PLDT (PHI) 20-F/A 27 Mar 23 2022 FY Annual report (foreign) (amended) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2022 shares
Document Information [Line Items]
Document Type	20-F/A
Amendment Flag	true
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Registrant Name	PLDT Inc.
Entity Central Index Key	0000078150
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	216,055,775
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Entity File Number	1-03006
Entity Incorporation, State or Country Code	R6
Entity Address, Address Line One	Ramon Cojuangco Building
Entity Address, Address Line Two	Makati Avenue
Entity Address, City or Town	Makati City
Entity Address, Country	PH
Entity Address Postal Zip Code	1200
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Registration Statement	false
Document Accounting Standard	International Financial Reporting Standards
ICFR Auditor Attestation Flag	true
Auditor Name	SyCip Gorres Velayo & Co
Auditor Location	Makati City, Philippines
Auditor Firm ID	1755
Amendment Description	PLDT Inc. (the “Company”) is filing this Amendment No. 1 (“Amendment No. 1”) to the Annual Report on Form 20-F for the year ended December 31, 2022 (the “Original Form 20-F,” and together with this Amendment No. 1, the “Form 20-F Filings”), as filed with the United States Securities and Exchange Commission (the “SEC”) on March 24, 2023 (the “Original Filing Date”), to amend the section entitled “Commercial Commitments” contained in Part III, Item 18, Note 28 – Financial Assets and Liabilities – Commercial Commitments, on page F-164, in relation to our remaining significant commitments in respect of major capital expenditure vendors.  Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934 (the “Exchange Act”), this Amendment No. 1 also includes as exhibits the certifications of the Principal Executive Officer and Principal Financial Officer of the Company pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350).  Other than as set forth herein, this Amendment No. 1 speaks as of the Original Filing Date and does not, and does not purport to, amend, update or restate any other information or disclosure included in the Original Form 20-F or reflect any events that have occurred since the Original Filing Date. Therefore, this Amendment No. 1 should be read in conjunction with the Original Form 20-F and any other documents that the Company has filed with the SEC on or after the Original Filing Date.  In this Amendment No. 1, PLDT Inc. (together with its subsidiaries) is referred to as “PLDT Group,” “we,” “us,” or “our,” and PLDT Inc. (excluding its subsidiaries) is referred to as “PLDT” or the “Company.”
Ordinary Shares [member]
Document Information [Line Items]
Security Exchange Name	NYSE
No Trading Symbol Flag	true
Title of 12(b) Security	Common Capital Stock, Par Value Five Philippine Pesos Per Share
American Depositary Receipts [member]
Document Information [Line Items]
Security Exchange Name	NYSE
Title of 12(b) Security	American Depositary Shares, evidenced by American Depositary Receipts, each representing one share of Common Capital Stock
Trading Symbol	PHI
Business Contact [member]
Document Information [Line Items]
Entity Address, Address Line One	Ramon Cojuangco Bldg
Entity Address, Address Line Two	Makati Avenue
Entity Address, City or Town	Makati City
Entity Address, Country	PH
Entity Address Postal Zip Code	1200
Contact Personnel Name	Atty. Marilyn A. Victorio-Aquino
City Area Code	632
Local Phone Number	82500254
Contact Personnel Email Address	mvaquino@pldt.com.ph

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Noncurrent Assets
Property and equipment (Notes 9 and 22)	₱ 292,745	₱ 302,736
Right-of-use assets (Note 10)	28,863	20,081
Investments in associates and joint ventures (Note 11)	51,546	53,364
Financial assets at fair value through profit or loss (Note 12)	432	339
Debt instruments at amortized cost – net of current portion (Note 13)	596	400
Investment properties (Notes 6 and 14)	1,015	929
Goodwill and intangible assets (Note 15)	64,549	62,535
Deferred income tax assets – net (Note 7)	17,636	13,385
Derivative financial assets – net of current portion (Note 28)	81	48
Prepayments - net of current portion (Notes 19, 25 and 26)	81,053	94,777
Contract assets – net of current portion (Note 5)	662	566
Other financial assets – net of current portion (Note 28)	3,489	3,099
Other non-financial assets – net of current portion	166	138
Total Noncurrent Assets	542,833	552,397
Current Assets
Cash and cash equivalents (Note 16)	25,211	23,907
Short-term investments (Note 28)	383	2,241
Trade and other receivables (Note 17)	26,255	21,790
Inventories and supplies (Note 18)	3,568	3,662
Current portion of contract assets (Note 5)	1,571	1,685
Current portion of derivative financial assets (Note 28)		93
Current portion of debt instruments at amortized cost (Note 13)		207
Current portion of prepayments (Notes 19 and 25)	14,696	12,707
Current portion of other financial assets (Notes 20 and 28)	206	7,064
Current portion of other non-financial assets	668	575
Total current assets other than assets classified as held-for-sale	72,558	73,931
Assets classified as held-for-sale (Notes 9 and 10)	8,771
Total Current Assets	81,329	73,931
TOTAL ASSETS	624,162	626,328
Equity
Treasury stock (Note 20)	(6,505)	(6,505)
Capital in excess of par value (Note 20)	130,312	130,312
Retained earnings (Note 20)	18,799	34,243
Other comprehensive loss (Note 6)	(35,482)	(36,437)
Total Equity Attributable to Equity Holders of PLDT	108,727	123,216
Noncontrolling interests (Note 20)	5,234	4,249
TOTAL EQUITY	113,961	127,465
Noncurrent Liabilities
Interest-bearing financial liabilities - net of current portion (Note 21)	217,288	241,075
Lease liabilities – net of current portion (Note 10)	31,958	17,131
Deferred income tax liabilities – net (Note 7)	204	169
Derivative financial liabilities – net of current portion (Note 28)	190	100
Customers’ deposits (Note 28)	2,313	2,270
Pension and other employee benefits (Note 26)	1,745	7,760
Deferred credits and other noncurrent liabilities (Notes 5 and 22)	9,501	6,084
Total Noncurrent Liabilities	263,199	274,589
Current Liabilities
Accounts payable (Note 23)	105,187	99,718
Accrued expenses and other current liabilities (Notes 24 and 27)	93,545	106,113
Current portion of interest-bearing financial liabilities (Note 21)	32,292	11,482
Current portion of lease liabilities (Note 10)	10,477	4,555
Dividends payable (Note 20)	1,821	1,708
Current portion of derivative financial liabilities (Note 28)	960	115
Income tax payable	982	583
Total current liabilities other than liabilities classified as held-for-sale	245,264	224,274
Liabilities associated with assets classified as held-for-sale	1,738
Total Current Liabilities	247,002	224,274
TOTAL LIABILITIES	510,201	498,863
TOTAL EQUITY AND LIABILITIES	624,162	626,328
Non-voting Serial Preferred Stock [Member]
Equity
Initial capitalization amount	360	360
Voting Preferred Stock [Member]
Equity
Initial capitalization amount	150	150
Common Stock [Member]
Equity
Initial capitalization amount	₱ 1,093	₱ 1,093

CONSOLIDATED INCOME STATEMENTS

CONSOLIDATED INCOME STATEMENTS - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
REVENUES FROM CONTRACTS WITH CUSTOMERS
Service revenues	₱ 196,227	₱ 185,751	₱ 173,634
Non-service revenues	9,018	7,506	7,370
Revenues	205,245	193,257	181,004
EXPENSES
Depreciation and amortization (Notes 9 and 10)	98,714	52,169	47,480
Selling, general and administrative expenses (Note 5)	85,304	78,303	75,255
Cost of sales and services (Note 5)	14,517	13,341	12,295
Asset impairment (Note 5)	6,107	4,985	7,646
Interconnection costs	6,104	3,698	2,146
Expenses	210,746	152,496	144,822
Profit loss from operating activities	(5,501)	40,761	36,182
OTHER INCOME (EXPENSES) - NET (Note 5)	19,010	(6,607)	(3,161)
INCOME BEFORE INCOME TAX	13,509	34,154	33,021
PROVISION FOR INCOME TAX (Note 7)	2,774	7,478	8,441
NET INCOME	10,735	26,676	24,580
ATTRIBUTABLE TO:
Equity holders of PLDT (Note 8)	10,485	26,367	24,284
Noncontrolling interests	250	309	296
NET INCOME	₱ 10,735	₱ 26,676	₱ 24,580
Earnings Per Share Attributable to Common Equity Holders of PLDT (Notes 4 and 8)
Basic	₱ 48.26	₱ 121.76	₱ 112.12
Diluted	₱ 48.26	₱ 121.76	₱ 112.12

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of comprehensive income [abstract]
Net income	₱ 10,735	₱ 26,676	₱ 24,580
OTHER COMPREHENSIVE LOSS - NET OF TAX (Note 6)
Foreign currency translation differences of subsidiaries	(207)	(329)	(27)
Net transactions on cash flow hedges:	(2,544)	(725)	(306)
Net fair value losses on cash flow hedges (Note 28)	(3,228)	(967)	(433)
Income tax related to fair value adjustments charged directly to equity (Note 28)	684	242	127
Fair value changes of financial assets at fair value through other comprehensive income (loss) (Note 25)		(2)	37
Net other comprehensive loss to be reclassified to profit or loss in subsequent years	(2,751)	(1,056)	(296)
Share in the other comprehensive income (loss) of associates and joint ventures accounted for using the equity method (Note 11)	(6)	23	(37)
Actuarial gains (losses) on defined benefit obligations:	2,500	2,908	(3,957)
Remeasurement in actuarial gains (losses) on defined benefit obligations (Note 26)	3,332	3,879	(5,640)
Income tax related to remeasurement adjustments (Note 7)	(832)	(971)	1,683
Depreciation of revaluation increment in investment properties transferred to property and equipment (Note 9)			(1)
Income tax related to revaluation increment charged directly to equity (Note 7)			1
Fair value adjustment on sale of property and equipment:		(108)
Fair value adjustment on sale of property and equipment (Note 26)		(144)
Income tax related to fair value adjustment on sale of property and equipment		36
Net other comprehensive income (loss) not to be reclassified to profit or loss in subsequent years	2,494	2,823	(3,994)
Total Other Comprehensive Income (Loss) - Net of Tax	(257)	1,767	(4,290)
Tax adjustments due to Corporate Recovery and Tax Incentives for Enterprises, or CREATE, Act		(2,546)
TOTAL COMPREHENSIVE INCOME	10,478	25,897	20,290
ATTRIBUTABLE TO:
Equity holders of PLDT	10,218	25,582	20,000
Noncontrolling interests	260	315	290
TOTAL COMPREHENSIVE INCOME	₱ 10,478	₱ 25,897	₱ 20,290

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - PHP (₱) ₱ in Millions	Total	Issued Capital [Member] Preferred Stock [Member]	Issued Capital [Member] Common Stock [Member]	Treasury Stock [Member]	Treasury Shares Under Employee Benefit Trust Member	Capital in Excess of Par Value [Member]	Other Equity Reserves [Member]	Retained Earnings [Member]	Other Comprehensive (Loss) [Member]	Total Equity Attributable to Equity Holders of PLDT [Member]	Noncontrolling Interests [Member]
Beginning balance at Dec. 31, 2019	₱ 116,290	₱ 510	₱ 1,093	₱ (6,505)	₱ (394)	₱ 130,312	₱ 276	₱ 18,063	₱ (31,368)	₱ 111,987	₱ 4,303
Treasury shares under employee benefit trust (Note 26)	373				373					373
Cash dividends (Note 20)	(16,785)							(16,695)		(16,695)	(90)
Total comprehensive income (loss):	20,290							24,284	(4,284)	20,000	290
Net income (loss)	24,580							24,284		24,284	296
Other comprehensive income (loss) (Note 6)									(4,284)	(4,284)
Other comprehensive income (loss) (Note 6)	(4,290)
Other comprehensive income (loss) (Note 6)											(6)
Equity reserves	(257)						(257)			(257)
Distribution charges on perpetual notes (Note 20)	(236)										(236)
Acquisition and dilution of noncontrolling interests	(10)										(10)
Ending balance at Dec. 31, 2020	119,665	510	1,093	(6,505)	(21)	130,312	19	25,652	(35,652)	115,408	4,257
Treasury shares under employee benefit trust (Note 26)	21				₱ 21					21
Cash dividends (Note 20)	(17,860)							(17,776)		(17,776)	(84)
Total comprehensive income (loss):	25,897							26,367	(785)	25,582	315
Net income (loss)	26,676							26,367		26,367	309
Other comprehensive income (loss) (Note 6)									(785)	(785)
Other comprehensive income (loss) (Note 6)	(779)
Other comprehensive income (loss) (Note 6)											6
Equity reserves	(19)						₱ (19)			(19)
Distribution charges on perpetual notes (Note 20)	(236)										(236)
Acquisition and dilution of noncontrolling interests	(3)										(3)
Ending balance at Dec. 31, 2021	127,465	510	1,093	(6,505)		130,312		34,243	(36,437)	123,216	4,249
Transfer of pension	(83)							(83)		(83)
Cash dividends (Note 20)	(25,396)							(25,338)		(25,338)	(58)
Total comprehensive income (loss):	10,478							10,485	(267)	10,218	260
Net income (loss)	10,735							10,485		10,485	250
Other comprehensive income (loss) (Note 6)									(267)	(267)
Other comprehensive income (loss) (Note 6)	(257)
Other comprehensive income (loss) (Note 6)											10
Distribution charges on perpetual notes (Note 20)	(236)										(236)
Closing of other comprehensive income (loss) cashflow hedges to retained earnings (Note 6)								(1,222)	1,222
Acquisition and dilution of noncontrolling interests	1,733							714		714	1,019
Ending balance at Dec. 31, 2022	₱ 113,961	₱ 510	₱ 1,093	₱ (6,505)		₱ 130,312		₱ 18,799	₱ (35,482)	₱ 108,727	₱ 5,234

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Income before income tax	₱ 13,509	₱ 34,154	₱ 33,021
Adjustments for:
Depreciation and amortization (Notes 9 and 10)	98,714	52,169	47,480
Interest on loans and other related items – net (Note 5)	9,112	8,900	8,736
Asset impairment (Note 5)	6,107	4,985	7,646
Foreign exchange losses (gains) – net (Notes 5 and 28)	4,685	3,890	(1,488)
Equity share in net losses of associates and joint ventures (Note 11)	3,304	1,101	2,328
Accretion on lease liabilities (Note 10)	2,064	1,170	1,125
Pension benefit costs (Notes 5 and 26)	1,749	2,213	2,218
Incentive plan (Notes 5 and 26)	1,272	1,186	1,134
Accretion on financial liabilities	375	239	146
Amortization of intangible assets (Notes 15)	228	2,822	2,496
Impairment of investments (Note 11)	50	60	60
Investment derecognized			599
Gains on disposal of property and equipment (Notes 5 and 9)	(148)	(884)	(3,369)
Interest income (Note 5)	(653)	(656)	(1,210)
Gains on dilution of shares (Notes 5 and 11)	(660)	(826)	(394)
Loss (gains) on derivative financial instruments - net (Note 28)	(2,322)	(1,400)	378
Income from prescription of preferred shares redemption liability (Note 20)	(7,839)
Gain on sale and leaseback of telecom towers (Notes 5 and 9)	(24,563)
Others	(3,613)	(2,254)	(3,072)
Operating income before changes in assets and liabilities	101,371	106,869	97,834
Decrease (increase) in:
Prepayments	12,218	(34,002)	(18,894)
Contract assets	(209)	(38)	160
Trade and other receivables	(8,366)	(3,713)	(585)
Other financial and non-financial assets	208	(120)	324
Inventories and supplies	850	57	(1,017)
Increase (decrease) in:
Customer's deposits	44	(101)	166
Pension and other employee benefits	(6,847)	(3,846)	(249)
Other noncurrent liabilities	(68)	(95)	5,220
Accounts payable	(18,306)	29,382	(2,813)
Accrued expenses and other current liabilities	(507)	(301)	7,178
Net cash flows generated from operations	80,388	94,092	87,324
Income taxes paid	(4,188)	(2,122)	(2,248)
Net cash flows from operating activities	76,200	91,970	85,076
Proceeds from:
Disposal of property and equipment (Note 9)	60,833	1,217	5,830
Maturity of short-term investments	8,700	2,518	4,375
Disposal of investments in associates and joint ventures (Note 11)	2,458	359
Disposal of investment in debt securities (Note 13)	182	993	150
Collection of financial assets at fair value through other comprehensive income		170	2,534
Disposal of financial assets at fair value through profit or loss		482	2,020
Dividends received			316
Interest received	636	714	1,106
Payments for:
Purchase of investment in debt securities (Note 13)	(173)	(404)	(1,194)
Settlements of notes receivable	(200)
Interest capitalized to property and equipment (Notes 5, 9 and 29)	(1,748)	(1,582)	(1,597)
Acquisition of investments in associates and joint ventures (Note 11)	(3,514)	(1,754)	(579)
Purchase of short-term investments	(6,368)	(3,847)	(5,147)
Purchase of property and equipment (Note 9)	(93,803)	(102,395)	(76,503)
Decrease (increase) in other financial and non-financial assets	(9)	(111)	20
Net cash flows used in investing activities	(33,006)	(103,640)	(68,669)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
Availments of short-term debt (Note 21)	16,000		10,000
Return of preferred shares redemption fund (Note 20)	7,839
Availments of long-term debt (Notes 21 and 29)	5,000	51,500	61,271
Collections from derivative financial instruments (Notes 28 and 29)	87
Payments for:
Settlements of derivative financial instruments (Notes 28 and 29)		(25)	(430)
Debt issuance costs (Notes 21 and 29)	(62)	(397)	(927)
Distribution charges on perpetual notes (Note 20)	(236)	(236)	(236)
Short-term debt (Note 21)	(6,000)		(10,000)
Obligations under lease liabilities (Notes 10 and 29)	(8,331)	(6,547)	(5,781)
Interest – net of capitalized portion (Notes 5, 21 and 29)	(9,013)	(8,922)	(8,348)
Long-term debt (Notes 21 and 29)	(22,353)	(22,565)	(28,365)
Cash dividends (Notes 20 and 29)	(25,235)	(17,712)	(16,721)
Net cash flows from (used in) financing activities	(42,304)	(4,904)	463
NET EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	414	244	(1,002)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,304	(16,330)	15,868
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR (Note 16)	23,907	40,237	24,369
CASH AND CASH EQUIVALENTS AT END OF THE YEAR (Note 16)	₱ 25,211	₱ 23,907	₱ 40,237

Corporate Information

Corporate Information	12 Months Ended
	Dec. 31, 2022
Disclosure Of Corporate Information [Abstract]
Corporate Information	1. Corporate Information PLDT Inc. (formerly Philippine Long Distance Telephone Company), which we refer to as PLDT or the Parent Company, was incorporated under the old Corporation Law of the Philippines (Act 1459, as amended) on November 28, 1928, following the merger of four telephone companies under common U.S. ownership. PLDT has a perpetual corporate term pursuant to Section 11 of the Revised Corporation Code of the Philippines (Republic Act No. 11232), which entitles existing corporations to have a perpetual existence, unless the corporation, upon a vote of its stockholders representing a majority of its outstanding capital stock, notifies the Philippine Securities and Exchange Commission, or Philippine SEC, that the corporation elects to retain its specific corporate term pursuant to its articles of incorporation. While PLDT’s amended Articles of Incorporation states that its corporate term is limited to 50 years from the date of incorporation on November 28, 1928, and another term of 50 years from November 28, 1978, PLDT has not elected to retain such specific corporate term . In 1967, effective control of PLDT was sold by the General Telephone and Electronics Corporation, then a major shareholder since PLDT’s incorporation, to a group of Filipino businessmen. In 1981, in furtherance of the then existing policy of the Philippine government to integrate the Philippine telecommunications industry, PLDT purchased substantially all of the assets and liabilities of the Republic Telephone Company, which at that time was the second largest telephone company in the Philippines. In 1998, certain subsidiaries of First Pacific Company Limited, or First Pacific, and its Philippine affiliates (collectively the First Pacific Group and its Philippine affiliates), acquired a significant interest in PLDT. On March 24, 2000, NTT Communications Corporation, or NTT Communications, through its wholly-owned subsidiary NTT Communications Capital (UK) Ltd., became PLDT’s strategic partner with approximately 15 % economic and voting interest in the issued and outstanding common stock of PLDT at that time. Simultaneous with NTT Communications’ investment in PLDT, the latter acquired 100 % of Smart Communications, Inc., or Smart. On March 14, 2006, NTT DOCOMO, Inc., or NTT DOCOMO, acquired from NTT Communications approximately 7 % of PLDT’s then outstanding common shares held by NTT Communications with NTT Communications retaining ownership of approximately 7 % of PLDT’s common shares. Since March 14, 2006, NTT DOCOMO has made additional purchases of shares of PLDT, and together with NTT Communications beneficially owned approximately 20 % of PLDT’s outstanding common stock as at December 31, 2022. NTT Communications and NTT DOCOMO are part of the group of companies of Nippon Telegraph and Telephone Corporation. On February 28, 2007, Metro Pacific Asset Holdings, Inc., a Philippine affiliate of First Pacific, completed the acquisition of an approximately 46 % interest in Philippine Telecommunications Investment Corporation, or PTIC, a shareholder of PLDT. This investment in PTIC represented an attributable interest of approximately 6 % of the then outstanding common shares of PLDT and thereby raised First Pacific Group’s and its Philippine affiliates’ beneficial ownership to approximately 28 % of PLDT’s outstanding common stock as at that date. Since then, First Pacific Group’s beneficial ownership interest in PLDT decreased by approximately 2 %, mainly due to the holders of Exchangeable Notes, which were issued in 2005 by a subsidiary of First Pacific and exchangeable into PLDT shares owned by First Pacific Group, who fully exchanged their notes. First Pacific Group and its Philippine affiliates had beneficial ownership of approximately 26 % in PLDT’s outstanding common stock as at December 31, 2022. On October 26, 2011, PLDT completed the acquisition of a controlling interest in Digital Telecommunications Phils., Inc., or Digitel, from JG Summit Holdings, Inc., or JGSHI, and its affiliates, or JG Summit Group. As payment for the assets acquired from JGSHI, PLDT issued approximately 27.7 million common shares. In November 2011, JGSHI sold 5.81 million and 4.56 million PLDT shares to a Philippine affiliate of First Pacific and NTT DOCOMO, respectively, pursuant to separate option agreements that JGSHI had entered into with a Philippine affiliate of First Pacific and NTT DOCOMO, respectively. As at December 31, 2022, the JG Summit Group beneficially owned approximately 11 % of PLDT’s outstanding common shares. On October 16, 2012, BTF Holdings, Inc., or BTFHI, a wholly-owned company of the Board of Trustees for the Account of the Beneficial Trust Fund, or PLDT Beneficial Trust Fund, created pursuant to PLDT’s Benefit Plan, subscribed to 150 million newly issued shares of Voting Preferred Stock of PLDT, or Voting Preferred Shares, at a subscription price of Php 1.00 per share for a total subscription price of Php 150 million pursuant to a subscription agreement between BTFHI and PLDT dated October 15, 2012. As a result of the issuance of Voting Preferred Shares, the voting power of the NTT Group (NTT DOCOMO and NTT Communications), First Pacific Group and its Philippine affiliates, and JG Summit Group was reduced to 12 %, 15 % and 7 %, respectively, as at December 31, 2022. See Note 20 – Equity – Preferred Stock – Voting Preferred Stock . The common shares of PLDT are listed and traded on the Philippine Stock Exchange, Inc., or PSE. On October 19, 1994, an American Depositary Receipt, or ADR, facility was established, pursuant to which Citibank N.A., as the depositary, issued American Depositary Shares, or ADSs, with each ADS representing one PLDT common share with a par value of Php 5.00 per share. Effective February 10, 2003, PLDT appointed JP Morgan Chase Bank as successor depositary for PLDT’s ADR facility. The ADSs are listed on the New York Stock Exchange, or NYSE, in the United States and are traded on the NYSE under the symbol “PHI”. There were approximately 16.4 million ADSs outstanding as at December 31, 2022. PLDT and our Philippine-based fixed line and wireless subsidiaries operate under the jurisdiction of the Philippine National Telecommunications Commission, or NTC, which jurisdiction extends, among other things, to approving major services offered and certain rates charged to customers. We are the largest and most diversified telecommunications company in the Philippines which delivers data and multi-media services nationwide. We have organized our business into business units based on our products and services and have three reportable operating segments which serve as the bases for management’s decision to allocate resources and evaluate operating performance. Our principal activities are discussed in Note 4 – Operating Segment Information . Our registered office address is Ramon Cojuangco Building, Makati Avenue, Makati City, Philippines . Information on our structure is provided in Note 2 – Summary of Significant Accounting Policies – Basis of Consolidation . Information on other related party relationships of the PLDT Group is provided in Note 25 – Related Party Transactions . Our consolidated financial statements as at December 31, 2022 and 2021, and for the years ended December 31, 2022, 2021 and 2020 were approved and authorized by the Board of Directors on March 23, 2023 for issuance with the United States (U.S.) SEC on March 24, 2023, as reviewed by the Audit Committee on March 21, 2023. Amendments to the By-Laws of PLDT On March 25, 2021, the Board of Directors approved the amendments to the By-Laws of PLDT to conform with the provision of Republic Act No. 11232, known as the Revised Corporation Code of the Philippines. On September 9, 2022, the Amended By-Laws of PLDT was approved by the Philippine SEC.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Disclosure Of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Preparation Our consolidated financial statements have been prepared in accordance with International Financial Reporting Standards, or IFRSs, as issued by the International Accounting Standards Board, or IASB. Our consolidated financial statements have been prepared under the historical cost basis, except for financial instruments at fair value through profit or loss, or FVPL, and investment properties that are measured at fair values. Our consolidated financial statements are presented in Philippine Peso, PLDT’s functional currency, and all values are rounded to the nearest million, except when otherwise indicated. Our consolidated financial statements provide comparative information in respect of the previous period. Basis of Consolidation Our consolidated financial statements include the financial statements of PLDT and the following subsidiaries (collectively, the “PLDT Group”) as at December 31, 2022 and 2021: 2022 2021 Place of Percentage of Ownership Name of Subsidiary Incorporation Principal Business Activity Direct Indirect Direct Indirect Wireless Smart: Philippines Cellular mobile services 100.0 — 100.0 — Smart Broadband, Inc., or SBI, and Subsidiary Philippines Internet broadband distribution services — 100.0 — 100.0 Primeworld Digital Systems, Inc., or PDSI Philippines Internet broadband distribution services — 100.0 — 100.0 I-Contacts Corporation Philippines Operations support servicing business — 100.0 — 100.0 Far East Capital Limited, or FECL (a) Cayman Islands Cost effective offshore financing and risk — 100.0 — 100.0 PH Communications Holdings Corporation Philippines Investment company — 100.0 — 100.0 Connectivity Unlimited Resource Enterprise Philippines Cellular mobile services — 100.0 — 100.0 Francom Holdings, Inc. Philippines Investment company — 100.0 — 100.0 Chikka Holdings Limited, or Chikka, and Subsidiaries, or Chikka Group (a) British Virgin Islands Content provider, mobile applications development and services — 100.0 — 100.0 Wifun, Inc. Philippines Software developer and selling of WiFi access equipment — 100.0 — 100.0 PLDT Global, Inc. (b) Philippines Cross-border digital platforms and other allied services 100.0 — 100.0 — ACeS Philippines Cellular Satellite Corporation, or ACeS Philippines (a) Philippines Satellite information and messaging services 88.5 11.5 88.5 11.5 Digitel Mobile Philippines, Inc., or DMPI, (a wholly-owned subsidiary of Digitel) Philippines Cellular mobile services — 99.6 — 99.6 Fixed Line PLDT Clark Telecom, Inc., or ClarkTel Philippines Telecommunications services 100.0 — 100.0 — PLDT Subic Telecom, Inc., or SubicTel Philippines Telecommunications services 100.0 — 100.0 — PLDT Global Corporation, or PLDT Global, and Subsidiaries British Virgin Islands Telecommunications services 100.0 — 100.0 — Smart-NTT Multimedia, Inc. (a) Philippines Data and network services 100.0 — 100.0 — PLDT-Philcom, Inc., or Philcom, and Subsidiaries, or Philcom Group Philippines Telecommunications services 100.0 — 100.0 — Talas Data Intelligence, Inc. Philippines Business infrastructure and solutions; intelligent data 100.0 — 100.0 — Multisys Technologies Corporation, or Multisys (c) Philippines Software development and IT solutions services — 50.7 — — (a) Ceased commercial operations. (b) On June 30, 2021, the Philippine SEC approved the amendment of Telesat, Inc.’s Articles of Incorporation, resulting to the adoption of (i) a new corporate name —“PLDT Global Inc.”; and (ii) a revised primary purpose stating that the Company will now be in the business of providing various cross-border digital platforms and other allied services for global customers, especially for overseas/offshore Filipinos. (c) On July 29, 2022, PLDT Global Investments Holdings, Inc., or PGIH, acquired additional 227 common shares of Multisys, thereby increasing its ownership from 45.73 % to 50.72 %. 2022 2021 Place of Percentage of Ownership Name of Subsidiary Incorporation Principal Business Activity Direct Indirect Direct Indirect ePLDT, Inc., or ePLDT: Philippines Information and communications infrastructure for 100.0 — 100.0 — IP Converge Data Services, Inc., or IPCDSI, and Subsidiary, or IPCDSI Group Philippines Information and communications infrastructure for — 100.0 — 100.0 Curo Teknika, Inc., or Curo Philippines Managed IT outsourcing — 100.0 — 100.0 ABM Global Solutions, Inc., or AGS, and Subsidiaries, or AGS Group (a) Philippines Internet-based purchasing, IT consulting and professional services — 100.0 — 100.0 ePDS, Inc., or ePDS (a) Philippines Bills printing and other related value-added services, or VAS — 100.0 — 100.0 netGames, Inc. (a) Philippines Gaming support services — 57.5 — 57.5 MVP Rewards Loyalty Solutions, Inc., or MRSI (a) Philippines Full-services customer rewards and loyalty programs — 100.0 — 100.0 VITRO, Inc., or Vitro (d) Philippines Information and communications infrastructure for — 100.0 — — Digitel Philippines Telecommunications services 99.6 — 99.6 — Digitel Information Technology Services, Inc. (a) Philippines Internet services — 99.6 — 99.6 PLDT-Maratel, Inc., or Maratel Philippines Telecommunications services 98.0 — 98.0 — Bonifacio Communications Corporation, or BCC Philippines Telecommunications, infrastructure and related VAS 75.0 — 75.0 — Pacific Global One Aviation Company, Inc., or PG1 (e) Philippines Air transportation business — — 65.3 — Pilipinas Global Network Limited, or PGNL, and Subsidiaries British Virgin Islands International distributor of Filipino channels and content 64.6 — 64.6 — Others PGIH Philippines Investment company 100.0 — 100.0 — PLDT Digital Investments Pte. Ltd., or PLDT Digital, and Subsidiaries Singapore Investment company 100.0 — 100.0 — Mabuhay Investments Corporation, or MIC (f) Philippines Investment company 67.0 — 67.0 — PLDT Global Investments Corporation, or PGIC (g) British Virgin Islands Investment company — — — 100.0 PLDT Communications and Energy Ventures, Inc., or PCEV Philippines Investment company — 99.9 — 99.9 (d) On February 2, 2022, the Philippine SEC appro On March 16, 2023, PLDT entered into ved the incorporation of Vitro, a wholly-owned subsidiary of ePLDT. (e) On February 28, 2022, PLDT signed a of Deed of Assignment and other related agreements, under which other investors acquired a total of Php 44.7 million worth of 65.3 % to 47.6 %. Consequently, PLDT accounted for its remaining interest in PG1 as an investment in associate. (f) Ceased commercial operations. On August 9, 2022, the Philippine SEC approved MIC's application for amendment of its Articles of Incorporation to shorten its corporate term until September 30, 2023. (g) PGIC is a wholly-owned subsidiary of PG1 after the execution on March 31, 2022 of Instrument of Transfer between PLDT Global (the former parent company of PGIC) and PG1 of the ordinary shares Subsidiaries are fully consolidated from the date of acquisition, being the date on which PLDT obtains control, and continue to be consolidated until the date that such control ceases. We control an investee when we are exposed, or have rights, to variable returns from our involvement with the investee and when we have the ability to affect those returns through our power over the investee. The financial statements of our subsidiaries are prepared for the same reporting period as PLDT. We prepare our consolidated financial statements using uniform accounting policies for like transactions and other events with similar circumstances. Profit or loss and each component of other comprehensive income are attributed to the equity holders of PLDT and to the noncontrolling interests, even if this results in the noncontrolling interests having a deficit balance. A change in the ownership interest of a subsidiary, without loss of control, is accounted for as an equity transaction and impact is presented as part of other equity reserves. If PLDT loses control over a subsidiary, it: (a) derecognizes the assets (including goodwill) and liabilities of the subsidiary; (b) derecognizes the carrying amount of any noncontrolling interest; (c) derecognizes the cumulative translation differences recorded in equity; (d) recognizes the fair value of the consideration received; (e) recognizes the fair value of any investment retained; (f) recognizes any surplus or deficit in profit or loss; and (g) reclassifies the Parent Company’s share of components previously recognized in other comprehensive income to profit or loss or retained earnings, as appropriate. Corona Virus, or COVID-19, Pandemic On March 8, 2020, Presidential Proclamation No. 922 was issued, declaring a State of Public Health Emergency throughout the Philippines due to COVID-19. In a move to contain the COVID-19 pandemic, on March 12, 2020, the Office of the President of the Philippines issued a memorandum directive to impose stringent social distancing measures in the National Capital Region, or NCR, effective March 15, 2020. On March 16, 2020, Presidential Proclamation No. 929 was issued, declaring a State of Calamity throughout the Philippines for a period of six months from March 17, 2020 (at midnight), unless earlier lifted or extended as circumstances may warrant, and imposed an enhanced community quarantine, or ECQ, throughout the island of Luzon until April 12, 2020, unless earlier lifted or extended as circumstances may warrant. On March 24, 2020, Republic Act No. 11469, otherwise known as the “Bayanihan to Heal As One Act”, was signed into law, declaring a state of national emergency over the entire country, and authorizing the President of the Philippines to exercise certain powers necessary to address the COVID-19 pandemic. On April 7, 2020, the Office of the President of the Philippines released a memorandum extending the ECQ over the entire Luzon island until April 30, 2020. On May 1, 2020, the Government further extended the ECQ over, among others, certain portions of Luzon, including Metro Manila, until May 15, 2020, while easing restrictions in other parts of the country. On May 11, 2020, the Inter-Agency Task Force for the Management of Emerging Infectious Diseases, or IATF, placed high-risk local government units under modified ECQ, or MECQ, from May 16, 2020 until May 31, 2020, where certain industries were allowed to operate under strict compliance with minimum safety standards and protocols. On May 27, 2020, the IATF reclassified various provinces, Highly Urbanized Cities, or HUCs, and independent component cities, or ICCs, depending on the risk-level. Meanwhile, on May 28, 2020, the Government placed Metro Manila under general community quarantine, or GCQ, allowing for the partial reopening of certain businesses and public transportation while continuing to limit general movements. Pursuant to the declaration of the President on August 2, 2020, the NCR and the provinces of Laguna, Cavite, Rizal and Bulacan were placed under MECQ from August 4, 2020 until August 18, 2020. On August 17, 2020, the President placed Metro Manila, Bulacan, Cavite, Rizal, Nueva Ecija, Batangas, Quezon Province, Iloilo City, Cebu City, Lapu-Lapu City, Mandaue City, Talisay City, the municipalities of Minglanilla and Consolacion in Cebu under GCQ. The rest of the country was placed under modified GCQ, or MGCQ, effective August 19, 2020. The period of GCQ for Metro Manila was extended until November 30, 2020. On December 1, 2020, by order of the President, the Executive Secretary issued a Memorandum, advising that the President, taking into consideration the recommendation of the IATF, had approved the community quarantine classification of provinces, HUCs, and ICCs from December 1 to 31, 2020 as indicated therein. Under said Memorandum, all HUCs of the NCR, the Municipality of Pateros, Batangas, Iloilo City, Tacloban City, Iligan City, Lanao del Sur Province, Davao City and Davao del Norte Province were placed under GCQ, while the rest of the areas listed thereunder were placed under MGCQ, without prejudice to the declaration of localized ECQ in critical areas. On September 15, 2020, Republic Act No. 11494 or the “Bayanihan to Recover As One Act” took effect, providing for COVID-19 response and recovery interventions and providing mechanisms to accelerate the recovery and bolster the resiliency of the Philippine economy, providing funds therefore and for other purposes. Apart from authorizing the President to exercise powers necessary to undertake certain COVID-19 response and recovery interventions, Republic Act No. 11494 also affirmed the existence of a continuing national emergency, in view of unabated spread of the COVID-19 virus and the ensuing economic disruption therefrom. On September 16, 2020, Presidential Proclamation No. 1021 was issued, extending the State of Calamity throughout the Philippines due to COVID-19 for a period of one-year effective September 13, 2020 to September 12, 2021, unless earlier lifted or extended as circumstances may warrant. On September 3, 2021, the IATF approved the shift in the policy in classifying provinces, HUC, and ICCs for purposes of community quarantine, wherein the new classification framework focuses on the imposition of granular lockdown measures and having an alert-level system (alert level 1 to 4), with each alert level limiting restrictions only to identified high-risk activities. The National Capital Region was designated as the pilot area of implementation, effective September 16, 2021. Effective October 20, 2021, the pilot area of implementation of the alert level systems was expanded to selected provinces, HUCs and ICCs outside of NCR. On November 11, 2021, the President issued Executive Order No. 151, Series of 2021, approving the nationwide implementation of the Alert Level System for COVID-19 Response. On March 24, 2022, the IATF, through IATF Resolution No. 165, Series of 2022, adopted the policy of including component cities and municipalities in the Alert Level System for purposes of alert level classification. On September 12, 2022, President Ferdinand Marcos, Jr. issued Proclamation No. 57, s. 2022, further extending the declared state of calamity due to COVID-19 throughout the Philippines, effective September 13, 2022 to December 31, 2022, unless earlier lifted or extended as circumstances may warrant. On the same date, the Office of the President of the Philippines, through the Executive Secretary, issued Executive Order No. 3, Series of 2022, which, allowed the voluntary wearing of face masks in open spaces and non-crowded outdoor areas with good ventilation provided that not-fully vaccinated individuals, senior citizens and immunocompromised individuals are highly encouraged to wear their masks, and physical distancing will be observed at all times. Said Executive Order also provided that face masks shall continue to be worn in indoor private or public establishments, including in public transportation by land, air, or sea, and in outdoor settings where physical distancing cannot be maintained. On October 28, 2022, Executive Order No. 7, Series of 2022 was issued, repealing Executive Order No. 3, Series of 2022. Executive Order No. 7, Series of 2022 provides that the wearing of face masks in indoor and outdoor settings shall be voluntary except in the following settings: (a) Healthcare facilities, including, but not limited to, clinics, hospitals, laboratories, nursing homes and dialysis clinics; (b) Medical transport vehicles, such as ambulance and paramedic rescue vehicles, and (c) Public transportation by land, air or sea. Said Executive Order also provides that mask wearing is still encouraged for the elderly, individuals with comorbidities, immunocompromised individuals, pregnant women, unvaccinated individuals, and symptomatic individuals. It also provides that the minimum public health standards to effectively prevent and minimize the spread of COVID-19 in the country shall continue to be implemented consistent with the principles of shared accountability, evidence-based decision-making, socioeconomic equity and rights-based approach. These and other measures have affected and caused disruption to businesses and economic activities, and their impacts on businesses continue to evolve. See Leases, COVID-19 Related Rent Concessions , Note 3 – Estimating allowance for expected credit losses and Note 5 – Income and expenses – Contract balances . Precautionary measures at our stores such as provision for foot bath, regular sanitization and disinfection, temperature check, wearing of face masks and face shields, installation of commercial-grade air filters, and other observance of social distancing are in place. PLDT Home rolled out Call to Apply service, a virtual and convenient way to apply for a PLDT Home service, transact and talk to any PLDT Sales and Service Centers representatives, as well as the QR codes that directed customers to an online service application platform. In cases where our service teams need to enter customers’ homes or business premises, we have equipped them with protective gear such as face masks and gloves. Members of our service teams have also been trained in the proper health protocols for before, during, and after site visits, including maintaining proper social distances with customers at all times. We have implemented limited access to our corporate premises. We have allowed a hybrid of work-from-home and work on-site arrangements. To ensure minimal disruption to our operations, we have taken steps to ensure that employees working from home are properly equipped with the appropriate digital equipment, including internet connection. For the employees that work on-site, we have taken steps to try and minimize their risk of exposure to the COVID-19 disease. We have also rolled-out the vaccination program, which also covers booster doses, for our employees and their dependents and household members who were enrolled in the program. Total expenses related to our COVID-19 measures amounted to Php 450 million, Php 942 million and Php 903 million for the years ended December 31, 2022, 2021 and 2020, respectively. Sun Prepaid Rebranding to Smart Prepaid On October 21, 2020, Smart and DMPI entered into a Rebranding Agreement wherein Sun Prepaid subscribers were rebranded as Smart Prepaid subscribers. The brand consolidation under Smart aims to capitalize on Smart’s robust mobile data network to provide superior mobile data experience to all Sun subscribers and achieve cost efficiency in brand management. Post-rebranding, the ownership of Sun Prepaid subscribers remains under DMPI. Under the terms of the agreement, Smart will settle a fixed fee representing DMPI’s proportionate share on the distributed subscriber revenues. This transaction was eliminated in our consolidated financial statements. On April 25, 2022, the Sun Postpaid subscribers were also rebranded to Smart Postpaid subscribers. This aims to provide a better postpaid experience, access to the fastest mobile data network, bigger packages and the latest devices to all Sun subscribers. As a result of the rebranding, PLDT reassessed the useful life of the Sun Trademark arising from the acquisition of Digitel in 2011 amounting to Php 4,505 million. The Sun Trademark, which had been previously projected to be of continued use and accordingly estimated to be with indefinite life, was amortized over a period of 12 months starting August 2020. Total amortization of the Sun Trademark amounted to nil , Php 2,628 million and Php 1,877 million for the years ended December 31, 2022, 2021 and 2020, respectively. See Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Estimating useful lives of intangible assets with finite lives and Note 15 – Goodwill and Intangible Assets – Amortization of Sun Cellular Trademark . Sale of PLDT Prepaid HOME WiFi, or PHW, Subscribers to Smart On January 29, 2021, PLDT and Smart entered into a Sale/Purchase Agreement on the transfer of PLDT’s 748 thousand PHW subscribers to Smart to consolidate fixed wireless services under Smart in order to optimize shared resources for wireless broadband, have seamless upgrades and cross-selling of products for simplified customer experience and to better manage network costs and wireless network capacity. The agreement took effect on February 1, 2021 and the PHW subscribers were transferred on March 1, 2021 after complying with the NTC’s required 30 -day notice to subscribers. The initial purchase price for the transfer, together with the PHW inventories and unearned revenues, amounted to Php 1,455 million, exclusive of value-added tax. The transaction price was based on December 31, 2020 balances. The parties also agreed that any difference between these values as at December 31, 2020 and the values as of cut-off date would have to be confirmed between Smart and PLDT. The final purchase price amounted to Php 1,336 million, plus value-added tax, and was reviewed by an independent party, Isla Lipana & Co., an independent auditing firm, and confirmed to be made on an arm’s length basis. This transaction was eliminated in our consolidated financial statements. Loss of Control of PLDT over PG1 On February 28, 2022, PLDT signed a of Deed of Assignment under which investors led by Philex Mining Corporation, Metro Pacific Corporation, or MPIC, and Roxas Holdings, Inc. separately acquired a total of Php 44.7 million worth of equity interest of PG1 from PLDT. In addition, PG1 appointed a new director bringing the total number of directors to nine. As a result, PLDT’s ownership was diluted from 65.3 % to 47.6 % and retained four out of nine total board seats which resulted in a loss of control. Consequently, PLDT accounted for its remaining interest in PG1 as an investment in associate. A gain on deconsolidation amounting to Php 376.7 million was recognized as part of "Other Income (Expenses) – Net" in our consolidated income statement. See Note 11 – Investments in Associates and Joint Ventures – Investments in Associates – Investment in PG1 . Investment of PGIH in PCEV On March 22, 2022, the PGIH Board of Directors approved the investment of US$ 20 million in the common stock of PCEV at a subscription price of Php 13 thousand per share to participate in the growth of the Voyager business. On April 11, 2022, PGIH remitted US$ 20 million, or Php 1,031 million, to PCEV as deposit for future subscription pending the application of PCEV for capital increase with the Philippine SEC. Investment in Class C Convertible Preference Shares in Voyager Innovations Holdings Pte. Ltd., or VIH On April 7, 2022, PCEV participated in the new round of fundraise for VIH amounting to US$ 62 million. Leading the round was the new investor SIG Venture Capital. Also participating in the round were the other existing shareholders KKR, Tencent, IFC, IFC EAF and IFC Financial Institutions Growth Fund, as well as new investors including Singapore-based global investor EDBI and investment holding company, First Pacific. Thereafter, PCEV’s ownership in VIH was diluted from 38.45 % to 36.82 %. VIH raised US$ 210 million in new funds propelling VIH’s valuation to nearly US$ 1.4 billion. VIH used the fresh funds to support the launch and acceleration of digital banking services powered by Maya Bank and other new services such as crypto, to be seamlessly integrated and offered across Maya’s consumer and enterprise platforms. On August 12, 2022, a new investor signed a subscription agreement with VIH resulting in further dilution of PCEV's equity interest from 36.82 % to 36.63 %. See related disclosures on gain on dilution on Note 5 – Other Income (Expenses) . Smart Broadband, Inc.’s Franchise Extended for another 25 Years On April 8, 2022, the Philippine President approved Republic Act No. 11678, an act renewing for another 25 years the franchise granted to SBI. This allows SBI to continue constructing, installing, establishing, maintaining, leasing and operating wire and/or wireless telecommunication systems throughout the Philippines. SBI’s original franchise under Republic Act No. 8337 expired on November 11, 2022, and the renewal for another 25 years will expire on November 11, 2047. Acquisition of Additional Interest in Multisys Technologies Corporation, or Multisys On July 29, 2022, PGIH acquired additional 227 common shares of Multisys from the existing holder, representing a 4.99 % of interest, for a total consideration of Php 248 million, of which Php 100 million was paid on the same day. In August 2022, PGIH paid Php 136 million of the balance of the consideration. The remaining balance of Php 12 million is still outstanding as at December 31, 2022. As of and following this acquisition, PGIH owns 2,307 common shares representing 50.72 % equity interest in Multisys, which is considered a controlling interest, and in accordance with the Restated Shareholders’ Agreement that the parties signed on the same date, PGIH is entitled to nominate three out of the five directors in Multisys who shall manage and control the operation of Mutisys. Consequenty, the results of operations and financial position of Multisys are consolidated with the PLDT Group effective in the fourth quarter of 2022. See Note 11 – Investments in Associates and Joint Ventures – Investments in Associates – Acquisition of Additional Interest in Multisys/Business Combination. Proposed Acquisition of Sky Cable Corporation, or Sky On March 16, 2023, PLDT entered into a Sale and Purchase Agreement with Sky Vision Corporation, ABS-CBN Corporation and Lopez, Inc. for the proposed acquisition by PLDT of 100 % of Sky’s total issued and outstanding capital stock, for a total purchase price of Php 6,750 million. The closing of the transaction shall be subject to compliance with certain conditions precedent which include, among others, the termination or cessation of operations by Sky of its pay TV and cable businesses, obtaining all applicable government approvals and clearances, obtaining all required consents and corporate actions, and payment of the purchase price. Amended Standards The accounting policies adopted are consistent with those of the previous financial year, except that we have adopted the following amended standards starting January 1, 2022. • Amendments to International Accounting Standards, or IAS, 16, Property, Plant and Equipment, Proceeds Before Intended Use The amendments prohibit entities deducting from the cost of an item of property, plant and equipment, any proceeds from selling items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling such items, and the costs of producing those items, in profit or loss. The amendments have no material impact on our consolidated financial statements. • Amendments to IAS 37, Provisions, Contingent Liabilities and Contingent Assets, Onerous Contracts: Cost of Fulfilling a Contract The amendments specify which costs an entity needs to include when assessing whether a contract is onerous or loss-making. The amendments apply a “directly related cost approach”. The costs that relate directly to a contract to provide goods or services include both incremental costs and an allocation of costs directly related to contract activities. General and administrative costs do not relate directly to a contract and are excluded unless they are explicitly chargeable to the counterparty under the contract. We analyzed all contracts existing at January 1, 2022 and determined that none of them would be identified as onerous applying the provisions of the current standards. • Amendments to IFRS 3, Business Combinations, Reference to the Conceptual Framework The amendments are intended to replace a reference to the Framework for the Preparation and Presentation of Financial Statements, issued in 1989, with a reference to the Conceptual Framework for Financial Reporting issued in March 2018 without significantly changing its requirements. The amendments added an exception to the recognition principle of IFRS 3 to avoid the issue of potential ‘day 2’gains or losses arising for liabilities and contingent liabilities that would be within the scope of IAS 37 or International Financial Reporting Interpretations Committee 21, Levies , if incurred separately. At the same time, the amendments add a new paragraph to IFRS 3 to clarify that contingent assets do not qualify for recognition at the acquisition date. We do not have any identified contingent assets, hence these amendments have no material impact on our consolidated financial statements. Annual Improvements to IFRSs 2018-2020 Cycle • Amendments to IFRS 1, First-time Adoption of IFRS, Subsidiary as a first-time adopter The amendment permits a subsidiary that elects to apply paragraph D16(a) of IFRS 1 to measure cumulative translation differences using the amounts reported by the parent, based on the parent’s date of transition to IFRS. This amendment is also applied to an associate or joint venture that elects to apply paragraph D16(a) of IFRS 1. • Amendments to IFRS 9, Financial Instruments, Fees in the “10 percent” test for derecognition of financial liabilities The amendment clarifies the fees that an entity includes when assessing whether the terms of a new or modified financial liability are substantially different from the terms of the original financial liability. These fees include only those paid or received between the borrower and the lender, including fees paid or received by either the borrower or lender on the other’s behalf. • Amendments to IAS 41, Agriculture, Taxation in Fair Value Measurements The amendment removes the requirement in paragraph 22 of IAS 41 that entities exclude cash flows for taxation when measuring the fair value of assets within the scope of IAS 41. These amendments have no material impact on our consolidated financial statements. Summary of Significant Accounting Policies The following is the summary of significant accounting policies we applied in preparing our consolidated financial statements. These policies have been consistently applied to all the years presented, unless otherwise stated. Business Combinations and Goodwill Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, measured at acquisition date fair value, and the amount of any noncontrolling interest in the acquiree. For each business combination, we elect whether to measure the components of the noncontrolling interest in the acquiree either at fair value or at the proportionate share of the acquiree’s identifiable net assets. Acquisition-related costs are expensed as incurred and included in selling, general and administrative expenses. When we acquire a business, we assess the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as at the acquisition date. This includes the separation of embedded derivatives in host contracts by the acquiree. If the business combination is achieved in stages, the previously held equity interest is remeasured at its acquisition date fair value and any resulting gain or loss is recognized in profit or loss. The fair value of previously held equity interest is then included in the amount of total consideration transferred. Any contingent consideration to be transferred by the acquirer will be recognized at fair value at the acquisition date. Contingent consideration that is classified as equity is not remeasured and subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument within the scope of IFRS 9 is measured at fair value with the changes in fair value recognized in profit or loss. In accordance with IFRS 9, other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognized in profit or loss. Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred and the amount recognized for noncontrolling interests and any previous interest held, over the net identifiable assets acquired and liabilities assumed. If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, we reassess whether we correctly identified all of the assets acquired and all of the liabilities assumed and review the procedures used to measure the amoun

Management's Use of Accounting

Management's Use of Accounting Judgments, Estimates and Assumptions	12 Months Ended
	Dec. 31, 2022
Managements Use Of Accounting Judgments Estimates And Assumptions [Abstract]
Management’s Use of Accounting Judgments, Estimates and Assumptions	3. Management’s Use of Accounting Judgments, Estimates and Assumptions The preparation of our consolidated financial statements in conformity with IFRS requires us to make judgments, estimates and assumptions that affect the reported amounts of our revenues, expenses, assets and liabilities and disclosure of contingent liabilities at the end of each reporting period. The uncertainties inherent in these assumptions and estimates could result in outcomes that could require a material adjustment to the carrying amount of the assets or liabilities affected in the future years. Judgments and estimates are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Judgments, key assumptions concerning the future, and other key sources of estimation uncertainty at the end of the reporting period, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period are consistent with those applied in the most recent annual financial statements. Selected critical judgments and estimates applied in the preparation of the consolidated financial statements are discussed below: Judgments In the process of applying our accounting policies, management has made judgments, apart from those involving estimations which have the most significant effect on the amounts recognized in our consolidated financial statements. Revenue Recognition Identifying performance obligations We identify performance obligations by considering whether the promised goods or services in the contract are distinct goods or services. A good or service is distinct when the customer can benefit from the good or service on its own or together with other resources that are readily available to the customer and our promise to transfer the good or service to the customer is separately identifiable from the other promises in the contract. Revenues earned from multiple element arrangements offered by our fixed line and wireless businesses are split into separately identifiable performance obligations based on their relative stand-alone selling price in order to reflect the substance of the transaction. The transaction price represents the best evidence of stand-alone selling price for the services we offer since this is the observable price we charge if our services are sold separately. We account for customer contracts in accordance with IFRS 15 and have concluded that the service (telecommunication service) and non-service components (handset or equipment) may be accounted for as separate performance obligations. The handset or equipment is delivered first, followed by the telecommunication service (which is provided over the contract/lock-in period of generally two years). Revenue attributable to the separate performance obligations are based on the allocation of the transaction price relative to the stand-alone selling price. Installation fees for voice and data services that are not custom built for the subscribers are considered as a single performance obligation together with monthly service fees, recognized over the customer subscription period since the subscriber cannot benefit from the installation services on its own or together with other resources that are readily available to the subscriber. On the other hand, installation fees of data services that are custom built for the subscribers are considered as a separate performance obligation and is recognized upon completion of the installation services. Activation fees for both voice and data services are also considered as a single performance obligation together with monthly service fees, recognized over the customer subscription period. Principal versus agent consideration We enter into contracts with our customers involving multiple deliverable arrangements. We determined that we control the goods before they are transferred to customers, and we have the ability to direct the use of the inventory. The following factors indicate that we control the goods before they are being transferred to customers. • We are primarily responsible for fulfilling the promise to provide the specified equipment; • We bear inventory risk on our inventory before it has been transferred to the customer; • We have discretion in establishing the prices for the other party’s goods or services and, therefore, the benefit that we can receive from those goods or services is not limited. It is incumbent upon us to establish the price of our services to be offered to our subscribers; and • Our consideration in these contracts is the entire consideration billed to the service provider. Based on the foregoing, we are considered the principal in our contracts with other service providers except for certain VAS arrangements. We have the primary obligation to provide the services to the subscriber. Timing of revenue recognition We recognize revenues from contracts with customers over time or at a point in time depending on our evaluation of when the customer obtains control of the promised goods or services and based on the extent of progress towards completion of the performance obligation. For the telecommunication service which is provided over the contract period of two or more years, revenue is recognized monthly as we provide the service because control is transferred over time. For the device which is sold at the inception of the contract, revenue is recognized at the time of delivery because control is transferred at a point in time. Identifying methods for measuring progress of revenue recognized over time We determine the appropriate method of measuring progress which is either through the use of input or output methods. Input method recognizes revenue on the basis of the entity’s efforts or inputs to the satisfaction of a performance obligation while output method recognizes revenue on the basis of direct measurements of the value to the customer of the goods or services transferred to date. Revenue from telecommunication services is recognized through the use of input method wherein recognition is over time based on the customer subscription period since the customer simultaneously receives and consumes the benefits as the seller renders the services. Significant financing component We concluded that the handset component included in contracts with customers has a significant financing component considering the period between the time of the transfer of control over the handset and the customer’s payment of the price of the handset, which is more than one year. In determining the interest to be applied to the amount of consideration, we concluded that the interest rate is the market interest rate adjusted with credit spread to reflect the customer credit risk that is commensurate with the rate that would be reflected in a separate financing transaction between us and our customer at contract inception. Estimation of stand-alone selling price We assessed that the service and non-service components represent separate performance obligations and thus, the amount of revenues should be recognized based on the allocation of the transaction price to the different performance obligations based on their stand-alone selling prices. The stand-alone selling price is the price at which we sell the good or service separately to a customer. However, if goods or services are not currently offered separately, we use the adjusted market or cost-plus margin method to determine the stand-alone selling price to be used in the revenue allocation. In terms of allocation of transaction price between performance obligations, we assessed that allocating the transaction price using the stand-alone selling prices of the services and handset will result in more revenue allocated to non-service component. The stand-alone selling price is based on the price in which we regularly sell the non-service and service component in a separate transaction. Financial Instruments Evaluation of business models in managing financial instruments We determine our business model at the level that best reflects how we manage groups of financial assets to achieve our business objective. Our business model is not assessed on an instrument-by-instrument basis, but a higher level of aggregated portfolios and is based on observable factors such as: a. How the performance of the business model and the financial assets held within that business model are evaluated and reported to the entity’s key management personnel; b. The risks that affect the performance of the business model (and the financial assets held within that business model) and, in particular, the way those risks are managed; and c. The expected frequency, value and timing of sales are also important aspects of our assessment. The business model assessment is based on reasonably expected scenarios without taking ‘worst case’ or ‘stress case’ scenarios into account. If cash flows after initial recognition are realized in a way that is different from our original expectations, we do not change the classification of the remaining financial assets held in that business model, but incorporates such information when assessing newly originated or newly purchased financial assets going forward. We have determined that for cash and cash equivalents, short-term investments, investment in debt securities and other long-term investments, and trade and other receivables, the business model is to collect the contractual cash flows until maturity. IFRS 9, however, emphasizes that if more than an infrequent number of sales are made out of a portfolio and those sales are more than insignificant in value, of financial assets carried at amortized cost, we should assess whether and how such sales are consistent with the objective of collecting contractual cash flows. Definition of default and credit-impaired financial assets We define a financial instrument as in default, which is fully aligned with the definition of credit-impaired, when it meets one or more of the following criteria: • Quantitative criteria For trade receivables and all other financial assets subject to impairment, default occurs when the receivable becomes 90 days past due, except for trade receivables from Corporate subscribers, which are determined to be in default when the receivables become 120 days past due. • Qualitative criteria The counterparty meets unlikeliness to pay criteria, which indicates the counterparty is in significant financial difficulty. These are instances where: a. The counterparty is experiencing financial difficulty or is insolvent; b. The counterparty is in breach of financial covenant(s); c. An active market for that financial assets has disappeared because of financial difficulties; d. Concessions have been granted by us, for economic or contractual reasons relating to the counterparty’s financial difficulty; e. It is becoming probable that the counterparty will enter bankruptcy or other financial reorganization; and f. Financial assets are purchased or originated at a deep discount that reflects the incurred credit losses. The criteria above have been applied to all financial instruments, except FVPL, held by us and are consistent with the definition of default used for internal credit risk management purposes. The default definition has been applied consistently to the ECL models throughout our expected loss calculation. Significant increase in credit risk At each reporting date, we assess whether there has been a significant increase in credit risk for financial assets since initial recognition by comparing the risk of default occurring over the expected life between the reporting date and the date of initial recognition. We consider reasonable and supportable information that is relevant and available without undue cost or effort for this purpose. This includes quantitative and qualitative information and forward-looking analysis. An exposure will migrate through the ECL stages as asset quality deteriorates. If, in a subsequent period, asset quality improves and also reverses any previously assessed significant increase in credit risk since origination, then the loss allowance measurement reverts from lifetime ECL to 12-month ECL. Using our judgment and, where possible, relevant historical experience, we may determine that an exposure has undergone a significant increase in credit risk based on particular qualitative indicators that we consider are indicative of such and whose effect may not otherwise be fully reflected in its quantitative analysis on a timely basis. As a backstop, we consider that a significant increase in credit risk occurs no later than when an asset is more than 30 days past due. Days past due are determined by counting the number of days since the earliest elapsed due date in respect of which full payment has not been received. Due dates are determined without considering any grace period that might be available to the counterparty. Exposures that have not deteriorated significantly since origination, or where the deterioration remains within our investment grade criteria, or which are less than 30 days past due, are considered to have a low credit risk. The provision for credit losses for these financial assets is based on a 12-month ECL. The low credit risk exemption has been applied on debt investments that meet the investment grade criteria of the PLDT Group. Determination of functional currency The functional currencies of the entities under the PLDT Group are the currency of the primary economic environment in which each entity operates. It is the currency that mainly influences the revenue from and cost of rendering products and services. The presentation currency of the PLDT Group is the Philippine Peso. Based on the economic substance of the underlying circumstances relevant to the PLDT Group, the functional currency of all entities under the PLDT Group is the Philippine Peso, except for (a) FECL Group, PLDT Global and certain of its subsidiaries, PGNL and certain of its subsidiaries, Chikka and certain of its subsidiaries and PGIC, which use the U.S. Dollar; (b) iCommerce, CPL and AGSPL, which use the Singaporean Dollar; (c) AGS Indonesia, which uses the Indonesian Rupiah; and (d) PLDT Malaysia Sdn Bhd, which use the Malaysian Ringgit. Determining the lease term of contracts with renewal and termination options – Company as a Lessee Upon adoption of IFRS 16, we applied a single recognition and measurement approach for all leases, except for short-term leases and leases of ‘low-value’ assets. See Section Leases for the accounting policy. We determine the lease term as the non-cancellable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised. We, as the lessee, have the option, under some of our lease agreements to lease the assets for additional terms. We apply judgment in evaluating whether it is reasonably certain to exercise the option to renew. That is, we consider all relevant factors that create an economic incentive for us to exercise the renewal. After the commencement date, we reassess the lease term if there is a significant event or change in circumstances that is within our control and affects our ability to exercise or not to exercise the option to renew or to terminate (e.g., a change in business strategy). We included the renewal period as part of the lease term for leases such as poles and leased circuits due to the significance of these assets to our operations. These leases have a non-cancellable period (i.e., one to 30 years) and there will be a significant negative effect on our provision of services if a replacement is not readily available. Furthermore, the periods covered by termination options are included as part of these lease term only when they are reasonably certain not to be exercised. See Note 10 – Leases for information on potential future payments relating to periods following the exercise date of extension and termination options that are not included in the lease term. Total depreciation of ROU assets amounted to Php 5,716 million, Php 5,388 million and Php 4,940 million for the years ended December 31, 2022, 2021 and 2020, respectively. Total lease liabilities amounted to Php 42,435 million and Php 21,686 million as at December 31, 2022 and 2021, respectively. See Note 10 – Leases and Note 28 – Financial Assets and Liabilities. Sale and Leaseback of Telecom Towers The accounting for sale and leaseback transaction depends on whether the transfer of the asset qualifies as a sale. We applied judgment to determine whether the transfer of asset is accounted for as a sale based on the requirements for determining when a performance obligation is satisfied in IFRS 15. We also applied estimates and judgment in determining many aspects, among others, the passive telecom assets and land lease as unit of accounts, the fair value of the towers sold, the measurement of the ROU assets retained by us and determining an appropriate discount rate to calculate the present value of the minimum lease payments. Assets classified as held-for-sale The criteria for held-for-sale classification is regarded as met only when the sale is highly probable, and the asset is available for immediate sale in its present condition. Actions required to complete the sale should indicate that it is unlikely that significant changes to the sale will be made or that the decision to sell will be withdrawn. Smart and DMPI entered into sale and purchase agreements with certain tower companies in connection with the sale of telecom towers and related passive telecom infrastructure. The closing of the agreements will be on a staggered basis depending on the satisfaction of closing conditions based on the number of towers transferred and is expected to be completed in 2023. With this agreement, we believe that certain conditions were met that qualified the related assets to be reclassified as held-for-sale. Accounting for investments in MediaQuest Holdings, Inc., or MediaQuest, through Philippine Depositary Receipts, or PDRs ePLDT made various investments in PDRs issued by MediaQuest in relation to its direct interest in Satventures, Inc., or Satventures, and indirect interest in Cignal TV, Inc., or Cignal TV. Based on our judgment, at the PLDT Group level, ePLDT’s investments in PDRs gives ePLDT a significant influence over Satventures and Cignal TV as evidenced by provision of essential technical information and material transactions among PLDT, Smart, Satventures and Cignal TV, and thus are accounted for as investments in associates using the equity method. See related discussion on Note 11 – Investments in Associates and Joint Ventures – Investments in Associates – Investment of ePLDT in MediaQuest PDRs . Accounting for investment of PCEV in Maya Bank, Inc., or Maya Bank The shareholders’ agreement of Voyager Finserve Corporation, or VFC, and Paymaya Finserve Corporation, or PFC, (collectively known as the Bank Holdcos) requires affirmative vote of at least one director nominated by both PCEV and VIH to direct the relevant activities of the Bank HoldCos. The Bank HoldCos were incorporated for the sole purpose of holding shares or equity investments in Maya Bank. Because of the contractual arrangement between the parties, the investments in the Bank HoldCos are accounted as joint venture. See Note 11 – Investments in Associates and Joint Ventures – Investments in Associates – Investment of PCEV in Maya Bank . Assessment of loss of control over PG1 PLDT assesses the consequences of changes in the ownership interest in a subsidiary that may result in a loss of control as well as the consequence of losing control of a subsidiary during the reporting period. Whether or not PLDT retains control over the subsidiary depends on an evaluation of a number of factors that indicate if there are changes to one or more of the three elements of control. When PLDT has less than majority of the voting rights or similar rights to an investee, the Company considers all relevant facts and circumstances in assessing whether it has power over an investee, including, among others, representation on its board of directors, voting rights, and other rights of other investors, including their participation in significant decisions made in the ordinary course of business. As a result of the acquired equity interest of Philex Mining Corporation, MPIC, and Roxas Holdings, Inc. in PG1, PLDT’s ownership interest was diluted to 47.6 %. In addition, PG1 appointed a new director bringing the total number of PG1 directors to nine . PLDT retained four out of nine total board seats. Consequently, as at February 28, 2022, PLDT lost its control over PG1 and accounted for its remaining interest as investment in associate. See Note 11 – Investments in Associates and Joint Ventures – Investments in Associates – Investment of PLDT in PG1 . As at December 31, 2022 and 2021, PLDT holds 47.6 % and 65.3 % interest over PG1, respectively. Accounting for investments in Vega Telecom Inc., or VTI, Bow Arken Holdings Company, or Bow Arken, and Brightshare Holdings, Inc., or Brightshare On May 30, 2016, PLDT acquired a 50 % equity interest in each of VTI, Bow Arken and Brightshare. See related discussion on Note 11 – Investments in Associates and Joint Ventures – Investments in Joint Ventures . Based on the Memorandum of Agreement, PLDT and Globe Telecom, Inc., or Globe, each has the right to appoint half the members of the Board of Directors of each of VTI, Bow Arken and Brightshare, as well as the (i) co-Chairman of the Board; (ii) co-Chief Executive Officer and President; and (iii) co-Controller where any matter requiring their approval shall be deemed passed or approved if the consents of both co-officers holding the same position are obtained. All decisions of each Board of Directors may only be approved if at least one director nominated by each of PLDT and Globe votes in favor of it. Based on these rights, PLDT and Globe have joint control over VTI, Bow Arken and Brightshare, which is defined in IFRS 11 , Joint Arrangements, as a contractually agreed sharing of control of an arrangement and exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. Consequently, PLDT and Globe classified the joint arrangement as a joint venture in accordance with IFRS 11 given that PLDT and Globe each has the right to 50 % of the net assets of VTI, Bow Arken and Brightshare and their respective subsidiaries. Accordingly, PLDT accounted for the investment in VTI, Bow Arken and Brightshare using the equity method of accounting in accordance with IAS 28. Under the equity method of accounting, the investment is initially recognized at cost and adjusted thereafter for the post-acquisition change in the investor’s share of the investee’s net assets. See Note 11 – Investments in Associates and Joint Ventures – Investment in Joint Ventures – Investments of PLDT in VTI, Bow Arken and Brightshare . Material partly-owned subsidiaries Our consolidated financial statements include additional information about subsidiaries that have non-controlling interest, or NCI, that are material to us, see Note 6 – Components of Other Comprehensive Loss . We determined material partly-owned subsidiaries as those with balance of NCI greater than 5 % of the total equity as at December 31, 2022 and 2021. Material associates and joint ventures Our consolidated financial statements include additional information about associates and joint ventures that are material to us. See Note 11 – Investments in Associates and Joint Ventures . We determined material associates and joint ventures are those investees where our carrying amount of investments is greater than 5 % of the total investments in associates and joint ventures as at December 31, 2022 and 2021. Determining Taxable Profit, Tax Bases, Unused Tax Losses, Unused Tax Credits and Tax Rates We assess whether we have any uncertain tax position and applies significant judgment in identifying uncertainties over our income tax treatments. We determined based on our assessment that it is probable that our income tax treatments (including those for the subsidiaries) will be accepted by the taxation authorities. CREATE Act On March 26, 2021, the Philippine President signed into law Republic Act No. 11534, or the CREATE Act, which introduced reforms to the corporate income tax and incentives systems. It took effect 15 days after its complete publication in the Official Gazette or in a newspaper of general circulation, or on April 11, 2021. The CREATE Act provides for the following reduction in corporate income tax rates, among others: • Lower corporate income tax from 30 % to 25 %, retroactive to July 1, 2020, for both domestic and foreign corporations; • Lower corporate income tax of 20 % for small and medium domestic corporations (with net taxable income of Php5 million and below, and with total assets of not more than Php100 million excluding land); and • Lower MCIT from 2 % to 1 % effective July 1, 2020 until June 30, 2023. The CREATE Act was not considered substantially enacted as at December 31, 2020 and its passage into law on March 26, 2021 is considered as a non-adjusting subsequent event for 2020. Accordingly, current and deferred taxes as at and for the year ended December 31, 2020 were computed and measured using the applicable tax rates as at December 31, 2020 (i.e. 30 % RCIT / 2 % MCIT) for financial reporting purposes. Under the CREATE Act, the lower regular corporate income tax rate of 25 % applies retroactively to July 1, 2020. • Based on the provisions of BIR Revenue Regulations (RR) No. 05-2021 dated April 8, 2021, the applicable statutory tax rate for the calendar year ended December 31, 2020 is 27.5 %. This resulted in a reduction of provision for current income tax amounting to Php 485 million, which was reflected as an adjustment in the 2020 Annual Income Tax Returns; and • Deferred income tax assets and liabilities as at December 31, 2020 are remeasured using the applicable statutory tax rate of 25 % under the CREATE Act. This resulted in lower net deferred income tax assets and liabilities as at December 31, 2020 of Php 3,125 million and additional provision for deferred income tax of Php 579 million. The above adjustments in income tax provision were recognized in the first quarter of 2021. Meanwhile, the tax rates provided for under the CREATE Act were used for the years ended December 31, 2022 and 2021. Estimates and Assumptions The key estimates and assumptions concerning the future and other key sources of estimation uncertainty at the end of the reporting period that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities recognized in our consolidated financial statements within the next financial year are discussed below. We based our estimates and assumptions on parameters available when our consolidated financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising beyond our control. Such changes are reflected in the assumptions when they occur. Leases – Estimating the incremental borrowing rate, or IBR In calculating the present value of lease payments, we use the IBR at the lease commencement date if the interest rate implicit in the lease is not readily determinable. IBR is the rate of interest that a lessee would have to pay to borrow over a similar term, similar security, the funds necessary to obtain an asset of a similar value to the ROU asset in a similar economic environment. We use benchmark rates from partner banks based on the tenor of our loan borrowings plus a spread adjustment based on our credit worthiness. Our lease liabilities amounted to Php 42,435 million and Php 21,686 million as at December 31, 2022 and 2021, respectively. See Note 10 – Leases. Loss of control over VIH – Fair value measurement of interest retained A deemed disposal occurs where the proportionate interest of PLDT in a subsidiary is reduced other than by an actual disposal, for example, by the issuance of shares to a third-party investor by the subsidiary. When PLDT no longer has control, the remaining interest is measured at fair value as at the date the control was lost. In determining the fair value of PLDT’s retained interest in VIH, we take into account recent transactions and all the facts and circumstances surrounding the transactions such as timing, transaction size, transaction frequency, and motivations of the investors. We carefully assess the accounting implications of the stipulation in the shareholders’ agreements and consider whether such a transaction has been made at arm’s length. See Note 11 – Investments in Associates and Joint Ventures – Investments in Associates – Investment of PCEV in VIH . Impairment of non-financial assets IFRS requires that an impairment review be performed when certain impairment indicators are present. In the case of goodwill and intangible assets with indefinite useful life, at a minimum, such assets are subject to an impairment test annually and whenever there is an indication that such assets may be impaired. This requires an estimation of the VIU of the CGUs to which these assets are allocated. The VIU calculation requires us to make an estimate of the expected future cash flows from the CGU and to choose a suitable discount rate in order to calculate the present value of those cash flows. See Note 15 – Goodwill and Intangible Assets – Impairment Testing of Goodwill for the key assumptions used to determine the VIU of the relevant CGUs. Determining the recoverable amount of property and equipment, ROU assets, investments in associates and joint ventures, goodwill and intangible assets, prepayments and other noncurrent assets, requires us to make estimates and assumptions in the determination of future cash flows expected to be generated from the continued use and ultimate disposition of such assets. Future events could cause us to conclude that property and equipment, ROU assets, investments in associates and joint ventures, intangible assets and other noncurrent assets associated with an acquired business are impaired. Any resulting impairment loss could have a material adverse impact on our financial position and financial performance. The preparation of estimated future cash flows involves significant estimations and assumptions of future market conditions. While we believe that our assumptions are appropriate and reasonable, significant changes in our assumptions may materially affect our assessment of recoverable values and may lead to future impairment charges under IFRS. See Note 4 – Operating Segment Information, Note 5 – Income and Expenses – Asset Impairment, and Note 9 – Property and Equipment . The carrying values of our property and equipment, ROU assets, investments in associates and joint ventures, investment properties, goodwill and intangible assets, and prepayments are separately disclosed in Note 9 – Property and Equipment, Note 10 – Leases, Note 11 – Investments in Associates and Joint Ventures, Note 14 – Investment Properties, Note 15 – Goodwill and Intangible Assets and Note 19 – Prepayments, respectively. Estimating useful lives of property and equipment We estimate the useful lives of each item of our property and equipment based on the periods over which our assets are expected to be available for use. Our estimation of the useful lives of our property and equipment is also based on our collective assessment of industry practice, internal technical evaluation and experience with similar assets. The estimated useful lives of each assets are reviewed every year-end and updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limitations on the use of our assets. It is possible, however, that future results of operations could be materially affected by changes in our estimates brought about by changes in the factors mentioned above. The amounts and timing of recorded expenses for any period would be affected by changes in these factors and circumstances. A reduction in the estimated useful lives of our property and equipment would increase our recorded depreciation and decrease the carrying amount of our propert

Operating Segment Information

Operating Segment Information	12 Months Ended
	Dec. 31, 2022
Disclosure of operating segments [abstract]
Operating Segment Information	4. Operating Segment Information Operating segments are components of the PLDT Group that engage in business activities from which they may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of PLDT Group). The operating results of these operating segments are regularly reviewed by the Management Committee to make decisions about how resources are to be allocated to each of the segments and to assess their performances, and for which discrete financial information is available. For management purposes, we are organized into business units based on our products and services. We have three reportable operating segments as follows: • Wireless – mobile telecommunications services provided by Smart and DMPI, our mobile service providers; SBI and PDSI, our wireless broadband service providers; and certain subsidiaries of PLDT Global, our mobile virtual network operations, or MVNO, provider; • Fixed Line – fixed line telecommunications services primarily provided by PLDT. We also provide fixed line services through PLDT’s subsidiaries, namely, ClarkTel, BCC and PLDT Global and certain subsidiaries; data center, cloud, cyber security services, managed information technology services and resellership through ePLDT and its subsidiaries; full-service customer rewards and loyalty programs provided by MRSI; distribution of Filipino channels and content through PGNL and its subsidiaries; and software development and IT solutions provided by Multisys; and • Others – PCEV, PGIH, PLDT Digital and its subsidiaries, our investment companies. See Note 2 – Summary of Significant Accounting Policies for further discussion. The chief operating decision maker, which we refer to as the Management Committee monitors the operating results of each business unit separately for purposes of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on net income for the year; earnings before interest, taxes, and depreciation and amortization, or EBITDA; EBITDA margin; and core income. Net income for the year is measured consistent with net income in our consolidated financial statements. EBITDA for the year is measured as net income excluding depreciation and amortization, amortization of intangible assets, asset impairment on noncurrent assets, financing costs – net, interest income, equity share in net earnings (losses) of associates and joint ventures, foreign exchange gains (losses) – net, gains (losses) on derivative financial instruments – net, provision for (benefit from) income tax and other income (expenses) – net. EBITDA margin for the year is measured as EBITDA divided by service revenues. Core income for the year is measured as net income attributable to equity holders of PLDT (net income less net income attributable to noncontrolling interests), excluding foreign exchange gains (losses) – net, gains (losses) on derivative financial instruments – net (excluding hedge costs), asset impairment on noncurrent assets, other non-recurring gains (losses), net of tax effect of aforementioned adjustments, as applicable, and similar adjustments to equity share in net earnings (losses) of associates and joint ventures. Telco core income for the year is measured as net income attributable to equity holders of PLDT (net income less net income attributable to noncontrolling interests), excluding foreign exchange gains (losses) – net, gains (losses) on derivative financial instruments – net (excluding hedge costs), asset impairment on noncurrent assets, non-recurring gains (losses), net of tax effect of aforementioned adjustments, as applicable, and similar adjustments to equity share in net earnings (losses) of associates and joint ventures, adjusted for the effect of the share in VIH losses, asset sales, and accelerated depreciation. Telco core income is used by the management as a basis for determining the level of dividend payouts to shareholders and one of the bases for granting incentives to employees. Segment revenues, segment expenses and segment results include transfers between business segments. These transfers are eliminated in full upon consolidation. Core earnings per common share, or core EPS, for the year is measured as core income divided by the weighted average number of outstanding common shares. See Note 8 – Earnings Per Common Share for the weighted average number of common shares. EBITDA, EBITDA margin, core income and core EPS are non-IFRS measures. The amounts of segment assets and liabilities and segment profit or loss are based on measurement principles that are similar to those used in measuring the assets and liabilities and profit or loss in our consolidated financial statements, which is in accordance with IFRS. The segment revenues, net income, and other segment information of our reportable operating segments for the years ended December 31, 2022, 2021 and 2020, and as at December 31, 2022 and 2021 are as follows: Wireless Fixed Line Others Inter- Consolidated (in million pesos, except for EBITDA margin) December 31, 2022 Revenues External customers 103,482 101,763 — — 205,245 Service revenues 95,060 101,167 — — 196,227 Non-service revenues 8,422 596 — — 9,018 Inter-segment transactions 792 26,949 — ( 27,741 ) — Service revenues 792 26,949 — ( 27,741 ) — Non-service revenues — — — — — Total revenues 104,274 128,712 — ( 27,741 ) 205,245 Results Depreciation and amortization 52,660 55,790 — ( 9,736 ) 98,714 Asset impairment 1,173 4,933 1 — 6,107 Interest income 451 202 14 ( 14 ) 653 Equity share in net losses of associates and joint ventures — ( 253 ) ( 3,051 ) — ( 3,304 ) Financing costs – net 8,349 6,107 — ( 2,690 ) 11,766 Provision for (benefit from) income tax 3,793 ( 1,025 ) ( 134 ) 140 2,774 Net income (loss) / Segment profit (loss) 15,104 16,185 ( 2,669 ) ( 17,885 ) 10,735 EBITDA 53,260 50,382 ( 12 ) ( 9,685 ) 93,945 EBITDA margin 56 % 39 % — — 48 % Core income (loss) 13,034 38,448 ( 2,959 ) ( 17,956 ) 30,567 Telco core income (loss) 13,034 37,970 68 ( 17,956 ) 33,116 Assets and liabilities Operating assets 310,549 257,976 10,768 ( 24,313 ) 554,980 Investments in associates and joint ventures 40 43,304 8,202 — 51,546 Deferred income tax assets – net 6,871 9,280 53 1,432 17,636 Total assets 317,460 310,560 19,023 ( 22,881 ) 624,162 Operating liabilities 246,170 272,489 1,630 ( 10,292 ) 509,997 Deferred income tax liabilities — 204 — — 204 Total liabilities 246,170 272,693 1,630 ( 10,292 ) 510,201 Other segment information Capital expenditures, including capitalized interest (Note 9) (a) 46,636 50,174 — — 96,810 (a) Wireless Fixed Line Others Inter- Consolidated (in million pesos, except for EBITDA margin) December 31, 2021 Revenues External customers 105,492 87,765 — — 193,257 Service revenues 98,512 87,239 — — 185,751 Non-service revenues 6,980 526 — — 7,506 Inter-segment transactions 1,127 29,298 — ( 30,425 ) — Service revenues 1,127 29,290 — ( 30,417 ) — Non-service revenues — 8 — ( 8 ) — Total revenues 106,619 117,063 — ( 30,425 ) 193,257 Results Depreciation and amortization 40,459 22,139 — ( 10,429 ) 52,169 Asset impairment 1,241 3,743 1 — 4,985 Interest income 355 275 26 — 656 Equity share in net gains (losses) of associates and joint ventures — 103 ( 1,204 ) — ( 1,101 ) Financing costs – net 7,551 6,029 — ( 3,166 ) 10,414 Provision for (benefit from) income tax 3,366 4,103 ( 270 ) 279 7,478 Net income (loss) / Segment profit (loss) 9,434 26,146 384 ( 9,288 ) 26,676 EBITDA 60,876 45,832 ( 7 ) ( 10,801 ) 95,900 EBITDA margin 61 % 39 % — — 52 % Core income (loss) 13,645 26,298 ( 666 ) ( 9,340 ) 29,937 Telco core income (loss) 13,645 25,736 192 ( 9,340 ) 30,233 Assets and liabilities Operating assets 299,513 285,083 7,351 ( 32,368 ) 559,579 Investments in associates and joint ventures 39 43,519 9,806 — 53,364 Deferred income tax assets – net 4,695 8,433 ( 81 ) 338 13,385 Total assets 304,247 337,035 17,076 ( 32,030 ) 626,328 Operating liabilities 213,219 293,162 1,023 ( 8,710 ) 498,694 Deferred income tax liabilities — 169 — — 169 Total liabilities 213,219 293,331 1,023 ( 8,710 ) 498,863 Other segment information Capital expenditures, including capitalized interest (Note 9) 36,898 52,085 — — 88,983 Wireless Fixed Line Others Inter- Consolidated (in million pesos, except for EBITDA margin) December 31, 2020 Revenues External customers 101,789 79,215 — — 181,004 Service revenues 95,748 77,886 — — 173,634 Non-service revenues 6,041 1,329 — — 7,370 Inter-segment transactions 2,422 19,524 — ( 21,946 ) — Service revenues 2,422 19,524 — ( 21,946 ) — Non-service revenues — — — — — Total revenues 104,211 98,739 — ( 21,946 ) 181,004 Results Depreciation and amortization 35,134 19,383 — ( 7,037 ) 47,480 Asset impairment 2,196 5,490 1 ( 41 ) 7,646 Interest income 537 636 92 ( 55 ) 1,210 Equity share in net gains (losses) of associates and joint ventures — ( 50 ) 2,378 — 2,328 Financing costs – net 6,886 6,059 55 ( 2,914 ) 10,086 Provision for (benefit from) income tax 4,536 3,734 ( 617 ) 788 8,441 Net income (loss) / Segment profit (loss) 15,166 14,509 ( 318 ) ( 4,777 ) 24,580 EBITDA 60,272 33,405 ( 12 ) ( 7,507 ) 86,158 EBITDA margin 61 % 34 % — — 50 % Core income (loss) 16,440 15,463 193 ( 4,967 ) 27,129 Telco core income (loss) 17,217 13,649 2,188 ( 4,967 ) 28,087 Assets and liabilities Operating assets 219,412 319,384 6,371 ( 41,000 ) 504,167 Investments in associates and joint ventures 40 43,690 8,393 — 52,123 Deferred income tax assets – net 6,943 11,628 ( 350 ) 1,335 19,556 Total assets 226,395 374,702 14,414 ( 39,665 ) 575,846 Operating liabilities 227,687 274,614 1,457 ( 48,303 ) 455,455 Deferred income tax liabilities 23 330 — 373 726 Total liabilities 227,710 274,944 1,457 ( 47,930 ) 456,181 Other segment information Capital expenditures, including capitalized interest (Note 9) 33,118 38,786 — — 71,904 The following table shows the reconciliation of our consolidated net income to our consolidated EBITDA for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (in million pesos) Consolidated net income 10,735 26,676 24,580 Add (deduct) adjustments: Depreciation and amortization (Notes 9 and 10) 98,714 52,169 47,480 Financing costs – net (Note 5) 11,766 10,414 10,086 Foreign exchange losses (gains) – net (Notes 5 and 28) 4,685 3,890 ( 1,488 ) Equity share in net losses of associates and joint ventures (Note 11) 3,304 1,101 2,328 Provision for income tax (Note 7) 2,774 7,478 8,441 Other non-recurring expenses 504 148 — Amortization of intangible assets (Note 15) 228 2,822 2,496 Interest income (Note 5) ( 653 ) ( 656 ) ( 1,210 ) Loss (gains) on derivative financial instruments – net (Note 28) ( 2,322 ) ( 1,400 ) 378 Other income (expenses) – net ( 35,790 ) ( 6,742 ) ( 6,933 ) Net loss (gain) on debt modification (Note 5) 295 ( 1,372 ) — VIH gain on dilution of shares (Notes 5 and 11) ( 660 ) ( 826 ) ( 394 ) Income from prescription of preferred shares redemption liability (Note 20) ( 7,839 ) — — Gain on sale and leaseback of telecom towers – gross of expenses (Note 9) ( 25,234 ) — — Others ( 2,352 ) ( 4,544 ) ( 6,539 ) Total adjustments 83,210 69,224 61,578 Consolidated EBITDA 93,945 95,900 86,158 The following table shows the reconciliation of our consolidated net income to our consolidated core income and telco core income for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (in million pesos) Consolidated net income 10,735 26,676 24,580 Add (deduct) adjustments: Accelerated depreciation 51,204 1,110 — Manpower rightsizing program, or MRP (Note 5) 5,028 269 2,625 Foreign exchange losses – net (Notes 5 and 28) 4,685 3,890 ( 1,488 ) Other non-recurring expenses 810 — — Net loss (gain) on debt modification – net of amortization of debt 470 ( 1,339 ) — Impairment of investments and investment derecognized (Notes 11 and 12) 50 60 659 Sun Trademark amortization (Note 15) — 2,628 1,877 Losses from changes in fair value of financial assets at FVPL — 174 — CREATE Act impact for prior year deferred taxes — ( 355 ) — Core income adjustment on equity share in net income of associates and ( 195 ) ( 7 ) ( 6 ) Net income attributable to noncontrolling interests ( 250 ) ( 309 ) ( 296 ) Loss (gains) on derivative financial instruments – net, excluding hedge costs (Note 28) ( 2,572 ) ( 1,651 ) 284 Income from prescription of preferred shares redemption liability (Note 20) ( 7,839 ) — — Gain on sale and leaseback of telecom towers – net of expenses (Note 9) ( 24,563 ) — — Net tax effect of aforementioned adjustments ( 6,996 ) ( 1,209 ) ( 1,106 ) Total adjustments 19,832 3,261 2,549 Consolidated core income 30,567 29,937 27,129 Add (deduct) adjustments: Share in VIH losses 3,239 1,981 1,954 Accelerated depreciation – net of tax — — 1,496 Loss on sale of Rocket Internet SE shares — — 364 Gain from condonation of debt — — ( 240 ) Gain on sale and leaseback of Smart Headquarters – net of tax — — ( 2,293 ) Gain on asset sales – net of tax (Note 5) ( 30 ) ( 983 ) — VIH gain on dilution – net of tax ( 660 ) ( 702 ) ( 323 ) Total adjustments 2,549 296 958 Telco core income 33,116 30,233 28,087 The following table shows the reconciliation of our consolidated basic and diluted core EPS to our consolidated basic and diluted EPS attributable to common equity holder of PLDT for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 Basic Diluted Basic Diluted Basic Diluted Consolidated core EPS 141.20 141.20 138.29 138.29 125.29 125.29 Add (deduct) adjustments: Gain on sale and leaseback of telecom towers – 86.95 86.95 — — — — Income from prescription of preferred redemption 27.21 27.21 — — — — Gains on derivative financial instruments – 8.93 8.93 5.73 5.73 ( 0.92 ) ( 0.92 ) Core income adjustment on equity share in net income of associates and joint ventures 0.90 0.90 0.03 0.03 0.03 0.03 CREATE Act impact on deferred taxes – net — — 1.64 1.64 — — Losses from changes in fair value of financial assets — — ( 0.81 ) ( 0.81 ) — — Sun Trademark amortization — — ( 9.12 ) ( 9.12 ) ( 6.08 ) ( 6.08 ) Impairment of investments ( 0.23 ) ( 0.23 ) ( 0.28 ) ( 0.28 ) ( 3.05 ) ( 3.05 ) Net gains (loss) on debt modification – ( 1.63 ) ( 1.63 ) 4.65 4.65 — — Impairment of property and equipment ( 3.60 ) ( 3.60 ) — — — — Foreign exchange losses – net ( 16.26 ) ( 16.26 ) ( 13.50 ) ( 13.50 ) 5.36 5.36 MRP ( 17.46 ) ( 17.46 ) ( 1.02 ) ( 1.02 ) ( 8.51 ) ( 8.51 ) Accelerated depreciation ( 177.75 ) ( 177.75 ) ( 3.85 ) ( 3.85 ) — — Total adjustments ( 92.94 ) ( 92.94 ) ( 16.53 ) ( 16.53 ) ( 13.17 ) ( 13.17 ) Consolidated EPS attributable to common equity 48.26 48.26 121.76 121.76 112.12 112.12 The following table presents our revenues from external customers by category of products and services for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (in million pesos) Wireless services Service revenues: Mobile 93,029 95,619 95,589 Home broadband 2,028 2,889 40 MVNO and others 3 4 119 95,060 98,512 95,748 Non-service revenues: Sale of mobile handsets and broadband data modems 8,422 6,980 6,041 Total wireless revenues 103,482 105,492 101,789 Fixed line services Service revenues: Voice 22,249 20,222 19,484 Data 78,692 66,760 58,064 Miscellaneous 226 257 338 101,167 87,239 77,886 Non-service revenues: Sale of computers, phone units and SIM cards 495 454 1,140 Point-product-sales 101 72 189 596 526 1,329 Total fixed line revenues 101,763 87,765 79,215 Total revenues 205,245 193,257 181,004 Disclosure of the geographical distribution of our revenues from external customers and the geographical location of our total assets are not provided since majority of our consolidated revenues are derived from our operations within the Philippines. There is no revenue transaction with a single external customer that accounted for 10% or more of our consolidated revenues from external customers for the years ended December 31, 2022, 2021 and 2020.

Income and Expenses

Income and Expenses	12 Months Ended
	Dec. 31, 2022
Analysis of income and expense [abstract]
Income and Expenses	5. Income and Expenses Revenues from Contracts with Customers Disaggregation of Revenue We derived our revenue from the transfer of goods and services over time and at a point in time in the following major product lines. This is consistent with the revenue information that is disclosed for each reportable segment under IFRS 8, Operating Segments . See Note 4 – Operating Segment Information . Set out is the disaggregation of PLDT Group’s revenues from contracts with customers for the years ended December 31, 2022, 2021 and 2020: Revenue Streams Wireless Fixed Line Others Inter- Consolidated (in million pesos) December 31, 2022 Type of good or service Service revenue 95,852 128,116 — ( 27,741 ) 196,227 Non-service revenue 8,422 596 — — 9,018 Total revenues from contracts with customers 104,274 128,712 — ( 27,741 ) 205,245 Timing of revenue recognition Transferred over time 95,852 128,116 — ( 27,741 ) 196,227 Transferred at a point time 8,422 596 — — 9,018 Total revenues from contracts with customers 104,274 128,712 — ( 27,741 ) 205,245 December 31, 2021 Type of good or service Service revenue 99,639 116,529 — ( 30,417 ) 185,751 Non-service revenue 6,980 534 — ( 8 ) 7,506 Total revenues from contracts with customers 106,619 117,063 — ( 30,425 ) 193,257 Timing of revenue recognition Transferred over time 99,639 116,529 — ( 30,417 ) 185,751 Transferred at a point time 6,980 534 — ( 8 ) 7,506 Total revenues from contracts with customers 106,619 117,063 — ( 30,425 ) 193,257 December 31, 2020 Type of good or service Service revenue 98,170 97,410 — ( 21,946 ) 173,634 Non-service revenue 6,041 1,329 — — 7,370 Total revenues from contracts with customers 104,211 98,739 — ( 21,946 ) 181,004 Timing of revenue recognition Transferred over time 98,170 97,410 — ( 21,946 ) 173,634 Transferred at a point time 6,041 1,329 — — 7,370 Total revenues from contracts with customers 104,211 98,739 — ( 21,946 ) 181,004 Contract Balances Contract balances as at December 31, 2022 and 2021 consists of the following: 2022 2021 (in million pesos) Trade and other receivables (Note 17) 39,916 35,625 Contract assets 2,278 2,306 Contract liabilities and unearned revenues (Notes 22 and 24) 17,114 13,621 The increase in gross trade and other receivables of Php 4,291 million as at December 31, 2022 was primarily due to the billing of new connections/installations. The decrease of Php 28 million in contract assets as at December 31, 2022 was due to more subscribers availing devices with cash out/amortization resulting to lower IFRS adjustment. The increase of Php 3,493 million in contract liabilities and unearned revenues as at December 31, 2022 was mainly due to installation fees charged for new contracts and new IRU contract. Set out below is the movement in the allowance for expected credit losses of contracts assets for the years ended December 31, 2022, 2021 and 2020. 2022 2021 2020 (in million pesos) Balances at beginning of the year 55 92 70 Provisions 4 32 — Reclassification ( 14 ) ( 69 ) 22 Balances at end of the year 45 55 92 Changes in the contract liabilities and unearned revenues accounts for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Balances at beginning of the year 13,621 9,571 8,483 Deferred during the year 123,218 138,346 127,160 Recognized as revenue during the year ( 119,725 ) ( 134,296 ) ( 126,072 ) Balances at end of the year 17,114 13,621 9,571 The contract liabilities and unearned revenues accounts as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Unearned revenues from prepaid contracts 5,842 6,716 Leased facilities 4,938 2,045 Short-term advances for installation services 4,180 2,355 Advance monthly service fees 2,136 2,476 Long-term advances from equipment 18 29 Total contract liabilities and unearned revenues 17,114 13,621 Contract liabilities: Noncurrent (Note 22) 204 223 Current (Note 24) 5 21 Unearned revenues: Noncurrent (Note 22) 7,411 3,335 Current (Note 24) 9,494 10,042 Unearned revenues on leased circuits pertain to prepayments for various leased circuit contracts. See Note 25 – Related Party Transactions . As at December 31, 2022, the noncurrent and current portion of contract liabilities and unearned revenues amounted to Php 7,615 million and Php 9,499 million, respectively, while as at December 31, 2021, the noncurrent and current portion of contract liabilities and unearned revenues amounted to Php 3,558 million and Php 10,063 million, respectively. Incremental Costs to Obtain Contracts As at December 31, 2022, the noncurrent and current portion of capitalized commissions amounted to Php 5,125 million and Php 1,161 million, respectively, while as at December 31, 2021, the noncurrent and current portion of contract liabilities and unearned revenues amounted to Php 4,042 million and Php 817 million, respectively. See Note 19 – Prepayments . The amortization of capitalized commissions amounted to Php 980 million, Php 556 million and Php 251 million for the years ended December 31, 2022, 2021 and 2020, respectively. Selling, General and Administrative Expenses Selling, general and administrative expenses for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Compensation and employee benefits 29,812 25,344 26,833 Repairs and maintenance (Notes 14, 18 and 25) 28,981 24,653 21,555 Professional and other contracted services (Note 25) 8,845 8,371 7,307 Selling and promotions (Note 25) 6,560 6,716 6,542 Taxes and licenses 4,059 4,331 5,495 Rent (Notes 10 and 25) 2,031 2,231 1,384 Insurance and security services (Note 25) 1,588 1,739 1,699 Communication, training and travel (Note 25) 1,479 977 903 Amortization of intangible assets (Note 15) 228 2,822 2,496 Other expenses 1,721 1,119 1,041 Total selling, general and administrative expenses 85,304 78,303 75,255 Compensation and Employee Benefits Compensation and employee benefits for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Salaries and other employee benefits 21,763 21,676 20,856 MRP 5,028 269 2,625 Pension benefit costs (Note 26) 1,749 2,213 2,218 Incentive plan (Note 26) 1,272 1,186 1,134 Total compensation and employee benefits 29,812 25,344 26,833 Over the past several years, we have been implementing the MRP in line with our continuing efforts to reduce the cost base of our businesses. The decision to implement the MRP was a result of challenges faced by our businesses as significant changes in technology, increasing competition, and shifting market preferences have reshaped the future of our businesses. The MRP is being implemented in compliance with the Labor Code of the Philippines and all other relevant labor laws and regulations in the Philippines. Cost of Sales and Services Cost of sales and services for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Cost of computers, mobile handsets and broadband data modems (Note 18) 9,775 8,286 8,275 Cost of services (Note 18) 3,488 3,492 2,991 Cost of point-product-sales (Note 18) 1,254 1,563 1,029 Total cost of sales and services 14,517 13,341 12,295 Asset Impairment Asset impairment for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Trade and other receivables (Note 17) 5,156 3,737 6,446 Inventories and supplies (Note 18) 414 847 934 Property and equipment (Note 9) 309 148 — Contract assets 227 253 266 Prepayments 1 — — Total asset impairment 6,107 4,985 7,646 Other Income (Expenses) – Net Other income (expenses) – net for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Gain on sale and leaseback of telecom towers – gross of expenses (Note 9) 25,234 — — Income from prescription of preferred shares redemption liability (Note 20) 7,839 — — Gains (losses) on derivative financial instruments – net (Note 28) 2,322 1,400 ( 378 ) Reversal of provisions 1,135 2,594 2,679 Gain on dilution of shares (Note 11) 660 826 394 Interest income 653 656 1,210 Gain on deconsolidation of PG1 (Note 11) 377 — — Gain on sale of property and equipment (Note 9) 148 884 3,369 Gain on change in fair value of Phunware, Inc., or Phunware (Note 12) — 306 — Gain on sale of Phunware — 115 — Gain (loss) on debt modification (1) ( 295 ) 1,372 — Equity share in net losses of associates and joint ventures (Note 11) ( 3,304 ) ( 1,101 ) ( 2,328 ) Foreign exchange gains (losses) – net (Note 28) ( 4,685 ) ( 3,890 ) 1,488 Financing costs – net ( 11,766 ) ( 10,414 ) ( 10,086 ) Others – net (Notes 11, 12 and 14) 692 645 491 Total other income (expenses) – net 19,010 ( 6,607 ) ( 3,161 ) (1) PLDT and Smart re-negotiated terms of selected outstanding Philippine Peso loans in 2022 and 2021. Under IFRS 9, the difference of the current carrying value and the present value of the modified cash flows of the loan should be recognized as a gain or loss on debt modification. Interest Income Interest income for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Interest income arising from revenue contracts with customers 294 299 414 Interest income on cash and cash equivalents (Note 16) 255 269 560 Interest income on financial instruments at amortized cost (Note 13) 59 13 143 Interest income on financial instruments at FVPL 12 23 8 Interest income on financial instruments at FVOCI — 2 70 Interest income – others 33 50 15 Total interest income 653 656 1,210 Financing Costs – Net Financing costs – net for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Interest on loans and other related items (Notes 21 and 28) 10,860 10,482 10,333 Accretion on lease liabilities (Note 10) 2,064 1,170 1,125 Accretion on financial liabilities 375 239 146 Financing charges 215 105 79 Capitalized interest (Notes 9 and 29) ( 1,748 ) ( 1,582 ) ( 1,597 ) Total financing costs – net 11,766 10,414 10,086

Components of Other Comprehensi

Components of Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2022
Disclosure of analysis of other comprehensive income by item [abstract]
Components of Other Comprehensive Loss	6. Components of Other Comprehensive Loss Changes in other comprehensive loss under equity of our consolidated statements of financial position for the years ended December 31, 2022, 2021 and 2020 are as follows: Foreign Net loss on Net Revaluation Fair value Actuarial Share in the Fair value Total other Share of Total other (in million pesos) Balances as at January 1, 2022 366 ( 9 ) ( 1,965 ) 544 — ( 35,356 ) ( 14 ) ( 3 ) ( 36,437 ) 15 ( 36,422 ) Other comprehensive income ( 217 ) — ( 2,544 ) — — 2,500 ( 6 ) — ( 267 ) 10 ( 257 ) Closing of other comprehensive — — 1,222 — — — — — 1,222 — 1,222 Balances as at December 31, 2022 149 ( 9 ) ( 3,287 ) 544 — ( 32,856 ) ( 20 ) ( 3 ) ( 35,482 ) 25 ( 35,457 ) Balances as at January 1, 2021 701 ( 9 ) ( 1,202 ) 508 108 ( 35,720 ) ( 37 ) ( 1 ) ( 35,652 ) 9 ( 35,643 ) Other comprehensive income ( 335 ) — ( 763 ) 36 ( 108 ) 364 23 ( 2 ) ( 785 ) 6 ( 779 ) Balances as at December 31, 2021 366 ( 9 ) ( 1,965 ) 544 — ( 35,356 ) ( 14 ) ( 3 ) ( 36,437 ) 15 ( 36,422 ) Balances as at January 1, 2020 722 ( 9 ) ( 896 ) 508 108 ( 31,763 ) — ( 38 ) ( 31,368 ) 15 ( 31,353 ) Other comprehensive income ( 21 ) — ( 306 ) — — ( 3,957 ) ( 37 ) 37 ( 4,284 ) ( 6 ) ( 4,290 ) Balances as at December 31, 2020 701 ( 9 ) ( 1,202 ) 508 108 ( 35,720 ) ( 37 ) ( 1 ) ( 35,652 ) 9 ( 35,643 ) Revaluation increment on investment properties pertains to the difference between the carrying value and fair value of property and equipment transferred to investment property at the time of change in classification.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Taxes [Abstract]
Income Taxes	7. Income Taxes Corporate Income Tax The major components of consolidated net deferred income tax assets and liabilities recognized in our consolidated statements of financial position as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Net deferred income tax assets 17,636 13,385 Net deferred income tax liabilities 204 169 The components of our consolidated net deferred income tax assets and liabilities as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Net deferred income tax assets: Unearned revenues 6,305 3,022 Lease liability over ROU assets under IFRS 16 3,693 581 Unamortized past service pension costs 3,229 3,364 Accumulated provision for expected credit losses 2,814 2,920 Unrealized foreign exchange gains 1,509 403 Pension and other employee benefits 1,304 3,590 Accumulated write-down of inventories to net realizable values 544 662 Derivative financial instruments 248 ( 30 ) NOLCO 165 10 Fixed asset impairment/depreciation due to shortened life of property and equipment 115 79 Excess MCIT over RCIT 103 1 Taxes and duties capitalized ( 129 ) ( 141 ) Customer list and trademark ( 197 ) 129 Capitalized charges and others ( 2,067 ) ( 1,205 ) Total deferred income tax assets – net 17,636 13,385 Net deferred income tax liabilities: Investment property 240 241 Unrealized foreign exchange gains 10 5 Others ( 46 ) ( 77 ) Total deferred income tax liabilities 204 169 Changes in our consolidated net deferred income tax assets (liabilities) as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Net deferred income tax assets – balances at beginning of the year 13,385 19,556 Net deferred income tax liabilities – balances at beginning of the year ( 169 ) ( 726 ) Net balances at beginning of the year 13,216 18,830 Benefit from (provision for) deferred income tax 4,175 ( 2,348 ) Movement charged directly to other comprehensive loss ( 148 ) ( 3,239 ) Others 189 ( 27 ) Net balances at end of the year 17,432 13,216 Net deferred income tax assets – balances at end of the year 17,636 13,385 Net deferred income tax liabilities – balances at end of the year ( 204 ) ( 169 ) The impact of the change in tax rates in our deferred income tax assets and liabilities under the CREATE law is included in the deferred income tax assets charged directly to other comprehensive income and provision for deferred income tax. The analysis of our consolidated net deferred income tax assets as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Deferred income tax assets: Deferred income tax assets to be recovered after 12 months 15,336 10,127 Deferred income tax assets to be recovered within 12 months 2,300 3,258 17,636 13,385 The analysis of our consolidated net deferred income tax liabilities as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Deferred income tax liabilities: Deferred income tax liabilities to be settled after 12 months ( 221 ) ( 173 ) Deferred income tax liabilities to be settled within 12 months 17 4 Net deferred income tax liabilities ( 204 ) ( 169 ) Provision for (benefit from) income tax for the years ended December 31, 2022, 2021 and 2020 consist of: 2022 2021 2020 (in million pesos) Current 6,949 5,130 4,452 Deferred (Note 3) ( 4,175 ) 2,348 3,989 2,774 7,478 8,441 The impact of the application of MCIT amounting to Php 5 million, Php 2 million and Php 1,426 million for the years ended December 31, 2022, 2021 and 2020, respectively, was considered in the provisions for current and deferred income taxes. The reconciliation between the provision for income tax at the applicable statutory tax rate and the actual provision for corporate income tax for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Provision for income tax at the applicable statutory tax rate 3,377 8,538 9,906 Tax effects of: Equity share in net loss (income) of associates and joint ventures 427 ( 284 ) ( 20 ) Nondeductible expenses 145 558 144 Loss (income) not subject to income tax 16 ( 50 ) ( 27 ) NOLCO/MCIT expiration 3 248 352 Tax adjustment due to CREATE — 94 — Special deductible items and income subject to lower tax rate ( 141 ) ( 204 ) ( 537 ) Income subject to final tax ( 185 ) ( 186 ) ( 189 ) Difference between Optional Standard Deduction, OSD, and ( 765 ) ( 610 ) ( 426 ) Net movement in unrecognized deferred income tax assets and ( 103 ) ( 626 ) ( 762 ) Actual provision for income tax 2,774 7,478 8,441 The breakdown of our consolidated deductible temporary differences, carryforward benefits of unused tax credits from excess of MCIT over RCIT, and NOLCO (excluding those not recognized due to the adoption of the OSD method) for which no deferred income tax assets were recognized and the equivalent amount of unrecognized deferred income tax assets as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Fixed asset impairment 1,271 1,286 Accumulated provision for expected credit losses 1,042 963 NOLCO 592 327 Pension and other employee benefits 101 75 Lease liability over ROU assets under IFRS 16 38 19 Unearned revenues 16 21 Excess MCIT over RCIT 15 22 Accumulated write-down of inventories to net realizable values 13 13 Interest on subordinated shareholder advances — ( 4 ) Unrealized foreign exchange losses ( 25 ) 28 Provisions ( 114 ) 787 2,949 3,537 Unrecognized deferred income tax assets 748 901 DMPI and ePLDT availed of the OSD method in computing their taxable income. This assessment is based on projected taxable profits at a level where it is favorable to use OSD method. These companies are also expected to avail of the OSD method in the foreseeable future. Thus, certain deferred income tax assets of DMPI and ePLDT amounting to Php 135 million and Php 201 million as at December 31, 2022 and 2021, respectively, were not recognized. Our consolidated deferred income tax assets have been recorded to the extent that such consolidated deferred income tax assets are expected to be utilized against sufficient future taxable profit. Deferred income tax assets shown in the preceding table were not recognized as we believe that future taxable profit will not be sufficient to realize these deductible temporary differences and carryforward benefits of unused tax credits from excess of MCIT over RCIT, and NOLCO in the future. The breakdown of our consolidated excess MCIT and NOLCO as at December 31, 2022 are as follows: Date Incurred Expiry Date MCIT NOLCO (in million pesos) December 31, 2020 December 31, 2023 14 — December 31, 2020 December 31, 2025 — — December 31, 2021 December 31, 2024 1 — December 31, 2021 December 31, 2026 — 81 December 31, 2022 December 31, 2025 103 1,016 118 1,097 NOLCO incurred by foreign affiliates which can be — 155 118 1,252 Consolidated tax benefits 118 313 Consolidated unrecognized deferred income tax assets ( 15 ) ( 148 ) Consolidated recognized deferred income tax assets 103 165 The excess MCIT totaling Php 118 million as at December 31, 2022 can be deducted against future RCIT liability. The excess MCIT that was deducted against RCIT amounted to Php 5 million, Php 2 million and Php 1,426 million for the years ended December 31, 2022, 2021 and 2020, respectively. The amount of expired MCIT amounted to Php 3 million, nil and Php 1 million for the years ended December 31, 2022, 2021 and 2020, respectively. NOLCO totaling Php 1,252 million as at December 31, 2022 can be claimed as deduction against future taxable income. The NOLCO claimed as deduction against taxable income amounted to Php 42 million, Php 556 million and Php 2,109 million for the years ended December 31, 2022, 2021 and 2020, respectively. The amount of expired NOLCO amounted to Php 225 thousand, Php 990 million and 1,170 million for the years ended December 31, 2022, 2021 and 2020, respectively. Republic Act No. 11494 Bayanihan to Recover as One Act, or Bayanihan II Republic Act No. 11494, otherwise known as the Bayanihan to Recover as One Act, or Bayanihan II, was signed by the President on September 11, 2020. It contains the government’s second wave of relief measures to address the health and economic crises stemming from the COVID-19 outbreak. As part of mitigating the costs and losses stemming from the disruption of economic activities, Bayanihan II extends the carry-over of the NOLCO incurred in 2021 to 2022 as deductions from gross income for the next five consecutive taxable years immediately following the year of the loss. Hence, the carry-over period for the expiration of NOLCO incurred in 2021 and 2022 amounting to Php 81 million and Php 1,016 million, respectively, has been extended to five years from the previous three years . Registration with Clark Special Economic Zone ClarkTel is registered with Clark Special Economic Zone, or Economic Zones, under Republic Act No. 7227 otherwise known as the Bases Conversion and Development Act of 1992. As registrant, ClarkTel is entitled to all the rights, privileges and benefits established thereunder including tax and duty-free importation of capital equipment and a special income tax rate of 5 % of gross income, as defined in Republic Act No. 7227. Our consolidated income derived from non-registered activities within the Economic Zones is subject to the RCIT rate at the end of the reporting period. See Note 20 – Equity

