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Goodwill (Tables)
 12 Months Ended
Dec. 31, 2018
Goodwill [Abstract]  
Goodwill (Tables), Goodwill [Text Block]

Philips Group

Goodwill

in millions EUR

2017 - 2018

2017

2018

Balance as of January 1:

Cost

11,151

9,074

Impairments

(2,253)

(1,343)

Book value

8,898

7,731

Changes in book value:

Acquisitions

1,548

465

Divestments and transfers to assets classified as held for sale

(1,878)

(3)

Translation differences and other

(836)

310

Balance as of December 31:

Cost

9,074

9,908

Impairments

(1,343)

(1,405)

Book value

7,731

8,503

Goodwill (Tables), Goodwill allocated to the cash-generating units [Text Block]

Philips Group

Goodwill allocated to the cash-generating units

in millions of EUR

2017 - 2018

2017

2018

Image-Guided Therapy

2,242

2,357

Patient Care & Monitoring Solutions

1,349

Monitoring & Analytics

1,354

Sleep & Respiratory Care

1,819

1,925

Other (units carrying a non-significant goodwill balance)

2,321

2,867

Book value

7,731

8,503

Goodwill (Tables), Key assumptions [Text Block]

Philips Group

Key assumptions

in %

2018

compound sales growth rate 1

initial forecast period

extra-polation period 2

used to calculate terminal value 3

pre-tax discount rates

Image-Guided Therapy

8.1

5.2

2.3

9.3

Monitoring & Analytics

6.5

4.0

2.3

9.9

Sleep & Respiratory Care

8.4

4.8

2.3

10.6

1 Compound sales growth rate is the annualized steady nominal growth rate over the forecast period
2 Also referred to later in the text as compound long-term sales growth rate
3 The historical long-term growth rate is only applied to the first year after the 4 year extrapolation period, after which no further growth is assumed for the terminal value calculation

Philips Group

Key assumptions

in %

2017

compound sales growth rate 1

initial forecast period

extra-polation period 2

used to calculate terminal value 3

pre-tax discount rates

Image-Guided Therapy

5.3

4

2.3

10.9

Patient Care & Monitoring Solutions

3.8

4.8

2.3

12.3

Sleep & Respiratory Care

7.2

5.6

2.3

12.1

1 Compound sales growth rate is the annualized steady nominal growth rate over the forecast period
2 Also referred to later in the text as compound long-term sales growth rate
3 The historical long-term growth rate is only applied to the first year after the 5 year extrapolation period, after which no further growth is assumed for the terminal value calculation