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Fair value of financial assets and liabilities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Fair value of financial assets and liabilities [Abstract] |
Fair value of financial assets and liabilities (Tables), Fair value of financial assets and liabilities [Text Block] | Philips Group Fair value of financial assets and liabilities in millions of EUR 2018
| carrying amount | estimated fair value 1 | Level 1 | Level 2 | Level 3
--- | --- | --- | --- | --- | ---
Financial assets |  |  |  |  |
Carried at fair value: |  |  |  |  |
Debt instruments | 69 | 69 |  |  | 69
Equity instruments | 20 | 20 | 20 |  |
Other financial assets | 27 | 27 |  | 22 | 5
Financial assets carried at FVTPL | 116 | 116 | 20 | 22 | 74
Debt instruments | 26 | 26 |  | 26 | -
Equity instruments | 172 | 172 | 22 | 1 | 149
Current financial assets 2 | 435 | 435 | 434 |  | -
Receivables - current | 32 | 32 |  |  | 32
Financial assets carried at FVTOCI | 664 | 664 | 457 | 27 | 181
Derivative financial instruments | 36 | 36 |  | 36 |
Financial assets carried at fair value | 817 | 817 | 476 | 85 | 255
Carried at (amortized) cost: |  |  |  |  |
Cash and cash equivalents | 1,688 |  |  |  |
Loans and receivables: |  |  |  |  |
Current loans receivables | 2 |  |  |  |
Other non-current loans and receivables | 46 |  |  |  |
Receivables - current | 4,004 |  |  |  |
Receivables - non-current | 162 |  |  |  |
Financial assets carried at (amortized) cost | 5,902 |  |  |  |
Total financial assets | 6,718 |  |  |  |
Financial liabilities |  |  |  |  |
Carried at fair value: |  |  |  |  |
Contingent consideration | (409) | (409) |  |  | (409)
Financial liabilities carried at FVTP&L | (409) | (409) |  |  | (409)
Derivative financial instruments | (290) | (290) |  | (290) |
Financial liabilities carried at fair value | (699) | (699) |  | (290) | (409)
Carried at (amortized) cost: |  |  |  |  |
Accounts payable | (2,303) |  |  |  |
Interest accrual | (36) |  |  |  |
Debt (Corporate bonds and finance leases) | (3,621) | (3,906) | (3,576) | (330) |
Debt (excluding corporate bonds and finance leases) | (1,200) |  |  |  |
Financial liabilities carried at (amortized) cost | (7,159) |  |  |  |
Total financial liabilities | (7,858) |  |  |  |
1 For Cash and cash equivalents, Loans and receivables, Accounts payable, interest accrual and Debt (excluding corporate bonds and finance leases), the carrying amounts approximate fair value because of the short maturity and the nature of these instruments, and therefore fair value information is not included in the table above. 2 The majority of the balance reflects the remaining stake in Signify (formerly Philips Lighting), which relates to equity instruments. Philips Group Fair value of financial assets and liabilities in millions of EUR 2017
| carrying amount | estimated fair value 1 | Level 1 | Level 2 | Level 3
--- | --- | --- | --- | --- | ---
Financial assets |  |  |  |  |
Carried at fair value: |  |  |  |  |
Available-for-sale financial assets | 446 | 446 | 49 | 29 | 368
Securities classified as assets held for sale | 1,264 | 1,264 | 1,264 |  |
Fair value through profit and loss | 27 | 27 |  | 23 | 4
Derivative Financial Instruments | 78 | 78 |  | 78 |
Financial assets carried at fair value | 1,815 | 1,815 | 1,313 | 130 | 372
Carried at (amortized) cost: |  |  |  |  |
Cash and cash equivalents | 1,939 |  |  |  |
Loans and receivables: |  |  |  |  |
Current loans receivable | 2 |  |  |  |
Other non-current loans and receivables | 114 |  |  |  |
Receivables - current | 3,909 |  |  |  |
Receivables - non-current | 130 |  |  |  |
Held-to-maturity investments | 1 |  |  |  |
Financial assets carried at (amortized) costs | 6,095 |  |  |  |
Total financial assets | 7,909 |  |  |  |
Financial liabilities |  |  |  |  |
Carried at fair value: |  |  |  |  |
Contingent consideration | (66) | (66) |  |  | (66)
Derivative Financial Instruments | (383) | (383) |  | (383) |
Financial liabilities carried at fair value | (449) | (449) |  | (383) | (66)
Carried at amortized cost: |  |  |  |  |
Accounts payable | (2,090) |  |  |  |
Interest accrual | (38) |  |  |  |
Debt (Corporate bond and finance lease) | (3,378) | (3,860) | (3,579) | (281) |
Debt (other bank loans, overdrafts, forward contacts etc.) | (1,337) |  |  |  |
Financial liabilities carried at (amortized) costs | (6,843) |  |  |  |
Total financial liabilities | (7,292) |  |  |  |
1 For Cash and cash equivalents, Loans and receivables, Accounts payable, interest accrual and Debt (excluding corporate bonds and finance leases), the carrying amounts approximate fair value because of the short maturity and the nature of these instruments, and therefore fair value information is not included in the table above.
Fair value of financial assets and liabilities (Tables), Reconciliation of the fair value hierarchy [Text Block] | Philips Group Reconciliation of the fair value hierarchy in millions of EUR 2018
| Financial assets | Financial liabilities
--- | --- | ---
Balance as of December 31, 2017 | 372 | 66
IFRS 9 adjustment 1 | 47 |
Balance at January 1, 2018 | 420 | 66
Assumed in a business combination |  | 370
Purchase | 30 |
Sales | (35) |
Utilizations |  | (48)
Recognized in profit and loss: |  |
- other business income |  | 5
- financial income and expenses | - | 12
Recognized in other comprehensive income 2 | (145) | 5
Receivables held to collect and sell | (15) |
Balance at December 31, 2018 | 255 | 409
1 IFRS 9 adjustments relates to Receivables-current carried at FVTOCI. For further information refer to Significant accounting policies note. 2 Includes translation differences
Fair value of financial assets and liabilities (Tables), Financial assets subject to offsetting, enforceable master netting arrangements or similar agreements [Text Block] | Philips Group Financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in millions of EUR 2017 - 2018
| 2017 | 2018
--- | --- | ---
Derivatives |  |
Gross amounts of recognized financial assets | 78 | 36
Gross amounts of recognized financial liabilities offset in the balance sheet |  |
Net amounts of financial assets presented in the balance sheet | 78 | 36
Related amounts not offset in the balance sheet |  |
Financial instruments | (38) | (25)
Cash collateral received |  |
Net amount | 39 | 12
Fair value of financial assets and liabilities (Tables), Financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements [Text Block] | Philips Group Financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in millions of EUR 2017 - 2018
| 2017 | 2018
--- | --- | ---
Derivatives |  |
Gross amounts of recognized financial liabilities | (383) | (290)
Gross amounts of recognized financial assets offset in the balance sheet |  |
Net amounts of financial liabilities presented in the balance sheet | (383) | (290)
Related amounts not offset in the balance sheet |  |
Financial instruments | 38 | 25
Cash collateral received |  |
Net amount | (345) | (265)

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