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Dec. 31, 2022
Earnings per share [abstract]
Earnings Per Common Share	8. Earnings Per Common Share The following table presents information necessary to calculate the EPS for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 Basic Diluted Basic Diluted Basic Diluted (in million pesos) Consolidated net income attributable to equity holders 10,485 10,485 26,367 26,367 24,284 24,284 Dividends on preferred shares (Note 20) ( 59 ) ( 59 ) ( 59 ) ( 59 ) ( 59 ) ( 59 ) Consolidated net income attributable to common 10,426 10,426 26,308 26,308 24,225 24,225 (in thousands, except per share amounts which are in pesos) Weighted average number of common shares 216,056 216,056 216,056 216,056 216,056 216,056 EPS attributable to common equity holders of PLDT 48.26 48.26 121.76 121.76 112.12 112.12 Basic EPS amounts are calculated by dividing our consolidated net income for the period attributable to common equity holders of PLDT (consolidated net income adjusted for dividends on all series of preferred shares, except for dividends on preferred stock subject to mandatory redemption) by the weighted average number of common shares issued and outstanding during the year. Diluted EPS amounts are calculated in the same manner assuming that, at the beginning of the year or at the time of issuance during the year, all outstanding options are exercised, and convertible preferred shares are converted to common shares, and appropriate adjustments to our consolidated net income are effected for the related income and expenses on preferred shares. Outstanding stock options will have a dilutive effect only when the average market price of the underlying common share during the year exceeds the exercise price of the stock option. Convertible preferred shares are deemed dilutive when required dividends declared on each series of convertible preferred shares divided by the number of equivalent common shares, assuming such convertible preferred shares are converted to common shares, decreases the basic EPS. As such, the diluted EPS is calculated by dividing our consolidated net income attributable to common shareholders (consolidated net income, adding back any dividends and/or other charges recognized for the year related to the dilutive convertible preferred shares classified as liability, less dividends on non-dilutive preferred shares except for dividends on preferred stock subject to mandatory redemption) by the weighted average number of common shares excluding the weighted average number of common shares held as treasury shares, and including the common shares equivalent arising from the conversion of the dilutive convertible preferred shares and from the mandatory tender offer for all remaining Digitel shares. Where the effect of the assumed conversion of the preferred shares and the exercise of all outstanding options have an anti-dilutive effect, basic and diluted EPS are stated at the same amount.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Property and Equipment	9. Property and Equipment Changes in property and equipment account for the years ended December 31, 2022, 2021 and 2020 are as follows: Cable Central Network Buildings Vehicles, Information Land IT Security Property Total (in million pesos) December 31, 2020 Cost 205,338 3,134 298,169 23,647 41,856 46,885 4,427 23,868 104 50,060 697,488 Accumulated depreciation, impairment and ( 147,048 ) ( 2,585 ) ( 186,566 ) ( 18,674 ) ( 35,260 ) ( 29,545 ) ( 279 ) ( 16,651 ) ( 12 ) — ( 436,620 ) Net book value 58,290 549 111,603 4,973 6,596 17,340 4,148 7,217 92 50,060 260,868 December 31, 2020 Net book value at beginning of the year 58,290 549 111,603 4,973 6,596 17,340 4,148 7,217 92 50,060 260,868 Additions (Note 4) 1,306 906 141 145 570 5,678 43 23 145 80,026 88,983 Disposals/Retirements ( 9 ) ( 1 ) ( 81 ) ( 27 ) ( 52 ) — ( 163 ) — — — ( 333 ) Reclassifications — 1,850 — 2,795 55 — — — — ( 4,554 ) 146 Impairment losses recognized during the year (Note 5) ( 27 ) — ( 121 ) — — — — — — — ( 148 ) Transfers and others 22,641 — 30,328 629 195 10,077 145 4,900 107 ( 69,022 ) — Translation differences charged directly — — 1 — ( 1 ) — — 1 — — 1 Adjustments 8 — — ( 8 ) — — — — — — — Depreciation and amortization ( 10,676 ) ( 552 ) ( 23,282 ) ( 1,091 ) ( 2,124 ) ( 5,245 ) ( 10 ) ( 3,635 ) ( 166 ) — ( 46,781 ) Net book value at end of the year 71,533 2,752 118,589 7,416 5,239 27,850 4,163 8,506 178 56,510 302,736 December 31, 2021 Cost 229,160 5,896 327,195 26,838 40,586 62,595 4,451 27,099 355 56,510 780,685 Accumulated depreciation, impairment and ( 157,627 ) ( 3,144 ) ( 208,606 ) ( 19,422 ) ( 35,347 ) ( 34,745 ) ( 288 ) ( 18,593 ) ( 177 ) — ( 477,949 ) Net book value 71,533 2,752 118,589 7,416 5,239 27,850 4,163 8,506 178 56,510 302,736 December 31, 2022 Net book value at beginning of the year 71,533 2,752 118,589 7,416 5,239 27,850 4,163 8,506 178 56,510 302,736 Additions (Note 4) 194 265 3,656 31 731 6,389 28 8 — 85,508 96,810 Telecom assets additions subject to subsequent — — 16,841 — — — — — — — 16,841 Disposals/Retirements ( 5 ) — ( 6,529 ) ( 1 ) ( 158 ) — ( 7 ) ( 20 ) — ( 7,976 ) ( 14,696 ) Reclassifications 11 — — — — — — — — ( 11 ) — Reclassifications to assets held-for-sale — — ( 12,372 ) — — — — — — ( 3,641 ) ( 16,013 ) Impairment losses recognized during the year (Note 5) ( 112 ) — ( 66 ) — ( 131 ) — — — — — ( 309 ) Transfers and others 32,323 666 24,155 724 412 8,445 120 8,092 21 ( 74,958 ) — Translation differences charged directly — — — — 1 — — 1 — — 2 Adjustments 7 512 — ( 2 ) ( 240 ) — — — — ( 5 ) 272 Acquisition through business combinations — — — 23 77 — — — — — 100 Depreciation and amortization (Note 3) ( 32,994 ) ( 589 ) ( 42,311 ) ( 1,545 ) ( 1,774 ) ( 7,898 ) ( 32 ) ( 5,789 ) ( 66 ) — ( 92,998 ) Net book value at end of the year 70,957 3,606 101,963 6,646 4,157 34,786 4,272 10,798 133 55,427 292,745 December 31, 2022 Cost 261,429 7,338 328,729 26,788 40,572 77,429 4,591 35,095 377 55,427 837,775 Accumulated depreciation, impairment and ( 190,472 ) ( 3,732 ) ( 226,766 ) ( 20,142 ) ( 36,415 ) ( 42,643 ) ( 319 ) ( 24,297 ) ( 244 ) — ( 545,030 ) Net book value 70,957 3,606 101,963 6,646 4,157 34,786 4,272 10,798 133 55,427 292,745 Interest capitalized to property and equipment that qualified as borrowing costs amounted to Php 1,748 million, Php 1,582 million and Php 1,597 million for the years ended December 31, 2022, 2021 and 2020, respectively. See Note 5 – Income and Expenses – Financing Costs – Net and Note 29 – Notes to the Statements of Cash Flows . The average interest capitalization rate used was approximately 4 % for each of the years ended December 31, 2022, 2021 and 2020, respectively. Our net foreign exchange differences, which qualified as borrowing costs, amounted to Php 351 million, Php 29 million and nil for the years ended December 31, 2022, 2021 and 2020, respectively. The cost of fully depreciated property and equipment that are still being used in the Group’s operations amounted to Php 83,055 million and Php 77,201 million as at December 31, 2022 and 2021, respectively. As at December 31, 2022, the estimated useful lives of our property and equipment are as follows: Cable and wire facilities 5 – 15 years Central equipment 3 – 15 years Network facilities 3 – 15 years Buildings 25 – 50 years Vehicles, furniture and other network equipment 3 – 15 years Information origination and termination equipment 5 – 15 years Land improvements 10 years IT systems and platforms 3 – 5 years Security platforms 3 – 5 years Leasehold improvements 3 – 10 years or the term of the lease, whichever is shorter See Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Estimating useful lives of property and equipment . Sale and Leaseback of Telecom Towers On April 19, 2022, Smart and DMPI signed Sale and Purchase Agreements, or SPAs, with a subsidiary of Edotco Group and a subsidiary of EdgePoint, or the TowerCos, in connection with the sale of 5,907 telecom towers and related passive telecommunication infrastructure for Php 77 billion. Out of the total towers, 2,973 towers located primarily in Luzon, Visayas and Mindanao were acquired by Edotco Towers, Inc., a subsidiary of Edotco Group, and 2,934 towers located in Luzon were acquired by Comworks Infratech Corp., subsidiary of EdgePoint. Concurrent with the execution of the SPAs, Smart also entered into Master Service Agreements, or MSAs, with the TowerCos wherein Smart agreed to leaseback the towers sold in the transaction for a period of 10 years. In addition to space, the TowerCos are responsible for providing operations and maintenance services, as well as power to the sites. The sale and leaseback with the ToweCos is complemented by a commitment to place service orders for a total of 1,000 Build-To-Suit, or BTS, sites before December 31, 2025 and 50 comitted BTS sites each year for five years starting January 1, 2026, or another total of 500 BTS sites. Thus, total committed BTS sites with the TowerCos is 1,500 . The closing of the agreements will be on a staggered basis depending on the satisfaction of closing conditions based on the number of towers transferred. The first closing commenced in June 2022, with the final closing in 2023. The following summarizes the completed sale of Smart and DMPI as at 2022: Closing Date Number of Tower Assets Sold Cash Consideration Net Book Value (in million pesos) June 1, 2022 3,012 39,228 12,937 August 1, 2022 1,013 13,190 5,253 September 1, 2022 151 1,801 1,606 October 3, 2022 259 3,529 1,377 December 9, 2022 230 2,744 1,701 4,665 60,492 22,874 On the same day that the telecom towers were sold, the MSAs covering the leaseback arrangements for those towers became effective. As at December 31, 2022, we have completed the sale of 4,665 telecom towers representing 79 % of the towers portfolio subject to the sale. As a result, we received total proceeds of Php 60,492 million, and recognized gain on sale and leaseback amounting to Php 24,563 million (or Php 18,783 million after tax) and treated this as a non-core income. The remaining telecom towers with net book value of Php 7,125 million, subject to sale and purchase agreement until 2023, were reclassified from “Property and equipment” to “Assets classified as held-for-sale” under current assets in our consolidated statement of financial position as at December 31, 2022. On February 10, 2023 and March 15, 2023, we completed additional sale of 287 and 95 telecom towers for a consideration of Php 4,054 million and Php 1,133 million, respectively, increasing the total completed sale and leaseback transaction to date to 85 % of the towers portfolio subject to the sale. Meanwhile, on December 15, 2022 and March 16, 2023, Smart and DMPI signed a new set of SPAs, with Unity Digital Infrastructure, or Unity, and Frontier Tower Associates Philippines Inc., or Frontier, respectively, in connection with the sale of 1,662 telecom towers and related passive telecom infrastructure for a total of Php 21,309 million. Out of the total towers, 650 towers located primarily in Visayas and Mindanao were acquired by Unity and 1,012 towers located in Luzon were acquired by Frontier. Concurrent with the execution of the SPAs, Smart also entered into MSAs with Unity and Frontier wherein Smart has agreed to leaseback the towers sold in the transaction for a period of 10 years. In addition to space, Unity and Frontier will also be responsible for providing operations and maintenance services, as well as power to the sites. The sale and leaseback with Unity is complemented by a commitment to place service orders for a total of 220 BTS sites within the next two to four years. Meanwhile, the sale and leaseback with Frontier includes a commitment to place service orders for 550 points of service within the next three to four years, of which 400 are co-locations and the balance for new BTS sites. With these additional sites from Unity and Frontier, total commitment with all TowerCos is for 2,270 sites. The closing of the agreements will be on a staggered basis depending on the satisfaction of closing conditions based on the number of towers transferred. The first closing for both SPAs is expected to commence upon securing approval from the Philippine Competition Commission.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Presentation of leases for lessee [abstract]
Leases	10. Leases Group as a Lessee We have lease contracts for various items of sites, buildings, leased circuits and poles used in our operations. We considered in the lease term the non-cancellable period of the lease together with the periods covered by an option to extend and option to terminate the lease. Our consolidated estimated useful lives of ROU assets as at December 31, 2022 are as follows: Sites 1 – 30 years International leased circuits (1) 1 – 11 years Poles (2) 2 – 12 years Domestic leased circuits (3) 1 – 10 years Office buildings 1 – 25 years Co-located sites 3 – 7 years (1) As at December 31, 2021, the estimated useful life ranges from 1 - 10 years. (2) As at December 31, 2021, the estimated useful life ranges from 1 - 12 years. (3) As at December 31, 2021, the estimated useful life ranges from 1 - 10 years. Our consolidated rollforward analysis of ROU assets as at December 31, 2022 and 2021 are as follows: Sites International Poles Domestic Office Co-located Sale and Leaseback Adjustment Total (in million pesos) December 31, 2021 Costs: Balances at beginning of the year 17,854 4,288 3,370 1,294 1,781 9 — 28,596 Additions (Note 29) 5,967 226 47 890 184 — — 7,314 Modifications 107 33 230 ( 309 ) ( 9 ) 1 — 53 Asset retirement obligation 211 — — — 2 — — 213 Currency translation — — — — 1 — — 1 Disposals ( 1 ) — ( 16 ) — ( 6 ) — — ( 23 ) Terminations ( 1,045 ) ( 290 ) — ( 143 ) ( 284 ) — — ( 1,762 ) Balances at end of the year 23,093 4,257 3,631 1,732 1,669 10 — 34,392 Accumulated depreciation and amortization: Balances at beginning of the year ( 6,556 ) ( 1,346 ) ( 967 ) ( 427 ) ( 993 ) ( 4 ) — ( 10,293 ) Terminations 889 148 — 35 281 — — 1,353 Disposals 1 — 16 — 6 — — 23 Currency translation — — — — ( 1 ) — — ( 1 ) Modifications ( 1 ) — — — ( 4 ) — — ( 5 ) Depreciation (Note 3) ( 2,999 ) ( 816 ) ( 678 ) ( 574 ) ( 319 ) ( 2 ) — ( 5,388 ) Balances at end of the year ( 8,666 ) ( 2,014 ) ( 1,629 ) ( 966 ) ( 1,030 ) ( 6 ) — ( 14,311 ) Net book value as at December 31, 2021 14,427 2,243 2,002 766 639 4 — 20,081 December 31, 2022 Costs: Balances at beginning of the year 23,093 4,257 3,631 1,732 1,669 10 — 34,392 Additions (Note 29) 32,735 402 116 851 165 5 — 34,274 Business combination 90 — — — — — — 90 Currency translation — — — — 1 — — 1 Disposals — — — — ( 5 ) — — ( 5 ) Asset retirement obligation ( 1,412 ) — — — ( 95 ) — — ( 1,507 ) Modifications ( 7 ) ( 106 ) 432 ( 8 ) 1 — ( 12,776 ) ( 12,464 ) Terminations ( 12,196 ) ( 294 ) — ( 139 ) ( 316 ) — — ( 12,945 ) Balances at end of the year 42,303 4,259 4,179 2,436 1,420 15 ( 12,776 ) 41,836 Accumulated depreciation and amortization: Balances at beginning of the year ( 8,666 ) ( 2,014 ) ( 1,629 ) ( 966 ) ( 1,030 ) ( 6 ) — ( 14,311 ) Terminations 4,931 150 — 71 293 — — 5,445 Charge from asset retirement obligation 1,545 — — — 103 — — 1,648 Disposals — — — — 5 — — 5 Currency translation — — — — ( 1 ) — — ( 1 ) Modifications — — — — ( 10 ) — — ( 10 ) Business combination ( 33 ) — — — — — — ( 33 ) Depreciation (Note 3) ( 3,824 ) ( 832 ) ( 875 ) ( 475 ) ( 347 ) ( 3 ) 640 ( 5,716 ) Balances at end of the year ( 6,047 ) ( 2,696 ) ( 2,504 ) ( 1,370 ) ( 987 ) ( 9 ) 640 ( 12,973 ) Net book value as at December 31, 2022 36,256 1,563 1,675 1,066 433 6 ( 12,136 ) 28,863 As disclosed in Note 9 – Property and Equipment, on the sale and leaseback of telecom towers, Smart and DMPI signed SPAs with the TowerCos in connection with the sale of 5,907 telecom towers and related passive telecom infrastructure, with the concurrent execution of MSAs with the TowerCos where Smart has agreed to leaseback the towers sold in the transaction for a period of 10 years. In June 2022, August 2022, September 2022, October 2022 and December 2022, the MSAs covering the leaseback arrangements of 3,012 , 1,013 , 151 , 259 and 230 telecom towers, respectively, became effective. As a result, we recognized a net increase in lease liability by Php 27,761 million and a net increase in our ROU assets by Php 14,984 million, the difference represents the rights retained by PLDT Group over the telecom assets leased back from the tower companies. The ROU assets relating to leasehold land with net book value of Php 1,646 million and the related lease liabilities amounting to Php 1,506 million were respectively reclassified as “Assets classified as held-for-sale” under current assets and “Liabilities associated with assets classified as held-for-sale” under current liabilities in our consolidated statement of financial position as at December 31, 2022. Common Tower Pilot, or CTP, Program In January 2020, Smart partnered with several TowerCos duly-accredited by the Department of Information and Communications Technology and launched the CTP Program with the objective of faster new site roll-outs and reduced upfront CAPEX spending. In the same year, Smart entered into MSAs with these TowerCos. Under the agreement, the TowerCos will handle site acquisition and permitting, site development works, construction and permanent electrification of the towers. Effective 30 days after the sites are Ready For Telecommunication Installation, or RFTI, Smart will be liable to settle a monthly fixed fee covering rental and maintenance costs for a contract term of 15 years. The monthly fee will be subject to agreed escalation rates with the TowerCos. As anchor tenant, Smart will also be entitled to colocation discounts when additional tenants come on board. Upon launching of the program, the original CTP commitment covered 200 sites. This was later on increased to 936 BTS sites. As at December 31, 2022, Smart has issued service orders, or SOs, corresponding to 464 BTS sites. The table below enumerates the selected TowerCos and number of BTS sites with SOs under the program: Tower Providers Number of Sites Awarded Unity Digital Infrastructure 50 Alt-Global-Solutions, Inc. 34 Transcend Towers Infrastructure (Philippines) Inc. 13 Communication and Renewable Energy Infrastructure Phils. Inc. 67 Edotco Towers Inc. 10 Frontier Tower Associates Philippines, Inc. 84 ISON Tower Ltd. Inc. 108 MIESCOR Infrastructure Development Corporation 38 Phil-Tower Consortium Inc. 55 SBA Towers Philippines, Inc. 5 As at December 31, 2022, a total of 210 BTS sites are classified as RFTI, out of which 106 BTS sites are ready for service. The following amounts are recognized in our consolidated income statements for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (in million pesos) Depreciation expense of ROU assets (Note 3) 5,716 5,388 4,940 Interest expense on lease liabilities (Note 5) 2,064 1,170 1,125 Expenses relating to short-term leases 1,440 1,459 618 Variable lease payments (included in general and administrative expenses) (Note 5) 589 771 764 Expenses relating to leases of low-value assets 2 1 2 Total amount recognized in consolidated income statements 9,811 8,789 7,449 Our consolidated rollforward analysis of lease liabilities as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Balances at beginning of the year 21,686 20,025 Additions (Note 29) 34,277 7,314 Accretion on lease liabilities (Note 5) 2,064 1,170 Lease modifications 317 33 Foreign exchange gains – net 215 147 Business combination 46 Adjustment — 11 Reclassed to lease liabilities held-for-sale ( 1,668 ) — Termination ( 6,171 ) ( 467 ) Settlement of obligations ( 8,331 ) ( 6,547 ) Balances at end of the year (Notes 3 and 29) 42,435 21,686 Less current portion of lease liabilities (Note 28) 10,477 4,555 Noncurrent portion of lease liabilities (Note 28) 31,958 17,131 We had total cash outflows for leases of Php 8,331 million, Php 6,547 million and Php 5,781 million for the years ended December 31, 2022, 2021 and 2020, respectively. We also had non-cash additions to ROU assets of Php 34,274 million and Php 7,314 million as at December 31, 2022 and 2021, respectively. We had non-cash additions to lease liabilities of Php 34,277 million and Php 7,314 million as at December 31, 2022 and 2021, respectively. The future cash outflows relating to leases that have not yet commenced are disclosed in Note 29 – Notes to the Statements of Cash Flows . We have entered into several lease contracts that include automatic extension and termination options. These options are negotiated by us to provide flexibility in managing the leased-asset portfolio and align with our business needs. However, in some of these lease contracts, we did not impute the renewal period in our assessment of the lease terms of these contracts since said renewal period is not yet reasonably estimable at the time of transition or commencement date of the lease, see Note 3 – Managements Use of Accounting Judgments, Estimates and Assumptions – Determining the lease term of contracts with renewal and termination options – Company as a Lessee. Group as a Lessor We have entered into operating leases on our investment property portfolio consisting of certain office buildings and business offices. See Note 14 – Investment Properties . These leases have term of five years. All leases include a clause to enable upward revision of the rental charge on annual basis according to prevailing market conditions. The lessee is also required to provide a residual guarantee on the properties. Rental income recognized by us amounted to Php 51 million, Php 48 million and Php 51 million for the years ended December 31, 2022, 2021 and 2020, respectively. Future minimum rentals receivable under non-cancellable operating leases as at December 31, 2022 and 2021 are as follows. 2022 2021 (in million pesos) Within one year 57 51 After one year but not more than five years — — More than five years — — 57 51

Investments in Associates and J

Investments in Associates and Joint Ventures	12 Months Ended
	Dec. 31, 2022
Investments In Associates And Joint Ventures [Abstract]
Investments in Associates and Joint Ventures	11. Investments in Associates and Joint Ventures As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Carrying value of investments in associates: MediaQuest PDRs 9,855 9,984 VIH 7,959 7,080 Appcard, Inc., or Appcard 108 110 Asia Outsourcing Beta Limited, or Beta — 32 PG1 — — Digitel Crossing, Inc., or DCI — — AF Payments, Inc., or AFPI — — Asia Netcom Philippines Corp., or ANPC — — 17,922 17,206 Carrying value of investments in joint ventures: VTI, Bow Arken and Brightshare 33,584 33,596 Telecommunications Connectivity, Inc., or TCI 40 39 Multisys — 2,521 PFC — 1 VFC — 1 33,624 36,158 Total carrying value of investments in associates and joint ventures 51,546 53,364 (1) Including subscription payable of Php 620 million as at December 31, 2021. Changes in the cost of investments for the years ended December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Balances at beginning of the year 61,986 60,110 Additions during the year 3,514 1,777 Disposals ( 2,421 ) — Translation and other adjustments ( 59 ) 99 Balances at end of the year 63,020 61,986 Changes in the accumulated impairment losses for the years ended December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Balances at beginning of the year 2,755 2,603 Additions during the year (Note 4) 50 60 Translation and other adjustments — 92 Balances at end of the year 2,805 2,755 Changes in the accumulated equity share in net earnings (losses) of associates and joint ventures as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Balances at beginning of the year ( 5,867 ) ( 5,384 ) Share in the other comprehensive income (losses) of associates and joint ( 6 ) 23 Disposals ( 37 ) — Equity share in net losses of associates and joint ventures: ( 3,304 ) ( 1,101 ) VTI, Bow Arken and Brightshare 74 971 TCI 1 ( 1 ) DCI — 33 VFC ( 1 ) — Appcard ( 2 ) 8 PFC ( 2 ) — Multisys ( 95 ) 55 PG1 ( 124 ) — MediaQuest PDRs ( 129 ) 70 VIH ( 3,026 ) ( 2,237 ) Translation and other adjustments 545 595 Balances at end of the year ( 8,669 ) ( 5,867 ) Investments in Associates Investment of ePLDT in MediaQuest PDRs In 2012, ePLDT made deposits totaling Php 6 billion to MediaQuest, an entity wholly-owned by the PLDT Beneficial Trust Fund, for the issuance of PDRs by MediaQuest in relation to its indirect interest in Cignal TV. Cignal TV is a wholly-owned subsidiary of Satventures, which is a wholly-owned subsidiary of MediaQuest incorporated in the Philippines. The Cignal TV PDRs confer an economic interest in common shares of Cignal TV indirectly owned by MediaQuest, and when issued, will provide ePLDT with a 40 % economic interest in Cignal TV. Cignal TV operates a direct-to-home, or DTH, Pay-TV business under the brand name “Cignal TV”, which is the largest DTH Pay-TV operator in the Philippines. In June 2013, ePLDT’s Board of Directors approved additional Php 3.6 billion investment by ePLDT in PDRs to be issued by MediaQuest in relation to its interest in Satventures. The Satventures PDRs confer an economic interest in common shares of Satventures owned by MediaQuest and provide ePLDT with a 40 % economic interest in Satventures. The PLDT Group’s financial investment in PDRs of MediaQuest is part of the PLDT Group’s overall strategy of broadening its distribution platforms and increasing the PLDT Group’s ability to deliver multimedia content to its customers across the PLDT Group’s broadband and mobile networks. ePLDT’s aggregate value of investment in MediaQuest PDRs amounted to Php 9,855 million and Php 9,984 million as at December 31, 2022 and 2021, respectively. See Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Accounting for investment in MediaQuest through PDRs . The table below presents the summarized financial information of Satventures and subsidiaries as at December 31, 2022 and 2021, and for the years ended December 31, 2022, 2021 and 2020: 2022 2021 (in million pesos) Statements of Financial Position: Noncurrent assets 21,910 22,402 Current assets 8,612 7,942 Noncurrent liabilities 2,418 2,304 Current liabilities 11,706 11,440 Equity (1) 16,398 16,600 Carrying amount of interest in Satventures 9,854 9,984 Additional Information: Cash and cash equivalents 688 749 Current financial liabilities (2) 986 386 Noncurrent financial liabilities (2) 1,148 1,319 (1) Including Php 1 billion deposit for preferred stock subscriptions by Mediaquest in 2021. (2) Excluding trade, other payables and provisions. 2022 2021 2020 (in million pesos) Income Statements: Revenues 11,189 11,467 9,127 Depreciation and amortization 1,424 1,268 1,049 Interest income (loss) ( 3 ) 2 16 Interest expense 212 219 241 Provision for income tax 16 200 153 Net income (loss) ( 203 ) 110 260 Other comprehensive income — — — Total comprehensive income (loss) ( 203 ) 110 260 Equity share in net income (loss) of Satventures ( 130 ) 70 166 Investment of PCEV in VIH Consolidation of the Digital Investments of Smart under PCEV On February 27, 2018, the Board of Directors of PCEV approved the consolidation of the various Digital Investments under PCEV, which was carried out through the following transactions: (i) PCEV entered into a Share Purchase Agreement with Voyager Innovations, Inc., or Voyager, to purchase 53 million ordinary shares of VIH representing 100 % of the issued and outstanding ordinary shares of VIH, for a total consideration of Php 465 million; (ii) VIH entered into a Share Purchase Agreement with Smart to purchase all of its 170 million common shares of Voyager for a total consideration of Php 3,527 million; and (iii) PCEV entered into a Subscription Agreement with VIH to subscribe to additional 96 million ordinary shares of VIH, with a par value of SG$ 1.00 per ordinary share, for a total subscription price of SG$ 96 million, or Php 3,806 million, which was settled on April 13, 2018 . Loss of Control over VIH In 2018, PLDT, as the ultimate Parent Company of PCEV, VIH, Vision Investment Holdings Pte. Ltd., or Vision, an entity indirectly controlled by KKR, Cerulean Investment Limited, or Cerulean, an entity indirectly owned and controlled by Tencent, International Finance Corporation, or IFC, and IFC Emerging Asia Fund, or IFC EAF, a fund managed by IFC Asset Management Company, or IFC AMC, entered into subscription agreements to subscribe VIH’s Convertible Class A preferred shares with a total subscription price amounting to US$ 215 million. As a result, PCEV’s ownership was diluted to 48.74 % and retained two out of five BOD seats in VIH, which resulted in a loss of control. Consequently, PCEV accounted for its remaining interest in VIH as an investment in an associate. On June 17, 2020, VIH appointed a new director, representing IFC, bringing the total number of BOD seats in VIH to six . PCEV still holds two out of the six BOD seats after the appointment of the new director. The following summarizes the subscription agreements entered into by PCEV with VIH: Date Number of Shares Sold Number Total Consideration PCEV's Equity Interest (in millions) March 14, 2018 Acquisition of Ordinary Shares 53.4 465 100 % March 14, 2018 Subscription of Ordinary Shares 95.9 3,806 100 % December 31, 2020 Conversion of notes to Class A2 preference shares 7.9 544 44 % March 12, 2021 Exercise of warrants to subscribe Class A2 preference shares 6.7 447 42 % June 11, 2021 Subscription to Class B convertible preferred shares 15.6 1,218 38 % April 7, 2022 Subscription to Class C convertible preferred shares 27.2 3,252 37 % PCEV’s percentage equity interest in VIH stood at 36.63 % and 38.45 % as at December 31, 2022 and 2021, respectively. Investment in Class B Convertible Preference Shares On June 11, 2021, PCEV, KKR, Tencent, and IFC Financial Institutions Growth Fund, a fund managed by IFC AMC, entered into a new subscription agreement with VIH to subscribe to US$ 120.8 million Class B convertible preferred shares of VIH. PCEV paid a total consideration of US$ 25 million or Php 1,218 million for 15.6 million VIH convertible preferred shares and resulting to another equity interest dilution from 41.87 % to 38.45 %. Investment in Class C Convertible Preference Shares On April 7, 2022, PCEV participated in the new round of fundraise for VIH amounting to US$ 62 million. Leading the round was the new investor SIG Venture Capital. Also participating in the round were the other existing shareholders KKR, Tencent, IFC, IFC EAF and IFC Financial Institutions Growth Fund, as well as new investors including Singapore-based global investor EDBI and investment holding company, First Pacific. Thereafter, PCEV’s ownership in VIH was diluted from 38.45 % to 36.82 %. On August 12, 2022, a new investor signed a subscription agreement with VIH resulting in further dilution of PCEV's equity interest from 36.82 % to 36.63 %. See related disclosures on gain on dilution on Note 5 – Other Income (Expenses) . The summarized financial information of VIH as at December 31, 2022 and 2021, and for the years ended December 31, 2022, 2021 and 2020 is shown below: 2022 2021 (in million pesos) Statements of Financial Position: Noncurrent assets 3,514 2,403 Current assets 18,599 10,146 Noncurrent liabilities 252 115 Current liabilities 10,850 5,310 Equity 11,011 7,124 Carrying amount of interest in VIH 7,959 7,080 Additional Information: Cash and cash equivalents 6,410 6,597 Current financial liabilities* 10,740 5,253 * Excluding statutory payables and accrued taxes. 2022 2021 2020 (in million pesos) Income Statements: Revenues 7,683 5,336 4,717 Depreciation and amortization 182 218 237 Interest income (expense) 133 9 ( 516 ) Provision for income tax 2 2 5 Net loss ( 8,155 ) ( 5,541 ) ( 4,880 ) Other comprehensive income (losses) — 30 ( 47 ) Total comprehensive losses ( 8,155 ) ( 5,511 ) ( 4,927 ) Equity share in net losses of VIH* ( 3,026 ) ( 2,237 ) ( 2,392 ) * 2022 Amount includes impact of 2021 audit adjusting entries. The carrying value of PCEV’s investment in VIH as at December 31, 2022 and 2021 are as follows. 2022 2021 (in million pesos) VIH Equity (1) 9,714 6,398 PCEV's noncontrolling interests 36.63 % 38.45 % Share in net assets of VIH 3,558 2,460 Goodwill arising from acquisition 4,401 4,620 Carrying amount of interest in VIH 7,959 7,080 (i) VIH Equity is net of Php 1,297 million and Php 726 million Stock Option in 2022 and 2021, respectively. Investment of PLDT Capital Pte. Ltd., or PLDT Capital, in AppCard On October 9, 2015, PLDT Capital entered into a Convertible Preferred Stock Purchase Agreement with AppCard for US$ 5 million. AppCard, a Delaware Corporation, is engaged in the business of developing, marketing, selling and servicing digital loyalty program platforms. Investment of PLDT Capital in Beta On February 5, 2013, PLDT entered into a Subscription and Shareholders’ Agreement with Asia Outsourcing Alpha Limited, or Alpha, wherein PLDT, through its indirect subsidiary PGIC, acquired from Alpha approximately 20 % equity interest in Beta for a total cost of approximately US$ 40 million, which consists of preferred shares of US$ 39.8 million and ordinary shares of US$ 0.2 million. On various dates in 2013 and 2014, PGIC has bought and transferred-in a net in total of 27 ordinary shares and 9,643 preferred shares to certain employees of Beta for a total net payment of US$ 51 thousand. In 2014, Beta has divested its healthcare BPO business. PGIC received a total cash distribution of US$ 41.8 million from Beta through redemption of 35.3 million preferred shares and repayment of loan from PGIC. The equity interest of PGIC in Beta remained at 20 % after the transfer with economic interest of 18.32 %. Alpha and Beta are both exempted limited liability companies incorporated under the laws of Cayman Islands and are both controlled by CVC Capital Partners. Beta has been designated to be the ultimate holding company of the SPi Technologies, Inc. and Subsidiaries. On July 22, 2016, Asia Outsourcing Gamma Limited, or AOGL, entered into a SPA with Relia, Inc., one of the largest BPO companies in Japan, relating to the acquisition of AOGL’s Customer Relationship Management, or CRM, business under the legal entity SPi CRM, Inc. and Infocom Technologies, Inc., wholly-owned subsidiaries of SPi Technologies, Inc., for a total purchase consideration of US$ 190.9 million. AOGL is a wholly-owned subsidiary of Beta and the direct holding company of SPi Technologies, Inc. and Subsidiaries. The transaction was completed on September 30, 2016. As a result of the sale, PGIC received a cash distribution of US$ 11.2 million from Beta through redemption of its preferred shares and portion of its ordinary shares. On May 19, 2017, AOGL entered into a SPA with Partners Group, a global private markets investment manager, relating to the acquisition of SPi Global, a wholly-owned subsidiary of AOGL, for an enterprise value of US$ 330 million. The transaction was completed on August 25, 2017. As a result of the sale, PGIC received a total cash distribution of US$ 57.05 million from Beta on various dates in 2017 and 2018 through redemption of a portion of its ordinary shares. On May 14, 2021, PGIC entered into an Instrument of Transfer with its affiliate, PLDT Capital, relating to the acquisition of PGIC’s 554 ordinary shares (or 18.32 % full economic interest) in Beta for a purchase consideration of US$ 0.68 million. PGIC received the cash consideration from PLDT Capital also on May 14, 2021. The transfer of shares to PLDT Capital was completed on May 25, 2021. On May 17, 2022, PLDT Capital received a cash distribution of US$ 1.2 million from Beta through redemption of all its ordinary shares, resulting in the full divestment of the investment in Beta. Investment in PG1 On February 28, 2022, PLDT signed a Deed of Assignment under which investors led by Philex Mining Corporation, Metro Pacific Corporation, or MPIC, and Roxas Holdings, Inc. separately acquired a total of Php 44.7 million worth of equity interest in PG1 from PLDT. In addition, PG1 appointed a new director bringing the total number of directors to nine. As a result, PLDT’s ownership was diluted from 65.3 % to 47.6 % and retained four out of nine total board seats which resulted in a loss of control. Consequently, PLDT accounted for its remaining interest in PG1 as an investment in associate. A gain on deconsolidation amounting to Php 376.7 million was recognized as part of "Other Income (Expenses) – Net" in our consolidated income statement. See the related discussion on Note 2 – Summary of Significant Accounting Policies - Loss of Control of PLDT over PG1 . As at December 31, 2022, the carrying value of investment in PG1 amounted to nil as the equity share in net losses of PG1 is recognized only up to the extent of its carrying value. The excess of the equity share in net losses over its carrying value amounted to Php 3 million. The summarized financial information of PG1 as at and for the year ended December 31, 2022 is shown below : (in million pesos) Statement of Financial Position: Noncurrent assets 3,283 Current assets 123 Noncurrent liabilities ( 3,146 ) Current liabilities ( 847 ) Deficit ( 587 ) Income Statement: Revenues 70 Depreciation and amortization 153 Interest income — Benefit from income tax — Net loss 267 Other comprehensive loss — Total comprehensive loss 267 Equity share in net loss of PG1 127 Investment of Digitel in DCI and ANPC Digitel has 60 % and 40 % interest in ANPC and DCI, respectively. DCI is involved in the business of cable system. ANPC is an investment holding company owning 20 % of DCI. In December 2000, Digitel, Pacnet Network (Philippines), Inc., or PNPI, (formerly Asia Global Crossing Ltd.) and BT Group O/B Broadband Infrastructure Group Ltd., or BIG, entered into a joint venture agreement, or JVA, under which the parties agreed to form DCI with each party owning 40 %, 40 % and 20 %, respectively. DCI was incorporated to develop, provide and market backhaul network services, among others. On April 19, 2001, after BIG withdrew from the proposed joint venture, Digitel and PNPI formed ANPC to replace BIG. Digitel contributed US$ 2 million, or Php 69 million, for a 60 % equity interest in ANPC while PNPI owned the remaining 40 % equity interest. Digitel provided full impairment loss on its investment in DCI and ANPC in prior years on the basis that DCI and ANPC have incurred significant recurring losses in the past. In 2011 and 2017, Digitel recorded a reversal of impairment loss amounting to Php 92 million and Php 201 million, respectively, following improvement in DCI’s operations. Though Digitel owned more than half of the voting interest in ANPC, management assessed that Digitel only had significant influence, and not control, due to certain governance matters. Digitel’s investment in DCI did not qualify as investment in joint venture as there was no provision for joint control in the JVA among Digitel, PNPI and ANPC. Following PLDT’s acquisition of a controlling stake in Digitel, PNPI, on November 4, 2011, sent a notice to exercise its Call Right under Section 6.3 of the JVA, which provides for a Call Right exercisable by PNPI following the occurrence of a Digitel change in control. On June 2, 2021, Digitel fully divested its investments in DCI and ANPC. Following the divestment, the JVA dated December 2000, as amended, between and among the Company, DCI, ANPC and PNPI was mutually terminated. Investment of Smart in AFPI In 2013, Smart, along with other conglomerates MPIC and Ayala Corporation, or Ayala, embarked on a venture to bid for the Automated Fare Collection System, or AFCS, a project of the Department of Transportation and Communications, or DOTC, and Light Rail Transit Authority, to upgrade the Light Rail Transit 1 and 2, and Metro Rail Transit ticketing systems. In 2014, AFPI, the joint venture company, was incorporated in the Philippines and registered with the Philippine SEC. Smart initially subscribed to Php 503 million equivalent to 503 million shares at a subscription price of Php 1.00 per share representing 20 % equity interest, and participated in subsequent capital calls, thereafter. MPIC and Ayala Group signed a ten-year concession agreement with the DOTC to build and implement the AFCS project. Smart infused additional capital for the following years: Date Number of Shares Subscription Subscription (in million pesos) March 29, 2019 70 Preferred Shares 1.00 70 March 11, 2020 60 Preferred Shares 1.00 60 March 30, 2021 60 Preferred Shares 1.00 60 March 29, 2022 50 Preferred Shares 1.00 50 Smart retained its 20 % equity interest in AFPI as at December 31, 2022 and 2021. The summary of investments in AFPI made by Smart as at December 31, 2022 and 2021 is shown below: 2022 2021 (in million pesos) Common shares 625.7 625.7 Preferred shares 364.2 314.2 Smart’s investment in AFPI has been fully impaired as at December 31, 2022 and 2021. Share in net cumulative losses were not recognized as it does not have any legal or constructive obligation to pay for such losses and have not made any payments on behalf of AFPI. Summarized financial information of individually immaterial associates The following table presents the summarized financial information of our individually immaterial investments in associates for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (in million pesos) Income Statements: Revenues — 20 166 Net income (loss) — 25 ( 116 ) Other comprehensive loss — — — Total comprehensive loss (loss) — 25 ( 116 ) No dividends were received from our associates for the years ended December 31, 2022 and 2021, while Php 316 million were received for the year ended December 31, 2020. We have no outstanding contingent liabilities or capital commitments with our associates as at December 31, 2022 and 2021. Investments in Joint Ventures Investments of PLDT in VTI, Bow Arken and Brightshare On May 30, 2016, the PLDT Board approved the Company’s acquisition of 50 % equity interest, including outstanding advances and assumed liabilities, in the telecommunications business of San Miguel Corporation, or SMC, with Globe acquiring the other 50 % interest. On the same date, PLDT and Globe executed: (i) a Share Purchase Agreement, or SPA, with SMC to acquire the entire outstanding capital, including outstanding advances and assumed liabilities, in VTI (and the other subsidiaries of VTI), which holds SMC’s telecommunications assets through its subsidiaries, or the VTI Transaction; and (ii) separate SPAs with the owners of two other entities, Bow Arken (the parent company of New Century Telecoms, Inc.) and Brightshare (the parent company of eTelco, Inc.), which separately hold additional spectrum frequencies through their respective subsidiaries, or the Bow Arken Transaction and Brightshare Transaction, respectively. We refer to the VTI Transaction, Bow Arken Transaction and Brightshare Transaction collectively as the SMC Transactions. The consideration in the amount of Php 52.8 billion representing the purchase price for the equity interest and assigned advances of previous owners to VTI, Bow Arken and Brightshare was paid in three tranches: 50 % upon signing of the SPAs on May 30, 2016, 25 % on December 1, 2016 and the final 25 % on May 30, 2017. The SPAs also provide that PLDT and Globe, through VTI, Bow Arken and Brightshare, would assume liabilities amounting to Php 17.2 billion from May 30, 2016. In addition, the SPAs contain a price adjustment mechanism based on the variance in these assumed liabilities to be agreed among PLDT, Globe and previous owners on the results of the confirmatory due diligence procedures jointly performed by PLDT and Globe. On May 29, 2017, PLDT and Globe paid the previous 2owners the net amount of Php 2.6 billion in relation to the aforementioned price adjustment based on the result of the confirmatory due diligence. See Note 28 – Financial Assets and Liabilities – Commercial Commitments . As part of the SMC Transactions, PLDT and Globe acquired certain outstanding advances made by the former owners of VTI, Bow Arken and Brightshare to VTI, Bow Arken and Brightshare or their respective subsidiaries. The largest amounts of the advances outstanding to PLDT since the date of assignment to PLDT amounted to Php 11,359 million: (i) Php 11,038 million from VTI and its subsidiaries; (ii) Php 238 million from Bow Arken and its subsidiaries; and (iii) Php 83 million from Brightshare and its subsidiaries. On February 28, 2017, PLDT and Globe each subscribed to 2.8 million new preferred shares to be issued out of the unissued portion of the existing authorized capital stock of VTI, at a subscription price of Php 4 thousand per subscribed share (inclusive of a premium over par of Php 3 thousand per subscribed share) or a total subscription price for each of Php 11,040 million (inclusive of a premium over par of Php 8,280 million). PLDT and Globe’s assigned advances from SMC which were subsequently reclassified to deposit for future subscription of each amounting to Php 11,040 million were applied as full subscription payment for the subscribed shares. Also, on the same date, PLDT and Globe each subscribed to 800 thousand new preferred shares of the authorized capital stock of VTI, at a subscription price of Php 4 thousand per subscribed share (inclusive of a premium over par of Php 3 thousand per subscribed share), or a total subscription price for each Php 3,200 million (inclusive of a premium over par of Php 2,400 million). PLDT and Globe each paid Php 148 million in cash for the subscribed shares upon execution of the relevant agreement. The remaining balance of the subscription price of PLDT and Globe were fully paid as at December 29, 2017. On December 15, 2017, PLDT and Globe each subscribed to 600 thousand new preferred shares of the authorized capital stock of VTI, at a subscription price of Php 5 thousand per subscribed share (inclusive of a premium over par of Php 4 thousand per subscribed share), for a total subscription price of Php 3,000 million (inclusive of a premium over par of Php 2,400 million). PLDT and Globe each paid Php 10 million in cash for the subscribed shares upon execution of the agreement. The remaining balance of the subscription price was paid via conversion of advances amounting to Php 2,990 million as at December 31, 2017. The amount of the advances outstanding of PLDT, to cover for the assumed liabilities and working capital requirements of the acquired companies, amounted to Php 69 million and Php 13 million as at December 31, 2022 and 2021, respectively. Purchase Price Allocation PLDT has engaged an independent valuer to determine the fair value adjustments relating to the acquisition. As at May 30, 2016, our share in the fair value of the intangible assets, which includes spectrum, amounted to Php 18,885 million and goodwill of Php 17,824 million has been determined based on the results of an independent valuation. Goodwill arising from this acquisition and carrying amount of the identifiable assets and liabilities, including deferred tax liability, and the related amortization through equity in net earnings were retrospectively adjusted accordingly. The table below presents the summarized financial information of VTI, Bow Arken and Brightshare as at December 31, 2022 and 2021, and for the years ended December 31, 2022, 2021 and 2020: 2022 2021 (in million pesos) Statements of Financial Position: Noncurrent assets 77,543 76,925 Current assets 4,617 4,836 Noncurrent liabilities 9,264 9,442 Current liabilities 2,260 2,155 Equity 70,636 70,164 Carrying amount of assets in VTI, Bow Arken and Brightshare 33,584 33,596 Additional Information: Cash and cash equivalents 2,733 3,183 Current financial liabilities* 142 60 Noncurrent financial liabilities* — — * Excluding trade, other payables and provisions. 2022 2021 2020 (in million pesos) Income Statements: Revenues 4,033 3,772 3,413 Depreciation and amortization 1,569 1,490 1,445 Interest income 45 16 25 Provision for income tax 178 174 196 Net income 148 157 175 Other comprehensive income — — — Total comprehensive income 148 157 175 PLDT's share 74 79 87 CREATE adjustment — 892 — Equity share in net income of VTI, Bow Arken and Brightshare 74 971 87 The carrying value of PLDT’s investment in VTI, Bow Arken and Brightshare as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) VTI, Bow Arken and Brightshare equity 70,636 70,164 PLDT's share 50 % 50 % Share in net assets of VTI, Bow Arken and Brightshare 35,318 35,082 Share in adjustment based on liability and ETPI net cash balance 442 442 Reimbursements ( 230 ) ( 155 ) Share in SMC's advances in VTI, Bow Arken and Brightshare ( 840 ) ( 840 ) Non-controlling interests ( 952 ) ( 857 ) Others ( 154 ) ( 76 ) Carrying amount of interest in VTI, Bow Arken and Brightshare 33,584 33,596 Notice of Transaction filed with the PCC On May 30, 2016, prior to closing the transaction, each of PLDT, Globe and SMC submitted notices of the VTI, Bow Arken and Brightshare Transaction (respectively, the VTI Notice, the Bow Arken Notice and the Brightshare Notice and collectively, the Notices) to the PCC pursuant to the Philippine Competition Act, or PCA, and Circular No. 16-001 and Circular No. 16-002 issued by the PCC, or the Circulars. As stated in the Circulars, upon receipt by the PCC of the requisite notices, each of the said transactions shall be deemed approved in accordance with the Circulars. Subsequently, on June 7, 2016, PLDT and the other parties to the said transactions received separate letters dated June 6 and 7, 2016 from the PCC which essentially stated, that: (a) with respect to VTI Transaction, the VTI Notice is deficient and defective in form and substance, therefore, the VTI Transaction is not “deemed approved” by the PCC, and that the missing key terms of the transaction are critical since the PCC considers certain agreements as prohibited and illegal; and (b) with respect to the Bow Arken and Brightshare Transactions, the compulsory notification under the Circulars does not apply and that even assuming that the Circulars apply, the Bow Arken Notice and the Brightshare Notice are deficient and defective in form and substance. On June 10, 2016, PLDT submitted its response to the PCC’s letter articulating its position that the VTI Notice is adequate, complete and sufficient and compliant with the requirement under the Circulars and does not contain false material information; as such, the VTI Transaction enjoys the benefit of Section 23 of the PCA. Therefore, the VTI Transaction is deemed approved and cannot be subject to retroactive review by the PCC. Moreover, the parties have taken all necessary steps, including the relinquishment/return of certain frequencies and co-use of the remaining frequencies by Smart and Belltel and Globe and Belltel as discussed above, to ensure that the VTI Transaction will not substantially prevent, restrict or lessen competition to violate the PCA. Nevertheless, in the spirit of cooperation and for transparency, the parties voluntarily submitted to the PCC, among others, copies of the SPAs for the PCC’s information and reference. In a letter dated June 17, 2016, the PCC required the parties to further submit additional documents relevant to the co-use arrangement and the frequencies subject thereto, as well as other definitive agreements relating to the VTI Transaction. It also disregarded the deemed approved status of the VTI Transaction in violation of the Circulars which the PCC itself issued, and insisted that it will conduct a full review, if not investigation of the said transaction under the different operative provisions of the PCA. In the Matter of the Petition against the PCC On July 12, 2016, PLDT filed before the Court of Appeals, or CA, a Petition for Certiorari and Prohibition (With Urgent Application for the Issuance of a Temporary Restraining Order, or TRO, and/or Writ of Preliminary Injunction), or the Petition, against the PCC. The Petition sought to enjoin the PCC from proceeding with the review of the acquisition by PLDT and Globe of equity interest, including outstanding advances and assumed liabilities, in the telecommunications business of SMC, or the SMC Transactions, and performing any act which challenges or assails the “deemed approved” status of the SMC Transactions. On July 19, 2016, the 12 th Division of the CA, issued a Resolution directing the PCC through the Office of the Solicitor General, or the OSG, to file its Comment within a non-extendible period of 10 days from notice and show cause why the Petition should not be granted. On August 11, 2016, the PCC through the OSG, filed its Comment to the Petition (With Opposition to Petitioner’s Application for a Writ of Preliminary Injunction). On August 19, 2016, PLDT filed its Reply to Respondent PCC’s Comment. On August 26, 2016, the CA issued a Writ of Preliminary Injunction enjoining and directing the respondent PCC, their officials and agents, or persons acting for and in their behalf, to cease and desist from conducting further proceedings for the pre-acquisition review and/or investigation of the SMC Transactions based on its Letters dated June 7, 2016 and June 17, 2016 during the pendency of the case and until further orders are issued by the CA. On September 14, 2016, the PCC filed a Motion for Reconsideration of the CA’s Resolution. During this time, Globe moved to have its Petition consolidated with the PLDT Petition. In a Resolution promulgated on October 19, 2016, the CA, or the First CA Resolution: (i) accepted the consolidation of Globe’s petition versus the PCC (CA G.R. SP No. 146538) into PLDT’s petition versus the PCC (CA G.R. SP No. 146528) with the right of replacement; (ii) admitted the Comment dated October 4, 2016 filed by the PCC; (iii) referred to the PCC for Comment (within 10 days from receipt of notice) PLDT’s Urgent Motion for the Issuance of a Gag Order dated September 30, 2016 and to cite the PCC for indirect contempt; and (iv) ordered all parties to submit simultaneous memoranda within a non-extendible period of 15 days from notice. On November 11, 2016, PLDT filed its Memorandum in compliance with the CA’s Resolution. On February 17, 2017, the CA issued a Resolution, or the Second CA Resolution, denying PCC’s Motion for Reconsideration dated September 14, 2016, for lack of merit. The CA denied PLDT’s Motion to Cite the PCC for indirect Contempt for being premature. In the same Resolution, as well as in a separate Gag Order attached to the Resolution, the CA granted PLDT’s Urgent Motion for the Issuance of a Gag Order and directed PCC to remove i

Financial Assets at FVPL

Financial Assets at FVPL	12 Months Ended
	Dec. 31, 2022
Financial assets at fair value through profit or loss [abstract]
Financial Assets at FVPL	12. Financial Assets at FVPL As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Club shares and others 432 339 Phunware — — 432 339 Investment of PLDT Capital in Phunware On September 3, 2015, PLDT Capital subscribed to an 8 % US$ 5 million Convertible Promissory Note, or Note, issued by Phunware, a Delaware corporation. Phunware provides an expansive mobile delivery platform that creates, markets, and monetizes mobile application experiences across multiple screens. The US$ 5 million Note was issued to and paid for by PLDT Capital on September 4, 2015. On December 18, 2015, PLDT Capital subscribed to Series F Preferred Shares of Phunware for a total consideration of US$ 3 million. On the same date, the Note and its related interest were converted to additional Phunware Series F Preferred Shares. On February 27, 2018, Phunware entered into a definitive Agreement and Plan of Merger, or Merger Agreement, with Stellar Acquisition III, Inc., or Stellar, relating to a business combination transaction for an enterprise value of US$ 301 million, on a cash-free, debt-free basis. Pursuant to the Merger Agreement, the holders of Phunware common stock will be entitled to the right to receive the applicable portion of the merger consideration in the form of Stellar common shares, which are listed on the Nasdaq Stock Market. As a result, the holders of Phunware preferred stock have requested the automatic conversion of all outstanding preferred shares into common shares effective as of immediately prior to the closing of the transaction on a conversion ratio of one common share per one preferred share. In addition to the right to receive Stellar common shares, each holder of Phunware Stock is entitled to elect to receive its pro rata share of warrants to purchase Stellar common shares that are held by the affiliate companies of Stellar’s co-Chief Executive Officers, or Stellar’s Sponsors. On November 28, 2018, PLDT Capital elected to receive its full pro rata share of the warrants to purchase Stellar common shares held by Stellar’s Sponsors. On December 26, 2018, Phunware announced the consummation of its business combination with Stellar. Stellar, the new Phunware holding company, changed its corporate name to “Phunware, Inc.,” or PHUN, and Phunware changed its corporate name to “Phunware OpCo, Inc.” Upon closing, PLDT Capital received the PHUN common shares equivalent to its portion of the merger consideration and its full pro rata share of warrants to purchase PHUN common shares. On March 15, 2019, PLDT Capital exercised its warrants to purchase PHUN common shares for a total consideration of US$ 1.6 million. On October 25, 2021, PLDT Capital sold all of its PHUN common shares for an aggregate amount of US$ 9.5 million, or Php 482 million, resulting in the full divestment of the investment in Phunware and a gain on fair value change amounting to Php 306 million and a gain on sale amounting to Php 115 million were recognized.

Debt Instruments at Amortized C

Debt Instruments at Amortized Cost	12 Months Ended
	Dec. 31, 2022
Debt instruments held [abstract]
Debt Instruments at Amortized Cost	13. Debt Instruments at Amortized Cost As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Retail Treasury Bonds 440 400 BDO Asean Bonds 100 — Fixed Rate Treasury Notes, or FXTN 56 — Time deposits — 207 596 607 Less: Current portion of debt instrument at amortized cost (Note 28) — 207 Noncurrent portion of debt instrument at amortized cost (Note 28) 596 400 Retail Treasury Bonds On March 9, 2021, Smart purchased at par a three-year Retail Treasury Bond Tranche 25 with face value of Php 100 million maturing on March 9, 2024 . The bond has a gross coupon rate of 2.375 % payable on a quarterly basis. The bond is classified as debt instrument at amortized cost. Interest income, net of withholding tax, recognized on this investment amounted to Php 1.9 million and Php 1.5 million for the years ended December 31, 2022 and 2021, respectively. The carrying value of this investment amounted to Php 100 million each as at December 31, 2022 and 2021. On December 2, 2021, PLDT and Smart purchased at par a 5.5 -year Retail Treasury Bond Tranche 26 with face value of Php 300 million maturing on June 2, 2027 . The bond has a gross coupon rate of 4.6250 % payable on a quarterly basis. The bond is classified as debt instrument at amortized cost. Interest income, net of withholding tax, recognized on this investment amounted to Php 11.1 million and Php 904 thousand for the years ended December 31, 2022 and 2021, respectively. The carrying value of this investment amounted to Php 300 million each as at December 31, 2022 and 2021. On March 4, 2022, PLDT and Smart purchased at par a 5-year Retail Treasury Bond Tranche 27 with face value of Php 40 million maturing on March 4, 2027 . The bond has a gross coupon rate of 4.8750 % payable on a quarterly basis. The bond is classified as debt instrument at amortized cost. Interest income, net of withholding tax, recognized on this investment amounted to Php 1.3 million for the year ended December 31, 2022. The carrying value of this investment amounted to Php 40 million as at December 31, 2022. On September 29, 2022, Smart purchased at premium a 3-month Retail Treasury Bond 05-11 with face value of Php 5 million maturing on December 4, 2022 . The bond has a gross coupon rate of 4.6250 % payable on a quarterly basis. The bond is classified as debt instrument at amortized cost. Interest income, net of withholding tax, recognized on this investment amounted to Php 59 thousand for the year ended December 31, 2022. The carrying value of this investment amounted to nil as at December 31, 2022. BDO ASEAN Sustainable Bond On January 28, 2022, PLDT and Smart purchased at par a two-year BDO Fixed Rate ASEAN Sustainability Bond Due 2024 with face value of Php 100 million maturing on January 28, 2024 . The bond has a gross coupon rate of 2.90 % payable on a quarterly basis. The bond is classified as debt instrument at amortized cost. Interest income, net of withholding tax, recognized on this investment amounted to Php 2.1 million for the year ended December 31, 2022. The carrying value of this investment amounted to Php 100 million as at December 31, 2022. FXTN On June 3, 2022, Smart purchased at a discount a three-year FXTN 03-27 with face value of Php 25 million maturing on April 7, 2025 . The bond has a gross coupon rate of 4.25 % payable on a semi-annual basis. The bond is classified as debt instrument at amortized cost. Interest income, net of withholding tax, recognized on this investment amounted to Php 760 thousand for the year ended December 31, 2022. The carrying value of this investment amounted to Php 25 million as at December 31, 2022. On June 16, 2022, Smart purchased at a premium a seven-year FXTN 07-67 with face value of Php 10 million maturing on May 19, 2029 . The bond has a gross coupon rate of 6.5 % payable on a semi-annual basis. The bond is classified as debt instrument at amortized cost. Interest income, net of withholding tax, recognized on this investment amounted to Php 361 thousand for the year ended December 31, 2022. The carrying value of this investment amounted to Php 10 million as at December 31, 2022. On July 7, 2022, PLDT and Smart purchased at a premium a four-year FXTN 07-62 with face value of Php 20 million maturing on February 14, 2026 . The bond has a gross coupon rate of 6.25 % payable on a semi-annual basis. The bond is classified as debt instrument at amortized cost. Interest income, net of withholding tax, recognized on this investment amounted to Php 1.4 million for the year ended December 31, 2022. The carrying value of this investment amounted to Php 21 million as at December 31, 2022. Time Deposits In June 2020, PLDT invested US$ 10.0 million in a two-year time deposit with BDO Unibank, Inc., or BDO, maturing on June 29, 2022 at a gross coupon rate of 0.90 % (net of Trust Fees). This long-term fixed rate time deposit pays interest on a monthly basis or an estimate of 30 days . The deposits may be terminated prior to maturity at the applicable pretermination rates. Investment was preterminated on October 21, 2021. Interest income, net of withholding tax, recognized on this investment amounted to US$ 63 thousand, or Php 3.1 million, and US$ 39 thousand, or Php 1.9 million, for the years ended December 31, 2021 and 2020, respectively. In July 2020, PLDT invested US$ 10.0 million in a two-year time deposit with BDO maturing on July 2, 2022 at a gross coupon rate of 1.00 %. This long-term fixed rate time deposit pays interest on a monthly basis or an estimate of 30 days. The deposits may be terminated prior to maturity at the applicable pretermination rates. Investment was preterminated on October 21, 2021. Interest income, net of withholding tax, recognized on this investment amounted to US$ 69 thousand, or Php 3.4 million, and US$ 43 thousand, or Php 2.1 million, for the years ended December 31, 2021 and 2020, respectively. In July 2020, PLDT and Smart invested US$ 2.0 million each in a two-year time deposit with Landbank of the Philippines, or LBP, which matured on July 29, 2022 and August 1, 2022 , respectively, at a gross coupon rate of 2.00 %. These long-term fixed rate time deposits pay interest on a yearly basis or an estimate of 360 days. The deposit may be terminated prior to maturity at the applicable pretermination rates. Interest income, net of withholding tax, recognized on this investment amounted to US$ 40 thousand, or Php 2.4 million, US$ 68 thousand, or Php 3.5 million, and US$ 30 thousand, or Php 1.4 million, for the years ended December 31, 2022, 2021 and 2020, respectively. The carrying value of this investment amounted to nil and Php 207 million as at December 31, 2022 and 2021, respectively. GT Capital Bond In February 2013, Smart purchased at par a seven-year GT Capital Bond with face value of Php 150 million which matured on February 27, 2020 . The bond has a gross coupon rate of 4.84 % payable on a quarterly basis. Interest income, net of withholding tax, recognized on this investment amounted to Php 1 million for the year ended December 31, 2020.

Investment Properties

Investment Properties	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about investment property [abstract]
Investment Properties	14. Investment Properties Changes in investment properties account for the years ended December 31, 2022 and 2021 are as follows: Land Land Building Total (in million pesos) December 31, 2022 Balances at beginning and end of the year 771 3 155 929 Net gains from fair value adjustments charged to profit or loss 96 ( 1 ) 2 97 Transfers from (to) property and equipment 2 — ( 2 ) — Disposals during the period ( 11 ) — — ( 11 ) Balances at end of the year 858 2 155 1,015 December 31, 2021 Balances at beginning of the year 728 4 163 895 Net gains (losses) from fair value adjustments charged 43 ( 1 ) ( 8 ) 34 Balances at end of the year 771 3 155 929 Investment properties, which consist of land, land improvements and building, are stated at fair values, which have been determined based on appraisal performed by an independent firm of appraisers, an industry specialist in valuing these types of investment properties. The valuation for land was based on a market approach valuation technique using price per square meter ranging from Php 50 to Php 36 thousand. The valuation for building and land improvements was based on a cost approach valuation technique using current material and labor costs for improvements based on external and independent reviewers. We have determined that the highest and best use of some of the idle or vacant land properties at the measurement date would be to convert the properties for residential or commercial development. The properties are not being used for strategic reasons. We have no restrictions on the realizability of our investment properties and no contractual obligations to either purchase, construct or develop investment properties or for repairs, maintenance and enhancements. Repairs and maintenance expenses related to investment properties that do not generate rental income amounted to Php 93 million, Php 78 million and Php 70 million for the years ended December 31, 2022, 2021 and 2020, respectively. Rental income relating to investment properties that are being leased and included as part of revenues amounted to Php 51 million, Php 48 million and Php 51 million for the years ended December 31, 2022, 2021 and 2020, respectively. See Note 10 – Leases . The above investment properties were categorized under Level 2 and Level 3 of the fair value hierarchy. There were no transfers in and out of Level 2 and Level 3 of the fair value hierarchy. Significant increases (decreases) in price per square meter for land, current material and labor costs of improvements would result in a significantly higher (lower) fair value measurement.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2022
Intangible assets and goodwill [abstract]
Goodwill and Intangible Assets	15. Goodwill and Intangible Assets Changes in goodwill and intangible assets account for the years ended December 31, 2022 and 2021 are as follows: Intangible Intangible Assets with Finite Life Total Total Total Indefinite Trademark Franchise Licenses Customer Spectrum Others Finite Intangible Assets Goodwill Intangible (in million pesos) December 31, 2022 Costs: Balances at beginning and end of the year — 4,505 3,016 135 4,703 1,205 799 14,363 14,363 62,033 76,396 Additions during the year (Note 11) 220 — — — — — 521 521 741 1,565 2,306 Disposals — — — — — — — — — ( 3 ) ( 3 ) Balances at end of the year 220 4,505 3,016 135 4,703 1,205 1,320 14,884 15,104 63,595 78,699 Accumulated amortization and impairment: Balances at beginning of the year — 4,505 1,892 131 4,703 1,205 771 13,207 13,207 654 13,861 Amortization during the year — — 186 4 — — 38 228 228 — 228 Business combinations — — — — — — 71 71 71 — 71 Translation and other adjustments — — — — — — ( 10 ) ( 10 ) ( 10 ) — ( 10 ) Balances at end of the year — 4,505 2,078 135 4,703 1,205 870 13,496 13,496 654 14,150 Net balances at end of the year 220 — 938 — — — 450 1,388 1,608 62,941 64,549 Estimated useful lives (in years) — — 16 — — — 5 - 10 — — — — Remaining useful lives (in years) — — 5 — — — 4 - 9 — — — — December 31, 2021 Costs: Balances at beginning and end of the year — 4,505 3,016 135 4,703 1,205 771 14,335 14,335 62,033 76,368 Additions during the year — — — — — — 28 28 28 — 28 Balances at end of the year — 4,505 3,016 135 4,703 1,205 799 14,363 14,363 62,033 76,396 Accumulated amortization and impairment: Balances at beginning of the year — 1,877 1,706 123 4,703 1,205 771 10,385 10,385 654 11,039 Amortization during the year — 2,628 186 8 — — — 2,822 2,822 — 2,822 Balances at end of the year — 4,505 1,892 131 4,703 1,205 771 13,207 13,207 654 13,861 Net balances at end of the year — — 1,124 4 — — 28 1,156 1,156 61,379 62,535 Estimated useful lives (in years) — — 16 18 — — 5 — — — — Remaining useful lives (in years) — — 6 1 — — 5 — — — — The consolidated goodwill and intangible assets of our reportable segments as at December 31, 2022 and 2021 are as follows: 2022 2021 Wireless Fixed Line Total Wireless Fixed Line Total (in million pesos) Franchise 938 — 938 1,124 — 1,124 Customer list — 220 220 — — — Licenses — — — 4 — 4 Others — 450 450 — 28 28 Total intangible assets 938 670 1,608 1,128 28 1,156 Goodwill 56,571 6,370 62,941 56,571 4,808 61,379 Total goodwill and intangible assets 57,509 7,040 64,549 57,699 4,836 62,535 The consolidated future amortization of intangible assets as at December 31, 2022 are as follows: Year (in million pesos) 2023 48 2024 192 2025 192 2026 191 2027 and onwards 385 1,008 Amortization of Sun Cellular Trademark Trademark pertains to the “ Sun Cellular ” trademark of DMPI, resulting from PLDT’s acquisition of Digitel in 2011. It was assessed during the acquisition that the trademark would have indefinite useful life because we had no plans to fade out DMPI’s trademark. In October 2020, we implemented the rebranding of Sun Prepaid into Smart Prepaid. Subscribers retained their existing Sun numbers while having access to expanded retail customer care channels, data-centric offers of Smart alongside existing select Sun top-up offers. As a result, we fully amortized the " Sun Cellular " trademark until July 2021, of which Php 2,628 million and Php 1,877 million were recognized in 2021 and 2020. See Note 2 – Summary of Significant Accounting Policies – Sun Prepaid Rebranding to Smart Prepaid and Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Estimating useful lives of intangible assets with finite lives . Impairment Testing of Goodwill The organizational structure of PLDT and its subsidiaries is designed to monitor financial operations based on fixed line and wireless segmentation. Management provides guidelines and decisions on resource allocation, such as continuing or disposing of asset and operations by evaluating the performance of each segment through review and analysis of available financial information on the fixed line and wireless segments. As at December 31, 2022, the PLDT Group’s goodwill comprised of goodwill resulting from PGIH’s acquisition of Multisys, ePLDT’s acquisition of IPCDSI in 2012, PLDT’s acquisition of Digitel in 2011, ePLDT’s acquisition of ePDS in 2011, Smart’s acquisition of PDSI and Chikka in 2009, SBI’s acquisition of Airborne Access Corporation in 2008, and Smart’s acquisition of SBI in 2004. Although revenue streams may be segregated among the companies within the PLDT Group, cash inflows are not considered coming from independent group of assets on a per Company basis due largely to the significant portion of shared and commonly used network/platform that generates related revenue. On the other hand, PLDT has the largest fixed line network in the Philippines. PLDT’s transport facilities are installed nationwide to cover both domestic and international IP backbone to route and transmit IP traffic generated by the customers. In the same manner, PLDT has the most Internet Gateway facilities which are composed of high capacity IP routers and switches that serve as the main gateway of the Philippines to the Internet connecting to the World Wide Web. With PLDT’s network coverage, other fixed line subsidiaries share the same facilities to leverage on a Group perspective. Because of the significant common use of network facilities among fixed line and wireless companies within the Group, management deems that the Wireless and Fixed Line units are the lowest CGUs to which goodwill is to be allocated and tested for impairment given that the Fixed Line and Wireless operations generate cash inflows that are largely independent of the cash inflows from other assets or groups of assets. The recoverable amount of the Wireless and Fixed Line CGUs have been determined using the value- in-use approach calculated using cash flow projections based on the financial budgets approved by the Board of Directors. The post-tax discount rates applied to cash flow projections are 7.38 % for the Wireless and Fixed Line CGUs. Cash flows beyond the projection period of three years are determined using a 2 % growth rate for the Wireless and Fixed Line CGUs, which is the same as the long-term average growth rate for the telecommunications industry. Other key assumptions used in the cash flow projections include revenue growth rate and capital expenditures. Based on the assessment of the VIU of the Wireless and Fixed Line CGUs, the recoverable amount of the Wireless and Fixed Line CGUs exceeded their carrying amounts, hence, no impairment was recognized in relation to goodwill as at December 31, 2022 and 2021. The accumulated impairment balance as at December 31, 2022 and 2021 is comprised of Php 438 million from PLDT’s acquisition of Digitel and Php 216 million from ePLDT’s acquisition of AGS.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents [abstract]
Cash and Cash Equivalents	16. Cash and Cash Equivalents As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Cash on hand and in banks (Note 28) 16,533 10,616 Temporary cash investments (Note 28) 8,678 13,291 25,211 23,907 Cash in banks earn interest at prevailing bank deposit rates. Temporary cash investments are made for varying periods of up to three months depending on our immediate cash requirements and earn interest at the prevailing temporary cash investment rates. Due to the short-term nature of such transactions, the carrying value approximates the fair value of our temporary cash investments. See Note 28 – Financial Assets and Liabilities . Interest income earned from cash in banks and temporary cash investments amounted to Php 255 million, Php 269 million and Php 560 million for the years ended December 31, 2022, 2021 and 2020, respectively. See Note 5 – Income and Expenses .

Trade and Other Receivables

Trade and Other Receivables	12 Months Ended
	Dec. 31, 2022
Trade and other receivables [abstract]
Trade and Other Receivables	17. Trade and Other Receivables As at December 31, 2022 and 2021, this account consists of receivables from: 2022 2021 (in million pesos) Retail subscribers (Note 28) 17,216 15,676 Corporate subscribers (Note 28) 15,151 13,079 Foreign administrations (Note 28) 1,058 1,341 Domestic carriers (Note 28) 296 241 Dealers, agents and others (Note 28) 6,195 5,288 39,916 35,625 Less: Allowance for expected credit losses 13,661 13,835 26,255 21,790 Receivables from foreign administrations and domestic carriers represent receivables based on interconnection agreements with other telecommunications carriers. The aforementioned amounts of receivables are shown net of related payables to the same telecommunications carriers where a legal right of offset exists and settlement is facilitated on a net basis. Receivables from dealers, agents and others consist mainly of receivables from credit card companies, dealers and distributors having collection arrangements with the PLDT Group, dividend receivables and advances to affiliates. Trade and other receivables are noninterest-bearing and generally have settlement terms of 30 to 180 days . For terms and conditions relating to related party receivables, see Note 25 – Related Party Transactions . See Note 28 – Financial Assets and Liabilities on credit risk of trade receivables to understand how we manage and measure credit quality of trade receivables that are neither past due nor impaired. The following table explains the changes in the allowance for expected credit losses as at December 31, 2022 and 2021: Retail Subscribers Corporate Subscribers Foreign Domestic Carriers Dealers, Agents Total Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Stage 2 Stage 3 Stage 2 Stage 3 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Lifetime ECL Lifetime ECL Lifetime ECL Lifetime ECL Lifetime ECL Lifetime ECL Total (in million pesos) December 31, 2022 Balances at beginning — 1,573 6,466 — 1,378 3,330 — 121 — 14 87 866 — 3,038 10,797 13,835 Provisions and other — 782 3,420 — 427 489 1 33 — ( 13 ) 3 14 — 1,213 3,943 5,156 Reclassifications and reversals — ( 489 ) 578 — ( 129 ) ( 27 ) — — — — 562 6 — ( 56 ) 557 501 Translation adjustments — — — — 41 24 — — — — — — — 41 24 65 Write-offs — — ( 5,441 ) — — ( 434 ) — ( 21 ) — — — — — — ( 5,896 ) ( 5,896 ) Balances at end of the year — 1,866 5,023 — 1,717 3,382 1 133 — 1 652 886 — 4,236 9,425 13,661 December 31, 2021 Balances at beginning — 2,433 7,557 — 1,380 3,478 9 227 3 58 135 971 — 3,960 12,291 16,251 Provisions and other — ( 820 ) 3,516 — ( 18 ) 1,045 ( 9 ) 4 ( 3 ) 8 ( 48 ) 62 — ( 898 ) 4,635 3,737 Reclassifications and reversals — ( 5 ) 86 — ( 1 ) ( 31 ) — ( 12 ) — — — ( 30 ) — ( 6 ) 13 7 Write-offs — ( 35 ) ( 4,693 ) — — ( 1,168 ) — ( 98 ) — ( 52 ) — ( 137 ) — ( 35 ) ( 6,148 ) ( 6,183 ) Translation adjustments — — — — 17 6 — — — — — — — 17 6 23 Balances at end of the year — 1,573 6,466 — 1,378 3,330 — 121 — 14 87 866 — 3,038 10,797 13,835 The significant changes in the balances of trade and other receivables and contract assets are disclosed in Note 5 – Income and Expenses , while the information about the credit exposures are disclosed in Note 28 – Financial Assets and Liabilities .

Inventories and Supplies

Inventories and Supplies	12 Months Ended
	Dec. 31, 2022
Classes of current inventories [abstract]
Inventories and Supplies	18. Inventories and Supplies As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Commercial: At net realizable value (1) 2,110 2,109 At cost 2,455 2,835 Network: At net realizable value (1) 577 515 At cost 1,727 1,702 Others: At net realizable value (1) 881 1,038 At cost 1,604 1,813 Total inventories and supplies at the lower of cost or net realizable value 3,568 3,662 (1) Amounts are net of allowance for inventory obsolescence and write-downs. The cost of inventories and supplies recognized as expense for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Cost of sales 11,287 7,375 8,882 Repairs and maintenance 986 850 613 Provisions (Note 5) 414 847 934 Selling and promotions 4 9 3 12,691 9,081 10,432 Changes in the allowance for inventory obsolescence and write-down for the years ended December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Balances at beginning of the year 2,688 2,363 Provisions (Note 5) 414 847 Reclassification 282 ( 73 ) Translation revaluation 2 2 Reversals ( 136 ) ( 11 ) Cost of sales ( 1,032 ) ( 440 ) Balances at end of the year 2,218 2,688

Prepayments

Prepayments	12 Months Ended
	Dec. 31, 2022
Prepayments [Abstract]
Prepayments	19. Prepayments As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Advances to suppliers and contractors 69,326 82,749 Prepaid taxes 14,911 15,652 Prepaid fees and licenses 1,983 1,631 Prepaid benefit costs (Note 26) 1,598 1,018 Prepaid repairs and maintenance 542 531 Prepaid rent 528 574 Prepaid insurance (Note 25) 120 163 Other prepayments 6,741 5,166 95,749 107,484 Less current portion of prepayments 14,696 12,707 Noncurrent portion of prepayments 81,053 94,777 Advances to suppliers and contractors are noninterest-bearing and are to be applied to contractors’ subsequent progress billings for projects. Prepaid taxes include creditable withholding taxes and input VAT. Prepaid benefit costs represent excess of fair value of plan assets over present value of defined benefit obligations recognized in our consolidated statements of financial position. See Note 26 – Pension and Other Employee Benefits . Other prepayments include capitalized commission amounting to Php 6,286 million and Php 4,859 million as at December 31, 2022 and 2021, respectively. See Note 5 - Income and Expenses .

Equity

Equity	12 Months Ended
	Dec. 31, 2022
Equity [abstract]
Equity	20. Equity PLDT’s number of shares of subscribed and outstanding capital stock as at December 31, 2022 and 2021 are as follows: 2022 2021 (in millions) Authorized Non-Voting Serial Preferred Stock 388 388 Voting Preferred Stock 150 150 Common Stock 234 234 Subscribed Non-Voting Serial Preferred Stock (1) 300 300 Voting Preferred Stock 150 150 Common Stock 219 219 Outstanding Non-Voting Serial Preferred Stock (1) 300 300 Voting Preferred Stock 150 150 Common Stock 216 216 Treasury Stock Common Stock 3 3 (1) 300 million shares of Series IV Cumulative Non-Convertible Redeemable Preferred Stock subscribed for Php 3 billion, of which 360 million has been paid. There were no changes in PLDT’s capital account for the years ended December 31, 2022 and 2021. Preferred Stock Non-Voting Serial Preferred Stock On November 5, 2013, the Board of Directors designated 50,000 shares of Non-Voting Serial Preferred Stock as Series JJ 10 % Cumulative Convertible Preferred Stock to be issued from January 1, 2013 to December 31, 2015, pursuant to the PLDT Subscriber Investment Plan, or SIP. On June 8, 2015, PLDT issued 870 shares of Series JJ 10% Cumulative Convertible Preferred Stock. On January 26, 2016, the Board of Directors designated 20,000 shares of Non-Voting Serial Preferred Stock as Series KK 10 % Cumulative Convertible Preferred Stock to be issued from January 1, 2016 to December 31, 2020, pursuant to the SIP. The Series JJ and KK 10 % Cumulative Convertible Preferred Stock, or SIP shares, earns cumulative dividends at an annual rate of 10%. After the lapse of one year from the last day of the year of issuance of a particular Series of 10% Cumulative Convertible Preferred Stock, any holder of such series may convert all or any of the shares of 10% Cumulative Convertible Preferred Stock held by him into fully paid and non-assessable shares of Common Stock of PLDT, at a conversion price equivalent to 10 % below the average of the high and low daily sales price of a share of Common Stock of PLDT on the PSE, or if there have been no such sales on the PSE on any day, the average of the bid and the ask prices of a share of Common Stock of PLDT at the end of such day on such Exchange, in each case averaged over a period of 30 consecutive trading days prior to the conversion date, but in no case shall the conversion price be less than the par value per share of Common Stock. The number of shares of Common Stock issuable at any time upon conversion of 10% Cumulative Convertible Preferred Stock is determined by dividing Php 10.00 by the then applicable conversion price. In case the shares of Common Stock outstanding are at any time subdivided into a greater or consolidated into a lesser number of shares, then the minimum conversion price per share of Common Stock will be proportionately decreased or increased, as the case may be, and in the case of a stock dividend, such price will be proportionately decreased, provided, however, that in every case the minimum conversion price shall not be less than the par value per share of Common Stock. In the event the relevant effective date for any such subdivision or consolidation of shares of stock dividend occurs during the period of 30 trading days preceding the presentation of any shares of 10% Cumulative Convertible Preferred Stock for conversion, a similar adjustment will be made in the sales prices applicable to the trading days prior to such effective date utilized in calculating the conversion price of the shares presented for conversion. In case of any other reclassification or change of outstanding shares of Common Stock, or in case of any consolidation or merger of PLDT with or into another corporation, the Board of Directors shall make such provisions, if any, for adjustment of the minimum conversion price and the sale price utilized in calculating the conversion price as the Board of Directors, in its sole discretion, shall deem appropriate. At PLDT’s option, the Series JJ and KK 10 % Cumulative Convertible Preferred Stock are redeemable at par value plus accrued dividends five years after the year of issuance. The Series IV Cumulative Non-Convertible Redeemable Preferred Stock earns cumulative dividends at an annual rate of 13.5 % based on the paid-up subscription price. It is redeemable at the option of PLDT at any time one year after subscription and at the actual amount paid for such stock, plus accrued dividends. The Non-Voting Serial Preferred Stocks are non-voting, except as specifically provided by law, and are preferred as to liquidation. All preferred stocks limit the ability of PLDT to pay cash dividends unless all dividends on such preferred stock for all past dividend payment periods have been paid and or declared and set apart and provision has been made for the currently payable dividends. Voting Preferred Stock On June 5, 2012, the Philippine SEC approved the amendments to the Seventh Article of PLDT’s Articles of Incorporation consisting of the sub-classification of its authorized Preferred Capital Stock into: 150 million shares of Voting Preferred Stock with a par value of Php 1.00 each, and 807.5 million shares of Non-Voting Serial Preferred Stock with a par value of Php 10.00 each, and other conforming amendments, or the Amendments. The shares of Voting Preferred Stock may be issued, owned, or transferred only to or by: (a) a citizen of the Philippines or a domestic partnership or association wholly-owned by citizens of the Philippines; (b) a corporation organized under the laws of the Philippines of which at least 60 % of the capital stock entitled to vote is owned and held by citizens of the Philippines and at least 60 % of the board of directors of such corporation are citizens of the Philippines; and (c) a trustee of funds for pension or other employee retirement or separation benefits, where the trustee qualifies under paragraphs (a) and (b) above and at least 60 % of the funds accrue to the benefit of citizens of the Philippines, or Qualified Owners. The holders of Voting Preferred Stock will have voting rights at any meeting of the stockholders of PLDT for the election of directors and for all other purposes, with one vote in respect of each share of Voting Preferred Stock. The Amendments were approved by the Board of Directors and stockholders of PLDT on July 5, 2011 and March 22, 2012, respectively. On October 12, 2012, the Board of Directors, pursuant to the authority granted to it in the Seventh Article of PLDT’s Articles of Incorporation, determined the following specific rights, terms and features of the Voting Preferred Stock: (a) entitled to receive cash dividends at the rate of 6.5 % per annum, payable before any dividends are paid to the holders of Common Stock; (b) in the event of dissolution or liquidation or winding up of PLDT, holders will be entitled to be paid in full, or pro-rata insofar as the assets of PLDT will permit, the par value of such shares of Voting Preferred Stock and any accrued or unpaid dividends thereon before any distribution shall be made to the holders of shares of Common Stock; (c) redeemable at the option of PLDT; (d) not convertible to Common Stock or to any shares of stock of PLDT of any class; (e) voting rights at any meeting of the stockholders of PLDT for the election of directors and all other matters to be voted upon by the stockholders in any such meetings, with one vote in respect of each Voting Preferred Share; and (f) holders will have no pre-emptive right to subscribe for or purchase any shares of stock of any class, securities or warrants issued, sold or disposed by PLDT. On October 16, 2012, BTFHI subscribed to 150 million newly issued shares of Voting Preferred Stock of PLDT, at a subscription price of Php 1.00 per share for a total subscription price of Php 150 million pursuant to a subscription agreement between BTFHI and PLDT dated October 15, 2012. As a result of the issuance of Voting Preferred Shares, the voting power of the NTT Group (NTT DOCOMO and NTT Communications), First Pacific Group and its Philippine affiliates, and JG Summit Group was reduced to 12 %, 15 % and 7 %, respectively, as at December 31, 2022. See Note 1 – Corporate Information . Redemption of Preferred Stock On September 23, 2011, the Board of Directors approved the redemption, or the Redemption, of all outstanding shares of PLDT’s Series A to FF 10 % Cumulative Convertible Preferred Stock, or the Series A to FF Shares, from holders of record as of October 10, 2011, and all such shares were redeemed and retired effective on January 19, 2012. In accordance with the terms and conditions of the Series A to FF Shares, the holders of Series A to FF Shares as at January 19, 2012 are entitled to payment of the redemption price in an amount equal to the par value of such shares, plus accrued and unpaid dividends thereon up to January 19, 2012, or the Redemption Price of Series A to FF Shares. PLDT set aside Php 4,029 million (the amount required to fund the redemption price for the Series A to FF Shares) in addition to Php 4,143 million for unclaimed dividends on Series A to FF Shares, or a total amount of Php 8,172 million, to fund the redemption of the Series A to FF Shares, or the Redemption Trust Fund, in a trust account, or the Trust Account, in the name of RCBC, as Trustee. Pursuant to the terms of the Trust Account, the Trustee will continue to hold the Redemption Trust Fund or any balance thereof, in trust, for the benefit of holders of Series A to FF Shares, for a period of ten years from January 19, 2012 until January 19, 2022. After the said date, any and all remaining balance in the Trust Account shall be returned to PLDT and revert to its general funds. Any interests on the Redemption Trust Fund shall accrue for the benefit of, and be paid from time to time, to PLDT. On May 8, 2012, the Board of Directors approved the redemption of all outstanding shares of PLDT’s Series GG 10 % Cumulative Convertible Preferred Stock, or the Series GG Shares, from the holders of record as of May 22, 2012, and all such shares were redeemed and retired effective August 30, 2012. In accordance with the terms and conditions of the Series GG Shares, the holders of the Series GG Shares as at May 22, 2012 are entitled to the payment of the redemption price in an amount equal to the par value of such shares, plus accrued and unpaid dividends thereon up to August 30, 2012, or the Redemption Price of Series GG Shares. PLDT set aside Php 236 thousand (the amount required to fund the redemption price for the Series GG Shares) in addition to Php 74 thousand for unclaimed dividends on Series GG Shares, or a total amount of Php 310 thousand, to fund the redemption price of the Series GG Shares, or the Redemption Trust Fund for Series GG Shares, which forms an integral part of the Redemption Trust Fund previously set aside in the Trust Account with RCBC, as Trustee. Pursuant to the terms of the Trust Account, the Trustee will continue to hold the Redemption Trust Fund for Series GG Shares or any balance thereof, in trust, for the benefit of holders of Series GG Shares, for a period of ten years from August 30, 2012, or until August 30, 2022. After the said date, any and all remaining balance in the Redemption Trust Fund for Series GG Shares shall be returned to PLDT and revert to its general funds. Any interests on the Redemption Trust Fund for Series GG Shares shall accrue for the benefit of, and be paid from time to time, to PLDT. On January 29, 2013, the Board of Directors approved the redemption of all outstanding shares of PLDT’s Series HH 10 % Cumulative Convertible Preferred Stock which were issued in 2007, or the Series HH Shares issued in 2007, from the holders of record as of February 14, 2013 and all such shares were redeemed and retired effective May 16, 2013. In accordance with the terms and conditions of the Series HH Shares issued in 2007, the holders of the Series HH Shares issued in 2007 as at February 14, 2013 are entitled to the payment of the redemption price in an amount equal to the par value of such shares, plus accrued and unpaid dividends thereon up to May 16, 2013, or the Redemption Price of Series HH Shares issued in 2007. PLDT set aside Php 24 thousand (the amount required to fund the redemption price for the Series HH Shares issued in 2007) in addition to Php 6 thousand for unclaimed dividends on Series HH Shares issued in 2007, or a total amount of Php 30 thousand, to fund the redemption price of the Series HH Shares issued in 2007, or the Redemption Trust Fund for Series HH Shares issued in 2007, which forms an integral part of the Redemption Trust Funds previously set aside in the Trust Account with RCBC, as Trustee. Pursuant to the terms of the Trust Account, the Trustee will continue to hold the Redemption Trust Fund for Series HH Shares issued in 2007 or any balance thereof, in trust, for the benefit of holders of Series HH Shares issued in 2007, for a period of ten years from May 16, 2013, or until May 16, 2023. After the said date, any and all remaining balance in the Redemption Trust Fund for Series HH Shares issued in 2007 shall be returned to PLDT and revert to its general funds. Any interests on the Redemption Trust Fund for Series HH Shares issued in 2007 shall accrue for the benefit of, and be paid from time to time, to PLDT. On January 28, 2014, the Board of Directors approved the redemption of all outstanding shares of PLDT’s Series HH 10 % Cumulative Convertible Preferred Stock which were issued in 2008, or the Series HH Shares issued in 2008, from the holders of record as of February 14, 2014 and all such shares were redeemed and retired effective May 16, 2014. In accordance with the terms and conditions of the Series HH Shares issued in 2008, the holders of the Series HH Shares issued in 2008 as at February 14, 2014 are entitled to the payment of the redemption price in an amount equal to the par value of such shares, plus accrued and unpaid dividends thereon up to May 16, 2014, or the Redemption Price of Series HH Shares issued in 2008. PLDT set aside Php 2 thousand (the amount required to fund the redemption price of Series HH Shares issued in 2008) in addition to Php 1 thousand for unclaimed dividends on Series HH Shares issued in 2008, or a total amount of Php 3 thousand, to fund the redemption of the Series HH Shares issued in 2008, or the Redemption Trust Fund for Series HH Shares issued in 2008, which forms an integral part of the Redemption Trust Funds previously set aside in the Trust Account with RCBC, as Trustee. Pursuant to the terms of the Trust Account, the Trustee will continue to hold the Redemption Trust Fund for Series HH Shares issued in 2008 or any balance thereof, in trust, for the benefit of holders of Series HH Shares issued in 2008, for a period of ten years from May 16, 2014, or until May 16, 2024. After the said date, any and all remaining balance in the Redemption Trust Fund for Series HH Shares issued in 2008 shall be returned to PLDT and revert to its general funds. Any interests on the Redemption Trust Fund for Series HH Shares issued in 2008 shall accrue for the benefit of, and be paid from time to time, to PLDT. On January 26, 2016, the Board of Directors approved the redemption of all outstanding shares of PLDT’s Series II 10 % Cumulative Convertible Preferred Stock, or the Series II Shares, from the holder of record as of February 10, 2016, and all such shares were redeemed and retired effective May 11, 2016. In accordance with the terms and conditions of the Series II Shares, the holder of the Series II Shares as at February 10, 2016 is entitled to the payment of the redemption price in an amount equal to the par value of such shares, plus accrued and unpaid dividends thereon up to May 11, 2016, or the Redemption Price of Series II Shares. PLDT set aside Php 4 thousand to fund the redemption price of Series II Shares, or the Redemption Trust Fund for Series II Shares, which forms an integral part of the Redemption Trust Funds previously set aside in the Trust Account with RCBC, as Trustee. Pursuant to the terms of the Trust Account, the Trustee will continue to hold the Redemption Trust Fund for Series II Shares or any balance thereof, in trust, for the benefit of holder of Series II Shares, for a period of ten years from May 11, 2016, or until May 11, 2026. After the said date, any and all remaining balance in the Redemption Trust Fund for Series II Shares shall be returned to PLDT and revert to its general funds. Any interests on the Redemption Trust Fund for Series II Shares shall accrue for the benefit of, and be paid from time to time, to PLDT. As at January 19, 2012, August 30, 2012, May 16, 2013, May 16, 2014 and May 11, 2016, notwithstanding that any stock certificate representing the Series A to FF Shares, Series GG Shares, Series HH Shares issued in 2007, Series HH Shares issued in 2008 and Series II Shares, respectively, were not surrendered for cancellation, the Series A to II Shares were no longer deemed outstanding and the right of the holders of such shares to receive dividends thereon ceased to accrue and all rights with respect to such shares ceased and terminated, except only the right to receive the Redemption Price of such shares, but without interest thereon. On January 28, 2020, the Board of Directors authorized and approved, the retirement of shares of PLDT’s Series JJ 10 % Cumulative Convertible Preferred Stock, or SIP Shares, effective May 12, 2020. The record date for the determination of the holders of outstanding SIP Shares available for redemption was February 11, 2020. On January 20, 2022, RCBC returned to PLDT the remaining unclaimed balance of the Trust Account for the Series A to FF, amounting to Php 7,839 million. PLDT’s obligations to pay the trust amounts for Series A to FF had also prescribed, resulting in the recognition of income in 2022 for the same amount as the unclaimed Trust Account that RCBC returned to PLDT. PLDT has withdrawn Php 3 million, Php 7 million and Php 2 million from the Trust Account, representing total payments on redemption for the years ended December 31, 2022, 2021 and 2020, respectively. The balance of the Trust Account of Php 367 thousand and Php 7,842 million, net of the eliminated Php 986 million perpetual notes issued by Smart to RCBC, were presented as part of “Current portion of other financial assets” as at December 31, 2022 and 2021, respectively, and the related redemption liability were presented as part of “Accrued expenses and other current liabilities” in our consolidated statements of financial position. See related disclosures below under Perpetual Notes and Note 28 – Financial Assets and Liabilities . Common Stock/Treasury Stock The Board of Directors approved a share buyback program of up to five million shares of PLDT’s common stock, representing approximately 3 % of PLDT’s then total outstanding shares of common stock in 2008. Under the share buyback program, PLDT reacquired shares on an opportunistic basis, directly from the open market through the trading facilities of the PSE and NYSE. As at November 2010, we had acquired a total of approximately 2.72 million shares of PLDT’s common stock at a weighted average price of Php 2,388 per share for a total consideration of Php 6,505 million in accordance with the share buyback program. There were no further buyback transactions subsequent to November 2010. Dividends Declared Our dividends declared for the years ended December 31, 2022, 2021 and 2020 are detailed as follows: December 31, 2022 Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Non-Convertible Series IV* January 25, 2022 February 21, 2022 March 15, 2022 — 12 May 5, 2022 May 20, 2022 June 15, 2022 — 13 August 4, 2022 August 19, 2022 September 15, 2022 — 12 November 3, 2022 November 18, 2022 December 15, 2022 — 12 49 Voting Preferred Stock March 3, 2022 March 23, 2022 April 15, 2022 — 2 June 14, 2022 June 30, 2022 July 15, 2022 — 2 August 24, 2022 September 15, 2022 October 15, 2022 — 3 December 15, 2022 December 29, 2022 January 15, 2023 — 3 10 Common Stock Regular Dividend March 3, 2022 March 17, 2022 April 4, 2022 42.00 9,075 August 4, 2022 August 18, 2022 September 5, 2022 47.00 10,155 Special Dividend August 4, 2022 August 18, 2022 September 5, 2022 28.00 6,049 25,279 Charged to retained earnings 25,338 * Dividends were declared based on total amount paid up. December 31, 2021 Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Non-Convertible Series IV* January 26, 2021 February 22, 2021 March 15, 2021 — 12 May 6, 2021 May 21, 2021 June 15, 2021 — 13 August 5, 2021 August 20, 2021 September 15, 2021 — 12 November 4, 2021 November 19, 2021 December 15, 2021 — 12 49 Voting Preferred Stock March 4, 2021 March 24, 2021 April 15, 2021 — 3 June 8, 2021 June 24, 2021 July 15, 2021 — 2 August 26, 2021 September 13, 2021 October 15, 2021 — 2 December 7, 2021 December 23, 2021 January 15, 2022 — 3 10 Common Stock Regular Dividend March 4, 2021 March 18, 2021 April 6, 2021 40.00 8,642 August 5, 2021 August 19, 2021 September 3, 2021 42.00 9,075 17,717 Charged to retained earnings 17,776 * Dividends were declared based on total amount paid up. December 31, 2020 Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Convertible Series JJ April 8, 2020 February 11, 2020 May 12, 2020 0.0027/day — Cumulative Non-Convertible Series IV* January 28, 2020 February 24, 2020 March 15, 2020 — 12 May 7, 2020 May 21, 2020 June 15, 2020 — 13 August 6, 2020 August 20, 2020 September 15, 2020 — 12 November 5, 2020 November 19, 2020 December 15, 2020 — 12 49 Voting Preferred Stock March 5, 2020 March 25, 2020 April 15, 2020 — 3 June 9, 2020 June 24, 2020 July 15, 2020 — 2 September 29, 2020 October 13, 2020 October 15, 2020 — 2 December 3, 2020 December 18, 2020 January 15, 2021 — 3 10 Common Stock Regular Dividend March 5, 2020 March 19, 2020 April 3, 2020 39.00 8,426 August 6, 2020 August 20, 2020 September 4, 2020 38.00 8,210 16,636 Charged to retained earnings 16,695 * Dividends were declared based on total amount paid up. Our dividends declared after December 31, 2022 are detailed as follows: Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Non-Convertible (*) Series IV January 31, 2023 February 27, 2023 March 15, 2023 — 12 Voting Preferred Stock March 2, 2023 March 17, 2023 April 15, 2023 — 2 Common Stock Regular Dividend March 23, 2023 April 11, 2023 April 21, 2023 45 9,722 Special Dividend March 23, 2023 April 11, 2023 April 21, 2023 14 3,025 12,747 Charged to retained earnings 12,761 * Dividends were declared based on total amount paid up. Noncontrolling Interests – Perpetual Notes Smart issued Php 2,610 million and Php 1,590 million perpetual notes on March 3, 2017 and March 6, 2017, respectively, under two Notes Facility Agreements dated March 1, 2017 and March 2, 2017, respectively. The transaction costs amounting to Php 35 million were accounted as a deduction from the perpetual notes. Smart paid distributions amounting to Php 236 million each as at December 31, 2022 and 2021. On July 18, 2017, Smart issued Php 1,100 million perpetual notes, to RCBC, Trustee of PLDT’s Redemption Trust Fund, under the Notes Facility Agreement dated July 18, 2017. The transaction costs amounting to Php 5 million were accounted as a deduction from the perpetual notes. Smart paid distributions amounting to Php 14 million and Php 57 million as at December 31, 2022 and 2021, respectively. On January 18, 2022, Smart redeemed the Php 1,100 million perpetual notes issued to RCBC at the relevant Redemption Price. This transaction was eliminated in our consolidated financial statements. On September 19, 2019, Smart issued Php 4,700 million perpetual notes to DMPI under the Notes Facility Agreement dated September 16, 2019. The transaction cost amounting to Php 35 million was accounted as a deduction from the perpetual notes. Smart paid distributions amounting to Php 258 million and Php 281 million as at December 31, 2022 and 2021, respectively. On September 19, 2022, Smart made a partial redemption amounting to Php 1,500 million at an optional redemption price of 101.2 % of the principal amount of the Perpetual Notes redeemed, which incurred a penalty fee of Php18 million. This transaction was eliminated in our consolidated financial statements. Proceeds from the issuance of these notes were used to finance capital expenditures. The notes have no fixed redemption dates. However, Smart may, at its sole option, redeem the notes. The notes are subordinated to and rank junior to all senior loans of Smart. In accordance with IAS 32, Financial Instruments: Presentation , the notes are classified as part of Smart’s equity and recorded as noncontrolling interests in PLDT’s consolidated financial statements. Retained Earnings Available for Dividend Declaration The following table shows the reconciliation of our consolidated retained earnings available for dividend declaration as at December 31, 2022: (in million pesos) Parent Company's unappropriated retained earnings available for dividends at beginning of the year 37,249 Adjustments: Unrealized gains in prior years: Fair value adjustments of investment property resulting to gain ( 1,172 ) Unrealized foreign exchange gains – net (except those attributable to cash and cash equivalents) ( 2,362 ) Fair value adjustments (mark-to-market gains) ( 4,211 ) Parent Company's unappropriated retained earnings available for dividends as at January 1, 2021 29,504 Add: Net income actually earned/realized during the year Parent Company’s net income for the year 13,565 Less: Non-actual/unrealized income - net of tax Fair value adjustment of investment property resulting to gain ( 95 ) Fair value adjustments (mark-to-market gains) ( 1,473 ) 11,997 Less: Cash dividends declared during the year Preferred stock ( 59 ) Common stock ( 25,279 ) ( 25,338 ) Parent Company's unappropriated retained earnings available for dividends as at December 31, 2022 16,163 As at December 31, 2022, our consolidated unappropriated retained earnings amounted to Php 18,799 million while the Parent Company’s unappropriated retained earnings amounted to Php 25,009 million. The difference of Php 6,210 million pertains to the effect of IAS 27, Separate Financial Statements, in our investments in subsidiaries, associates and joint ventures accounted for under equity method. As at December 31, 2021, our consolidated unappropriated retained earnings amounted to Php 34,243 million while the Parent Company’s unappropriated retained earnings amounted to Php 37,249 million. The difference of Php 3,006 million pertains to the effect of IAS 27 in our investments in subsidiaries, associates and joint ventures accounted for under equity method.

