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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

 GermanyUnited StatesOther CountriesTotal
 20202021202020212020202120202021
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 assets5435726136232471851,4031,380
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

 GermanyUnited StatesOther Countries  Total 
 20202021202020212020202120202021
Total asset for plans in a surplus 34665 14669
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

 201920202021
Defined-benefit plans567436
- included in income from operations325928
- included in financial expense22138
- included in Discontinued operations111
Defined-contribution plans346366375
- included in income from operations338358368
- included in Discontinued operations887
Post-employment benefits costs401440411
Post-employment benefits - Defined-benefit obligations [Text Block]

Philips Group

Defined-benefit obligations

in millions of EUR

 20202021
Balance as of January 13,3502,153
Service cost3936
Interest cost7133
Employee contributions157
Actuarial (gains) / losses  
- demographic assumptions163
- financial assumptions163(86)
- experience adjustment39(6)
(Negative) past service cost2(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 312,1531,970
Post-employment benefits - Plan assets [Text Block]

Philips Group

Plan assets

in millions of EUR

 20202021
Balance as of January 12,5261,403
Interest income on plan assets5825
Admin expenses paid(1)(1)
Return on plan assets excluding interest income26844
Employee contributions157
Employer contributions3433
Settlements(1,205)(86)
Benefits paid from plan(221)(96)
Translation differences and other(71)50
Balance as of December 311,4031,380
Post-employment benefits - Plan assets allocation [Text Block]

Philips Group

Plan assets allocation

in millions of EUR

 20202021
Assets quoted in active markets  
- Debt securities782790
- Equity securities  
- Other175195
   
Assets not quoted in active markets  
- Debt securities71
- Equity securities133122
- Other307272
Total assets1,4031,380
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 %

 GermanyUnited StatesOther CountriesTotal
 20202021202020212020202120202021
Discount rate0.6%1.1%2.3%2.6%2.2%2.1%1.5%1.8%
Inflation rate1.6%1.8%2.0%2.2%1.7%2.0%1.7%2.0%
Salary increase2.5%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

 20202021
Increase  
Discount rate (1% movement)(226)(196)
Inflation rate (1% movement)8699
Salary increase (1% movement)1619
Longevity1)5148
Decrease  
Discount rate (1% movement)265241
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.