Consolidated statement of changes in equity

				Retained earnings
CHF million	Share capital	Capital reserves	Treasury shares	Goodwill offset	Transla- tion differ- ences	Cash flow hedging	Other	Sharehold- ers' equity	Minority interests	Equity

Balance at 1.1.2021	4	24	–7	–544	–201	–2	2’079	1’353	36	1’389
Net profit							214	214	–15	200
Translation differences					7			7	1	7
Changes in cash flow hedges						2		2		2
Goodwill offset				–42				–42		–42
Transactions with minorities									13	13
Purchase of treasury shares			–11					–11		–11
Share-based compensation
– Settlement		1	7				–8
– Grants, forfeitures, adjustments							10	10		10
Dividends							–62	–62	–10	–72
Balance at 31.12.2021	4	25	–11	–586	–194	0	2’233	1’472	24	1’496

Balance at 1.1.2020	4	23	–7	–546	–145	–1	2’068	1’396	42	1’438
Net profit							116	116	–4	112
Translation differences					–56			–56	2	–54
Changes in cash flow hedges						–1		–1		–1
Goodwill offset				2				2		2
Transactions with minorities									8	8
Purchase of treasury shares			–7					–7		–7
Share-based compensation
– Settlement		1	7				–8
– Grants, forfeitures, adjustments							6	6		6
Dividends							–103	–103	–12	–115
Balance at 31.12.2020	4	24	–7	–544	–201	–2	2’079	1’353	36	1’389