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v3.19.3.a.u2

Goodwill (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Goodwill [Abstract] |
Goodwill (Tables), Goodwill [Text Block] | Philips Group Goodwill in millions EUR 2018 - 2019
| 2018 | 2019
--- | --- | ---
Balance as of January 1: |  |
Cost | 9,074 | 9,908
Impairments | (1,343) | (1,405)
Book value | 7,731 | 8,503
Changes in book value: |  |
Acquisitions | 465 | 83
Impairments |  | (97)
Divestments and transfers to assets classified as held for sale | (3) | -
Translation differences and other | 310 | 165
Balance as of December 31: |  |
Cost | 9,908 | 10,182
Impairments | (1,405) | (1,528)
Book value | 8,503 | 8,654
Goodwill (Tables), Goodwill allocated to the cash-generating units [Text Block] | Philips Group Goodwill allocated to the cash-generating units in millions of EUR 2018 - 2019
| 2018 | 2019
--- | --- | ---
Image-Guided Therapy | 2,357 | 2,673
Monitoring & Analytics | 1,354 | 1,360
Sleep & Respiratory Care | 1,925 | 2,071
Other (units carrying a non-significant goodwill balance) | 2,867 | 2,550
Book value | 8,503 | 8,654
Goodwill (Tables), Key assumptions [Text Block] | Philips Group Key assumptions in % 2019
| compound sales growth rate1) |
--- | --- | ---
| initial forecast period | extra-polation period2) | used to calculate terminal value3) | pre-tax discount rates
Image-Guided Therapy | 9.3 | 6.4 | 2.5 | 8.8
Monitoring & Analytics | 4.6 | 3.8 | 2.5 | 10.1
Sleep & Respiratory Care | 8.1 | 4.8 | 2.5 | 9.7
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 % 2018
| compound sales growth rate1) |
--- | --- | ---
| initial forecast period | extra-polation period2) | used to calculate terminal value3) | pre-tax discount rates
Image-Guided Therapy | 8.1 | 5.2 | 2.3 | 9.3
Patient Care & Monitoring Solutions | 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 5 year extrapolation period, after which no further growth is assumed for the terminal value calculation

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