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Post-employment benefits (Tables)
 12 Months Ended
Dec. 31, 2020
Post-employment benefits [Abstract]  
Post-employment benefits - Post-employment benefits [Text Block]

Philips Group

Post-employment benefits

in millions of EUR

 United StatesGermanyOther CountriesTotal
 20192020201920202019202020192020
Present value of funded DBO(1,738)(568)(630)(649)(317)(304)(2,684)(1,521)
Present value of unfunded DBO(148)(141)(351)(344)(166)(147)(666)(633)
Total present value of DBO(1,886)(709)(981)(993)(484)(451)(3,350)(2,153)
Fair value of plan assets1,7436135245432592472,5261,403
Net balance sheet position(143)(95)(457)(450)(224)(205)(824)(750)
Post-employment benefits - Pre-tax costs for post-employment benefits [Text Block]

Philips Group

Pre-tax costs for post-employment benefits

in millions of EUR

 201820192020
Defined-benefit plans465674
- included in income from operations233461
- included in financial expense232213
- included in Discontinued operations  
Defined-contribution plans327346366
- included in income from operations327346366
- included in Discontinued operations  
Post-employment benefits costs374401440
Post-employment benefits - Defined-benefit obligations [Text Block]

Philips Group

Defined-benefit obligations

in millions of EUR

 20192020
Balance as of January 12,9983,350
Service cost3639
Interest cost9971
Employee contributions1215
Actuarial (gains) / losses  
- demographic assumptions(52)16
- financial assumptions304163
- experience adjustment2939
(Negative) past service cost-2
Settlements(5)(1,185)
Benefits paid from plan(159)(221)
Benefits paid directly by employer(41)(35)
Translation differences and other130(100)
Balance as of December 313,3502,153
Post-employment benefits - Plan assets [Text Block]

Philips Group

Plan assets

in millions of EUR

 20192020
Balance as of January 12,1642,526
Interest income on plan assets7758
Admin expenses paid(1)(1)
Return on plan assets excluding interest income305268
Employee contributions1215
Employer contributions2834
Settlements(1)(1,205)
Benefits paid from plan(159)(221)
Translation differences and other103(71)
Balance as of December 312,5261,403
Post-employment benefits - Plan assets allocation [Text Block]

Philips Group

Plan assets allocation

in millions of EUR

 20192020
Assets quoted in active markets  
- Debt securities1,476782
- Equity securities 
- Other209175
   
Assets not quoted in active markets  
- Debt securities97
- Equity securities473133
- Other359307
Total assets2,5261,403
Post-employment benefits - Assumptions used for defined-benefit obligations in the United States, Germany and the rest of the world [Text Block]

Philips Group

Assumptions used for defined-benefit obligations in the United States, Germany and the rest of the world

in %

 USGermanyOtherTotal
 20192020201920202019202020192020
Discount rate3.1%2.3%0.8%0.6%2.6%2.2%2.4%1.5%
Inflation rate2.0%2.0%1.8%1.6%1.9%1.7%1.9%1.7%
Salary increase0.0%0.0%2.5%2.5%2.8%2.7%2.6%2.5%
Post-employment benefits - Sensitivity of key assumptions [Text Block]

Philips Group

Sensitivity of key assumptions

in millions of EUR

 20192020
Increase  
Discount rate (1% movement)(340)(226)
Inflation rate (1% movement)11386
Salary increase (1% movement)2316
Longevity1)9051
Decrease  
Discount rate (1% movement)401265
Inflation rate (1% movement)(107)(78)
Salary increase (1% movement)(22)(19)
1)The mortality table (i.e. longevity) also impacts the DBO. The above sensitivity table illustrates the impact on the DBO of a further 10% decrease in the assumed rates of mortality for the company’s major plans. A 10% decrease in assumed mortality rates equals improvement of life expectancy by 0.5 - 1 year.