PLDT (PHI) 20-F 6 Apr 22 2021 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2021shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
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
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, 2021	Dec. 31, 2020
Noncurrent Assets
Property and equipment (Notes 9 and 22)	₱ 302,736	₱ 260,868
Right-of-use assets (Note 10)	20,081	18,303
Investments in associates and joint ventures (Note 11)	53,364	52,123
Financial assets at fair value through profit or loss (Note 12)	339	380
Debt instruments at amortized cost – net of current portion (Note 13)	400	1,153
Investment properties (Notes 6 and 14)	929	895
Goodwill and intangible assets (Note 15)	62,535	65,329
Deferred income tax assets – net (Note 7)	13,385	19,556
Derivative financial assets – net of current portion (Note 28)	48
Prepayments – net of current portion (Notes 19 and 25)	94,777	66,109
Contract assets – net of current portion (Note 5)	566	668
Other financial assets – net of current portion (Note 28)	3,099	2,915
Other non-financial assets – net of current portion	138	109
Total Noncurrent Assets	552,397	488,408
Current Assets
Cash and cash equivalents (Note 16)	23,907	40,237
Short-term investments (Note 28)	2,241	989
Trade and other receivables (Note 17)	21,790	22,053
Inventories and supplies (Note 18)	3,662	4,085
Current portion of contract assets (Note 5)	1,685	1,799
Current portion of derivative financial assets (Note 28)	93	22
Current portion of debt instruments at amortized cost (Note 13)	207
Current portion of prepayments (Notes 19 and 25)	12,707	10,657
Financial assets at fair value through other comprehensive income (Notes 6, 11 and 25)		168
Current portion of other financial assets (Notes 20 and 28)	7,064	7,172
Current portion of other non-financial assets	575	256
Total Current Assets	73,931	87,438
TOTAL ASSETS	626,328	575,846
Equity
Treasury stock (Note 20)	(6,505)	(6,505)
Capital in excess of par value (Note 20)	130,312	130,312
Other equity reserves (Note 26)		19
Retained earnings (Note 20)	34,243	25,652
Other comprehensive loss (Note 6)	(36,437)	(35,652)
Total Equity Attributable to Equity Holders of PLDT	123,216	115,408
Noncontrolling interests (Note 6)	4,249	4,257
TOTAL EQUITY	127,465	119,665
Noncurrent Liabilities
Interest-bearing financial liabilities – net of current portion (Notes 21 and 28)	241,075	205,195
Lease liabilities – net of current portion (Note 10)	17,131	15,982
Deferred income tax liabilities – net (Note 7)	169	726
Derivative financial liabilities – net of current portion (Note 28)	100	360
Customers’ deposits (Note 28)	2,270	2,371
Pension and other employee benefits (Note 26)	7,760	13,342
Deferred credits and other noncurrent liabilities (Note 22)	6,084	4,668
Total Noncurrent Liabilities	274,589	242,644
Current Liabilities
Accounts payable (Note 23)	99,718	82,413
Accrued expenses and other current liabilities (Notes 24 and 27)	106,113	107,759
Current portion of interest-bearing financial liabilities (Notes 21 and 28)	11,482	17,570
Current portion of lease liabilities (Note 10)	4,555	4,043
Dividends payable (Note 20)	1,708	1,194
Current portion of derivative financial liabilities (Note 28)	115	176
Income tax payable	583	382
Total Current Liabilities	224,274	213,537
TOTAL LIABILITIES	498,863	456,181
TOTAL EQUITY AND LIABILITIES	626,328	575,846
Treasury Shares Under Employee Benefit Trust [Member]
Equity
Treasury shares under employee benefit trust (Note 26)		(21)
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, 2021	Dec. 31, 2020	Dec. 31, 2019
REVENUES FROM CONTRACTS WITH CUSTOMERS
Service revenues (Note 5)	₱ 185,751	₱ 173,634	₱ 161,355
Non-service revenues (Note 5)	7,506	7,370	7,832
Revenues	193,257	181,004	169,187
EXPENSES
Selling, general and administrative expenses (Note 5)	78,303	75,255	68,230
Depreciation and amortization (Notes 9 and 10)	52,169	47,480	39,656
Cost of sales and services (Note 5)	13,341	12,295	13,429
Asset impairment (Note 5)	4,985	7,646	4,833
Interconnection costs	3,698	2,146	3,638
Expenses	152,496	144,822	129,786
Profit loss from operating activities	40,761	36,182	39,401
OTHER EXPENSES – NET (Note 5)	(6,607)	(3,161)	(7,065)
INCOME BEFORE INCOME TAX	34,154	33,021	32,336
PROVISION FOR INCOME TAX (Note 7)	7,478	8,441	9,550
NET INCOME	26,676	24,580	22,786
ATTRIBUTABLE TO:
Equity holders of PLDT (Note 8)	26,367	24,284	22,521
Noncontrolling interests	309	296	265
NET INCOME	₱ 26,676	₱ 24,580	₱ 22,786
Earnings Per Share Attributable to Common Equity Holders of PLDT (Notes 5 and 8)
Basic	₱ 121.76	₱ 112.12	₱ 103.97
Diluted	₱ 121.76	₱ 112.12	₱ 103.97

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement Of Comprehensive Income [Abstract]
NET INCOME	₱ 26,676	₱ 24,580	₱ 22,786
OTHER COMPREHENSIVE INCOME (LOSS) – NET OF TAX (Note 6)
Fair value changes of financial assets at fair value through other comprehensive income (loss) (Note 25)	(2)	37	127
Foreign currency translation differences of subsidiaries	(329)	(27)	23
Net transactions on cash flow hedges:	(725)	(306)	(256)
Net fair value losses on cash flow hedges (Note 28)	(967)	(433)	(330)
Income tax related to fair value adjustments charged directly to equity (Note 7)	242	127	74
Net other comprehensive loss to be reclassified to profit or loss in subsequent years	(1,056)	(296)	(106)
Actuarial gains (losses) on defined benefit obligations:	2,908	(3,957)	(6,074)
Remeasurement in actuarial losses on defined benefit obligations (Note 26)	3,879	(5,640)	(8,672)
Income tax related to remeasurement adjustments (Note 7)	(971)	1,683	2,598
Revaluation increment on investment properties:			(2)
Depreciation of revaluation increment in investment properties transferred to property and equipment (Note 9)		(1)	(3)
Income tax related to revaluation increment charged directly to equity (Note 7)		1	1
Share in the other comprehensive income (loss) of associates and joint ventures accounted for using the equity method (Note 11)	23	(37)
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 loss not to be reclassified to profit or loss in subsequent years	2,823	(3,994)	(6,076)
Total Other Comprehensive Income (Loss) – Net of Tax	1,767	(4,290)	(6,182)
Tax adjustments due to Corporate Recovery and Tax Incentives for Enterprises, or CREATE, Act	(2,546)
TOTAL COMPREHENSIVE INCOME	25,897	20,290	16,604
ATTRIBUTABLE TO:
Equity holders of PLDT	25,582	20,000	16,343
Noncontrolling interests	315	290	261
TOTAL COMPREHENSIVE INCOME	₱ 25,897	₱ 20,290	₱ 16,604

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 (As previously stated [member]) at Dec. 31, 2018	₱ 116,666	₱ 510	₱ 1,093	₱ (6,505)	₱ (854)	₱ 130,526	₱ 697	₱ 12,081	₱ (25,190)	₱ 112,358	₱ 4,308
Balances restated at Dec. 31, 2018	115,742	510	1,093	(6,505)	(854)	130,526	697	11,157	(25,190)	111,434	4,308
Treasury shares under employee benefit trust (Note 26)	330				460	(130)				330
Other equity reserves (Note 26)	(421)						(421)			(421)
Cash dividends (Note 20)	(15,630)							(15,615)		(15,615)	(15)
Total comprehensive income (loss):	16,604							22,521	(6,178)	16,343	261
NET INCOME	22,786							22,521		22,521	265
Other comprehensive income (loss) (Note 6)	(6,182)								(6,178)	(6,178)	(4)
Distribution charges on perpetual notes (Note 20)	(236)										(236)
Acquisition and dilution of noncontrolling interests	(99)					(84)				(84)	(15)
Ending balance at Dec. 31, 2019	116,290	510	1,093	(6,505)	(394)	130,312	276	18,063	(31,368)	111,987	4,303
Effect of adoption of IFRS 16	(924)							(924)		(924)
Treasury shares under employee benefit trust (Note 26)	373				373					373
Other equity reserves (Note 26)	(257)						(257)			(257)
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	24,580							24,284		24,284	296
Other comprehensive income (loss) (Note 6)	(4,290)								(4,284)	(4,284)	(6)
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
Other equity reserves (Note 26)	(19)						₱ (19)			(19)
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	26,676							26,367		26,367	309
Other comprehensive income (loss) (Note 6)	(779)								(785)	(785)	6
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

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Income before income tax	₱ 34,154	₱ 33,021	₱ 32,336
Adjustments for:
Depreciation and amortization (Notes 9 and 10)	52,169	47,480	39,656
Interest on loans and other related items – net (Note 5)	8,900	8,736	7,275
Asset impairment (Note 5)	4,985	7,646	4,833
Foreign exchange losses (gains) – net (Notes 5 and 28)	3,890	(1,488)	(424)
Amortization of intangible assets (Notes 5 and 15)	2,822	2,496	758
Pension benefit costs (Notes 5 and 26)	2,213	2,218	1,018
Incentive plan (Notes 5 and 26)	1,186	1,134	638
Accretion on lease liabilities (Notes 5, 10 and 29)	1,170	1,125	1,061
Equity share in net losses of associates and joint ventures (Notes 5 and 11)	1,101	2,328	1,535
Accretion on financial liabilities (Notes 5 and 21)	239	146	122
Impairment of investments (Note 11)	60	60	34
Interest income (Note 5)	(656)	(1,210)	(1,745)
Gains on dilution of shares (Notes 5 and 11)	(826)	(394)
Losses (gains) on disposal of property and equipment (Notes 4, 5 and 9)	(884)	(3,369)	88
Losses (gains) on derivative financial instruments – net (Notes 5 and 28)	(1,400)	378	284
Investment derecognized (Note 12)		599
Others	(2,254)	(3,072)	696
Operating income before changes in assets and liabilities	106,869	97,834	88,165
Decrease (increase) in:
Prepayments	(34,002)	(18,894)	(28,898)
Contract assets	(38)	160	337
Trade and other receivables	(3,713)	(585)	(1,560)
Other financial and non-financial assets	(120)	324	(198)
Inventories and supplies	57	(1,017)	12
Increase (decrease) in:
Customer's deposits	(101)	166	12
Pension and other employee benefits	(3,846)	(249)	(7,965)
Other noncurrent liabilities	(95)	5,220	(1,559)
Accounts payable	29,382	(2,813)	18,768
Accrued expenses and other current liabilities	(301)	7,178	4,375
Net cash flows generated from operations	94,092	87,324	71,489
Income taxes paid	(2,122)	(2,248)	(2,097)
Net cash flows from operating activities	91,970	85,076	69,392
CASH FLOWS USED IN INVESTING ACTIVITIES
Interest received	714	1,106	1,723
Proceeds from:
Maturity of short-term investments	2,518	4,375	1,415
Disposal of property and equipment (Note 9)	1,217	5,830	224
Redemption of investment in debt securities (Note 13)	993	150
Disposal of financial assets at fair value through profit or loss (Note 12)	482	2,020	1,023
Disposal of investments in associates and joint ventures	359
Collection of financial assets at fair value through other comprehensive income	170	2,534	1,771
Dividends received (Note 11)		316
Disposal of investment properties (Note 14)			11
Payments for:
Purchase of investment in debt securities (Note 13)	(404)	(1,194)
Interest capitalized to property and equipment (Notes 5, 9 and 29)	(1,582)	(1,597)	(1,455)
Acquisition of investments in associates and joint ventures (Note 11)	(1,754)	(579)	(20)
Purchase of short-term investments	(3,847)	(5,147)	(572)
Purchase of property and equipment (Note 9)	(102,395)	(76,503)	(88,246)
Acquisition of investments in subsidiaries – net of cash acquired (Note 11)			(80)
Net additions to right-of-use assets (Note 10)			(145)
Decrease (increase) in other financial and non-financial assets	(111)	20	35
Net cash flows used in investing activities	(103,640)	(68,669)	(84,316)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES
Availments of long-term debt (Notes 21 and 29)	51,500	61,271	37,500
Availments of short-term debt (Note 21)		10,000
Payments for:
Derivative financial instruments (Notes 28 and 29)	(25)	(430)	(50)
Distribution charges on perpetual notes (Note 20)	(236)	(236)	(236)
Debt issuance costs (Notes 21 and 29)	(397)	(927)	(195)
Obligations under lease liabilities (Notes 10 and 29)	(6,547)	(5,781)	(5,399)
Interest – net of capitalized portion (Notes 5, 21 and 29)	(8,922)	(8,348)	(7,143)
Cash dividends (Notes 20 and 29)	(17,712)	(16,721)	(15,592)
Long-term debt (Notes 21 and 29)	(22,565)	(28,365)	(20,494)
Short-term debt (Note 21)		(10,000)
Increase in treasury shares under employee trust benefits			(4)
Net cash flows from (used in) financing activities	(4,904)	463	(11,613)
NET EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	244	(1,002)	(748)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(16,330)	15,868	(27,285)
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR (Note 16)	40,237	24,369	51,654
CASH AND CASH EQUIVALENTS AT END OF THE YEAR (Note 16)	₱ 23,907	₱ 40,237	₱ 24,369

Corporate Information

Corporate Information	12 Months Ended
	Dec. 31, 2021
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, 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 Php1.00 per share for a total subscription price of Php150 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 December 31 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 17.4 million ADSs outstanding as at December 31, 2021 . 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 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 Note 2 – Summary of Significant Accounting Policies – Basis of Consolidation Note 25 – Related Party Transactions Our consolidated financial statements as at December 31, 2021 and 2020, and for the years ended December 31, 2021, 2020 and 2019 were approved and authorized for issuance by the Board of Directors on March 22, 2022 as reviewed by the Audit Committee on March 21, 2022. Amendments to the Articles of Incorporation On April 8, 2020 and June 9, 2020, the Board of Directors and stockholders, respectively, approved the amendment of the Second Article of the Articles of Incorporation of PLDT, or the Amendment, (a) to reflect the current focus of PLDT’s business, which is the provision of telecommunications services through trending and constantly evolving technologies and innovative products and services; and (b) to allow sufficient flexibility for the PLDT business units to design their operations and expand their products and services by constantly transforming PLDT from being the country’s leading telecommunications company to a dynamic and customer-centric multi-media organization. On November 24, 2020, the Amendment of the Articles of Incorporation of PLDT was approved by the Philippine SEC. Amendments to the By-Laws 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. On July 9, 2021, the application for the amendment of the By-Laws of PLDT was submitted to the Philippine SEC for review and approval. The application is still pending to date.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
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, financial instruments at fair value through other comprehensive income, or FVOCI, 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, 2021 and 2020: 2021 2020 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 management activities for Smart — 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 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 processing and implementation services and data analytics insight generation 100.0 — 100.0 — ePLDT, Inc., or ePLDT: Philippines Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services 100.0 — 100.0 — IP Converge Data Services, Inc., or IPCDSI, and Subsidiary, or IPCDSI Group Philippines Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services — 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 Philippines Internet-based purchasing, IT consulting and professional services — 100.0 — 100.0 ePDS, Inc., or ePDS 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 Philippines Full-services customer rewards and loyalty programs — 100.0 — 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 Philippines Air transportation business 65.3 — 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 PLDT Global Investments Holdings, Inc., or 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 (a) Philippines Investment company 67.0 — 67.0 — PLDT Global Investments Corporation, or PGIC British Virgin Islands Investment company — 100.0 — 100.0 PLDT Communications and Energy Ventures, Inc., or PCEV Philippines Investment company — 99.9 — 99.9 (a) (b) 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. Noncontrolling interests share in losses even if the losses exceed the noncontrolling equity interest in the subsidiary. 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. Expiration of SubicTel’s Franchise Effective January 23, 2020, SubicTel ceased to operate as a telecommunications service provider, pursuant to the expiration of its franchise issued by the Subic Bay Metropolitan Authority, or SBMA. In order to facilitate continued customer service, arrangements have been made between SubicTel and PLDT where PLDT would make its services available to the affected SubicTel subscribers on a voluntary basis, and SubicTel assigned its assets and subscribers to PLDT for a consideration of Php622 million. The NTC did not object to the transfer of SubicTel’s subscribers to PLDT, subject to certain conditions. Likewise, the SBMA Board approved the issuance of Certificate of Registration to PLDT to operate within SBMA. The PLDT Board of Directors had approved the acquisition of the assets and subscribers of SubicTel on September 24, 2019. This transaction was eliminated in our consolidated financial statements. Expiration of Maratel’s Legislative Franchise Effective April 27, 2020, Maratel ceased to operate as a telecommunications service provider, following the expiration of its legislative franchise, Republic Act No. 7970. In order to ensure continued customer service, Maratel assigned its assets and subscribers to PLDT for a consideration of Php500 million. The NTC did not object to the transfer of Maratel subscribers to PLDT, subject to certain conditions. The PLDT Board of Directors had approved the acquisition of Maratel’s assets and subscribers on November 7, 2019. This transaction was eliminated in our consolidated financial statements. 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 Disease s, 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, H ighly U rbanized C ities , 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 M ECQ 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 m odified 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 p rovinces, 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 IATF approved the nationwide implementation of the alert-level system. These and other measures have affected and caused disruption to businesses and economic activities, and their impacts on businesses continue to evolve. See Amendments to IFRS 16, Leases, COVID-19 Related Rent Concessions Beyond June 30, 2021 Note 3 – Estimating allowance for expected credit losses Note 5 – Income and expenses – Contract balances To provide our customers with connectivity when they need it the most, we provided zero-rated access to certain Government agencies and emergency hotlines, boosted minimum speeds for our eligible PLDT Home subscribers, increased data allocations for postpaid and prepaid customers, equipped our corporate customers with telecommuting solutions, and for our Overseas Filipino Workers, extended the duration of free calls through our Free Bee app. On May 1, 2020, we implemented a six-month installment payment program for the outstanding monthly bills of our postpaid subscribers. Under this payment program, PLDT Home, Smart consumer postpaid, and Sun consumer postpaid subscribers can settle their unpaid balances as at April 30, 2020 in six equal monthly payments with 0 % interest and no penalties. This program was further extended for two months that ended on December 31, 2020. 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 continue to 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 for our employees and their dependents and household members who were enrolled in the program. These and other measures remain in place to protect our employees, as well as our customers. Total expenses related to our COVID-19 measures amounted to Php942 million and Php903 million for the years ended December 31, 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. 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 Php4,505 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 Php2,628 million and Php1,877 million for the years ended December 31, 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 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 Php1,455 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 will have to be confirmed between Smart and PLDT. The final purchase price amounted to Php1,336 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 is eliminated in our consolidated financial statements. 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, 2021. The adoption of these amended standards did not have significant impact on our financial position or performance. • Amendments to IFRS 9, Financial Instruments, IFRS 7, Financial Instruments: Disclosures, IFRS 4, Insurance Contracts, and IFRS 16, Leases – Interest Rate Benchmark Reform – Phase 2 The amendments provide the following temporary reliefs which address the financial reporting effects when an interbank offered rate, or IBOR, is replaced with an alternative nearly risk-free interest rate, or RFR. a) Practical expedient for changes in the basis for determining the contractual cash flows as a result of IBOR reform; b) Relief from discontinuing hedging relationships; and c) Relief from the separately identifiable requirement when an RFR instrument is designated as a hedge of a risk component. We shall also disclose information about: a) The nature and extent of risks to which the entity is exposed arising from financial instruments subject to IBOR reform, and how the entity manages those risks; and b) Their progress in completing the transition to alternative benchmark rates, and how the entity is managing that transition. We adopted these amendments beginning January 1, 2021. Effective April 1, 2021 • Amendments to IFRS 16, Leases, COVID-19 Related Rent Concessions Beyond June 30, 2021 The amendment provides relief to lessees from applying the IFRS 16 requirement on lease modifications to rent concessions arising as a direct consequence of the COVID-19 pandemic. A lessee may elect not to assess whether a rent concession from a lessor is a lease modification if it meets all of the following criteria: 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 d) There is no substantive change to other terms and conditions of the lease. A lessee that applies this practical expedient will account for any change in lease payments resulting from the COVID-19 related rent concession in the same way it would account for a change that is not a lease modification, i.e., as a variable lease payment. The amendments are effective for annual reporting periods beginning on or after April 1, 2021. Early adoption is permitted. We adopted the amendments beginning April 1, 2021 and applied the practical expedient where rent concessions as a result of the COVID-19 pandemic that meets the criteria above shall not be considered as a lease modification. We continued to apply the said amendment for rent concessions beyond June 30, 2021. Lessors have granted forgiveness on lease payments as an effect of the COVID-19 pandemic. The rent concessions for PLDT amounted to Php3 million and Php15 million for the years ended December 31, 2021 and 2020, respectively. The rent concessions for Smart and DMPI amounted to nil and Php122 million for the years ended December 31, 2021 and 2020, respectively. 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 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 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 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 N

Management's Use of Accounting

Management's Use of Accounting Judgments, Estimates and Assumptions	12 Months Ended
	Dec. 31, 2021
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. For receivables from MPIC, we have determined that its business model is to both collect contractual cash flows and sale of financial assets. IFRS 9, however, emphasizes that if more than an infrequent number of sales are made out of a portfolio 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 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 uses the U.S. Dollar; 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 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 Total depreciation of ROU assets amounted to Php5,388 million, Php4,940 million and Php4,393 million for the years ended December 31, 2021, 2020 and 2019, respectively. Total lease liabilities amounted to Php21,686 million and Php20,025 million as at December 31, 2021 and 2020, respectively. See Note 10 – Leases Note 28 – Financial Assets and Liabilities. Accounting for investment in Multisys Technologies Corporation, or Multisys On December 3, 2018, PGIH completed the closing of its investment in Multisys. Out of the Php550 million total consideration for the acquisition of existing shares, PGIH paid Php523 million to the owners of Multisys. On June 3, 2019, the balance of the acquisition consideration amounting to Php27 million was fully paid. Further, PGIH invested Php800 million into Multisys as a deposit for future stock subscription pending the approval by the Philippine SEC of the capital increase of Multisys. On February 1, 2019, the Philippine SEC approved the capital increase of Multisys. Based on our judgment, at the PLDT Group level, PGIH’s investment in Multisys gives PGIH a joint control in Multisys and thus is accounted for as investment in joint venture using the equity method of accounting in accordance with IAS 28 , Investments in Associates and Joint Ventures Note 11 – Investment in Associates and Joint Ventures – Investment in Joint Ventures – Investment of PGIH in Multisys 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 Assessment of loss of control over VIH The Company 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 the Company 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 the Company 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 subscriptions of the new investors in VIH, PCEV’s ownership interest was diluted to 48.74% and retained only two out of the five Board of Director seats in the investee. Consequently, as at November 28, 2018, PCEV lost its control over VIH and accounted for its remaining interest as investment in associate. As at December 31, 2021 and 2020, the Company holds 38.45% and 43.97% interest over VIH. PCEV will continue to account for its remaining interest as investment in associate. See Note 11 – Investments in Associates and Joint Ventures – Investments in Associates – Investment of PCEV in VIH Accounting for investment of PCEV in Maya Bank, Inc., or Maya Bank The shareholders’ agreement of 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 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 these rights, PLDT and Globe have joint control over VTI, Bow Arken and Brightshare, which is defined in IFRS 11 , Joint Arrangements, 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 – Investment in Associates and Joint Ventures – Investment in Joint Ventures – Investments of PLDT in VTI, Bow Arken and Brightshare Accounting for investment in Beacon Electric Asset Holdings, Inc., or Beacon, under equity method IAS 28 provides that where an entity holds 20% or more of the voting power (directly or through subsidiaries) of an investee, it will be presumed that the investor has significant influence, unless it can be clearly demonstrated that this is not the case. If the ownership interest is less than 20%, the entity will be presumed not to have significant influence unless such influence can be clearly demonstrated. PCEV entered into Share Purchase Agreement with MPIC on May 30, 2016 and June 13, 2017, to sell its equity interest in Beacon for a total consideration of Php26,200 million and Php21,800 million, respectively. Upon closing of these sale transactions, MPIC settled portion of the considerations and the balances are being paid in annual installments until June 2021. Prior to the final settlement, the unpaid balance from MPIC was measured at fair value using discounted cash flow valuation method and interest income were accreted over the term of the receivable. MPIC agreed that for as long as: (a) PCEV owns at least 20% of the outstanding capital stock of Beacon; or Note 11 – Investments in Associates and Joint Ventures – Investments in Joint Ventures – Investment of PCEV in Beacon 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 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 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. Corporate Recovery and Tax Incentives for Enterprises, or CREATE, Act On March 26, 2021, President Rodrigo Duterte 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 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 Php485 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, 2021 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, 2021 of Php3,125 million and additional provision for deferred income tax of Php579 million. The above adjustments in income tax provision were recognized in the first quarter of 2021. Meanwhile, the tax provided for under the CREATE Act 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 Php21,686 million and Php20,025 million as at December 31, 2021 and 2020, 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 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, 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 Note 19 – Prepayments, 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 property and equipment. In 2019, Smart shortened its estimated useful lives of certain network, technology and other equipment, the most significant of which are the 2G technology-related equipment in preparation for the shutdown of said technology. The shutdown is part of our strategy to address increasing demand for data and data centric applications by moving to faster speed LTE and 5G technologies. As a result, Smart recognized additional depreciation expense of Php1,397 million in 2021, Php1,458 million in 2020 and Php1,508 million in 2019. Smart expects additional depreciation expense arising from the acceleration of the estimated useful lives of the affected equipment amounting to Php46 million in each of the years 2022 and 2023. In 2019, PLDT increased its estimated useful life of certain information origination and termination equipment and central office equipment due to technology advancement allowing longer economic life of the subscriber equipment. As a result, PLDT recognized a decrease in depreciation amounting to Php1,719 million for the year ended December 31, 2019. In 2020, Smart shortened its estimated useful lives of certain network, technology and other equipment, the most significant of which are the 3G technology-related equipment in preparation for the shutdown of said technology. The shutdown is the next phase of our strategy to migrate to faster speed LTE and 5G technologies. Smart also shortened the estimated useful lives of certain network equipment as a result of transformation and cost reengineering initiatives. As a result, Smart r

Operating Segment Information

Operating Segment Information	12 Months Ended
	Dec. 31, 2021
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, IPCDSI Group, AGS Group, Curo and ePDS; full-service customer rewards and loyalty programs provided by MRSI; and distribution of Filipino channels and content through PGNL and its subsidiaries; and • Others – PCEV, PGIH, PLDT Digital and its subsidiaries, and PGIC, our investment companies. See Note 2 – Summary of Significant Accounting Policies 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 Adjusted EBITDA; Adjusted EBITDA margin; and core income. Net income for the year is measured consistent with net income in our consolidated financial statements. Adjusted 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. Adjusted EBITDA margin for the year is measured as Adjusted 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. 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 Adjusted EBITDA, Adjusted 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 I FRS . The segment revenues, net income, and other segment information of our reportable operating segments for the years ended December 31, 2021, 2020 and 2019, and as at December 31, 2021 and 2020 are as follows: Wireless Fixed Line Others Inter- segment Transactions Consolidated (in million pesos, except for Adjusted 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 earnings (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 Adjusted EBITDA 60,876 45,832 (7 ) (10,801 ) 95,900 Adjusted 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 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 earnings (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 Adjusted EBITDA 60,272 33,405 (12 ) (7,507 ) 86,158 Adjusted 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 December 31, 2019 Revenues External customers 94,488 74,699 — — 169,187 Service revenues 88,243 73,112 — — 161,355 Non-service revenues 6,245 1,587 — — 7,832 Inter-segment transactions 2,418 14,707 — (17,125 ) — Service revenues 2,418 14,707 — (17,125 ) — Non-service revenues — — — — — Total revenues 96,906 89,406 — (17,125 ) 169,187 Results Depreciation and amortization 29,484 16,141 — (5,969 ) 39,656 Asset impairment 1,133 3,699 1 — 4,833 Interest income 703 680 362 — 1,745 Equity share in net earnings (losses) of associates and joint ventures — 568 (2,103 ) — (1,535 ) Financing costs – net 6,422 5,078 — (2,947 ) 8,553 Provision for (benefit from) income tax 4,423 5,341 (444 ) 230 9,550 Net income (loss) / Segment profit (loss) 13,101 11,421 (1,769 ) 33 22,786 Adjusted EBITDA 52,789 33,162 (101 ) (6,035 ) 79,815 Adjusted EBITDA margin 58 % 38 % — — 49 % Core income (loss) 13,685 12,531 (1,151 ) 46 25,111 Telco core income 14,063 12,531 440 46 27,080 Assets and liabilities Operating assets 287,059 198,468 7,943 (45,929 ) 447,541 Investments in associates and joint ventures 10 73,386 9,897 (29,430 ) 53,863 Deferred income tax assets – net 13,102 11,791 (711 ) (559 ) 23,623 Total assets 300,171 283,645 17,129 (75,918 ) 525,027 Operating liabilities 221,755 229,855 833 (46,289 ) 406,154 Deferred income tax liabilities 1,986 384 252 (39 ) 2,583 Total liabilities 223,741 230,239 1,085 (46,328 ) 408,737 Other segment information Capital expenditures, including capitalized interest (Note 9) 30,718 42,153 — — 72,871 The following table shows the reconciliation of our consolidated net income to our consolidated Adjusted EBITDA for the years ended December 31, 2021, 2020 and 2019: 2021 2020 2019 (in million pesos) Consolidated net income 26,676 24,580 22,786 Add (deduct) adjustments: Depreciation and amortization (Notes 9 and 10) 52,169 47,480 39,656 Financing costs – net (Note 5) 10,414 10,086 8,553 Provision for income tax (Note 7) 7,478 8,441 9,550 Foreign exchange gains (losses) – net (Notes 5 and 28) 3,890 (1,488 ) (424 ) Amortization of intangible assets (Note 15) 2,822 2,496 758 Equity share in net losses of associates and joint ventures (Note 11) 1,101 2,328 1,535 Impairment of property and equipment (Notes 5 and 9) 148 — — Interest income (Note 5) (656 ) (1,210 ) (1,745 ) Losses (gains) on derivative financial instruments – net (Note 28) (1,400 ) 378 284 Other income – net (6,742 ) (6,933 ) (1,138 ) Gain on dilution of shares (Notes 5 and 11) (826 ) (394 ) — Gains on sale of property and equipment (Note 5) (884 ) (3,369 ) (88 ) Gain on debt modification (Note 5) (1,372 ) — — Reversal of provisions (Note 5) (2,594 ) (2,679 ) (999 ) Others (1,066 ) (491 ) (51 ) Total adjustments 69,224 61,578 57,029 Consolidated Adjusted EBITDA 95,900 86,158 79,815 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, 2021, 2020 and 2019: 2021 2020 2019 (in million pesos) Consolidated net income 26,676 24,580 22,786 Add (deduct) adjustments: Foreign exchange losses (gains) – net (Notes 5 and 28) 3,890 (1,488 ) (424 ) Sun Trademark amortization (Note 15) 2,628 1,877 — Accelerated depreciation 1,110 — — Manpower rightsizing program, or MRP (Note 5) 269 2,625 3,296 Losses from changes in fair value of financial assets at FVPL 174 — 675 Impairment/derecognition of investments (Notes 11 and 12) 60 659 34 Core income adjustment on equity share in net income of associates and joint ventures (7 ) (6 ) (226 ) Net income attributable to noncontrolling interests (309 ) (296 ) (265 ) CREATE Act impact on deferred income taxes – net (355 ) — — Net tax effect of aforementioned adjustments (1,209 ) (1,106 ) (998 ) Gain on debt modification – net of amortization of debt discount (1,339 ) — — Losses (gains) on derivative financial instruments – net, excluding hedge costs (Note 28) (1,651 ) 284 233 Total adjustments 3,261 2,549 2,325 Consolidated core income 29,937 27,129 25,111 Add (deduct) adjustments: Share in VIH losses 1,981 1,954 1,776 Accelerated depreciation — 1,496 378 Loss (gain) on sale of Rocket Internet SE, or Rocket Internet, shares — 364 (185 ) Gain from condonation of debt — (240 ) — Gain on sale and leaseback of Smart Headquarters – net of tax — (2,293 ) — VIH gain on dilution – net of tax (702 ) (323 ) — Gain on asset sales – net of tax (Note 5) (983 ) — — Total adjustments 296 958 1,969 Telco core income 30,233 28,087 27,080 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, 2021, 2020 and 2019: 2021 2020 2019 Basic Diluted Basic Diluted Basic Diluted Consolidated core EPS 138.29 138.29 125.29 125.29 115.95 115.95 Add (deduct) adjustments: Gains (losses) on derivative financial instruments – net, excluding hedge costs 5.73 5.73 (0.92 ) (0.92 ) (0.75 ) (0.75 ) Gain on debt modification 4.65 4.65 — — — — CREATE Act impact on deferred taxes – net 1.64 1.64 — — — — Core income adjustment on equity share in net earnings of associates and joint ventures 0.03 0.03 0.03 0.03 1.05 1.05 Impairment/derecognition of investments (0.28 ) (0.28 ) (3.05 ) (3.05 ) (0.16 ) (0.16 ) Losses from changes in fair value of financial assets at FVPL (0.81 ) (0.81 ) — — — — MRP (1.02 ) (1.02 ) (8.51 ) (8.51 ) (10.73 ) (10.73 ) Accelerated depreciation (3.85 ) (3.85 ) — — — — Sun Trademark amortization (9.12 ) (9.12 ) (6.08 ) (6.08 ) — — Foreign exchange gains (losses) – net (13.50 ) (13.50 ) 5.36 5.36 1.73 1.73 Unrealized losses in fair value of investments — — — — (3.12 ) (3.12 ) Total adjustments (16.53 ) (16.53 ) (13.17 ) (13.17 ) (11.98 ) (11.98 ) Consolidated EPS attributable to common equity holders of PLDT (Note 8) 121.76 121.76 112.12 112.12 103.97 103.97 The following table presents our revenues from external customers by category of products and services for the years ended December 31, 2021, 2020 and 2019: 2021 2020 2019 (in million pesos) Wireless services Service revenues: Mobile 95,619 95,589 87,823 Home broadband 2,889 40 85 MVNO and others 4 119 335 98,512 95,748 88,243 Non-service revenues: Sale of mobile handsets and broadband data modems 6,980 6,041 6,245 Total wireless revenues 105,492 101,789 94,488 Fixed line services Service revenues: Voice 20,222 19,484 19,890 Data 66,624 58,064 52,787 Miscellaneous 393 338 435 87,239 77,886 73,112 Non-service revenues: Sale of computers, phone units and SIM cards 454 1,140 1,193 Point-product-sales 72 189 394 526 1,329 1,587 Total fixed line revenues 87,765 79,215 74,699 Total revenues 193,257 181,004 169,187 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, 2021, 2020 and 2019.

Income and Expenses

Income and Expenses	12 Months Ended
	Dec. 31, 2021
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 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, 2021, 2020 and 2019: Revenue Streams Wireless Fixed Line Others Inter- segment Transactions Consolidated (in million pesos) 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 December 31, 2019 Type of good or service Service revenue 90,661 87,819 — (17,125 ) 161,355 Non-service revenue 6,245 1,587 — — 7,832 Total revenues from contracts with customers 96,906 89,406 — (17,125 ) 169,187 Timing of revenue recognition Transferred over time 90,661 87,819 — (17,125 ) 161,355 Transferred at a point time 6,245 1,587 — — 7,832 Total revenues from contracts with customers 96,906 89,406 — (17,125 ) 169,187 Contract Balances Contract balances as at December 31, 2021 and 2020 consists of the following: 2021 2020 (in million pesos) Trade and other receivables (Note 17) 35,625 38,304 Contract assets 2,306 2,559 Contract liabilities and unearned revenues (Notes 22 and 24) 13,621 9,571 The decrease in gross trade and other receivables of Php2,679 million as at December 31, 2021 was primarily due to accounts written-off. The decrease of Php253 million in contract assets as at December 31, 2021 was due to lower device plan activations. The increase of Php4,050 million in contract liabilities and unearned revenues as at December 31, 2021 is related to the overall higher revenues from postpaid and prepaid subscribers due to the increase in demand as more people are doing their activities online due to the COVID-19 restrictions. Set out below is the movement in the allowance for expected credit losses of contracts assets for the years ended December 31, 2021, 2020 and 2019. 2021 2020 2019 (in million pesos) Balances at beginning of the year 92 70 131 Provisions 32 — — Reclassification (69 ) 22 (61 ) Balances at end of the year 55 92 70 Changes in the contract liabilities and unearned revenues accounts for the years ended December 31, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Balances at beginning of the year 9,571 8,483 7,182 Deferred during the year 138,346 127,160 111,084 Recognized as revenue during the year (134,296 ) (126,072 ) (109,783 ) Balances at end of the year 13,621 9,571 8,483 The contract liabilities and unearned revenues accounts as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Unearned revenues from prepaid contracts 6,716 6,185 Advance monthly service fees 2,476 1,747 Short-term advances for installation services 2,355 1,167 Leased facilities 2,045 446 Long-term advances from equipment 29 26 Total contract liabilities and unearned revenues 13,621 9,571 Contract liabilities: Noncurrent (Note 22) 223 4 Current (Note 24) 21 12 Unearned revenues: Noncurrent (Note 22) 3,335 972 Current (Note 24) 10,042 8,583 Unearned revenues on leased circuits pertain to prepayments for various leased circuit contracts. See Note 24 – Related Party Transactions As at December 31, 2021, the noncurrent and current portion of contract liabilities and unearned revenues amounted to Php3,558 million and Php10,063 million, respectively, while as at December 31, 2020, the noncurrent and current portion of contract liabilities and unearned revenues amounted to Php976 million and Php8,595 million, respectively. Selling, General and Administrative Expenses Selling, general and administrative expenses for the years ended December 31, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Compensation and employee benefits 25,344 26,833 24,883 Repairs and maintenance (Notes 14, 18 and 25) 24,653 21,555 20,007 Professional and other contracted services (Note 25) 8,371 7,307 7,408 Selling and promotions (Note 25) 6,716 6,542 5,395 Taxes and licenses 4,331 5,495 4,570 Amortization of intangible assets (Note 15) 2,822 2,496 758 Rent (Notes 10 and 25) 2,231 1,384 1,290 Insurance and security services (Note 25) 1,739 1,699 1,671 Communication, training and travel (Note 25) 977 903 1,203 Other expenses 1,119 1,041 1,045 Total selling, general and administrative expenses 78,303 75,255 68,230 Compensation and Employee Benefits Compensation and employee benefits for the years ended December 31, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Salaries and other employee benefits 21,676 20,856 19,931 Pension benefit costs (Note 26) 2,213 2,218 1,018 Incentive plan (Note 26) 1,186 1,134 638 MRP 269 2,625 3,296 Total compensation and employee benefits 25,344 26,833 24,883 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, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Cost of computers, mobile handsets and broadband data modems (Note 18) 8,286 8,275 9,402 Cost of services (Note 18) 3,492 2,991 3,680 Cost of point-product-sales (Note 18) 1,563 1,029 347 Total cost of sales and services 13,341 12,295 13,429 Asset Impairment Asset impairment for the years ended December 31, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Trade and other receivables (Note 17) 3,737 6,446 4,071 Inventories and supplies (Note 18) 847 934 471 Contract assets (Note 3) 253 266 291 Property and equipment (Note 9) 148 — — Total asset impairment 4,985 7,646 4,833 Other Income (Expenses) – Net Other income (expenses) – net for the years ended December 31, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Reversal of provisions 2,594 2,679 999 Gains (losses) on derivative financial instruments – net (Note 28) 1,400 (378 ) (284 ) Gain on debt modification ( 1) 1,372 — — Gains on sale of property and equipment (Note 9) 884 3,369 88 Gain on dilution of shares (Note 11) 826 394 — Interest income 656 1,210 1,745 Gain on change in fair value of Phunware, Inc., or Phunware (Note 12) 306 — — Gain on sale of Phunware (Note 12) 115 — — Equity share in net losses of associates and joint ventures (Note 11) (1,101 ) (2,328 ) (1,535 ) Foreign exchange gains (losses) – net (Note 28) (3,890 ) 1,488 424 Financing costs – net (10,414 ) (10,086 ) (8,553 ) Others – net (Notes 11, 12 and 14) 645 491 51 Total other expenses – net (6,607 ) (3,161 ) (7,065 ) (1) PLDT and Smart re-negoiateted certain terms of selected outstanding Philippine Peso loans in 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, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Interest income arising from revenue contracts with customers 299 414 431 Interest income on cash and cash equivalents (Note 16) 269 560 1,022 Interest income on financial instruments at FVPL 23 8 — Interest income on financial instruments at amortized cost (Note 13) 13 143 45 Interest income on financial instruments at FVOCI 2 70 239 Interest income – others 50 15 8 Total interest income 656 1,210 1,745 Financing Costs – Net Financing costs – net for the years ended December 31, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Interest on loans and other related items (Notes 21 and 28) 10,482 10,333 8,730 Accretion on lease liabilities (Note 10) 1,170 1,125 1,061 Accretion on financial liabilities (Note 21) 239 146 122 Financing charges 105 79 95 Capitalized interest (Notes 9 and 29) (1,582 ) (1,597 ) (1,455 ) Total financing costs – net 10,414 10,086 8,553

Components of Other Comprehensi

Components of Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2021
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, 2021, 2020 and 2019 are as follows: Foreign currency translation differences of subsidiaries Net loss on financial instrument at FVOCI – net of tax Net transactions on cash flow hedges – net of tax Revaluation increment on investment properties – net of tax Fair value adjustment on sale of property and equipment Actuarial losses on defined benefit plans – net of tax Share in the other comprehensive income (loss) of associates and joint ventures accounted for using the equity method Fair value changes of financial instrument at FVOCI Total other comprehensive loss attributable to equity holders of PLDT Share of noncontrolling interests Total other comprehensive loss – net of tax (in million pesos) Balances as at January 1, 2021 701 (9 ) (1,202 ) 508 108 (35,720 ) (37 ) (1 ) (35,652 ) 9 (35,643 ) Other comprehensive income (loss) (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 (loss) (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 ) Balances as at January 1, 2019 695 (9 ) (640 ) 510 108 (25,689 ) — (165 ) (25,190 ) 19 (25,171 ) Other comprehensive income (loss) 27 — (256 ) (2 ) — (6,074 ) — 127 (6,178 ) (4 ) (6,182 ) Balances as at December 31, 2019 722 (9 ) (896 ) 508 108 (31,763 ) — (38 ) (31,368 ) 15 (31,353 ) 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, 2021
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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Net deferred income tax assets 13,385 19,556 Net deferred income tax liabilities 169 726 The components of our consolidated net deferred income tax assets and liabilities as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Net deferred income tax assets: Pension and other employee benefits 3,590 6,394 Unamortized past service pension costs 3,364 4,874 Unearned revenues 3,022 2,509 Accumulated provision for expected credit loss 2,920 3,577 Accumulated write-down of inventories to net realizable values 662 699 Lease liability over ROU assets under IFRS 16 581 666 Unrealized foreign exchange gains (losses) 403 (457 ) Customer list and trademark 129 1,116 Fixed asset impairment/depreciation due to shortened life of property and equipment 79 61 NOLCO 10 88 Excess MCIT over RCIT 1 3 Derivative financial instruments (30 ) 33 Taxes and duties capitalized (141 ) (124 ) Capitalized charges and others (1,205 ) 117 Total deferred income tax assets – net 13,385 19,556 Net deferred income tax liabilities: Investment property 241 569 Unrealized foreign exchange gains 5 167 Intangible assets and fair value adjustment on assets acquired – net of amortization — 70 Others (77 ) (80 ) Total deferred income tax liabilities 169 726 Changes in our consolidated net deferred income tax assets (liabilities) as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Net deferred income tax assets – balances at beginning of the year 19,556 23,623 Net deferred income tax liabilities – balances at beginning of the year (726 ) (2,583 ) Net balances at beginning of the year 18,830 21,040 Provision for deferred income tax (2,348 ) (3,989 ) Movement charged directly to other comprehensive income (loss) (3,239 ) 1,811 Others (27 ) (32 ) Net balances at end of the year 13,216 18,830 Net deferred income tax assets – balances at end of the year 13,385 19,556 Net deferred income tax liabilities – balances at end of the year (169 ) (726 ) 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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Deferred income tax assets: Deferred income tax assets to be recovered after 12 months 10,127 13,041 Deferred income tax assets to be recovered within 12 months 3,258 6,515 13,385 19,556 The analysis of our consolidated net deferred income tax liabilities as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Deferred income tax liabilities: Deferred income tax liabilities to be settled after 12 months (173 ) (477 ) Deferred income tax liabilities to be settled within 12 months 4 (249 ) Net deferred income tax liabilities (169 ) (726 ) Provision for income tax for the years ended December 31, 2021, 2020 and 2019 consist of: 2021 2020 2019 (in million pesos) Current 5,130 4,452 3,283 Deferred (Note 3) 2,348 3,989 6,267 7,478 8,441 9,550 The impact of the application of MCIT amounting to Php2 million, Php1,426 million and Php206 million for the years ended December 31, 2021, 2020 and 2019, 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, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Provision for income tax at the applicable statutory tax rate 8,538 9,906 9,701 Tax effects of: Nondeductible expenses 558 144 907 NOLCO/MCIT expiration 248 352 302 Tax adjustment due to CREATE 94 — — Loss (income) not subject to income tax (50 ) (27 ) 154 Income subject to final tax (186 ) (189 ) (599 ) Special deductible items and income subject to lower tax rate (204 ) (537 ) (643 ) Equity share in net income of associates and joint ventures (284 ) (20 ) (220 ) Difference between Optional Standard Deduction, OSD, and itemized deductions (610 ) (426 ) (251 ) Net movement in unrecognized deferred income tax assets and other adjustments (626 ) (762 ) 199 Actual provision for income tax 7,478 8,441 9,550 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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Fixed asset impairment 1,286 1,284 Accumulated provision for expected credit losses 963 2,907 Provisions 787 761 NOLCO 327 1,358 Pension and other employee benefits 75 61 Unrealized foreign exchange losses 28 5 Excess MCIT over RCIT 22 20 Unearned revenues 21 17 Lease liability over ROU assets under IFRS 16 19 — Accumulated write-down of inventories to net realizable values 13 2 Interest on subordinated shareholder advances (4 ) (4 ) Operating lease — 10 3,537 6,421 Unrecognized deferred income tax assets 901 1,940 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 Php201 million and Php209 million as at December 31, 2021 and 2020, respectively, were not recognized. Meanwhile, portion of the deferred income tax liability provided with valuation allowance due to OSD amounting to Php58 million as at December 31, 2021 pertains to the gain on fair value adjustment of PCEVs investment to VIH as PCEV expects to use the OSD method in computing its taxable income in the future when said gain is realized. 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, 2021 are as follows: Date Incurred Expiry Date MCIT NOLCO (in million pesos) December 31, 2019 December 31, 2022 7 1 December 31, 2020 December 31, 2023 14 — December 31, 2020 December 31, 2025 — 183 December 31, 2021 December 31, 2024 2 — December 31, 2021 December 31, 2026 — 181 23 365 NOLCO incurred by foreign affiliates which can be carried over indefinitely — 5 23 370 Consolidated tax benefits 23 92 Consolidated unrecognized deferred income tax assets (22 ) (82 ) Consolidated recognized deferred income tax assets 1 10 The excess MCIT totaling Php23 million as at December 31, 2021 can be deducted against future RCIT liability. The excess MCIT that was deducted against RCIT amounted to Php2 million, Php1,426 million and Php206 million for the years ended December 31, 2021, 2020 and 2019, respectively. No excess MCIT expired for the year ended December 31, 2021, while the amount of expired portion of excess MCIT amounted to Php1 million and Php10 million for the years ended December 31, 2020 and 2019, respectively. NOLCO totaling Php365 million as at December 31, 2021 can be claimed as deduction against future taxable income. The NOLCO claimed as deduction against taxable income amounted to Php556 million, Php2,109 million and Php9,530 million for the years ended December 31, 2021, 2020 and 2019, respectively. The amount of expired NOLCO amounted to Php990 million, Php1,170 million and Php973 million for the years ended December 31, 2021, 2020 and 2019, 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 and 2020 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 2020 amounting to Php189 million and Php183 million, respectively, has been extended to five years from the previous three years. Registration with Subic Bay Freeport Zone and Clark Special Economic Zone Enterprise Zone SubicTel and ClarkTel are registered with the Subic Bay Freeport Zone and the Clark Special Economic Zone, or Economic Zones, respectively, under Republic Act No. 7227 otherwise known as the Bases Conversion and Development Act of 1992. As registrants, SubicTel and ClarkTel are 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. SubicTel’s entitlement to 5% gross income tax expired last December 26, 2021. Thus, income generated thereafter is subject to RCIT. 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.