Interest-bearing Financial Liab

Interest-bearing Financial Liabilities	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about borrowings [abstract]
Interest-bearing Financial Liabilities	21. Interest-bearing Financial Liabilities As at December 31, 2022 and 2021, this account consists of the following: 2022 2021 (in million pesos) Long-term portion of interest-bearing financial liabilities: Long-term debt (Notes 28 and 29) 217,288 241,075 Current portion of interest-bearing financial liabilities: Long-term and short-term debt maturing within one year (Notes 28 and 29) 32,292 11,482 249,580 252,557 Unamortized debt discount, representing debt premium, debt issuance costs and any difference between the fair value of consideration given or received at initial recognition, included in our financial liabilities amounted to Php 2,279 million and Php 2,857 million as at December 31, 2022 and 2021, respectively. See Note 28 – Financial Assets and Liabilities . The following table describes all changes to unamortized debt discount for the years ended December 31, 2022 and 2021: 2022 2021 (in million pesos) Unamortized debt discount at beginning of the year 2,857 1,262 Revaluations during the year 20 13 Additions during the year ( 243 ) 1,768 Accretion during the year included as part of financing costs – net (Note 5) ( 355 ) ( 186 ) Unamortized debt discount at end of the year 2,279 2,857 Long-term Debt As at December 31, 2022 and 2021, long-term debt consists of: 2022 2021 Description Interest Rates U.S. Php U.S. Php (in millions) U.S. Dollar Debts: Fixed Rate Notes 2.5000 % to 3.4500 % in 2022 and 2021 589 32,892 588 29,971 Term Loans: Others 2.8850 % and US$ LIBOR + 0.7900 % 1.0500 % in 2022 and 2021 161 9,002 205 10,468 750 41,894 793 40,439 Philippine Peso Debts: Fixed Rate Retail Bonds 5.2813 % in 2022 and 5.2250 % to 5.2813 % 2,596 2,594 Term Loans: Unsecured Term Loans 3.9000 % to 5.566 %; PHP BVAL + 0.5000 % to 0.9000 % (floor rate 3.9000 % 4.6250 %) and TDF + 0.2500 % in 2022 3.9000 % to 6.7339 %; PHP BVAL + 0.5000 % to 0.9000 % (floor rate 3.9000 % 4.5000 %) and TDF 0.2500 % in 2021 195,090 209,524 197,686 212,118 Total long-term debt (Notes 28 and 29) 239,580 252,557 Less portion maturing within one year (Note 28) 22,292 11,482 Noncurrent portion of long-term debt (Note 28) 217,288 241,075 The scheduled maturities of our consolidated outstanding long-term and short-term debt at nominal values as at December 31, 2022 are as follows: U.S. Dollar Debt Php Debt Total Year U.S. Dollar Php Php Php (in millions) 2023 39 2,177 30,468 32,645 2024 39 2,177 9,465 11,642 2025 14 781 22,020 22,801 2026 14 781 14,205 14,986 2027 14 782 25,825 26,607 2028 and onwards 642 35,833 107,345 143,178 Total long-term debt (Note 28) 762 42,531 209,328 251,859 Outstanding Amounts Repurchase Amount 2022 2021 Loan Amount Issuance Date Trustee Terms Php Dates Paid in U.S. Php U.S. Php (in millions) (in millions) Fixed Rate Notes (1) PLDT US$ 300 M June 23, 2020 The Bank of New Non-amortizing, payable in full upon maturity on January 23, 2031 — — — 295 (*) 16,490 (*) 295 (*) 15,017 (*) PLDT US$ 300 M June 23, 2020 The Bank of New Non-amortizing, payable in full upon maturity on June 23, 2050 — — — 294 (*) 16,402 (*) 293 (*) 14,954 (*) 589 32,892 588 29,971 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The purpose of this loan is to refinance the debt maturing in 2021, prepay outstanding loans and partially finance capital expenditures. Drawn Cancelled Undrawn Outstanding Amounts Amount Amount 2022 2021 Loan Amount Date of Loan Lender(s) Terms Dates Drawn U.S. Dollar Paid in U.S. Php U.S. Php (in millions) (in millions) U.S. Dollar Debts Other Term Loans (1) PLDT US$ 200 M 150 M; 50 M February 26, 2015 MUFG Bank, Commencing 36 months after loan date, with semi-annual Various dates 200 — February 24, — — 15 (*) 764 (*) Smart US$ 100 M December 7, 2015 Mizuho Bank 13 equal semi-annual installments commencing on Various dates 100 — December 7, 2022 — (*) — (*) 15 (*) 781 (*) PLDT US$ 25 M March 22, 2016 NTT TC Leasing Non-amortizing, payable upon maturity on March 30, 2023 March 30, 2016 25 — — 25 (*) 1,395 (*) 25 (*) 1,272 (*) PLDT US$ 25 M January 31, 2017 NTT TC Leasing Non-amortizing, payable upon maturity on March 27, 2024 March 30, 2017 25 — — 25 (*) 1,393 (*) 25 (*) 1,271 (*) Smart US$ 140 M March 4, 2020 PNB Quarterly amortization rates equivalent to: (a) 2.5% of the December 14, 140 — — 111 (*) 6,214 (*) 125 (*) 6,380 (*) 161 9,002 205 10,468 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The purpose of this loan is to finance the capital expenditures and/or to refinance existing loan obligations which were utilized for network expansion and improvement programs. Date of Payments Outstanding Amounts Issuance/ Amount 2022 2021 Loan Amount Agreement Paying Agent Terms Drawdown Php Date Php Php (in millions) (in millions) Fixed Rate Retail Bonds (1) PLDT Php 15,000 M January 22, 2014 Philippine Depositary Php12.4B – non-amortizing, payable in full upon maturity on February 6, 2014 12,400 February 8, 2021 2,596 (*) 2,594 (*) (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The purpose of this loan is to finance the capital expenditures and/or refinance existing loan obligations which were utilized for network expansion and improvement programs. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Term Loans Unsecured Term Loans (1) PLDT Php 2,000 M March 20, RCBC Annual amortization rate of 1% on the fifth-year up to the April 12, 2,000 — January 12, 2022 — 1,900 PLDT Php 1,500 M April 2, 2014 AIA Life Payable in full upon maturity on April 4, 2024 April 4, 2014 1,500 — January 31, — 1,500 PLDT Php 1,000 M May 23, 2014 AIA Life Payable in full upon maturity on May 28, 2024 May 28, 2014 1,000 — February 28, 2022 — 1,000 PLDT Php 1,000 M June 9, 2014 LBP Annual amortization rate of 1% on the first-year up to the June 13, 2014 1,000 — June 13, — 930 PLDT Php 1,500 M July 28, 2014 Union Bank Annual amortization rate of 1% on the first-year up to the July 31, 2014 1,500 — — 1,380 1,395 PLDT Php 2,000 M February 25, BPI Annual amortization rate of 1% on the first-year up to the March 24, 2015 2,000 — — 1,811 (*) 1,810 PLDT Php 3,000 M June 26, 2015 BPI Annual amortization rate of 1% on the first-year up to the June 30, 2015 3,000 — — 2,790 2,820 PLDT Php 5,000 M August 3, 2015 Metrobank Annual amortization rate of 1% on the first-year up to the Various dates in 5,000 — — 4,650 4,700 10,631 16,055 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The purpose of this loan is to finance the capital expenditures and/or refinance existing loan obligations, which were utilized for service improvements and expansion programs. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php 5,000 M August 11, 2015 Metrobank Annual amortization rate of 1% of the principal amount on September 1, 2015 5,000 — — 4,642 (*) 4,690 (*) Smart Php 5,000 M December 11, 2015 BPI Annual amortization rate of 1% of the principal amount on December 21, 2015 5,000 — — 4,642 (*) 4,689 (*) Smart Php 5,000 M December 16, 2015 Metrobank Annual amortization rate of 1% of the principal amount up December 28, 2015 5,000 — — 4,641 (*) 4,688 (*) Smart Php 7,000 M December 18, 2015 China Banking Corporation, Annual amortization rate of 1% of the principal amount on December 28, 7,000 — June 28, — (*) 4,199 (*) PLDT Php 3,000 M July 1, 2016 Metrobank Annual amortization rate of 1% on the first-year up to the February 20, 3,000 — — 2,843 (*) 2,872 (*) PLDT Php 6,000 M July 1, 2016 Metrobank Annual amortization rate of 1% on the first-year up to the August 30, 2016 6,000 — — 5,637 (*) 5,692 (*) 22,405 26,830 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php 8,000 M July 14, 2016 Security Bank Annual amortization rate of 1% of the total amount drawn payable semi-annually starting from the end of the first-year after the initial drawdown date until the ninth-year and the balance payable on maturity on March 1, 2027 February 27, 8,000 — — 7,182 (*) 7,338 (*) PLDT Php 6,500 M September 20, 2016 BPI Annual amortization rate of 1% on the first- year up to November 2, 6,500 — — 6,105 (*) 6,165 (*) Smart Php 3,000 M September 28, 2016 BDO Annual amortization rate of 1% of the principal October 5, 2016 3,000 — — 2,820 2,850 Smart Php 5,400 M September 28, 2016 Union Bank Annual amortization rate of 1% of the principal amount October 24, 5,400 — — 5,074 (*) 5,126 (*) PLDT Php 5,300 M (1) October 14, 2016 BPI Annual amortization rate of 1% on the first-year up to the December 19, 2016 5,300 — — 981 (*) 5,027 (*) Smart Php 2,500 M (2) October 27, 2016 CBC Annual amortization rate of 10% of the amount drawn December 8, 2016 2,500 — December 9, 2022 — 1,750 22,162 28,256 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The amounts of Php1,500 million and Php2,500 million were prepaid on September 19, 2022 and December 19, 2022, respectively. (2) The outstanding balance amounting to Php1,750 million was prepaid on December 9, 2022. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php 4,000 M (1) October 28, Security Bank Semi-annual amortization rate of 1% of the total amount April 5, 2017 4,000 — — 1,881 (*) 1,899 (*) Smart Php 1,000 M December 16, PNB Annual amortization rate of 1% of the amount drawn December 7, 2017 1,000 — — 920 (*) 925 (*) Smart Php 2,000 M December 22, LBP Annual amortization rate of 1% of the amount drawn January 22, 2018 2,000 — — 1,878 (*) 1,940 PLDT Php 3,500 M December 23, LBP Annual amortization rate of 1% on the first-year up to April 5, 2017 3,500 — — 3,317 (*) 3,350 (*) Smart Php 1,500 M April 18, PNB Annual amortization rate of 1% of the amount drawn January 3, 2018 1,500 — — 1,418 (*) 1,455 PLDT Php 2,000 M May 24, 2017 Security Bank Semi-annual amortization rate of Php10 million starting on October 5, 2017 and every six months thereafter with the May 29, 2017 2,000 — — 1,890 1,910 11,304 11,479 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The amount of Php2,000 million was prepaid on May 29, 2017. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php 3,500 M July 5, 2017 LBP Annual amortization rate of 1% on the first- year up to July 10, 2017 3,500 — — 3,325 3,360 PLDT Php 1,500 M August 29, 2017 LBP Annual amortization rate equivalent to 1% of the total April 2, 2018 1,500 — — 1,443 (*) 1,458 (*) Smart Php 1,000 M September 28, 2017 Union Bank Annual amortization rate of 1% of the amount drawn February 19, 2018 1,000 — December 10, — — PLDT Php 2,000 M April 19, 2018 LBP Annual amortization rate equivalent to 1% of the total April 25, 2018 2,000 — — 1,770 (*) 1,767 (*) PLDT Php 1,000 M April 20, 2018 LBP Annual amortization rate equivalent to 1% of the total May 3, 2018 1,000 — — 879 (*) 878 (*) PLDT Php 2,000 M May 9, 2018 BPI Annual amortization rate equivalent to 1% of the May 10, 2018 2,000 — — 1,773 (*) 1,773 (*) 9,190 9,236 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php 2,000 M May 25, 2018 BPI Annual amortization rate equivalent to 1% of the amount May 28, 2018 2,000 — — 1,916 (*) 1,933 (*) Smart Php 1,500 M June 27, 2018 Development Annual amortization rate equivalent to 1% of the June 28, 2018 1,500 — September 28, — 1,485 Smart Php 3,000 M July 31, 2018 BPI Annual amortization rate equivalent to 1% of the August 10, 2018 3,000 — — 2,867 (*) 2,894 (*) Smart Php 5,000 M January 11, 2019 DBP Annual amortization rate equivalent to 1% of the May 6, 2019 September 2, 2019 2,000 3,000 — — 4,830 (*) 4,865 (*) PLDT Php 8,000 M February 18, 2019 Union Bank Annual amortization rate equivalent to 1% of the July 11, 2019 September 6, October 1, November 5, 3,000 2,000 1,000 2,000 — — 8,053 (*) 7,822 (*) Smart Php 4,000 M February 21, 2019 PNB Annual amortization rate equivalent to 1% of the March 11, 2019 4,000 — — 3,704 (*) 3,708 (*) 21,370 22,707 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php 2,000 M April 11, 2019 Bank of China (Hong Kong) Limited, Manila Branch Annual amortization rate equivalent to 1% of the September 6, 2019 2,000 — — 1,931 (*) 1,949 (*) PLDT Php 2,000 M July 1, 2019 PNB Annual amortization rate equivalent to 1% of the total amount September 6, 2019 2,000 — — 1,931 (*) 1,949 (*) Smart Php 8,000 M September 25, 2019 CBC Annual amortization rate equivalent to 10% of the October 2, 2019 8,000 — — 6,901 (*) 7,635 (*) Smart Php 4,000 M December 9, 2019 DBP Annual amortization rate equivalent to 1% of the total December 12, 2019 4,000 — — 3,938 (*) 3,975 (*) PLDT Php 4,500 M December 12, 2019 BPI Annual amortization rate equivalent to 1% of the December 15, 2019 4,500 — — 4,340 (*) 4,382 (*) Smart Php 3,000 M January 20, 2020 BDO Annual amortization rate equivalent to 1% of the total January 24, 2020 3,000 — — 2,871 (*) 2,893 (*) 21,912 22,783 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php 5,000 M January 29, 2020 BDO Annual amortization rate equivalent to 1% of the total January 31, 2020 5,000 — — 4,814 (*) 4,854 (*) PLDT Php 4,000 M March 24, 2020 RCBC Annual amortization rate equivalent to 1% of the March 26, 2020 4,000 — — 3,800 (*) 3,827 (*) PLDT Php 2,500 M March 30, 2020 MUFG Bank, Ltd. Amortization rate equivalent to: (1) 20% of the th , 48 th , 54 th and 72 nd month from the drawdown date; (2) 0.50% of the th , 42 nd , 60 th and 66 th month from the drawdown date; and (3) 18% of the April 2, 2020 2,500 — — 1,992 (*) 2,488 (*) PLDT Php 3,000 M May 20, 2020 LBP Annual amortization rate equivalent to 1% of the May 28, 2020 3,000 — — 2,923 (*) 2,951 (*) Smart Php 4,000 M May 20, 2020 LBP Annual amortization rate equivalent to 1% of principal November 20, 2020 4,000 — — 3,895 (*) 3,933 PLDT Php 3,000 M May 21, 2020 LBP Annual amortization rate equivalent to 1% of the December 18, 2020 3,000 — — 2,921 (*) 2,949 (*) 20,345 21,002 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php 5,000 M February 9, 2021 BPI Annual amortization rate equivalent to 1% of the February 15, 2021 5,000 — — 4,918 (*) 4,965 (*) Smart Php 3,000 M March 4, 2021 LBP Annual amortization rate equivalent to 1% of the March 9, 2021 3,000 — — 2,951 (*) 2,979 (*) Smart Php 3,000 M March 5, 2021 LBP Annual amortization rate equivalent to 1% of the May 25, 2021 3,000 — — 2,951 (*) 2,979 (*) Smart Php 4,000 M March 8, 2021 LBP Annual amortization rate equivalent to 1% of the March 30, 2021 4,000 — — 3,935 (*) 3,972 (*) PLDT Php 3,000 M March 31, 2021 BPI Annual amortization rate equivalent to 1% of the April 14, 2021 3,000 — — 2,950 (*) 2,979 (*) PLDT Php 2,000 M March 31, 2021 BPI Annual amortization rate equivalent to 1% of the April 29, 2021 2,000 — — 1,980 2,000 19,685 19,874 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php 4,000 M April 14, 2021 Metrobank Annual amortization rate equivalent to 1% of the June 8, 2021 4,000 — — 3,974 (*) 3,971 (*) Smart Php 3,000 M April 15, 2021 Metrobank Annual amortization rate equivalent to 1% of the September 1, 2021 3,000 — — 2,980 (*) 2,978 (*) PLDT Php 3,000 M April 30, 2021 Metrobank Annual amortization rate equivalent to 1% of the June 21, 2021 3,000 — — 2,980 (*) 2,978 (*) PLDT Php 3,000 M June 14, 2021 RCBC Annual amortization rate equivalent to 1% of the July 15, 2021 3,000 — — 2,951 (*) 2,978 (*) PLDT Php 4,000 M June 14, 2021 RCBC Annual amortization rate equivalent to 1% of the September 1, 2021 4,000 — — 3,934 (*) 3,971 (*) Smart Php 1,000 M September 28, BDO Annual amortization rate equivalent to 1% of the October 15, 2021 1,000 — — 990 1,000 17,809 17,876 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php 3,000 M November 17, 2021 BDO Annual amortization rate equivalent to 1% of the November 22, 2021 3,000 — — 2,951 (*) 2,978 (*) PLDT Php 1,000 M November 24, 2021 BPI Annual amortization rate equivalent to 1% of the December 1, 2021 1,000 — — 990 1,000 PLDT Php 3,000 M November 24, 2021 BPI Annual amortization rate equivalent to 1% of the December 17, 2021 3,000 — — 2,949 (*) 2,978 (*) PLDT Php 4,000 M November 24, 2021 BPI Annual amortization rate equivalent to 1% of the December 17, 2021 4,000 — — 3,932 (*) 3,970 (*) PLDT Php 2,500 M December 10, 2021 LBP Annual amortization rate equivalent to 1% of the December 17, 2021 2,500 — — 2,475 2,500 Smart Php 3,000 M December 14, 2021 DBP Annual amortization rate equivalent to 1% of the January 20, 2022 3,000 — — 2,980 (*) — Smart Php 2,000 M December 14, 2021 DBP Annual amortization rate equivalent to 1% of the January 20, 2022 2,000 — — 2,000 — PLDT Php 10,000 M January 31, 2023 BPI Annual amortization rate equivalent to 1% of the — — — — — — PLDT Php 5,500 M February 27, 2023 LBP Annual amortization rate equivalent to 1% of the — — — — — — ePLDT Php 8,000 M March 10, 2023 BPI Semi-annual amortizations equivalent to 1% of the advance — — — — — — PLDT Php 2,000 M March 22, 2023 BPI Annual amortization rate equivalent to 1% of the advance — — — — — — 18,277 13,426 195,090 209,524 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Short-term Debt In March and April 2020, PLDT and Smart availed unsecured short-term debt from various banks amounting to Php 6,000 million and Php 4,000 million, respectively, with an interest rate ranging from 5.00 % to 5.75 %. In May 2020, PLDT and Smart prepaid their outstanding short-term debt amounting to Php 3,000 million and Php 4,000 million, respectively. PLDT prepaid its remaining short-term debt in the aggregate amount of Php 3,000 million in June 2020. In March and April 2022, PLDT and Smart availed unsecured short-term debt from various banks amounting to Php 6,000 million and Php 4,000 million, respectively, with an interest rate of 2.60 %. In July 2022, PLDT prepaid its outstanding short-term debt amounting to Php 2,000 million. In October 2022, Smart paid its outstanding short-term debt amounting to Php 4,000 million. In November 2022, PLDT and Smart availed unsecured short-term debt amounting to Php 4,000 million and Php 2,000 million, respectively, with an interest rate of 5.16 %. As at December 31, 2022, PLDT and Smart have an outstanding short-term debt amounting to Php 10,000 million. In March 2023, PLDT paid its outstanding short-term debt amounting to Php 3,000 million. U.S. Dollar Fixed Rate Notes On June 23, 2020, PLDT issued US$ 300 million 10-year and US$ 300 million 30-year senior unsecured fixed-rate notes with coupon of 2.50 % and 3.45 %, respectively. Proceeds from the issuance of these notes have been used to refinance maturing debt obligations, prepay outstanding loans and partially finance capital expenditures. The 2031 Notes will mature on January 23, 2031 and the 2050 Notes will mature on June 23, 2050 . Compliance with Debt Covenants PLDT’s debt instruments contain restrictive covenants, including covenants that require us to comply with specified financial ratios tests, such as total debt to EBITDA and interest cover ratio, at relevant measurement dates, principally at the end of each quarterly period. We have complied with all of our maintenance financial ratios as required under our loan covenants and other debt instruments. The principal factors that could negatively affect our ability to comply with these financial ratio covenants and other financial tests are poor operating performance of PLDT and its subsidiaries, depreciation of the Philippine Peso relative to the U.S. Dollar, impairment or similar charges in respect of investments or other long-lived assets that may be recognized by PLDT and its subsidiaries, and increases in our interest expense. Interest expense may increase as a result of various factors including issuance of new debt, the refinancing of lower cost indebtedness by higher cost indebtedness, depreciation of the Philippine Peso relative to the U.S. Dollar, the lowering of PLDT’s credit ratings or the credit ratings of the Philippines, increase in reference interest rates, and general market conditions. Of our total consolidated debts (net of consolidated debt discount), approximately 17 % and 16 % were denominated in U.S. Dollars as at December 31, 2022 and 2021, respectively. Considering our consolidated outstanding hedges, the unhedged portion of the PLDT’s net debt amounts was approximately 7 % (or 5 %, net of our consolidated U.S. Dollar cash balances allocated for debt) as at December 31, 2022 and 8 % (or 5 %, net of our consolidated U.S. Dollar cash balances allocated for debt) as at December 31, 2021. Therefore, the financial ratio and other tests are expected to be negatively affected by any weakening of the Philippine Peso relative to the U.S. Dollar. See Note 28 – Financial Assets and Liabilities – Foreign Currency Exchange Risk . PLDT’s debt instruments contain a number of other negative covenants that, subject to certain exceptions and qualifications, restrict PLDT’s ability to take certain actions without lenders’ approval, including: (a) making or permitting any material change in the character of its business; (b) selling, leasing, transferring or disposing of all or substantially all of its assets or any significant portion thereof other than in the ordinary course of business; (c) creating any lien or security interest; (d) permitting set-off against amounts owed to PLDT; (e) merging or consolidating with any other company; and (f) making or permitting any preference or priority in respect of any other relevant indebtedness of PLDT. PLDT’s debt instruments also contain customary and other default provisions that permit the lender to accelerate amounts due or terminate their commitments to extend additional funds under the debt instruments. These default provisions include: (a) cross-defaults that will be triggered only if the principal amount of the defaulted indebtedness exceeds a threshold amount specified in these debt instruments; (b) failure by PLDT to meet certain financial ratio covenants referred to above; (c) the occurrence of any material adverse change in circumstances that a lender reasonably believes materially impairs PLDT’s ability to perform its obligations under its debt instrument with the lender; (d) the revocation, termination or amendment of any of the permits or franchises of PLDT in any manner unacceptable to the lender; (e) the nationalization or sustained discontinuance of all or a substantial portion of PLDT’s business; and (f) other typical events of default, including the commencement of bankruptcy, insolvency, liquidation or winding up proceedings by PLDT. Smart’s debt instruments contain certain restrictive covenants that require Smart to comply with specified financial ratios and other financial tests at semi-annual measurement dates. Smart’s loan agreements include compliance with financial tests such as Smart’s consolidated debt to consolidated EBITDA and interest coverage ratio. The agreements also contain customary and other default provisions that permit the lender to accelerate amounts due under the loans or terminate their commitments to extend additional funds under the loans. These default provisions include: (a) cross-defaults and cross-accelerations that permit a lender to declare a default if Smart is in default under another loan agreement. These cross-default provisions are triggered upon a payment or other default permitting the acceleration of Smart debt, whether or not the defaulted debt is accelerated; (b) failure by Smart to comply with certain financial ratio covenants; and (c) the occurrence of any material adverse change in circumstances that the lender reasonably believes materially impairs Smart’s ability to perform its obligations or impair the guarantors’ ability to perform their obligations under its loan agreements. The loan agreements with banks (foreign and local alike) and other financial institutions provide for certain restrictions and requirements with respect to, among others, maintenance of percentage of ownership of specific shareholders, incurrence of additional long-term indebtedness or guarantees and creation of property encumbrances. As at December 31, 2022 and 2021, we were in compliance with all of our debt covenants. See Note 28 – Financial Assets and Liabilities – Derivative Financial Instruments.

Deferred Credits and Other Nonc

Deferred Credits and Other Noncurrent Liabilities	12 Months Ended
	Dec. 31, 2022
Deferred Credits And Other Noncurrent Liabilities [Abstract]
Deferred Credits and Other Noncurrent Liabilities	22. Deferred Credits and Other Noncurrent Liabilities As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Contract liabilities and unearned revenues (Note 5) 7,615 3,558 Provision for asset retirement obligations 1,514 2,121 Accrual of capital expenditures under long-term financing 316 300 Others 56 105 9,501 6,084 The following table summarizes the changes to provision for asset retirement obligations for the years ended December 31, 2022 and 2021: 2022 2021 (in million pesos) Provision for asset retirement obligations at beginning of the year 2,121 2,000 Revaluation due to change in IBR 442 ( 102 ) Capitalized to ROU assets during the year 65 239 Accretion expenses 54 65 Settlement of obligations and others ( 1 ) ( 19 ) Reclassification to liabilities associated with assets classified as held-for-sale ( 232 ) — Change in assumptions ( 935 ) ( 62 ) Provision for asset retirement obligations at end of the year 1,514 2,121 Accrual of capital expenditures under long-term financing represents expenditures related to the expansion and upgrade of our network facilities which are not due to be settled within one year. Such accruals are settled through refinancing from long-term loans obtained from the banks. See Note 21 – Interest-bearing Financial Liabilities .

Accounts Payable

Accounts Payable	12 Months Ended
	Dec. 31, 2022
Subclassifications of assets, liabilities and equities [abstract]
Accounts Payable	23. Accounts Payable As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Suppliers and contractors (Note 28) 80,725 85,903 Taxes (Note 27) 4,052 1,741 Carriers and other customers (Note 28) 1,745 1,469 Related parties (Notes 25 and 28) 270 200 Others 18,395 10,405 105,187 99,718 Accounts payable are noninterest-bearing and are normally settled within 180 days. In 2021, two of our major suppliers entered into Trade Financing Arrangements, or TFA, to sell a portion of their Philippine Peso receivables from the Parent Company amounting to Php 7,559 million and from Smart amounting to Php 1,834 million. Under the terms of the TFA, the Purchaser will have exclusive ownership of the purchased receivables and all of its rights, title and interest. In 2022, four of our major suppliers entered into new TFAs to sell a portion of their Philippine Peso receivables from the Parent Company amounting to Php 7,049 million and from Smart amounting to Php 10,882 million. The balance of the amount reclassified from “Accounts Payable – Suppliers and contractors” to “Accounts Payable – Others” amounted to Php 17,931 million and Php 9,393 million as at December 31, 2022 and 2021, respectively. There were no changes in the payment terms. For terms and conditions pertaining to the payables to related parties, see Note 25 – Related Party Transactions . For detailed discussion on the PLDT Group’s liquidity risk management processes, see Note 28 – Financial Assets and Liabilities – Liquidity Risk .

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Dec. 31, 2022
Subclassifications of assets, liabilities and equities [abstract]
Accrued Expenses and Other Current Liabilities	24. Accrued Expenses and Other Current Liabilities As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Accrued utilities and related expenses (Notes 25 and 28) 63,731 63,105 Contract liabilities and unearned revenues (Note 5) 9,499 10,063 Accrued taxes and related expenses (Note 27) 9,445 11,464 Accrued employee benefits and other provisions (Note 28) 6,615 9,087 Accrued interests and other related costs (Note 29) 1,868 1,783 Liability from redemption of preferred shares (Notes 20 and 28) — 7,842 Others 2,387 2,769 93,545 106,113 Accrued utilities and related expenses pertain to costs incurred for electricity and water consumption, repairs and maintenance, selling and promotions, professional and other contracted services, rent, insurance and security services and other operational related expenses pending receipt of billings and statement of accounts from suppliers. These liabilities are noninterest-bearing and are normally settled within a year. Accrued taxes and related expenses pertain to licenses, permits and other related business taxes, which are normally settled within a year. Contract liabilities and unearned revenues represent advance payments for leased lines, installation fees, monthly service fees and unused and/or unexpired portion of prepaid loads. Accrued interests and other related costs are noninterest-bearing and are normally settled within a year. This pertains to other costs incurred for operations-related expenses pending receipt of invoice and statement of accounts from suppliers. Other accrued expenses and other current liabilities are noninterest-bearing and are normally settled within a year. This pertains to other costs incurred for operations-related expenses pending receipt of invoice and statement of accounts from suppliers.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Disclosure of transactions between related parties [abstract]
Related Party Transactions	25. Related Par ty Transactions Parties are considered to be related if one party has the ability, directly and indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control. Related parties may be individuals or corporate entities. Transactions with related parties are on an arm’s length basis, similar to transactions with third parties. Settlement of outstanding balances of related party transactions at year-end are expected to be settled with cash. The following table provides the summary of outstanding balances as at December 31, 2022 and 2021, and transactions for the years ended December 31, 2022, 2021 and 2020 that have been entered into with related parties: Statement of Financial Income Statement Company Name Particulars Terms Conditions Position Classification 2022 2021 Classification 2022 2021 2020 (in million pesos) (in million pesos) Indirect investment in joint ventures through PCEV: Manila Electric Company, or Meralco Electricity services to PLDT and certain subsidiaries’ offices within Meralco's franchise area Immediately upon receipt of invoice Unsecured Accounts payable and accrued expenses and other current liabilities 527 186 Repairs and maintenance 3,219 2,519 2,231 Pole attachment contracts, wherein Meralco leases its pole spaces to accommodate PLDT and Smart’s cable network facilities 45 days upon receipt of billings Unsecured Accrued expenses and other current liabilities (Note 24) — — Rent 40 40 38 Upon depreciation or expiration of lease Unsecured ROU assets 2,775 2,433 Depreciation and amortization 665 486 473 2022 – due after December 31, 2023; Unsecured Lease liabilities - net of current portion (Note 10) 727 1,118 2022– due on or before December 31, 2023; Unsecured Current portion of lease liabilities 642 487 Meralco Industrial Engineering Services Corporation, or MIESCOR Customer line installation, repair, rehabilitation and maintenance activities 30 days upon receipt of invoice Unsecured Accrued expenses and other current liabilities (Note 24) 5 1 Statement of Financial Income Statement Company Name Particulars Terms Conditions Position Classification 2022 2021 Classification 2022 2021 2020 (in million pesos) (in million pesos) Transactions with major stockholders, directors and officers: NTT TC Leasing PLDT signed a US$ 25 million term loan facility agreement on March 22, 2016 Non-amortizing, payable upon maturity on March 30, 2023 Unsecured Interest-bearing financial liabilities (Note 21) 1,396 1,272 Financing costs – net 46 17 29 PLDT signed a US$ 25 million term loan facility agreement on January 31, 2017 Non-amortizing, payable upon maturity on March 27, 2024 Unsecured Interest-bearing financial liabilities (Note 21) 1,395 1,271 Financing costs – net 46 18 30 NTT World Engineering Marine Corporation On February 1, 2008, PLDT entered into a service agreement, wherein NTT World Engineering Marine Corporation provides offshore submarine cable repair and other allied services for the maintenance of PLDT’s domestic fiber optic network submerged plant. 1st month of each quarter; noninterest-bearing Unsecured Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24) 318 240 Repairs and maintenance 80 97 139 NTT Communications On March 24, 2000, PLDT entered into an advisory service agreement (as amended on March 31, 2003, March 31, 2005 and June 16, 2006), under which NTT Communications provides PLDT with technical, marketing and other consulting services for various business areas of PLDT starting April 1, 2000. 30 days upon receipt of invoice; noninterest-bearing Unsecured Accrued expenses and other current liabilities (Note 24) 18 12 Professional and other contracted services 87 68 81 On March 24, 2000, PLDT entered into an agreement with NTT Communications under which PLDT and NTT Communications agreed to cooperative arrangements for conventional international telecommunications services to enhance their respective international businesses. 30 days upon receipt of invoice; noninterest-bearing Unsecured Accounts payable 3 3 NTT Worldwide Telecommunications Corporation On March 24, 2000, PLDT entered into an agreement under which PLDT markets, and manages data and other services under NTT Communications’ “Arcstar” brand to its corporate customers in the Philippines. PLDT also entered into a Trade Name and Trademark Agreement with NTT Communications under which PLDT has been given the right to use the trade name “Arcstar” and its related trademark, logo 30 days upon receipt of invoice; noninterest-bearing Unsecured Accounts payable 6 4 Selling and promotions 2 2 3 and symbols, solely for the purpose of PLDT’s marketing, promotional and sales activities for the Arcstar services within the Philippines. (1) Effective July 1, 2020, these loans were transferred from NTT Finance Corporation to NTT TC Leasing. See Note 21 - Interest-bearing Financial Liabilities. Statement of Financial Income Statement Company Name Particulars Terms Conditions Position Classification 2022 2021 Classification 2022 2021 2020 (in million pesos) (in million pesos) Transactions with major stockholders, directors and officers: NTT DOCOMO On June 5, 2006, in accordance with the Cooperation Agreement dated January 31, 2006, an Advisory Services Agreement was entered into by NTT DOCOMO and PLDT. Pursuant to the Advisory Services Agreement, NTT DOCOMO will provide the services of certain key personnel in connection with certain aspects of the business of PLDT and Smart. Also, this agreement governs the terms and conditions of the appointments of such key personnel and the corresponding fees related thereto. 30 days upon receipt of invoice; noninterest-bearing Unsecured Accrued expenses and other current liabilities (Note 24) 14 12 Professional and other contracted services 105 80 58 JGSHI and Subsidiaries PLDT and certain of its subsidiaries have existing agreements with Universal Robina Corporation and Robinsons Land Corporation for office and business office rental. 1st month of each quarter; 30 days upon receipt of invoice; noninterest-bearing Unsecured Accounts payable and accrued expenses and other current liabilities 17 52 Rent 269 232 314 Upon depreciation or expiration of lease Unsecured ROU assets (Note 10) 59 83 Depreciation and amortization 44 29 34 2022 – due after December 31, 2023; Unsecured Lease liabilities - net of current portion (Note 10) 35 62 2022 – due on or before Unsecured Current portion of lease liabilities 28 30 PLDT group's other transactions with JGSHI and subsidiaries 30 days upon receipt of invoice; noninterest-bearing Unsecured Accrued expenses and other current liabilities (Note 24) 45 7 Repairs and maintenance 23 25 6 Professional and other contracted services — 2 Communication, training and travel — — 1 Financing costs – net — 5 13 Miscellaneous expenses — — — Statement of Financial Income Statement Company Name Particulars Terms Conditions Position Classification 2022 2021 Classification 2022 2021 2020 (in million pesos) (in million pesos) Transactions with major stockholders, directors and officers: Malayan Insurance Co., Inc., or Malayan PLDT and certain of its subsidiaries have insurance policies with Malayan covering directors, officers, liability to employees and material damages for buildings, building improvements, equipment and motor vehicles. The premiums are directly paid to Malayan. Immediately upon receipt of invoice Unsecured Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24) 10 10 Insurance and security services 229 196 194 Immediately upon receipt of invoice Unsecured Prepayments (Note 19) 27 23 Gotuaco del Rosario and Associates, or Gotuaco Gotuaco acts as the broker for certain insurance companies to cover certain insurable properties of the PLDT Group. Insurance premiums are remitted to Gotuaco and the broker’s fees are settled between Gotuaco and the insurance companies. Immediately upon receipt of invoice Unsecured Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24) — 1 Insurance and security services 144 179 149 First Pacific Investment Management Limited, On March 1, 2018, Smart entered into an Advisory Services Agreement with FPIML effective for a period of one-year subject to a 12-month automatic renewal unless either party notifies the other party of its intent not to renew the agreement. FPIML provides advisory and related services in connection with the operation of Smart’s business of providing mobile communications services, high-speed internet connectivity, and access to digital services and content. The agreement provides that Smart shall pay monthly service fee of US$$ 250 thousand and any additional fee shall be mutually agreed upon by both parties on a monthly basis. On March 26, 2020, Smart and FPIML mutually agreed to reduce the monthly service fee to US$ 100 thousand in consideration of the services provided under this agreement, effective April 1, 2020. Starting April 2021, the fee has been increased to $ 220 k per month. Smart prepaid the fees for the period April to October 2021 (US$ 1.54 million). – Unsecured Prepayments (Note 19) — — Professional and other contracted services 133 111 72 Statement of Financial Income Statement Company Name Particulars Terms Conditions Position Classification 2022 2021 Classification 2022 2021 2020 (in million pesos) (in million pesos) Other related parties: Cignal Cable Corporation, or Cignal Cable PLDT and Smart entered into a two-year agreement with Cignal Cable to resell and distribute the iflix service to their respective subscribers effective June 18, 2019. The agreement stipulates that PLDT and Smart will each pay a minimum guarantee of US$ 1,500 thousand annually, which is committed for the Advertising Spend Guarantee. iflix shall pay PLDT and Smart 30 % each of the monthly marketing costs subject to a monthly cap of US$ 500 thousand each. This agreement was pre- terminated of March 2021. 30 days upon receipt of invoice Unsecured Accrued expenses and other current liabilities (Note 24) — — Cost of services — — 22 Selling and promotions — — 23 Other income – net — — 51 Various PLDT and certain of its subsidiaries provide telephone, data communication and other services to various related parties. 30 days upon receipt of invoice Unsecured Trade and other receivables 3,155 1,892 Revenues 2,518 2,368 2,145 2022 – due after December 31, 2023; Unsecured Lease liabilities - net of current portion (Note 10) 384 386 Expenses 5,687 2,386 1,582 2022 – due on or before December 31, 2023; Unsecured Current portion of lease liabilities (Note 10) 229 234 Upon depreciation or expiration of lease Unsecured ROU assets 1,404 750 30 days upon receipt of billing; noninterest-bearing Unsecured Accounts payable 947 1,314 Immediately upon receipt of billing Unsecured Accrued expenses and other current liabilities (Note 24) 57 11 Compensation of Key Officers of the PLDT Group The compensation of key officers of the PLDT Group by benefit type for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Other long-term employee benefits (Note 26) 480 115 297 Short-term employee benefits 358 311 327 Post-employment benefits (Note 26) 22 21 22 Total compensation paid to key officers of the PLDT Group 860 447 646 The amounts disclosed in the table above are the amounts recognized as expenses during the period related to key management personnel. Effective January 2014, each of the directors, including the members of the advisory board of PLDT, was entitled to a director’s fee in the amount of Php 250 thousand for each board meeting attended. Each of the members or advisors of the audit, governance, nomination and sustainability, executive compensation, technology strategy, and risk and data privacy and information security committees was entitled to a fee in the amount of Php 125 thousand for each committee meeting attended. Total fees paid for board meetings and board committee meetings amounted to Php 82 million, Php 85 million and Php 72 million for the years ended December 31, 2022, 2021 and 2020, respectively. Except for the fees mentioned above, the directors are not compensated, directly or indirectly, for their services as such directors. There are no agreements between PLDT Group and any of its key management personnel providing for benefits upon termination of employment, except for such benefits to which they may be entitled under PLDT Group’s retirement and incentive plans.

Pension and Other Employee Bene

Pension and Other Employee Benefits	12 Months Ended
	Dec. 31, 2022
Pension And Employee Benefits [Abstract]
Pension and Other Employee Benefits	26. Pension and Other Employee Benefits Pension Defined Benefit Pension Plans PLDT has defined benefit pension plans, operating under the legal name “The Board of Trustees for the account of the Beneficial Trust Fund created pursuant to the Benefit Plan of PLDT Co.” and covering all of our permanent and regular employees. Certain subsidiaries of PLDT have not yet drawn up a specific retirement plan for its permanent or regular employees. For the purpose of complying with Revised PAS 19, Employee Benefits, pension benefit expense has been actuarially computed based on defined benefit plan. PLDT’s actuarial valuation is performed every year-end. Based on the latest actuarial valuation, the actual present value of accrued (prepaid) benefit costs, net periodic benefit costs and average assumptions used in developing the valuation as at and for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Changes in the present value of defined benefit obligations: Present value of defined benefit obligations at beginning of the year 22,298 28,197 22,638 Interest costs on benefit obligation 1,173 922 1,056 Service costs 1,093 1,614 1,313 Actuarial losses on obligations – experience 78 538 265 Actual benefits paid/settlements ( 102 ) ( 3,471 ) ( 369 ) Actuarial losses on obligations – economic assumptions ( 3,972 ) ( 5,502 ) 3,507 Curtailment and others ( 4,685 ) — ( 213 ) Present value of defined benefit obligations at end of the year 15,883 22,298 28,197 Changes in fair value of plan assets: Fair value of plan assets at beginning of the year 14,683 15,000 13,724 Actual contributions 6,359 3,614 3,227 Interest income on plan assets 983 605 322 Return on plan assets (excluding amount included in net interest) — ( 1,065 ) ( 1,904 ) Actual gain on plan assets ( 421 ) — — Actual benefits paid/settlements ( 5,313 ) ( 3,471 ) ( 369 ) Fair value of plan assets at end of the year 16,291 14,683 15,000 Unfunded status – net 408 ( 7,615 ) ( 13,197 ) Accrued benefit costs 482 7,760 13,342 Prepaid benefit costs (Note 19) 890 145 145 Components of net periodic benefit costs: Service costs 1,093 1,614 1,313 Interest costs - net 190 317 734 Curtailment/settlement gains and other adjustments 261 — ( 99 ) Net periodic benefit costs (Note 5) 1,544 1,931 1,948 Actual net gain on plan assets amounted to Php 562 million for the year ended December 31, 2022, while actual net loss on plan assets amounted to Php 460 million and Php 1,582 million for the years ended December 31, 2021 and 2020, respectively. Based on the latest actuarial valuation, our expected contribution to the defined benefit plan in 2023 will amount to Php 4,613 million. The following table sets forth the expected future settlements by the Plan of maturing defined benefit obligation as at December 31, 2022: (in million pesos) 2023 261 2024 317 2025 433 2026 826 2027 1,077 2028 to 2032 11,904 The average duration of the defined benefit obligation at the end of the reporting period is 10.91 years. The weighted average assumptions used to determine pension benefits for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 Rate of increase in compensation 5.7 % 5.7 % 6.0 % Discount rate 7.3 % 5.3 % 3.5 % The sensitivity analysis below has been determined based on reasonably possible changes of each significant assumption on the defined benefit obligation as at December 31, 2022 and 2021, assuming if all other assumptions were held constant: Increase (Decrease) (in million pesos) Discount rate 1 % ( 14,223 ) ( 1 %) 17,579 Future salary increases 1 % 17,587 ( 1 %) ( 4,189 ) PLDT’s Retirement Plan The Board of Trustees, which manages the beneficial trust fund, is composed of: (i) a member of the Board of Directors of PLDT, who is not a beneficiary of the Plan; (ii) a member of the Board of Directors or a senior officer of PLDT, who is a beneficiary of the Plan; (iii) a senior member of the executive staff of PLDT; and (iv) two persons who are not executives nor employees of PLDT. 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. The Board of Trustees of the beneficial trust fund uses an investment approach with the objective of maximizing the long-term expected return of plan assets. The majority of the Plan’s investment portfolio consists of listed and unlisted equity securities while the remaining portion consists of passive investments like temporary cash investments and fixed income investments. The plan assets are primarily exposed to financial risks such as liquidity risk and price risk. Liquidity risk pertains to the plan’s ability to meet its obligation to the employees upon retirement. To effectively manage liquidity risk, the Board of Trustees invests at least the equivalent amount of actuarially computed expected compulsory retirement benefit payments for the year to liquid/semi-liquid assets such as government securities, savings and time deposits with commercial banks. Price risk pertains mainly to fluctuations in market prices of equity securities listed in the PSE. In order to effectively manage price risk, the Board of Trustees continuously assesses these risks by closely monitoring the market value of the securities and implementing prudent investment strategies. The following table sets forth the fair values, which are equal to the carrying values, of PLDT’s plan assets recognized as at December 31, 2022 and 2021: 2022 2021 (in million pesos) Noncurrent Financial Assets Investments in: Unquoted equity investments 13,509 11,332 Shares of stock 1,913 2,316 Corporate bonds 318 242 Mutual funds 7 7 Government securities 129 17 Total noncurrent financial assets 15,876 13,914 Current Financial Assets Cash and cash equivalents 410 518 Receivables 8 5 Total current financial assets 418 523 Total PLDT’s Plan Assets 16,294 14,437 Subsidiaries Plan Assets ( 3 ) 246 Total Plan Assets of Defined Benefit Pension Plans 16,291 14,683 Investment in shares of stocks is valued using the latest bid price at the reporting date. Investments in corporate bonds, mutual funds and government securities are valued using the quoted market prices at reporting date. Unquoted Equity Investments As at December 31, 2022 and 2021, this account consists of: 2022 2021 2022 2021 Percentage of Ownership (in million pesos) MediaQuest 100 % 100 % 12,634 10,508 Tahanan Mutual Building and Loan Association, Inc., 32 million) 100 % 100 % 625 584 BTFHI 100 % 100 % 250 240 13,509 11,332 Investments in MediaQuest MediaQuest was registered with the Philippine SEC on June 29, 1999 primarily to purchase, subscribe for or otherwise acquire and own, hold, use, manage, sell, assign, transfer, mortgage, pledge, exchange, or otherwise dispose of real and personal property or every kind and description, and to pay thereof in whole or in part, in cash or by exchanging, stocks, bonds and other evidences of indebtedness or securities of this any other corporation. Its investments include common shares of stocks of various communication, broadcasting and media entities. Investments in MediaQuest are carried at fair value. 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 . Other key assumptions used in the cash flow projections include revenue growth rate, direct costs and capital expenditures. The post-tax discount rates applied to cash flow projections range from 11.4 % to 11.8 %. Cash flows beyond the five-year period are determined using 0.0 % to 4.8 % growth rates. On May 8, 2012, the Board of Trustees of the PLDT Beneficial Trust Fund approved the issuance by MediaQuest of PDRs amounting to Php 6 billion. The underlying shares of these PDRs are the shares of stocks of Cignal TV held by MediaQuest through Satventures (Cignal TV PDRs). On the same date, MediaQuest Board of Directors approved the investment in Cignal TV PDRs by ePLDT, which gave ePLDT a 40 % economic interest in Cignal TV. In June 2012, MediaQuest received a deposit for future PDRs subscription of Php 4 billion from ePLDT. Additional deposits of Php 1 billion each were received on July 6, 2012 and August 9, 2012. On January 25, 2013, the Board of Trustees of the PLDT Beneficial Trust Fund and the MediaQuest Board of Directors approved the issuance of additional MediaQuest PDRs amounting to Php 3.6 billion. The underlying shares of these additional PDRs are the shares of Satventures held by MediaQuest (Satventures PDRs), the holder of which will have a 40 % economic interest in Satventures. Satventures is a wholly-owned subsidiary of MediaQuest and the investment vehicle for Cignal TV. From March to August 2013, MediaQuest received from ePLDT an amount aggregating to Php 3.6 billion representing deposits for future PDRs subscription. The Satventures PDRs and Cignal TV PDRs were subsequently issued on September 27, 2013, providing ePLDT an effective 64 % economic interest in Cignal TV. Also, on January 25, 2013, the Board of Trustees of the PLDT Beneficial Trust Fund and the MediaQuest Board of Directors approved the issuance of additional MediaQuest PDRs amounting to Php 1.95 billion. The underlying shares of these additional PDRs are the shares of stocks of Hastings held by MediaQuest (Hastings PDRs). Hastings is a wholly-owned subsidiary of MediaQuest, which holds all the print-related investments of MediaQuest, including equity interests in the three leading newspapers: The Philippine Star, Philippine Daily Inquirer, and Business World. From June 2013 to October 2013, MediaQuest received from ePLDT an amount aggregating to Php 1.95 billion representing deposits for future PDRs subscription. On February 19, 2014, ePLDT’s Board of Directors approved an additional Php 500 million investment in Hastings PDRs. On March 11, 2014, MediaQuest received from ePLDT an amount aggregating to Php 300 million representing deposits for future PDRs subscription. As at December 31, 2014, total deposit for PDRs subscription amounted to Php 2,250 million. On May 21, 2015, ePLDT’s Board of Directors approved an additional Php 800 million investment in Hastings PDRs and settlement of the Php 200 million balance of the Php 500 million Hastings PDR investment in 2014. Subsequently, on May 30, 2015, the Board of Trustees of the PLDT Beneficial Trust Fund and the Board of Directors of MediaQuest approved the issuance of Php 3,250 million Hastings PDRs. This provided ePLDT with 70 % economic interest in Hastings. In February 2018, ePLDT entered into a Deed of Assignment with the Board of Trustees of the PLDT Beneficial Trust Fund transferring the Hastings PDRs for Php 1,664 million. In 2019 and 2020, the Board of Trustees of the PLDT Beneficial Trust Fund approved additional investment in MediaQuest amounting to Php 3,100 million and Php 1,400 million, respectively, to fund MediaQuest’s investment requirements. The full amounts were fully drawn by MediaQuest during 2019 and 2020. In 2021 and 2022, the Board of Trustees of the PLDT Beneficial Trust Fund approved the additional investment in MediaQuest to fund its cash requirements amounting to Php 2,000 million and Php 1,000 million, respectively. As at December 31, 2022, both investments were already fully drawn by MediaQuest. Investment in TMBLA TMBLA was incorporated for the primary purpose of accumulating the savings of its stockholders and lending funds to them for housing programs. The beneficial trust fund’s total investment into TMBLA amounted to Php 119 million consisting of initial direct subscription in shares of stocks of TMBLA in the amount of Php 20 million (net of unpaid subscription amounting to Php 32 million) and subsequently via a Deed of Pledge amounting to Php 99 million. The cumulative change in the fair market values of this investment amounted to Php 494 million and Php 465 million as at December 31, 2022 and 2021, respectively. Investment in BTFHI BTFHI was incorporated for the primary purpose of acquiring voting preferred shares in PLDT and while the owner, holder of possessor thereof, to exercise all the rights, powers, and privileges of ownership or any other interest therein. On October 26, 2012, BTFHI subscribed to a total of 150 million shares of Voting Preferred Stock of PLDT at a subscription price of Php 1.00 per share for a total subscription price of Php 150 million. Total cash dividend income amounted to Php 10 million for each of the years ended December 31, 2022, 2021 and 2020. Dividend receivables amounted to Php 2 million each as at December 31, 2022 and 2021. Shares of Stocks As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Common shares PSE 1,054 1,401 PLDT 35 48 Others 464 507 Preferred shares 360 360 1,913 2,316 Dividends earned on PLDT common shares amounted to Php 3 million for the year ended December 31, 2022 and Php 2 million for each of the years ended December 31, 2021 and 2020. Preferred shares represent 300 million unlisted preferred shares of PLDT at Php 10 par value, net of subscription payable of Php 2,640 million as at December 31, 2022 and 2021. These shares, which bear dividend of 13.5 % per annum based on the paid-up subscription price, are cumulative, non-convertible and redeemable at par value at the option of PLDT. Dividends earned on this investment amounted to Php 49 million, Php 47 million and Php 49 million for the years ended December 31, 2022, 2021 and 2020, respectively. Corporate Bonds Investment in corporate bonds includes various long-term peso and dollar denominated bonds with maturities ranging from July 2022 to September 2027 and fixed interest rates from 3.25 % to 6.94 % per annum. Government Securities Investments in government securities includes Retail Treasury Bonds bearing an interest rate of 3.7 % per annum. This security is fully guaranteed by the government of the Republic of the Philippines. Mutual Funds Investment in mutual funds includes UITF, bond and equity funds, which aims to out-perform benchmarks in various indices as part of its investment strategy. The allocation of the fair value of the assets for the PLDT pension plan as at December 31, 2022 and 2021 are as follows: 2022 2021 Investments in listed and unlisted equity securities 95 % 94 % Temporary cash investments 2 % 4 % Debt and fixed income securities 2 % 2 % Mutual funds 1 % — 100 % 100 % Defined Contribution Plans Smart’s and certain of its subsidiaries’ contributions to the plan are made based on the employees’ years of tenure and range from 5 % to 10 % of the employee’s monthly salary. Additionally, an employee has an option to make a personal contribution to the fund, at an amount not exceeding 10 % of his monthly salary. The employer then provides an additional contribution to the fund ranging from 10 % to 50 % of the employee’s contribution based on the employee’s years of tenure. Although the plan has a defined contribution format, Smart and certain of its subsidiaries regularly monitor their compliance with Republic Act No. 7641. As at December 31, 2022 and 2021, Smart and certain of its subsidiaries were in compliance with the requirements of Republic Act No. 7641. Smart’s and certain of its subsidiaries’ actuarial valuation is performed every year-end. Based on the latest actuarial valuation, the actual present value of prepaid benefit costs, net periodic benefit costs and average assumptions used in developing the valuation as at and for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Changes in the present value of defined benefit obligations: Present value of defined benefit obligations at beginning of the year 3,264 2,775 2,813 Service costs 262 313 294 Interest costs on benefit obligation 156 101 118 Actuarial losses – economic assumptions ( 20 ) ( 40 ) 28 Actuarial losses – experience ( 216 ) 12 69 Actual benefits paid/settlements ( 396 ) — ( 567 ) Curtailment and others ( 273 ) 103 20 Present value of defined benefit obligations at end of the year 2,777 3,264 2,775 Changes in fair value of plan assets: Fair value of plan assets at beginning of the year 4,137 3,651 3,084 Actual contributions 299 306 282 Interest income on plan assets 213 132 142 Return on plan assets (excluding amount included in net interest) ( 322 ) ( 18 ) 143 Actual benefits paid/settlements ( 842 ) — — Others — 66 — Fair value of plan assets at end of the year 3,485 4,137 3,651 Funded status – net 708 873 876 Prepaid benefit costs (Note 19) 708 873 876 Components of net periodic benefit costs: Service costs 262 313 294 Interest costs - net ( 57 ) ( 31 ) ( 24 ) Curtailment/settlement gains and other adjustments — — — Net periodic benefit costs (Note 5) 205 282 270 Actual net loss on plan assets amounted to Php 109 million for the year ended December 31, 2022, while actual net gains on plan assets amounted to Php 114 million and Php 285 million for the years ended December 31, 2021 and 2020, respectively. Based on the latest actuarial valuation, Smart and certain of its subsidiaries expect to contribute the amount of approximately Php 309 million to the plan in 2023. The following table sets forth the expected future settlements by the Plan of maturing defined benefit obligation as at December 31, 2022: (in million pesos) 2023 81 2024 143 2025 142 2026 210 2027 216 2028 to 2062 2,163 The average duration of the defined benefit obligation at the end of the reporting period is 10 years . The weighted average assumptions used to determine pension benefits for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 Rate of increase in compensation 5.0 % 5.0 % 5.0 % Discount rate 7.3 % 5.0 % 3.5 % The sensitivity analysis below has been determined based on reasonably possible changes of each significant assumption on the defined benefit obligation as at December 31, 2021 and 2020, assuming if all other assumptions were held constant: Increase (Decrease) (in million pesos) Discount rate ( 0.1 %) ( 4 ) 0.2 % 614 Future salary increases 0.2 % 614 ( 0.1 %) ( 4 ) Smart’s Retirement Plan The fund is being managed and invested by BPI Asset Management and Trust Corporation, as Trustee, pursuant to an amended trust agreement dated February 21, 2012. The plan’s investment portfolio seeks to achieve regular income, long-term capital growth and consistent performance over its own portfolio benchmark. In order to attain this objective, the Trustee’s mandate is to invest in a diversified portfolio of bonds and equities, both domestic and international. The portfolio mix is kept at 70 % and 30 % for fixed income securities and equity securities, respectively. The following table sets forth the fair values, which are equal to the carrying values, of Smart’s plan assets recognized as at December 31, 2022 and 2021: 2022 2021 (in million pesos) Noncurrent Financial Assets Investments in: Domestic fixed income 2,152 2,833 Domestic equities 676 997 International fixed income 222 558 Philippine foreign currency bonds 220 224 International equities — 844 Total noncurrent financial assets 3,270 5,456 Current Financial Assets Cash and cash equivalents 1,411 37 Total current financial assets 1,411 37 Total plan assets 4,681 5,493 Less: Employee’s share, forfeitures and mandatory reserve account 1,196 1,356 Total Plan Assets of Defined Contribution Plans 3,485 4,137 Domestic Fixed Income Investments in domestic fixed income include Philippine Peso denominated bonds, such as government securities and corporate debt securities, with fixed interest rates from 3.00 % to 10.13 % per annum. Domestic Equities Investments in domestic equities include direct equity investments in common shares listed in the PSE. These investments earn on stock price appreciation and dividend payments. This includes investment in PLDT shares with fair value of Php 21 million and Php 45 million as at December 31, 2022 and 2021, respectively. International Equities Investments in international equities include exchange traded funds managed by BlackRock. Philippine Foreign Currency Bonds Investments in Philippine foreign currency bonds include U.S. Dollar denominated fixed income instruments issued by the Philippine government and local corporations with fixed interest rates from 2.95 % to 10.63 % per annum. International Fixed Income Investments in international fixed income include exchange traded funds in iSHARES U.S. Treasury Bond ETF and iSHARES International Treasury Bond ETF. Cash and Cash Equivalents This pertains to the fund’s excess liquidity in Philippine Peso and U.S. Dollars including investments in time deposits, money market funds and other deposit products of banks with duration or tenor less than a year. The asset allocation of the Plan is set and reviewed from time to time by the Plan Trustees taking into account the membership profile, the liquidity requirements of the Plan and risk appetite of the Plan sponsor. This considers the expected benefit cash flows to be matched with asset durations. The plan assets are primarily exposed to financial risks such as liquidity risk and price risk. Liquidity risk pertains to the plan’s ability to meet its obligation to the employees upon retirement. To effectively manage liquidity risk, the Plan Trustees invest a portion of the fund in readily tradeable and liquid investments which can be sold at any given time to fund liquidity requirements. Price risk pertains mainly to fluctuations in market prices of equity securities listed in the PSE. In order to effectively manage price risk, the Plan Trustees continuously assess these risks by closely monitoring the market value of the securities and implementing prudent investment strategies. The allocation of the fair value of Smart and certain of its subsidiaries pension plan assets as at December 31, 2022 and 2021 are as follows: 2022 2021 Investments in debt and fixed income securities and others 86 % 67 % Investments in listed and unlisted equity securities 14 % 33 % 100 % 100 % Other Long-term Employee Benefits TIP In 2017, the Board of Directors of PLDT approved the TIP which intended to provide incentive compensation to key officers, executives and other eligible participants who are consistent performers and contributors to the Company’s strategic and financial goals, based on the achievement of telco core income targets. The program was divided into two cycles. Cycle 1 covered the performance period from 2017 to 2019, was in the form of PLDT common shares of stocks and later modified to a mix of equity shares and cash grants, and was released in three annual grants. Cycle 2 covered the performance period from 2020 to 2021, was settled in cash and was released in 2022. TIP was administered by the ECC. LTIP On December 23, 2021, the ECC approved the LTIP covering the years 2022 to 2026, covering two cycles, based on the achievement of telco core income targets, with additional performance metrics on Customer Experience and Sustainability to impact the LTIP pay-out. Cycle 1 covers performance period from 2022 to 2024. Payout will be split at the end of the 2nd year and at the end of the 3rd year, based on the achievement of performance targets. Cycle 2 covers performance period from 2025 and 2026, and is subject to the ECC’s further evaluation and approval of the final terms. The expense accrued for the LTIP amounted to Php 1,272 million for the year ended December 31, 2022 and expense accrued for the TIP amounted to Php 1,186 million and Php 1,134 million for the years ended December 31, 2021 and 2020, respectively. The accrued incentive payable amounted to Php 1,294 million and Php 2,384 million as at December 31, 2022 and 2021, respectively. See Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Estimating Pension Benefit Costs and Other Employee Benefits and Note 5 – Income and Expenses – Compensation and Employee Benefits .

Provisions and Contingencies

Provisions and Contingencies	12 Months Ended
	Dec. 31, 2022
Disclosure of contingent liabilities [abstract]
Provisions and Contingencies	27. Provisions and Contingencies PLDT’s Local Business and Franchise Tax Assessments As at December 31, 2022, PLDT has no contested LGU assessments for franchise taxes based on gross receipts received or collected for services within its respective territorial jurisdiction. Smart’s Local Business and Franchise Tax Assessments The Province of Cagayan issued a tax assessment against Smart for alleged local franchise tax. In 2011, Smart appealed the assessment to the Regional Trial Court, or RTC, of Makati on the ground that Smart cannot be held liable for local franchise tax mainly because it has no sales office within the Province of Cagayan pursuant to Section 137 of the Local Government Code (Republic Act No. 7160). The RTC issued a TRO and a writ of preliminary injunction. On April 30, 2012, the RTC rendered a decision nullifying the tax assessment. The Province of Cagayan was also directed to cease and desist from imposing local franchise taxes on Smart’s gross receipts. The Province of Cagayan then appealed to the Court of Tax Appeals, or CTA. In a Decision promulgated on July 25, 2013, the CTA ruled that the franchise tax assessment is null and void for lack of legal and factual justifications. Cagayan’s Motion for Reconsideration was denied. Cagayan then appealed before the CTA En Banc. The CTA En Banc issued a Decision dated December 8, 2015 affirming the nullity of the tax assessment. On January 26, 2016, the Province of Cagayan filed a Partial Motion for Reconsideration, praying among others, that the Court enter a new decision declaring as valid and legal the tax assessment issued by Province of Cagayan to Smart. The CTA En Banc then issued a Resolution dated June 22, 2016 denying the Partial Motion for Reconsideration filed by the Province of Cagayan for lack of merit. On July 31, 2016, the Decision dated December 8, 2015 became final and executory and recorded in the book of entries of judgement of the CTA. In 2016, Cagayan issued another local franchise tax assessment against Smart covering years 2011-2015. Using the same grounds in the first case, Smart appealed the assessment with the RTC of Tuguegarao where the case is pending. The RTC then directed the parties to file their respective Memorandum within 30 days from date of receipt. Smart filed its Memorandum on November 7, 2018. On November 29, 2021, the RTC rendered its Decision dismissing the appeal of Smart for lack of jurisdiction without prejudice. Smart has filed its Motion for Reconsideration last February 2, 2022. The City of Makati sent letters to Smart for alleged franchise tax liability. Smart, through a Letter Protest, replied and refuted the alleged franchise tax liability on the ground that Makati is imposing tax on revenues outside its jurisdiction. However, the City of Makati failed to act on the protest; hence, Smart filed a Petition for Review with the RTC of Makati City. The City of Makati refused to issue assessments and business permits of Smart’s head office and its branches within the city. Smart filed with the RTC of Makati Petitions for Mandamus with Consignation and Application for the Issuance of Writ of Preliminary Injunction to compel the City of Makati to undertake its ministerial duty to act upon, approve, and consequently issue the physical Business Permits of Smart. On February 27, 2023, while the Petitions were still pending, the City of Makati issued a Closure Order that was posted at Smart’s head office. On February 28, 2023, Smart submitted its accounting records to reconcile against assessments issued by the City of Makati. On March 2, 2023, Smart and the City of Makati, executed a Compromise Agreement that will be the subject of joint motions to be filed and submitted to the respective RTC for decision with a prayer to approve the compromise agreement and cancel the assessment. The RTC has yet to act upon and issue its decision on whether to approve the Compromise Agreement. Based on management’s assessment, appropriate provisions were made in the books. However, management has decided not to disclose further details as it may prejudice Smart's position in the ongoing proceedings. Digitel’s Local Government Unit, or LGU, Assessments Digitel is discussing with various LGUs, as to the settlement of its local taxes. DMPI vs. City of Trece Martires In 2010, DMPI petitioned to declare void the City of Trece Martires ordinance of imposing tower fee of Php 150 thousand for each cell site every year. Application for the issuance of a preliminary injunction by DMPI is pending resolution as of date. ACeS Philippines’ Withholding Tax Assessments ACeS Philippines has a pending case with the Supreme Court ( ACeS Philippines Satellite Corporation vs. Commissioner of Internal Revenue Supreme Court G.R. No. 226680) for alleged 2006 deficiency withholding tax. On July 23, 2014, the CTA Second Division affirmed the assessment of the Commissioner of Internal Revenue for deficiency basic withholding tax, surcharge plus deficiency interest, and delinquency interest amounting to Php 87 million. On November 18, 2014, ACeS Philippines filed a Petition for Review with the CTA En Banc. On August 16, 2016, the CTA En Banc also affirmed the assessment with finality. On October 19, 2016, ACeS Philippines filed a petition before the Supreme Court assailing the decision of the CTA. On February 23, 2017 and March 15, 2017, respectively, the Company paid a compromise settlement amounting to Php 27 million and filed a formal request for compromise of tax liabilities before the Bureau of Internal Revenue, or BIR, while the case is pending before the Supreme Court. On February 19, 2021, ACeS Philippines entered into an amicable settlement with the BIR pursuant to the provisions of the Civil Code of the Philippines and paid an additional compromise settlement amounting to Php20 million. On April 18, 2021, the Commissioner of Internal Revenue signed the judicial compromise agreement. The corresponding Certificate of Availment (Compromise Settlement) was issued by the BIR. On July 21, 2022, Parties filed with the Supreme Court a Joint Motion for Judgment based on Judicial Compromise Agreement. On January 31, 2023, ACeS Philippines received the Decision of the Supreme Court dated August 31, 2022 affirming the decision of the CTA En Banc. On February 15, 2023, Aces Philippines filed its Motion for Reconsideration praying to consider the Joint Motion for Judgment based on Judicial Compromise Agreement filed on July 21, 2022. Arbitration with Eastern Telecommunications Philippines, Inc., or ETPI Since 1990 up to the present, PLDT and ETPI have been engaged in legal proceedings involving a number of issues in connection with their business relationship. Among PLDT’s claims against ETPI are ETPI’s alleged uncompensated bypass of PLDT’s systems from July 1, 1998 to November 28, 2003; unpaid access charges from July 1, 1999 to November 28, 2003; and non-payment of applicable rates for Off-Net and On-Net traffic from January 1, 1999 to November 28, 2003 arising from ETPI’s unilateral reduction of its rates for the Philippines-Hong Kong traffic stream through Hong Kong REACH-ETPI circuits. ETPI’s claims against PLDT, on the other hand, involve an alleged Philippines-Hong Kong traffic shortfall for the period July 1, 1998 to November 28, 2003; unpaid share of revenues generated from PLDT’s activation of additional growth circuits in the Philippines-Singapore traffic stream for the period July 1, 1999 to November 28, 2003; under reporting of ETPI share of revenues under the terms of a Compromise Agreement for the period January 1, 1999 to November 28, 2003 (which ETPI is seeking to retroact to February 6, 1990); lost revenues arising from PLDT’s blocking of incoming traffic from Hong Kong from November 1, 2001 up to November 2003; and lost revenues arising from PLDT’s circuit migration from January 1, 2001 up to December 31, 2001. While the parties have entered into Compromise Agreements in the past (one in February 1990 and another in March 1999), said agreements have not put to rest the issues between them. To avoid protracted litigation and to preserve their business relationship, PLDT and ETPI agreed to submit their differences and issues to voluntary arbitration. On April 16, 2008, PLDT and ETPI signed an Arbitration Settlement Agreement and submitted their respective Statement of Claims and Answers. Subsequent to such submissions, PLDT and ETPI agreed to suspend the arbitration proceedings. ETPI’s total claim against PLDT is about Php 2.9 billion while PLDT’s total claim against ETPI is about Php 2.8 billion. In an agreement, PLDT and Globe have agreed that they shall cause ETPI, within a reasonable time after May 30, 2016, to dismiss Civil Case No. 17694 entitled Eastern Telecommunications Philippines, Inc. vs. Philippine Long Distance Telephone Company , and all related or incidental proceedings (including the voluntary arbitration between ETPI and PLDT), and PLDT, in turn, simultaneously, shall withdraw its counterclaims against ETPI in the same entitled case, all with prejudice. As of date of this report, there are no changes on the status of the case. Department of Labor and Employment, or DOLE, Compliance Order, or Order, to PLDT In a series of orders including a Compliance Order issued by the DOLE Regional Office on July 3, 2017, which was partly affirmed by DOLE Secretary Silvestre Bello, III, or DOLE Secretary, in his resolutions dated January 10, 2018 and April 24, 2018, the DOLE had previously ordered PLDT to regularize 7,344 workers from 38 of PLDT’s third party service contractors. PLDT questioned these “regularization orders” before the CA, which led to the July 31, 2018 Decision of the CA. In sum, the CA: (i) granted PLDT’s prayer for an injunction against the regularization orders; (ii) set aside the regularization orders insofar as they declared that there was labor-only contracting of the following functions: (a) janitorial services, messengerial and clerical services; (b) information technology, or IT, firms and services; (c) IT support services, both hardware and software, and applications development; (d) back office support and office operations; (e) business process outsourcing or call centers; (f) sales; and (g) medical, dental engineering and other professional services; and (iii) remanded to the DOLE for further proceedings, the matters of: (a) determining which contractors, and which individuals deployed by these contractors, are performing installation, repair and maintenance, or IRM, of PLDT lines which individuals will be covered by the regularization orders because they are performing the core functions of PLDT; and (b) properly computing monetary awards for benefits such as unpaid overtime or 13th month pay, which in the regularization orders amounted to Php 51.8 million. The CA agreed with PLDT’s contention that the DOLE Secretary’s regularization order was “tainted with grave abuse of discretion” because it did not meet the “substantial evidence” standards set out by the Supreme Court in landmark jurisprudence. The Court also said that the DOLE’s appreciation of evidence leaned in favor of the contractor workers, and that the DOLE Secretary had “lost sight” of distinctions involving the labor law concepts of “control over means and methods,” and “control over results.” On August 20, 2018, PLDT filed a motion seeking a partial reconsideration of that part of the CA decision, which ordered a remand to the Office of the Regional Director of the DOLE-National Capital Region of the matter of the regularization of individuals performing installation, repair and maintenance, or IRM, services. In its motion, PLDT argued that the fact-finding process contemplated by the Court’s remand order is actually not part of the visitorial power of the DOLE (i.e., the evidence that will need to be assessed cannot be gleaned in the ‘normal course’ of a labor inspection) and is therefore, outside the jurisdiction of the DOLE Secretary. PLDT also questioned that part of the CA ruling which seems to conclude that all IRM jobs are “regular or core functions of PLDT.” It argued that the law recognizes that some work of this nature can be project-based or seasonal in nature. Instead of the DOLE, PLDT suggested that the National Labor Relations Commission – a tribunal with better fact-finding powers – take over from the DOLE to determine whether the jobs are in fact IRM, and if so, whether they are “regular” or can be considered project-based or seasonal. Both adverse parties, the PLDT rank-and-file labor union Manggagawa sa Komunikasyon ng Pilipinas, or MKP, and the DOLE filed Motions for Reconsideration. On February 14, 2019, the CA issued a Resolution denying all Motions for Reconsideration and upheld its July 31, 2018 Decision. After filing a Motion for Extension of Time on March 7, 2019, PLDT filed on April 5, 2019 a Petition for Review with the Supreme Court, questioning only one aspect of the CA decision i.e. its order remanding to the DOLE the determination of which jobs fall within the scope of “installation, repair and maintenance,” without however a qualification as to the “project” or “seasonal” nature of those engagements. The Supreme Court has consolidated PLDT’s Petition with the separate Petitions for Review filed by the DOLE and MKP. On February 17, 2020, PLDT submitted its Comment on the Petitions for Review filed by the DOLE Secretary and MKP. PLDT also received the Comment filed by MKP and the DOLE Secretary dated January 13, 2020 and September 3, 2020, respectively. On September 10, 2020, PLDT filed a Motion for Leave and for Time to File a Consolidated Reply (re: MKP’s Comment dated January 13, 2020 and DOLE Secretary’s Comment dated September 3, 2020). On December 23, 2020, PLDT filed its Reply to the Comment submitted by MKP and the DOLE Secretary. On March 11, 2021, PLDT received DOLE’s Reply dated March 2, 2021. To date, the consolidated petitions filed by PLDT, DOLE and MKP are pending resolution with the Supreme Court. Attys. Baquiran and Tecson vs. NTC, et al. This is a Petition for Mandamus filed on October 23, 2018 by Attys. Joseph Lemuel Baligod Baquiran and Ferdinand C. Tecson against the Respondents NTC, the PCC, Liberty, BellTel, Globe, PLDT and Smart. Briefly, the case involves the 700 MHz frequency, among others, or Subject Frequencies, that was originally assigned to Liberty and which eventually became subject of the Co-Use Agreement between Globe, on the one hand, and PLDT and Smart, on the other, or the Co-Use Agreement. The Petition prayed that: (a) a Temporary Restraining Order, or TRO, /Writ of Preliminary Injunction, or WPI, be issued to enjoin and restrain Globe, PLDT and Smart from utilizing and monopolizing the Subject Frequencies and the NTC from bidding out or awarding the frequencies returned by PLDT, Smart and Globe; (b) the NTC’s conditional assignment of the Subject Frequencies be declared unconstitutional, illegal and void; (c) alternatively, Liberty and its successors-in-interest be divested of the Subject Frequencies and the same be reverted to the State; (d) Liberty be declared to have transgressed Section 11 (1), Article XVI of the Constitution; (e) Liberty and its parent company be declared to have contravened paragraph 2 of Section 10, Article XII of the 1987 Constitution; (f) Liberty’s assignment of the Subject Frequencies to BellTel be declared illegal and void; (g) the Co-Use Agreement be declared invalid; (h) the NTC be found to have unlawfully neglected the performance of its positive duties; (i) the PCC be found to have unlawfully neglected the performance of its positive duties; (j) a Writ of Mandamus be issued commanding the NTC to revoke the Co-Use Agreement, recall the Subject Frequencies in favor of the State, and make the same available to the best qualified telecommunication players; (k) a Writ of Mandamus be issued commanding the PCC to conduct a full review of PLDT’s and Globe’s acquisition of all issued and outstanding shares of Vega Telecom; (l) an Investigation of NTC be ordered for possible violation of Section 3 (e) of Republic Act No. 3019 and other applicable laws; and (m) the said TRO/WPI be made permanent. Essentially, petitioners contend that the NTC’s assignments of the Subject Frequencies of Liberty were void for failing to comply with Section 4 (c) of Republic Act No. 7925 which essentially states that “the radio frequency spectrum is a scarce public resource xxx.” Even assuming the assignments were valid, Liberty should be deemed divested of the same by operation of law (with the Subject Frequencies reverted to the State), considering that it underutilized or never utilized the Subject Frequencies in violation of the terms and conditions of the assignments. Assuming further that the NTC’s assignments of the Subject Frequencies were valid and that Liberty was not divested of the same by operation of law, still, Liberty did not validly assign the Subject Frequencies to BellTel because of the absence of Congressional approval. Petitioners conclude that since the assignments of the Subject Frequencies from the NTC to Liberty, and from Liberty to BellTel, were all illegal and void, it follows that the Subject Frequencies could not serve as the object of the Co-Use Agreement between PLDT, Smart and Globe. On November 23, 2018, PLDT filed an Entry of Appearance on behalf of PLDT and Smart. On January 17, 2019, PLDT and Smart filed their Comment. Essentially, the Comment raised the following arguments: first , that the requisites for judicial review and for a mandamus petition are lacking; second , that there was no need for Liberty to obtain prior Congressional approval before it assigned the Subject Frequencies to BellTel; and third , that the Co-Use Agreement is valid and approved by the NTC, and did not violate the Constitution or any laws. On January 15, 2019, PLDT received a copy of BellTel’s Comment/Opposition dated January 10, 2019. On February 12, 2019, PLDT received a copy of Globe Telecom, Inc.’s, or Globe’s Comment/Opposition dated January 21, 2019. In a Resolution dated March 19, 2019, the Supreme Court noted the aforesaid filings. As at the date of the report, however, PLDT has not received any pleadings from the OSG on behalf of the public respondents. On June 18, 2019, the Supreme Court issued a Resolution consolidating this case with G.R. No. 230798 (Philippine Competition Commission vs. CA [Twelfth Division] and PLDT; Globe, intervenor) and G.R. No. 234969 (Philippine Competition Commission vs. PLDT and Globe). The consolidated cases were assigned to the Supreme Court Division in charge of G.R. No. 230798, the case with the lowest docket number. Notice of Material Breach and Demand for Payment on Dito In February 2021, PLDT and Dito entered into an agreement for the construction of a transmission facility that served as the point of interconnection for their subscribers. Under the agreement, PLDT established and managed the interconnection facility that operated as the primary physical interface for both companies. The planned facility was completed in March 2021. On September 22, 2021, Dito filed a petition with the NTC seeking the latter’s intervention in directing Smart to grant Dito’s request for additional capacity for interconnection. In response, Smart filed an answer on October 4, 2021 stating that the petition should be denied for Dito’s failure to prevent, detect, or block International Simple Resale, or ISR,/Bypass Traffic emanating from its network and Dito’s failure to set up an effective fraud management system; and requesting for compensation for losses incurred due to these ISR/ bypass activities, in violation of its Interconnection Agreement with Smart, the provisions of R.A. No. 7925, and NTC MC No. 14-07-2000. The NTC facilitated mediation conferences on November 5, 2021, November 18, 2021, February 4, 2022, and February 16, 2022. The case remains pending with the NTC. Following news reports on August 8, 2022 that Dito had filed a complaint with the PCC against Globe and Smart involving the same issue pending with the NTC on ISR, Smart received a subpoena duces tecum dated December 7, 2022 from the PCC Competition Enforcement Office in relation to an ongoing full administrative investigation involving the telecommunications industry. The subpoena notified Smart that it was the subject of ongoing investigation pursuant to Section 2.9 of the 2017 PCC Rules of Procedure, involving allegations of violations by Smart of Section 14(b)(1), 15(b), 15(c) and 15(i) of the Philippine Competition Act. Smart was directed to submit its corporate documents, documents and information pertaining to its operations as a PTE and its relationship with other PTEs, and documents and information on ISR. to the PCC on January 23, 2023, followed by the submission of a supplemental submission on January 27, 2023. As of the date of this report, Smart has not received any other notices from the PCC with regards to this investigation. On October 6, 2022, PLDT served a Notice of Material Breach and Demand for Payment on Dito which refused to pay the outstanding balance of Php430 million for contracted services provided by PLDT in relation to the building and provisioning of transmission facilities used by Dito to deliver telecommunication services to its subscribers. Class Action Suit Against PLDT On February 6, 2023, plaintiff Sophia Olsson filed a putative class action suit in the United States District Court for the Central District of California alleging that PLDT, Inc. and nine of its current and former directors and officers (collectively, the “Defendants”) made materially false and misleading statements regarding capital expenditures during the period 2019 to 2022. Plaintiff asserts claims under Sections 10(b) and 20(a) of the United States Securities and Exchange Act of 1934 (and related rules) but does not specify purported damages. While a complaint was filed, no Defendant has been served and there has been no other activity in the matter. Due to the early stage of this matter and uncertainties related to class certification and potential amounts to be claimed by the class, PLDT is unable to determine if any liability will arise or estimate the range of any potential liability. The Company plans to vigorously defend against the allegations. Other disclosures required by IAS 37 , Provisions, Contingent Liabilities and Contingent Assets , were not provided as it may prejudice our position in on-going claims, litigations and assessments. See Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Provision for legal contingencies and tax assessments .

Financial Assets and Liabilitie

Financial Assets and Liabilities	12 Months Ended
	Dec. 31, 2022
Disclosure Of Financial Assets And Liabilities [Abstract]
Financial Assets and Liabilities	28. Financial Assets and Liabilities We have various financial assets such as trade and non-trade receivables, cash and short-term deposits. Our principal financial liabilities, other than derivatives, comprise of bank loans, lease liabilities, trade and non-trade payables. The main purpose of these financial liabilities is to finance our operations. We also enter into derivative transactions, primarily principal only-currency swap agreements, interest rate swaps and forward foreign exchange contracts and options to manage the currency and interest rate risks arising from our operations and sources of financing. Our accounting policies in relation to derivatives are set out in Note 2 – Summary of Significant Accounting Policies – Financial Instruments . The following table sets forth our consolidated financial assets and financial liabilities as at December 31, 2022 and 2021: Financial instruments Financial Total (in million pesos) Assets as at December 31, 2022 Noncurrent: Financial assets at fair value through profit or loss — 432 432 Debt instruments at amortized cost – net of current portion 596 — 596 Derivative financial assets – net of current portion — 81 81 Other financial assets – net of current portion 3,489 (1) — 3,489 Current: Cash and cash equivalents 25,211 — 25,211 Short-term investments 129 254 (2) 383 Trade and other receivables 26,255 — 26,255 Current portion of other financial assets 206 (1) — 206 Total assets 55,886 767 56,653 Liabilities as at December 31, 2022 Noncurrent: Interest-bearing financial liabilities – net of current portion 217,288 — 217,288 Lease liabilities – net of current portion 31,958 — 31,958 Derivative financial liabilities – net of current portion — 190 190 Customers' deposits 2,313 — 2,313 Deferred credits and other noncurrent liabilities 363 — 363 Current: Accounts payable 101,107 — 101,107 Accrued expenses and other current liabilities 74,227 — 74,227 Current portion of interest-bearing financial liabilities 32,292 — 32,292 Current portion of lease liabilities 10,477 — 10,477 Dividends payable 1,821 — 1,821 Current portion of derivative financial liabilities — 960 960 Liabilities associated with assets classified as held-for-sale 1,668 — 1,668 Total liabilities 473,514 1,150 474,664 Net assets (liabilities) ( 417,628 ) ( 383 ) ( 418,011 ) (1) Includes refundable deposits and notes receivables. (2) Includes investments in the funds of Credit Suisse and Julius Baer. In 2021, PLDT withdrew US$ 6.6 million from the Supply Chain Finance fund of Credit Suisse and impaired the remaining fund value of US$ 3.4 million. In November 2021, Smart invested US$ 5.0 million in the Focus Fixed Income Asia Defensive fund of Julius Baer. As at December 31, 2022, the fund’s value is US$ 4.5 million. Financial instruments Financial Total (in million pesos) Assets as at December 31, 2021 Noncurrent: Financial assets at fair value through profit or loss — 339 339 Debt instruments at amortized cost – net of current portion 400 — 400 Derivative financial assets – net of current portion — 48 48 Other financial assets – net of current portion 3,099 (1) — 3,099 Current: Cash and cash equivalents 23,907 — 23,907 Short-term investments 1,986 255 (2) 2,241 Trade and other receivables 21,790 — 21,790 Current portion of derivative financial assets — 93 93 Current portion of debt instruments at amortized cost 207 — 207 Current portion of other financial assets 208 (1) 6,856 (3) 7,064 Total assets 51,597 7,591 59,188 Liabilities as at December 31, 2021 Noncurrent: Interest-bearing financial liabilities – net of current portion 241,075 — 241,075 Lease liabilities – net of current portion 17,131 — 17,131 Derivative financial liabilities – net of current portion — 100 100 Customers' deposits 2,270 — 2,270 Deferred credits and other noncurrent liabilities 398 — 398 Current: Accounts payable 97,959 — 97,959 Accrued expenses and other current liabilities 76,377 7,842 84,219 Current portion of interest-bearing financial liabilities 11,482 — 11,482 Current portion of lease liabilities 4,555 — 4,555 Dividends payable 1,708 — 1,708 Current portion of derivative financial liabilities — 115 115 Total liabilities 452,955 8,057 461,012 Net assets (liabilities) ( 401,358 ) ( 466 ) ( 401,824 ) (1) Includes refundable deposits and notes receivables. (2) Includes investments in the funds of Credit Suisse and Julius Baer. PLDT withdrew US$ 6.6 million from the Supply Chain Finance fund of Credit Suisse in 2021. As at December 31, 2021, the fund’s value is US$ 3.4 million which was fully impaired as at year-end. In November 2021, Smart invested US$ 5.0 million in the Focus Fixed Income Asia Defensive fund of Julius Baer. As at December 31, 2021, the fund’s value is US$ 5.02 million. (3) Includes RCBC Redemption Trust Account. See Note 20 – Equity – Redemption of Preferred Stock. The following table sets forth our consolidated offsetting of financial assets and liabilities recognized as at December 31, 2022 and 2021: Gross amounts Gross amounts of Net amount (in million pesos) December 31, 2022 Current Financial Assets Trade and other receivables Foreign administrations 5,160 4,236 924 Domestic carriers 492 197 295 Total 5,652 4,433 1,219 Current Financial Liabilities Accounts payable Suppliers and contractors 80,769 44 80,725 Carriers and other customers 22,660 2,548 20,112 Total 103,429 2,592 100,837 December 31, 2021 Current Financial Assets Trade and other receivables Foreign administrations 6,916 5,696 1,220 Domestic carriers 507 280 227 Total 7,423 5,976 1,447 Current Financial Liabilities Accounts payable Suppliers and contractors 85,912 9 85,903 Carriers and other customers 15,349 3,493 11,855 Total 101,261 3,502 97,759 There are no financial instruments subject to an enforceable master netting arrangement as at December 31, 2022 and 2021. The following table sets forth our consolidated carrying values and estimated fair values of our financial assets and liabilities recognized as at December 31, 2022 and 2021 other than those whose carrying amounts are reasonable approximations of fair values: Carrying Value Fair Value 2022 2021 2022 2021 (in million pesos) Noncurrent Financial Assets Debt instruments at amortized cost 596 400 573 403 Other financial assets – net of current portion 3,489 3,099 3,278 2,664 Total 4,085 3,499 3,851 3,067 Noncurrent Financial Liabilities Interest-bearing financial liabilities: Long-term debt – net of current portion 217,288 241,075 201,703 242,545 Customers' deposits 2,313 2,270 1,449 1,619 Deferred credits and other noncurrent liabilities 363 398 307 404 Total 219,964 243,743 203,459 244,568 Below is the list of our consolidated financial assets and liabilities carried at fair value that are classified using a fair value hierarchy as required for our complete sets of consolidated financial statements as at December 31, 2022 and 2021. This classification provides a reasonable basis to illustrate the nature and extent of risks associated with those financial statements. 2022 2021 Level 1 (1) Level 2 (2) Level 3 (3) Total Level 1 (1) Level 2 (2) Level 3 (3) Total (in million pesos) Noncurrent Financial Assets Financial assets at FVPL — 407 25 432 — 315 24 339 Derivative financial assets — 81 — 81 — 48 — 48 Current Financial Assets Short-term investments — 254 — 254 — 255 — 255 Current portion of derivative — — — — — 93 — 93 Current portion of other — — — — — 6,856 — 6,856 Total — 742 25 767 — 7,567 24 7,591 Noncurrent Financial Liabilities Derivative financial liabilities — 190 — 190 — 100 — 100 Current Financial Liabilities Accrued expenses and other — — — — — 7,842 — 7,842 Current portion of derivative — 960 — 960 — 115 — 115 Total — 1,150 — 1,150 — 8,057 — 8,057 (1) Fair values determined using observable market inputs that reflect quoted prices in active markets for identical assets or liabilities. (2) Fair values determined using inputs other than quoted market prices that are either directly or indirectly observable for the assets or liabilities. (3) Fair values determined using discounted values of future cash flows for the assets or liabilities. As at December 31, 2022 and 2021, there were no transfers into and out of Level 3 fair value measurements. As at December 31, 2022 and 2021, there were no transfers between Level 1 and Level 2 fair value measurements. The following methods and assumptions were used to estimate the fair value of each class of financial instrument for which it is practicable to estimate such value: Long-term financial assets and liabilities: Fair value is based on the following: Type Fair Value Assumptions Fair Value Hierarchy Noncurrent portion of advances and Estimated fair value is based on the discounted values of future cash flows using the applicable zero-coupon rates plus counterparties’ credit spread. Level 3 Fixed rate loans: U.S. Dollar notes Quoted market price. Level 1 Investment in debt securities Fair values were determined using quoted prices. Level 1 Other loans in all other currencies Estimated fair value is based on the discounted value of future cash flows using the applicable Commercial Interest Reference Rate and BVAL rates for similar types of loans plus PLDT’s credit spread. Level 3 Variable rate loans The carrying value approximates fair value because of recent and regular repricing based on market Level 2 Derivative Financial Instruments Forward foreign exchange contracts, foreign currency swaps, foreign currency options and interest rate swaps: The fair values were computed as the present value of estimated future cash flows using market U.S. Dollar and Philippine Peso interest rates as at valuation date. The valuation techniques considered various inputs including the credit quality of counterparties. Due to the short-term nature of the transactions, the fair value of cash and cash equivalents, short-term investments, trade and other receivables, accounts payable, accrued expenses and other current liabilities and dividends payable approximate their carrying values as at the end of the reporting period. Our derivative financial instruments are accounted for as either cash flow hedges or transactions not designated as hedges. Cash flow hedges refer to those transactions that hedge our exposure to variability in cash flows attributable to a particular risk associated with a recognized financial asset or liability and exposures arising from forecast transactions. Changes in the fair value of these instruments representing effective hedges are recognized directly in other comprehensive income until the hedged item is recognized in our consolidated income statement. For transactions that are not designated as hedges, any gains or losses arising from the changes in fair value are recognized directly to income for the period. As at December 31, 2022 and 2021, we have taken into account the counterparties’ credit risks (for derivative assets) and our own non-performance risk (for derivative liabilities) and have included a credit or debit valuation adjustment, as appropriate, by assessing the maximum credit exposure and taking into account market-based inputs which considers the risk of default occurring and corresponding losses once the default event occurs. The changes in counterparty credit risk had no material effect on the hedge effectiveness assessment for derivatives designated in hedge relationships and other financial instruments recognized at fair value. The table below sets out the information about our consolidated derivative financial instruments as at December 31, 2022 and 2021: 2022 2021 Original Trade Date Underlying Termination Weighted Weighted Notional Net Notional Net (in millions) (in millions) (in millions) Transactions not designated as hedges: PLDT Forward foreign exchange contracts US$ 257 Various dates in U.S. Dollar Liabilities Various dates in — Php 57.16 US$ 257 ( 353 ) US$ 69 17 US$ 96 Various dates in U.S. Dollar Liabilities Various dates in February — Php 54.97 — — — — Forward exchange options US$ 6 Various dates in U.S. Dollar Liabilities Various dates in April and — Php 50.80 — — US$ 6 ( 2 ) Foreign exchange options seagull (a) US$ 7 June 10, 2022 U.S. Dollar Liabilities January 9, 2023 — Php 52.64 7 ( 7 ) 4 ( 1 ) — Php 52.96 — — — — — Php 54.00 — — — — ( 360 ) 14 Smart Forward foreign exchange contracts US$ 332 Various dates in U.S. Dollar Liabilities Various dates in 2021 — Php 49.03 — — — — US$ 369 Various dates in U.S. Dollar Liabilities Various dates in January 2022 — Php 57.08 US$ 369 ( 481 ) US$ 116 40 US$ 157 Various dates in U.S. Dollar Liabilities Various dates in February — Php 54.93 — — — — Subsidized forwards (b) US$ 52 Various dates in U.S. Dollar Liabilities Various dates in April — Php 50.38 — — — — — Php 51.65 — — US$ 2 ( 1 ) Foreign exchange options seagull (c) US$ 71 Various dates in June 2022 U.S. Dollar Liabilities Various dates in October 2022 — Php 52.82 — — — — — Php 53.37 — — — — — Php 54.46 US$ 37 ( 40 ) US$ 3 ( 2 ) ( 521 ) 37 ( 881 ) 51 Transactions designated as hedges: PLDT Interest rate swaps (d) US$ 150 April and June 2015 200 Term Loan February 25, 2022 2.70 % — — — US$ 11 ( 5 ) Long-term currency swaps (e) US$ 27 November 2018 200 MUFG Bank, Ltd. February 25, 2022 2.15 % Php 50.78 — — US$ 5 2 Long-term foreign currency options (f) US$ 290 Various dates in 300M Notes 2031 January 23, 2031 1.20 % Php 49.61 55.28 US$ 290 ( 265 ) US$ 290 ( 175 ) ( 265 ) ( 178 ) Smart Interest rate swaps (g) US$ 30 February 2016 100 Mizuho December 7, 2021 2.03 % — — — — — Long-term currency swaps (h) US$ 6 February 2019 100 Mizuho December 7, 2021 2.22 % Php 51.83 — — — — US$ 6 August 2020 100 Mizuho December 7, 2022 1.99 % Php 48.64 — — US$ 3 9 Php 48.00 Long-term foreign currency options (i) US$ 109 February to April 2021 140 PNB December 13, 2030 1.63 % Php 53.34 US$ 88 77 US$ 99 44 77 53 ( 188 ) ( 125 ) ( 1,069 ) ( 74 ) (a) If the Philippine Peso to U.S. dollar spot exchange rate on fixing date settles between Php 52.96 to Php 54.00 , PLDT will purchase the U.S. Dollar for Php 52.96 . However, if on maturity, the exchange rate settles above Php 54.00 , PLDT will purchase the U.S. Dollar for Php52.96 plus the excess above Php 54.00 , and if the exchange rate is lower than Php 52.96 , PLDT will purchase the U.S. Dollar at the prevailing Philippine peso to U.S. Dollar spot exchange rate, subject to a floor of Php 52.64 . (b) If the Philippine Peso to U.S. Dollar spot exchange rate on fixing date settles above Php 51.65 , Smart will purchase the U.S. Dollar for Php50.38 plus the excess above Php 51.65 , and if the exchange rate is at or lower than Php 51.65 , Smart will purchase the U.S. Dollar at Php 50.38 . (c) If the Philippine Peso to U.S. Dollar spot exchange rate on fixing date settles between Php 53.37 to Php 54.46 , Smart will purchase the U.S. Dollar for Php 53.37 . However, if on maturity, the exchange rate settles above Php 54.46 , Smart will purchase the U.S. Dollar for Php53.37 plus the excess above Php 54.46 , and if the exchange rate is lower than Php 53.37 , Smart will purchase the U.S. Dollar at the prevailing Philippine Peso to U.S. Dollar spot exchange rate, subject to a floor of Php 52.82 . (d) PLDT’s interest rate swap agreements outstanding as at December 31, 2022 and 2021 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. The mark-to-market losses amounting to nil and Php 1 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2022 and 2021, respectively. Interest accrual on the interest rate swaps amounting to nil and Php 3 million were recorded as at December 31, 2022 and 2021, respectively. There were no ineffective portion in the fair value recognized in our consolidated income statements for the years ended December 31, 2022, 2021 and 2020. (e) PLDT’s long-term principal only-currency swap agreements outstanding as at December 31, 2022 and 2021 were designated as cash flow hedges, wherein effective portion of the movements in the fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. The mark-to-market gains amounting to nil and Php 4 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2022 and 2021, respectively. Hedge cost accrual on the long-term principal only-currency swaps amounting to nil and Php 2 million were recognized as at December 31, 2022 and 2021, respectively. The amounts recognized as other comprehensive income are transferred to profit or loss when the hedged loan is revalued for changes in the foreign exchange rate. The hedge cost portion of the movements in the fair value amounting to nil , Php 0.5 million and Php 2 million were recognized in our consolidated income statements for the years ended December 31, 2022, 2021 and 2020, respectively. (f) PLDT’s long-term foreign currency option agreements outstanding as at December 31, 2022 and 2021 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. Settlement of the foreign currency option agreements will depend on the spot exchange rate on the fixing date. If the Philippine peso to U.S. dollar spot exchange rate on fixing date is between Php 49.61 and Php 55.28 , PLDT will purchase the U.S. dollar at Php 49.61 . However, if on fixing date, the exchange rate is beyond Php 55.28 , PLDT will purchase the U.S. dollar at the prevailing Philippine peso to U.S. dollar spot exchange rate minus a subsidy of Php 5.67 , and if the exchange rate is lower than Php 49.61 , PLDT will purchase the U.S. dollar at the prevailing Philippine peso to U.S. dollar spot exchange rate. The mark-to-market losses amounting to Php 190 million and Php 100 million were recognized in our consolidated statement of other comprehensive income as at December 31, 2022 and 2021, respectively. Hedge cost accrual on the long-term foreign currency option agreements amounting to Php 75 million each was recognized as at December 31, 2022 and 2021. The intrinsic value of the long-term foreign currency options recognized as other comprehensive income are transferred to profit or loss when the hedged loan is revalued for changes in the foreign exchange rate. The hedge cost portion of the movements in the fair value amounting to Php 4 million, Php 89 million and Php 26 million were recognized in our consolidated income statement for the years ended December 31, 2022, 2021 and 2020, respectively. (g) Smart’s interest rate swap agreements outstanding as at December 31, 2022 and 2021 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. The mark-to-market losses amounting to nil was recognized in our consolidated statements of other comprehensive income as at December 31, 2022 and 2021. Interest accrual amounting to nil was recognized as at December 31, 2022 and 2021. There were no ineffective portion in the fair value recognized in our consolidated income statements for the years ended December 31, 2022, 2021 and 2020. (h) Smart’s long-term principal only-currency swap agreements outstanding as at December 31, 2022 and 2021 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. The mark-to-market gains amounting to nil and Php 8 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2022 and 2021, respectively. Hedge cost accrual on the long-term principal only-currency swaps amounting to nil and Php 201 thousand were recognized as at December 31, 2022 and 2021, respectively. The amounts recognized as other comprehensive income are transferred to profit or loss when the hedged loan is revalued for changes in the foreign exchange rate. The hedge cost portions of the movements in the fair value amounting to nil , Php 309 thousand and Php 1 million were recognized in our consolidated income statements for the years ended December 31, 2022, 2021 and 2020, respectively. (i) Smart’s long-term foreign currency option agreements outstanding as at December 31, 2022 and 2021 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. Settlement of the foreign currency option agreements will depend on the spot exchange rate on the fixing date. If the Philippine Peso to U.S. Dollar spot exchange rate on fixing date is between Php 48.00 and Php 53.34 , Smart will purchase the U.S. Dollar at Php 48.00 . However, if on fixing date the exchange rate is beyond Php 53.34 , Smart will purchase the U.S. Dollar at the prevailing Philippine Peso to U.S. Dollar spot exchange rate minus a subsidy of Php 5.34 , and if the exchange rate is lower than Php 48.00 , Smart will purchase the U.S. Dollar at the prevailing Philippine Peso to U.S. Dollar spot exchange rate. The mark-to-market gains amounting to Php 81 million and Php 48 million were recognized in our consolidated statement of other comprehensive income as at December 31, 2022 and 2021, respectively. Hedge cost accrual on the long-term foreign currency option agreements amounting to Php 3 million and Php 4 million were recognized as at December 31, 2022 and 2021, respectively. The intrinsic value of the long-term foreign currency options recognized as other comprehensive income are transferred to profit or loss when the hedged loan is revalued for changes in the foreign exchange rate. The hedge cost portion of the movements in the fair value amounting to Php 5 million and Php 8 million were recognized in our consolidated income statement for the years ended December 31, 2022 and 2021, respectively. Our derivative financial instruments as at December 31, 2022 and 2021 are presented in the statements of financial position as follows: 2022 2021 (in million pesos) Noncurrent assets 81 48 Current assets — 93 Noncurrent liabilities (Note 29) ( 190 ) ( 100 ) Current liabilities (Note 29) ( 960 ) ( 115 ) Net liabilities ( 1,069 ) ( 74 ) Movements of our consolidated mark-to-market gains (losses) for the years ended December 31, 2022 and 2021 are summarized as follows: 2022 2021 (in million pesos) Net mark-to-market losses at beginning of the year ( 74 ) ( 514 ) Gains on derivative financial instruments (Note 4) 2,572 1,651 Settlements and interest expense 1,135 ( 169 ) Effective portion recognized in the profit or loss for the cash flow hedges ( 77 ) ( 75 ) Net fair value losses on cash flow hedges charged to other comprehensive income ( 3,228 ) ( 967 ) Others ( 1,397 ) — Net mark-to-market losses at end of the year ( 1,069 ) ( 74 ) Our consolidated analysis of gains on derivative financial instruments for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Gains (losses) on derivative financial instruments (Note 4) 2,572 1,651 ( 284 ) Hedge costs ( 250 ) ( 251 ) ( 94 ) Net gains (losses) on derivative financial instruments (Notes 4 and 5) 2,322 1,400 ( 378 ) Financial Risk Management Objectives and Policies The main risks arising from our financial instruments are liquidity risk, foreign currency exchange risk, interest rate risk and credit risk. The importance of managing those risks has significantly increased in light of the considerable change and volatility in both the Philippine and international financial markets. Our Board of Directors reviews and approves policies for managing each of these risks, which are summarized below. We also monitor the market price risk arising from all financial instruments. Liquidity Risk Our exposure to liquidity risk refers to the risk that our financial requirements, working capital requirements and planned capital expenditures will not be met. We manage our liquidity profile to be able to finance our operations and capital expenditures, service our maturing debts and meet our other financial obligations. To cover our financing requirements, we use internally generated funds and proceeds from debt and equity issues and sales of certain assets. As part of our liquidity risk management program, we regularly evaluate our projected and actual cash flows, including our loan maturity profiles, and continuously assess conditions in the financial markets for opportunities to pursue fund-raising initiatives. These activities may include bank loans, export credit agency-guaranteed facilities, debt capital and equity market issues. Any excess funds are primarily invested in short-term and principal-protected bank products that provide flexibility of withdrawing the funds anytime. We also allocate a portion of our cash in longer tenor investments such as fixed income securities issued or guaranteed by the Republic of the Philippines, and Philippine banks and corporates and managed funds. We regularly evaluate available financial products and monitor market conditions for opportunities to enhance yields at acceptable risk levels. Our investments are also subject to certain restrictions contained in our debt covenants. Our funding arrangements are designed to keep an appropriate balance between equity and debt and to provide financing flexibility while enhancing our businesses. Our cash position remains sufficient to support our planned capital expenditure requirements and service our debt and financing obligations; however, we may be required to finance a portion of our future capital expenditures from external financing sources. We have cash and cash equivalents, and short-term investments amounting to Php 25,211 million and Php 383 million, respectively, as at December 31, 2022, which we can use to meet our short-term liquidity needs. See Note 16 – Cash and Cash Equivalents. The following table summarizes the maturity profile of our financial assets based on our consolidated undiscounted claims outstanding as at December 31, 2022 and 2021: Total Less than 1-3 years 3-5 years More than (in million pesos) December 31, 2022 Financial instruments at amortized cost: 53,604 48,929 3,740 852 83 Debt instruments at amortized cost 596 — 225 361 10 Other financial assets 4,285 206 3,515 491 73 Temporary cash investments 8,678 8,678 — — — Short-term investments 129 129 — — — Retail subscribers 17,216 17,216 — — — Corporate subscribers 15,151 15,151 — — — Foreign administrations 1,058 1,058 — — — Domestic carriers 296 296 — — — Dealers, agents and others 6,195 6,195 — — — Financial instruments at FVPL: 860 428 — — 432 Financial assets at fair value through profit or loss 432 — — — 432 Short-term investments 428 428 — — — Total 54,464 49,357 3,740 852 515 December 31, 2021 Financial instruments at amortized cost: 55,428 51,317 2,898 430 783 Debt instruments at amortized cost 607 207 100 — 300 Other financial assets 3,919 208 2,798 430 483 Temporary cash investments 13,291 13,291 — — — Short-term investments 1,986 1,986 — — — Retail subscribers 15,676 15,676 — — — Corporate subscribers 13,079 13,079 — — — Foreign administrations 1,341 1,341 — — — Domestic carriers 241 241 — — — Dealers, agents and others 5,288 5,288 — — — Financial instruments at FVPL: 7,624 7,285 — — 339 Financial assets at fair value through profit or loss 339 — — — 339 Other financial assets 6,856 6,856 — — — Short-term investments 429 429 — — — Total 63,052 58,602 2,898 430 1,122 The following table summarizes the maturity profile of our financial liabilities based on our consolidated contractual undiscounted obligations outstanding as at December 31, 2022 and 2021: Payments Due by Period Total Less than 1-3 years 3-5 years More than (in million pesos) December 31, 2022 Debt (1): 320,907 30,001 65,159 55,632 170,115 Principal 251,859 29,203 37,885 41,593 143,178 Interest 69,048 798 27,274 14,039 26,937 Lease obligations 62,216 14,658 13,504 10,591 23,463 Various trade and other obligations: 178,219 175,539 610 38 2,032 Suppliers and contractors 81,041 80,725 307 9 — Utilities and related expenses 63,613 63,609 4 — — Employee benefits 6,615 6,615 — — — Customers’ deposits 2,313 — 252 29 2,032 Carriers and other customers 1,745 1,745 — — — Dividends 1,821 1,821 — — — Others 21,071 21,024 47 — — Total contractual obligations 561,342 220,198 79,273 66,261 195,610 December 31, 2021 Debt (1): 331,933 7,681 77,865 53,026 193,361 Principal 255,414 7,649 48,404 37,552 161,809 Interest 76,519 32 29,461 15,474 31,552 Lease obligations 30,770 11,609 9,004 4,523 5,634 Various trade and other obligations: 179,484 176,816 667 54 1,947 Suppliers and contractors 86,203 85,903 292 8 — Utilities and related expenses 62,989 62,988 1 — — Employee benefits 9,090 9,090 — — — Liability from redemption of preferred shares 7,842 7,842 — — — Customers’ deposits 2,270 — 277 46 1,947 Dividends 1,708 1,708 — — — Carriers and other customers 1,469 1,469 — — — Others 7,913 7,816 97 — — Total contractual obligations 542,187 196,106 87,536 57,603 200,942 (1) Consists of long-term and short-term debts, including current portion, gross of unamortized debt discount/premium and debt issuance costs. Debt See Note 21 – Interest-bearing Financial Liabilities – Long-term Debt for a detailed discussion of our debt. Our consolidated future minimum lease commitments payable with non-cancellable leases as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Within one year 14,658 11,609 After one year but not more than five years 24,095 13,527 More than five years 23,463 5,634 Total 62,216 30,770 Various Trade and Other Obligations PLDT Group has various obligations to suppliers for the acquisition of phone and network equipment, contractors for services rendered on various projects, foreign administrations and domestic carriers for the access charges, shareholders for unpaid dividends distributions, employees for benefits and other related obligations, and various business and operational related agreements. Total obligations under these various agreements amounted to approximately Php 178,219 million and Php 179,484 million as at December 31, 2022 and 2021, respectively. See Note 23 – Accounts Payable and Note 24 – Accrued Expenses and Other Current Liabilities . Commercial Commitments During the last quarter of 2022 up to the first quarter of 2023, discussions were conducted with our major vendors representing more than 80 % of our capital expenditure requirements, regarding the status of capital expenditure commitments and related outstanding balances covering 2022 and prior years. These discussions resulted in certain purchase orders being validly cancelled or revised pursuant to a number of Settlement and Mutual Release Agreements, or SMRAs, signed between us and the vendors on or prior to March 23, 2023, taking into consideration our program priorities and current business requirements. The financial impact of the signing of the SMRAs will be reflected in our consolidated financial statements as they occur. As a result of the signing of the SMRAs, our remaining significant commitment in respect of major capital expenditure vendors amounted to about Php 33,000 million, net of advances paid to these vendors, as at March 23, 2023. For other capital expenditure vendors, we will engage in similar discussions with such vendors to achieve similar results. Any adjustments as a result of these discussions shall be taken up in our 2023 financial statements. We have no outstanding commercial commitments, in the form of letters of credit, as at December 31, 2022 and 2021. Collateral There are no pledges as collaterals with respect to our financial liabilities as at December 31, 2022 and 2021. Foreign Currency Exchange Risk Foreign currency exchange risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The revaluation of ou

Notes to the Statements of Cash

Notes to the Statements of Cash Flows	12 Months Ended
	Dec. 31, 2022
Notes To The Statements Of Cash Flows [Abstract]
Notes to the Statements of Cash Flows	29. Notes to the Statements of Cash Flows The following table shows the changes in liabilities arising from financing activities as at December 31, 2022 and 2021: January 1, Cash flows Foreign Others December 31, (in million pesos) Interest-bearing financial liabilities (Note 21) 252,557 ( 7,405 ) 3,778 650 249,580 Lease liabilities (Notes 3 and 10) 21,686 ( 8,331 ) — 29,080 42,435 Derivative financial liabilities 215 87 — 848 1,150 Accrued interests and other related costs (Note 24) 1,783 ( 9,013 ) — 9,098 1,868 Dividends (Note 20) 1,708 ( 25,235 ) — 25,348 1,821 277,949 ( 49,897 ) 3,778 65,024 296,854 January 1, Cash flows Foreign Others December 31, (in million pesos) Interest-bearing financial liabilities (Note 21) 222,765 28,538 2,440 ( 1,186 ) 252,557 Lease liabilities (Notes 3 and 10) 20,025 ( 6,547 ) — 8,208 21,686 Derivative financial liabilities 536 ( 25 ) — ( 296 ) 215 Accrued interests and other related costs (Note 24) 1,872 ( 8,922 ) — 8,833 1,783 Dividends (Note 20) 1,194 ( 17,712 ) — 18,226 1,708 246,392 ( 4,668 ) 2,440 33,785 277,949 Others include the effect of accretion of long-term borrowings, effect of recognition and accretion of lease liabilities, effect of accrued but not yet paid interest on interest-bearing loans and borrowings and accrual of dividends that were not yet paid at the end of the period. Non-cash Investing Activities The following table shows our significant non-cash investing activities and corresponding transaction amounts as at December 31, 2022 and 2021: 2022 2021 (in million pesos) Additions to ROU assets (Note 10) 34,274 7,314 Acquisition of property and equipment on account 14,948 23,522 Capitalization to property and equipment of: Inventories 6,517 5,989 Borrowing costs (Notes 5 and 9) 1,748 1,582 Foreign exchange differences – net (Note 9) 351 29 57,838 38,436 Non-cash Financing Activities The following table shows our significant non-cash financing activities and corresponding transaction amounts as at December 31, 2022 and 2021: 2022 2021 (in million pesos) Additions to lease liabilities (Note 10) 34,277 7,314

