INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2025

Intangible Assets [Abstract]

Disclosure of detailed information about intangible assets

The rights are amortised on a straight-line basis over the contract term.


Asset Category						Useful Lives
Software						3 to 5 years
Licenses and rights						5 to 26 years
Brands and customer relationships						6 to 10 years
Other intangible assets						2 to 25 years

Changes in the carrying amounts of the intangible assets are as follows:


CHF in millions									Brands and Customers Relationships									Licenses and Rights									Software									Other Intangible Assets									Total


Cost:




1 January 2024									1,955.8									652.1									635.2									17.2									3,260.3
Additions									—									2.0									99.9									—									101.9
Retirements and disposals									—									(153.5)									(32.6)									(8.0)									(194.1)
Reclassifications									—									—									76.4									—									76.4
Other									1.9									—									—									3.6									5.5
31 December 2024									1,957.7									500.6									778.9									12.8									3,250.0

Additions									3.1									218.7									82.4									7.8									312.0
Retirements and disposals									—									—									(22.2)									(0.1)									(22.3)
Reclassifications									—									—									60.2									—									60.2
Other									0.2									(1.6)									0.6									12.4									11.6
31 December 2025									1,961.0									717.7									899.9									32.9									3,611.5


CHF in millions									Brands and Customers Relationships									Licenses and Rights									Software									Other Intangible Assets									Total


Accumulated amortisation:
1 January 2024									(1,026.9)									(319.5)									(375.3)									(8.7)									(1,730.4)

Amortisation									(321.7)									(69.0)									(155.0)									(4.2)									(549.9)

Retirements and disposals									—									153.5									32.6									8.0									194.1
Reclassifications									—									—									(65.5)									—									(65.5)
Other									—									—									(13.9)									—									(13.9)
31 December 2024									(1,348.6)									(235.0)									(577.1)									(4.9)									(2,165.6)

Amortisation									(320.2)									(71.6)									(122.3)									(4.7)									(518.8)


Retirements and disposals									—									—									22.2									0.1									22.3
Reclassifications									—									—									—									—									—
Other									0.1									(0.2)									(3.5)									(11.3)									(14.9)
31 December 2025									(1,668.7)									(306.8)									(680.7)									(20.8)									(2,677.0)


CHF in millions									Brands and Customers Relationships									Licenses and Rights									Software									Other Intangible Assets									Total


Intangible assets subject to amortisation, net:


Net carrying amount at 31 December 2024									609.1									265.6									201.8									7.9									1,084.4
Net carrying amount at 31 December 2025									292.3									410.9									219.2									12.1									934.5