Earnings Per Common Share

Earnings Per Common Share	12 Months Ended
	Dec. 31, 2021
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, 2021, 2020 and 2019: 2021 2020 2019 Basic Diluted Basic Diluted Basic Diluted (in million pesos) Consolidated net income attributable to equity holders of PLDT 26,367 26,367 24,284 24,284 22,521 22,521 Dividends on preferred shares (Note 20) (59 ) (59 ) (59 ) (59 ) (59 ) (59 ) Consolidated net income attributable to common equity holders of PLDT 26,308 26,308 24,225 24,225 22,462 22,462 (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 (Note 4) 121.76 121.76 112.12 112.12 103.97 103.97 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 period 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 period 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, 2021
Disclosure Of Property Plant And Equipment [Abstract]
Property and Equipment	9. Property and Equipment Changes in property and equipment account for the years ended December 31, 2021, 2020 and 2019 are as follows: Cable and wire facilities Central equipment Network facilities Buildings Vehicles, furniture and other network equipment Information origination and termination equipment Land improvements IT systems and platforms Security platforms Property under construction Total (in million pesos) As at December 31, 2019 Cost 201,652 2,800 321,798 28,128 29,241 30,906 4,597 50,654 17 46,167 715,960 Accumulated depreciation, impairment and amortization (161,534 ) (2,172 ) (211,288 ) (22,560 ) (23,169 ) (18,707 ) (270 ) (44,125 ) (1 ) — (483,826 ) Net book value 40,118 628 110,510 5,568 6,072 12,199 4,327 6,529 16 46,167 232,134 Year Ended December 31, 2020 Net book value at beginning of the year 40,118 628 110,510 5,568 6,072 12,199 4,327 6,529 16 46,167 232,134 Additions (Note 4) 915 155 2,124 238 1,548 2,771 102 991 — 63,060 71,904 Disposals/Retirements (12 ) — (114 ) (212 ) (59 ) — (265 ) (1 ) — (16 ) (679 ) Reclassifications 6,116 (707 ) (31,539 ) (263 ) 4,030 10,979 (70 ) (5,893 ) 24 17,312 (11 ) Transfers and others 21,066 — 42,477 897 (455 ) 5,614 11 6,576 76 (76,262 ) — Translation differences charged directly to cumulative translation adjustments — — (1 ) — (1 ) — — (1 ) — — (3 ) Adjustments 9 871 (700 ) 28 125 1 53 (122 ) — (201 ) 64 Depreciation of revaluation increment on investment properties transferred to property and equipment charged to other comprehensive income — — — (1 ) — — — — — — (1 ) Depreciation and amortization (9,922 ) (398 ) (11,154 ) (1,282 ) (4,664 ) (14,224 ) (10 ) (862 ) (24 ) — (42,540 ) Net book value at end of the year 58,290 549 111,603 4,973 6,596 17,340 4,148 7,217 92 50,060 260,868 As at 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 amortization (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 Year Ended December 31, 2021 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 to cumulative translation adjustments — — 1 — (1 ) — — 1 — — 1 Adjustments 8 — — (8 ) — — — — — — — Depreciation and amortization (Note 3) (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 As at 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 amortization (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 Interest capitalized to property and equipment that qualified as borrowing costs amounted to Php1,582 million, Php1,597 million and Php1,455 million for the years ended December 31, 2021, 2020 and 2019, respectively. See Note 5 – Income and Expenses – Financing Costs – Net Note 29 – Notes to the Statements of Cash Flows Our net foreign exchange differences, which qualified as borrowing costs, amounted to Php29 million for the year ended December 31, 2021 and nil for each of the years ended December 31, 2020 and 2019. The cost of fully depreciated property and equipment that are still being used in the Group’s operations amounted to Php77,201 million and Php73,995 million as at December 31, 2021 and 2020, respectively. As at December 31, 2021, 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

Leases

Leases	12 Months Ended
	Dec. 31, 2021
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, 2021 are as follows: Sites 1 – 30 years International leased circuits ( 1) 1 – 10 years Poles ( 2) 1 – 12 years Domestic leased circuits ( 3) 1 – 10 years Office buildings 1 – 25 years Co-located sites 3 – 7 years (1) (2) (3) Our consolidated rollforward analysis of ROU assets as at December 31, 2021 and 2020 are as follows: Sites International Leased Circuits Poles Domestic Leased Circuits Office Buildings Co-located Sites Total (in million pesos) As at December 31, 2020 Costs: Balances at beginning of the year 14,412 4,341 726 1,214 906 11 21,610 Additions (Note 29) 3,538 2,600 2,576 39 582 — 9,335 Asset retirement obligation 556 — — — 172 — 728 Terminations (158 ) (1,181 ) — — (24 ) — (1,363 ) Modifications (294 ) (1,472 ) 79 41 (52 ) (2 ) (1,700 ) Adjustments (3 ) — (11 ) — — — (14 ) Reclassifications (197 ) — — — 197 — — Balances at end of the year 17,854 4,288 3,370 1,294 1,781 9 28,596 Accumulated depreciation and amortization: Balances at beginning of the year (3,926 ) (834 ) (340 ) (183 ) (436 ) (1 ) (5,720 ) Terminations 113 223 — — 37 — 373 Adjustments 1 — — — 1 — 2 Modifications 3 — (7 ) — (4 ) — (8 ) Depreciation (Note 3) (2,764 ) (735 ) (620 ) (244 ) (574 ) (3 ) (4,940 ) Reclassifications 17 — — — (17 ) — — Balances at end of the year (6,556 ) (1,346 ) (967 ) (427 ) (993 ) (4 ) (10,293 ) Net book value as at December 31, 2020 11,298 2,942 2,403 867 788 5 18,303 As at 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 The following amounts are recognized in our consolidated income statements for the years ended December 31, 2021, 2020 and 2019: 2021 2020 2019 (in million pesos) Depreciation expense of ROU assets (Note 3) 5,388 4,940 4,393 Expenses relating to short-term leases (included in general and administrative expenses) (Note 5) 1,459 618 378 Interest expense on lease liabilities (Note 5) 1,170 1,125 1,061 Variable lease payments (included in general and administrative expenses) (Note 5) 771 764 708 Expenses relating to leases of low-value assets (included in general and administrative expenses) (Note 5) 1 2 204 Total amount recognized in consolidated income statements 8,789 7,449 6,744 Our consolidated rollforward analysis of lease liabilities as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Balances at beginning of the year 20,025 16,315 Additions (Note 29) 7,314 11,122 Accretion on lease liabilities (Note 5) 1,170 1,125 Foreign exchange gain (losses) – net 147 (171 ) Lease modifications 33 (1,397 ) Adjustment 11 — Termination (467 ) (1,188 ) Settlement of obligations (6,547 ) (5,781 ) Balances at end of the year (Notes 3 and 29) 21,686 20,025 Less current portion of lease liabilities (Note 28) 4,555 4,043 Noncurrent portion of lease liabilities (Note 28) 17,131 15,982 We had total cash outflows for leases of Php6,547 million, Php5,781 million and Php5,399 million for the years ended December 31, 2021, 2020 and 2019, respectively. We also had non-cash additions to ROU assets of Php7,314 million and Php9,335 million, respectively, as at December 31, 2021 and 2020, respectively. We had non-cash additions to lease liabilities of Php7,314 million and Php11,122 million as at December 31, 2021 and 2020, 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 provide of 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 Note 14 – Investment Properties Future minimum rentals receivable under non-cancellable operating leases as at December 31, 2021 and 2020 are as follows. 2021 2020 (in million pesos) Within one year 51 58 After one year but not more than five years — — More than five years — — 51 58 Sale and Leaseback On January 28, 2020, PLDT was authorized by the Board of Directors to negotiate and enter into a contract for the sale of Smart Headquarters. The transaction is subject to the compulsory notification process of the Philippine Competition Commission, or PCC, pursuant to Sections 12(b) and 16 of the Philippine Competition Act. After undertaking the compulsory notification process, PLDT on September 3, 2020 received the PCC Decision No. 16-M-013/2020 stating that the PCC resolves to take no further action on the transaction considering that it will not likely result in substantial lessening of competition due to the existence of sufficient competitive constraints. On October 5, 2020, PLDT signed the sale agreement with the buyer and received in full the consideration of Php5,500 million plus 12% VAT. The sale does not include the telecommunication assets owned or used by PLDT and Smart that are located in the Smart Headquarters. Smart, the current lessee of the property, continues to occupy the property pursuant to a new contract of lease with the buyer executed on October 5, 2020. The sale and leaseback resulted to a gain of Php3,275 million. The new contract of lease is for a period of five years and stipulates that the lessee has the option to pre-terminate without penalty after the second-year subject to a 12-month notice.

Investments in Associates and J

Investments in Associates and Joint Ventures	12 Months Ended
	Dec. 31, 2021
Investments In Associates And Joint Ventures [Abstract]
Investments in Associates and Joint Ventures	11. Investments in Associates and Joint Ventures As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Carrying value of investments in associates: MediaQuest PDRs 9,984 9,914 VIH 7,080 6,702 Appcard, Inc. 110 102 Asia Outsourcing Beta Limited, or Beta 32 33 Digitel Crossing, Inc., or DCI — 241 AF Payments, Inc., or AFPI — — Asia Netcom Philippines Corp., or ANPC — — 17,206 16,992 Carrying value of investments in joint ventures: VTI, Bow Arken and Brightshare 33,596 32,625 Multisys 2,521 (1) 2,466 (1) Telecommunications Connectivity, Inc., or TCI 39 40 Paymaya Finserve Corporation, or PFC 1 — Voyager Finserve Corporation, or VFC 1 — Beacon — — 36,158 35,131 Total carrying value of investments in associates and joint ventures 53,364 52,123 (1) . Changes in the cost of investments for the years ended December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Balances at beginning of the year 60,110 59,516 Additions during the year 1,777 609 Translation and other adjustments 99 (15 ) Balances at end of the year 61,986 60,110 Changes in the accumulated impairment losses for the years ended December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Balances at beginning of the year 2,603 2,543 Additional impairment (Note 4) 60 60 Translation and other adjustments 92 — Balances at end of the year 2,755 2,603 Changes in the accumulated equity share in net earnings (losses) of associates and joint ventures for the years ended December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Balances at beginning of the year (5,384 ) (3,110 ) Share in the other comprehensive income (losses) of associates and joint ventures accounted for using the equity method 23 (37 ) Equity share in net losses of associates and joint ventures: (1,101 ) (2,328 ) VTI, Bow Arken and Brightshare 971 87 MediaQuest PDRs 70 166 Multisys 55 (73 ) DCI 33 (116 ) Appcard, Inc. 8 — TCI (1 ) — VIH (2,237 ) (2,392 ) Dividends — (316 ) Translation and other adjustments 595 407 Balances at end of the year (5,867 ) (5,384 ) Investments in Associates Investment of ePLDT in MediaQuest PDRs In 2012, ePLDT made deposits totaling Php6 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 investments in PDRs of MediaQuest: • a Php3.6 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; and • a Php1.95 billion investment by ePLDT in PDRs to be issued by MediaQuest in relation to its interest in Hastings, a wholly-owned subsidiary of MediaQuest incorporated in the Philippines. The Hastings PDRs confer an economic interest in common shares of Hastings owned by MediaQuest. Hastings is a wholly- owned subsidiary of MediaQuest and 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. See Note 26 – Pension and Other Employee Benefits – Unlisted Equity Investments – Investment in MediaQuest . The Php6 billion Cignal TV PDRs and Php3.6 billion Satventures PDRs were issued on September 27, 2013. These PDRs provided ePLDT an aggregate of 64% economic interest in Cignal TV. On February 19, 2014, ePLDT’s Board of Directors approved an additional investment of up to Php500 million in Hastings PDRs to be issued by MediaQuest. On March 11, 2014, MediaQuest received from ePLDT an amount aggregating to Php300 million representing additional deposits for future PDRs subscription. As at December 31, 2014, total deposit for PDRs subscription amounted to Php2,250 million. On May 21, 2015, ePLDT’s Board of Directors approved an additional Php800 million investment in Hastings PDRs and settlement of the Php200 million balance of the Php500 million Hastings PDR investment in 2014. Subsequently, on June 1, 2015, the Board of Trustees of the PLDT Beneficial Trust Fund and the Board of Directors of MediaQuest approved the issuance of Php3,250 million Hastings PDRs. This provided ePLDT with 70% economic interest in Hastings. See Note 26 – Pension and Other Employee Benefits – Unlisted Equity Investments – Investment in MediaQuest In 2017, an impairment test was carried out for ePLDT’s investment in MediaQuest PDRs where it showed that an impairment provision must be recognized. In determining the provision, the recoverable amount of the Print business and Pay TV were determined based on VIU calculations. The VIU calculations were derived from cash flow projections over a period of three to five years based on the 2018 financial budgets approved by the Board of Directors and calculated terminal value. Using the detailed projections of Print business for five years and applying a terminal value thereafter, ePLDT calculated a recoverable amount of Php1,664 million. Consequently, ePLDT recognized a provision for impairment of its investment in MediaQuest PDRs in relation to its Print business amounting to Php1,784 million for the year ended December 31, 2017, representing the difference between the recoverable amount and the carrying value of the Print business as at December 31, 2017. No impairment provision was recognized for the Pay TV business. Transfer of Hastings PDRs to PLDT Beneficial Trust Fund On January 22, 2018, ePLDT’s Board of Directors approved the assignment of the Hastings PDRs, representing a 70% economic interest in Hastings to the PLDT Beneficial Trust Fund for a total consideration of Php1,664 million. The assignment was completed on February 15, 2018 and subsequently ePLDT ceased to have any economic interest in Hastings. See Note 26 – Pension and Other Employee Benefits – Unlisted Equity Investments – Investment in MediaQuest. 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 Php9,984 million and Php9,914 million as at December 31, 2021 and 2020, 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, 2021 and 2020, and for the years ended December 31, 2021, 2020 and 2019: 2021 2020 (in million pesos) Statements of Financial Position: Noncurrent assets 22,402 22,287 Current assets 7,942 6,064 Noncurrent liabilities 2,304 2,567 Current liabilities 11,440 10,294 Equity (1) 16,600 15,490 Carrying amount of interest in Satventures 9,984 9,914 Additional Information: Cash and cash equivalents 749 1,350 Current financial liabilities (2) 386 478 Noncurrent financial liabilities (2) 1,319 1,413 (1) (2) . 2021 2020 2019 (in million pesos) Income Statements: Revenues 11,467 9,127 7,367 Depreciation and amortization 1,268 1,049 920 Interest income 2 16 4 Interest expense 219 241 235 Provision for income tax 200 153 165 Net income 110 260 308 Other comprehensive income — — — Total comprehensive income 110 260 308 Equity share in net income of Satventures 70 166 485 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 Voyager Innovations Holdings Pte. Ltd., or VIH, representing 100% of the issued and outstanding ordinary shares of VIH, for a total consideration of Php465 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 Php3,527 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 Php3,806 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 s eats in VIH , which resulted to 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. Investment in Convertible Notes and Warrant Instruments On April 16, 2020, PCEV, KKR, Tencent, IFC and IFC EAF, or the “Subscribers”, entered into a new subscription agreement with VIH amounting to US$120 million. The Notes Subscription Agreement covers the issuance of VIH’s convertible notes, with an aggregate principal amount of US$65 million and issuance of warrants with an aggregate subscription amount of US$55 million. On May 14, 2020, VIH issued the convertible note instruments together with warrant certificates to the Subscribers. PCEV paid US$10.8 million for the VIH notes and received a warrant certificate amounting to US$9.2 million. The investments in convertible notes and warrants are classified as financial assets at FVPL and derivative financial assets, respectively. The convertible notes issued to PCEV with fair value amounting to Php449 million at inception date was revalued on December31, 2020 for US$10.8M or Php519 million and was converted into 7,891,968 VIH Class A2 preferred shares at US$1.3685 per share. Thereafter, PCEV’s ownership was diluted from 48.74% to 43.97%. On March 12, 2021, PCEV, KKR and Tencent exercised their rights to subscribe to additional Class A2 convertible preferred shares of VIH in accordance with the warrant instrument issued by VIH. The total exercise price of US$9.2 million or Php447 million and the fair value of the warrant instrument amounting to Php110 million formed part of the cost of the investment, and PCEV’s ownership interest was diluted from 43.97% to 41.87%. 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%. The summarized financial 2021 2020 (in million pesos) Statements of Financial Position: Noncurrent assets 2,403 1,374 Current assets 10,146 8,940 Noncurrent liabilities 115 682 Current liabilities 5,310 5,980 Equity 7,124 3,652 Carrying amount of interest in VIH 7,080 6,702 Additional Information: Cash and cash equivalents 6,597 5,347 Current financial liabilities* 5,253 5,944 * . 2021 2020 2019 (in million pesos) Income Statements: Revenues 5,336 4,717 1,291 Depreciation and amortization 218 237 254 Interest income (expense) 9 (516 ) 146 Provision for (benefit from) income tax 2 5 (4 ) Net loss (5,541 ) (4,880 ) (4,576 ) Other comprehensive gains (losses) 30 (47 ) (124 ) Total comprehensive income (losses) (5,511 ) 4,927 4,700 Equity share in net losses of VIH (2,237 ) (2,392 ) (2,268 ) The carrying value of PCEV’s investment in VIH as at December 31, 2021 and 2020 are as follows. 2021 2020 (in million pesos) VIH Equity (1) 6,398 3,224 PCEV's noncontrolling interests 38.45 % 43.97 % Share in net assets of VIH 2,460 1,418 Goodwill arising from acquisition 4,620 5,283 Carrying amount of interest in VIH 7,080 6,701 Minority interest's share in net losses — 1 Carrying amount of interest in VIH 7,080 6,702 (1) VIH Equity is net of Php726 million and Php427 million Stock Option in 2021 and 2020, 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 PCEV in Maya Bank Pursuant to the Investment Agreement dated September 21, 2021, PCEV, VIH and Voyager have agreed to invest in Maya Bank, to be carried out through the following transactions: (i) PCEV and VIH to subscribe to VFC shares and PFC shares (collectively, the Bank HoldCos shares); (ii) VFC and PFC (collectively, the Bank HoldCos) and Voyager to subscribe to Maya Bank shares; (iii) VIH to subscribe to convertible bonds to be issued by the Bank HoldCos, which are convertible to common shares of the Bank HoldCos; and (iv) VIH to subscribe to exchangeable bonds to be issued by the Bank HoldCos, which are exchangeable to common shares of Maya Bank held by the Bank HoldCos. On September 24, 2021, PCEV entered into separate subscription agreements with VFC and PFC to subscribe to 8.9 million Common B shares each at a subscription price of Php0.10 per share, representing 60% voting rights and 1.48% economic interest in the Bank HoldCos. Based on the assessment and accounting principles of control as a basis of financial consolidation provided in IFRS 10, PCEV cannot demonstrate control over the Bank HoldCos requiring consolidation. PCEV will account for these investments as joint venture in accordance with IFRS 11 and IAS 28. See Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions PCEV’s investment in Bank HoldCos are recorded under investment in joint venture and are carried in the PLDT’s consolidated financial statements at equity method. As at December 31, 2021, PCEV’s investment in each of the Bank HoldCos amounted to Php1 million. Investment of PGIC 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. The remaining balance of US$2.29 million is held in escrow subject to indemnity claims of the buyer. Investment of PLDT Capital in Beta 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. PGIC is a wholly-owned subsidiary of PLDT Global, which was incorporated under the laws of British Virgin Islands. 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 Php69 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 Php92 million and Php201 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 Php503 million equivalent to 503 million shares at a subscription price of Php1.00 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. In March 2019, Smart infused additional capital of Php70 million as additional subscription of preferred shares. In March 2021 and 2020, Smart infused additional capital of Php60 million each year as additional subscription of preferred shares and retained its 20% equity interest in AFPI as at December 31, 2021 and 2020. The summary of investments in AFPI made by Smart as at December 31, 2021 and 2020 is shown below: 2021 2020 (in million pesos) Common shares 625.7 625.7 Preferred shares 314.2 254.3 Smart’s investment in AFPI has been fully impaired as at December 31, 2021 and 2020. 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, 2021, 2020 and 2019: 2021 2020 2019 (in million pesos) Income Statements: Revenues 20 66 107 Net income (loss) 25 (116 ) 90 Other comprehensive income — — — Total comprehensive income (loss) 25 (116 ) 90 We received nil, Php316 million and nil dividends from our associates for the years ended December 31, 2021, 2020 and 2019, respectively. We have no outstanding contingent liabilities or capital commitments with our associates as at December 31, 2021 and 2020. 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 Php52.8 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 Php17.2 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 owners the net amount of Php2.6 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 Php11,359 million: (i) Php11,038 million from VTI and its subsidiaries; (ii) Php238 million from Bow Arken and its subsidiaries; and (iii) Php83 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 Php4 thousand per subscribed share (inclusive of a premium over par of Php3 thousand per subscribed share) or a total subscription price for each of Php11,040 million (inclusive of a premium over par of Php8,280 million). PLDT and Globe’s assigned advances from SMC which were subsequently reclassified to deposit for future subscription of each amounting to Php11,040 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 Php4 thousand per subscribed share (inclusive of a premium over par of Php3 thousand per subscribed share), or a total subscription price for each Php3,200 million (inclusive of a premium over par of Php2,400 million). PLDT and Globe each paid Php148 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 Php5 thousand per subscribed share (inclusive of a premium over par of Php4 thousand per subscribed share), for a total subscription price of Php3,000 million (inclusive of a premium over par of Php2,400 million). PLDT and Globe each paid Php10 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 Php2,990 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 Php139 million and Php13 million as at December 31, 2021 and 2020, 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 Php18,885 million and goodwill of Php17,824 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, 2021 and 2020, and for the years ended December 31, 2021, 2020 and 2019: 2021 2020 (in million pesos) Statements of Financial Position: Noncurrent assets 76,925 77,099 Current assets 4,836 5,974 Noncurrent liabilities 9,442 11,204 Current liabilities 2,155 2,090 Equity 70,164 69,779 Carrying amount of interest in VTI, Bow Arken and Brightshare 33,596 32,625 Additional Information: Cash and cash equivalents 3,183 3,074 Current financial liabilities* 60 66 Noncurrent financial liabilities* — — * 2021 2020 2019 (in million pesos) Income Statements: Revenues 3,772 3,413 3,339 Depreciation and amortization 1,490 1,445 1,337 Interest income 16 25 64 Provision for income tax 174 196 216 Net income 157 175 70 Other comprehensive income — — — Total comprehensive income 157 175 70 PLDT's share 79 87 35 CREATE adjustment 892 — — Equity share in net income of VTI, Bow Arken and Brightshare 971 87 35 The carrying value of PLDT’s investment in VTI, Bow Arken and Brigtshare as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) VTI, Bow Arken and Brightshare equity 70,164 69,779 PLDT's share 50 % 50 % Share in net assets of VTI, Bow Arken and Brightshare 35,082 34,890 Share in adjustment based on liability and ETPI net cash balance 442 442 Reimbursements (155 ) (145 ) Share in SMC's advances in VTI, Bow Arken and Brightshare (840 ) (840 ) Non-controlling interests (857 ) (748 ) Others (76 ) (974 ) Carrying amount of interest in VTI, Bow Arken and Brightshare 33,596 32,625 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

Financial Assets at FVPL

Financial Assets at FVPL	12 Months Ended
	Dec. 31, 2021
Financial Assets At Fair Value Through Profit Or Loss [Abstract]
Financial Assets at FVPL	12. Financial Assets at FVPL As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Club shares and others 339 319 Phunware — 61 Rocket Internet — — iflix Limited, or iflix — — 339 380 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 Php482 million, resulting to a gain on fair value changes amounting to Php306 million and gain on sales amounting to Php115 million and full divestment of the investment in Phunware. Investment of PLDT Online in Rocket Internet On August 7, 2014, PLDT and Rocket Internet entered into a global strategic partnership to drive the development of online and mobile payment solutions in emerging markets. Rocket Internet provides a platform for the rapid creation and scaling of consumer internet businesses outside the U.S. and China. Rocket Internet’s prominent brands include the leading Southeast Asian e-Commerce businesses Zalora and Lazada, as well as fast growing brands with strong positions in their markets such as Dafiti, Linio, Jumia, Namshi, Lamoda, Jabong, Westwing, Home24 and HelloFresh in Latin America, Africa, Middle East, Russia, India and Europe. Financial technology and payments comprise Rocket Internet’s third sector where it anticipates numerous and significant growth opportunities. Pursuant to the terms of the investment agreement, PLDT invested €333 million, or Php19,577 million, in cash, for new shares equivalent to a 10% stake in Rocket Internet as at August 2014. These new shares are of the same class and bear the same rights as the Rocket Internet shares held by the investors as at the date of the agreement namely, Investment AB Kinnevik and Access Industries, in addition to Global Founders GmbH (formerly European Founders Fund GmbH). PLDT made the €333 million investment in two payments (on September 8 and September 15, 2014), which it funded from available cash and new debt. On August 21, 2014, PLDT assigned all its rights, title and interests as well as all of its obligations related to its investment in Rocket Internet, to PLDT Online, an indirectly wholly-owned subsidiary of PLDT. On October 1, 2014, Rocket Internet announced the pricing of its initial public offering, or IPO, at €42.50 per share. On October 2, 2014, Rocket Internet listed its shares on Entry Standard of the Frankfurt Stock Exchange under the ticker symbol “RKET.” Our ownership stake in Rocket Internet after the IPO was reduced to 6.6%. In February 2015, due to additional issuances of shares by Rocket Internet, our ownership percentage in Rocket Internet was further reduced to 6.1% and remained as such as at December 31, 2017. On September 26, 2016, Rocket Internet applied for admission to trading under the regulated market (Prime Standard) of the Frankfurt Stock Exchange. RKET has been admitted to the Prime Standard and is part of the Frankfurt Stock Exchange’s SDAX. On April 16, 2018, Rocket Internet announced the buyback of up to 15 million shares through a public share purchase offer, or the Offer, against payment of an offer price in the amount of €24 per share. PLDT Online committed to accept the Offer of Rocket Internet for at least 7 million shares, or approximately 67.4% of the total number of shares directly held by PLDT Online. On May 4, 2018, Rocket Internet accepted the tender of PLDT Online of 7 million shares and paid the total consideration of €163 million, or Php10,059 million, which was settled on May 9, 2018, reducing the equity ownership in Rocket Internet from 6.1% to 2.0%. On May 23, 2018, Rocket Internet redeemed 10.8 million shares reducing its share capital to €154 million. As a result of the redemption of shares, PLDT Online’s equity ownership in Rocket Internet increased from 2.0% to 2.1%. On various dates in the third quarter of 2018, PLDT Online sold 0.7 million Rocket Internet shares for an aggregate amount of €22 million, or Php1,346 million, reducing equity ownership in Rocket Internet from 2.1% to 1.7%. On December 6, 2018, Rocket Internet redeemed 1.9 million shares reducing its share capital to €153 million. PLDT Online’s equity ownership in Rocket Internet remained at 1.7% On various dates in 2019, PLDT Online sold 0.7 million Rocket internet shares for an aggregate amount of €18 million, or Php1,021 million, reducing equity ownership in Rocket Internet from 1.7% to 1.3%. On October 9, 2019, Rocket Internet redeemed 1.7 million shares reducing its share capital to €151 million. PLDT Online’s equity ownership in Rocket Internet remained at 1.3% On January 30, 2020, Rocket Internet redeemed 13.5 million shares reducing its share capital to €137 million. As a result of the redemption of shares, PLDT Online’s equity ownership in Rocket Internet increased from 1.3% to 1.4%. On July 31, 2020, Rocket Internet redeemed 1.6 million shares reducing its share capital to €136 million. PLDT Online’s equity ownership in Rocket Internet remained at 1.4% In September 2020, PLDT Online sold 1.4 million Rocket internet shares for an aggregate amount of €26 million, or Php1,508 million, reducing its equity ownership in Rocket Internet from 1.4% to 0.4%. In October 2020, PLDT Online sold 0.5 million Rocket internet shares for an aggregate amount of €9 million, or Php508 million, resulting in the full divestment of the investment in Rocket Internet. Further details on investment in Rocket Internet for the years ended December 31, 2020 and 2019, and as at December 31, 2020 are as follows: 2020 2019 Total market value as at beginning of the year (in million pesos) 2,381 3,128 Closing price per share at end of the year (in Euros) — 22.10 Total market value as at end of the year (in million Euros) — 42 Total market value as at end of the year (in million pesos) — 2,381 Net losses recognized during the year (in million pesos) — 89 2020 (in million pesos) Balances at beginning of the year 2,381 Disposal of investments (2,381 ) Balances at end of the year — Investment of PLDT Online in iflix On April 23, 2015, PLDT Online subscribed to a convertible note of iflix, an internet TV service provider in Southeast Asia, for US$15 million, or Php686 million. The convertible note was issued and paid on August 11, 2015. iflix will use the funds to continue roll out of the iflix subscription video-on-demand services across the Southeast Asian region, acquire rights to new content, and produce original programming to market to potential customers. This investment is in line with our strategy to develop new revenue streams and to complement our present business by participating in the digital world beyond providing access and connectivity. On March 10, 2016, the US$15 million convertible note held by PLDT Online was converted into 20.7 million ordinary shares of iflix in connection with a new funding round led by Sky Plc, Europe’s leading entertainment company, and the Indonesian company, Emtek Group. The conversion resulted on a valuation gain amounting to U$19 million, or Php898 million, increasing the fair value of PLDT Online’s investment amounting to US$34 million, or Php1,584 million. On August 4, 2017, PLDT Online subscribed to a convertible note of iflix for US$1.5 million, or Php75 million, in a new funding round led by Hearst Entertainment. The convertible note was paid on August 8, 2017. The note is zero coupon, senior and unsubordinated, non-redeemable, transferable and convertible into Series B Preferred Shares subject to occurrence of a conversion event. iflix will use the funds to invest in its local content strategy and for its regional and international expansion. On December 15, 2018, the US$1.5 million convertible note held by PLDT Online was converted into 1.0 million Series B Preferred Shares of iflix upon the occurrence of the cut-off date. After the conversion of all outstanding convertible notes, PLDT Online’s equity ownership in iflix was reduced from 7.3% to 5.3%. In 2019, due to additional issuances of shares by iflix, PLDT Online’s equity ownership in iflix was reduced from 5.3% to 4.9%. On June 19, 2020, iflix entered into an asset purchase agreement with Tencent group relating to the sale of its major assets including trademark, content, platform and resources for a total consideration of US$22.5 million. Upon closing of the transaction on June 24, 2020, the remaining assets of iflix are its existing cash, receivables and the right to pursue certain ongoing arbitration proceedings against certain business counterparties which it intends to use for the settlement of its liabilities. As a result, PLDT Online derecognized its investment in iflix composed of ordinary and Series B Preferred Shares which rank last and second to the last, respectively, with respect to rights upon liquidation, dissolution and winding up of iflix. The derecognition amounting to Php599 million was charged to “Other income (expenses) – net” in our consolidated income statement in 2020. See Note 4 – Operating Segment Information.

Debt Instruments at Amortized C

Debt Instruments at Amortized Cost	12 Months Ended
	Dec. 31, 2021
Debt Instruments Held [Abstract]
Debt Instruments at Amortized Cost	13. Debt Instruments at Amortized Cost As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Retail Treasury Bonds 400 — Time deposits 207 1,153 GT Capital Bond — — 607 1,153 Less: Current portion of debt instrument at amortized cost (Note 28) 207 — Noncurrent portion of debt instrument at amortized cost (Note 28) 400 1,153 Retail Treasury Bonds On March 9, 2021, Smart purchased at par a three-year On December 2, 2021, PLDT and Smart purchased at par a 5.5 year Retail Treasury Bond Tranche 26 with face value of Php300 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 under IFRS 9. Interest income, net of withholding tax, recognized on this investment amounted to Php904 thousand for the year ended December 31, 2021. The carrying value of this investment amounted to Php300 million as at December 31, 2021. 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. Interest income, net of withholding tax, recognized on this investment amounted to US$63 thousand, or Php3.1 million, and US$39 thousand, or Php1.9 million, for the years ended December 31, 2021 and 2020, respectively. Investment was preterminated on October 21, 2021. The carrying value of this investment amounted to nil 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. Interest income, net of withholding tax, recognized on this investment amounted to US$69 thousand, or Php3.4 million, and US$43 thousand, or Php2.1 million, for the years ended December 31, 2021 and 2020, respectively. Investment was preterminated on October 21, 2021. The carrying value of this investment amounted to nil In July 2020, PLDT and Smart invested US$2.0 million each in a two-year time deposit with Landbank of the Philippines, or LBP, maturing on July 29, 2022 and August 1, 2022, respectively, at a gross coupon rate of 2.00 %. These long-term fixed rate time deposits pay interest on a yearly basis or an estimate of 360 days . The deposit may be terminated prior to maturity at the applicable pretermination rates. Interest income, net of withholding tax, recognized on this investment amounted to US$ 68 thousand, or Php 3.5 million, and US$ 30 thousand, or Php 1.4 million, for the years ended December 31, 2021 and 2020, respectively. The carrying value of this investment amounted to Php 207 million and Php 193 million as at December 31, 2021 and 2020, respectively. GT Capital Bond In February 2013, Smart purchased at par a seven-year GT Capital Bond with face value of Php150 million which matured on February 27, 2020. The bond has a gross coupon rate of 4.84% payable on a quarterly basis and was recognized as HTM investment. Starting January 1, 2018, the bond was classified as debt instrument at amortized cost under IFRS 9. Interest income, net of withholding tax, recognized on this investment amounted to Php1 million for the year ended December 31, 2020. 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 Php100 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 under IFRS 9.

Investment Properties

Investment Properties	12 Months Ended
	Dec. 31, 2021
Disclosure Of Investment Property [Abstract]
Investment Properties	14. Investment Properties Changes in investment properties account for the years ended December 31, 2021 and 2020 are as follows: Land Land Improvements Building Total (in million pesos) December 31, 2021 Balances at beginning of the year 728 4 163 895 Net gains (losses) from fair value adjustments charged to profit or loss 43 (1 ) (8 ) 34 Balances at end of the year 771 3 155 929 December 31, 2020 Balances at beginning of the year 607 5 166 778 Transfers from property and equipment 70 — 4 74 Net gains (losses) from fair value adjustments charged to profit or loss 51 (1 ) (7 ) 43 Balances at end of the year 728 4 163 895 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 Php35 to Php35 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 Php78 million, Php70 million and Php65 million and 2019, respectively. Rental income relating to investment properties that are being leased and included as part of revenues amounted to Php48 million, Php51 million and Php49 million for the years ended December 31, 2021, 2020 and 2019, 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, 2021
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, 2021 and 2020 are as follows: Intangible Assets with Indefinite Life Intangible Assets with Finite Life Total Intangible Assets with Total Total Goodwill and Trademark Trademark Franchise Licenses Customer List Spectrum Others Finite Life Intangible Assets Goodwill Intangible Assets (in million pesos) 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 (Notes 4 and 5) — 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 — — — — December 31, 2020 Costs: Balances at beginning and end of the year 4,505 — 3,016 1,079 4,726 1,205 775 10,801 15,306 62,033 77,339 Reclassification (4,505 ) 4,505 — — — — — 4,505 — — — Translation and other adjustments — — — (944 ) (23 ) — (4 ) (971 ) (971 ) — (971 ) Balances at end of the year — 4,505 3,016 135 4,703 1,205 771 14,335 14,335 62,033 76,368 Accumulated amortization and impairment: Balances at beginning of the year — — 1,520 1,059 4,301 1,205 775 8,860 8,860 654 9,514 Amortization during the year (Notes 4 and 5) — 1,877 186 8 425 — — 2,496 2,496 — 2,496 Translation and other adjustments — — — (944 ) (23 ) — (4 ) (971 ) (971 ) — (971 ) Balances at end of the year — 1,877 1,706 123 4,703 1,205 771 10,385 10,385 654 11,039 Net balances at end of the year — 2,628 1,310 12 — — — 3,950 3,950 61,379 65,329 Estimated useful lives (in years) — 1 16 18 — — — — — — — Remaining useful lives (in years) — 1 7 2 — — — — — — — The consolidated goodwill and intangible assets of our reportable segments as at December 31, 2021 and 2020 are as follows: 2021 2020 Wireless Fixed Line Total Wireless Fixed Line Total (in million pesos) Franchise 1,124 — 1,124 1,310 — 1,310 Licenses 4 — 4 12 — 12 Trademark — — — 2,628 — 2,628 Others — 28 28 — — — Total intangible assets 1,128 28 1,156 3,950 — 3,950 Goodwill 56,571 4,808 61,379 56,571 4,808 61,379 Total goodwill and intangible assets 57,699 4,836 62,535 60,521 4,808 65,329 The consolidated future amortization of intangible assets as at December 31, 2021 are as follows: Year (in million pesos) 2022 196 2023 192 2024 192 2025 191 2026 and onwards 385 1,156 Amortization of Sun Cellular Trademark Trademark pertains to the “ Sun Cellular 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 amortized Php2,628 million and Php1,877 million for the years ended December 31, 2021 and 2020, respectively, of the “ Sun Cellular Note 2 – Summary of Significant Accounting Policies – Sun Prepaid Rebranding to Smart Prepaid 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, 2021, the PLDT Group’s goodwill comprised of goodwill resulting from acquisition of PLDT’s additional investment in PG1 in 2014, 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 for each of the years ended December 31, 2021 and 2020. The accumulated impairment balance as at December 31, 2021 and 2020 is comprised of Php438 million from PLDT’s acquisition of Digitel and Php216 million from ePLDT’s acquisition of AGS.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2021
Cash And Cash Equivalents [Abstract]
Cash and Cash Equivalents	16. Cash and Cash Equivalents As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Cash on hand and in banks (Note 28) 10,616 9,526 Temporary cash investments (Note 28) 13,291 30,711 23,907 40,237 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 Php269 million, Php560 million and Php1,022 million for the years ended December 31, 2021, 2020 and 2019, respectively. See Note 5 – Income and Expenses

Trade and Other Receivables

Trade and Other Receivables	12 Months Ended
	Dec. 31, 2021
Trade And Other Receivables [Abstract]
Trade and Other Receivables	17. Trade and Other Receivables As at December 31, 2021 and 2020, this account consists of receivables from: 2021 2020 (in million pesos) Retail subscribers (Note 28) 15,676 17,142 Corporate subscribers (Note 28) 13,079 13,318 Foreign administrations (Note 28) 1,341 1,520 Domestic carriers (Note 28) 241 226 Dealers, agents and others (Note 28) 5,288 6,098 35,625 38,304 Less: Allowance for expected credit losses 13,835 16,251 21,790 22,053 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 The following table explains the changes in the allowance for expected credit losses as at December 31, 2021 and 2020: 2021 Retail Subscribers Corporate Subscribers Foreign Administrations Domestic Carriers Dealers, Agents and Others 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) Balances at beginning of the year — 2,433 7,557 — 1,380 3,478 9 227 3 58 135 971 — 3,960 12,291 16,251 Provisions and other adjustments (Note 5) — (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 2020 Retail Subscribers Corporate Subscribers Foreign Administrations Domestic Carriers Dealers, Agents and Others 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) Balances at beginning of the year — 926 9,766 — 732 3,870 3 374 4 86 98 1,045 — 1,763 15,141 16,904 Provisions (Note 5) — 2,387 2,550 — 1,020 438 6 (20 ) (1 ) (3 ) 52 17 — 3,464 2,982 6,446 Reclassifications and reversals — (840 ) 1,015 — (358 ) 324 — (111 ) — (4 ) (15 ) (6 ) — (1,213 ) 1,218 5 Write-offs — (40 ) (5,774 ) — — (1,151 ) — (16 ) — (21 ) — (85 ) — (40 ) (7,047 ) (7,087 ) Translation adjustments — — — — (14 ) (3 ) — — — — — — — (14 ) (3 ) (17 ) Balances at end of the year — 2,433 7,557 — 1,380 3,478 9 227 3 58 135 971 — 3,960 12,291 16,251 The significant changes in the balances of trade and other receivables and contract assets are disclosed in Note 5 – Income and Expenses Note 28 – Financial Assets and Liabilities

Inventories and Supplies

Inventories and Supplies	12 Months Ended
	Dec. 31, 2021
Classes Of Inventories [Abstract]
Inventories and Supplies	18. Inventories and Supplies As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Commercial: At net realizable value ( 1) 2,109 1,406 At cost 2,835 1,755 Network: At net realizable value ( 1) 515 420 At cost 1,702 1,445 Others: At net realizable value ( 1) 1,038 2,259 At cost 1,813 3,248 Total inventories and supplies at the lower of cost or net realizable value 3,662 4,085 (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, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Cost of sales 7,375 8,882 9,528 Repairs and maintenance 850 613 823 Provisions (Note 5) 847 934 471 Selling and promotions 9 3 138 9,081 10,432 10,960 Changes in the allowance for inventory obsolescence and write-down for the years ended December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Balances at beginning of the year 2,363 2,303 Provisions (Note 5) 847 934 Translation revaluation 2 (1 ) Reversals (11 ) (346 ) Reclassification (73 ) (209 ) Cost of sales (440 ) (262 ) Write-off — (56 ) Balances at end of the year 2,688 2,363

Prepayments

Prepayments	12 Months Ended
	Dec. 31, 2021
Prepayments [Abstract]
Prepayments	19. Prepayments As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Advances to suppliers and contractors 82,749 55,891 Prepaid taxes 15,652 15,241 Prepaid fees and licenses 1,631 1,182 Prepaid benefit costs (Note 26) 1,018 1,021 Prepaid rent 574 401 Prepaid repairs and maintenance 531 228 Prepaid insurance (Note 25) 163 130 Other prepayments 5,166 2,672 107,484 76,766 Less current portion of prepayments 12,707 10,657 Noncurrent portion of prepayments 94,777 66,109 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