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Significant Accounting Policies [Abstract]
Basis of Preparation	Basis of Preparation Our consolidated financial statements have been prepared in accordance with International Financial Reporting Standards, or IFRSs, as issued by the International Accounting Standards Board, or IASB. Our consolidated financial statements have been prepared under the historical cost basis, except for financial instruments at fair value through profit or loss, or FVPL, and investment properties that are measured at fair values. Our consolidated financial statements are presented in Philippine Peso, PLDT’s functional currency, and all values are rounded to the nearest million, except when otherwise indicated. Our consolidated financial statements provide comparative information in respect of the previous period.
Basis of Consolidation	Basis of Consolidation Our consolidated financial statements include the financial statements of PLDT and the following subsidiaries (collectively, the “PLDT Group”) as at December 31, 2022 and 2021: 2022 2021 Place of Percentage of Ownership Name of Subsidiary Incorporation Principal Business Activity Direct Indirect Direct Indirect Wireless Smart: Philippines Cellular mobile services 100.0 — 100.0 — Smart Broadband, Inc., or SBI, and Subsidiary Philippines Internet broadband distribution services — 100.0 — 100.0 Primeworld Digital Systems, Inc., or PDSI Philippines Internet broadband distribution services — 100.0 — 100.0 I-Contacts Corporation Philippines Operations support servicing business — 100.0 — 100.0 Far East Capital Limited, or FECL (a) Cayman Islands Cost effective offshore financing and risk — 100.0 — 100.0 PH Communications Holdings Corporation Philippines Investment company — 100.0 — 100.0 Connectivity Unlimited Resource Enterprise Philippines Cellular mobile services — 100.0 — 100.0 Francom Holdings, Inc. Philippines Investment company — 100.0 — 100.0 Chikka Holdings Limited, or Chikka, and Subsidiaries, or Chikka Group (a) British Virgin Islands Content provider, mobile applications development and services — 100.0 — 100.0 Wifun, Inc. Philippines Software developer and selling of WiFi access equipment — 100.0 — 100.0 PLDT Global, Inc. (b) Philippines Cross-border digital platforms and other allied services 100.0 — 100.0 — ACeS Philippines Cellular Satellite Corporation, or ACeS Philippines (a) Philippines Satellite information and messaging services 88.5 11.5 88.5 11.5 Digitel Mobile Philippines, Inc., or DMPI, (a wholly-owned subsidiary of Digitel) Philippines Cellular mobile services — 99.6 — 99.6 Fixed Line PLDT Clark Telecom, Inc., or ClarkTel Philippines Telecommunications services 100.0 — 100.0 — PLDT Subic Telecom, Inc., or SubicTel Philippines Telecommunications services 100.0 — 100.0 — PLDT Global Corporation, or PLDT Global, and Subsidiaries British Virgin Islands Telecommunications services 100.0 — 100.0 — Smart-NTT Multimedia, Inc. (a) Philippines Data and network services 100.0 — 100.0 — PLDT-Philcom, Inc., or Philcom, and Subsidiaries, or Philcom Group Philippines Telecommunications services 100.0 — 100.0 — Talas Data Intelligence, Inc. Philippines Business infrastructure and solutions; intelligent data 100.0 — 100.0 — Multisys Technologies Corporation, or Multisys (c) Philippines Software development and IT solutions services — 50.7 — — (a) Ceased commercial operations. (b) On June 30, 2021, the Philippine SEC approved the amendment of Telesat, Inc.’s Articles of Incorporation, resulting to the adoption of (i) a new corporate name —“PLDT Global Inc.”; and (ii) a revised primary purpose stating that the Company will now be in the business of providing various cross-border digital platforms and other allied services for global customers, especially for overseas/offshore Filipinos. (c) On July 29, 2022, PLDT Global Investments Holdings, Inc., or PGIH, acquired additional 227 common shares of Multisys, thereby increasing its ownership from 45.73 % to 50.72 %. 2022 2021 Place of Percentage of Ownership Name of Subsidiary Incorporation Principal Business Activity Direct Indirect Direct Indirect ePLDT, Inc., or ePLDT: Philippines Information and communications infrastructure for 100.0 — 100.0 — IP Converge Data Services, Inc., or IPCDSI, and Subsidiary, or IPCDSI Group Philippines Information and communications infrastructure for — 100.0 — 100.0 Curo Teknika, Inc., or Curo Philippines Managed IT outsourcing — 100.0 — 100.0 ABM Global Solutions, Inc., or AGS, and Subsidiaries, or AGS Group (a) Philippines Internet-based purchasing, IT consulting and professional services — 100.0 — 100.0 ePDS, Inc., or ePDS (a) Philippines Bills printing and other related value-added services, or VAS — 100.0 — 100.0 netGames, Inc. (a) Philippines Gaming support services — 57.5 — 57.5 MVP Rewards Loyalty Solutions, Inc., or MRSI (a) Philippines Full-services customer rewards and loyalty programs — 100.0 — 100.0 VITRO, Inc., or Vitro (d) Philippines Information and communications infrastructure for — 100.0 — — Digitel Philippines Telecommunications services 99.6 — 99.6 — Digitel Information Technology Services, Inc. (a) Philippines Internet services — 99.6 — 99.6 PLDT-Maratel, Inc., or Maratel Philippines Telecommunications services 98.0 — 98.0 — Bonifacio Communications Corporation, or BCC Philippines Telecommunications, infrastructure and related VAS 75.0 — 75.0 — Pacific Global One Aviation Company, Inc., or PG1 (e) Philippines Air transportation business — — 65.3 — Pilipinas Global Network Limited, or PGNL, and Subsidiaries British Virgin Islands International distributor of Filipino channels and content 64.6 — 64.6 — Others PGIH Philippines Investment company 100.0 — 100.0 — PLDT Digital Investments Pte. Ltd., or PLDT Digital, and Subsidiaries Singapore Investment company 100.0 — 100.0 — Mabuhay Investments Corporation, or MIC (f) Philippines Investment company 67.0 — 67.0 — PLDT Global Investments Corporation, or PGIC (g) British Virgin Islands Investment company — — — 100.0 PLDT Communications and Energy Ventures, Inc., or PCEV Philippines Investment company — 99.9 — 99.9 (d) On February 2, 2022, the Philippine SEC appro On March 16, 2023, PLDT entered into ved the incorporation of Vitro, a wholly-owned subsidiary of ePLDT. (e) On February 28, 2022, PLDT signed a of Deed of Assignment and other related agreements, under which other investors acquired a total of Php 44.7 million worth of 65.3 % to 47.6 %. Consequently, PLDT accounted for its remaining interest in PG1 as an investment in associate. (f) Ceased commercial operations. On August 9, 2022, the Philippine SEC approved MIC's application for amendment of its Articles of Incorporation to shorten its corporate term until September 30, 2023. (g) PGIC is a wholly-owned subsidiary of PG1 after the execution on March 31, 2022 of Instrument of Transfer between PLDT Global (the former parent company of PGIC) and PG1 of the ordinary shares Subsidiaries are fully consolidated from the date of acquisition, being the date on which PLDT obtains control, and continue to be consolidated until the date that such control ceases. We control an investee when we are exposed, or have rights, to variable returns from our involvement with the investee and when we have the ability to affect those returns through our power over the investee. The financial statements of our subsidiaries are prepared for the same reporting period as PLDT. We prepare our consolidated financial statements using uniform accounting policies for like transactions and other events with similar circumstances. Profit or loss and each component of other comprehensive income are attributed to the equity holders of PLDT and to the noncontrolling interests, even if this results in the noncontrolling interests having a deficit balance. A change in the ownership interest of a subsidiary, without loss of control, is accounted for as an equity transaction and impact is presented as part of other equity reserves. If PLDT loses control over a subsidiary, it: (a) derecognizes the assets (including goodwill) and liabilities of the subsidiary; (b) derecognizes the carrying amount of any noncontrolling interest; (c) derecognizes the cumulative translation differences recorded in equity; (d) recognizes the fair value of the consideration received; (e) recognizes the fair value of any investment retained; (f) recognizes any surplus or deficit in profit or loss; and (g) reclassifies the Parent Company’s share of components previously recognized in other comprehensive income to profit or loss or retained earnings, as appropriate. Corona Virus, or COVID-19, Pandemic On March 8, 2020, Presidential Proclamation No. 922 was issued, declaring a State of Public Health Emergency throughout the Philippines due to COVID-19. In a move to contain the COVID-19 pandemic, on March 12, 2020, the Office of the President of the Philippines issued a memorandum directive to impose stringent social distancing measures in the National Capital Region, or NCR, effective March 15, 2020. On March 16, 2020, Presidential Proclamation No. 929 was issued, declaring a State of Calamity throughout the Philippines for a period of six months from March 17, 2020 (at midnight), unless earlier lifted or extended as circumstances may warrant, and imposed an enhanced community quarantine, or ECQ, throughout the island of Luzon until April 12, 2020, unless earlier lifted or extended as circumstances may warrant. On March 24, 2020, Republic Act No. 11469, otherwise known as the “Bayanihan to Heal As One Act”, was signed into law, declaring a state of national emergency over the entire country, and authorizing the President of the Philippines to exercise certain powers necessary to address the COVID-19 pandemic. On April 7, 2020, the Office of the President of the Philippines released a memorandum extending the ECQ over the entire Luzon island until April 30, 2020. On May 1, 2020, the Government further extended the ECQ over, among others, certain portions of Luzon, including Metro Manila, until May 15, 2020, while easing restrictions in other parts of the country. On May 11, 2020, the Inter-Agency Task Force for the Management of Emerging Infectious Diseases, or IATF, placed high-risk local government units under modified ECQ, or MECQ, from May 16, 2020 until May 31, 2020, where certain industries were allowed to operate under strict compliance with minimum safety standards and protocols. On May 27, 2020, the IATF reclassified various provinces, Highly Urbanized Cities, or HUCs, and independent component cities, or ICCs, depending on the risk-level. Meanwhile, on May 28, 2020, the Government placed Metro Manila under general community quarantine, or GCQ, allowing for the partial reopening of certain businesses and public transportation while continuing to limit general movements. Pursuant to the declaration of the President on August 2, 2020, the NCR and the provinces of Laguna, Cavite, Rizal and Bulacan were placed under MECQ from August 4, 2020 until August 18, 2020. On August 17, 2020, the President placed Metro Manila, Bulacan, Cavite, Rizal, Nueva Ecija, Batangas, Quezon Province, Iloilo City, Cebu City, Lapu-Lapu City, Mandaue City, Talisay City, the municipalities of Minglanilla and Consolacion in Cebu under GCQ. The rest of the country was placed under modified GCQ, or MGCQ, effective August 19, 2020. The period of GCQ for Metro Manila was extended until November 30, 2020. On December 1, 2020, by order of the President, the Executive Secretary issued a Memorandum, advising that the President, taking into consideration the recommendation of the IATF, had approved the community quarantine classification of provinces, HUCs, and ICCs from December 1 to 31, 2020 as indicated therein. Under said Memorandum, all HUCs of the NCR, the Municipality of Pateros, Batangas, Iloilo City, Tacloban City, Iligan City, Lanao del Sur Province, Davao City and Davao del Norte Province were placed under GCQ, while the rest of the areas listed thereunder were placed under MGCQ, without prejudice to the declaration of localized ECQ in critical areas. On September 15, 2020, Republic Act No. 11494 or the “Bayanihan to Recover As One Act” took effect, providing for COVID-19 response and recovery interventions and providing mechanisms to accelerate the recovery and bolster the resiliency of the Philippine economy, providing funds therefore and for other purposes. Apart from authorizing the President to exercise powers necessary to undertake certain COVID-19 response and recovery interventions, Republic Act No. 11494 also affirmed the existence of a continuing national emergency, in view of unabated spread of the COVID-19 virus and the ensuing economic disruption therefrom. On September 16, 2020, Presidential Proclamation No. 1021 was issued, extending the State of Calamity throughout the Philippines due to COVID-19 for a period of one-year effective September 13, 2020 to September 12, 2021, unless earlier lifted or extended as circumstances may warrant. On September 3, 2021, the IATF approved the shift in the policy in classifying provinces, HUC, and ICCs for purposes of community quarantine, wherein the new classification framework focuses on the imposition of granular lockdown measures and having an alert-level system (alert level 1 to 4), with each alert level limiting restrictions only to identified high-risk activities. The National Capital Region was designated as the pilot area of implementation, effective September 16, 2021. Effective October 20, 2021, the pilot area of implementation of the alert level systems was expanded to selected provinces, HUCs and ICCs outside of NCR. On November 11, 2021, the President issued Executive Order No. 151, Series of 2021, approving the nationwide implementation of the Alert Level System for COVID-19 Response. On March 24, 2022, the IATF, through IATF Resolution No. 165, Series of 2022, adopted the policy of including component cities and municipalities in the Alert Level System for purposes of alert level classification. On September 12, 2022, President Ferdinand Marcos, Jr. issued Proclamation No. 57, s. 2022, further extending the declared state of calamity due to COVID-19 throughout the Philippines, effective September 13, 2022 to December 31, 2022, unless earlier lifted or extended as circumstances may warrant. On the same date, the Office of the President of the Philippines, through the Executive Secretary, issued Executive Order No. 3, Series of 2022, which, allowed the voluntary wearing of face masks in open spaces and non-crowded outdoor areas with good ventilation provided that not-fully vaccinated individuals, senior citizens and immunocompromised individuals are highly encouraged to wear their masks, and physical distancing will be observed at all times. Said Executive Order also provided that face masks shall continue to be worn in indoor private or public establishments, including in public transportation by land, air, or sea, and in outdoor settings where physical distancing cannot be maintained. On October 28, 2022, Executive Order No. 7, Series of 2022 was issued, repealing Executive Order No. 3, Series of 2022. Executive Order No. 7, Series of 2022 provides that the wearing of face masks in indoor and outdoor settings shall be voluntary except in the following settings: (a) Healthcare facilities, including, but not limited to, clinics, hospitals, laboratories, nursing homes and dialysis clinics; (b) Medical transport vehicles, such as ambulance and paramedic rescue vehicles, and (c) Public transportation by land, air or sea. Said Executive Order also provides that mask wearing is still encouraged for the elderly, individuals with comorbidities, immunocompromised individuals, pregnant women, unvaccinated individuals, and symptomatic individuals. It also provides that the minimum public health standards to effectively prevent and minimize the spread of COVID-19 in the country shall continue to be implemented consistent with the principles of shared accountability, evidence-based decision-making, socioeconomic equity and rights-based approach. These and other measures have affected and caused disruption to businesses and economic activities, and their impacts on businesses continue to evolve. See Leases, COVID-19 Related Rent Concessions , Note 3 – Estimating allowance for expected credit losses and Note 5 – Income and expenses – Contract balances . Precautionary measures at our stores such as provision for foot bath, regular sanitization and disinfection, temperature check, wearing of face masks and face shields, installation of commercial-grade air filters, and other observance of social distancing are in place. PLDT Home rolled out Call to Apply service, a virtual and convenient way to apply for a PLDT Home service, transact and talk to any PLDT Sales and Service Centers representatives, as well as the QR codes that directed customers to an online service application platform. In cases where our service teams need to enter customers’ homes or business premises, we have equipped them with protective gear such as face masks and gloves. Members of our service teams have also been trained in the proper health protocols for before, during, and after site visits, including maintaining proper social distances with customers at all times. We have implemented limited access to our corporate premises. We have allowed a hybrid of work-from-home and work on-site arrangements. To ensure minimal disruption to our operations, we have taken steps to ensure that employees working from home are properly equipped with the appropriate digital equipment, including internet connection. For the employees that work on-site, we have taken steps to try and minimize their risk of exposure to the COVID-19 disease. We have also rolled-out the vaccination program, which also covers booster doses, for our employees and their dependents and household members who were enrolled in the program. Total expenses related to our COVID-19 measures amounted to Php 450 million, Php 942 million and Php 903 million for the years ended December 31, 2022, 2021 and 2020, respectively. Sun Prepaid Rebranding to Smart Prepaid On October 21, 2020, Smart and DMPI entered into a Rebranding Agreement wherein Sun Prepaid subscribers were rebranded as Smart Prepaid subscribers. The brand consolidation under Smart aims to capitalize on Smart’s robust mobile data network to provide superior mobile data experience to all Sun subscribers and achieve cost efficiency in brand management. Post-rebranding, the ownership of Sun Prepaid subscribers remains under DMPI. Under the terms of the agreement, Smart will settle a fixed fee representing DMPI’s proportionate share on the distributed subscriber revenues. This transaction was eliminated in our consolidated financial statements. On April 25, 2022, the Sun Postpaid subscribers were also rebranded to Smart Postpaid subscribers. This aims to provide a better postpaid experience, access to the fastest mobile data network, bigger packages and the latest devices to all Sun subscribers. As a result of the rebranding, PLDT reassessed the useful life of the Sun Trademark arising from the acquisition of Digitel in 2011 amounting to Php 4,505 million. The Sun Trademark, which had been previously projected to be of continued use and accordingly estimated to be with indefinite life, was amortized over a period of 12 months starting August 2020. Total amortization of the Sun Trademark amounted to nil , Php 2,628 million and Php 1,877 million for the years ended December 31, 2022, 2021 and 2020, respectively. See Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Estimating useful lives of intangible assets with finite lives and Note 15 – Goodwill and Intangible Assets – Amortization of Sun Cellular Trademark . Sale of PLDT Prepaid HOME WiFi, or PHW, Subscribers to Smart On January 29, 2021, PLDT and Smart entered into a Sale/Purchase Agreement on the transfer of PLDT’s 748 thousand PHW subscribers to Smart to consolidate fixed wireless services under Smart in order to optimize shared resources for wireless broadband, have seamless upgrades and cross-selling of products for simplified customer experience and to better manage network costs and wireless network capacity. The agreement took effect on February 1, 2021 and the PHW subscribers were transferred on March 1, 2021 after complying with the NTC’s required 30 -day notice to subscribers. The initial purchase price for the transfer, together with the PHW inventories and unearned revenues, amounted to Php 1,455 million, exclusive of value-added tax. The transaction price was based on December 31, 2020 balances. The parties also agreed that any difference between these values as at December 31, 2020 and the values as of cut-off date would have to be confirmed between Smart and PLDT. The final purchase price amounted to Php 1,336 million, plus value-added tax, and was reviewed by an independent party, Isla Lipana & Co., an independent auditing firm, and confirmed to be made on an arm’s length basis. This transaction was eliminated in our consolidated financial statements. Loss of Control of PLDT over PG1 On February 28, 2022, PLDT signed a of Deed of Assignment under which investors led by Philex Mining Corporation, Metro Pacific Corporation, or MPIC, and Roxas Holdings, Inc. separately acquired a total of Php 44.7 million worth of equity interest of PG1 from PLDT. In addition, PG1 appointed a new director bringing the total number of directors to nine. As a result, PLDT’s ownership was diluted from 65.3 % to 47.6 % and retained four out of nine total board seats which resulted in a loss of control. Consequently, PLDT accounted for its remaining interest in PG1 as an investment in associate. A gain on deconsolidation amounting to Php 376.7 million was recognized as part of "Other Income (Expenses) – Net" in our consolidated income statement. See Note 11 – Investments in Associates and Joint Ventures – Investments in Associates – Investment in PG1 . Investment of PGIH in PCEV On March 22, 2022, the PGIH Board of Directors approved the investment of US$ 20 million in the common stock of PCEV at a subscription price of Php 13 thousand per share to participate in the growth of the Voyager business. On April 11, 2022, PGIH remitted US$ 20 million, or Php 1,031 million, to PCEV as deposit for future subscription pending the application of PCEV for capital increase with the Philippine SEC. Investment in Class C Convertible Preference Shares in Voyager Innovations Holdings Pte. Ltd., or VIH On April 7, 2022, PCEV participated in the new round of fundraise for VIH amounting to US$ 62 million. Leading the round was the new investor SIG Venture Capital. Also participating in the round were the other existing shareholders KKR, Tencent, IFC, IFC EAF and IFC Financial Institutions Growth Fund, as well as new investors including Singapore-based global investor EDBI and investment holding company, First Pacific. Thereafter, PCEV’s ownership in VIH was diluted from 38.45 % to 36.82 %. VIH raised US$ 210 million in new funds propelling VIH’s valuation to nearly US$ 1.4 billion. VIH used the fresh funds to support the launch and acceleration of digital banking services powered by Maya Bank and other new services such as crypto, to be seamlessly integrated and offered across Maya’s consumer and enterprise platforms. On August 12, 2022, a new investor signed a subscription agreement with VIH resulting in further dilution of PCEV's equity interest from 36.82 % to 36.63 %. See related disclosures on gain on dilution on Note 5 – Other Income (Expenses) . Smart Broadband, Inc.’s Franchise Extended for another 25 Years On April 8, 2022, the Philippine President approved Republic Act No. 11678, an act renewing for another 25 years the franchise granted to SBI. This allows SBI to continue constructing, installing, establishing, maintaining, leasing and operating wire and/or wireless telecommunication systems throughout the Philippines. SBI’s original franchise under Republic Act No. 8337 expired on November 11, 2022, and the renewal for another 25 years will expire on November 11, 2047. Acquisition of Additional Interest in Multisys Technologies Corporation, or Multisys On July 29, 2022, PGIH acquired additional 227 common shares of Multisys from the existing holder, representing a 4.99 % of interest, for a total consideration of Php 248 million, of which Php 100 million was paid on the same day. In August 2022, PGIH paid Php 136 million of the balance of the consideration. The remaining balance of Php 12 million is still outstanding as at December 31, 2022. As of and following this acquisition, PGIH owns 2,307 common shares representing 50.72 % equity interest in Multisys, which is considered a controlling interest, and in accordance with the Restated Shareholders’ Agreement that the parties signed on the same date, PGIH is entitled to nominate three out of the five directors in Multisys who shall manage and control the operation of Mutisys. Consequenty, the results of operations and financial position of Multisys are consolidated with the PLDT Group effective in the fourth quarter of 2022. See Note 11 – Investments in Associates and Joint Ventures – Investments in Associates – Acquisition of Additional Interest in Multisys/Business Combination. Proposed Acquisition of Sky Cable Corporation, or Sky On March 16, 2023, PLDT entered into a Sale and Purchase Agreement with Sky Vision Corporation, ABS-CBN Corporation and Lopez, Inc. for the proposed acquisition by PLDT of 100 % of Sky’s total issued and outstanding capital stock, for a total purchase price of Php 6,750 million. The closing of the transaction shall be subject to compliance with certain conditions precedent which include, among others, the termination or cessation of operations by Sky of its pay TV and cable businesses, obtaining all applicable government approvals and clearances, obtaining all required consents and corporate actions, and payment of the purchase price.
Amended Standards	Amended Standards The accounting policies adopted are consistent with those of the previous financial year, except that we have adopted the following amended standards starting January 1, 2022. • Amendments to International Accounting Standards, or IAS, 16, Property, Plant and Equipment, Proceeds Before Intended Use The amendments prohibit entities deducting from the cost of an item of property, plant and equipment, any proceeds from selling items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling such items, and the costs of producing those items, in profit or loss. The amendments have no material impact on our consolidated financial statements. • Amendments to IAS 37, Provisions, Contingent Liabilities and Contingent Assets, Onerous Contracts: Cost of Fulfilling a Contract The amendments specify which costs an entity needs to include when assessing whether a contract is onerous or loss-making. The amendments apply a “directly related cost approach”. The costs that relate directly to a contract to provide goods or services include both incremental costs and an allocation of costs directly related to contract activities. General and administrative costs do not relate directly to a contract and are excluded unless they are explicitly chargeable to the counterparty under the contract. We analyzed all contracts existing at January 1, 2022 and determined that none of them would be identified as onerous applying the provisions of the current standards. • Amendments to IFRS 3, Business Combinations, Reference to the Conceptual Framework The amendments are intended to replace a reference to the Framework for the Preparation and Presentation of Financial Statements, issued in 1989, with a reference to the Conceptual Framework for Financial Reporting issued in March 2018 without significantly changing its requirements. The amendments added an exception to the recognition principle of IFRS 3 to avoid the issue of potential ‘day 2’gains or losses arising for liabilities and contingent liabilities that would be within the scope of IAS 37 or International Financial Reporting Interpretations Committee 21, Levies , if incurred separately. At the same time, the amendments add a new paragraph to IFRS 3 to clarify that contingent assets do not qualify for recognition at the acquisition date. We do not have any identified contingent assets, hence these amendments have no material impact on our consolidated financial statements. Annual Improvements to IFRSs 2018-2020 Cycle • Amendments to IFRS 1, First-time Adoption of IFRS, Subsidiary as a first-time adopter The amendment permits a subsidiary that elects to apply paragraph D16(a) of IFRS 1 to measure cumulative translation differences using the amounts reported by the parent, based on the parent’s date of transition to IFRS. This amendment is also applied to an associate or joint venture that elects to apply paragraph D16(a) of IFRS 1. • Amendments to IFRS 9, Financial Instruments, Fees in the “10 percent” test for derecognition of financial liabilities The amendment clarifies the fees that an entity includes when assessing whether the terms of a new or modified financial liability are substantially different from the terms of the original financial liability. These fees include only those paid or received between the borrower and the lender, including fees paid or received by either the borrower or lender on the other’s behalf. • Amendments to IAS 41, Agriculture, Taxation in Fair Value Measurements The amendment removes the requirement in paragraph 22 of IAS 41 that entities exclude cash flows for taxation when measuring the fair value of assets within the scope of IAS 41. These amendments have no material impact on our consolidated financial statements.
Business Combinations and Goodwill	Business Combinations and Goodwill Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, measured at acquisition date fair value, and the amount of any noncontrolling interest in the acquiree. For each business combination, we elect whether to measure the components of the noncontrolling interest in the acquiree either at fair value or at the proportionate share of the acquiree’s identifiable net assets. Acquisition-related costs are expensed as incurred and included in selling, general and administrative expenses. When we acquire a business, we assess the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as at the acquisition date. This includes the separation of embedded derivatives in host contracts by the acquiree. If the business combination is achieved in stages, the previously held equity interest is remeasured at its acquisition date fair value and any resulting gain or loss is recognized in profit or loss. The fair value of previously held equity interest is then included in the amount of total consideration transferred. Any contingent consideration to be transferred by the acquirer will be recognized at fair value at the acquisition date. Contingent consideration that is classified as equity is not remeasured and subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument within the scope of IFRS 9 is measured at fair value with the changes in fair value recognized in profit or loss. In accordance with IFRS 9, other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognized in profit or loss. Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred and the amount recognized for noncontrolling interests and any previous interest held, over the net identifiable assets acquired and liabilities assumed. If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, we reassess whether we correctly identified all of the assets acquired and all of the liabilities assumed and review the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain on a bargain purchase is recognized in profit or loss. If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, we report in our consolidated financial statements provisional amounts for the items for which the accounting is incomplete. During the measurement period, which is no longer than one year from the acquisition date, the provisional amounts recognized at acquisition date are retrospectively adjusted to reflect new information obtained about facts and circumstances that existed as of the acquisition date and, if known, would have affected the measurement of the amounts recognized as of that date. During the measurement period, we also recognize additional assets or liabilities if new information is obtained about facts and circumstances that existed as of the acquisition date and, if known, would have resulted in the recognition of those assets and liabilities as of that date. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of our cash-generating units, or CGUs, that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units. Where goodwill acquired in a business combination has yet to be allocated to identifiable CGUs because the initial accounting is incomplete, such provisional goodwill is not tested for impairment unless indicators of impairment exist and we can reliably allocate the carrying amount of goodwill to a CGU or group of CGUs that are expected to benefit from the synergies of the business combination. Where goodwill has been allocated to a CGU and part of the operation within that unit is disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on disposal of the operation. Goodwill disposed of in this circumstance is measured based on the relative values of the disposed operation and the portion of the CGU retained.
Investments in Associates	Investments in Associates An associate is an entity in which we have significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of those policies. The existence of significant influence is presumed to exist when we hold 20% or more, but less than 50% of the voting power of another entity. Significant influence is also exemplified when we have one or more of the following: (a) a representation on the board of directors or the equivalent governing body of the investee; (b) participation in policy-making processes, including participation in decisions about dividends or other distributions; (c) material transactions with the investee; (d) interchange of managerial personnel with the investee; or (e) provision of essential technical information. Investments in associates are accounted for using the equity method of accounting and are initially recognized at cost. The cost of the investments includes directly attributable transaction costs. The details of our investments in associates are disclosed in Note 11 – Investments in Associates and Joint Ventures – Investments in Associates . Under the equity method, an investment in an associate is carried at cost plus post acquisition changes in our share of net assets of the associate. Goodwill relating to an associate is included in the carrying amount of the investment and is not amortized nor individually tested for impairment. Our consolidated income statements reflect our share in the financial performance of our associates. Where there has been a change recognized directly in the equity of the associate, we recognize our share in such change and disclose this, when applicable, in our consolidated statement of comprehensive income and consolidated statement of changes in equity. Unrealized gains and losses resulting from our transactions with and among our associates are eliminated to the extent of our interests in those associates. Our share in the profits or losses of our associates is included under “Other income (expenses)” in our consolidated income statement. This is the profit or loss attributable to equity holders of the associate and therefore is profit or loss after tax and net of noncontrolling interest in the subsidiaries of the associate. When our share of losses exceeds our interest in an associate, the carrying amount of the investment, including any long-term interests that form part thereof, is reduced to zero, and the recognition of further losses is discontinued except to the extent that we have an obligation or have made payments on behalf of the investee. Our reporting dates and that of our associates are identical and our associates’ accounting policies conform to those used by us for like transactions and events in similar circumstances. When necessary, adjustments are made to bring such accounting policies in line with our policies. After application of the equity method, we determine whether it is necessary to recognize an additional impairment loss on our investments in associates. We determine at the end of each reporting period whether there is any objective evidence that our investment in associate is impaired. If this is the case, we calculate the amount of impairment as the difference between the recoverable amount of our investment in the associate and its carrying value and recognize the amount in our consolidated income statements. Upon loss of significant influence over the associate, we measure and recognize any retained investment at its fair value. Any difference between the carrying amounts of our investment in the associate upon loss of significant influence and the fair value of the remaining investment and proceeds from disposal is recognized in our consolidated financial statements.
Joint Arrangements	Joint Arrangements Joint arrangements are arrangements with respect to which we have joint control, established by contracts requiring unanimous consent from the parties sharing control for decisions about the activities that significantly affect the arrangements’ returns. They are classified and accounted for as follows: • Joint operation – when we have rights to the assets, and obligations for the liabilities, relating to an arrangement, we account for each of our assets, liabilities and transactions, including our share of those held or incurred jointly, in relation to the joint operation in accordance with the IFRS applicable to the particular assets, liabilities and transactions. • Joint venture – when we have rights only to the net assets of the arrangements, we account for our interest using the equity method, the same as our accounting for investments in associates. The financial statements of the joint venture are prepared for the same reporting period as our consolidated financial statements. Where necessary, adjustments are made to bring the accounting policies of the joint venture in line with our policies. The details of our investments in joint ventures are disclosed in Note 11 – Investments in Associates and Joint Ventures – Investments in Joint Ventures . Adjustments are made in our consolidated financial statements to eliminate our share of unrealized gains and losses on transactions between us and our joint venture. Our investment in the joint venture is carried at equity method until the date on which we cease to have joint control over the joint venture. Upon loss of joint control over the joint venture, we measure and recognize our retained investment at fair value. Any difference between the carrying amount of the former joint venture upon loss of joint control and the fair value of the remaining investment and proceeds from disposal is recognized in profit or loss. When the remaining investment constitutes significant influence, it is accounted for as an investment in an associate with no remeasurement.
Current Versus Noncurrent Classifications	Current Versus Noncurrent Classifications We present assets and liabilities in our consolidated statements of financial position based on current or noncurrent classification. An asset is current when it is: • Expected to be realized or intended to be sold or consumed in the normal operating cycle; • Held primarily for the purpose of trading; • Expected to be realized within twelve months after the reporting period; or • Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. All other assets are classified as noncurrent. A liability is current when: • It is expected to be settled in the normal operating cycle; • It is held primarily for the purpose of trading; • It is due to be settled within twelve months after the reporting period; or • There is no unconditional right to defer the settlement of the liability for at least twelve months after the period. The terms of the liquidity that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification. All other liabilities are classified as noncurrent. Deferred income tax assets and liabilities are classified as noncurrent assets and liabilities, respectively.
Foreign Currency Transactions and Translations	Foreign Currency Transactions and Translations Our consolidated financial statements are presented in Philippine Peso, which is also the Parent Company’s functional currency. The Philippine Peso is the currency of the primary economic environment in which we operate. This is also the currency that mainly influences the revenue from and cost of rendering products and services. Each entity in our Group determines its own functional currency and items included in the separate financial statements of each entity are measured using that functional currency. The functional and presentation currency of the entities under the PLDT Group (except for the subsidiaries discussed below) is the Philippine Peso. Transactions in foreign currencies are initially recorded by entities under our Group at the respective functional currency rates prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency closing rate of exchange prevailing at the end of the reporting period. All differences arising on settlement or translation of monetary items are recognized in our consolidated income statement except for foreign exchange differences that qualify as capitalizable borrowing costs for qualifying assets. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates as at the dates of the initial transactions. Non-monetary items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The gain or loss arising from transactions of non-monetary items measured at fair value is treated in line with the recognition of this gain or loss on the change in fair value of the items (i.e., translation differences on items whose fair value gain or loss is recognized in other comprehensive income or profit or loss are also recognized in other comprehensive income or profit or loss, respectively). The functional currency of the FECL Group, PLDT Global and certain of its subsidiaries, PGNL and certain of its subsidiaries, Chikka and certain of its subsidiaries and PGIC is the U.S. Dollar; the functional currency of iCommerce Investments Pte. Ltd., or iCommerce, Chikka Pte. Ltd., or CPL, and ABM Global Solutions Pte. Ltd., or AGSPL, is the Singaporean Dollar; the functional currency of PT Advance Business Microsystems Global Solutions, or AGS Indonesia, is the Indonesian Rupiah; and the functional currency of PLDT Malaysia Sdn Bhd is the Malaysian Ringgit. As at the reporting date, the assets and liabilities of these subsidiaries are translated into Philippine Peso at the rate of exchange prevailing at the end of the reporting period, and income and expenses of these subsidiaries are translated monthly using the weighted average exchange rate for the month. The exchange differences arising on translation are recognized as a separate component of other comprehensive income as cumulative translation adjustments. Upon disposal of these subsidiaries, the amount of deferred cumulative translation adjustments recognized in other comprehensive income relating to subsidiaries is recognized in our consolidated income statement. When there is a change in an entity’s functional currency, the entity applies the translation procedures applicable to the new functional currency prospectively from the date of the change. The entity translates all assets and liabilities into the new functional currency using the exchange rate at the date of the change. The resulting translated amounts for non-monetary items are treated as the new historical cost. Exchange differences arising from the translation of a foreign operation previously recognized in other comprehensive income are not reclassified from equity to profit or loss until the disposal of the operation. Foreign exchange gains or losses of the Parent Company and our Philippine-based subsidiaries are treated as taxable income or deductible expenses in the period such exchange gains or losses are realized. Any goodwill arising on the acquisition of a foreign operation and any fair value adjustments to the carrying amounts of assets and liabilities arising on the acquisition are treated as assets and liabilities of the foreign operation and translated at the closing rate as at reporting date.
Noncurrent Assets Held-for-Sale	Noncurrent Assets Held-for-Sale We classify non-current assets as held-for-sale if their carrying amounts will be recovered principally through a sale transaction rather than through continuing use. Non-current assets classified as held-for-sale are measured at the lower of their carrying amount and fair value less costs to sell. Costs to sell are the incremental costs directly attributable to the disposal of an asset (disposal group), excluding finance costs and income tax expense. The criteria for held for sale classification is regarded as met only when the sale is highly probable, and the asset is available for immediate sale in its present condition. Actions required to complete the sale should indicate that it is unlikely that significant changes to the sale will be made or that the decision to sell will be withdrawn. Management must be committed to the plan to sell the asset and the sale expected to be completed within one year from the date of the classification. Property, plant and equipment and intangible assets are not depreciated or amortized once classified as held -or-sale. Assets and liabilities classified as held for sale are presented separately as current items in the consolidated statement of financial position. Additional disclosures are provided in Note 9 – Property and Equipment – Sale and Leaseback of Telecom Towers and Note 10 – Leases . All other notes to the financial statements include amounts for continuing operations, unless indicated otherwise.
Financial Instruments	Financial Instruments Financial Instruments – Initial recognition and subsequent measurement Classification of financial assets Financial assets are classified in their entirety based on the contractual cash flows characteristics of the financial assets and our business model for managing the financial assets. We classify our financial assets into the following measurement categories: • Financial assets measured at amortized cost; • Financial assets measured at FVPL; • Financial assets measured at financial instruments at fair value through other comprehensive income, or FVOCI, where cumulative gains or losses previously recognized are reclassified to profit or loss; and • Financial assets measured at FVOCI, where cumulative gains or losses previously recognized are not reclassified to profit or loss. Contractual cash flows characteristics In order for us to identify the measurement of our debt financial assets, a solely payments of principal and interest, or SPPI, test needs to be initially performed in order to determine whether the contractual terms of the financial asset gives rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Once a debt financial asset passed the SPPI test, business model assessment, which identifies our objective of holding the financial assets – hold to collect or hold to collect and sell, will be performed. Otherwise, if the debt financial asset failed the test, such will be measured at FVPL. In making the assessment, we determine whether the contractual cash flows are consistent with a basic lending arrangement, i.e., interest includes consideration only for the time value of money, credit risk and other basic lending risks and costs associated with holding the financial asset for a particular period of time. In addition, interest can include a profit margin that is consistent with a basic lending arrangement. The assessment as to whether the cash flows meet the SPPI test is made in the currency in which the financial asset is denominated. Any other contractual terms that introduce exposure to risks or volatility in the contractual cash flows that is unrelated to a basic lending arrangement, such as exposure to changes in equity prices or commodity prices, do not give rise to contractual cash flows that are solely payments of principal and interest on the principal amount outstanding. Business model Our business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. Our business model does not depend on management’s intentions for an individual instrument. Our business model refers to how we manage our financial assets in order to generate cash flows. Our business model determines whether cash flows will result from collecting contractual cash flows, collecting contractual cash flows and selling financial assets or neither. Financial assets at amortized cost A financial asset is measured at amortized cost if: (i) it is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and (ii) the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. These financial assets are initially recognized at fair value plus directly attributable transaction costs and subsequently measured at amortized cost using the effective interest rate, or EIR, method, less any impairment in value. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees and costs that are an integral part of the EIR. The amortization is included in ‘Other income (expenses) – net’ in our consolidated income statements and is calculated by applying the EIR to the gross carrying amount of the financial asset, except for (i) purchased or originated credit-impaired financial assets and (ii) financial assets that have subsequently become credit-impaired, where, in both cases, the EIR is applied to the amortized cost of the financial asset. Losses arising from impairment are recognized in ‘Asset impairment’ in our consolidated income statements. Our financial assets at amortized cost include debt instruments at amortized cost, cash and cash equivalents, short-term investments, trade and other receivables, and portions of other financial assets as at December 31, 2022 and 2021. See Note 13 – Debt Instruments at Amortized Cost, Note 16 – Cash and Cash Equivalents, Note 17 – Trade and Other Receivables and Note 28 – Financial Assets and Liabilities. Financial assets at FVOCI (debt instruments) A financial asset is measured at FVOCI if: (i) it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and (ii) its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. These financial assets are initially recognized at fair value plus directly attributable transaction costs and subsequently measured at fair value. Gains and losses arising from changes in fair value are included in other comprehensive income within a separate component of equity. Impairment losses or reversals, interest income and foreign exchange gains and losses are recognized in profit and loss. Upon derecognition, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss. This reflects the gain or loss that would have been recognized in profit or loss upon derecognition if the financial asset had been measured at amortized cost. Impairment is measured based on the expected credit loss, or ECL, model. As at December 31, 2022 and 2021, there were no financial assets at FVOCI (debt insruments) with recycling of cumulative gains or losses. Financial assets at FVPL Financial assets at FVPL are measured at fair value. Included in this classification are derivative financial assets, equity investments held for trading and debt instruments with contractual terms that do not represent solely payments of principal and interest. Financial assets held at FVPL are initially recognized at fair value, with transaction costs recognized in our consolidated income statements as incurred. Subsequently, they are measured at fair value and any gains or losses are recognized in our consolidated income statements. Additionally, even if the asset meets the amortized cost or the FVOCI criteria, we may choose at initial recognition to designate the financial asset at FVPL if doing so eliminates or significantly reduces a measurement or recognition inconsistency (an accounting mismatch) that would otherwise arise from measuring financial assets on a different basis. Trading gains or losses are calculated based on the results arising from trading activities of the PLDT Group, including all gains and losses from changes in fair value for financial assets and financial liabilities at FVPL, and the gains or losses from disposal of financial investments. Our financial assets at FVPL include portions of short-term investments, derivative financial assets, equity investments and redemption trust fund as at December 31, 2022 and 2021. See Note 12 – Financial Assets at FVPL and Note 28 – Financial Assets and Liabilities. Classification of financial liabilities Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. Financial liabilities are subsequently measured at amortized cost, except for the following: • Financial liabilities measured at FVPL; • Financial liabilities that arise when a transfer of a financial asset does not qualify for derecognition or when we retain continuing involvement; • Financial guarantee contracts; • Commitments to provide a loan at a below-market interest rate; and • Contingent consideration recognized by an acquirer in accordance with IFRS 3. A financial liability may be designated at FVPL if it eliminates or significantly reduces a measurement or recognition inconsistency (an accounting mismatch) or: • If a host contract contains one or more embedded derivatives; or • If a group of financial liabilities or financial assets and liabilities is managed and its performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy. Where a financial liability is designated at FVPL, the movement in fair value attributable to changes in our own credit quality is calculated by determining the changes in credit spreads above observable market interest rates and is presented separately in other comprehensive income. Our financial liabilities at FVPL include forward foreign exchange contracts, long-term principal only-currency swaps, interest rate swaps, long-term foreign currency options and liability from redemption of preferred stock as at December 31, 2022 and 2021. See Note 20 – Equity – Redemption of Preferred Stock, Note 24 – Accrued Expenses and Other Current Liabilities and Note 28 – Financial Assets and Liabilities. Our other financial liabilities include interest-bearing financial liabilities, lease liabilities, customers’ deposits, dividends payable, certain accounts payable and certain accrued expenses and other current liabilities and certain deferred credits and other noncurrent liabilities, (except for statutory payables) as at December 31, 2022 and 2021. See Note 10 – Leases, Note 21 – Interest-bearing Financial Liabilities, Note 22 – Deferred Credits and Other Noncurrent Liabilities, Note 23 – Accounts Payable, Note 24 – Accrued Expenses and Other Current Liabilities and Note 28 – Financial Assets and Liabilities. Reclassifications of financial instruments We reclassify our financial assets when, and only when, there is a change in the business model for managing the financial assets. Reclassifications shall be applied prospectively and any previously recognized gains, losses or interest shall not be restated. We do not reclassify our financial liabilities. We do not reclassify our financial assets when: • A financial asset that was previously a designated and effective hedging instrument in a cash flow hedge or net investment hedge no longer qualifies as such; • A financial asset becomes a designated and effective hedging instrument in a cash flow hedge or net investment hedge; and • There is a change in measurement on credit exposures measured at FVPL.
Offsetting of Financial Instruments	Offsetting of Financial Instruments Financial assets and liabilities are offset, and the net amount is reported in the consolidated statements of financial position if, and only if, there is a currently enforceable legal right to offset the recognized amounts; and there is an intention to settle on a net basis, or to realize the assets and settle the liabilities simultaneously. We assess that it has a currently enforceable right of offset if the right is not contingent on a future event and is legally enforceable in the normal course of business, event of default, and event of insolvency or bankruptcy of the Group and all of the counterparties.
Impairment of Financial Assets	Impairment of Financial Assets We recognize ECL for debt instruments that are measured at amortized cost and FVOCI. No ECL is recognized on financial assets at FVPL. ECLs are measured in a way that reflects the following: • An unbiased and probability-weighted amount that is determined by evaluating a range of possible outcomes; • The time value of money; and • Reasonable and supportable information that is available without undue cost or effort at the reporting date about past events, current conditions and forecasts of future economic conditions. Financial assets migrate through the following three stages based on the change in credit quality since initial recognition: Stage 1: 12-month ECL – not credit impaired For credit exposures where there have not been significant increases in credit risk since initial recognition and that are not credit-impaired upon origination, the portion of lifetime ECLs that represent the ECLs that result from default events that are possible within the 12-months after the reporting date are recognized. Stage 2: Lifetime ECL – not credit-impaired For credit exposures where there have been significant increases in credit risk since initial recognition on an individual or collective basis but are not credit-impaired, lifetime ECLs representing the ECLs that result from all possible default events over the expected life of the financial asset are recognized. Stage 3: Lifetime ECL – credit-impaired Financial assets are credit-impaired when one or more events that have a detrimental impact on the estimated future cash flows of those financial assets have occurred. For these credit exposures, lifetime ECLs are recognized and interest revenue is calculated by applying the credit-adjusted EIR to the amortized cost of the financial asset. Loss Allowances Loss allowances are recognized based on 12-month ECL for debt instruments that are assessed to have low credit risk at the reporting date. A financial asset is considered to have low credit risk if: • The financial instrument has a low risk of default; • The counterparty has a strong capacity to meet its contractual cash flow obligations in the near term; and • Adverse changes in economic and business conditions in the longer term may, but will not necessarily, reduce the ability of the counterparty to fulfill its contractual cash flow obligations. We consider a debt instrument to have low credit risk when its credit risk rating is equivalent to the globally understood definition of ‘investment grade’, or when the exposure is less than 30 days past due. The loss allowances recognized in the period is impacted by a variety of factors, as described below: • Transfers between Stage 1 and Stage 2 and 3 due to the financial instruments experiencing significant increases (or decreases) of credit risk or becoming credit-impaired in the period, and the consequent “step up” (or “step down”) between 12-month and lifetime ECL; • Additional allowances for new financial instruments recognized during the period, as well as releases for financial instruments derecognized in the period; • Impact on the measurement of ECL due to changes in probability of defaults, or PDs, loss given defaults, or LGDs, and exposure at defaults, or EADs, in the period, arising from regular refreshing of inputs to models; • Impacts on the measurement of ECL due to changes made to models and assumptions; • Unwinding of discount within ECL due to passage of time, as ECL is measured on a present value basis; and • Financial assets derecognized during the period and write-offs of allowances related to assets that were written off during the period. Write-off Policy We write-off a financial asset measured at amortized cost, in whole or in part, when the asset is considered uncollectible, and we have exhausted all practical recovery efforts and concluded that we have no reasonable expectations of recovering the financial asset in its entirety or a portion thereof. We write-off an account when all of the following conditions are met: • The asset is in past due for over 90 days, or is already an item-in-litigation with any of the following: a) No properties of the counterparty could be attached b) The whereabouts of the client cannot be located c) It would be more expensive for the Group to follow-up and collect the amount, hence we have ceased enforcement activity, and d) Collections can no longer be made due to insolvency or bankruptcy of the counterparty; • Expanded credit arrangement is no longer possible; • Filing of legal case is not possible; and • The account has been classified as ‘Loss’. Simplified Approach The simplified approach, where changes in credit risk are not tracked and loss allowances are measured at amounts equal to lifetime ECL, is applied to ‘Trade and other receivables’ and ‘Contract assets’. We have established a provision matrix for billed trade receivables and a vintage analysis for contract assets and unbilled trade receivables that is based on historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment.
Derecognition of Financial Assets and Liabilities	Derecognition of Financial Assets and Liabilities Financial assets A financial asset (or where applicable as part of a financial asset or part of a group of similar financial assets) is primarily derecognized when: (1) the right to receive cash flows from the asset has expired; or (2) we have transferred the right to receive cash flows from the asset or have assumed an obligation to pay the received cash flows in full without material delay to a third party under a “pass-through” arrangement; and either: (a) we have transferred substantially all the risks and rewards of the asset; or (b) we have neither transferred nor retained substantially all the risks and rewards of the asset, but have transferred control of the asset. When we have transferred the right to receive cash flows from an asset or have entered into a “pass-through” arrangement and have neither transferred nor retained substantially all the risks and rewards of the asset nor transferred control of the asset, a new asset is recognized to the extent of our continuing involvement in the asset. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that we could be required to repay. When continuing involvement takes the form of a written and/or purchased option (including a cash-settled option or similar provision) on the transferred asset, the extent of our continuing involvement is the amount of the transferred asset that we may repurchase, except that in the case of a written put option (including a cash-settled option or similar provision) on an asset measured at fair value, the extent of our continuing involvement is limited to the lower of the fair value of the transferred asset and the option exercise price. Financial liabilities A financial liability is derecognized when the obligation under the liability is discharged or cancelled or has expired. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability, and the difference in the carrying amount of a financial liability extinguished or transferred to another party and the consideration paid, including any non-cash assets transferred or liabilities assumed, is recognized in consolidated income statement. The financial liability is also derecognized when equity instruments are issued to extinguish all or part of the financial liability. The equity instruments issued are recognized at fair value if it can be reliably measured, otherwise, it is recognized at the fair value of the financial liability extinguished. Any difference between the fair value of the equity instruments issued and the carrying value of the financial liability extinguished is recognized in consolidated income statement.
Derivative Financial Instruments and Hedge Accounting	Derivative Financial Instruments and Hedge Accounting Initial recognition and subsequent measurement We use derivative financial instruments, such as long-term currency swaps, foreign currency options, forward currency contracts and interest rate swaps to hedge our risks associated with foreign currency fluctuations and interest rates. Such derivative financial instruments are initially recognized at fair value on the date on which a derivative contract is entered into and are subsequently remeasured at fair value. Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. The fair value of forward currency contracts is calculated by reference to current forward exchange rates for contracts with similar maturity profiles. The fair value of long-term currency swaps, foreign currency options, forward currency contracts and interest rate swap contracts is determined using applicable valuation techniques. See Note 28 – Financial Assets and Liabilities . Any gains or losses arising from changes in fair value on derivatives during the period that do not qualify for hedge accounting are taken directly to the “Other income (expense) – Gains (losses) on derivative financial instruments – net” in our consolidated income statements. For the purpose of hedge accounting, hedges are classified as: (1) fair value hedges when hedging the exposure to changes in the fair value of a recognized financial asset or liability or an unrecognized firm commitment (except for foreign currency risk); or (2) cash flow hedges when hedging exposure to variability in cash flows that is either attributable to a particular risk associated with a recognized financial asset or liability, a highly probable forecast transaction or the foreign currency risk in an unrecognized firm commitment; or (3) hedges of a net investment in a foreign operation. At the inception of a hedge relationship, we formally designate and document the hedge relationship to which we wish to apply hedge accounting and the risk management objective and strategy for undertaking the hedge. The documentation includes identification of the hedging instrument, the hedged item or transaction, the nature of the risk being hedged and how we will assess the hedging instrument’s effectiveness in offsetting the exposure to changes in the hedged item’s fair value or cash flows attributable to the hedged risk. Such hedges are expected to be highly effective in achieving offsetting changes in fair value or cash flows and are assessed on an on-going basis to determine that they actually have been highly effective throughout the financial reporting periods for which they are designated. In a situation when that hedged item is a forecast transaction, we assess whether the transaction is highly probable and presents an exposure to variations in cash flows that could ultimately affect our consolidated income statements. Hedges which meet the criteria for hedge accounting are accounted for as follows: Fair value hedges The change in the fair value of a hedging instrument is recognized in our consolidated income statements as financing cost. The change in the fair value of the hedged item attributable to the risk hedged is recorded as part of the carrying value of the hedged item and is also recognized in our consolidated income statements. For fair value hedges relating to items carried at amortized cost, any adjustment to carrying value is amortized through profit or loss over the remaining term of the hedge using the EIR method. EIR amortization may begin as soon as adjustment exists and no later than when the hedged item ceases to be adjusted for changes in its fair value attributable to the risk being hedged. If the hedged item is derecognized, the unamortized fair value is recognized immediately in our consolidated income statements. When an unrecognized firm commitment is designated as a hedged item, the subsequent cumulative change in the fair value of the firm commitment attributable to the hedged risk is recognized as an asset or liability with a corresponding gain or loss recognized in our consolidated income statements. Cash flow hedges The effective portion of the gain or loss on the hedging instrument is recognized in other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. See Note 28 – Financial Assets and Liabilities for more details. Amounts taken to other comprehensive income are transferred to our consolidated income statement when the hedged transaction affects our consolidated income statement, such as when the hedged financial income or financial expense is recognized or when a forecast transaction occurs. Where the hedged item is the cost of a non-financial asset or non-financial liability, the amounts taken to other comprehensive income are transferred to the initial carrying amount of the non-financial asset or liability. If the forecast transaction or firm commitment is no longer expected to occur, amounts previously recognized in other comprehensive income are transferred to our consolidated income statement. If the hedging instrument expires or is sold, terminated or exercised without replacement or rollover, or if its designation as a hedge is revoked, amounts previously recognized in other comprehensive income remain in other comprehensive income until the forecast transaction or firm commitment occurs. We use an interest rate swap agreement to hedge our interest rate exposure and a long-term principal only-currency swap, and long-term foreign currency options agreement to hedge our foreign exchange exposure on certain outstanding loan balances. See Note 28 – Financial Assets and Liabilities . Current versus noncurrent classification Derivative instruments that are not designated as effective hedging instruments are classified as current or noncurrent or separated into a current and noncurrent portion based on an assessment of the facts and circumstances (i.e., the underlying contracted cash flows). Where we expect to hold a derivative as an economic hedge (and does not apply hedge accounting) for a period beyond 12 months after the reporting date, the derivative is classified as noncurrent (or separated into current and noncurrent portions) consistent with the classification of the underlying item. Embedded derivatives that are not closely related to the host contract are classified consistent with the cash flows of the host contract. Derivative instruments that are designated as effective hedging instruments are classified consistently with the classification of the underlying hedged item. The derivative instrument is separated into a current portion and a noncurrent portion only if a reliable allocation can be made. We recognize transfers into and transfers out of fair value hierarchy levels as at the date of the event or change in circumstances that caused the transfer.
Property and Equipment	Property and Equipment Property and equipment, except for land, is stated at cost less accumulated depreciation and amortization and any accumulated impairment losses. Land is stated at cost less any impairment in value. The initial cost of property and equipment comprises its purchase price, including import duties and non-refundable purchase taxes and any directly attributable costs of bringing the property and equipment to its working condition and location for its intended use. Such cost includes the cost of replacing component parts of the property and equipment when the cost is incurred, if the recognition criteria are met. When significant parts of property and equipment are required to be replaced at intervals, we recognize such parts as individual assets with specific useful lives and depreciate them accordingly. Likewise, when a major inspection is performed, its cost is recognized in the carrying amount of the property and equipment as a replacement if the recognition criteria are satisfied. All other repairs and maintenance costs are recognized as expense as incurred. The present value of the expected cost for the decommissioning of the asset after use is included in the cost of the asset if the recognition criteria for a provision are met. Depreciation and amortization commence once the property and equipment are available for their intended use and are calculated on a straight-line basis over the estimated useful lives of the assets. The estimated useful lives used in depreciating our property and equipment are disclosed in Note 9 – Property and Equipment . The residual values, estimated useful lives, and methods of depreciation and amortization are reviewed at least at each financial year-end and adjusted prospectively, if appropriate. An item of property and equipment and any significant part initially recognized are derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in consolidated income statement when the asset is derecognized. Property under construction is stated at cost less any impairment in value. This includes cost of construction, plant and equipment, capitalizable borrowing costs and other direct costs associated to construction. Property under construction is not depreciated until such time that the relevant assets are completed and available for its intended use. Property under construction is transferred to the related property and equipment when the construction or installation and related activities necessary to prepare the property and equipment for their intended use have been completed, and the property and equipment are ready for operational use.
Borrowing Costs	Borrowing Costs Borrowing costs are capitalized if they are directly attributable to the acquisition, construction or production of a qualifying asset. Qualifying assets are assets that necessarily take a substantial period of time to get ready for their intended use or sale. Capitalization of borrowing costs commences when the activities to prepare the asset for its intended use or sale are in progress and the expenditures and borrowing costs are incurred. Capitalization of borrowing costs shall be suspended during extended periods in which it suspends active development of a qualifying asset. Borrowing costs are capitalized until the assets are substantially completed for their intended use or sale. All other borrowing costs are expensed as incurred. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds.
Asset Retirement Obligations	Asset Retirement Obligations We are legally required under various lease agreements to dismantle the installation in leased sites and restore such sites to their original condition at the end of the lease contract term. We recognize the liability measured at the present value of the estimated costs of these obligations and capitalize such costs as part of the balance of the related item of property and equipment. The amount of asset retirement obligations is accreted and such accretion is recognized as interest expense. See Note 10 – Leases and Note 22 – Deferred Credits and Other Noncurrent Liabilities .
Investment Properties	Investment Properties Investment properties are initially measured at cost, including transaction costs. Subsequent to initial recognition, investment properties are stated at fair value, which reflects market conditions at the reporting date. Gains or losses arising from changes in the fair values of investment properties are included in our consolidated income statement in the period in which they arise, including the corresponding tax effect. Fair values are determined based on an amount evaluation performed by a Philippine SEC accredited external independent valuer applying a valuation model recommended by the International Valuation Standards Committee. Investment properties are derecognized when they are disposed of or when they are permanently withdrawn from use and no future economic benefit is expected from their disposal. Any gain or loss on the retirement or disposal of an investment property is recognized in our consolidated income statement in the year of retirement or disposal. Transfers are made to or from investment property only when there is a change in use. For a transfer from investment property to owner-occupied property, the deemed cost for subsequent accounting is the fair value at the date of change in use. If owner-occupied property becomes an investment property, we account for such property in accordance with the policy stated under property and equipment up to the date of change in use. The difference between the carrying amount of the owner-occupied property and its fair value at the date of change is accounted for as revaluation increment recognized in other comprehensive income. On subsequent disposal of the investment property, the revaluation increment recognized in other comprehensive income is transferred to retained earnings.
Intangible Assets	Intangible Assets Intangible assets acquired separately are measured at cost on initial recognition. The cost of intangible assets acquired from business combinations is initially recognized at fair value on the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses. The useful lives of intangible assets are assessed at the individual asset level as either finite or indefinite. Intangible assets with finite lives are amortized over the economic useful life using the straight-line method and assessed for impairment whenever there is an indication that the intangible assets may be impaired. At the minimum, the amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at each financial year-end. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the asset are accounted for by changing the amortization period or method, as appropriate, and treated as changes in accounting estimates. The amortization expense on intangible assets with finite lives is recognized in our consolidated income statements. Intangible assets with indefinite useful lives are not amortized but are tested for impairment annually either individually or at the CGU level. The useful life of an intangible asset with an indefinite life is reviewed annually to determine whether the indefinite life assessment continues to be supportable. If not, the change in the useful life assessment from indefinite to finite is made on a prospective basis. The estimated useful lives used in amortizing our intangible assets are disclosed in Note 15 – Goodwill and Intangible Assets . Gains or losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are recognized in our consolidated income statements when the asset is derecognized. Internally generated intangibles are not capitalized, and the related expenditures are charged against operations in the period in which the expenditures are incurred.
Inventories and Supplies	Inventories and Supplies Inventories and supplies, which include cellular and landline phone units, materials, spare parts, terminal units and accessories, are valued at the lower of cost and net realizable value. Costs incurred in bringing inventories and supplies to its present location and condition are accounted for using the weighted average cost method. Net realizable value is determined by either estimating the selling price in the ordinary course of business, less the estimated cost to sell or determining the prevailing replacement costs.
Impairment of Non-Financial Assets	Impairment of Non-Financial Assets We assess at each reporting period whether there is an indication that an asset may be impaired. If any indication exists, or when the annual impairment testing for an asset is required, we make an estimate of the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s or CGU’s fair value less costs of disposal and its value in use, or VIU. The recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent from those of other assets or groups of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing the VIU, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. In determining the fair value less costs of disposal, recent market transactions are taken into account. If no such transactions can be identified, an appropriate valuation model is used. Impairment losses are recognized in our consolidated income statements. For assets, excluding goodwill and intangible assets with indefinite useful life, an assessment is made at each reporting date to determine whether there is an indication that previously recognized impairment losses no longer exist or have decreased. If such indication exists, we make an estimate of the recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognized. If this is the case, the carrying amount of the asset is increased to its recoverable amount. The increased amount cannot exceed the carrying amount that would have been determined, net of depreciation and amortization, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in our consolidated income statements. After such reversal, the depreciation and amortization charges are adjusted in future years to allocate the asset’s revised carrying amount, less any residual value, on a systematic basis over its remaining economic useful life. The following assets have specific characteristics for impairment testing: Property and equipment, right-of-use, or ROU, assets, and intangible assets with finite useful lives For property and equipment and ROU assets, we assess for impairment on the basis of impairment indicators such as evidence of internal obsolescence or physical damage. For intangible assets with finite useful lives, we assess for impairment whenever there is an indication that the intangible assets may be impaired. See Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Impairment of non-financial assets, Note 9 – Property and Equipment, Note 10 – Leases and Note 15 – Goodwill and Intangible Assets for further disclosures relating to impairment of non-financial assets. Investments in associates and joint ventures We determine at the end of each reporting period whether there is any objective evidence that our investments in associates and joint ventures are impaired. If this is the case, the amount of impairment is calculated as the difference between the recoverable amount of the investments in associates and joint ventures, and its carrying amount. The amount of impairment loss is recognized in our consolidated income statements. See Note 11 – Investments in Associates and Joint Ventures for further disclosures relating to impairment of non-financial assets. Goodwill Goodwill is tested for impairment annually as at December 31 and when circumstances indicate that the carrying value may be impaired. Impairment is determined for goodwill by assessing the recoverable amount of each CGU, or group of CGUs, to which the goodwill relates. When the recoverable amount of the CGU, or group of CGUs, is less than the carrying amount of the CGU, or group of CGUs, to which goodwill has been allocated, an impairment loss is recognized. Impairment losses relating to goodwill cannot be reversed in future periods. See Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Impairment of non-financial assets and Note 15 – Goodwill and Intangible Assets for further disclosures relating to impairment of non-financial assets. Intangible asset with indefinite useful life Intangible asset with indefinite useful life is not amortized but is tested for impairment annually either individually or at the CGU level, as appropriate. We calculate the amount of impairment as being the difference between the recoverable amount of the intangible asset or the CGU, and its carrying amount and recognize the amount of impairment in our consolidated income statements. Impairment losses relating to intangible assets can be reversed in future periods. See Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Impairment of non-financial assets and Note 15 – Goodwill and Intangible Assets for further disclosures relating to impairment of non-financial assets.
Investment in Debt Securities	Investment in Debt Securities Investment in debt securities consists of time deposits and government securities which are carried at amortized cost using the EIR method. Interest earned from these securities is recognized under “Other income (expenses) – net – Interest income” in our consolidated income statements.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash includes cash on hand and in banks. Cash equivalents, which include temporary cash investments, are short-term, highly liquid investments that are readily convertible to known amounts of cash with original maturities of three months or less from the date of acquisition, and for which there is an insignificant risk of change in value.
Short-term Investments	Short-term Investments Short-term investments are money market placements, which are highly liquid with maturities of more than three months but less than one year from the date of acquisition.
Fair Value Measurement	Fair Value Measurement We measure financial instruments such as derivatives, financial assets at FVPL, assets classified as held-for-sale and non-financial assets such as investment properties, at fair value at each reporting date. The fair values of investment properties are disclosed in Note 14 – Investment Properties . The fair values of the pension plan assets are disclosed in Note 26 – Pension and Other Employee Benefits. The fair values of financial instruments measured at amortized cost are disclosed in Note 28 – Financial Assets and Liabilities . Fair value is the estimated price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: (i) in the principal market for the asset or liability; or (ii) in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible to us. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. We use valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in our consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: (i) Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities; (ii) Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable; and (iii) Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable. For assets and liabilities that are recognized in our consolidated financial statements on a recurring basis, we determine whether transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. We determine the policies and procedures for both recurring fair value measurement, such as investment properties and unquoted FVPL financial assets, and for non-recurring measurement, such as assets held for distribution in discontinued operation. External valuers are involved for valuation of significant assets, such as investment properties. Involvement of external valuers is decided upon annually. Selection criteria include market knowledge, reputation, independence and whether professional standards are maintained. At each reporting date, we analyze the movements in the values of assets and liabilities which are required to be re-measured or re-assessed as per our accounting policies. For this analysis, we verify the major inputs applied in the latest valuation by agreeing the information in the valuation computation to contracts and other relevant documents. We, in conjunction with our external valuers, also compare the changes in the fair value of each asset and liability with relevant external sources to determine whether the change is reasonable. This includes a discussion of the major assumptions used in the valuations. For the purpose of fair value disclosures, we have determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.
Revenues from Contracts with Customers	Revenues from contracts with customers Revenue is recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration which we expect to be entitled to in exchange for those goods or services. IFRS 15 prescribes a five-step model to be followed in the recognition of revenue, wherein we take into consideration the performance obligations which we need to perform in the agreements we have entered into with our customers. Revenue is measured by allocating the transaction price, which includes variable considerations, to each performance obligation on a relative stand-alone selling price basis, taking into account contractually defined terms of payment and excluding value-added tax, or VAT, or overseas communication tax, or OCT, where applicable. Transaction prices are adjusted for the effects of a significant financing component if we expect, at contract inception, that the period between the transfer of the promised goods or services to the customer and when the customer pays for that good or service will be more than one year. When allocating the total contract transaction price to identified performance obligations, a portion of the total transaction price may relate to service performance obligations which were not satisfied or are partially satisfied as of end of the reporting period. In determining the transaction price allocated, we do not include nonrecurring charges and estimates for usage, nor do we consider arrangements with an original expected duration of one year or less. Remaining performance obligations are associated with our wireless and fixed line subscription contracts. As at December 31, 2022, excluding the performance obligations for contracts with original expected duration of less than one year, the aggregate amount of the transaction price allocated to remaining performance obligations was Php 47,049 million, of which we expect to recognize approximately 55 % in 2023 and 45 % in 2024 and onwards. As at December 31, 2021, excluding the performance obligations for contracts with original expected duration of less than one year, the aggregate amount of the transaction price allocated to remaining performance obligations was Php 38,595 million, of which we recognized approximately 62 % in 2022 and expect to recognize 38 % in 2023 and onwards. When determining our performance obligations, we assess our revenue arrangements against specific criteria to determine if we are acting as principal or agent. We consider both the legal form and the substance of our agreement, to determine each party’s respective roles in the agreement. We are a principal and record revenue on a gross basis if we control the promised goods or services before transferring them or rendering those to the customer. However, if our role is only to arrange for another entity to provide the goods or services, then we are an agent and will need to record revenue at the net amount that we retain for our agency services. The disclosures of significant accounting judgments, estimates and assumptions relating to revenues from contracts with customers are provided in Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Identifying performance obligations . Our revenues are principally derived from providing the following telecommunications services: cellular voice and data services in the wireless business; and local exchange, international and national long distance, data and other network, and information and communications services in the fixed line business. Services may be rendered separately or bundled with goods or other services. The specific recognition criteria are as follows: i. Single Performance Obligation (POB) Contracts Postpaid service arrangements include fixed monthly charges (including excess of consumable fixed monthly service fees) generated from cellular voice, short messaging services, or SMS, and data services through the postpaid plans of Smart Signature, and Infinity brands, from local exchange services primarily through landline and related services, and from fixed line and other network services primarily through broadband and leased line services, which we recognize on a straight-line basis over the customer’s subscription period. Services provided to postpaid subscribers are billed throughout the month according to the billing cycles of subscribers. Services availed by subscribers in addition to these fixed fee arrangements are charged separately at their stand-alone selling prices and recognized as the additional service is provided or as availed by the subscribers. Our prepaid service revenues arise from the usage of airtime load from channels and prepaid cards provided from Prepaid Home WiFi, Sulit Talk, Landline Plus products, Smart, TNT and SmartBro. Proceeds from over-the-air reloading channels and prepaid cards are initially recognized as contract liability and realized upon actual usage of the airtime value for voice, SMS, mobile data and other VAS, prepaid unlimited and bucket-priced SMS and call subscriptions, net of bonus credits from load packages purchased, such as free additional call minutes, SMS, data allocation or airtime load, or upon expiration, whichever comes earlier. We also consider recognizing revenue from the expected expiry of airtime load in proportion to the pattern of rights exercised by the customer if we expect to be entitled to that expired amount. If we do not expect to be entitled to an expired amount based on historical experience with the customers, then we recognize the expected expired amount as revenue when the likelihood of the prepaid customer exercising its remaining rights becomes remote. Interconnection fees and charges arising from the actual usage of airtime value or subscriptions are recorded as incurred. Revenue from international and national long-distance calls carried via our network is generally based on rates which vary with distance and type of service (direct dial or operator-assisted, paid or collect, etc.). Revenue from both wireless and fixed line long distance calls is recognized as the service is provided. In general, non-refundable upfront fees, such as activation fees, that do not relate to the transfer of a promised good or service, are deferred and recognized as revenue throughout the estimated average length of the customer relationship, and the related incremental costs incurred are similarly deferred and recognized as expense over the same period, if such costs generate or enhance resources of the entity and are expected to be recovered. Activation fees for both voice and data services are also considered as a single performance obligation together with monthly service fees, recognized over the customer subscription period. Activation fees for both voice and data services are also considered as a single performance obligation together with monthly services fees, recognized over the customer subscription period. ii. Bundled Contracts In revenue arrangements, which involve bundled sales of mobile devices and accessories (non-service component), and telecommunication services (service component), the total transaction price is allocated based on the relative stand-alone selling prices of each distinct performance obligation. Stand-alone selling price is the price at which we sell the good or service separately to a customer. However, if goods or services are not currently offered separately, we use the adjusted market or cost-plus margin method to determine the stand-alone selling price to be used in the transaction price allocation. We adjust the transaction price for the effects of the time value of money if the timing of the payment and delivery of goods or services do not coincide, effects of which are considered as containing a significant financing component. Activation services and installation services for voice and data services that are not a distinct performance obligation are considered together with monthly voice and data services as a single performance obligation, recognized over the customer subscription period since the subscriber cannot benefit from the installation services on its own or together with other resources that are readily available to the subscriber. The related incremental costs are recognized in the same manner in our consolidated income statements, if such costs are expected to be recovered. On the other hand, custom built installation services provided to data services subscribers are considered a distinct separate performance obligation and is recognized when services are rendered. Revenues from the sale of non-service component are recognized at the point in time when the goods are delivered while revenues from telecommunication services component are recognized over on a straight-line basis over the contract period when the services are provided to subscribers. Significant Financing Component The non-service component included in contracts with customers have significant financing component considering the period between the time of the transfer of control over the mobile device and the customer’s payment of the price of the mobile device, which is more than one year. The transaction price for such contracts is determined by discounting the amount of promised consideration using the appropriate discount rate. We concluded that there is a significant financing component for those contracts where the customer elects to pay in arrears considering the length of time between the transfer of mobile device to the customer and the customer’s payment, as well as the prevailing interest rates in the market adjusted with customer credit spread. Customer Loyalty Program We launched a new customer loyalty program called Giga Points. Points are earned through subscription of promo, purchase of load, and payment of bill for postpaid subscribers. Points are also earned through other activities such as daily login in the Giga App. These points can be used to redeem items such as giga promos, bill rebates, content subscription, discounts, exclusive tickets, and more. Our contract with customer for revenue related activity includes a promise to provide future telco services or rights to third party services in the form of earning points. The Company considers this revenue related earning as performance obligation and the transaction price is allocated to each performance obligation. For earnings on non-revenue activity, the Company recognizes a financial liability upon redemption of the points from third party partners. iii. International and Domestic Long Distance Contracts Interconnection revenues for call termination, call transit and network usages are recognized in the period in which the traffic occurs. Revenues related to local, long distance, network-to-network, roaming and international call connection services are recognized when the call is placed, or connection is provided, and the equivalent amounts charged to us by other carriers are recorded under interconnection costs in our consolidated income statements. Inbound revenue and outbound charges are based on agreed transit and termination rates with other foreign and local carriers. Variable consideration We assessed that a variable consideration exists in certain interconnection agreements where there is a monthly aggregation period and the rates applied for the total monthly traffic will depend on the total traffic for the month. We also consider whether contracts with carriers contain volume commitment or tiering arrangement whereby the rate being charged will change upon meeting certain volume of traffic. We estimate the amount of variable consideration to which we are entitled and include in the transaction price some or all of the amount of variable consideration estimated arising from these agreements, unless the impact is not material. iv. Others Revenues from VAS include streaming and downloading of games, music, video contents, loan services, messaging services, applications and other digital services which are only arranged for by us on behalf of third-party content providers. The amount of revenue recognized is net of content provider’s share in revenue. Revenue is recognized at a point in time upon service availment. We act as an agent for certain VAS arrangements. Revenue from server hosting, co-location services and customer support services are recognized over the period that the services are performed. Contract Balances Contract assets A contract asset is recognized when a performance obligation is satisfied, but the payment is conditional not only on the passage of time. The other conditions attached to realizing that recognized contract asset usually relate to the entity’s fulfillment of other performance obligations in the contract. Refer to accounting policies on impairment of financial assets in section Financial instruments – initial recognition and subsequent measurement. Trade receivables A receivable is recognized if an amount of consideration that is unconditional is due from the customer (i.e., only the passage of time is required before payment of the consideration is due). Refer to accounting policies on impairment of financial assets in section Financial instruments – initial recognition and subsequent measurement. Contract liabilities and unearned revenues A contract liability is the obligation to transfer goods or services to a customer for which we have received consideration (or an amount of consideration is due) from the customer. If a customer pays consideration before we transfer goods or services to the customer, a contract liability is recognized when the payment is made or the payment is due (whichever is earlier). Contract liabilities and unearned revenues are recognized as revenue when we perform under the contract. Incremental costs to obtain contracts We often give commissions and incentives to sales agents for meeting certain volumes of new connections and corresponding value of plans contracted. These costs are incremental costs to obtain a contract as we would have not incurred these costs if the contract had not been obtained. These costs are capitalized as an asset if these are expected to be recovered. Any capitalized incremental costs to obtain would be amortized and recognized as expense over customer subscription period. The capitalized incremental costs are subject to regular impairment assessment. Interest income Interest income is recognized as it accrues on a time proportion basis taking into account the principal amount outstanding and the EIR. Dividend income Revenue is recognized when our right to receive the payment is identified.
Expenses	Expenses Expenses are recognized as incurred.
Provisions	Provisions We recognize a provision when we have a present obligation, legal or constructive, as a result of a past event, and when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. When we expect some or all of a provision to be reimbursed, the reimbursement is recognized as a separate asset, but only when the reimbursement is virtually certain to be received if the entity settles the obligation. The expense relating to any provision is presented in our consolidated income statements, net of any reimbursements. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized as interest expense in our consolidated income statements.
Retirement Benefits	Retirement Benefits PLDT and certain of its subsidiaries are covered under Republic Act No. 7641 otherwise known as “The Philippine Retirement Law”. Defined benefit pension plans PLDT has separate and distinct retirement plans for itself and majority of its Philippine-based operating subsidiaries, administered by the respective Funds’ Trustees, covering permanent employees. Retirement costs are separately determined using the projected unit credit method. This method reflects services rendered by employees to the date of valuation and incorporates assumptions concerning employees’ projected salaries. Retirement costs consist of the following: • Service cost; • Net interest on the net defined benefit asset or obligation; and • Remeasurements of net defined benefit asset or obligation. Service cost (which includes current service costs, past service costs and gains or losses on curtailments and non-routine settlements) is recognized as part of “Selling, general and administrative expenses – Compensation and employee benefits” account in our consolidated income statements. These amounts are calculated periodically by an independent qualified actuary. Net interest on the net defined benefit asset or obligation is the change during the period in the net defined benefit asset or obligation that arises from the passage of time which is determined by applying the discount rate based on the government bonds to the net defined benefit asset or obligation. Net defined benefit asset is recognized as part of “Advances and other noncurrent assets” and net defined benefit obligation is recognized as part of “Pension and other employee benefits” in our consolidated statements of financial position. Remeasurements, comprising actuarial gains and losses, return on plan assets and any change in the effect of the asset ceiling (excluding net interest on defined benefit obligation) are recognized immediately in other comprehensive income in the period in which they occur. Remeasurements are not classified to profit or loss in subsequent periods. The net defined benefit asset or obligation comprises the present value of the defined benefit obligation (using a discount rate based on government bonds, as explained in Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Estimating pension benefit costs and other employee benefits ), net of the fair value of plan assets out of which the obligations are to be settled directly. Plan assets are assets held by a long-term employee benefit fund or qualifying insurance policies and are not available to our creditors nor can they be paid directly to us. Fair value is based on market price information and in the case of quoted securities, the published bid price and in the case of unquoted securities, the discounted cash flow using the income approach. The value of any defined benefit asset recognized is restricted to the asset ceiling which is the present value of any economic benefits available in the form of refunds from the plan or reductions in the future contributions to the plan. See Note 26 – Pension and Other Employee Benefits – Defined Benefit Pension Plans for more details. Defined contribution plans Smart maintains a defined contribution plan that covers all regular full-time employees under which it pays fixed contributions based on the employees’ monthly salaries and provides for qualified employees to receive a defined benefit minimum guarantee. The defined benefit minimum guarantee is equivalent to a certain percentage of the monthly salary payable to an employee at normal retirement age with the required credited years of service based on the provisions of Republic Act No. 7641. Accordingly, Smart accounts for its obligation under the higher of the defined benefit obligation related to the minimum guarantee and the obligation arising from the defined contribution plan. For the defined benefit minimum guarantee plan, the liability is determined based on the present value of the excess of the projected defined benefit obligation over the projected defined contribution obligation at the end of the reporting period. The defined benefit obligation is calculated annually by a qualified independent actuary using the projected unit credit method. Smart and certain of its subsidiaries determines the net interest expense (income) on the net defined benefit liability (asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the then net defined benefit liability (asset), taking into account any changes in the net defined benefit liability (asset) during the period as a result of contributions and benefit payments. Net interest expense (income) and other expenses (income) related to the defined benefit plan are recognized in our consolidated income statement. The defined contribution liability, on the other hand, is measured at the fair value of the defined contribution assets upon which the defined contribution benefits depend, with an adjustment for margin on asset returns, if any, where this is reflected in the defined contribution benefits. Remeasurements of the net defined benefit liability, which comprise actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), are recognized immediately in our other comprehensive income. When the benefits of the plan are changed or when the plan is curtailed, the resulting change in benefit that relates to past service or the gain or loss on curtailment is recognized immediately in our profit or loss. Gains or losses on the settlement of the defined benefit plan are recognized when the settlement occurs. See Note 26 – Pension and Other Employee Benefits – Defined Contribution Plans for more details. Employee benefit costs include current service cost, net interest on the net defined benefit obligation, and remeasurements of the net defined benefit obligation. Past service costs and actuarial gains and losses are recognized immediately in our consolidated income statement. The long-term employee benefit liability comprises the present value of the defined benefit obligation (using a discount rate based on government bonds) at the end of the reporting period and is determined using the projected unit credit method. See Note 26 – Pension and Other Employee Benefits – Other Long-term Employee Benefits for more details.
Other Long-term Employee Benefits	Other Long-term Employee Benefits Transformation Incentive Plan, or TIP In 2017, the Board of Directors of PLDT approved the TIP which intended to provide incentive compensation to key officers, executives and other eligible participants who are consistent performers and contributors to the Company’s strategic and financial goals, based on the achievement of telco core income targets. The program was divided into two cycles. Cycle 1 covered the performance period from 2017 to 2019, was in the form of PLDT common shares of stocks and later modified to a mix of equity shares and cash grants, and was released in three annual grants. Cycle 2 covered the performance period from 2020 to 2021, was settled in cash and was released in 2022. TIP was administered by the Executive Compensation Committee, or ECC. Long-term Incentive Plan, or LTIP On December 23, 2021, the ECC approved the LTIP covering the years 2022 to 2026, covering two cycles, based on the achievement of telco core income targets, with additional performance metrics on Customer Experience and Sustainability to impact the LTIP pay-out. Cycle 1 covers performance period from 2022 to 2024. Payout will be split at the end of the 2nd year and at the end of the 3rd year, based on the achievement of performance targets. Cycle 2 covers performance period from 2025 and 2026, and is subject to the ECC’s further evaluation and approval of the final terms. This other long-term employee benefit liability was recognized and measured using the projected unit credit method and was amortized on a straight-line basis over the vesting period. Please see Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Estimating pension benefit cost and other employee benefits .
Leases	Leases We assess at contract inception whether the contract is, or contains, a lease that is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for a consideration. As a Lessee . We apply a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. We recognize lease liabilities to make lease payments and ROU assets representing the right to use assets to the underlying assets. • ROU assets We recognize ROU assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). ROU assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of ROU assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Unless it is reasonably certain that we obtain ownership of the leased asset at the end of the lease term, the recognized ROU assets are depreciated on a straight-line basis over the shorter of its estimated useful life and the lease term. ROU assets are subject to impairment. Refer to the accounting policies in impairment of non-financial assets section. • Lease liabilities At the commencement date of the lease, we recognize lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised and payments of penalties for terminating a lease, if the lease term reflects exercising the option to terminate. The variable lease payments that do not depend on an index or a rate are recognized as expense in the period on which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, we use the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. • Short-term leases and leases of low-value assets We apply the short-term lease recognition exemption to our short-term leases of machinery and equipment (i.e., those leases that have a lease term ending within 12 months or less from the commencement date and do not contain a purchase option). We also apply the lease of low-value assets recognition exemption to leases that are considered of low value (i.e., below Php 250 thousand). Lease payments on short-term leases and leases of low-value assets are recognized as expense in our consolidated income statement on a straight-line basis over the lease term. • COVID-19 Related Rent Concessions Beginning April 1, 2021, we applied the practical expedient where rent concessions as a result of the COVID-19 pandemic that meets all of the criteria below shall not be considered as a lease modification and accounted for any change in lease payments resulting from the COVID-19 related rent concession in the same way we would account for a change that is not a lease modification, i.e., as a variable lease payment. We continued to apply this for rent concessions beyond June 30, 2021. a) The rent concession is a direct consequence of COVID-19; b) The change in lease payments results in a revised lease consideration that is substantially the same as, or less than, the lease consideration immediately preceding the change; c) Any reduction in lease payments affects only payments originally due on or before June 30, 2022; and d) There is no substantive change to other terms and conditions of the lease. Lessors have granted forgiveness on lease payments as an effect of the COVID-19 pandemic. The rent concessions for PLDT amounted to Php 288 thousand, Php 3 million and Php 15 million for the years ended December 31, 2022, 2021 and 2020, respectively. The rent concessions for Smart and DMPI amounted to nil for each of the years ended December 31, 2022 and 2021 and Php 122 million for the year ended December 31, 2020. As a Lessor . Leases in which we do not transfer substantially all the risks and rewards incidental to ownership of an asset are classified as operating leases. Rental income is accounted for on a straight-line basis over the lease term and is included in revenue in our consolidated income statements due to its operating nature. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the bases as rental income. Sale and Leaseback . If we transfer an asset to another entity (the buyer-lessor) and leases that asset back from the buyer-lessor, we account for the transfer contract and the lease by applying the requirements of IFRS 16. We first apply the requirements for determining when a performance obligation is satisfied in IFRS 15 to determine whether the transfer of an asset is accounted for as a sale of that asset. For transfer of an asset that satisfies the requirements of IFRS 15 to be accounted for as a sale of the asset, we measure the right-of-use asset arising from the leaseback at the proportion of the previous carrying amount of the asset that relates to the right of use retained by us. Accordingly, we recognize only the amount of any gain or loss that relates to the rights transferred to the buyer-lessor. If the transfer of an asset does not satisfy the requirements of IFRS 15 to be accounted for as a sale of the asset, we continue to recognize the transferred asset and recognize a financial liability equal to the transfer proceeds. We account for the financial liability applying IFRS 9.
Income Taxes	Income Taxes Current income tax Current income tax assets and liabilities for the current and prior years are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted as at the end of the reporting period where we operate and generate taxable income. Current income tax relating to items recognized directly in equity is recognized in equity and not in our consolidated income statement. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Deferred income tax Deferred income tax is provided on all temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the end of the reporting period. Deferred income tax liabilities are recognized for all taxable temporary differences except: (1) when the deferred income tax liability arises from the initial recognition of goodwill or of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and (2) with respect to taxable temporary differences associated with investments in subsidiaries, associates and interest in joint ventures, when the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred income tax assets are recognized for all deductible temporary differences, the carryforward benefits of unused tax credits from excess minimum corporate income tax, or MCIT, over regular corporate income tax, or RCIT, and unused net operating loss carry over, or NOLCO. Deferred income tax assets are recognized to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and carryforward benefits of unused tax credits and unused tax losses can be utilized, except: (1) when the deferred income tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and (2) with respect to deductible temporary differences associated with investments in subsidiaries, associates and interests in joint ventures, deferred income tax assets are recognized only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax assets to be utilized. Unrecognized deferred income tax assets are reassessed at the end of each reporting period and are recognized to the extent that it has become probable that future taxable profit will allow the deferred income tax assets to be recovered. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted as at the end of the reporting period. Deferred income tax relating to items recognized in “Other comprehensive income” account is included in our consolidated statements of comprehensive income and not in our consolidated income statements. Deferred income tax assets and liabilities are offset, if a legally enforceable right exists to offset current income tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority. Tax benefits acquired as part of a business combination, but not satisfying the criteria for separate recognition at that date, would be recognized subsequently if new information about facts and circumstances changed. The adjustment would either be treated as a reduction to goodwill (as long as it does not exceed goodwill) if it is incurred during the measurement period or in our consolidated income statement.
VAT	VAT Revenues, expenses and assets are recognized net of the amount of VAT, if applicable. When VAT from sales of goods and/or services (output VAT) exceeds VAT passed on from purchases of goods or services (input VAT), the excess is recognized as payable in our consolidated statements of financial position. When VAT passed on from purchases of goods or services (input VAT) exceeds VAT from sales of goods and/or services (output VAT), the excess is recognized as an asset in our consolidated statements of financial position to the extent of the recoverable amount.
Contingencies	Contingencies Contingent liabilities are not recognized in our consolidated financial statements. Unless the possibility of an outflow of resources embodying economic benefits is probable and measurable, they are disclosed in the notes to our consolidated financial statements . On the other hand, contingent assets are not recognized in our consolidated financial statements but are disclosed in the notes to our consolidated financial statements when an inflow of economic benefits is probable.
Segment Information	Segment Information PLDT and its subsidiaries are organized into three business segments. Such business segments are the bases upon which we report our primary segment information. Financial information on business segments is presented in Note 4 – Operating Segment Information .
Events After the End of the Reporting Period	Events After the End of the Reporting Period Post year-end events up to the date of approval of the Board of Directors that provide additional information about our financial position at the end of the reporting period (adjusting events) are reflected in our consolidated financial statements. Post year-end events that are not adjusting events are disclosed in the notes to our consolidated financial statements when material.
Equity	Equity Preferred and common stocks are measured at par value for all shares issued. Incremental costs incurred directly attributable to the issuance of new shares are shown in equity as a deduction from proceeds, net of tax. Proceeds and/or fair value of considerations received in excess of par value are recognized as capital in excess of par value in our consolidated statement of changes in equity and consolidated statements of financial position. Treasury stocks are our own equity instruments which are reacquired and recognized at cost and presented as reduction in equity. No gain or loss is recognized in our consolidated income statements on the purchase, sale, reissuance or cancellation of our own equity instruments. Any difference between the carrying amount and the consideration upon reissuance or cancellation of shares is recognized as capital in excess of par value in our consolidated statement of changes in equity and consolidated statements of financial position. Change in the ownership interest of a subsidiary, without loss of control, is accounted for as an equity transaction and any impact is presented as part of capital in excess of par value in our consolidated statement of changes in equity. Retained earnings represent our net accumulated earnings less cumulative dividends declared. Other comprehensive income comprises of income and expense, including reclassification adjustments that are not recognized in our consolidated income statement as required or permitted by IFRS.
Standards Issued But Not Yet Effective	Standards Issued But Not Yet Effective The standards that are issued, but not yet effective, up to the date of issuance of the consolidated financial statements are listed below. We will adopt these standards and amendments to existing standards which are relevant to us when these become effective. Effective beginning on or after January 1, 2023 • Amendments to IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors, Definition of Accounting Estimates The amendments introduce a new definition of accounting estimates and clarify the distinction between changes in accounting estimates and changes in accounting policies and the correction of errors. Also, the amendments clarify that the effects on an accounting estimate of a change in an input or a change in a measurement technique are changes in accounting estimates if they do not result from the correction of prior period errors. An entity applies the amendments to changes in accounting policies and changes in accounting estimates that occur on or after January 1, 2023 with earlier adoption permitted. The amendments will have no significant impact on our consolidated financial statements. • Amendments to IAS 1, Presentation of Financial Statements and IFRS Practice Statement 2, Making Materiality Judgements, Disclosure of Accounting Policies The amendments provide guidance and examples to help entities apply materiality judgements to accounting policy disclosures. The amendments aim to help entities provide accounting policy disclosures that are more useful by: a. Replacing the requirement for entities to disclose their ‘significant’ accounting policies with a requirement to disclose their ‘material’ accounting policies; and b. Adding guidance on how entities apply the concept of materiality in making decisions about accounting policy disclosures. The amendments to the Practice Statement provide non-mandatory guidance. Meanwhile, the amendments to IAS 1 are effective for annual periods beginning on or after January 1, 2023. Early application is permitted as long as this fact is disclosed. We are currently assessing the impact of the amendments to our disclosures on accounting policies. • Amendments to IAS 12, Income Taxes, Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction The amendments narrow the scope of the initial recognition exception under IAS 12, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences. The amendments also clarify that where payments that settle a liability are deductible for tax purposes, it is a matter of judgement (having considered the applicable tax law) whether such deductions are attributable for tax purposes to the liability recognized in the financial statements (and interest expense) or to the related asset component (and interest expense). An entity applies the amendments to transactions that occur on or after the beginning of the earliest comparative period presented for annual reporting periods on or after January 1, 2023. Early application is permitted. The amendments will have no impact on our consolidated financial statements. Effective beginning on or after January 1, 2024 • Amendments to IAS 1, Classification of Liabilities as Current or Noncurrent The amendments clarify: a. That only covenants with which an entity must comply on or before reporting date will affect a liability's classification as current or non-current; b. That classification is unaffected by the likelihood that an entity will exercise its deferral right; and c. That only if an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification The amendments are effective for annual reporting periods beginning on or after January 1, 2024 and must be applied retrospectively. We are currently assessing the impact the amendments will have on current practice. • Amendments to IFRS 16, Lease Liability in a Sale and Leaseback The amendments specify how a seller-lessee measures the lease liability arising in a sale and leaseback transaction in a way that it does not recognize any amount of the gain or loss that relates to the right of use retained. The amendments are effective for annual reporting periods beginning on or after January 1, 2024 and must be applied retrospectively. Earlier adoption is permitted and that fact must be disclosed. The amendments will have no significant impact on our consolidated financial statements. Effective beginning on or after January 1, 2025 • IFRS 17 , Insurance Contracts IFRS 17 is a comprehensive new accounting standard for insurance contracts covering recognition and measurement, presentation and disclosure. Once effective, IFRS 17 will replace IFRS 4, Insurance Contracts . This new standard on insurance contracts applies to all types of insurance contracts (i.e., life, non-life, direct insurance and re-insurance), regardless of the type of entities that issue them, as well as to certain guarantees and financial instruments with discretionary participation features. A few scope exceptions will apply. The overall objective of IFRS 17 is to provide an accounting model for insurance contracts that is more useful and consistent for insurers. In contrast to the requirements in IFRS 4, which are largely based on grandfathering previous local accounting policies, IFRS 17 provides a comprehensive model for insurance contracts, covering all relevant accounting aspects. The core of IFRS 17 is the general model, supplemented by: 1. A specific adaptation for contracts with participation features (the variable fee approach); and 2. A simplified approach (the premium allocation approach) mainly for short-duration contracts. IFRS 17 is effective for reporting periods beginning on or after January 1, 2023, with comparative figures required. Early application is permitted. The standard will have no significant impact on our consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Significant Accounting Policies [Abstract]
Summary of Subsidiaries	Our consolidated financial statements include the financial statements of PLDT and the following subsidiaries (collectively, the “PLDT Group”) as at December 31, 2022 and 2021: 2022 2021 Place of Percentage of Ownership Name of Subsidiary Incorporation Principal Business Activity Direct Indirect Direct Indirect Wireless Smart: Philippines Cellular mobile services 100.0 — 100.0 — Smart Broadband, Inc., or SBI, and Subsidiary Philippines Internet broadband distribution services — 100.0 — 100.0 Primeworld Digital Systems, Inc., or PDSI Philippines Internet broadband distribution services — 100.0 — 100.0 I-Contacts Corporation Philippines Operations support servicing business — 100.0 — 100.0 Far East Capital Limited, or FECL (a) Cayman Islands Cost effective offshore financing and risk — 100.0 — 100.0 PH Communications Holdings Corporation Philippines Investment company — 100.0 — 100.0 Connectivity Unlimited Resource Enterprise Philippines Cellular mobile services — 100.0 — 100.0 Francom Holdings, Inc. Philippines Investment company — 100.0 — 100.0 Chikka Holdings Limited, or Chikka, and Subsidiaries, or Chikka Group (a) British Virgin Islands Content provider, mobile applications development and services — 100.0 — 100.0 Wifun, Inc. Philippines Software developer and selling of WiFi access equipment — 100.0 — 100.0 PLDT Global, Inc. (b) Philippines Cross-border digital platforms and other allied services 100.0 — 100.0 — ACeS Philippines Cellular Satellite Corporation, or ACeS Philippines (a) Philippines Satellite information and messaging services 88.5 11.5 88.5 11.5 Digitel Mobile Philippines, Inc., or DMPI, (a wholly-owned subsidiary of Digitel) Philippines Cellular mobile services — 99.6 — 99.6 Fixed Line PLDT Clark Telecom, Inc., or ClarkTel Philippines Telecommunications services 100.0 — 100.0 — PLDT Subic Telecom, Inc., or SubicTel Philippines Telecommunications services 100.0 — 100.0 — PLDT Global Corporation, or PLDT Global, and Subsidiaries British Virgin Islands Telecommunications services 100.0 — 100.0 — Smart-NTT Multimedia, Inc. (a) Philippines Data and network services 100.0 — 100.0 — PLDT-Philcom, Inc., or Philcom, and Subsidiaries, or Philcom Group Philippines Telecommunications services 100.0 — 100.0 — Talas Data Intelligence, Inc. Philippines Business infrastructure and solutions; intelligent data 100.0 — 100.0 — Multisys Technologies Corporation, or Multisys (c) Philippines Software development and IT solutions services — 50.7 — — (a) Ceased commercial operations. (b) On June 30, 2021, the Philippine SEC approved the amendment of Telesat, Inc.’s Articles of Incorporation, resulting to the adoption of (i) a new corporate name —“PLDT Global Inc.”; and (ii) a revised primary purpose stating that the Company will now be in the business of providing various cross-border digital platforms and other allied services for global customers, especially for overseas/offshore Filipinos. (c) On July 29, 2022, PLDT Global Investments Holdings, Inc., or PGIH, acquired additional 227 common shares of Multisys, thereby increasing its ownership from 45.73 % to 50.72 %. 2022 2021 Place of Percentage of Ownership Name of Subsidiary Incorporation Principal Business Activity Direct Indirect Direct Indirect ePLDT, Inc., or ePLDT: Philippines Information and communications infrastructure for 100.0 — 100.0 — IP Converge Data Services, Inc., or IPCDSI, and Subsidiary, or IPCDSI Group Philippines Information and communications infrastructure for — 100.0 — 100.0 Curo Teknika, Inc., or Curo Philippines Managed IT outsourcing — 100.0 — 100.0 ABM Global Solutions, Inc., or AGS, and Subsidiaries, or AGS Group (a) Philippines Internet-based purchasing, IT consulting and professional services — 100.0 — 100.0 ePDS, Inc., or ePDS (a) Philippines Bills printing and other related value-added services, or VAS — 100.0 — 100.0 netGames, Inc. (a) Philippines Gaming support services — 57.5 — 57.5 MVP Rewards Loyalty Solutions, Inc., or MRSI (a) Philippines Full-services customer rewards and loyalty programs — 100.0 — 100.0 VITRO, Inc., or Vitro (d) Philippines Information and communications infrastructure for — 100.0 — — Digitel Philippines Telecommunications services 99.6 — 99.6 — Digitel Information Technology Services, Inc. (a) Philippines Internet services — 99.6 — 99.6 PLDT-Maratel, Inc., or Maratel Philippines Telecommunications services 98.0 — 98.0 — Bonifacio Communications Corporation, or BCC Philippines Telecommunications, infrastructure and related VAS 75.0 — 75.0 — Pacific Global One Aviation Company, Inc., or PG1 (e) Philippines Air transportation business — — 65.3 — Pilipinas Global Network Limited, or PGNL, and Subsidiaries British Virgin Islands International distributor of Filipino channels and content 64.6 — 64.6 — Others PGIH Philippines Investment company 100.0 — 100.0 — PLDT Digital Investments Pte. Ltd., or PLDT Digital, and Subsidiaries Singapore Investment company 100.0 — 100.0 — Mabuhay Investments Corporation, or MIC (f) Philippines Investment company 67.0 — 67.0 — PLDT Global Investments Corporation, or PGIC (g) British Virgin Islands Investment company — — — 100.0 PLDT Communications and Energy Ventures, Inc., or PCEV Philippines Investment company — 99.9 — 99.9 (d) On February 2, 2022, the Philippine SEC appro On March 16, 2023, PLDT entered into ved the incorporation of Vitro, a wholly-owned subsidiary of ePLDT. (e) On February 28, 2022, PLDT signed a of Deed of Assignment and other related agreements, under which other investors acquired a total of Php 44.7 million worth of 65.3 % to 47.6 %. Consequently, PLDT accounted for its remaining interest in PG1 as an investment in associate. (f) Ceased commercial operations. On August 9, 2022, the Philippine SEC approved MIC's application for amendment of its Articles of Incorporation to shorten its corporate term until September 30, 2023. (g) PGIC is a wholly-owned subsidiary of PG1 after the execution on March 31, 2022 of Instrument of Transfer between PLDT Global (the former parent company of PGIC) and PG1 of the ordinary shares

Operating Segment Information (

Operating Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of operating segments [abstract]
Summary of Operating Segments	The segment revenues, net income, and other segment information of our reportable operating segments for the years ended December 31, 2022, 2021 and 2020, and as at December 31, 2022 and 2021 are as follows: Wireless Fixed Line Others Inter- Consolidated (in million pesos, except for EBITDA margin) December 31, 2022 Revenues External customers 103,482 101,763 — — 205,245 Service revenues 95,060 101,167 — — 196,227 Non-service revenues 8,422 596 — — 9,018 Inter-segment transactions 792 26,949 — ( 27,741 ) — Service revenues 792 26,949 — ( 27,741 ) — Non-service revenues — — — — — Total revenues 104,274 128,712 — ( 27,741 ) 205,245 Results Depreciation and amortization 52,660 55,790 — ( 9,736 ) 98,714 Asset impairment 1,173 4,933 1 — 6,107 Interest income 451 202 14 ( 14 ) 653 Equity share in net losses of associates and joint ventures — ( 253 ) ( 3,051 ) — ( 3,304 ) Financing costs – net 8,349 6,107 — ( 2,690 ) 11,766 Provision for (benefit from) income tax 3,793 ( 1,025 ) ( 134 ) 140 2,774 Net income (loss) / Segment profit (loss) 15,104 16,185 ( 2,669 ) ( 17,885 ) 10,735 EBITDA 53,260 50,382 ( 12 ) ( 9,685 ) 93,945 EBITDA margin 56 % 39 % — — 48 % Core income (loss) 13,034 38,448 ( 2,959 ) ( 17,956 ) 30,567 Telco core income (loss) 13,034 37,970 68 ( 17,956 ) 33,116 Assets and liabilities Operating assets 310,549 257,976 10,768 ( 24,313 ) 554,980 Investments in associates and joint ventures 40 43,304 8,202 — 51,546 Deferred income tax assets – net 6,871 9,280 53 1,432 17,636 Total assets 317,460 310,560 19,023 ( 22,881 ) 624,162 Operating liabilities 246,170 272,489 1,630 ( 10,292 ) 509,997 Deferred income tax liabilities — 204 — — 204 Total liabilities 246,170 272,693 1,630 ( 10,292 ) 510,201 Other segment information Capital expenditures, including capitalized interest (Note 9) (a) 46,636 50,174 — — 96,810 (a) Wireless Fixed Line Others Inter- Consolidated (in million pesos, except for EBITDA margin) December 31, 2021 Revenues External customers 105,492 87,765 — — 193,257 Service revenues 98,512 87,239 — — 185,751 Non-service revenues 6,980 526 — — 7,506 Inter-segment transactions 1,127 29,298 — ( 30,425 ) — Service revenues 1,127 29,290 — ( 30,417 ) — Non-service revenues — 8 — ( 8 ) — Total revenues 106,619 117,063 — ( 30,425 ) 193,257 Results Depreciation and amortization 40,459 22,139 — ( 10,429 ) 52,169 Asset impairment 1,241 3,743 1 — 4,985 Interest income 355 275 26 — 656 Equity share in net gains (losses) of associates and joint ventures — 103 ( 1,204 ) — ( 1,101 ) Financing costs – net 7,551 6,029 — ( 3,166 ) 10,414 Provision for (benefit from) income tax 3,366 4,103 ( 270 ) 279 7,478 Net income (loss) / Segment profit (loss) 9,434 26,146 384 ( 9,288 ) 26,676 EBITDA 60,876 45,832 ( 7 ) ( 10,801 ) 95,900 EBITDA margin 61 % 39 % — — 52 % Core income (loss) 13,645 26,298 ( 666 ) ( 9,340 ) 29,937 Telco core income (loss) 13,645 25,736 192 ( 9,340 ) 30,233 Assets and liabilities Operating assets 299,513 285,083 7,351 ( 32,368 ) 559,579 Investments in associates and joint ventures 39 43,519 9,806 — 53,364 Deferred income tax assets – net 4,695 8,433 ( 81 ) 338 13,385 Total assets 304,247 337,035 17,076 ( 32,030 ) 626,328 Operating liabilities 213,219 293,162 1,023 ( 8,710 ) 498,694 Deferred income tax liabilities — 169 — — 169 Total liabilities 213,219 293,331 1,023 ( 8,710 ) 498,863 Other segment information Capital expenditures, including capitalized interest (Note 9) 36,898 52,085 — — 88,983 Wireless Fixed Line Others Inter- Consolidated (in million pesos, except for EBITDA margin) December 31, 2020 Revenues External customers 101,789 79,215 — — 181,004 Service revenues 95,748 77,886 — — 173,634 Non-service revenues 6,041 1,329 — — 7,370 Inter-segment transactions 2,422 19,524 — ( 21,946 ) — Service revenues 2,422 19,524 — ( 21,946 ) — Non-service revenues — — — — — Total revenues 104,211 98,739 — ( 21,946 ) 181,004 Results Depreciation and amortization 35,134 19,383 — ( 7,037 ) 47,480 Asset impairment 2,196 5,490 1 ( 41 ) 7,646 Interest income 537 636 92 ( 55 ) 1,210 Equity share in net gains (losses) of associates and joint ventures — ( 50 ) 2,378 — 2,328 Financing costs – net 6,886 6,059 55 ( 2,914 ) 10,086 Provision for (benefit from) income tax 4,536 3,734 ( 617 ) 788 8,441 Net income (loss) / Segment profit (loss) 15,166 14,509 ( 318 ) ( 4,777 ) 24,580 EBITDA 60,272 33,405 ( 12 ) ( 7,507 ) 86,158 EBITDA margin 61 % 34 % — — 50 % Core income (loss) 16,440 15,463 193 ( 4,967 ) 27,129 Telco core income (loss) 17,217 13,649 2,188 ( 4,967 ) 28,087 Assets and liabilities Operating assets 219,412 319,384 6,371 ( 41,000 ) 504,167 Investments in associates and joint ventures 40 43,690 8,393 — 52,123 Deferred income tax assets – net 6,943 11,628 ( 350 ) 1,335 19,556 Total assets 226,395 374,702 14,414 ( 39,665 ) 575,846 Operating liabilities 227,687 274,614 1,457 ( 48,303 ) 455,455 Deferred income tax liabilities 23 330 — 373 726 Total liabilities 227,710 274,944 1,457 ( 47,930 ) 456,181 Other segment information Capital expenditures, including capitalized interest (Note 9) 33,118 38,786 — — 71,904
Summary of Reconciliation of Consolidated Net Income to Consolidated EBITDA	The following table shows the reconciliation of our consolidated net income to our consolidated EBITDA for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (in million pesos) Consolidated net income 10,735 26,676 24,580 Add (deduct) adjustments: Depreciation and amortization (Notes 9 and 10) 98,714 52,169 47,480 Financing costs – net (Note 5) 11,766 10,414 10,086 Foreign exchange losses (gains) – net (Notes 5 and 28) 4,685 3,890 ( 1,488 ) Equity share in net losses of associates and joint ventures (Note 11) 3,304 1,101 2,328 Provision for income tax (Note 7) 2,774 7,478 8,441 Other non-recurring expenses 504 148 — Amortization of intangible assets (Note 15) 228 2,822 2,496 Interest income (Note 5) ( 653 ) ( 656 ) ( 1,210 ) Loss (gains) on derivative financial instruments – net (Note 28) ( 2,322 ) ( 1,400 ) 378 Other income (expenses) – net ( 35,790 ) ( 6,742 ) ( 6,933 ) Net loss (gain) on debt modification (Note 5) 295 ( 1,372 ) — VIH gain on dilution of shares (Notes 5 and 11) ( 660 ) ( 826 ) ( 394 ) Income from prescription of preferred shares redemption liability (Note 20) ( 7,839 ) — — Gain on sale and leaseback of telecom towers – gross of expenses (Note 9) ( 25,234 ) — — Others ( 2,352 ) ( 4,544 ) ( 6,539 ) Total adjustments 83,210 69,224 61,578 Consolidated EBITDA 93,945 95,900 86,158
Summary of Reconciliation of Consolidated Net Income to Consolidated Core Income	The following table shows the reconciliation of our consolidated net income to our consolidated core income and telco core income for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (in million pesos) Consolidated net income 10,735 26,676 24,580 Add (deduct) adjustments: Accelerated depreciation 51,204 1,110 — Manpower rightsizing program, or MRP (Note 5) 5,028 269 2,625 Foreign exchange losses – net (Notes 5 and 28) 4,685 3,890 ( 1,488 ) Other non-recurring expenses 810 — — Net loss (gain) on debt modification – net of amortization of debt 470 ( 1,339 ) — Impairment of investments and investment derecognized (Notes 11 and 12) 50 60 659 Sun Trademark amortization (Note 15) — 2,628 1,877 Losses from changes in fair value of financial assets at FVPL — 174 — CREATE Act impact for prior year deferred taxes — ( 355 ) — Core income adjustment on equity share in net income of associates and ( 195 ) ( 7 ) ( 6 ) Net income attributable to noncontrolling interests ( 250 ) ( 309 ) ( 296 ) Loss (gains) on derivative financial instruments – net, excluding hedge costs (Note 28) ( 2,572 ) ( 1,651 ) 284 Income from prescription of preferred shares redemption liability (Note 20) ( 7,839 ) — — Gain on sale and leaseback of telecom towers – net of expenses (Note 9) ( 24,563 ) — — Net tax effect of aforementioned adjustments ( 6,996 ) ( 1,209 ) ( 1,106 ) Total adjustments 19,832 3,261 2,549 Consolidated core income 30,567 29,937 27,129 Add (deduct) adjustments: Share in VIH losses 3,239 1,981 1,954 Accelerated depreciation – net of tax — — 1,496 Loss on sale of Rocket Internet SE shares — — 364 Gain from condonation of debt — — ( 240 ) Gain on sale and leaseback of Smart Headquarters – net of tax — — ( 2,293 ) Gain on asset sales – net of tax (Note 5) ( 30 ) ( 983 ) — VIH gain on dilution – net of tax ( 660 ) ( 702 ) ( 323 ) Total adjustments 2,549 296 958 Telco core income 33,116 30,233 28,087
Summary of Reconciliation of Consolidated Basic and Diluted Core EPS to Consolidated Basic and Diluted EPS Attributable to Common Equity Holder of PLDT	The following table shows the reconciliation of our consolidated basic and diluted core EPS to our consolidated basic and diluted EPS attributable to common equity holder of PLDT for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 Basic Diluted Basic Diluted Basic Diluted Consolidated core EPS 141.20 141.20 138.29 138.29 125.29 125.29 Add (deduct) adjustments: Gain on sale and leaseback of telecom towers – 86.95 86.95 — — — — Income from prescription of preferred redemption 27.21 27.21 — — — — Gains on derivative financial instruments – 8.93 8.93 5.73 5.73 ( 0.92 ) ( 0.92 ) Core income adjustment on equity share in net income of associates and joint ventures 0.90 0.90 0.03 0.03 0.03 0.03 CREATE Act impact on deferred taxes – net — — 1.64 1.64 — — Losses from changes in fair value of financial assets — — ( 0.81 ) ( 0.81 ) — — Sun Trademark amortization — — ( 9.12 ) ( 9.12 ) ( 6.08 ) ( 6.08 ) Impairment of investments ( 0.23 ) ( 0.23 ) ( 0.28 ) ( 0.28 ) ( 3.05 ) ( 3.05 ) Net gains (loss) on debt modification – ( 1.63 ) ( 1.63 ) 4.65 4.65 — — Impairment of property and equipment ( 3.60 ) ( 3.60 ) — — — — Foreign exchange losses – net ( 16.26 ) ( 16.26 ) ( 13.50 ) ( 13.50 ) 5.36 5.36 MRP ( 17.46 ) ( 17.46 ) ( 1.02 ) ( 1.02 ) ( 8.51 ) ( 8.51 ) Accelerated depreciation ( 177.75 ) ( 177.75 ) ( 3.85 ) ( 3.85 ) — — Total adjustments ( 92.94 ) ( 92.94 ) ( 16.53 ) ( 16.53 ) ( 13.17 ) ( 13.17 ) Consolidated EPS attributable to common equity 48.26 48.26 121.76 121.76 112.12 112.12
Summary of Revenues from External Customers by Category of Products and Services	The following table presents our revenues from external customers by category of products and services for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (in million pesos) Wireless services Service revenues: Mobile 93,029 95,619 95,589 Home broadband 2,028 2,889 40 MVNO and others 3 4 119 95,060 98,512 95,748 Non-service revenues: Sale of mobile handsets and broadband data modems 8,422 6,980 6,041 Total wireless revenues 103,482 105,492 101,789 Fixed line services Service revenues: Voice 22,249 20,222 19,484 Data 78,692 66,760 58,064 Miscellaneous 226 257 338 101,167 87,239 77,886 Non-service revenues: Sale of computers, phone units and SIM cards 495 454 1,140 Point-product-sales 101 72 189 596 526 1,329 Total fixed line revenues 101,763 87,765 79,215 Total revenues 205,245 193,257 181,004

Income and Expenses (Tables)

Income and Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Analysis of income and expense [abstract]
Summary of Revenues from Contracts with Customers	Set out is the disaggregation of PLDT Group’s revenues from contracts with customers for the years ended December 31, 2022, 2021 and 2020: Revenue Streams Wireless Fixed Line Others Inter- Consolidated (in million pesos) December 31, 2022 Type of good or service Service revenue 95,852 128,116 — ( 27,741 ) 196,227 Non-service revenue 8,422 596 — — 9,018 Total revenues from contracts with customers 104,274 128,712 — ( 27,741 ) 205,245 Timing of revenue recognition Transferred over time 95,852 128,116 — ( 27,741 ) 196,227 Transferred at a point time 8,422 596 — — 9,018 Total revenues from contracts with customers 104,274 128,712 — ( 27,741 ) 205,245 December 31, 2021 Type of good or service Service revenue 99,639 116,529 — ( 30,417 ) 185,751 Non-service revenue 6,980 534 — ( 8 ) 7,506 Total revenues from contracts with customers 106,619 117,063 — ( 30,425 ) 193,257 Timing of revenue recognition Transferred over time 99,639 116,529 — ( 30,417 ) 185,751 Transferred at a point time 6,980 534 — ( 8 ) 7,506 Total revenues from contracts with customers 106,619 117,063 — ( 30,425 ) 193,257 December 31, 2020 Type of good or service Service revenue 98,170 97,410 — ( 21,946 ) 173,634 Non-service revenue 6,041 1,329 — — 7,370 Total revenues from contracts with customers 104,211 98,739 — ( 21,946 ) 181,004 Timing of revenue recognition Transferred over time 98,170 97,410 — ( 21,946 ) 173,634 Transferred at a point time 6,041 1,329 — — 7,370 Total revenues from contracts with customers 104,211 98,739 — ( 21,946 ) 181,004
Summary of Contract Balances	Contract balances as at December 31, 2022 and 2021 consists of the following: 2022 2021 (in million pesos) Trade and other receivables (Note 17) 39,916 35,625 Contract assets 2,278 2,306 Contract liabilities and unearned revenues (Notes 22 and 24) 17,114 13,621
Summary of Movement in Allowance for Expected Credit Losses of Contracts Assets	Set out below is the movement in the allowance for expected credit losses of contracts assets for the years ended December 31, 2022, 2021 and 2020. 2022 2021 2020 (in million pesos) Balances at beginning of the year 55 92 70 Provisions 4 32 — Reclassification ( 14 ) ( 69 ) 22 Balances at end of the year 45 55 92
Summary of Changes in Contract Liabilities and Unearned Revenues Accounts	Changes in the contract liabilities and unearned revenues accounts for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Balances at beginning of the year 13,621 9,571 8,483 Deferred during the year 123,218 138,346 127,160 Recognized as revenue during the year ( 119,725 ) ( 134,296 ) ( 126,072 ) Balances at end of the year 17,114 13,621 9,571
Summary of Contract Liabilities and Unearned Revenues Account	The contract liabilities and unearned revenues accounts as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Unearned revenues from prepaid contracts 5,842 6,716 Leased facilities 4,938 2,045 Short-term advances for installation services 4,180 2,355 Advance monthly service fees 2,136 2,476 Long-term advances from equipment 18 29 Total contract liabilities and unearned revenues 17,114 13,621 Contract liabilities: Noncurrent (Note 22) 204 223 Current (Note 24) 5 21 Unearned revenues: Noncurrent (Note 22) 7,411 3,335 Current (Note 24) 9,494 10,042
Summary of Selling, General and Administrative Expenses	Selling, general and administrative expenses for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Compensation and employee benefits 29,812 25,344 26,833 Repairs and maintenance (Notes 14, 18 and 25) 28,981 24,653 21,555 Professional and other contracted services (Note 25) 8,845 8,371 7,307 Selling and promotions (Note 25) 6,560 6,716 6,542 Taxes and licenses 4,059 4,331 5,495 Rent (Notes 10 and 25) 2,031 2,231 1,384 Insurance and security services (Note 25) 1,588 1,739 1,699 Communication, training and travel (Note 25) 1,479 977 903 Amortization of intangible assets (Note 15) 228 2,822 2,496 Other expenses 1,721 1,119 1,041 Total selling, general and administrative expenses 85,304 78,303 75,255
Summary of Compensation and Employee Benefits	Compensation and employee benefits for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Salaries and other employee benefits 21,763 21,676 20,856 MRP 5,028 269 2,625 Pension benefit costs (Note 26) 1,749 2,213 2,218 Incentive plan (Note 26) 1,272 1,186 1,134 Total compensation and employee benefits 29,812 25,344 26,833
Summary of Cost of Sales and Services	Cost of sales and services for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Cost of computers, mobile handsets and broadband data modems (Note 18) 9,775 8,286 8,275 Cost of services (Note 18) 3,488 3,492 2,991 Cost of point-product-sales (Note 18) 1,254 1,563 1,029 Total cost of sales and services 14,517 13,341 12,295
Summary of Asset Impairment	Asset impairment for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Trade and other receivables (Note 17) 5,156 3,737 6,446 Inventories and supplies (Note 18) 414 847 934 Property and equipment (Note 9) 309 148 — Contract assets 227 253 266 Prepayments 1 — — Total asset impairment 6,107 4,985 7,646
Summary of Other Income (Expenses) - Net	Other income (expenses) – net for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Gain on sale and leaseback of telecom towers – gross of expenses (Note 9) 25,234 — — Income from prescription of preferred shares redemption liability (Note 20) 7,839 — — Gains (losses) on derivative financial instruments – net (Note 28) 2,322 1,400 ( 378 ) Reversal of provisions 1,135 2,594 2,679 Gain on dilution of shares (Note 11) 660 826 394 Interest income 653 656 1,210 Gain on deconsolidation of PG1 (Note 11) 377 — — Gain on sale of property and equipment (Note 9) 148 884 3,369 Gain on change in fair value of Phunware, Inc., or Phunware (Note 12) — 306 — Gain on sale of Phunware — 115 — Gain (loss) on debt modification (1) ( 295 ) 1,372 — Equity share in net losses of associates and joint ventures (Note 11) ( 3,304 ) ( 1,101 ) ( 2,328 ) Foreign exchange gains (losses) – net (Note 28) ( 4,685 ) ( 3,890 ) 1,488 Financing costs – net ( 11,766 ) ( 10,414 ) ( 10,086 ) Others – net (Notes 11, 12 and 14) 692 645 491 Total other income (expenses) – net 19,010 ( 6,607 ) ( 3,161 ) (1) PLDT and Smart re-negotiated terms of selected outstanding Philippine Peso loans in 2022 and 2021. Under IFRS 9, the difference of the current carrying value and the present value of the modified cash flows of the loan should be recognized as a gain or loss on debt modification.
Summary of Interest Income	Interest income for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Interest income arising from revenue contracts with customers 294 299 414 Interest income on cash and cash equivalents (Note 16) 255 269 560 Interest income on financial instruments at amortized cost (Note 13) 59 13 143 Interest income on financial instruments at FVPL 12 23 8 Interest income on financial instruments at FVOCI — 2 70 Interest income – others 33 50 15 Total interest income 653 656 1,210
Summary of Financing Costs - Net	Financing costs – net for the years ended December 31, 2022, 2021 and 2020 consist of the following: 2022 2021 2020 (in million pesos) Interest on loans and other related items (Notes 21 and 28) 10,860 10,482 10,333 Accretion on lease liabilities (Note 10) 2,064 1,170 1,125 Accretion on financial liabilities 375 239 146 Financing charges 215 105 79 Capitalized interest (Notes 9 and 29) ( 1,748 ) ( 1,582 ) ( 1,597 ) Total financing costs – net 11,766 10,414 10,086

