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Share-based compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Share-based compensation [Abstract] |
Share-based compensation - Performance shares [Text Block] | Philips Group Performance shares
| 2022 | 2023
--- | --- | ---
| shares | weighted average grant-date fair value | shares | weighted average grant-date fair value
EUR-denominated |  |  |  |
Outstanding as of January 1 | 3,097,713 | 45.28 | 4,385,837 | 33.13
Granted | 2,323,435 | 20.55 | 2,299,280 | 23.65
Notional dividends1) | 155,067 | 33.91 | 240,977 | 27.15
Vested/Issued | (434,329) | 40.90 | (154,987) | 44.08
Forfeited | (233,556) | 38.67 | (489,295) | 27.05
Adjusted quantity2) | (522,493) | 40.48 | (889,777) | 44.27
Outstanding as of December 31 | 4,385,837 | 33.13 | 5,392,035 | 27.22
USD-denominated |  |  |  |
Outstanding as of January 1 | 2,005,000 | 51.48 | 2,749,983 | 36.66
Granted | 1,530,585 | 21.93 | 1,667,812 | 25.96
Notional dividends1) | 98,883 | 37.15 | 152,750 | 29.78
Vested/Issued | (248,848) | 45.23 | (121,760) | 48.33
Forfeited | (309,570) | 44.04 | (596,846) | 28.95
Adjusted quantity2) | (326,066) | 45.26 | (590,890) | 48.28
Outstanding as of December 31 | 2,749,983 | 36.66 | 3,261,048 | 29.73
1)Dividend declared in 2023 on outstanding shares.2)Adjusted quantity includes the adjustments made to Performance shares outstanding due to updates on the actual TSR, EPS, and SDG.
Share-based compensation - Restricted shares [Text Block] | Philips Group Restricted shares
| 2022 | 2023
--- | --- | ---
| shares | weighted average grant-date fair value | shares | weighted average grant-date fair value
EUR-denominated |  |  |  |
Outstanding as of January 1 | 1,618,488 | 39.93 | 2,321,250 | 30.73
Granted | 1,349,003 | 22.03 | 1,471,975 | 16.35
Notional dividends1) | 81,500 | 35.67 | 135,791 | 27.98
Vested/Issued | (540,930) | 35.82 | (595,796) | 35.07
Forfeited | (186,811) | 35.06 | (337,968) | 24.46
Outstanding as of December 31 | 2,321,250 | 30.73 | 2,995,252 | 23.39
USD-denominated |  |  |  |
Outstanding as of January 1 | 1,611,021 | 46.26 | 2,345,263 | 33.87
Granted | 1,463,855 | 23.60 | 1,284,761 | 17.72
Notional dividends1) | 83,151 | 39.37 | 126,498 | 31.12
Vested/Issued | (541,336) | 41.48 | (679,430) | 37.83
Forfeited | (271,427) | 38.51 | (422,899) | 26.79
Outstanding as of December 31 | 2,345,263 | 33.87 | 2,654,193 | 26.04
1)Dividend declared in 2023 on outstanding shares.
Share-based compensation - Black-Scholes-Merton option pricing model inputs [Text Block] | Philips Group Black-Scholes-Merton option pricing model inputs
| EUR-denominated listed share | USD-denominated listed share
--- | --- | ---
Share price at grant date | EUR 18.24 | USD 21.12
Exercise price | EUR 22.16 | USD 24.42
Risk-free interest rate | 2.37% | 3.5%
Expected dividend yield | 4.45% | 4.45%
Expected option life | 6 years | 6 years
Expected share price volatility | 30.47% | 32.31%
Share-based compensation - Options on EUR-denominated listed share [Text Block] | Philips Group Options on EUR-denominated listed share
| options | weighted average exercise price
--- | --- | ---
Granted on April 28, 2023 | 3,831,000 | 22.16
Forfeited | (171,000) | 22.16
Outstanding as of December 31, 2023 | 3,660,000 | 22.16
Share-based compensation - Options on USD-denominated listed share [Text Block] | Philips Group Options on USD-denominated listed share
| options | weighted average exercise price
--- | --- | ---
Granted on April 28, 2023 | 2,179,500 | 24.42
Forfeited | (250,500) | 24.42
Outstanding as of December 31, 2023 | 1,929,000 | 24.42
Share-based compensation - Outstanding options [Text Block] | Philips Group Outstanding options in millions of EUR unless otherwise stated
| number of options | intrinsic value | weighted average remaining contractual term in years
--- | --- | --- | ---
EUR-denominated |  |  |
20-25 | 3,660,000 | 0 | 9.3
Outstanding options | 3,660,000 | 0 | 9.3
USD-denominated |  |  |
20-25 | 1,929,000 | 0 | 9.3
Outstanding options | 1,929,000 | 0 | 9.3

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