Equity

Equity	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Equity	20. Equity PLDT’s number of shares of subscribed and outstanding capital stock as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) 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 Php3 billion, of which Php360 million has been paid. There were no changes in PLDT’s capital account for the year ended December 31, 2021. The change in PLDT’s capital account for the year ended December 31, 2020 is the redemption and retirement of 870 shares of Series JJ 10% Cumulative Convertible Preferred stock with a par value of Php10.00 per share effective May 12, 2020. 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 Php1.00 each, and 807.5 million shares of Non-Voting Serial Preferred Stock with a par value of Php10.00 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 subscription Shares December 31, 2021 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 Php4,029 million (the amount required to fund the redemption price for the Series A to FF Shares) in addition to Php4,143 million for unclaimed dividends on Series A to FF Shares, or a total amount of Php8,172 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 Php236 thousand (the amount required to fund the redemption price for the Series GG Shares) in addition to Php74 thousand for unclaimed dividends on Series GG Shares, or a total amount of Php310 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 Php24 thousand (the amount required to fund the redemption price for the Series HH Shares issued in 2007) in addition to Php6 thousand for unclaimed dividends on Series HH Shares issued in 2007, or a total amount of Php30 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 Php2 thousand (the amount required to fund the redemption price of Series HH Shares issued in 2008) in addition to Php1 thousand for unclaimed dividends on Series HH Shares issued in 2008, or a total amount of Php3 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 Php4 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. PLDT withdrawn Php7 million, Php2 million and Php11 million from the Trust Account, representing total payments on redemption for the years ended December 31, 2021, 2020 and 2019, respectively. The balance of the Trust Account of Php7,842 and Php7,849 million, net of the eliminated Php986 million perpetual notes issued by Smart to RCBC, were presented as part of “Current portion of other financial assets” as at December 31, 2021 and 2020, 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 Note 28 – Financial Assets and Liabilities On January 20, 2022, RCBC returned to PLDT the remaining unclaimed balance of the Trust Account for the Series A to FF, amounting to Php7,839 million. PLDT’s obligations to pay the trust amounts for Series A to FF has also prescribed, resulting in the recognition of income in 2022 for the same amount as the unclaimed Trust Account that RCBC returned to PLDT. 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 Php2,388 per share for a total consideration of Php6,505 million in accordance with the share buyback program. There were no further buyback transactions subsequent to November 2010. Dividends Declared Our dividends declared for years ended December 31, 2021, 2020 and 2019 are detailed as follows: December 31, 2021 Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Non-Convertible Redeemable Preferred Stock 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 * December 31, 2020 Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Convertible Redeemable Preferred Stock Series JJ April 8, 2020 February 11, 2020 May 12, 2020 0.0027/day — Cumulative Non-Convertible Redeemable Preferred Stock 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 * December 31, 2019 Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Convertible Redeemable Preferred Stock Series JJ May 9, 2019 May 31, 2019 June 28, 2019 1.00 — Cumulative Non-Convertible Redeemable Preferred Stock Series IV* January 29, 2019 February 22, 2019 March 15, 2019 — 12 May 9, 2019 May 24, 2019 June 15, 2019 — 12 August 8, 2019 August 27, 2019 September 15, 2019 — 13 November 7, 2019 November 22, 2019 December 15, 2019 — 12 49 Voting Preferred Stock March 7, 2019 March 27, 2019 April 15, 2019 — 3 June 11, 2019 June 28, 2019 July 15, 2019 — 2 September 24, 2019 October 8, 2019 October 15, 2019 — 2 December 3, 2019 December 18, 2019 January 15, 2019 — 3 10 Common Stock Regular Dividend March 21, 2019 April 4, 2019 April 23, 2019 36.00 7,778 August 8, 2019 August 27, 2019 September 10, 2019 36.00 7,778 15,556 Charged to retained earnings 15,615 * Our dividends declared after December 31, 2021 are detailed as follows: Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Non-Convertible Redeemable Preferred Stock (*) Series IV January 25, 2022 February 21, 2022 March 15, 2022 — 12 Voting Preferred Stock March 3, 2022 March 23, 2022 April 15, 2022 — 2 Common Stock Regular Dividend March 3, 2022 March 17, 2022 April 4, 2022 42.00 9,075 Charged to retained earnings 9,089 * Perpetual Notes Smart issued Php2,610 million and Php1,590 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 Php35 million were accounted as a deduction from the perpetual notes. Smart paid distributions amounting to Php236 million as at December 31, 2021 and 2020. On July 18, 2017, Smart issued Php1,100 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 Php5 million were accounted as a deduction from the perpetual notes. Smart paid distributions amounting to Php57 million each as at December 31, 2021 and 2020. This transaction was eliminated in our consolidated financial statements. On January 18, 2022, Smart redeemed the Php1,100 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 Php4,700 million perpetual notes to DMPI under the Notes Facility Agreement dated September 16, 2019. The transaction cost amounting to Php35 million was accounted as a deduction from the perpetual notes. Smart paid distributions amounting to Php281 million each as at December 31, 2021 and 2020. 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. In accordance with IAS 32, Financial Instruments: Presentation 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, 2021: (in million pesos) Consolidated unappropriated retained earnings available for dividends as at December 31, 2020 25,652 Effect of IAS 27, Consolidated and Separate Financial Statements 6,429 Parent Company’s unappropriated retained earnings available for dividends at beginning of the year 32,081 Less: Cumulative unrealized income – net of tax: Fair value adjustments of investment property resulting to gain (1,145 ) Unrealized foreign exchange gains – net (except those attributable to cash and cash equivalents) (2,362 ) Fair value adjustments (mark-to-market gains) (3,440 ) Parent Company’s unappropriated retained earnings available for dividends as at January 1, 2021 25,134 Parent Company’s net income for the year 22,944 Less: Fair value adjustment of investment property resulting to gain (27 ) Fair value adjustments (mark-to-market gains) (771 ) 22,146 Less: Cash dividends declared during the year Preferred stock (59 ) Common stock (17,717 ) (17,776 ) Parent Company’s unappropriated retained earnings available for dividends as at December 31, 2021 29,504 As at December 31, 2021, our consolidated unappropriated retained earnings amounted to Php34,243 million while the Parent Company’s unappropriated retained earnings amounted to Php37,249 million. The difference of Php3,006 million pertains to the effect of IAS 27, Separate Financial Statements, As at December 31, 2020, our consolidated unappropriated retained earnings amounted to Php25,652 million while the Parent Company’s unappropriated retained earnings amounted to Php32,081 million. The difference of Php6,429 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, 2021
Disclosure Of Detailed Information About Borrowings [Abstract]
Interest-bearing Financial Liabilities	21. Interest-bearing Financial Liabilities As at December 31, 2021 and 2020, this account consists of the following: 2021 2020 (in million pesos) Long-term portion of interest-bearing financial liabilities: Long-term debt (Notes 28 and 29) 241,075 205,195 Current portion of interest-bearing financial liabilities: Long-term debt maturing within one year (Notes 28 and 29) 11,482 17,570 252,557 222,765 Unamortized debt discount, representing 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 Php2,857 million and Php1,262 million as at December 31, 2021 and 2020, respectively. See Note 28 – Financial Assets and Liabilities The following table describes all changes to unamortized debt discount for the years ended December 31, 2021 and 2020: 2021 2020 (in million pesos) Unamortized debt discount at beginning of the year 1,262 491 Additions during the year 1,768 927 Revaluations during the year 13 (10 ) Accretion during the year included as part of financing costs – net (Note 5) (186 ) (146 ) Unamortized debt discount at end of the year 2,857 1,262 Long-term Debt As at December 31, 2021 and 2020, long-term debt consists of: 2021 2020 Description Interest Rates U.S. Dollar Php U.S. Dollar Php (in millions) U.S. Dollar Debts: Fixed Rate Notes 2.5000% to 3.4500% in 2021 and 2020 588 29,971 587 28,179 Term Loans: Others 2.8850% and US$ LIBOR + 0.7900% to 1.0500% in 2021 and 2.8850% and US$ LIBOR + 0.7900% to 1.45000% in 2020 205 10,468 264 12,693 793 40,439 851 40,872 Philippine Peso Debts: Fixed Rate Corporate Notes 5.6423% in 2021 and 5.6423% to 5.9058% in 2020 — 3,854 Fixed Rate Retail Bonds 5.2250% to 5.2813% in 2021 and 2020 2,594 14,989 Term Loans: Unsecured Term Loans 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 and 3.9000% to 6.7339%; PHP BVAL + 0.5000% to 1.0000% (floor rate 4.5000%), PDST-R2 + 0.5000% to 0.6000% and TDF + 0.2500% in 2020 209,524 163,050 212,118 181,893 Total long-term debt (Notes 28 and 29) 252,557 222,765 Less portion maturing within one year (Note 28) 11,482 17,570 Noncurrent portion of long-term debt (Note 28) 241,075 205,195 The scheduled maturities of our consolidated outstanding long-term debt at nominal values as at December 31, 2021 are as follows: U.S. Dollar Debt Php Debt Total Year U.S. Dollar Php Php Php (in millions) 2022 44 2,262 9,592 11,854 2023 39 1,988 25,943 27,931 2024 39 1,988 14,280 16,268 2025 14 714 21,970 22,684 2026 14 713 14,155 14,868 2027 and onwards 656 33,439 128,370 161,809 Total long-term debt (Note 28) 806 41,104 214,310 255,414 Repurchase Outstanding Amounts Amount 2021 2020 Loan Amount Issuance Date Trustee Terms Php Dates Paid in full on U.S. Dollar Php U.S. Dollar Php (in millions) (in millions) Fixed Rate Notes (1) PLDT US$300M June 23, 2020 The Bank of New York Mellon, London Branch Non-amortizing, payable in full upon maturity on January 23, 2031 — — — 295 (*) 15,017 (*) 294 (*) 14,110 (*) PLDT US$300M June 23, 2020 The Bank of New York Mellon, London Branch Non-amortizing, payable in full upon maturity on June 23, 2050 — — — 293 (*) 14,954 (*) 293 (*) 14,069 (*) 588 29,971 587 28,179 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The purpose of this loan is to refinance debt maturing in 2020 and 2021, prepay outstanding loans and partially finance capital expenditures. Date of Drawn Cancelled Undrawn Outstanding Amounts Amount Amount 2021 2020 Loan Amount Loan Agreement Lender(s) Terms Dates Drawn U.S. Dollar Paid in full on U.S. Dollar Php U.S. Dollar Php (in millions) (in millions) U.S. Dollar Debts Other Term Loans (1) PLDT US$100M August 5, 2014 Philippine National Bank, or PNB Annual amortization rate of 1% of the issue price on the first-year up to the fifth-year from the initial drawdown date, with final installment on August 11, 2020 Various dates in 2014 100 — August 11, 2020 — — — — PLDT US$50M August 29, 2014 Metrobank Annual amortization rate of 1% of the issue price payable semi-annually starting on the first-year up to the fifth-year anniversary of from the initial drawdown date and the balance payable upon maturity on September 2, 2020 September 2, 2014 50 — September 2, 2020 — — — — PLDT US$200M Tranche A: US$150M; Tranche B: US$50M February 26, 2015 MUFG Bank, Ltd. 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-annual amortizations of 7.5% starting on the third repayment date, with final installment on February 25, 2022 Various dates in 2015 200 — February 24, 2022 15 (*) 764 (*) 45 (*) 2,157 (*) Smart US$200M March 4, 2015 Mizuho Bank Ltd. 9 equal semi-annual installments commencing on the date which falls 12 months after the loan date, with final installment on March 4, 2020 Various dates in 2015 200 — March 4, 2020 — — — — 15 764 45 2,157 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) Drawn Cancelled Undrawn Outstanding Amounts Date of Amount Amount 2021 2020 Loan Amount Loan Agreement Lender(s) Terms Dates Drawn U.S. Dollar Paid in full on U.S. Dollar Php U.S. Dollar Php (in millions) (in millions) Smart US$100M December 7, 2015 Mizuho Bank Ltd. 13 equal semi-annual installments commencing on the date which falls 12 months after the loan date, with final installment on December 7, 2022 Various dates in 2016 100 — — 15 (*) 781 (*) 30 (*) 1,469 (*) PLDT US$25M March 22, 2016 NTT TC Leasing Co., Ltd., or NTT TC Leasing (1) Non-amortizing, payable upon maturity on March 30, 2023 March 30, 2016 25 — — 25 (*) 1,272 (*) 25 (*) 1,197 (*) PLDT US$25M January 31, 2017 NTT TC Leasing (1) Non-amortizing, payable upon maturity on March 27, 2024 March 30, 2017 25 — — 25 (*) 1,271 (*) 25 (*) 1,195 (*) Smart US$140M March 4, 2020 PNB 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 December 14, 2020 140 — — 125 (*) 6,380 (*) 139 (*) 6,675 (*) 190 9,704 219 10,536 205 10,468 264 12,693 (*) (1) Date of Date of Payments Outstanding Amounts Loan Issuance/ Amount 2021 2020 Loan Amount Agreement Facility Agent Installments Drawdown Php Date Php Php (in millions) (in millions) Philippine Peso Debts Fixed Rate Corporate Notes (1) PLDT Php8,800M Series A: Php4,610M; September 19, 2012 Metrobank Series A: 1% annual amortization on the first up to sixth-year, with the balance payable on September 21, 2019; September 21, 2012 2,055 2,741 3,521 June 21, 2013 September 23, 2019 December 21, 2021 — 3,560 Series B: Php4,190M Series B: 1% annual amortization on the first up to ninth-year, with the balance payable on September 21, 2022 PLDT Php6,200M Series A: 7-year notes Php3,775M; November 20, 2012 BDO Series A: Annual amortization rate of 1% of the issue price on the first-year up to the sixth-year from issue date and the balance payable upon maturity on November 22, 2019 November 22, 2012 3,549 February 22, 2019 — — Series B: 10-year notes Php2,425M Series B: Annual amortization rate of 1% of the issue price on the first-year up to the ninth-year from issue date and the balance payable upon maturity on November 22, 2022 2,255 November 23, 2020 — — PLDT Php2,055M Series A: Php1,735M; June 14, 2013 Metrobank Series A: Annual amortization rate of 1% of the issue price up to the fifth-year and the balance payable upon maturity on September 21, 2019 June 21, 2013 1,644 291 September 23, 2019 December 21, 2021 — 294 Series B: Php320M Series B: Annual amortization rate of 1% of the issue price up to the eighth-year and the balance payable upon maturity on September 21, 2022 — 3,854 (1) Date of Payments Outstanding Amounts Issuance/ Amount 2021 2020 Loan Amount Agreement Paying Agent Terms Drawdown Php Date Php Php (in millions) (in millions) Fixed Rate Retail Bonds (1) PLDT Php15,000M January 22, 2014 Philippine Depositary Trust Corp. Php12.4B – non-amortizing, payable in full upon maturity on February 6, 2021; Php2.6B – non-amortizing payable in full on February 6, 2024 February 6, 2014 12,400 February 8, 2021 2,594 (*) 14,989 (*) (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The purpose of this loan is to finance capital expenditures and/or refinance existing loan obligations which were utilized for network expansion and improvement programs. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 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 Php2,000M March 20, 2012 RCBC 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 April 12, 2012 2,000 — January 12, 2022 1,900 1,920 PLDT Php1,000M September 3, 2012 Union Bank of the Philippines, or Union Bank Annual amortization rate of 1% on the first-year up to the sixth-year from the initial drawdown date and the balance payable upon maturity on January 13, 2020 January 11, 2013 1,000 — January 13, 2020 — — PLDT Php1,000M October 11, 2012 AIA Philippines Life and General Company, or AIA Life, formerly Philippine American Life and General Insurance Company Payable in full upon maturity on December 5, 2022 December 3, 2012 1,000 — December 3, 2020 — — PLDT Php2,000M November 13, 2013 Bank of the Philippine Islands, or BPI Annual amortization rate of 1% on the first-year up to the sixth-year from the initial drawdown and the balance payable upon maturity on November 22, 2020 Various dates in 2013-2014 2,000 — August 24, 2020 — — Smart Php3,000M November 25, 2013 Metrobank Annual amortization rate of 10% of the total amount drawn for six-years and the final installment is payable upon maturity on November 27, 2020 November 29, 2013 3,000 — September 29, 2020 — — 1,900 1,920 (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 Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php3,000M December 3, 2013 BPI Annual amortization rate of 1% of the total amount drawn for the first six-years and the final installment is payable upon maturity on December 10, 2020 December 10, 2013 3,000 — October 9, 2020 — — Smart Php3,000M January 29, 2014 LBP 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 and the balance payable upon maturity on February 5, 2021 February 5, 2014 3,000 — November 18, 2020 — — Smart Php500M February 3, 2014 LBP 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 and the balance payable upon maturity on February 5, 2021 February 7, 2014 500 — November 18, 2020 — — Smart Php2,000M March 26, 2014 Union Bank 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 and the balance payable upon maturity on March 29, 2021 March 28, 2014 2,000 — October 30, 2020 — — PLDT Php1,500M April 2, 2014 AIA Life Payable in full upon maturity on April 4, 2024 April 4, 2014 1,500 — January 31, 2022 1,500 1,500 Smart Php500M April 2, 2014 BDO 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 and the balance payable upon maturity on April 2, 2021 April 4, 2014 500 — October 30, 2020 — — 1,500 1,500 Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php1,000M May 23, 2014 AIA Life Payable in full upon maturity on May 28, 2024 May 28, 2014 1,000 — February 28, 2022 1,000 1,000 PLDT Php1,000M June 9, 2014 LBP 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 June 13, 2014 1,000 — — 930 940 PLDT Php1,500M July 28, 2014 Union Bank 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 July 31, 2014 1,500 — — 1,395 1,410 PLDT Php2,000M February 25, 2015 BPI 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 March 24, 2015 2,000 — — 1,810 (*) 1,900 PLDT Php3,000M June 26, 2015 BPI 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 June 30, 2015 3,000 — — 2,820 2,850 PLDT Php5,000M August 3, 2015 Metrobank 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 Various dates in 2015 5,000 — — 4,700 4,750 12,655 12,850 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php5,000M August 11, 2015 Metrobank 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 September 1, 2025 September 1, 2015 5,000 — — 4,690 (*) 4,737 (*) Smart Php5,000M December 11, 2015 BPI 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 December 21, 2015 5,000 — — 4,689 (*) 4,736 (*) Smart Php5,000M December 16, 2015 Metrobank 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 December 28, 2015 5,000 — — 4,688 (*) 4,736 (*) Smart Php7,000M December 18, 2015 China Banking Corporation, or CBC 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 December 28, 2015 and February 24, 2016 7,000 — — 4,199 (*) 4,897 (*) PLDT Php3,000M July 1, 2016 Metrobank 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 February 20, 2017 3,000 — — 2,872 (*) 2,900 (*) PLDT Php6,000M July 1, 2016 Metrobank 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 August 30, 2016 and November 10, 2016 6,000 — — 5,692 (*) 5,748 (*) 26,830 27,754 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php8,000M 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, 2017 8,000 — — 7,338 (*) 7,495 (*) PLDT Php6,500M September 20, 2016 BPI 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 November 2, 2016 and December 19, 2016 6,500 — — 6,165 (*) 6,225 (*) Smart Php3,000M September 28, 2016 BDO 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 October 5, 2016 3,000 — — 2,850 2,880 Smart Php5,400M September 28, 2016 Union Bank 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 October 24, 2016 and November 21, 2016 5,400 — — 5,126 (*) 5,178 (*) PLDT Php5,300M October 14, 2016 BPI 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 December 19, 2016 5,300 — — 5,027 (*) 5,076 (*) Smart Php2,500M October 27, 2016 CBC Annual amortization rate of 10% of the amount drawn starting on the third-year up to the sixth-year, with balance payable upon maturity on December 8, 2023 December 8, 2016 2,500 — — 1,750 2,000 28,256 28,854 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php4,000M (1) October 28, 2016 Security Bank 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 April 5, 2017 4,000 — — 1,899 (*) 1,917 (*) Smart Php1,000M December 16, 2016 PNB 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 December 7, 2017 1,000 — — 925 (*) 970 Smart Php2,000M December 22, 2016 LBP 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 January 22, 2018 2,000 — — 1,940 1,960 PLDT Php3,500M December 23, 2016 LBP 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 April 5, 2017 3,500 — — 3,350 (*) 3,383 (*) Smart Php1,500M April 18, 2017 PNB 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 January 3, 2018 1,500 — — 1,455 1,470 PLDT Php2,000M May 24, 2017 Security Bank Semi-annual amortization rate of Php10 million starting on October 5, 2017 and every six months thereafter with the balance payable upon maturity on April 5, 2027 May 29, 2017 2,000 — — 1,910 1,930 11,479 11,630 (*) 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 Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php3,500M July 5, 2017 LBP 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 July 10, 2017 3,500 — — 3,360 3,395 PLDT Php1,500M August 29, 2017 LBP 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 3, 2028 April 2, 2018 1,500 — — 1,458 (*) 1,470 Smart Php1,000M September 28, 2017 Union Bank Annual amortization rate of 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 February 21, 2028 February 19, 2018 1,000 — December 10, 2021 — 980 PLDT Php2,000M April 19, 2018 LBP 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 April 25, 2018 2,000 — — 1,767 (*) 1,960 PLDT Php1,000M April 20, 2018 LBP 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 May 3, 2018 1,000 — — 878 (*) 980 PLDT Php2,000M May 9, 2018 BPI 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 May 10, 2018 2,000 — — 1,773 (*) 1,960 9,236 10,745 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php2,000M May 25, 2018 BPI 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 May 28, 2018 2,000 — — 1,933 (*) 1,951 (*) Smart Php1,500M June 27, 2018 Development Bank of the Philippines, or DBP 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 the advance and the balance payable upon maturity on June 28, 2024 June 28, 2018 1,500 — — 1,485 1,500 Smart Php3,000M July 31, 2018 BPI 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 August 10, 2018 3,000 — — 2,894 (*) 2,922 (*) Smart Php5,000M January 11, 2019 DBP 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 May 6, 2019 September 2, 2019 2,000 3,000 — — 4,865 (*) 4,980 (*) PLDT Php8,000M February 18, 2019 Union Bank Annual amortization rate equivalent to 1% of the amount drawn starting on the first-year anniversary up to the ninth-year anniversary of the initial drawdown date and the balance payable upon maturity on July 11, 2029 July 11, 2019 September 6, 2019 October 1, 2019 November 5, 2019 3,000 2,000 1,000 2,000 — — 7,822 (*) 7,900 (*) Smart Php4,000M February 21, 2019 PNB Annual amortization rate equivalent to 1% of the amount drawn starting on the first-year anniversary up to the seventh-year anniversary of the initial drawdown date and the balance payable upon maturity on March 11, 2027 March 11, 2019 4,000 — — 3,708 (*) 3,936 (*) 22,707 23,189 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php2,000M April 11, 2019 Bank of China (Hong Kong) Limited, Manila Branch 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 September 6, 2019 2,000 — — 1,949 (*) 1,968 (*) PLDT Php2,000M July 1, 2019 PNB Annual amortization rate equivalent to 1% of the total amount drawn from the facility 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 September 6, 2019 2,000 — — 1,949 (*) 1,967 (*) Smart Php8,000M September 25, 2019 CBC 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 upon maturity on October 2, 2029 October 2, 2019 8,000 — — 7,635 (*) 7,949 (*) Smart Php4,000M December 9, 2019 DBP Annual amortization rate equivalent to 1% 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 upon maturity on December 12, 2029 December 12, 2019 4,000 — — 3,975 (*) 3,973 (*) PLDT Php4,500M December 12, 2019 BPI 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 December 15, 2019 4,500 — — 4,382 (*) 4,424 (*) Smart Php3,000M January 20, 2020 BDO 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 January 24, 2020 3,000 — — 2,893 (*) 2,979 (*) 22,783 23,260 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php5,000M January 29, 2020 BDO 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 31, 2030 January 31, 2020 5,000 — — 4,854 (*) 4,965 (*) PLDT Php4,000M March 24, 2020 RCBC Annual amortization rate equivalent to 1% of the advance starting on the first-year anniversary of the drawdown date and the balance payable upon maturity on March 27, 2028 March 26, 2020 4,000 — — 3,827 (*) 3,972 (*) PLDT Php2,500M March 30, 2020 MUFG Bank, Ltd. Amortization rate equivalent to: (1) 20% of the amount drawn payable on the 30 th th th nd from the drawdown date; (2) 0.50% of the amount drawn payable on the 36 th nd th th from the drawdown date; and (3) 18% of the amount drawn payable upon maturity on October 2, 2026 April 2, 2020 2,500 — — 2,488 (*) 2,484 (*) PLDT Php3,000M May 20, 2020 LBP 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 28, 2030 May 28, 2020 3,000 — — 2,951 (*) 2,979 (*) Smart Php4,000M May 20, 2020 LBP Annual amortization rate equivalent to 1% of principal amount 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 November 20, 2020 4,000 — — 3,933 (*) 3,970 PLDT Php3,000M May 21, 2020 LBP 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 December 18, 2030 December 18, 2020 3,000 — — 2,949 (*) 2,978 (*) 21,002 21,348 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php5,000M February 9, 2021 BPI 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 February 15, 2021 5,000 — — 4,965 (*) — Smart Php3,000M March 4, 2021 LBP 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 March 9, 2021 3,000 — — 2,979 (*) — Smart Php3,000M March 5, 2021 LBP 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 May 25, 2021 3,000 — — 2,979 (*) — Smart Php4,000M March 8, 2021 LBP 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 March 30, 2021 4,000 — — 3,972 (*) — PLDT Php3,000M March 31, 2021 BPI 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 April 14, 2021 3,000 — — 2,979 (*) — PLDT Php2,000M March 31, 2021 BPI 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 April 29, 2021 2,000 — — 2,000 — 19,874 — (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php4,000M April 14, 2021 Metrobank 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 June 8, 2021 4,000 — — 3,971 (*) — Smart Php3,000M April 15, 2021 Metrobank 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 September 1, 2021 3,000 — — 2,978 (*) — PLDT Php3,000M April 30, 2021 Metrobank 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 June 21, 2021 3,000 — — 2,978 (*) — PLDT Php3,000M June 14, 2021 RCBC 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 July 15, 2021 3,000 — — 2,978 (*) — PLDT Php4,000M June 14, 2021 RCBC 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 September 1, 2032 September 1, 2021 4,000 — — 3,971 (*) — Smart Php1,000M September 28, 2021 BDO Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year from the drawdown date and the balance of 91% payable upon maturity on October 15, 2031 October 15, 2021 1,000 — — 1,000 — 17,876 — (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php3,000M November 17, 2021 BDO Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the sixth-year from the drawdown date and the balance of 94% payable upon maturity on November 22, 2028 November 22, 2021 3,000 — — 2,978 (*) — PLDT Php1,000M November 24, 2021 BPI 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 1, 2033 December 1, 2021 1,000 — — 1,000 — PLDT Php3,000M November 24, 2021 BPI Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the tenth

Deferred Credits and Other Nonc

Deferred Credits and Other Noncurrent Liabilities	12 Months Ended
	Dec. 31, 2021
Deferred Credits And Other Noncurrent Liabilities [Abstract]
Deferred Credits and Other Noncurrent Liabilities	22. Deferred Credits and Other Noncurrent Liabilities As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Contract liabilities and unearned revenues (Note 5) 3,558 976 Provision for asset retirement obligations 2,121 2,000 Accrual of capital expenditures under long-term financing 300 1,542 Others 105 150 6,084 4,668 The following table summarizes the changes to provision for asset retirement obligations for the years ended December 31, 2021 and 2020: 2021 2020 (in million pesos) Provision for asset retirement obligations at beginning of the year 2,000 1,767 Capitalized to ROU assets during the year 239 205 Accretion expenses 65 61 Change in assumptions (62 ) (22 ) Revaluation due to change in IBR (102 ) 39 Gain on settlement of asset retirement obligation — (50 ) Settlement of obligations and others (19 ) — Provision for asset retirement obligations at end of the year 2,121 2,000 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, 2021
Subclassifications Of Assets Liabilities And Equities [Abstract]
Accounts Payable	23. Accounts Payable As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Suppliers and contractors (Note 28) 85,903 75,322 Taxes (Note 27) 1,741 2,330 Carriers and other customers (Note 28) 1,469 1,336 Related parties (Notes 25 and 28) 200 300 Others 10,405 3,125 99,718 82,413 Accounts payable are noninterest-bearing and are normally settled within 180 days. In 2020, one of our major suppliers entered into Trade Financing Arrangements, or TFA, to sell a portion of its Philippine Peso receivables from the Parent Company amounting to Php400 million and from Smart amounting to Php1,155 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 2021, two of our major suppliers entered into TFAs to sell a portion of their Philippine Peso receivables from the Parent Company amounting to Php7,559 million and from Smart amounting to Php1,834 million. The amount reclassified from “Accounts Payable – Suppliers and contractors” to “Accounts Payable – Others” amounted to Php9,393 million and Php1,555 million as at December 31, 2021 and 2020, 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, 2021
Subclassifications Of Assets Liabilities And Equities [Abstract]
Accrued Expenses and Other Current Liabilities	24. Accrued Expenses and Other Current Liabilities As at December 30, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Accrued utilities and related expenses (Notes 25 and 28) 63,105 64,624 Accrued taxes and related expenses (Note 27) 11,464 11,918 Contract liabilities and unearned revenues (Note 5) 10,063 8,595 Accrued employee benefits and other provisions (Note 28) 9,087 10,397 Liability from redemption of preferred shares (Notes 20 and 28) 7,842 7,849 Accrued interests and other related costs (Note 29) 1,783 1,872 Others 2,769 2,504 106,113 107,759 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, 2021
Disclosure Of Transactions Between Related Parties [Abstract]
Related Party Transactions	25. Related Party 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, 2021 and 2020, and transactions for the years ended December 31, 2021, 2020 and 2019 that have been entered into with related parties: Company Name Particulars Terms Conditions Statement of Financial Position Classification 2021 2020 Income Statement Classification 2021 2020 2019 (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 (Notes 23 and 24) 186 418 Repairs and maintenance 2,519 2,231 2,689 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 38 29 Upon depreciation or expiration of lease Unsecured ROU assets (Note 10) 2,433 1,916 Depreciation and amortization 486 473 218 2021 – due after December 31, 2022; 2020 – due after December 31, 2021 Unsecured Lease liabilities - net of current portion (Note 10) 1,118 1,589 2021 – due on or before December 31, 2022; 2020 – due on or before December 31, 2021 Unsecured Current portion of lease liabilities (Note 10) 487 437 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) 1 3 MPIC Notes receivable 2020 – due on or before December 31, 2021; noninterest-bearing Unsecured Current portion of financial assets at FVOCI (Note 11) — 168 Company Name Particulars Terms Conditions Statement of Financial Position Classification 2021 2020 Income Statement Classification 2021 2020 2019 (in million pesos) (in million pesos) Transactions with major stockholders, directors and officers: NTT TC Leasing ( 1) PLDT signed a US$25 million term loan facility agreement on March 22, 2016 Non-amortizing, payable upon maturity on Unsecured Interest-bearing financial liabilities (Note 21) 1,272 1,201 Financing costs – net 17 29 52 PLDT signed a US$25 million term loan facility agreement on January 31, 2017 Non-amortizing, payable upon maturity on Unsecured Interest-bearing financial liabilities (Note 21) 1,271 1,200 Financing costs – net 18 30 52 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) 240 183 Repairs and maintenance 97 139 169 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) 12 11 Professional and other contracted services 68 81 95 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 (Note 23) 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 and symbols, solely for the purpose of PLDT’s marketing, promotional and sales activities for the Arcstar services within the Philippines. 30 days upon receipt of invoice; noninterest-bearing Unsecured Accounts payable (Note 23) 4 1 Selling and promotions 2 3 5 (1) . Company Name Particulars Terms Conditions Statement of Financial Position Classification 2021 2020 Income Statement Classification 2021 2020 2019 (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) 12 8 Professional and other contracted services 80 58 70 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 (Notes 23 and 24) 52 59 Rent 232 314 198 Upon depreciation or expiration of lease Unsecured ROU assets (Note 10) 83 134 Depreciation and amortization 29 34 — 2021 – due after December 31, 2022; 2020 – due after December 31, 2021 Unsecured Lease liabilities - net of current portion (Note 10) 62 114 2021 – due on or before December 31, 2022 2020 – due on or before December 31, 2021 Unsecured Current portion of lease liabilities (Note 10) 30 20 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) 7 3 Repairs and maintenance 25 6 38 Professional and other contracted services — 2 — Communication, training and travel — 1 10 Financing costs – net 5 13 — Miscellaneous expenses — — 98 Company Name Particulars Terms Conditions Statement of Financial Position Classification 2021 2020 Income Statement Classification 2021 2020 2019 (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 196 194 295 Immediately upon receipt of invoice Unsecured Prepayments (Note 19) 23 18 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 10 Insurance and security services 179 149 165 Immediately upon receipt of invoice Unsecured Prepayments (Note 19) — 5 First Pacific Investment Management Limited, or FPIML 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 $220k 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 111 72 156 Company Name Particulars Terms Conditions Statement of Financial Position Classification 2021 2020 Income Statement Classification 2021 2020 2019 (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) — 102 Cost of services — 22 306 Selling and promotions — 23 82 Other income – net — 51 166 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 (Note 17) 1,892 2,036 Revenues 2,368 2,145 2,401 2021 – due after December 31, 2022; 2020 – due after the December 31, 2021 Unsecured Lease liabilities - net of current portion (Note 10) 386 413 Expenses 2,386 1,582 1,908 2021 – due on or before December 31, 2022; 2020 – due on or before December 31, 2021 Unsecured Current portion of lease liabilities (Note 10) 234 156 Upon depreciation or expiration of lease Unsecured ROU assets (Note 10) 750 598 30 days upon receipt of billing; noninterest-bearing Unsecured Accounts payable (Note 23) 1,314 1,049 Immediately upon receipt of billing Unsecured Accrued expenses and other current liabilities (Note 24) 11 63 Material Related Party Transactions, or MRPT, Policy On September 24, 2019, the Board of Directors approved and adopted the MRPT Policy in compliance with the Philippine SEC Memorandum Circular No. 10, Series of 2019, or the Rules on MRPT for Publicly-Listed Companies. This MRPT Policy applies to the PLDT Group and covers related party transactions that meet the Materiality Threshold of 10% of PLDT’s total consolidated assets. It defines the processes, controls and safeguards for the proper handling, including review, approval and disclosure, of such related party transactions in accordance with applicable laws and regulations. Related party transactions involving an amount below the Materiality Threshold shall be covered by our Guidelines on the Proper Handling of Related Party Transactions. 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, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Short-term employee benefits 311 327 311 Share-based payments (Note 26) 115 297 138 Post-employment benefits (Note 26) 21 22 58 Total compensation paid to key officers of the PLDT Group 447 646 507 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 Php250 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 Php125 thousand for each committee meeting attended. Total fees paid for board meetings and board committee meetings amounted to Php85 million, Php72 million and Php68 million 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, 2021
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 IAS 19, Employee Benefits, 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, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Changes in the present value of defined benefit obligations: Present value of defined benefit obligations at beginning of the year 28,197 22,638 20,683 Service costs 1,614 1,313 1,043 Interest costs on benefit obligation 922 1,056 1,338 Actuarial losses on obligations – experience 538 265 570 Actual benefits paid/settlements (3,471 ) (369 ) (4,558 ) Actuarial losses on obligations – economic assumptions (5,502 ) 3,507 3,829 Actuarial losses on obligations – demographic assumptions — — 4 Curtailments and others — (213 ) (271 ) Present value of defined benefit obligations at end of the year 22,298 28,197 22,638 Changes in fair value of plan assets: Fair value of plan assets at beginning of the year 15,000 13,724 13,539 Actual contributions 3,614 3,227 7,598 Interest income on plan assets 605 322 1,360 Return on plan assets (excluding amount included in net interest) (1,065 ) (1,904 ) (4,215 ) Actual benefits paid/settlements (3,471 ) (369 ) (4,558 ) Fair value of plan assets at end of the year 14,683 15,000 13,724 Unfunded status – net (7,615 ) (13,197 ) (8,914 ) Accrued benefit costs 7,760 13,342 8,985 Prepaid benefit costs (Note 19) 145 145 71 Components of net periodic benefit costs: Service costs 1,614 1,313 1,043 Interest costs – net 317 734 (22 ) Curtailment/settlement gains and other adjustments — (99 ) (181 ) Net periodic benefit costs (Note 5) 1,931 1,948 840 Actual net losses on plan assets amounted to Php460 million, Php1,582 million and Php2,855 million for the years ended December 31, 2021, 2020 and 2019, respectively. Based on the latest actuarial valuation, our expected contribution to the defined benefit plan in 2022 will amount to Php1,460 million. The following table sets forth the expected future settlements by the Plan of maturing defined benefit obligation as at December 31, 2021: (in million pesos) 2022 373 2023 427 2024 597 2025 888 2026 1,275 2027 to 2031 13,763 The average duration of the defined benefit obligation at the end of the reporting period is 8 to 19 years. The weighted average assumptions used to determine pension benefits for the years ended December 31, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Rate of increase in compensation 5.7 % 6.0 % 6.0 % Discount rate 5.3 % 3.5 % 4.8 % In 2019, we have changed the source of the mortality rates from the 1994 Group Annuity Mortality Table developed by the U.S. Society of Actuaries to the 2017 Philippine Intercompany Mortality Table developed by the Actuarial Society of the Philippines Life Insurance Committee. Both sources provide separate rates for males and females. The disability rates were based on the 1952 Disability Study of the U.S. Society of Actuaries for Period 2, Benefit 5 adjusted to suit local experience. 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 1% (2,869 ) (1%) 3,448 Future salary increases 1% 3,328 (1%) (2,835 ) 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 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, 2021 and 2020: 2021 2020 (in million pesos) Noncurrent Financial Assets Investments in: Unquoted equity investments 11,332 10,728 Shares of stock 2,316 1,903 Corporate bonds 242 255 Government securities 7 76 Mutual funds 17 21 Total noncurrent financial assets 13,914 12,983 Current Financial Assets Cash and cash equivalents 518 1,771 Receivables 5 8 Total current financial assets 523 1,779 Total PLDT’s Plan Assets 14,437 14,762 Subsidiaries Plan Assets 246 238 Total Plan Assets of Defined Benefit Pension Plans 14,683 15,000 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 market values at reporting date. Unquoted Equity Investments As at December 31, 2021 and 2020, this account consists of: 2021 2020 2021 2020 % of Ownership (in million pesos) MediaQuest 100 % 100 % 10,508 9,955 Tahanan Mutual Building and Loan Association, Inc., or TMBLA, (net of subscriptions payable of Php32 million) 100 % 100 % 584 542 BTFHI 100 % 100 % 240 231 11,332 10,728 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 Php6 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 Php4 billion from ePLDT. Additional deposits of Php1 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 Php1.95 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 Php1.95 billion representing deposits for future PDRs subscription. On February 19, 2014, ePLDT’s Board of Directors approved an additional Php500 million investment in Hastings PDRs. On March 11, 2014, MediaQuest received from ePLDT an amount aggregating to Php300 million representing deposits for future PDRs subscription. As at December 31, 2014, total deposit for PDRs subscription amounted to Php2,250 million. On May 21, 2015, ePLDT’s Board of Directors approved an additional Php800 million investment in Hastings PDRs and settlement of the Php200 million balance of the Php500 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 Php3,250 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 Php1,664 million. See Note 11 – Investments in Associates and Joint Ventures – Investment of ePLDT in MediaQuest PDRs In 2019 and 2020, the Board of Trustees of the PLDT Beneficial Trust Fund approved additional investment in MediaQuest amounting to Php3,100 million and Php1,400 million, respectively, to fund MediaQuest’s investment requirements. The full amounts were fully drawn by MediaQuest during 2019 and 2020. In 2021, the Board of Trustees of the PLDT Beneficial Trust Fund approved the additional investment in MediaQuest amounting to Php2,000 million to fund MediaQuest’s investment requirements. As at December 31, 2021, MediaQuest has drawn the total amount of Php1,600 million. The balance of Php400 million was subsequently drawn in January 2022. 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 Php119 million consisting of initial direct subscription in shares of stocks of TMBLA in the amount of Php20 million (net of unpaid subscription amounting to Php32 million) and subsequently via a Deed of Pledge amounting to Php99 million. The cumulative change in the fair market values of this investment amounted to Php462 million and Php423 million as at December 31, 2021 and 2020, 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 Php1.00 per share for a total subscription price of Php150 million. Total cash dividend income amounted to Php 10 million for each of the years ended December 31, 2021, 2020 and 2019. Dividend receivables amounted to Php 2 million each as at December 31, 2021 and 2020. Shares of Stocks As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Common shares PSE 1,401 1,026 PLDT 48 35 Others 507 482 Preferred shares 360 360 2,316 1,903 Dividends earned on PLDT common shares amounted to Preferred shares represent 300 million unlisted preferred shares of PLDT at Php10 par value, net of subscription payable of Php2,640 million as at December 31, 2021 and 2020. 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 Php47 million for the year ended December 31, 2021 and Php49 million for each of the years ended December 31, 2020 and 2019. 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 Investment 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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Investments in listed and unlisted equity securities 94 % 86 % Temporary cash investments 4 % 12 % Debt and fixed income securities 2 % 2 % 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, 2021 and 2020, 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 as at December 31, 2021 and 2020, and for the years ended December 31, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Changes in the present value of defined benefit obligations: Present value of defined benefit obligations at beginning of the year 2,775 2,813 2,804 Service costs 313 294 239 Interest costs on benefit obligation 101 118 174 Actuarial losses – experience 12 69 100 Actuarial losses – economic assumptions (40 ) 28 13 Actual benefits paid/settlements — (567 ) (37 ) Curtailment and others 103 20 (480 ) Present value of defined benefit obligations at end of the year 3,264 2,775 2,813 Changes in fair value of plan assets: Fair value of plan assets at beginning of the year 3,651 3,084 3,159 Actual contributions 306 282 281 Interest income on plan assets 132 142 190 Return on plan assets (excluding amount included in net interest) (18 ) 143 100 Actual benefits paid/settlements — — (37 ) Others 66 — (609 ) Fair value of plan assets at end of the year 4,137 3,651 3,084 Funded status – net 873 876 271 Prepaid benefit costs (Note 19) 873 876 271 Components of net periodic benefit costs: Service costs 313 294 239 Interest costs – net (31 ) (24 ) (16 ) Curtailment/settlement gains — — (6 ) Others — — (39 ) Net periodic benefit costs (Note 5) 282 270 178 Actual net gains on plan assets amounted to Php113 million, Php285 million and Php290 million for the years ended December 31, 2021, 2020 and 2019, respectively. Based on the latest actuarial valuation, Smart and certain of its subsidiaries expect to contribute the amount of approximately Php322 million to the plan in 2022. The following table sets forth the expected future settlements by the Plan of maturing defined benefit obligation as at December 31, 2021: (in million pesos) 2022 88 2023 108 2024 162 2025 209 2026 234 2027 to 2061 1,877 The average duration of the defined benefit obligation at the end of the reporting period is 11 years. The weighted average assumptions used to determine pension benefits for the years ended December 31, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Rate of increase in compensation 5.0 % 5.0 % 5.0 % Discount rate 5.0 % 3.5 % 7.3 % 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 (0.30%) (10 ) 0.62% 20 Future salary increases 0.61% 20 (0.30%) (10 ) 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, 2021 and 2020: 2021 2020 (in million pesos) Noncurrent Financial Assets Investments in: Domestic fixed income 2,833 2,416 Domestic equities 997 832 International equities 844 902 International fixed income 224 74 Philippine foreign currency bonds 558 240 Total noncurrent financial assets 5,456 4,464 Current Financial Assets Cash and cash equivalents 37 388 Total current financial assets 37 388 Total plan assets 5,493 4,852 Less: Employee’s share, forfeitures and mandatory reserve account 1,356 1,201 Total Plan Assets of Defined Contribution Plans 4,137 3,651 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 2.1% to 12.0% 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 Php45 million and International Equities Investments in international equities include exchange traded funds, mutual funds and unit investment trust funds managed by BlackRock, State Street Global Advisors and Wellington Management. 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, mutual funds and unit investment trust funds managed by Pacific Investment Management and BPI Asset Management and Trust Corporation. 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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Investments in debt and fixed income securities and others 67 % 64 % Investments in listed and unlisted equity securities 33 % 36 % 100 % 100 % Other Long-term Employee Benefits Cycle 1 TIP On September 26, 2017, the Board of Directors of PLDT approved the TIP which intends 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. The incentive compensation will be in the form of Performance Shares, PLDT common shares of stock, which will be released in three annual grants on the condition, among others, that pre-determined consolidated core net income targets are successfully achieved over three annual performance periods from January 1, 2017 to December 31, 2019. On September 26, 2017, the Board of Directors approved the acquisition of 860 thousand Performance Shares to be awarded under the TIP. On March 7, 2018, the ECC of the Board approved the acquisition of additional 54 thousand shares, increasing the total Performance Shares to 914 thousand. Metrobank, through its Trust Banking Group, is the appointed Trustee of the trust established for purposes of the TIP. The Trustee is designated to acquire the PLDT common shares in the open market through the facilities of the PSE and administer their distribution to the eligible participants subject to the terms and conditions of the TIP. On December 11, 2018, the ECC of the Board approved Management’s recommended modifications to the Plan, and partial equity and cash settled set-up was implemented for the 2019 TIP Grant. The revised set-up includes a fixed number of shares that will be granted (“equity award”) and the estimated fair value of the difference between the number of shares granted in the original equity grant and the equity award will be paid in cash (“cash award”). The fair value of the cash award is determined at each reporting date using the estimated fair value of the corresponding shares. As at May 11, 2021, a total of 757 thousand PLDT common shares have been acquired by the Trustee, of which 239 thousand PLDT common shares have been released on March 12, 2020, April 7, 2020 and January 19, 2021 for the 2019 annual grant, and 302 thousand PLDT common shares have been released on March 28, 2019 for the 2018 annual grant, and 204 thousand shares on April 15, 2018 for the 2017 annual grant. With the completion of the 2017 to 2019 annual grants, the remaining 12 thousand PLDT common shares have been transferred to the PLDT Beneficial Trust Fund on May 11, 2021. The cash award for the 2019 annual grant that was paid on March 12, 2020 amounted to Php654 million. The TIP is administered by the ECC of the Board. Cycle 2 TIP On August 7, 2020, the ECC approved the adjusted TIP that covers the years 2020 and 2021, and will be settled in cash. The cash grant will be for the two years covered and payment will be in 2022. The Cycle 2 TIP will be based on the achievement of the CCNI for the years 2020 and 2021. This other long-term employee benefit liability is recognized and measured using the projected unit credit method and to be amortized on a straight-line basis over the vesting period. The expense accrued for the TIP amounted to Php1,186 million, Php1,134 million and Php638 million for the years ended December 31, 2021, 2020 and 2019, respectively. The accrued incentive payable, representing the cash settled set-up amounted to Php1,186 million and Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Estimating Pension Benefit Costs and Other Employee Benefits Note 5 – Income and Expenses – Compensation and Employee Benefits