Components of Other Comprehen_2

Components of Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of analysis of other comprehensive income by item [abstract]
Summary of Changes in Other Comprehensive Loss	Changes in other comprehensive loss under equity of our consolidated statements of financial position for the years ended December 31, 2022, 2021 and 2020 are as follows: Foreign Net loss on Net Revaluation Fair value Actuarial Share in the Fair value Total other Share of Total other (in million pesos) Balances as at January 1, 2022 366 ( 9 ) ( 1,965 ) 544 — ( 35,356 ) ( 14 ) ( 3 ) ( 36,437 ) 15 ( 36,422 ) Other comprehensive income ( 217 ) — ( 2,544 ) — — 2,500 ( 6 ) — ( 267 ) 10 ( 257 ) Closing of other comprehensive — — 1,222 — — — — — 1,222 — 1,222 Balances as at December 31, 2022 149 ( 9 ) ( 3,287 ) 544 — ( 32,856 ) ( 20 ) ( 3 ) ( 35,482 ) 25 ( 35,457 ) Balances as at January 1, 2021 701 ( 9 ) ( 1,202 ) 508 108 ( 35,720 ) ( 37 ) ( 1 ) ( 35,652 ) 9 ( 35,643 ) Other comprehensive income ( 335 ) — ( 763 ) 36 ( 108 ) 364 23 ( 2 ) ( 785 ) 6 ( 779 ) Balances as at December 31, 2021 366 ( 9 ) ( 1,965 ) 544 — ( 35,356 ) ( 14 ) ( 3 ) ( 36,437 ) 15 ( 36,422 ) Balances as at January 1, 2020 722 ( 9 ) ( 896 ) 508 108 ( 31,763 ) — ( 38 ) ( 31,368 ) 15 ( 31,353 ) Other comprehensive income ( 21 ) — ( 306 ) — — ( 3,957 ) ( 37 ) 37 ( 4,284 ) ( 6 ) ( 4,290 ) Balances as at December 31, 2020 701 ( 9 ) ( 1,202 ) 508 108 ( 35,720 ) ( 37 ) ( 1 ) ( 35,652 ) 9 ( 35,643 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Taxes [Abstract]
Summary of Major Components of Consolidated Net Deferred Income Tax Assets and Liabilities	The major components of consolidated net deferred income tax assets and liabilities recognized in our consolidated statements of financial position as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Net deferred income tax assets 17,636 13,385 Net deferred income tax liabilities 204 169
Summary of Components of Net Deferred Income Tax Assets and Liabilities	The components of our consolidated net deferred income tax assets and liabilities as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Net deferred income tax assets: Unearned revenues 6,305 3,022 Lease liability over ROU assets under IFRS 16 3,693 581 Unamortized past service pension costs 3,229 3,364 Accumulated provision for expected credit losses 2,814 2,920 Unrealized foreign exchange gains 1,509 403 Pension and other employee benefits 1,304 3,590 Accumulated write-down of inventories to net realizable values 544 662 Derivative financial instruments 248 ( 30 ) NOLCO 165 10 Fixed asset impairment/depreciation due to shortened life of property and equipment 115 79 Excess MCIT over RCIT 103 1 Taxes and duties capitalized ( 129 ) ( 141 ) Customer list and trademark ( 197 ) 129 Capitalized charges and others ( 2,067 ) ( 1,205 ) Total deferred income tax assets – net 17,636 13,385 Net deferred income tax liabilities: Investment property 240 241 Unrealized foreign exchange gains 10 5 Others ( 46 ) ( 77 ) Total deferred income tax liabilities 204 169
Summary of Changes in Consolidated Net Deferred Income Tax Assets (Liabilities)	Changes in our consolidated net deferred income tax assets (liabilities) as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Net deferred income tax assets – balances at beginning of the year 13,385 19,556 Net deferred income tax liabilities – balances at beginning of the year ( 169 ) ( 726 ) Net balances at beginning of the year 13,216 18,830 Benefit from (provision for) deferred income tax 4,175 ( 2,348 ) Movement charged directly to other comprehensive loss ( 148 ) ( 3,239 ) Others 189 ( 27 ) Net balances at end of the year 17,432 13,216 Net deferred income tax assets – balances at end of the year 17,636 13,385 Net deferred income tax liabilities – balances at end of the year ( 204 ) ( 169 )
Summary of Analysis of Net Deferred Income Tax Assets	The analysis of our consolidated net deferred income tax assets as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Deferred income tax assets: Deferred income tax assets to be recovered after 12 months 15,336 10,127 Deferred income tax assets to be recovered within 12 months 2,300 3,258 17,636 13,385
Summary of Analysis of Net Deferred Income Tax Liabilities	The analysis of our consolidated net deferred income tax liabilities as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Deferred income tax liabilities: Deferred income tax liabilities to be settled after 12 months ( 221 ) ( 173 ) Deferred income tax liabilities to be settled within 12 months 17 4 Net deferred income tax liabilities ( 204 ) ( 169 )
Summary of Provision for (Benefit from) Income Tax	Provision for (benefit from) income tax for the years ended December 31, 2022, 2021 and 2020 consist of: 2022 2021 2020 (in million pesos) Current 6,949 5,130 4,452 Deferred (Note 3) ( 4,175 ) 2,348 3,989 2,774 7,478 8,441
Summary of Reconciliation Between the Provision for Income Tax at the Applicable Statutory Tax Rate and the Actual Provision for Corporate Income Tax	The reconciliation between the provision for income tax at the applicable statutory tax rate and the actual provision for corporate income tax for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Provision for income tax at the applicable statutory tax rate 3,377 8,538 9,906 Tax effects of: Equity share in net loss (income) of associates and joint ventures 427 ( 284 ) ( 20 ) Nondeductible expenses 145 558 144 Loss (income) not subject to income tax 16 ( 50 ) ( 27 ) NOLCO/MCIT expiration 3 248 352 Tax adjustment due to CREATE — 94 — Special deductible items and income subject to lower tax rate ( 141 ) ( 204 ) ( 537 ) Income subject to final tax ( 185 ) ( 186 ) ( 189 ) Difference between Optional Standard Deduction, OSD, and ( 765 ) ( 610 ) ( 426 ) Net movement in unrecognized deferred income tax assets and ( 103 ) ( 626 ) ( 762 ) Actual provision for income tax 2,774 7,478 8,441
Summary of Amount of Unrecognized Deferred Income Tax Assets	The breakdown of our consolidated deductible temporary differences, carryforward benefits of unused tax credits from excess of MCIT over RCIT, and NOLCO (excluding those not recognized due to the adoption of the OSD method) for which no deferred income tax assets were recognized and the equivalent amount of unrecognized deferred income tax assets as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Fixed asset impairment 1,271 1,286 Accumulated provision for expected credit losses 1,042 963 NOLCO 592 327 Pension and other employee benefits 101 75 Lease liability over ROU assets under IFRS 16 38 19 Unearned revenues 16 21 Excess MCIT over RCIT 15 22 Accumulated write-down of inventories to net realizable values 13 13 Interest on subordinated shareholder advances — ( 4 ) Unrealized foreign exchange losses ( 25 ) 28 Provisions ( 114 ) 787 2,949 3,537 Unrecognized deferred income tax assets 748 901
Summary of Breakdown of Consolidated Excess MCIT and NOLCO	The breakdown of our consolidated excess MCIT and NOLCO as at December 31, 2022 are as follows: Date Incurred Expiry Date MCIT NOLCO (in million pesos) December 31, 2020 December 31, 2023 14 — December 31, 2020 December 31, 2025 — — December 31, 2021 December 31, 2024 1 — December 31, 2021 December 31, 2026 — 81 December 31, 2022 December 31, 2025 103 1,016 118 1,097 NOLCO incurred by foreign affiliates which can be — 155 118 1,252 Consolidated tax benefits 118 313 Consolidated unrecognized deferred income tax assets ( 15 ) ( 148 ) Consolidated recognized deferred income tax assets 103 165

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings per share [abstract]
Summary of Information Necessary to Calculate EPS	The following table presents information necessary to calculate the EPS for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 Basic Diluted Basic Diluted Basic Diluted (in million pesos) Consolidated net income attributable to equity holders 10,485 10,485 26,367 26,367 24,284 24,284 Dividends on preferred shares (Note 20) ( 59 ) ( 59 ) ( 59 ) ( 59 ) ( 59 ) ( 59 ) Consolidated net income attributable to common 10,426 10,426 26,308 26,308 24,225 24,225 (in thousands, except per share amounts which are in pesos) Weighted average number of common shares 216,056 216,056 216,056 216,056 216,056 216,056 EPS attributable to common equity holders of PLDT 48.26 48.26 121.76 121.76 112.12 112.12

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Summary of Changes in Property and Equipment Account	Changes in property and equipment account for the years ended December 31, 2022, 2021 and 2020 are as follows: Cable Central Network Buildings Vehicles, Information Land IT Security Property Total (in million pesos) December 31, 2020 Cost 205,338 3,134 298,169 23,647 41,856 46,885 4,427 23,868 104 50,060 697,488 Accumulated depreciation, impairment and ( 147,048 ) ( 2,585 ) ( 186,566 ) ( 18,674 ) ( 35,260 ) ( 29,545 ) ( 279 ) ( 16,651 ) ( 12 ) — ( 436,620 ) Net book value 58,290 549 111,603 4,973 6,596 17,340 4,148 7,217 92 50,060 260,868 December 31, 2020 Net book value at beginning of the year 58,290 549 111,603 4,973 6,596 17,340 4,148 7,217 92 50,060 260,868 Additions (Note 4) 1,306 906 141 145 570 5,678 43 23 145 80,026 88,983 Disposals/Retirements ( 9 ) ( 1 ) ( 81 ) ( 27 ) ( 52 ) — ( 163 ) — — — ( 333 ) Reclassifications — 1,850 — 2,795 55 — — — — ( 4,554 ) 146 Impairment losses recognized during the year (Note 5) ( 27 ) — ( 121 ) — — — — — — — ( 148 ) Transfers and others 22,641 — 30,328 629 195 10,077 145 4,900 107 ( 69,022 ) — Translation differences charged directly — — 1 — ( 1 ) — — 1 — — 1 Adjustments 8 — — ( 8 ) — — — — — — — Depreciation and amortization ( 10,676 ) ( 552 ) ( 23,282 ) ( 1,091 ) ( 2,124 ) ( 5,245 ) ( 10 ) ( 3,635 ) ( 166 ) — ( 46,781 ) Net book value at end of the year 71,533 2,752 118,589 7,416 5,239 27,850 4,163 8,506 178 56,510 302,736 December 31, 2021 Cost 229,160 5,896 327,195 26,838 40,586 62,595 4,451 27,099 355 56,510 780,685 Accumulated depreciation, impairment and ( 157,627 ) ( 3,144 ) ( 208,606 ) ( 19,422 ) ( 35,347 ) ( 34,745 ) ( 288 ) ( 18,593 ) ( 177 ) — ( 477,949 ) Net book value 71,533 2,752 118,589 7,416 5,239 27,850 4,163 8,506 178 56,510 302,736 December 31, 2022 Net book value at beginning of the year 71,533 2,752 118,589 7,416 5,239 27,850 4,163 8,506 178 56,510 302,736 Additions (Note 4) 194 265 3,656 31 731 6,389 28 8 — 85,508 96,810 Telecom assets additions subject to subsequent — — 16,841 — — — — — — — 16,841 Disposals/Retirements ( 5 ) — ( 6,529 ) ( 1 ) ( 158 ) — ( 7 ) ( 20 ) — ( 7,976 ) ( 14,696 ) Reclassifications 11 — — — — — — — — ( 11 ) — Reclassifications to assets held-for-sale — — ( 12,372 ) — — — — — — ( 3,641 ) ( 16,013 ) Impairment losses recognized during the year (Note 5) ( 112 ) — ( 66 ) — ( 131 ) — — — — — ( 309 ) Transfers and others 32,323 666 24,155 724 412 8,445 120 8,092 21 ( 74,958 ) — Translation differences charged directly — — — — 1 — — 1 — — 2 Adjustments 7 512 — ( 2 ) ( 240 ) — — — — ( 5 ) 272 Acquisition through business combinations — — — 23 77 — — — — — 100 Depreciation and amortization (Note 3) ( 32,994 ) ( 589 ) ( 42,311 ) ( 1,545 ) ( 1,774 ) ( 7,898 ) ( 32 ) ( 5,789 ) ( 66 ) — ( 92,998 ) Net book value at end of the year 70,957 3,606 101,963 6,646 4,157 34,786 4,272 10,798 133 55,427 292,745 December 31, 2022 Cost 261,429 7,338 328,729 26,788 40,572 77,429 4,591 35,095 377 55,427 837,775 Accumulated depreciation, impairment and ( 190,472 ) ( 3,732 ) ( 226,766 ) ( 20,142 ) ( 36,415 ) ( 42,643 ) ( 319 ) ( 24,297 ) ( 244 ) — ( 545,030 ) Net book value 70,957 3,606 101,963 6,646 4,157 34,786 4,272 10,798 133 55,427 292,745
Summary of Estimated Useful Lives of Property and Equipment	As at December 31, 2022, the estimated useful lives of our property and equipment are as follows: Cable and wire facilities 5 – 15 years Central equipment 3 – 15 years Network facilities 3 – 15 years Buildings 25 – 50 years Vehicles, furniture and other network equipment 3 – 15 years Information origination and termination equipment 5 – 15 years Land improvements 10 years IT systems and platforms 3 – 5 years Security platforms 3 – 5 years Leasehold improvements 3 – 10 years or the term of the lease, whichever is shorter
Summary of Completed Sales	The following summarizes the completed sale of Smart and DMPI as at 2022: Closing Date Number of Tower Assets Sold Cash Consideration Net Book Value (in million pesos) June 1, 2022 3,012 39,228 12,937 August 1, 2022 1,013 13,190 5,253 September 1, 2022 151 1,801 1,606 October 3, 2022 259 3,529 1,377 December 9, 2022 230 2,744 1,701 4,665 60,492 22,874

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Presentation of leases for lessee [abstract]
Schedule of Estimated Useful Life of Right of Use Assets	Our consolidated estimated useful lives of ROU assets as at December 31, 2022 are as follows: Sites 1 – 30 years International leased circuits (1) 1 – 11 years Poles (2) 2 – 12 years Domestic leased circuits (3) 1 – 10 years Office buildings 1 – 25 years Co-located sites 3 – 7 years (1) As at December 31, 2021, the estimated useful life ranges from 1 - 10 years. (2) As at December 31, 2021, the estimated useful life ranges from 1 - 12 years. (3) As at December 31, 2021, the estimated useful life ranges from 1 - 10 years.
Schedule of Changes in Right of Use Assets	Our consolidated rollforward analysis of ROU assets as at December 31, 2022 and 2021 are as follows: Sites International Poles Domestic Office Co-located Sale and Leaseback Adjustment Total (in million pesos) December 31, 2021 Costs: Balances at beginning of the year 17,854 4,288 3,370 1,294 1,781 9 — 28,596 Additions (Note 29) 5,967 226 47 890 184 — — 7,314 Modifications 107 33 230 ( 309 ) ( 9 ) 1 — 53 Asset retirement obligation 211 — — — 2 — — 213 Currency translation — — — — 1 — — 1 Disposals ( 1 ) — ( 16 ) — ( 6 ) — — ( 23 ) Terminations ( 1,045 ) ( 290 ) — ( 143 ) ( 284 ) — — ( 1,762 ) Balances at end of the year 23,093 4,257 3,631 1,732 1,669 10 — 34,392 Accumulated depreciation and amortization: Balances at beginning of the year ( 6,556 ) ( 1,346 ) ( 967 ) ( 427 ) ( 993 ) ( 4 ) — ( 10,293 ) Terminations 889 148 — 35 281 — — 1,353 Disposals 1 — 16 — 6 — — 23 Currency translation — — — — ( 1 ) — — ( 1 ) Modifications ( 1 ) — — — ( 4 ) — — ( 5 ) Depreciation (Note 3) ( 2,999 ) ( 816 ) ( 678 ) ( 574 ) ( 319 ) ( 2 ) — ( 5,388 ) Balances at end of the year ( 8,666 ) ( 2,014 ) ( 1,629 ) ( 966 ) ( 1,030 ) ( 6 ) — ( 14,311 ) Net book value as at December 31, 2021 14,427 2,243 2,002 766 639 4 — 20,081 December 31, 2022 Costs: Balances at beginning of the year 23,093 4,257 3,631 1,732 1,669 10 — 34,392 Additions (Note 29) 32,735 402 116 851 165 5 — 34,274 Business combination 90 — — — — — — 90 Currency translation — — — — 1 — — 1 Disposals — — — — ( 5 ) — — ( 5 ) Asset retirement obligation ( 1,412 ) — — — ( 95 ) — — ( 1,507 ) Modifications ( 7 ) ( 106 ) 432 ( 8 ) 1 — ( 12,776 ) ( 12,464 ) Terminations ( 12,196 ) ( 294 ) — ( 139 ) ( 316 ) — — ( 12,945 ) Balances at end of the year 42,303 4,259 4,179 2,436 1,420 15 ( 12,776 ) 41,836 Accumulated depreciation and amortization: Balances at beginning of the year ( 8,666 ) ( 2,014 ) ( 1,629 ) ( 966 ) ( 1,030 ) ( 6 ) — ( 14,311 ) Terminations 4,931 150 — 71 293 — — 5,445 Charge from asset retirement obligation 1,545 — — — 103 — — 1,648 Disposals — — — — 5 — — 5 Currency translation — — — — ( 1 ) — — ( 1 ) Modifications — — — — ( 10 ) — — ( 10 ) Business combination ( 33 ) — — — — — — ( 33 ) Depreciation (Note 3) ( 3,824 ) ( 832 ) ( 875 ) ( 475 ) ( 347 ) ( 3 ) 640 ( 5,716 ) Balances at end of the year ( 6,047 ) ( 2,696 ) ( 2,504 ) ( 1,370 ) ( 987 ) ( 9 ) 640 ( 12,973 ) Net book value as at December 31, 2022 36,256 1,563 1,675 1,066 433 6 ( 12,136 ) 28,863
Summary of Number of Sites Awarded	The table below enumerates the selected TowerCos and number of BTS sites with SOs under the program: Tower Providers Number of Sites Awarded Unity Digital Infrastructure 50 Alt-Global-Solutions, Inc. 34 Transcend Towers Infrastructure (Philippines) Inc. 13 Communication and Renewable Energy Infrastructure Phils. Inc. 67 Edotco Towers Inc. 10 Frontier Tower Associates Philippines, Inc. 84 ISON Tower Ltd. Inc. 108 MIESCOR Infrastructure Development Corporation 38 Phil-Tower Consortium Inc. 55 SBA Towers Philippines, Inc. 5
Summary of Amounts Recognized in Consolidated Income Statements	The following amounts are recognized in our consolidated income statements for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (in million pesos) Depreciation expense of ROU assets (Note 3) 5,716 5,388 4,940 Interest expense on lease liabilities (Note 5) 2,064 1,170 1,125 Expenses relating to short-term leases 1,440 1,459 618 Variable lease payments (included in general and administrative expenses) (Note 5) 589 771 764 Expenses relating to leases of low-value assets 2 1 2 Total amount recognized in consolidated income statements 9,811 8,789 7,449
Schedule of Changes in Lease Liabilities	Our consolidated rollforward analysis of lease liabilities as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Balances at beginning of the year 21,686 20,025 Additions (Note 29) 34,277 7,314 Accretion on lease liabilities (Note 5) 2,064 1,170 Lease modifications 317 33 Foreign exchange gains – net 215 147 Business combination 46 Adjustment — 11 Reclassed to lease liabilities held-for-sale ( 1,668 ) — Termination ( 6,171 ) ( 467 ) Settlement of obligations ( 8,331 ) ( 6,547 ) Balances at end of the year (Notes 3 and 29) 42,435 21,686 Less current portion of lease liabilities (Note 28) 10,477 4,555 Noncurrent portion of lease liabilities (Note 28) 31,958 17,131
Summary of Operating Lease Commitments	Future minimum rentals receivable under non-cancellable operating leases as at December 31, 2022 and 2021 are as follows. 2022 2021 (in million pesos) Within one year 57 51 After one year but not more than five years — — More than five years — — 57 51

Investments in Associates and_2

Investments in Associates and Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 2022
Investment In Associates And Joint Ventures [Line Items]
Disclosure of Detailed Information of Investments in Associates and Joint Ventures	As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Carrying value of investments in associates: MediaQuest PDRs 9,855 9,984 VIH 7,959 7,080 Appcard, Inc., or Appcard 108 110 Asia Outsourcing Beta Limited, or Beta — 32 PG1 — — Digitel Crossing, Inc., or DCI — — AF Payments, Inc., or AFPI — — Asia Netcom Philippines Corp., or ANPC — — 17,922 17,206 Carrying value of investments in joint ventures: VTI, Bow Arken and Brightshare 33,584 33,596 Telecommunications Connectivity, Inc., or TCI 40 39 Multisys — 2,521 PFC — 1 VFC — 1 33,624 36,158 Total carrying value of investments in associates and joint ventures 51,546 53,364 (1) Including subscription payable of Php 620 million as at December 31, 2021. Changes in the cost of investments for the years ended December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Balances at beginning of the year 61,986 60,110 Additions during the year 3,514 1,777 Disposals ( 2,421 ) — Translation and other adjustments ( 59 ) 99 Balances at end of the year 63,020 61,986 Changes in the accumulated impairment losses for the years ended December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Balances at beginning of the year 2,755 2,603 Additions during the year (Note 4) 50 60 Translation and other adjustments — 92 Balances at end of the year 2,805 2,755
Disclosure Of Changes In Accumulated Equity Share In Net Earnings Of Associates And Joint Ventures Explanatory	Changes in the accumulated equity share in net earnings (losses) of associates and joint ventures as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Balances at beginning of the year ( 5,867 ) ( 5,384 ) Share in the other comprehensive income (losses) of associates and joint ( 6 ) 23 Disposals ( 37 ) — Equity share in net losses of associates and joint ventures: ( 3,304 ) ( 1,101 ) VTI, Bow Arken and Brightshare 74 971 TCI 1 ( 1 ) DCI — 33 VFC ( 1 ) — Appcard ( 2 ) 8 PFC ( 2 ) — Multisys ( 95 ) 55 PG1 ( 124 ) — MediaQuest PDRs ( 129 ) 70 VIH ( 3,026 ) ( 2,237 ) Translation and other adjustments 545 595 Balances at end of the year ( 8,669 ) ( 5,867 )
Summary of Subscription Agreements	The following summarizes the subscription agreements entered into by PCEV with VIH: Date Number of Shares Sold Number Total Consideration PCEV's Equity Interest (in millions) March 14, 2018 Acquisition of Ordinary Shares 53.4 465 100 % March 14, 2018 Subscription of Ordinary Shares 95.9 3,806 100 % December 31, 2020 Conversion of notes to Class A2 preference shares 7.9 544 44 % March 12, 2021 Exercise of warrants to subscribe Class A2 preference shares 6.7 447 42 % June 11, 2021 Subscription to Class B convertible preferred shares 15.6 1,218 38 % April 7, 2022 Subscription to Class C convertible preferred shares 27.2 3,252 37 %
Summary of Additional Capital	Smart infused additional capital for the following years: Date Number of Shares Subscription Subscription (in million pesos) March 29, 2019 70 Preferred Shares 1.00 70 March 11, 2020 60 Preferred Shares 1.00 60 March 30, 2021 60 Preferred Shares 1.00 60 March 29, 2022 50 Preferred Shares 1.00 50
Summarized Financial Information of Associates	The following table presents the summarized financial information of our individually immaterial investments in associates for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (in million pesos) Income Statements: Revenues — 20 166 Net income (loss) — 25 ( 116 ) Other comprehensive loss — — — Total comprehensive loss (loss) — 25 ( 116 )
Summary of Identifiable Assets and Liabilities at Date of Acquisition	The fair values of the identifiable assets and liabilities of Multisys at the date of acquisition are as follows: Fair Values Recognized on Acquisition (in million pesos) Assets: Cash and cash equivalents 55 Trade and other receivables – net 261 Work in progress 77 Other current assets 247 Intangible assets – net — Technologies 449 Customer contracts and relationships 220 Property and equipment – net 100 Right-of-use assets – net 57 Deferred tax assets – net 217 Total assets 1,684 Liabilities: Trade and other payables 242 Lease liability 46 Deferred tax liability 96 Retirement benefit obligation 7 Total liabilities 391 1,293 Goodwill from the acquisition (Note 15) 1,565 Total identifiable assets acquired 2,858 Non-controlling interest 633 Purchase consideration transferred 2,225 Cash paid 248 Fair value of previous interest 1,977 2,225
Summary of Sale of Beacon's Meralco Shares to MPIC	In relation to PCEV’s previous investment in Beacon Common and Preferred shares amounting to Php 40,966 million, PCEV has entered into the following Share Purchase Agreements with MPIC: Date Number of Shares Sold Selling Price Deferred Gain Realized (in million pesos) June 6, 2012 282 Preferred Shares 3,563 2,012 May 30, 2016 646 Common shares and 458 Preferred Shares 26,200 4,962 June 13, 2017 646 Common shares and 458 Preferred Shares 21,800 4,962
Summary of Financial Information of Individually Immaterial Joint Investments in Joint Ventures	The following table presents the summarized financial information of our individually immaterial joint investments in joint ventures for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 (in million pesos) Income Statements: Revenues — 754 166 Net income — 13 320 Other comprehensive income — — — Total comprehensive income — 13 320
PG1 [Member]
Investment In Associates And Joint Ventures [Line Items]
Summarized Financial Information of PG1	The summarized financial information of PG1 as at and for the year ended December 31, 2022 is shown below : (in million pesos) Statement of Financial Position: Noncurrent assets 3,283 Current assets 123 Noncurrent liabilities ( 3,146 ) Current liabilities ( 847 ) Deficit ( 587 ) Income Statement: Revenues 70 Depreciation and amortization 153 Interest income — Benefit from income tax — Net loss 267 Other comprehensive loss — Total comprehensive loss 267 Equity share in net loss of PG1 127
VTI, Bow Arken and Brightshare [Member]
Investment In Associates And Joint Ventures [Line Items]
Summarized Financial Information of VTI Bow Arken and Brightshare	The table below presents the summarized financial information of VTI, Bow Arken and Brightshare as at December 31, 2022 and 2021, and for the years ended December 31, 2022, 2021 and 2020: 2022 2021 (in million pesos) Statements of Financial Position: Noncurrent assets 77,543 76,925 Current assets 4,617 4,836 Noncurrent liabilities 9,264 9,442 Current liabilities 2,260 2,155 Equity 70,636 70,164 Carrying amount of assets in VTI, Bow Arken and Brightshare 33,584 33,596 Additional Information: Cash and cash equivalents 2,733 3,183 Current financial liabilities* 142 60 Noncurrent financial liabilities* — — * Excluding trade, other payables and provisions. 2022 2021 2020 (in million pesos) Income Statements: Revenues 4,033 3,772 3,413 Depreciation and amortization 1,569 1,490 1,445 Interest income 45 16 25 Provision for income tax 178 174 196 Net income 148 157 175 Other comprehensive income — — — Total comprehensive income 148 157 175 PLDT's share 74 79 87 CREATE adjustment — 892 — Equity share in net income of VTI, Bow Arken and Brightshare 74 971 87
Carrying Value of Investments	The carrying value of PLDT’s investment in VTI, Bow Arken and Brightshare as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) VTI, Bow Arken and Brightshare equity 70,636 70,164 PLDT's share 50 % 50 % Share in net assets of VTI, Bow Arken and Brightshare 35,318 35,082 Share in adjustment based on liability and ETPI net cash balance 442 442 Reimbursements ( 230 ) ( 155 ) Share in SMC's advances in VTI, Bow Arken and Brightshare ( 840 ) ( 840 ) Non-controlling interests ( 952 ) ( 857 ) Others ( 154 ) ( 76 ) Carrying amount of interest in VTI, Bow Arken and Brightshare 33,584 33,596
Satventures, Inc. [Member]
Investment In Associates And Joint Ventures [Line Items]
Summarized Financial Information of Associates	The table below presents the summarized financial information of Satventures and subsidiaries as at December 31, 2022 and 2021, and for the years ended December 31, 2022, 2021 and 2020: 2022 2021 (in million pesos) Statements of Financial Position: Noncurrent assets 21,910 22,402 Current assets 8,612 7,942 Noncurrent liabilities 2,418 2,304 Current liabilities 11,706 11,440 Equity (1) 16,398 16,600 Carrying amount of interest in Satventures 9,854 9,984 Additional Information: Cash and cash equivalents 688 749 Current financial liabilities (2) 986 386 Noncurrent financial liabilities (2) 1,148 1,319 (1) Including Php 1 billion deposit for preferred stock subscriptions by Mediaquest in 2021. (2) Excluding trade, other payables and provisions. 2022 2021 2020 (in million pesos) Income Statements: Revenues 11,189 11,467 9,127 Depreciation and amortization 1,424 1,268 1,049 Interest income (loss) ( 3 ) 2 16 Interest expense 212 219 241 Provision for income tax 16 200 153 Net income (loss) ( 203 ) 110 260 Other comprehensive income — — — Total comprehensive income (loss) ( 203 ) 110 260 Equity share in net income (loss) of Satventures ( 130 ) 70 166
VIH [Member]
Investment In Associates And Joint Ventures [Line Items]
Summarized Financial Information of Associates	The summarized financial information of VIH as at December 31, 2022 and 2021, and for the years ended December 31, 2022, 2021 and 2020 is shown below: 2022 2021 (in million pesos) Statements of Financial Position: Noncurrent assets 3,514 2,403 Current assets 18,599 10,146 Noncurrent liabilities 252 115 Current liabilities 10,850 5,310 Equity 11,011 7,124 Carrying amount of interest in VIH 7,959 7,080 Additional Information: Cash and cash equivalents 6,410 6,597 Current financial liabilities* 10,740 5,253 * Excluding statutory payables and accrued taxes. 2022 2021 2020 (in million pesos) Income Statements: Revenues 7,683 5,336 4,717 Depreciation and amortization 182 218 237 Interest income (expense) 133 9 ( 516 ) Provision for income tax 2 2 5 Net loss ( 8,155 ) ( 5,541 ) ( 4,880 ) Other comprehensive income (losses) — 30 ( 47 ) Total comprehensive losses ( 8,155 ) ( 5,511 ) ( 4,927 ) Equity share in net losses of VIH* ( 3,026 ) ( 2,237 ) ( 2,392 ) * 2022 Amount includes impact of 2021 audit adjusting entries.
Carrying Value of Investments	The carrying value of PCEV’s investment in VIH as at December 31, 2022 and 2021 are as follows. 2022 2021 (in million pesos) VIH Equity (1) 9,714 6,398 PCEV's noncontrolling interests 36.63 % 38.45 % Share in net assets of VIH 3,558 2,460 Goodwill arising from acquisition 4,401 4,620 Carrying amount of interest in VIH 7,959 7,080 (i) VIH Equity is net of Php 1,297 million and Php 726 million Stock Option in 2022 and 2021, respectively.
AF Payments, Inc. [Member]
Investment In Associates And Joint Ventures [Line Items]
Summary of investment	The summary of investments in AFPI made by Smart as at December 31, 2022 and 2021 is shown below: 2022 2021 (in million pesos) Common shares 625.7 625.7 Preferred shares 364.2 314.2

Financial Assets at FVPL (Table

Financial Assets at FVPL (Tables)	12 Months Ended
	Dec. 31, 2022
Financial assets at fair value through profit or loss [abstract]
Summary of Financial Assets at FVPL	As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Club shares and others 432 339 Phunware — — 432 339

Debt Instruments at Amortized_2

Debt Instruments at Amortized Cost (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Instruments At Amortized Cost [Abstract]
Summary of Debt Instruments at Amortized Cost	As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Retail Treasury Bonds 440 400 BDO Asean Bonds 100 — Fixed Rate Treasury Notes, or FXTN 56 — Time deposits — 207 596 607 Less: Current portion of debt instrument at amortized cost (Note 28) — 207 Noncurrent portion of debt instrument at amortized cost (Note 28) 596 400

Investment Properties (Tables)

Investment Properties (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022 and 2021 are as follows: Land Land Building Total (in million pesos) December 31, 2022 Balances at beginning and end of the year 771 3 155 929 Net gains from fair value adjustments charged to profit or loss 96 ( 1 ) 2 97 Transfers from (to) property and equipment 2 — ( 2 ) — Disposals during the period ( 11 ) — — ( 11 ) Balances at end of the year 858 2 155 1,015 December 31, 2021 Balances at beginning of the year 728 4 163 895 Net gains (losses) from fair value adjustments charged 43 ( 1 ) ( 8 ) 34 Balances at end of the year 771 3 155 929

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Intangible assets and goodwill [abstract]
Summary of Consolidated Goodwill and Intangible Assets of Reportable Segments	The consolidated goodwill and intangible assets of our reportable segments as at December 31, 2022 and 2021 are as follows: 2022 2021 Wireless Fixed Line Total Wireless Fixed Line Total (in million pesos) Franchise 938 — 938 1,124 — 1,124 Customer list — 220 220 — — — Licenses — — — 4 — 4 Others — 450 450 — 28 28 Total intangible assets 938 670 1,608 1,128 28 1,156 Goodwill 56,571 6,370 62,941 56,571 4,808 61,379 Total goodwill and intangible assets 57,509 7,040 64,549 57,699 4,836 62,535
Summary of Future Amortization of Intangible Assets	The consolidated future amortization of intangible assets as at December 31, 2022 are as follows: Year (in million pesos) 2023 48 2024 192 2025 192 2026 191 2027 and onwards 385 1,008

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and cash equivalents [abstract]
Summary of Cash and Cash Equivalents	As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Cash on hand and in banks (Note 28) 16,533 10,616 Temporary cash investments (Note 28) 8,678 13,291 25,211 23,907

Trade and Other Receivables (Ta

Trade and Other Receivables (Tables)	12 Months Ended
	Dec. 31, 2022
Trade and other receivables [abstract]
Summary of Trade and Other Receivables	As at December 31, 2022 and 2021, this account consists of receivables from: 2022 2021 (in million pesos) Retail subscribers (Note 28) 17,216 15,676 Corporate subscribers (Note 28) 15,151 13,079 Foreign administrations (Note 28) 1,058 1,341 Domestic carriers (Note 28) 296 241 Dealers, agents and others (Note 28) 6,195 5,288 39,916 35,625 Less: Allowance for expected credit losses 13,661 13,835 26,255 21,790 The gross carrying amount of financial assets not subject to impairment also represents our maximum exposure to credit risk as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Financial assets at fair value through profit or loss (Note 12) 432 339 Derivative financial assets – net of current portion 81 48 Current portion of derivative financial assets — 93 Total 513 480
Summary of Changes in the Allowance for Expected Credit Losses	The following table explains the changes in the allowance for expected credit losses as at December 31, 2022 and 2021: Retail Subscribers Corporate Subscribers Foreign Domestic Carriers Dealers, Agents Total Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Stage 2 Stage 3 Stage 2 Stage 3 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Lifetime ECL Lifetime ECL Lifetime ECL Lifetime ECL Lifetime ECL Lifetime ECL Total (in million pesos) December 31, 2022 Balances at beginning — 1,573 6,466 — 1,378 3,330 — 121 — 14 87 866 — 3,038 10,797 13,835 Provisions and other — 782 3,420 — 427 489 1 33 — ( 13 ) 3 14 — 1,213 3,943 5,156 Reclassifications and reversals — ( 489 ) 578 — ( 129 ) ( 27 ) — — — — 562 6 — ( 56 ) 557 501 Translation adjustments — — — — 41 24 — — — — — — — 41 24 65 Write-offs — — ( 5,441 ) — — ( 434 ) — ( 21 ) — — — — — — ( 5,896 ) ( 5,896 ) Balances at end of the year — 1,866 5,023 — 1,717 3,382 1 133 — 1 652 886 — 4,236 9,425 13,661 December 31, 2021 Balances at beginning — 2,433 7,557 — 1,380 3,478 9 227 3 58 135 971 — 3,960 12,291 16,251 Provisions and other — ( 820 ) 3,516 — ( 18 ) 1,045 ( 9 ) 4 ( 3 ) 8 ( 48 ) 62 — ( 898 ) 4,635 3,737 Reclassifications and reversals — ( 5 ) 86 — ( 1 ) ( 31 ) — ( 12 ) — — — ( 30 ) — ( 6 ) 13 7 Write-offs — ( 35 ) ( 4,693 ) — — ( 1,168 ) — ( 98 ) — ( 52 ) — ( 137 ) — ( 35 ) ( 6,148 ) ( 6,183 ) Translation adjustments — — — — 17 6 — — — — — — — 17 6 23 Balances at end of the year — 1,573 6,466 — 1,378 3,330 — 121 — 14 87 866 — 3,038 10,797 13,835

Inventories and Supplies (Table

Inventories and Supplies (Tables)	12 Months Ended
	Dec. 31, 2022
Classes of current inventories [abstract]
Summary of Inventories and Supplies	As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Commercial: At net realizable value (1) 2,110 2,109 At cost 2,455 2,835 Network: At net realizable value (1) 577 515 At cost 1,727 1,702 Others: At net realizable value (1) 881 1,038 At cost 1,604 1,813 Total inventories and supplies at the lower of cost or net realizable value 3,568 3,662
Summary of Cost of Inventories and Supplies Recognized as Expense	The cost of inventories and supplies recognized as expense for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Cost of sales 11,287 7,375 8,882 Repairs and maintenance 986 850 613 Provisions (Note 5) 414 847 934 Selling and promotions 4 9 3 12,691 9,081 10,432
Summary of Changes in Allowance for Inventory Obsolescence and Write-down	Changes in the allowance for inventory obsolescence and write-down for the years ended December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Balances at beginning of the year 2,688 2,363 Provisions (Note 5) 414 847 Reclassification 282 ( 73 ) Translation revaluation 2 2 Reversals ( 136 ) ( 11 ) Cost of sales ( 1,032 ) ( 440 ) Balances at end of the year 2,218 2,688

Prepayments (Tables)

Prepayments (Tables)	12 Months Ended
	Dec. 31, 2022
Prepayments [Abstract]
Summary of Prepayments	As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Advances to suppliers and contractors 69,326 82,749 Prepaid taxes 14,911 15,652 Prepaid fees and licenses 1,983 1,631 Prepaid benefit costs (Note 26) 1,598 1,018 Prepaid repairs and maintenance 542 531 Prepaid rent 528 574 Prepaid insurance (Note 25) 120 163 Other prepayments 6,741 5,166 95,749 107,484 Less current portion of prepayments 14,696 12,707 Noncurrent portion of prepayments 81,053 94,777

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [abstract]
Summary of Number of Shares of Subscribed and Outstanding Capital Stock	PLDT’s number of shares of subscribed and outstanding capital stock as at December 31, 2022 and 2021 are as follows: 2022 2021 (in millions) Authorized Non-Voting Serial Preferred Stock 388 388 Voting Preferred Stock 150 150 Common Stock 234 234 Subscribed Non-Voting Serial Preferred Stock (1) 300 300 Voting Preferred Stock 150 150 Common Stock 219 219 Outstanding Non-Voting Serial Preferred Stock (1) 300 300 Voting Preferred Stock 150 150 Common Stock 216 216 Treasury Stock Common Stock 3 3 (1) 300 million shares of Series IV Cumulative Non-Convertible Redeemable Preferred Stock subscribed for Php 3 billion, of which 360 million has been paid.
Summary of Dividends Declared	Our dividends declared for the years ended December 31, 2022, 2021 and 2020 are detailed as follows: December 31, 2022 Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Non-Convertible Series IV* January 25, 2022 February 21, 2022 March 15, 2022 — 12 May 5, 2022 May 20, 2022 June 15, 2022 — 13 August 4, 2022 August 19, 2022 September 15, 2022 — 12 November 3, 2022 November 18, 2022 December 15, 2022 — 12 49 Voting Preferred Stock March 3, 2022 March 23, 2022 April 15, 2022 — 2 June 14, 2022 June 30, 2022 July 15, 2022 — 2 August 24, 2022 September 15, 2022 October 15, 2022 — 3 December 15, 2022 December 29, 2022 January 15, 2023 — 3 10 Common Stock Regular Dividend March 3, 2022 March 17, 2022 April 4, 2022 42.00 9,075 August 4, 2022 August 18, 2022 September 5, 2022 47.00 10,155 Special Dividend August 4, 2022 August 18, 2022 September 5, 2022 28.00 6,049 25,279 Charged to retained earnings 25,338 * Dividends were declared based on total amount paid up. December 31, 2021 Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Non-Convertible Series IV* January 26, 2021 February 22, 2021 March 15, 2021 — 12 May 6, 2021 May 21, 2021 June 15, 2021 — 13 August 5, 2021 August 20, 2021 September 15, 2021 — 12 November 4, 2021 November 19, 2021 December 15, 2021 — 12 49 Voting Preferred Stock March 4, 2021 March 24, 2021 April 15, 2021 — 3 June 8, 2021 June 24, 2021 July 15, 2021 — 2 August 26, 2021 September 13, 2021 October 15, 2021 — 2 December 7, 2021 December 23, 2021 January 15, 2022 — 3 10 Common Stock Regular Dividend March 4, 2021 March 18, 2021 April 6, 2021 40.00 8,642 August 5, 2021 August 19, 2021 September 3, 2021 42.00 9,075 17,717 Charged to retained earnings 17,776 * Dividends were declared based on total amount paid up. December 31, 2020 Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Convertible Series JJ April 8, 2020 February 11, 2020 May 12, 2020 0.0027/day — Cumulative Non-Convertible Series IV* January 28, 2020 February 24, 2020 March 15, 2020 — 12 May 7, 2020 May 21, 2020 June 15, 2020 — 13 August 6, 2020 August 20, 2020 September 15, 2020 — 12 November 5, 2020 November 19, 2020 December 15, 2020 — 12 49 Voting Preferred Stock March 5, 2020 March 25, 2020 April 15, 2020 — 3 June 9, 2020 June 24, 2020 July 15, 2020 — 2 September 29, 2020 October 13, 2020 October 15, 2020 — 2 December 3, 2020 December 18, 2020 January 15, 2021 — 3 10 Common Stock Regular Dividend March 5, 2020 March 19, 2020 April 3, 2020 39.00 8,426 August 6, 2020 August 20, 2020 September 4, 2020 38.00 8,210 16,636 Charged to retained earnings 16,695 * Dividends were declared based on total amount paid up. Our dividends declared after December 31, 2022 are detailed as follows: Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Non-Convertible (*) Series IV January 31, 2023 February 27, 2023 March 15, 2023 — 12 Voting Preferred Stock March 2, 2023 March 17, 2023 April 15, 2023 — 2 Common Stock Regular Dividend March 23, 2023 April 11, 2023 April 21, 2023 45 9,722 Special Dividend March 23, 2023 April 11, 2023 April 21, 2023 14 3,025 12,747 Charged to retained earnings 12,761 * Dividends were declared based on total amount paid up.
Disclosure of Reconciliation of Consolidated Retained Earnings Available for Dividend Declaration Explanatory	The following table shows the reconciliation of our consolidated retained earnings available for dividend declaration as at December 31, 2022: (in million pesos) Parent Company's unappropriated retained earnings available for dividends at beginning of the year 37,249 Adjustments: Unrealized gains in prior years: Fair value adjustments of investment property resulting to gain ( 1,172 ) Unrealized foreign exchange gains – net (except those attributable to cash and cash equivalents) ( 2,362 ) Fair value adjustments (mark-to-market gains) ( 4,211 ) Parent Company's unappropriated retained earnings available for dividends as at January 1, 2021 29,504 Add: Net income actually earned/realized during the year Parent Company’s net income for the year 13,565 Less: Non-actual/unrealized income - net of tax Fair value adjustment of investment property resulting to gain ( 95 ) Fair value adjustments (mark-to-market gains) ( 1,473 ) 11,997 Less: Cash dividends declared during the year Preferred stock ( 59 ) Common stock ( 25,279 ) ( 25,338 ) Parent Company's unappropriated retained earnings available for dividends as at December 31, 2022 16,163

Interest-bearing Financial Li_2

Interest-bearing Financial Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of detailed information about borrowings [abstract]
Summary of Interest-bearing Financial Liabilities	As at December 31, 2022 and 2021, this account consists of the following: 2022 2021 (in million pesos) Long-term portion of interest-bearing financial liabilities: Long-term debt (Notes 28 and 29) 217,288 241,075 Current portion of interest-bearing financial liabilities: Long-term and short-term debt maturing within one year (Notes 28 and 29) 32,292 11,482 249,580 252,557
Summary of Changes to Unamortized Debt Discount	The following table describes all changes to unamortized debt discount for the years ended December 31, 2022 and 2021: 2022 2021 (in million pesos) Unamortized debt discount at beginning of the year 2,857 1,262 Revaluations during the year 20 13 Additions during the year ( 243 ) 1,768 Accretion during the year included as part of financing costs – net (Note 5) ( 355 ) ( 186 ) Unamortized debt discount at end of the year 2,279 2,857
Summary of Long-term Debt	As at December 31, 2022 and 2021, long-term debt consists of: 2022 2021 Description Interest Rates U.S. Php U.S. Php (in millions) U.S. Dollar Debts: Fixed Rate Notes 2.5000 % to 3.4500 % in 2022 and 2021 589 32,892 588 29,971 Term Loans: Others 2.8850 % and US$ LIBOR + 0.7900 % 1.0500 % in 2022 and 2021 161 9,002 205 10,468 750 41,894 793 40,439 Philippine Peso Debts: Fixed Rate Retail Bonds 5.2813 % in 2022 and 5.2250 % to 5.2813 % 2,596 2,594 Term Loans: Unsecured Term Loans 3.9000 % to 5.566 %; PHP BVAL + 0.5000 % to 0.9000 % (floor rate 3.9000 % 4.6250 %) and TDF + 0.2500 % in 2022 3.9000 % to 6.7339 %; PHP BVAL + 0.5000 % to 0.9000 % (floor rate 3.9000 % 4.5000 %) and TDF 0.2500 % in 2021 195,090 209,524 197,686 212,118 Total long-term debt (Notes 28 and 29) 239,580 252,557 Less portion maturing within one year (Note 28) 22,292 11,482 Noncurrent portion of long-term debt (Note 28) 217,288 241,075
Summary of Scheduled Maturities of Consolidated Outstanding Long-term and Short-term Debt at Nominal Values	The scheduled maturities of our consolidated outstanding long-term and short-term debt at nominal values as at December 31, 2022 are as follows: U.S. Dollar Debt Php Debt Total Year U.S. Dollar Php Php Php (in millions) 2023 39 2,177 30,468 32,645 2024 39 2,177 9,465 11,642 2025 14 781 22,020 22,801 2026 14 781 14,205 14,986 2027 14 782 25,825 26,607 2028 and onwards 642 35,833 107,345 143,178 Total long-term debt (Note 28) 762 42,531 209,328 251,859
Disclosure of Loans Explanatory	Outstanding Amounts Repurchase Amount 2022 2021 Loan Amount Issuance Date Trustee Terms Php Dates Paid in U.S. Php U.S. Php (in millions) (in millions) Fixed Rate Notes (1) PLDT US$ 300 M June 23, 2020 The Bank of New Non-amortizing, payable in full upon maturity on January 23, 2031 — — — 295 (*) 16,490 (*) 295 (*) 15,017 (*) PLDT US$ 300 M June 23, 2020 The Bank of New Non-amortizing, payable in full upon maturity on June 23, 2050 — — — 294 (*) 16,402 (*) 293 (*) 14,954 (*) 589 32,892 588 29,971 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The purpose of this loan is to refinance the debt maturing in 2021, prepay outstanding loans and partially finance capital expenditures. Drawn Cancelled Undrawn Outstanding Amounts Amount Amount 2022 2021 Loan Amount Date of Loan Lender(s) Terms Dates Drawn U.S. Dollar Paid in U.S. Php U.S. Php (in millions) (in millions) U.S. Dollar Debts Other Term Loans (1) PLDT US$ 200 M 150 M; 50 M February 26, 2015 MUFG Bank, Commencing 36 months after loan date, with semi-annual Various dates 200 — February 24, — — 15 (*) 764 (*) Smart US$ 100 M December 7, 2015 Mizuho Bank 13 equal semi-annual installments commencing on Various dates 100 — December 7, 2022 — (*) — (*) 15 (*) 781 (*) PLDT US$ 25 M March 22, 2016 NTT TC Leasing Non-amortizing, payable upon maturity on March 30, 2023 March 30, 2016 25 — — 25 (*) 1,395 (*) 25 (*) 1,272 (*) PLDT US$ 25 M January 31, 2017 NTT TC Leasing Non-amortizing, payable upon maturity on March 27, 2024 March 30, 2017 25 — — 25 (*) 1,393 (*) 25 (*) 1,271 (*) Smart US$ 140 M March 4, 2020 PNB Quarterly amortization rates equivalent to: (a) 2.5% of the December 14, 140 — — 111 (*) 6,214 (*) 125 (*) 6,380 (*) 161 9,002 205 10,468 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The purpose of this loan is to finance the capital expenditures and/or to refinance existing loan obligations which were utilized for network expansion and improvement programs. Date of Payments Outstanding Amounts Issuance/ Amount 2022 2021 Loan Amount Agreement Paying Agent Terms Drawdown Php Date Php Php (in millions) (in millions) Fixed Rate Retail Bonds (1) PLDT Php 15,000 M January 22, 2014 Philippine Depositary Php12.4B – non-amortizing, payable in full upon maturity on February 6, 2014 12,400 February 8, 2021 2,596 (*) 2,594 (*) (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The purpose of this loan is to finance the capital expenditures and/or refinance existing loan obligations which were utilized for network expansion and improvement programs. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Term Loans Unsecured Term Loans (1) PLDT Php 2,000 M March 20, RCBC Annual amortization rate of 1% on the fifth-year up to the April 12, 2,000 — January 12, 2022 — 1,900 PLDT Php 1,500 M April 2, 2014 AIA Life Payable in full upon maturity on April 4, 2024 April 4, 2014 1,500 — January 31, — 1,500 PLDT Php 1,000 M May 23, 2014 AIA Life Payable in full upon maturity on May 28, 2024 May 28, 2014 1,000 — February 28, 2022 — 1,000 PLDT Php 1,000 M June 9, 2014 LBP Annual amortization rate of 1% on the first-year up to the June 13, 2014 1,000 — June 13, — 930 PLDT Php 1,500 M July 28, 2014 Union Bank Annual amortization rate of 1% on the first-year up to the July 31, 2014 1,500 — — 1,380 1,395 PLDT Php 2,000 M February 25, BPI Annual amortization rate of 1% on the first-year up to the March 24, 2015 2,000 — — 1,811 (*) 1,810 PLDT Php 3,000 M June 26, 2015 BPI Annual amortization rate of 1% on the first-year up to the June 30, 2015 3,000 — — 2,790 2,820 PLDT Php 5,000 M August 3, 2015 Metrobank Annual amortization rate of 1% on the first-year up to the Various dates in 5,000 — — 4,650 4,700 10,631 16,055 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The purpose of this loan is to finance the capital expenditures and/or refinance existing loan obligations, which were utilized for service improvements and expansion programs. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php 5,000 M August 11, 2015 Metrobank Annual amortization rate of 1% of the principal amount on September 1, 2015 5,000 — — 4,642 (*) 4,690 (*) Smart Php 5,000 M December 11, 2015 BPI Annual amortization rate of 1% of the principal amount on December 21, 2015 5,000 — — 4,642 (*) 4,689 (*) Smart Php 5,000 M December 16, 2015 Metrobank Annual amortization rate of 1% of the principal amount up December 28, 2015 5,000 — — 4,641 (*) 4,688 (*) Smart Php 7,000 M December 18, 2015 China Banking Corporation, Annual amortization rate of 1% of the principal amount on December 28, 7,000 — June 28, — (*) 4,199 (*) PLDT Php 3,000 M July 1, 2016 Metrobank Annual amortization rate of 1% on the first-year up to the February 20, 3,000 — — 2,843 (*) 2,872 (*) PLDT Php 6,000 M July 1, 2016 Metrobank Annual amortization rate of 1% on the first-year up to the August 30, 2016 6,000 — — 5,637 (*) 5,692 (*) 22,405 26,830 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php 8,000 M July 14, 2016 Security Bank Annual amortization rate of 1% of the total amount drawn payable semi-annually starting from the end of the first-year after the initial drawdown date until the ninth-year and the balance payable on maturity on March 1, 2027 February 27, 8,000 — — 7,182 (*) 7,338 (*) PLDT Php 6,500 M September 20, 2016 BPI Annual amortization rate of 1% on the first- year up to November 2, 6,500 — — 6,105 (*) 6,165 (*) Smart Php 3,000 M September 28, 2016 BDO Annual amortization rate of 1% of the principal October 5, 2016 3,000 — — 2,820 2,850 Smart Php 5,400 M September 28, 2016 Union Bank Annual amortization rate of 1% of the principal amount October 24, 5,400 — — 5,074 (*) 5,126 (*) PLDT Php 5,300 M (1) October 14, 2016 BPI Annual amortization rate of 1% on the first-year up to the December 19, 2016 5,300 — — 981 (*) 5,027 (*) Smart Php 2,500 M (2) October 27, 2016 CBC Annual amortization rate of 10% of the amount drawn December 8, 2016 2,500 — December 9, 2022 — 1,750 22,162 28,256 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The amounts of Php1,500 million and Php2,500 million were prepaid on September 19, 2022 and December 19, 2022, respectively. (2) The outstanding balance amounting to Php1,750 million was prepaid on December 9, 2022. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php 4,000 M (1) October 28, Security Bank Semi-annual amortization rate of 1% of the total amount April 5, 2017 4,000 — — 1,881 (*) 1,899 (*) Smart Php 1,000 M December 16, PNB Annual amortization rate of 1% of the amount drawn December 7, 2017 1,000 — — 920 (*) 925 (*) Smart Php 2,000 M December 22, LBP Annual amortization rate of 1% of the amount drawn January 22, 2018 2,000 — — 1,878 (*) 1,940 PLDT Php 3,500 M December 23, LBP Annual amortization rate of 1% on the first-year up to April 5, 2017 3,500 — — 3,317 (*) 3,350 (*) Smart Php 1,500 M April 18, PNB Annual amortization rate of 1% of the amount drawn January 3, 2018 1,500 — — 1,418 (*) 1,455 PLDT Php 2,000 M May 24, 2017 Security Bank Semi-annual amortization rate of Php10 million starting on October 5, 2017 and every six months thereafter with the May 29, 2017 2,000 — — 1,890 1,910 11,304 11,479 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The amount of Php2,000 million was prepaid on May 29, 2017. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php 3,500 M July 5, 2017 LBP Annual amortization rate of 1% on the first- year up to July 10, 2017 3,500 — — 3,325 3,360 PLDT Php 1,500 M August 29, 2017 LBP Annual amortization rate equivalent to 1% of the total April 2, 2018 1,500 — — 1,443 (*) 1,458 (*) Smart Php 1,000 M September 28, 2017 Union Bank Annual amortization rate of 1% of the amount drawn February 19, 2018 1,000 — December 10, — — PLDT Php 2,000 M April 19, 2018 LBP Annual amortization rate equivalent to 1% of the total April 25, 2018 2,000 — — 1,770 (*) 1,767 (*) PLDT Php 1,000 M April 20, 2018 LBP Annual amortization rate equivalent to 1% of the total May 3, 2018 1,000 — — 879 (*) 878 (*) PLDT Php 2,000 M May 9, 2018 BPI Annual amortization rate equivalent to 1% of the May 10, 2018 2,000 — — 1,773 (*) 1,773 (*) 9,190 9,236 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php 2,000 M May 25, 2018 BPI Annual amortization rate equivalent to 1% of the amount May 28, 2018 2,000 — — 1,916 (*) 1,933 (*) Smart Php 1,500 M June 27, 2018 Development Annual amortization rate equivalent to 1% of the June 28, 2018 1,500 — September 28, — 1,485 Smart Php 3,000 M July 31, 2018 BPI Annual amortization rate equivalent to 1% of the August 10, 2018 3,000 — — 2,867 (*) 2,894 (*) Smart Php 5,000 M January 11, 2019 DBP Annual amortization rate equivalent to 1% of the May 6, 2019 September 2, 2019 2,000 3,000 — — 4,830 (*) 4,865 (*) PLDT Php 8,000 M February 18, 2019 Union Bank Annual amortization rate equivalent to 1% of the July 11, 2019 September 6, October 1, November 5, 3,000 2,000 1,000 2,000 — — 8,053 (*) 7,822 (*) Smart Php 4,000 M February 21, 2019 PNB Annual amortization rate equivalent to 1% of the March 11, 2019 4,000 — — 3,704 (*) 3,708 (*) 21,370 22,707 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php 2,000 M April 11, 2019 Bank of China (Hong Kong) Limited, Manila Branch Annual amortization rate equivalent to 1% of the September 6, 2019 2,000 — — 1,931 (*) 1,949 (*) PLDT Php 2,000 M July 1, 2019 PNB Annual amortization rate equivalent to 1% of the total amount September 6, 2019 2,000 — — 1,931 (*) 1,949 (*) Smart Php 8,000 M September 25, 2019 CBC Annual amortization rate equivalent to 10% of the October 2, 2019 8,000 — — 6,901 (*) 7,635 (*) Smart Php 4,000 M December 9, 2019 DBP Annual amortization rate equivalent to 1% of the total December 12, 2019 4,000 — — 3,938 (*) 3,975 (*) PLDT Php 4,500 M December 12, 2019 BPI Annual amortization rate equivalent to 1% of the December 15, 2019 4,500 — — 4,340 (*) 4,382 (*) Smart Php 3,000 M January 20, 2020 BDO Annual amortization rate equivalent to 1% of the total January 24, 2020 3,000 — — 2,871 (*) 2,893 (*) 21,912 22,783 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php 5,000 M January 29, 2020 BDO Annual amortization rate equivalent to 1% of the total January 31, 2020 5,000 — — 4,814 (*) 4,854 (*) PLDT Php 4,000 M March 24, 2020 RCBC Annual amortization rate equivalent to 1% of the March 26, 2020 4,000 — — 3,800 (*) 3,827 (*) PLDT Php 2,500 M March 30, 2020 MUFG Bank, Ltd. Amortization rate equivalent to: (1) 20% of the th , 48 th , 54 th and 72 nd month from the drawdown date; (2) 0.50% of the th , 42 nd , 60 th and 66 th month from the drawdown date; and (3) 18% of the April 2, 2020 2,500 — — 1,992 (*) 2,488 (*) PLDT Php 3,000 M May 20, 2020 LBP Annual amortization rate equivalent to 1% of the May 28, 2020 3,000 — — 2,923 (*) 2,951 (*) Smart Php 4,000 M May 20, 2020 LBP Annual amortization rate equivalent to 1% of principal November 20, 2020 4,000 — — 3,895 (*) 3,933 PLDT Php 3,000 M May 21, 2020 LBP Annual amortization rate equivalent to 1% of the December 18, 2020 3,000 — — 2,921 (*) 2,949 (*) 20,345 21,002 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php 5,000 M February 9, 2021 BPI Annual amortization rate equivalent to 1% of the February 15, 2021 5,000 — — 4,918 (*) 4,965 (*) Smart Php 3,000 M March 4, 2021 LBP Annual amortization rate equivalent to 1% of the March 9, 2021 3,000 — — 2,951 (*) 2,979 (*) Smart Php 3,000 M March 5, 2021 LBP Annual amortization rate equivalent to 1% of the May 25, 2021 3,000 — — 2,951 (*) 2,979 (*) Smart Php 4,000 M March 8, 2021 LBP Annual amortization rate equivalent to 1% of the March 30, 2021 4,000 — — 3,935 (*) 3,972 (*) PLDT Php 3,000 M March 31, 2021 BPI Annual amortization rate equivalent to 1% of the April 14, 2021 3,000 — — 2,950 (*) 2,979 (*) PLDT Php 2,000 M March 31, 2021 BPI Annual amortization rate equivalent to 1% of the April 29, 2021 2,000 — — 1,980 2,000 19,685 19,874 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php 4,000 M April 14, 2021 Metrobank Annual amortization rate equivalent to 1% of the June 8, 2021 4,000 — — 3,974 (*) 3,971 (*) Smart Php 3,000 M April 15, 2021 Metrobank Annual amortization rate equivalent to 1% of the September 1, 2021 3,000 — — 2,980 (*) 2,978 (*) PLDT Php 3,000 M April 30, 2021 Metrobank Annual amortization rate equivalent to 1% of the June 21, 2021 3,000 — — 2,980 (*) 2,978 (*) PLDT Php 3,000 M June 14, 2021 RCBC Annual amortization rate equivalent to 1% of the July 15, 2021 3,000 — — 2,951 (*) 2,978 (*) PLDT Php 4,000 M June 14, 2021 RCBC Annual amortization rate equivalent to 1% of the September 1, 2021 4,000 — — 3,934 (*) 3,971 (*) Smart Php 1,000 M September 28, BDO Annual amortization rate equivalent to 1% of the October 15, 2021 1,000 — — 990 1,000 17,809 17,876 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Outstanding Amounts Date of Loan Amount Amount Paid in 2022 2021 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php 3,000 M November 17, 2021 BDO Annual amortization rate equivalent to 1% of the November 22, 2021 3,000 — — 2,951 (*) 2,978 (*) PLDT Php 1,000 M November 24, 2021 BPI Annual amortization rate equivalent to 1% of the December 1, 2021 1,000 — — 990 1,000 PLDT Php 3,000 M November 24, 2021 BPI Annual amortization rate equivalent to 1% of the December 17, 2021 3,000 — — 2,949 (*) 2,978 (*) PLDT Php 4,000 M November 24, 2021 BPI Annual amortization rate equivalent to 1% of the December 17, 2021 4,000 — — 3,932 (*) 3,970 (*) PLDT Php 2,500 M December 10, 2021 LBP Annual amortization rate equivalent to 1% of the December 17, 2021 2,500 — — 2,475 2,500 Smart Php 3,000 M December 14, 2021 DBP Annual amortization rate equivalent to 1% of the January 20, 2022 3,000 — — 2,980 (*) — Smart Php 2,000 M December 14, 2021 DBP Annual amortization rate equivalent to 1% of the January 20, 2022 2,000 — — 2,000 — PLDT Php 10,000 M January 31, 2023 BPI Annual amortization rate equivalent to 1% of the — — — — — — PLDT Php 5,500 M February 27, 2023 LBP Annual amortization rate equivalent to 1% of the — — — — — — ePLDT Php 8,000 M March 10, 2023 BPI Semi-annual amortizations equivalent to 1% of the advance — — — — — — PLDT Php 2,000 M March 22, 2023 BPI Annual amortization rate equivalent to 1% of the advance — — — — — — 18,277 13,426 195,090 209,524 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost.

Deferred Credits and Other No_2

Deferred Credits and Other Noncurrent Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Deferred Credits And Other Noncurrent Liabilities [Abstract]
Summary of Deferred Credits and Other Noncurrent Liabilities	As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Contract liabilities and unearned revenues (Note 5) 7,615 3,558 Provision for asset retirement obligations 1,514 2,121 Accrual of capital expenditures under long-term financing 316 300 Others 56 105 9,501 6,084
Summary of Changes to Provision for Asset Retirement Obligations	The following table summarizes the changes to provision for asset retirement obligations for the years ended December 31, 2022 and 2021: 2022 2021 (in million pesos) Provision for asset retirement obligations at beginning of the year 2,121 2,000 Revaluation due to change in IBR 442 ( 102 ) Capitalized to ROU assets during the year 65 239 Accretion expenses 54 65 Settlement of obligations and others ( 1 ) ( 19 ) Reclassification to liabilities associated with assets classified as held-for-sale ( 232 ) — Change in assumptions ( 935 ) ( 62 ) Provision for asset retirement obligations at end of the year 1,514 2,121

Accounts Payable (Tables)

Accounts Payable (Tables)	12 Months Ended
	Dec. 31, 2022
Subclassifications of assets, liabilities and equities [abstract]
Summary of Accounts Payable	As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Suppliers and contractors (Note 28) 80,725 85,903 Taxes (Note 27) 4,052 1,741 Carriers and other customers (Note 28) 1,745 1,469 Related parties (Notes 25 and 28) 270 200 Others 18,395 10,405 105,187 99,718

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Subclassifications of assets, liabilities and equities [abstract]
Summary of Accrued Expenses and Other Current Liabilities	As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Accrued utilities and related expenses (Notes 25 and 28) 63,731 63,105 Contract liabilities and unearned revenues (Note 5) 9,499 10,063 Accrued taxes and related expenses (Note 27) 9,445 11,464 Accrued employee benefits and other provisions (Note 28) 6,615 9,087 Accrued interests and other related costs (Note 29) 1,868 1,783 Liability from redemption of preferred shares (Notes 20 and 28) — 7,842 Others 2,387 2,769 93,545 106,113

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of transactions between related parties [abstract]
Summary of Outstanding Balances and Transactions with Related Parties	The following table provides the summary of outstanding balances as at December 31, 2022 and 2021, and transactions for the years ended December 31, 2022, 2021 and 2020 that have been entered into with related parties: Statement of Financial Income Statement Company Name Particulars Terms Conditions Position Classification 2022 2021 Classification 2022 2021 2020 (in million pesos) (in million pesos) Indirect investment in joint ventures through PCEV: Manila Electric Company, or Meralco Electricity services to PLDT and certain subsidiaries’ offices within Meralco's franchise area Immediately upon receipt of invoice Unsecured Accounts payable and accrued expenses and other current liabilities 527 186 Repairs and maintenance 3,219 2,519 2,231 Pole attachment contracts, wherein Meralco leases its pole spaces to accommodate PLDT and Smart’s cable network facilities 45 days upon receipt of billings Unsecured Accrued expenses and other current liabilities (Note 24) — — Rent 40 40 38 Upon depreciation or expiration of lease Unsecured ROU assets 2,775 2,433 Depreciation and amortization 665 486 473 2022 – due after December 31, 2023; Unsecured Lease liabilities - net of current portion (Note 10) 727 1,118 2022– due on or before December 31, 2023; Unsecured Current portion of lease liabilities 642 487 Meralco Industrial Engineering Services Corporation, or MIESCOR Customer line installation, repair, rehabilitation and maintenance activities 30 days upon receipt of invoice Unsecured Accrued expenses and other current liabilities (Note 24) 5 1 Statement of Financial Income Statement Company Name Particulars Terms Conditions Position Classification 2022 2021 Classification 2022 2021 2020 (in million pesos) (in million pesos) Transactions with major stockholders, directors and officers: NTT TC Leasing PLDT signed a US$ 25 million term loan facility agreement on March 22, 2016 Non-amortizing, payable upon maturity on March 30, 2023 Unsecured Interest-bearing financial liabilities (Note 21) 1,396 1,272 Financing costs – net 46 17 29 PLDT signed a US$ 25 million term loan facility agreement on January 31, 2017 Non-amortizing, payable upon maturity on March 27, 2024 Unsecured Interest-bearing financial liabilities (Note 21) 1,395 1,271 Financing costs – net 46 18 30 NTT World Engineering Marine Corporation On February 1, 2008, PLDT entered into a service agreement, wherein NTT World Engineering Marine Corporation provides offshore submarine cable repair and other allied services for the maintenance of PLDT’s domestic fiber optic network submerged plant. 1st month of each quarter; noninterest-bearing Unsecured Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24) 318 240 Repairs and maintenance 80 97 139 NTT Communications On March 24, 2000, PLDT entered into an advisory service agreement (as amended on March 31, 2003, March 31, 2005 and June 16, 2006), under which NTT Communications provides PLDT with technical, marketing and other consulting services for various business areas of PLDT starting April 1, 2000. 30 days upon receipt of invoice; noninterest-bearing Unsecured Accrued expenses and other current liabilities (Note 24) 18 12 Professional and other contracted services 87 68 81 On March 24, 2000, PLDT entered into an agreement with NTT Communications under which PLDT and NTT Communications agreed to cooperative arrangements for conventional international telecommunications services to enhance their respective international businesses. 30 days upon receipt of invoice; noninterest-bearing Unsecured Accounts payable 3 3 NTT Worldwide Telecommunications Corporation On March 24, 2000, PLDT entered into an agreement under which PLDT markets, and manages data and other services under NTT Communications’ “Arcstar” brand to its corporate customers in the Philippines. PLDT also entered into a Trade Name and Trademark Agreement with NTT Communications under which PLDT has been given the right to use the trade name “Arcstar” and its related trademark, logo 30 days upon receipt of invoice; noninterest-bearing Unsecured Accounts payable 6 4 Selling and promotions 2 2 3 and symbols, solely for the purpose of PLDT’s marketing, promotional and sales activities for the Arcstar services within the Philippines. (1) Effective July 1, 2020, these loans were transferred from NTT Finance Corporation to NTT TC Leasing. See Note 21 - Interest-bearing Financial Liabilities. Statement of Financial Income Statement Company Name Particulars Terms Conditions Position Classification 2022 2021 Classification 2022 2021 2020 (in million pesos) (in million pesos) Transactions with major stockholders, directors and officers: NTT DOCOMO On June 5, 2006, in accordance with the Cooperation Agreement dated January 31, 2006, an Advisory Services Agreement was entered into by NTT DOCOMO and PLDT. Pursuant to the Advisory Services Agreement, NTT DOCOMO will provide the services of certain key personnel in connection with certain aspects of the business of PLDT and Smart. Also, this agreement governs the terms and conditions of the appointments of such key personnel and the corresponding fees related thereto. 30 days upon receipt of invoice; noninterest-bearing Unsecured Accrued expenses and other current liabilities (Note 24) 14 12 Professional and other contracted services 105 80 58 JGSHI and Subsidiaries PLDT and certain of its subsidiaries have existing agreements with Universal Robina Corporation and Robinsons Land Corporation for office and business office rental. 1st month of each quarter; 30 days upon receipt of invoice; noninterest-bearing Unsecured Accounts payable and accrued expenses and other current liabilities 17 52 Rent 269 232 314 Upon depreciation or expiration of lease Unsecured ROU assets (Note 10) 59 83 Depreciation and amortization 44 29 34 2022 – due after December 31, 2023; Unsecured Lease liabilities - net of current portion (Note 10) 35 62 2022 – due on or before Unsecured Current portion of lease liabilities 28 30 PLDT group's other transactions with JGSHI and subsidiaries 30 days upon receipt of invoice; noninterest-bearing Unsecured Accrued expenses and other current liabilities (Note 24) 45 7 Repairs and maintenance 23 25 6 Professional and other contracted services — 2 Communication, training and travel — — 1 Financing costs – net — 5 13 Miscellaneous expenses — — — Statement of Financial Income Statement Company Name Particulars Terms Conditions Position Classification 2022 2021 Classification 2022 2021 2020 (in million pesos) (in million pesos) Transactions with major stockholders, directors and officers: Malayan Insurance Co., Inc., or Malayan PLDT and certain of its subsidiaries have insurance policies with Malayan covering directors, officers, liability to employees and material damages for buildings, building improvements, equipment and motor vehicles. The premiums are directly paid to Malayan. Immediately upon receipt of invoice Unsecured Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24) 10 10 Insurance and security services 229 196 194 Immediately upon receipt of invoice Unsecured Prepayments (Note 19) 27 23 Gotuaco del Rosario and Associates, or Gotuaco Gotuaco acts as the broker for certain insurance companies to cover certain insurable properties of the PLDT Group. Insurance premiums are remitted to Gotuaco and the broker’s fees are settled between Gotuaco and the insurance companies. Immediately upon receipt of invoice Unsecured Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24) — 1 Insurance and security services 144 179 149 First Pacific Investment Management Limited, On March 1, 2018, Smart entered into an Advisory Services Agreement with FPIML effective for a period of one-year subject to a 12-month automatic renewal unless either party notifies the other party of its intent not to renew the agreement. FPIML provides advisory and related services in connection with the operation of Smart’s business of providing mobile communications services, high-speed internet connectivity, and access to digital services and content. The agreement provides that Smart shall pay monthly service fee of US$$ 250 thousand and any additional fee shall be mutually agreed upon by both parties on a monthly basis. On March 26, 2020, Smart and FPIML mutually agreed to reduce the monthly service fee to US$ 100 thousand in consideration of the services provided under this agreement, effective April 1, 2020. Starting April 2021, the fee has been increased to $ 220 k per month. Smart prepaid the fees for the period April to October 2021 (US$ 1.54 million). – Unsecured Prepayments (Note 19) — — Professional and other contracted services 133 111 72 Statement of Financial Income Statement Company Name Particulars Terms Conditions Position Classification 2022 2021 Classification 2022 2021 2020 (in million pesos) (in million pesos) Other related parties: Cignal Cable Corporation, or Cignal Cable PLDT and Smart entered into a two-year agreement with Cignal Cable to resell and distribute the iflix service to their respective subscribers effective June 18, 2019. The agreement stipulates that PLDT and Smart will each pay a minimum guarantee of US$ 1,500 thousand annually, which is committed for the Advertising Spend Guarantee. iflix shall pay PLDT and Smart 30 % each of the monthly marketing costs subject to a monthly cap of US$ 500 thousand each. This agreement was pre- terminated of March 2021. 30 days upon receipt of invoice Unsecured Accrued expenses and other current liabilities (Note 24) — — Cost of services — — 22 Selling and promotions — — 23 Other income – net — — 51 Various PLDT and certain of its subsidiaries provide telephone, data communication and other services to various related parties. 30 days upon receipt of invoice Unsecured Trade and other receivables 3,155 1,892 Revenues 2,518 2,368 2,145 2022 – due after December 31, 2023; Unsecured Lease liabilities - net of current portion (Note 10) 384 386 Expenses 5,687 2,386 1,582 2022 – due on or before December 31, 2023; Unsecured Current portion of lease liabilities (Note 10) 229 234 Upon depreciation or expiration of lease Unsecured ROU assets 1,404 750 30 days upon receipt of billing; noninterest-bearing Unsecured Accounts payable 947 1,314 Immediately upon receipt of billing Unsecured Accrued expenses and other current liabilities (Note 24) 57 11
Summary of Compensation of Key Officers by Benefit Type	The compensation of key officers of the PLDT Group by benefit type for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Other long-term employee benefits (Note 26) 480 115 297 Short-term employee benefits 358 311 327 Post-employment benefits (Note 26) 22 21 22 Total compensation paid to key officers of the PLDT Group 860 447 646

Pension and Other Employee Be_2

Pension and Other Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2022
Defined Benefit Pension Plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Summary of Changes in Present Value of Defined Benefit Obligations, Fair Value of Plan Assets and Components of Net Periodic Benefit Costs	PLDT’s actuarial valuation is performed every year-end. Based on the latest actuarial valuation, the actual present value of accrued (prepaid) benefit costs, net periodic benefit costs and average assumptions used in developing the valuation as at and for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Changes in the present value of defined benefit obligations: Present value of defined benefit obligations at beginning of the year 22,298 28,197 22,638 Interest costs on benefit obligation 1,173 922 1,056 Service costs 1,093 1,614 1,313 Actuarial losses on obligations – experience 78 538 265 Actual benefits paid/settlements ( 102 ) ( 3,471 ) ( 369 ) Actuarial losses on obligations – economic assumptions ( 3,972 ) ( 5,502 ) 3,507 Curtailment and others ( 4,685 ) — ( 213 ) Present value of defined benefit obligations at end of the year 15,883 22,298 28,197 Changes in fair value of plan assets: Fair value of plan assets at beginning of the year 14,683 15,000 13,724 Actual contributions 6,359 3,614 3,227 Interest income on plan assets 983 605 322 Return on plan assets (excluding amount included in net interest) — ( 1,065 ) ( 1,904 ) Actual gain on plan assets ( 421 ) — — Actual benefits paid/settlements ( 5,313 ) ( 3,471 ) ( 369 ) Fair value of plan assets at end of the year 16,291 14,683 15,000 Unfunded status – net 408 ( 7,615 ) ( 13,197 ) Accrued benefit costs 482 7,760 13,342 Prepaid benefit costs (Note 19) 890 145 145 Components of net periodic benefit costs: Service costs 1,093 1,614 1,313 Interest costs - net 190 317 734 Curtailment/settlement gains and other adjustments 261 — ( 99 ) Net periodic benefit costs (Note 5) 1,544 1,931 1,948
Summary of Expected Future Settlements	The following table sets forth the expected future settlements by the Plan of maturing defined benefit obligation as at December 31, 2022: (in million pesos) 2023 261 2024 317 2025 433 2026 826 2027 1,077 2028 to 2032 11,904
Summary of Weighted Average Assumptions Used to Determine Pension Benefits	The weighted average assumptions used to determine pension benefits for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 Rate of increase in compensation 5.7 % 5.7 % 6.0 % Discount rate 7.3 % 5.3 % 3.5 %
Summary of Sensitivity Analysis on Defined Benefit Obligation	The sensitivity analysis below has been determined based on reasonably possible changes of each significant assumption on the defined benefit obligation as at December 31, 2022 and 2021, assuming if all other assumptions were held constant: Increase (Decrease) (in million pesos) Discount rate 1 % ( 14,223 ) ( 1 %) 17,579 Future salary increases 1 % 17,587 ( 1 %) ( 4,189 )
Summary of Plan Assets	The following table sets forth the fair values, which are equal to the carrying values, of PLDT’s plan assets recognized as at December 31, 2022 and 2021: 2022 2021 (in million pesos) Noncurrent Financial Assets Investments in: Unquoted equity investments 13,509 11,332 Shares of stock 1,913 2,316 Corporate bonds 318 242 Mutual funds 7 7 Government securities 129 17 Total noncurrent financial assets 15,876 13,914 Current Financial Assets Cash and cash equivalents 410 518 Receivables 8 5 Total current financial assets 418 523 Total PLDT’s Plan Assets 16,294 14,437 Subsidiaries Plan Assets ( 3 ) 246 Total Plan Assets of Defined Benefit Pension Plans 16,291 14,683
Defined Benefit Pension Plans [Member] | Shares of Stocks [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Summary of Plan Assets	As at December 31, 2022 and 2021, this account consists of: 2022 2021 (in million pesos) Common shares PSE 1,054 1,401 PLDT 35 48 Others 464 507 Preferred shares 360 360 1,913 2,316
Defined Benefit Pension Plans [Member] | Unlisted Equity Investments [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Summary of Plan Assets	Unquoted Equity Investments As at December 31, 2022 and 2021, this account consists of: 2022 2021 2022 2021 Percentage of Ownership (in million pesos) MediaQuest 100 % 100 % 12,634 10,508 Tahanan Mutual Building and Loan Association, Inc., 32 million) 100 % 100 % 625 584 BTFHI 100 % 100 % 250 240 13,509 11,332
Defined Benefit Pension Plans [Member] | Investment Property [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Summary of Allocation of Fair Value of Plan Assets	The allocation of the fair value of the assets for the PLDT pension plan as at December 31, 2022 and 2021 are as follows: 2022 2021 Investments in listed and unlisted equity securities 95 % 94 % Temporary cash investments 2 % 4 % Debt and fixed income securities 2 % 2 % Mutual funds 1 % — 100 % 100 %
Defined Contribution Plans [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Summary of Changes in Present Value of Defined Benefit Obligations, Fair Value of Plan Assets and Components of Net Periodic Benefit Costs	Smart’s and certain of its subsidiaries’ actuarial valuation is performed every year-end. Based on the latest actuarial valuation, the actual present value of prepaid benefit costs, net periodic benefit costs and average assumptions used in developing the valuation as at and for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Changes in the present value of defined benefit obligations: Present value of defined benefit obligations at beginning of the year 3,264 2,775 2,813 Service costs 262 313 294 Interest costs on benefit obligation 156 101 118 Actuarial losses – economic assumptions ( 20 ) ( 40 ) 28 Actuarial losses – experience ( 216 ) 12 69 Actual benefits paid/settlements ( 396 ) — ( 567 ) Curtailment and others ( 273 ) 103 20 Present value of defined benefit obligations at end of the year 2,777 3,264 2,775 Changes in fair value of plan assets: Fair value of plan assets at beginning of the year 4,137 3,651 3,084 Actual contributions 299 306 282 Interest income on plan assets 213 132 142 Return on plan assets (excluding amount included in net interest) ( 322 ) ( 18 ) 143 Actual benefits paid/settlements ( 842 ) — — Others — 66 — Fair value of plan assets at end of the year 3,485 4,137 3,651 Funded status – net 708 873 876 Prepaid benefit costs (Note 19) 708 873 876 Components of net periodic benefit costs: Service costs 262 313 294 Interest costs - net ( 57 ) ( 31 ) ( 24 ) Curtailment/settlement gains and other adjustments — — — Net periodic benefit costs (Note 5) 205 282 270
Summary of Expected Future Settlements	The following table sets forth the expected future settlements by the Plan of maturing defined benefit obligation as at December 31, 2022: (in million pesos) 2023 81 2024 143 2025 142 2026 210 2027 216 2028 to 2062 2,163
Summary of Weighted Average Assumptions Used to Determine Pension Benefits	The weighted average assumptions used to determine pension benefits for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 Rate of increase in compensation 5.0 % 5.0 % 5.0 % Discount rate 7.3 % 5.0 % 3.5 %
Summary of Sensitivity Analysis on Defined Benefit Obligation	The sensitivity analysis below has been determined based on reasonably possible changes of each significant assumption on the defined benefit obligation as at December 31, 2021 and 2020, assuming if all other assumptions were held constant: Increase (Decrease) (in million pesos) Discount rate ( 0.1 %) ( 4 ) 0.2 % 614 Future salary increases 0.2 % 614 ( 0.1 %) ( 4 )
Summary of Plan Assets	The following table sets forth the fair values, which are equal to the carrying values, of Smart’s plan assets recognized as at December 31, 2022 and 2021: 2022 2021 (in million pesos) Noncurrent Financial Assets Investments in: Domestic fixed income 2,152 2,833 Domestic equities 676 997 International fixed income 222 558 Philippine foreign currency bonds 220 224 International equities — 844 Total noncurrent financial assets 3,270 5,456 Current Financial Assets Cash and cash equivalents 1,411 37 Total current financial assets 1,411 37 Total plan assets 4,681 5,493 Less: Employee’s share, forfeitures and mandatory reserve account 1,196 1,356 Total Plan Assets of Defined Contribution Plans 3,485 4,137
Summary of Allocation of Fair Value of Plan Assets	The allocation of the fair value of Smart and certain of its subsidiaries pension plan assets as at December 31, 2022 and 2021 are as follows: 2022 2021 Investments in debt and fixed income securities and others 86 % 67 % Investments in listed and unlisted equity securities 14 % 33 % 100 % 100 %

Financial Assets and Liabilit_2

Financial Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Financial Assets And Liabilities [Line Items]
Summary of Consolidated Financial Assets and Financial Liabilities	The following table sets forth our consolidated financial assets and financial liabilities as at December 31, 2022 and 2021: Financial instruments Financial Total (in million pesos) Assets as at December 31, 2022 Noncurrent: Financial assets at fair value through profit or loss — 432 432 Debt instruments at amortized cost – net of current portion 596 — 596 Derivative financial assets – net of current portion — 81 81 Other financial assets – net of current portion 3,489 (1) — 3,489 Current: Cash and cash equivalents 25,211 — 25,211 Short-term investments 129 254 (2) 383 Trade and other receivables 26,255 — 26,255 Current portion of other financial assets 206 (1) — 206 Total assets 55,886 767 56,653 Liabilities as at December 31, 2022 Noncurrent: Interest-bearing financial liabilities – net of current portion 217,288 — 217,288 Lease liabilities – net of current portion 31,958 — 31,958 Derivative financial liabilities – net of current portion — 190 190 Customers' deposits 2,313 — 2,313 Deferred credits and other noncurrent liabilities 363 — 363 Current: Accounts payable 101,107 — 101,107 Accrued expenses and other current liabilities 74,227 — 74,227 Current portion of interest-bearing financial liabilities 32,292 — 32,292 Current portion of lease liabilities 10,477 — 10,477 Dividends payable 1,821 — 1,821 Current portion of derivative financial liabilities — 960 960 Liabilities associated with assets classified as held-for-sale 1,668 — 1,668 Total liabilities 473,514 1,150 474,664 Net assets (liabilities) ( 417,628 ) ( 383 ) ( 418,011 ) (1) Includes refundable deposits and notes receivables. (2) Includes investments in the funds of Credit Suisse and Julius Baer. In 2021, PLDT withdrew US$ 6.6 million from the Supply Chain Finance fund of Credit Suisse and impaired the remaining fund value of US$ 3.4 million. In November 2021, Smart invested US$ 5.0 million in the Focus Fixed Income Asia Defensive fund of Julius Baer. As at December 31, 2022, the fund’s value is US$ 4.5 million. Financial instruments Financial Total (in million pesos) Assets as at December 31, 2021 Noncurrent: Financial assets at fair value through profit or loss — 339 339 Debt instruments at amortized cost – net of current portion 400 — 400 Derivative financial assets – net of current portion — 48 48 Other financial assets – net of current portion 3,099 (1) — 3,099 Current: Cash and cash equivalents 23,907 — 23,907 Short-term investments 1,986 255 (2) 2,241 Trade and other receivables 21,790 — 21,790 Current portion of derivative financial assets — 93 93 Current portion of debt instruments at amortized cost 207 — 207 Current portion of other financial assets 208 (1) 6,856 (3) 7,064 Total assets 51,597 7,591 59,188 Liabilities as at December 31, 2021 Noncurrent: Interest-bearing financial liabilities – net of current portion 241,075 — 241,075 Lease liabilities – net of current portion 17,131 — 17,131 Derivative financial liabilities – net of current portion — 100 100 Customers' deposits 2,270 — 2,270 Deferred credits and other noncurrent liabilities 398 — 398 Current: Accounts payable 97,959 — 97,959 Accrued expenses and other current liabilities 76,377 7,842 84,219 Current portion of interest-bearing financial liabilities 11,482 — 11,482 Current portion of lease liabilities 4,555 — 4,555 Dividends payable 1,708 — 1,708 Current portion of derivative financial liabilities — 115 115 Total liabilities 452,955 8,057 461,012 Net assets (liabilities) ( 401,358 ) ( 466 ) ( 401,824 ) (1) Includes refundable deposits and notes receivables. (2) Includes investments in the funds of Credit Suisse and Julius Baer. PLDT withdrew US$ 6.6 million from the Supply Chain Finance fund of Credit Suisse in 2021. As at December 31, 2021, the fund’s value is US$ 3.4 million which was fully impaired as at year-end. In November 2021, Smart invested US$ 5.0 million in the Focus Fixed Income Asia Defensive fund of Julius Baer. As at December 31, 2021, the fund’s value is US$ 5.02 million. (3) Includes RCBC Redemption Trust Account. See Note 20 – Equity – Redemption of Preferred Stock.
Summary of Consolidated Offsetting of Financial Assets and Liabilities	The following table sets forth our consolidated offsetting of financial assets and liabilities recognized as at December 31, 2022 and 2021: Gross amounts Gross amounts of Net amount (in million pesos) December 31, 2022 Current Financial Assets Trade and other receivables Foreign administrations 5,160 4,236 924 Domestic carriers 492 197 295 Total 5,652 4,433 1,219 Current Financial Liabilities Accounts payable Suppliers and contractors 80,769 44 80,725 Carriers and other customers 22,660 2,548 20,112 Total 103,429 2,592 100,837 December 31, 2021 Current Financial Assets Trade and other receivables Foreign administrations 6,916 5,696 1,220 Domestic carriers 507 280 227 Total 7,423 5,976 1,447 Current Financial Liabilities Accounts payable Suppliers and contractors 85,912 9 85,903 Carriers and other customers 15,349 3,493 11,855 Total 101,261 3,502 97,759
Disclosure Of Carrying Amount And Fair Value Of Financial Instruments Explanatory	The following table sets forth our consolidated carrying values and estimated fair values of our financial assets and liabilities recognized as at December 31, 2022 and 2021 other than those whose carrying amounts are reasonable approximations of fair values: Carrying Value Fair Value 2022 2021 2022 2021 (in million pesos) Noncurrent Financial Assets Debt instruments at amortized cost 596 400 573 403 Other financial assets – net of current portion 3,489 3,099 3,278 2,664 Total 4,085 3,499 3,851 3,067 Noncurrent Financial Liabilities Interest-bearing financial liabilities: Long-term debt – net of current portion 217,288 241,075 201,703 242,545 Customers' deposits 2,313 2,270 1,449 1,619 Deferred credits and other noncurrent liabilities 363 398 307 404 Total 219,964 243,743 203,459 244,568
Summary of Consolidated Financial Assets and Liabilities Carried at Fair Value	Below is the list of our consolidated financial assets and liabilities carried at fair value that are classified using a fair value hierarchy as required for our complete sets of consolidated financial statements as at December 31, 2022 and 2021. This classification provides a reasonable basis to illustrate the nature and extent of risks associated with those financial statements. 2022 2021 Level 1 (1) Level 2 (2) Level 3 (3) Total Level 1 (1) Level 2 (2) Level 3 (3) Total (in million pesos) Noncurrent Financial Assets Financial assets at FVPL — 407 25 432 — 315 24 339 Derivative financial assets — 81 — 81 — 48 — 48 Current Financial Assets Short-term investments — 254 — 254 — 255 — 255 Current portion of derivative — — — — — 93 — 93 Current portion of other — — — — — 6,856 — 6,856 Total — 742 25 767 — 7,567 24 7,591 Noncurrent Financial Liabilities Derivative financial liabilities — 190 — 190 — 100 — 100 Current Financial Liabilities Accrued expenses and other — — — — — 7,842 — 7,842 Current portion of derivative — 960 — 960 — 115 — 115 Total — 1,150 — 1,150 — 8,057 — 8,057 (1) Fair values determined using observable market inputs that reflect quoted prices in active markets for identical assets or liabilities. (2) Fair values determined using inputs other than quoted market prices that are either directly or indirectly observable for the assets or liabilities. (3) Fair values determined using discounted values of future cash flows for the assets or liabilities.
Summary of Derivative Financial Instruments	The table below sets out the information about our consolidated derivative financial instruments as at December 31, 2022 and 2021: 2022 2021 Original Trade Date Underlying Termination Weighted Weighted Notional Net Notional Net (in millions) (in millions) (in millions) Transactions not designated as hedges: PLDT Forward foreign exchange contracts US$ 257 Various dates in U.S. Dollar Liabilities Various dates in — Php 57.16 US$ 257 ( 353 ) US$ 69 17 US$ 96 Various dates in U.S. Dollar Liabilities Various dates in February — Php 54.97 — — — — Forward exchange options US$ 6 Various dates in U.S. Dollar Liabilities Various dates in April and — Php 50.80 — — US$ 6 ( 2 ) Foreign exchange options seagull (a) US$ 7 June 10, 2022 U.S. Dollar Liabilities January 9, 2023 — Php 52.64 7 ( 7 ) 4 ( 1 ) — Php 52.96 — — — — — Php 54.00 — — — — ( 360 ) 14 Smart Forward foreign exchange contracts US$ 332 Various dates in U.S. Dollar Liabilities Various dates in 2021 — Php 49.03 — — — — US$ 369 Various dates in U.S. Dollar Liabilities Various dates in January 2022 — Php 57.08 US$ 369 ( 481 ) US$ 116 40 US$ 157 Various dates in U.S. Dollar Liabilities Various dates in February — Php 54.93 — — — — Subsidized forwards (b) US$ 52 Various dates in U.S. Dollar Liabilities Various dates in April — Php 50.38 — — — — — Php 51.65 — — US$ 2 ( 1 ) Foreign exchange options seagull (c) US$ 71 Various dates in June 2022 U.S. Dollar Liabilities Various dates in October 2022 — Php 52.82 — — — — — Php 53.37 — — — — — Php 54.46 US$ 37 ( 40 ) US$ 3 ( 2 ) ( 521 ) 37 ( 881 ) 51 Transactions designated as hedges: PLDT Interest rate swaps (d) US$ 150 April and June 2015 200 Term Loan February 25, 2022 2.70 % — — — US$ 11 ( 5 ) Long-term currency swaps (e) US$ 27 November 2018 200 MUFG Bank, Ltd. February 25, 2022 2.15 % Php 50.78 — — US$ 5 2 Long-term foreign currency options (f) US$ 290 Various dates in 300M Notes 2031 January 23, 2031 1.20 % Php 49.61 55.28 US$ 290 ( 265 ) US$ 290 ( 175 ) ( 265 ) ( 178 ) Smart Interest rate swaps (g) US$ 30 February 2016 100 Mizuho December 7, 2021 2.03 % — — — — — Long-term currency swaps (h) US$ 6 February 2019 100 Mizuho December 7, 2021 2.22 % Php 51.83 — — — — US$ 6 August 2020 100 Mizuho December 7, 2022 1.99 % Php 48.64 — — US$ 3 9 Php 48.00 Long-term foreign currency options (i) US$ 109 February to April 2021 140 PNB December 13, 2030 1.63 % Php 53.34 US$ 88 77 US$ 99 44 77 53 ( 188 ) ( 125 ) ( 1,069 ) ( 74 ) If the Philippine Peso to U.S. dollar spot exchange rate on fixing date settles between Php 52.96 to Php 54.00 , PLDT will purchase the U.S. Dollar for Php 52.96 . However, if on maturity, the exchange rate settles above Php 54.00 , PLDT will purchase the U.S. Dollar for Php52.96 plus the excess above Php 54.00 , and if the exchange rate is lower than Php 52.96 , PLDT will purchase the U.S. Dollar at the prevailing Philippine peso to U.S. Dollar spot exchange rate, subject to a floor of Php 52.64 (b) If the Philippine Peso to U.S. Dollar spot exchange rate on fixing date settles above Php 51.65 , Smart will purchase the U.S. Dollar for Php50.38 plus the excess above Php 51.65 , and if the exchange rate is at or lower than Php 51.65 , Smart will purchase the U.S. Dollar at Php 50.38 . (c) If the Philippine Peso to U.S. Dollar spot exchange rate on fixing date settles between Php 53.37 to Php 54.46 , Smart will purchase the U.S. Dollar for Php 53.37 . However, if on maturity, the exchange rate settles above Php 54.46 , Smart will purchase the U.S. Dollar for Php53.37 plus the excess above Php 54.46 , and if the exchange rate is lower than Php 53.37 , Smart will purchase the U.S. Dollar at the prevailing Philippine Peso to U.S. Dollar spot exchange rate, subject to a floor of Php 52.82 . (d) PLDT’s interest rate swap agreements outstanding as at December 31, 2022 and 2021 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. The mark-to-market losses amounting to nil and Php 1 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2022 and 2021, respectively. Interest accrual on the interest rate swaps amounting to nil and Php 3 million were recorded as at December 31, 2022 and 2021, respectively. There were no ineffective portion in the fair value recognized in our consolidated income statements for the years ended December 31, 2022, 2021 and 2020. (e) PLDT’s long-term principal only-currency swap agreements outstanding as at December 31, 2022 and 2021 were designated as cash flow hedges, wherein effective portion of the movements in the fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. The mark-to-market gains amounting to nil and Php 4 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2022 and 2021, respectively. Hedge cost accrual on the long-term principal only-currency swaps amounting to nil and Php 2 million were recognized as at December 31, 2022 and 2021, respectively. The amounts recognized as other comprehensive income are transferred to profit or loss when the hedged loan is revalued for changes in the foreign exchange rate. The hedge cost portion of the movements in the fair value amounting to nil , Php 0.5 million and Php 2 million were recognized in our consolidated income statements for the years ended December 31, 2022, 2021 and 2020, respectively. (f) PLDT’s long-term foreign currency option agreements outstanding as at December 31, 2022 and 2021 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. Settlement of the foreign currency option agreements will depend on the spot exchange rate on the fixing date. If the Philippine peso to U.S. dollar spot exchange rate on fixing date is between Php 49.61 and Php 55.28 , PLDT will purchase the U.S. dollar at Php 49.61 . However, if on fixing date, the exchange rate is beyond Php 55.28 , PLDT will purchase the U.S. dollar at the prevailing Philippine peso to U.S. dollar spot exchange rate minus a subsidy of Php 5.67 , and if the exchange rate is lower than Php 49.61 , PLDT will purchase the U.S. dollar at the prevailing Philippine peso to U.S. dollar spot exchange rate. The mark-to-market losses amounting to Php 190 million and Php 100 million were recognized in our consolidated statement of other comprehensive income as at December 31, 2022 and 2021, respectively. Hedge cost accrual on the long-term foreign currency option agreements amounting to Php 75 million each was recognized as at December 31, 2022 and 2021. The intrinsic value of the long-term foreign currency options recognized as other comprehensive income are transferred to profit or loss when the hedged loan is revalued for changes in the foreign exchange rate. The hedge cost portion of the movements in the fair value amounting to Php 4 million, Php 89 million and Php 26 million were recognized in our consolidated income statement for the years ended December 31, 2022, 2021 and 2020, respectively. (g) Smart’s interest rate swap agreements outstanding as at December 31, 2022 and 2021 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. The mark-to-market losses amounting to nil was recognized in our consolidated statements of other comprehensive income as at December 31, 2022 and 2021. Interest accrual amounting to nil was recognized as at December 31, 2022 and 2021. There were no ineffective portion in the fair value recognized in our consolidated income statements for the years ended December 31, 2022, 2021 and 2020. (h) Smart’s long-term principal only-currency swap agreements outstanding as at December 31, 2022 and 2021 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. The mark-to-market gains amounting to nil and Php 8 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2022 and 2021, respectively. Hedge cost accrual on the long-term principal only-currency swaps amounting to nil and Php 201 thousand were recognized as at December 31, 2022 and 2021, respectively. The amounts recognized as other comprehensive income are transferred to profit or loss when the hedged loan is revalued for changes in the foreign exchange rate. The hedge cost portions of the movements in the fair value amounting to nil , Php 309 thousand and Php 1 million were recognized in our consolidated income statements for the years ended December 31, 2022, 2021 and 2020, respectively. (i) Smart’s long-term foreign currency option agreements outstanding as at December 31, 2022 and 2021 were designated as cash flow hedges, wherein the effective portion of the movements in fair value is recognized in our consolidated statements of other comprehensive income, while any ineffective portion is recognized immediately in our consolidated income statements. Settlement of the foreign currency option agreements will depend on the spot exchange rate on the fixing date. If the Philippine Peso to U.S. Dollar spot exchange rate on fixing date is between Php 48.00 and Php 53.34 , Smart will purchase the U.S. Dollar at Php 48.00 . However, if on fixing date the exchange rate is beyond Php 53.34 , Smart will purchase the U.S. Dollar at the prevailing Philippine Peso to U.S. Dollar spot exchange rate minus a subsidy of Php 5.34 , and if the exchange rate is lower than Php 48.00 , Smart will purchase the U.S. Dollar at the prevailing Philippine Peso to U.S. Dollar spot exchange rate. The mark-to-market gains amounting to Php 81 million and Php 48 million were recognized in our consolidated statement of other comprehensive income as at December 31, 2022 and 2021, respectively. Hedge cost accrual on the long-term foreign currency option agreements amounting to Php 3 million and Php 4 million were recognized as at December 31, 2022 and 2021, respectively. The intrinsic value of the long-term foreign currency options recognized as other comprehensive income are transferred to profit or loss when the hedged loan is revalued for changes in the foreign exchange rate. The hedge cost portion of the movements in the fair value amounting to Php 5 million and Php 8 million were recognized in our consolidated income statement for the years ended December 31, 2022 and 2021, respectively.
Summary of Derivative Financial Instruments by Classification	Our derivative financial instruments as at December 31, 2022 and 2021 are presented in the statements of financial position as follows: 2022 2021 (in million pesos) Noncurrent assets 81 48 Current assets — 93 Noncurrent liabilities (Note 29) ( 190 ) ( 100 ) Current liabilities (Note 29) ( 960 ) ( 115 ) Net liabilities ( 1,069 ) ( 74 )
Summary of Movements of Consolidated Mark-to-Market Losses	Movements of our consolidated mark-to-market gains (losses) for the years ended December 31, 2022 and 2021 are summarized as follows: 2022 2021 (in million pesos) Net mark-to-market losses at beginning of the year ( 74 ) ( 514 ) Gains on derivative financial instruments (Note 4) 2,572 1,651 Settlements and interest expense 1,135 ( 169 ) Effective portion recognized in the profit or loss for the cash flow hedges ( 77 ) ( 75 ) Net fair value losses on cash flow hedges charged to other comprehensive income ( 3,228 ) ( 967 ) Others ( 1,397 ) — Net mark-to-market losses at end of the year ( 1,069 ) ( 74 )
Disclosure Of Gains (Losses) On Derivative Financial Instruments Explanatory	Our consolidated analysis of gains on derivative financial instruments for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in million pesos) Gains (losses) on derivative financial instruments (Note 4) 2,572 1,651 ( 284 ) Hedge costs ( 250 ) ( 251 ) ( 94 ) Net gains (losses) on derivative financial instruments (Notes 4 and 5) 2,322 1,400 ( 378 )
Summary of Maturity Profile of Financial Assets Based on Consolidated Undiscounted Claims Outstanding	The following table summarizes the maturity profile of our financial assets based on our consolidated undiscounted claims outstanding as at December 31, 2022 and 2021: Total Less than 1-3 years 3-5 years More than (in million pesos) December 31, 2022 Financial instruments at amortized cost: 53,604 48,929 3,740 852 83 Debt instruments at amortized cost 596 — 225 361 10 Other financial assets 4,285 206 3,515 491 73 Temporary cash investments 8,678 8,678 — — — Short-term investments 129 129 — — — Retail subscribers 17,216 17,216 — — — Corporate subscribers 15,151 15,151 — — — Foreign administrations 1,058 1,058 — — — Domestic carriers 296 296 — — — Dealers, agents and others 6,195 6,195 — — — Financial instruments at FVPL: 860 428 — — 432 Financial assets at fair value through profit or loss 432 — — — 432 Short-term investments 428 428 — — — Total 54,464 49,357 3,740 852 515 December 31, 2021 Financial instruments at amortized cost: 55,428 51,317 2,898 430 783 Debt instruments at amortized cost 607 207 100 — 300 Other financial assets 3,919 208 2,798 430 483 Temporary cash investments 13,291 13,291 — — — Short-term investments 1,986 1,986 — — — Retail subscribers 15,676 15,676 — — — Corporate subscribers 13,079 13,079 — — — Foreign administrations 1,341 1,341 — — — Domestic carriers 241 241 — — — Dealers, agents and others 5,288 5,288 — — — Financial instruments at FVPL: 7,624 7,285 — — 339 Financial assets at fair value through profit or loss 339 — — — 339 Other financial assets 6,856 6,856 — — — Short-term investments 429 429 — — — Total 63,052 58,602 2,898 430 1,122
Summary of Maturity Profile of Financial Liabilities Based on Consolidated Contractual Undiscounted Obligations Outstanding	The following table summarizes the maturity profile of our financial liabilities based on our consolidated contractual undiscounted obligations outstanding as at December 31, 2022 and 2021: Payments Due by Period Total Less than 1-3 years 3-5 years More than (in million pesos) December 31, 2022 Debt (1): 320,907 30,001 65,159 55,632 170,115 Principal 251,859 29,203 37,885 41,593 143,178 Interest 69,048 798 27,274 14,039 26,937 Lease obligations 62,216 14,658 13,504 10,591 23,463 Various trade and other obligations: 178,219 175,539 610 38 2,032 Suppliers and contractors 81,041 80,725 307 9 — Utilities and related expenses 63,613 63,609 4 — — Employee benefits 6,615 6,615 — — — Customers’ deposits 2,313 — 252 29 2,032 Carriers and other customers 1,745 1,745 — — — Dividends 1,821 1,821 — — — Others 21,071 21,024 47 — — Total contractual obligations 561,342 220,198 79,273 66,261 195,610 December 31, 2021 Debt (1): 331,933 7,681 77,865 53,026 193,361 Principal 255,414 7,649 48,404 37,552 161,809 Interest 76,519 32 29,461 15,474 31,552 Lease obligations 30,770 11,609 9,004 4,523 5,634 Various trade and other obligations: 179,484 176,816 667 54 1,947 Suppliers and contractors 86,203 85,903 292 8 — Utilities and related expenses 62,989 62,988 1 — — Employee benefits 9,090 9,090 — — — Liability from redemption of preferred shares 7,842 7,842 — — — Customers’ deposits 2,270 — 277 46 1,947 Dividends 1,708 1,708 — — — Carriers and other customers 1,469 1,469 — — — Others 7,913 7,816 97 — — Total contractual obligations 542,187 196,106 87,536 57,603 200,942 (1) Consists of long-term and short-term debts, including current portion, gross of unamortized debt discount/premium and debt issuance costs.
Summary of Future Minimum Lease Commitments Payable with Non-cancellable Operating Leases	Our consolidated future minimum lease commitments payable with non-cancellable leases as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Within one year 14,658 11,609 After one year but not more than five years 24,095 13,527 More than five years 23,463 5,634 Total 62,216 30,770
Summary of Impact of Hedging Instruments	The impact of the hedging instruments on our consolidated statements of financial position as at December 31, 2022 and 2021 are as follows: Notional Carrying Line item in our Consolidated Statements (U.S. Dollar) (Php) of Financial Position (in million pesos) December 31, 2022 Long-term foreign currency options 378 81 Derivative financial assets – net of current portion — ( 190 ) Derivative financial liabilities – net of current portion 378 ( 109 ) December 31, 2021 Long-term currency swaps 8 — Derivative financial assets – net of current portion — 15 Current portion of derivative financial assets — ( 2 ) Current portion of derivative financial liabilities Long-term foreign currency options 389 48 Derivative financial assets – net of current portion — ( 100 ) Derivative financial liabilities – net of current portion 397 ( 39 )
Summary of Impact of Hedging Items on Consolidated Statements of Financial Position	The impact of the hedged items on our consolidated statements of financial position as at December 31, 2022 and 2021 are as follows: 2022 2021 Cash flow Cost of Cash flow Cost of (in million pesos) PLDT: US$300M Term Loan — — ( 273 ) — US$100M PNB — — ( 11 ) — US$200M MUFG Bank, Ltd. — — ( 8 ) 2 US$300M Notes 2031 ( 3,288 ) 75 ( 1,011 ) 75 ( 3,288 ) 75 ( 1,303 ) 77 Smart: US$100M Mizuho — — ( 9 ) — US$140M PNB 28 3 ( 429 ) 4 28 3 ( 438 ) 4
Summary of Effect of the Cash Flow Hedge in Consolidated Statements of Financial Position and Statements of Other Comprehensive Income	The effect of the cash flow hedge on our consolidated statements of financial position as at December 31, 2022 and 2021 are as follows: Total hedging loss recognized in OCI Line item in our (in million pesos) December 31, 2022 Long-term foreign currency options ( 3,260 ) Other comprehensive loss ( 3,260 ) December 31, 2021 Long-term currency swaps ( 301 ) Other comprehensive loss Long-term foreign currency options ( 1,440 ) Other comprehensive loss ( 1,741 )
Summary of Market Risk	The following table shows our consolidated foreign currency-denominated monetary financial assets and liabilities and their Philippine Peso equivalents as at December 31, 2022 and 2021: 2022 2021 U.S. Dollar Php (1) U.S. Dollar Php (2) (in millions) Noncurrent Financial Assets Derivative financial assets – net of current portion 1 81 1 48 Other financial assets – net of current portion — 1 — 19 Total noncurrent financial assets 1 82 1 67 Current Financial Assets Cash and cash equivalents 287 16,002 146 7,466 Short-term investments 5 254 5 254 Trade and other receivables – net 132 7,385 142 7,218 Current portion of derivative financial assets — — 2 93 Current portion of debt instruments at amortized cost — — 4 207 Current portion of other financial assets — 12 — — Total current financial assets 424 23,653 299 15,238 Total Financial Assets 425 23,735 300 15,305 Noncurrent Financial Liabilities Interest-bearing financial liabilities – net of current portion 719 40,153 758 38,648 Derivative financial liabilities – net of current portion 3 190 2 100 Other noncurrent liabilities — 27 — 23 Total noncurrent financial liabilities 723 40,370 760 38,771 Current Financial Liabilities Accounts payable 1,339 74,720 1,150 58,599 Accrued expenses and other current liabilities 218 12,184 239 12,164 Current portion of interest-bearing financial liabilities 39 2,165 44 2,252 Current portion of derivative financial liabilities 17 960 2 115 Total current financial liabilities 1,613 90,029 1,435 73,130 Total Financial Liabilities 2,336 130,399 2,195 111,901 (1) The exchange rate used to convert the U.S. Dollar amounts into Philippine Peso was Php 55.82 to US$ 1.00 , the Philippine Peso-U.S. Dollar exchange rate as quoted through the Bankers Association of the Philippines, or BAP, as at December 31, 2022. (2) The exchange rate used to convert the U.S. Dollar amounts into Philippine Peso was Php 50.97 to US$ 1.00 , the Philippine Peso-U.S. Dollar exchange rate as quoted through the BAP as at December 31, 2021.
Summary of Trade and Other Receivables	As at December 31, 2022 and 2021, this account consists of receivables from: 2022 2021 (in million pesos) Retail subscribers (Note 28) 17,216 15,676 Corporate subscribers (Note 28) 15,151 13,079 Foreign administrations (Note 28) 1,058 1,341 Domestic carriers (Note 28) 296 241 Dealers, agents and others (Note 28) 6,195 5,288 39,916 35,625 Less: Allowance for expected credit losses 13,661 13,835 26,255 21,790 The gross carrying amount of financial assets not subject to impairment also represents our maximum exposure to credit risk as at December 31, 2022 and 2021 are as follows: 2022 2021 (in million pesos) Financial assets at fair value through profit or loss (Note 12) 432 339 Derivative financial assets – net of current portion 81 48 Current portion of derivative financial assets — 93 Total 513 480
Summary of Maximum Exposure to Credit Risk of Financial Assets Subject to Impairment	For financial assets recognized on our consolidated statements of financial position as at December 31, 2022 and 2021, the gross exposure to credit risk equal their carrying amount. For financial guarantees granted, the maximum exposure to credit risk is the maximum amount that we would have to pay if the guarantees are called upon. For loan commitments and other credit related commitments that are irrevocable over the life of the respective facilities, the maximum exposure to credit risk is the full amount of the committed facilities. December 31, 2022 Stage 1 Stage 2 Stage 3 Total (in million pesos) High grade 29,328 12,380 — 41,708 Standard grade 303 4,445 — 4,748 Substandard grade — 9,430 — 9,430 Default 764 4,236 9,425 14,425 Gross carrying amount 30,395 30,491 9,425 70,311 Less allowance 764 4,236 9,425 14,425 Carrying amount 29,631 26,255 — 55,886 December 31, 2021 Stage 1 Stage 2 Stage 3 Total (in million pesos) High grade 29,251 9,180 — 38,431 Standard grade 556 4,116 — 4,672 Substandard grade — 8,494 — 8,494 Default 786 3,038 10,797 14,621 Gross carrying amount 30,593 24,828 10,797 66,218 Less allowance 786 3,038 10,797 14,621 Carrying amount 29,807 21,790 — 51,597
Summary of Maximum Exposure to Credit Risk	An analysis of the maximum exposure to credit risk for the components of our consolidated statements of financial position, including derivative financial instruments as at December 31, 2022 and 2021: 2022 Gross Collateral and Net (in million pesos) Financial instruments at amortized cost: 55,886 505 55,381 Debt instruments at amortized cost 596 — 596 Other financial assets 3,695 — 3,695 Cash and cash equivalents 25,211 105 25,106 Short-term investments 129 — 129 Retail subscribers 10,327 46 10,281 Corporate subscribers 10,052 354 9,698 Foreign administrations 924 — 924 Domestic carriers 295 — 295 Dealers, agents and others 4,657 — 4,657 Financial instruments at FVPL: 767 — 767 Financial assets at FVPL 432 — 432 Long-term foreign currency options 81 — 81 Short-term investments 254 — 254 Total 56,653 505 56,148 * Includes bank insurance, security deposits and customer deposits. We have no collateral held as at December 31, 2022. 2021 Gross Collateral and Net (in million pesos) Financial instruments at amortized cost: 51,597 513 51,084 Debt instruments at amortized cost 607 — 607 Other financial assets 3,307 — 3,307 Cash and cash equivalents 23,907 127 23,780 Short-term investments 1,986 — 1,986 Corporate subscribers 8,371 379 7,992 Retail subscribers 7,637 7 7,630 Foreign administrations 1,220 — 1,220 Domestic carriers 227 — 227 Dealers, agents and others 4,335 — 4,335 Financial instruments at FVPL: 7,591 — 7,591 Financial assets at FVPL 339 — 339 Long-term foreign currency options 48 — 48 Short-term investments 255 — 255 Forward foreign exchange contracts 57 — 57 Interest rate swap 22 — 22 Long-term currency swaps 14 — 14 Other financial assets 6,856 — 6,856 Total 59,188 513 58,675 * Includes bank insurance, security deposits and customer deposits. We have no collateral held as at December 31, 2021.
Summary of Information Regarding Credit Quality by Class of Financial Assets	The table below provides information regarding the credit quality by class of our financial assets according to our credit ratings of counterparties as at December 31, 2022 and 2021: Neither past due Past due Total Class A (1) Class B (2) credit impaired Impaired (in million pesos) December 31, 2022 Financial instruments at amortized cost: 70,137 41,708 4,748 9,430 14,251 Debt instruments at amortized cost 596 596 — — — Other financial assets 4,285 3,694 1 — 590 Cash and cash equivalents 25,211 24,909 302 — — Short-term investments 129 129 — — — Retail subscribers 17,216 7,782 458 2,087 6,889 Corporate subscribers 15,151 3,959 1,543 4,550 5,099 Foreign administrations 1,058 289 210 425 134 Domestic carriers 296 111 30 154 1 Dealers, agents and others 6,195 239 2,204 2,214 1,538 Financial instruments at FVPL: 941 604 163 — 174 Financial assets at FVPL 432 269 163 — — Long-term foreign currency options 81 81 — — — Short-term investments 428 254 — — 174 Total 71,078 42,312 4,911 9,430 14,425 (1) This includes low risk and good paying customer accounts with no history of account treatment for a defined period and no overdue accounts as at report date; and deposits or placements to counterparties with good credit rating or bank standing financial review. (2) This includes medium risk and average paying customer accounts with no overdue accounts as at report date, and new customer accounts for which sufficient credit history has not been established; and deposits or placements to counterparties not classified as Class A. Neither past due Past due Total Class A (1) Class B (2) credit impaired Impaired (in million pesos) December 31, 2021 Financial instruments at amortized cost: 66,044 38,431 4,672 8,494 14,447 Debt instruments at amortized cost 607 607 — — — Other financial assets 3,919 3,020 287 — 612 Cash and cash equivalents 23,907 23,638 269 — — Short-term investments 1,986 1,986 — — — Retail subscribers 15,676 5,411 297 1,929 8,039 Corporate subscribers 13,079 2,650 1,044 4,677 4,708 Foreign administrations 1,341 193 486 541 121 Domestic carriers 241 78 46 103 14 Dealers, agents and others 5,288 848 2,243 1,244 953 Financial instruments at FVPL: 7,765 7,467 124 — 174 Financial assets at FVPL 339 215 124 — — Long-term foreign currency options 48 48 — — — Short-term investments 429 255 — — 174 Forward foreign exchange contracts 57 57 — — — Interest rate swap 22 22 — — — Long-term currency swaps 14 14 — — — Other financial assets 6,856 6,856 — — — Total 73,809 45,898 4,796 8,494 14,621 (1) This includes low risk and good paying customer accounts with no history of account treatment for a defined period and no overdue accounts as at report date; and deposits or placements to counterparties with good credit rating or bank standing financial review. (2) This includes medium risk and average paying customer accounts with no overdue accounts as at report date, and new customer accounts for which sufficient credit history has not been established; and deposits or placements to counterparties not classified as Class A.
Summary of Aging Analysis of Past Due But not Impaired Class of Financial Assets	The aging analysis of past due but not impaired class of financial assets as at December 31, 2022 and 2021 are as follows: Past due but not credit impaired Total Neither 1-60 61-90 Over 91 Impaired (in million pesos) December 31, 2022 Financial instruments at amortized cost: 70,137 46,456 3,289 1,709 4,432 14,251 Debt instruments at amortized cost 596 596 — — — — Other financial assets 4,285 3,695 — — — 590 Cash and cash equivalents 25,211 25,211 — — — — Short-term investments 129 129 — — — — Retail subscribers 17,216 8,240 1,439 372 276 6,889 Corporate subscribers 15,151 5,502 1,615 1,214 1,721 5,099 Foreign administrations 1,058 499 37 14 374 134 Domestic carriers 296 141 72 26 56 1 Dealers, agents and others 6,195 2,443 126 83 2,005 1,538 Financial instruments at FVPL: 941 767 — — — 174 Financial assets at FVPL 432 432 — — — — Long-term foreign currency options 81 81 — — — — Short-term investments 428 254 — — — 174 Total 71,078 47,223 3,289 1,709 4,432 14,425 December 31, 2021 Financial instruments at amortized cost: 66,044 43,103 4,200 1,278 3,016 14,447 Debt instruments at amortized cost 607 607 — — — — Other financial assets 3,919 3,307 — — — 612 Cash and cash equivalents 23,907 23,907 — — — — Short-term investments 1,986 1,986 — — — — Retail subscribers 15,676 5,708 1,484 171 274 8,039 Corporate subscribers 13,079 3,694 2,420 926 1,331 4,708 Foreign administrations 1,341 679 119 55 367 121 Domestic carriers 241 124 47 17 39 14 Dealers, agents and others 5,288 3,091 130 109 1,005 953 Financial instruments at FVPL: 7,765 7,591 — — — 174 Financial assets at FVPL 339 339 — — — — Long-term foreign currency options 48 48 — — — — Short-term investments 429 255 — — — 174 Forward foreign exchange contracts 57 57 — — — — Interest rate swap 22 22 — — — — Long-term currency swaps 14 14 — — — — Other financial assets 6,856 6,856 — — — — Total 73,809 50,694 4,200 1,278 3,016 14,621
Interest rate risk [member]
Disclosure Of Financial Assets And Liabilities [Line Items]
Summary of Impact of Hedging Instruments	The impact of the hedging instruments on our consolidated statements of financial position as at December 31, 2022 and 2021 are as follows: Notional Carrying Line item in our Consolidated Statements (U.S. Dollar) (Php) of Financial Position (in million pesos) December 31, 2022 Interest rate swaps — — Derivative financial assets – net of current portion — — Current portion of derivative financial assets — — Current portion of derivative financial liabilities — — December 31, 2021 Interest rate swaps 11 — Derivative financial assets – net of current portion — 21 Current portion of derivative financial assets — ( 26 ) Current portion of derivative financial liabilities 11 ( 5 )
Summary of Impact of Hedging Items on Consolidated Statements of Financial Position	The impact of the hedged items on our consolidated statements of financial position as at December 31, 2022 and 2021 are as follows: 2022 2021 Cash flow Cost of Cash flow Cost of (in million pesos) US$200M MUFG Bank, Ltd. — — ( 1 ) —
Summary of Effect of the Cash Flow Hedge in Consolidated Statements of Financial Position and Statements of Other Comprehensive Income	The effect of the cash flow hedge on our consolidated statements of financial position as at December 31, 2022 and 2021 are as follows: Total hedging Line item in our (in million pesos) December 31, 2022 Interest rate swaps — Other comprehensive loss December 31, 2021 Interest rate swaps ( 1 ) Other comprehensive loss
Summary of Market Risk	The following tables set out the carrying amounts, by maturity, of our financial instruments that are expected to have exposure on interest rate risk as at December 31, 2022 and 2021. Financial instruments that are not subject to interest rate risk were not included in the table. As at December 31, 2022 In U.S. Dollars Fair Value Below 1 year 1-2 years 2-3 years 3-5 years Over 5 years Total In Php Discount/ Carrying In U.S. Dollar In Php (in millions) Assets: Debt Instruments at Philippine Peso — 4 1 6 0 11 596 — 596 10 573 Interest rate — 2.3750 % to 2.9000 % 4.2500 % 4.6250 % to 6.2500 % 6.5000 % — — — — — — Cash in Bank U.S. Dollar 23 — — — — 23 1,264 — 1,264 23 1,264 Interest rate 0.0500 % to 1.0000 % — — — — — — — — — — Philippine Peso 123 — — — — 123 6,863 — 6,863 123 6,863 Interest rate 0.0500 % to 1.5000 % — — — — — — — — — — Temporary Cash U.S. Dollar 127 — — — — 127 7,092 — 7,092 127 7,092 Interest rate 3.5000 % to 4.7500 % — — — — — — — — — — Philippine Peso 28 — — — — 28 1,586 — 1,586 28 1,586 Interest rate 2.8000 % to 5.0000 % — — — — — — — — — — Short-term Investments Philippine Peso 2 — — — — 2 129 — 129 2 129 Interest rate 0.5000 % to 2.0000 % — — — — — — — — — — 303 4 1 6 — 314 17,530 — 17,530 313 17,507 Liabilities: Long-term Debt Fixed Rate U.S. Dollar — — — — 600 600 33,489 597 32,892 435 24,316 Interest rate — — — — 2.5000 % to 3.4500 % — — — — — — Philippine Peso 319 124 340 576 540 1,899 106,018 919 105,099 1,744 97,327 Interest rate 3.9500 % to 4.0000 % 3.9500 % to 5.1560 % 4.0000 % to 5.3500 % 4.0000 % to 5.3500 % 4.0000 % to 5.2000 % — — — — — — Variable Rate U.S. Dollar 25 53 14 28 42 162 9,042 40 9,002 162 9,042 Interest rate LIBOR + 1.0500% LIBOR + 1.0500% LIBOR + 1.0500% LIBOR + 1.0500% LIBOR + 1.0500% — — — — — — Philippine Peso — 93 55 141 1,383 1,672 93,310 723 92,587 1,672 93,310 Interest rate — 0.5000% 0.6000% 0.6000% 0.6000% — — — — — — Short-term Debt Notes Payable Philippine Peso 179 — — — — 179 10,000 — 10,000 179 10,000 Interest rate 2.6000 to 5.1600 % — — — — — — — — — — 523 270 409 745 2,565 4,512 251,859 2,279 249,580 4,192 233,995 As at December 31, 2021 In U.S. Dollars Fair Value Below 1 year 1-2 years 2-3 years 3-5 years Over 5 years Total In Php Discount/ Carrying In U.S. Dollar In Php (in millions) Assets: Debt Instruments at Amortized U.S. Dollar 4 — — — — 4 207 — 207 4 207 Interest rate 2.0000 % — — — — — — — — — — Philippine Peso — — 2 — 6 8 400 — 400 8 403 Interest rate — — 2.3750 % — 4.6250 % — — — — — — Cash in Bank U.S. Dollar 3 — — — — 3 152 — 152 3 152 Interest rate 0.0500 % to 0.5000 % — — — — — — — — — — Philippine Peso 99 — — — — 99 5,068 — 5,068 99 5,068 Interest rate 0.0500 % to 1.0000 % — — — — — — — — — — Temporary Cash Investments U.S. Dollar 53 — — — — 53 2,676 — 2,676 53 2,676 Interest rate 0.0500 % to 0.2000 % — — — — — — — — — — Philippine Peso 208 — — — — 208 10,615 — 10,615 208 10,615 Interest rate 0.2000 % to 1.9900 % — — — — — — — — — — Short-term Investments Philippine Peso 39 — — — — 39 1,986 — 1,986 39 1,986 Interest rate 0.5000 % to 1.9900 % — — — — — — — — — — 406 — 2 — 6 414 21,104 — 21,104 414 21,107 Liabilities: Long-term Debt Fixed Rate U.S. Dollar Notes — — — — 600 600 30,584 613 29,971 597 30,441 Interest rate — — — — 2.5000 % to 3.4500 % — — — — — — U.S. Dollar Fixed Loans 4 — — — — 4 191 — 191 4 193 Interest rate 2.8850 % — — — — — — — — — — Philippine Peso 120 519 185 649 1,122 2,595 132,285 1,056 131,229 2,571 131,039 Interest rate 4.5500 % to 5.4000 % 3.9000 % to 6.3457 % 4.0000 % to 6.3457 % 4.0000 % to 6.3457 % 4.2588 % to 6.3457 % — — — — — — Variable Rate U.S. Dollar Loans 26 53 39 28 56 202 10,329 52 10,277 202 10,329 Interest rate 0.7900% 1.0500% over LIBOR 1.0500% over LIBOR 1.0500% over 1.0500% over — — — — — — Philippine Peso — 59 95 59 1,396 1,609 82,025 1,136 80,889 1,609 82,025 Interest rate — 0.5000% 0.5000% 0.6000% 0.6000% — — — — — — 150 631 319 736 3,174 5,010 255,414 2,857 252,557 4,983 254,027

