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Goodwill (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Goodwill [Abstract] |
Goodwill - Goodwill [Text Block] | Philips Group Goodwill in millions of EUR
| 2022 | 2023
--- | --- | ---
Balance as of January 1 |  |
Cost | 11,793 | 12,747
Impairments | (1,156) | (2,509)
Book value | 10,637 | 10,238
Acquisitions1) | 317 | 24
Impairments | (1,357) | (8)
Divestments and transfers to assets classified as held for sale2) |  | (8)
Translation differences and other | 641 | (370)
Total change | (399) | (362)
Balance as of December 31 |  |
Cost | 12,747 | 12,133
Impairments | (2,509) | (2,256)
Book value | 10,238 | 9,876
1)Refer to Acquisitions and divestments 2)Refer to Discontinued operations and assets classified as held for sale
Goodwill - Goodwill by business [Text Block] | Philips Group Goodwill by business in millions of EUR
| 2022 | 2023
--- | --- | ---
Monitoring1) | 4,110 | 3,964
Image-Guided Therapy | 3,154 | 3,044
Precision Diagnosis | 1,429 | 1,363
Sleep & Respiratory Care | 731 | 687
Personal Health | 488 | 483
Enterprise Informatics | 327 | 336
Book value | 10,238 | 9,876
1)Monitoring includes the goodwill previously allocated to Hospital Patient Monitoring and Ambulatory Monitoring & Diagnostics as disclosed in the Annual Report 2022.
Goodwill - Key assumptions [Text Block] | Philips Group Key assumptions 2023
| compound sales growth rate |
--- | --- | ---
| initial forecast period | extrapolation period | used to calculate terminal value | pre-tax discount rates
Monitoring | 8.2% | 5.5% | 2.5% | 9.5%
Image-Guided Therapy | 7.9% | 5.2% | 2.5% | 10.7%
Precision Diagnosis | 3.8% | 3.4% | 2.5% | 10.4%
Sleep & Respiratory Care | 9.5% | 9.3% | 2.5% | 10.8%
Personal Health | 5.0% | 4.6% | 2.5% | 10.3%
Enterprise Informatics | 5.3% | 5.8% | 2.5% | 9.0%
Philips Group Key assumptions 2022
| compound sales growth rate |
--- | --- | ---
| initial forecast period | extrapolation period | used to calculate terminal value | pre-tax discount rates
Ambulatory Monitoring & Diagnostics1) | 15.4% | 9.5% | 2.5% | 8.5%
Hospital Patient Monitoring1) | 4.8% | 3.4% | 2.5% | 8.5%
Image-Guided Therapy | 8.7% | 5.0% | 2.5% | 10.6%
Sleep & Respiratory Care | 10.0% | 5.0% | 2.5% | 9.9%
1)Effective April 1, 2023, the Hospital Patient Monitoring and Ambulatory Monitoring & Diagnostics CGUs are included in the group of CGUs that comprise the Monitoring business.

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