XML 178 R165.htm IDEA: XBRL DOCUMENT v3.22.1
Pension and Other Employee Benefits - Additional Information (Detail)
₱ / shares in Units, ₱ in Millions
5 Months Ended 12 Months Ended
May 11, 2021
shares
Jan. 19, 2021
shares
Mar. 12, 2020
PHP (₱)
shares
Mar. 28, 2019
shares
Apr. 15, 2018
shares
Mar. 07, 2018
shares
Sep. 26, 2017
shares
May 30, 2015
PHP (₱)
May 21, 2015
PHP (₱)
Dec. 31, 2014
PHP (₱)
Mar. 11, 2014
PHP (₱)
Feb. 19, 2014
PHP (₱)
Sep. 27, 2013
Jan. 25, 2013
PHP (₱)
Aug. 09, 2012
PHP (₱)
Jul. 06, 2012
PHP (₱)
Jun. 30, 2012
PHP (₱)
May 08, 2012
PHP (₱)
Oct. 31, 2013
PHP (₱)
Dec. 31, 2021
PHP (₱)
₱ / shares
shares
Dec. 31, 2020
PHP (₱)
₱ / shares
shares
Dec. 31, 2019
PHP (₱)
Feb. 28, 2018
PHP (₱)
Oct. 26, 2012
PHP (₱)
₱ / shares
Disclosure Of Defined Benefit Plans [Line Items]                                                
Actual net gain (losses) on plan assets                                       ₱ 460 ₱ 1,582 ₱ 2,855    
Expected contribution in 2022 to the defined benefit plan                                       ₱ 1,460        
Average duration of the defined benefit obligation                                       11 years        
Description of retirement benefit plan                                       Benefits are payable in the event of termination of employment due to: (i) compulsory, optional, or deferred retirement; (ii) death while in active service; (iii) physical disability; (iv) voluntary resignation; or (v) involuntary separation from service.  For a plan member with less than 15 years of credited services, retirement benefit is equal to 100% of final compensation for every year of service.  For those with at least 15 years of service, retirement benefit is equal to 125% of final compensation for every year of service, with such percentage to be increased by an additional 5% for each completed year of service in excess of 15 years, but not to exceed a maximum of 200%.  In case of voluntary resignation after attainment of age 40 and completion of at least 15 years of credited service, benefit is equal to a percentage of his vested retirement benefit, in accordance with percentages prescribed in the retirement plan.        
VIU calculations derived from cash flow projections                                       The VIU calculations were derived from cash flow projections over a period of five years based on the 2021 financial budgets approved by the MediaQuest’s Board of Directors and calculated terminal value        
Carrying value of investments in associates                                       ₱ 17,206 16,992      
Direct Subscription In Shares Of Stocks                                       20        
Unpaid Subscription in Unlisted Equity Investments                                       32        
Cumulative Change In Fair Market Value Of Investment                                       ₱ 462 ₱ 423      
Debt and fixed income securities                                       2.00% 2.00%      
Number of shares transferred to beneficial trust fund | shares 12,000                                              
Accrued expenses and other current liabilities (Notes 24 and 27)                                       ₱ 106,113 ₱ 107,759      
Cash award paid     ₱ 654                                          
Cash grant covering period                                       2 years        
Transformation Incentive Plan [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Accrued expenses and other current liabilities (Notes 24 and 27)                                       ₱ 1,186 1,134 638    
Accrued incentive payable                                       ₱ 1,186 1,134      
Trustee [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Acquired Shares Of Common Stock | shares 757,000                                              
Performance Shares [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Number of shares issued | shares   239,000 239,000 302,000 204,000 239,000                                    
Fixed Income Securities [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Proportion of portfolio percentage                                       70.00%        
Equity Securities 1 [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Proportion of portfolio percentage                                       30.00%        
Smart and Subsidiaries [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Actual net gain (losses) on plan assets                                       ₱ 113 285 290    
Expected contribution in 2022 to the defined benefit plan                                       322 322 322    
Smart and Subsidiaries [Member] | PLDT Shares [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Plan Assets of Defined Benefit Pension Plans                                       ₱ 45 ₱ 44      
Smart and Subsidiaries [Member] | Philippine Foreign Currency Bonds [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Percentage of interest earned                                       2.95% 10.63%      
Smart and Subsidiaries [Member] | Debt and Fixed Income Securities [Member] | Domestic Fixed Income [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Percentage of interest earned                                       2.10% 12.00%      
Unlisted Preferred Shares [member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Subscription price per share | ₱ / shares                                       ₱ 10 ₱ 10      
Unlisted preferred shares | shares                                       300,000,000 300,000,000      
Subscription payable                                       ₱ 2,640 ₱ 2,640      
Dividend rate                                       13.50% 13.50%      
Dividends earned                                       ₱ 47 ₱ 49 49    
Debt Securities [Member] | Retail Treasury Bonds [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Fixed interest rates                                       3.70%        
MediaQuest PDRs [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Deposits                                   ₱ 6,000            
Percentage of Economic Interest                                   40.00%            
Deposit for future subscription                                 ₱ 4,000              
