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Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Debt [Abstract] |
Debt - Long-term debt [Text Block] | Philips Group Long-term debt in millions of EUR unless otherwise stated
| amount outstanding in 2021 | 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 | 1,313 |  | 1,313 | 255 | 1,058 | 15.1 | 6.3%
EUR bonds | 3,233 |  | 3,233 | 2,242 | 991 | 4.4 | 1.0%
Forward contracts | 934 | 196 | 738 | 738 |  | 1.6 |
Lease liability | 1,220 | 257 | 963 | 580 | 383 | 4.2 | 2.1%
Bank borrowings | 203 | 1 | 202 | 202 |  | 3.2 | 0.1%
Other long-term debt | 30 | 5 | 26 | 18 | 8 | 8.6 | 3.5%
Long-term debt | 6,933 | 459 | 6,473 | 4,034 | 2,439 | 6.0 | 2.1%
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 |  |  |  | 1.0 | 0.0%
Long-term debt | 6,857 | 1,153 | 5,705 | 2,329 | 3,376 | 6.3 | 2.0%
Debt - Unsecured Bonds [Text Block] | Philips Group Unsecured Bonds in millions of EUR unless otherwise stated
| effective rate | 2020 | 2021
--- | --- | --- | ---
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 | 500
Due 30/03/2030; 2% | 2.128% | 500 | 500
Unsecured USD Bonds |  |  |
Due 5/15/2025; 7 3/4% | 7.429% | 51 | 56
Due 6/01/2026; 7 1/5% | 6.885% | 111 | 120
Due 5/15/2025; 7 1/8% | 6.794% | 68 | 74
Due 11/03/2038; 6 7/8% | 7.210% | 591 | 641
Due 3/15/2042; 5% | 5.273% | 407 | 441
Adjustments1) |  | (39) | (37)
Unsecured Bonds |  | 4,439 | 4,545
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
| 2020 | 2021
--- | --- | ---
| 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 | 290 | 23 | 267 | 280 | 22 | 257
Between one and five years | 651 | 55 | 596 | 636 | 56 | 580
More than five years | 384 | 31 | 352 | 417 | 34 | 383
Lease liability | 1,325 | 109 | 1,216 | 1,333 | 113 | 1,220
Debt - Short-term debt [Text Block] | Philips Group Short-term debt in millions of EUR
| 2020 | 2021
--- | --- | ---
Short-term bank borrowings | 76 | 47
Current portion of long-term debt | 1,153 | 459
Short-term debt | 1,229 | 506

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