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Consolidated statements of cash flows - EUR (€)
€ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Consolidated statements of cash flows [Abstract]      
Profit (loss) € (463) [1] € (1,605) [2] € 3,323 [2]
Cash flows from operating activities - Results of discontinued operations, net of income tax (10) [2] 13 [2] 2,711 [1]
Cash flows from operating activities - Depreciation, amortization, and impairment of assets 1,261 1,602 1,323
Cash flows from operating activities - Impairment of goodwill 8 1,357 15
Cash flows from operating activities - Share-based compensation 88 95 108
Cash flows from operating activities - Net loss (gain) on sale of assets (71) (115) 55
Cash flows from operating activities - Interest income 46 25 18
Cash flows from operating activities - Interest expense on debt, borrowings, and other liabilities 255 226 152
Cash flows from operating activities - Investments in associates, net of income taxes (107) (112) (4)
Cash flows from operating activities - Income taxes (71) (113) (103)
Cash flows from operating activities - Decrease (increase) in working capital (913) 862 401
Cash flows from operating activities - Decrease (increase) in receivables and other current assets 298 (342) (39)
Cash flows from operating activities - Decrease (Increase) in inventories 257 (572) (581)
Cash flows from operating activities - Increase (decrease) in accounts payable, accrued and other current liabilities 358 52 219
Cash flows from operating activities - Decrease (increase) in non-current receivables and other assets 33 (1) 46
Cash flows from operating activities - Increase (decrease) in other liabilities (38) (84) 33
Cash flows from operating activities - Increase (decrease) in provisions 422 (199) 427
Cash flows from operating activities - Other items 129 (39) (164)
Cash flows from operating activities - Interest received 53 15 17
Cash flows from operating activities - Interest paid 250 205 151
Cash flows from operating activities - Dividends received from investments in associates 13 12 14
Cash flows from operating activities - Income taxes paid 152 333 249
Net cash provided by (used for) operating activities 2,136 (173) 1,629
Cash flows from investing activities - Net capital expenditures 554 788 729
Cash flows from investing activities - Purchase of intangible assets 96 105 107
Cash flows from investing activities - Expenditures on development assets 203 257 259
Cash flows from investing activities - Capital expenditures on property, plant and equipment 345 444 397
Cash flows from investing activities - Proceeds from sales of property, plant and equipment 90 18 33
Cash flows from investing activities - Net proceeds from (cash used for) derivatives and current financial assets (46) (72) 48
Cash flows from investing activities - Purchase of other non-current financial assets 92 116 124
Cash flows from investing activities - Proceeds from other non-current financial assets 48 78 124
Cash flows from investing activities - Purchase of businesses, net of cash acquired 73 712 3,098
Cash flows from investing activities - Net proceeds from sale of interests in businesses, net of cash disposed 80 124 107
Net cash provided by (used for) for investing activities (636) (1,487) (3,672)
Cash flows from financing activities - Proceeds from issuance (payments on) short-term debt 29 47 (25)
Cash flows from financing activities - Principal payments on current portion of long-term debt 754 1,472 302
Cash flows from financing activities - Proceeds from issuance of long-term debt 544 2,516 76
Cash flows from financing activities - Re-issuance of treasury shares   12 23
Cash flows from financing activities - Purchase of treasury shares 662 187 1,636
Cash flows from financing activities - Dividends paid to shareholders of Koninklijke Philips N.V 2 412 482
Cash flows from financing activities - Dividends paid to shareholders of non-controlling interests 3 6 2
Net cash provided by (used for) financing activities (848) 500 (2,347)
Net cash provided by (used for) continuing operations 652 (1,160) (4,390)
Net cash provided by (used for) discontinued operations 123 (12) 3,403
Net cash provided by (used for) continuing and discontinued operations 776 (1,172) (986)
Effect of changes in exchange rates on cash and cash equivalents (79) 41 65
Cash and cash equivalents at the beginning of the period 1,172 2,303 3,226
Cash and cash equivalents at the end of the period € 1,869 € 1,172 € 2,303
[1] Shareholders in this table refers to shareholders of Koninklijke Philips N.V. Per share calculations have been adjusted retrospectively for all periods presented to reflect the issuance of shares for the share dividend in respect of 2022.
[2] Shareholders in this table refers to shareholders of Koninklijke Philips N.V. Per share calculations have been adjusted retrospectively for all periods presented to reflect the issuance of shares for the share dividend in respect of 2022.