Provisions and Contingencies

Provisions and Contingencies	12 Months Ended
	Dec. 31, 2021
Disclosure Of Contingent Liabilities [Abstract]
Provisions and Contingencies	27. Provisions and Contingencies PLDT’s Local Business and Franchise Tax Assessments As at December 31, 2021, 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 and the case is now submitted for resolution. 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. Digitel’s Franchise Tax Assessment and Real Property Tax Assessment Digitel is discussing with various local government units as to settlement of its franchise tax and real property tax liabilities. DMPI vs. City of Trece Martires In 2010, DMPI petitioned to declare void the City of Trece Martires ordinance of imposing tower fee of Php150 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 ACeS On February 19, 2021, ACeS Philippines entered into an amicable settlement with the Bureau of Internal Revenue pursuant to the provisions of the Civil Code of the Philippines and paid an additional compromise amounting to Php20 million. On April 18, 2021, the Commissioner of Internal Revenue signed the judicial compromise agreement. 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 Php2.9 billion while PLDT’s total claim against ETPI is about Php2.8 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 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: 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, 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 Petition is pending resolution by the Supreme Court. Attys. Baquiran and Tecson vs. NTC, et al. This is a Petition for Mandamus filed on October 23, 2018 by 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 second third 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. Other disclosures required by IAS 37 , Provisions, Contingent Liabilities and Contingent Assets 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, 2021
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, 2021 and 2020: Financial instruments at amortized cost Financial instruments at FVPL Total financial instruments (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) (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) Financial instruments at amortized cost Financial instruments at FVPL Financial instruments at FVOCI Total financial instruments (in million pesos) Assets as at December 31, 2020 Noncurrent: Financial assets at fair value through profit or loss — 380 — 380 Debt instruments at amortized cost – net of current portion 1,153 — — 1,153 Other financial assets – net of current portion 2,915 (1) — — 2,915 Current: Cash and cash equivalents 40,237 — — 40,237 Short-term investments 508 481 (2) — 989 Trade and other receivables 22,053 — — 22,053 Current portion of derivative financial assets — 22 — 22 Current portion of financial assets at fair value through other comprehensive income — — 168 168 Current portion of other financial assets 200 (1) 6,972 (3) — 7,172 Total assets 67,066 7,855 168 75,089 Liabilities as at December 31, 2020 Noncurrent: Interest-bearing financial liabilities – net of current portion 205,195 — — 205,195 Lease liabilities – net of current portion 15,982 — — 15,982 Derivative financial liabilities – net of current portion — 360 — 360 Customers' deposits 2,371 — — 2,371 Deferred credits and other noncurrent liabilities 1,683 — — 1,683 Current: Accounts payable 80,051 — — 80,051 Accrued expenses and other current liabilities 79,000 7,849 — 86,849 Current portion of interest-bearing financial liabilities 17,570 — — 17,570 Current portion of lease liabilities 4,043 — — 4,043 Dividends payable 1,194 — — 1,194 Current portion of derivative financial liabilities — 176 — 176 Total liabilities 407,089 8,385 — 415,474 Net assets (liabilities) (340,023 ) (530 ) 168 (340,385 ) (1) (2) (3) The following table sets forth our consolidated offsetting of financial assets and liabilities recognized as at December 31, 2021 and 2020: Gross amounts of recognized financial assets and liabilities Gross amounts of recognized financial assets and liabilities set-off in the consolidated statements of financial position Net amount presented in the consolidated statements of financial position (in million pesos) December 31, 2021 Current Financial Assets Trade and other receivables Foreign administrations 7,625 6,405 1,220 Domestic carriers 595 368 227 Total 8,220 6,773 1,447 Current Financial Liabilities Accounts payable Suppliers and contractors 132,459 46,556 85,903 Carriers and other customers 16,950 5,093 11,857 Total 149,409 51,649 97,760 December 31, 2020 Current Financial Assets Trade and other receivables Foreign administrations 7,161 5,877 1,284 Domestic carriers 717 552 165 Total 7,878 6,429 1,449 Current Financial Liabilities Accounts payable Suppliers and contractors 75,394 72 75,322 Carriers and other customers 7,128 2,699 4,429 Total 82,522 2,771 79,751 There are no financial instruments subject to an enforceable master netting arrangement as at December 31, 2021 and 2020. The following table sets forth our consolidated carrying values and estimated fair values of our financial assets and liabilities recognized as at December 31, 2021 and 2020 other than those whose carrying amounts are reasonable approximations of fair values: Carrying Value Fair Value 2021 2020 2021 2020 (in million pesos) Noncurrent Financial Assets Debt instruments at amortized cost 400 1,153 403 1,163 Other financial assets – net of current portion 3,099 2,915 2,664 2,561 Total 3,499 4,068 3,067 3,724 Noncurrent Financial Liabilities Interest-bearing financial liabilities: Long-term debt – net of current portion 241,075 205,195 242,545 213,908 Customers' deposits 2,270 2,371 1,619 1,821 Deferred credits and other noncurrent liabilities 398 1,683 404 1,562 Total 243,743 209,249 244,568 217,291 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, 2021 and 2020. This classification provides a reasonable basis to illustrate the nature and extent of risks associated with those financial statements. 2021 2020 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 — 315 24 339 61 294 25 380 Derivative financial assets – net of current portion — 48 — 48 — — — — Current Financial Assets Short-term investments — 255 — 255 — 481 — 481 Current portion of derivative financial assets — 93 — 93 — 22 — 22 Current portion of FVOCI — — — — — 168 — 168 Current portion of other financial assets — 6,856 — 6,856 — 6,972 — 6,972 Total — 7,567 24 7,591 61 7,937 25 8,023 Noncurrent Financial Liabilities Derivative financial liabilities – net of current portion — 100 — 100 — 360 — 360 Current Financial Liabilities Accrued expenses and other current liabilities — 7,842 — 7,842 — 7,849 — 7,849 Current portion of derivative financial liabilities — 115 — 115 — 176 — 176 Total — 8,057 — 8,057 — 8,385 — 8,385 (1) (2) (3) As at December 31, 2021 and 2020, there were no transfers into and out of Level 3 fair value measurements. As at December 31, 2021 and 2020, 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 other noncurrent assets 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. For non-quoted securities, fair values were determined using discounted cash flow based on market observable rates. Level 1 Level 2 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 conditions. 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, 2021 and 2020, 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, 2021 and 2020: 2021 2020 Original Notional Amount Trade Date Underlying Transaction in U.S. Dollar Termination Date Weighted Average Hedge Cost Weighted Average Foreign Exchange Rate Notional Amount Net Mark-to- market Gains (Losses) in Php Notional Amount Net Mark-to- market Gains (Losses) in Php (in millions) (in millions) (in millions) Transactions not designated as hedges: PLDT Forward foreign exchange contracts US$69 Various dates in U.S. Dollar Liabilities Various dates in — Php50.90 US$69 17 US$13 (5 ) US$8 Various dates in U.S. Dollar Liabilities Various dates in June 2022 — Php51.38 — — — — EUR5 Various dates in EUR Assets January 2020 — Php58.65 — — — — Foreign exchange options capped forward (a) US$6 Various dates in October 2021 U.S. Dollar Liabilities Various dates in April — Php50.80 US$6 (2 ) — — — Php52.17 — — — — Foreign exchange options seagull (b) US$4 Various dates in October 2021 U.S. Dollar Liabilities Various dates in May 2022 — Php50.68 4 (1 ) — — — Php51.02 — — — — — Php52.05 — — — — 14 (5 ) Smart Forward foreign exchange contracts US$133 Various dates in U.S. Dollar Liabilities Various dates in 2020 — Php50.73 — — — — US$332 Various dates in 2020 and 2021 U.S. Dollar Liabilities Various dates in 2021 — Php49.03 US$26 (9 ) US$116 Various dates in October to U.S. Dollar Liabilities Various dates in 2022 — Php50.83 US$116 40 — — US$30 Various dates in January to U.S. Dollar Liabilities Various dates in April to — Php51.65 — — — — Subsidized forwards (c) US$2 Various dates in November 2021 U.S. Dollar Liabilities Various dates in 2022 — Php50.38 — — — — — Php51.65 US$2 (1 ) — — Seagull (d) US$3 Various dates in November to U.S. Dollar Liabilities Various dates in 2022 — Php49.90 — — — — — Php50.88 — — — — — Php51.75 US$3 (2 ) — — US$4 Various dates in January to U.S. Dollar Liabilities Various dates in May and — Php51.20 — — — — — Php52.17 — — — — — Php52.96 — — — — 37 (9 ) 51 (14 ) Transactions designated as hedges: PLDT Interest rate swaps (e) US$100 August 2014 100 PNB August 11, 2020 3.46 % — — — — — US$50 September 2014 50 Metrobank September 2, 2020 3.47 % — — — — — US$150 April and June 2015 200 Term Loan February 25, 2022 2.70 % — US$11 (5 ) US$34 (25 ) Long-term currency swaps (f) US$4 January 2017 100 PNB August 11, 2020 1.01 % Php49.79 — — — — US$6 February 2018 200 MUFG Bank, Ltd. February 26, 2020 1.82 % Php51.27 — — — — US$27 November 2018 200 MUFG Bank, Ltd. February 25, 2022 2.15 % Php50.78 US$5 2 US$16 (52 ) Long-term foreign currency options (g) US$290 Various dates in 300M Notes 2031 January 23, 2031 1.20 % Php49.61 Php55.28 US$290 (175 ) US$200 (406 ) (178 ) (483 ) Smart Interest rate swaps (h) US$200 Various dates in 2015 200 Mizuho March 4, 2020 2.10 % — — — — — US$30 February 2016 100 Mizuho December 7, 2021 2.03 % — — — US$6 (2 ) Long-term currency swaps (i) US$18 Various dates in 100 Mizuho December 7, 2020 1.76 % Php50.98 — — — — US$13 Various dates 200 Mizuho March 4, 2020 2.06 % Php51.93 — — — — US$6 February 2019 100 Mizuho December 7, 2021 2.22 % Php51.83 — — US$2 (8 ) US$6 August 2020 100 Mizuho December 7, 2022 1.99 % Php48.64 US$3 9 US$6 (7 ) Long-term foreign currency options (j) US$109 February to April 2021 140 PNB December 13, 2030 1.63 % Php48.00 Php53.34 US$99 44 — — 53 (17 ) (125 ) (500 ) (74 ) (514 ) (a) If the Philippine peso to U.S. dollar spot exchange rate on fixing date settles above Php52.17, PLDT will purchase the U.S. dollar for Php50.80 plus the excess above Php52.17, and if the exchange rate is at or lower than Php52.17, PLDT will purchase the U.S. dollar at Php50.80. (b) If the Philippine peso to U.S. dollar spot exchange rate on fixing date settles between Php51.02 to Php52.05, PLDT will purchase the U.S. dollar for Php51.02. However, if on maturity, the exchange rate settles above Php52.05, PLDT will purchase the U.S. dollar for Php51.02 plus the excess above Php52.05, and if the exchange rate is lower than Php51.02, PLDT will purchase the U.S. dollar at the prevailing Philippine peso to U.S. dollar spot exchange rate, subject to a floor of Php50.68. (c) If the Philippine peso to U.S. Dollar spot exchange rate on fixing date settles above Php51.65, Smart will purchase the U.S. Dollar for Php50.38 plus the excess above Php51.65, and if the exchange rate is at or lower than Php51.65, Smart will purchase the U.S. Dollar at Php50.38. (d) If the Philippine peso to U.S. Dollar spot exchange rate on fixing date settles between Php50.88 to Php51.75, Smart will purchase the U.S. Dollar for Php50.88. However, if on maturity, the exchange rate settles above Php51.75, Smart will purchase the U.S. Dollar for Php50.88 plus the excess above Php51.75, and if the exchange rate is lower than Php50.88, Smart will purchase the U.S. Dollar at the prevailing Philippine peso to U.S. Dollar spot exchange rate, subject to a floor of Php49.90. (e) PLDT’s interest rate swap agreements outstanding as at December 31, 2021 and 2020 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 Php1 million and Php16 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2021 and 2020, respectively. Interest accrual on the interest rate swaps amounting to Php3 million and Php9 million were recorded as at December 31, 2021 and 2020, respectively. There were no ineffective portion in the fair value recognized in our consolidated income statements for the years ended December 31, 2021, 2020 and 2019. (f) PLDT’s long-term principal only-currency swap agreements outstanding as at December 31, 2021 and December 31, 2020 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 Php4 million and Php 46 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2021 and 2020, respectively. Hedge cost accrual on the long-term principal only-currency swaps amounting to Php2 million and Php 6 million were recognized as at December 31, 2021 and 2020, 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 Php0.5 million, Php2 million and Php 2 million were recognized in our consolidated income statements for the years ended December 31, 2021, 2020 and 2019, respectively. (g) PLDT’s long-term foreign currency option agreements outstanding as at December 31, 2021 and 2020 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 Php49.61 and Php55.28, PLDT will purchase the U.S. dollar at Php49.61. However, if on fixing date, the exchange rate is beyond Php55.28, PLDT will purchase the U.S. dollar at the prevailing Philippine peso to U.S. dollar spot exchange rate minus a subsidy of Php5.67, and if the exchange rate is lower than Php49.61, 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 Php100 million and Php342 million were recognized in our consolidated statement of other comprehensive income as at December 31, 2021 and 2020, respectively. Hedge cost accrual on the long-term foreign currency option agreements amounting to Php75 million and Php64 million were recognized as at December 31, 2021 and 2020, 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 Php89 million and Php26 million were recognized in our consolidated income statement for the years ended December 31, 2021 and 2020, respectively. (h) Smart’s interest rate swap agreements outstanding as at December 31, 2021 and 2020 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 Php2 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2021 and 2020, respectively. Interest accrual amounting to nil and Php197 thousand were recognized as at December 31, 2021 and 2020, respectively. There were no ineffective portion in the fair value recognized in our consolidated income statements for the years ended December 31, 2021 and 2020. (i) Smart’s long-term principal only-currency swap agreements outstanding as December 31, 2021 and 2020 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 gain amounting to Php9 million and mark-to-market loss amounting to Php13 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2021 and 2020, respectively. Hedge cost accrual on the long-term principal only-currency swaps amounting to Php201 thousand and Php2 million was recognized as at December 31, 2021 and 2020, 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 Php309 thousand and Php1 million were recognized in our consolidated income statements for the years ended December 31, 2021 and 2020, respectively. (j) Smart’s long-term foreign currency option agreements outstanding as at December 31, 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 Php48.00 and Php53.34, Smart will purchase the U.S. Dollar at Php48.00. However, if on fixing date the exchange rate is beyond Php53.34, Smart will purchase the U.S. Dollar at the prevailing Philippine Peso to U.S. Dollar spot exchange rate minus a subsidy of Php5.34, and if the exchange rate is lower than Php48.00, Smart will purchase the U.S. Dollar at the prevailing Philippine Peso to U.S. Dollar spot exchange rate. The mark-to-market gain amounting to Php48 million was recognized in our consolidated statement of other comprehensive income as at December 31, 2021. Hedge cost accrual on the long-term foreign currency option agreements amounting to Php4 million was recognized as at December 31, 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 Php8 million was recognized in our consolidated income statement for the year ended December 31, 2021. Our derivative financial instruments as at December 31, 2021 and 2020 are presented in the statements of financial position as follows: 2021 2020 (in million pesos) Noncurrent assets 48 — Current assets 93 22 Noncurrent liabilities (Note 29) (100 ) (360 ) Current liabilities (Note 29) (115 ) (176 ) Net liabilities (74 ) (514 ) Movements of our consolidated mark-to-market losses for the years ended December 31, 2021 and 2020 are summarized as follows: 2021 2020 (in million pesos) Net mark-to-market losses at beginning of the year (514 ) (71 ) Gains (losses) on derivative financial instruments (Note 4) 1,651 (284 ) Effective portion recognized in the profit or loss for the cash flow hedges (75 ) (156 ) Settlements, interest expense and others (169 ) 430 Net fair value losses on cash flow hedges charged to other comprehensive income (967 ) (433 ) Net mark-to-market losses at end of the year (74 ) (514 ) Our consolidated analysis of gains (losses) on derivative financial instruments for the years ended December 31, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Gains (losses) on derivative financial instruments 1,651 (284 ) (233 ) Hedge costs (251 ) (94 ) (51 ) Net gains (losses) on derivative financial instruments (Note 5) 1,400 (378 ) (284 ) 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 Php23,907 million and Php2,241 million, respectively, as at December 31, 2021, 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, 2021 and 2020: Total Less than 1 year 1-3 years 3-5 years More than 5 years (in million pesos) December 31, 2021 Financial instruments at amortized cost: 55,428 51,317 2,898 430 783 Other financial assets 3,919 208 2,798 430 483 Debt instruments at amortized cost 607 207 100 — 300 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 Short-term investments 429 429 — — — Other financial assets 6,856 6,856 — — — Total 63,052 58,602 2,898 430 1,122 December 31, 2020 Financial instruments at amortized cost: 74,365 69,723 3,439 732 471 Other financial assets 3,689 200 2,286 732 471 Debt instruments at amortized cost 1,153 — 1,153 — — Temporary cash investments 30,711 30,711 — — — Short-term investments 508 508 — — — Retail subscribers 17,142 17,142 — — — Corporate subscribers 13,318 13,318 — — — Foreign administrations 1,520 1,520 — — — Domestic carriers 226 226 — — — Dealers, agents and others 6,098 6,098 — — — Financial instruments at FVPL: 7,833 7,453 — — 380 Financial assets at fair value through profit or loss 380 — — — 380 Short-term investments 481 481 — — — Other financial assets 6,972 6,972 — — — Financial instruments at FVOCI: 168 168 — — — Financial assets at fair value through other comprehensive income 168 168 — — — Total 82,366 77,344 3,439 732 851 The following table summarizes the maturity profile of our financial liabilities based on our consolidated contractual undiscounted obligations outstanding as at December 31, 2021 and 2020: Payments Due by Period Total Less than 1 year 1-3 years 3-5 years More than 5 years (in million pesos) 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 December 31, 2020 Debt ( 1): 292,639 12,562 74,960 51,659 153,458 Principal 224,027 12,400 47,753 37,785 126,089 Interest 68,612 162 27,207 13,874 27,369 Lease obligations 29,312 10,995 8,897 5,068 4,352 Various trade and other obligations: 169,808 165,750 2,010 36 2,012 Suppliers and contractors 76,864 75,322 1,535 7 — Utilities and related expenses 64,580 64,577 3 — — Employee benefits 10,404 10,404 — — — Liability from redemption of preferred shares 7,849 7,849 — — — Customers’ deposits 2,371 — 330 29 2,012 Carriers and other customers 1,336 1,336 — — — Dividends 1,194 1,194 — — — Others 5,210 5,068 142 — — Total contractual obligations 491,759 189,307 85,867 56,763 159,822 (1) Debt See Note 21 – Interest-bearing Financial Liabilities – Long-term Debt Our consolidated future minimum lease commitments payable with non-cancellable leases as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Within one year 11,609 11,061 After one year but not more than five years 13,527 13,899 More than five years 5,634 4,352 Total 30,770 29,312 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 Php179,484 million and Php169,808 million as at December 31, 2021 and 2020, respectively. See Note 23 – Accounts Payable and Note 24 – Accrued Expenses and Other Current Liabilities . Commercial Commitments We have no outstanding commercial commitments, in the form of letters of credit, as at December 31, 2021 and 2020. Collateral There are no pledges as collaterals with respect to our financial liabilities as at December 31, 2021 and 2020. 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 our foreign currency-denominated financial assets and liabilities as a result of the

Notes to the Statements of Cash

Notes to the Statements of Cash Flows	12 Months Ended
	Dec. 31, 2021
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, 2021 and 2020: January 1, 2021 Cash flows Foreign exchange movement Others December 31, 2021 (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 January 1, 2020 Cash flows Foreign exchange movement Others December 31, 2020 (in million pesos) Interest-bearing financial liabilities (Note 21) 192,556 31,979 (1,917 ) 147 222,765 Lease liabilities (Notes 3 and 10) 16,315 (5,781 ) — 9,491 20,025 Derivative financial liabilities 113 (430 ) — 853 536 Accrued interests and other related costs (Note 24) 1,531 (8,348 ) — 8,689 1,872 Dividends (Note 20) 1,584 (16,721 ) — 16,331 1,194 212,099 699 (1,917 ) 35,511 246,392 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, 2021 and 2020: 2021 2020 (in million pesos) Acquisition of property and equipment on account 23,522 9,992 Additions to ROU assets (Note 10) 7,314 9,335 Capitalization to property and equipment of: Inventories 5,989 3,934 Borrowing costs (Notes 5 and 9) 1,582 1,597 Foreign exchange differences – net (Note 9) 29 — Fair value adjustments of property and equipment — 18 38,436 24,876 Non-cash Financing Activities The following table shows our significant non-cash financing activities and corresponding transaction amounts as at December 31, 2021 and 2020: 2021 2020 (in million pesos) Additions to lease liabilities (Note 10) 7,314 11,122

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
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, financial instruments at fair value through other comprehensive income, or FVOCI, 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, 2021 and 2020: 2021 2020 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 management activities for Smart — 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 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 processing and implementation services and data analytics insight generation 100.0 — 100.0 — ePLDT, Inc., or ePLDT: Philippines Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services 100.0 — 100.0 — IP Converge Data Services, Inc., or IPCDSI, and Subsidiary, or IPCDSI Group Philippines Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services — 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 Philippines Internet-based purchasing, IT consulting and professional services — 100.0 — 100.0 ePDS, Inc., or ePDS 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 Philippines Full-services customer rewards and loyalty programs — 100.0 — 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 Philippines Air transportation business 65.3 — 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 PLDT Global Investments Holdings, Inc., or 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 (a) Philippines Investment company 67.0 — 67.0 — PLDT Global Investments Corporation, or PGIC British Virgin Islands Investment company — 100.0 — 100.0 PLDT Communications and Energy Ventures, Inc., or PCEV Philippines Investment company — 99.9 — 99.9 (a) (b) 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. Noncontrolling interests share in losses even if the losses exceed the noncontrolling equity interest in the subsidiary. 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. Expiration of SubicTel’s Franchise Effective January 23, 2020, SubicTel ceased to operate as a telecommunications service provider, pursuant to the expiration of its franchise issued by the Subic Bay Metropolitan Authority, or SBMA. In order to facilitate continued customer service, arrangements have been made between SubicTel and PLDT where PLDT would make its services available to the affected SubicTel subscribers on a voluntary basis, and SubicTel assigned its assets and subscribers to PLDT for a consideration of Php622 million. The NTC did not object to the transfer of SubicTel’s subscribers to PLDT, subject to certain conditions. Likewise, the SBMA Board approved the issuance of Certificate of Registration to PLDT to operate within SBMA. The PLDT Board of Directors had approved the acquisition of the assets and subscribers of SubicTel on September 24, 2019. This transaction was eliminated in our consolidated financial statements. Expiration of Maratel’s Legislative Franchise Effective April 27, 2020, Maratel ceased to operate as a telecommunications service provider, following the expiration of its legislative franchise, Republic Act No. 7970. In order to ensure continued customer service, Maratel assigned its assets and subscribers to PLDT for a consideration of Php500 million. The NTC did not object to the transfer of Maratel subscribers to PLDT, subject to certain conditions. The PLDT Board of Directors had approved the acquisition of Maratel’s assets and subscribers on November 7, 2019. This transaction was eliminated in our consolidated financial statements. 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 Disease s, 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, H ighly U rbanized C ities , 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 M ECQ 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 m odified 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 p rovinces, 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 IATF approved the nationwide implementation of the alert-level system. These and other measures have affected and caused disruption to businesses and economic activities, and their impacts on businesses continue to evolve. See Amendments to IFRS 16, Leases, COVID-19 Related Rent Concessions Beyond June 30, 2021 Note 3 – Estimating allowance for expected credit losses Note 5 – Income and expenses – Contract balances To provide our customers with connectivity when they need it the most, we provided zero-rated access to certain Government agencies and emergency hotlines, boosted minimum speeds for our eligible PLDT Home subscribers, increased data allocations for postpaid and prepaid customers, equipped our corporate customers with telecommuting solutions, and for our Overseas Filipino Workers, extended the duration of free calls through our Free Bee app. On May 1, 2020, we implemented a six-month installment payment program for the outstanding monthly bills of our postpaid subscribers. Under this payment program, PLDT Home, Smart consumer postpaid, and Sun consumer postpaid subscribers can settle their unpaid balances as at April 30, 2020 in six equal monthly payments with 0 % interest and no penalties. This program was further extended for two months that ended on December 31, 2020. 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 continue to 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 for our employees and their dependents and household members who were enrolled in the program. These and other measures remain in place to protect our employees, as well as our customers. Total expenses related to our COVID-19 measures amounted to Php942 million and Php903 million for the years ended December 31, 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. 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 Php4,505 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 Php2,628 million and Php1,877 million for the years ended December 31, 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 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 Php1,455 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 will have to be confirmed between Smart and PLDT. The final purchase price amounted to Php1,336 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 is eliminated in our consolidated financial statements.
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, 2021. The adoption of these amended standards did not have significant impact on our financial position or performance. • Amendments to IFRS 9, Financial Instruments, IFRS 7, Financial Instruments: Disclosures, IFRS 4, Insurance Contracts, and IFRS 16, Leases – Interest Rate Benchmark Reform – Phase 2 The amendments provide the following temporary reliefs which address the financial reporting effects when an interbank offered rate, or IBOR, is replaced with an alternative nearly risk-free interest rate, or RFR. a) Practical expedient for changes in the basis for determining the contractual cash flows as a result of IBOR reform; b) Relief from discontinuing hedging relationships; and c) Relief from the separately identifiable requirement when an RFR instrument is designated as a hedge of a risk component. We shall also disclose information about: a) The nature and extent of risks to which the entity is exposed arising from financial instruments subject to IBOR reform, and how the entity manages those risks; and b) Their progress in completing the transition to alternative benchmark rates, and how the entity is managing that transition. We adopted these amendments beginning January 1, 2021. Effective April 1, 2021 • Amendments to IFRS 16, Leases, COVID-19 Related Rent Concessions Beyond June 30, 2021 The amendment provides relief to lessees from applying the IFRS 16 requirement on lease modifications to rent concessions arising as a direct consequence of the COVID-19 pandemic. A lessee may elect not to assess whether a rent concession from a lessor is a lease modification if it meets all of the following criteria: 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 d) There is no substantive change to other terms and conditions of the lease. A lessee that applies this practical expedient will account for any change in lease payments resulting from the COVID-19 related rent concession in the same way it would account for a change that is not a lease modification, i.e., as a variable lease payment. The amendments are effective for annual reporting periods beginning on or after April 1, 2021. Early adoption is permitted. We adopted the amendments beginning April 1, 2021 and applied the practical expedient where rent concessions as a result of the COVID-19 pandemic that meets the criteria above shall not be considered as a lease modification. We continued to apply the said amendment for rent concessions beyond June 30, 2021. Lessors have granted forgiveness on lease payments as an effect of the COVID-19 pandemic. The rent concessions for PLDT amounted to Php3 million and Php15 million for the years ended December 31, 2021 and 2020, respectively. The rent concessions for Smart and DMPI amounted to nil and Php122 million for the years ended December 31, 2021 and 2020, respectively.
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 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 retranslated 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 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.
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 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, 2021 and 2020. See Note 13 – Debt Instruments at Amortized Cost, Note 16 – Cash and Cash Equivalents, Note 17 – Trade and Other Receivables 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 until the financial asset is derecognized. 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. Our financial assets at FVOCI include receivables from Metro Pacific Investments Corporation, or MPIC, as at December 31, 2020. See Note 25 – Related Party Transactions Note 28 – Financial Assets and Liabilities 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, 2021 and 2020. See Note 12 – Financial Assets at FVPL 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, call spreads and liability from redemption of preferred stock as at December 31, 2021 and 2020. See Note 20 – Equity – Redemption of Preferred Stock, Note 24 – Accrued Expenses and Other Current Liabilities 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, 2021 and 2020. 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 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.
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: 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 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 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. 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 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 Note 3 – Management’s Use of Accounting Judgments, Estimates and Assumptions – Impairment of non-financial assets, Note 9 – Property and Equipment, Note 10 – Leases Note 15 – Goodwill and Intangible 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 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 Note 15 – Goodwill and Intangible 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 Note 15 – Goodwill and Intangible 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, financial assets at FVOCI 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 Note 26 – Pension and Other Employee Benefits. 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, 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 Php38,595 million, of which we expect to recognize approximately 62% in 2022 and 38% in 2023 and onwards. As at December 31, 2020, 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 Php22,921 million, of which we expect to recognize approximately 72% in 2021 and 28% in 2022 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, SmartBro and Sun Broadband brands. 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 breakage or expiry of airtime load in proportion to the pattern of rights exercised by the customer if it expects to be entitled to that breakage amount. If we do not expect to be entitled to a breakage amount based on historical experience with the customers, then we recognize the expected breakage 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. 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. The related incremental costs are recognized in the same manner in our consolidated income statements, if such costs are expected to be recovered. 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. 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 operate customer engagement and loyalty programs which allow customers to accumulate crystal points when postpaid Home 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 at point in time as 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 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 as we would have not incurred these if the contract had not been obtained. These 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 Note 26 – Pension and Other Employee Benefits – Defined Benefit Pension Plans Defined contribution plans Smart and certain of its subsidiaries maintain 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 and certain of its subsidiaries account for their retirement 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 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
Other Long-term Employee Benefits	Other Long-term Employee Benefits
Transformation Incentive Plan, or TIP	Transformation Incentive Plan, or TIP Cycle I TIP PLDT provides incentive compensation to key officers, executives and other eligible participants, in the PLDT Group in the form of PLDT Inc. common shares of stock, or Performance Shares, over a three-year vesting period from January 1, 2017 to December 31, 2019. The award of the performance shares is contingent on the achievement of Performance Targets based on PLDT Group’s cumulative consolidated core net income. The starting point of expense recognition is the date of grant, which is the date when the formal invitation letter was sent to the eligible participants. The fair value of the award (excluding the effect of any service and non-market performance vesting conditions) is determined at the grant date. At each subsequent reporting date until vesting, a best estimate of the cumulative charge to profit or loss at that date is computed. As the share-based payments vests in installments over the service period, the award is treated as expense over the vesting period. On December 11, 2018, the Executive Compensation Committee, or ECC, of the Board approved Management’s recommended modifications to the Plan, and partial equity and cash settled set-up was implemented for the 2019 TIP Grant. The revised set-up includes a fixed number of shares that will be granted (“equity award”) and the estimated fair value of the difference between the number of shares granted in the original equity grant and the equity award will be paid in cash (“cash award”). The fair value of the cash award is determined at each reporting date using the estimated fair value of the corresponding shares. Cycle 2 TIP On August 7, 2020, the ECC approved the adjusted TIP that covers the years 2020 and 2021, and will be settled in cash. The cash grant will be for the two years covered and payment will be in 2022. The Cycle 2 TIP will be based on the achievement of the Cumulative Consolidated Core Net Income, or CCNI, for the years 2020 and 2021. This other long-term employee benefit liability is recognized and measured using the projected unit credit method and to be 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 Php250 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. 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. They are disclosed in the notes to our consolidated financial statements unless the possibility of an outflow of resources embodying economic benefits is remote. 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, 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 amendment is effective for annual reporting periods beginning on or after January 1, 2022 and must be applied retrospectively to items of property, plant and equipment made available for use on or after the beginning of the earliest period presented when the entity first applies the amendment. The amendments will have no significant 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. The amendments are effective for annual reporting periods beginning on or after January 1, 2022. We will apply these amendments to contracts for which we have not yet fulfilled all our obligations at the beginning of the annual reporting period in which we first apply the amendments. We are currently assessing the impact of the amendments on our consolidated financial statements. • 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 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. The amendments are effective for annual reporting periods beginning on or after January 1, 2022 and apply prospectively. The amendments will have no significant impact on our consolidated financial statements. Annual Improvements to IFRSs 2018-2020 Cycle • Amendments to IFRS 1, First-time Adoption of International Financial Reporting Standards, 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. The amendment is effective for annual reporting periods beginning on or after January 1, 2022 with earlier adoption permitted. The amendments will have no significant impact on our consolidated financial statements. • 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. An entity applies the amendment to financial liabilities that are modified or exchanged on or after the beginning of the annual reporting period in which the entity first applies the amendment. The amendment is effective for annual reporting periods beginning on or after January 1, 2022 with earlier adoption permitted. We will apply the amendments to financial liabilities that are modified or exchanged on or after the beginning of the annual reporting period in which the entity first applies the amendment. The amendments will have no significant impact on our consolidated financial statements. • 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. An entity applies the amendment prospectively to fair value measurements on or after the beginning of the first annual reporting period beginning on or after January 1, 2022 with earlier adoption permitted. The amendments will have no significant impact on our consolidated financial statements. 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. • A Presentation of Financial Statements 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 • 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. The amendments Effective beginning on or after January 1, 2024 • Amendments to IAS 1, Classification of Liabilities as Current or Noncurrent The amendments clarify paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: a. What is meant by a right to defer settlement; b. That a right to defer must exist at the end of the reporting period; c. That classification is unaffected by the likelihood that an entity will exercise its deferral right; and d. 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, 2023 and must be applied retrospectively. However, in November 2021, the IASB tentatively decided to defer the effective date to no earlier than January 1, 2024. We are currently assessing the impact the amendments will have on current practice and whether existing loan agreements may require renegotiation. 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 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. The Circular Letter No. 2020-62 issued by the Insurance Commission deferred the implementation of IFRS 17 by two years after its effective date on January 1, 2023, as decided by the IASB. IFRS 17 is effective for reporting periods beginning on or after January 1, 2025, with comparative figures required. Early application is permitted. The standard will have no significant impact on our consolidated financial statements. • Amendments to IFRS 17, Insurance Contracts, Initial Application of IFRS 17 and IFRS 9: Comparative Information The amendments add a transition option for a “classification overlay” to address possible accounting mismatches If an entity elects to apply the classification overlay, it can only do so for comparative periods to which it applies IFRS 17 (i.e., from transition date to the date of initial application of IFRS 17). No amendments have been made to the transition requirements of IFRS 9. The amendments The amendments will have no significant impact on our consolidated financial statements. Deferred effectivity • Amendments to IFRS 10, Consolidated Financial Statements and IAS 28, Investments in Associates and Joint Ventures, Sale or Contribution of Assets between an Investor and its Associate or Joint Venture The amendments address the conflict between the IFRS 10 and IAS 28 in dealing with the loss of control of a subsidiary that is sold or contributed to an associate or joint venture. The amendments clarify that a full gain or loss is recognized when a transfer to an associate or joint venture involves a business as defined in IFRS 3. Any gain or loss resulting from the sale or contribution of assets that does not constitute a business, however, is recognized only to the extent of unrelated investors’ interests in the associate or joint venture. In December 2015, the IASB decided to defer the effective date of the amendments until such time as it has finalised any amendments that result from its research project on the equity method.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 and 2020: 2021 2020 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 management activities for Smart — 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 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 processing and implementation services and data analytics insight generation 100.0 — 100.0 — ePLDT, Inc., or ePLDT: Philippines Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services 100.0 — 100.0 — IP Converge Data Services, Inc., or IPCDSI, and Subsidiary, or IPCDSI Group Philippines Information and communications infrastructure for internet-based services, e-commerce, customer relationship management and IT related services — 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 Philippines Internet-based purchasing, IT consulting and professional services — 100.0 — 100.0 ePDS, Inc., or ePDS 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 Philippines Full-services customer rewards and loyalty programs — 100.0 — 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 Philippines Air transportation business 65.3 — 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 PLDT Global Investments Holdings, Inc., or 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 (a) Philippines Investment company 67.0 — 67.0 — PLDT Global Investments Corporation, or PGIC British Virgin Islands Investment company — 100.0 — 100.0 PLDT Communications and Energy Ventures, Inc., or PCEV Philippines Investment company — 99.9 — 99.9 (a) (b)

Operating Segment Information (

Operating Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021, 2020 and 2019, and as at December 31, 2021 and 2020 are as follows: Wireless Fixed Line Others Inter- segment Transactions Consolidated (in million pesos, except for Adjusted 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 earnings (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 Adjusted EBITDA 60,876 45,832 (7 ) (10,801 ) 95,900 Adjusted 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 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 earnings (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 Adjusted EBITDA 60,272 33,405 (12 ) (7,507 ) 86,158 Adjusted 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 December 31, 2019 Revenues External customers 94,488 74,699 — — 169,187 Service revenues 88,243 73,112 — — 161,355 Non-service revenues 6,245 1,587 — — 7,832 Inter-segment transactions 2,418 14,707 — (17,125 ) — Service revenues 2,418 14,707 — (17,125 ) — Non-service revenues — — — — — Total revenues 96,906 89,406 — (17,125 ) 169,187 Results Depreciation and amortization 29,484 16,141 — (5,969 ) 39,656 Asset impairment 1,133 3,699 1 — 4,833 Interest income 703 680 362 — 1,745 Equity share in net earnings (losses) of associates and joint ventures — 568 (2,103 ) — (1,535 ) Financing costs – net 6,422 5,078 — (2,947 ) 8,553 Provision for (benefit from) income tax 4,423 5,341 (444 ) 230 9,550 Net income (loss) / Segment profit (loss) 13,101 11,421 (1,769 ) 33 22,786 Adjusted EBITDA 52,789 33,162 (101 ) (6,035 ) 79,815 Adjusted EBITDA margin 58 % 38 % — — 49 % Core income (loss) 13,685 12,531 (1,151 ) 46 25,111 Telco core income 14,063 12,531 440 46 27,080 Assets and liabilities Operating assets 287,059 198,468 7,943 (45,929 ) 447,541 Investments in associates and joint ventures 10 73,386 9,897 (29,430 ) 53,863 Deferred income tax assets – net 13,102 11,791 (711 ) (559 ) 23,623 Total assets 300,171 283,645 17,129 (75,918 ) 525,027 Operating liabilities 221,755 229,855 833 (46,289 ) 406,154 Deferred income tax liabilities 1,986 384 252 (39 ) 2,583 Total liabilities 223,741 230,239 1,085 (46,328 ) 408,737 Other segment information Capital expenditures, including capitalized interest (Note 9) 30,718 42,153 — — 72,871
Summary of Reconciliation of Consolidated Net Income to Consolidated Adjusted EBITDA	The following table shows the reconciliation of our consolidated net income to our consolidated Adjusted EBITDA for the years ended December 31, 2021, 2020 and 2019: 2021 2020 2019 (in million pesos) Consolidated net income 26,676 24,580 22,786 Add (deduct) adjustments: Depreciation and amortization (Notes 9 and 10) 52,169 47,480 39,656 Financing costs – net (Note 5) 10,414 10,086 8,553 Provision for income tax (Note 7) 7,478 8,441 9,550 Foreign exchange gains (losses) – net (Notes 5 and 28) 3,890 (1,488 ) (424 ) Amortization of intangible assets (Note 15) 2,822 2,496 758 Equity share in net losses of associates and joint ventures (Note 11) 1,101 2,328 1,535 Impairment of property and equipment (Notes 5 and 9) 148 — — Interest income (Note 5) (656 ) (1,210 ) (1,745 ) Losses (gains) on derivative financial instruments – net (Note 28) (1,400 ) 378 284 Other income – net (6,742 ) (6,933 ) (1,138 ) Gain on dilution of shares (Notes 5 and 11) (826 ) (394 ) — Gains on sale of property and equipment (Note 5) (884 ) (3,369 ) (88 ) Gain on debt modification (Note 5) (1,372 ) — — Reversal of provisions (Note 5) (2,594 ) (2,679 ) (999 ) Others (1,066 ) (491 ) (51 ) Total adjustments 69,224 61,578 57,029 Consolidated Adjusted EBITDA 95,900 86,158 79,815
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, 2021, 2020 and 2019: 2021 2020 2019 (in million pesos) Consolidated net income 26,676 24,580 22,786 Add (deduct) adjustments: Foreign exchange losses (gains) – net (Notes 5 and 28) 3,890 (1,488 ) (424 ) Sun Trademark amortization (Note 15) 2,628 1,877 — Accelerated depreciation 1,110 — — Manpower rightsizing program, or MRP (Note 5) 269 2,625 3,296 Losses from changes in fair value of financial assets at FVPL 174 — 675 Impairment/derecognition of investments (Notes 11 and 12) 60 659 34 Core income adjustment on equity share in net income of associates and joint ventures (7 ) (6 ) (226 ) Net income attributable to noncontrolling interests (309 ) (296 ) (265 ) CREATE Act impact on deferred income taxes – net (355 ) — — Net tax effect of aforementioned adjustments (1,209 ) (1,106 ) (998 ) Gain on debt modification – net of amortization of debt discount (1,339 ) — — Losses (gains) on derivative financial instruments – net, excluding hedge costs (Note 28) (1,651 ) 284 233 Total adjustments 3,261 2,549 2,325 Consolidated core income 29,937 27,129 25,111 Add (deduct) adjustments: Share in VIH losses 1,981 1,954 1,776 Accelerated depreciation — 1,496 378 Loss (gain) on sale of Rocket Internet SE, or Rocket Internet, shares — 364 (185 ) Gain from condonation of debt — (240 ) — Gain on sale and leaseback of Smart Headquarters – net of tax — (2,293 ) — VIH gain on dilution – net of tax (702 ) (323 ) — Gain on asset sales – net of tax (Note 5) (983 ) — — Total adjustments 296 958 1,969 Telco core income 30,233 28,087 27,080
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, 2021, 2020 and 2019: 2021 2020 2019 Basic Diluted Basic Diluted Basic Diluted Consolidated core EPS 138.29 138.29 125.29 125.29 115.95 115.95 Add (deduct) adjustments: Gains (losses) on derivative financial instruments – net, excluding hedge costs 5.73 5.73 (0.92 ) (0.92 ) (0.75 ) (0.75 ) Gain on debt modification 4.65 4.65 — — — — CREATE Act impact on deferred taxes – net 1.64 1.64 — — — — Core income adjustment on equity share in net earnings of associates and joint ventures 0.03 0.03 0.03 0.03 1.05 1.05 Impairment/derecognition of investments (0.28 ) (0.28 ) (3.05 ) (3.05 ) (0.16 ) (0.16 ) Losses from changes in fair value of financial assets at FVPL (0.81 ) (0.81 ) — — — — MRP (1.02 ) (1.02 ) (8.51 ) (8.51 ) (10.73 ) (10.73 ) Accelerated depreciation (3.85 ) (3.85 ) — — — — Sun Trademark amortization (9.12 ) (9.12 ) (6.08 ) (6.08 ) — — Foreign exchange gains (losses) – net (13.50 ) (13.50 ) 5.36 5.36 1.73 1.73 Unrealized losses in fair value of investments — — — — (3.12 ) (3.12 ) Total adjustments (16.53 ) (16.53 ) (13.17 ) (13.17 ) (11.98 ) (11.98 ) Consolidated EPS attributable to common equity holders of PLDT (Note 8) 121.76 121.76 112.12 112.12 103.97 103.97
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, 2021, 2020 and 2019: 2021 2020 2019 (in million pesos) Wireless services Service revenues: Mobile 95,619 95,589 87,823 Home broadband 2,889 40 85 MVNO and others 4 119 335 98,512 95,748 88,243 Non-service revenues: Sale of mobile handsets and broadband data modems 6,980 6,041 6,245 Total wireless revenues 105,492 101,789 94,488 Fixed line services Service revenues: Voice 20,222 19,484 19,890 Data 66,624 58,064 52,787 Miscellaneous 393 338 435 87,239 77,886 73,112 Non-service revenues: Sale of computers, phone units and SIM cards 454 1,140 1,193 Point-product-sales 72 189 394 526 1,329 1,587 Total fixed line revenues 87,765 79,215 74,699 Total revenues 193,257 181,004 169,187

Income and Expenses (Tables)

Income and Expenses (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021, 2020 and 2019: Revenue Streams Wireless Fixed Line Others Inter- segment Transactions Consolidated (in million pesos) 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 December 31, 2019 Type of good or service Service revenue 90,661 87,819 — (17,125 ) 161,355 Non-service revenue 6,245 1,587 — — 7,832 Total revenues from contracts with customers 96,906 89,406 — (17,125 ) 169,187 Timing of revenue recognition Transferred over time 90,661 87,819 — (17,125 ) 161,355 Transferred at a point time 6,245 1,587 — — 7,832 Total revenues from contracts with customers 96,906 89,406 — (17,125 ) 169,187
Summary of Contract Balances	Contract balances as at December 31, 2021 and 2020 consists of the following: 2021 2020 (in million pesos) Trade and other receivables (Note 17) 35,625 38,304 Contract assets 2,306 2,559 Contract liabilities and unearned revenues (Notes 22 and 24) 13,621 9,571
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, 2021, 2020 and 2019. 2021 2020 2019 (in million pesos) Balances at beginning of the year 92 70 131 Provisions 32 — — Reclassification (69 ) 22 (61 ) Balances at end of the year 55 92 70
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, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Balances at beginning of the year 9,571 8,483 7,182 Deferred during the year 138,346 127,160 111,084 Recognized as revenue during the year (134,296 ) (126,072 ) (109,783 ) Balances at end of the year 13,621 9,571 8,483
Summary of Contract Liabilities and Unearned Revenues Account	The contract liabilities and unearned revenues accounts as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Unearned revenues from prepaid contracts 6,716 6,185 Advance monthly service fees 2,476 1,747 Short-term advances for installation services 2,355 1,167 Leased facilities 2,045 446 Long-term advances from equipment 29 26 Total contract liabilities and unearned revenues 13,621 9,571 Contract liabilities: Noncurrent (Note 22) 223 4 Current (Note 24) 21 12 Unearned revenues: Noncurrent (Note 22) 3,335 972 Current (Note 24) 10,042 8,583
Summary of Selling, General and Administrative Expenses	Selling, general and administrative expenses for the years ended December 31, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Compensation and employee benefits 25,344 26,833 24,883 Repairs and maintenance (Notes 14, 18 and 25) 24,653 21,555 20,007 Professional and other contracted services (Note 25) 8,371 7,307 7,408 Selling and promotions (Note 25) 6,716 6,542 5,395 Taxes and licenses 4,331 5,495 4,570 Amortization of intangible assets (Note 15) 2,822 2,496 758 Rent (Notes 10 and 25) 2,231 1,384 1,290 Insurance and security services (Note 25) 1,739 1,699 1,671 Communication, training and travel (Note 25) 977 903 1,203 Other expenses 1,119 1,041 1,045 Total selling, general and administrative expenses 78,303 75,255 68,230
Summary of Compensation and Employee Benefits	Compensation and employee benefits for the years ended December 31, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Salaries and other employee benefits 21,676 20,856 19,931 Pension benefit costs (Note 26) 2,213 2,218 1,018 Incentive plan (Note 26) 1,186 1,134 638 MRP 269 2,625 3,296 Total compensation and employee benefits 25,344 26,833 24,883
Summary of Cost of Sales and Services	Cost of sales and services for the years ended December 31, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Cost of computers, mobile handsets and broadband data modems (Note 18) 8,286 8,275 9,402 Cost of services (Note 18) 3,492 2,991 3,680 Cost of point-product-sales (Note 18) 1,563 1,029 347 Total cost of sales and services 13,341 12,295 13,429
Summary of Asset Impairment	Asset impairment for the years ended December 31, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Trade and other receivables (Note 17) 3,737 6,446 4,071 Inventories and supplies (Note 18) 847 934 471 Contract assets (Note 3) 253 266 291 Property and equipment (Note 9) 148 — — Total asset impairment 4,985 7,646 4,833
Summary of Other Income (Expenses) - Net	Other income (expenses) – net for the years ended December 31, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Reversal of provisions 2,594 2,679 999 Gains (losses) on derivative financial instruments – net (Note 28) 1,400 (378 ) (284 ) Gain on debt modification ( 1) 1,372 — — Gains on sale of property and equipment (Note 9) 884 3,369 88 Gain on dilution of shares (Note 11) 826 394 — Interest income 656 1,210 1,745 Gain on change in fair value of Phunware, Inc., or Phunware (Note 12) 306 — — Gain on sale of Phunware (Note 12) 115 — — Equity share in net losses of associates and joint ventures (Note 11) (1,101 ) (2,328 ) (1,535 ) Foreign exchange gains (losses) – net (Note 28) (3,890 ) 1,488 424 Financing costs – net (10,414 ) (10,086 ) (8,553 ) Others – net (Notes 11, 12 and 14) 645 491 51 Total other expenses – net (6,607 ) (3,161 ) (7,065 ) (1) PLDT and Smart re-negoiateted certain terms of selected outstanding Philippine Peso loans in 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, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Interest income arising from revenue contracts with customers 299 414 431 Interest income on cash and cash equivalents (Note 16) 269 560 1,022 Interest income on financial instruments at FVPL 23 8 — Interest income on financial instruments at amortized cost (Note 13) 13 143 45 Interest income on financial instruments at FVOCI 2 70 239 Interest income – others 50 15 8 Total interest income 656 1,210 1,745
Summary of Financing Costs - Net	Financing costs – net for the years ended December 31, 2021, 2020 and 2019 consist of the following: 2021 2020 2019 (in million pesos) Interest on loans and other related items (Notes 21 and 28) 10,482 10,333 8,730 Accretion on lease liabilities (Note 10) 1,170 1,125 1,061 Accretion on financial liabilities (Note 21) 239 146 122 Financing charges 105 79 95 Capitalized interest (Notes 9 and 29) (1,582 ) (1,597 ) (1,455 ) Total financing costs – net 10,414 10,086 8,553

Components of Other Comprehen_2

Components of Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021, 2020 and 2019 are as follows: Foreign currency translation differences of subsidiaries Net loss on financial instrument at FVOCI – net of tax Net transactions on cash flow hedges – net of tax Revaluation increment on investment properties – net of tax Fair value adjustment on sale of property and equipment Actuarial losses on defined benefit plans – net of tax Share in the other comprehensive income (loss) of associates and joint ventures accounted for using the equity method Fair value changes of financial instrument at FVOCI Total other comprehensive loss attributable to equity holders of PLDT Share of noncontrolling interests Total other comprehensive loss – net of tax (in million pesos) Balances as at January 1, 2021 701 (9 ) (1,202 ) 508 108 (35,720 ) (37 ) (1 ) (35,652 ) 9 (35,643 ) Other comprehensive income (loss) (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 (loss) (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 ) Balances as at January 1, 2019 695 (9 ) (640 ) 510 108 (25,689 ) — (165 ) (25,190 ) 19 (25,171 ) Other comprehensive income (loss) 27 — (256 ) (2 ) — (6,074 ) — 127 (6,178 ) (4 ) (6,182 ) Balances as at December 31, 2019 722 (9 ) (896 ) 508 108 (31,763 ) — (38 ) (31,368 ) 15 (31,353 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Net deferred income tax assets 13,385 19,556 Net deferred income tax liabilities 169 726
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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Net deferred income tax assets: Pension and other employee benefits 3,590 6,394 Unamortized past service pension costs 3,364 4,874 Unearned revenues 3,022 2,509 Accumulated provision for expected credit loss 2,920 3,577 Accumulated write-down of inventories to net realizable values 662 699 Lease liability over ROU assets under IFRS 16 581 666 Unrealized foreign exchange gains (losses) 403 (457 ) Customer list and trademark 129 1,116 Fixed asset impairment/depreciation due to shortened life of property and equipment 79 61 NOLCO 10 88 Excess MCIT over RCIT 1 3 Derivative financial instruments (30 ) 33 Taxes and duties capitalized (141 ) (124 ) Capitalized charges and others (1,205 ) 117 Total deferred income tax assets – net 13,385 19,556 Net deferred income tax liabilities: Investment property 241 569 Unrealized foreign exchange gains 5 167 Intangible assets and fair value adjustment on assets acquired – net of amortization — 70 Others (77 ) (80 ) Total deferred income tax liabilities 169 726
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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Net deferred income tax assets – balances at beginning of the year 19,556 23,623 Net deferred income tax liabilities – balances at beginning of the year (726 ) (2,583 ) Net balances at beginning of the year 18,830 21,040 Provision for deferred income tax (2,348 ) (3,989 ) Movement charged directly to other comprehensive income (loss) (3,239 ) 1,811 Others (27 ) (32 ) Net balances at end of the year 13,216 18,830 Net deferred income tax assets – balances at end of the year 13,385 19,556 Net deferred income tax liabilities – balances at end of the year (169 ) (726 )
Summary of Analysis of Net Deferred Income Tax Assets	The analysis of our consolidated net deferred income tax assets as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Deferred income tax assets: Deferred income tax assets to be recovered after 12 months 10,127 13,041 Deferred income tax assets to be recovered within 12 months 3,258 6,515 13,385 19,556
Summary of Analysis of Net Deferred Income Tax Liabilities	The analysis of our consolidated net deferred income tax liabilities as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Deferred income tax liabilities: Deferred income tax liabilities to be settled after 12 months (173 ) (477 ) Deferred income tax liabilities to be settled within 12 months 4 (249 ) Net deferred income tax liabilities (169 ) (726 )
Summary of Provision for Income Tax	Provision for income tax for the years ended December 31, 2021, 2020 and 2019 consist of: 2021 2020 2019 (in million pesos) Current 5,130 4,452 3,283 Deferred (Note 3) 2,348 3,989 6,267 7,478 8,441 9,550
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, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Provision for income tax at the applicable statutory tax rate 8,538 9,906 9,701 Tax effects of: Nondeductible expenses 558 144 907 NOLCO/MCIT expiration 248 352 302 Tax adjustment due to CREATE 94 — — Loss (income) not subject to income tax (50 ) (27 ) 154 Income subject to final tax (186 ) (189 ) (599 ) Special deductible items and income subject to lower tax rate (204 ) (537 ) (643 ) Equity share in net income of associates and joint ventures (284 ) (20 ) (220 ) Difference between Optional Standard Deduction, OSD, and itemized deductions (610 ) (426 ) (251 ) Net movement in unrecognized deferred income tax assets and other adjustments (626 ) (762 ) 199 Actual provision for income tax 7,478 8,441 9,550
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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Fixed asset impairment 1,286 1,284 Accumulated provision for expected credit losses 963 2,907 Provisions 787 761 NOLCO 327 1,358 Pension and other employee benefits 75 61 Unrealized foreign exchange losses 28 5 Excess MCIT over RCIT 22 20 Unearned revenues 21 17 Lease liability over ROU assets under IFRS 16 19 — Accumulated write-down of inventories to net realizable values 13 2 Interest on subordinated shareholder advances (4 ) (4 ) Operating lease — 10 3,537 6,421 Unrecognized deferred income tax assets 901 1,940
Summary of Breakdown of Consolidated Excess MCIT and NOLCO	The breakdown of our consolidated excess MCIT and NOLCO as at December 31, 2021 are as follows: Date Incurred Expiry Date MCIT NOLCO (in million pesos) December 31, 2019 December 31, 2022 7 1 December 31, 2020 December 31, 2023 14 — December 31, 2020 December 31, 2025 — 183 December 31, 2021 December 31, 2024 2 — December 31, 2021 December 31, 2026 — 181 23 365 NOLCO incurred by foreign affiliates which can be carried over indefinitely — 5 23 370 Consolidated tax benefits 23 92 Consolidated unrecognized deferred income tax assets (22 ) (82 ) Consolidated recognized deferred income tax assets 1 10