Additional deposit for subscription                             ₱ 1,000 ₱ 1,000                
Additional investment                                       ₱ 2,000 1,400 3,100    
Carrying value of investments in associates                                       9,984 9,914      
Investment drawn                                       1,600        
Loss on changes in fair value of the investments                                       400        
Satventures Philippine Depositary Receipts [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Percentage of Economic Interest                           40.00%                    
Deposit for future subscription                           ₱ 3,600                    
Additional deposit for subscription                           3,600                    
Cignal TV Philippine Depositary Receipts [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Percentage of Economic Interest                         64.00%                      
Hastings Philippine Depositary Receipts [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Deposit for future subscription                     ₱ 300               ₱ 1,950          
Additional amount deposited                       ₱ 500   ₱ 1,950                    
Total deposit for subscription                   ₱ 2,250                            
Hasting philippine depository receipts [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Percentage of Economic Interest               70.00%                                
Additional amount deposited               ₱ 3,250                                
Additional investment                 ₱ 800                              
Settlement amount                 200                              
Balance investment amount                 ₱ 500                              
Carrying value of investments in associates                                             ₱ 1,664  
Tahanan Mutual Building and Loan Association, Inc [member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Carrying value of investments in associates                                       119        
Deed of pledge                                       99        
BTF Holdings, Inc. [Member] | Voting Preferred Stock [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Voting Preferred Stock                                               ₱ 150
Subscription price per share | ₱ / shares                                               ₱ 1.00
Total Subscription Price                                               ₱ 150
Dividend income                                       10 10 10    
Dividends received                                       2 2      
Parent [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Shares of stocks sold to third party                                       ₱ 2 ₱ 2 ₱ 2    
Plan Member with Less Than 15 Years of Credited Services [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Credited services period                                       15 years        
Percentage of retirement benefit equal to compensation                                       100.00%        
Plan Member with At Least 15 Years of Credited Services [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Credited services period                                       15 years        
Percentage of retirement benefit equal to compensation                                       125.00%        
Plan Member with At Least 15 Years of Credited Services [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Credited services period                                       15 years        
Additional retirement benefit percentage for each completed year in excess of 15 years                                       5.00%        
Bottom of range [member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Average duration of the defined benefit obligation                                       8 years        
Pre-tax discount rates applied to cash flow projections                                       11.40%        
Growth rate of cash flows beyond the projection of three years                                       0.00%        
Percentage of contribution to plan by employer                                       5.00%        
Debt and fixed income securities                                       10.00%        
Bottom of range [member] | Performance Shares [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Performance share awards performance period             Dec. 31, 2019                                  
Bottom of range [member] | Corporate Bonds [member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Fixed interest rates                                       3.25%        
Top of range [member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Average duration of the defined benefit obligation                                       19 years        
Pre-tax discount rates applied to cash flow projections                                       11.80%        
Growth rate of cash flows beyond the projection of three years                                       4.80%        
Percentage of contribution to plan by employer                                       10.00%        
Percentage of contribution to plan by employee                                       10.00%        
Debt and fixed income securities                                       50.00%        
Top of range [member] | Performance Shares [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Performance share awards performance period             Jan. 01, 2017                                  
Number of shares issued | shares           914,000 860,000                                  
Number of shares authorized for acquisition of additional performance shares | shares           54,000                                    
Top of range [member] | Corporate Bonds [member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Fixed interest rates                                       6.94%        
Top of range [member] | Plan Member with At Least 15 Years of Credited Services [Member]                                                
Disclosure Of Defined Benefit Plans [Line Items]                                                
Percentage of retirement benefit equal to compensation                                       200.00%