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Cash flow statement supplementary information | 12 Months Ended
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Dec. 31, 2020
Cash flow statement supplementary information [Abstract] |
Cash flow statement supplementary information [Text Block] | ### 24Cash flow statement supplementary information ##### Cash paid for leases In 2020, gross lease payments of EUR 325 million (2019: EUR 281 million) included interest of EUR 29 million (2019: EUR 26 million). ##### Net cash used for derivatives and current financial assets In 2020, a total of EUR 13 million cash was paid with respect to foreign exchange derivative contracts related to activities for liquidity management and funding (2019: EUR 166 million outflow; 2018: EUR 177 million outflow). ##### Purchase and proceeds from non-current financial assets In 2020, the net cash outflow of EUR 66 million was mainly the cash outflow due to investment in DC Health amounting to EUR 45 million in China. In 2019, the net cash inflow of EUR 99 million was mainly due to the sale of the company's investment in Corindus Vascular Robotics and other stakes, partly offset by an outflow due to capital contributions into investment funds. In 2018, the net cash inflow of EUR 43 million was mainly due to inflows from the repayment of loans receivable, the sale of stakes and capital distributions from investment funds, partly offset by an outflow due to capital contributions into investment funds. Philips Group Reconciliation of liabilities arising from financing activities in millions of EUR
| Balance as of Dec. 31, 2019 | Cash flow | Currency effects and consolidation changes | Other1) | Balance as of Dec. 31, 2020
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Long term debt2) | 5,355 | 767 | (180) | 916 | 6,857
USD bonds | 1,328 |  | (117) |  | 1,210
EUR bonds | 2,234 | 991 |  | 3 | 3,229
Bank borrowings | 206 |  | (2) |  | 205
Other long-term debt | 17 | (1) |  | 1 | 16
Leases | 1,381 | (223) | (61) | 119 | 1,216
Forward contracts3) | 188 |  |  | 793 | 982
Short term debt2) | 92 | 16 | (32) |  | 76
Short-term bank borrowings | 92 | 15 | (32) |  | 76
Other short-term loans |  | 1 |  |  | 1
Forward contracts3) |  |  |  |  |
Equity | (390) | (300) |  | (491) | (1,181)
Dividend payable |  | (2) |  | 2 |
Forward contracts3) | (188) |  |  | (793) | (982)
Treasury shares | (201) | (298) |  | 299 | (199)
Total |  | 483 |  |  |
1)Besides non-cash, other includes interest paid on leases, which is part of cash flows from operating activities 2)Long-term debt includes the current portion of long-term debt, and short-term debt excludes the current portion of long-term debt.3)The forward contracts are related to the share buyback program and LTI plans Philips Group Reconciliation of liabilities arising from financing activities in millions of EUR
| Balance as of Dec. 31, 2018 | Cash flow | Currency effects and consolidation changes | Other1) | Balance as of Dec. 31, 2019
--- | --- | --- | --- | --- | ---
Long term debt2) | 4,657 | 86 | 37 | 575 | 5,355
USD bonds | 1,303 |  | 25 |  | 1,328
EUR bonds | 1,988 | 244 |  | 2 | 2,234
Bank borrowings | 211 | (5) |  |  | 206
Other long-term debt | 18 | (1) |  |  | 17
Leases | 330 | (152) | 12 | 132 | 322
IFRS 16 new lease recognition2) |  |  |  | 1,059 | 1,059
Forward contracts3) | 807 |  |  | (618) | 188
Short term debt2) | 164 | 23 | (7) | (88) | 92
Short-term bank borrowings | 76 | 23 | (7) |  | 92
Other short-term loans |  |  |  |  |
Forward contracts3) | 88 |  |  | (88) |
Equity | (1,293) | (1,774) |  | 2,677 | (390)
Dividend payable |  | (456) |  | 456 |
Forward contracts3) | (894) |  |  | 706 | (188)
Treasury shares | (399) | (1,318) |  | 1,516 | (201)
Total |  | (1,665) |  |  |
1)Besides non-cash, other includes interest paid on finance leases, which is part of cash flows from operating activities 2)In the 2019 opening balance sheet, EUR 803 million of lease liabilities were recognized due to the implementation of IFRS 16.3)The forward contracts are related to the share buyback program and LTI plans

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