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021, 2020 and 2019: 2021 2020 2019 Basic Diluted Basic Diluted Basic Diluted (in million pesos) Consolidated net income attributable to equity holders of PLDT 26,367 26,367 24,284 24,284 22,521 22,521 Dividends on preferred shares (Note 20) (59 ) (59 ) (59 ) (59 ) (59 ) (59 ) Consolidated net income attributable to common equity holders of PLDT 26,308 26,308 24,225 24,225 22,462 22,462 (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 (Note 4) 121.76 121.76 112.12 112.12 103.97 103.97

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of 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, 2021, 2020 and 2019 are as follows: Cable and wire facilities Central equipment Network facilities Buildings Vehicles, furniture and other network equipment Information origination and termination equipment Land improvements IT systems and platforms Security platforms Property under construction Total (in million pesos) As at December 31, 2019 Cost 201,652 2,800 321,798 28,128 29,241 30,906 4,597 50,654 17 46,167 715,960 Accumulated depreciation, impairment and amortization (161,534 ) (2,172 ) (211,288 ) (22,560 ) (23,169 ) (18,707 ) (270 ) (44,125 ) (1 ) — (483,826 ) Net book value 40,118 628 110,510 5,568 6,072 12,199 4,327 6,529 16 46,167 232,134 Year Ended December 31, 2020 Net book value at beginning of the year 40,118 628 110,510 5,568 6,072 12,199 4,327 6,529 16 46,167 232,134 Additions (Note 4) 915 155 2,124 238 1,548 2,771 102 991 — 63,060 71,904 Disposals/Retirements (12 ) — (114 ) (212 ) (59 ) — (265 ) (1 ) — (16 ) (679 ) Reclassifications 6,116 (707 ) (31,539 ) (263 ) 4,030 10,979 (70 ) (5,893 ) 24 17,312 (11 ) Transfers and others 21,066 — 42,477 897 (455 ) 5,614 11 6,576 76 (76,262 ) — Translation differences charged directly to cumulative translation adjustments — — (1 ) — (1 ) — — (1 ) — — (3 ) Adjustments 9 871 (700 ) 28 125 1 53 (122 ) — (201 ) 64 Depreciation of revaluation increment on investment properties transferred to property and equipment charged to other comprehensive income — — — (1 ) — — — — — — (1 ) Depreciation and amortization (9,922 ) (398 ) (11,154 ) (1,282 ) (4,664 ) (14,224 ) (10 ) (862 ) (24 ) — (42,540 ) Net book value at end of the year 58,290 549 111,603 4,973 6,596 17,340 4,148 7,217 92 50,060 260,868 As at 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 amortization (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 Year Ended December 31, 2021 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 to cumulative translation adjustments — — 1 — (1 ) — — 1 — — 1 Adjustments 8 — — (8 ) — — — — — — — Depreciation and amortization (Note 3) (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 As at 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 amortization (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
Summary of Estimated Useful Lives of Property and Equipment	As at December 31, 2021, 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

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 are as follows: Sites 1 – 30 years International leased circuits ( 1) 1 – 10 years Poles ( 2) 1 – 12 years Domestic leased circuits ( 3) 1 – 10 years Office buildings 1 – 25 years Co-located sites 3 – 7 years (1) (2) (3)
Schedule of Changes in Right of Use Assets	Our consolidated rollforward analysis of ROU assets as at December 31, 2021 and 2020 are as follows: Sites International Leased Circuits Poles Domestic Leased Circuits Office Buildings Co-located Sites Total (in million pesos) As at December 31, 2020 Costs: Balances at beginning of the year 14,412 4,341 726 1,214 906 11 21,610 Additions (Note 29) 3,538 2,600 2,576 39 582 — 9,335 Asset retirement obligation 556 — — — 172 — 728 Terminations (158 ) (1,181 ) — — (24 ) — (1,363 ) Modifications (294 ) (1,472 ) 79 41 (52 ) (2 ) (1,700 ) Adjustments (3 ) — (11 ) — — — (14 ) Reclassifications (197 ) — — — 197 — — Balances at end of the year 17,854 4,288 3,370 1,294 1,781 9 28,596 Accumulated depreciation and amortization: Balances at beginning of the year (3,926 ) (834 ) (340 ) (183 ) (436 ) (1 ) (5,720 ) Terminations 113 223 — — 37 — 373 Adjustments 1 — — — 1 — 2 Modifications 3 — (7 ) — (4 ) — (8 ) Depreciation (Note 3) (2,764 ) (735 ) (620 ) (244 ) (574 ) (3 ) (4,940 ) Reclassifications 17 — — — (17 ) — — Balances at end of the year (6,556 ) (1,346 ) (967 ) (427 ) (993 ) (4 ) (10,293 ) Net book value as at December 31, 2020 11,298 2,942 2,403 867 788 5 18,303 As at 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
Summary of Amounts Recognized in Consolidated Income Statements	The following amounts are recognized in our consolidated income statements for the years ended December 31, 2021, 2020 and 2019: 2021 2020 2019 (in million pesos) Depreciation expense of ROU assets (Note 3) 5,388 4,940 4,393 Expenses relating to short-term leases (included in general and administrative expenses) (Note 5) 1,459 618 378 Interest expense on lease liabilities (Note 5) 1,170 1,125 1,061 Variable lease payments (included in general and administrative expenses) (Note 5) 771 764 708 Expenses relating to leases of low-value assets (included in general and administrative expenses) (Note 5) 1 2 204 Total amount recognized in consolidated income statements 8,789 7,449 6,744
Schedule of Changes in Lease Liabilities	Our consolidated rollforward analysis of lease liabilities as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Balances at beginning of the year 20,025 16,315 Additions (Note 29) 7,314 11,122 Accretion on lease liabilities (Note 5) 1,170 1,125 Foreign exchange gain (losses) – net 147 (171 ) Lease modifications 33 (1,397 ) Adjustment 11 — Termination (467 ) (1,188 ) Settlement of obligations (6,547 ) (5,781 ) Balances at end of the year (Notes 3 and 29) 21,686 20,025 Less current portion of lease liabilities (Note 28) 4,555 4,043 Noncurrent portion of lease liabilities (Note 28) 17,131 15,982
Summary of Operating Lease Commitments	Future minimum rentals receivable under non-cancellable operating leases as at December 31, 2021 and 2020 are as follows. 2021 2020 (in million pesos) Within one year 51 58 After one year but not more than five years — — More than five years — — 51 58

Investments in Associates and_2

Investments in Associates and Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 2021
Investment In Associates And Joint Ventures [Line Items]
Disclosure of Detailed Information of Investments in Associates and Joint Ventures	As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Carrying value of investments in associates: MediaQuest PDRs 9,984 9,914 VIH 7,080 6,702 Appcard, Inc. 110 102 Asia Outsourcing Beta Limited, or Beta 32 33 Digitel Crossing, Inc., or DCI — 241 AF Payments, Inc., or AFPI — — Asia Netcom Philippines Corp., or ANPC — — 17,206 16,992 Carrying value of investments in joint ventures: VTI, Bow Arken and Brightshare 33,596 32,625 Multisys 2,521 (1) 2,466 (1) Telecommunications Connectivity, Inc., or TCI 39 40 Paymaya Finserve Corporation, or PFC 1 — Voyager Finserve Corporation, or VFC 1 — Beacon — — 36,158 35,131 Total carrying value of investments in associates and joint ventures 53,364 52,123 (1) . Changes in the cost of investments for the years ended December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Balances at beginning of the year 60,110 59,516 Additions during the year 1,777 609 Translation and other adjustments 99 (15 ) Balances at end of the year 61,986 60,110 Changes in the accumulated impairment losses for the years ended December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Balances at beginning of the year 2,603 2,543 Additional impairment (Note 4) 60 60 Translation and other adjustments 92 — Balances at end of the year 2,755 2,603
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 for the years ended December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Balances at beginning of the year (5,384 ) (3,110 ) Share in the other comprehensive income (losses) of associates and joint ventures accounted for using the equity method 23 (37 ) Equity share in net losses of associates and joint ventures: (1,101 ) (2,328 ) VTI, Bow Arken and Brightshare 971 87 MediaQuest PDRs 70 166 Multisys 55 (73 ) DCI 33 (116 ) Appcard, Inc. 8 — TCI (1 ) — VIH (2,237 ) (2,392 ) Dividends — (316 ) Translation and other adjustments 595 407 Balances at end of the year (5,867 ) (5,384 )
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, 2021, 2020 and 2019: 2021 2020 2019 (in million pesos) Income Statements: Revenues 20 66 107 Net income (loss) 25 (116 ) 90 Other comprehensive income — — — Total comprehensive income (loss) 25 (116 ) 90
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 Php40,966 million, PCEV has entered into the following Share Purchase Agreements with MPIC: Date Number of Shares Sold Selling Price (Php) Deferred Gain Realized (Php) (in millions) 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, 2021, 2020 and 2019: 2021 2020 2019 (in million pesos) Income Statements: Revenues 754 166 367 Net income 13 320 200 Other comprehensive income — — — Total comprehensive income 13 320 200
VTI, Bow Arken and Brightshare [Member]
Investment In Associates And Joint Ventures [Line Items]
Carrying Value of Investments	The carrying value of PLDT’s investment in VTI, Bow Arken and Brigtshare as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) VTI, Bow Arken and Brightshare equity 70,164 69,779 PLDT's share 50 % 50 % Share in net assets of VTI, Bow Arken and Brightshare 35,082 34,890 Share in adjustment based on liability and ETPI net cash balance 442 442 Reimbursements (155 ) (145 ) Share in SMC's advances in VTI, Bow Arken and Brightshare (840 ) (840 ) Non-controlling interests (857 ) (748 ) Others (76 ) (974 ) Carrying amount of interest in VTI, Bow Arken and Brightshare 33,596 32,625
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, 2021 and 2020, and for the years ended December 31, 2021, 2020 and 2019: 2021 2020 (in million pesos) Statements of Financial Position: Noncurrent assets 22,402 22,287 Current assets 7,942 6,064 Noncurrent liabilities 2,304 2,567 Current liabilities 11,440 10,294 Equity (1) 16,600 15,490 Carrying amount of interest in Satventures 9,984 9,914 Additional Information: Cash and cash equivalents 749 1,350 Current financial liabilities (2) 386 478 Noncurrent financial liabilities (2) 1,319 1,413 (1) (2) . 2021 2020 2019 (in million pesos) Income Statements: Revenues 11,467 9,127 7,367 Depreciation and amortization 1,268 1,049 920 Interest income 2 16 4 Interest expense 219 241 235 Provision for income tax 200 153 165 Net income 110 260 308 Other comprehensive income — — — Total comprehensive income 110 260 308 Equity share in net income of Satventures 70 166 485
VIH [Member]
Investment In Associates And Joint Ventures [Line Items]
Summarized Financial Information of Associates	The summarized financial 2021 2020 (in million pesos) Statements of Financial Position: Noncurrent assets 2,403 1,374 Current assets 10,146 8,940 Noncurrent liabilities 115 682 Current liabilities 5,310 5,980 Equity 7,124 3,652 Carrying amount of interest in VIH 7,080 6,702 Additional Information: Cash and cash equivalents 6,597 5,347 Current financial liabilities* 5,253 5,944 * . 2021 2020 2019 (in million pesos) Income Statements: Revenues 5,336 4,717 1,291 Depreciation and amortization 218 237 254 Interest income (expense) 9 (516 ) 146 Provision for (benefit from) income tax 2 5 (4 ) Net loss (5,541 ) (4,880 ) (4,576 ) Other comprehensive gains (losses) 30 (47 ) (124 ) Total comprehensive income (losses) (5,511 ) 4,927 4,700 Equity share in net losses of VIH (2,237 ) (2,392 ) (2,268 )
Carrying Value of Investments	The carrying value of PCEV’s investment in VIH as at December 31, 2021 and 2020 are as follows. 2021 2020 (in million pesos) VIH Equity (1) 6,398 3,224 PCEV's noncontrolling interests 38.45 % 43.97 % Share in net assets of VIH 2,460 1,418 Goodwill arising from acquisition 4,620 5,283 Carrying amount of interest in VIH 7,080 6,701 Minority interest's share in net losses — 1 Carrying amount of interest in VIH 7,080 6,702 (1) VIH Equity is net of Php726 million and Php427 million Stock Option in 2021 and 2020, 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, 2021 and 2020 is shown below: 2021 2020 (in million pesos) Common shares 625.7 625.7 Preferred shares 314.2 254.3
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, 2021 and 2020, and for the years ended December 31, 2021, 2020 and 2019: 2021 2020 (in million pesos) Statements of Financial Position: Noncurrent assets 76,925 77,099 Current assets 4,836 5,974 Noncurrent liabilities 9,442 11,204 Current liabilities 2,155 2,090 Equity 70,164 69,779 Carrying amount of interest in VTI, Bow Arken and Brightshare 33,596 32,625 Additional Information: Cash and cash equivalents 3,183 3,074 Current financial liabilities* 60 66 Noncurrent financial liabilities* — — * 2021 2020 2019 (in million pesos) Income Statements: Revenues 3,772 3,413 3,339 Depreciation and amortization 1,490 1,445 1,337 Interest income 16 25 64 Provision for income tax 174 196 216 Net income 157 175 70 Other comprehensive income — — — Total comprehensive income 157 175 70 PLDT's share 79 87 35 CREATE adjustment 892 — — Equity share in net income of VTI, Bow Arken and Brightshare 971 87 35

Financial Assets at FVPL (Table

Financial Assets at FVPL (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Assets At Fair Value Through Profit Or Loss [Abstract]
Summary of Financial Assets at FVPL	As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Club shares and others 339 319 Phunware — 61 Rocket Internet — — iflix Limited, or iflix — — 339 380
Summary of Details on Investment in Rocket	Further details on investment in Rocket Internet for the years ended December 31, 2020 and 2019, and as at December 31, 2020 are as follows: 2020 2019 Total market value as at beginning of the year (in million pesos) 2,381 3,128 Closing price per share at end of the year (in Euros) — 22.10 Total market value as at end of the year (in million Euros) — 42 Total market value as at end of the year (in million pesos) — 2,381 Net losses recognized during the year (in million pesos) — 89 2020 (in million pesos) Balances at beginning of the year 2,381 Disposal of investments (2,381 ) Balances at end of the year —

Debt Instruments at Amortized_2

Debt Instruments at Amortized Cost (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Instruments At Amortized Cost [Abstract]
Summary of Debt Instruments at Amortized Cost	As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Retail Treasury Bonds 400 — Time deposits 207 1,153 GT Capital Bond — — 607 1,153 Less: Current portion of debt instrument at amortized cost (Note 28) 207 — Noncurrent portion of debt instrument at amortized cost (Note 28) 400 1,153

Investment Properties (Tables)

Investment Properties (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Investment Property [Abstract]
Summary of Changes in Investment Properties	Changes in investment properties account for the years ended December 31, 2021 and 2020 are as follows: Land Land Improvements Building Total (in million pesos) December 31, 2021 Balances at beginning of the year 728 4 163 895 Net gains (losses) from fair value adjustments charged to profit or loss 43 (1 ) (8 ) 34 Balances at end of the year 771 3 155 929 December 31, 2020 Balances at beginning of the year 607 5 166 778 Transfers from property and equipment 70 — 4 74 Net gains (losses) from fair value adjustments charged to profit or loss 51 (1 ) (7 ) 43 Balances at end of the year 728 4 163 895

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Intangible Assets And Goodwill [Abstract]
Summary of Changes in Goodwill and Intangible Assets	Changes in goodwill and intangible assets account for the years ended December 31, 2021 and 2020 are as follows: Intangible Assets with Indefinite Life Intangible Assets with Finite Life Total Intangible Assets with Total Total Goodwill and Trademark Trademark Franchise Licenses Customer List Spectrum Others Finite Life Intangible Assets Goodwill Intangible Assets (in million pesos) 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 (Notes 4 and 5) — 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 — — — — December 31, 2020 Costs: Balances at beginning and end of the year 4,505 — 3,016 1,079 4,726 1,205 775 10,801 15,306 62,033 77,339 Reclassification (4,505 ) 4,505 — — — — — 4,505 — — — Translation and other adjustments — — — (944 ) (23 ) — (4 ) (971 ) (971 ) — (971 ) Balances at end of the year — 4,505 3,016 135 4,703 1,205 771 14,335 14,335 62,033 76,368 Accumulated amortization and impairment: Balances at beginning of the year — — 1,520 1,059 4,301 1,205 775 8,860 8,860 654 9,514 Amortization during the year (Notes 4 and 5) — 1,877 186 8 425 — — 2,496 2,496 — 2,496 Translation and other adjustments — — — (944 ) (23 ) — (4 ) (971 ) (971 ) — (971 ) Balances at end of the year — 1,877 1,706 123 4,703 1,205 771 10,385 10,385 654 11,039 Net balances at end of the year — 2,628 1,310 12 — — — 3,950 3,950 61,379 65,329 Estimated useful lives (in years) — 1 16 18 — — — — — — — Remaining useful lives (in years) — 1 7 2 — — — — — — —
Summary of Consolidated Goodwill and Intangible Assets of Reportable Segments	The consolidated goodwill and intangible assets of our reportable segments as at December 31, 2021 and 2020 are as follows: 2021 2020 Wireless Fixed Line Total Wireless Fixed Line Total (in million pesos) Franchise 1,124 — 1,124 1,310 — 1,310 Licenses 4 — 4 12 — 12 Trademark — — — 2,628 — 2,628 Others — 28 28 — — — Total intangible assets 1,128 28 1,156 3,950 — 3,950 Goodwill 56,571 4,808 61,379 56,571 4,808 61,379 Total goodwill and intangible assets 57,699 4,836 62,535 60,521 4,808 65,329
Summary of Future Amortization of Intangible Assets	The consolidated future amortization of intangible assets as at December 31, 2021 are as follows: Year (in million pesos) 2022 196 2023 192 2024 192 2025 191 2026 and onwards 385 1,156

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2021
Cash And Cash Equivalents [Abstract]
Summary of Cash and Cash Equivalents	As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Cash on hand and in banks (Note 28) 10,616 9,526 Temporary cash investments (Note 28) 13,291 30,711 23,907 40,237

Trade and Other Receivables (Ta

Trade and Other Receivables (Tables)	12 Months Ended
	Dec. 31, 2021
Trade And Other Receivables [Abstract]
Summary of Trade and Other Receivables	As at December 31, 2021 and 2020, this account consists of receivables from: 2021 2020 (in million pesos) Retail subscribers (Note 28) 15,676 17,142 Corporate subscribers (Note 28) 13,079 13,318 Foreign administrations (Note 28) 1,341 1,520 Domestic carriers (Note 28) 241 226 Dealers, agents and others (Note 28) 5,288 6,098 35,625 38,304 Less: Allowance for expected credit losses 13,835 16,251 21,790 22,053 The gross carrying amount of financial assets not subject to impairment also represents our maximum exposure to credit risk as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Financial assets at fair value through profit or loss (Note 12) 339 380 Derivative financial assets – net of current portion 48 — Current portion of derivative financial assets 93 22 Total 480 402
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, 2021 and 2020: 2021 Retail Subscribers Corporate Subscribers Foreign Administrations Domestic Carriers Dealers, Agents and Others 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) Balances at beginning of the year — 2,433 7,557 — 1,380 3,478 9 227 3 58 135 971 — 3,960 12,291 16,251 Provisions and other adjustments (Note 5) — (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 2020 Retail Subscribers Corporate Subscribers Foreign Administrations Domestic Carriers Dealers, Agents and Others 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) Balances at beginning of the year — 926 9,766 — 732 3,870 3 374 4 86 98 1,045 — 1,763 15,141 16,904 Provisions (Note 5) — 2,387 2,550 — 1,020 438 6 (20 ) (1 ) (3 ) 52 17 — 3,464 2,982 6,446 Reclassifications and reversals — (840 ) 1,015 — (358 ) 324 — (111 ) — (4 ) (15 ) (6 ) — (1,213 ) 1,218 5 Write-offs — (40 ) (5,774 ) — — (1,151 ) — (16 ) — (21 ) — (85 ) — (40 ) (7,047 ) (7,087 ) Translation adjustments — — — — (14 ) (3 ) — — — — — — — (14 ) (3 ) (17 ) Balances at end of the year — 2,433 7,557 — 1,380 3,478 9 227 3 58 135 971 — 3,960 12,291 16,251

Inventories and Supplies (Table

Inventories and Supplies (Tables)	12 Months Ended
	Dec. 31, 2021
Classes Of Inventories [Abstract]
Summary of Inventories and Supplies	As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Commercial: At net realizable value ( 1) 2,109 1,406 At cost 2,835 1,755 Network: At net realizable value ( 1) 515 420 At cost 1,702 1,445 Others: At net realizable value ( 1) 1,038 2,259 At cost 1,813 3,248 Total inventories and supplies at the lower of cost or net realizable value 3,662 4,085
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, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Cost of sales 7,375 8,882 9,528 Repairs and maintenance 850 613 823 Provisions (Note 5) 847 934 471 Selling and promotions 9 3 138 9,081 10,432 10,960
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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Balances at beginning of the year 2,363 2,303 Provisions (Note 5) 847 934 Translation revaluation 2 (1 ) Reversals (11 ) (346 ) Reclassification (73 ) (209 ) Cost of sales (440 ) (262 ) Write-off — (56 ) Balances at end of the year 2,688 2,363

Prepayments (Tables)

Prepayments (Tables)	12 Months Ended
	Dec. 31, 2021
Prepayments [Abstract]
Summary of Prepayments	As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Advances to suppliers and contractors 82,749 55,891 Prepaid taxes 15,652 15,241 Prepaid fees and licenses 1,631 1,182 Prepaid benefit costs (Note 26) 1,018 1,021 Prepaid rent 574 401 Prepaid repairs and maintenance 531 228 Prepaid insurance (Note 25) 163 130 Other prepayments 5,166 2,672 107,484 76,766 Less current portion of prepayments 12,707 10,657 Noncurrent portion of prepayments 94,777 66,109

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) 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
Summary of Dividends Declared	Our dividends declared for years ended December 31, 2021, 2020 and 2019 are detailed as follows: December 31, 2021 Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Non-Convertible Redeemable Preferred Stock 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 * December 31, 2020 Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Convertible Redeemable Preferred Stock Series JJ April 8, 2020 February 11, 2020 May 12, 2020 0.0027/day — Cumulative Non-Convertible Redeemable Preferred Stock 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 * December 31, 2019 Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Convertible Redeemable Preferred Stock Series JJ May 9, 2019 May 31, 2019 June 28, 2019 1.00 — Cumulative Non-Convertible Redeemable Preferred Stock Series IV* January 29, 2019 February 22, 2019 March 15, 2019 — 12 May 9, 2019 May 24, 2019 June 15, 2019 — 12 August 8, 2019 August 27, 2019 September 15, 2019 — 13 November 7, 2019 November 22, 2019 December 15, 2019 — 12 49 Voting Preferred Stock March 7, 2019 March 27, 2019 April 15, 2019 — 3 June 11, 2019 June 28, 2019 July 15, 2019 — 2 September 24, 2019 October 8, 2019 October 15, 2019 — 2 December 3, 2019 December 18, 2019 January 15, 2019 — 3 10 Common Stock Regular Dividend March 21, 2019 April 4, 2019 April 23, 2019 36.00 7,778 August 8, 2019 August 27, 2019 September 10, 2019 36.00 7,778 15,556 Charged to retained earnings 15,615 * Our dividends declared after December 31, 2021 are detailed as follows: Date Amount Class Approved Record Payable Per Share Total (in million pesos, except per share amounts) Cumulative Non-Convertible Redeemable Preferred Stock (*) Series IV January 25, 2022 February 21, 2022 March 15, 2022 — 12 Voting Preferred Stock March 3, 2022 March 23, 2022 April 15, 2022 — 2 Common Stock Regular Dividend March 3, 2022 March 17, 2022 April 4, 2022 42.00 9,075 Charged to retained earnings 9,089 *
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, 2021: (in million pesos) Consolidated unappropriated retained earnings available for dividends as at December 31, 2020 25,652 Effect of IAS 27, Consolidated and Separate Financial Statements 6,429 Parent Company’s unappropriated retained earnings available for dividends at beginning of the year 32,081 Less: Cumulative unrealized income – net of tax: Fair value adjustments of investment property resulting to gain (1,145 ) Unrealized foreign exchange gains – net (except those attributable to cash and cash equivalents) (2,362 ) Fair value adjustments (mark-to-market gains) (3,440 ) Parent Company’s unappropriated retained earnings available for dividends as at January 1, 2021 25,134 Parent Company’s net income for the year 22,944 Less: Fair value adjustment of investment property resulting to gain (27 ) Fair value adjustments (mark-to-market gains) (771 ) 22,146 Less: Cash dividends declared during the year Preferred stock (59 ) Common stock (17,717 ) (17,776 ) Parent Company’s unappropriated retained earnings available for dividends as at December 31, 2021 29,504

Interest-bearing Financial Li_2

Interest-bearing Financial Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Detailed Information About Borrowings [Abstract]
Summary of Interest-bearing Financial Liabilities	As at December 31, 2021 and 2020, this account consists of the following: 2021 2020 (in million pesos) Long-term portion of interest-bearing financial liabilities: Long-term debt (Notes 28 and 29) 241,075 205,195 Current portion of interest-bearing financial liabilities: Long-term debt maturing within one year (Notes 28 and 29) 11,482 17,570 252,557 222,765
Summary of Changes to Unamortized Debt Discount	The following table describes all changes to unamortized debt discount for the years ended December 31, 2021 and 2020: 2021 2020 (in million pesos) Unamortized debt discount at beginning of the year 1,262 491 Additions during the year 1,768 927 Revaluations during the year 13 (10 ) Accretion during the year included as part of financing costs – net (Note 5) (186 ) (146 ) Unamortized debt discount at end of the year 2,857 1,262
Summary of Long-term Debt	As at December 31, 2021 and 2020, long-term debt consists of: 2021 2020 Description Interest Rates U.S. Dollar Php U.S. Dollar Php (in millions) U.S. Dollar Debts: Fixed Rate Notes 2.5000% to 3.4500% in 2021 and 2020 588 29,971 587 28,179 Term Loans: Others 2.8850% and US$ LIBOR + 0.7900% to 1.0500% in 2021 and 2.8850% and US$ LIBOR + 0.7900% to 1.45000% in 2020 205 10,468 264 12,693 793 40,439 851 40,872 Philippine Peso Debts: Fixed Rate Corporate Notes 5.6423% in 2021 and 5.6423% to 5.9058% in 2020 — 3,854 Fixed Rate Retail Bonds 5.2250% to 5.2813% in 2021 and 2020 2,594 14,989 Term Loans: Unsecured Term Loans 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 and 3.9000% to 6.7339%; PHP BVAL + 0.5000% to 1.0000% (floor rate 4.5000%), PDST-R2 + 0.5000% to 0.6000% and TDF + 0.2500% in 2020 209,524 163,050 212,118 181,893 Total long-term debt (Notes 28 and 29) 252,557 222,765 Less portion maturing within one year (Note 28) 11,482 17,570 Noncurrent portion of long-term debt (Note 28) 241,075 205,195
Summary of Scheduled Maturities of Consolidated Outstanding Long-term Debt at Nominal Values	The scheduled maturities of our consolidated outstanding long-term debt at nominal values as at December 31, 2021 are as follows: U.S. Dollar Debt Php Debt Total Year U.S. Dollar Php Php Php (in millions) 2022 44 2,262 9,592 11,854 2023 39 1,988 25,943 27,931 2024 39 1,988 14,280 16,268 2025 14 714 21,970 22,684 2026 14 713 14,155 14,868 2027 and onwards 656 33,439 128,370 161,809 Total long-term debt (Note 28) 806 41,104 214,310 255,414
Disclosure of Loans Explanatory	Repurchase Outstanding Amounts Amount 2021 2020 Loan Amount Issuance Date Trustee Terms Php Dates Paid in full on U.S. Dollar Php U.S. Dollar Php (in millions) (in millions) Fixed Rate Notes (1) PLDT US$300M June 23, 2020 The Bank of New York Mellon, London Branch Non-amortizing, payable in full upon maturity on January 23, 2031 — — — 295 (*) 15,017 (*) 294 (*) 14,110 (*) PLDT US$300M June 23, 2020 The Bank of New York Mellon, London Branch Non-amortizing, payable in full upon maturity on June 23, 2050 — — — 293 (*) 14,954 (*) 293 (*) 14,069 (*) 588 29,971 587 28,179 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The purpose of this loan is to refinance debt maturing in 2020 and 2021, prepay outstanding loans and partially finance capital expenditures. Date of Drawn Cancelled Undrawn Outstanding Amounts Amount Amount 2021 2020 Loan Amount Loan Agreement Lender(s) Terms Dates Drawn U.S. Dollar Paid in full on U.S. Dollar Php U.S. Dollar Php (in millions) (in millions) U.S. Dollar Debts Other Term Loans (1) PLDT US$100M August 5, 2014 Philippine National Bank, or PNB Annual amortization rate of 1% of the issue price on the first-year up to the fifth-year from the initial drawdown date, with final installment on August 11, 2020 Various dates in 2014 100 — August 11, 2020 — — — — PLDT US$50M August 29, 2014 Metrobank Annual amortization rate of 1% of the issue price payable semi-annually starting on the first-year up to the fifth-year anniversary of from the initial drawdown date and the balance payable upon maturity on September 2, 2020 September 2, 2014 50 — September 2, 2020 — — — — PLDT US$200M Tranche A: US$150M; Tranche B: US$50M February 26, 2015 MUFG Bank, Ltd. 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-annual amortizations of 7.5% starting on the third repayment date, with final installment on February 25, 2022 Various dates in 2015 200 — February 24, 2022 15 (*) 764 (*) 45 (*) 2,157 (*) Smart US$200M March 4, 2015 Mizuho Bank Ltd. 9 equal semi-annual installments commencing on the date which falls 12 months after the loan date, with final installment on March 4, 2020 Various dates in 2015 200 — March 4, 2020 — — — — 15 764 45 2,157 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) Drawn Cancelled Undrawn Outstanding Amounts Date of Amount Amount 2021 2020 Loan Amount Loan Agreement Lender(s) Terms Dates Drawn U.S. Dollar Paid in full on U.S. Dollar Php U.S. Dollar Php (in millions) (in millions) Smart US$100M December 7, 2015 Mizuho Bank Ltd. 13 equal semi-annual installments commencing on the date which falls 12 months after the loan date, with final installment on December 7, 2022 Various dates in 2016 100 — — 15 (*) 781 (*) 30 (*) 1,469 (*) PLDT US$25M March 22, 2016 NTT TC Leasing Co., Ltd., or NTT TC Leasing (1) Non-amortizing, payable upon maturity on March 30, 2023 March 30, 2016 25 — — 25 (*) 1,272 (*) 25 (*) 1,197 (*) PLDT US$25M January 31, 2017 NTT TC Leasing (1) Non-amortizing, payable upon maturity on March 27, 2024 March 30, 2017 25 — — 25 (*) 1,271 (*) 25 (*) 1,195 (*) Smart US$140M March 4, 2020 PNB 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 December 14, 2020 140 — — 125 (*) 6,380 (*) 139 (*) 6,675 (*) 190 9,704 219 10,536 205 10,468 264 12,693 (*) (1) Date of Date of Payments Outstanding Amounts Loan Issuance/ Amount 2021 2020 Loan Amount Agreement Facility Agent Installments Drawdown Php Date Php Php (in millions) (in millions) Philippine Peso Debts Fixed Rate Corporate Notes (1) PLDT Php8,800M Series A: Php4,610M; September 19, 2012 Metrobank Series A: 1% annual amortization on the first up to sixth-year, with the balance payable on September 21, 2019; September 21, 2012 2,055 2,741 3,521 June 21, 2013 September 23, 2019 December 21, 2021 — 3,560 Series B: Php4,190M Series B: 1% annual amortization on the first up to ninth-year, with the balance payable on September 21, 2022 PLDT Php6,200M Series A: 7-year notes Php3,775M; November 20, 2012 BDO Series A: Annual amortization rate of 1% of the issue price on the first-year up to the sixth-year from issue date and the balance payable upon maturity on November 22, 2019 November 22, 2012 3,549 February 22, 2019 — — Series B: 10-year notes Php2,425M Series B: Annual amortization rate of 1% of the issue price on the first-year up to the ninth-year from issue date and the balance payable upon maturity on November 22, 2022 2,255 November 23, 2020 — — PLDT Php2,055M Series A: Php1,735M; June 14, 2013 Metrobank Series A: Annual amortization rate of 1% of the issue price up to the fifth-year and the balance payable upon maturity on September 21, 2019 June 21, 2013 1,644 291 September 23, 2019 December 21, 2021 — 294 Series B: Php320M Series B: Annual amortization rate of 1% of the issue price up to the eighth-year and the balance payable upon maturity on September 21, 2022 — 3,854 (1) Date of Payments Outstanding Amounts Issuance/ Amount 2021 2020 Loan Amount Agreement Paying Agent Terms Drawdown Php Date Php Php (in millions) (in millions) Fixed Rate Retail Bonds (1) PLDT Php15,000M January 22, 2014 Philippine Depositary Trust Corp. Php12.4B – non-amortizing, payable in full upon maturity on February 6, 2021; Php2.6B – non-amortizing payable in full on February 6, 2024 February 6, 2014 12,400 February 8, 2021 2,594 (*) 14,989 (*) (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. (1) The purpose of this loan is to finance capital expenditures and/or refinance existing loan obligations which were utilized for network expansion and improvement programs. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 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 Php2,000M March 20, 2012 RCBC 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 April 12, 2012 2,000 — January 12, 2022 1,900 1,920 PLDT Php1,000M September 3, 2012 Union Bank of the Philippines, or Union Bank Annual amortization rate of 1% on the first-year up to the sixth-year from the initial drawdown date and the balance payable upon maturity on January 13, 2020 January 11, 2013 1,000 — January 13, 2020 — — PLDT Php1,000M October 11, 2012 AIA Philippines Life and General Company, or AIA Life, formerly Philippine American Life and General Insurance Company Payable in full upon maturity on December 5, 2022 December 3, 2012 1,000 — December 3, 2020 — — PLDT Php2,000M November 13, 2013 Bank of the Philippine Islands, or BPI Annual amortization rate of 1% on the first-year up to the sixth-year from the initial drawdown and the balance payable upon maturity on November 22, 2020 Various dates in 2013-2014 2,000 — August 24, 2020 — — Smart Php3,000M November 25, 2013 Metrobank Annual amortization rate of 10% of the total amount drawn for six-years and the final installment is payable upon maturity on November 27, 2020 November 29, 2013 3,000 — September 29, 2020 — — 1,900 1,920 (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 Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php3,000M December 3, 2013 BPI Annual amortization rate of 1% of the total amount drawn for the first six-years and the final installment is payable upon maturity on December 10, 2020 December 10, 2013 3,000 — October 9, 2020 — — Smart Php3,000M January 29, 2014 LBP 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 and the balance payable upon maturity on February 5, 2021 February 5, 2014 3,000 — November 18, 2020 — — Smart Php500M February 3, 2014 LBP 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 and the balance payable upon maturity on February 5, 2021 February 7, 2014 500 — November 18, 2020 — — Smart Php2,000M March 26, 2014 Union Bank 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 and the balance payable upon maturity on March 29, 2021 March 28, 2014 2,000 — October 30, 2020 — — PLDT Php1,500M April 2, 2014 AIA Life Payable in full upon maturity on April 4, 2024 April 4, 2014 1,500 — January 31, 2022 1,500 1,500 Smart Php500M April 2, 2014 BDO 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 and the balance payable upon maturity on April 2, 2021 April 4, 2014 500 — October 30, 2020 — — 1,500 1,500 Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php1,000M May 23, 2014 AIA Life Payable in full upon maturity on May 28, 2024 May 28, 2014 1,000 — February 28, 2022 1,000 1,000 PLDT Php1,000M June 9, 2014 LBP 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 June 13, 2014 1,000 — — 930 940 PLDT Php1,500M July 28, 2014 Union Bank 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 July 31, 2014 1,500 — — 1,395 1,410 PLDT Php2,000M February 25, 2015 BPI 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 March 24, 2015 2,000 — — 1,810 (*) 1,900 PLDT Php3,000M June 26, 2015 BPI 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 June 30, 2015 3,000 — — 2,820 2,850 PLDT Php5,000M August 3, 2015 Metrobank 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 Various dates in 2015 5,000 — — 4,700 4,750 12,655 12,850 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php5,000M August 11, 2015 Metrobank 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 September 1, 2025 September 1, 2015 5,000 — — 4,690 (*) 4,737 (*) Smart Php5,000M December 11, 2015 BPI 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 December 21, 2015 5,000 — — 4,689 (*) 4,736 (*) Smart Php5,000M December 16, 2015 Metrobank 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 December 28, 2015 5,000 — — 4,688 (*) 4,736 (*) Smart Php7,000M December 18, 2015 China Banking Corporation, or CBC 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 December 28, 2015 and February 24, 2016 7,000 — — 4,199 (*) 4,897 (*) PLDT Php3,000M July 1, 2016 Metrobank 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 February 20, 2017 3,000 — — 2,872 (*) 2,900 (*) PLDT Php6,000M July 1, 2016 Metrobank 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 August 30, 2016 and November 10, 2016 6,000 — — 5,692 (*) 5,748 (*) 26,830 27,754 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php8,000M 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, 2017 8,000 — — 7,338 (*) 7,495 (*) PLDT Php6,500M September 20, 2016 BPI 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 November 2, 2016 and December 19, 2016 6,500 — — 6,165 (*) 6,225 (*) Smart Php3,000M September 28, 2016 BDO 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 October 5, 2016 3,000 — — 2,850 2,880 Smart Php5,400M September 28, 2016 Union Bank 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 October 24, 2016 and November 21, 2016 5,400 — — 5,126 (*) 5,178 (*) PLDT Php5,300M October 14, 2016 BPI 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 December 19, 2016 5,300 — — 5,027 (*) 5,076 (*) Smart Php2,500M October 27, 2016 CBC Annual amortization rate of 10% of the amount drawn starting on the third-year up to the sixth-year, with balance payable upon maturity on December 8, 2023 December 8, 2016 2,500 — — 1,750 2,000 28,256 28,854 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php4,000M (1) October 28, 2016 Security Bank 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 April 5, 2017 4,000 — — 1,899 (*) 1,917 (*) Smart Php1,000M December 16, 2016 PNB 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 December 7, 2017 1,000 — — 925 (*) 970 Smart Php2,000M December 22, 2016 LBP 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 January 22, 2018 2,000 — — 1,940 1,960 PLDT Php3,500M December 23, 2016 LBP 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 April 5, 2017 3,500 — — 3,350 (*) 3,383 (*) Smart Php1,500M April 18, 2017 PNB 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 January 3, 2018 1,500 — — 1,455 1,470 PLDT Php2,000M May 24, 2017 Security Bank Semi-annual amortization rate of Php10 million starting on October 5, 2017 and every six months thereafter with the balance payable upon maturity on April 5, 2027 May 29, 2017 2,000 — — 1,910 1,930 11,479 11,630 (*) 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 Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php3,500M July 5, 2017 LBP 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 July 10, 2017 3,500 — — 3,360 3,395 PLDT Php1,500M August 29, 2017 LBP 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 3, 2028 April 2, 2018 1,500 — — 1,458 (*) 1,470 Smart Php1,000M September 28, 2017 Union Bank Annual amortization rate of 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 February 21, 2028 February 19, 2018 1,000 — December 10, 2021 — 980 PLDT Php2,000M April 19, 2018 LBP 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 April 25, 2018 2,000 — — 1,767 (*) 1,960 PLDT Php1,000M April 20, 2018 LBP 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 May 3, 2018 1,000 — — 878 (*) 980 PLDT Php2,000M May 9, 2018 BPI 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 May 10, 2018 2,000 — — 1,773 (*) 1,960 9,236 10,745 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php2,000M May 25, 2018 BPI 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 May 28, 2018 2,000 — — 1,933 (*) 1,951 (*) Smart Php1,500M June 27, 2018 Development Bank of the Philippines, or DBP 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 the advance and the balance payable upon maturity on June 28, 2024 June 28, 2018 1,500 — — 1,485 1,500 Smart Php3,000M July 31, 2018 BPI 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 August 10, 2018 3,000 — — 2,894 (*) 2,922 (*) Smart Php5,000M January 11, 2019 DBP 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 May 6, 2019 September 2, 2019 2,000 3,000 — — 4,865 (*) 4,980 (*) PLDT Php8,000M February 18, 2019 Union Bank Annual amortization rate equivalent to 1% of the amount drawn starting on the first-year anniversary up to the ninth-year anniversary of the initial drawdown date and the balance payable upon maturity on July 11, 2029 July 11, 2019 September 6, 2019 October 1, 2019 November 5, 2019 3,000 2,000 1,000 2,000 — — 7,822 (*) 7,900 (*) Smart Php4,000M February 21, 2019 PNB Annual amortization rate equivalent to 1% of the amount drawn starting on the first-year anniversary up to the seventh-year anniversary of the initial drawdown date and the balance payable upon maturity on March 11, 2027 March 11, 2019 4,000 — — 3,708 (*) 3,936 (*) 22,707 23,189 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php2,000M April 11, 2019 Bank of China (Hong Kong) Limited, Manila Branch 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 September 6, 2019 2,000 — — 1,949 (*) 1,968 (*) PLDT Php2,000M July 1, 2019 PNB Annual amortization rate equivalent to 1% of the total amount drawn from the facility 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 September 6, 2019 2,000 — — 1,949 (*) 1,967 (*) Smart Php8,000M September 25, 2019 CBC 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 upon maturity on October 2, 2029 October 2, 2019 8,000 — — 7,635 (*) 7,949 (*) Smart Php4,000M December 9, 2019 DBP Annual amortization rate equivalent to 1% 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 upon maturity on December 12, 2029 December 12, 2019 4,000 — — 3,975 (*) 3,973 (*) PLDT Php4,500M December 12, 2019 BPI 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 December 15, 2019 4,500 — — 4,382 (*) 4,424 (*) Smart Php3,000M January 20, 2020 BDO 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 January 24, 2020 3,000 — — 2,893 (*) 2,979 (*) 22,783 23,260 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php5,000M January 29, 2020 BDO 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 31, 2030 January 31, 2020 5,000 — — 4,854 (*) 4,965 (*) PLDT Php4,000M March 24, 2020 RCBC Annual amortization rate equivalent to 1% of the advance starting on the first-year anniversary of the drawdown date and the balance payable upon maturity on March 27, 2028 March 26, 2020 4,000 — — 3,827 (*) 3,972 (*) PLDT Php2,500M March 30, 2020 MUFG Bank, Ltd. Amortization rate equivalent to: (1) 20% of the amount drawn payable on the 30 th th th nd from the drawdown date; (2) 0.50% of the amount drawn payable on the 36 th nd th th from the drawdown date; and (3) 18% of the amount drawn payable upon maturity on October 2, 2026 April 2, 2020 2,500 — — 2,488 (*) 2,484 (*) PLDT Php3,000M May 20, 2020 LBP 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 28, 2030 May 28, 2020 3,000 — — 2,951 (*) 2,979 (*) Smart Php4,000M May 20, 2020 LBP Annual amortization rate equivalent to 1% of principal amount 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 November 20, 2020 4,000 — — 3,933 (*) 3,970 PLDT Php3,000M May 21, 2020 LBP 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 December 18, 2030 December 18, 2020 3,000 — — 2,949 (*) 2,978 (*) 21,002 21,348 (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) PLDT Php5,000M February 9, 2021 BPI 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 February 15, 2021 5,000 — — 4,965 (*) — Smart Php3,000M March 4, 2021 LBP 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 March 9, 2021 3,000 — — 2,979 (*) — Smart Php3,000M March 5, 2021 LBP 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 May 25, 2021 3,000 — — 2,979 (*) — Smart Php4,000M March 8, 2021 LBP 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 March 30, 2021 4,000 — — 3,972 (*) — PLDT Php3,000M March 31, 2021 BPI 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 April 14, 2021 3,000 — — 2,979 (*) — PLDT Php2,000M March 31, 2021 BPI 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 April 29, 2021 2,000 — — 2,000 — 19,874 — (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php4,000M April 14, 2021 Metrobank 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 June 8, 2021 4,000 — — 3,971 (*) — Smart Php3,000M April 15, 2021 Metrobank 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 September 1, 2021 3,000 — — 2,978 (*) — PLDT Php3,000M April 30, 2021 Metrobank 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 June 21, 2021 3,000 — — 2,978 (*) — PLDT Php3,000M June 14, 2021 RCBC 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 July 15, 2021 3,000 — — 2,978 (*) — PLDT Php4,000M June 14, 2021 RCBC 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 September 1, 2032 September 1, 2021 4,000 — — 3,971 (*) — Smart Php1,000M September 28, 2021 BDO Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-year from the drawdown date and the balance of 91% payable upon maturity on October 15, 2031 October 15, 2021 1,000 — — 1,000 — 17,876 — (*) Amounts are net of unamortized debt discount/premium and/or debt issuance cost. Drawn Cancelled Undrawn Outstanding Amounts Date of Loan Amount Amount Paid in 2021 2020 Loan Amount Agreement Lender(s) Terms Dates Drawn Php Php full on Php Php (in millions) (in millions) Smart Php3,000M November 17, 2021 BDO Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the sixth-year from the drawdown date and the balance of 94% payable upon maturity on November 22, 2028 November 22, 2021 3,000 — — 2,978 (*) — PLDT Php1,000M November 24, 2021 BPI 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 1, 2033 December 1, 2021 1,000 — — 1,000 — PLDT Php3,000M November 24, 2021 BPI 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 December 17, 2021 3,000 — — 2,978 (*) — PLDT Php4,000M November 24, 2021 BPI 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 December 17, 2021 4,000 — — 3,970 (*) — PLDT Php2,500M December 10, 2021 LBP 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 December 17, 2031 December 17, 2021 2,500 — — 2,500 — Smart Php3,000M December 14, 2021 DBP Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the seventh-year from the drawdown date and the balance of 93% payable upon maturity on January 21, 2030 January 20, 2022 3,000 — — — — Smart Php2,000M December 14, 2021 DBP Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the eight-year from the drawdown date and the balance of 92% payable upon maturity on January 20, 2031 January 20, 2022 2,000 — — — — 13,426 — 209,524 163,050 (*) 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, 2021
Deferred Credits And Other Noncurrent Liabilities [Abstract]
Summary of Deferred Credits and Other Noncurrent Liabilities	As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Contract liabilities and unearned revenues (Note 5) 3,558 976 Provision for asset retirement obligations 2,121 2,000 Accrual of capital expenditures under long-term financing 300 1,542 Others 105 150 6,084 4,668
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, 2021 and 2020: 2021 2020 (in million pesos) Provision for asset retirement obligations at beginning of the year 2,000 1,767 Capitalized to ROU assets during the year 239 205 Accretion expenses 65 61 Change in assumptions (62 ) (22 ) Revaluation due to change in IBR (102 ) 39 Gain on settlement of asset retirement obligation — (50 ) Settlement of obligations and others (19 ) — Provision for asset retirement obligations at end of the year 2,121 2,000

