17. Intangible assets
The book values of the individual categories are as follows:
| In millions of CHF | 31.12.2025 | 31.12.2024 | ||
|---|---|---|---|---|
| Intangible assets under development | 44.2 | 27.2 | ||
| Usage rights | 53.0 | 57.9 | ||
| Software | 34.2 | 28.5 | ||
| Merger losses (goodwill) | 125.3 | 143.2 | ||
| 256.7 | 256.8 |