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 1.1.2022	4	25	–11	–586	–194	0	2’233	1’472	24	1’496
Net profit							276	276	4	280
Translation differences					–68			–68	–6	–74
Changes in cash flow hedges						5		5	0	5
Goodwill offset				–5				–5		–5
Transactions with minorities									7	7
Changes in scope of consolidation									36	36
Purchase of treasury shares			–5					–5		–5
Share-based compensation
– Settlement		1	9				–10
– Grants, forfeitures, adjustments							9	9		9
Dividends							–82	–82	–10	–92
Balance at 31.12.2022	4	26	–8	–590	–262	5	2’427	1’602	54	1’656

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