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Post-employment benefits (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
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
--- | --- | --- | --- | ---
| 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022
Present value of funded DBO | (606) | (489) | (558) | (440) | (206) | (179) | (1,370) | (1,108)
Present value of unfunded DBO | (316) | (249) | (149) | (128) | (135) | (136) | (600) | (513)
Total present value of DBO | (921) | (738) | (708) | (568) | (341) | (315) | (1,970) | (1,621)
Fair value of plan assets | 572 | 477 | 623 | 474 | 185 | 171 | 1,380 | 1,122
Net position | (349) | (261) | (84) | (94) | (157) | (144) | (590) | (499)
Value of reimbursement rights |  |  |  |  |  | 6 |  | 6
Post-employment benefits - Classification net position [Text Block] | Philips Group Classification net position in millions of EUR
| Germany | United States | Other Countries | Total
--- | --- | --- | --- | ---
| 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022
Total asset for plans in a surplus | 3 | 9 | 65 | 34 | 1 | 4 | 69 | 46
Total liability for plans in a deficit | (352) | (270) | (149) | (128) | (157) | (148) | (659) | (546)
Provisions for post-employment benefit plans under AHFS |  |  |  |  |  |  |  |
Net position | (349) | (261) | (84) | (94) | (157) | (144) | (590) | (499)
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
| 2020 | 2021 | 2022
--- | --- | --- | ---
Defined benefit plans | 74 | 36 | 50
- included in income from operations | 59 | 28 | 39
- included in financial expense | 13 | 8 | 10
- included in Discontinued operations | 1 | 1 |
Defined contribution plans | 366 | 375 | 400
- included in income from operations | 358 | 368 | 400
- included in Discontinued operations | 8 | 7 |
Post-employment benefits costs | 440 | 411 | 449
Post-employment benefits - Defined benefit obligations [Text Block] | Philips Group Defined benefit obligations in millions of EUR
| 2021 | 2022
--- | --- | ---
Balance as of January 1 | 2,153 | 1,970
Service cost | 36 | 32
Interest cost | 33 | 36
Employee contributions | 7 | 4
Actuarial (gains) / losses |  |
- demographic assumptions | 3 | 2
- financial assumptions | (86) | (366)
- experience adjustment | (6) | 12
(Negative) past service cost | (5) | 16
Settlements | (90) |
Benefits paid from plan | (95) | (95)
Benefits paid directly by employer | (33) | (41)
Translation differences and other | 52 | 52
Balance as of December 31 | 1,970 | 1,621
Post-employment benefits - Plan assets [Text Block] | Philips Group Plan assets in millions of EUR
| 2021 | 2022
--- | --- | ---
Balance as of January 1 | 1,403 | 1,380
Interest income on plan assets | 25 | 26
Admin expenses paid | (1) | (1)
Return on plan assets excluding interest income | 44 | (254)
Employee contributions | 7 | 4
Employer contributions | 33 | 17
Settlements | (86) | 0
Benefits paid from plan | (96) | (95)
Translation differences and other | 50 | 45
Balance as of December 31 | 1,380 | 1,122
Post-employment benefits - Plan assets allocation [Text Block] | Philips Group Plan assets allocation in millions of EUR
| 2021 | 2022
--- | --- | ---
Assets quoted in active markets |  |
- Debt securities | 790 | 560
- Equity securities |  |
- Other | 195 | 203
Assets not quoted in active markets |  |
- Debt securities | 1 |
- Equity securities | 122 | 101
- Other | 272 | 258
Total assets | 1,380 | 1,122
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
--- | --- | --- | --- | ---
| 2021 | 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | 2022
Discount rate | 1.1% | 4.1% | 2.6% | 5.2% | 2.1% | 4.9% | 1.8% | 4.7%
Inflation rate | 1.8% | 2.0% | 2.2% | 2.3% | 2.0% | 2.6% | 2.0% | 2.2%
Salary increase | 2.5% | 2.8% | 0.0% | 0.0% | 2.9% | 3.3% | 2.6% | 2.9%
Post-employment benefits - Sensitivity of key assumptions [Text Block] | Philips Group Sensitivity of key assumptions in millions of EUR
| 2021 | 2022
--- | --- | ---
Increase |  |
Discount rate (1% movement) | (196) | (122)
Pension increase (1% movement) | 99 | 57
Salary increase (1% movement) | 19 | 12
Longevity1) | 48 | 32
Decrease |  |
Discount rate (1% movement) | 241 | 145
Pension increase (1% movement) | (83) | (49)
Salary increase (1% movement) | (18) | (11)
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.

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