Notes to the Statements of Ca_2

Notes to the Statements of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2022
Notes To The Statements Of Cash Flows [Abstract]
Summary of Changes in Liabilities Arising From Financing Activities	The following table shows the changes in liabilities arising from financing activities as at December 31, 2022 and 2021: January 1, Cash flows Foreign Others December 31, (in million pesos) Interest-bearing financial liabilities (Note 21) 252,557 ( 7,405 ) 3,778 650 249,580 Lease liabilities (Notes 3 and 10) 21,686 ( 8,331 ) — 29,080 42,435 Derivative financial liabilities 215 87 — 848 1,150 Accrued interests and other related costs (Note 24) 1,783 ( 9,013 ) — 9,098 1,868 Dividends (Note 20) 1,708 ( 25,235 ) — 25,348 1,821 277,949 ( 49,897 ) 3,778 65,024 296,854 January 1, Cash flows Foreign Others December 31, (in million pesos) Interest-bearing financial liabilities (Note 21) 222,765 28,538 2,440 ( 1,186 ) 252,557 Lease liabilities (Notes 3 and 10) 20,025 ( 6,547 ) — 8,208 21,686 Derivative financial liabilities 536 ( 25 ) — ( 296 ) 215 Accrued interests and other related costs (Note 24) 1,872 ( 8,922 ) — 8,833 1,783 Dividends (Note 20) 1,194 ( 17,712 ) — 18,226 1,708 246,392 ( 4,668 ) 2,440 33,785 277,949
Summary of Significant Non-cash Investing Activities and Corresponding Transaction Amounts	The following table shows our significant non-cash investing activities and corresponding transaction amounts as at December 31, 2022 and 2021: 2022 2021 (in million pesos) Additions to ROU assets (Note 10) 34,274 7,314 Acquisition of property and equipment on account 14,948 23,522 Capitalization to property and equipment of: Inventories 6,517 5,989 Borrowing costs (Notes 5 and 9) 1,748 1,582 Foreign exchange differences – net (Note 9) 351 29 57,838 38,436
Summary of Significant Non-cash Financing Activities and Corresponding Transaction Amounts	The following table shows our significant non-cash financing activities and corresponding transaction amounts as at December 31, 2022 and 2021: 2022 2021 (in million pesos) Additions to lease liabilities (Note 10) 34,277 7,314

Corporate Information - Additio

Corporate Information - Additional Information (Detail) ₱ / shares in Units, shares in Thousands, ₱ in Millions				12 Months Ended
	Nov. 30, 2011 shares	Mar. 14, 2006	Mar. 24, 2000	Dec. 31, 2022 PHP (₱) ₱ / shares shares	Dec. 31, 2021 PHP (₱) shares	Oct. 16, 2012 PHP (₱) ₱ / shares shares	Jun. 05, 2012 ₱ / shares	Oct. 26, 2011 shares	Feb. 28, 2007
Disclosure Of Corporate Information [Line Items]
Corporate term, description				While PLDT’s amended Articles of Incorporation states that its corporate term is limited to 50 years from the date of incorporation on November 28, 1928, and another term of 50 years from November 28, 1978, PLDT has not elected to retain such specific corporate term
Address of entity's registered office				Ramon Cojuangco Building, Makati Avenue, Makati City, Philippines
Voting Preferred Stock [Member]
Disclosure Of Corporate Information [Line Items]
Number of shares issued				150,000	150,000
Par value | ₱ / shares							₱ 1
Subscription amount | ₱				₱ 150	₱ 150
Amount of shares outstanding				150,000	150,000
American Depositary Shares [Member]
Disclosure Of Corporate Information [Line Items]
Par value | ₱ / shares				₱ 5
Amount of shares outstanding				16,400
Metro Pacific Asset Holdings, Inc. [Member]
Disclosure Of Corporate Information [Line Items]
Percentage of interest in entity from shareholders									46%
Percentage of interest in entity from shareholders acquired									6%
First Pacific Group [Member]
Disclosure Of Corporate Information [Line Items]
Beneficial ownership decrease percentage				2%
NTT DOCOMO, Inc. [Member]
Disclosure Of Corporate Information [Line Items]
Percentage of economic and voting interest held by strategic partner		7%
Smart Communications, Inc. [Member]
Disclosure Of Corporate Information [Line Items]
Percentage of ownership			100%
NTT Communications Corporation [Member]
Disclosure Of Corporate Information [Line Items]
Percentage of economic and voting interest held by strategic partner		7%	15%
NTT Communications and NTT Docomo [Member]
Disclosure Of Corporate Information [Line Items]
Percentage of economic and voting interest held by strategic partner				20%
First Pacific Group and Philippine Affiliates [Member]
Disclosure Of Corporate Information [Line Items]
Percentage of interest in entity from shareholders				26%					28%
Percentage of economic and voting interest held by strategic partner				15%
First Pacific Group and Philippine Affiliates [Member] | Voting Preferred Stock [Member]
Disclosure Of Corporate Information [Line Items]
Percentage of economic and voting interest held by strategic partner				15%
JG Summit Group [Member]
Disclosure Of Corporate Information [Line Items]
Percentage of interest in entity from shareholders				11%
Percentage of economic and voting interest held by strategic partner				7%
JG Summit Group [Member] | Voting Preferred Stock [Member]
Disclosure Of Corporate Information [Line Items]
Percentage of economic and voting interest held by strategic partner				7%
JG Summit Holdings, Inc [Member]
Disclosure Of Corporate Information [Line Items]
Common shares issued								27,700
JG Summit Holdings, Inc [Member] | First Pacific Group [Member]
Disclosure Of Corporate Information [Line Items]
Number of PLDT common shares sold	5,810
JG Summit Holdings, Inc [Member] | NTT DOCOMO, Inc. [Member]
Disclosure Of Corporate Information [Line Items]
Number of PLDT common shares sold	4,560
Beneficial Trust Fund Holdings Inc. [Member]
Disclosure Of Corporate Information [Line Items]
Number of shares issued						150,000
Beneficial Trust Fund Holdings Inc. [Member] | Voting Preferred Stock [Member]
Disclosure Of Corporate Information [Line Items]
Number of shares issued						150,000
Par value | ₱ / shares						₱ 1
Subscription amount | ₱						₱ 150
NTT Group [Member]
Disclosure Of Corporate Information [Line Items]
Percentage of economic and voting interest held by strategic partner				12%
NTT Group [Member] | Voting Preferred Stock [Member]
Disclosure Of Corporate Information [Line Items]
Percentage of economic and voting interest held by strategic partner				12%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Summary of Subsidiaries (Detail)		12 Months Ended
	Mar. 24, 2000	Dec. 31, 2022	Dec. 31, 2021
Smart Communications, Inc. [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership	100%
Smart Communications, Inc. [Member] | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Cellular mobile services
Smart Communications, Inc. [Member] | Operating Segments [Member] | Direct [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Smart Broadband, Inc. and Subsidiary [Member] | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Internet broadband distribution services
Smart Broadband, Inc. and Subsidiary [Member] | Operating Segments [Member] | Indirect [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Primeworld Digital Systems, Inc. [Member] | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Internet broadband distribution services
Primeworld Digital Systems, Inc. [Member] | Operating Segments [Member] | Indirect [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
I-Contacts Corporation [Member] | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Operations support servicing business
I-Contacts Corporation [Member] | Operating Segments [Member] | Indirect [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Far East Capital Limited | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Cayman Islands
Principal Business Activity		Cost effective offshore financing and risk management activities for Smart
Far East Capital Limited | Operating Segments [Member] | Indirect [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Ph Communications Holdings Corporation | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Investment company
Ph Communications Holdings Corporation | Operating Segments [Member] | Indirect [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Connectivity Unlimited Resource Enterprise | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Cellular mobile services
Connectivity Unlimited Resource Enterprise | Operating Segments [Member] | Indirect [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Francom Holdings Inc | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Investment company
Francom Holdings Inc | Operating Segments [Member] | Indirect [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Chikka Holdings Limited And Subsidiaries | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		British Virgin Islands
Principal Business Activity		Content provider, mobile applications development and services
Chikka Holdings Limited And Subsidiaries | Operating Segments [Member] | Indirect [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Wi Fun Inc | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Software developer and selling of WiFi access equipment
Wi Fun Inc | Operating Segments [Member] | Indirect [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
PLDT Global, Inc. [Member] | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Cross-border digital platforms and other allied services
PLDT Global, Inc. [Member] | Operating Segments [Member] | Direct [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
ACeS Philippines Cellular Satellite Corporation [Member] | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Satellite information and messaging services
ACeS Philippines Cellular Satellite Corporation [Member] | Operating Segments [Member] | Direct [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		88.50%	88.50%
ACeS Philippines Cellular Satellite Corporation [Member] | Operating Segments [Member] | Indirect [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		11.50%	11.50%
Digitel Mobile Philippines, Inc. [Member] | Operating Segments [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Cellular mobile services
Digitel Mobile Philippines, Inc. [Member] | Operating Segments [Member] | Indirect [Member] | Wireless [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		99.60%	99.60%
PLDT Clark Telecom, Inc. [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Telecommunications services
PLDT Clark Telecom, Inc. [Member] | Operating Segments [Member] | Direct [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
PLDT Subic Telecom, Inc. [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Telecommunications services
PLDT Subic Telecom, Inc. [Member] | Operating Segments [Member] | Direct [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
PLDT Global Corporation and Subsidiaries [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		British Virgin Islands
Principal Business Activity		Telecommunications services
PLDT Global Corporation and Subsidiaries [Member] | Operating Segments [Member] | Direct [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Smart-NTT Multimedia, Inc. [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Data and network services
Smart-NTT Multimedia, Inc. [Member] | Operating Segments [Member] | Direct [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
PLDT-Philcom, Inc. and Subsidiaries [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Telecommunications services
PLDT-Philcom, Inc. and Subsidiaries [Member] | Operating Segments [Member] | Direct [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Talas Data Intelligence, Inc. [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Business infrastructure and solutions; intelligent data processing and implementation services and data analytics insight generation
Talas Data Intelligence, Inc. [Member] | Operating Segments [Member] | Direct [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Multisys Technologies Corporation, or Multisys [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Software development and IT solutions services
Multisys Technologies Corporation, or Multisys [Member] | Operating Segments [Member] | Indirect [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		50.70%
ePLDT, Inc. [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services
ePLDT, Inc. [Member] | Operating Segments [Member] | Direct [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
IP Converge Data Services, Inc. and Subsidiary [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services
IP Converge Data Services, Inc. and Subsidiary [Member] | Operating Segments [Member] | Indirect [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Curo Teknika, Inc. [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Managed IT outsourcing
Curo Teknika, Inc. [Member] | Operating Segments [Member] | Indirect [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
ABM Global Solutions, Inc. and Subsidiaries [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Internet-based purchasing, IT consulting and professional services
ABM Global Solutions, Inc. and Subsidiaries [Member] | Operating Segments [Member] | Indirect [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
ePDS, Inc. [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Bills printing and other related value-added services, or VAS
ePDS, Inc. [Member] | Operating Segments [Member] | Indirect [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Net Games Inc [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Gaming support services
Net Games Inc [Member] | Operating Segments [Member] | Indirect [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		57.50%	57.50%
MVP Rewards Loyalty Solutions, Inc [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Full-services customer rewards and loyalty programs
MVP Rewards Loyalty Solutions, Inc [Member] | Operating Segments [Member] | Indirect [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
VITRO, Inc [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services
Percentage of ownership		100%
Digital Telecommunications Phils., Inc. [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Telecommunications services
Digital Telecommunications Phils., Inc. [Member] | Operating Segments [Member] | Direct [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		99.60%	99.60%
Digitel Information Technology Services, Inc. [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Internet services
Digitel Information Technology Services, Inc. [Member] | Operating Segments [Member] | Indirect [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		99.60%	99.60%
PLDT-Maratel, Inc. [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Telecommunications services
PLDT-Maratel, Inc. [Member] | Operating Segments [Member] | Direct [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		98%	98%
Bonifacio Communications Corporation [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Telecommunications, infrastructure and related VAS
Bonifacio Communications Corporation [Member] | Operating Segments [Member] | Direct [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		75%	75%
Pacific Global One Aviation Company, Inc. [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Air transportation business
Pacific Global One Aviation Company, Inc. [Member] | Operating Segments [Member] | Direct [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership			65.30%
Pilipinas Global Network Limited and Subsidiaries [Member] | Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		British Virgin Islands
Principal Business Activity		International distributor of Filipino channels and content
Pilipinas Global Network Limited and Subsidiaries [Member] | Operating Segments [Member] | Direct [Member] | Fixed Line [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		64.60%	64.60%
PLDT Digital Investments Pte. Ltd. and Subsidiaries [Member] | Operating Segments [Member] | Others [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Singapore
Principal Business Activity		Investment company
PLDT Digital Investments Pte. Ltd. and Subsidiaries [Member] | Operating Segments [Member] | Direct [Member] | Others [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
PGIH [Member] | Operating Segments [Member] | Others [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Investment company
PGIH [Member] | Operating Segments [Member] | Direct [Member] | Others [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		100%	100%
Mabuhay Investments Corporation, or MIC [Member] | Operating Segments [Member] | Others [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Investment company
Mabuhay Investments Corporation, or MIC [Member] | Operating Segments [Member] | Direct [Member] | Others [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		67%	67%
PLDT Global Investments Corporation [Member] | Operating Segments [Member] | Others [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		British Virgin Islands
Principal Business Activity		Investment company
PLDT Global Investments Corporation [Member] | Operating Segments [Member] | Indirect [Member] | Others [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership			100%
PLDT Communications and Energy Ventures, Inc. [Member] | Operating Segments [Member] | Others [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Place of Incorporation		Philippines
Principal Business Activity		Investment company
PLDT Communications and Energy Ventures, Inc. [Member] | Operating Segments [Member] | Indirect [Member] | Others [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of ownership		99.90%	99.90%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Subsidiaries (Parenthetical) (Detail) ₱ in Millions	Aug. 12, 2022	Jul. 29, 2022 shares	Apr. 07, 2022	Feb. 28, 2022 PHP (₱)
Pacific Global One Aviation Company Inc [Member]
Disclosure of subsidiaries [line items]
Equity interest acquired | ₱				₱ 44.7
Pacific Global One Aviation Company Inc [Member] | Top of range [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	36.63%		36.82%	65.30%
Pacific Global One Aviation Company Inc [Member] | Bottom of range [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	36.82%		38.45%	47.60%
PLDT Global Investments Holdings, Inc. [Member]
Disclosure of subsidiaries [line items]
Number of shares issued | shares		227,000
PLDT Global Investments Holdings, Inc. [Member] | Top of range [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary		50.72%
PLDT Global Investments Holdings, Inc. [Member] | Bottom of range [member]
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary		45.73%

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Additional Information (Detail) ₱ / shares in Units, shares in Millions

1 Months Ended

12 Months Ended

Mar. 16, 2023 PHP (₱)

Aug. 12, 2022

Jul. 29, 2022 PHP (₱) shares

Apr. 07, 2022 USD ($)

Feb. 28, 2022 PHP (₱) Seat

Mar. 01, 2021

Jan. 29, 2021 PHP (₱)

Jun. 03, 2019 PHP (₱)

Nov. 08, 2018 PHP (₱)

Jun. 13, 2017 PHP (₱)

May 30, 2016 PHP (₱)

Aug. 31, 2022 PHP (₱)

Dec. 31, 2022 PHP (₱) Segment shares

Dec. 31, 2021 PHP (₱)

Dec. 31, 2020 PHP (₱)

Dec. 31, 2011 PHP (₱)

Dec. 31, 2022 USD ($)

Apr. 11, 2022 PHP (₱)

Apr. 11, 2022 USD ($)

Mar. 22, 2022 ₱ / shares

Mar. 22, 2022 USD ($)

Dec. 31, 2021 USD ($)

Dec. 03, 2018 PHP (₱)

Disclosure Of Significant Accounting Policies [Line Items]

Consideration paid (received)

₱ 100,000,000

₱ 21,800,000,000

₱ 26,200,000,000

₱ 136,000,000

Remaining balance outstanding

₱ 12,000,000

Total expenses related to Covid-19 measures

450,000,000

₱ 942,000,000

₱ 903,000,000

Sales/purchase agreement on transfer of prepaid home wifi or phw subscribers

₱ 748,000,000

Amount of equity interest acquired

51,546,000,000

53,364,000,000

52,123,000,000

Carrying value of investments in joint ventures

33,624,000,000

36,158,000,000

ECL recognized on investment

₱ 0

Description of debt investment security credit risk

debt instrument to have low credit risk when its credit risk rating is equivalent to the globally understood definition of ‘investment grade’, or when the exposure is less than 30 days past due.

Transaction price allocated to remaining performance obligations

₱ 47,049,000,000

38,595,000,000

Lease of low-value assets recognition exemption to leases that are considered of low value

2,000,000

1,000,000

2,000,000

Equity interest paid

248,000,000

3,514,000,000

₱ 1,754,000,000

579,000,000

Financial assets at fair value through other comprehensive income | $

$ 0

$ 0

Top of range [member]

Disclosure Of Significant Accounting Policies [Line Items]

Lease of low-value assets recognition exemption to leases that are considered of low value

₱ 250,000

Less than 1 year [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Remaining performance obligations percentage

55%

62%

55%

62%

1-2 years [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Remaining performance obligations percentage

45%

38%

45%

38%

PHW Subscribers [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Notice period to subscribers

30 days

Initial purchase price

₱ 1,455,000,000

Sun Trademark [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Amortization

0

₱ 2,628,000,000

1,877,000,000

Digital Telecommunications Phils., Inc. [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Acquisition

₱ 4,505,000,000

Sky Cable Corporation [Member] | Sale and Purchase Agreement [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Percentage of issued and outstanding capital stock acquired

100%

Equity interest paid

₱ 6,750,000,000

PLDT [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Rent concessions as effect of Covid-19 pandemic

288,000

3,000,000

15,000,000

Smart and DMPI [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Consideration paid (received)

60,492,000,000

Rent concessions as effect of Covid-19 pandemic

0

0

₱ 122,000,000

Smart and PLDT [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Final purchase price amount plus value-added tax

₱ 1,336,000,000

Pacific Global One Aviation Company, Inc. [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Amount of equity interest acquired

₱ 44,700,000

Number of board seats | Seat

4

Gain on deconsolidation

₱ 376,700,000

Pacific Global One Aviation Company, Inc. [Member] | Bottom of range [member]

Disclosure Of Significant Accounting Policies [Line Items]

Percentage of ownership

36.82%

38.45%

47.60%

Pacific Global One Aviation Company, Inc. [Member] | Top of range [member]

Disclosure Of Significant Accounting Policies [Line Items]

Consideration paid (received)

₱ 44,700,000

Percentage of ownership

36.63%

36.82%

65.30%

PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Carrying value of investments in joint ventures | $

$ 20,000,000

Subscribed per share | ₱ / shares

₱ 13,000

Remitted amount as deposit of future subscription

₱ 1,031,000,000

$ 20,000,000

VIH [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Carrying value of investments in joint ventures | $

$ 62,000,000

Additional funds raised for investments in joint ventures | $

210,000,000

Investments in joint ventures propelling valuation | $

$ 1,400,000,000

PLDT and Subsidiaries [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Number of business segments | Segment

3

Multisys [Member]

Disclosure Of Significant Accounting Policies [Line Items]

Consideration paid (received)

₱ 100,000,000

Carrying value of investments in joint ventures

₱ 2,150,000,000

₱ 2,521,000,000

₱ 550,000,000

Shares subscribed | shares

227

2,307

Percentage of equity interest

4.99%

45.73%

50.72%

Equity interest paid

₱ 27,000,000

Management's Use of Accountin_2

Management's Use of Accounting Judgments, Estimates and Assumptions - Additional Information (Detail) ₱ in Millions

1 Months Ended

12 Months Ended

36 Months Ended

Jul. 29, 2022 PHP (₱)

Jul. 01, 2020

Jun. 30, 2020

Mar. 02, 2018 PHP (₱)

Dec. 05, 2017

Jun. 27, 2017

Jun. 13, 2017 PHP (₱)

Aug. 24, 2016

May 30, 2016 PHP (₱)

Aug. 31, 2022 PHP (₱)

Dec. 31, 2022 PHP (₱) Director Seat

Dec. 31, 2021 PHP (₱)

Dec. 31, 2020 PHP (₱)

Jun. 30, 2023

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Period due after which default occurs of trade receivables and all other financial assets subject to impairment

90 days

Period due after which default occurs of trade receivables from Corporate subscribers

120 days

Period due after which there is significant increase in credit risk in asset

30 days

Period before which there is low credit risk in financial asset

30 days

Depreciation of ROU assets

₱ 5,716

₱ 5,388

₱ 4,940

Lease liabilities

₱ 42,435

21,686

20,025

Total consideration for the acquisition of existing shares

₱ 52,800

Number of retained board seats. | Seat

4

Equity interest acquired

87.12%

50%

Total consideration

₱ 100

₱ 21,800

₱ 26,200

₱ 136

Net taxable income

₱ 3,377

8,538

9,906

Provision for current tax expense income

6,949

5,130

4,452

Deferred income tax assets and liabilities

(17,432)

(13,216)

(18,830)

Provision (benefit) from deferred income taxes

(4,175)

2,348

3,989

Additional depreciation recognized

46

1,028

Total depreciation and amortization of property and equipment

92,998

46,781

42,540

Carrying values of property and equipment, net of accumulated depreciation and amortization

292,745

302,736

260,868

Amortization of intangible assets (Notes 15)

228

2,822

2,496

Total carrying values of intangible assets

1,608

1,156

Consolidated unrecognized deferred income tax assets

748

901

Deferred income tax assets – net (Note 7)

17,636

13,385

19,556

Provision for expected credit losses for trade and other receivables

5,156

3,737

6,446

Impairment losses for contract assets

227

253

266

Trade and other receivables, net of allowance for expected credit losses

26,255

21,790

Contract assets, net of allowance for expected credit losses

2,233

2,251

Net pension benefit costs

1,749

2,213

2,218

Prepaid benefit costs

95,749

107,484

Accrued benefit costs

1,745

7,760

Total provision for asset retirement obligations

1,514

2,121

2,000

Total fair values of noncurrent financial assets

3,851

3,067

Total fair values of noncurrent financial liabilities

203,459

244,568

Transformation Incentive Plan [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Expense from share-based payment transactions in which goods or services received did not qualify for recognition as assets

1,272

1,186

1,134

Accrued incentive payable

1,294

2,384

Benefit Costs [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Prepaid benefit costs

1,598

1,018

Defined Benefit Pension Plans [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Net pension benefit costs

1,749

2,213

2,218

Intangible Assets with Finite Life [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Carrying values of property and equipment, net of accumulated depreciation and amortization

1,388

1,156

Two G Technology Related Equipment

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Additional depreciation recognized

87

1,397

1,458

Three G Technology Related Equipment

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Additional depreciation recognized

9,421

1,406

₱ 3,035

IT, Tech refresh programs, Core Modernization and Support Replacements [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Additional depreciation recognized

₱ 1,138

Enterprise-wide Network Asset Physical Verification Activity [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Additional depreciation recognized

3,044

Softwares and Related Services Upgraded [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Additional depreciation recognized

2,122

Network equipment [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Additional depreciation recognized

9,711

Fortification of Fiber Optic Cables [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Additional depreciation recognized

3,215

Optical Line Terminal [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Additional depreciation recognized

786

Modernization of Key Core Network Equipment and Facilities [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Additional depreciation recognized

525

Modernization of Key Core Network Equipment and Facilities [Member] | Smart Inc [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Additional depreciation recognized

1,334

Transport Network Transformation [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Additional depreciation recognized

14,128

Transport Network Transformation [Member] | Smart Inc [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Additional depreciation recognized

₱ 5,074

CREATE Act [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Lower income tax rate

25%

Deferred income tax assets and liabilities

₱ 3,125

Provision (benefit) from deferred income taxes

₱ 579

BIR Revenue Regulations [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Applicable tax rate

27.50%

Provision for current tax expense income

₱ 485

Domestic and Foreign Corporations [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Applicable tax rate

25%

30%

Small and Medium Domestic Corporations [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Lower income tax rate

20%

Vega Telecom Inc. [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Total carrying values of intangible assets

₱ 18,885

Brightshare Holdings, Inc. [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Equity interest acquired

50%

Percentage of right on net assets

50%

PCEVs Beacon Electric Asset Holdings Inc [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Equity interest acquired

75%

Total consideration

₱ 4,852

Consideration settlement period in installments

annual installments from June 2018 to June 2021

Beacon Electric Asset Holdings, Inc. [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Equity interest acquired

50%

Consideration settlement period in installments

annual installments until June 2020

Equity interest

20%

PLDT Communications and Energy Ventures, Inc. [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Percentage of ownership

47.60%

65.30%

Number of directors | Director

9

Number of board seats | Seat

9

Additional depreciation recognized

₱ 1,798

Bottom of range [member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Percentage of NCI for partly-owned subsidiaries of parent

5%

5%

Bottom of range [member] | CREATE Act [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Lower MCIT rate

1%

Bottom of range [member] | MCIT [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Applicable tax rate

2%

Top of range [member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Non-cancellable lease period

30 years

Top of range [member] | CREATE Act [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Lower MCIT rate

2%

Top of range [member] | RCIT [Member]

Managements Use Of Accounting Judgments Estimates And Assumptions [Line Items]

Applicable tax rate

30%

Operating Segment Information -

Operating Segment Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022 Segment
Disclosure of operating segments [abstract]
Number of operating segments	3

Operating Segment Information_2

Operating Segment Information - Summary of Operating Segments (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Operating Segments [Line Items]
Revenues	₱ 205,245	₱ 193,257	₱ 181,004
Service revenues	196,227	185,751	173,634
Non-service revenues	9,018	7,506	7,370
Depreciation and amortization (Notes 9 and 10)	98,714	52,169	47,480
Asset impairment	6,107	4,985	7,646
Interest income	653	656	1,210
Equity share in net gains (losses) of associates and joint ventures	(3,304)	(1,101)	(2,328)
Financing costs – net	11,766	10,414	10,086
Provision for income tax	2,774	7,478	8,441
Net income (loss) / Segment profit (loss)	10,735	26,676	24,580
EBITDA	₱ 93,945	₱ 95,900	₱ 86,158
EBITDA margin	48%	52%	50%
Core income (loss)	₱ 30,567	₱ 29,937	₱ 27,129
Telco core income (loss)	33,116	30,233	28,087
Operating assets	554,980	559,579	504,167
VIH Equity	51,546	53,364	52,123
Deferred income tax assets – net	17,636	13,385	19,556
TOTAL ASSETS	624,162	626,328	575,846
Operating liabilities	509,997	498,694	455,455
Deferred income tax liabilities	204	169	726
TOTAL LIABILITIES	510,201	498,863	456,181
Capital expenditures, including capitalized interest (Note 9)	96,810	88,983	71,904
External customers [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	205,245	193,257	181,004
Service revenues	196,227	185,751	173,634
Non-service revenues	9,018	7,506	7,370
Wireless [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	103,482	105,492	101,789
Service revenues	95,060	98,512	95,748
Fixed Line [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	101,763	87,765	79,215
Service revenues	101,167	87,239	77,886
Non-service revenues	596	526	1,329
Operating Segments [Member] | Wireless [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	104,274	106,619	104,211
Service revenues			95,748
Non-service revenues			6,041
Depreciation and amortization (Notes 9 and 10)	52,660	40,459	35,134
Asset impairment	1,173	1,241	2,196
Interest income	451	355	537
Financing costs – net	8,349	7,551	6,886
Provision for income tax	3,793	3,366	4,536
Net income (loss) / Segment profit (loss)	15,104	9,434	15,166
EBITDA	₱ 53,260	₱ 60,876	₱ 60,272
EBITDA margin	56%	61%	61%
Core income (loss)	₱ 13,034	₱ 13,645	₱ 16,440
Telco core income (loss)	13,034	13,645	17,217
Operating assets	310,549	299,513	219,412
VIH Equity	40	39	40
Deferred income tax assets – net	6,871	4,695	6,943
TOTAL ASSETS	317,460	304,247	226,395
Operating liabilities	246,170	213,219	227,687
Deferred income tax liabilities			23
TOTAL LIABILITIES	246,170	213,219	227,710
Capital expenditures, including capitalized interest (Note 9)	46,636	36,898	33,118
Operating Segments [Member] | Wireless [Member] | External customers [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	103,482	105,492	101,789
Service revenues	95,060	98,512
Non-service revenues	8,422	6,980
Operating Segments [Member] | Wireless [Member] | Intersegment [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	792	1,127	2,422
Service revenues	792	1,127	2,422
Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	128,712	117,063	98,739
Service revenues			77,886
Non-service revenues			1,329
Depreciation and amortization (Notes 9 and 10)	55,790	22,139	19,383
Asset impairment	4,933	3,743	5,490
Interest income	202	275	636
Equity share in net gains (losses) of associates and joint ventures	(253)	(103)	(50)
Financing costs – net	6,107	6,029	6,059
Provision for income tax	(1,025)	4,103	3,734
Net income (loss) / Segment profit (loss)	16,185	26,146	14,509
EBITDA	₱ 50,382	₱ 45,832	₱ 33,405
EBITDA margin	39%	39%	34%
Core income (loss)	₱ 38,448	₱ 26,298	₱ 15,463
Telco core income (loss)	37,970	25,736	13,649
Operating assets	257,976	285,083	319,384
VIH Equity	43,304	43,519	43,690
Deferred income tax assets – net	9,280	8,433	11,628
TOTAL ASSETS	310,560	337,035	374,702
Operating liabilities	272,489	293,162	274,614
Deferred income tax liabilities	204	169	330
TOTAL LIABILITIES	272,693	293,331	274,944
Capital expenditures, including capitalized interest (Note 9)	50,174	52,085	38,786
Operating Segments [Member] | Fixed Line [Member] | External customers [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	101,763	87,765	79,215
Service revenues	101,167	87,239
Non-service revenues	596	526
Operating Segments [Member] | Fixed Line [Member] | Intersegment [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	26,949	29,298	19,524
Service revenues	26,949	29,290	19,524
Non-service revenues		8
Operating Segments [Member] | Others [Member]
Disclosure Of Operating Segments [Line Items]
Asset impairment	1	1	1
Interest income	14	26	92
Equity share in net gains (losses) of associates and joint ventures	(3,051)	(1,204)	2,378
Financing costs – net			55
Provision for income tax	(134)	(270)	(617)
Net income (loss) / Segment profit (loss)	(2,669)	384	(318)
EBITDA	(12)	(7)	(12)
Core income (loss)	(2,959)	(666)	193
Telco core income (loss)	68	192	2,188
Operating assets	10,768	7,351	6,371
VIH Equity	8,202	9,806	8,393
Deferred income tax assets – net	53	(81)	(350)
TOTAL ASSETS	19,023	17,076	14,414
Operating liabilities	1,630	1,023	1,457
TOTAL LIABILITIES	1,630	1,023	1,457
Elimination of intersegment amounts [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	(27,741)	(30,425)	(21,946)
Depreciation and amortization (Notes 9 and 10)	(9,736)	(10,429)	(7,037)
Asset impairment			(41)
Interest income	(14)		(55)
Financing costs – net	(2,690)	(3,166)	(2,914)
Provision for income tax	140	279	788
Net income (loss) / Segment profit (loss)	(17,885)	(9,288)	(4,777)
EBITDA	(9,685)	(10,801)	(7,507)
Core income (loss)	(17,956)	(9,340)	(4,967)
Telco core income (loss)	(17,956)	(9,340)	(4,967)
Operating assets	(24,313)	(32,368)	(41,000)
Deferred income tax assets – net	1,432	338	1,335
TOTAL ASSETS	(22,881)	(32,030)	(39,665)
Operating liabilities	(10,292)	(8,710)	(48,303)
Deferred income tax liabilities			373
TOTAL LIABILITIES	(10,292)	(8,710)	(47,930)
Elimination of intersegment amounts [Member] | Intersegment [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	(27,741)	(30,425)	(21,946)
Service revenues	₱ (27,741)	(30,417)	₱ (21,946)
Non-service revenues		₱ (8)

Operating Segment Information_3

Operating Segment Information - Summary of Reconciliation of Consolidated Net Income to Consolidated EBITDA (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [line items]
Net income	₱ 10,735	₱ 26,676	₱ 24,580
Add (deduct) adjustments:
Depreciation and amortization (Notes 9 and 10)	98,714	52,169	47,480
Financing costs – net	11,766	10,414	10,086
Foreign exchange losses (gains) – net (Notes 5 and 28)	4,685	3,890	(1,488)
Equity share in net losses of associates and joint ventures (Note 11)	3,304	1,101	2,328
Provision for income tax	2,774	7,478	8,441
Other non-recurring expenses	504	148
Amortization of intangible assets (Notes 15)	228	2,822	2,496
Interest income (Note 5)	(653)	(656)	(1,210)
Loss (gains) on derivative financial instruments - net (Note 28)	(2,322)	(1,400)	378
Other income (expenses) - net	(35,790)	(6,742)	(6,933)
Net loss (gain) on debt modification (Note 5)	295	(1,372)
Income from prescription of preferred shares redemption liability (Note 20)	(7,839)
Gain on sale and leaseback of telecom towers - gross of expenses (Note 9)	(25,234)
Gains on dilution of shares (Notes 5 and 11)	(660)	(826)	(394)
Gains on sale of property and equipment (Note 5)	(148)	(884)	(3,369)
Others	(2,352)	(4,544)	(6,539)
Total adjustments	83,210	69,224	61,578
Consolidated EBITDA	93,945	95,900	86,158
VIH [Member]
Disclosure of operating segments [line items]
Net income	(8,155)	(5,541)	(4,880)
Add (deduct) adjustments:
Depreciation and amortization (Notes 9 and 10)	182	218	237
Equity share in net losses of associates and joint ventures (Note 11)	3,026	2,237	2,392
Provision for income tax	2	2	5
Gains on dilution of shares (Notes 5 and 11)	₱ (660)	₱ (826)	₱ (394)

Operating Segment Information_4

Operating Segment Information - Summary of Reconciliation of Consolidated Net Income to Consolidated Core Income (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Operating Segments [Line Items]
Net income	₱ 10,735	₱ 26,676	₱ 24,580
Add (deduct) adjustments:
Accelerated depreciation	51,204	1,110
MRP	5,028	269	2,625
Foreign exchange losses (gains) – net (Notes 5 and 28)	4,685	3,890	(1,488)
Other non-recurring expenses	810
Net loss (gain) on debt modification - net of amortization of debt discount/premium	470	(1,339)
Impairment of investments and investment derecognized (Notes 11 and 12)	50	60	659
Amortization of intangible assets (Notes 15)	228	2,822	2,496
Losses from changes in fair value of financial assets at FVPL		174
CREATE Act impact for prior year deferred taxes		(355)
Core income adjustment on equity share in net income of associates and joint ventures	(195)	(7)	(6)
Net income attributable to noncontrolling interests	(250)	(309)	(296)
Loss (gains) on derivative financial instruments - net, excluding hedge costs (Note 28)	(2,572)	(1,651)	284
Income from prescription of preferred shares redemption liability (Note 20)	(7,839)
Gain on sale and leaseback of telecom towers - net of expenses (Note 9)	(24,563)
Net tax effect of aforementioned adjustments	(6,996)	(1,209)	(1,106)
Total adjustments	19,832	3,261	2,549
Consolidated core income	30,567	29,937	27,129
Add (deduct) adjustments:
Accelerated depreciation - net of tax			1,496
Loss on sale of Rocket Internet SE shares			364
Gain from condonation of debt			(240)
Gain on sale and leaseback of Smart Headquarters – net of tax			(2,293)
Gain on asset sales – net of tax (Note 5)	(30)	(983)
Total adjustments	2,549	296	958
Telco core income (loss)	33,116	30,233	28,087
VIH [Member]
Disclosure Of Operating Segments [Line Items]
Net income	(8,155)	(5,541)	(4,880)
Add (deduct) adjustments:
Share in VIH losses	3,239	1,981	1,954
VIH gain on dilution – net of tax	₱ (660)	(702)	(323)
Sun Trademark [Member]
Add (deduct) adjustments:
Amortization of intangible assets (Notes 15)		₱ 2,628	₱ 1,877

Operating Segment Information_5

Operating Segment Information - Summary of Reconciliation of Consolidated Basic and Diluted Core EPS to Consolidated Basic and Diluted EPS Attributable to Common Equity Holder of PLDT (Detail) - ₱ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Operating Segments [Line Items]
Consolidated core EPS, basic	₱ 141.20	₱ 138.29	₱ 125.29
Add (deduct) adjustments, basic
Gain on sale and leaseback of telecom towers - net of expenses, basic	86.95
Income from prescription of preferred redemption liability	27.21
Gains on derivative financial instruments - net, excluding hedge costs, basic	8.93	5.73	(0.92)
Core income adjustment on equity share in net income of associates and joint ventures, basic	0.90	0.03	0.03
CREATE Act impact on deferred taxes – net, basic		1.64
Losses from changes in fair value of financial assets at FVPL, basic		(0.81)
Impairment of investments, basic	(0.23)	(0.28)	(3.05)
Net gains (loss) on debt modification - net of amortization of debt discount/premium, basic	(1.63)	4.65
Impairment of property and equipment, basic	(3.60)
Foreign exchange losses - net, basic	(16.26)	(13.50)	5.36
MRP basic	(17.46)	(1.02)	(8.51)
Accelerated depreciation, basic	(177.75)	(3.85)
Total adjustments, basic	(92.94)	(16.53)	(13.17)
Consolidated EPS attributable to common equity holders of PLDT, basic	48.26	121.76	112.12
Consolidated core EPS, diluted	141.20	138.29	125.29
Add (deduct) adjustments, diluted
Gain on sale and leaseback of telecom towers - net of expenses, diluted	86.95
Income from prescription of preferred redemption liability, diluted	27.21
Gains on derivative financial instruments - net, excluding hedge costs, diluted	8.93	5.73	(0.92)
Core income adjustment on equity share in net income of associates and joint ventures, diluted	0.90	0.03	0.03
CREATE Act impact on deferred taxes – net, diluted		1.64
Losses from changes in fair value of financial assets at FVPL, diluted		(0.81)
Impairment of investments, diluted	(0.23)	(0.28)	(3.05)
Impairment of property and equipment, diluted	(3.60)
Net gains (loss) on debt modification - net of amortization of debt discount/premium, diluted	(1.63)	4.65
MRP, diluted	(17.46)	(1.02)	(8.51)
Foreign exchange losses - net, diluted	(16.26)	(13.50)	5.36
Accelerated depreciation, diluted	(177.75)	(3.85)
Total adjustments, diluted	(92.94)	(16.53)	(13.17)
Consolidated EPS attributable to common equity holders of PLDT, diluted	₱ 48.26	121.76	112.12
Sun Trademark [Member]
Add (deduct) adjustments, basic
Sun Trademark amortization, basic		(9.12)	(6.08)
Add (deduct) adjustments, diluted
Sun Trademark amortization, diluted		₱ (9.12)	₱ (6.08)

Operating Segment Information_6

Operating Segment Information - Summary of Revenues from External Customers by Category of Products and Services (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Operating Segments [Line Items]
Service revenues	₱ 196,227	₱ 185,751	₱ 173,634
Non-service revenues	9,018	7,506	7,370
Revenues	205,245	193,257	181,004
Wireless [Member]
Disclosure Of Operating Segments [Line Items]
Service revenues	95,060	98,512	95,748
Revenues	103,482	105,492	101,789
Wireless [Member] | Mobile [member]
Disclosure Of Operating Segments [Line Items]
Service revenues	93,029	95,619	95,589
Wireless [Member] | Home broadband [member]
Disclosure Of Operating Segments [Line Items]
Service revenues	2,028	2,889	40
Wireless [Member] | MVNO and others [member]
Disclosure Of Operating Segments [Line Items]
Service revenues	3	4	119
Wireless [Member] | Sale of mobile handsets and broadband data modems [member]
Disclosure Of Operating Segments [Line Items]
Non-service revenues	8,422	6,980	6,041
Fixed Line [Member]
Disclosure Of Operating Segments [Line Items]
Service revenues	101,167	87,239	77,886
Non-service revenues	596	526	1,329
Revenues	101,763	87,765	79,215
Fixed Line [Member] | Voice [member]
Disclosure Of Operating Segments [Line Items]
Service revenues	22,249	20,222	19,484
Fixed Line [Member] | Data [member]
Disclosure Of Operating Segments [Line Items]
Service revenues	78,692	66,760	58,064
Fixed Line [Member] | Miscellaneous [member]
Disclosure Of Operating Segments [Line Items]
Service revenues	226	257	338
Fixed Line [Member] | Sale of computers, phone units and SIM cards [member]
Disclosure Of Operating Segments [Line Items]
Non-service revenues	495	454	1,140
Fixed Line [Member] | Point-product-sales [member]
Disclosure Of Operating Segments [Line Items]
Non-service revenues	₱ 101	₱ 72	₱ 189

Income and Expenses - Summary o

Income and Expenses - Summary of Revenues from Contracts with Customers (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	₱ 205,245	₱ 193,257	₱ 181,004
Service Revenue [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	196,227	185,751	173,634
Non-service Revenue [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	9,018	7,506	7,370
Transferred over Time [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	196,227	185,751	173,634
Transferred at a Point Time [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	9,018	7,506	7,370
Elimination of intersegment amounts [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	(27,741)	(30,425)	(21,946)
Elimination of intersegment amounts [Member] | Service Revenue [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	(27,741)	(30,417)	(21,946)
Elimination of intersegment amounts [Member] | Non-service Revenue [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers		(8)
Elimination of intersegment amounts [Member] | Transferred over Time [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	(27,741)	(30,417)	(21,946)
Elimination of intersegment amounts [Member] | Transferred at a Point Time [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers		(8)
Wireless [Member] | Operating Segments [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	104,274	106,619	104,211
Wireless [Member] | Operating Segments [Member] | Service Revenue [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	95,852	99,639	98,170
Wireless [Member] | Operating Segments [Member] | Non-service Revenue [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	8,422	6,980	6,041
Wireless [Member] | Operating Segments [Member] | Transferred over Time [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	95,852	99,639	98,170
Wireless [Member] | Operating Segments [Member] | Transferred at a Point Time [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	8,422	6,980	6,041
Fixed Line [Member] | Operating Segments [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	128,712	117,063	98,739
Fixed Line [Member] | Operating Segments [Member] | Service Revenue [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	128,116	116,529	97,410
Fixed Line [Member] | Operating Segments [Member] | Non-service Revenue [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	596	534	1,329
Fixed Line [Member] | Operating Segments [Member] | Transferred over Time [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	128,116	116,529	97,410
Fixed Line [Member] | Operating Segments [Member] | Transferred at a Point Time [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	₱ 596	₱ 534	₱ 1,329

Income and Expenses - Summary_2

Income and Expenses - Summary of Contract Balances (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Contract Balances [Abstract]
Trade and other receivables	₱ 39,916	₱ 35,625
Contract assets	2,278	2,306
Contract liabilities and unearned revenues (Notes 22 and 24)	₱ 17,114	₱ 13,621	₱ 9,571	₱ 8,483

Income and Expenses - Additiona

Income and Expenses - Additional Information (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Analysis Of Contract Balances [Abstract]
Increase in gross trade and other receivables	₱ 4,291
Decrease in contract assets	28
Contract liabilities and unearned revenues	3,493
Noncurrent portion of contract liabilities and unearned revenues	7,615	₱ 3,558
Non current portion of contract liabilities and unearned revenues to obtain contracts		4,042
Current portion of contract liabilities and unearned revenues	9,499	10,063
CurrentPortionOfContractLiabilitiesAndUnearnedRevenuesToObtainContracts		817
Noncurrent portion of capitalized commissions	5,125
Current portion of capitalized commissions	1,161
Amortization of capitalized commissions	₱ 980	₱ 556	₱ 251

Income and Expenses - Summary_3

Income and Expenses - Summary of Movement in Allowance for Expected Credit Losses of Contracts Assets (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Movement In Allowance For Expected Credit Losses Of Contract Assets [Abstract]
Balances at beginning of the years	₱ 55	₱ 92	₱ 70
Provisions	4	32
Reclassification	(14)	(69)	22
Balances at end of the years	₱ 45	₱ 55	₱ 92

Income and Expenses - Summary_4

Income and Expenses - Summary of Changes in Contract Liabilities and Unearned Revenues Accounts (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Contract liabilities [abstract]
Balances at beginning of the years	₱ 13,621	₱ 9,571	₱ 8,483
Deferred during the year	123,218	138,346	127,160
Recognized as revenue during the year	(119,725)	(134,296)	(126,072)
Balances at end of the years	₱ 17,114	₱ 13,621	₱ 9,571

Income and Expenses - Summary_5

Income and Expenses - Summary of Contract Liabilities and Unearned Revenues Account (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Offsetting Liabilities [Line Items]
Total contract liabilities and unearned revenues	₱ 17,114	₱ 13,621	₱ 9,571	₱ 8,483
Contract liabilities:
Noncurrent	204	223
Current	5	21
Noncurrent	7,411	3,335
Current	9,494	10,042
Unearned revenues from prepaid contracts [member]
Offsetting Liabilities [Line Items]
Unearned revenues from prepaid contracts	5,842	6,716
Leased facilities [member]
Offsetting Liabilities [Line Items]
Contract liabilities and unearned revenues	4,938	2,045
Short-term advances for installatin services [member]
Offsetting Liabilities [Line Items]
Contract liabilities and unearned revenues	4,180	2,355
Advance Monthly Service Fees
Offsetting Liabilities [Line Items]
Contract liabilities and unearned revenues	2,136	2,476
Long-term advances from equipment [member]
Offsetting Liabilities [Line Items]
Contract liabilities and unearned revenues	₱ 18	₱ 29

Income and Expenses - Summary_6

Income and Expenses - Summary of Selling, General and Administrative Expenses (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Compensation and employee benefits	₱ 29,812	₱ 25,344	₱ 26,833
Repairs and maintenance (Notes 14, 18 and 25)	28,981	24,653	21,555
Professional and other contracted services (Note 25)	8,845	8,371	7,307
Selling and promotions (Note 25)	6,560	6,716	6,542
Taxes and licenses	4,059	4,331	5,495
Rent (Notes 10 and 25)	2,031	2,231	1,384
Insurance and security services (Note 25)	1,588	1,739	1,699
Communication, training and travel (Note 25)	1,479	977	903
Amortization of intangible assets (Notes 15)	228	2,822	2,496
Other expenses	1,721	1,119	1,041
Total selling, general and administrative expenses	₱ 85,304	₱ 78,303	₱ 75,255

Income and Expenses - Summary_7

Income and Expenses - Summary of Compensation and Employee Benefits (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Salaries and other employee benefits	₱ 21,763	₱ 21,676	₱ 20,856
MRP	5,028	269	2,625
Pension benefit costs (Note 26)	1,749	2,213	2,218
Incentive plan (Note 26)	1,272	1,186	1,134
Total compensation and employee benefits	₱ 29,812	₱ 25,344	₱ 26,833

Income and Expenses - Summary_8

Income and Expenses - Summary of Cost of Sales and Services (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Cost of computers, mobile handsets and broadband data modems (Note 18)	₱ 9,775	₱ 8,286	₱ 8,275
Cost of services (Note 18)	3,488	3,492	2,991
Cost of point-product-sales (Note 18)	1,254	1,563	1,029
Total cost of sales and services	₱ 14,517	₱ 13,341	₱ 12,295

Income and Expenses - Summary_9

Income and Expenses - Summary of Asset Impairment (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Trade and other receivables (Note 17)	₱ 5,156	₱ 3,737	₱ 6,446
Inventories and supplies (Note 18)	414	847	934
Property and equipment (Note 9)	309	148
Contract assets	227	253	266
Prepayments	1
Total asset impairment	₱ 6,107	₱ 4,985	₱ 7,646

Income and Expenses - Summar_10

Income and Expenses - Summary of Other Income (Expenses) - Net (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Gain on sale and leaseback of telecom towers - gross of expenses (Note 9)	₱ 25,234
Income from prescription of preferred shares redemption liability (Note 20)	7,839
Gains (losses) on derivative financial instruments – net (Note 28)	2,322	₱ 1,400	₱ (378)
Reversal of provisions	1,135	2,594	2,679
Gain on dilution of shares (Note 11)	660	826	394
Interest income	653	656	1,210
Gain on deconsolidation of PG1 (Note 11)	377
Gains on sale of property and equipment (Note 9)	148	884	3,369
Gain on change in fair value of Phunware, Inc., or Phunware (Note 12)		306
Gain on sale of Phunware		115
Gain (loss) on debt modification	(295)	1,372
Equity share in net earnings (losses) of associates and joint ventures	(3,304)	(1,101)	(2,328)
Foreign exchange gains (losses) – net (Note 28)	(4,685)	(3,890)	1,488
Financing costs – net	(11,766)	(10,414)	(10,086)
Others – net (Notes 11, 12 and 14)	692	645	491
Total other income (expenses) - net	₱ 19,010	₱ (6,607)	₱ (3,161)

Income and Expenses - Summar_11

Income and Expenses - Summary of Interest Income (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Interest income arising from revenue contracts with customers	₱ 294	₱ 299	₱ 414
Interest income on cash and cash equivalents (Note 16)	255	269	560
Interest income on financial instruments at amortized cost (Note 13)	59	13	143
Interest income on financial instruments at FVPL	12	23	8
Interest income on financial instruments at FVOCI		2	70
Interest income – others	33	50	15
Total interest income	₱ 653	₱ 656	₱ 1,210

Income and Expenses - Summar_12

Income and Expenses - Summary of Financing Costs - Net (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Analysis of income and expense [abstract]
Interest on loans and other related items (Notes 21 and 28)	₱ 10,860	₱ 10,482	₱ 10,333
Accretion on lease liabilities (Note 10)	2,064	1,170	1,125
Accretion on financial liabilities	375	239	146
Financing charges	215	105	79
Capitalized interest (Notes 9 and 29)	(1,748)	(1,582)	(1,597)
Total financing costs – net	₱ 11,766	₱ 10,414	₱ 10,086

Components of Other Comprehen_3

Components of Other Comprehensive Loss - Summary of Changes in Other Comprehensive Loss (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	₱ 127,465	₱ 119,665	₱ 116,290
Other comprehensive income (loss)	(257)	1,767	(4,290)
Closing of other comprehensive income cashflow hedges to retained earnings	(2,544)	(725)	(306)
Ending balance	113,961	127,465	119,665
Foreign currency translation differences of subsidiaries [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	366	701	722
Other comprehensive income (loss)	(217)	(335)	(21)
Ending balance	149	366	701
Net loss on financial investments at FVOCI - net of tax [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	(9)	(9)	(9)
Ending balance	(9)	(9)	(9)
Net transactions on cash flow hedges - net of tax [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	(1,965)	(1,202)	(896)
Other comprehensive income (loss)	(2,544)	(763)	(306)
Closing of other comprehensive income cashflow hedges to retained earnings	1,222
Ending balance	(3,287)	(1,965)	(1,202)
Revaluation increment on investment properties - net of tax [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	544	508	508
Other comprehensive income (loss)		36
Ending balance	544	544	508
Fair value adjustment on sale of property and equipment [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance		108	108
Other comprehensive income (loss)		(108)
Ending balance			108
Actuarial gains (losses) on defined benefit plans - net of tax [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	(35,356)	(35,720)	(31,763)
Other comprehensive income (loss)	2,500	364	(3,957)
Ending balance	(32,856)	(35,356)	(35,720)
Share in the other comprehensive income (loss) of associates and joint ventures accounted for using the equity method [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	(14)	(37)
Other comprehensive income (loss)	(6)	23	(37)
Ending balance	(20)	(14)	(37)
Fair value changes of financial instrument at FVOCI [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	(3)	(1)	(38)
Other comprehensive income (loss)		(2)	37
Ending balance	(3)	(3)	(1)
Total other comprehensive loss attributable to equity holders of PLDT [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	(36,437)	(35,652)	(31,368)
Other comprehensive income (loss)	(267)	(785)	(4,284)
Closing of other comprehensive income cashflow hedges to retained earnings	1,222
Ending balance	(35,482)	(36,437)	(35,652)
Share of noncontrolling interests [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	15	9	15
Other comprehensive income (loss)	10	6	(6)
Ending balance	25	15	9
Aoci Including Portion Attributable To Noncontrolling Interest [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	(36,422)	(35,643)	(31,353)
Other comprehensive income (loss)	(257)	(779)	(4,290)
Closing of other comprehensive income cashflow hedges to retained earnings	1,222
Ending balance	₱ (35,457)	₱ (36,422)	₱ (35,643)

Income Taxes - Summary of Major

Income Taxes - Summary of Major Components of Consolidated Net Deferred Income Tax Assets and Liabilities (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Net deferred income tax assets	₱ 17,636	₱ 13,385	₱ 19,556
Net deferred income tax liabilities	₱ 204	₱ 169	₱ 726

Income Taxes - Summary of Compo

Income Taxes - Summary of Components of Net Deferred Income Tax Assets and Liabilities (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	₱ 17,636	₱ 13,385	₱ 19,556
Net deferred income tax liabilities	204	169	₱ 726
Unearned revenues [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	6,305	3,022
Lease liability over right-of-use assets under IFRS 16 [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	3,693	581
Unamortized past service pension costs [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	3,229	3,364
Accumulated provision for expected credit losses [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	2,814	2,920
Unrealized foreign exchange gains [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	1,509	403
Pension and other employee benefits [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	1,304	3,590
Accumulated write-down of inventories to net realizable values [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	544	662
Derivative financial instruments [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	248	(30)
NOLCO [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	165	10
Fixed asset impairment/depreciation due to shortened life of property and equipment [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	115	79
Excess MCIT over RCIT [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	103	1
Taxes and duties capitalized [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	(129)	(141)
Customer list and trademark [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	(197)	129
Capitalized charges and others [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	(2,067)	(1,205)
Investment Property [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax liabilities	240	241
Unrealized foreign exchange gains [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax liabilities	10	5
Others [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Others	₱ (46)	₱ (77)

Income Taxes - Summary of Chang

Income Taxes - Summary of Changes in Consolidated Net Deferred Income Tax Assets (Liabilities) (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Net deferred income tax assets – balances at beginning of the year	₱ 13,385	₱ 19,556
Net deferred income tax liabilities – balances at beginning of the year	(169)	(726)
Net balances at beginning of the year	17,432	13,216	₱ 18,830
Benefit from (provision for) deferred income tax	4,175	(2,348)	(3,989)
Movement charged directly to other comprehensive loss	(148)	(3,239)
Others	189	(27)
Net deferred income tax assets – balances at end of the year	17,636	13,385	19,556
Net deferred income tax liabilities – balances at end of the year	₱ (204)	₱ (169)	₱ (726)

Income Taxes - Summary of Analy

Income Taxes - Summary of Analysis of Net Deferred Income Tax Assets (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax assets	₱ 17,636	₱ 13,385	₱ 19,556
Costs [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax assets	17,636	13,385
Costs [Member] | After 12 months [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax assets	15,336	10,127
Costs [Member] | Less than 1 year [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax assets	₱ 2,300	₱ 3,258

Income Taxes - Summary of Ana_2

Income Taxes - Summary of Analysis of Net Deferred Income Tax Liabilities (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax liabilities	₱ (204)	₱ (169)	₱ (726)
Costs [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax liabilities	(204)	(169)
Costs [Member] | After 12 months [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax liabilities	(221)	(173)
Costs [Member] | Less than 1 year [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax liabilities	₱ 17	₱ 4

Income Taxes - Summary of Provi

Income Taxes - Summary of Provision for (Benefit from) Income Tax (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Provision for current tax expense income	₱ 6,949	₱ 5,130	₱ 4,452
Deferred (Note 3)	(4,175)	2,348	3,989
Actual provision for corporate income tax	₱ 2,774	₱ 7,478	₱ 8,441

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - PHP (₱)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Other Income Expense [Line Items]
Excess MCIT deducted against RCIT	₱ 5,000,000	₱ 2,000,000	₱ 1,426,000,000
Unrecognized deferred income tax assets	748,000,000	901,000,000
Total excess MCIT	118,000,000
Expired portion of excess MCIT	3,000,000	0	1,000,000
Total NOLCO claimed as deduction against future taxable income	1,252,000,000
Deduction against taxable income	42,000,000	556,000,000	2,109,000,000
Expired portion of excess NOLCO	225,000	990,000,000	₱ 1,170,000,000
Expiration amount of NOLCO incurred after five years	₱ 1,016,000,000	81,000,000
Extended period of carry over period for net operating loss carry over	5 years
Previous extended period of carry over period for net operating loss carry over	3 years
December Thirty One Two Thousand And Twenty Two Net [Member]
Disclosure Of Other Income Expense [Line Items]
Total excess MCIT	₱ 118,000,000
Total NOLCO claimed as deduction against future taxable income	1,097,000,000
DMPI and ePLDT [Member]
Disclosure Of Other Income Expense [Line Items]
Unrecognized deferred income tax assets	₱ 135,000,000	₱ 201,000,000
Clark Tel [Member]
Disclosure Of Other Income Expense [Line Items]
Special income tax rate as percentage of gross sales	5%

Income Taxes - Summary of Recon

Income Taxes - Summary of Reconciliation Between the Provision for Income Tax at the Applicable Statutory Tax Rate and the Actual Provision for Corporate Income Tax (Details) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Major components of tax expense (income) [abstract]
Provision for income tax at the applicable statutory tax rate	₱ 3,377	₱ 8,538	₱ 9,906
Tax effects of:
Equity share in net loss (income) of associates and joint ventures	427	(284)	(20)
Nondeductible expenses	145	558	144
Loss (income) not subject to income tax	16	(50)	(27)
NOLCO/MCIT expiration	3	248	352
Tax adjustment due to CREATE		94
Special deductible items and income subject to lower tax rate	(141)	(204)	(537)
Income subject to final tax	(185)	(186)	(189)
Difference between Optional Standard Deduction, OSD, and itemized deductions	(765)	(610)	(426)
Net movement in unrecognized deferred income tax assets and other adjustments	(103)	(626)	(762)
Actual provision for corporate income tax	₱ 2,774	₱ 7,478	₱ 8,441

Income Taxes - Summary of Amoun

Income Taxes - Summary of Amount of Unrecognized Deferred Income Tax Assets (Details) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized	₱ 2,949	₱ 3,537
Consolidated unrecognized deferred income tax assets	748	901
Fixed asset impairment [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized	1,271	1,286
Accumulated provision for expected credit losses [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized	1,042	963
NOLCO [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized	592	327
Pension and other employee benefits [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized	101	75
Lease liability over ROU assets under IFRS 16 [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized	38	19
Unearned revenues [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized	16	21
Excess MCIT over RCIT [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized	15	22
Accumulated write-down of inventories to net realizable values [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized	13	13
Interest on subordinated shareholder advances [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset recognized		(4)
Unrealized foreign exchange gains [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized	(25)	28
Provisions [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized		₱ 787
Deductible temporary differences for which no deferred tax asset recognized	₱ (114)

Income Taxes - Summary of Break

Income Taxes - Summary of Breakdown of Consolidated Excess MCIT and NOLCO (Detail) ₱ in Millions	12 Months Ended
	Dec. 31, 2022 PHP (₱)
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
MCIT	₱ 118
Consolidated tax benefits, MCIT	118
Consolidated unrecognized deferred income tax assets, MCIT	(15)
Consolidated recognized deferred income tax assets, MCIT	103
NOLCO	1,252
Consolidated tax benefits, NOLCO	313
Consolidated unrecognized deferred income tax assets, NOLCO	(148)
Consolidated recognized deferred income tax assets, NOLCO	165
Foreign Affiliates [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
NOLCO	₱ 155
December 31, 2020 expiring 2023 [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Expiry Date	Dec. 31, 2023
MCIT	₱ 14
December 31, 2020 expiring 2025 [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Expiry Date	Dec. 31, 2025
December 31, 2021 expiring 2024 [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Expiry Date	Dec. 31, 2024
MCIT	₱ 1
December 31, 2021 expiring 2026 [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Expiry Date	Dec. 31, 2026
NOLCO	₱ 81
December 31, 2022 expiring 2025 [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
MCIT	103
NOLCO	₱ 1,016
December 31, 2022 expiring 2027 [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Expiry Date	Dec. 31, 2025
December 31, 2022, Net [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
MCIT	₱ 118
NOLCO	₱ 1,097

Earnings Per Common Share - Sum

Earnings Per Common Share - Summary of Information Necessary to Calculate EPS (Detail) - PHP (₱) ₱ / shares in Units, shares in Thousands, ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings per share [abstract]
Consolidated net income attributable to equity holders of PLDT, basic	₱ 10,485	₱ 26,367	₱ 24,284
Dividends on preferred shares, basic	(59)	(59)	(59)
Consolidated net income attributable to common equity holders of PLDT, basic	₱ 10,426	₱ 26,308	₱ 24,225
Weighted average number of common shares, basic	216,056	216,056	216,056
EPS attributable to common equity holders of PLDT, basic	₱ 48.26	₱ 121.76	₱ 112.12
Consolidated net income attributable to equity holders of PLDT, diluted	₱ 10,485	₱ 26,367	₱ 24,284
Dividends on preferred shares, diluted	(59)	(59)	(59)
Consolidated net income attributable to common equity holders of PLDT, diluted	₱ 10,426	₱ 26,308	₱ 24,225
Weighted average number of common shares, diluted	216,056	216,056	216,056
EPS attributable to common equity holders of PLDT, diluted	₱ 48.26	₱ 121.76	₱ 112.12

Property and Equipment - Summar

Property and Equipment - Summary of Changes in Property and Equipment Account (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	₱ 302,736	₱ 260,868
Additions (Note 4)	96,810	88,983
Telecom assets additions subject to subsequent sale and leaseback from tower companies	16,841
Disposals/Retirements	(14,696)	(333)
Reclassifications		146
Reclassifications to assets held-for-sale	(16,013)
Impairment losses recognized during the year (Note 5)	(309)	(148)
Translation differences charged directly to cumulative translation adjustments	2	1
Adjustments	272
Acquisition through business combinations	100
Depreciation and amortization	(92,998)	(46,781)	₱ (42,540)
Net book value at end of the year	292,745	302,736	260,868
Adjustments	(272)
Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	780,685	697,488
Net book value at end of the year	837,775	780,685	697,488
Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	(477,949)	(436,620)
Net book value at end of the year	(545,030)	(477,949)	(436,620)
Cable and wire facilities [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	71,533	58,290
Additions (Note 4)	194	1,306
Disposals/Retirements	(5)	(9)
Reclassifications	11
Impairment losses recognized during the year (Note 5)	(112)	(27)
Transfers and others	32,323	22,641
Adjustments	7	8
Depreciation and amortization	(32,994)	(10,676)
Net book value at end of the year	70,957	71,533	58,290
Adjustments	(7)	(8)
Cable and wire facilities [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	229,160	205,338
Net book value at end of the year	261,429	229,160	205,338
Cable and wire facilities [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	(157,627)	(147,048)
Net book value at end of the year	(190,472)	(157,627)	(147,048)
Central equipment [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	2,752	549
Additions (Note 4)	265	906
Disposals/Retirements		(1)
Reclassifications		1,850
Transfers and others	666
Adjustments	512
Depreciation and amortization	(589)	(552)
Net book value at end of the year	3,606	2,752	549
Adjustments	(512)
Central equipment [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	5,896	3,134
Net book value at end of the year	7,338	5,896	3,134
Central equipment [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	(3,144)	(2,585)
Net book value at end of the year	(3,732)	(3,144)	(2,585)
Network facilities [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	118,589	111,603
Additions (Note 4)	3,656	141
Telecom assets additions subject to subsequent sale and leaseback from tower companies	16,841
Disposals/Retirements	(6,529)	(81)
Reclassifications to assets held-for-sale	(12,372)
Impairment losses recognized during the year (Note 5)	(66)	(121)
Transfers and others	24,155	30,328
Translation differences charged directly to cumulative translation adjustments		1
Depreciation and amortization	(42,311)	(23,282)
Net book value at end of the year	101,963	118,589	111,603
Network facilities [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	327,195	298,169
Net book value at end of the year	328,729	327,195	298,169
Network facilities [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	(208,606)	(186,566)
Net book value at end of the year	(226,766)	(208,606)	(186,566)
Buildings [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	7,416	4,973
Additions (Note 4)	31	145
Disposals/Retirements	(1)	(27)
Reclassifications		2,795
Transfers and others	724	629
Adjustments	(2)	(8)
Acquisition through business combinations	23
Depreciation and amortization	(1,545)	(1,091)
Net book value at end of the year	6,646	7,416	4,973
Adjustments	2	8
Buildings [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	26,838	23,647
Net book value at end of the year	26,788	26,838	23,647
Buildings [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	(19,422)	(18,674)
Net book value at end of the year	(20,142)	(19,422)	(18,674)
Vehicles, furniture and other network equipment [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	5,239	6,596
Additions (Note 4)	731	570
Disposals/Retirements	(158)	(52)
Reclassifications		55
Impairment losses recognized during the year (Note 5)	(131)
Transfers and others	412	195
Translation differences charged directly to cumulative translation adjustments	1	(1)
Adjustments	(240)
Acquisition through business combinations	77
Depreciation and amortization	(1,774)	(2,124)
Net book value at end of the year	4,157	5,239	6,596
Adjustments	240
Vehicles, furniture and other network equipment [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	40,586	41,856
Net book value at end of the year	40,572	40,586	41,856
Vehicles, furniture and other network equipment [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	(35,347)	(35,260)
Net book value at end of the year	(36,415)	(35,347)	(35,260)
Information origination and termination equipment [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	27,850	17,340
Additions (Note 4)	6,389	5,678
Transfers and others	8,445	10,077
Depreciation and amortization	(7,898)	(5,245)
Net book value at end of the year	34,786	27,850	17,340
Information origination and termination equipment [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	62,595	46,885
Net book value at end of the year	77,429	62,595	46,885
Information origination and termination equipment [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	(34,745)	(29,545)
Net book value at end of the year	(42,643)	(34,745)	(29,545)
Land improvements [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	4,163	4,148
Additions (Note 4)	28	43
Disposals/Retirements	(7)	(163)
Transfers and others	120	145
Depreciation and amortization	(32)	(10)
Net book value at end of the year	4,272	4,163	4,148
Land improvements [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	4,451	4,427
Net book value at end of the year	4,591	4,451	4,427
Land improvements [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	(288)	(279)
Net book value at end of the year	(319)	(288)	(279)
IT systems and platforms [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	8,506	7,217
Additions (Note 4)	8	23
Disposals/Retirements	(20)
Transfers and others	8,092	4,900
Translation differences charged directly to cumulative translation adjustments	1	1
Depreciation and amortization	(5,789)	(3,635)
Net book value at end of the year	10,798	8,506	7,217
IT systems and platforms [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	27,099	23,868
Net book value at end of the year	35,095	27,099	23,868
IT systems and platforms [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	(18,593)	(16,651)
Net book value at end of the year	(24,297)	(18,593)	(16,651)
Security platforms [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	178	92
Additions (Note 4)		145
Transfers and others	21	107
Depreciation and amortization	(66)	(166)
Net book value at end of the year	133	178	92
Security platforms [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	355	104
Net book value at end of the year	377	355	104
Security platforms [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	(177)	(12)
Net book value at end of the year	(244)	(177)	(12)
Property under construction [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	56,510	50,060
Additions (Note 4)	85,508	80,026
Disposals/Retirements	(7,976)
Reclassifications	(11)	(4,554)
Reclassifications to assets held-for-sale	(3,641)
Transfers and others	(74,958)	(69,022)
Adjustments	(5)
Net book value at end of the year	55,427	56,510	50,060
Adjustments	5
Property under construction [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	56,510	50,060
Net book value at end of the year	₱ 55,427	₱ 56,510	₱ 50,060

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) ₱ in Millions

1 Months Ended

12 Months Ended

Jan. 01, 2026 Site

Dec. 31, 2025 Site

Mar. 16, 2023 PHP (₱) Site TelecomTower

Mar. 15, 2023 PHP (₱) Servicepoint TelecomTower Site

Feb. 10, 2023 PHP (₱) TelecomTower

Dec. 15, 2022 Site TelecomTower Servicepoint

Jul. 29, 2022 PHP (₱)

Apr. 19, 2022 PHP (₱) Site TelecomTower

Jun. 13, 2017 PHP (₱)

May 30, 2016 PHP (₱)

Dec. 31, 2022 PHP (₱) TelecomTower

Oct. 31, 2022 TelecomTower

Sep. 30, 2022 TelecomTower

Aug. 31, 2022 PHP (₱) TelecomTower

Jun. 30, 2022 TelecomTower

Dec. 31, 2022 PHP (₱) Site TelecomTower

Dec. 31, 2021 PHP (₱)

Dec. 31, 2020 PHP (₱)

Disclosure of detailed information about property, plant and equipment [line items]

Interest capitalized to property and equipment | ₱

₱ 1,748

₱ 1,582

₱ 1,597

Average interest capitalization rate

4%

4%

4%

Net foreign exchange differences qualified as borrowing costs | ₱

₱ 351

₱ 29

₱ 0

Cost of fully depreciated property and equipment that are still being used | ₱

₱ 83,055

83,055

77,201

Total consideration | ₱

₱ 100

₱ 21,800

₱ 26,200

₱ 136

Net book value | ₱

292,745

292,745

₱ 302,736

₱ 260,868

Sale and Leaseback Transaction [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

95

287

Total consideration | ₱

₱ 1,133

₱ 4,054

Percentage of towers portfolio sale

85%

85%

SPAs [Member] | Assets and Liabilities Classified as Held-for-Sale [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Net book value | ₱

₱ 7,125

₱ 7,125

TowerCos [Member] | MSAs [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

4,665

Total consideration | ₱

₱ 60,492

Percentage of towers portfolio sale

79%

Sale and leaseback gain | ₱

₱ 24,563

Sale and leaseback gain after tax | ₱

₱ 18,783

Smart and DMPI [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

4,665

Total consideration | ₱

₱ 60,492

Smart and DMPI [Member] | TowerCos [Member] | SPAs [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

5,907

Total consideration | ₱

₱ 77,000

Smart and DMPI [Member] | TowerCos [Member] | SPAs [Member] | ISOC edotco Towers, Inc. [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

2,973

Smart and DMPI [Member] | TowerCos [Member] | SPAs [Member] | Comworks Infratech Corp. [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

2,934

Smart and DMPI [Member] | TowerCos [Member] | MSAs [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

1,662

Smart and DMPI [Member] | TowerCos [Member] | MSAs [Member] | Sale and Leaseback Transaction [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

1,662

Net book value | ₱

₱ 21,309

Smart and DMPI [Member] | TowerCos [Member] | MSAs [Member] | Unity [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

650

Leaseback period of towers sold

10 years

Number of commitment to place service orders of build-to-suit sites | Site

220

Number of committed build-to-suit sites | Site

2,270

Smart and DMPI [Member] | TowerCos [Member] | MSAs [Member] | Unity [Member] | Sale and Leaseback Transaction [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

650

Leaseback period of towers sold

10 years

Number of commitment to place service orders of build-to-suit sites | Site

220

Number of committed build-to-suit sites | Site

2,270

Smart and DMPI [Member] | TowerCos [Member] | MSAs [Member] | Frontier [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

1,012

Leaseback period of towers sold

10 years

Number of points of service commitment to place service orders | Servicepoint

550

Number of committed build-to-suit sites | Site

2,270

Smart and DMPI [Member] | TowerCos [Member] | MSAs [Member] | Frontier [Member] | Sale and Leaseback Transaction [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

1,012

Leaseback period of towers sold

10 years

Number of points of service commitment to place service orders | Servicepoint

550

Number of committed build-to-suit sites | Site

2,270

Smart Inc [Member] | TowerCos [Member] | MSAs [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of sale of telecom towers | TelecomTower

230

259

151

1,013

3,012

Leaseback period of towers sold

10 years

Information about sale and leaseback transactions

The sale and leaseback with the ToweCos is complemented by a commitment to place service orders for a total of 1,000 Build-To-Suit, or BTS, sites before December 31, 2025 and 50 comitted BTS sites each year for five years starting January 1, 2026, or another total of 500 BTS sites. Thus, total committed BTS sites with the TowerCos is 1,500. The closing of the agreements will be on a staggered basis depending on the satisfaction of closing conditions based on the number of towers transferred. The first closing commenced in June 2022, with the final closing in 2023.

Number of commitment to place service orders of build-to-suit sites | Site

500

Number of committed build-to-suit sites | Site

1,500

Smart Inc [Member] | TowerCos [Member] | MSAs [Member] | Sale and Leaseback Transaction [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of commitment to place service orders of build-to-suit sites | Site

50

1,000

RFTI [Member] | Common Tower Pilot (CTP) Program [Member]

Disclosure of detailed information about property, plant and equipment [line items]

Number of build-to-suit sites ready for service | Site

106

Property and Equipment - Summ_2

Property and Equipment - Summary of Estimated Useful Lives of Property and Equipment (Detail)	12 Months Ended
	Dec. 31, 2022
Cable and wire facilities [Member] | Bottom of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	5 years
Cable and wire facilities [Member] | Top of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	15 years
Central equipment [Member] | Bottom of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	3 years
Central equipment [Member] | Top of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	15 years
Network facilities [Member] | Bottom of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	3 years
Network facilities [Member] | Top of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	15 years
Buildings [Member] | Bottom of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	25 years
Buildings [Member] | Top of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	50 years
Vehicles, furniture and other network equipment [Member] | Bottom of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	3 years
Vehicles, furniture and other network equipment [Member] | Top of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	15 years
Information origination and termination equipment [Member] | Bottom of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	5 years
Information origination and termination equipment [Member] | Top of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	15 years
Land improvements [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	10 years
IT systems and platforms [Member] | Bottom of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	3 years
IT systems and platforms [Member] | Top of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	5 years
Security platforms [Member] | Bottom of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	3 years
Security platforms [Member] | Top of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	5 years
Leasehold improvements [Member] | Bottom of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	3 years
Leasehold improvements [Member] | Top of range [member]
Disclosure Of Property Plant And Equipment [Line Items]
Estimated useful lives of assets	10 years

Property and Equipment - Summ_3

Property and Equipment - Summary of Completed Sales (Details) ₱ in Millions				1 Months Ended	12 Months Ended
	Jul. 29, 2022 PHP (₱)	Jun. 13, 2017 PHP (₱)	May 30, 2016 PHP (₱)	Aug. 31, 2022 PHP (₱)	Dec. 31, 2022 PHP (₱) TelecomTower
Disclosure of detailed information about property, plant and equipment [line items]
Cash Consideration	₱ 100	₱ 21,800	₱ 26,200	₱ 136
Smart and DMPI [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Tower Assets Sold | TelecomTower					4,665
Cash Consideration					₱ 60,492
Net Book Value of Tower Assets (excluding taxes)					₱ 22,874
Smart and DMPI [Member] | June 1, 2022 [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Tower Assets Sold | TelecomTower					3,012
Cash Consideration					₱ 39,228
Net Book Value of Tower Assets (excluding taxes)					₱ 12,937
Smart and DMPI [Member] | August 1, 2022 [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Tower Assets Sold | TelecomTower					1,013
Cash Consideration					₱ 13,190
Net Book Value of Tower Assets (excluding taxes)					₱ 5,253
Smart and DMPI [Member] | September 1, 2022 [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Tower Assets Sold | TelecomTower					151
Cash Consideration					₱ 1,801
Net Book Value of Tower Assets (excluding taxes)					₱ 1,606
Smart and DMPI [Member] | October 3, 2022 [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Tower Assets Sold | TelecomTower					259
Cash Consideration					₱ 3,529
Net Book Value of Tower Assets (excluding taxes)					₱ 1,377
Smart and DMPI [Member] | December 9, 2022 [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Tower Assets Sold | TelecomTower					230
Cash Consideration					₱ 2,744
Net Book Value of Tower Assets (excluding taxes)					₱ 1,701

Leases - Schedule of Estimated

Leases - Schedule of Estimated Useful Life of Right of Use Assets (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Sites | Bottom of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	1 year
Sites | Top of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	30 years
International Leased Circuits | Bottom of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	1 year	1 year
International Leased Circuits | Top of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	11 years	10 years
Poles | Bottom of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	2 years	1 year
Poles | Top of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	12 years	12 years
Domestic Leased Circuits | Bottom of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	1 year	1 year
Domestic Leased Circuits | Top of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	10 years	10 years
Office buildings [Member] | Bottom of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	1 year
Office buildings [Member] | Top of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	25 years
Co Located Sites | Bottom of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	3 years
Co Located Sites | Top of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	7 years

Leases - Schedule of Estimate_2

Leases - Schedule of Estimated Useful Life of Right of Use Assets (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
International Leased Circuits | Bottom of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	1 year	1 year
International Leased Circuits | Top of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	11 years	10 years
Poles | Bottom of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	2 years	1 year
Poles | Top of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	12 years	12 years
Domestic Leased Circuits | Bottom of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	1 year	1 year
Domestic Leased Circuits | Top of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	10 years	10 years

Leases - Schedule of Changes in

Leases - Schedule of Changes in Right of Use Assets (Details) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	₱ 20,081
Additions (Note 29)	34,274	₱ 7,314
Depreciation	(5,716)	(5,388)	₱ (4,940)
Balances at end of the year	28,863	20,081
Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	34,392	28,596
Additions (Note 29)	34,274	7,314
Business combination	90
Asset retirement obligation	(1,507)	213
Currency translation	1	1
Disposals	(5)	(23)
Terminations	(12,945)	(1,762)
Modifications	(12,464)	53
Balances at end of the year	41,836	34,392	28,596
Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(14,311)	(10,293)
Business combination	(33)
Asset retirement obligation	1,648
Currency translation	(1)	(1)
Disposals	5	23
Terminations	5,445	1,353
Depreciation	(5,716)	(5,388)
Modifications	(10)	(5)
Balances at end of the year	(12,973)	(14,311)	(10,293)
Sites
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	14,427
Balances at end of the year	36,256	14,427
Sites | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	23,093	17,854
Additions (Note 29)	32,735	5,967
Business combination	90
Asset retirement obligation	(1,412)	211
Disposals		(1)
Terminations	(12,196)	(1,045)
Modifications	(7)	107
Balances at end of the year	42,303	23,093	17,854
Sites | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(8,666)	(6,556)
Business combination	(33)
Asset retirement obligation	1,545
Disposals		1
Terminations	4,931	889
Depreciation	(3,824)	(2,999)
Modifications		(1)
Balances at end of the year	(6,047)	(8,666)	(6,556)
International Leased Circuits
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	2,243
Balances at end of the year	1,563	2,243
International Leased Circuits | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	4,257	4,288
Additions (Note 29)	402	226
Terminations	(294)	(290)
Modifications	(106)	33
Balances at end of the year	4,259	4,257	4,288
International Leased Circuits | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(2,014)	(1,346)
Terminations	150	148
Depreciation	(832)	(816)
Balances at end of the year	(2,696)	(2,014)	(1,346)
Poles
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	2,002
Balances at end of the year	1,675	2,002
Poles | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	3,631	3,370
Additions (Note 29)	116	47
Disposals		(16)
Modifications	432	230
Balances at end of the year	4,179	3,631	3,370
Poles | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(1,629)	(967)
Disposals		16
Depreciation	(875)	(678)
Balances at end of the year	(2,504)	(1,629)	(967)
Domestic Leased Circuits
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	766
Balances at end of the year	1,066	766
Domestic Leased Circuits | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	1,732	1,294
Additions (Note 29)	851	890
Terminations	(139)	(143)
Modifications	(8)	(309)
Balances at end of the year	2,436	1,732	1,294
Domestic Leased Circuits | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(966)	(427)
Terminations	71	35
Depreciation	(475)	(574)
Balances at end of the year	(1,370)	(966)	(427)
Office buildings [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	639
Balances at end of the year	433	639
Office buildings [Member] | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	1,669	1,781
Additions (Note 29)	165	184
Asset retirement obligation	(95)	2
Currency translation	1	1
Disposals	(5)	(6)
Terminations	(316)	(284)
Modifications	1	(9)
Balances at end of the year	1,420	1,669	1,781
Office buildings [Member] | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(1,030)	(993)
Asset retirement obligation	103
Currency translation	(1)	(1)
Disposals	5	6
Terminations	293	281
Depreciation	(347)	(319)
Modifications	(10)	(4)
Balances at end of the year	(987)	(1,030)	(993)
Co Located Sites
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	4
Balances at end of the year	6	4
Co Located Sites | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	10	9
Additions (Note 29)	5
Modifications		1
Balances at end of the year	15	10	9
Co Located Sites | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(6)	(4)
Depreciation	(3)	(2)
Balances at end of the year	(9)	₱ (6)	₱ (4)
Sale and Leaseback Adjustment
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at end of the year	(12,136)
Sale and Leaseback Adjustment | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Modifications	(12,776)
Balances at end of the year	(12,776)
Sale and Leaseback Adjustment | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Depreciation	640
Balances at end of the year	₱ 640

Leases - Summary of Number of S

Leases - Summary of Number of Sites Awarded (Details) - Common Tower Pilot (CTP) Program [Member]	12 Months Ended
	Dec. 31, 2022 Site
Unity Digital Infrastructure [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Sites Awarded	50
Alt-Global-Solutions, Inc. [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Sites Awarded	34
Transcend Towers Infrastructure (Philippines) Inc. [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Sites Awarded	13
Communication and Renewable Energy Infrastructure Phils. Inc. [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Sites Awarded	67
Edotco Towers Inc. [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Sites Awarded	10
Frontier Tower Associates Philippines, Inc. [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Sites Awarded	84
ISON Tower Ltd. Inc. [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Sites Awarded	108
MIESCOR Infrastructure Development Corporation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Sites Awarded	38
Phil-Tower Consortium Inc. [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Sites Awarded	55
SBA Towers Philippines, Inc. [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Number of Sites Awarded	5

Leases - Summary of Amounts Rec

Leases - Summary of Amounts Recognized in Consolidated Income Statements (Details) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Information About Amounts Recognized In Consolidated Income Statement [Abstract]
Depreciation of ROU assets	₱ 5,716	₱ 5,388	₱ 4,940
Interest expense on lease liabilities (Note 5)	2,064	1,170	1,125
Expenses relating to short-term leases (included in general and administrative expenses) (Note 5)	1,440	1,459	618
Variable lease payments (included in general and administrative expenses) (Note 5)	589	771	764
Expenses relating to leases of low-value assets (included in general and administrative expenses) (Note 5)	2	1	2
Total amount recognized in consolidated income statements	₱ 9,811	₱ 8,789	₱ 7,449

Leases - Schedule of Changes _2

Leases - Schedule of Changes in Lease Liabilities (Details) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lease liabilities [abstract]
Balances at beginning of the year	₱ 21,686	₱ 20,025
Additions (Note 29)	34,277	7,314
Accretion on lease liabilities (Note 10)	2,064	1,170	₱ 1,125
Lease modifications	317	33
Foreign exchange gains - net	215	147
Business combination	46
Adjustment		11
Reclassed to lease liabilities held-for-sale	(1,668)
Termination	(6,171)	(467)
Settlement of obligations	(8,331)	(6,547)
Balances at end of the year (Notes 3 and 29)	42,435	21,686	₱ 20,025
Current portion of lease liabilities (Note 10)	10,477	4,555
Noncurrent portion of lease liabilities (Note 28)	₱ 31,958	₱ 17,131

Leases - Additional Information

Leases - Additional Information (Details) ₱ in Millions			1 Months Ended						12 Months Ended
	Dec. 15, 2022 TelecomTower	Apr. 19, 2022 TelecomTower	Dec. 31, 2022 PHP (₱) TelecomTower	Oct. 31, 2022 TelecomTower	Sep. 30, 2022 TelecomTower	Aug. 31, 2022 TelecomTower	Jun. 30, 2022 TelecomTower	Jan. 31, 2020 Site	Dec. 31, 2022 PHP (₱) TelecomTower Site	Dec. 31, 2021 PHP (₱)	Dec. 31, 2020 PHP (₱)
Disclosure of quantitative information about right-of-use assets [line items]
Cash outflow for leases									₱ 8,331	₱ 6,547	₱ 5,781
Non-cash additions to ROU assets									34,274	7,314
non-cash additions to lease liabilities									34,277	7,314
Rental income relating to investment properties			₱ 51						51	48	₱ 51
ROU assets			28,863						28,863	20,081
Lease liabilities			10,477						10,477	₱ 4,555
Assets and Liabilities Classified as Held-for-Sale [Member]
Disclosure of quantitative information about right-of-use assets [line items]
ROU assets			1,646						1,646
Lease liabilities			₱ 1,506						1,506
MSAs [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Net increase in lease liability									27,761
Net increase in ROU assets									₱ 14,984
TowerCos [Member] | MSAs [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Number of sale of telecom towers | TelecomTower									4,665
TowerCos [Member] | Common Tower Pilot (CTP) Program [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Number of sites commitment covered | Site								200
Number of additional sites commitment covered | Site								936
Smart and DMPI [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Number of sale of telecom towers | TelecomTower									4,665
Smart and DMPI [Member] | TowerCos [Member] | SPAs [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Number of sale of telecom towers | TelecomTower		5,907
Smart and DMPI [Member] | TowerCos [Member] | MSAs [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Number of sale of telecom towers | TelecomTower	1,662
Smart [Member] | TowerCos [Member] | MSAs [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Number of sale of telecom towers | TelecomTower			230	259	151	1,013	3,012
Leaseback period of towers sold		10 years
Smart [Member] | TowerCos [Member] | Common Tower Pilot (CTP) Program [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Number of service orders issued to build-to-suit sites | Site									464
R F T I [Member] | Common Tower Pilot (CTP) Program [Member]
Disclosure of quantitative information about right-of-use assets [line items]
Number of build-to-suit sites | Site									210
Number of build-to-suit sites ready for service | Site									106

Leases - Schedule of Rentals Re

Leases - Schedule of Rentals Receivable Under Non-cancellable Operating Leases (Details) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]
Rentals receivable under non-cancellable operating leases	₱ 57	₱ 51
Less than 1 year [Member]
Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]
Rentals receivable under non-cancellable operating leases	₱ 57	₱ 51

Investments in Associates and_3

Investments in Associates and Joint Ventures - Carrying Value of Investments in Associates (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Jul. 29, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 03, 2018	Nov. 08, 2018	Feb. 28, 2018
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in associates	₱ 17,922		₱ 17,206				₱ 1,664
Carrying value of investments in joint ventures	33,624		36,158
Total carrying value of investments in associates and joint ventures	51,546		53,364	₱ 52,123
VTI, Bow Arken and Brightshare [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in joint ventures	33,584		33,596
Telecommunications Connectivity, Inc., or TCI [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in joint ventures	40		39
Multisys [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in associates		₱ 248
Carrying value of investments in joint ventures			2,521		₱ 550	₱ 2,150
PFC [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in joint ventures			1
VFC [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in joint ventures			1
Beacon [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in joint ventures	40,966
MediaQuest PDRs [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in associates	9,855		9,984
Total carrying value of investments in associates and joint ventures	12,634		10,508
VIH [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in associates	7,959		7,080
Total carrying value of investments in associates and joint ventures	9,714		6,398
Appcard, Inc., or Appcard [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in associates	₱ 108		110
Asia Outsourcing Beta Limited [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in associates			₱ 32

Investments in Associates and_4

Investments in Associates and Joint Ventures - Carrying Value of Investments in Associates (Parenthetical) (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 02, 2022	Aug. 10, 2022	Jul. 06, 2022	Dec. 31, 2021
Multisys [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Subscription payable	₱ 261	₱ 620	₱ 620	₱ 620	₱ 620

Investments in Associates and_5

Investments in Associates and Joint Ventures - Changes in Cost of Investments (Detail) - PHP (₱) ₱ in Millions		12 Months Ended
	Jul. 29, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year		₱ 53,364	₱ 52,123
Purchase of interests in investments accounted for using equity method	₱ 248	3,514	1,754	₱ 579
Disposals		(2,458)	(359)
Translation and other adjustments			92
Balances at end of the year		51,546	53,364	52,123
Costs [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year		61,986	60,110
Purchase of interests in investments accounted for using equity method		3,514	1,777
Disposals		(2,421)
Translation and other adjustments		(59)	99
Balances at end of the year		₱ 63,020	₱ 61,986	₱ 60,110

Investments in Associates and_6

Investments in Associates and Joint Ventures - Changes in Accumulated Impairment Losses (Detail) - PHP (₱) ₱ in Millions		12 Months Ended
	Jul. 29, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year		₱ 53,364	₱ 52,123
Additions during the year (Note 4)	₱ 248	3,514	1,754	₱ 579
Translation and other adjustments			92
Balances at end of the year		51,546	53,364	52,123
Fixed asset impairment [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year		2,755	2,603
Additions during the year (Note 4)		50	60
Balances at end of the year		₱ 2,805	₱ 2,755	₱ 2,603

Investments in Associates and_7

Investments in Associates and Joint Ventures - Summary of Changes in Accumulated Equity Share in Net Earnings of Associates and Joint Ventures (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year	₱ (53,364)	₱ (52,123)
Disposals	(2,458)	(359)
Equity share in net gains (losses) of associates and joint ventures	(3,304)	(1,101)	₱ (2,328)
Translation and other adjustments		92
Balances at end of the year	(51,546)	(53,364)	(52,123)
MediaQuest PDRs [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year	(10,508)
Balances at end of the year	(12,634)	(10,508)
VIH [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year	(6,398)
Equity share in net gains (losses) of associates and joint ventures	(3,026)	(2,237)	(2,392)
Balances at end of the year	(9,714)	(6,398)
Accumulated equity share in net earnings of associates and joint ventures [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year	(5,867)	(5,384)
Share in the other comprehensive income (losses) of associates and joint ventures accounted for using the equity method	(6)	23
Disposals	(37)
Equity share in net gains (losses) of associates and joint ventures	(3,304)	(1,101)
Translation and other adjustments	545	595
Balances at end of the year	(8,669)	(5,867)	₱ (5,384)
Accumulated equity share in net earnings of associates and joint ventures [Member] | VTI, Bow Arken and Brightshare [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Equity share in net gains (losses) of associates and joint ventures	74	971
Accumulated equity share in net earnings of associates and joint ventures [Member] | Multisys [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Equity share in net gains (losses) of associates and joint ventures	(95)	55
Accumulated equity share in net earnings of associates and joint ventures [Member] | Telecommunications Connectivity, Inc., or TCI [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Equity share in net gains (losses) of associates and joint ventures	1	(1)
Accumulated equity share in net earnings of associates and joint ventures [Member] | VFC [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Equity share in net gains (losses) of associates and joint ventures	(1)
Accumulated equity share in net earnings of associates and joint ventures [Member] | Paymaya Finserve Corporation, or PFC [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Equity share in net gains (losses) of associates and joint ventures	(2)
Accumulated equity share in net earnings of associates and joint ventures [Member] | MediaQuest PDRs [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Equity share in net gains (losses) of associates and joint ventures	(129)	70
Accumulated equity share in net earnings of associates and joint ventures [Member] | Digitel Crossing, Inc. [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Equity share in net gains (losses) of associates and joint ventures		33
Accumulated equity share in net earnings of associates and joint ventures [Member] | Appcard [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Equity share in net gains (losses) of associates and joint ventures	(2)	8
Accumulated equity share in net earnings of associates and joint ventures [Member] | VIH [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Equity share in net gains (losses) of associates and joint ventures	(3,026)	₱ (2,237)
Accumulated equity share in net earnings of associates and joint ventures [Member] | PGI [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Equity share in net gains (losses) of associates and joint ventures	₱ (124)

Investments in Associates and_8

Investments in Associates and Joint Ventures - Additional Information (Detail) ₱ / shares in Units, $ / shares in Units, ₱ in Thousands, $ in Thousands, $ in Millions

1 Months Ended

5 Months Ended

12 Months Ended

23 Months Ended

Feb. 17, 2023 ₱ / shares shares

Aug. 12, 2022

Jul. 29, 2022 PHP (₱) ₱ / shares shares

May 17, 2022 USD ($)

Apr. 07, 2022 USD ($)

Feb. 28, 2022 PHP (₱) Seat

Jan. 20, 2022 ₱ / shares shares

Oct. 06, 2021 PHP (₱)

Sep. 24, 2021 PHP (₱) ₱ / shares

Jun. 11, 2021 PHP (₱) shares

Jun. 11, 2021 USD ($) shares

May 14, 2021 USD ($) shares

Dec. 01, 2020 PHP (₱)

Jun. 17, 2020 Seat

Apr. 06, 2020 PHP (₱)

Dec. 23, 2019 PHP (₱) ₱ / shares shares

Jun. 03, 2019 PHP (₱)

Dec. 03, 2018 PHP (₱)

Nov. 08, 2018 PHP (₱)

Apr. 13, 2018 PHP (₱)

Apr. 13, 2018 SGD ($) $ / shares shares

Mar. 23, 2018 PHP (₱)

Mar. 14, 2018 USD ($)

Mar. 02, 2018 PHP (₱)

Feb. 27, 2018 PHP (₱) shares

Dec. 15, 2017 PHP (₱) shares

Dec. 05, 2017

Jun. 27, 2017 PHP (₱)

Jun. 13, 2017 PHP (₱)

May 30, 2017

May 19, 2017 USD ($)

Feb. 28, 2017 PHP (₱) shares

Dec. 01, 2016

Aug. 24, 2016 ₱ / shares shares

Jul. 22, 2016 USD ($)

May 30, 2016 PHP (₱) Entity Tranche

Oct. 09, 2015 PHP (₱)

May 30, 2015

May 21, 2015 PHP (₱)

Feb. 05, 2013 USD ($)

Jun. 06, 2012 PHP (₱)

May 08, 2012

Aug. 31, 2022 PHP (₱)

Jul. 31, 2021 PHP (₱)

Dec. 31, 2014 PHP (₱) ₱ / shares shares

Jun. 30, 2013 PHP (₱)

Dec. 31, 2000

Dec. 31, 2022 PHP (₱) shares

Dec. 31, 2022 PHP (₱) shares

Dec. 31, 2021 PHP (₱) Seat shares

Dec. 31, 2020 PHP (₱) ₱ / shares shares

Dec. 31, 2019 PHP (₱)

Dec. 31, 2018 USD ($) Seat

Dec. 31, 2017 PHP (₱)

Dec. 31, 2012 PHP (₱)

Dec. 31, 2011 PHP (₱)

Dec. 14, 2014 USD ($) shares

Mar. 03, 2023 PHP (₱)

Feb. 28, 2023 PHP (₱)

Jan. 03, 2023 PHP (₱)

Dec. 02, 2022 PHP (₱)

Aug. 10, 2022 PHP (₱)

Jul. 06, 2022 PHP (₱)

Apr. 19, 2021 PHP (₱)

Apr. 19, 2021 USD ($)

Feb. 28, 2018 PHP (₱)

May 29, 2017 PHP (₱)

Oct. 16, 2012 shares

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Carrying value of investments in associates

₱ 17,922,000

₱ 17,922,000

₱ 17,206,000

₱ 1,664,000

Additional Investments

₱ 800,000

Consideration paid (received)

₱ 100,000

₱ 21,800,000

₱ 26,200,000

₱ 136,000

Percentage of economic interest transferred to employees

70%

Amount of equity interest acquired

51,546,000

51,546,000

53,364,000

₱ 52,123,000

Equity interest acquired

87.12%

50%

Reversal of Impairment loss

1,135,000

2,594,000

2,679,000

Percentage of acquiring other interest

50%

Number of other entities | Entity

2

Total consideration transferred

₱ 52,800,000

Number of tranches | Tranche

3

Assumed liabilities

₱ 17,200,000

Amount advanced to cover working capital requirements

₱ 2,600,000

Outstanding advances

11,359,000

11,359,000

Total carrying values of intangible assets

1,608,000

1,608,000

1,156,000

Goodwill arising from acquisition

62,941,000

62,941,000

61,379,000

Goodwill | shares

165,880,000

Percentage of outstanding common stock purchases under tender offer

12.82%

Tender offer to purchase common shares price per share | ₱ / shares

₱ 2.20

Tender offer expiration date

Oct. 20, 2016

Number of shares tendered | shares

107,000,000

Percentage of issued and outstanding common shares under shares tendered

8.30%

Carrying value of investments in joint ventures

33,624,000

33,624,000

36,158,000

Equity interest paid

248,000

3,514,000

1,754,000

579,000

Goodwill

62,941,000

62,941,000

61,379,000

Revenues

205,245,000

193,257,000

181,004,000

Net income

10,735,000

26,676,000

24,580,000

Amount receivable period

2019 to 2021

Vega Telecom Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Outstanding advances

11,038,000

11,038,000

Total carrying values of intangible assets

18,885,000

Goodwill arising from acquisition

17,824,000

Percentage of issued and outstanding capital stock

99.10%

Goodwill

₱ 17,824,000

Bow Arken Holdings Company [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Outstanding advances

238,000

238,000

Brightshare Holdings, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Equity interest acquired

50%

Outstanding advances

83,000

₱ 83,000

Multisys [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Carrying value of investments in associates

248,000

Payment for acquisition of shares

₱ 136,000

Consideration paid (received)

₱ 100,000

Equity interest acquired

4.99%

subscribed shares equivalent to amount subscribed | shares

227,000,000

2,307,000,000

Total consideration transferred

₱ 2,225,000

Goodwill arising from acquisition

₱ 1,031,000

1,565,000

Carrying value of investments in joint ventures

550,000

₱ 2,150,000

2,521,000

Percentage of equity interest

4.99%

45.73%

50.72%

Payment for acquisition of existing shares

523,000

Equity interest paid

₱ 27,000

Investment as deposit for future stock subscription

800,000

Stock subscription payable outstanding

800,000

Goodwill

1,031,000

₱ 1,565,000

Trade and other receivables

₱ 261,000

Decrease in net income

₱ 776,000

Equity earn out payable

₱ 170,000

Equity earn out payment

₱ 17,000

₱ 153,000

Contingent consideration

60,000

230,000

Subscription payment

₱ 180,000

Subscription payable

261,000

261,000

620,000

₱ 620,000

₱ 620,000

₱ 620,000

Subscription payable partially paid

₱ 100,000

₱ 150,000

₱ 109,000

Number of common shares additional acquired | shares

227

Revenues

155,000

Net income

569,000

Multisys [Member] | Restated Shareholder's Agreement [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Equity interest

50.72%

Number of common shares additional acquired | shares

2,307

Multisys [Member] | Technologies and Customer Relationships [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Fair value of identifiable net assets and liabilities

₱ 1,357,000

Beacon [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Carrying value of investments in joint ventures

40,966,000

₱ 40,966,000

Beacon Electric Asset Holdings, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Equity interest acquired

50%

Equity interest

20%

Proceeds from sale of stock

₱ 17,000,000

Consideration received in future

₱ 9,200,000

Consideration settlement period in installments

annual installments until June 2020

PCEVs Beacon Electric Asset Holdings Inc [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Consideration paid (received)

₱ 4,852,000

Equity interest acquired

75%

Consideration received in future

₱ 9,800,000

Consideration settlement period in installments

annual installments from June 2018 to June 2021

Consideration settled

₱ 12,000,000

Percentage of receivable proposed for sale

50%

Period of proceeds from sale of shares

2019 to 2021

Amounts receivable

₱ 5,550,000

Metro Pacific Investments Corporation And Ayala Group

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Consideration paid (received)

₱ 2,124,000

Receivables from divestment of assets

₱ 2,230,000

Metro Pacific Investments Corporation [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Receivables from divestment of assets

168,000

Aggregated individually immaterial joint ventures [member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Outstanding contingent liabilities

620,000

Revenues

754,000

166,000

Net income

₱ 13,000

320,000

Tranche One [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of consideration paid upon acquisition

50%

Tranche Two [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of consideration paid upon acquisition

25%

Tranche Three [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of consideration paid upon acquisition

25%

PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of investment in associates

36.63%

38.45%

Subscription share price | $

$ 215,000

Percentage of ownership

48.74%

Number of board seats | Seat

2

6

2

VFC and PFC [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Subscription price per share | ₱ / shares

₱ 0.10

₱ 0.10

₱ 0.10

Percentage of voting equity interests acquired

60%

60%

60%

Percentage of economic interest transferred to employees

1.48%

1.48%

1.48%

Amount of equity interest acquired

₱ 0

₱ 0

₱ 1,000

Pacnet Network Philipines Inc [Member] | Asia Netcom Philippines Corp. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Equity interest

40%

40%

Ayala Group And Metro Pacific Investments Corporation [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Description of concession agreement

MPIC and Ayala Group signed a ten-year concession agreement with the DOTC to build and implement the AFCS project.

