XML 86 R57.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Post-employment benefits (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Post-employment benefits [Abstract] |
Post-employment benefits - Post-employment benefits [Text Block] | Philips Group Post-employment benefits in millions of EUR
| Germany | United States | Other Countries | Total
--- | --- | --- | --- | ---
| 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021
Present value of funded DBO | (649) | (606) | (568) | (558) | (304) | (206) | (1,521) | (1,370)
Present value of unfunded DBO | (344) | (316) | (141) | (149) | (147) | (135) | (633) | (600)
Total present value of DBO | (993) | (921) | (709) | (708) | (451) | (341) | (2,153) | (1,970)
Fair value of plan assets | 543 | 572 | 613 | 623 | 247 | 185 | 1,403 | 1,380
Net position | (450) | (349) | (95) | (84) | (205) | (157) | (750) | (590)
Post-employment benefits - Classification net position [Text Block] | Philips Group Classification net position in millions of EUR
| Germany | United States | Other Countries | Total
--- | --- | --- | --- | ---
| 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021
Total asset for plans in a surplus |  | 3 | 46 | 65 |  | 1 | 46 | 69
Total liability for plans in a deficit | (450) | (352) | (141) | (149) | (205) | (157) | (797) | (659)
Provisions for post-employment benefit plans under AHFS |  |  |  |  |  | - |  | -
Net position | (450) | (349) | (95) | (84) | (205) | (157) | (750) | (590)
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
| 2019 | 2020 | 2021
--- | --- | --- | ---
Defined-benefit plans | 56 | 74 | 36
- included in income from operations | 32 | 59 | 28
- included in financial expense | 22 | 13 | 8
- included in Discontinued operations | 1 | 1 | 1
Defined-contribution plans | 346 | 366 | 375
- included in income from operations | 338 | 358 | 368
- included in Discontinued operations | 8 | 8 | 7
Post-employment benefits costs | 401 | 440 | 411
Post-employment benefits - Defined-benefit obligations [Text Block] | Philips Group Defined-benefit obligations in millions of EUR
| 2020 | 2021
--- | --- | ---
Balance as of January 1 | 3,350 | 2,153
Service cost | 39 | 36
Interest cost | 71 | 33
Employee contributions | 15 | 7
Actuarial (gains) / losses |  |
- demographic assumptions | 16 | 3
- financial assumptions | 163 | (86)
- experience adjustment | 39 | (6)
(Negative) past service cost | 2 | (5)
Settlements | (1,185) | (90)
Benefits paid from plan | (221) | (95)
Benefits paid directly by employer | (35) | (33)
Translation differences and other | (100) | 52
Balance as of December 31 | 2,153 | 1,970
Post-employment benefits - Plan assets [Text Block] | Philips Group Plan assets in millions of EUR
| 2020 | 2021
--- | --- | ---
Balance as of January 1 | 2,526 | 1,403
Interest income on plan assets | 58 | 25
Admin expenses paid | (1) | (1)
Return on plan assets excluding interest income | 268 | 44
Employee contributions | 15 | 7
Employer contributions | 34 | 33
Settlements | (1,205) | (86)
Benefits paid from plan | (221) | (96)
Translation differences and other | (71) | 50
Balance as of December 31 | 1,403 | 1,380
Post-employment benefits - Plan assets allocation [Text Block] | Philips Group Plan assets allocation in millions of EUR
| 2020 | 2021
--- | --- | ---
Assets quoted in active markets |  |
- Debt securities | 782 | 790
- Equity securities |  |
- Other | 175 | 195
Assets not quoted in active markets |  |
- Debt securities | 7 | 1
- Equity securities | 133 | 122
- Other | 307 | 272
Total assets | 1,403 | 1,380
Post-employment benefits - Assumptions used for defined-benefit obligations in Germany, the United States and the rest of the world [Text Block] | Philips Group Assumptions used for defined-benefit obligations in Germany, the United States and the rest of the world in %
| Germany | United States | Other Countries | Total
--- | --- | --- | --- | ---
| 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021
Discount rate | 0.6% | 1.1% | 2.3% | 2.6% | 2.2% | 2.1% | 1.5% | 1.8%
Inflation rate | 1.6% | 1.8% | 2.0% | 2.2% | 1.7% | 2.0% | 1.7% | 2.0%
Salary increase | 2.5% | 2.5% | 0.0% | 0.0% | 2.7% | 2.9% | 2.5% | 2.6%
Post-employment benefits - Sensitivity of key assumptions [Text Block] | Philips Group Sensitivity of key assumptions in millions of EUR
| 2020 | 2021
--- | --- | ---
Increase |  |
Discount rate (1% movement) | (226) | (196)
Inflation rate (1% movement) | 86 | 99
Salary increase (1% movement) | 16 | 19
Longevity1) | 51 | 48
Decrease |  |
Discount rate (1% movement) | 265 | 241
Inflation rate (1% movement) | (78) | (83)
Salary increase (1% movement) | (19) | (18)
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.

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

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

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

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

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

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

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

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

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