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Post-employment benefits (Tables)
 12 Months Ended
Dec. 31, 2023
Post-employment benefits [Abstract]  
Post-employment benefits - Post-employment benefits [Text Block]

Philips Group

Post-employment benefits

in millions of EUR

 GermanyUnited StatesOther CountriesTotal
 20222023202220232022202320222023
Present value of funded DBO(489)(511)(440)(404)(179)(182)(1,108)(1,097)
Present value of unfunded DBO(249)(253)(128)(118)(136)(137)(513)(508)
Total present value of DBO(738)(764)(568)(522)(315)(319)(1,621)(1,605)
Fair value of plan assets4774814744421711661,1221,089
Net position(261)(283)(94)(80)(144)(153)(499)(516)
         
Value of reimbursement rights    6868
Post-employment benefits - Classification net position [Text Block]

Philips Group

Classification net position

in millions of EUR

 GermanyUnited StatesOther Countries  Total 
 20222023202220232022202320222023
Total asset for plans in a surplus9-3439424641
Total liability for plans in a deficit(270)(283)(128)(118)(148)(156)(546)(558)
Provisions for post-employment benefit plans under AHFS        
Net position(261)(283)(94)(80)(144)(153)(499)(516)
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

 202120222023
Defined benefit plans365047
- included in income from operations283925
- included in financial expense81021
- included in Discontinued operations1  
Defined contribution plans375400376
- included in income from operations368400376
- included in Discontinued operations7  
Post-employment benefits costs411 449423
Post-employment benefits - Defined benefit obligations [Text Block]

Philips Group

Defined benefit obligations

in millions of EUR

 20222023
Balance as of January 11,9701,621
Service cost3232
Interest cost3671
Employee contributions43
Actuarial (gains) / losses  
- demographic assumptions2 
- financial assumptions(366)48
- experience adjustment122
(Negative) past service cost16(9)
Settlements-2
Benefits paid from plan(95)(104)
Benefits paid directly by employer(41)(39)
Translation differences and other52(22)
Balance as of December 311,6211,605
Post-employment benefits - Plan assets [Text Block]

Philips Group

Plan assets

in millions of EUR

 20222023
Balance as of January 11,3801,122
Interest income on plan assets2649
Admin expenses paid(1)(1)
Return on plan assets excluding interest income(254)23
Employee contributions43
Employer contributions1714
Settlements  
Benefits paid from plan(95)(104)
Translation differences and other45(17)
Balance as of December 311,1221,089
Post-employment benefits - Plan assets allocation [Text Block]

Philips Group

Plan assets allocation

in millions of EUR

 20222023
Assets quoted in active markets  
- Debt securities560513
- Equity securities  
- Other203182
   
Assets not quoted in active markets  
- Debt securities  
- Equity securities10131
- Other258363
Total assets1,1221,089
Post-employment benefits - Assumptions used for defined benefit obligations [Text Block]

Philips Group

Assumptions used for defined benefit obligations 

in %

 GermanyUnited StatesOther CountriesTotal
 20222023202220232022202320222023
Discount rate4.1%3.7%5.2%5.0%4.9%4.9%4.7%4.3%
Inflation rate2.0%2.0%2.3%2.3%2.6%2.5%2.2%2.2%
Salary increase2.8%2.8%0.0%0.0%3.3%4.3%2.9%3.0%
Post-employment benefits - Sensitivity of key assumptions [Text Block]

Philips Group

Sensitivity of key assumptions

in millions of EUR

 20222023
Increase  
Discount rate (1% movement)(122)(123)
Pension increase (1% movement)5760
Salary increase (1% movement)1212
Longevity1)3232
Decrease  
Discount rate (1% movement)145147
Pension increase (1% movement)(49)(52)
Salary increase (1% movement)(11)(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.