Accounts Payable (Tables)

Accounts Payable (Tables)	12 Months Ended
	Dec. 31, 2021
Subclassifications Of Assets Liabilities And Equities [Abstract]
Summary of Accounts Payable	As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Suppliers and contractors (Note 28) 85,903 75,322 Taxes (Note 27) 1,741 2,330 Carriers and other customers (Note 28) 1,469 1,336 Related parties (Notes 25 and 28) 200 300 Others 10,405 3,125 99,718 82,413

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Subclassifications Of Assets Liabilities And Equities [Abstract]
Summary of Accrued Expenses and Other Current Liabilities	As at December 30, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Accrued utilities and related expenses (Notes 25 and 28) 63,105 64,624 Accrued taxes and related expenses (Note 27) 11,464 11,918 Contract liabilities and unearned revenues (Note 5) 10,063 8,595 Accrued employee benefits and other provisions (Note 28) 9,087 10,397 Liability from redemption of preferred shares (Notes 20 and 28) 7,842 7,849 Accrued interests and other related costs (Note 29) 1,783 1,872 Others 2,769 2,504 106,113 107,759

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 and 2020, and transactions for the years ended December 31, 2021, 2020 and 2019 that have been entered into with related parties: Company Name Particulars Terms Conditions Statement of Financial Position Classification 2021 2020 Income Statement Classification 2021 2020 2019 (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 (Notes 23 and 24) 186 418 Repairs and maintenance 2,519 2,231 2,689 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 38 29 Upon depreciation or expiration of lease Unsecured ROU assets (Note 10) 2,433 1,916 Depreciation and amortization 486 473 218 2021 – due after December 31, 2022; 2020 – due after December 31, 2021 Unsecured Lease liabilities - net of current portion (Note 10) 1,118 1,589 2021 – due on or before December 31, 2022; 2020 – due on or before December 31, 2021 Unsecured Current portion of lease liabilities (Note 10) 487 437 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) 1 3 MPIC Notes receivable 2020 – due on or before December 31, 2021; noninterest-bearing Unsecured Current portion of financial assets at FVOCI (Note 11) — 168 Company Name Particulars Terms Conditions Statement of Financial Position Classification 2021 2020 Income Statement Classification 2021 2020 2019 (in million pesos) (in million pesos) Transactions with major stockholders, directors and officers: NTT TC Leasing ( 1) PLDT signed a US$25 million term loan facility agreement on March 22, 2016 Non-amortizing, payable upon maturity on Unsecured Interest-bearing financial liabilities (Note 21) 1,272 1,201 Financing costs – net 17 29 52 PLDT signed a US$25 million term loan facility agreement on January 31, 2017 Non-amortizing, payable upon maturity on Unsecured Interest-bearing financial liabilities (Note 21) 1,271 1,200 Financing costs – net 18 30 52 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) 240 183 Repairs and maintenance 97 139 169 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) 12 11 Professional and other contracted services 68 81 95 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 (Note 23) 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 and symbols, solely for the purpose of PLDT’s marketing, promotional and sales activities for the Arcstar services within the Philippines. 30 days upon receipt of invoice; noninterest-bearing Unsecured Accounts payable (Note 23) 4 1 Selling and promotions 2 3 5 (1) . Company Name Particulars Terms Conditions Statement of Financial Position Classification 2021 2020 Income Statement Classification 2021 2020 2019 (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) 12 8 Professional and other contracted services 80 58 70 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 (Notes 23 and 24) 52 59 Rent 232 314 198 Upon depreciation or expiration of lease Unsecured ROU assets (Note 10) 83 134 Depreciation and amortization 29 34 — 2021 – due after December 31, 2022; 2020 – due after December 31, 2021 Unsecured Lease liabilities - net of current portion (Note 10) 62 114 2021 – due on or before December 31, 2022 2020 – due on or before December 31, 2021 Unsecured Current portion of lease liabilities (Note 10) 30 20 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) 7 3 Repairs and maintenance 25 6 38 Professional and other contracted services — 2 — Communication, training and travel — 1 10 Financing costs – net 5 13 — Miscellaneous expenses — — 98 Company Name Particulars Terms Conditions Statement of Financial Position Classification 2021 2020 Income Statement Classification 2021 2020 2019 (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 196 194 295 Immediately upon receipt of invoice Unsecured Prepayments (Note 19) 23 18 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 10 Insurance and security services 179 149 165 Immediately upon receipt of invoice Unsecured Prepayments (Note 19) — 5 First Pacific Investment Management Limited, or FPIML 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 $220k 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 111 72 156 Company Name Particulars Terms Conditions Statement of Financial Position Classification 2021 2020 Income Statement Classification 2021 2020 2019 (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) — 102 Cost of services — 22 306 Selling and promotions — 23 82 Other income – net — 51 166 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 (Note 17) 1,892 2,036 Revenues 2,368 2,145 2,401 2021 – due after December 31, 2022; 2020 – due after the December 31, 2021 Unsecured Lease liabilities - net of current portion (Note 10) 386 413 Expenses 2,386 1,582 1,908 2021 – due on or before December 31, 2022; 2020 – due on or before December 31, 2021 Unsecured Current portion of lease liabilities (Note 10) 234 156 Upon depreciation or expiration of lease Unsecured ROU assets (Note 10) 750 598 30 days upon receipt of billing; noninterest-bearing Unsecured Accounts payable (Note 23) 1,314 1,049 Immediately upon receipt of billing Unsecured Accrued expenses and other current liabilities (Note 24) 11 63
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, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Short-term employee benefits 311 327 311 Share-based payments (Note 26) 115 297 138 Post-employment benefits (Note 26) 21 22 58 Total compensation paid to key officers of the PLDT Group 447 646 507

Pension and Other Employee Be_2

Pension and Other Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Changes in the present value of defined benefit obligations: Present value of defined benefit obligations at beginning of the year 28,197 22,638 20,683 Service costs 1,614 1,313 1,043 Interest costs on benefit obligation 922 1,056 1,338 Actuarial losses on obligations – experience 538 265 570 Actual benefits paid/settlements (3,471 ) (369 ) (4,558 ) Actuarial losses on obligations – economic assumptions (5,502 ) 3,507 3,829 Actuarial losses on obligations – demographic assumptions — — 4 Curtailments and others — (213 ) (271 ) Present value of defined benefit obligations at end of the year 22,298 28,197 22,638 Changes in fair value of plan assets: Fair value of plan assets at beginning of the year 15,000 13,724 13,539 Actual contributions 3,614 3,227 7,598 Interest income on plan assets 605 322 1,360 Return on plan assets (excluding amount included in net interest) (1,065 ) (1,904 ) (4,215 ) Actual benefits paid/settlements (3,471 ) (369 ) (4,558 ) Fair value of plan assets at end of the year 14,683 15,000 13,724 Unfunded status – net (7,615 ) (13,197 ) (8,914 ) Accrued benefit costs 7,760 13,342 8,985 Prepaid benefit costs (Note 19) 145 145 71 Components of net periodic benefit costs: Service costs 1,614 1,313 1,043 Interest costs – net 317 734 (22 ) Curtailment/settlement gains and other adjustments — (99 ) (181 ) Net periodic benefit costs (Note 5) 1,931 1,948 840
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, 2021: (in million pesos) 2022 373 2023 427 2024 597 2025 888 2026 1,275 2027 to 2031 13,763
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, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Rate of increase in compensation 5.7 % 6.0 % 6.0 % Discount rate 5.3 % 3.5 % 4.8 %
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 1% (2,869 ) (1%) 3,448 Future salary increases 1% 3,328 (1%) (2,835 )
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, 2021 and 2020: 2021 2020 (in million pesos) Noncurrent Financial Assets Investments in: Unquoted equity investments 11,332 10,728 Shares of stock 2,316 1,903 Corporate bonds 242 255 Government securities 7 76 Mutual funds 17 21 Total noncurrent financial assets 13,914 12,983 Current Financial Assets Cash and cash equivalents 518 1,771 Receivables 5 8 Total current financial assets 523 1,779 Total PLDT’s Plan Assets 14,437 14,762 Subsidiaries Plan Assets 246 238 Total Plan Assets of Defined Benefit Pension Plans 14,683 15,000
Defined Benefit Pension Plans [Member] | Shares of Stocks [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Summary of Plan Assets	As at December 31, 2021 and 2020, this account consists of: 2021 2020 (in million pesos) Common shares PSE 1,401 1,026 PLDT 48 35 Others 507 482 Preferred shares 360 360 2,316 1,903
Defined Benefit Pension Plans [Member] | Unlisted Equity Investments [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Summary of Plan Assets	As at December 31, 2021 and 2020, this account consists of: 2021 2020 2021 2020 % of Ownership (in million pesos) MediaQuest 100 % 100 % 10,508 9,955 Tahanan Mutual Building and Loan Association, Inc., or TMBLA, (net of subscriptions payable of Php32 million) 100 % 100 % 584 542 BTFHI 100 % 100 % 240 231 11,332 10,728
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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Investments in listed and unlisted equity securities 94 % 86 % Temporary cash investments 4 % 12 % Debt and fixed income securities 2 % 2 % 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 as at December 31, 2021 and 2020, and for the years ended December 31, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Changes in the present value of defined benefit obligations: Present value of defined benefit obligations at beginning of the year 2,775 2,813 2,804 Service costs 313 294 239 Interest costs on benefit obligation 101 118 174 Actuarial losses – experience 12 69 100 Actuarial losses – economic assumptions (40 ) 28 13 Actual benefits paid/settlements — (567 ) (37 ) Curtailment and others 103 20 (480 ) Present value of defined benefit obligations at end of the year 3,264 2,775 2,813 Changes in fair value of plan assets: Fair value of plan assets at beginning of the year 3,651 3,084 3,159 Actual contributions 306 282 281 Interest income on plan assets 132 142 190 Return on plan assets (excluding amount included in net interest) (18 ) 143 100 Actual benefits paid/settlements — — (37 ) Others 66 — (609 ) Fair value of plan assets at end of the year 4,137 3,651 3,084 Funded status – net 873 876 271 Prepaid benefit costs (Note 19) 873 876 271 Components of net periodic benefit costs: Service costs 313 294 239 Interest costs – net (31 ) (24 ) (16 ) Curtailment/settlement gains — — (6 ) Others — — (39 ) Net periodic benefit costs (Note 5) 282 270 178
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, 2021: (in million pesos) 2022 88 2023 108 2024 162 2025 209 2026 234 2027 to 2061 1,877
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, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Rate of increase in compensation 5.0 % 5.0 % 5.0 % Discount rate 5.0 % 3.5 % 7.3 %
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 (0.30%) (10 ) 0.62% 20 Future salary increases 0.61% 20 (0.30%) (10 )
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, 2021 and 2020: 2021 2020 (in million pesos) Noncurrent Financial Assets Investments in: Domestic fixed income 2,833 2,416 Domestic equities 997 832 International equities 844 902 International fixed income 224 74 Philippine foreign currency bonds 558 240 Total noncurrent financial assets 5,456 4,464 Current Financial Assets Cash and cash equivalents 37 388 Total current financial assets 37 388 Total plan assets 5,493 4,852 Less: Employee’s share, forfeitures and mandatory reserve account 1,356 1,201 Total Plan Assets of Defined Contribution Plans 4,137 3,651
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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Investments in debt and fixed income securities and others 67 % 64 % Investments in listed and unlisted equity securities 33 % 36 % 100 % 100 %

Financial Assets and Liabilit_2

Financial Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 and 2020: Financial instruments at amortized cost Financial instruments at FVPL Total financial instruments (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) (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) Financial instruments at amortized cost Financial instruments at FVPL Financial instruments at FVOCI Total financial instruments (in million pesos) Assets as at December 31, 2020 Noncurrent: Financial assets at fair value through profit or loss — 380 — 380 Debt instruments at amortized cost – net of current portion 1,153 — — 1,153 Other financial assets – net of current portion 2,915 (1) — — 2,915 Current: Cash and cash equivalents 40,237 — — 40,237 Short-term investments 508 481 (2) — 989 Trade and other receivables 22,053 — — 22,053 Current portion of derivative financial assets — 22 — 22 Current portion of financial assets at fair value through other comprehensive income — — 168 168 Current portion of other financial assets 200 (1) 6,972 (3) — 7,172 Total assets 67,066 7,855 168 75,089 Liabilities as at December 31, 2020 Noncurrent: Interest-bearing financial liabilities – net of current portion 205,195 — — 205,195 Lease liabilities – net of current portion 15,982 — — 15,982 Derivative financial liabilities – net of current portion — 360 — 360 Customers' deposits 2,371 — — 2,371 Deferred credits and other noncurrent liabilities 1,683 — — 1,683 Current: Accounts payable 80,051 — — 80,051 Accrued expenses and other current liabilities 79,000 7,849 — 86,849 Current portion of interest-bearing financial liabilities 17,570 — — 17,570 Current portion of lease liabilities 4,043 — — 4,043 Dividends payable 1,194 — — 1,194 Current portion of derivative financial liabilities — 176 — 176 Total liabilities 407,089 8,385 — 415,474 Net assets (liabilities) (340,023 ) (530 ) 168 (340,385 ) (1) (2) (3)
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, 2021 and 2020: Gross amounts of recognized financial assets and liabilities Gross amounts of recognized financial assets and liabilities set-off in the consolidated statements of financial position Net amount presented in the consolidated statements of financial position (in million pesos) December 31, 2021 Current Financial Assets Trade and other receivables Foreign administrations 7,625 6,405 1,220 Domestic carriers 595 368 227 Total 8,220 6,773 1,447 Current Financial Liabilities Accounts payable Suppliers and contractors 132,459 46,556 85,903 Carriers and other customers 16,950 5,093 11,857 Total 149,409 51,649 97,760 December 31, 2020 Current Financial Assets Trade and other receivables Foreign administrations 7,161 5,877 1,284 Domestic carriers 717 552 165 Total 7,878 6,429 1,449 Current Financial Liabilities Accounts payable Suppliers and contractors 75,394 72 75,322 Carriers and other customers 7,128 2,699 4,429 Total 82,522 2,771 79,751
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, 2021 and 2020 other than those whose carrying amounts are reasonable approximations of fair values: Carrying Value Fair Value 2021 2020 2021 2020 (in million pesos) Noncurrent Financial Assets Debt instruments at amortized cost 400 1,153 403 1,163 Other financial assets – net of current portion 3,099 2,915 2,664 2,561 Total 3,499 4,068 3,067 3,724 Noncurrent Financial Liabilities Interest-bearing financial liabilities: Long-term debt – net of current portion 241,075 205,195 242,545 213,908 Customers' deposits 2,270 2,371 1,619 1,821 Deferred credits and other noncurrent liabilities 398 1,683 404 1,562 Total 243,743 209,249 244,568 217,291
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, 2021 and 2020. This classification provides a reasonable basis to illustrate the nature and extent of risks associated with those financial statements. 2021 2020 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 — 315 24 339 61 294 25 380 Derivative financial assets – net of current portion — 48 — 48 — — — — Current Financial Assets Short-term investments — 255 — 255 — 481 — 481 Current portion of derivative financial assets — 93 — 93 — 22 — 22 Current portion of FVOCI — — — — — 168 — 168 Current portion of other financial assets — 6,856 — 6,856 — 6,972 — 6,972 Total — 7,567 24 7,591 61 7,937 25 8,023 Noncurrent Financial Liabilities Derivative financial liabilities – net of current portion — 100 — 100 — 360 — 360 Current Financial Liabilities Accrued expenses and other current liabilities — 7,842 — 7,842 — 7,849 — 7,849 Current portion of derivative financial liabilities — 115 — 115 — 176 — 176 Total — 8,057 — 8,057 — 8,385 — 8,385 (1) (2) (3)
Summary of Derivative Financial Instruments	The table below sets out the information about our consolidated derivative financial instruments as at December 31, 2021 and 2020: 2021 2020 Original Notional Amount Trade Date Underlying Transaction in U.S. Dollar Termination Date Weighted Average Hedge Cost Weighted Average Foreign Exchange Rate Notional Amount Net Mark-to- market Gains (Losses) in Php Notional Amount Net Mark-to- market Gains (Losses) in Php (in millions) (in millions) (in millions) Transactions not designated as hedges: PLDT Forward foreign exchange contracts US$69 Various dates in U.S. Dollar Liabilities Various dates in — Php50.90 US$69 17 US$13 (5 ) US$8 Various dates in U.S. Dollar Liabilities Various dates in June 2022 — Php51.38 — — — — EUR5 Various dates in EUR Assets January 2020 — Php58.65 — — — — Foreign exchange options capped forward (a) US$6 Various dates in October 2021 U.S. Dollar Liabilities Various dates in April — Php50.80 US$6 (2 ) — — — Php52.17 — — — — Foreign exchange options seagull (b) US$4 Various dates in October 2021 U.S. Dollar Liabilities Various dates in May 2022 — Php50.68 4 (1 ) — — — Php51.02 — — — — — Php52.05 — — — — 14 (5 ) Smart Forward foreign exchange contracts US$133 Various dates in U.S. Dollar Liabilities Various dates in 2020 — Php50.73 — — — — US$332 Various dates in 2020 and 2021 U.S. Dollar Liabilities Various dates in 2021 — Php49.03 US$26 (9 ) US$116 Various dates in October to U.S. Dollar Liabilities Various dates in 2022 — Php50.83 US$116 40 — — US$30 Various dates in January to U.S. Dollar Liabilities Various dates in April to — Php51.65 — — — — Subsidized forwards (c) US$2 Various dates in November 2021 U.S. Dollar Liabilities Various dates in 2022 — Php50.38 — — — — — Php51.65 US$2 (1 ) — — Seagull (d) US$3 Various dates in November to U.S. Dollar Liabilities Various dates in 2022 — Php49.90 — — — — — Php50.88 — — — — — Php51.75 US$3 (2 ) — — US$4 Various dates in January to U.S. Dollar Liabilities Various dates in May and — Php51.20 — — — — — Php52.17 — — — — — Php52.96 — — — — 37 (9 ) 51 (14 ) Transactions designated as hedges: PLDT Interest rate swaps (e) US$100 August 2014 100 PNB August 11, 2020 3.46 % — — — — — US$50 September 2014 50 Metrobank September 2, 2020 3.47 % — — — — — US$150 April and June 2015 200 Term Loan February 25, 2022 2.70 % — US$11 (5 ) US$34 (25 ) Long-term currency swaps (f) US$4 January 2017 100 PNB August 11, 2020 1.01 % Php49.79 — — — — US$6 February 2018 200 MUFG Bank, Ltd. February 26, 2020 1.82 % Php51.27 — — — — US$27 November 2018 200 MUFG Bank, Ltd. February 25, 2022 2.15 % Php50.78 US$5 2 US$16 (52 ) Long-term foreign currency options (g) US$290 Various dates in 300M Notes 2031 January 23, 2031 1.20 % Php49.61 Php55.28 US$290 (175 ) US$200 (406 ) (178 ) (483 ) Smart Interest rate swaps (h) US$200 Various dates in 2015 200 Mizuho March 4, 2020 2.10 % — — — — — US$30 February 2016 100 Mizuho December 7, 2021 2.03 % — — — US$6 (2 ) Long-term currency swaps (i) US$18 Various dates in 100 Mizuho December 7, 2020 1.76 % Php50.98 — — — — US$13 Various dates 200 Mizuho March 4, 2020 2.06 % Php51.93 — — — — US$6 February 2019 100 Mizuho December 7, 2021 2.22 % Php51.83 — — US$2 (8 ) US$6 August 2020 100 Mizuho December 7, 2022 1.99 % Php48.64 US$3 9 US$6 (7 ) Long-term foreign currency options (j) US$109 February to April 2021 140 PNB December 13, 2030 1.63 % Php48.00 Php53.34 US$99 44 — — 53 (17 ) (125 ) (500 ) (74 ) (514 ) (a) If the Philippine peso to U.S. dollar spot exchange rate on fixing date settles above Php52.17, PLDT will purchase the U.S. dollar for Php50.80 plus the excess above Php52.17, and if the exchange rate is at or lower than Php52.17, PLDT will purchase the U.S. dollar at Php50.80. (b) If the Philippine peso to U.S. dollar spot exchange rate on fixing date settles between Php51.02 to Php52.05, PLDT will purchase the U.S. dollar for Php51.02. However, if on maturity, the exchange rate settles above Php52.05, PLDT will purchase the U.S. dollar for Php51.02 plus the excess above Php52.05, and if the exchange rate is lower than Php51.02, PLDT will purchase the U.S. dollar at the prevailing Philippine peso to U.S. dollar spot exchange rate, subject to a floor of Php50.68. (c) If the Philippine peso to U.S. Dollar spot exchange rate on fixing date settles above Php51.65, Smart will purchase the U.S. Dollar for Php50.38 plus the excess above Php51.65, and if the exchange rate is at or lower than Php51.65, Smart will purchase the U.S. Dollar at Php50.38. (d) If the Philippine peso to U.S. Dollar spot exchange rate on fixing date settles between Php50.88 to Php51.75, Smart will purchase the U.S. Dollar for Php50.88. However, if on maturity, the exchange rate settles above Php51.75, Smart will purchase the U.S. Dollar for Php50.88 plus the excess above Php51.75, and if the exchange rate is lower than Php50.88, Smart will purchase the U.S. Dollar at the prevailing Philippine peso to U.S. Dollar spot exchange rate, subject to a floor of Php49.90. (e) PLDT’s interest rate swap agreements outstanding as at December 31, 2021 and 2020 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 Php1 million and Php16 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2021 and 2020, respectively. Interest accrual on the interest rate swaps amounting to Php3 million and Php9 million were recorded as at December 31, 2021 and 2020, respectively. There were no ineffective portion in the fair value recognized in our consolidated income statements for the years ended December 31, 2021, 2020 and 2019. (f) PLDT’s long-term principal only-currency swap agreements outstanding as at December 31, 2021 and December 31, 2020 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 Php4 million and Php 46 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2021 and 2020, respectively. Hedge cost accrual on the long-term principal only-currency swaps amounting to Php2 million and Php 6 million were recognized as at December 31, 2021 and 2020, 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 Php0.5 million, Php2 million and Php 2 million were recognized in our consolidated income statements for the years ended December 31, 2021, 2020 and 2019, respectively. (g) PLDT’s long-term foreign currency option agreements outstanding as at December 31, 2021 and 2020 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 Php49.61 and Php55.28, PLDT will purchase the U.S. dollar at Php49.61. However, if on fixing date, the exchange rate is beyond Php55.28, PLDT will purchase the U.S. dollar at the prevailing Philippine peso to U.S. dollar spot exchange rate minus a subsidy of Php5.67, and if the exchange rate is lower than Php49.61, 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 Php100 million and Php342 million were recognized in our consolidated statement of other comprehensive income as at December 31, 2021 and 2020, respectively. Hedge cost accrual on the long-term foreign currency option agreements amounting to Php75 million and Php64 million were recognized as at December 31, 2021 and 2020, 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 Php89 million and Php26 million were recognized in our consolidated income statement for the years ended December 31, 2021 and 2020, respectively. (h) Smart’s interest rate swap agreements outstanding as at December 31, 2021 and 2020 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 Php2 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2021 and 2020, respectively. Interest accrual amounting to nil and Php197 thousand were recognized as at December 31, 2021 and 2020, respectively. There were no ineffective portion in the fair value recognized in our consolidated income statements for the years ended December 31, 2021 and 2020. (i) Smart’s long-term principal only-currency swap agreements outstanding as December 31, 2021 and 2020 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 gain amounting to Php9 million and mark-to-market loss amounting to Php13 million were recognized in our consolidated statements of other comprehensive income as at December 31, 2021 and 2020, respectively. Hedge cost accrual on the long-term principal only-currency swaps amounting to Php201 thousand and Php2 million was recognized as at December 31, 2021 and 2020, 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 Php309 thousand and Php1 million were recognized in our consolidated income statements for the years ended December 31, 2021 and 2020, respectively. (j) Smart’s long-term foreign currency option agreements outstanding as at December 31, 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 Php48.00 and Php53.34, Smart will purchase the U.S. Dollar at Php48.00. However, if on fixing date the exchange rate is beyond Php53.34, Smart will purchase the U.S. Dollar at the prevailing Philippine Peso to U.S. Dollar spot exchange rate minus a subsidy of Php5.34, and if the exchange rate is lower than Php48.00, Smart will purchase the U.S. Dollar at the prevailing Philippine Peso to U.S. Dollar spot exchange rate. The mark-to-market gain amounting to Php48 million was recognized in our consolidated statement of other comprehensive income as at December 31, 2021. Hedge cost accrual on the long-term foreign currency option agreements amounting to Php4 million was recognized as at December 31, 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 Php8 million was recognized in our consolidated income statement for the year ended December 31, 2021.
Summary of Derivative Financial Instruments by Classification	Our derivative financial instruments as at December 31, 2021 and 2020 are presented in the statements of financial position as follows: 2021 2020 (in million pesos) Noncurrent assets 48 — Current assets 93 22 Noncurrent liabilities (Note 29) (100 ) (360 ) Current liabilities (Note 29) (115 ) (176 ) Net liabilities (74 ) (514 )
Summary of Movements of Consolidated Mark-to-Market Losses	Movements of our consolidated mark-to-market losses for the years ended December 31, 2021 and 2020 are summarized as follows: 2021 2020 (in million pesos) Net mark-to-market losses at beginning of the year (514 ) (71 ) Gains (losses) on derivative financial instruments (Note 4) 1,651 (284 ) Effective portion recognized in the profit or loss for the cash flow hedges (75 ) (156 ) Settlements, interest expense and others (169 ) 430 Net fair value losses on cash flow hedges charged to other comprehensive income (967 ) (433 ) Net mark-to-market losses at end of the year (74 ) (514 )
Disclosure Of Gains (Losses) On Derivative Financial Instruments Explanatory	Our consolidated analysis of gains (losses) on derivative financial instruments for the years ended December 31, 2021, 2020 and 2019 are as follows: 2021 2020 2019 (in million pesos) Gains (losses) on derivative financial instruments 1,651 (284 ) (233 ) Hedge costs (251 ) (94 ) (51 ) Net gains (losses) on derivative financial instruments (Note 5) 1,400 (378 ) (284 )
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, 2021 and 2020: Total Less than 1 year 1-3 years 3-5 years More than 5 years (in million pesos) December 31, 2021 Financial instruments at amortized cost: 55,428 51,317 2,898 430 783 Other financial assets 3,919 208 2,798 430 483 Debt instruments at amortized cost 607 207 100 — 300 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 Short-term investments 429 429 — — — Other financial assets 6,856 6,856 — — — Total 63,052 58,602 2,898 430 1,122 December 31, 2020 Financial instruments at amortized cost: 74,365 69,723 3,439 732 471 Other financial assets 3,689 200 2,286 732 471 Debt instruments at amortized cost 1,153 — 1,153 — — Temporary cash investments 30,711 30,711 — — — Short-term investments 508 508 — — — Retail subscribers 17,142 17,142 — — — Corporate subscribers 13,318 13,318 — — — Foreign administrations 1,520 1,520 — — — Domestic carriers 226 226 — — — Dealers, agents and others 6,098 6,098 — — — Financial instruments at FVPL: 7,833 7,453 — — 380 Financial assets at fair value through profit or loss 380 — — — 380 Short-term investments 481 481 — — — Other financial assets 6,972 6,972 — — — Financial instruments at FVOCI: 168 168 — — — Financial assets at fair value through other comprehensive income 168 168 — — — Total 82,366 77,344 3,439 732 851
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, 2021 and 2020: Payments Due by Period Total Less than 1 year 1-3 years 3-5 years More than 5 years (in million pesos) 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 December 31, 2020 Debt ( 1): 292,639 12,562 74,960 51,659 153,458 Principal 224,027 12,400 47,753 37,785 126,089 Interest 68,612 162 27,207 13,874 27,369 Lease obligations 29,312 10,995 8,897 5,068 4,352 Various trade and other obligations: 169,808 165,750 2,010 36 2,012 Suppliers and contractors 76,864 75,322 1,535 7 — Utilities and related expenses 64,580 64,577 3 — — Employee benefits 10,404 10,404 — — — Liability from redemption of preferred shares 7,849 7,849 — — — Customers’ deposits 2,371 — 330 29 2,012 Carriers and other customers 1,336 1,336 — — — Dividends 1,194 1,194 — — — Others 5,210 5,068 142 — — Total contractual obligations 491,759 189,307 85,867 56,763 159,822 (1)
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, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Within one year 11,609 11,061 After one year but not more than five years 13,527 13,899 More than five years 5,634 4,352 Total 30,770 29,312
Summary of Impact of Hedging Instruments	The impact of the hedging instruments on our consolidated statements of financial position as at December 31, 2021 and 2020 are as follows: Notional Amount Carrying Amount Line item in our Consolidated Statements (U.S. Dollar) (Php) of Financial Position (in million pesos) 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 ) December 31, 2020 Long-term currency swaps 24 — Derivative financial assets – net of current portion — (14 ) Current portion of derivative financial assets — (48 ) Derivative financial liabilities – net of current portion 200 (342 ) Current portion of derivative financial liabilities 224 (404 )
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, 2021 and 2020 are as follows: 2021 2020 Cash flow hedge reserve Cost of hedging reserve Cash flow hedge reserve Cost of hedging reserve (in million pesos) PLDT: US$300M Term Loan (273 ) — (273 ) — US$100M PNB (11 ) — (11 ) — US$200M MUFG Bank, Ltd. (8 ) 2 (47 ) 6 US$300M Notes 2031 (1,011 ) 75 (414 ) 64 (1,303 ) 77 (745 ) 70 Smart: US$200M Mizuho — — (1 ) — US$100M Mizuho (9 ) — (18 ) 15 US$140M PNB (429 ) 4 — — (438 ) 4 (19 ) 15
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 and statements of other comprehensive income as at December 31, 2021 and 2020 are as follows: Total hedging loss recognized in OCI Line item in our Consolidated Statements of Financial Position (in million pesos) December 31, 2021 Long-term currency swaps (301 ) Other comprehensive loss Long-term foreign currency options (1,440 ) Other comprehensive loss (1,741 ) December 31, 2020 Long-term currency swaps (350 ) Other comprehensive loss Long-term foreign currency options (414 ) Other comprehensive loss (764 )
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, 2021 and 2020: 2021 2020 U.S. Dollar Php ( 1) U.S. Dollar Php ( 2) (in millions) Noncurrent Financial Assets Debt instruments at amortized cost — — 24 1,153 Derivative financial assets – net of current portion 1 48 — — Other financial assets – net of current portion — 19 — 7 Total noncurrent financial assets 1 67 24 1,160 Current Financial Assets Cash and cash equivalents 146 7,466 338 16,251 Short-term investments 5 254 10 480 Trade and other receivables – net 142 7,218 131 6,290 Current portion of derivative financial assets 2 93 1 22 Current portion of debt instruments at amortized cost 4 207 Current portion of other financial assets — — — 12 Total current financial assets 299 15,238 480 23,055 Total Financial Assets 300 15,305 504 24,215 Noncurrent Financial Liabilities Interest-bearing financial liabilities – net of current portion 758 38,648 802 38,530 Derivative financial liabilities – net of current portion 2 100 7 360 Other noncurrent liabilities — 23 1 22 Total noncurrent financial liabilities 760 38,771 810 38,912 Current Financial Liabilities Accounts payable 1,150 58,599 670 32,201 Accrued expenses and other current liabilities 239 12,164 253 12,135 Current portion of interest-bearing financial liabilities 44 2,252 59 2,842 Current portion of derivative financial liabilities 2 115 4 176 Total current financial liabilities 1,435 73,130 986 47,354 Total Financial Liabilities 2,195 111,901 1,796 86,266 (1) (2)
Summary of Trade and Other Receivables	As at December 31, 2021 and 2020, this account consists of receivables from: 2021 2020 (in million pesos) Retail subscribers (Note 28) 15,676 17,142 Corporate subscribers (Note 28) 13,079 13,318 Foreign administrations (Note 28) 1,341 1,520 Domestic carriers (Note 28) 241 226 Dealers, agents and others (Note 28) 5,288 6,098 35,625 38,304 Less: Allowance for expected credit losses 13,835 16,251 21,790 22,053 The gross carrying amount of financial assets not subject to impairment also represents our maximum exposure to credit risk as at December 31, 2021 and 2020 are as follows: 2021 2020 (in million pesos) Financial assets at fair value through profit or loss (Note 12) 339 380 Derivative financial assets – net of current portion 48 — Current portion of derivative financial assets 93 22 Total 480 402
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, 2021 and 2020, 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. 2021 Stage 1 12-Month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL 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 612 3,038 10,797 14,447 Gross carrying amount 30,419 24,828 10,797 66,044 Less allowance 612 3,038 10,797 14,447 Carrying amount 29,807 21,790 — 51,597 2020 Stage 1 12-Month ECL Stage 2 Lifetime ECL Stage 3 Lifetime ECL Total (in million pesos) High grade 44,618 8,239 — 52,857 Standard grade 563 4,443 — 5,006 Substandard grade — 9,371 — 9,371 Default 574 3,960 12,291 16,825 Gross carrying amount 45,755 26,013 12,291 84,059 Less allowance 574 3,960 12,291 16,825 Carrying amount 45,181 22,053 — 67,234
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, 2021 and 2020: 2021 Gross Maximum Exposure Collateral and Other Credit Enhancements* Net Maximum Exposure (in million pesos) Financial instruments at amortized cost: 51,597 513 51,084 Other financial assets 3,307 — 3,307 Debt instruments at amortized cost 607 — 607 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 Short-term investments 255 — 255 Interest rate swap 93 — 93 Long-term currency swaps 48 — 48 Other financial assets 6,856 — 6,856 Total 59,188 513 58,675 * 2020 Gross Maximum Exposure Collateral and Other Credit Enhancements* Net Maximum Exposure (in million pesos) Financial instruments at amortized cost: 67,066 528 66,538 Other financial assets 3,115 — 3,115 Debt instruments at amortized cost 1,153 — 1,153 Cash and cash equivalents 40,237 173 40,064 Short-term investments 508 — 508 Retail subscribers 7,152 18 7,134 Corporate subscribers 8,460 337 8,123 Foreign administrations 1,284 — 1,284 Domestic carriers 165 — 165 Dealers, agents and others 4,992 — 4,992 Financial instruments at FVPL: 7,855 — 7,855 Financial assets at FVPL 380 — 380 Short-term investments 481 — 481 Other financial assets 6,972 — 6,972 Interest rate swap 22 — 22 Financial instruments at FVOCI: 168 — 168 Financial assets at FVOCI 168 — 168 Total 75,089 528 74,561 * Includes bank insurance, security deposits and customer deposits. We have no collateral held as at December 31, 2020.
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, 2021 and 2020: Neither past due nor credit impaired Past due but not 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 Other financial assets 3,919 3,020 287 — 612 Debt instruments at amortized cost 607 607 — — — 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 — — Short-term investments 429 255 — — 174 Interest rate swap 93 93 — — — Long-term currency swaps 48 48 — — — Other financial assets 6,856 6,856 — — — Total 73,809 45,898 4,796 8,494 14,621 (1) (2) Neither past due nor credit impaired Past due but not Total Class A ( 1) Class B ( 2) credit impaired Impaired (in million pesos) December 31, 2020 Financial instruments at amortized cost: 83,891 52,689 5,006 9,371 16,825 Other financial assets 3,689 2,833 282 — 574 Debt instruments at amortized cost 1,153 1,153 — — — Cash and cash equivalents 40,237 39,956 281 — — Short-term investments 508 508 — — — Retail subscribers 17,142 3,263 2,348 1,541 9,990 Corporate subscribers 13,318 3,358 228 4,874 4,858 Foreign administrations 1,520 246 567 471 236 Domestic carriers 226 14 38 113 61 Dealers, agents and others 6,098 1,358 1,262 2,372 1,106 Financial instruments at FVPL: 7,855 7,741 114 — — Financial assets at FVPL 380 266 114 — — Short-term investments 481 481 — — — Other financial assets 6,972 6,972 — — — Interest rate swap 22 22 — — — Financial instruments at FVOCI: 168 168 — — — Financial assets at FVOCI 168 168 — — — Total 91,914 60,598 5,120 9,371 16,825 (1) (2)
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, 2021 and 2020 are as follows: Past due but not credit impaired Total Neither past due nor credit impaired 1-60 days 61-90 days Over 91 days Impaired (in million pesos) December 31, 2021 Financial instruments at amortized cost: 66,044 43,103 4,200 1,278 3,016 14,447 Other financial assets 3,919 3,307 — — — 612 Debt instruments at amortized cost 607 607 — — — — 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 — — — — Short-term investments 429 255 — — — 174 Interest rate swap 93 93 — — — — Long-term currency swaps 48 48 — — — — Other financial assets 6,856 6,856 — — — — Total 73,809 50,694 4,200 1,278 3,016 14,621 December 31, 2020 Financial instruments at amortized cost: 83,891 57,695 3,090 1,139 5,142 16,825 Other financial assets 3,689 3,115 — — — 574 Debt instruments at amortized cost 1,153 1,153 — — — — Cash and cash equivalents 40,237 40,237 — — — — Short-term investments 508 508 — — — — Retail subscribers 17,142 5,611 884 348 309 9,990 Corporate subscribers 13,318 3,586 1,606 559 2,709 4,858 Foreign administrations 1,520 813 144 70 257 236 Domestic carriers 226 52 31 10 72 61 Dealers, agents and others 6,098 2,620 425 152 1,795 1,106 Financial instruments at FVPL: 7,855 7,855 — — — — Financial assets at FVPL 380 380 — — — — Short-term investments 481 481 — — — — Other financial assets 6,972 6,972 — — — — Interest rate swap 22 22 — — — — Financial instruments at FVOCI: 168 168 — — — — Financial assets at FVOCI 168 168 — — — — Total 91,914 65,718 3,090 1,139 5,142 16,825
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, 2021 and 2020 are as follows: Notional Amount Carrying Amount Line item in our Consolidated Statements (U.S. Dollar) (Php) of Financial Position (in million pesos) 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 ) December 31, 2020 Interest rate swaps 40 — Derivative financial assets – net of current portion — 22 Current portion of derivative financial assets — (4 ) Derivative financial liabilities – net of current portion — (44 ) Current portion of derivative financial liabilities 40 (26 )
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, 2021 and 2020 are as follows: 2021 2020 Cash flow hedge reserve Cost of hedging reserve Cash flow hedge reserve Cost of hedging reserve (in million pesos) PLDT: US$200M MUFG Bank, Ltd. (1 ) — (16 ) — Smart: 2015 Mizuho US$200M — — (2 ) — 2015 Mizuho US$100M — — (6 ) — — — (8 ) —
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, 2021 and 2020 are as follows: Total hedging loss recognized in OCI Line item in our Consolidated Statements of Financial Position (in million pesos) December 31, 2021 Interest rate swaps (1 ) Other comprehensive loss December 31, 2020 Interest rate swaps (24 ) 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, 2021 and 2020. Financial instruments that are not subject to interest rate risk were not included in the table. 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/ Debt Issuance Cost In Php Carrying Value In Php In U.S. Dollar In Php (in millions) Assets: Debt Instruments at Amortized Cost 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% to 0.9500% over LIBOR 1.0500% over LIBOR 1.0500% over LIBOR 1.0500% over LIBOR 1.0500% over LIBOR — — — — — — Philippine Peso — 59 95 59 1,396 1,609 82,025 1,136 80,889 1,609 82,025 Interest rate — 0.5000% to 0.9000% over PHP BVAL/ 0.2500% over TDF (floor rate 3.9000% to 4.5000%) 0.5000% to 0.9000% over PHP BVAL/ 0.2500% over TDF (floor rate 3.9000% to 4.5000%) 0.6000% to 0.9000% over PHP BVAL/ 0.2500% over TDF (floor rate 3.9000% to 4.5000%) 0.6000% to 0.9000% over PHP BVAL/ 0.2500% over TDF (floor rate 3.9000% to 4.5000%) — — — — — — 150 631 319 736 3,174 5,010 255,414 2,857 252,557 4,983 254,027 As at December 31, 2020 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/ Debt Issuance Cost In Php Carrying Value In Php In U.S. Dollar In Php (in millions) Assets: Debt Instruments at Amortized Cost U.S. Dollar — 24 — — — 24 1,153 — 1,153 24 1,163 Interest rate — 0.8962% to 2.0000% — — — — — — — — — Cash in Bank U.S. Dollar 49 — — — — 49 2,337 — 2,337 49 2,337 Interest rate 0.0100% to 0.5000% — — — — — — — — — — Philippine Peso 103 — — — — 103 4,940 — 4,940 103 4,940 Interest rate 0.0500% to 2.5000% — — — — — — — — — — Temporary Cash Investments U.S. Dollar 254 — — — — 254 12,222 — 12,222 254 12,222 Interest rate 0.0200% to 2.5000% — — — — — — — — — — Philippine Peso 385 — — — — 385 18,490 — 18,490 385 18,490 Interest rate 0.3200% to 1.6000% — — — — — — — — — — Short-term Investments U.S. Dollar 10 — — — — 10 480 — 480 10 480 Interest rate — — — — — — — — — — — Philippine Peso 11 — — — — 11 509 — 509 11 509 Interest rate 2.0000% — — — — — — — — — — 812 24 — — — 836 40,131 — 40,131 836 40,141 Liabilities: Long-term Debt Fixed Rate U.S. Dollar Notes — — — — 600 600 28,813 634 28,179 632 30,336 Interest rate — — — — 2.5000% to 3.4500% — — — — — — U.S. Dollar Fixed Loans — 11 — — — 11 540 — 540 11 545 Interest rate — 2.8850% — — — — — — — — Philippine Peso 258 313 525 657 1,612 3,365 161,597 532 161,065 3,489 167,520 Interest rate 5.2250 % 3.9000% to 6.7339% 3.9000% to 6.7339% 3.9500% to 6.7339% 4.2500% to 6.7339% — — — — — — Variable Rate U.S. Dollar Loans — 93 39 53 70 255 12,222 69 12,153 255 12,222 Interest rate — 0.7900% to 1.0500% over LIBOR 1.0500% over LIBOR 1.0500% over LIBOR 1.0500% over LIBOR — — — — — — Philippine Peso — 9 4 77 344 434 20,855 27 20,828 434 20,855 Interest rate — 0.5000% to 0.7500% over PHP BVAL (floor rate 4.5000%) 0.5000% to 0.7500% over PHP BVAL (floor rate 4.5000%) 0.5000% to 0.7500% over PHP BVAL (floor rate 4.5000%) 0.6000% to 0.7500% over PHP BVAL (floor rate 4.5000%) — — — — — — 258 426 568 787 2,626 4,665 224,027 1,262 222,765 4,821 231,478

Notes to the Statements of Ca_2

Notes to the Statements of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 and 2020: January 1, 2021 Cash flows Foreign exchange movement Others December 31, 2021 (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 January 1, 2020 Cash flows Foreign exchange movement Others December 31, 2020 (in million pesos) Interest-bearing financial liabilities (Note 21) 192,556 31,979 (1,917 ) 147 222,765 Lease liabilities (Notes 3 and 10) 16,315 (5,781 ) — 9,491 20,025 Derivative financial liabilities 113 (430 ) — 853 536 Accrued interests and other related costs (Note 24) 1,531 (8,348 ) — 8,689 1,872 Dividends (Note 20) 1,584 (16,721 ) — 16,331 1,194 212,099 699 (1,917 ) 35,511 246,392
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, 2021 and 2020: 2021 2020 (in million pesos) Acquisition of property and equipment on account 23,522 9,992 Additions to ROU assets (Note 10) 7,314 9,335 Capitalization to property and equipment of: Inventories 5,989 3,934 Borrowing costs (Notes 5 and 9) 1,582 1,597 Foreign exchange differences – net (Note 9) 29 — Fair value adjustments of property and equipment — 18 38,436 24,876
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, 2021 and 2020: 2021 2020 (in million pesos) Additions to lease liabilities (Note 10) 7,314 11,122

Corporate Information - Additio

Corporate Information - Additional Information (Detail) ₱ / shares in Units, shares in Thousands, ₱ in Millions

Jul. 31, 2020

Oct. 09, 2019

Dec. 06, 2018

Nov. 28, 2018

Nov. 30, 2011shares

Mar. 14, 2006

Mar. 24, 2000

Dec. 31, 2021PHP (₱)₱ / sharesshares

Dec. 31, 2020PHP (₱)shares

Oct. 16, 2012PHP (₱)₱ / sharesshares

Jun. 05, 2012₱ / shares

Oct. 26, 2011shares

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

Percentage of Ownership

1.40%

1.30%

1.70%

48.74%

38.45%

43.97%

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

17,400

Digital Telecommunications Phils., Inc. [Member]

Disclosure Of Corporate Information [Line Items]

Common shares issued

27,700

Smart Communications, Inc. [Member]

Disclosure Of Corporate Information [Line Items]

Percentage of Ownership

100.00%

NTT Communications Corporation [Member]

Disclosure Of Corporate Information [Line Items]

Percentage of economic and voting interest held by strategic partner

15.00%

NTT DOCOMO, Inc. [Member]

Disclosure Of Corporate Information [Line Items]

Percentage of economic and voting interest held by strategic partner

7.00%

Shares sold

4,560

NTT Communications and NTT Docomo [Member]

Disclosure Of Corporate Information [Line Items]

Percentage of economic and voting interest held by strategic partner

20.00%

Philippine Telecommunications Investment Corporation [Member]

Disclosure Of Corporate Information [Line Items]

Percentage of interest in entity from shareholders acquired

6.00%

Philippine Telecommunications Investment Corporation [Member] | Metro Pacific Asset Holdings, Inc. [Member]

Disclosure Of Corporate Information [Line Items]

Percentage of interest in entity from shareholders

46.00%

First Pacific Group and Philippine Affiliates [Member]

Disclosure Of Corporate Information [Line Items]

Percentage of interest in entity from shareholders

26.00%

28.00%

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

Disclosure Of Corporate Information [Line Items]

Percentage of interest in entity from shareholders

15.00%

Percentage of economic and voting interest held by strategic partner

15.00%

First Pacific Group [Member]

Disclosure Of Corporate Information [Line Items]

Beneficial ownership decrease percentage

2.00%

First Pacific Group [Member] | Digital Telecommunications Phils., Inc. [Member]

Disclosure Of Corporate Information [Line Items]

Shares sold

5,810

JG Summit Group [Member]

Disclosure Of Corporate Information [Line Items]

Percentage of interest in entity from shareholders

11.00%

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

Disclosure Of Corporate Information [Line Items]

Percentage of interest in entity from shareholders

7.00%

Percentage of economic and voting interest held by strategic partner

7.00%

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] | Voting Preferred Stock [Member]

Disclosure Of Corporate Information [Line Items]

