Details of treasury and other financial risks (Tables)

12 Months Ended

Dec. 31, 2020

Details of treasury and other financial risks [Abstract]

Details of treasury and other financial risks - Contractual cash obligations [Text Block]

Philips Group

Contractual cash obligations¹⁾²⁾

in millions of EUR

		payments due by period
	total	less than 1 year	1-3 years	3-5 years	after 5 years
Long-term debt³⁾	7,430	1,015	876	1,365	4,174
Lease obligations	1,325	290	412	239	384
Short-term debt	76	76
Derivative liabilities	161	75	86
Purchase obligations⁴⁾	539	273	223	43
Trade and other payables	2,119	2,119
Contractual cash obligations	11,650	3,848	1,597	1,647	4,558

¹⁾Amounts in this table are undiscounted²⁾This table excludes post-employment benefit plan contribution commitments and income tax liabilities in respect of tax risks because it is not possible to make a reasonably reliable estimate of the actual period of cash settlement.³⁾Long-term debt includes interest and the current portion of long-term debt and excludes lease obligations.⁴⁾Purchase obligations are agreements to purchase goods or services that are enforceable and legally binding for the Group. They specify all significant terms, including fixed or minimum quantities to be purchased, fixed, minimum or variable price provisions and the approximate timing of the transaction. They do not include open purchase orders or other commitments which do not specify all significant terms.

Details of treasury and other financial risks - Lease - minimum payments under sale-and-leaseback arrangements [Text Block]

Philips Group

Lease - minimum payments under sale-and-leaseback arrangements

in millions of EUR


2021	85
2022	65
2023	44
2024	27
2025	11
Thereafter	18

Details of treasury and other financial risks - Estimated transaction exposure and related hedges [Text Block]

Philips Group

Estimated transaction exposure and related hedges

in millions of EUR

	Sales/Receivables		Purchases/Payable
	exposure	hedges	exposure	hedges
Balance as of December 31, 2020
Exposure currency
USD	1,915	(1,356)	(900)	799
JPY	689	(372)	(9)	9
GBP	304	(180)	(11)	11
CNY	438	(290)	(146)	145
CAD	256	(156)
PLN	155	(92)
AUD	229	(130)
CHF	124	(68)	(10)	10
CZK	67	(42)
SEK	88	(53)	(1)	1
RUB	87	(87)
Others	355	(323)	(412)	293
Total 2020	4,707	(3,149)	(1,489)	1,268
Total 2019	5,233	(3,292)	(1,606)	1,244

Details of treasury and other financial risks - Estimated impact of 10% increase of value of the EUR on the fair value of hedges [Text Block]

Philips Group

Estimated impact of 10% increase of value of the EUR on the fair value of hedges

in millions of EUR

	2019	2020
USD	85	71
JPY	19	17
GBP	14	15
CHF	5	6
PLN	9	8
RUB	3	8

Details of treasury and other financial risks - Net debt and interest rate sensitivity [Text Block]

Philips Group

Net debt¹⁾ and interest rate sensitivity

in millions of EUR

	2019	2020
Impact 1% interest increase on the fair value of the fixed-rate long-term debt²⁾³⁾	(300)	(345)
Impact 1% interest decrease on the fair value of the fixed-rate long-term debt²⁾³⁾	301	346
Impact 1% interest increase on the annualized net interest expense⁴⁾	11	28

¹⁾The definition of this non-IFRS measure and a reconciliation to the IFRS measure is included in Equity²⁾The sensitivity analysis conducted shows that if long-term interest rates were to increase/decrease instantaneously by 1% from their level of December 31st, 2020, with all other variables (including foreign exchange rates) held constant.³⁾Fixed-rate long-term debt is excluding forward contracts.⁴⁾The impact is based on the outstanding net cash position (after excluding fixed-rate debt) at December 31, 2020.

Details of treasury and other financial risks - Credit risk with number of counterparties [Text Block]

Philips Group

Credit risk with number of counterparties

for deposits above EUR 10 million

	10-100 million	100-500 million	500 million and above
AA- rated bank counterparties
A+ rated bank counterparties	2	3	1
A rated bank counterparties	1		1
A- rated bank counterparties		3
	3	6	2