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v3.20.4

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Debt [Abstract] |
Debt - Long-term debt [Text Block] | Philips Group Long-term debt in millions of EUR unless otherwise stated
| amount outstanding in 2020 | Current portion | Non-current portion | Between 1 and 5 years | amount due after 5 years | average remaining term (in years) | average rate of interest
--- | --- | --- | --- | --- | --- | --- | ---
USD bonds | 1,210 |  | 1,210 | 122 | 1,088 | 16.1 | 6.3%
EUR bonds | 3,229 |  | 3,229 | 1,494 | 1,735 | 5.4 | 1.0%
Forward contracts | 982 | 869 | 113 | 113 |  | 0.9 |
Lease liability | 1,216 | 267 | 948 | 596 | 352 | 3.9 | 2.1%
Bank borrowings | 205 | 1 | 203 | 3 | 200 | 4.1 | 0.2%
Other long-term debt | 16 | 15 | 1 | 1 | - | 1.0 | 0.0%
Long-term debt | 6,857 | 1,153 | 5,705 | 2,329 | 3,376 | 6.3 | 2.0%
Philips Group Long-term debt in millions of EUR unless otherwise stated
| amount outstanding in 2019 | Current portion | Non-current portion | Between 1 and 5 years | amount due after 5 years | average remaining term (in years) | average rate of interest
--- | --- | --- | --- | --- | --- | --- | ---
USD bonds | 1,328 |  | 1,328 |  | 1,328 | 17.1 | 6.3%
EUR bonds | 2,234 |  | 2,234 | 995 | 1,239 | 5.8 | 0.8%
Forward contracts | 188 | 126 | 62 | 62 |  | 1.2 |
Lease liability | 1,381 | 272 | 1,109 | 618 | 491 | 4.3 | 2.4%
Bank borrowings | 206 | 1 | 205 | 5 | 200 | 5.1 | 0.3%
Other long-term debt | 17 | 17 |  |  |  | 1.0 | 1.8%
Long-term debt | 5,355 | 416 | 4,939 | 1,681 | 3,258 | 8.0 | 2.5%
Debt - Unsecured Bonds [Text Block] | Philips Group Unsecured Bonds in millions of EUR unless otherwise stated
| effective rate | 2019 | 2020
--- | --- | --- | ---
Unsecured EUR Bonds |  |  |
Due 9/06/2023; 1/2% | 0.634% | 500 | 500
Due 5/02/2024; 3/4% | 0.861% | 500 | 500
Due 22/05/2026; 1/2% | 0.608% | 750 | 750
Due 5/02/2028; 1 3/8% | 1.523% | 500 | 500
Due 30/03/2025; 1 3/8% | 1.509% |  | 500
Due 30/03/2030; 2% | 2.128% |  | 500
Unsecured USD Bonds |  |  |
Due 5/15/2025; 7 3/4% | 7.429% | 56 | 51
Due 6/01/2026; 7 1/5% | 6.885% | 122 | 111
Due 5/15/2025; 7 1/8% | 6.794% | 75 | 68
Due 11/03/2038; 6 7/8% | 7.210% | 648 | 591
Due 3/15/2042; 5% | 5.273% | 446 | 407
Adjustments1) |  | (35) | (39)
Unsecured Bonds |  | 3,562 | 4,439
1)Adjustments related to both EUR and USD bonds and concern bond discounts, premium and transaction costs.
Debt - Lease liabilities [Text Block] | Philips Group Lease liabilities in millions of EUR
| 2019 | 2020
--- | --- | ---
| future minimum lease payments | interest | present value of minimum lease payments | future minimum lease payments | interest | present value of minimum lease payments
Less than one year | 292 | 20 | 272 | 290 | 23 | 267
Between one and five years | 698 | 80 | 618 | 651 | 55 | 596
More than five years | 543 | 52 | 491 | 384 | 31 | 352
Lease liability | 1,533 | 152 | 1,381 | 1,325 | 109 | 1,216
Debt - Short-term debt [Text Block] | Philips Group Short-term debt in millions of EUR
| 2019 | 2020
--- | --- | ---
Short-term bank borrowings | 92 | 76
Current portion of long-term debt | 416 | 1,153
Short-term debt | 508 | 1,229

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