Common Stock [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Number of shares issued | shares

219,000,000

219,000,000

219,000,000

Common Stock [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of investment in associates

100%

Consideration paid (received) | $

$ 465,000

C36.82lass B Convertible Preference Shares36.82august [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Number of shares issued | shares

15,600,000

15,600,000

Consideration paid (received)

₱ 1,218,000

$ 25,000

Total consideration | $

$ 120,800

Class C Convertible Preferred Shares [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of investment in associates

37%

Consideration paid (received) | $

$ 3,252,000

New round of fundraise amount | $

$ 62,000

Common B Shares [Member] | VFC and PFC [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Number of shares issued | shares

2,700,000

6,200,000

Total consideration

₱ 8,900

Preferred Shares [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Consideration paid (received)

₱ 3,563,000

2,760,000 Subscribed Preferred Shares [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Subscription share price

₱ 11,040,000

Number of shares subscribed or to be issued | shares

2,800,000

Subscribed per share

₱ 4

Premium over par value per subscribed share

3

Premium over subscription share price

8,280,000

Subscribed payment

11,040,000

800,000 Subscribed Preferred Shares [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Subscription share price

₱ 3,000,000

₱ 3,200,000

Number of shares subscribed or to be issued | shares

600,000

800,000

Subscribed per share

₱ 5

₱ 4

Premium over par value per subscribed share

4

3

Premium over subscription share price

2,400,000

2,400,000

Subscribed payment

₱ 10,000

₱ 148,000

₱ 2,990,000

Advances outstanding to cover assumed liabilities and working capital requirements of acquired companies

₱ 69,000

₱ 69,000

₱ 13,000

Major business combination [member] | Multisys [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Subscription payable

₱ 261,000

₱ 261,000

₱ 261,000

Subscription payable partially paid

₱ 50,000

₱ 100,000

₱ 60,000

Major business combination [member] | VFC and PFC [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Subscription price per share | ₱ / shares

₱ 0.10

Percentage of voting equity interests acquired

60%

Percentage of economic interest transferred to employees

1.48%

Major business combination [member] | Common B Shares [Member] | VFC and PFC [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Number of shares issued | shares

8,000,000

Beneficial Trust Fund Holdings Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Number of shares issued | shares

150,000,000

Associates [member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Dividends received

0

0

316,000

Outstanding contingent liabilities

0

0

0

Top of range [member] | C36.82lass B Convertible Preference Shares36.82august [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of ownership

38.45%

38.45%

Top of range [member] | Class C Convertible Preferred Shares [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of ownership

36.63%

36.82%

Bottom of range [member] | Vega Telecom Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of issued and outstanding common shares owned by VTI

95%

Bottom of range [member] | C36.82lass B Convertible Preference Shares36.82august [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of ownership

41.87%

41.87%

Bottom of range [member] | Class C Convertible Preferred Shares [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of ownership

36.82%

38.45%

MediaQuest PDRs [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Total deposits

₱ 6,000,000

Percentage of investment in associates

40%

Carrying value of investments in associates

9,855,000

9,855,000

9,984,000

Additional Investments

1,000,000

2,000,000

₱ 1,400,000

₱ 3,100,000

Percentage of economic interest transferred to employees

40%

Amount of equity interest acquired

12,634,000

₱ 12,634,000

10,508,000

AppCard [Member] | PLDT Capital Pte. Ltd., or PLDT Capital [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Total consideration

₱ 5,000

Asia Outsourcing Beta Limited [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Carrying value of investments in associates

₱ 32,000

Asia Outsourcing Beta Limited [Member] | PLDT Capital [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of investment in associates

20%

20%

Consideration paid (received) | $

$ 680

Percentage of economic interest transferred to employees

18.32%

Amount of equity interest acquired | $

$ 40,000

Shares transferred to employees, net payment | $

$ 51

Cash distribution received out of redemption of preferred shares and buyback of ordinary shares | $

$ 41,800

Cash distribution received out of redemption of preferred shares and buyback of ordinary shares | $

$ 1,200

$ 11,200

Asia Outsourcing Beta Limited [Member] | Common Stock [Member] | PLDT Capital [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Amount of equity interest acquired | $

200

Number of shares transferred | shares

27

Asia Outsourcing Beta Limited [Member] | Preferred Shares [Member] | PLDT Capital [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Amount of equity interest acquired | $

$ 39,800

Number of shares transferred | shares

9,643

Shares redeemed | shares

35,300,000

Asia Outsourcing Beta Limited [Member] | Asia Outsourcing Gamma Limited Customer Relationship Management [Member] | PLDT Capital [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of investment in associates

18.32%

Consideration paid (received) | $

$ 190,900

Cash distribution received out of redemption of preferred shares and buyback of ordinary shares | $

$ 57,050

Description of completion of sale transaction

The transaction was completed on September 30, 2016.

Net proceeds form sale of business | $

$ 330,000

Asia Outsourcing Beta Limited [Member] | Asia Outsourcing Gamma Limited Customer Relationship Management [Member] | Common Stock [Member] | PLDT Capital [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Number of shares issued | shares

554

Digitel Crossing, Inc. [Member] | Asia Netcom Philippines Corp. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of investment in associates

20%

Digitel Crossing, Inc. [Member] | Pacnet Network Philipines Inc [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Equity interest acquired

40%

Digitel Crossing, Inc. [Member] | Broadband Infrastructure Group Ltd [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Equity interest acquired

20%

Satventures, Inc. [Member] | MediaQuest PDRs [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Total deposits

₱ 3,600,000

Percentage of investment in associates

40%

Smart [Member] | Common Stock [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Number of shares issued | shares

96,000,000

53,000,000

Percentage of shares issued and outstanding

100%

Consideration paid (received)

$ 96

₱ 465,000

Par value | $ / shares

$ 1

Subscription price

₱ 3,806,000

Settlement date

Apr. 13, 2018

Apr. 13, 2018

Smart [Member] | Common Stock [Member] | VIH [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Number of shares issued | shares

170,000,000

Consideration paid (received)

₱ 3,527,000

Smart [Member] | AF Payments, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of investment in associates

20%

Smart [Member] | Telecommunications Connectivity, Inc., or TCI [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of investment in associates

33.30%

33.33%

Total consideration

₱ 10,000

₱ 30,000

Subscription price per share | ₱ / shares

₱ 1

₱ 1

subscribed shares equivalent to amount subscribed | shares

10,000,000

30,000,000

Carrying value of investments in joint ventures

40,000

₱ 40,000

₱ 39,000

Smart Inc [Member] | AF Payments, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of investment in associates

20%

20%

Total consideration

₱ 503,000

Subscription price per share | ₱ / shares

₱ 1

Smart Inc [Member] | AF Payments, Inc. [Member] | Series B Preferred Stock

Disclosure of Investments in Associates and Joint Ventures [Line Items]

subscribed shares equivalent to amount subscribed | shares

503,000,000

Digitel [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Reversal of Impairment loss

₱ 201,000

₱ 92,000

Description Of Significant Influence In Joint Venture

Though Digitel owned more than half of the voting interest in ANPC, management assessed that Digitel only had significant influence, and not control, due to certain governance matters.

Digitel [Member] | Asia Netcom Philippines Corp. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of investment in associates

60%

Amount of equity interest acquired

₱ 69,000

$ 2,000

Equity interest

60%

60%

Digitel [Member] | Digitel Crossing, Inc. [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of investment in associates

40%

Equity interest acquired

40%

PG1 [Member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Carrying value of investment in subsidiaries

₱ 0

₱ 0

Excess of equity share in net losses

3,000

Gain on deconsolidation

₱ 376,700

Number of board seats | Seat

4

Amount of equity interest acquired

₱ 44,700

Revenues

70,000

Net income

₱ 267,000

PG1 [Member] | Top of range [member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Consideration paid (received)

₱ 44,700

Percentage of ownership

36.63%

36.82%

65.30%

PG1 [Member] | Bottom of range [member]

Disclosure of Investments in Associates and Joint Ventures [Line Items]

Percentage of ownership

36.82%

38.45%

47.60%

Investments in Associates and_9

Investments in Associates and Joint Ventures - Summarized Statements of Financial Position (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Feb. 28, 2018
Statements of Financial Position:
Noncurrent assets	₱ 542,833	₱ 552,397
Current assets	81,329	73,931
Noncurrent liabilities	263,199	274,589
Current liabilities	247,002	224,274
Equity	113,961	127,465	₱ 119,665	₱ 116,290
Carrying amount of assets in VTI, Bow Arken and Brightshare	33,624	36,158
Carrying value of investments in associates	17,922	17,206			₱ 1,664
Additional Information:
Cash and cash equivalents	25,211	23,907	₱ 40,237	₱ 24,369
Noncurrent financial liabilities	203,459	244,568
PG1 [Member]
Statements of Financial Position:
Noncurrent assets	3,283
Current assets	123
Noncurrent liabilities	3,146
Current liabilities	847
Equity	587
VTI, Bow Arken and Brightshare [Member]
Statements of Financial Position:
Noncurrent assets	77,543	76,925
Current assets	4,617	4,836
Noncurrent liabilities	9,264	9,442
Current liabilities	2,260	2,155
Equity	70,636	70,164
Carrying amount of assets in VTI, Bow Arken and Brightshare	33,584	33,596
Additional Information:
Cash and cash equivalents	2,733	3,183
Current financial liabilities	142	60
Satventures, Inc. [Member]
Statements of Financial Position:
Noncurrent assets	21,910	22,402
Current assets	8,612	7,942
Noncurrent liabilities	2,418	2,304
Current liabilities	11,706	11,440
Equity	16,398	16,600
Carrying value of investments in associates	9,854	9,984
Additional Information:
Cash and cash equivalents	688	749
Current financial liabilities	986	386
Noncurrent financial liabilities	1,148	1,319
VIH [Member]
Statements of Financial Position:
Noncurrent assets	3,514	2,403
Current assets	18,599	10,146
Noncurrent liabilities	252	115
Current liabilities	10,850	5,310
Equity	11,011	7,124
Carrying value of investments in associates	7,959	7,080
Additional Information:
Cash and cash equivalents	6,410	6,597
Current financial liabilities	₱ 10,740	₱ 5,253

Investments in Associates an_10

Investments in Associates and Joint Ventures - Summarized Statements of Financial Position (Parenthetical) (Detail) ₱ in Billions	12 Months Ended
	Dec. 31, 2021 PHP (₱)
MediaQuest PDRs [Member]
Disclosure Of Significant Investments In Associates [Line Items]
Deposit for preferred stock subscriptions	₱ 1

Investments in Associates an_11

Investments in Associates and Joint Ventures - Summarized Income Statements (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statements:
Revenues	₱ 205,245	₱ 193,257	₱ 181,004
Depreciation and amortization	98,714	52,169	47,480
Interest expense	10,860	10,482	10,333
Provision for income tax	2,774	7,478	8,441
Net income (loss)	10,735	26,676	24,580
Other comprehensive income (loss)	(257)	1,767	(4,290)
Total comprehensive loss (loss)	10,478	25,897	20,290
PLDT's share	10,218	25,582	20,000
CREATE adjustment		2,546
Equity share in net earnings (losses) of associates and joint ventures	(3,304)	(1,101)	(2,328)
PG1 [Member]
Income Statements:
Revenues	70
Depreciation and amortization	153
Net income (loss)	267
Total comprehensive loss (loss)	267
Equity share in net earnings (losses) of associates and joint ventures	127
VTI, Bow Arken and Brightshare [Member]
Income Statements:
Revenues	4,033	3,772	3,413
Depreciation and amortization	1,569	1,490	1,445
Interest income (loss)	45	16	25
Provision for income tax	178	174	196
Net income (loss)	148	157	175
Total comprehensive loss (loss)	148	157	175
PLDT's share	74	79	87
CREATE adjustment		892
Equity share in net earnings (losses) of associates and joint ventures	74	971	87
Satventures, Inc. [Member]
Income Statements:
Revenues	11,189	11,467	9,127
Depreciation and amortization	1,424	1,268	1,049
Interest income (loss)	3	2	16
Interest expense	212	219	241
Provision for income tax	16	200	153
Net income (loss)	(203)	110	260
Total comprehensive loss (loss)	(203)	110	260
Equity share in net earnings (losses) of associates and joint ventures	(130)	70	166
VIH [Member]
Income Statements:
Revenues	7,683	5,336	4,717
Depreciation and amortization	182	218	237
Interest income (expense)	133	9	(516)
Provision for income tax	2	2	5
Net income (loss)	(8,155)	(5,541)	(4,880)
Other comprehensive income (loss)		30	(47)
Total comprehensive loss (loss)	(8,155)	(5,511)	(4,927)
Equity share in net earnings (losses) of associates and joint ventures	₱ (3,026)	(2,237)	(2,392)
AFPI
Income Statements:
Revenues		20	166
Net income (loss)		25	(116)
Total comprehensive loss (loss)		₱ 25	₱ (116)

Investments in Associates an_12

Investments in Associates and Joint Ventures - Carrying Value of PCEV's Investments in VIH (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Investments in Associates and Joint Ventures [Line Items]
VIH Equity	₱ 51,546	₱ 53,364	₱ 52,123
Goodwill arising from acquisition	62,941	61,379
VIH [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
VIH Equity	₱ 9,714	₱ 6,398
PCEV's noncontrolling interests	36.63%	38.45%
Share in net assets of VIH	₱ 3,558	₱ 2,460
Goodwill arising from acquisition	4,401	4,620
Carrying amount of interest in VIH	₱ 7,959	₱ 7,080

Investments in Associates an_13

Investments in Associates and Joint Ventures - Carrying Value of PCEV's Investments in VIH (Parenthetical) (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
VIH [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Stock options on equity net	₱ 1,297	₱ 726

Investments in Associates an_14

Investments in Associates and Joint Ventures - Summarized Financial Information of PG1 (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statements of Financial Position:
Noncurrent assets	₱ 542,833	₱ 552,397
Current assets	81,329	73,931
Noncurrent liabilities	(263,199)	(274,589)
Current liabilities	(247,002)	(224,274)
Deficit	(113,961)	₱ (127,465)	₱ (119,665)	₱ (116,290)
PG1 [Member]
Statements of Financial Position:
Noncurrent assets	3,283
Current assets	123
Noncurrent liabilities	(3,146)
Current liabilities	(847)
Deficit	₱ (587)

Investments in Associates an_15

Investments in Associates and Joint Ventures - Summary of Investments in AFPI (Detail) - AF Payments, Inc. [Member] - Smart Communications, Inc. [Member] - shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Common Stock [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Number of shares	625.7	625.7
Preferred Stock [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Number of shares	364.2	314.2

Investments in Associates an_16

Investments in Associates and Joint Ventures - Summary of Additional Capital (Detail) - Preferred Stock [Member] - Smart Inc [Member] - AF Payments, Inc. [Member] - PHP (₱) ₱ / shares in Units, ₱ in Millions	Mar. 29, 2022	Mar. 30, 2021	Mar. 11, 2020	Mar. 29, 2019
Disclosure Of Investments In Associates And Joint Ventures [Line Items]
Number of Shares Acquired	50	60	60	70
Subscription Price Per Share	₱ 1	₱ 1	₱ 1	₱ 1
Subscription Price	₱ 50	₱ 60	₱ 60	₱ 70

Investments in Associates an_17

Investments in Associates and Joint Ventures - Carrying Value of PLDT's Investments in VTI,Bow Arken and Brightshare (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Investments in Associates and Joint Ventures [Line Items]
VIH Equity	₱ 51,546	₱ 53,364	₱ 52,123
VTI, Bow Arken and Brightshare [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
VIH Equity	₱ 70,636	₱ 70,164
Percentage of investment in associates	50%	50%
Share in net assets of VIH	₱ 35,318	₱ 35,082
Share in adjustment based on liability and ETPI net cash balance	442	442
Reimbursements	(230)	(155)
Share in SMC's advances in VTI, Bow Arken and Brightshare	(840)	(840)
Minority interest's share in net losses	(952)	(857)
Others	(154)	(76)
Carrying amount of interest in VTI, Bow Arken and Brightshare	₱ 33,584	₱ 33,596

Investments in Associates an_18

Investments in Associates and Joint Ventures - Summary of Identifiable Assets and Liabilities at Date of Acquisition (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Nov. 08, 2018	May 30, 2016
Disclosure of detailed information about business combination [line items]
TOTAL ASSETS	₱ 624,162	₱ 626,328	₱ 575,846
TOTAL LIABILITIES	510,201	498,863	₱ 456,181
TOTAL EQUITY AND LIABILITIES	₱ 624,162	₱ 626,328
Total consideration transferred, acquisition-date fair value					₱ 52,800
Multisys [Member]
Disclosure of detailed information about business combination [line items]
Cash and cash equivalents				₱ 55
Trade and other receivables - net				261
Work in progress				77
Other current assets				247
Technologies				449
Customer contracts and relationships				220
Property and equipment - net				100
Right-of-use assets - net				57
Deferred tax assets - net				217
TOTAL ASSETS				1,684
Trade and other payables				242
Lease liability				46
Deferred tax liability				96
Retirement benefit obligation				7
TOTAL LIABILITIES				391
TOTAL EQUITY AND LIABILITIES				1,293
Goodwill from the acquisition (Note 15)				1,565
Total identifiable assets acquired				2,858
Non-controlling interest				633
Cash paid				248
Fair value of previous interest				1,977
Total consideration transferred, acquisition-date fair value				₱ 2,225

Investments in Associates an_19

Investments in Associates and Joint Ventures - Summary of Sale of PCEV Shares to MPIC (Detail) ₱ in Millions, $ in Millions

1 Months Ended

12 Months Ended

Jul. 29, 2022 PHP (₱)

Apr. 07, 2022 USD ($) shares

Jun. 11, 2021 USD ($) shares

Mar. 12, 2021 USD ($) shares

Dec. 31, 2020 USD ($) shares

Mar. 14, 2018 USD ($) shares

Jun. 13, 2017 PHP (₱) shares

May 30, 2016 PHP (₱) shares

Jun. 06, 2012 PHP (₱) shares

Aug. 31, 2022 PHP (₱)

Dec. 31, 2022

Dec. 31, 2021

Disclosure Of Joint Ventures [Line Items]

Total consideration | ₱

₱ 100

₱ 21,800

₱ 26,200

₱ 136

Deferred Gain Realized | ₱

₱ 4,962

₱ 4,962

PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure Of Joint Ventures [Line Items]

Equity interest

36.63%

38.45%

Preferred Shares [Member]

Disclosure Of Joint Ventures [Line Items]

Number of Shares Sold

458

458

282

Total consideration | ₱

₱ 3,563

Deferred Gain Realized | ₱

₱ 2,012

Common Stock [Member]

Disclosure Of Joint Ventures [Line Items]

Number of Shares Sold

646

646

Common Stock [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure Of Joint Ventures [Line Items]

Number of Shares Sold

53,400,000

Total consideration | $

$ 465

Equity interest

100%

Subscription of Ordinary Shares [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure Of Joint Ventures [Line Items]

Number of Shares Sold

95,900,000

Total consideration | $

$ 3,806

Equity interest

100%

Class A2 Preference Shares [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure Of Joint Ventures [Line Items]

Number of Shares Sold

6,700,000

7,900,000

Total consideration | $

$ 447

$ 544

Equity interest

42%

44%

Class B Convertible Preferred Shares [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure Of Joint Ventures [Line Items]

Number of Shares Sold

15,600,000

Total consideration | $

$ 1,218

Equity interest

38%

Class C Convertible Preferred Shares [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

Disclosure Of Joint Ventures [Line Items]

Number of Shares Sold

27,200,000

Total consideration | $

$ 3,252

Equity interest

37%

Investments in Associates an_20

Investments in Associates and Joint Ventures - Summary of Financial Information of Individually Immaterial Joint Investments in Joint Ventures (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Joint Ventures [Line Items]
Revenues	₱ 205,245	₱ 193,257	₱ 181,004
Net income	10,735	26,676	24,580
Other comprehensive income	(257)	1,767	(4,290)
TOTAL COMPREHENSIVE INCOME	₱ 10,478	25,897	20,290
Aggregated individually immaterial joint ventures [member]
Disclosure Of Joint Ventures [Line Items]
Revenues		754	166
Net income		13	320
TOTAL COMPREHENSIVE INCOME		₱ 13	₱ 320

Financial Assets at FVPL - Summ

Financial Assets at FVPL - Summary of Details Financial Assets at FVPL (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Financial Assets [Line Items]
Financial assets at FVPL	₱ 432	₱ 339
Club Shares and others [Member]
Disclosure Of Financial Assets [Line Items]
Financial assets at FVPL	₱ 432	₱ 339

Financial Assets at FVPL - Addi

Financial Assets at FVPL - Additional Information (Detail) ₱ in Millions, $ in Millions	Oct. 25, 2021 USD ($)	Oct. 25, 2021 PHP (₱)	Feb. 27, 2018 USD ($)	Sep. 03, 2015 USD ($)	Mar. 15, 2019 USD ($)	Dec. 18, 2015 USD ($)	Sep. 04, 2015 USD ($)
Disclosure Of Financial Assets [Line Items]
Percentage of subscribed promissory note in associate				8%
Amount of subscribed promissory note issued by associate				$ 5
Convertible promissory note payable							$ 5
Phunware [Member]
Disclosure Of Financial Assets [Line Items]
Business combination enterprise value			$ 301
Preferred shares conversion ratio			100%
Amount of total consideration paid for common shares purchase					$ 1.6
Aggregate amount against shares sold	$ 9.5	₱ 482
Gain on fair value changes | ₱		306
Gain on sales of common shares | ₱		₱ 115
Phunware [Member] | Series F Preferred Shares [Member]
Disclosure Of Financial Assets [Line Items]
Amount of total consideration of preferred shares subscribed						$ 3

Debt Instruments at Amortized_3

Debt Instruments at Amortized Cost - Summary of Debt Instruments at Amortized Cost (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about financial instruments [Line Items]
Investment in debt securities and other long-term investments	₱ 596	₱ 607
Less: Current portion of debt instrument at amortized cost (Note 28)		207
Noncurrent portion of debt instrument at amortized cost (Note 28)	596	400
Retail Treasury Bonds [Member]
Disclosure of detailed information about financial instruments [Line Items]
Investment in debt securities and other long-term investments	440	400
BDO Asean Bonds [Member]
Disclosure of detailed information about financial instruments [Line Items]
Investment in debt securities and other long-term investments	100
Fixed Rate Treasury Notes, or FXTN [Member]
Disclosure of detailed information about financial instruments [Line Items]
Investment in debt securities and other long-term investments	₱ 56
Two Year Time Deposit [Member]
Disclosure of detailed information about financial instruments [Line Items]
Investment in debt securities and other long-term investments		₱ 207

Debt Instruments at Amortized_4

Debt Instruments at Amortized Cost - Additional Information (Detail) $ in Thousands

1 Months Ended

12 Months Ended

Sep. 29, 2022 PHP (₱)

Jul. 07, 2022 PHP (₱)

Jun. 16, 2022 PHP (₱)

Jun. 03, 2022 PHP (₱)

Mar. 04, 2022 PHP (₱)

Jan. 28, 2022 PHP (₱)

Dec. 02, 2021 PHP (₱)

Mar. 09, 2021 PHP (₱)

Jul. 31, 2020 USD ($)

Jun. 30, 2020 USD ($)

Feb. 28, 2013 PHP (₱)

Dec. 31, 2022 PHP (₱)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 PHP (₱)

Dec. 31, 2021 USD ($)

Dec. 31, 2020 PHP (₱)

Dec. 31, 2020 USD ($)

Disclosure of detailed information about financial instruments [Line Items]

Investment in debt securities and other long-term investments

₱ 596,000,000

₱ 607,000,000

Three-Year Retail Treasury Bond [Member]

Disclosure of detailed information about financial instruments [Line Items]

Purchased retail treasury bond

3 years

Face value of retail treasury bond

₱ 100,000,000

Maturity on face value of retail treasury bond

Mar. 09, 2024

Gross coupon rate

2.375%

Interest income, net of withholding tax

1,900,000

1,500,000

Investment in debt securities and other long-term investments

100,000,000

100,000,000

5.5-Year Retail Treasury Bond [Member]

Disclosure of detailed information about financial instruments [Line Items]

Purchased retail treasury bond

5 years 6 months

Face value of retail treasury bond

₱ 300,000,000

Maturity on face value of retail treasury bond

Jun. 02, 2027

Gross coupon rate

4.625%

Interest income, net of withholding tax

11,100,000

904,000

Investment in debt securities and other long-term investments

300,000,000

300,000,000

5 -Year Retail Treasury Bond [Member]

Disclosure of detailed information about financial instruments [Line Items]

Purchased retail treasury bond

5 years

Face value of retail treasury bond

₱ 40,000,000

Maturity on face value of retail treasury bond

Mar. 04, 2027

Gross coupon rate

4.875%

Interest income, net of withholding tax

1,300,000

Investment in debt securities and other long-term investments

40,000,000

3-Month Retail Treasury Bond [Member]

Disclosure of detailed information about financial instruments [Line Items]

Purchased retail treasury bond

3 months

Face value of retail treasury bond

₱ 5,000,000

Maturity on face value of retail treasury bond

Dec. 04, 2022

Gross coupon rate

4.625%

Interest income, net of withholding tax

59,000

Investment in debt securities and other long-term investments

0

Three-year FXTN 03-27 [Member] | Smart Communications, Inc. [Member]

Disclosure of detailed information about financial instruments [Line Items]

FXTN maturity date

Apr. 07, 2025

Gross coupon rate

4.25%

Interest income, net of withholding tax

760,000

Investment in debt securities and other long-term investments

₱ 25,000,000

25,000,000

Seven-year FXTN 07-67 [Member] | Smart Communications, Inc. [Member]

Disclosure of detailed information about financial instruments [Line Items]

FXTN maturity date

May 19, 2029

Gross coupon rate

6.50%

Interest income, net of withholding tax

361,000

Investment in debt securities and other long-term investments

₱ 10,000,000

10,000,000

Four-year FXTN 07-62 [Member] | Smart Communications, Inc. [Member]

Disclosure of detailed information about financial instruments [Line Items]

FXTN maturity date

Feb. 14, 2026

Gross coupon rate

6.25%

Interest income, net of withholding tax

1,400,000

Investment in debt securities and other long-term investments

₱ 20,000,000

21,000,000

0.90% Two Year Time Deposit [Member] | BDO Unibank, Inc. [Member]

Disclosure of detailed information about financial instruments [Line Items]

Gross coupon rate

0.90%

Interest income, net of withholding tax

3,100,000

$ 63

₱ 1,900,000

$ 39

Investment in debt securities and other long-term investments | $

$ 10,000

Time deposit maturity date

Jun. 29, 2022

Long term fixed rate time deposit interest period

30 days

1.00% Two Year Time Deposit [Member] | BDO Unibank, Inc. [Member]

Disclosure of detailed information about financial instruments [Line Items]

Gross coupon rate

1%

Interest income, net of withholding tax

3,400,000

69

2,100,000

43

Investment in debt securities and other long-term investments | $

$ 10,000

Time deposit maturity date

Jul. 02, 2022

Long term fixed rate time deposit interest period

30 days

2.00% Two Year Time Deposit [Member] | BDO Unibank, Inc. [Member]

Disclosure of detailed information about financial instruments [Line Items]

Gross coupon rate

2%

Interest income, net of withholding tax

2,400,000

$ 40

3,500,000

$ 68

1,400,000

$ 30

Investment in debt securities and other long-term investments

$ 2,000

0

₱ 207,000,000

Long term fixed rate time deposit interest period

360 days

2.00% Two Year Time Deposit [Member] | BDO Unibank, Inc. [Member] | Minimum [Member]

Disclosure of detailed information about financial instruments [Line Items]

Time deposit maturity date

Jul. 29, 2022

2.00% Two Year Time Deposit [Member] | BDO Unibank, Inc. [Member] | Maximum [Member]

Disclosure of detailed information about financial instruments [Line Items]

Time deposit maturity date

Aug. 01, 2022

Seven Year GT Capital Bond [Member] | Smart Communications, Inc. [Member]

Disclosure of detailed information about financial instruments [Line Items]

Gross coupon rate

4.84%

Interest income, net of withholding tax

₱ 1,000,000

Investment in debt securities and other long-term investments

₱ 150,000,000

Time deposit maturity date

Feb. 27, 2020

Two-Year BDO ASEAN Sustainable Bond [Member] | Smart Communications, Inc. [Member] | Entering Into Significant Liabilities [Member]

Disclosure of detailed information about financial instruments [Line Items]

Gross coupon rate

2.90%

Interest income, net of withholding tax

2,100,000

Investment in debt securities and other long-term investments

₱ 100,000,000

₱ 100,000,000

Time deposit maturity date

Jan. 28, 2024

Investment Properties - Summary

Investment Properties - Summary of Changes in Investment Properties (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Investment Property [Line Items]
Balances at beginning of the year	₱ 929	₱ 895
Net gains (losses) from fair value adjustments charged to profit or loss	97	34
Disposals during the period	(11)
Balances at end of the year	1,015	929
Land [Member]
Disclosure Of Investment Property [Line Items]
Balances at beginning of the year	771	728
Net gains (losses) from fair value adjustments charged to profit or loss	96	43
Transfers from (to) property and equipment	2
Disposals during the period	(11)
Balances at end of the year	858	771
Land Improvements [Member]
Disclosure Of Investment Property [Line Items]
Balances at beginning of the year	3	4
Net gains (losses) from fair value adjustments charged to profit or loss	(1)	(1)
Balances at end of the year	2	3
Building [Member]
Disclosure Of Investment Property [Line Items]
Balances at beginning of the year	155	163
Net gains (losses) from fair value adjustments charged to profit or loss	2	(8)
Transfers from (to) property and equipment	(2)
Balances at end of the year	₱ 155	₱ 155

Investment Properties - Additio

Investment Properties - Additional Information (Detail) - PHP (₱)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Investment Property [Line Items]
Repairs and maintenance expenses related to investment properties that do not generate rental income	₱ 93,000,000	₱ 78,000,000	₱ 70,000,000
Rental income relating to investment properties	51,000,000	48,000,000	₱ 51,000,000
Transfers into of Level 3 of fair value hierarchy, investment properties	0	0
Transfers out of Level 3 of fair value hierarchy, investment properties	0	₱ 0
Investment Property [Member]
Disclosure Of Investment Property [Line Items]
Transfers into of Level 2 of fair value hierarchy, investment properties	0
Transfers out of Level 2 of fair value hierarchy, investment properties	0
Transfers into of Level 3 of fair value hierarchy, investment properties	0
Transfers out of Level 3 of fair value hierarchy, investment properties	0
Market Approach Using Price Per Square Meter [Member] | Bottom of range [member]
Disclosure Of Investment Property [Line Items]
Valuation for land, price per square meter	50,000
Market Approach Using Price Per Square Meter [Member] | Top of range [member]
Disclosure Of Investment Property [Line Items]
Valuation for land, price per square meter	₱ 36,000

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Summary of Changes in Goodwill and Intangible Assets (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	₱ 62,535
Amortization during the year	(228)	₱ (2,822)	₱ (2,496)
Ending balance	64,549	62,535
Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	76,396	76,368
Additions during the year	2,306	28
Disposals	(3)
Ending balance	78,699	76,396	76,368
Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	(13,861)	(11,039)
Amortization during the year	228	2,822
Business combinations	71
Translation and other adjustments	(10)
Ending balance	(14,150)	(13,861)	(11,039)
Intangible Assets with Finite Life [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	1,156
Ending balance	1,388	1,156
Intangible Assets with Finite Life [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	14,363	14,335
Additions during the year	521	28
Ending balance	14,884	14,363	14,335
Intangible Assets with Finite Life [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	(13,207)	(10,385)
Amortization during the year	228	2,822
Business combinations	71
Translation and other adjustments	(10)
Ending balance	(13,496)	(13,207)	(10,385)
Intangible assets other than goodwill [member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	1,156
Ending balance	1,608	1,156
Intangible assets other than goodwill [member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	14,363	14,335
Additions during the year	741	28
Ending balance	15,104	14,363	14,335
Intangible assets other than goodwill [member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	(13,207)	(10,385)
Amortization during the year	228	2,822
Business combinations	71
Translation and other adjustments	(10)
Ending balance	(13,496)	(13,207)	(10,385)
Goodwill [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	61,379
Ending balance	62,941	61,379
Goodwill [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	62,033	62,033
Additions during the year	1,565
Disposals	(3)
Ending balance	63,595	62,033	62,033
Goodwill [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	(654)	(654)
Ending balance	(654)	(654)	(654)
Intangible Assets with Indefinite Life [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Ending balance	220
Intangible Assets with Indefinite Life [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Additions during the year	220
Ending balance	220
Intangible Assets with Finite Life [Member] | Trademark [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	4,505	4,505
Ending balance	4,505	4,505	4,505
Intangible Assets with Finite Life [Member] | Trademark [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	(4,505)	(1,877)
Amortization during the year		2,628
Ending balance	(4,505)	(4,505)	(1,877)
Intangible Assets with Finite Life [Member] | Franchise [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	1,124
Ending balance	₱ 938	₱ 1,124
Estimated useful lives (in years)	16 years	16 years
Remaining useful lives (in years)	5 years	6 years
Intangible Assets with Finite Life [Member] | Franchise [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	₱ 3,016	₱ 3,016
Ending balance	3,016	3,016	3,016
Intangible Assets with Finite Life [Member] | Franchise [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	(1,892)	(1,706)
Amortization during the year	186	186
Ending balance	(2,078)	(1,892)	(1,706)
Intangible Assets with Finite Life [Member] | Licenses [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	4
Ending balance		₱ 4
Estimated useful lives (in years)		18 years
Remaining useful lives (in years)		1 year
Intangible Assets with Finite Life [Member] | Licenses [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	135	₱ 135
Ending balance	135	135	135
Intangible Assets with Finite Life [Member] | Licenses [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	(131)	(123)
Amortization during the year	4	8
Ending balance	(135)	(131)	(123)
Intangible Assets with Finite Life [Member] | Customer List [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	4,703	4,703
Ending balance	4,703	4,703	4,703
Intangible Assets with Finite Life [Member] | Customer List [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	(4,703)	(4,703)
Ending balance	(4,703)	(4,703)	(4,703)
Intangible Assets with Finite Life [Member] | Spectrum [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	1,205	1,205
Ending balance	1,205	1,205	1,205
Intangible Assets with Finite Life [Member] | Spectrum [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	(1,205)	(1,205)
Ending balance	(1,205)	(1,205)	(1,205)
Intangible Assets with Finite Life [Member] | Others [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	28
Ending balance	₱ 450	₱ 28
Estimated useful lives (in years)		5 years
Remaining useful lives (in years)		5 years
Intangible Assets with Finite Life [Member] | Others [Member] | Bottom of range [member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Estimated useful lives (in years)	5 years
Remaining useful lives (in years)	4 years
Intangible Assets with Finite Life [Member] | Others [Member] | Top of range [member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Estimated useful lives (in years)	10 years
Remaining useful lives (in years)	9 years
Intangible Assets with Finite Life [Member] | Others [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	₱ 799	₱ 771
Additions during the year	521	28
Ending balance	1,320	799	771
Intangible Assets with Finite Life [Member] | Others [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	(771)	(771)
Amortization during the year	38
Business combinations	71
Translation and other adjustments	(10)
Ending balance	₱ (870)	₱ (771)	₱ (771)

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Consolidated Goodwill and Intangible Assets of Reportable Segments (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	₱ 1,608	₱ 1,156
Goodwill	62,941	61,379
Total goodwill and intangible assets	64,549	62,535
Franchise [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	938	1,124
Customer List [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	220
Licenses [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets		4
Others [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	450	28
Wireless [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	938	1,128
Goodwill	56,571	56,571
Total goodwill and intangible assets	57,509	57,699
Wireless [Member] | Franchise [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	938	1,124
Wireless [Member] | Licenses [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets		4
Fixed Line [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	670	28
Goodwill	6,370	4,808
Total goodwill and intangible assets	7,040	4,836
Fixed Line [Member] | Customer List [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	220
Fixed Line [Member] | Others [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	₱ 450	₱ 28

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Summary of Future Amortization of Intangible Assets (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Future Amortization Of Intangible Assets [Line Items]
Future amortization of intangible assets	₱ 228	₱ 2,822	₱ 2,496
Future amortization of intangible assets	1,008
2023 [Member]
Disclosure Of Future Amortization Of Intangible Assets [Line Items]
Future amortization of intangible assets	48
2024 [Member]
Disclosure Of Future Amortization Of Intangible Assets [Line Items]
Future amortization of intangible assets	192
2025 [Member]
Disclosure Of Future Amortization Of Intangible Assets [Line Items]
Future amortization of intangible assets	192
2026 [Member]
Disclosure Of Future Amortization Of Intangible Assets [Line Items]
Future amortization of intangible assets	191
2027 and onwards [Member]
Disclosure Of Future Amortization Of Intangible Assets [Line Items]
Future amortization of intangible assets	₱ 385

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Additional Information (Detail) - PHP (₱)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Intangible Assets [Line Items]
Amortization during the year	₱ 228,000,000	₱ 2,822,000,000	₱ 2,496,000,000
Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Intangible Assets [Line Items]
Amortization during the year	(228,000,000)	(2,822,000,000)
Accumulated depreciation, impairment and amortization [Member] | Digital Telecommunications Phils., Inc. [Member]
Disclosure Of Intangible Assets [Line Items]
Accumulated impairment balance	₱ 438,000,000
Accumulated depreciation, impairment and amortization [Member] | ABM Global Solutions, Inc. and Subsidiaries [Member]
Disclosure Of Intangible Assets [Line Items]
Accumulated impairment balance		216,000,000
Wireless [Member]
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rates applied to cash flow projections	7.38%
Growth rate of cash flows beyond the projection of three years	2%
Impairment loss relating to goodwill	₱ 0	0
Fixed Line [Member]
Disclosure Of Intangible Assets [Line Items]
Pre-tax discount rates applied to cash flow projections	7.38%
Growth rate of cash flows beyond the projection of three years	2%
Impairment loss relating to goodwill	₱ 0	0
Sun Trademark [Member]
Disclosure Of Intangible Assets [Line Items]
Amortization during the year		₱ 2,628,000,000	₱ 1,877,000,000

Cash and Cash Equivalents - Sum

Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash and cash equivalents [abstract]
Cash on hand and in banks (Note 28)	₱ 16,533	₱ 10,616
Temporary cash investments (Note 28)	8,678	13,291
Cash and cash equivalents	₱ 25,211	₱ 23,907	₱ 40,237	₱ 24,369

Cash and Cash Equivalents - Add

Cash and Cash Equivalents - Additional Information (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and cash equivalents [abstract]
Interest income on cash and cash equivalents (Note 16)	₱ 255	₱ 269	₱ 560

Trade and Other Receivables - S

Trade and Other Receivables - Summary of Trade and Other Receivables (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	₱ 26,255	₱ 21,790
Costs [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	39,916	35,625
Costs [Member] | Retail subscribers [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	17,216	15,676
Costs [Member] | Corporate subscribers [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	15,151	13,079
Costs [Member] | Foreign administrations [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	1,058	1,341
Costs [Member] | Domestic carriers [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	296	241
Costs [Member] | Dealers agents and others [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	6,195	5,288
Accumulated provision for expected credit losses [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	₱ 13,661	₱ 13,835

Trade and Other Receivables - A

Trade and Other Receivables - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022
Bottom of range [member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivable settlement terms	30 days
Top of range [member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivable settlement terms	180 days

Trade and Other Receivables -_2

Trade and Other Receivables - Summary of Changes in the Allowance for Expected Credit Losses (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	₱ 14,621
Balances at end of the year	14,425	₱ 14,621
Trade and Other Receivables [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	13,835	16,251
Provisions and other adjustments	5,156	3,737
Reclassifications and reversals	501	7
Write-offs	(5,896)	(6,183)
Translation adjustments	65	23
Balances at end of the year	13,661	13,835
Trade and Other Receivables [Member] | Stage 2 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	3,038	3,960
Provisions and other adjustments	1,213	(898)
Reclassifications and reversals	(56)	(6)
Write-offs		(35)
Translation adjustments	41	17
Balances at end of the year	4,236	3,038
Trade and Other Receivables [Member] | Stage 3 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	10,797	12,291
Provisions and other adjustments	3,943	4,635
Reclassifications and reversals	557	13
Write-offs	(5,896)	(6,148)
Translation adjustments	24	6
Balances at end of the year	9,425	10,797
Trade and Other Receivables [Member] | Retail subscribers [Member] | Stage 2 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	1,573	2,433
Provisions and other adjustments	782	(820)
Reclassifications and reversals	(489)	(5)
Write-offs		(35)
Balances at end of the year	1,866	1,573
Trade and Other Receivables [Member] | Retail subscribers [Member] | Stage 3 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	6,466	7,557
Provisions and other adjustments	3,420	3,516
Reclassifications and reversals	578	86
Write-offs	(5,441)	(4,693)
Balances at end of the year	5,023	6,466
Trade and Other Receivables [Member] | Corporate subscribers [Member] | Stage 2 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	1,378	1,380
Provisions and other adjustments	427	(18)
Reclassifications and reversals	(129)	(1)
Translation adjustments	41	17
Balances at end of the year	1,717	1,378
Trade and Other Receivables [Member] | Corporate subscribers [Member] | Stage 3 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	3,330	3,478
Provisions and other adjustments	489	1,045
Reclassifications and reversals	(27)	(31)
Write-offs	(434)	(1,168)
Translation adjustments	24	6
Balances at end of the year	3,382	3,330
Trade and Other Receivables [Member] | Foreign administrations [Member] | Stage 2 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year		9
Provisions and other adjustments	1	(9)
Balances at end of the year	1
Trade and Other Receivables [Member] | Foreign administrations [Member] | Stage 3 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	121	227
Provisions and other adjustments	33	4
Reclassifications and reversals		(12)
Write-offs	(21)	(98)
Balances at end of the year	133	121
Trade and Other Receivables [Member] | Domestic carriers [Member] | Stage 2 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year		3
Provisions and other adjustments		(3)
Trade and Other Receivables [Member] | Domestic carriers [Member] | Stage 3 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	14	58
Provisions and other adjustments	(13)	8
Write-offs		(52)
Balances at end of the year	1	14
Trade and Other Receivables [Member] | Dealers agents and others [Member] | Stage 2 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	87	135
Provisions and other adjustments	3	(48)
Reclassifications and reversals	562
Balances at end of the year	652	87
Trade and Other Receivables [Member] | Dealers agents and others [Member] | Stage 3 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	866	971
Provisions and other adjustments	14	62
Reclassifications and reversals	6	(30)
Write-offs		(137)
Balances at end of the year	₱ 886	₱ 866

Inventories and Supplies - Summ

Inventories and Supplies - Summary of Inventories and Supplies (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Inventories And Supplies [Line Items]
Inventories and supplies	₱ 3,568	₱ 3,662
Total inventories and supplies at the lower of cost or net realizable value	3,568	3,662
Commercial [Member]
Disclosure Of Inventories And Supplies [Line Items]
Inventories net realizable value	2,110	2,109
Inventories and supplies	2,455	2,835
Network [Member]
Disclosure Of Inventories And Supplies [Line Items]
Inventories net realizable value	577	515
Inventories and supplies	1,727	1,702
Others [Member]
Disclosure Of Inventories And Supplies [Line Items]
Inventories net realizable value	881	1,038
Inventories and supplies	₱ 1,604	₱ 1,813

Inventories and Supplies - Su_2

Inventories and Supplies - Summary of Cost of Inventories and Supplies Recognized as Expense (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Classes of current inventories [abstract]
Cost of sales	₱ 11,287	₱ 7,375	₱ 8,882
Repairs and maintenance	986	850	613
Inventories and supplies (Note 18)	414	847	934
Selling and promotions	4	9	3
Inventories and supplies recognized as expense	₱ 12,691	₱ 9,081	₱ 10,432

Inventories and Supplies - Su_3

Inventories and Supplies - Summary of Changes in Allowance for Inventory Obsolescence and Write-down (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Classes of current inventories [abstract]
Balances at beginning of the year	₱ 2,688	₱ 2,363
Provisions (Note 5)	414	847	₱ 934
Reclassification	282	(73)
Translation revaluation	2	2
Reversals	(136)	(11)
Cost of sales	(1,032)	(440)
Balances at end of the year	₱ 2,218	₱ 2,688	₱ 2,363

Prepayments - Summary of Prepay

Prepayments - Summary of Prepayments (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Statement of financial position [abstract]
Advances to suppliers and contractors	₱ 69,326	₱ 82,749
Prepaid taxes	14,911	15,652
Prepaid fees and licenses	1,983	1,631
Prepaid benefit costs (Note 26)	1,598	1,018
Prepaid repairs and maintenance	542	531
Prepaid rent	528	574
Prepaid insurance (Note 25)	120	163
Other prepayments	6,741	5,166
Prepayments	95,749	107,484
Current portion of prepayments (Notes 19 and 25)	14,696	12,707
Prepayments - net of current portion (Notes 19, 25 and 26)	₱ 81,053	₱ 94,777

Prepayments - Additional Inform

Prepayments - Additional Information (Details) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Statement of financial position [abstract]
Capitalized commission	₱ 6,286	₱ 4,859

Equity - Summary of Number of S

Equity - Summary of Number of Shares of Subscribed and Outstanding Capital Stock (Detail) - shares shares in Millions		Dec. 31, 2022	Dec. 31, 2021	Jun. 05, 2012
Non-voting Serial Preferred Stock [Member]
Disclosure Of Classes Of Share Capital [Line Items]
Authorized		388	388	807.5
Subscribed	[1]	300	300
Outstanding	[1]	300	300
Voting Preferred Stock [Member]
Disclosure Of Classes Of Share Capital [Line Items]
Authorized		150	150	150
Subscribed		150	150
Outstanding		150	150
Common Stock [Member]
Disclosure Of Classes Of Share Capital [Line Items]
Authorized		234	234
Subscribed		219	219
Outstanding		216	216
Treasury Stock [Member]
Disclosure Of Classes Of Share Capital [Line Items]
Outstanding		3	3
[1] 300 million shares of Series IV Cumulative Non-Convertible Redeemable Preferred Stock subscribed for Php 3 billion, of which 360 million has been paid.

Equity - Summary of Number of_2

Equity - Summary of Number of Shares of Subscribed and Outstanding Capital Stock (Parenthetical) (Detail) - Series IV Cumulative Non-Convertible Redeemable Preferred Stock [Member] ₱ in Millions, shares in Millions	Dec. 31, 2022 PHP (₱) shares
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares issued | shares	300
Initial capitalization amount	₱ 3,000
Number of shares issued, paid	₱ 360

Equity - Additional Information

Equity - Additional Information (Detail) - PHP (₱) ₱ / shares in Units, ₱ in Thousands

1 Months Ended

12 Months Ended

Sep. 19, 2022

Jan. 28, 2020

Jan. 26, 2016

Jun. 08, 2015

Jan. 28, 2014

Nov. 05, 2013

Jan. 29, 2013

Oct. 12, 2012

Jun. 05, 2012

May 08, 2012

Sep. 23, 2011

Nov. 30, 2010

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2017

Jan. 20, 2022

Jan. 18, 2022

Sep. 19, 2019

Mar. 18, 2017

Mar. 06, 2017

Mar. 03, 2017

Oct. 16, 2012

Disclosure Of Classes Of Share Capital [Line Items]

Payments on redemption of preferred shares

₱ 3,000

₱ 7,000

₱ 2,000

Liability from redemption of preferred shares

7,842,000

Number of shares approved to buyback in share buyback program

5,000,000

Percentage of ownership interest approved to buyback in share buyback program

3%

Number of shares buyback pursuant to share buyback Program

2,720,000

Weighted average price per share pursuant to share buyback program

₱ 2,388

Total consideration pursuant to share buyback program

₱ 6,505,000

Distributions paid

₱ 25,396,000

17,860,000

₱ 16,785,000

Consolidated unappropriated retained earnings available for dividends

18,799,000

34,243,000

Parent Company’s unappropriated retained earnings

25,009,000

37,249,000

Effect of IAS 27, Consolidated and Separate Financial Statements, adjustments

6,210,000

3,006,000

Perpetual notes facility agreement [Member] | Smart [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Perpetual notes issued

₱ 4,700,000

₱ 1,100,000

₱ 1,590,000

₱ 2,610,000

Perpetual notes facility agreement [Member] | Smart [Member] | Notes Facility Agreement March 2017 [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Transaction costs accounted as deduction

35,000

Distributions paid

236,000

236,000

Perpetual notes facility agreement [Member] | Smart [Member] | Notes Facility Agreement July 2017 [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Transaction costs accounted as deduction

₱ 5,000

Distributions paid

14,000

57,000

Perpetual notes facility agreement [Member] | Smart [Member] | Notes Facility Agreement 2019 [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Transaction costs accounted as deduction

35,000

Distributions paid

258,000

281,000

Partial redemption

₱ 1,500,000

Optional redemption price, percentage of principal amount

101.20%

Events After Reporting Period [member] | Perpetual notes facility agreement [Member] | Smart [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Perpetual notes redeemed

₱ 1,100,000

Accrued expenses and other current liabilities [member]

Disclosure Of Classes Of Share Capital [Line Items]

Liability from redemption of preferred shares

367

7,842,000

Financial assets at fair value through other comprehensive income (Notes 6, 11 and 25)

₱ 986,000

₱ 986,000

Beneficial Trust Fund Holdings Inc. [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Number of shares issued

150,000,000

NTT Group [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Percentage of economic and voting interest held by strategic partner

12%

First Pacific Group and Philippine Affiliates [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Percentage of economic and voting interest held by strategic partner

15%

JG Summit Group [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Percentage of economic and voting interest held by strategic partner

7%

Series JJ 10% Cumulative Convertible Preferred Stock [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Redemption and Retirement of Shares

0

0

Cumulative dividends annual rate

10%

10%

10%

10%

Number of shares authorized

50,000

Number of shares issued

870

Period required for redemption of shares after issuance

5 years

Series KK 10% Cumulative Convertible Preferred Stock [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Cumulative dividends annual rate

10%

10%

Number of shares authorized

20,000

Conversion price equivalent percentage

10%

Par value

₱ 10

Period required for redemption of shares after issuance

5 years

Series IV Cumulative Non-Convertible Redeemable Preferred Stock [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Cumulative dividends annual rate

13.50%

Number of shares issued

300,000,000

Initial capitalization amount

₱ 3,000,000

Voting Preferred Stock [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Cumulative dividends annual rate

6.50%

Number of shares authorized

150,000,000

150,000,000

150,000,000

Number of shares issued

150,000,000

150,000,000

Par value

₱ 1

Minimum capital stock percentage required to own by citizens of Philippines

60%

Minimum percentage of number of board of directors to be citizens of Philippines

60%

Minimum percentage of funds to accrue to the benefit of citizens of the Philippines, or Qualified Owners

60%

Initial capitalization amount

₱ 150,000

₱ 150,000

Voting Preferred Stock [Member] | Beneficial Trust Fund Holdings Inc. [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Number of shares issued

150,000,000

Par value

₱ 1

Initial capitalization amount

₱ 150,000

Voting Preferred Stock [Member] | NTT Group [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Percentage of economic and voting interest held by strategic partner

12%

Voting Preferred Stock [Member] | First Pacific Group and Philippine Affiliates [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Percentage of economic and voting interest held by strategic partner

15%

Voting Preferred Stock [Member] | JG Summit Group [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Percentage of economic and voting interest held by strategic partner

7%

Non-voting Serial Preferred Stock [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Number of shares authorized

807,500,000

388,000,000

388,000,000

Number of shares issued

[1]

300,000,000

300,000,000

Par value

₱ 10

Initial capitalization amount

₱ 360,000

₱ 360,000

Series A to FF 10% Cumulative Convertible Preferred Stock [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Cumulative dividends annual rate

10%

Funds set aside for redemption of shares

₱ 4,029,000

Amount of unclaimed dividends

4,143,000

Total funds for redemption of shares

₱ 8,172,000

Holding period for redemption trust fund

10 years

Series G G Ten Percent Cumulative Convertible Preferred Stock

Disclosure Of Classes Of Share Capital [Line Items]

Cumulative dividends annual rate

10%

Funds set aside for redemption of shares

₱ 236

Amount of unclaimed dividends

74

Total funds for redemption of shares

₱ 310

Holding period for redemption trust fund

10 years

Series of HH 10% Cumulative Convertible Preferred Stock [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Cumulative dividends annual rate

10%

10%

Funds set aside for redemption of shares

₱ 2

₱ 24

Amount of unclaimed dividends

1

6

Total funds for redemption of shares

₱ 3

₱ 30

Holding period for redemption trust fund

10 years

10 years

Series II 10% Percent Cumulative Convertible Preferred Stock [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Cumulative dividends annual rate

10%

Funds set aside for redemption of shares

₱ 4

Holding period for redemption trust fund

10 years

Series A to FF Cumulative Convertible Preferred Stock [member] | Events After Reporting Period [member]

Disclosure Of Classes Of Share Capital [Line Items]

Liability from redemption of preferred shares

₱ 7,839,000

[1] 300 million shares of Series IV Cumulative Non-Convertible Redeemable Preferred Stock subscribed for Php 3 billion, of which 360 million has been paid.

Equity - Summary of Dividends D

Equity - Summary of Dividends Declared (Detail) - PHP (₱) ₱ / shares in Units, ₱ in Millions

3 Months Ended

12 Months Ended

36 Months Ended

Sep. 30, 2023

Jun. 30, 2023

Mar. 31, 2023

Dec. 31, 2022

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Dec. 31, 2021

Sep. 30, 2021

Jun. 30, 2021

Mar. 31, 2021

Dec. 31, 2020

Sep. 30, 2020

Jun. 30, 2020

Mar. 31, 2020

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Jun. 30, 2023

Disclosure Of Dividends [Line Items]

Total Amount

₱ 25,338

₱ 17,776

₱ 16,695

Events After Reporting Period [member]

Disclosure Of Dividends [Line Items]

Total Amount

₱ 12,747

₱ 12,761

Series IV Cumulative Non-Convertible Redeemable Preferred Stock [Member]

Disclosure Of Dividends [Line Items]

Approved Date

Nov. 03, 2022

Aug. 04, 2022

May 05, 2022

Jan. 25, 2022

Nov. 04, 2021

Aug. 05, 2021

May 06, 2021

Jan. 26, 2021

Nov. 05, 2020

Aug. 06, 2020

May 07, 2020

Jan. 28, 2020

Record Date

Nov. 18, 2022

Aug. 19, 2022

May 20, 2022

Feb. 21, 2022

Nov. 19, 2021

Aug. 20, 2021

May 21, 2021

Feb. 22, 2021

Nov. 19, 2020

Aug. 20, 2020

May 21, 2020

Feb. 24, 2020

Payable Date

Dec. 15, 2022

Sep. 15, 2022

Jun. 15, 2022

Mar. 15, 2022

Dec. 15, 2021

Sep. 15, 2021

Jun. 15, 2021

Mar. 15, 2021

Dec. 15, 2020

Sep. 15, 2020

Jun. 15, 2020

Mar. 15, 2020

Total Amount

₱ 12

₱ 12

₱ 13

₱ 12

₱ 12

₱ 12

₱ 13

₱ 12

₱ 12

₱ 12

₱ 13

₱ 12

49

49

49

Series IV Cumulative Non-Convertible Redeemable Preferred Stock [Member] | Events After Reporting Period [member]

Disclosure Of Dividends [Line Items]

Approved Date

Jan. 31, 2023

Record Date

Feb. 27, 2023

Payable Date

Mar. 15, 2023

Total Amount

₱ 12

Voting Preferred Stock [Member]

Disclosure Of Dividends [Line Items]

Approved Date

Dec. 15, 2022

Aug. 24, 2022

Jun. 14, 2022

Mar. 03, 2022

Dec. 07, 2021

Aug. 26, 2021

Jun. 08, 2021

Mar. 04, 2021

Dec. 03, 2020

Sep. 29, 2020

Jun. 09, 2020

Mar. 05, 2020

Record Date

Dec. 29, 2022

Sep. 15, 2022

Jun. 30, 2022

Mar. 23, 2022

Dec. 23, 2021

Sep. 13, 2021

Jun. 24, 2021

Mar. 24, 2021

Dec. 18, 2020

Oct. 13, 2020

Jun. 24, 2020

Mar. 25, 2020

Payable Date

Jan. 15, 2023

Oct. 15, 2022

Jul. 15, 2022

Apr. 15, 2022

Jan. 15, 2022

Oct. 15, 2021

Jul. 15, 2021

Apr. 15, 2021

Jan. 15, 2021

Oct. 15, 2020

Jul. 15, 2020

Apr. 15, 2020

Total Amount

₱ 3

₱ 3

₱ 2

₱ 2

₱ 3

₱ 2

₱ 2

₱ 3

₱ 3

₱ 2

₱ 2

₱ 3

10

10

10

Voting Preferred Stock [Member] | Events After Reporting Period [member]

Disclosure Of Dividends [Line Items]

Approved Date

Mar. 02, 2023

Record Date

Mar. 17, 2023

Payable Date

Apr. 15, 2023

Total Amount

₱ 2

Common Stock [Member]

Disclosure Of Dividends [Line Items]

Approved Date

Aug. 04, 2022

Aug. 04, 2022

Mar. 03, 2022

Aug. 05, 2021

Mar. 04, 2021

Aug. 06, 2020

Mar. 05, 2020

Record Date

Aug. 18, 2022

Aug. 18, 2022

Mar. 17, 2022

Aug. 19, 2021

Mar. 18, 2021

Aug. 20, 2020

Mar. 19, 2020

Payable Date

Sep. 05, 2022

Sep. 05, 2022

Apr. 04, 2022

Sep. 03, 2021

Apr. 06, 2021

Sep. 04, 2020

Apr. 03, 2020

Per Share Amount

₱ 28

₱ 47

₱ 42

₱ 42

₱ 40

₱ 38

₱ 39

Total Amount

₱ 6,049

₱ 10,155

₱ 9,075

₱ 9,075

₱ 8,642

₱ 8,210

₱ 8,426

₱ 25,279

₱ 17,717

₱ 16,636

Common Stock [Member] | Events After Reporting Period [member]

Disclosure Of Dividends [Line Items]

Approved Date

Mar. 23, 2023

Mar. 23, 2023

Record Date

Apr. 11, 2023

Apr. 11, 2023

Payable Date

Apr. 21, 2023

Apr. 21, 2023

Per Share Amount

₱ 14

₱ 45

Total Amount

₱ 3,025

₱ 9,722

Series JJ Cumulative Convertible Preferred Stock [Member]

Disclosure Of Dividends [Line Items]

Approved Date

Apr. 08, 2020

Record Date

Feb. 11, 2020

Payable Date

May 12, 2020

Equity - Summary of Reconciliat

Equity - Summary of Reconciliation of Consolidated Retained Earnings Available for Dividend Declaration (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Adjustments: Unrealized gains in prior years:
Fair value adjustments of investment property resulting to gain	₱ 97	₱ 34
Unrealized foreign exchange gains - net (except those attributable to cash and cash equivalents)	(4,685)	(3,890)	₱ 1,488
Parent Company's unappropriated retained earnings available for dividends	25,009	37,249
Add: Net Income Actually Earned/Realized During the Year [Abstract]
Parent Company’s net income for the year	10,426	26,308	24,225
Less: Cash dividends declared during the year
Preferred stock	59	59	59
Cash dividends	(25,396)	(17,860)	(16,785)
Retained Earnings [Member]
Disclosure Of Retained Earnings Available For Dividend Declaration [Line Items]
Parent Company's unappropriated retained earnings available for dividends		37,249
Adjustments: Unrealized gains in prior years:
Fair value adjustments of investment property resulting to gain	(95)	(1,172)
Unrealized foreign exchange gains - net (except those attributable to cash and cash equivalents)		(2,362)
Fair value adjustments (mark-to-market gains)	(1,473)	(4,211)
Parent Company's unappropriated retained earnings available for dividends	16,163	29,504
Add: Net Income Actually Earned/Realized During the Year [Abstract]
Parent Company’s net income for the year	13,565
Non-Actual Unrealized Income - Net of Tax	11,997
Less: Cash dividends declared during the year
Preferred stock	(59)
Common stock	(25,279)
Cash dividends	₱ (25,338)	₱ (17,776)	₱ (16,695)

Interest-bearing Financial Li_3

Interest-bearing Financial Liabilities - Summary of Interest-bearing Financial Liabilities (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Long-term portion of interest-bearing financial liabilities:
Long-term debt (Notes 28 and 29)	₱ 217,288	₱ 241,075
Current portion of interest-bearing financial liabilities:
Long-term and short-term debt maturing within one year (Notes 28 and 29)	32,292	11,482
Borrowings	₱ 249,580	₱ 252,557

Interest-bearing Financial Li_4

Interest-bearing Financial Liabilities - Additional Information (Detail) ₱ in Millions, $ in Millions

12 Months Ended

Jun. 23, 2020 USD ($)

Dec. 31, 2022 PHP (₱)

Dec. 31, 2021 PHP (₱)

Mar. 31, 2023 PHP (₱)

Nov. 30, 2022 PHP (₱)

Oct. 31, 2022 PHP (₱)

Jul. 31, 2022 PHP (₱)

Apr. 30, 2022 PHP (₱)

Mar. 31, 2022 PHP (₱)

Dec. 31, 2020 PHP (₱)

Jun. 30, 2020 PHP (₱)

May 31, 2020 PHP (₱)

Apr. 30, 2020 PHP (₱)

Mar. 31, 2020 PHP (₱)

Disclosure Of Detailed Information About Borrowings [Line Items]

Unamortized Debt Discount

₱ 2,279

₱ 2,857

₱ 1,262

Short-term debt

₱ 10,000

Percentage of dollar portion of debt

17%

16%

Percentage of unhedged portion of net debt

7%

8%

Percentage of net dollar cash balance of debt

5%

5%

Debt Transaction [Member]

Disclosure Of Detailed Information About Borrowings [Line Items]

Unsecured short term debt

₱ 4,000

₱ 6,000

₱ 4,000

₱ 6,000

Unsecured Short Term Debt [Member]

Disclosure Of Detailed Information About Borrowings [Line Items]

Borrowings, interest rate

2.60%

2.60%

5.75%

5%

U.S. Dollar Global Notes [Member] | Senior Unsecured Fixed-rate Notes With Coupon of 2.50% [Member]

Disclosure Of Detailed Information About Borrowings [Line Items]

Borrowings, interest rate

2.50%

Perpetual notes issued | $

$ 300

Borrowings, maturity

10-year

U.S. Dollar Global Notes [Member] | Senior Unsecured Fixed-rate Notes With Coupon of 3.45% [Member]

Disclosure Of Detailed Information About Borrowings [Line Items]

Borrowings, interest rate

3.45%

Perpetual notes issued | $

$ 300

Borrowings, maturity

30-year

U.S. Dollar Global Notes [Member] | 2031 Notes [Member]

Disclosure Of Detailed Information About Borrowings [Line Items]

Borrowings, maturity

January 23, 2031

U.S. Dollar Global Notes [Member] | 2050 Notes [Member]

Disclosure Of Detailed Information About Borrowings [Line Items]

Borrowings, maturity

June 23, 2050

Smart Inc [Member]

Disclosure Of Detailed Information About Borrowings [Line Items]

Prepaid outstanding short-term debt

₱ 4,000

₱ 4,000

Smart Inc [Member] | Debt Transaction [Member]

Disclosure Of Detailed Information About Borrowings [Line Items]

Unsecured short term debt

₱ 2,000

Smart Inc [Member] | Unsecured Short Term Debt [Member]

Disclosure Of Detailed Information About Borrowings [Line Items]

Borrowings, interest rate

5.16%

PLDT [Member]

Disclosure Of Detailed Information About Borrowings [Line Items]

Prepaid outstanding short-term debt

₱ 2,000

₱ 3,000

Prepaid remaining short-term debt

₱ 3,000

PLDT [Member] | Debt Transaction [Member]

Disclosure Of Detailed Information About Borrowings [Line Items]

Unsecured short term debt

₱ 4,000

Short-term debt

₱ 3,000

PLDT [Member] | Unsecured Short Term Debt [Member]

Disclosure Of Detailed Information About Borrowings [Line Items]

Borrowings, interest rate

5.16%

Interest-bearing Financial Li_5

Interest-bearing Financial Liabilities - Summary of Changes to Unamortized Debt Discount (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about borrowings [abstract]
Unamortized debt discount at beginning of the year	₱ 2,857	₱ 1,262
Revaluations during the year	20	13
Additions during the year	(243)	1,768
Accretion during the year included as part of financing costs – net (Note 5)	(355)	(186)
Unamortized debt discount at end of the year	₱ 2,279	₱ 2,857

Interest-bearing Financial Li_6

Interest-bearing Financial Liabilities - Summary of Long-term Debt (Detail) ₱ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 PHP (₱)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 PHP (₱)	Dec. 31, 2021 USD ($)
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Notes 28 and 29)	₱ 249,580		₱ 252,557
Total long-term debt (Notes 28 and 29)	239,580		252,557
Less portion maturing within one year (Note 28)	22,292		11,482
Noncurrent portion of long-term debt (Note 28)	217,288		241,075
U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Notes 28 and 29)	41,894	$ 750	40,439	$ 793
Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Notes 28 and 29)	197,686		212,118
Fixed Rate Notes [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Notes 28 and 29)	₱ 32,892	589	29,971	588
Fixed Rate Notes [Member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Interest Rates, description	2.5000% to 3.4500% in 2022 and 2021
Total long-term debt (Notes 28 and 29)	₱ 32,892	589	29,971	588
Term Loans [Member] | Others [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Notes 28 and 29)	₱ 9,002	161	10,468	205
Term Loans [Member] | Others [Member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Interest Rates, description	2.8850% and US$ LIBOR + 0.7900% to 1.0500% in 2022 and 2021
Total long-term debt (Notes 28 and 29)	₱ 9,002	$ 161	10,468	$ 205
Term Loans [Member] | Unsecured Term Loans [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Notes 28 and 29)	₱ 22,405		26,830
Term Loans [Member] | Unsecured Term Loans [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Interest Rates, description	3.9000% to 5.566%; PHP BVAL + 0.5000% to 0.9000% (floor rate 3.9000% to 4.6250%) and TDF + 0.2500% in 2022and 3.9000% to 6.7339%; PHP BVAL + 0.5000% to 0.9000% (floor rate 3.9000% to 4.5000%) and TDF + 0.2500% in 2021
Total long-term debt (Notes 28 and 29)	₱ 195,090		209,524
Philippine Peso Debts [Member] | Fixed Rate Retail Bonds [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Interest Rates, description	5.2813% in 2022 and 5.2250% to 5.2813% in 2021
Total long-term debt (Notes 28 and 29)	₱ 2,596		₱ 2,594

Interest-bearing Financial Li_7

Interest-bearing Financial Liabilities - Summary of Long-term Debt (Parenthetical) (Detail)	Dec. 31, 2022	Dec. 31, 2021
Fixed Rate Notes [Member] | Bottom of range [member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate	2.50%	2.50%
Fixed Rate Notes [Member] | Top of range [member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate	3.45%	3.45%
Term Loans [Member] | Others [Member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate	2.885%	2.885%
Term Loans [Member] | Unsecured Term Loans [Member] | TDF [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate	0.25%	0.25%
Term Loans [Member] | Bottom of range [member] | Others [Member] | London Interbank Offered Rate [Member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, adjustment to interest rate basis	0.79%	0.79%
Term Loans [Member] | Bottom of range [member] | Unsecured Term Loans [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate	3.90%	3.90%
Term Loans [Member] | Bottom of range [member] | Unsecured Term Loans [Member] | Bangko Sentralng Pilipinas Overnight Rate | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate	0.50%	0.50%
Term Loans [Member] | Bottom of range [member] | Unsecured Term Loans [Member] | Floor Rate [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, adjustment to interest rate basis	3.90%	3.90%
Term Loans [Member] | Top of range [member] | Others [Member] | London Interbank Offered Rate [Member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, adjustment to interest rate basis	1.05%	1.05%
Term Loans [Member] | Top of range [member] | Unsecured Term Loans [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate	5.566%	6.7339%
Term Loans [Member] | Top of range [member] | Unsecured Term Loans [Member] | Bangko Sentralng Pilipinas Overnight Rate | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate	0.90%	0.90%
Term Loans [Member] | Top of range [member] | Unsecured Term Loans [Member] | Floor Rate [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, adjustment to interest rate basis	4.625%	4.50%
Philippine Peso Debts [Member] | Fixed Rate Retail Bonds [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate	5.2813%
Philippine Peso Debts [Member] | Bottom of range [member] | Fixed Rate Retail Bonds [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate		5.225%
Philippine Peso Debts [Member] | Top of range [member] | Fixed Rate Retail Bonds [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate		5.2813%

Interest-bearing Financial Li_8

Interest-bearing Financial Liabilities - Summary of Scheduled Maturities of Consolidated Outstanding Long-term and Short-term Debt at Nominal Values (Detail) - Dec. 31, 2022 ₱ in Millions, $ in Millions	USD ($)	PHP (₱)
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		₱ 251,859
U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	$ 762	42,531
Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		209,328
Less than 1 year [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		32,645
Less than 1 year [Member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	39	2,177
Less than 1 year [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		30,468
1-2 years [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		11,642
1-2 years [Member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	39	2,177
1-2 years [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		9,465
2025
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		22,801
2025 | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	14	781
2025 | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		22,020
2026
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		14,986
2026 | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	14	781
2026 | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		14,205
2027
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		26,607
2027 | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	14	782
2027 | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		25,825
Later than five years [member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		143,178
Later than five years [member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	$ 642	35,833
Later than five years [member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)		₱ 107,345

Interest Bearing Financial Liab

Interest Bearing Financial Liabilities - Summary of Obtained Loans Extended And/Or Guaranteed by Export Credit Agencies (Detail) ₱ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 PHP (₱)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 PHP (₱)	Dec. 31, 2021 USD ($)
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	₱ 249,580		₱ 252,557
Loan Agreement Date January 22, 2014 [Member] | Fixed Rate Retail Bonds [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 15,000
Issuance Date	January 22, 2014
Outstanding Amounts	₱ 2,596		2,594
Dates Drawn	February 6, 2014
Facility Agent	Philippine DepositaryTrust Corp.
Prepayments Amount	₱ 12,400
Prepayments Date	February 8, 2021
Terms	Php12.4B – non-amortizing, payable in full upon maturity on February 6, 2021; Php2.6B – non-amortizing payable in full on February 6, 2024
Fixed Rate Notes [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	₱ 32,892	$ 589	29,971	$ 588
Fixed Rate Notes [Member] | June 23, 2020 [Member] | PLDT [Member] | Maturity on January 23, 2031 [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		300
Issuance Date	June 23, 2020
Trustee	The Bank of New York Mellon, London Branch
Outstanding Amounts	₱ 16,490	295	15,017	295
Terms	Non-amortizing, payable in full upon maturity on January 23, 2031
Fixed Rate Notes [Member] | June 23, 2020 [Member] | PLDT [Member] | Maturity on June 23, 2050 [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		300
Issuance Date	June 23, 2020
Trustee	The Bank of New York Mellon, London Branch
Outstanding Amounts	₱ 16,402	294	14,954	293
Terms	Non-amortizing, payable in full upon maturity on June 23, 2050
Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	₱ 18,277		13,426
Term Loans [Member] | Others [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	9,002	161	10,468	205
Term Loans [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	10,631		16,055
Term Loans [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	22,405		26,830
Term Loans [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	22,162		28,256
Term Loans [Member] | Other seven [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	9,190		9,236
Term Loans [Member] | Others Eight [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	21,370		22,707
Term Loans [Member] | Others Nine [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	21,912		22,783
Term Loans [Member] | Others Ten [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	20,345		21,002
Term Loans [Member] | Others Eleven [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	19,685		19,874
Term Loans [Member] | Others Twelve [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	17,809		17,876
Term Loans [Member] | Others Thirteen [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	195,090		209,524
Term Loans [Member] | Loan agreement date August 3, 2015 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	August 3, 2015
Outstanding Amounts	₱ 4,650		4,700
Lender(s)	Metrobank
Dates Drawn	Various dates in2015
Drawn	₱ 5,000
Installments	Annual amortization rate of 1% on the first-year up to the ninth-year from initial drawdown date and the balance payable upon maturity on September 23, 2025
Term Loans [Member] | Loan agreement date January 31, 2017 [Member] | PLDT [Member] | Others [Member] | U S Dollar Debts
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		25
Issuance Date	January 31, 2017
Outstanding Amounts	₱ 1,393	25	1,271	25
Lender(s)	NTT TC Leasing
Dates Drawn	March 30, 2017
Drawn | $		25
Terms	Non-amortizing, payable upon maturity on March 27, 2024
Term Loans [Member] | Loan agreement date February 26, 2015 [Member] | PLDT [Member] | Others [Member] | U S Dollar Debts
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		200
Term Loans [Member] | Loan agreement date February 26, 2015 [Member] | PLDT [Member] | Others [Member] | U S Dollar Debts | Tranche A [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		150
Issuance Date	February 26, 2015
Outstanding Amounts			764	15
Lender(s)	MUFG Bank,Ltd.
Dates Drawn	Various datesin 2015
Drawn | $		200
Dates Drawn	February 24,2022
Terms	Commencing 36 months after loan date, with semi-annual amortization of 23.75% of the loan amount on the first and second repayment dates and seven semi-annualamortizations of 7.5% starting on the third repaymentdate, with final installment on February 25, 2022
Term Loans [Member] | Loan agreement date February 26, 2015 [Member] | PLDT [Member] | Others [Member] | U S Dollar Debts | Tranche B [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		50
Term Loans [Member] | Loan agreement date December 7, 2015 [Member] | Smart Inc [Member] | Others [Member] | U S Dollar Debts
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		100
Issuance Date	December 7, 2015
Outstanding Amounts			781	15
Lender(s)	Mizuho BankLtd.
Dates Drawn	Various datesin 2016
Drawn | $		100
Dates Drawn	December 7, 2022
Terms	13 equal semi-annual installments commencing on the date which falls 12 months after the loan date, with finalinstallment on December 7, 2022
Term Loans [Member] | Loan agreement date March 22, 2016 [Member] | PLDT [Member] | Others [Member] | U S Dollar Debts
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		25
Issuance Date	March 22, 2016
Outstanding Amounts	₱ 1,395	25	1,272	25
Lender(s)	NTT TC Leasing Co., Ltd., or NTT TC Leasing
Dates Drawn	March 30, 2016
Drawn | $		25
Terms	Non-amortizing, payable upon maturity on March 30, 2023
Term Loans [Member] | Loan agreement date March 4, 2020 [Member] | PLDT [Member] | Others [Member] | U S Dollar Debts
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		140
Issuance Date	March 4, 2020
Outstanding Amounts	₱ 6,214	111	6,380	$ 125
Lender(s)	PNB
Dates Drawn	December 14, 2020
Drawn | $		$ 140
Terms	Quarterly amortization rates equivalent to: (a) 2.5% of the total amount drawn payable on the first interest payment date up to the 28th interest payment date; (b) 5% of the total amount drawn payable on the 29th interest payment date up to the 32nd interest payment date; and (3) 2.5% of the total amount drawn payable on the 37th interest payment date up to maturity on December 13, 2030
Term Loans [Member] | Loan agreement date March 20,2012 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	March 20, 2012
Paid in full on	January 12, 2022
Outstanding Amounts			1,900
Lender(s)	RCBC
Dates Drawn	April 12, 2012
Drawn	₱ 2,000
Terms	Annual amortization rate of 1% on the fifth-year up to the ninth-year from the initial drawdown date and the balance payable upon maturity on April 12, 2022
Term Loans [Member] | Loan agreement date April 2, 2014 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,500
Issuance Date	April 2, 2014
Paid in full on	January 31, 2022
Outstanding Amounts			1,500
Lender(s)	AIA Life
Dates Drawn	April 4, 2014
Drawn	₱ 1,500
Installments	Payable in full upon maturity on April 4, 2024
Term Loans [Member] | Loan agreement date May 23, 2014 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,000
Issuance Date	May 23, 2014
Paid in full on	February 28, 2022
Outstanding Amounts			1,000
Lender(s)	AIA Life
Dates Drawn	May 28, 2014
Drawn	₱ 1,000
Installments	Payable in full upon maturity on May 28, 2024
Term Loans [Member] | Loan agreement date June 9, 2014 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,000
Issuance Date	June 9, 2014
Paid in full on	June 13, 2022
Outstanding Amounts			930
Lender(s)	LBP
Dates Drawn	June 13, 2014
Drawn	₱ 1,000
Installments	Annual amortization rate of 1% on the first-year up to the ninth-year from initial drawdown date and the balance payable upon maturity on June 13, 2024
Term Loans [Member] | Loan agreement date July 28, 2014 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,500
Issuance Date	July 28, 2014
Outstanding Amounts	₱ 1,380		1,395
Lender(s)	Union Bank
Dates Drawn	July 31, 2014
Drawn	₱ 1,500
Installments	Annual amortization rate of 1% on the first-year up to the ninth-year from initial drawdown date and the balance payable upon maturity on July 31, 2024
Term Loans [Member] | Loan agreement date February 25, 2015 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	February 25,2015
Outstanding Amounts	₱ 1,811		1,810
Lender(s)	BPI
Dates Drawn	March 24, 2015
Drawn	₱ 2,000
Installments	Annual amortization rate of 1% on the first-year up to the ninth-year from initial drawdown date and the balance payable upon maturity on March 24, 2025
Term Loans [Member] | Loan agreement date June 26, 2015 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	June 26, 2015
Outstanding Amounts	₱ 2,790		2,820
Lender(s)	BPI
Dates Drawn	June 30, 2015
Drawn	₱ 3,000
Installments	Annual amortization rate of 1% on the first-year up to the ninth-year from initial drawdown date and the balance payable upon maturity on June 30, 2025
Term Loans [Member] | Loan agreement date August 11, 2015 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	August 11, 2015
Outstanding Amounts	₱ 4,642		4,690
Lender(s)	Metrobank
Dates Drawn	September 1, 2015
Drawn	₱ 5,000
Terms	Annual amortization rate of 1% of the principal amount on the first-year up to the ninth-year commencing on the first-year anniversary of the initial drawdown date and the balance payableupon maturity on September 1, 2025
Term Loans [Member] | Loan agreement date December 11, 2015 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	December 11, 2015
Outstanding Amounts	₱ 4,642		4,689
Lender(s)	BPI
Dates Drawn	December 21, 2015
Drawn	₱ 5,000
Terms	Annual amortization rate of 1% of the principal amount on the first-year up to the ninth-year commencing on the first-year anniversary of the initial drawdown date and the balance payable upon maturity on December 21, 2025
Term Loans [Member] | Loan agreement date December 16, 2015 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	December 16, 2015
Outstanding Amounts	₱ 4,641		4,688
Lender(s)	Metrobank
Dates Drawn	December 28, 2015
Drawn	₱ 5,000
Terms	Annual amortization rate of 1% of the principal amount up to the tenth-year commencing on the first-year anniversary of the initial drawdown and the balance payable upon maturity on June 29, 2026
Term Loans [Member] | Loan agreement date December 18, 2015 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 7,000
Issuance Date	December 18, 2015
Paid in full on	June 28, 2022
Outstanding Amounts			4,199
Lender(s)	China Banking Corporation, or CBC
Dates Drawn	December 28,2015 andFebruary 24, 2016
Drawn	₱ 7,000
Terms	Annual amortization rate of 1% of the principal amount on the third-year up to the sixth-year from the initial drawdown date, with balance payable upon maturity on December 28, 2022
Term Loans [Member] | Loan agreement date July 1, 2016 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	July 1, 2016
Outstanding Amounts	₱ 2,843		2,872
Lender(s)	Metrobank
Dates Drawn	February 20, 2017
Drawn	₱ 3,000
Terms	Annual amortization rate of 1% on the first-year up to the ninth-year from initial drawdown date and the balance payable upon maturity on February 22, 2027
Term Loans [Member] | Loan agreement date July 1, 2016 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 6,000
Issuance Date	July 1, 2016
Outstanding Amounts	₱ 5,637		5,692
Lender(s)	Metrobank
Dates Drawn	August 30, 2016 and November 10,2016
Drawn	₱ 6,000
Terms	Annual amortization rate of 1% on the first-year up to the sixth-year from initial drawdown date and the balance payable upon maturity on August 30, 2023
Term Loans [Member] | Loan agreement date July 14, 2016 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 8,000
Issuance Date	July 14, 2016
Outstanding Amounts	₱ 7,182		7,338
Lender(s)	Security Bank
Dates Drawn	February 27, 2017
Drawn	₱ 8,000
Terms	Annual amortization rate of 1% of the total amount drawn payable semi-annually starting from the end of the first-year after the initial drawdown date until the ninth-year and the balance payable on maturity on March 1, 2027
Term Loans [Member] | Loan agreement date September 20, 2016 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 6,500
Issuance Date	September 20, 2016
Outstanding Amounts	₱ 6,105		6,165
Lender(s)	BPI
Dates Drawn	November 2, 2016 andDecember 19,2016
Drawn	₱ 6,500
Terms	Annual amortization rate of 1% on the first- year up to the sixth-year from initial drawdown date and the balance payable upon maturity on November 2, 2023
Term Loans [Member] | Loan agreement date September 28,2016 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	September 28, 2016
Outstanding Amounts	₱ 2,820		2,850
Lender(s)	BDO
Dates Drawn	October 5, 2016
Drawn	₱ 3,000
Terms	Annual amortization rate of 1% of the principal amount on the first-year up to the ninth-year commencing on the first-year anniversary of the initial drawdown date and the balance payable upon maturity on October 5, 2026
Term Loans [Member] | Loan agreement date September 28, 2016 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,400
Issuance Date	September 28, 2016
Outstanding Amounts	₱ 5,074		5,126
Lender(s)	Union Bank
Dates Drawn	October 24,2016 and November 21,2016
Drawn	₱ 5,400
Terms	Annual amortization rate of 1% of the principal amount on the first-year up to the sixth-year commencing on the first-year anniversary of the initial drawdown date and the balance payable upon maturity on October 24, 2023
Term Loans [Member] | Loan agreement date October 14,2016 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,300
Issuance Date	October 14, 2016
Outstanding Amounts	₱ 981		5,027
Lender(s)	BPI
Dates Drawn	December 19, 2016
Drawn	₱ 5,300
Terms	Annual amortization rate of 1% on the first-year up to the sixth-year from initial drawdown date and the balance payable upon maturity on December 19, 2023
Term Loans [Member] | Loan agreement date October 27,2016 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,500
Issuance Date	October 27, 2016
Paid in full on	December 9, 2022
Outstanding Amounts			1,750
Lender(s)	CBC
Dates Drawn	December 8, 2016
Drawn	₱ 2,500
Terms	Annual amortization rate of 10% of the amount drawnstarting on the third-year up to the sixth-year, withbalance payable upon maturity on December 8, 2023
Term Loans [Member] | Loan agreement date October 27,2016 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	₱ 11,304		11,479
Term Loans [Member] | Loan agreement date October 28,2016 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	October 28, 2016
Outstanding Amounts	₱ 1,881		1,899
Lender(s)	Security Bank
Dates Drawn	April 5, 2017
Drawn	₱ 4,000
Terms	Semi-annual amortization rate of 1% of the total amount drawn from first-year up to the ninth-year and the balance payable upon maturity on April 5, 2027
Term Loans [Member] | Loan agreement date December 16,2016 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,000
Issuance Date	December 16, 2016
Outstanding Amounts	₱ 920		925
Lender(s)	PNB
Dates Drawn	December 7, 2017
Drawn	₱ 1,000
Terms	Annual amortization rate of 1% of the amount drawn starting on the first anniversary of the advance up to the ninth anniversary of the advance and the balance payable upon maturity on December 7, 2027
Term Loans [Member] | Loan agreement date December 22,2016 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	December 22,2016
Outstanding Amounts	₱ 1,878		1,940
Lender(s)	LBP
Dates Drawn	January 22, 2018
Drawn	₱ 2,000
Terms	Annual amortization rate of 1% of the amount drawn starting on the first anniversary of the advance up to the ninth anniversary of the advance and the balance payable upon maturity on January 21, 2028
Term Loans [Member] | Loan agreement date December 23,2016 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,500
Issuance Date	December 23, 2016
Outstanding Amounts	₱ 3,317		3,350
Lender(s)	LBP
Dates Drawn	April 5, 2017
Drawn	₱ 3,500
Terms	Annual amortization rate of 1% on the first-year up to the ninth-year after the drawdown date and the balance payable upon maturity on April 5, 2027
Term Loans [Member] | Loan agreement date April 18,2017 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,500
Issuance Date	April 18, 2017
Outstanding Amounts	₱ 1,418		1,455
Lender(s)	PNB
Dates Drawn	January 3, 2018
Drawn	₱ 1,500
Terms	Annual amortization rate of 1% of the amount drawn starting on the first anniversary of the advance up to the sixth-year anniversary of the advance and the balance payable upon maturity on January 3, 2025
Term Loans [Member] | Loan agreement date May 24, 2017 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	May 24, 2017
Outstanding Amounts	₱ 1,890		1,910
Lender(s)	Security Bank
Dates Drawn	May 29, 2017
Drawn	₱ 2,000
Terms	Semi-annual amortization rate of Php10 million starting on October 5, 2017 and every six months thereafter with thebalance payable upon maturity on April 5, 2027
Term Loans [Member] | Loan agreement date July 5, 2017 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,500
Issuance Date	July 5, 2017
Outstanding Amounts	₱ 3,325		3,360
Lender(s)	LBP
Dates Drawn	July 10, 2017
Drawn	₱ 3,500
Terms	Annual amortization rate of 1% on the first- year up to the ninth-year after the drawdown date and the balance payable upon maturity on July 12, 2027
Term Loans [Member] | Loan agreement date August 29, 2017 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,500
Issuance Date	August 29, 2017
Outstanding Amounts	₱ 1,443		1,458
Lender(s)	LBP
Dates Drawn	April 2, 2018
Drawn	₱ 1,500
Terms	Annual amortization rate equivalent to 1% of the totalloan payable on the first-year up to the ninth-year after the drawdown date and the balance payable upon maturity on April 3, 2028
Term Loans [Member] | Loan agreement date September 28, 2017 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,000
Issuance Date	September 28, 2017
Paid in full on	December 10, 2021
Lender(s)	Union Bank
Dates Drawn	February 19, 2018
Drawn	₱ 1,000
Terms	Annual amortization rate of 1% of the amount drawnstarting on the first-year anniversary of the advanceup to the ninth- year anniversary of the advance and the balance payable upon maturity on February 21, 2028
Term Loans [Member] | Loan agreement date April 19,2018 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	April 19, 2018
Outstanding Amounts	₱ 1,770		1,767
Lender(s)	LBP
Dates Drawn	April 25, 2018
Drawn	₱ 2,000
Terms	Annual amortization rate equivalent to 1% of the total loan payable on the first-year up to the ninth-year after the drawdown date and the balance payable upon maturity on April 25, 2028
Term Loans [Member] | Loan agreement date April 20,2018 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,000
Issuance Date	April 20, 2018
Outstanding Amounts	₱ 879		878
Lender(s)	LBP
Dates Drawn	May 3, 2018
Drawn	₱ 1,000
Terms	Annual amortization rate equivalent to 1% of the total loan payable on the first-year up to the ninth-year after the drawdown date and the balance payable upon maturity on May 3, 2028
Term Loans [Member] | Loan agreement date May 9,2018 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	May 9, 2018
Outstanding Amounts	₱ 1,773		1,773
Lender(s)	BPI
Dates Drawn	May 10, 2018
Drawn	₱ 2,000
Terms	Annual amortization rate equivalent to 1% of the amount drawn starting on the first- year anniversary of the advance up to the ninth-year anniversary of the advance and the balance payable upon maturity on May 10, 2028
Term Loans [Member] | Loan agreement date May 25,2018 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	May 25, 2018
Outstanding Amounts	₱ 1,916		1,933
Lender(s)	BPI
Dates Drawn	May 28, 2018
Drawn	₱ 2,000
Terms	Annual amortization rate equivalent to 1% of the amount drawn starting on the first- year anniversary of the advance up to the fifth-year anniversary of the advance and the balance payable upon maturity on May 28, 2024
Term Loans [Member] | Loan agreement date June 27,2018 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,500
Issuance Date	June 27, 2018
Paid in full on	September 28, 2022
Outstanding Amounts			1,485
Lender(s)	Development Bank of the Philippines, or DBP
Dates Drawn	June 28, 2018
Drawn	₱ 1,500
Terms	Annual amortization rate equivalent to 1% of the amount drawn starting on the third- year anniversary of the advance up to the fifth-year anniversary of theadvance and the balance payable upon maturity on June 28, 2024
Term Loans [Member] | Loan agreement date July 31,2018 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	July 31, 2018
Outstanding Amounts	₱ 2,867		2,894
Lender(s)	BPI
Dates Drawn	August 10, 2018
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the amount drawn starting on the first-year anniversary of the advance up to the ninth-year anniversary of the advance and the balance payable upon maturity on May 10, 2028
Term Loans [Member] | Loan agreement date January 11, 2019 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	January 11, 2019
Outstanding Amounts	₱ 4,830		4,865
Lender(s)	DBP
Dates Drawn	May 6, 2019
Drawn	₱ 2,000
Dates Drawn	September 2, 2019
Terms	Annual amortization rate equivalent to 1% of the amount drawn starting on the third-year anniversary of the advance up to the ninth-year anniversary of the advance and the balance payable upon maturity on May 6, 2029
Drawn	₱ 3,000
Term Loans [Member] | Loan agreement date February 18, 2019 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 8,000
Issuance Date	February 18, 2019
Outstanding Amounts	₱ 8,053		7,822
Lender(s)	Union Bank
Dates Drawn	July 11, 2019
Drawn	₱ 3,000
Dates Drawn	September 6, 2019
Terms	Annual amortization rate equivalent to 1% of the amount drawn starting on the first-year anniversaryup to the ninth-year anniversary of the initialdrawdown date and the balance payable upon maturity on July 11, 2029
Dates Drawn	October 1, 2019
Dates Drawn	November 5, 2019
Drawn	₱ 2,000
Drawn	1,000
Drawn	2,000
Term Loans [Member] | Loan agreement date February 21, 2019 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	February 21, 2019
Outstanding Amounts	₱ 3,704		3,708
Lender(s)	PNB
Dates Drawn	March 11, 2019
Drawn	₱ 4,000
Terms	Annual amortization rate equivalent to 1% of the amount drawn starting on the first-year anniversary up to the seventh-year anniversary of the initialdrawdown date and the balance payable upon maturity on March 11, 2027
Term Loans [Member] | Loan agreement date April 11, 2019 [Member] | PLDT [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	April 11, 2019
Outstanding Amounts	₱ 1,931		1,949
Lender(s)	Bank of China (Hong Kong) Limited, Manila Branch
Dates Drawn	September 6, 2019
Drawn	₱ 2,000
Terms	Annual amortization rate equivalent to 1% of the amount of loan payable on the first-year anniversary up to the sixth-year anniversary of the initial drawdown date and the balance payable upon maturity on September 7, 2026
Term Loans [Member] | Loan agreement date July 1, 2019 [Member] | PLDT [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	July 1, 2019
Outstanding Amounts	₱ 1,931		1,949
Lender(s)	PNB
Dates Drawn	September 6, 2019
Drawn	₱ 2,000
Terms	Annual amortization rate equivalent to 1% of the total amountdrawn from the facility on the first-year anniversary up to thesixth-year anniversary of the initial drawdown date and thebalance payable upon maturity on September 7, 2026
Term Loans [Member] | Loan agreement date September 25, 2019 [member] | Smart Inc [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 8,000
Issuance Date	September 25, 2019
Outstanding Amounts	₱ 6,901		7,635
Lender(s)	CBC
Dates Drawn	October 2, 2019
Drawn	₱ 8,000
Terms	Annual amortization rate equivalent to 10% of the total amount drawn starting on the third-year anniversary up to the ninth-year anniversary of the initial drawdown date and the balance payable uponmaturity on October 2, 2029
Term Loans [Member] | Loan agreement date December 9, 2019 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	December 9, 2019
Outstanding Amounts	₱ 3,938		3,975
Lender(s)	DBP
Dates Drawn	December 12, 2019
Drawn	₱ 4,000
Terms	Annual amortization rate equivalent to 1% of the totalamount drawn starting on the third-year anniversary up to the ninth-year anniversary of the initial drawdown date and the balance payable upon maturity on December 12, 2029
Term Loans [Member] | Loan agreement date December 12, 2019 [Member] | PLDT [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,500
Issuance Date	December 12, 2019
Outstanding Amounts	₱ 4,340		4,382
Lender(s)	BPI
Dates Drawn	December 15, 2019
Drawn	₱ 4,500
Terms	Annual amortization rate equivalent to 1% of the advance on the first year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on December 18, 2029
Term Loans [Member] | Loan agreement date January 20, 2020 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	January 20, 2020
Outstanding Amounts	₱ 2,871		2,893
Lender(s)	BDO
Dates Drawn	January 24, 2020
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the total amount drawn starting on the first-year anniversary up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on January 24, 2030
Term Loans [Member] | Loan agreement date January 29, 2020 [Member] | PLDT [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	January 29, 2020
Outstanding Amounts	₱ 4,814		4,854
Lender(s)	BDO
Dates Drawn	January 31, 2020
Drawn	₱ 5,000
Terms	Annual amortization rate equivalent to 1% of the totalamount drawn starting on the first-year anniversary up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on January 31, 2030
Term Loans [Member] | Loan agreement date March 24, 2020 [Member] | PLDT [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	March 24, 2020
Outstanding Amounts	₱ 3,800		3,827
Lender(s)	RCBC
Dates Drawn	March 26, 2020
Drawn	₱ 4,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year anniversary of thedrawdown date and the balance payable uponmaturity on March 27, 2028
Term Loans [Member] | Loan agreement date March 30, 2020 [Member] | PLDT [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,500
Issuance Date	March 30, 2020
Outstanding Amounts	₱ 1,992		2,488
Lender(s)	MUFG Bank, Ltd.
Dates Drawn	April 2, 2020
Drawn	₱ 2,500
Terms	Amortization rate equivalent to: (1) 20% of theamount drawn payable on the 30th, 48th, 54th and 72ndmonth from the drawdown date; (2) 0.50% of theamount drawn payable on the 36th, 42nd, 60th and 66thmonth from the drawdown date; and (3) 18% of theamount drawn payable upon maturity on October 2, 2026
Term Loans [Member] | Loan agreement date May 20, 2020 [Member] | PLDT [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	May 20, 2020
Outstanding Amounts	₱ 2,923		2,951
Lender(s)	LBP
Dates Drawn	May 28, 2020
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-yearanniversary of the drawdown date and the balance payable upon maturity on May 28, 2030
Term Loans [Member] | Loan agreement date May 20, 2020 [Member] | Smart Inc [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	May 20, 2020
Outstanding Amounts	₱ 3,895		3,933
Lender(s)	LBP
Dates Drawn	November 20, 2020
Drawn	₱ 4,000
Terms	Annual amortization rate equivalent to 1% of principalamount of the loan starting on the first-year up to the ninth-year anniversary of the initial advance and the balance payable upon maturity on November 20, 2030
Term Loans [Member] | Loan agreement date May 21, 2020 [Member] | PLDT [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	May 21, 2020
Outstanding Amounts	₱ 2,921		2,949
Lender(s)	LBP
Dates Drawn	December 18, 2020
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-yearanniversary of the drawdown date and the balance payable upon maturity on December 18, 2030
Term Loans [Member] | Loan agreement date February 9, 2021 [Member] | PLDT [Member] | Maturity On February 16, 2032 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	February 9, 2021
Outstanding Amounts	₱ 4,918		4,965
Lender(s)	BPI
Dates Drawn	February 15, 2021
Drawn	₱ 5,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the tenth-year anniversary of the drawdown date and the balance payable upon maturity on February 16, 2032
Term Loans [Member] | Loan agreement date March 4, 2021 [Member] | Smart Inc [Member] | Maturity On March 9, 2031 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	March 4, 2021
Outstanding Amounts	₱ 2,951		2,979
Lender(s)	LBP
Dates Drawn	March 9, 2021
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on March 9, 2031
Term Loans [Member] | Loan agreement date March 5, 2021 [Member] | Smart Inc [Member] | Maturity On May 25, 2031 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	March 5, 2021
Outstanding Amounts	₱ 2,951		2,979
Lender(s)	LBP
Dates Drawn	May 25, 2021
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on May 25, 2031
Term Loans [Member] | Loan agreement date March 8, 2021 [Member] | Smart Inc [Member] | Maturity On March 30, 2031 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	March 8, 2021
Outstanding Amounts	₱ 3,935		3,972
Lender(s)	LBP
Dates Drawn	March 30, 2021
Drawn	₱ 4,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity on March 30, 2031
Term Loans [Member] | Loan agreement date March 31, 2021 [Member] | PLDT [Member] | Maturity On April 14, 2032 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	March 31, 2021
Outstanding Amounts	₱ 2,950		2,979
Lender(s)	BPI
Dates Drawn	April 14, 2021
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the tenth-year anniversary of the drawdown date and the balance payable upon maturity on April 14, 2032
Term Loans [Member] | Loan agreement date March 31, 2021 [Member] | PLDT [Member] | Maturity On April 29, 2032 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	March 31, 2021
Outstanding Amounts	₱ 1,980		2,000
Lender(s)	BPI
Dates Drawn	April 29, 2021
Drawn	₱ 2,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the tenth-year anniversary of the drawdown date and the balance payable upon maturity on April 29, 2032
Term Loans [Member] | Loan agreement date April 14, 2021 [Member] | Smart Inc [Member] | Maturity On June 8, 2032 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	April 14, 2021
Outstanding Amounts	₱ 3,974		3,971
Lender(s)	Metrobank
Dates Drawn	June 8, 2021
Drawn	₱ 4,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the second-year up to the tenth-year anniversary of the drawdown date and the balance payable upon maturity on June 8, 2032
Term Loans [Member] | Loan agreement date April 15, 2021 [Member] | Smart Inc [Member] | Maturity On September 1, 2032 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	April 15, 2021
Outstanding Amounts	₱ 2,980		2,978
Lender(s)	Metrobank
Dates Drawn	September 1, 2021
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the second-year up to the tenth-year anniversary of the drawdown date and the balance payable upon maturity on September 1, 2032
Term Loans [Member] | Loan agreement date April 30, 2021 [Member] | PLDT [Member] | Maturity On July 21, 2032 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	April 30, 2021
Outstanding Amounts	₱ 2,980		2,978
Lender(s)	Metrobank
Dates Drawn	June 21, 2021
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the second-year up to the tenth-year from drawdown date and the balance of 91% payable upon maturity on June 21, 2032
Term Loans [Member] | Loan agreement date June 14, 2021 [Member] | PLDT [Member] | Maturity On September 1, 2032 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	June 14, 2021
Outstanding Amounts	₱ 3,934		3,971
Lender(s)	RCBC
Dates Drawn	September 1, 2021
Drawn	₱ 4,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the eighth-year and tenth-year from drawdown date and equal amortization equivalent to 45.5% of the advance on the ninth-year and upon maturity onSeptember 1, 2032
Term Loans [Member] | Loan agreement date June 14, 2021 [Member] | PLDT [Member] | Maturity On July 15, 2032 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	June 14, 2021
Outstanding Amounts	₱ 2,951		2,978
Lender(s)	RCBC
Dates Drawn	July 15, 2021
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the eighth-year and tenth-year from drawdown date and equal amortization equivalent to 45.5% of the advance on the ninth-year and upon maturity on July 15, 2032
Term Loans [Member] | Loan agreement date September 28, 2021 [Member] | Smart Inc [Member] | Maturity On October 15, 2031 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,000
Issuance Date	September 28, 2021
Outstanding Amounts	₱ 990		1,000
Lender(s)	BDO
Dates Drawn	October 15, 2021
Drawn	₱ 1,000
Terms	Annual amortization rate equivalent to 1% of theadvance starting on the first-year up to theninth-year from the drawdown date and the balance of 91% payable upon maturity on October 15, 2031
Term Loans [Member] | Loan Agreement Date November 17, 2021 [Member] | Smart Inc [Member] | Maturity On November 22, 2028 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	November 17, 2021
Outstanding Amounts	₱ 2,951		2,978
Lender(s)	BDO
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of theadvance starting on the first-year up to the sixth-yearfrom the drawdown date and the balance of 94%payable upon maturity on November 22, 2028
Term Loans [Member] | Loan Agreement Date November 24, 2021 [Member] | PLDT [Member] | Maturity On March 1, 2033 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,000
Issuance Date	November 24, 2021
Outstanding Amounts	₱ 990		1,000
Lender(s)	BPI
Drawn	₱ 1,000
Terms	Annual amortization rate equivalent to 1% of theadvance starting on the first-year up to thetenth-year anniversary of the drawdown date andthe balance payable upon maturity on March 1, 2033
Term Loans [Member] | Loan Agreement Date November 24, 2021 [Member] | PLDT [Member] | Maturity On March 17, 2033 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	November 24, 2021
Outstanding Amounts	₱ 2,949		2,978
Lender(s)	BPI
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the tenth-year anniversary of the drawdown date and the balance payable upon maturity on March 17, 2033
Term Loans [Member] | Loan Agreement Date November 24, 2021 [Member] | PLDT [Member] | Maturity On March 17, 2033 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	November 24, 2021
Outstanding Amounts	₱ 3,932		3,970
Lender(s)	BPI
Drawn	₱ 4,000
Terms	Annual amortization rate equivalent to 1% of theadvance starting on the first-year up to thetenth-year anniversary of the drawdown date andthe balance payable upon maturity on March 17, 2033
Term Loans [Member] | Loan Agreement Date December 10, 2021 [Member] | PLDT [Member] | Maturity On December 17, 2031 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,500
Issuance Date	December 10, 2021
Outstanding Amounts	₱ 2,475		₱ 2,500
Lender(s)	LBP
Drawn	₱ 2,500
Terms	Annual amortization rate equivalent to 1% of theadvance starting on the first-year up to the ninth-yearanniversary of the drawdown date and the balancepayable upon maturity on December 17, 2031
Term Loans [Member] | Loan Agreement Date December 14, 2021 [Member] | Smart Inc [Member] | Maturity On January 21, 2030 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	December 14, 2021
Outstanding Amounts	₱ 2,980
Lender(s)	DBP
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of theadvance starting on the first-year up to the seventh-yearfrom the drawdown date and the balance of 93%payable upon maturity on January 21, 2030
Term Loans [Member] | Loan Agreement Date December 14, 2021 [Member] | Smart Inc [Member] | Maturity On January 20, 2031 [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	December 14, 2021
Outstanding Amounts	₱ 2,000
Lender(s)	DBP
Drawn	₱ 2,000
Terms	Annual amortization rate equivalent to 1% of theadvance starting on the first-year up to the eight-yearfrom the drawdown date and the balance of 92%payable upon maturity on January 20, 2031
Term Loans [Member] | Loan Agreement Date January 31, 2023 [Member] | PLDT [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 10,000
Issuance Date	January 31, 2023
Lender(s)	BPI
Terms	Annual amortization rate equivalent to 1% of theadvance starting on the first-year up to the ninth-yearanniversary of the drawdown date and the balancepayable upon maturity
Term Loans [Member] | Loan Agreement Date February 27, 2023 [Member] | PLDT [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,500
Issuance Date	February 27, 2023
Lender(s)	LBP
Terms	Annual amortization rate equivalent to 1% of theadvance starting on the first-year up to the ninth-yearanniversary of the drawdown date and the balancepayable upon maturity
Term Loans [Member] | Loan Agreement Date March 10, 2023 [Member] | PLDT [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 8,000
Issuance Date	March 10, 2023
Lender(s)	BPI
Terms	Semi-annual amortizations equivalent to 1% of the advance on the 1st to 5th year after drawdown date, 5% of the advance on the 6th to 9th year after drawdown date, and the balance of 75% payable on maturity date
Term Loans [Member] | Loan Agreement Date March 22, 2023 [Member] | PLDT [Member] | Unsecured Term Loan [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	March 22, 2023
Lender(s)	BPI
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year anniversary of the drawdown date and the balance payable upon maturity

Deferred Credits and Other No_3

Deferred Credits and Other Noncurrent Liabilities - Summary of Deferred Credits and Other Noncurrent Liabilities (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Contract liabilities and unearned revenues (Note 5)	₱ 7,615	₱ 3,558
Total provision for asset retirement obligations	1,514	2,121	₱ 2,000
Accrual of capital expenditures under long-term financing	316	300
Others	56	105
Deferred credits and non other liabilities	₱ 9,501	₱ 6,084

Deferred Credits and Other No_4

Deferred Credits and Other Noncurrent Liabilities - Summary of Changes to Provision for Asset Retirement Obligations (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Provision for asset retirement obligations at beginning of the year	₱ 2,121	₱ 2,000
Revaluation due to change in IBR	442	(102)
Capitalized to ROU assets during the year	65	239
Accretion expenses	54	65
Settlement of obligations and others	(1)	(19)
Reclassification to liabilities associated with assets classified as held-for-sale	(232)
Change in assumptions	(935)	(62)
Provision for asset retirement obligations at end of the year	₱ 1,514	₱ 2,121

Accounts Payable - Summary of A

Accounts Payable - Summary of Accounts Payable (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Suppliers and contractors (Note 28)	₱ 80,725	₱ 85,903
Taxes (Note 27)	4,052	1,741
Carriers and other customers (Note 28)	1,745	1,469
Related parties (Notes 25 and 28)	270	200
Others	18,395	10,405
Accounts payable	₱ 105,187	₱ 99,718

Accounts Payable - Additional I

Accounts Payable - Additional Information (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Trade Financing Arrangements [Member]
Accounts Payable [Line Items]
Amount reclassified from accounts payable	₱ 17,931	₱ 9,393
Trade Financing Arrangements [Member] | Parent [Member]
Accounts Payable [Line Items]
Trade receivables	7,049	7,559
Trade Financing Arrangements [Member] | Smart [Member]
Accounts Payable [Line Items]
Trade receivables	₱ 10,882	₱ 1,834
Top of range [member]
Accounts Payable [Line Items]
Accounts payable settlement period	180 days

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Summary of Accrued Expenses and Other Current Liabilities (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Accrued utilities and related expenses (Notes 25 and 28)	₱ 63,731	₱ 63,105
Contract liabilities and unearned revenues (Note 5)	9,499	10,063
Accrued taxes and related expenses (Note 27)	9,445	11,464
Accrued employee benefits and other provisions (Note 28)	6,615	9,087
Accrued interests and other related costs (Note 29)	1,868	1,783
Liability from redemption of preferred shares (Notes 20 and 28)		7,842
Others	2,387	2,769
Accrued expenses and other current liabilities	₱ 93,545	₱ 106,113

Related Party Transactions - Su

Related Party Transactions - Summary of Outstanding Balances and Transactions with Related Parties (Detail) $ in Thousands, ₱ in Millions	12 Months Ended
	Dec. 31, 2022 PHP (₱)	Dec. 31, 2021 PHP (₱)	Dec. 31, 2020 PHP (₱)	Dec. 31, 2022 USD ($)
Disclosure Of Transactions Between Related Parties [Line Items]
Accrued expenses and other current liabilities (Notes 24 and 27)	₱ 93,545	₱ 106,113
Right-of-use assets (Note 10)	28,863	20,081
Lease liabilities – net of current portion (Note 10)	31,958	17,131
Current portion of lease liabilities (Note 10)	10,477	4,555
Repairs and maintenance (Notes 14, 18 and 25)	28,981	24,653	₱ 21,555
Rent (Notes 10 and 25)	2,031	2,231	1,384
Depreciation and amortization (Notes 9 and 10)	98,714	52,169	47,480
Accounts payable (Note 23)	105,187	99,718
Financing costs – net	11,766	10,414	10,086
Professional and other contracted services (Note 25)	8,845	8,371	7,307
Communication, training and travel (Note 25)	1,479	977	903
Prepayments (Note 19)	95,749	107,484
Insurance and security services (Note 25)	1,588	1,739	1,699
Trade and other receivables	39,916	35,625
Cost of services (Note 18)	3,488	3,492	2,991
Revenues	205,245	193,257	181,004
Expenses	210,746	152,496	144,822
Meralco Joint Venture Through P C E V
Disclosure Of Transactions Between Related Parties [Line Items]
Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24)	527	186
Right-of-use assets (Note 10)	2,775	2,433
Lease liabilities – net of current portion (Note 10)	727	1,118
Current portion of lease liabilities (Note 10)	642	487
Repairs and maintenance (Notes 14, 18 and 25)	3,219	2,519	2,231
Rent (Notes 10 and 25)	40	40	38
Depreciation and amortization (Notes 9 and 10)	₱ 665	486	473
Meralco Joint Venture Through P C E V | ROU Assets [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	Upon depreciation or expiration of lease
Meralco Joint Venture Through P C E V | Accounts Payable And Accrued Expenses And Other Current Liabilities [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	Immediately upon receipt of invoice
Meralco Joint Venture Through P C E V | Accrued expenses and other current liabilities [member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	45 days upon receipt of billings
Meralco Joint Venture Through P C E V | Lease Liabilities - Net of Current Portion [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	2022 – due after December 31, 2023; 2021 – due after December 31, 2022
Meralco Joint Venture Through P C E V | Current Portion of Lease Liabilities [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	2022– due on or before December 31, 2023;2021 – due on or before December 31, 2022
Meralco Industrial Engineering Services Corporation, or MIESCOR Joint Venture Through PCEV [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accrued expenses and other current liabilities (Notes 24 and 27)	₱ 5	1
Terms and Conditions	30 days upon receipt of invoice
NTT TC Leasing [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	Non-amortizing, payable upon maturity on March 30, 2023
Interest-bearing financial liabilities (Note 21)	₱ 1,396	1,272
Financing costs – net	46	17	29
NTT World Engineering Marine Corporation [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24)	318	240
Repairs and maintenance (Notes 14, 18 and 25)	₱ 80	97	139
Terms and Conditions	1st month of each quarter; noninterest-bearing
NTT TC Leasing One [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	Non-amortizing, payable upon maturity on March 27, 2024
Interest-bearing financial liabilities (Note 21)	₱ 1,395	1,271
Financing costs – net	46	18	30
NTT Communications [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accrued expenses and other current liabilities (Notes 24 and 27)	₱ 18	12
Terms and Conditions	30 days upon receipt of invoice; noninterest-bearing
Accounts payable (Note 23)	₱ 3	3
Professional and other contracted services (Note 25)	₱ 87	68	81
NTT Communications [Member] | Accrued expenses and other current liabilities [member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	30 days upon receipt of invoice; noninterest-bearing
NTT Worldwide Telecommunications Corporation [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	30 days upon receipt of invoice; noninterest-bearing
Accounts payable (Note 23)	₱ 6	4
Selling and promotions	2	2	3
NTT DOCOMO, Inc. [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accrued expenses and other current liabilities (Notes 24 and 27)	₱ 14	12
Terms and Conditions	30 days upon receipt of invoice; noninterest-bearing
Professional and other contracted services (Note 25)	₱ 105	80	58
JGSHI and Subsidiaries [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24)	17	52
Accrued expenses and other current liabilities (Notes 24 and 27)	45	7
Right-of-use assets (Note 10)	59	83
Lease liabilities – net of current portion (Note 10)	35	62
Current portion of lease liabilities (Note 10)	28	30
Repairs and maintenance (Notes 14, 18 and 25)	23	25	6
Rent (Notes 10 and 25)	269	232	314
Depreciation and amortization (Notes 9 and 10)	₱ 44	29	34
Financing costs – net		5	13
Professional and other contracted services (Note 25)			2
Communication, training and travel (Note 25)			1
JGSHI and Subsidiaries [Member] | ROU Assets [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	Upon depreciation or expiration of lease
JGSHI and Subsidiaries [Member] | Accounts Payable And Accrued Expenses And Other Current Liabilities [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	1st month of each quarter; 30 days upon receipt of invoice; noninterest-bearing
JGSHI and Subsidiaries [Member] | Accrued expenses and other current liabilities [member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	30 days upon receipt of invoice; noninterest-bearing
JGSHI and Subsidiaries [Member] | Lease Liabilities - Net of Current Portion [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	2022 – due after December 31, 2023;2021 – due after December 31, 2022
JGSHI and Subsidiaries [Member] | Current Portion of Lease Liabilities [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	2022 – due on or before September 30, 2023 2021 – due on or before December 31, 2022
Malayan [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24)	₱ 10	10
Terms and Conditions	Immediately upon receipt of invoice
Prepayments (Note 19)	₱ 27	23
Insurance and security services (Note 25)	₱ 229	196	194
Malayan [Member] | Accounts Payable And Accrued Expenses And Other Current Liabilities [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	Immediately upon receipt of invoice
Gotuaco [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24)		1
Insurance and security services (Note 25)	₱ 144	179	149
Gotuaco [Member] | Accounts Payable And Accrued Expenses And Other Current Liabilities [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	Immediately upon receipt of invoice
FPIML [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Professional and other contracted services (Note 25)	₱ 133	111	72
Prepayments (Note 19) | $				$ 1,540
Cignal Cable [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	30 days upon receipt of invoice
Selling and promotions			23
Cost of services (Note 18)			22
Other income - net			51
Various [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accrued expenses and other current liabilities (Notes 24 and 27)	₱ 57	11
Right-of-use assets (Note 10)	1,404	750
Lease liabilities – net of current portion (Note 10)	384	386
Current portion of lease liabilities (Note 10)	₱ 229	234
Terms and Conditions	30 days upon receipt of billing; noninterest-bearing
Accounts payable (Note 23)	₱ 947	1,314
Trade and other receivables	3,155	1,892
Revenues	2,518	2,368	2,145
Expenses	₱ 5,687	₱ 2,386	₱ 1,582
Various [Member] | ROU Assets [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	Upon depreciation or expiration of lease
Various [Member] | Trade and Other Receivables [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	30 days upon receipt of invoice
Various [Member] | Accrued expenses and other current liabilities [member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	Immediately upon receipt of billing
Various [Member] | Lease Liabilities - Net of Current Portion [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	2022 – due after December 31, 2023;2021 – due after December 31, 2022
Various [Member] | Current Portion of Lease Liabilities [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	2022 – due on or before December 31, 2023;2021 – due on or before December 31, 2022

