XML 84 R53.htm IDEA: XBRL DOCUMENT
v3.22.4

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Debt [Abstract] |
Debt - Long-term debt [Text Block] | Philips Group Long-term debt in millions of EUR unless otherwise stated
| 2022
--- | ---
| amount outstanding | 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 | 1,378 |  | 1,378 | 250 | 1,128 | 14.3 | 6.3%
EUR bonds | 4,061 |  | 4,061 | 1,836 | 2,225 | 5.7 | 1.7%
Forward contracts | 858 | 606 | 252 | 252 |  | 1.0 |
Lease liabilities | 1,082 | 230 | 852 | 504 | 348 | 3.9 | 2.4%
Bank borrowings | 705 | 2 | 702 | 702 |  | 1.9 | 1.7%
Other long-term debt | 28 | 4 | 24 | 17 | 6 | 8.9 | 2.9%
Long-term debt | 8,111 | 842 | 7,270 | 3,562 | 3,706 | 6.1 | 2.4%
Philips Group Long-term debt in millions of EUR unless otherwise stated
| 2021
--- | ---
| amount outstanding | 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 liabilities | 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%
Debt - Unsecured Bonds [Text Block] | Philips Group Unsecured Bonds in millions of EUR unless otherwise stated
| effective rate | 2021 | 2022
--- | --- | --- | ---
Unsecured EUR Bonds |  |  |
Due 06/09/2023; 1/2% | 0.634% | 500 |
Due 02/05/2024; 3/4% | 0.861% | 500 |
Due 22/05/2026; 1/2% | 0.608% | 750 | 750
Due 02/05/2028; 1 3/8% | 1.523% | 500 | 500
Due 30/03/2025; 1 3/8% | 1.509% | 500 | 346
Due 30/03/2030; 2% | 2.128% | 500 | 500
Due 05/05/2027; 1 7/8% | 2.049% |  | 750
Due 05/11/2029; 2 1/8% | 2.441% |  | 650
Due 05/05/2033; 2 5/8% | 2.710% |  | 600
Unsecured USD Bonds |  |  |
Due 15/05/2025; 7 3/4% | 7.429% | 56 | 51
Due 01/06/2026; 7 1/5% | 6.885% | 120 | 119
Due 15/05/2025; 7 1/8% | 6.794% | 74 | 78
Due 11/03/2038; 6 7/8% | 7.210% | 641 | 683
Due 15/03/2042; 5% | 5.273% | 441 | 470
Adjustments1) |  | (37) | (57)
Unsecured Bonds |  | 4,545 | 5,439
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
| 2021 | 2022
--- | --- | ---
| 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 | 280 | 22 | 257 | 251 | 21 | 230
Between one and five years | 636 | 56 | 580 | 554 | 49 | 505
More than five years | 417 | 34 | 383 | 376 | 28 | 348
Lease liabilities | 1,333 | 113 | 1,220 | 1,180 | 98 | 1,082
Debt - Short-term debt [Text Block] | Philips Group Short-term debt in millions of EUR
| 2021 | 2022
--- | --- | ---
Short-term bank borrowings | 47 | 89
Current portion of long-term debt | 459 | 842
Short-term debt | 506 | 931

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

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

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

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

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