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Consolidated Statement of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Statement Of Comprehensive Income [Line Items]          
Net profit / (loss) $ 1,236 $ 1,598 $ 1,393 $ 2,833 $ 2,532
Net profit / (loss) attributable to shareholders 1,232 1,595 1,392 2,827 2,533
Net profit / (loss) attributable to non-controlling interests 3 3 1 6 (1)
Defined benefit plans          
Subtotal defined benefit plans, net of tax       (347) (171)
Own credit on financial liabilities designated at fair value          
Subtotal own credit on financial liabilities designated at fair value, net of tax       62 (246)
Total comprehensive income          
Total other comprehensive income (1,026) 2,597 1,080 1,571 980
Total other comprehensive income that may be reclassified to the income statement, net of tax 345 1,515 1,006 1,860 1,399
Total other comprehensive income that will not be reclassified to the income statement, net of tax (1,371) 1,082 74 (289) (419)
Total comprehensive income 209 4,195 2,473 4,404 3,512
Comprehensive income attributable to shareholders          
Statement Of Comprehensive Income [Line Items]          
Net profit / (loss)       2,827 2,533
Foreign currency translation          
Foreign currency translation movements related to net assets of foreign operations, before tax 458 (280) 302 178 145
Effective portion of changes in fair value of hedging instruments designated as net investment hedges, before tax (197) 143 (122) (54) (96)
Foreign currency translation differences on foreign operations reclassified to the income statement 0 0 3 0 4
Effective portion of changes in fair value of hedging instruments designated as net investment hedges reclassified to the income statement 2 (8) (13) (7) (13)
Income tax relating to foreign currency translations, including the effect of net investment hedges (2) 0 (2) (2) 0
Subtotal foreign currency translation, net of tax 261 (145) 168 116 40
Financial assets measured at fair value through other comprehensive income          
Net unrealized gains / (losses), before tax 19 208 90 226 171
Realized gains reclassified to the income statement from equity (15) (9) (2) (24) (3)
Realized losses reclassified to the income statement from equity 0 0 1 0 1
Income tax relating to net unrealized gains / (losses) (3) (51) (24) (54) (41)
Subtotal financial assets measured at fair value through other comprehensive income, net of tax 1 147 65 149 128
Cash flow hedges of interest rate risk          
Effective portion of changes in fair value of derivative instruments designated as cash flow hedges, before tax 291 1,953 987 2,244 1,575
Net (gains) / losses reclassified to the income statement from equity (171) (103) (24) (274) (45)
Income tax relating to cash flow hedges (25) (345) (191) (370) (298)
Subtotal cash flow hedges, net of tax 95 1,505 773 1,600 1,232
Cost of hedging          
Change in fair value of cost of hedging, before tax (18) 6   (12)  
Amortization of initial cost of hedging to the income statement 5 2   7  
Income tax relating to cost of hedging 0 0   0  
Subtotal cost of hedging, net of tax (13) 8   (4)  
Defined benefit plans          
Gains / (losses) on defined benefit plans, before tax (420) 10 [1] 14 (410) (148)
Income tax relating to defined benefit plans (80) 143 (7) 63 (23)
Subtotal defined benefit plans, net of tax (500) 153 8 (347) (171)
Own credit on financial liabilities designated at fair value          
Gains / (losses) from own credit on financial liabilities designated at fair value, before tax (1,095) 1,156 72 62 (254)
Income tax relating to own credit on financial liabilities designated at fair value 223 (223) 0 0 8
Subtotal own credit on financial liabilities designated at fair value, net of tax (872) 934 72 62 (246)
Total comprehensive income          
Total other comprehensive income (1,027) 2,602 1,086 1,575 982
Total other comprehensive income that may be reclassified to the income statement, net of tax 345 1,515 1,006 1,860 1,399
Total other comprehensive income that will not be reclassified to the income statement, net of tax (1,372) 1,086 80 (286) (417)
Total comprehensive income 205 4,197 2,478 4,402 3,515
Comprehensive income attributable to non-controlling interests          
Statement Of Comprehensive Income [Line Items]          
Net profit / (loss)       6 (1)
Foreign currency translation          
Foreign currency translation movements related to net assets of foreign operations, before tax 1 (5) (6) (4) (2)
Income tax relating to foreign currency translations, including the effect of net investment hedges 0 0 0 0 0
Subtotal foreign currency translation, net of tax 1 (5) (6) (4) (2)
Total comprehensive income          
Total other comprehensive income 1 (5) (6) (4) (2)
Total other comprehensive income that will not be reclassified to the income statement, net of tax 1 (5) (6) (4) (2)
Total comprehensive income $ 4 $ (2) $ (5) $ 3 $ (3)
[1]
Includes a net pre-tax OCI gain of USD 247 million related to UK defined benefit plans (driven by a decrease in the defined benefit obligation, mainly resulting from a higher discount rate), largely offset by a net pre-tax OCI loss of USD 242 million related to the Swiss pension plan (driven by an extraordinary employer contribution of USD 235 million that increased the gross plan assets, but led to an OCI loss as no net pension asset could be recognized on the balance sheet as of 31 March 2020 due to the asset ceiling). Refer to “Note 29 Pension and other post-employment benefit plans” in the “Consolidated financial statements” section of the Annual Report 2019 for more information about the effects from changes to the Swiss pension plan and the measures to mitigate them