Investment Properties (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of detailed information about investment property [abstract]

Summary of Changes in Investment Properties

Changes in investment properties account for the years ended December 31, 2023 and 2022 are as follows:

	Land			Land Improvements			Building			Total
	(in million pesos)
December 31, 2023
Balances at beginning and end of the year		858			2			155			1,015
Net gains (losses) from fair value adjustments charged to profit or loss		58			8			(36	)		30
Transfers from property and equipment		363			2			2			367
Disposals during the year		(95	)		—			(2	)		(97	)
Balances at end of the year		1,184			12			119			1,315
December 31, 2022
Balances at beginning of the year		771			3			155			929
Net gains (losses) from fair value adjustments charged to profit or loss		96			(1	)		2			97
Transfers from (to) property and equipment		2			—			(2	)		—
Disposals during the year		(11	)		—			—			(11	)
Balances at end of the year		858			2			155			1,015