Related Party Transactions - _2

Related Party Transactions - Summary of Outstanding Balances and Transactions with Related Parties (Parenthetical) (Detail) $ in Thousands, ₱ in Millions						12 Months Ended
	Apr. 01, 2021 USD ($)	Apr. 01, 2020 USD ($)	Mar. 01, 2018 USD ($)	Jan. 31, 2017 USD ($)	Mar. 22, 2016 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 PHP (₱)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 PHP (₱)
Disclosure Of Transactions Between Related Parties [Line Items]
Outstanding Amounts | ₱							₱ 249,580		₱ 252,557
Prepayments (Note 19) | ₱							₱ 95,749		₱ 107,484
NTT TC Leasing [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Outstanding Amounts				$ 25,000	$ 25,000
Line of credit facility maturity date				Mar. 27, 2024	Mar. 30, 2023
FPIML [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Service fee	$ 220	$ 100	$ 250
Prepayments (Note 19)								$ 1,540
Iflix [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Minimum guarantee committed for advertising spend						$ 1,500
Marketing costs						$ 500
Percentage of marketing costs						30%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - PHP (₱) ₱ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [abstract]
Director fee for each board meeting	₱ 250
Fee for each committee meeting attended	125
Total fees paid for board meetings and board committee meetings	₱ 82,000	₱ 85,000	₱ 72,000

Related Party Transactions - _3

Related Party Transactions - Summary of Compensation of Key Officers by Benefit Type (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of transactions between related parties [abstract]
Other long-term employee benefits (Note 26)	₱ 480	₱ 115	₱ 297
Short-term employee benefits	358	311	327
Post-employment benefits (Note 26)	22	21	22
Total compensation paid to key officers of the PLDT Group	₱ 860	₱ 447	₱ 646

Pension and Other Employee Be_3

Pension and Other Employee Benefits - Summary of Changes in Present Value of Defined Benefit Obligations, Fair Value of Plan Assets and Components of Net Periodic Benefit Costs of Defined Benefit Pension Plans (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Net Defined Benefit Liability Asset [Line Items]
Interest costs on benefit obligation	₱ 190	₱ 317	₱ 734
Service costs	1,093	1,614	1,313
Actual gain on plan assets	562	(460)	(1,582)
Unfunded status – net	408	(7,615)	(13,197)
Accrued benefit costs	482	7,760	13,342
Prepaid benefit costs (Note 19)	890	145	145
Curtailment/settlement gains and other adjustments	261		(99)
Net periodic benefit costs (Note 5)	1,544	1,931	1,948
Present value of defined benefit obligation [Member]
Disclosure Of Net Defined Benefit Liability Asset [Line Items]
Present value of defined benefit obligations at beginning of the year	22,298	28,197	22,638
Interest costs on benefit obligation	1,173	922	1,056
Service costs	1,093	1,614	1,313
Actuarial losses on obligations – experience	78	538	265
Actual benefits paid/settlements	(102)	(3,471)	(369)
Actuarial losses on obligations – economic assumptions	(3,972)	(5,502)	3,507
Curtailment and others	(4,685)		(213)
Present value of defined benefit obligations at end of the year	15,883	22,298	28,197
Plan assets [Member]
Disclosure Of Net Defined Benefit Liability Asset [Line Items]
Actual benefits paid/settlements	(5,313)	(3,471)	(369)
Fair value of plan assets at beginning of the year	14,683	15,000	13,724
Actual contributions	6,359	3,614	3,227
Interest income on plan assets	983	605	322
Return on plan assets (excluding amount included in net interest)		(1,065)	(1,904)
Actual gain on plan assets	(421)
Fair value of plan assets at end of the year	₱ 16,291	₱ 14,683	₱ 15,000

Pension and Other Employee Be_4

Pension and Other Employee Benefits - Additional Information (Detail) - PHP (₱) ₱ / shares in Units, ₱ in Millions, shares in Millions

5 Months Ended

12 Months Ended

May 30, 2015

May 21, 2015

Dec. 31, 2014

Mar. 11, 2014

Feb. 19, 2014

Sep. 27, 2013

Jan. 25, 2013

Aug. 09, 2012

Jul. 06, 2012

Jun. 30, 2012

May 08, 2012

Oct. 31, 2013

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Feb. 28, 2018

Oct. 26, 2012

Disclosure Of Defined Benefit Plans [Line Items]

Actual net gain (losses) on plan assets

₱ 562

₱ (460)

₱ (1,582)

Expected contribution in 2023 to the defined benefit plan

₱ 4,613

Average duration of the defined benefit obligation

10 years 10 months 28 days

10 years

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

Percentage of Economic Interest

70%

Additional amount deposited

₱ 3,250

Additional investment

₱ 800

Settlement amount

200

Balance investment amount

₱ 500

Carrying value of investments in associates

₱ 17,922

₱ 17,206

₱ 1,664

Direct Subscription In Shares Of Stocks

20

Unpaid Subscription in Unlisted Equity Investments

32

Cumulative Change In Fair Market Value Of Investment

₱ 494

₱ 465

Debt and fixed income securities

2%

2%

Accrued expenses and other current liabilities (Notes 24 and 27)

₱ 93,545

₱ 106,113

Long-term Incentive Plan [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Accrued expenses and other current liabilities (Notes 24 and 27)

1,272

Accrued incentive payable

₱ 1,294

2,384

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

Fixed Income Securities [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Proportion of portfolio percentage

70%

Equity Securities 1 [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Proportion of portfolio percentage

30%

Smart and Subsidiaries [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Actual net gain (losses) on plan assets

₱ (109)

114

285

Expected contribution in 2023 to the defined benefit plan

309

Smart and Subsidiaries [Member] | PLDT Shares [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Plan Assets of Defined Benefit Pension Plans

₱ 21

₱ 45

Unlisted Preferred Shares [member]

Disclosure Of Defined Benefit Plans [Line Items]

Subscription price per share

₱ 10

₱ 10

Unlisted preferred shares

300

300

Subscription payable

₱ 2,640

₱ 2,640

Dividend rate

13.50%

13.50%

Dividends earned

₱ 49

₱ 47

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%

Deposit for future subscription

₱ 4,000

Additional deposit for subscription

₱ 1,000

₱ 1,000

Additional investment

₱ 1,000

2,000

1,400

₱ 3,100

Carrying value of investments in associates

9,855

9,984

Satventures Philippine Depositary Receipts [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Percentage of Economic Interest

40%

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%

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

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

₱ 1

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

₱ 3

₱ 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%

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%

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%

Bottom of range [member]

Disclosure Of Defined Benefit Plans [Line Items]

Pre-tax discount rates applied to cash flow projections

11.40%

Growth rate of cash flows beyond the projection of three years

0%

Percentage of contribution to plan by employer

5%

Debt and fixed income securities

10%

Bottom of range [member] | Smart and Subsidiaries [Member] | Philippine Foreign Currency Bonds [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Percentage of interest earned

2.95%

Bottom of range [member] | 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

3%

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]

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%

Percentage of contribution to plan by employee

10%

Debt and fixed income securities

50%

Top of range [member] | Smart and Subsidiaries [Member] | Philippine Foreign Currency Bonds [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Percentage of interest earned

10.63%

Top of range [member] | 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

10.13%

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%

Pension and Other Employee Be_5

Pension and Other Employee Benefits - Summary of Expected Future Settlements of Defined Benefit Pension Plans (Detail) ₱ in Millions	Dec. 31, 2022 PHP (₱)
Less than 1 year [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	₱ 261
1-2 years [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	317
2025 [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	433
2026 [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	826
2027 [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	1,077
More than five years [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	₱ 11,904

Pension and Other Employee Be_6

Pension and Other Employee Benefits - Summary of Weighted Average Assumptions Used to Determine Pension Benefits of Defined Benefit Pension Plans (Detail)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Defined Benefit Plans [Line Items]
Rate of increase in compensation	5.70%	5.70%	6%
Discount rate	7.30%	5.30%	3.50%
Investment Property [Member] | Smart and Subsidiaries [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Rate of increase in compensation	5%	5%	5%
Discount rate	7.30%	5%	3.50%

Pension and Other Employee Be_7

Pension and Other Employee Benefits - Summary of Sensitivity Analysis on Defined Benefit Obligation of Defined Benefit Pension Plans (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Actuarial assumption of discount rates [Member]
Disclosure Of Sensitivity Analysis For Actuarial Assumptions [Line Items]
Increase (decrease) in defined benefit obligation due to 1% increase	₱ (14,223)
Increase (decrease) in defined benefit obligation due to 1% decrease	₱ 17,579
Percentage of increase in defined benefit obligation	1%
Percentage of decrease in defined benefit obligation	(1.00%)
Actuarial assumption of discount rates [Member] | Defined Contribution Plans [Member]
Disclosure Of Sensitivity Analysis For Actuarial Assumptions [Line Items]
Increase (decrease) in defined benefit obligation due to 1% increase		₱ (4)
Increase (decrease) in defined benefit obligation due to 1% decrease		₱ 614
Percentage of increase in defined benefit obligation		0.20%
Percentage of decrease in defined benefit obligation		(0.10%)
Actuarial Assumption of Expected Rates of Salary Increases [Member]
Disclosure Of Sensitivity Analysis For Actuarial Assumptions [Line Items]
Increase (decrease) in defined benefit obligation due to 1% increase	₱ 17,587
Increase (decrease) in defined benefit obligation due to 1% decrease	₱ (4,189)
Percentage of increase in defined benefit obligation	1%
Percentage of decrease in defined benefit obligation	(1.00%)
Actuarial Assumption of Expected Rates of Salary Increases [Member] | Defined Contribution Plans [Member]
Disclosure Of Sensitivity Analysis For Actuarial Assumptions [Line Items]
Increase (decrease) in defined benefit obligation due to 1% increase		₱ 614
Increase (decrease) in defined benefit obligation due to 1% decrease		₱ (4)
Percentage of increase in defined benefit obligation		0.20%
Percentage of decrease in defined benefit obligation		(0.10%)

Pension and Other Employee Be_8

Pension and Other Employee Benefits - Summary of Plan Assets of Defined Benefit Pension Plans (Detail) - Defined Benefit Plan Assets [Member] - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Fair Value Of Plan Assets [Line Items]
Noncurrent Financial Assets	₱ 15,876	₱ 13,914
Current Financial Assets	418	523
Plan Assets of Defined Benefit Pension Plans	16,291	14,683
Less: Employee’s share, forfeitures and mandatory reserve account	1,196	1,356
Total Plan Assets of Defined Contribution Plans	3,485	4,137
Smart and Subsidiaries [Member] | Non-current Financial Assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	3,270	5,456
Smart and Subsidiaries [Member] | Current Financial Assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	4,681	5,493
Parent [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	16,294	14,437
Subsidiaries [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	(3)	246
Unquoted Equity Investments [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Noncurrent Financial Assets	13,509	11,332
Shares of Stocks [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Noncurrent Financial Assets	1,913	2,316
Corporate Bonds [member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Noncurrent Financial Assets	318	242
Mutual Funds [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Noncurrent Financial Assets	7	7
Government Securities [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Noncurrent Financial Assets	129	17
Cash and Cash Equivalent [member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Current Financial Assets	410	518
Cash and Cash Equivalent [member] | Smart and Subsidiaries [Member] | Current Financial Assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	1,411	37
Receivables [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Current Financial Assets	8	5
Receivables [Member] | Smart and Subsidiaries [Member] | Current Financial Assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	1,411	37
Domestic Fixed Income Investment [Member] | Smart and Subsidiaries [Member] | Non-current Financial Assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	2,152	2,833
Domestic Equities Investment [Member] | Smart and Subsidiaries [Member] | Non-current Financial Assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	676	997
International Equities Investment [Member] | Smart and Subsidiaries [Member] | Non-current Financial Assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans		844
International Fixed Income Investment [Member] | Smart and Subsidiaries [Member] | Non-current Financial Assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	222	558
Philippine Foreign Currency Bonds Investment [Member] | Smart and Subsidiaries [Member] | Non-current Financial Assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	₱ 220	₱ 224

Pension and Other Employee Be_9

Pension and Other Employee Benefits - Summary of Unlisted Equity Investments of Defined Benefit Pension Plans (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Fair Value Of Plan Assets [Line Items]
Unlisted Equity Investments	₱ 51,546	₱ 53,364	₱ 52,123
MediaQuest PDRs [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
% of Ownership	100%	100%
Unlisted Equity Investments	₱ 12,634	₱ 10,508
Tahanan Mutual Building and Loan Association, Inc [member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
% of Ownership	100%	100%
Unlisted Equity Investments	₱ 625	₱ 584
BTF Holdings, Inc. [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
% of Ownership	100%	100%
Unlisted Equity Investments	₱ 250	₱ 240
Unquoted Equity Investments [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Unlisted Equity Investments	₱ 13,509	₱ 11,332

Pension and Other Employee B_10

Pension and Other Employee Benefits - Summary of Unlisted Equity Investments of Defined Benefit Pension Plans (Parenthetical) (Detail) ₱ in Millions	Dec. 31, 2022 PHP (₱)
Tahanan Mutual Building and Loan Association, Inc [member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Net subscriptions payable	₱ 32

Pension and Other Employee B_11

Pension and Other Employee Benefits - Summary of Shares of Stocks of Defined Benefit Pension Plans (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Fair Value Of Plan Assets [Line Items]
Shares of stocks	₱ 1,913	₱ 2,316
Preferred Stock [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Shares of stocks	360	360
PSE [member] | Common Stock [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Shares of stocks	1,054	1,401
Parent [Member] | Common Stock [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Shares of stocks	35	48
Others [Member] | Common Stock [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Shares of stocks	₱ 464	₱ 507

Pension and Other Employee B_12

Pension and Other Employee Benefits - Summary of Allocation of Fair Value of Plan Assets of Defined Benefit Pension Plans (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of fair value of plan assets [abstract]
Investments in listed and unlisted equity securities	95%	94%
Temporary cash investments	2%	4%
Debt and fixed income securities	2%	2%
Mutual funds	1%
Net investments	100%	100%

Pension and Other Employee B_13

Pension and Other Employee Benefits - Summary of Changes in Present Value of Defined Benefit Obligations, Fair Value of Plan Assets and Components of Net Periodic Benefit Costs of Defined Contribution Plans (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Fair Value Of Plan Assets [Line Items]
Service costs	₱ 1,093	₱ 1,614	₱ 1,313
Interest costs on benefit obligation	190	317	734
Curtailment/settlement gains and other adjustments	261		(99)
Net periodic benefit costs (Note 5)	1,544	1,931	1,948
Present value of defined benefit obligation [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Present value of defined benefit obligations at beginning of the year	22,298	28,197	22,638
Service costs	1,093	1,614	1,313
Actuarial losses – experience	3,972	5,502	(3,507)
Actual benefits paid/settlements	(102)	(3,471)	(369)
Present value of defined benefit obligations at end of the year	15,883	22,298	28,197
Interest costs on benefit obligation	1,173	922	1,056
Plan assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Actual benefits paid/settlements	(5,313)	(3,471)	(369)
Fair value of plan assets at beginning of the year	14,683	15,000	13,724
Actual contributions	6,359	3,614	3,227
Interest income on plan assets	983	605	322
Return on plan assets (excluding amount included in net interest)		(1,065)	(1,904)
Fair value of plan assets at end of the year	16,291	14,683	15,000
Investment Property [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Service costs	262	313	294
Funded status – net	708	873	876
Prepaid benefit costs (Note 19)	708	873	876
Interest costs on benefit obligation	(57)	(31)	(24)
Net periodic benefit costs (Note 5)	205	282	270
Investment Property [Member] | Present value of defined benefit obligation [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Present value of defined benefit obligations at beginning of the year	3,264	2,775	2,813
Service costs	262	313	294
Interest costs on benefit obligation	156	101	118
Actuarial losses – economic assumptions	(20)	(40)	28
Actuarial losses – experience	(216)	12	69
Actual benefits paid/settlements	(396)		(567)
Curtailment and others	(273)	103	20
Present value of defined benefit obligations at end of the year	2,777	3,264	2,775
Investment Property [Member] | Plan assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Actual benefits paid/settlements	(842)
Fair value of plan assets at beginning of the year	4,137	3,651	3,084
Actual contributions	299	306	282
Interest income on plan assets	213	132	142
Return on plan assets (excluding amount included in net interest)	(322)	(18)	143
Others		66
Fair value of plan assets at end of the year	₱ 3,485	₱ 4,137	₱ 3,651

Pension and Other Employee B_14

Pension and Other Employee Benefits - Summary of Expected Future Settlements of Defined Contribution Plans (Detail) ₱ in Millions	Dec. 31, 2022 PHP (₱)
Less than 1 year [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	₱ 261
2024 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	317
2025 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	433
2026 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	826
2027 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	1,077
Later than five years [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	11,904
Defined Contribution Plans [Member] | Less than 1 year [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	81
Defined Contribution Plans [Member] | 2024 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	143
Defined Contribution Plans [Member] | 2025 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	142
Defined Contribution Plans [Member] | 2026 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	210
Defined Contribution Plans [Member] | 2027 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	216
Defined Contribution Plans [Member] | Later than five years [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	₱ 2,163

Pension and Other Employee B_15

Pension and Other Employee Benefits - Summary of Allocation of Fair Value of Plan Assets of Defined Contribution Plans (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Fair Value Of Plan Assets [Line Items]
Investments in listed and unlisted equity securities	95%	94%
Smart and Subsidiaries [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Investments in debt and fixed income securities and others	86%	67%
Investments in listed and unlisted equity securities	14%	33%
Percentage of investments in pension plan assets	100%	100%

Provisions and Contingencies -

Provisions and Contingencies - Additional Information (Detail) ₱ in Thousands			12 Months Ended
	Jul. 03, 2017 Worker	Jul. 23, 2014 PHP (₱)	Dec. 31, 2022 PHP (₱)
Digitel Mobile Philippines, Inc. [Member] | City Of Trece Martires
Disclosure Of Contingent Liabilities [Line Items]
Provision of ordinance imposing fee			₱ 150
A Ce S Philippine
Disclosure Of Contingent Liabilities [Line Items]
Deficiency basic withholding tax		₱ 87,000
Payments for compromise settlement			27,000
Eastern telecommunications philippines inc [Member] | Top of range [member]
Disclosure Of Contingent Liabilities [Line Items]
Maximum amount of arbitration of collating claims			2,900,000
DOLE [Member]
Disclosure Of Contingent Liabilities [Line Items]
Number of workers order | Worker	7,344
Monetary liability			51,800
PLDT [Member] | Top of range [member]
Disclosure Of Contingent Liabilities [Line Items]
Maximum amount of arbitration of collating claims			₱ 2,800,000

Financial Assets and Liabilit_3

Financial Assets and Liabilities - Summary of Consolidated Financial Assets and Financial Liabilities (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Noncurrent Assets
Financial assets at fair value through profit or loss	₱ 432	₱ 339
Debt instruments at amortized cost – net of current portion	596	400
Derivative financial assets – net of current portion	81	48
Other financial assets – net of current portion	3,489	3,099
Current Assets
Cash and cash equivalents	25,211	23,907	₱ 40,237	₱ 24,369
Short-term investments	383	2,241
Trade and other receivables	26,255	21,790
Current portion of derivative financial assets		93
Current portion of debt instruments at amortized cost		207
Current portion of other financial assets	206	7,064
Total assets	56,653	59,188
Noncurrent Liabilities
Long-term debt (Notes 28 and 29)	217,288	241,075
Noncurrent portion of lease liabilities (Note 28)	31,958	17,131
Derivative financial liabilities – net of current portion	190	100
Customers' deposits	2,313	2,270
Deferred credits and other noncurrent liabilities	363	398
Current Liabilities
Accounts payable	101,107	97,959
Accrued expenses and other current liabilities	74,227	84,219
Current portion of interest-bearing financial liabilities	32,292	11,482
Current portion of lease liabilities	10,477	4,555
Dividends payable	1,821	1,708
Current portion of derivative financial liabilities (Note 28)	960	115
Liabilities associated with assets classified as held-for-sale	1,668
Total liabilities	474,664	461,012
Net assets (liabilities)	(418,011)	(401,824)
Current portion of derivative financial liabilities	960	115
Financial assets at amortised cost, category [member]
Noncurrent Assets
Debt instruments at amortized cost – net of current portion	596	400
Other financial assets – net of current portion	3,489	3,099
Current Assets
Cash and cash equivalents	25,211	23,907
Short-term investments	129	1,986
Trade and other receivables	26,255	21,790
Current portion of debt instruments at amortized cost		207
Current portion of other financial assets	206	208
Total assets	55,886	51,597
Noncurrent Liabilities
Long-term debt (Notes 28 and 29)	217,288	241,075
Noncurrent portion of lease liabilities (Note 28)	31,958	17,131
Customers' deposits	2,313	2,270
Deferred credits and other noncurrent liabilities	363	398
Current Liabilities
Accounts payable	101,107	97,959
Accrued expenses and other current liabilities	74,227	76,377
Current portion of interest-bearing financial liabilities	32,292	11,482
Current portion of lease liabilities	10,477	4,555
Dividends payable	1,821	1,708
Liabilities associated with assets classified as held-for-sale	1,668
Total liabilities	473,514	452,955
Net assets (liabilities)	(417,628)	(401,358)
financial assets at FVPL [Member]
Noncurrent Assets
Financial assets at fair value through profit or loss	432	339
Derivative financial assets – net of current portion	81	48
Current Assets
Short-term investments	254	255
Current portion of derivative financial assets		93
Current portion of other financial assets		6,856
Total assets	767	7,591
Noncurrent Liabilities
Derivative financial liabilities – net of current portion	190	100
Current Liabilities
Accrued expenses and other current liabilities		7,842
Current portion of derivative financial liabilities (Note 28)	960	115
Total liabilities	1,150	8,057
Net assets (liabilities)	(383)	(466)
Current portion of derivative financial liabilities	₱ 960	₱ 115

Financial Assets and Liabilit_4

Financial Assets and Liabilities - Summary of Consolidated Financial Assets and Financial Liabilities (Parenthetical) (Detail) $ in Thousands, ₱ in Millions	Dec. 31, 2022 PHP (₱)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 PHP (₱)	Dec. 31, 2021 USD ($)	Nov. 30, 2021 USD ($)
Disclosure of detailed information about financial instruments [Line Items]
Short-term investments | ₱	₱ 383		₱ 2,241
Credit Suisse [Member]
Disclosure of detailed information about financial instruments [Line Items]
Withdrew from supply chain				$ 6,600
Fair value of short-term investments				3,400
Julius Baer [Member]
Disclosure of detailed information about financial instruments [Line Items]
Fair value of short-term investments		$ 4,500		$ 5,020
Short-term investments					$ 5,000

Financial Assets and Liabilit_5

Financial Assets and Liabilities - Summary of Consolidated Offsetting of Financial Assets and Liabilities (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current Financial Assets [Member] | Trade and Other Receivables [Member]
Schedule Of Offsetting Of Financial Assets And Financial Liabilities [Line Items]
Gross amounts of recognized financial assets and liabilities	₱ 5,652	₱ 7,423
Gross amounts of recognized financial assets set-off in the consolidated statements of financial position	4,433	5,976
Net amount presented in the consolidated statements of financial position	1,219	1,447
Current Financial Assets [Member] | Trade and Other Receivables [Member] | Foreign administrations [Member]
Schedule Of Offsetting Of Financial Assets And Financial Liabilities [Line Items]
Gross amounts of recognized financial assets and liabilities	5,160	6,916
Gross amounts of recognized financial assets set-off in the consolidated statements of financial position	4,236	5,696
Net amount presented in the consolidated statements of financial position	924	1,220
Current Financial Assets [Member] | Trade and Other Receivables [Member] | Domestic carriers [Member]
Schedule Of Offsetting Of Financial Assets And Financial Liabilities [Line Items]
Gross amounts of recognized financial assets and liabilities	492	507
Gross amounts of recognized financial assets set-off in the consolidated statements of financial position	197	280
Net amount presented in the consolidated statements of financial position	295	227
Current Financial Liabilities [Member] | Accounts payable [Member]
Schedule Of Offsetting Of Financial Assets And Financial Liabilities [Line Items]
Gross amounts of recognized financial assets and liabilities	103,429	101,261
Gross amounts of recognized financial assets and liabilities set-off in the consolidated statements of financial position	2,592	3,502
Net amount presented in the consolidated statements of financial position	100,837	97,759
Current Financial Liabilities [Member] | Accounts payable [Member] | Suppliers and contractors [Member]
Schedule Of Offsetting Of Financial Assets And Financial Liabilities [Line Items]
Gross amounts of recognized financial assets and liabilities	80,769	85,912
Gross amounts of recognized financial assets and liabilities set-off in the consolidated statements of financial position	44	9
Net amount presented in the consolidated statements of financial position	80,725	85,903
Current Financial Liabilities [Member] | Accounts payable [Member] | Carriers and other customers [Member]
Schedule Of Offsetting Of Financial Assets And Financial Liabilities [Line Items]
Gross amounts of recognized financial assets and liabilities	22,660	15,349
Gross amounts of recognized financial assets and liabilities set-off in the consolidated statements of financial position	2,548	3,493
Net amount presented in the consolidated statements of financial position	₱ 20,112	₱ 11,855

Financial Assets and Liabilit_6

Financial Assets and Liabilities - Additional Information (Detail)					6 Months Ended	12 Months Ended
	Mar. 22, 2022 PHP (₱)	Mar. 22, 2022 USD ($)	Aug. 02, 2016	Aug. 05, 2014	Mar. 31, 2023	Dec. 31, 2022 PHP (₱) USD ($)	Dec. 31, 2021 PHP (₱) USD ($)	Dec. 31, 2020 PHP (₱)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2019 PHP (₱)
Disclosure Of Financial Liabilities [Line Items]
Financial instruments subject to enforceable master netting arrangement						₱ 0	₱ 0
Transfers into of Level 3 of fair value hierarchy, investment properties						0	0
Transfers out of Level 3 of fair value hierarchy, investment properties						0	0
Financial liabilities fair value transfer into Level 3						0	0
Financial liabilities fair value transfer out of Level 3						0	0
Transfer of financial liabilities fair value from Level 1 to Level 2						0	0
Transfer of financial liabilities fair value from Level 2 to Level 1						0	0
Cash and cash equivalents						25,211,000,000	23,907,000,000	₱ 40,237,000,000			₱ 24,369,000,000
Short-term investments						383,000,000	2,241,000,000
Remaining commitment						33,000,000,000
Pledges as collaterals						₱ 0	0
Exchange rate						1
Net foreign exchange gains								1,488,000,000
Net foreign exchange loss						₱ 4,685,000,000	3,890,000,000
Percentage of increase or decrease in value of currency						0.33%
Net foreign exchange gain /loss on equity instrument						₱ 6,000,000
Increase in consolidated variable rate debt						101,590,000,000	91,166,000,000
Foreign exchange gains (losses) – net (Note 28)						₱ (4,685,000,000)	₱ (3,890,000,000)	₱ 1,488,000,000
Decrease in dividend payout			60%
Bottom of range [member]
Disclosure Of Financial Liabilities [Line Items]
Dividend Pay Out Rate				70%
Bottom of range [member] | Major Vendors [Member]
Disclosure Of Financial Liabilities [Line Items]
Percentage of capital expenditure requirements					80%
Top of range [member]
Disclosure Of Financial Liabilities [Line Items]
Dividend Pay Out Rate				75%
Floating Interest Rate [Member]
Disclosure Of Financial Liabilities [Line Items]
Percentage of consolidated debts with variable rates						41%	36%		41%	36%
Fixed Interest Rate [Member]
Disclosure Of Financial Liabilities [Line Items]
Percentage of consolidated debts with fixed rate						59%	64%		59%	64%
Foreign currency exchange risk [Member]
Disclosure Of Financial Liabilities [Line Items]
Exchange rate	54.52	1				1	1
Decrease in consolidated foreign currency-denominated financial liabilities						₱ 2,484,000,000
Percentage of consolidated debts						17%	16%
Decrease in consolidated foreign currency-denominated debt						₱ 41,894,000,000	₱ 40,439,000,000
Percentage of consolidated debts unhedged						7%	8%		7%	8%
Percentage of consolidated debts unhedged net of cash allocated for debt						5%	5%		5%	5%
Percentage of consolidated revenues denominated in U.S. dollars						17%	17%	18%	17%	17%
Percentage of consolidated expenses denominated in U.S. dollars						5%	7%	6%	5%	7%
Decrease in value of currency						9.52%			9.52%
Borrowings, interest rate basis						30
Percentage of exchange rate weaken/strengthen						60%
Foreign currency exchange risk [Member] | U.S. Dollars [Member]
Disclosure Of Financial Liabilities [Line Items]
Borrowings, interest rate basis						30
Increase decrease in profit after tax						₱ 104,000,000
Foreign exchange gains (losses) – net (Note 28)						₱ 44,000,000
Foreign currency exchange risk [Member] | Philippine Peso [Member]
Disclosure Of Financial Liabilities [Line Items]
Borrowings, interest rate basis						60
Increase decrease in profit after tax						₱ 14,000,000
Foreign exchange gains (losses) – net (Note 28)						0
Long-Term Currency Swap Contracts, Long-Term Foreign Currency Options and Short-Term Forwards Allocated for Debt [Member] | Foreign currency exchange risk [Member]
Disclosure Of Financial Liabilities [Line Items]
Aggregate notional amount | $									$ 441,000,000	$ 406,000,000
Interest Rate Swap Contract [Member]
Disclosure Of Financial Liabilities [Line Items]
Aggregate notional amount | $									$ 0	$ 11,000,000
Less than 1 year [Member]
Disclosure Of Financial Liabilities [Line Items]
Outstanding commercial commitments in the form of letters of credit						0	₱ 0
Other obligations [Member]
Disclosure Of Financial Liabilities [Line Items]
Various Trade And Other Obligations						₱ 178,219,000,000	₱ 179,484,000,000

Financial Assets and Liabilit_7

Financial Assets and Liabilities - Summary of Consolidated Carrying Values and Fair Values of Financial Assets and Liabilities (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Noncurrent Financial Assets
Debt instruments at amortized cost	₱ 596	₱ 400
Other financial assets – net of current portion	3,489	3,099
Total	3,851	3,067
Noncurrent Financial Liabilities
Long-term debt (Notes 28 and 29)	217,288	241,075
Customers' deposits	2,313	2,270
Total	203,459	244,568
Carrying Value [Member]
Noncurrent Financial Assets
Debt instruments at amortized cost	596	400
Other financial assets – net of current portion	3,489	3,099
Total	4,085	3,499
Noncurrent Financial Liabilities
Long-term debt (Notes 28 and 29)	217,288	241,075
Customers' deposits	2,313	2,270
Deferred credits and other noncurrent liabilities	363	398
Total	219,964	243,743
Fair Value [Member]
Noncurrent Financial Assets
Debt instruments at amortized cost	573	403
Other financial assets – net of current portion	3,278	2,664
Total	3,851	3,067
Noncurrent Financial Liabilities
Long-term debt (Notes 28 and 29)	201,703	242,545
Customers' deposits	1,449	1,619
Deferred credits and other noncurrent liabilities	307	404
Total	₱ 203,459	₱ 244,568

Financial Assets and Liabilit_8

Financial Assets and Liabilities - Summary of Consolidated Financial Assets and Liabilities Carried at Fair Value (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Noncurrent Financial Assets
Derivative financial assets – net of current portion	₱ 81	₱ 48
Current Financial Assets
Short-term investments	383	2,241
Current portion of derivative financial assets		93
Current portion of other financial assets	206	7,064
Total assets	56,653	59,188
Noncurrent Financial Liabilities
Derivative financial liabilities – net of current portion	190	100
Current Financial Liabilities
Current portion of derivative financial liabilities	960	115
Total liabilities	474,664	461,012
Fair Value [Member]
Noncurrent Financial Assets
Financial assets at FVPL	432	339
Derivative financial assets – net of current portion	81	48
Current Financial Assets
Short-term investments	254	255
Current portion of derivative financial assets		93
Current portion of other financial assets		6,856
Total assets	767	7,591
Noncurrent Financial Liabilities
Derivative financial liabilities – net of current portion	190	100
Current Financial Liabilities
Accrued expenses and other current liabilities		7,842
Current portion of derivative financial liabilities	960	115
Total liabilities	1,150	8,057
Fair Value [Member] | Level 2 [Member]
Noncurrent Financial Assets
Financial assets at FVPL	407	315
Derivative financial assets – net of current portion	81	48
Current Financial Assets
Short-term investments	254	255
Current portion of derivative financial assets		93
Current portion of other financial assets		6,856
Total assets	742	7,567
Noncurrent Financial Liabilities
Derivative financial liabilities – net of current portion	190	100
Current Financial Liabilities
Accrued expenses and other current liabilities		7,842
Current portion of derivative financial liabilities	960	115
Total liabilities	1,150	8,057
Fair Value [Member] | Level 3 [Member]
Noncurrent Financial Assets
Financial assets at FVPL	25	24
Current Financial Assets
Total assets	₱ 25	₱ 24

Financial Assets and Liabilit_9

Financial Assets and Liabilities - Summary of Derivative Financial Instruments (Detail)	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 PHP (₱)	Dec. 31, 2021 PHP (₱)	Dec. 31, 2022 PHP (₱)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 PHP (₱)
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	1	55.82
Net Mark-to- market Gains (Losses)		₱ (1,069,000,000)	₱ (74,000,000)
Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)		(881,000,000)	51,000,000
Transactions Not Designated As Hedges [Member] | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)		(360,000,000)	14,000,000
Transactions Not Designated As Hedges [Member] | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)		(521,000,000)	37,000,000
Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)		(188,000,000)	(125,000,000)
Transactions Designated As Hedges | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)		(265,000,000)	(178,000,000)
Transactions Designated As Hedges | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)		₱ 77,000,000	53,000,000
Termination Date Various Dates in January to May 2023 [Member] | US Dollar Liabilities [Member] | Various dates in July to December 2022 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 257,000,000
Trade Date	Various dates inJuly to December 2022	Various dates inJuly to December 2022
Underlying Transaction	U.S. Dollar Liabilities	U.S. Dollar Liabilities
Termination Date	Various dates inJanuary to May 2023	Various dates inJanuary to May 2023
Weighted Average Foreign Exchange Rate		57.16
Notional Amount | $	$ 257,000,000				$ 69,000,000
Net Mark-to- market Gains (Losses)		₱ (353,000,000)	17,000,000
Termination Date Various Dates in February to March 2023 [Member] | US Dollar Liabilities [Member] | Various dates in January 2023 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 96,000,000
Trade Date	Various dates in January 2023	Various dates in January 2023
Underlying Transaction	U.S. Dollar Liabilities	U.S. Dollar Liabilities
Termination Date	Various dates in Februaryto March 2023	Various dates in Februaryto March 2023
Weighted Average Foreign Exchange Rate		54.97
Termination Date Various Dates in April and May 2022 [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Transactions Not Designated As Hedges [Member] | Forward Exchange Options Capped Forward | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 6,000,000
Trade Date	Various dates in October 2021	Various dates in October 2021
Underlying Transaction	U.S. Dollar Liabilities	U.S. Dollar Liabilities
Termination Date	Various dates in April and May 2022	Various dates in April and May 2022
Weighted Average Foreign Exchange Rate		50.80
Notional Amount | $					6,000,000
Net Mark-to- market Gains (Losses)			(2,000,000)
Termination Date Various Dates in April and May 2022 [Member] | US Dollar Liabilities [Member] | Various Dates In November 2021 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts | Smart [Member] | Condition One
Disclosure of detailed information about financial instruments [Line Items]
Notional Amount | $					2,000,000
Termination Date Various Dates in April and May 2022 [Member] | US Dollar Liabilities [Member] | Various Dates In November 2021 [Member] | Transactions Not Designated As Hedges [Member] | Subsidized Forwards | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 52,000,000
Trade Date	Various dates in November 2021	Various dates in November 2021
Underlying Transaction	U.S. Dollar Liabilities	U.S. Dollar Liabilities
Termination Date	Various dates in April and May 2022	Various dates in April and May 2022
Weighted Average Foreign Exchange Rate		50.38
Termination Date Various Dates in April and May 2022 [Member] | US Dollar Liabilities [Member] | Various Dates In November 2021 [Member] | Transactions Not Designated As Hedges [Member] | Subsidized Forwards | Smart [Member] | Condition One
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate		51.65
Net Mark-to- market Gains (Losses)			(1,000,000)
Termination Date January 9, 2023 | US Dollar Liabilities [Member] | June 10, 2022 [Member] | Transactions Not Designated As Hedges [Member] | Foreign Exchange Options Seagull | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 7,000,000
Trade Date	June 10, 2022	June 10, 2022
Underlying Transaction	U.S. Dollar Liabilities	U.S. Dollar Liabilities
Termination Date	January 9, 2023	January 9, 2023
Weighted Average Foreign Exchange Rate		52.64
Notional Amount				₱ 7,000,000		₱ 4,000,000
Net Mark-to- market Gains (Losses)		₱ (7,000,000)	(1,000,000)
Termination Date January 9, 2023 | US Dollar Liabilities [Member] | June 10, 2022 [Member] | Transactions Not Designated As Hedges [Member] | Foreign Exchange Options Seagull | PLDT [Member] | Condition One
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate		52.96
Termination Date January 9, 2023 | US Dollar Liabilities [Member] | June 10, 2022 [Member] | Transactions Not Designated As Hedges [Member] | Foreign Exchange Options Seagull | PLDT [Member] | Condition Two
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate		54
Termination Date Various Dates in 2021 [Member] | US Dollar Liabilities [Member] | Various dates in 2020 and 2021 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 332,000,000
Trade Date	Various dates in 2020 and 2021	Various dates in 2020 and 2021
Underlying Transaction	U.S. Dollar Liabilities	U.S. Dollar Liabilities
Termination Date	Various dates in 2021	Various dates in 2021
Weighted Average Foreign Exchange Rate		49.03
Termination Date Various Dates in January 2022 to June 2023 | US Dollar Liabilities [Member] | Various dates in July to December 2022 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 369,000,000
Trade Date	Various dates in July to December 2022	Various dates in July to December 2022
Underlying Transaction	U.S. Dollar Liabilities	U.S. Dollar Liabilities
Termination Date	Various dates in January 2022to June 2023	Various dates in January 2022to June 2023
Weighted Average Foreign Exchange Rate		57.08
Notional Amount | $	$ 369,000,000				116,000,000
Net Mark-to- market Gains (Losses)		₱ (481,000,000)	40,000,000
Termination Date Various Dates in May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Transactions Not Designated As Hedges [Member] | Foreign Exchange Options Seagull | PLDT [Member] | Condition One
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.96	52.96
Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various Dates In November 2021 [Member] | Transactions Not Designated As Hedges [Member] | Subsidized Forwards | Smart [Member] | Condition Two
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	50.38	50.38
Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in November to December 2021 [Member] | Transactions Not Designated As Hedges [Member] | Seagull | Smart [Member] | Condition One
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	53.37	53.37
Termination Date Various Dates in February to July 2023 | US Dollar Liabilities [Member] | Various Dates in January and February 2023 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 157,000,000
Trade Date	Various dates in January and February 2023	Various dates in January and February 2023
Underlying Transaction	U.S. Dollar Liabilities	U.S. Dollar Liabilities
Termination Date	Various dates in February to July 2023	Various dates in February to July 2023
Weighted Average Foreign Exchange Rate		54.93
Termination Date Various Dates in October 2022 to February 2023 | US Dollar Liabilities [Member] | Various Dates in June 2022 [Member] | Transactions Not Designated As Hedges [Member] | Foreign Exchange Options Seagull | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 71,000,000
Trade Date	Various dates in June 2022	Various dates in June 2022
Underlying Transaction	U.S. Dollar Liabilities	U.S. Dollar Liabilities
Termination Date	Various dates in October 2022 to February 2023	Various dates in October 2022 to February 2023
Weighted Average Foreign Exchange Rate		52.82
Termination Date Various Dates in October 2022 to February 2023 | US Dollar Liabilities [Member] | Various Dates in June 2022 [Member] | Transactions Not Designated As Hedges [Member] | Foreign Exchange Options Seagull | Smart [Member] | Condition One
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate		53.37
Termination Date Various Dates in October 2022 to February 2023 | US Dollar Liabilities [Member] | Various Dates in June 2022 [Member] | Transactions Not Designated As Hedges [Member] | Foreign Exchange Options Seagull | Smart [Member] | Condition Two
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate		54.46
Notional Amount | $	$ 37,000,000				3,000,000
Net Mark-to- market Gains (Losses)		₱ 40,000,000	(2,000,000)
Termination Date February 25, 2022 [Member] | Hundred Term Loan [Member] | April and June 2015 [Member] | Transactions Designated As Hedges | Interest Rate Swap1 | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 150,000,000
Trade Date	April and June 2015	April and June 2015
Underlying Transaction	200 Term Loan	200 Term Loan
Termination Date	February 25, 2022	February 25, 2022
Weighted Average Hedge Cost	2.70%	2.70%
Notional Amount | $					11,000,000
Net Mark-to- market Gains (Losses)			(5,000,000)
Termination Date February 25, 2022 [Member] | US$200M MUFG Bank, Ltd. [Member] | November 2018 to August 2020 [Member] | Transactions Designated As Hedges | Long Term Currency Swaps | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 27,000,000
Trade Date	November 2018 to August 2020	November 2018 to August 2020
Underlying Transaction	200 MUFG Bank, Ltd.	200 MUFG Bank, Ltd.
Termination Date	February 25, 2022	February 25, 2022
Weighted Average Hedge Cost	2.15%	2.15%
Weighted Average Foreign Exchange Rate		50.78
Notional Amount | $					5,000,000
Net Mark-to- market Gains (Losses)			2,000,000
Termination Date January 23, 2031 [Member] | US Dollar Liabilities [Member] | Various dates in July 2020 and February to March 2021 [Member] | Transactions Designated As Hedges | Long Term Foreign Currency Options | PLDT [Member] | Condition One
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	49.61	49.61
Termination Date January 23, 2031 [Member] | Three Hundred M Notes Two Thousand Thirty One | Various dates in July 2020 and February to March 2021 [Member] | Transactions Designated As Hedges | Long Term Foreign Currency Options | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 290,000,000
Trade Date	Various dates inJuly 2020 and February to March 2021	Various dates inJuly 2020 and February to March 2021
Underlying Transaction	300M Notes 2031	300M Notes 2031
Termination Date	January 23, 2031	January 23, 2031
Weighted Average Hedge Cost	1.20%	1.20%
Weighted Average Foreign Exchange Rate		49.61
Notional Amount | $	$ 290,000,000				290,000,000
Net Mark-to- market Gains (Losses)		₱ (265,000,000)	(175,000,000)
Termination Date January 23, 2031 [Member] | Three Hundred M Notes Two Thousand Thirty One | Various dates in July 2020 and February to March 2021 [Member] | Transactions Designated As Hedges | Long Term Foreign Currency Options | PLDT [Member] | Condition One
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate		55.28
Termination Date December 7, 2021 [Member] | US$100M Mizuho [Member] | February 2016 [Member] | Transactions Designated As Hedges | Interest Rate Swap1 | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 30,000,000
Trade Date	February 2016	February 2016
Underlying Transaction	100 Mizuho	100 Mizuho
Termination Date	December 7, 2021	December 7, 2021
Weighted Average Hedge Cost	2.03%	2.03%
Termination Date December 7, 2021 [Member] | US$100M Mizuho [Member] | February 2019 [Member] | Transactions Designated As Hedges | Long Term Currency Swaps | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 6,000,000
Trade Date	February 2019	February 2019
Underlying Transaction	100 Mizuho	100 Mizuho
Termination Date	December 7, 2021	December 7, 2021
Weighted Average Hedge Cost	2.22%	2.22%
Weighted Average Foreign Exchange Rate		51.83
Termination Date December 7, 2022 [Member] | US$100M Mizuho [Member] | August 2020 [Member] | Transactions Designated As Hedges | Long Term Currency Swaps | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 6,000,000
Trade Date	August 2020	August 2020
Underlying Transaction	100 Mizuho	100 Mizuho
Termination Date	December 7, 2022	December 7, 2022
Weighted Average Hedge Cost	1.99%	1.99%
Weighted Average Foreign Exchange Rate		48.64
Notional Amount | $					3,000,000
Net Mark-to- market Gains (Losses)			9,000,000
Termination Date December 7, 2022 [Member] | US$100M Mizuho [Member] | August 2020 [Member] | Transactions Designated As Hedges | Long Term Currency Swaps | Smart [Member] | Condition One
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate		48
Termination Date December 13, 2030 [Member] | One Hundred and Forty PNB [Member] | February to April 2021 [Member] | Transactions Designated As Hedges | Long Term Foreign Currency Options | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount | $	$ 109,000,000
Trade Date	February to April 2021	February to April 2021
Underlying Transaction	140 PNB	140 PNB
Termination Date	December 13, 2030	December 13, 2030
Weighted Average Hedge Cost	1.63%	1.63%
Weighted Average Foreign Exchange Rate		53.34
Notional Amount | $	$ 88,000,000				$ 99,000,000
Net Mark-to- market Gains (Losses)		₱ 77,000,000	₱ 44,000,000

Financial Assets and Liabili_10

Financial Assets and Liabilities - Summary of Derivative Financial Instruments (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2022 PHP (₱) USD ($)	Dec. 31, 2021 PHP (₱)	Dec. 31, 2020 PHP (₱)
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	1
Net Mark-to- market Gains (Losses)	₱ (1,069,000,000)	₱ (74,000,000)
Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	(881,000,000)	51,000,000
Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	(188,000,000)	(125,000,000)
PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	(360,000,000)	14,000,000
PLDT [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	(265,000,000)	(178,000,000)
Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	(521,000,000)	37,000,000
Smart [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	77,000,000	53,000,000
Interest Rate Swap Contract [Member] | PLDT [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Mark-to-market loss/gain	0	1,000,000
Interest accrual	0	3,000,000
Hedge cost portion of the movements in the fair value	0	0	₱ 0
Interest Rate Swap Contract [Member] | Smart [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Mark-to-market loss/gain	0	0
Interest accrual	0	0
Hedge cost portion of the movements in the fair value	0	0	0
Long Term Currency Swaps | PLDT [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Mark-to-market loss/gain	0	4,000,000
Interest accrual	0	2,000,000
Hedge cost portion of the movements in the fair value	0	500,000	2,000,000
Long Term Currency Swaps | Smart [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Mark-to-market loss/gain	0	8,000,000
Interest accrual	0	201,000
Hedge cost portion of the movements in the fair value	₱ 0	309,000	1,000,000
Termination Date Various Dates in April and May 2022 [Member] | US Dollar Liabilities [Member] | Various Dates In November 2021 [Member] | Subsidized Forwards | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	50.38
Termination Date January 23, 2031 [Member] | Long Term Foreign Currency Options | PLDT [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Mark-to-market loss/gain	₱ 190,000,000	100,000,000
Interest accrual	75,000,000	75,000,000
Hedge cost portion of the movements in the fair value	4,000,000	89,000,000	₱ 26,000,000
Termination Date December 13, 2030 [Member] | Long Term Foreign Currency Options | Smart [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Mark-to-market loss/gain	81,000,000	48,000,000
Interest accrual	3,000,000	4,000,000
Hedge cost portion of the movements in the fair value	₱ 5,000,000	8,000,000
Condition One | Termination Date Various Dates in April and May 2022 [Member] | US Dollar Liabilities [Member] | Various Dates In November 2021 [Member] | Subsidized Forwards | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	51.65
Net Mark-to- market Gains (Losses)		₱ (1,000,000)
Condition One | Termination Date Various Dates in May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Foreign Exchange Options Seagull | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.96
Condition One | Termination Date Various Dates in May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Bottom of range [member] | Foreign Exchange Options Seagull | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.96
Condition One | Termination Date Various Dates in May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Top of range [member] | Foreign Exchange Options Seagull | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	54
Condition One | Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various Dates In November 2021 [Member] | Subsidized Forwards | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Exchange rate, description	Php50.38 plus the excess above Php51.65
Condition One | Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various Dates In November 2021 [Member] | Bottom of range [member] | Subsidized Forwards | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	51.65
Condition One | Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in November to December 2021 [Member] | Seagull | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	53.37
Condition One | Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in November to December 2021 [Member] | Bottom of range [member] | Seagull | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	53.37
Condition One | Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in November to December 2021 [Member] | Top of range [member] | Seagull | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	54.46
Condition One | Termination Date January 23, 2031 [Member] | US Dollar Liabilities [Member] | Various dates in July 2020 and February to March 2021 [Member] | Long Term Foreign Currency Options | PLDT [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	49.61
Condition One | Termination Date January 23, 2031 [Member] | US Dollar Liabilities [Member] | Various dates in July 2020 and February to March 2021 [Member] | Bottom of range [member] | Long Term Foreign Currency Options | PLDT [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	49.61
Condition One | Termination Date January 23, 2031 [Member] | US Dollar Liabilities [Member] | Various dates in July 2020 and February to March 2021 [Member] | Top of range [member] | Long Term Foreign Currency Options | PLDT [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	55.28
Condition One | Termination Date December 13, 2030 [Member] | US Dollar Liabilities [Member] | February To April Two Thousand Twenty One | Long Term Foreign Currency Options | Smart [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	48
Condition One | Termination Date December 13, 2030 [Member] | US Dollar Liabilities [Member] | February To April Two Thousand Twenty One | Bottom of range [member] | Long Term Foreign Currency Options | Smart [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	48
Condition One | Termination Date December 13, 2030 [Member] | US Dollar Liabilities [Member] | February To April Two Thousand Twenty One | Top of range [member] | Long Term Foreign Currency Options | Smart [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	53.34
Condition Two | Termination Date Various Dates in May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Foreign Exchange Options Seagull | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Exchange rate, description	Php52.96 plus the excess above Php54.00
Condition Two | Termination Date Various Dates in May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Bottom of range [member] | Foreign Exchange Options Seagull | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	54
Condition Two | Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various Dates In November 2021 [Member] | Subsidized Forwards | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	50.38
Condition Two | Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various Dates In November 2021 [Member] | Bottom of range [member] | Subsidized Forwards | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	51.65
Condition Two | Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various Dates In November 2021 [Member] | Top of range [member] | Subsidized Forwards | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	51.65
Condition Two | Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in November to December 2021 [Member] | Seagull | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Exchange rate, description	Php53.37 plus the excess above Php54.46
Condition Two | Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in November to December 2021 [Member] | Bottom of range [member] | Seagull | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	54.46
Condition Two | Termination Date January 23, 2031 [Member] | US Dollar Liabilities [Member] | Various dates in July 2020 and February to March 2021 [Member] | Long Term Foreign Currency Options | PLDT [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Foreign exchange rate subsidy	5.67
Condition Two | Termination Date January 23, 2031 [Member] | US Dollar Liabilities [Member] | Various dates in July 2020 and February to March 2021 [Member] | Bottom of range [member] | Long Term Foreign Currency Options | PLDT [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	55.28
Condition Two | Termination Date December 13, 2030 [Member] | US Dollar Liabilities [Member] | February To April Two Thousand Twenty One | Long Term Foreign Currency Options | Smart [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Foreign exchange rate subsidy	5.34
Condition Two | Termination Date December 13, 2030 [Member] | US Dollar Liabilities [Member] | February To April Two Thousand Twenty One | Bottom of range [member] | Long Term Foreign Currency Options | Smart [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	53.34
Condition Three | Termination Date Various Dates in May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Foreign Exchange Options Seagull | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.64
Condition Three | Termination Date Various Dates in May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Top of range [member] | Foreign Exchange Options Seagull | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.96
Condition Three | Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in November to December 2021 [Member] | Seagull | Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.82
Condition Three | Termination Date January 23, 2031 [Member] | US Dollar Liabilities [Member] | Various dates in July 2020 and February to March 2021 [Member] | Top of range [member] | Long Term Foreign Currency Options | PLDT [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	49.61
Condition Three | Termination Date December 13, 2030 [Member] | US Dollar Liabilities [Member] | February To April Two Thousand Twenty One | Top of range [member] | Long Term Foreign Currency Options | Smart [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	48

Financial Assets and Liabili_11

Financial Assets and Liabilities - Summary of Derivative Financial Instruments by Classification (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of fair value of credit derivative [abstract]
Non-current derivative financial assets	₱ 81	₱ 48
Current derivative financial assets		93
Noncurrent liabilities (Note 29)	(190)	(100)
Current liabilities (Note 29)	(960)	(115)
Net liabilities	₱ (1,069)	₱ (74)

Financial Assets and Liabili_12

Financial Assets and Liabilities - Summary of Movements of Consolidated Mark-to-Market Losses (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in fair value of credit derivative [abstract]
Net mark-to-market losses at beginning of the year	₱ (74)	₱ (514)
Gains on derivative financial instruments (Note 4)	2,572	1,651	₱ (284)
Settlements and interest expense	1,135	(169)
Effective portion recognized in the profit or loss for the cash flow hedges	(77)	(75)
Net fair value losses on cash flow hedges (Note 28)	(3,228)	(967)	(433)
Others	(1,397)
Net mark-to-market losses at end of the year	₱ (1,069)	₱ (74)	₱ (514)

Financial Assets and Liabili_13

Financial Assets and Liabilities - Summary of Analysis of Gains (Losses) on Derivative Financial Instruments (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net Gain Losses On Derivative Financial Instruments [Abstract]
Gains (losses) on derivative financial instruments (Note 4)	₱ 2,572	₱ 1,651	₱ (284)
Hedge costs	(250)	(251)	(94)
Net gains (losses) on derivative financial instruments (Notes 4 and 5)	₱ 2,322	₱ 1,400	₱ (378)

Financial Assets and Liabili_14

Financial Assets and Liabilities - Summary of Maturity Profile of Financial Assets Based on Consolidated Undiscounted Claims Outstanding (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Temporary cash investments (Note 28)	₱ 8,678	₱ 13,291
Short-term investments		207
Financial Asset [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Short-term investments	428	429
Financial instruments at FVPL:	860	7,624
Financial assets at fair value through profit or loss	432	339
Other financial assets		6,856
Total	54,464	63,052
Financial Asset [Member] | Financial instruments at amortized cost [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Financial instruments at amortized cost:	53,604	55,428
Other financial assets	4,285	3,919
Debt instruments at amortized cost	596	607
Temporary cash investments (Note 28)	8,678	13,291
Short-term investments	129	1,986
Retail subscribers	17,216	15,676
Corporate subscribers	15,151	13,079
Foreign administrations	1,058	1,341
Domestic carriers	296	241
Dealers, agents and others	6,195	5,288
Less than 1 year [Member] | Financial Asset [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Short-term investments	428	429
Financial instruments at FVPL:	428	7,285
Other financial assets		6,856
Total	49,357	58,602
Less than 1 year [Member] | Financial Asset [Member] | Financial instruments at amortized cost [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Financial instruments at amortized cost:	48,929	51,317
Other financial assets	206	208
Debt instruments at amortized cost		207
Temporary cash investments (Note 28)	8,678	13,291
Short-term investments	129	1,986
Retail subscribers	17,216	15,676
Corporate subscribers	15,151	13,079
Foreign administrations	1,058	1,341
Domestic carriers	296	241
Dealers, agents and others	6,195	5,288
1-3 years [Member] | Financial Asset [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Total	3,740	2,898
1-3 years [Member] | Financial Asset [Member] | Financial instruments at amortized cost [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Financial instruments at amortized cost:	3,740	2,898
Other financial assets	3,515	2,798
Debt instruments at amortized cost	225	100
3-5 years [Member] | Financial Asset [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Total	852	430
3-5 years [Member] | Financial Asset [Member] | Financial instruments at amortized cost [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Financial instruments at amortized cost:	852	430
Other financial assets	491	430
Debt instruments at amortized cost	361
Later than five years [member] | Financial Asset [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Financial instruments at FVPL:	432	339
Financial assets at fair value through profit or loss	432	339
Total	515	1,122
Later than five years [member] | Financial Asset [Member] | Financial instruments at amortized cost [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Financial instruments at amortized cost:	83	783
Other financial assets	73	483
Debt instruments at amortized cost	₱ 10	₱ 300

Financial Assets and Liabili_15

Financial Assets and Liabilities - Summary of Maturity Profile of Financial Liabilities Based on Consolidated Contractual Undiscounted Obligations Outstanding (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Debt(1):	₱ 320,907	₱ 331,933
Principal	251,859	255,414
Interest	69,048	76,519
Lease obligations	62,216	30,770
Trade and other payables undiscounted cash flows	178,219	179,484
Total contractual obligations	561,342	542,187
Suppliers and contractors liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	81,041	86,203
Utilities and Related Expenses Liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	63,613	62,989
Employee benefits liability [member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	6,615	9,090
Liability From Redemption Of Preferred Shares [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows		7,842
Customers deposits liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	2,313	2,270
Dividends Payable [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	1,821	1,708
Carriers and other customers liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	1,745	1,469
Others [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	21,071	7,913
Less than 1 year [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Debt(1):	30,001	7,681
Principal	29,203	7,649
Interest	798	32
Lease obligations	14,658	11,609
Trade and other payables undiscounted cash flows	175,539	176,816
Total contractual obligations	220,198	196,106
Less than 1 year [Member] | Suppliers and contractors liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	80,725	85,903
Less than 1 year [Member] | Utilities and Related Expenses Liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	63,609	62,988
Less than 1 year [Member] | Employee benefits liability [member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	6,615	9,090
Less than 1 year [Member] | Liability From Redemption Of Preferred Shares [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows		7,842
Less than 1 year [Member] | Dividends Payable [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	1,821	1,708
Less than 1 year [Member] | Carriers and other customers liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	1,745	1,469
Less than 1 year [Member] | Others [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	21,024	7,816
1-3 years [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Debt(1):	65,159	77,865
Principal	37,885	48,404
Interest	27,274	29,461
Lease obligations	13,504	9,004
Trade and other payables undiscounted cash flows	610	667
Total contractual obligations	79,273	87,536
1-3 years [Member] | Suppliers and contractors liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	307	292
1-3 years [Member] | Utilities and Related Expenses Liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	4	1
1-3 years [Member] | Customers deposits liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	252	277
1-3 years [Member] | Others [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	47	97
3-5 years [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Debt(1):	55,632	53,026
Principal	41,593	37,552
Interest	14,039	15,474
Lease obligations	10,591	4,523
Trade and other payables undiscounted cash flows	38	54
Total contractual obligations	66,261	57,603
3-5 years [Member] | Suppliers and contractors liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	9	8
3-5 years [Member] | Customers deposits liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	29	46
Later than five years [member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Debt(1):	170,115	193,361
Principal	143,178	161,809
Interest	26,937	31,552
Lease obligations	23,463	5,634
Trade and other payables undiscounted cash flows	2,032	1,947
Total contractual obligations	195,610	200,942
Later than five years [member] | Customers deposits liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	₱ 2,032	₱ 1,947

Financial Assets and Liabili_16

Financial Assets and Liabilities - Summary of Future Minimum Lease Commitments Payable with Non-cancellable Operating Leases (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Operating Lease By Lessee [Line Items]
Future minimum lease commitments payable with non-cancellable operating leases	₱ 62,216	₱ 30,770
Within 12 months [Member]
Disclosure Of Operating Lease By Lessee [Line Items]
Future minimum lease commitments payable with non-cancellable operating leases	14,658	11,609
Later than one year and not later than five years [Member]
Disclosure Of Operating Lease By Lessee [Line Items]
Future minimum lease commitments payable with non-cancellable operating leases	24,095	13,527
More than five years [Member]
Disclosure Of Operating Lease By Lessee [Line Items]
Future minimum lease commitments payable with non-cancellable operating leases	₱ 23,463	₱ 5,634

Financial Assets and Liabili_17

Financial Assets and Liabilities - Summary of Impact of Hedging Instruments (Detail) ₱ in Millions	12 Months Ended
	Dec. 31, 2022 PHP (₱) USD ($)	Dec. 31, 2021 PHP (₱) USD ($)
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Notional Amount | $		11
Carrying Amount		₱ (5)
Current Portion Of Derivative Financial Assets [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Carrying Amount		₱ 21
Line item in our Consolidated Statements of Financial Position	Current portion of derivative financial assets	Current portion of derivative financial assets
Current Portion of Derivative Financial Liabilities [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Carrying Amount		₱ (26)
Line item in our Consolidated Statements of Financial Position	Current portion of derivative financial liabilities	Current portion of derivative financial liabilities
Interest Rate Swap1
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Notional Amount | $		11
Line item in our Consolidated Statements of Financial Position	Derivative financial assets – net of current portion	Derivative financial assets – net of current portion
Foreign currency exchange risk [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Notional Amount | $		397
Carrying Amount	₱ (109)	₱ (39)
Foreign currency exchange risk [Member] | Long Term Currency Swaps
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Notional Amount | $		8
Line item in our Consolidated Statements of Financial Position		Derivative financial assets – net of current portion
Foreign currency exchange risk [Member] | Current Portion Of Derivative Financial Assets [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Carrying Amount		₱ 15
Line item in our Consolidated Statements of Financial Position		Current portion of derivative financial assets
Foreign currency exchange risk [Member] | Current Portion of Derivative Financial Liabilities [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Carrying Amount		₱ (2)
Line item in our Consolidated Statements of Financial Position		Current portion of derivative financial liabilities
Foreign currency exchange risk [Member] | Long Term Foreign Currency Options
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Notional Amount | $	378	389
Carrying Amount	₱ 81	₱ 48
Line item in our Consolidated Statements of Financial Position	Derivative financial assets – net of current portion	Derivative financial assets – net of current portion
Foreign currency exchange risk [Member] | Derivative Financial Liabilities – Net of Current Portion [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Carrying Amount	₱ (190)	₱ (100)
Line item in our Consolidated Statements of Financial Position	Derivative financial liabilities – net of current portion	Derivative financial liabilities – net of current portion

Financial Assets and Liabili_18

Financial Assets and Liabilities - Summary of Impact of Hedged Items on Consolidated Statements of Financial Position (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
US$200M MUFG Bank, Ltd. [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Cash flow hedge reserve		₱ (1)
Interest rate risk [member] | PLDT [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Cash flow hedge reserve	₱ (3,288)	(1,303)
Cost of hedging reserve	75	77
Interest rate risk [member] | Smart [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Cash flow hedge reserve	28	(438)
Cost of hedging reserve	3	4
Interest rate risk [member] | US$300M Term Loan [Member] | PLDT [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Cash flow hedge reserve		(273)
Interest rate risk [member] | US$100M PNB [Member] | PLDT [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Cash flow hedge reserve		(11)
Interest rate risk [member] | US$200M MUFG Bank, Ltd. [Member] | PLDT [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Cash flow hedge reserve		(8)
Cost of hedging reserve		2
Interest rate risk [member] | US$300M Notes 2031 [Member] | PLDT [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Cash flow hedge reserve	(3,288)	(1,011)
Cost of hedging reserve	75	75
Interest rate risk [member] | US$100M Mizuho [Member] | Smart [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Cash flow hedge reserve		(9)
Interest rate risk [member] | US$140M PNB [Member] | Smart [Member]
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Cash flow hedge reserve	28	(429)
Cost of hedging reserve	₱ 3	₱ 4

Financial Assets And Liabili_19

Financial Assets And Liabilities - Summary of Effect of the Cash Flow Hedge in Consolidated Statements of Financial Position and Statements of Other Comprehensive Income (Detail) - Foreign currency exchange risk [Member] - Cash Flow Hedges Member [Member] - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Hedge Accounting [Line Items]
Total hedging loss recognized in OCI	₱ (3,260)	₱ (1,741)
Long Term Currency Swaps
Disclosure Of Hedge Accounting [Line Items]
Total hedging loss recognized in OCI		₱ (301)
Line item in our Consolidated Statements of Financial Position		Other comprehensive loss
Long Term Foreign Currency Options
Disclosure Of Hedge Accounting [Line Items]
Total hedging loss recognized in OCI	₱ (3,260)	₱ (1,440)
Line item in our Consolidated Statements of Financial Position	Other comprehensive loss	Other comprehensive loss

Financial Assets and Liabili_20

Financial Assets and Liabilities - Summary of Consolidated Foreign Currency-denominated Monetary Financial Assets and Liabilities (Detail) ₱ in Millions, $ in Millions	Dec. 31, 2022 PHP (₱)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 PHP (₱)	Dec. 31, 2021 USD ($)
Noncurrent Financial Assets
Derivative financial assets – net of current portion	₱ 81		₱ 48
Other financial assets – net of current portion	3,489		3,099
Total	3,851		3,067
Current Financial Assets
Current portion of derivative financial assets			93
Current portion of debt instruments at amortized cost			207
Current portion of other financial assets	206		7,064
Total assets	56,653		59,188
Noncurrent Financial Liabilities
Interest-bearing financial liabilities - net of current portion (Note 21)	217,288		241,075
Derivative financial liabilities – net of current portion (Note 28)	190		100
Total	203,459		244,568
Current Financial Liabilities
Current portion of interest-bearing financial liabilities	32,292		11,482
Current portion of derivative financial liabilities (Note 28)	960		115
Total liabilities	474,664		461,012
Foreign currency denominated monetary financial assets [Member]
Noncurrent Financial Assets
Derivative financial assets – net of current portion	81	$ 1	48	$ 1
Other financial assets – net of current portion	1		19
Total	82	1	67	1
Current Financial Assets
Cash and cash equivalents	16,002	287	7,466	146
Short-term investments	254	5	254	5
Trade and other receivables – net	7,385	132	7,218	142
Current portion of derivative financial assets			93	2
Current portion of debt instruments at amortized cost			207	4
Current portion of other financial assets	12
Total current financial assets	23,653	424	15,238	299
Total assets	23,735	425	15,305	300
Noncurrent Financial Liabilities
Interest-bearing financial liabilities - net of current portion (Note 21)	40,153	719	38,648	758
Derivative financial liabilities – net of current portion (Note 28)	190	3	100	2
Other noncurrent liabilities	27		23
Total	40,370	723	38,771	760
Current Financial Liabilities
Accounts payable	74,720	1,339	58,599	1,150
Accrued expenses and other current liabilities	12,184	218	12,164	239
Current portion of interest-bearing financial liabilities	2,165	39	2,252	44
Current portion of derivative financial liabilities (Note 28)	960	17	115	2
Total current financial liabilities	90,029	1,613	73,130	1,435
Total liabilities	₱ 130,399	$ 2,336	₱ 111,901	$ 2,195

Financial Assets and Liabili_21

Financial Assets and Liabilities - Summary of Consolidated Foreign Currency-denominated Monetary Financial Assets and Liabilities (Parenthetical) (Detail)			12 Months Ended
	Mar. 22, 2022 PHP (₱)	Mar. 22, 2022 USD ($)	Dec. 31, 2022 PHP (₱)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 PHP (₱)	Dec. 31, 2021 USD ($)
Disclosure Of Pre Tax Exposure To Foreign Currency Exchange Risk On Financial Instruments [Line Items]
Exchange rate			55.82	1
Foreign currency exchange risk [Member]
Disclosure Of Pre Tax Exposure To Foreign Currency Exchange Risk On Financial Instruments [Line Items]
Exchange rate	54.52	1	55.82	1	50.97	1

Financial Assets And Liabili_22

Financial Assets And Liabilities - Summary of Effect of the Cash Flow Hedge in Consolidated Statements of Financial Position (Detail) - Interest Rate Swap1 - Cash Flow Hedges Member [Member] - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Hedge Accounting [Line Items]
Total hedging loss recognized in OCI		₱ (1)
Line item in our Consolidated Statements of Financial Position	Other comprehensive loss	Other comprehensive loss

Financial Assets and Liabili_23

Financial Assets and Liabilities - Summary of Carrying Amounts, by Maturity, of Financial Instruments that are Expected to Have Exposure on Interest Rate Risk (Detail) ₱ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 PHP (₱)	Dec. 31, 2021 PHP (₱)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	₱ 56,653	₱ 59,188
Total liabilities | ₱	474,664	461,012
Fair Value [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	767	7,591
Total liabilities | ₱	1,150	8,057
Costs [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	71,078	73,809
Interest rate risk [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			$ 314	$ 414
Total liabilities	251,859		4,512	5,010
Interest rate risk [member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities		191		4
Interest rate risk [member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities	106,018	132,285	1,899	2,595
Interest rate risk [member] | Philippine Peso [Member] | Short-term Debt
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities	10,000		179
Interest rate risk [member] | Debt Instruments at Amortized Cost [Member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		207		4
Interest rate risk [member] | Debt Instruments at Amortized Cost [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	596	400	11	8
Interest rate risk [member] | Cash In Bank | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	1,264	152	23	3
Interest rate risk [member] | Cash In Bank | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	6,863	5,068	123	99
Interest rate risk [member] | Temporary Cash Investments | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	7,092	2,676	127	53
Interest rate risk [member] | Temporary Cash Investments | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	1,586	10,615	28	208
Interest rate risk [member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	17,530	21,104		39
Interest rate risk [member] | Short Term Investments1 | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	₱ 129	1,986	2
Interest rate risk [member] | Total Assets Excluding Short Term Investments [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱		₱ 255,414
Interest rate risk [member] | Less than 1 year [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			303	406
Total liabilities			523	150
Interest rate risk [member] | Less than 1 year [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				$ 4
Interest rate		2.885%		2.885%
Interest rate risk [member] | Less than 1 year [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			319	$ 120
Interest rate risk [member] | Less than 1 year [Member] | Philippine Peso [Member] | Short-term Debt
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			$ 179
Interest rate risk [member] | Less than 1 year [Member] | Philippine Peso [Member] | Bottom of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	3.95%	4.55%	3.95%	4.55%
Interest rate risk [member] | Less than 1 year [Member] | Philippine Peso [Member] | Bottom of range [member] | Short-term Debt
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	2.60%		2.60%
Interest rate risk [member] | Less than 1 year [Member] | Philippine Peso [Member] | Top of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	4%	5.40%	4%	5.40%
Interest rate risk [member] | Less than 1 year [Member] | Philippine Peso [Member] | Top of range [member] | Short-term Debt
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	5.16%		5.16%
Interest rate risk [member] | Less than 1 year [Member] | Debt Instruments at Amortized Cost [Member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets				$ 4
Interest rate		2%
Interest rate risk [member] | Less than 1 year [Member] | Cash In Bank | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			$ 23	3
Interest rate risk [member] | Less than 1 year [Member] | Cash In Bank | U.S. Dollars [Member] | Bottom of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	0.05%	0.05%
Interest rate risk [member] | Less than 1 year [Member] | Cash In Bank | U.S. Dollars [Member] | Top of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	1%	0.50%
Interest rate risk [member] | Less than 1 year [Member] | Cash In Bank | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			123	99
Interest rate risk [member] | Less than 1 year [Member] | Cash In Bank | Philippine Peso [Member] | Bottom of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	0.05%	0.05%
Interest rate risk [member] | Less than 1 year [Member] | Cash In Bank | Philippine Peso [Member] | Top of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	1.50%	1%
Interest rate risk [member] | Less than 1 year [Member] | Temporary Cash Investments | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			127	53
Interest rate risk [member] | Less than 1 year [Member] | Temporary Cash Investments | U.S. Dollars [Member] | Bottom of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	3.50%	0.05%
Interest rate risk [member] | Less than 1 year [Member] | Temporary Cash Investments | U.S. Dollars [Member] | Top of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	4.75%	0.20%
Interest rate risk [member] | Less than 1 year [Member] | Temporary Cash Investments | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			28	208
Interest rate risk [member] | Less than 1 year [Member] | Temporary Cash Investments | Philippine Peso [Member] | Bottom of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	2.80%	0.20%
Interest rate risk [member] | Less than 1 year [Member] | Temporary Cash Investments | Philippine Peso [Member] | Top of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	5%	1.99%
Interest rate risk [member] | Less than 1 year [Member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets				39
Interest rate risk [member] | Less than 1 year [Member] | Short Term Investments1 | Bottom of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate		0.50%
Interest rate risk [member] | Less than 1 year [Member] | Short Term Investments1 | Top of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate		1.99%
Interest rate risk [member] | Less than 1 year [Member] | Short Term Investments1 | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			2
Interest rate risk [member] | Less than 1 year [Member] | Short Term Investments1 | Philippine Peso [Member] | Bottom of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	0.50%
Interest rate risk [member] | Less than 1 year [Member] | Short Term Investments1 | Philippine Peso [Member] | Top of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	2%
Interest rate risk [member] | 1-2 years [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			4
Total liabilities			270	631
Interest rate risk [member] | 1-2 years [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			$ 124	$ 519
Interest rate risk [member] | 1-2 years [Member] | Philippine Peso [Member] | Bottom of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	3.95%	3.90%	3.95%	3.90%
Interest rate risk [member] | 1-2 years [Member] | Philippine Peso [Member] | Top of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	5.156%	6.3457%	5.156%	6.3457%
Interest rate risk [member] | 1-2 years [Member] | Debt Instruments at Amortized Cost [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			$ 4
Interest rate risk [member] | 1-2 years [Member] | Debt Instruments at Amortized Cost [Member] | Philippine Peso [Member] | Bottom of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	2.375%
Interest rate risk [member] | 1-2 years [Member] | Debt Instruments at Amortized Cost [Member] | Philippine Peso [Member] | Top of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	2.90%
Interest rate risk [member] | 2-3 years [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			1	$ 2
Total liabilities			409	319
Interest rate risk [member] | 2-3 years [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			$ 340	$ 185
Interest rate risk [member] | 2-3 years [Member] | Philippine Peso [Member] | Bottom of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	4%	4%	4%	4%
Interest rate risk [member] | 2-3 years [Member] | Philippine Peso [Member] | Top of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	5.35%	6.3457%	5.35%	6.3457%
Interest rate risk [member] | 2-3 years [Member] | Debt Instruments at Amortized Cost [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			$ 1	$ 2
Interest rate	4.25%	2.375%
Interest rate risk [member] | 3-5 years [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			6
Total liabilities			745	736
Interest rate risk [member] | 3-5 years [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			$ 576	$ 649
Interest rate risk [member] | 3-5 years [Member] | Philippine Peso [Member] | Bottom of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	4%	4%	4%	4%
Interest rate risk [member] | 3-5 years [Member] | Philippine Peso [Member] | Top of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	5.35%	6.3457%	5.35%	6.3457%
Interest rate risk [member] | 3-5 years [Member] | Debt Instruments at Amortized Cost [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			$ 6
Interest rate risk [member] | 3-5 years [Member] | Debt Instruments at Amortized Cost [Member] | Philippine Peso [Member] | Bottom of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	4.625%
Interest rate risk [member] | 3-5 years [Member] | Debt Instruments at Amortized Cost [Member] | Philippine Peso [Member] | Top of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	6.25%
Interest rate risk [member] | Later than five years [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets				$ 6
Total liabilities			2,565	3,174
Interest rate risk [member] | Later than five years [member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			$ 540	$ 1,122
Interest rate risk [member] | Later than five years [member] | Philippine Peso [Member] | Bottom of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	4%	4.2588%	4%	4.2588%
Interest rate risk [member] | Later than five years [member] | Philippine Peso [Member] | Top of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	5.20%	6.3457%	5.20%	6.3457%
Interest rate risk [member] | Later than five years [member] | Debt Instruments at Amortized Cost [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			$ 0	$ 6
Interest rate	6.50%	4.625%
Interest rate risk [member] | Floating Interest Rate [Member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				202
Interest rate risk [member] | Floating Interest Rate [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				1,609
Interest rate risk [member] | Floating Interest Rate [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱		₱ 82,025
Interest rate risk [member] | Floating Interest Rate [Member] | Less than 1 year [Member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				26
Borrowings, interest rate basis		0.7900%to 0.9500% over LIBOR
Interest rate risk [member] | Floating Interest Rate [Member] | 1-2 years [Member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				53
Borrowings, interest rate basis		1.0500% over LIBOR
Interest rate risk [member] | Floating Interest Rate [Member] | 1-2 years [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				59
Borrowings, interest rate basis		0.5000%to 0.9000% over PHP BVAL/0.2500% over TDF(floor rate 3.9000% to 4.5000%)
Interest rate risk [member] | Floating Interest Rate [Member] | 2-3 years [Member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				39
Borrowings, interest rate basis		1.0500% over LIBOR
Interest rate risk [member] | Floating Interest Rate [Member] | 2-3 years [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				95
Borrowings, interest rate basis		0.5000%to 0.9000% over PHP BVAL/0.2500% over TDF (floor rate 3.9000% to 4.5000%)
Interest rate risk [member] | Floating Interest Rate [Member] | 3-5 years [Member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				28
Borrowings, interest rate basis		1.0500% over LIBOR
Interest rate risk [member] | Floating Interest Rate [Member] | 3-5 years [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				59
Borrowings, interest rate basis		0.6000%to 0.9000% over PHP BVAL/ 0.2500% over TDF (floor rate 3.9000% to 4.5000%)
Interest rate risk [member] | Floating Interest Rate [Member] | Later than five years [member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				56
Borrowings, interest rate basis		1.0500% over LIBOR
Interest rate risk [member] | Floating Interest Rate [Member] | Later than five years [member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				1,396
Borrowings, interest rate basis		0.6000%to 0.9000% over PHP BVAL/0.2500% over TDF (floor rate 3.9000% to 4.5000%)
Interest rate risk [member] | Fair Value [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	₱ 17,507		313	414
Total liabilities	233,995		4,192	4,983
Interest rate risk [member] | Fair Value [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities		₱ 193		4
Interest rate risk [member] | Fair Value [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities	97,327	131,039	1,744	2,571
Interest rate risk [member] | Fair Value [Member] | Philippine Peso [Member] | Short-term Debt
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities	10,000		179
Interest rate risk [member] | Fair Value [Member] | Debt Instruments at Amortized Cost [Member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		207		4
Interest rate risk [member] | Fair Value [Member] | Debt Instruments at Amortized Cost [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	573	403	10	8
Interest rate risk [member] | Fair Value [Member] | Cash In Bank | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	1,264	152	23	3
Interest rate risk [member] | Fair Value [Member] | Cash In Bank | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	6,863	5,068	123	99
Interest rate risk [member] | Fair Value [Member] | Temporary Cash Investments | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	7,092	2,676	127	53
Interest rate risk [member] | Fair Value [Member] | Temporary Cash Investments | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	1,586	10,615	28	208
Interest rate risk [member] | Fair Value [Member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		21,107		39
Interest rate risk [member] | Fair Value [Member] | Short Term Investments1 | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	129	1,986	2
Interest rate risk [member] | Fair Value [Member] | Total Assets Excluding Short Term Investments [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱		254,027
Interest rate risk [member] | Fair Value [Member] | Floating Interest Rate [Member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities				202
Interest rate risk [member] | Fair Value [Member] | Floating Interest Rate [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities		82,025		1,609
Interest rate risk [member] | U S Dollar Notes | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities	₱ 33,489	₱ 30,584	600	600
Interest rate risk [member] | U S Dollar Notes | Later than five years [member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			$ 600	$ 600
Interest rate risk [member] | U S Dollar Notes | Later than five years [member] | U.S. Dollars [Member] | Bottom of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	2.50%		2.50%
Interest rate risk [member] | U S Dollar Notes | Later than five years [member] | U.S. Dollars [Member] | Bottom of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate		2.50%		2.50%
Interest rate risk [member] | U S Dollar Notes | Later than five years [member] | U.S. Dollars [Member] | Top of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate	3.45%	3.45%	3.45%	3.45%
Interest rate risk [member] | U S Dollar Notes | Fair Value [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities	₱ 24,316	₱ 30,441	$ 435	$ 597
Interest rate risk [member] | U S Dollar Debts | Floating Interest Rate [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities	9,042	10,329	162
Interest rate risk [member] | U S Dollar Debts | Floating Interest Rate [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities	₱ 93,310		1,672
Interest rate risk [member] | U S Dollar Debts | Floating Interest Rate [Member] | Less than 1 year [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			25
Borrowings, interest rate basis	LIBOR + 1.0500%
Interest rate risk [member] | U S Dollar Debts | Floating Interest Rate [Member] | 1-2 years [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			53
Borrowings, interest rate basis	LIBOR + 1.0500%
Interest rate risk [member] | U S Dollar Debts | Floating Interest Rate [Member] | 1-2 years [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			93
Borrowings, interest rate basis	0.5000%to 1.0000% over PHP BVAL(floor rate 4.5000% to 4.6250%)
Interest rate risk [member] | U S Dollar Debts | Floating Interest Rate [Member] | 2-3 years [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			14
Borrowings, interest rate basis	LIBOR + 1.0500%
Interest rate risk [member] | U S Dollar Debts | Floating Interest Rate [Member] | 2-3 years [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			55
Borrowings, interest rate basis	0.6000%to 1.0000% over PHP BVAL (floor rate 4.5000% to 4.6250%)
Interest rate risk [member] | U S Dollar Debts | Floating Interest Rate [Member] | 3-5 years [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			28
Borrowings, interest rate basis	LIBOR + 1.0500%
Interest rate risk [member] | U S Dollar Debts | Floating Interest Rate [Member] | 3-5 years [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			141
Borrowings, interest rate basis	0.6000%to 1.0000% over PHP BVAL (floor rate 4.5000% to 4.6250%)
Interest rate risk [member] | U S Dollar Debts | Floating Interest Rate [Member] | Later than five years [member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			42
Borrowings, interest rate basis	LIBOR + 1.0500%
Interest rate risk [member] | U S Dollar Debts | Floating Interest Rate [Member] | Later than five years [member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities			1,383
Borrowings, interest rate basis	0.6000%to 1.0000% over PHP BVAL (floor rate 4.5000% to 4.6250%)
Interest rate risk [member] | U S Dollar Debts | Fair Value [Member] | Floating Interest Rate [Member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱		10,329
Interest rate risk [member] | U S Dollar Debts | Fair Value [Member] | Floating Interest Rate [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities	₱ 9,042		162
Interest rate risk [member] | U S Dollar Debts | Fair Value [Member] | Floating Interest Rate [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities	93,310		$ 1,672
Interest rate risk [member] | Debt Issuance ​Cost [​Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱	2,279
Interest rate risk [member] | Debt Issuance ​Cost [​Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱	919	1,056
Interest rate risk [member] | Debt Issuance ​Cost [​Member] | Total Assets Excluding Short Term Investments [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱		2,857
Interest rate risk [member] | Debt Issuance ​Cost [​Member] | Floating Interest Rate [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱		1,136
Interest rate risk [member] | Debt Issuance ​Cost [​Member] | U S Dollar Notes | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱	597	613
Interest rate risk [member] | Debt Issuance ​Cost [​Member] | U S Dollar Debts | Floating Interest Rate [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱	40	52
Interest rate risk [member] | Debt Issuance ​Cost [​Member] | U S Dollar Debts | Floating Interest Rate [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱	723
Interest rate risk [member] | Costs [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱	249,580
Interest rate risk [member] | Costs [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱		191
Interest rate risk [member] | Costs [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱	105,099	131,229
Interest rate risk [member] | Costs [Member] | Philippine Peso [Member] | Short-term Debt
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱	10,000
Interest rate risk [member] | Costs [Member] | Debt Instruments at Amortized Cost [Member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱		207
Interest rate risk [member] | Costs [Member] | Debt Instruments at Amortized Cost [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	596	400
Interest rate risk [member] | Costs [Member] | Cash In Bank | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	1,264	152
Interest rate risk [member] | Costs [Member] | Cash In Bank | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	6,863	5,068
Interest rate risk [member] | Costs [Member] | Temporary Cash Investments | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	7,092	2,676
Interest rate risk [member] | Costs [Member] | Temporary Cash Investments | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	1,586	10,615
Interest rate risk [member] | Costs [Member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	17,530	21,104
Interest rate risk [member] | Costs [Member] | Short Term Investments1 | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	129	1,986
Interest rate risk [member] | Costs [Member] | Total Assets Excluding Short Term Investments [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱		252,557
Interest rate risk [member] | Costs [Member] | Floating Interest Rate [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱		80,889
Interest rate risk [member] | Costs [Member] | U S Dollar Notes | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱	32,892	29,971
Interest rate risk [member] | Costs [Member] | U S Dollar Debts | Floating Interest Rate [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱	9,002	₱ 10,277
Interest rate risk [member] | Costs [Member] | U S Dollar Debts | Floating Interest Rate [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total liabilities | ₱	₱ 92,587

Financial Assets and Liabili_24

Financial Assets and Liabilities - Summary of Gross Carrying Amount of Financial Assets Not Subject to Impairment (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Financial Assets [Line Items]
Total assets	₱ 56,653	₱ 59,188
Credit risk [member]
Disclosure Of Financial Assets [Line Items]
Financial assets at fair value through profit or loss	432	339
Total assets	513	480
Derivative Financial Assets – Net of Current Portion [Member] | Credit risk [member]
Disclosure Of Financial Assets [Line Items]
Financial assets at fair value through profit or loss	₱ 81	48
Current Portion Of Derivative Financial Assets [Member] | Credit risk [member]
Disclosure Of Financial Assets [Line Items]
Financial assets at fair value through profit or loss		₱ 93

Financial Assets and Liabili_25

Financial Assets and Liabilities - Summary of Maximum Exposure to Credit Risk of Financial Assets Subject to Impairment (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Less allowance	₱ 14,425	₱ 14,621
Carrying amount	55,886	51,597
Costs [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	70,311	66,218
High Grade [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	41,708	38,431
Standard Grade [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	4,748	4,672
Substandard Grade [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	9,430	8,494
Default [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	14,425	14,621
Stage 1 12-Month ECL [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Less allowance	764	786
Carrying amount	29,631	29,807
Stage 1 12-Month ECL [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	30,395	30,593
Stage 1 12-Month ECL [Member] | High Grade [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	29,328	29,251
Stage 1 12-Month ECL [Member] | Standard Grade [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	303	556
Stage 1 12-Month ECL [Member] | Default [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	764	786
Stage 2 Lifetime ECL [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Less allowance	4,236	3,038
Carrying amount	26,255	21,790
Stage 2 Lifetime ECL [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	30,491	24,828
Stage 2 Lifetime ECL [Member] | High Grade [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	12,380	9,180
Stage 2 Lifetime ECL [Member] | Standard Grade [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	4,445	4,116
Stage 2 Lifetime ECL [Member] | Substandard Grade [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	9,430	8,494
Stage 2 Lifetime ECL [Member] | Default [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	4,236	3,038
Stage 3 Lifetime ECL [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Less allowance	9,425	10,797
Stage 3 Lifetime ECL [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	9,425	10,797
Stage 3 Lifetime ECL [Member] | Default [Member]
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Credit exposure	₱ 9,425	₱ 10,797

Financial Assets and Liabili_26

Financial Assets and Liabilities - Summary of Maximum Exposure to Credit Risk (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	₱ 56,148	₱ 58,675
Collateral and Other Credit Enhancements*	505	513
Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	56,653	59,188
Financial assets at amortised cost, category [member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	55,381	51,084
Collateral and Other Credit Enhancements*	505	513
Financial assets at amortised cost, category [member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	55,886	51,597
Financial assets at amortised cost, category [member] | Debt Instruments at Amortized Cost [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	596	607
Financial assets at amortised cost, category [member] | Debt Instruments at Amortized Cost [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	596	607
Financial assets at amortised cost, category [member] | Other Financial Assets [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	3,695	3,307
Financial assets at amortised cost, category [member] | Other Financial Assets [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	3,695	3,307
Financial assets at amortised cost, category [member] | Cash and Cash Equivalent [member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	25,106	23,780
Collateral and Other Credit Enhancements*	105	127
Financial assets at amortised cost, category [member] | Cash and Cash Equivalent [member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	25,211	23,907
Financial assets at amortised cost, category [member] | Short Term Investments1
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	129	1,986
Financial assets at amortised cost, category [member] | Short Term Investments1 | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	129	1,986
Financial assets at amortised cost, category [member] | Corporate subscribers [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	9,698	7,992
Collateral and Other Credit Enhancements*	354	379
Financial assets at amortised cost, category [member] | Corporate subscribers [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	10,052	8,371
Financial assets at amortised cost, category [member] | Retail subscribers [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	10,281	7,630
Collateral and Other Credit Enhancements*	46	7
Financial assets at amortised cost, category [member] | Retail subscribers [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	10,327	7,637
Financial assets at amortised cost, category [member] | Foreign administrations [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	924	1,220
Financial assets at amortised cost, category [member] | Foreign administrations [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	924	1,220
Financial assets at amortised cost, category [member] | Domestic carriers [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	295	227
Financial assets at amortised cost, category [member] | Domestic carriers [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	295	227
Financial assets at amortised cost, category [member] | Dealers agents and others [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	4,657	4,335
Financial assets at amortised cost, category [member] | Dealers agents and others [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	4,657	4,335
financial assets at FVPL [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	767	7,591
financial assets at FVPL [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	767	7,591
financial assets at FVPL [Member] | Other Financial Assets [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure		6,856
financial assets at FVPL [Member] | Other Financial Assets [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure		6,856
financial assets at FVPL [Member] | Long Term Foreign Currency Options
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	81	48
financial assets at FVPL [Member] | Long Term Foreign Currency Options | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	81	48
financial assets at FVPL [Member] | Short Term Investments1
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	254	255
financial assets at FVPL [Member] | Short Term Investments1 | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	254	255
financial assets at FVPL [Member] | Forward Foreign Exchange Contracts
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure		57
financial assets at FVPL [Member] | Forward Foreign Exchange Contracts | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure		57
financial assets at FVPL [Member] | Financial Assets at FVPL
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	432	339
financial assets at FVPL [Member] | Financial Assets at FVPL | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	₱ 432	339
financial assets at FVPL [Member] | Interest Rate Swap Contract [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure		22
financial assets at FVPL [Member] | Interest Rate Swap Contract [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure		22
financial assets at FVPL [Member] | Long Term Currency Swap Contract
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure		14
financial assets at FVPL [Member] | Long Term Currency Swap Contract | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure		₱ 14

Financial Assets and Liabili_27

Financial Assets and Liabilities - Summary of Information Regarding Credit Quality by Class of Financial Assets (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	₱ 56,653	₱ 59,188
Financial Assets Neither Past Due Nor Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	47,223	50,694
Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	14,425	14,621
Costs [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	71,078	73,809
Costs [Member] | Financial Assets Neither Past Due Nor Impaired [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	42,312	45,898
Costs [Member] | Financial Assets Neither Past Due Nor Impaired [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	4,911	4,796
Costs [Member] | Financial assets past due but not impaired [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	9,430	8,494
Costs [Member] | Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	14,425	14,621
Costs [Member] | Financial assets at amortised cost, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	70,137	66,044
Costs [Member] | Financial assets at amortised cost, category [member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	41,708	38,431
Costs [Member] | Financial assets at amortised cost, category [member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	4,748	4,672
Costs [Member] | Financial assets at amortised cost, category [member] | Debt Instruments at Amortized Cost [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	596	607
Costs [Member] | Financial assets at amortised cost, category [member] | Debt Instruments at Amortized Cost [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	596	607
Costs [Member] | Financial assets at amortised cost, category [member] | Other Financial Assets [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	4,285	3,919
Costs [Member] | Financial assets at amortised cost, category [member] | Other Financial Assets [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	3,694	3,020
Costs [Member] | Financial assets at amortised cost, category [member] | Other Financial Assets [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	1	287
Costs [Member] | Financial assets at amortised cost, category [member] | Cash and Cash Equivalent [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	25,211	23,907
Costs [Member] | Financial assets at amortised cost, category [member] | Cash and Cash Equivalent [member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	24,909	23,638
Costs [Member] | Financial assets at amortised cost, category [member] | Cash and Cash Equivalent [member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	302	269
Costs [Member] | Financial assets at amortised cost, category [member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	129	1,986
Costs [Member] | Financial assets at amortised cost, category [member] | Short Term Investments1 | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	129	1,986
Costs [Member] | Financial assets at amortised cost, category [member] | Retail subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	17,216	15,676
Costs [Member] | Financial assets at amortised cost, category [member] | Retail subscribers [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	7,782	5,411
Costs [Member] | Financial assets at amortised cost, category [member] | Retail subscribers [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	458	297
Costs [Member] | Financial assets at amortised cost, category [member] | Corporate subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	15,151	13,079
Costs [Member] | Financial assets at amortised cost, category [member] | Corporate subscribers [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	3,959	2,650
Costs [Member] | Financial assets at amortised cost, category [member] | Corporate subscribers [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	1,543	1,044
Costs [Member] | Financial assets at amortised cost, category [member] | Foreign administrations [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	1,058	1,341
Costs [Member] | Financial assets at amortised cost, category [member] | Foreign administrations [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	289	193
Costs [Member] | Financial assets at amortised cost, category [member] | Foreign administrations [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	210	486
Costs [Member] | Financial assets at amortised cost, category [member] | Domestic carriers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	296	241
Costs [Member] | Financial assets at amortised cost, category [member] | Domestic carriers [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	111	78
Costs [Member] | Financial assets at amortised cost, category [member] | Domestic carriers [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	30	46
Costs [Member] | Financial assets at amortised cost, category [member] | Dealers agents and others [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	6,195	5,288
Costs [Member] | Financial assets at amortised cost, category [member] | Dealers agents and others [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	239	848
Costs [Member] | Financial assets at amortised cost, category [member] | Dealers agents and others [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	2,204	2,243
Costs [Member] | Financial assets at amortised cost, category [member] | Financial assets past due but not impaired [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	9,430	8,494
Costs [Member] | Financial assets at amortised cost, category [member] | Financial assets past due but not impaired [member] | Retail subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	2,087	1,929
Costs [Member] | Financial assets at amortised cost, category [member] | Financial assets past due but not impaired [member] | Corporate subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	4,550	4,677
Costs [Member] | Financial assets at amortised cost, category [member] | Financial assets past due but not impaired [member] | Foreign administrations [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	425	541
Costs [Member] | Financial assets at amortised cost, category [member] | Financial assets past due but not impaired [member] | Domestic carriers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	154	103
Costs [Member] | Financial assets at amortised cost, category [member] | Financial assets past due but not impaired [member] | Dealers agents and others [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	2,214	1,244
Costs [Member] | Financial assets at amortised cost, category [member] | Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	14,251	14,447
Costs [Member] | Financial assets at amortised cost, category [member] | Impaired [Member] | Other Financial Assets [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	590	612
Costs [Member] | Financial assets at amortised cost, category [member] | Impaired [Member] | Retail subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	6,889	8,039
Costs [Member] | Financial assets at amortised cost, category [member] | Impaired [Member] | Corporate subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	5,099	4,708
Costs [Member] | Financial assets at amortised cost, category [member] | Impaired [Member] | Foreign administrations [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	134	121
Costs [Member] | Financial assets at amortised cost, category [member] | Impaired [Member] | Domestic carriers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	1	14
Costs [Member] | Financial assets at amortised cost, category [member] | Impaired [Member] | Dealers agents and others [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	1,538	953
Costs [Member] | financial assets at FVPL [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	941	7,765
Costs [Member] | financial assets at FVPL [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	604	7,467
Costs [Member] | financial assets at FVPL [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	163	124
Costs [Member] | financial assets at FVPL [Member] | Other Financial Assets [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		6,856
Costs [Member] | financial assets at FVPL [Member] | Other Financial Assets [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		6,856
Costs [Member] | financial assets at FVPL [Member] | Long Term Foreign Currency Options
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	81	48
Costs [Member] | financial assets at FVPL [Member] | Long Term Foreign Currency Options | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	81	48
Costs [Member] | financial assets at FVPL [Member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	428	429
Costs [Member] | financial assets at FVPL [Member] | Short Term Investments1 | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	254	255
Costs [Member] | financial assets at FVPL [Member] | Forward Foreign Exchange Contracts
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		57
Costs [Member] | financial assets at FVPL [Member] | Forward Foreign Exchange Contracts | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		57
Costs [Member] | financial assets at FVPL [Member] | Financial Assets at FVPL
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	432	339
Costs [Member] | financial assets at FVPL [Member] | Financial Assets at FVPL | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	269	215
Costs [Member] | financial assets at FVPL [Member] | Financial Assets at FVPL | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	163	124
Costs [Member] | financial assets at FVPL [Member] | Interest Rate Swap Contract [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		22
Costs [Member] | financial assets at FVPL [Member] | Interest Rate Swap Contract [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		22
Costs [Member] | financial assets at FVPL [Member] | Long Term Currency Swap Contract
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		14
Costs [Member] | financial assets at FVPL [Member] | Long Term Currency Swap Contract | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		14
Costs [Member] | financial assets at FVPL [Member] | Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	174	174
Costs [Member] | financial assets at FVPL [Member] | Impaired [Member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	₱ 174	₱ 174

Financial Assets and Liabili_28

Financial Assets and Liabilities - Summary of Aging Analysis of Past Due But not Impaired Class of Financial Assets (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	₱ 56,653	₱ 59,188
Financial assets at amortised cost, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	55,886	51,597
Costs [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	71,078	73,809
Costs [Member] | Financial assets at amortised cost, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	70,137	66,044
Costs [Member] | Financial assets at amortised cost, category [member] | Debt Instruments at Amortized Cost [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	596	607
Costs [Member] | Financial assets at amortised cost, category [member] | Other Financial Assets [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	4,285	3,919
Costs [Member] | Financial assets at amortised cost, category [member] | Cash and Cash Equivalent [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	25,211	23,907
Costs [Member] | Financial assets at amortised cost, category [member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	129	1,986
Costs [Member] | Financial assets at amortised cost, category [member] | Retail subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	17,216	15,676
Costs [Member] | Financial assets at amortised cost, category [member] | Corporate subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	15,151	13,079
Costs [Member] | Financial assets at amortised cost, category [member] | Foreign administrations [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	1,058	1,341
Costs [Member] | Financial assets at amortised cost, category [member] | Domestic carriers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	296	241
Costs [Member] | Financial assets at amortised cost, category [member] | Dealers agents and others [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	6,195	5,288
Costs [Member] | Financial liabilities at fair value through profit or loss, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	941	7,765
Costs [Member] | Financial liabilities at fair value through profit or loss, category [member] | Other Financial Assets [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		6,856
Costs [Member] | Financial liabilities at fair value through profit or loss, category [member] | Financial Assets at FVPL
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	432	339
Costs [Member] | Financial liabilities at fair value through profit or loss, category [member] | Long Term Foreign Currency Options
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	81	48
Costs [Member] | Financial liabilities at fair value through profit or loss, category [member] | Short Term Currency Swap
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	428	429
Costs [Member] | Financial liabilities at fair value through profit or loss, category [member] | Forward Foreign Exchange Contracts
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		57
Costs [Member] | Financial liabilities at fair value through profit or loss, category [member] | Interest Rate Swap Contract [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		22
Costs [Member] | Financial liabilities at fair value through profit or loss, category [member] | Long Term Currency Swap Contract
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		14
Financial Assets Neither Past Due Nor Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	47,223	50,694
Financial Assets Neither Past Due Nor Impaired [Member] | Financial assets at amortised cost, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	46,456	43,103
Financial Assets Neither Past Due Nor Impaired [Member] | Financial assets at amortised cost, category [member] | Debt Instruments at Amortized Cost [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	596	607
Financial Assets Neither Past Due Nor Impaired [Member] | Financial assets at amortised cost, category [member] | Other Financial Assets [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	3,695	3,307
Financial Assets Neither Past Due Nor Impaired [Member] | Financial assets at amortised cost, category [member] | Cash and Cash Equivalent [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	25,211	23,907
Financial Assets Neither Past Due Nor Impaired [Member] | Financial assets at amortised cost, category [member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	129	1,986
Financial Assets Neither Past Due Nor Impaired [Member] | Financial assets at amortised cost, category [member] | Retail subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	8,240	5,708
Financial Assets Neither Past Due Nor Impaired [Member] | Financial assets at amortised cost, category [member] | Corporate subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	5,502	3,694
Financial Assets Neither Past Due Nor Impaired [Member] | Financial assets at amortised cost, category [member] | Foreign administrations [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	499	679
Financial Assets Neither Past Due Nor Impaired [Member] | Financial assets at amortised cost, category [member] | Domestic carriers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	141	124
Financial Assets Neither Past Due Nor Impaired [Member] | Financial assets at amortised cost, category [member] | Dealers agents and others [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	2,443	3,091
Financial Assets Neither Past Due Nor Impaired [Member] | Financial liabilities at fair value through profit or loss, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	767	7,591
Financial Assets Neither Past Due Nor Impaired [Member] | Financial liabilities at fair value through profit or loss, category [member] | Other Financial Assets [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		6,856
Financial Assets Neither Past Due Nor Impaired [Member] | Financial liabilities at fair value through profit or loss, category [member] | Financial Assets at FVPL
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	432	339
Financial Assets Neither Past Due Nor Impaired [Member] | Financial liabilities at fair value through profit or loss, category [member] | Long Term Foreign Currency Options
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	81	48
Financial Assets Neither Past Due Nor Impaired [Member] | Financial liabilities at fair value through profit or loss, category [member] | Short Term Currency Swap
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	254	255
Financial Assets Neither Past Due Nor Impaired [Member] | Financial liabilities at fair value through profit or loss, category [member] | Forward Foreign Exchange Contracts
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		57
Financial Assets Neither Past Due Nor Impaired [Member] | Financial liabilities at fair value through profit or loss, category [member] | Interest Rate Swap Contract [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		22
Financial Assets Neither Past Due Nor Impaired [Member] | Financial liabilities at fair value through profit or loss, category [member] | Long Term Currency Swap Contract
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		14
Financial assets past due but not impaired [member] | Costs [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	9,430	8,494
Financial assets past due but not impaired [member] | One to sixty days [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	3,289	4,200
Financial assets past due but not impaired [member] | One to sixty days [Member] | Financial assets at amortised cost, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	3,289	4,200
Financial assets past due but not impaired [member] | One to sixty days [Member] | Financial assets at amortised cost, category [member] | Retail subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	1,439	1,484
Financial assets past due but not impaired [member] | One to sixty days [Member] | Financial assets at amortised cost, category [member] | Corporate subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	1,615	2,420
Financial assets past due but not impaired [member] | One to sixty days [Member] | Financial assets at amortised cost, category [member] | Foreign administrations [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	37	119
Financial assets past due but not impaired [member] | One to sixty days [Member] | Financial assets at amortised cost, category [member] | Domestic carriers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	72	47
Financial assets past due but not impaired [member] | One to sixty days [Member] | Financial assets at amortised cost, category [member] | Dealers agents and others [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	126	130
Financial assets past due but not impaired [member] | Later than two months and not later than three months [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	1,709	1,278
Financial assets past due but not impaired [member] | Later than two months and not later than three months [member] | Financial assets at amortised cost, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	1,709	1,278
Financial assets past due but not impaired [member] | Later than two months and not later than three months [member] | Financial assets at amortised cost, category [member] | Retail subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	372	171
Financial assets past due but not impaired [member] | Later than two months and not later than three months [member] | Financial assets at amortised cost, category [member] | Corporate subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	1,214	926
Financial assets past due but not impaired [member] | Later than two months and not later than three months [member] | Financial assets at amortised cost, category [member] | Foreign administrations [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	14	55
Financial assets past due but not impaired [member] | Later than two months and not later than three months [member] | Financial assets at amortised cost, category [member] | Domestic carriers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	26	17
Financial assets past due but not impaired [member] | Later than two months and not later than three months [member] | Financial assets at amortised cost, category [member] | Dealers agents and others [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	83	109
Financial assets past due but not impaired [member] | Later than three months [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	4,432	3,016
Financial assets past due but not impaired [member] | Later than three months [member] | Financial assets at amortised cost, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	4,432	3,016
Financial assets past due but not impaired [member] | Later than three months [member] | Financial assets at amortised cost, category [member] | Retail subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	276	274
Financial assets past due but not impaired [member] | Later than three months [member] | Financial assets at amortised cost, category [member] | Corporate subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	1,721	1,331
Financial assets past due but not impaired [member] | Later than three months [member] | Financial assets at amortised cost, category [member] | Foreign administrations [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	374	367
Financial assets past due but not impaired [member] | Later than three months [member] | Financial assets at amortised cost, category [member] | Domestic carriers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	56	39
Financial assets past due but not impaired [member] | Later than three months [member] | Financial assets at amortised cost, category [member] | Dealers agents and others [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	2,005	1,005
Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	14,425	14,621
Impaired [Member] | Financial assets at amortised cost, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	14,251	14,447
Impaired [Member] | Financial assets at amortised cost, category [member] | Other Financial Assets [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	590	612
Impaired [Member] | Financial assets at amortised cost, category [member] | Retail subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	6,889	8,039
Impaired [Member] | Financial assets at amortised cost, category [member] | Corporate subscribers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	5,099	4,708
Impaired [Member] | Financial assets at amortised cost, category [member] | Foreign administrations [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	134	121
Impaired [Member] | Financial assets at amortised cost, category [member] | Domestic carriers [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	1	14
Impaired [Member] | Financial assets at amortised cost, category [member] | Dealers agents and others [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	1,538	953
Impaired [Member] | Financial liabilities at fair value through profit or loss, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	174	174
Impaired [Member] | Financial liabilities at fair value through profit or loss, category [member] | Short Term Currency Swap
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	174	174
Impaired [Member] | Costs [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	₱ 14,425	₱ 14,621

Notes to the Statements of Ca_3

Notes to the Statements of Cash Flows - Summary of Changes in Liabilities Arising From Financing Activities (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Beginning balance	₱ 277,949	₱ 246,392
Cash flows	(49,897)	(4,668)
Foreign exchange movement	3,778	2,440
Others	65,024	33,785
Ending balance	296,854	277,949
Interest-bearing financial liabilities [Member]
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Beginning balance	252,557	222,765
Cash flows	(7,405)	28,538
Foreign exchange movement	3,778	2,440
Others	650	(1,186)
Ending balance	249,580	252,557
Lease liabilities [Member]
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Beginning balance	21,686	20,025
Cash flows	(8,331)	(6,547)
Others	29,080	8,208
Ending balance	42,435	21,686
Derivative Financial Labilities [Member]
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Beginning balance	215	536
Cash flows	87	(25)
Others	848	(296)
Ending balance	1,150	215
Accrued interests and other related costs [Member]
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Beginning balance	1,783	1,872
Cash flows	(9,013)	(8,922)
Others	9,098	8,833
Ending balance	1,868	1,783
Dividends Payable [Member]
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Beginning balance	1,708	1,194
Cash flows	(25,235)	(17,712)
Others	25,348	18,226
Ending balance	₱ 1,821	₱ 1,708

Notes to the Statements of Ca_4

Notes to the Statements of Cash Flows - Summary of Significant Non-cash Investing Activities and Corresponding Transaction Amounts (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Noncash Investing Activities [Abstract]
Additions to ROU assets (Note 10)	₱ 34,274	₱ 7,314
Acquisition of property and equipment on account	14,948	23,522
Capitalization to property and equipment of:
Inventories	6,517	5,989
Borrowing costs (Notes 5 and 9)	1,748	1,582
Foreign exchange differences – net (Note 9)	351	29	₱ 0
Non-cash investing activities	₱ 57,838	₱ 38,436

Notes to the Statements of Ca_5

Notes to the Statements of Cash Flows - Summary of Significant Non-cash Financing Activities and Corresponding Transaction Amounts (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Noncash Investing Activities [Abstract]
Additions to lease liabilities (Note 10)	₱ 34,277	₱ 7,314