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Post-employment benefits (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
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
--- | --- | --- | --- | ---
| 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023
Present value of funded DBO | (489) | (511) | (440) | (404) | (179) | (182) | (1,108) | (1,097)
Present value of unfunded DBO | (249) | (253) | (128) | (118) | (136) | (137) | (513) | (508)
Total present value of DBO | (738) | (764) | (568) | (522) | (315) | (319) | (1,621) | (1,605)
Fair value of plan assets | 477 | 481 | 474 | 442 | 171 | 166 | 1,122 | 1,089
Net position | (261) | (283) | (94) | (80) | (144) | (153) | (499) | (516)
Value of reimbursement rights |  |  |  |  | 6 | 8 | 6 | 8
Post-employment benefits - Classification net position [Text Block] | Philips Group Classification net position in millions of EUR
| Germany | United States | Other Countries | Total
--- | --- | --- | --- | ---
| 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023
Total asset for plans in a surplus | 9 | - | 34 | 39 | 4 | 2 | 46 | 41
Total liability for plans in a deficit | (270) | (283) | (128) | (118) | (148) | (156) | (546) | (558)
Provisions for post-employment benefit plans under AHFS |  |  |  |  |  |  |  |
Net position | (261) | (283) | (94) | (80) | (144) | (153) | (499) | (516)
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
| 2021 | 2022 | 2023
--- | --- | --- | ---
Defined benefit plans | 36 | 50 | 47
- included in income from operations | 28 | 39 | 25
- included in financial expense | 8 | 10 | 21
- included in Discontinued operations | 1 |  |
Defined contribution plans | 375 | 400 | 376
- included in income from operations | 368 | 400 | 376
- included in Discontinued operations | 7 |  |
Post-employment benefits costs | 411 | 449 | 423
Post-employment benefits - Defined benefit obligations [Text Block] | Philips Group Defined benefit obligations in millions of EUR
| 2022 | 2023
--- | --- | ---
Balance as of January 1 | 1,970 | 1,621
Service cost | 32 | 32
Interest cost | 36 | 71
Employee contributions | 4 | 3
Actuarial (gains) / losses |  |
- demographic assumptions | 2 |
- financial assumptions | (366) | 48
- experience adjustment | 12 | 2
(Negative) past service cost | 16 | (9)
Settlements | - | 2
Benefits paid from plan | (95) | (104)
Benefits paid directly by employer | (41) | (39)
Translation differences and other | 52 | (22)
Balance as of December 31 | 1,621 | 1,605
Post-employment benefits - Plan assets [Text Block] | Philips Group Plan assets in millions of EUR
| 2022 | 2023
--- | --- | ---
Balance as of January 1 | 1,380 | 1,122
Interest income on plan assets | 26 | 49
Admin expenses paid | (1) | (1)
Return on plan assets excluding interest income | (254) | 23
Employee contributions | 4 | 3
Employer contributions | 17 | 14
Settlements |  |
Benefits paid from plan | (95) | (104)
Translation differences and other | 45 | (17)
Balance as of December 31 | 1,122 | 1,089
Post-employment benefits - Plan assets allocation [Text Block] | Philips Group Plan assets allocation in millions of EUR
| 2022 | 2023
--- | --- | ---
Assets quoted in active markets |  |
- Debt securities | 560 | 513
- Equity securities |  |
- Other | 203 | 182
Assets not quoted in active markets |  |
- Debt securities |  |
- Equity securities | 101 | 31
- Other | 258 | 363
Total assets | 1,122 | 1,089
Post-employment benefits - Assumptions used for defined benefit obligations [Text Block] | Philips Group Assumptions used for defined benefit obligations in %
| Germany | United States | Other Countries | Total
--- | --- | --- | --- | ---
| 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023
Discount rate | 4.1% | 3.7% | 5.2% | 5.0% | 4.9% | 4.9% | 4.7% | 4.3%
Inflation rate | 2.0% | 2.0% | 2.3% | 2.3% | 2.6% | 2.5% | 2.2% | 2.2%
Salary increase | 2.8% | 2.8% | 0.0% | 0.0% | 3.3% | 4.3% | 2.9% | 3.0%
Post-employment benefits - Sensitivity of key assumptions [Text Block] | Philips Group Sensitivity of key assumptions in millions of EUR
| 2022 | 2023
--- | --- | ---
Increase |  |
Discount rate (1% movement) | (122) | (123)
Pension increase (1% movement) | 57 | 60
Salary increase (1% movement) | 12 | 12
Longevity1) | 32 | 32
Decrease |  |
Discount rate (1% movement) | 145 | 147
Pension increase (1% movement) | (49) | (52)
Salary increase (1% movement) | (11) | (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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