Percentage of economic and voting interest held by strategic partner

12.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Summary of Subsidiaries (Detail)	Jul. 31, 2020	Oct. 09, 2019	Dec. 06, 2018	Nov. 28, 2018	Mar. 24, 2000	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of Ownership	1.40%	1.30%	1.70%	48.74%		38.45%	43.97%
Smart Communications, Inc. [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of Ownership					100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						100.00%	100.00%
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						98.00%	98.00%
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						75.00%	75.00%
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%	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 Global Investments Holdings, 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 Global Investments Holdings, Inc. [Member] | Operating Segments [Member] | Direct [Member] | Others [Member]
Disclosure Of Significant Investments In Subsidiaries [Line Items]
Percentage of Ownership						100.00%	100.00%
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						100.00%	100.00%
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						67.00%	67.00%
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						100.00%	100.00%
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 - Additional Information (Detail)	Mar. 01, 2021	Jan. 29, 2021PHP (₱)	Apr. 30, 2020PHP (₱)Payment	Apr. 27, 2020PHP (₱)	Jan. 23, 2020PHP (₱)	Jun. 13, 2017PHP (₱)	May 30, 2016PHP (₱)	Dec. 31, 2021PHP (₱)Segment	Dec. 31, 2020PHP (₱)	Dec. 31, 2019PHP (₱)	Dec. 31, 2011PHP (₱)
Disclosure Of Significant Accounting Policies [Line Items]
Consideration paid (received)						₱ 21,800,000,000	₱ 26,200,000,000
Total expenses related to Covid-19 measures								₱ 942,000,000	₱ 903,000,000
Sales/purchase agreement on transfer of prepaid home wifi or phw subscribers		₱ 748,000
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								₱ 38,595,000,000	22,921,000,000
Equivalency of each Giga Point								1
Lease of low-value assets recognition exemption to leases that are considered of low value								1,000,000	₱ 2,000,000	₱ 204,000,000
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									72.00%
1-2 years [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Remaining performance obligations percentage								62.00%	28.00%
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								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
PLDT Home, Smart Consumer Postpaid, and Sun Consumer Postpaid Subscribers [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Equal monthly payments | Payment			6
Interest			0.00%
Penalties			₱ 0
PLDT [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Rent concessions as effect of Covid-19 pandemic								₱ 3,000,000	15,000,000
Smart and DMPI [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Rent concessions as effect of Covid-19 pandemic									122,000,000
SubicTel [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Consideration paid (received)					₱ 622,000,000
Maratel Subscribers [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Consideration paid (received)				₱ 500,000,000
Smart and PLDT [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Final purchase price amount plus value-added tax									₱ 1,336,000,000
PLDT and Subsidiaries [Member]
Disclosure Of Significant Accounting Policies [Line Items]
Number of business segments | Segment								3

Management's Use of Accountin_2

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

Jan. 01, 2022PHP (₱)

May 11, 2021shares

Jan. 19, 2021shares

Jul. 31, 2020

Jul. 01, 2020

Jun. 30, 2020

Apr. 07, 2020shares

Mar. 12, 2020PHP (₱)shares

Oct. 09, 2019

Jun. 03, 2019PHP (₱)

Dec. 06, 2018

Dec. 03, 2018PHP (₱)

Nov. 28, 2018seat

May 23, 2018

May 04, 2018

Mar. 07, 2018shares

Mar. 02, 2018PHP (₱)

Dec. 05, 2017

Jun. 27, 2017

Jun. 13, 2017PHP (₱)

Aug. 24, 2016

May 30, 2016PHP (₱)

Sep. 30, 2020

Sep. 30, 2018

Dec. 31, 2021PHP (₱)

Dec. 31, 2020PHP (₱)

Dec. 31, 2019PHP (₱)

Dec. 31, 2018shares

Jun. 30, 2023

Mar. 28, 2019shares

Apr. 15, 2018shares

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

₱ 5,388

₱ 4,940

₱ 4,393

Lease liabilities

₱ 21,686

₱ 20,025

16,315

Total consideration for the acquisition of existing shares

₱ 550

₱ 52,800

Payment for acquisition of shares

₱ 27

523

Investment as deposit for future stock subscription

₱ 800

Percentage of Ownership

1.40%

1.30%

1.70%

48.74%

38.45%

43.97%

Number of board seats | seat

2

Equity interest acquired

87.12%

50.00%

Total consideration

₱ 21,800

₱ 26,200

Net taxable income

₱ 8,538

₱ 9,906

9,701

Provision for current tax expense income

5,130

4,452

3,283

Deferred income tax assets and liabilities

(13,216)

(18,830)

(21,040)

Benefit from deferred income taxes

2,348

3,989

6,267

Additional depreciation recognized

1,028

Decrease in depreciation recognized

1,719

Total depreciation and amortization of property and equipment

46,781

42,540

35,263

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

302,736

260,868

232,134

Amortization of intangible assets (Notes 5 and 15)

2,822

2,496

758

Total carrying values of intangible assets

1,156

3,950

Consolidated unrecognized deferred income tax assets

901

1,940

Deferred income tax assets – net (Note 7)

13,385

19,556

23,623

Provision for expected credit losses for trade and other receivables

3,737

6,446

4,071

Impairment losses for contract assets

253

266

291

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

21,790

22,053

Contract assets, net of allowance for expected credit losses

2,251

2,467

Net pension benefit costs

2,213

2,218

1,018

Prepaid benefit costs

107,484

76,766

Accrued benefit costs

7,760

13,342

Total provision for asset retirement obligations

2,121

2,000

1,767

Total fair values of noncurrent financial assets

3,067

3,724

Total fair values of noncurrent financial liabilities

244,568

217,291

Transformation Incentive Plan [Member]

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

Number of shares issued | shares

54

860

Number of shares outstanding | shares

914

Number of shares to be issued | shares

757

302

204

Number of shares issued and fully paid | shares

239

239

239

Number of remaining common shares transferred | shares

12

Cash award for annual grant paid

₱ 654

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

1,186

1,134

638

Accrued incentive payable

1,186

1,134

Benefit Costs [Member]

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

Prepaid benefit costs

1,018

1,021

Defined Benefit Pension Plans [Member]

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

Net pension benefit costs

2,213

2,218

1,018

Intangible Assets with Finite Life [Member]

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

Total carrying values of intangible assets

1,156

3,950

Two G Technology Related Equipment

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

Additional depreciation recognized

1,397

1,458

₱ 1,508

Expected additional depreciation

46

Three G Technology Related Equipment

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

Additional depreciation recognized

1,406

₱ 3,035

Expected additional depreciation

110

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

CREATE Act [Member]

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

Lower income tax rate

25.00%

Deferred income tax assets and liabilities

₱ 3,125

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

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

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

Additional depreciation recognized

₱ 0

Domestic and Foreign Corporations [Member]

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

Applicable tax rate

25.00%

30.00%

Small and Medium Domestic Corporations [Member]

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

Lower income tax rate

20.00%

Net taxable income

₱ 5

Vega Telecom Inc. [Member]

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

Equity interest acquired

50.00%

Percentage of right on net assets

50.00%

Total carrying values of intangible assets

18,885

Bow Arken Holdings Company [Member]

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

Equity interest acquired

50.00%

Percentage of right on net assets

50.00%

Brightshare Holdings, Inc. [Member]

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

Equity interest acquired

50.00%

Percentage of right on net assets

50.00%

PCEVs Beacon Electric Asset Holdings Inc [Member]

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

Equity interest acquired

75.00%

Total consideration

₱ 4,852

₱ 21,800

₱ 26,200

Consideration settlement period in installments

annual installments from June 2018 to June 2021

annual installments until June 2021

Beacon Electric Asset Holdings, Inc. [Member]

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

Equity interest acquired

50.00%

Consideration settlement period in installments

annual installments until June 2020

Equity interest

20.00%

Bottom of range [member]

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

Non-cancellable lease period

1 year

Percentage of Ownership

2.00%

2.00%

0.40%

1.70%

5.30%

1.30%

Percentage of NCI for partly-owned subsidiaries of parent

5.00%

5.00%

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

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

Lower MCIT rate

1.00%

Bottom of range [member] | Small and Medium Domestic Corporations [Member]

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

Net taxable income for assets excluding land

₱ 100

Bottom of range [member] | MCIT [Member]

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

Applicable tax rate

2.00%

Bottom of range [member] | PAS 28 [Member] | Significant Influence [Member]

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

Ownership interest

20.00%

Top of range [member]

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

Non-cancellable lease period

30 years

Percentage of Ownership

2.10%

6.10%

1.40%

2.10%

4.90%

1.70%

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

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

Lower MCIT rate

2.00%

Top of range [member] | RCIT [Member]

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

Applicable tax rate

30.00%

Top of range [member] | PAS 28 [Member]

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

Ownership interest

20.00%

Operating Segment Information -

Operating Segment Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021Segment
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Operating Segments [Line Items]
Revenues	₱ 193,257	₱ 181,004	₱ 169,187
Service revenues (Note 5)	185,751	173,634	161,355
Non-service revenues (Note 5)	7,506	7,370	7,832
Depreciation and amortization (Notes 9 and 10)	52,169	47,480	39,656
Asset impairment	4,985	7,646	4,833
Interest income	656	1,210	1,745
Equity share in net earnings (losses) of associates and joint ventures	(1,101)	(2,328)	(1,535)
Financing costs – net	10,414	10,086	8,553
Provision for (benefit from) income tax	7,478	8,441	9,550
Net income (loss) / Segment profit (loss)	26,676	24,580	22,786
Adjusted EBITDA	₱ 95,900	₱ 86,158	₱ 79,815
Adjusted EBITDA margin	52.00%	50.00%	49.00%
Core income (loss)	₱ 29,937	₱ 27,129	₱ 25,111
Telco core income (loss)	30,233	28,087	27,080
Operating assets	559,579	504,167	447,541
Investments in associates and joint ventures	53,364	52,123	53,863
Deferred income tax assets – net	13,385	19,556	23,623
TOTAL ASSETS	626,328	575,846	525,027
Operating liabilities	498,694	455,455	406,154
Deferred income tax liabilities	169	726	2,583
TOTAL LIABILITIES	498,863	456,181	408,737
Capital expenditures, including capitalized interest (Note 9)	88,983	71,904	72,871
External customers [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	193,257	181,004	169,187
Service revenues (Note 5)	185,751	173,634	161,355
Non-service revenues (Note 5)	7,506	7,370	7,832
Wireless [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	105,492	101,789	94,488
Service revenues (Note 5)	98,512	95,748	88,243
Fixed Line [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	87,765	79,215	74,699
Service revenues (Note 5)	87,239	77,886	73,112
Non-service revenues (Note 5)	526	1,329	1,587
Operating Segments [Member] | Wireless [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	106,619	104,211	96,906
Depreciation and amortization (Notes 9 and 10)	40,459	35,134	29,484
Asset impairment	1,241	2,196	1,133
Interest income	355	537	703
Financing costs – net	7,551	6,886	6,422
Provision for (benefit from) income tax	3,366	4,536	4,423
Net income (loss) / Segment profit (loss)	9,434	15,166	13,101
Adjusted EBITDA	₱ 60,876	₱ 60,272	₱ 52,789
Adjusted EBITDA margin	61.00%	61.00%	58.00%
Core income (loss)	₱ 13,645	₱ 16,440	₱ 13,685
Telco core income (loss)	13,645	17,217	14,063
Operating assets	299,513	219,412	287,059
Investments in associates and joint ventures	39	40	10
Deferred income tax assets – net	4,695	6,943	13,102
TOTAL ASSETS	304,247	226,395	300,171
Operating liabilities	213,219	227,687	221,755
Deferred income tax liabilities		23	1,986
TOTAL LIABILITIES	213,219	227,710	223,741
Capital expenditures, including capitalized interest (Note 9)	36,898	33,118	30,718
Operating Segments [Member] | Wireless [Member] | External customers [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	105,492	101,789	94,488
Service revenues (Note 5)	98,512	95,748	88,243
Non-service revenues (Note 5)	6,980	6,041	6,245
Operating Segments [Member] | Wireless [Member] | Intersegment [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	1,127	2,422	2,418
Service revenues (Note 5)	1,127	2,422	2,418
Operating Segments [Member] | Fixed Line [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	117,063	98,739	89,406
Depreciation and amortization (Notes 9 and 10)	22,139	19,383	16,141
Asset impairment	3,743	5,490	3,699
Interest income	275	636	680
Equity share in net earnings (losses) of associates and joint ventures	103	50	568
Financing costs – net	6,029	6,059	5,078
Provision for (benefit from) income tax	4,103	3,734	5,341
Net income (loss) / Segment profit (loss)	26,146	14,509	11,421
Adjusted EBITDA	₱ 45,832	₱ 33,405	₱ 33,162
Adjusted EBITDA margin	39.00%	34.00%	38.00%
Core income (loss)	₱ 26,298	₱ 15,463	₱ 12,531
Telco core income (loss)	25,736	13,649	12,531
Operating assets	285,083	319,384	198,468
Investments in associates and joint ventures	43,519	43,690	73,386
Deferred income tax assets – net	8,433	11,628	11,791
TOTAL ASSETS	337,035	374,702	283,645
Operating liabilities	293,162	274,614	229,855
Deferred income tax liabilities	169	330	384
TOTAL LIABILITIES	293,331	274,944	230,239
Capital expenditures, including capitalized interest (Note 9)	52,085	38,786	42,153
Operating Segments [Member] | Fixed Line [Member] | External customers [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	87,765	79,215	74,699
Service revenues (Note 5)	87,239	77,886	73,112
Non-service revenues (Note 5)	526	1,329	1,587
Operating Segments [Member] | Fixed Line [Member] | Intersegment [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	29,298	19,524	14,707
Service revenues (Note 5)	29,290	19,524	14,707
Non-service revenues (Note 5)	8
Operating Segments [Member] | Others [Member]
Disclosure Of Operating Segments [Line Items]
Asset impairment	1	1	1
Interest income	26	92	362
Equity share in net earnings (losses) of associates and joint ventures	(1,204)	(2,378)	(2,103)
Financing costs – net		55
Provision for (benefit from) income tax	(270)	(617)	(444)
Net income (loss) / Segment profit (loss)	384	(318)	(1,769)
Adjusted EBITDA	(7)	(12)	(101)
Core income (loss)	(666)	193	(1,151)
Telco core income (loss)	192	2,188	440
Operating assets	7,351	6,371	7,943
Investments in associates and joint ventures	9,806	8,393	9,897
Deferred income tax assets – net	(81)	(350)	(711)
TOTAL ASSETS	17,076	14,414	17,129
Operating liabilities	1,023	1,457	833
Deferred income tax liabilities			252
TOTAL LIABILITIES	1,023	1,457	1,085
Elimination of intersegment amounts [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	(30,425)	(21,946)	(17,125)
Depreciation and amortization (Notes 9 and 10)	(10,429)	(7,037)	(5,969)
Asset impairment		(41)
Interest income		(55)
Financing costs – net	(3,166)	(2,914)	(2,947)
Provision for (benefit from) income tax	279	788	230
Net income (loss) / Segment profit (loss)	(9,288)	(4,777)	33
Adjusted EBITDA	(10,801)	(7,507)	(6,035)
Core income (loss)	(9,340)	(4,967)	46
Telco core income (loss)	(9,340)	(4,967)	46
Operating assets	(32,368)	(41,000)	(45,929)
Investments in associates and joint ventures			(29,430)
Deferred income tax assets – net	338	1,335	(559)
TOTAL ASSETS	(32,030)	(39,665)	(75,918)
Operating liabilities	(8,710)	(48,303)	(46,289)
Deferred income tax liabilities		373	(39)
TOTAL LIABILITIES	(8,710)	(47,930)	(46,328)
Elimination of intersegment amounts [Member] | Intersegment [Member]
Disclosure Of Operating Segments [Line Items]
Revenues	(30,425)	(21,946)	(17,125)
Service revenues (Note 5)	(30,417)	₱ (21,946)	₱ (17,125)
Non-service revenues (Note 5)	₱ (8)

Operating Segment Information_3

Operating Segment Information - Summary of Reconciliation of Consolidated Net Income to Consolidated Adjusted EBITDA (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Operating Segments [Abstract]
NET INCOME	₱ 26,676	₱ 24,580	₱ 22,786
Add (deduct) adjustments:
Depreciation and amortization (Notes 9 and 10)	52,169	47,480	39,656
Financing costs – net	10,414	10,086	8,553
Provision for (benefit from) income tax	7,478	8,441	9,550
Foreign exchange losses (gains) – net (Notes 5 and 28)	3,890	(1,488)	(424)
Amortization of intangible assets (Notes 5 and 15)	2,822	2,496	758
Equity share in net losses of associates and joint ventures (Notes 5 and 11)	1,101	2,328	1,535
Impairment of property and equipment (Notes 5 and 9)	148
Interest income (Note 5)	(656)	(1,210)	(1,745)
Losses (gains) on derivative financial instruments – net (Notes 5 and 28)	(1,400)	378	284
Other income – net	(6,742)	(6,933)	(1,138)
Gains on dilution of shares (Notes 5 and 11)	(826)	(394)
Gains on sale of property and equipment (Note 5)	(884)	(3,369)	(88)
Gain on debt modification (Note 5)	(1,372)
Reversal of provisions (Note 5)	(2,594)	(2,679)	(999)
Others	(1,066)	(491)	(51)
Total adjustments	69,224	61,578	57,029
Consolidated Adjusted EBITDA	₱ 95,900	₱ 86,158	₱ 79,815

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Operating Segments [Line Items]
NET INCOME	₱ 26,676	₱ 24,580	₱ 22,786
Add (deduct) adjustments:
Foreign exchange losses (gains) – net (Notes 5 and 28)	3,890	(1,488)	(424)
Amortization of intangible assets (Notes 5 and 15)	2,822	2,496	758
Accelerated depreciation	1,110
Manpower rightsizing program, or MRP (Note 5)	269	2,625	3,296
Losses from changes in fair value of financial assets at FVPL	174		675
Impairment/derecognition of investments (Notes 11 and 12)	60	659	34
Core income adjustment on equity share in net income of associates and joint ventures	(7)	(6)	(226)
Net income attributable to noncontrolling interests	(309)	(296)	(265)
CREATE Act impact on deferred income taxes – net	(355)
Net tax effect of aforementioned adjustments	(1,209)	(1,106)	(998)
Gain on debt modification – net of amortization of debt discount	(1,339)
Losses (gains) on derivative financial instruments – net, excluding hedge costs (Note 28)	(1,651)	284	233
Total adjustments	3,261	2,549	2,325
Consolidated core income	29,937	27,129	25,111
Add (deduct) adjustments:
Accelerated depreciation		1,496	378
Loss (gain) on sale of Rocket Internet SE, or Rocket Internet, shares		364	(185)
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)	(983)
Total adjustments	296	958	1,969
Telco core income (loss)	30,233	28,087	27,080
VIH [Member]
Disclosure Of Operating Segments [Line Items]
NET INCOME	(5,541)	(4,880)	(4,576)
Add (deduct) adjustments:
Share in VIH losses	1,981	1,954	₱ 1,776
VIH gain on dilution – net of tax	(702)	(323)
Sun Trademark [Member]
Add (deduct) adjustments:
Amortization of intangible assets (Notes 5 and 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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Operating Segments [Line Items]
Consolidated core EPS, basic	₱ 138.29	₱ 125.29	₱ 115.95
Add (deduct) adjustments, basic
Gains (losses) on derivative financial instruments – net, excluding hedge costs, basic	5.73	(0.92)	(0.75)
Gain on debt modification, basic	4.65
CREATE Act impact on deferred taxes – net, basic	1.64
Core income adjustment on equity share in net earnings of associates and joint ventures, basic	0.03	0.03	1.05
Impairment/derecognition of investments, basic	(0.28)	(3.05)	(0.16)
Losses from changes in fair value of financial assets at FVPL, basic	(0.81)
MRP, basic	(1.02)	(8.51)	(10.73)
Accelerated depreciation, basic	(3.85)
Foreign exchange gains (losses) – net, basic	(13.50)	5.36	1.73
Unrealized losses in fair value of investments, basic			(3.12)
Total adjustments, basic	(16.53)	(13.17)	(11.98)
Consolidated EPS attributable to common equity holders of PLDT, basic	121.76	112.12	103.97
Consolidated core EPS, diluted	138.29	125.29	115.95
Add (deduct) adjustments, diluted
Gains (losses) on derivative financial instruments – net, excluding hedge costs, diluted	5.73	(0.92)	(0.75)
Gain on debt modification, diluted	4.65
CREATE Act impact on deferred taxes – net, diluted	1.64
Core income adjustment on equity share in net earnings of associates and joint ventures, diluted	0.03	0.03	1.05
Impairment/derecognition of investments, diluted	(0.28)	(3.05)	(0.16)
Losses from changes in fair value of financial assets at FVPL, diluted	(0.81)
MRP, diluted	(1.02)	(8.51)	(10.73)
Accelerated depreciation, diluted	(3.85)
Foreign exchange gains (losses) – net, diluted	(13.50)	5.36	1.73
Unrealized losses in fair value of investments, diluted			(3.12)
Total adjustments, diluted	(16.53)	(13.17)	(11.98)
Consolidated EPS attributable to common equity holders of PLDT, diluted	121.76	112.12	₱ 103.97
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Operating Segments [Line Items]
Service revenues (Note 5)	₱ 185,751	₱ 173,634	₱ 161,355
Non-service revenues (Note 5)	7,506	7,370	7,832
Revenues	193,257	181,004	169,187
Wireless [Member]
Disclosure Of Operating Segments [Line Items]
Service revenues (Note 5)	98,512	95,748	88,243
Revenues	105,492	101,789	94,488
Wireless [Member] | Mobile [member]
Disclosure Of Operating Segments [Line Items]
Service revenues (Note 5)	95,619	95,589	87,823
Wireless [Member] | Home broadband [member]
Disclosure Of Operating Segments [Line Items]
Service revenues (Note 5)	2,889	40	85
Wireless [Member] | MVNO and others [member]
Disclosure Of Operating Segments [Line Items]
Service revenues (Note 5)	4	119	335
Wireless [Member] | Sale of mobile handsets and broadband data modems [member]
Disclosure Of Operating Segments [Line Items]
Non-service revenues (Note 5)	6,980	6,041	6,245
Fixed Line [Member]
Disclosure Of Operating Segments [Line Items]
Service revenues (Note 5)	87,239	77,886	73,112
Non-service revenues (Note 5)	526	1,329	1,587
Revenues	87,765	79,215	74,699
Fixed Line [Member] | Voice [member]
Disclosure Of Operating Segments [Line Items]
Service revenues (Note 5)	20,222	19,484	19,890
Fixed Line [Member] | Data [member]
Disclosure Of Operating Segments [Line Items]
Service revenues (Note 5)	66,624	58,064	52,787
Fixed Line [Member] | Miscellaneous [member]
Disclosure Of Operating Segments [Line Items]
Service revenues (Note 5)	393	338	435
Fixed Line [Member] | Sale of computers, phone units and SIM cards [member]
Disclosure Of Operating Segments [Line Items]
Non-service revenues (Note 5)	454	1,140	1,193
Fixed Line [Member] | Point-product-sales [member]
Disclosure Of Operating Segments [Line Items]
Non-service revenues (Note 5)	₱ 72	₱ 189	₱ 394

Income and Expenses - Summary o

Income and Expenses - Summary of Revenues from Contracts with Customers (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	₱ 193,257	₱ 181,004	₱ 169,187
Service Revenue [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	185,751	173,634	161,355
Non-service Revenue [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	7,506	7,370	7,832
Transferred over Time [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	185,751	173,634	161,355
Transferred at a Point Time [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	7,506	7,370	7,832
Elimination of intersegment amounts [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	(30,425)	(21,946)	(17,125)
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	(30,417)	(21,946)	(17,125)
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	(30,417)	(21,946)	(17,125)
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	106,619	104,211	96,906
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	99,639	98,170	90,661
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	6,980	6,041	6,245
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	99,639	98,170	90,661
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	6,980	6,041	6,245
Fixed Line [Member] | Operating Segments [Member]
Disclosure Of Disaggregation Of Revenue From Contracts With Customers [Line Items]
Total revenues from contracts with customers	117,063	98,739	89,406
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	116,529	97,410	87,819
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	534	1,329	1,587
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	116,529	97,410	87,819
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	₱ 534	₱ 1,329	₱ 1,587

Income and Expenses - Summary_2

Income and Expenses - Summary of Contract Balances (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Contract Balances [Abstract]
Trade and other receivables	₱ 35,625	₱ 38,304
Contract assets	2,306	2,559
Contract liabilities and unearned revenues (Notes 22 and 24)	₱ 13,621	₱ 9,571	₱ 8,483	₱ 7,182

Income and Expenses - Additiona

Income and Expenses - Additional Information (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Analysis Of Contract Balances [Abstract]
Decrease in gross trade and other receivables	₱ 2,679
Decrease in contract assets	253
Contract liabilities and unearned revenues	4,050
Noncurrent portion of contract liabilities and unearned revenues	3,558	₱ 976
Current portion of contract liabilities and unearned revenues	₱ 10,063	₱ 8,595

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Movement In Allowance For Expected Credit Losses Of Contract Assets [Abstract]
Balances at beginning of the year	₱ 92	₱ 70	₱ 131
Provisions	32
Reclassification	(69)	22	(61)
Balances at end of the year	₱ 55	₱ 92	₱ 70

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Contract Liabilities [Abstract]
Balances at beginning of the year	₱ 9,571	₱ 8,483	₱ 7,182
Deferred during the year	138,346	127,160	111,084
Recognized as revenue during the year	(134,296)	(126,072)	(109,783)
Balances at end of the year	₱ 13,621	₱ 9,571	₱ 8,483

Income and Expenses - Summary_5

Income and Expenses - Summary of Contract Liabilities and Unearned Revenues Account (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Offsetting Liabilities [Line Items]
Total contract liabilities and unearned revenues	₱ 13,621	₱ 9,571	₱ 8,483	₱ 7,182
Contract liabilities:
Noncurrent	223	4
Current	21	12
Noncurrent	3,335	972
Current	10,042	8,583
Unearned revenues from prepaid contracts [member]
Offsetting Liabilities [Line Items]
Unearned revenues from prepaid contracts	6,716	6,185
Advance Monthly Service Fees
Offsetting Liabilities [Line Items]
Contract liabilities and unearned revenues	2,476	1,747
Short-term advances for installatin services [member]
Offsetting Liabilities [Line Items]
Contract liabilities and unearned revenues	2,355	1,167
Leased facilities [member]
Offsetting Liabilities [Line Items]
Contract liabilities and unearned revenues	2,045	446
Long-term advances from equipment [member]
Offsetting Liabilities [Line Items]
Contract liabilities and unearned revenues	₱ 29	₱ 26

Income and Expenses - Summary_6

Income and Expenses - Summary of Selling, General and Administrative Expenses (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Analysis Of Income And Expense [Abstract]
Compensation and employee benefits	₱ 25,344	₱ 26,833	₱ 24,883
Repairs and maintenance (Notes 14, 18 and 25)	24,653	21,555	20,007
Professional and other contracted services (Note 25)	8,371	7,307	7,408
Selling and promotions (Note 25)	6,716	6,542	5,395
Taxes and licenses	4,331	5,495	4,570
Amortization of intangible assets (Notes 5 and 15)	2,822	2,496	758
Rent (Notes 10 and 25)	2,231	1,384	1,290
Insurance and security services (Note 25)	1,739	1,699	1,671
Communication, training and travel (Note 25)	977	903	1,203
Other expenses	1,119	1,041	1,045
Total selling, general and administrative expenses	₱ 78,303	₱ 75,255	₱ 68,230

Income and Expenses - Summary_7

Income and Expenses - Summary of Compensation and Employee Benefits (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Analysis Of Income And Expense [Abstract]
Salaries and other employee benefits	₱ 21,676	₱ 20,856	₱ 19,931
Net pension benefit costs	2,213	2,218	1,018
Incentive plan (Note 26)	1,186	1,134	638
Manpower rightsizing program, or MRP (Note 5)	269	2,625	3,296
Total compensation and employee benefits	₱ 25,344	₱ 26,833	₱ 24,883

Income and Expenses - Summary_8

Income and Expenses - Summary of Cost of Sales and Services (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Analysis Of Income And Expense [Abstract]
Cost of computers, mobile handsets and broadband data modems (Note 18)	₱ 8,286	₱ 8,275	₱ 9,402
Cost of services (Note 18)	3,492	2,991	3,680
Cost of point-product-sales (Note 18)	1,563	1,029	347
Total cost of sales and services	₱ 13,341	₱ 12,295	₱ 13,429

Income and Expenses - Summary_9

Income and Expenses - Summary of Asset Impairment (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Analysis Of Income And Expense [Abstract]
Trade and other receivables (Note 17)	₱ 3,737	₱ 6,446	₱ 4,071
Inventories and supplies (Note 18)	847	934	471
Contract assets (Note 3)	253	266	291
Property and equipment (Note 9)	148
Total asset impairment	₱ 4,985	₱ 7,646	₱ 4,833

Income and Expenses - Summar_10

Income and Expenses - Summary of Other Income (Expenses) - Net (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Analysis Of Income And Expense [Abstract]
Reversal of provisions	₱ 2,594	₱ 2,679	₱ 999
Gains (losses) on derivative financial instruments – net (Note 28)	1,400	(378)	(284)
Gain on debt modification(1)	1,372
Gains on sale of property and equipment (Note 9)	884	3,369	88
Gain on dilution of shares (Note 11)	826	394
Interest income	656	1,210	1,745
Gain on change in fair value of Phunware, Inc., or Phunware (Note 12)	306
Gain on sale of Phunware (Note 12)	115
Equity share in net earnings (losses) of associates and joint ventures	(1,101)	(2,328)	(1,535)
Foreign exchange gains (losses) – net (Note 28)	(3,890)	1,488	424
Financing costs – net	(10,414)	(10,086)	(8,553)
Others – net (Notes 11, 12 and 14)	645	491	51
Total other expenses – net	₱ (6,607)	₱ (3,161)	₱ (7,065)

Income and Expenses - Summar_11

Income and Expenses - Summary of Interest Income (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Analysis Of Income And Expense [Abstract]
Interest income arising from revenue contracts with customers	₱ 299	₱ 414	₱ 431
Interest income on cash and cash equivalents (Note 16)	269	560	1,022
Interest income on financial instruments at FVPL	23	8
Interest income on financial instruments at amortized cost (Note 13)	13	143	45
Interest income on financial instruments at FVOCI	2	70	239
Interest income – others	50	15	8
Total interest income	₱ 656	₱ 1,210	₱ 1,745

Income and Expenses - Summar_12

Income and Expenses - Summary of Financing Costs - Net (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Analysis Of Income And Expense [Abstract]
Interest on loans and other related items (Notes 21 and 28)	₱ 10,482	₱ 10,333	₱ 8,730
Accretion on lease liabilities (Notes 5, 10 and 29)	1,170	1,125	1,061
Accretion on financial liabilities (Notes 5 and 21)	239	146	122
Financing charges	105	79	95
Capitalized interest (Notes 9 and 29)	(1,582)	(1,597)	(1,455)
Total financing costs – net	₱ 10,414	₱ 10,086	₱ 8,553

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	₱ 119,665	₱ 116,290
Other comprehensive income (loss)	1,767	(4,290)	₱ (6,182)
Ending balance	127,465	119,665	116,290
Foreign currency translation differences of subsidiaries [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	701	722	695
Other comprehensive income (loss)	(335)	(21)	27
Ending balance	366	701	722
Net loss on financial instrument 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	(1,202)	(896)	(640)
Other comprehensive income (loss)	(763)	(306)	(256)
Ending balance	(1,965)	(1,202)	(896)
Revaluation increment on investment properties - net of tax [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	508	508	510
Other comprehensive income (loss)	36		(2)
Ending balance	544	508	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	108
Other comprehensive income (loss)	(108)
Ending balance		108	108
Actuarial losses on defined benefit plans - net of tax [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	(35,720)	(31,763)	(25,689)
Other comprehensive income (loss)	364	(3,957)	(6,074)
Ending balance	(35,356)	(35,720)	(31,763)
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	(37)
Other comprehensive income (loss)	23	(37)
Ending balance	(14)	(37)
Fair value changes of financial instrument at FVOCI [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	(1)	(38)	(165)
Other comprehensive income (loss)	(2)	37	127
Ending balance	(3)	(1)	(38)
Total other comprehensive loss attributable to equity holders of PLDT [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	(35,652)	(31,368)	(25,190)
Other comprehensive income (loss)	(785)	(4,284)	(6,178)
Ending balance	(36,437)	(35,652)	(31,368)
Share of noncontrolling interests [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	9	15	19
Other comprehensive income (loss)	6	(6)	(4)
Ending balance	15	9	15
Aoci Including Portion Attributable To Noncontrolling Interest [Member]
Disclosure Of Analysis Of Other Comprehensive Income By Item [Line Items]
Beginning balance	(35,643)	(31,353)	(25,171)
Other comprehensive income (loss)	(779)	(4,290)	(6,182)
Ending balance	₱ (36,422)	₱ (35,643)	₱ (31,353)

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Major Components Of Tax Expense Income [Abstract]
Net deferred income tax assets	₱ 13,385	₱ 19,556	₱ 23,623
Net deferred income tax liabilities	₱ 169	₱ 726	₱ 2,583

Income Taxes - Summary of Compo

Income Taxes - Summary of Components of Net Deferred Income Tax Assets and Liabilities (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	₱ 13,385	₱ 19,556	₱ 23,623
Net deferred income tax liabilities	169	726	₱ 2,583
Pension and other employee benefits [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	3,590	6,394
Unamortized past service pension costs [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	3,364	4,874
Unearned revenues [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	3,022	2,509
Accumulated provision for expected credit loss [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	2,920	3,577
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	662	699
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	581	666
Unrealized foreign exchange losses (gains) [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	403	(457)
Customer list and trademark [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	129	1,116
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	79	61
NOLCO [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	10	88
Excess MCIT over RCIT [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	1	3
Derivative financial instruments [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	(30)	33
Taxes and duties capitalized [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	(141)	(124)
Capitalized charges and others [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax assets	(1,205)	117
Investment Property [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax liabilities	241	569
Unrealized foreign exchange gains [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax liabilities	5	167
Intangible assets and fair value adjustment on assets acquired - net of amortization [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax liabilities		70
Others [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Net deferred income tax liabilities	₱ 77	₱ 80

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Major Components Of Tax Expense Income [Abstract]
Net deferred income tax assets – balances at beginning of the year	₱ 19,556	₱ 23,623
Net deferred income tax liabilities – balances at beginning of the year	(726)	(2,583)
Net balances at beginning of the year	13,216	18,830	₱ 21,040
Provision for deferred income tax	(2,348)	(3,989)	(6,267)
Movement charged directly to other comprehensive income (loss)	(3,239)	1,811
Others	(27)	(32)
Net deferred income tax assets – balances at end of the year	13,385	19,556	23,623
Net deferred income tax liabilities – balances at end of the year	₱ (169)	₱ (726)	₱ (2,583)

Income Taxes - Summary of Analy

Income Taxes - Summary of Analysis of Net Deferred Income Tax Assets (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax assets	₱ 13,385	₱ 19,556	₱ 23,623
Costs [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax assets	13,385	19,556
Costs [Member] | After 12 months [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax assets	10,127	13,041
Costs [Member] | Less than 1 year [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax assets	₱ 3,258	₱ 6,515

Income Taxes - Summary of Ana_2

Income Taxes - Summary of Analysis of Net Deferred Income Tax Liabilities (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax liabilities	₱ (169)	₱ (726)	₱ (2,583)
Costs [Member] | After 12 months [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax liabilities	(173)	(477)
Costs [Member] | Less than 1 year [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deferred income tax liabilities	₱ 4	₱ (249)

Income Taxes - Summary of Provi

Income Taxes - Summary of Provision for Income Tax (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Major Components Of Tax Expense Income [Abstract]
Provision for current tax expense income	₱ 5,130	₱ 4,452	₱ 3,283
Benefit from deferred income taxes	2,348	3,989	6,267
Actual provision for corporate income tax	₱ 7,478	₱ 8,441	₱ 9,550

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - PHP (₱)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Other Income Expense [Line Items]
Excess MCIT deducted against RCIT	₱ 2,000,000	₱ 1,426,000,000	₱ 206,000,000
Unrecognized deferred income tax assets	901,000,000	1,940,000,000
Total excess MCIT	23,000,000
Expired portion of excess MCIT	0	1,000,000	10,000,000
Total NOLCO claimed as deduction against future taxable income	370,000,000
Deduction against taxable income	556,000,000	2,109,000,000	9,530,000,000
Expired portion of excess NOLCO	990,000,000	1,170,000,000	₱ 973,000,000
Expiration amount of NOLCO incurred after five years	₱ 189,000,000	183,000,000
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 One Net
Disclosure Of Other Income Expense [Line Items]
Total excess MCIT	₱ 23,000,000
Total NOLCO claimed as deduction against future taxable income	365,000,000
DMPI and ePLDT [Member]
Disclosure Of Other Income Expense [Line Items]
Unrecognized deferred income tax assets	201,000,000	₱ 209,000,000
VIH [Member]
Disclosure Of Other Income Expense [Line Items]
Unrecognized deferred income tax liability	₱ 58,000,000
Subic Tel and Clark Tel [Member]
Disclosure Of Other Income Expense [Line Items]
Special income tax rate as percentage of gross sales	5.00%

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Major Components Of Tax Expense Income [Abstract]
Provision for income tax at the applicable statutory tax rate	₱ 8,538	₱ 9,906	₱ 9,701
Tax effects of:
Nondeductible expenses	558	144	907
NOLCO/MCIT expiration	248	352	302
Tax adjustment due to CREATE	94
Loss (income) not subject to income tax	(50)	(27)	154
Income subject to final tax	(186)	(189)	(599)
Special deductible items and income subject to lower tax rate	(204)	(537)	(643)
Equity share in net income of associates and joint ventures	(284)	(20)	(220)
Difference between Optional Standard Deduction, OSD, and itemized deductions	(610)	(426)	(251)
Net movement in unrecognized deferred income tax assets and other adjustments	(626)	(762)	199
Actual provision for corporate income tax	₱ 7,478	₱ 8,441	₱ 9,550

Income Taxes - Summary of Amoun

Income Taxes - Summary of Amount of Unrecognized Deferred Income Tax Assets (Details) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Deductible temporary differences for which no deferred tax asset is recognized	₱ 3,537	₱ 6,421
Consolidated unrecognized deferred income tax assets	901	1,940
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	1,286	1,284
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	963	2,907
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	761
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	327	1,358
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	75	61
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	28	5
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	22	20
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	21	17
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	19
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	2
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 is recognized	₱ (4)	(4)
Operating lease [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		₱ 10

Income Taxes - Summary of Break

Income Taxes - Summary of Breakdown of Consolidated Excess MCIT and NOLCO (Detail) ₱ in Millions	12 Months Ended
	Dec. 31, 2021PHP (₱)
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
MCIT	₱ 23
Consolidated tax benefits, MCIT	23
Consolidated unrecognized deferred income tax assets, MCIT	(22)
Consolidated recognized deferred income tax assets, MCIT	1
NOLCO	370
Consolidated tax benefits, NOLCO	92
Consolidated unrecognized deferred income tax assets, NOLCO	(82)
Consolidated recognized deferred income tax assets, NOLCO	10
Foreign Affiliates [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
NOLCO	₱ 5
December 31, 2019 [Member]
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
Expiry Date	Dec. 31, 2022
MCIT	₱ 7
NOLCO	₱ 1
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
NOLCO	₱ 183
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	₱ 2
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	₱ 181
December Thirty One Two Thousand And Twenty One Net
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits [Line Items]
MCIT	23
NOLCO	₱ 365

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Consolidated net income attributable to equity holders of PLDT, basic	₱ 26,367	₱ 24,284	₱ 22,521
Dividends on preferred shares, basic	(59)	(59)	(59)
Consolidated net income attributable to common equity holders of PLDT, basic	₱ 26,308	₱ 24,225	₱ 22,462
Weighted average number of common shares, basic	216,056	216,056	216,056
EPS attributable to common equity holders of PLDT, basic	₱ 121.76	₱ 112.12	₱ 103.97
Consolidated net income attributable to equity holders of PLDT, diluted	₱ 26,367	₱ 24,284	₱ 22,521
Dividends on preferred shares, diluted	(59)	(59)	(59)
Consolidated net income attributable to common equity holders of PLDT, diluted	₱ 26,308	₱ 24,225	₱ 22,462
Weighted average number of common shares, diluted	216,056	216,056	216,056
EPS attributable to common equity holders of PLDT, diluted	₱ 121.76	₱ 112.12	₱ 103.97

Property and Equipment - Summar

Property and Equipment - Summary of Changes in Property and Equipment Account (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	₱ 260,868	₱ 232,134
Additions (Note 4)	88,983	71,904
Disposals/Retirements	(333)	(679)
Reclassifications	146	(11)
Impairment losses recognized during the year (Note 5)	(148)
Translation differences charged directly to cumulative translation adjustments	1	(3)
Adjustments		64
Depreciation of revaluation increment on investment properties transferred to property and equipment charged to other comprehensive income		(1)
Depreciation and amortization	(46,781)	(42,540)	₱ (35,263)
Net book value at end of the year	302,736	260,868	232,134
Adjustments		(64)
Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	697,488	715,960
Net book value at end of the year	780,685	697,488	715,960
Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	(436,620)	(483,826)
Net book value at end of the year	(477,949)	(436,620)	(483,826)
Cable and wire facilities [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	58,290	40,118
Additions (Note 4)	1,306	915
Disposals/Retirements	(9)	(12)
Reclassifications		6,116
Impairment losses recognized during the year (Note 5)	(27)
Transfers and others	22,641	21,066
Adjustments	(8)	9
Depreciation and amortization	(10,676)	(9,922)
Net book value at end of the year	71,533	58,290	40,118
Adjustments	8	(9)
Cable and wire facilities [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	205,338	201,652
Net book value at end of the year	229,160	205,338	201,652
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	(147,048)	(161,534)
Net book value at end of the year	(157,627)	(147,048)	(161,534)
Central equipment [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	549	628
Additions (Note 4)	906	155
Disposals/Retirements	(1)
Reclassifications	1,850	(707)
Adjustments		871
Depreciation and amortization	(552)	(398)
Net book value at end of the year	2,752	549	628
Adjustments		(871)
Central equipment [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	3,134	2,800
Net book value at end of the year	5,896	3,134	2,800
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	(2,585)	(2,172)
Net book value at end of the year	(3,144)	(2,585)	(2,172)
Network facilities [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	111,603	110,510
Additions (Note 4)	141	2,124
Disposals/Retirements	(81)	(114)
Reclassifications		(31,539)
Impairment losses recognized during the year (Note 5)	(121)
Transfers and others	30,328	42,477
Translation differences charged directly to cumulative translation adjustments	1	(1)
Adjustments		(700)
Depreciation and amortization	(23,282)	(11,154)
Net book value at end of the year	118,589	111,603	110,510
Adjustments		700
Network facilities [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	298,169	321,798
Net book value at end of the year	327,195	298,169	321,798
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	(186,566)	(211,288)
Net book value at end of the year	(208,606)	(186,566)	(211,288)
Buildings [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	4,973	5,568
Additions (Note 4)	145	238
Disposals/Retirements	(27)	(212)
Reclassifications	2,795	(263)
Transfers and others	629	897
Adjustments	8	28
Depreciation of revaluation increment on investment properties transferred to property and equipment charged to other comprehensive income		(1)
Depreciation and amortization	(1,091)	(1,282)
Net book value at end of the year	7,416	4,973	5,568
Adjustments	(8)	(28)
Buildings [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	23,647	28,128
Net book value at end of the year	26,838	23,647	28,128
Buildings [Member] | Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	(18,674)	(22,560)
Net book value at end of the year	(19,422)	(18,674)	(22,560)
Vehicles, furniture and other network equipment [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	6,596	6,072
Additions (Note 4)	570	1,548
Disposals/Retirements	(52)	(59)
Reclassifications	55	4,030
Transfers and others	195	(455)
Translation differences charged directly to cumulative translation adjustments	(1)	(1)
Adjustments		125
Depreciation and amortization	(2,124)	(4,664)
Net book value at end of the year	5,239	6,596	6,072
Adjustments		(125)
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	41,856	29,241
Net book value at end of the year	40,586	41,856	29,241
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	(35,260)	(23,169)
Net book value at end of the year	(35,347)	(35,260)	(23,169)
Information origination and termination equipment [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	17,340	12,199
Additions (Note 4)	5,678	2,771
Reclassifications		10,979
Transfers and others	10,077	5,614
Adjustments		1
Depreciation and amortization	(5,245)	(14,224)
Net book value at end of the year	27,850	17,340	12,199
Adjustments		(1)
Information origination and termination equipment [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	46,885	30,906
Net book value at end of the year	62,595	46,885	30,906
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	(29,545)	(18,707)
Net book value at end of the year	(34,745)	(29,545)	(18,707)
Land improvements [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	4,148	4,327
Additions (Note 4)	43	102
Disposals/Retirements	(163)	(265)
Reclassifications		(70)
Transfers and others	145	11
Adjustments		53
Depreciation and amortization	(10)	(10)
Net book value at end of the year	4,163	4,148	4,327
Adjustments		(53)
Land improvements [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	4,427	4,597
Net book value at end of the year	4,451	4,427	4,597
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	(279)	(270)
Net book value at end of the year	(288)	(279)	(270)
IT systems and platforms [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	7,217	6,529
Additions (Note 4)	23	991
Disposals/Retirements		(1)
Reclassifications		(5,893)
Transfers and others	4,900	6,576
Translation differences charged directly to cumulative translation adjustments	1	(1)
Adjustments		(122)
Depreciation and amortization	(3,635)	(862)
Net book value at end of the year	8,506	7,217	6,529
Adjustments		122
IT systems and platforms [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	23,868	50,654
Net book value at end of the year	27,099	23,868	50,654
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	(16,651)	(44,125)
Net book value at end of the year	(18,593)	(16,651)	(44,125)
Security platforms [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	92	16
Additions (Note 4)	145
Reclassifications		24
Transfers and others	107	76
Depreciation and amortization	(166)	(24)
Net book value at end of the year	178	92	16
Security platforms [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	104	17
Net book value at end of the year	355	104	17
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	(12)	(1)
Net book value at end of the year	(177)	(12)	(1)
Property under construction [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	50,060	46,167
Additions (Note 4)	80,026	63,060
Disposals/Retirements		(16)
Reclassifications	(4,554)	17,312
Transfers and others	(69,022)	(76,262)
Adjustments		(201)
Net book value at end of the year	56,510	50,060	46,167
Adjustments		201
Property under construction [Member] | Costs [Member]
Disclosure Of Property Plant And Equipment [Line Items]
Net book value at beginning of the year	50,060	46,167
Net book value at end of the year	₱ 56,510	₱ 50,060	₱ 46,167

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Property Plant And Equipment [Abstract]
Interest capitalized to property and equipment	₱ 1,582	₱ 1,597	₱ 1,455
Average interest capitalization rate	4.00%	5.00%	5.00%
Net foreign exchange differences qualified as borrowing costs	₱ 29
Cost of fully depreciated property and equipment that are still being used	₱ 77,201	₱ 73,995

Property and Equipment - Summ_2

Property and Equipment - Summary of Estimated Useful Lives of Property and Equipment (Detail)	12 Months Ended
	Dec. 31, 2021
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

