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Post-employment benefits (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Post-employment benefits [Abstract] |
Post-employment benefits (Tables), Pre-tax costs for post-employment benefits [Text Block] | Philips Group Pre-tax costs for post-employment benefits in millions of EUR 2016 - 2018
| 2016 | 2017 | 2018
--- | --- | --- | ---
Defined-benefit plans | 58 | 95 | 46
- included in income from operations | (19) 1 | 32 | 23
- included in financial expense | 48 | 37 | 23
- included in Discontinued operations | 29 | 26 |
Defined-contribution plans | 392 | 397 | 327
- included in income from operations | 299 | 315 | 327
- included in Discontinued operations | 93 | 82 |
Post-employment benefits costs | 450 | 492 | 374
1 The net income mainly relates to the settlement of the pension related legal claim in the UK
Post-employment benefits (Tables), Defined-benefit obligations [Text Block] | Philips Group Defined-benefit obligations in millions of EUR 2017 - 2018
| 2017 | 2018
--- | --- | ---
Balance as of January 1 | 4,987 | 3,109
Service cost | 34 | 27
Interest cost | 126 | 85
Employee contributions | 4 | 4
Actuarial (gains) / losses |  |
– demographic assumptions | (14) | 4
– financial assumptions | 75 | (131)
– experience adjustment | (15) | 5
(Negative) past service cost | 1 | (6)
Settlements | (348) | (0)
Benefits paid from plan | (172) | (152)
Benefits paid directly by employer | (52) | (42)
Transfer to Liabilities directly associated with assets held for sale 1 | (1,210) |
Translation differences and other | (307) | 94
Balance as of December 31 | 3,109 | 2,998
Present value of funded obligations at end of year | 2,476 | 2,388
Present value of unfunded obligations at end of year | 633 | 610
1 The amount presented under 'Transfer to Liabilities directly associated with assets held for sale' in 2017 relates to Signify (former Philips Lighting)
Post-employment benefits (Tables), Plan assets [Text Block] | Philips Group Plan assets in millions of EUR 2017 - 2018
| 2017 | 2018
--- | --- | ---
Balance as of January 1 | 3,095 | 2,137
Interest income on plan assets | 87 | 62
Admin expenses paid | (2) | (1)
Return on plan assets excluding interest income | 70 | (129)
Employee contributions | 4 | 4
Employer contributions | 263 | 159
Settlements | (348) | (0)
Benefits paid from plan | (172) | (152)
Transfer to Assets classified as held for sale 1 | (642) | -
Translation differences and other | (218) | 83
Balance as of December 31 | 2,137 | 2,164
Funded status | (972) | (834)
Unrecognized net assets |  |
Net balance sheet position | (972) | (834)
1 The amount presented under 'Transfer to Liabilities directly associated with assets held for sale' in 2017 relates to Signify (former Philips Lighting)
Post-employment benefits (Tables), Changes in the effect of the asset ceiling [Text Block] | Philips Group Changes in the effect of the asset ceiling in millions of EUR 2017
| 2017
--- | ---
Balance as of January 1 | 105
Interest on unrecognized assets | 4
Remeasurements | (100)
Translation differences | (9)
Balance as of December 31 |
Post-employment benefits (Tables), Plan assets allocation [Text Block] | Philips Group Plan assets allocation in millions of EUR 2017 - 2018
| 2017 | 2018
--- | --- | ---
Assets quoted in active markets |  |
- Debt securities | 1,142 | 1,294
- Equity securities | 69 |
- Other | 137 | 161
Assets not quoted in active markets |  |
- Debt securities | 14 | 12
- Equity securities | 457 | 368
- Other | 318 | 329
Total assets | 2,137 | 2,164
Post-employment benefits (Tables), Assumptions used for defined-benefit obligations [Text Block] | Philips Group Assumptions used for defined-benefit obligations in % 2017- 2018
| 2017 | 2018
--- | --- | ---
Discount rate | 2.8% | 3.2%
Inflation rate | 2.1% | 2.1%
Salary increase | 2.4% | 2.4%
Post-employment benefits (Tables), Sensitivity of key assumptions [Text Block] | Philips Group Sensitivity of key assumptions in millions of EUR 2018
| Defined benefit obligation
--- | ---
Increase |
Discount rate (1% movement) | (298)
Inflation rate (1% movement) | 97
Salary increase (1% movement) | 21
Longevity 1 | 65
Decrease |
Discount rate (1% movement) | 367
Inflation rate (1% movement) | (89)
Salary increase (1% movement) | (20)
1 The mortality table (i.e. longevity) also impacts the DBO. The above sensitivity table illustrates the impact on the DBO of a further 10% decrease in the assumed rates of mortality for the company’s major schemes. A 10% decrease in assumed mortality rates equals improvement of life expectancy by 0.5 - 1 year. Philips Group Sensitivity of key assumptions in millions of EUR 2017
| Defined benefit obligation
--- | ---
Increase |
Discount rate (1% movement) | (323)
Inflation rate (1% movement) | 85
Salary increase (1% movement) | 20
Longevity 1 | 72
Decrease |
Discount rate (1% movement) | 394
Inflation rate (1% movement) | (86)
Salary increase (1% movement) | (19)
1 The mortality table (i.e. longevity) also impacts the DBO. The above sensitivity table illustrates the impact on the DBO of a further 10% decrease in the assumed rates of mortality for the company’s major schemes. A 10% decrease in assumed mortality rates equals improvement of life expectancy by 0.5 - 1 year.

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