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Details of treasury and other financial risks (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Details of treasury and other financial risks [Abstract] |
Details of treasury and other financial risks - Contractual cash obligations [Text Block] | Philips Group Contractual cash obligations1)2) in millions of EUR
|  | payments due by period
--- | --- | ---
| total | less than 1 year | 1-3 years | 3-5 years | after 5 years
Long-term debt3) | 7,233 | 246 | 1,995 | 1,924 | 3,068
Lease obligations | 1,333 | 280 | 397 | 238 | 417
Short-term debt | 47 | 47 |  |  |
Derivative liabilities | 208 | 87 | 121 |  |
Purchase obligations4) | 654 | 237 | 305 | 99 | 12
Trade and other payables | 1,872 | 1,872 |  |  |
Contractual cash obligations | 11,347 | 2,768 | 2,819 | 2,261 | 3,498
1)Amounts in this table are undiscounted 2)This table excludes post-employment benefit plan contribution commitments and income tax liabilities in respect of tax risks because it is not possible to make a reasonably reliable estimate of the actual period of cash settlement.3)Long-term debt includes interest and the current portion of long-term debt and excludes lease obligations.4)Purchase obligations are agreements to purchase goods or services that are enforceable and legally binding for the Group. They specify all significant terms, including fixed or minimum quantities to be purchased, fixed, minimum or variable price provisions and the approximate timing of the transaction. They do not include open purchase orders or other commitments which do not specify all significant terms.
Details of treasury and other financial risks - Lease - minimum payments under sale-and-leaseback arrangements [Text Block] | Philips Group Lease - minimum payments under sale-and-leaseback arrangements in millions of EUR
2022 | 72
2023 | 51
2024 | 33
2025 | 17
2026 | 8
Thereafter | 21
Details of treasury and other financial risks - Estimated transaction exposure and related hedges [Text Block] | Philips Group Estimated transaction exposure and related hedges in millions of EUR
| Sales/Receivables | Purchases/Payable
--- | --- | ---
| exposure | hedges | exposure | hedges
Balance as of December 31, 2021 |  |  |  |
Exposure currency |  |  |  |
USD | 2,168 | (1,614) | (1,030) | 958
JPY | 665 | (306) | (11) | 10
GBP | 338 | (179) | (11) | 11
CNY | 624 | (433) | (83) | 71
CAD | 338 | (173) |  |
PLN | 70 | (31) |  |
AUD | 240 | (122) |  |
CHF | 124 | (57) | (2) | 2
CZK | 63 | (29) |  |
SEK | 71 | (30) | (1) | 1
RUB | 125 | (113) | (2) | 2
Others | 306 | (275) | (419) | 267
Total 2021 | 5,131 | (3,363) | (1,559) | 1,322
Total 2020 | 4,707 | (3,150) | (1,488) | 1,267
Details of treasury and other financial risks - Estimated impact of 10% increase of value of the EUR on the fair value of hedges [Text Block] | Philips Group Estimated impact of 10% increase of value of the EUR on the fair value of hedges in millions of EUR
| 2020 | 2021
--- | --- | ---
USD | 71 | 78
JPY | 17 | 13
GBP | 15 | 14
CHF | 6 | 5
PLN | 8 | 3
RUB | 8 | 10
Details of treasury and other financial risks - Net debt and interest rate sensitivity [Text Block] | Philips Group Net debt1) and interest rate sensitivity in millions of EUR
| 2020 | 2021
--- | --- | ---
Impact 1% interest increase on the fair value of the fixed-rate long-term debt2)3) | (345) | (297)
Impact 1% interest decrease on the fair value of the fixed-rate long-term debt2)3) | 346 | 298
Impact 1% interest increase on the annualized net interest expense4) | 28 | 20
1)The definition of this non-IFRS measure and a reconciliation to the IFRS measure is included in Equity 2)The sensitivity analysis conducted shows that if long-term interest rates were to increase/decrease instantaneously by 1% from their level of December 31, 2021, with all other variables (including foreign exchange rates) held constant.3)Fixed-rate long-term debt is excluding forward contracts.4)The impact is based on the outstanding net cash position (after excluding fixed-rate debt) at December 31, 2021.
Details of treasury and other financial risks - Credit risk with number of counterparties [Text Block] | Philips Group Credit risk with number of counterparties for deposits above EUR 10 million
| 10-100 million | 100-500 million | 500 million and above
--- | --- | --- | ---
AA- rated bank counterparties | 1 |  |
A+ rated bank counterparties | 1 | 4 |
A rated bank counterparties | 1 | 1 |
A- rated bank counterparties | 1 | 2 |
| 4 | 7 |

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