XML 75 R46.htm IDEA: XBRL DOCUMENT
v3.20.4

Income taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Income taxes [Abstract] |
Income taxes - Income tax expense [Text Block] | Philips Group Income tax expense in millions of EUR
| 2018 | 2019 | 2020
--- | --- | --- | ---
Income before taxes of continuing operations1) | 1,505 | 1,528 | 1,499
Current tax (expense) benefit | (314) | (324) | (475)
Deferred tax (expense) benefit | 121 | (13) | 190
Income tax expense of continuing operations | (193) | (337) | (284)
1)Income before tax excludes the result of investments in associates.
Income taxes - Current income tax expense [Text Block] | Philips Group Current income tax expense in millions of EUR
| 2018 | 2019 | 2020
--- | --- | --- | ---
Current year tax (expense) benefit | (318) | (322) | (485)
Prior year tax (expense) benefit | 4 | (2) | 10
Current tax (expense) | (314) | (324) | (475)
Income taxes - Deferred income tax expense [Text Block] | Philips Group Deferred income tax expense In millions of EUR
| 2018 | 2019 | 2020
--- | --- | --- | ---
Changes to recognition of tax loss and credit carry forwards | (2) | 59 | -
Changes to recognition of temporary differences | 4 | (32) | 19
Prior year tax (expense) benefit | 15 | (7) | (8)
Tax rate changes | (26) | 2 | 13
Origination and reversal of temporary differences, tax losses and tax credits | 130 | (35) | 166
Deferred tax (expense) benefit | 121 | (13) | 190
Income taxes - Effective income tax rate [Text Block] | Philips Group Effective income tax rate in %
| 2018 | 2019 | 2020
--- | --- | --- | ---
Weighted average statutory income tax rate in % | 24.9 | 25.2 | 25.0
Recognition of previously unrecognized tax loss and credit carryforwards | (0.4) | (3.9) | (0.4)
Unrecognized tax loss and credit carryforwards | 0.5 | 0.1 | 0.4
Changes to recognition of temporary differences | (0.3) | 2.1 | (1.3)
Non-taxable income and tax incentives | (11.9) | (9.5) | (10.8)
Non-deductible expenses | 3.7 | 5.3 | 5.8
Withholding and other taxes | 4.5 | 3.7 | 0.5
Tax rate changes | 1.8 | (0.1) | (0.9)
Prior year tax | (1.3) | 0.6 | (0.1)
Tax expense (benefit) due to change in uncertain tax treatments | (8.6) | (1.6) | 0.9
Others, net | (0.1) | 0.2 | (0.1)
Effective income tax rate | 12.8 | 22.1 | 19.0
Income taxes - Deferred tax assets and liabilities [Text Block] | Philips Group Deferred tax assets and liabilities in millions of EUR
| Balance as of January 1, 2020 | recognized in income statement | other1) | Balance as of December 31, 2020 | Assets | Liabilities
--- | --- | --- | --- | --- | --- | ---
Intangible assets | 132 | 147 | (39) | 240 | 379 | (140)
Property, plant and equipment | 58 | (22) | (4) | 32 | 65 | (32)
Inventories | 252 | 77 | (16) | 313 | 317 | (4)
Other assets | 56 | 37 | 4 | 97 | 135 | (38)
Pensions and other employee benefits | 269 | 4 | (27) | 245 | 251 | (6)
Other liabilities | 334 | 81 | (30) | 384 | 436 | (52)
Deferred tax assets on tax loss carryforwards | 620 | (133) | (38) | 449 | 449 |
Set-off deferred tax positions |  |  |  |  | (212) | 212
Net deferred tax assets | 1,721 | 190 | (151) | 1,761 | 1,820 | (59)
1)Other includes the movements of assets and liabilities recognized in equity and OCI, which includes foreign currency translation differences, acquisitions and divestments. Philips Group Deferred tax assets and liabilities in millions of EUR
| Balance as of January 1, 2019 | recognized in income statement | other1) | Balance as of December 31, 2019 | Assets | Liabilities
--- | --- | --- | --- | --- | --- | ---
Intangible assets | (162) | 317 | (23) | 132 | 280 | (148)
Property, plant and equipment | 12 | 38 | 8 | 58 | 67 | (9)
Inventories | 257 | (6) | 1 | 252 | 259 | (7)
Other assets | 50 | (15) | 21 | 56 | 90 | (33)
Pensions and other employee benefits | 267 | 4 | (1) | 269 | 270 | (1)
Other liabilities | 428 | (119) | 25 | 334 | 436 | (102)
Deferred tax assets on tax loss carryforwards | 824 | (231) | 27 | 620 | 620 |
Set-off deferred tax positions |  |  |  |  | (156) | 156
Net deferred tax assets | 1,676 | (13) | 59 | 1,721 | 1,865 | (143)
1)Other includes the movements of assets and liabilities recognized in equity and OCI, which includes foreign currency translation differences, acquisitions and divestments.
Income taxes - Expiry years of net operating loss and credit carryforwards [Text Block] | Philips Group Expiry years of net operating loss and credit carryforwards in millions of EUR
| Total Balance as of December 31, 2019 | Unrecognized balance as of December 31, 2019 | Total Balance as of December 31, 2020 | Unrecognized balance as of December 31, 2020
--- | --- | --- | --- | ---
Within 1 year | 3 | - | 5 | 1
1 to 2 years | 6 | 3 | 1,546 | 1,541
2 to 3 years | 1,680 | 1,679 | 13 | 3
3 to 4 years | 14 | 7 | 235 | -
4 to 5 years | 519 | 3 | 23 | -
Later | 1,173 | 12 | 1,026 | 24
Unlimited | 1,746 | 1,123 | 1,428 | 951
Total | 5,141 | 2,826 | 4,276 | 2,520

X
- References No definition available. + Details
Name: | phg_IncomeTaxesAbstract
Namespace Prefix: | phg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | phg_IncomeTaxesCurrentIncomeTaxExpenseTextBlock
Namespace Prefix: | phg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | phg_IncomeTaxesDeferredIncomeTaxExpenseTextBlock
Namespace Prefix: | phg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | phg_IncomeTaxesDeferredTaxAssetsAndLiabilitiesTextBlock
Namespace Prefix: | phg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | phg_IncomeTaxesEffectiveIncomeTaxRateTextBlock
Namespace Prefix: | phg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | phg_IncomeTaxesExpiryYearsOfNetOperatingLossAndCreditCarryforwardsTextBlock
Namespace Prefix: | phg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | phg_IncomeTaxesIncomeTaxExpenseTextBlock
Namespace Prefix: | phg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration