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Post-employment benefits (Tables)
 12 Months Ended
Dec. 31, 2022
Post-employment benefits [Abstract]  
Post-employment benefits - Post-employment benefits [Text Block]

Philips Group

Post-employment benefits

in millions of EUR

 GermanyUnited StatesOther CountriesTotal
 20212022202120222021202220212022
Present value of funded DBO(606)(489)(558)(440)(206)(179)(1,370)(1,108)
Present value of unfunded DBO(316)(249)(149)(128)(135)(136)(600)(513)
Total present value of DBO(921)(738)(708)(568)(341)(315)(1,970)(1,621)
Fair value of plan assets5724776234741851711,3801,122
Net position(349)(261)(84)(94)(157)(144)(590)(499)
         
Value of reimbursement rights     6 6
Post-employment benefits - Classification net position [Text Block]

Philips Group

Classification net position

in millions of EUR

 GermanyUnited StatesOther Countries  Total 
 20212022202120222021202220212022
Total asset for plans in a surplus396534146946
Total liability for plans in a deficit(352)(270)(149)(128)(157)(148)(659)(546)
Provisions for post-employment benefit plans under AHFS     
Net position(349)(261)(84)(94)(157)(144)(590)(499)
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

 202020212022
Defined benefit plans743650
- included in income from operations592839
- included in financial expense13810
- included in Discontinued operations11
Defined contribution plans366375400
- included in income from operations358368400
- included in Discontinued operations87
Post-employment benefits costs440411449
Post-employment benefits - Defined benefit obligations [Text Block]

Philips Group

Defined benefit obligations

in millions of EUR

 20212022
Balance as of January 12,1531,970
Service cost3632
Interest cost3336
Employee contributions74
Actuarial (gains) / losses  
- demographic assumptions32
- financial assumptions(86)(366)
- experience adjustment(6)12
(Negative) past service cost(5)16
Settlements(90)
Benefits paid from plan(95)(95)
Benefits paid directly by employer(33)(41)
Translation differences and other5252
Balance as of December 311,9701,621
Post-employment benefits - Plan assets [Text Block]

Philips Group

Plan assets

in millions of EUR

 20212022
Balance as of January 11,4031,380
Interest income on plan assets2526
Admin expenses paid(1)(1)
Return on plan assets excluding interest income44(254)
Employee contributions74
Employer contributions3317
Settlements(86)0
Benefits paid from plan(96)(95)
Translation differences and other5045
Balance as of December 311,3801,122
Post-employment benefits - Plan assets allocation [Text Block]

Philips Group

Plan assets allocation

in millions of EUR

 20212022
Assets quoted in active markets  
- Debt securities790560
- Equity securities  
- Other195203
   
Assets not quoted in active markets  
- Debt securities1
- Equity securities122101
- Other272258
Total assets1,3801,122
Post-employment benefits - Assumptions used for defined benefit obligations in Germany, the United States and the rest of the world [Text Block]

Philips Group

Assumptions used for defined benefit obligations in Germany, the United States and the rest of the world

in %

 GermanyUnited StatesOther CountriesTotal
 20212022202120222021202220212022
Discount rate1.1%4.1%2.6%5.2%2.1%4.9%1.8%4.7%
Inflation rate1.8%2.0%2.2%2.3%2.0%2.6%2.0%2.2%
Salary increase2.5%2.8%0.0%0.0%2.9%3.3%2.6%2.9%
Post-employment benefits - Sensitivity of key assumptions [Text Block]

Philips Group

Sensitivity of key assumptions

in millions of EUR

 20212022
Increase  
Discount rate (1% movement)(196)(122)
Pension increase (1% movement)9957
Salary increase (1% movement)1912
Longevity1)4832
Decrease  
Discount rate (1% movement)241145
Pension increase (1% movement)(83)(49)
Salary increase (1% movement)(18)(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.