Leases - Schedule of Estimated

Leases - Schedule of Estimated Useful Life of Right of Use Assets (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
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	3 years
International 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	7 years
Poles | 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
Poles | Top of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	12 years	10 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	4 years
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, 2021	Dec. 31, 2020
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	3 years
International 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	7 years
Poles | 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
Poles | Top of range [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Estimated useful life of right-of-use assets	12 years	10 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	4 years
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	₱ 18,303
Additions (Note 29)	7,314	₱ 9,335
Depreciation	(5,388)	(4,940)	₱ (4,393)
Balances at end of the year	20,081	18,303
Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	28,596	21,610
Additions (Note 29)	7,314	9,335
Asset retirement obligation	213	728
Currency translation	1
Disposals	(23)
Terminations	(1,762)	(1,363)
Modifications	53	(1,700)
Adjustments		(14)
Balances at end of the year	34,392	28,596	21,610
Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(10,293)	(5,720)
Additions (Note 29)		373
Currency translation	(1)
Disposals	23
Terminations	1,353
Depreciation	(5,388)	(4,940)
Modifications	(5)	(8)
Adjustments		2
Balances at end of the year	(14,311)	(10,293)	(5,720)
Sites
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	11,298
Balances at end of the year	14,427	11,298
Sites | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	17,854	14,412
Additions (Note 29)	5,967	3,538
Asset retirement obligation	211	556
Disposals	(1)
Terminations	(1,045)	(158)
Modifications	107	(294)
Adjustments		(3)
Reclassifications		(197)
Balances at end of the year	23,093	17,854	14,412
Sites | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(6,556)	(3,926)
Additions (Note 29)		113
Disposals	1
Terminations	889
Depreciation	(2,999)	(2,764)
Modifications	(1)	3
Adjustments		1
Reclassifications		17
Balances at end of the year	(8,666)	(6,556)	(3,926)
International Leased Circuits
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	2,942
Balances at end of the year	2,243	2,942
International Leased Circuits | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	4,288	4,341
Additions (Note 29)	226	2,600
Terminations	(290)	(1,181)
Modifications	33	(1,472)
Balances at end of the year	4,257	4,288	4,341
International Leased Circuits | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(1,346)	(834)
Additions (Note 29)		223
Terminations	148
Depreciation	(816)	(735)
Balances at end of the year	(2,014)	(1,346)	(834)
Poles
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	2,403
Balances at end of the year	2,002	2,403
Poles | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	3,370	726
Additions (Note 29)	47	2,576
Disposals	(16)
Modifications	230	79
Adjustments		(11)
Balances at end of the year	3,631	3,370	726
Poles | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(967)	(340)
Disposals	16
Depreciation	(678)	(620)
Modifications		(7)
Balances at end of the year	(1,629)	(967)	(340)
Domestic Leased Circuits
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	867
Balances at end of the year	766	867
Domestic Leased Circuits | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	1,294	1,214
Additions (Note 29)	890	39
Terminations	(143)
Modifications	(309)	41
Balances at end of the year	1,732	1,294	1,214
Domestic Leased Circuits | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(427)	(183)
Terminations	35
Depreciation	(574)	(244)
Balances at end of the year	(966)	(427)	(183)
Office buildings [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	788
Balances at end of the year	639	788
Office buildings [Member] | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	1,781	906
Additions (Note 29)	184	582
Asset retirement obligation	2	172
Currency translation	1
Disposals	(6)
Terminations	(284)	(24)
Modifications	(9)	(52)
Reclassifications		197
Balances at end of the year	1,669	1,781	906
Office buildings [Member] | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(993)	(436)
Additions (Note 29)		37
Currency translation	(1)
Disposals	6
Terminations	281
Depreciation	(319)	(574)
Modifications	(4)	(4)
Adjustments		1
Reclassifications		(17)
Balances at end of the year	(1,030)	(993)	(436)
Co Located Sites
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	5
Balances at end of the year	4	5
Co Located Sites | Costs [Member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	9	11
Modifications	1	(2)
Balances at end of the year	10	9	11
Co Located Sites | Accumulated depreciation and amortisation [member]
Disclosure Of Quantitative Information About Rightofuse Assets [Line Items]
Balances at beginning of the year	(4)	(1)
Depreciation	(2)	(3)
Balances at end of the year	₱ (6)	₱ (4)	₱ (1)

Leases - Summary of Amounts Rec

Leases - Summary of Amounts Recognized in Consolidated Income Statements (Details) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Information About Amounts Recognized In Consolidated Income Statement [Abstract]
Depreciation of ROU assets	₱ 5,388	₱ 4,940	₱ 4,393
Expenses relating to short-term leases (included in general and administrative expenses) (Note 5)	1,459	618	378
Interest expense on lease liabilities (Note 5)	1,170	1,125	1,061
Variable lease payments (included in general and administrative expenses) (Note 5)	771	764	708
Expenses relating to leases of low-value assets (included in general and administrative expenses) (Note 5)	1	2	204
Total amount recognized in consolidated income statements	₱ 8,789	₱ 7,449	₱ 6,744

Leases - Schedule of Changes _2

Leases - Schedule of Changes in Lease Liabilities (Details) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Lease Liabilities [Abstract]
Balances at beginning of the year	₱ 20,025	₱ 16,315
Additions (Note 29)	7,314	11,122
Accretion on lease liabilities (Notes 5, 10 and 29)	1,170	1,125	₱ 1,061
Foreign exchange gain (losses) – net	147	(171)
Lease modifications	33	(1,397)
Adjustment	11
Termination	(467)	(1,188)
Settlement of obligations	(6,547)	(5,781)
Balances at end of the year (Notes 3 and 29)	21,686	20,025	₱ 16,315
Current portion of lease liabilities (Note 10)	4,555	4,043
Noncurrent portion of lease liabilities (Note 28)	₱ 17,131	₱ 15,982

Leases - Additional Information

Leases - Additional Information (Details) - PHP (₱) ₱ in Millions	Oct. 05, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Noncash Investing Activities [Abstract]
Cash outflow for leases		₱ 6,547	₱ 5,781	₱ 5,399
Non-cash additions to ROU assets		7,314	9,335
non-cash additions to lease liabilities		₱ 7,314	11,122
Lease term		5 years
Rental income relating to investment properties		₱ 48	₱ 51	₱ 49
Consideration received on sale of assets	₱ 5,500
Value added tax	12.00%
Sale and leaseback gain	₱ 3,275
Information about sale and leaseback transactions		The new contract of lease is for a period of five years and stipulates that the lessee has the option to pre-terminate without penalty after the second-year subject to a 12-month notice

Leases - Schedule of Rentals Re

Leases - Schedule of Rentals Receivable Under Non-cancellable Operating Leases (Details) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]
Rentals receivable under non-cancellable operating leases	₱ 51	₱ 58
Less than 1 year [Member]
Disclosure Of Maturity Analysis Of Operating Lease Payments [Line Items]
Rentals receivable under non-cancellable operating leases	₱ 51	₱ 58

Investments in Associates and_3

Investments in Associates and Joint Ventures - Carrying Value of Investments in Associates (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 03, 2018	Nov. 08, 2018
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in associates	₱ 17,206	₱ 16,992
Carrying value of investments in joint ventures	36,158	35,131
Total carrying value of investments in associates and joint ventures	53,364	52,123	₱ 53,863
VTI, Bow Arken and Brightshare [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in joint ventures	33,596	32,625
Multisys [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in joint ventures	2,521	2,466		₱ 550	₱ 2,150
Telecommunications Connectivity, Inc., or TCI [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in joint ventures	39	40
Paymaya Finserve Corporation, or PFC [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in joint ventures	1
Voyager Finserve Corporation, or 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	9,984	9,914
Total carrying value of investments in associates and joint ventures	10,508	9,955
VIH [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in associates	7,080	6,702
Total carrying value of investments in associates and joint ventures	6,398	3,224
Appcard, Inc [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in associates	110	102
Asia Outsourcing Beta Limited [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in associates	₱ 32	33
Digitel Crossing, Inc. [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Carrying value of investments in associates		₱ 241

Investments in Associates and_4

Investments in Associates and Joint Ventures - Carrying Value of Investments in Associates (Parenthetical) (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020
Multisys [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Subscription payable	₱ 620	₱ 800

Investments in Associates and_5

Investments in Associates and Joint Ventures - Changes in Cost of Investments (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year	₱ 52,123	₱ 53,863
Additions during the year	1,754	579	₱ 20
Balances at end of the year	53,364	52,123	53,863
Costs [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year	60,110	59,516
Additions during the year	1,777	609
Translation and other adjustments	99	(15)
Balances at end of the year	₱ 61,986	₱ 60,110	₱ 59,516

Investments in Associates and_6

Investments in Associates and Joint Ventures - Changes in Accumulated Impairment Losses (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year	₱ 52,123	₱ 53,863
Additional impairment (Note 4)	1,754	579	₱ 20
Balances at end of the year	53,364	52,123	53,863
Fixed asset impairment [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year	2,603	2,543
Additional impairment (Note 4)	60	60
Translation and other adjustments	92
Balances at end of the year	₱ 2,755	₱ 2,603	₱ 2,543

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year	₱ (52,123)	₱ (53,863)
Equity share in net losses of associates and joint ventures:	(1,101)	(2,328)	₱ (1,535)
Balances at end of the year	(53,364)	(52,123)	(53,863)
MediaQuest PDRs [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year	(9,955)
Balances at end of the year	(10,508)	(9,955)
VIH [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Balances at beginning of the year	(3,224)
Equity share in net losses of associates and joint ventures:	(2,237)	(2,392)	(2,268)
Balances at end of the year	(6,398)	(3,224)
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	(5,384)	(3,110)
Share in the other comprehensive income (losses) of associates and joint ventures accounted for using the equity method	23	(37)
Equity share in net losses of associates and joint ventures:	(1,101)	(2,328)
Dividends		(316)
Translation and other adjustments	595	407
Balances at end of the year	(5,867)	(5,384)	₱ (3,110)
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 losses of associates and joint ventures:	971	87
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 losses of associates and joint ventures:	55	(73)
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 losses of associates and joint ventures:	(1)
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 losses of associates and joint ventures:	70	166
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 losses of associates and joint ventures:	33	(116)
Accumulated equity share in net earnings of associates and joint ventures [Member] | Appcard, Inc [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Equity share in net losses of associates and joint ventures:	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 losses of associates and joint ventures:	₱ (2,237)	₱ (2,392)

Investments in Associates and_8

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

Oct. 06, 2021PHP (₱)

Sep. 24, 2021PHP (₱)₱ / shares

Jun. 11, 2021PHP (₱)shares

Jun. 11, 2021USD ($)shares

May 14, 2021USD ($)

Mar. 12, 2021PHP (₱)

Mar. 12, 2021USD ($)

Dec. 01, 2020PHP (₱)

Jul. 31, 2020shares

Jun. 17, 2020seat

May 14, 2020PHP (₱)shares

May 14, 2020USD ($)shares$ / shares

Apr. 16, 2020USD ($)

Apr. 06, 2020PHP (₱)

Dec. 23, 2019PHP (₱)₱ / sharesshares

Oct. 09, 2019shares

Jun. 03, 2019PHP (₱)

Dec. 06, 2018shares

Dec. 03, 2018PHP (₱)

Nov. 28, 2018seat

Nov. 08, 2018PHP (₱)

May 23, 2018shares

May 04, 2018

Apr. 13, 2018PHP (₱)

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

Mar. 23, 2018PHP (₱)

Mar. 02, 2018PHP (₱)

Feb. 27, 2018PHP (₱)shares

Feb. 15, 2018PHP (₱)

Dec. 15, 2017PHP (₱)₱ / sharesshares

Dec. 05, 2017

Jun. 27, 2017PHP (₱)

Jun. 13, 2017PHP (₱)

May 30, 2017

May 19, 2017USD ($)

Feb. 28, 2017PHP (₱)₱ / sharesshares

Dec. 01, 2016

Aug. 24, 2016₱ / sharesshares

Jul. 22, 2016USD ($)

May 30, 2016PHP (₱)EntityTranche

Oct. 09, 2015PHP (₱)

Jun. 01, 2015PHP (₱)

May 21, 2015PHP (₱)

Mar. 11, 2014PHP (₱)

Feb. 19, 2014PHP (₱)

Sep. 27, 2013PHP (₱)

Feb. 05, 2013USD ($)

Jun. 06, 2012PHP (₱)

May 08, 2012

Jul. 31, 2021PHP (₱)

Sep. 30, 2020

Dec. 31, 2000

Sep. 30, 2018

Dec. 31, 2021PHP (₱)seatshares

Dec. 31, 2020PHP (₱)₱ / sharesshares

Dec. 31, 2020USD ($)shares

Dec. 31, 2019PHP (₱)

Dec. 31, 2018USD ($)

Dec. 12, 2018USD ($)seat

Dec. 31, 2017PHP (₱)

Sep. 30, 2017PHP (₱)

Dec. 31, 2014PHP (₱)₱ / sharesshares

Dec. 31, 2013PHP (₱)

Dec. 31, 2012PHP (₱)

Dec. 31, 2011PHP (₱)

Dec. 14, 2014USD ($)shares

Mar. 31, 2021PHP (₱)

Mar. 31, 2020PHP (₱)

Mar. 31, 2019PHP (₱)

May 29, 2017PHP (₱)

Apr. 19, 2001PHP (₱)

Apr. 19, 2001USD ($)

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

Carrying value of investments in associates

₱ 17,206,000,000

₱ 16,992,000,000

Consideration paid (received)

₱ 21,800,000,000

₱ 26,200,000,000

Percentage of Ownership

1.40%

1.30%

1.70%

48.74%

38.45%

43.97%

43.97%

Number of board seats | seat

2

Amount of equity interest acquired

₱ 53,364,000,000

₱ 52,123,000,000

₱ 53,863,000,000

Shares redeemed | shares

1,600,000

1,700,000

1,900,000

10,800,000

Equity interest acquired

87.12%

50.00%

Reversal of Impairment loss

2,594,000,000

2,679,000,000

999,000,000

Percentage of acquiring other interest

50.00%

Number of other entities | Entity

2,000,000

Total consideration transferred

₱ 550,000,000

₱ 52,800,000,000

Number of tranches | Tranche

3

Assumed liabilities

₱ 17,200,000,000

Amount advanced to cover working capital requirements

₱ 2,600,000,000

Outstanding advances

11,359,000,000

Total carrying values of intangible assets

1,156,000,000

3,950,000,000

Goodwill arising from acquisition

61,379,000,000

61,379,000,000

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

36,158,000,000

35,131,000,000

Equity interest paid

₱ 1,754,000,000

579,000,000

20,000,000

Investment as deposit for future stock subscription

800,000,000

Amount receivable period

2019 to 2021

Vega Telecom Inc. [Member]

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

Equity interest acquired

50.00%

Outstanding advances

₱ 11,038,000,000

Total carrying values of intangible assets

18,885,000,000

Goodwill arising from acquisition

₱ 17,824,000,000

Percentage of issued and outstanding capital stock

99.10%

Bow Arken Holdings Company [Member]

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

Equity interest acquired

50.00%

Outstanding advances

₱ 238,000,000

Brightshare Holdings, Inc. [Member]

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

Equity interest acquired

50.00%

Outstanding advances

₱ 83,000,000

Multisys [Member]

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

Carrying value of investments in joint ventures

550,000,000

₱ 2,150,000,000

2,521,000,000

2,466,000,000

Percentage of equity interest

45.73%

Payment for acquisition of existing shares

523,000,000

Equity interest paid

₱ 27,000,000

Investment as deposit for future stock subscription

800,000,000

Stock subscription payable outstanding

800,000,000

Goodwill

1,031,000,000

Equity earn out payable

170,000,000

Equity earn out payment

₱ 17,000,000

₱ 153,000,000

Contingent consideration

60,000,000

₱ 230,000,000

Subscription payment

₱ 180,000,000

Subscription payable

620,000,000

800,000,000

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

₱ 1,357,000,000

Beacon [Member]

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

Carrying value of investments in joint ventures

₱ 40,966,000,000

Beacon Electric Asset Holdings, Inc. [Member]

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

Equity interest acquired

50.00%

Equity interest

20.00%

Proceeds from sale of stock

₱ 17,000,000,000

Consideration received in future

₱ 9,200,000,000

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)

₱ 4,852,000,000

₱ 21,800,000,000

₱ 26,200,000,000

Equity interest acquired

75.00%

Consideration received in future

₱ 9,800,000,000

Consideration settlement period in installments

annual installments from June 2018 to June 2021

annual installments until June 2021

Consideration settled

₱ 12,000,000,000

Percentage of receivable proposed for sale

50.00%

Period of proceeds from sale of shares

2019 to 2021

Amounts receivable

₱ 5,550,000,000

Metro Pacific Investments Corporation And Ayala Group

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

Consideration paid (received)

₱ 2,124,000,000

Receivables from divestment of assets

₱ 2,230,000,000

Metro Pacific Investments Corporation [Member]

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

Receivables from divestment of assets

168,000,000

Aggregated individually immaterial joint ventures [member]

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

Outstanding contingent liabilities

₱ 620,000,000

800,000,000

Tranche One [Member]

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

Percentage of consideration paid upon acquisition

50.00%

Tranche Two [Member]

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

Percentage of consideration paid upon acquisition

25.00%

Tranche Three [Member]

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

Percentage of consideration paid upon acquisition

25.00%

PLDT Communications and Energy Ventures, Inc. [Member]

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

Subscription share price | $

$ 215,000

Percentage of Ownership

48.74%

Number of board seats | seat

2

6

2

Total consideration | $

$ 120,000

Issuance of convertible notes | $

65,000

Issuance of warrants aggregate subscription amount | $

$ 55,000

Fair value of convertible notes

₱ 449,000,000

₱ 519,000,000

$ 10,800

PLDT Communications and Energy Ventures, Inc. [Member] | Convertible notes [Member] | financial assets at FVPL [Member]

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

Issuance of convertible notes | $

$ 10,800

PLDT Communications and Energy Ventures, Inc. [Member] | Warrant [Member] | financial assets at FVPL [Member]

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

Issuance of convertible notes | $

$ 9,200

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

60.00%

Percentage of economic interest transferred to employees

1.48%

Amount of equity interest acquired

₱ 1,000,000

Digitel [Member]

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

Reversal of Impairment loss

₱ 201,000,000

₱ 92,000,000

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

Metro Pacific Investments Corporation And Ayala Group

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

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

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

Par value | $ / shares

$ 1.3685

Number of instruments converted | shares

7,891,968

7,891,968

Total exercise price

₱ 447,000,000

$ 9,200

Fair value of warrants

₱ 110,000,000

Class B Convertible Preferred Shares [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)

₱ 1,218,000,000

$ 25,000

Total consideration | $

$ 120,800

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

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

Total consideration

₱ 8,900,000

Preferred Shares [Member]

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

Consideration paid (received)

₱ 3,563,000,000

2,760,000 Subscribed Preferred Shares [Member]

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

Subscription share price

₱ 11,040,000,000

Number of shares subscribed or to be issued | shares

2,800,000

Subscribed per share | ₱ / shares

₱ 4,000

Premium over par value per subscribed share | ₱ / shares

₱ 3,000

Premium over subscription share price

₱ 8,280,000,000

Subscribed payment

11,040,000,000

800,000 Subscribed Preferred Shares [Member]

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

Subscription share price

₱ 3,000,000,000

₱ 3,200,000,000

Number of shares subscribed or to be issued | shares

600,000,000

800,000

Subscribed per share | ₱ / shares

₱ 5

₱ 4,000

Premium over par value per subscribed share | ₱ / shares

₱ 4

₱ 3,000

Premium over subscription share price

₱ 2,400,000,000

₱ 2,400,000,000

Subscribed payment

₱ 10,000,000

₱ 148,000,000

₱ 2,990,000,000

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

₱ 139,000,000

13,000,000

Beneficial Trust Fund Holdings Inc. [Member] | Major business combination [member]

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

Percentage of investment in associates

70.00%

Carrying value of investments in associates

₱ 1,664,000,000

Associates [member]

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

Dividends received

316,000,000

Outstanding contingent liabilities

0

₱ 0

Top of range [member]

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

Percentage of Ownership

2.10%

6.10%

1.40%

2.10%

4.90%

4.90%

1.70%

Top of range [member] | PLDT Communications and Energy Ventures, Inc. [Member]

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

Percentage of Ownership

43.97%

43.97%

Top of range [member] | Class A2 Preferred Shares [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%

Top of range [member] | Class B Convertible Preferred Shares [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%

Bottom of range [member]

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

Percentage of Ownership

2.00%

2.00%

0.40%

1.70%

5.30%

5.30%

1.30%

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

95.00%

Bottom of range [member] | PLDT Communications and Energy Ventures, Inc. [Member]

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

Percentage of Ownership

48.74%

48.74%

Bottom of range [member] | Class A2 Preferred Shares [Member] | PLDT Communications and Energy Ventures, Inc. [Member]

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

Percentage of Ownership

43.97%

43.97%

Bottom of range [member] | Class B Convertible Preferred Shares [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%

MediaQuest PDRs [Member]

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

Total deposits

₱ 2,250,000,000

Carrying value of investments in associates

9,984,000,000

₱ 9,914,000,000

Additional Investments

2,000,000,000

1,400,000,000

₱ 3,100,000,000

Additional Investments for subscription

₱ 300,000,000

Percentage of economic interest transferred to employees

40.00%

Amount of equity interest acquired

10,508,000,000

9,955,000,000

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

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

Total consideration

₱ 5,000,000

Asia Outsourcing Beta Limited [Member]

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

Carrying value of investments in associates

₱ 32,000,000

33,000,000

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

$ 554,000

$ 330,000

Asia Outsourcing Beta Limited [Member] | PLDT Global Investments Corporation [Member]

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

Consideration paid (received) | $

$ 680

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

$ 11,200

Amount held in escrow | $

$ 2,290

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

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

Percentage of investment in associates

60.00%

Amount of equity interest acquired

₱ 69,000,000

$ 2,000

Equity interest

60.00%

60.00%

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

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

Equity interest

40.00%

40.00%

Digitel Crossing, Inc. [Member]

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

Carrying value of investments in associates

₱ 241,000,000

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

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

Percentage of investment in associates

20.00%

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

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

Percentage of investment in associates

40.00%

Equity interest acquired

40.00%

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

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

Equity interest acquired

40.00%

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

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

Equity interest acquired

20.00%

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

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

Percentage of investment in associates

20.00%

20.00%

20.00%

20.00%

Total consideration

₱ 503,000,000

Subscription price per share | ₱ / shares

₱ 1

Amount of equity interest acquired

₱ 60,000,000

₱ 60,000,000

₱ 70,000,000

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

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

subscribed shares equivalent to amount subscribed | shares

503,000,000

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

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

Percentage of investment in associates

33.30%

33.33%

33.33%

Total consideration

₱ 10,000,000

₱ 30,000,000

Subscription price per share | ₱ / shares

₱ 1

₱ 1

subscribed shares equivalent to amount subscribed | shares

10,000,000

30,000,000

30,000,000

Cignal TV [Member] | MediaQuest PDRs [Member]

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

Total deposits

₱ 6,000,000,000

Percentage of investment in associates

64.00%

40.00%

Carrying value of investments in associates

₱ 6,000,000,000

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

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

Total deposits

₱ 3,600,000,000

Percentage of investment in associates

40.00%

Carrying value of investments in associates

₱ 3,600,000,000

Hasting [Member] | MediaQuest PDRs [Member]

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

Percentage of investment in associates

70.00%

Carrying value of investments in associates

₱ 3,250,000,000

₱ 1,950,000,000

Additional Investments

₱ 800,000,000

₱ 500,000,000

Settlement amount

₱ 200,000,000

Hasting philippine depository receipts [Member] | MediaQuest PDRs [Member] | Top of range [member]

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

Additional Investments

₱ 500,000,000

MediaQuest PDRs [Member]

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

Recoverable amount

₱ 1,664,000,000

Provision for impairment

1,784,000,000

Pay TV business [Member] | Cignal TV [Member]

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

Provision for impairment

₱ 0

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

100.00%

Consideration paid (received)

$ 96

₱ 465,000,000

Par value | $ / shares

$ 1

Subscription price

₱ 3,806,000,000

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)

₱ 3,527,000,000

PLDT Global Investments Corporation [Member] | Asia Outsourcing Beta Limited [Member]

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

Percentage of investment in associates

20.00%

20.00%

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

PLDT Global Investments Corporation [Member] | Asia Outsourcing Beta Limited [Member] | Common Stock [Member]

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

Amount of equity interest acquired | $

200

Number of shares transferred | shares

27

PLDT Global Investments Corporation [Member] | Asia Outsourcing Beta Limited [Member] | Preferred Shares [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

Investments in Associates and_9

Investments in Associates and Joint Ventures - Summarized Statements of Financial Position (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statements of Financial Position:
Noncurrent assets	₱ 552,397	₱ 488,408
Current assets	73,931	87,438
Noncurrent liabilities	274,589	242,644
Current liabilities	224,274	213,537
Equity	127,465	119,665	₱ 116,290
Carrying value of investments in associates	17,206	16,992
Carrying value of investments in joint ventures	36,158	35,131
Additional Information:
Cash and cash equivalents	23,907	40,237	₱ 24,369	₱ 51,654
Noncurrent financial liabilities	244,568	217,291
VTI, Bow Arken and Brightshare [Member]
Statements of Financial Position:
Noncurrent assets	76,925	77,099
Current assets	4,836	5,974
Noncurrent liabilities	9,442	11,204
Current liabilities	2,155	2,090
Equity	70,164	69,779
Carrying value of investments in joint ventures	33,596	32,625
Additional Information:
Cash and cash equivalents	3,183	3,074
Current financial liabilities	60	66
Satventures, Inc. [Member]
Statements of Financial Position:
Noncurrent assets	22,402	22,287
Current assets	7,942	6,064
Noncurrent liabilities	2,304	2,567
Current liabilities	11,440	10,294
Equity	16,600	15,490
Carrying value of investments in associates	9,984	9,914
Additional Information:
Cash and cash equivalents	749	1,350
Current financial liabilities	386	478
Noncurrent financial liabilities	1,319	1,413
VIH [Member]
Statements of Financial Position:
Noncurrent assets	2,403	1,374
Current assets	10,146	8,940
Noncurrent liabilities	115	682
Current liabilities	5,310	5,980
Equity	7,124	3,652
Carrying value of investments in associates	7,080	6,702
Additional Information:
Cash and cash equivalents	6,597	5,347
Current financial liabilities	₱ 5,253	₱ 5,944

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, 2021PHP (₱)
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statements:
Revenues	₱ 193,257	₱ 181,004	₱ 169,187
Depreciation and amortization	52,169	47,480	39,656
Interest income	656	1,210	1,745
Interest expense	10,482	10,333	8,730
Provision for (benefit from) income tax	7,478	8,441	9,550
NET INCOME	26,676	24,580	22,786
Other comprehensive income (loss)	1,767	(4,290)	(6,182)
TOTAL COMPREHENSIVE INCOME	25,897	20,290	16,604
Equity holders of PLDT	25,582	20,000	16,343
CREATE adjustment	2,546
Equity share in net earnings (losses) of associates and joint ventures	(1,101)	(2,328)	(1,535)
VTI, Bow Arken and Brightshare [Member]
Income Statements:
Revenues	3,772	3,413	3,339
Depreciation and amortization	1,490	1,445	1,337
Interest income	16	25	64
Provision for (benefit from) income tax	174	196	216
NET INCOME	157	175	70
TOTAL COMPREHENSIVE INCOME	157	175	70
Equity holders of PLDT	79	87	35
CREATE adjustment	892
Equity share in net earnings (losses) of associates and joint ventures	971	87	35
Satventures, Inc. [Member]
Income Statements:
Revenues	11,467	9,127	7,367
Depreciation and amortization	1,268	1,049	920
Interest income	2	16	4
Interest expense	219	241	235
Provision for (benefit from) income tax	200	153	165
NET INCOME	110	260	308
TOTAL COMPREHENSIVE INCOME	110	260	308
Equity share in net earnings (losses) of associates and joint ventures	70	166	485
VIH [Member]
Income Statements:
Revenues	5,336	4,717	1,291
Depreciation and amortization	218	237	254
Interest income (expense)	9	(516)	146
Provision for (benefit from) income tax	2	5	(4)
NET INCOME	(5,541)	(4,880)	(4,576)
Other comprehensive income (loss)	30	(47)	(124)
TOTAL COMPREHENSIVE INCOME	(5,511)	(4,927)	4,700
Equity share in net earnings (losses) of associates and joint ventures	(2,237)	(2,392)	(2,268)
AFPI
Income Statements:
Revenues	20	66	107
NET INCOME	25	(116)	90
TOTAL COMPREHENSIVE INCOME	₱ 25	₱ (116)	₱ 90

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of Investments in Associates and Joint Ventures [Line Items]
VIH Equity	₱ 53,364	₱ 52,123	₱ 53,863
Goodwill arising from acquisition	61,379	61,379
VIH [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
VIH Equity	₱ 6,398	₱ 3,224
PCEV's noncontrolling interests	38.45%	43.97%
Share in net assets of VIH	₱ 2,460	₱ 1,418
Goodwill arising from acquisition	4,620	5,283
Carrying amount of interest in VIH	7,080	6,701
Minority interest's share in net losses		1
Carrying amount of interest in VIH	₱ 7,080	₱ 6,702

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, 2021	Dec. 31, 2020
VIH [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Stock options on equity net	₱ 726	₱ 427

Investments in Associates an_14

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, 2021	Dec. 31, 2020
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	314.2	254.3

Investments in Associates an_15

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Investments in associates and joint ventures	₱ 53,364	₱ 52,123	₱ 53,863
VTI, Bow Arken and Brightshare [Member]
Disclosure of Investments in Associates and Joint Ventures [Line Items]
Investments in associates and joint ventures	₱ 70,164	₱ 69,779
Percentage of investment in associates	50.00%	50.00%
Share in net assets of VIH	₱ 35,082	₱ 34,890
Share in adjustment based on liability and ETPI net cash balance	442	442
Reimbursements	(155)	(145)
Share in SMC's advances in VTI, Bow Arken and Brightshare	(840)	(840)
Minority interest's share in net losses	(857)	(748)
Others	(76)	(974)
Carrying amount of interest in VTI, Bow Arken and Brightshare	₱ 33,596	₱ 32,625

Investments in Associates an_16

Investments in Associates and Joint Ventures - Summary of Sale of PCEV Shares to MPIC (Detail) - PHP (₱) ₱ in Millions, shares in Millions	Jun. 13, 2017	May 30, 2016	Jun. 06, 2012
Disclosure Of Joint Ventures [Line Items]
Selling Price	₱ 21,800	₱ 26,200
Deferred Gain Realized	₱ 4,962	₱ 4,962
Preferred Shares [Member]
Disclosure Of Joint Ventures [Line Items]
Number of Shares Sold	458	458	282
Selling Price			₱ 3,563
Deferred Gain Realized			₱ 2,012
Common Stock [Member]
Disclosure Of Joint Ventures [Line Items]
Number of Shares Sold	646	646

Investments in Associates an_17

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Joint Ventures [Line Items]
Other comprehensive income	₱ 1,767	₱ (4,290)	₱ (6,182)
TOTAL COMPREHENSIVE INCOME	25,897	20,290	16,604
Aggregated individually immaterial joint ventures [member]
Disclosure Of Joint Ventures [Line Items]
Revenues	754	166	367
Net income	13	320	200
TOTAL COMPREHENSIVE INCOME	₱ 13	₱ 320	₱ 200

Financial Assets at FVPL - Summ

Financial Assets at FVPL - Summary of Details Financial Assets at FVPL (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Financial Assets [Line Items]
Financial assets at FVPL	₱ 339	₱ 380
Club Shares and others [Member]
Disclosure Of Financial Assets [Line Items]
Financial assets at FVPL	₱ 339	319
Phunware [Member]
Disclosure Of Financial Assets [Line Items]
Financial assets at FVPL		₱ 61

Financial Assets at FVPL - Addi

Financial Assets at FVPL - Additional Information (Detail) € / shares in Units, ₱ in Millions, € in Millions, $ in Millions	Oct. 25, 2021PHP (₱)	Oct. 25, 2021USD ($)	Jul. 31, 2020EUR (€)shares	Jun. 19, 2020USD ($)	Jan. 31, 2020EUR (€)shares	Oct. 09, 2019EUR (€)shares	Dec. 15, 2018USD ($)	Dec. 14, 2018	Dec. 06, 2018EUR (€)shares	Nov. 28, 2018	May 23, 2018EUR (€)shares	May 04, 2018PHP (₱)shares	May 04, 2018EUR (€)shares	Apr. 16, 2018€ / sharesshares	Feb. 27, 2018USD ($)	Aug. 04, 2017PHP (₱)	Aug. 04, 2017USD ($)	Mar. 10, 2016PHP (₱)	Mar. 10, 2016USD ($)	Sep. 03, 2015USD ($)	Apr. 23, 2015PHP (₱)	Apr. 23, 2015USD ($)	Oct. 02, 2014	Oct. 31, 2020PHP (₱)shares	Oct. 31, 2020EUR (€)shares	Sep. 30, 2020PHP (₱)shares	Sep. 30, 2020EUR (€)shares	Feb. 28, 2015	Aug. 31, 2014PHP (₱)	Nov. 30, 2010PHP (₱)shares	Sep. 30, 2018PHP (₱)shares	Sep. 30, 2018EUR (€)shares	Dec. 31, 2021	Dec. 31, 2020PHP (₱)	Dec. 31, 2019PHP (₱)shares	Dec. 31, 2019EUR (€)shares	Mar. 15, 2019USD ($)	Dec. 18, 2015USD ($)	Sep. 04, 2015USD ($)	Oct. 01, 2014€ / shares	Aug. 31, 2014EUR (€)
Disclosure Of Financial Assets [Line Items]
Percentage of subscribed promissory note in associate																				8.00%
Amount of subscribed promissory note issued by associate																				$ 5
Convertible promissory note payable																																							$ 5
Aggregate amount against shares sold																								₱ 508	€ 9	₱ 1,508	€ 26				₱ 1,346	€ 22			₱ 1,021	€ 18
Date of investment																																	Aug. 7, 2014
Non-current financial assets available-for-sale																													₱ 19,577												€ 333
Percentage of ownership							5.30%	7.30%						67.40%									6.60%					6.10%	10.00%
Initial public offering | € / shares																																								€ 42.50
Number of shares buyback pursuant to share buyback Program | shares														15,000,000																2,720,000
Offering price per share | € / shares														€ 24
Minimum number of shares committed to accept offer | shares														7,000,000
Number of shares accepted against tender | shares												7,000,000	7,000,000
Total consideration pursuant to share buyback program												₱ 10,059	€ 163																	₱ 6,505
Percentage of Ownership			1.40%			1.30%			1.70%	48.74%																							38.45%	43.97%
Shares redeemed | shares			1,600,000			1,700,000			1,900,000		10,800,000
Reducing share capital | €			€ 136			€ 151			€ 153		€ 154
Number of Common Shares Sold | shares																								500,000	500,000	1,400,000	1,400,000				700,000	700,000			700,000	700,000
Purchase of available-for-sale financial investments				$ 22.5												₱ 75	$ 1.5				₱ 686	$ 15
Convertible note held							$ 1.5												$ 15
Conversion of notes to ordinary shares | ₱																		₱ 20.7
Valuation gain																		898	19
Increasing fair value of investment																		₱ 1,584	$ 34
Conversion of notes to ordinary shares							$ 1
Derecognition of investment charged to other income (expenses) – net | ₱																																		₱ 599
Potential Ordinary Share Transactions [Member]
Disclosure Of Financial Assets [Line Items]
Shares redeemed | shares					13,500,000
Reducing share capital | €					€ 137
Top of range [member]
Disclosure Of Financial Assets [Line Items]
Percentage of Ownership											2.10%	6.10%	6.10%													1.40%	1.40%				2.10%	2.10%		4.90%	1.70%	1.70%
Top of range [member] | Potential Ordinary Share Transactions [Member]
Disclosure Of Financial Assets [Line Items]
Percentage of Ownership					1.40%
Bottom of range [member]
Disclosure Of Financial Assets [Line Items]
Percentage of Ownership											2.00%	2.00%	2.00%													0.40%	0.40%				1.70%	1.70%		5.30%	1.30%	1.30%
Bottom of range [member] | Potential Ordinary Share Transactions [Member]
Disclosure Of Financial Assets [Line Items]
Percentage of Ownership					1.30%
Phunware [Member]
Disclosure Of Financial Assets [Line Items]
Business combination enterprise value															$ 301
Preferred shares conversion ratio															100.00%
Amount of total consideration paid for common shares purchase																																					$ 1.6
Aggregate amount against shares sold	₱ 482	$ 9.5
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

Financial Assets at FVPL - Su_2

Financial Assets at FVPL - Summary of Details on Investment in Rocket (Detail) € / shares in Units, ₱ in Millions, € in Millions	12 Months Ended
	Dec. 31, 2020PHP (₱)	Dec. 31, 2019PHP (₱)	Dec. 31, 2019EUR (€)€ / shares
Disclosure Of Financial Assets [Line Items]
Total market value as at beginning of the year (in million pesos)	₱ 2,381	₱ 3,128
Closing price per share at end of the year (in Euros) | € / shares			€ 22.10
Total market value as at end of the year (in million Euros)		2,381	€ 42
Net losses recognized during the year (in million pesos)		₱ 89
Disposal of investments	₱ (2,381)

Debt Instruments at Amortized_3

Debt Instruments at Amortized Cost - Summary of Debt Instruments at Amortized Cost (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about financial instruments [Line Items]
Investment in debt securities and other long-term investments	₱ 607	₱ 1,153
Less: Current portion of debt instrument at amortized cost (Note 28)	207
Noncurrent portion of debt instrument at amortized cost (Note 28)	400	1,153
Retail Treasury Bonds [Member]
Disclosure of detailed information about financial instruments [Line Items]
Investment in debt securities and other long-term investments	400
Two Year Time Deposit [Member]
Disclosure of detailed information about financial instruments [Line Items]
Investment in debt securities and other long-term investments	₱ 207	₱ 1,153

Debt Instruments at Amortized_4

Debt Instruments at Amortized Cost - Additional Information (Detail) ₱ in Thousands, $ in Thousands	Jan. 28, 2022PHP (₱)	Dec. 02, 2021PHP (₱)	Mar. 09, 2021PHP (₱)	Jul. 31, 2020USD ($)	Jun. 30, 2020USD ($)	Feb. 28, 2013PHP (₱)	Dec. 31, 2021PHP (₱)	Dec. 31, 2021USD ($)	Dec. 31, 2020PHP (₱)	Dec. 31, 2020USD ($)
Disclosure of detailed information about financial instruments [Line Items]
Investment in debt securities and other long-term investments							₱ 607,000		₱ 1,153,000
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
Maturity on face value of retail treasury bond			Mar. 9, 2024
Gross coupon rate			2.375%
Interest income, net of withholding tax							1,500
Investment in debt securities and other long-term investments							100,000
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
Maturity on face value of retail treasury bond		Jun. 2, 2027
Gross coupon rate		4.625%
Interest income, net of withholding tax							904
Investment in debt securities and other long-term investments							300,000
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	$ 63	1,900	$ 39
Investment in debt securities and other long-term investments					$ 10,000				480,000
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				1.00%
Interest income, net of withholding tax							3,400	69	2,100	43
Investment in debt securities and other long-term investments				$ 10,000					480,000
Time deposit maturity date				Jul. 2, 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				2.00%
Interest income, net of withholding tax							3,500	$ 68	1,400	$ 30
Investment in debt securities and other long-term investments				$ 2,000			₱ 207,000		193,000
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. 1, 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
Investment in debt securities and other long-term investments						₱ 150,000
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%
Investment in debt securities and other long-term investments	₱ 100,000
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, 2021	Dec. 31, 2020
Disclosure Of Investment Property [Line Items]
Balances at beginning of the year	₱ 895	₱ 778
Transfers from property and equipment		74
Net gains (losses) from fair value adjustments charged to profit or loss	34	43
Balances at end of the year	929	895
Land [Member]
Disclosure Of Investment Property [Line Items]
Balances at beginning of the year	728	607
Transfers from property and equipment		70
Net gains (losses) from fair value adjustments charged to profit or loss	43	51
Balances at end of the year	771	728
Land Improvements [Member]
Disclosure Of Investment Property [Line Items]
Balances at beginning of the year	4	5
Net gains (losses) from fair value adjustments charged to profit or loss	(1)	(1)
Balances at end of the year	3	4
Building [Member]
Disclosure Of Investment Property [Line Items]
Balances at beginning of the year	163	166
Transfers from property and equipment		4
Net gains (losses) from fair value adjustments charged to profit or loss	(8)	(7)
Balances at end of the year	₱ 155	₱ 163

Investment Properties - Additio

Investment Properties - Additional Information (Detail) - PHP (₱)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Investment Property [Line Items]
Repairs and maintenance expenses related to investment properties that do not generate rental income	₱ 78,000,000	₱ 70,000,000	₱ 65,000,000
Rental income relating to investment properties	48,000,000	51,000,000	₱ 49,000,000
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	35,000
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	₱ 35,000

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	₱ 65,329
Amortization of intangible assets (Notes 5 and 15)	2,822	₱ 2,496	₱ 758
Ending balance	62,535	65,329
Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	76,368	77,339
Translation and other adjustments		(971)
Additions during the year	28
Ending balance	76,396	76,368	77,339
Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	(11,039)	(9,514)
Translation and other adjustments		(971)
Amortization of intangible assets (Notes 5 and 15)	2,822	2,496
Ending balance	(13,861)	(11,039)	(9,514)
Intangible Assets with Finite Life [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	3,950
Ending balance	1,156	3,950
Intangible Assets with Finite Life [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	14,335	10,801
Reclassification		4,505
Translation and other adjustments		(971)
Additions during the year	28
Ending balance	14,363	14,335	10,801
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	(10,385)	(8,860)
Translation and other adjustments		(971)
Amortization of intangible assets (Notes 5 and 15)	2,822	2,496
Ending balance	(13,207)	(10,385)	(8,860)
Intangible assets other than goodwill [member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	3,950
Ending balance	1,156	3,950
Intangible assets other than goodwill [member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	14,335	15,306
Translation and other adjustments		(971)
Additions during the year	28
Ending balance	14,363	14,335	15,306
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	(10,385)	(8,860)
Translation and other adjustments		(971)
Amortization of intangible assets (Notes 5 and 15)	2,822	2,496
Ending balance	(13,207)	(10,385)	(8,860)
Goodwill [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	61,379
Ending balance	61,379	61,379
Goodwill [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	62,033	62,033
Ending balance	62,033	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] | Trademark [Member] | Costs [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance		4,505
Reclassification		(4,505)
Ending balance			4,505
Intangible Assets with Finite Life [Member] | Trademark [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	2,628
Ending balance		₱ 2,628
Estimated useful lives (in years)		1 year
Remaining useful lives (in years)		1 year
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
Reclassification		₱ 4,505
Ending balance	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	(1,877)
Amortization of intangible assets (Notes 5 and 15)	2,628	1,877
Ending balance	(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	1,310
Ending balance	₱ 1,124	₱ 1,310
Estimated useful lives (in years)	16 years	16 years
Remaining useful lives (in years)	6 years	7 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	(1,706)	(1,520)
Amortization of intangible assets (Notes 5 and 15)	186	186
Ending balance	(1,892)	(1,706)	(1,520)
Intangible Assets with Finite Life [Member] | Licenses [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Beginning balance	12
Ending balance	₱ 4	₱ 12
Estimated useful lives (in years)	18 years	18 years
Remaining useful lives (in years)	1 year	2 years
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	₱ 1,079
Translation and other adjustments		(944)
Ending balance	135	135	1,079
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	(123)	(1,059)
Translation and other adjustments		(944)
Amortization of intangible assets (Notes 5 and 15)	8	8
Ending balance	(131)	(123)	(1,059)
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	4,726
Translation and other adjustments		(23)
Ending balance	4,703	4,703	4,726
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)	(4,301)
Translation and other adjustments		(23)
Amortization of intangible assets (Notes 5 and 15)		425
Ending balance	(4,703)	(4,703)	(4,301)
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]
Ending balance	₱ 28
Estimated useful lives (in years)	5 years
Remaining useful lives (in years)	5 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	₱ 771	775
Translation and other adjustments		(4)
Additions during the year	28
Ending balance	799	771	775
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)	(775)
Translation and other adjustments		(4)
Ending balance	₱ (771)	₱ (771)	₱ (775)

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, 2021	Dec. 31, 2020
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	₱ 1,156	₱ 3,950
Goodwill	61,379	61,379
Total goodwill and intangible assets	62,535	65,329
Franchise [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	1,124	1,310
Licenses [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	4	12
Others [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	28
Wireless [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	1,128	3,950
Goodwill	56,571	56,571
Total goodwill and intangible assets	57,699	60,521
Wireless [Member] | Franchise [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	1,124	1,310
Wireless [Member] | Licenses [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	4	12
Fixed Line [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	28
Goodwill	4,808	4,808
Total goodwill and intangible assets	4,836	4,808
Fixed Line [Member] | Others [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets	₱ 28
Trademark [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets		2,628
Trademark [Member] | Wireless [Member]
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill [Line Items]
Intangible assets		₱ 2,628

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Future Amortization Of Intangible Assets [Line Items]
Future amortization of intangible assets	₱ 2,822	₱ 2,496	₱ 758
Future amortization of intangible assets	1,156
2022 [Member]
Disclosure Of Future Amortization Of Intangible Assets [Line Items]
Future amortization of intangible assets	196
2023 [Member]
Disclosure Of Future Amortization Of Intangible Assets [Line Items]
Future amortization of intangible assets	192
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	191
2026 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 (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Intangible Assets [Line Items]
Amortization during the year	₱ 2,822	₱ 2,496	₱ 758
Accumulated depreciation, impairment and amortization [Member]
Disclosure Of Intangible Assets [Line Items]
Amortization during the year	2,822	2,496
Accumulated depreciation, impairment and amortization [Member] | Digital Telecommunications Phils., Inc. [Member]
Disclosure Of Intangible Assets [Line Items]
Accumulated impairment balance	438	438
Accumulated depreciation, impairment and amortization [Member] | ABM Global Solutions, Inc. and Subsidiaries [Member]
Disclosure Of Intangible Assets [Line Items]
Accumulated impairment balance	₱ 216	216
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	2.00%
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	2.00%
Impairment loss relating to goodwill	₱ 0	0
Sun Trademark [Member]
Disclosure Of Intangible Assets [Line Items]
Amortization during the year	₱ 2,628	₱ 1,877

Cash and Cash Equivalents - Sum

Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash And Cash Equivalents [Abstract]
Cash on hand and in banks (Note 28)	₱ 10,616	₱ 9,526
Temporary cash investments (Note 28)	13,291	30,711
Cash and cash equivalents	₱ 23,907	₱ 40,237	₱ 24,369	₱ 51,654

Cash and Cash Equivalents - Add

Cash and Cash Equivalents - Additional Information (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash And Cash Equivalents [Abstract]
Interest income on cash and cash equivalents (Note 16)	₱ 269	₱ 560	₱ 1,022

Trade and Other Receivables - S

Trade and Other Receivables - Summary of Trade and Other Receivables (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	₱ 21,790	₱ 22,053
Costs [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	35,625	38,304
Costs [Member] | Retail subscribers [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	15,676	17,142
Costs [Member] | Corporate subscribers [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	13,079	13,318
Costs [Member] | Foreign administrations [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	1,341	1,520
Costs [Member] | Domestic carriers [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	241	226
Costs [Member] | Dealers agents and others [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	5,288	6,098
Accumulated provision for expected credit losses [Member]
Disclosure Of Financial Assets [Line Items]
Trade and other receivables	₱ 13,835	₱ 16,251

Trade and Other Receivables - A

Trade and Other Receivables - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021
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, 2021	Dec. 31, 2020
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	₱ 16,825
Balances at end of the year	14,447	₱ 16,825
Trade and Other Receivables [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	16,251	16,904
Provisions and other adjustments	3,737	6,446
Reclassifications and reversals	7	5
Write-offs	(6,183)	(7,087)
Translation adjustments	23	(17)
Balances at end of the year	13,835	16,251
Trade and Other Receivables [Member] | Stage 2 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	3,960	1,763
Provisions and other adjustments		3,464
Reversal of provisions	(898)
Reclassifications and reversals	(6)	(1,213)
Write-offs	(35)	(40)
Translation adjustments	17	(14)
Balances at end of the year	3,038	3,960
Trade and Other Receivables [Member] | Stage 3 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	12,291	15,141
Provisions and other adjustments	4,635	2,982
Reclassifications and reversals	13	1,218
Write-offs	(6,148)	(7,047)
Translation adjustments	6	(3)
Balances at end of the year	10,797	12,291
Trade and Other Receivables [Member] | Retail subscribers [Member] | Stage 2 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	2,433	926
Provisions and other adjustments		2,387
Reversal of provisions	(820)
Reclassifications and reversals	(5)	(840)
Write-offs	(35)	(40)
Balances at end of the year	1,573	2,433
Trade and Other Receivables [Member] | Retail subscribers [Member] | Stage 3 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	7,557	9,766
Provisions and other adjustments	3,516	2,550
Reclassifications and reversals	86	1,015
Write-offs	(4,693)	(5,774)
Balances at end of the year	6,466	7,557
Trade and Other Receivables [Member] | Corporate subscribers [Member] | Stage 2 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	1,380	732
Provisions and other adjustments		1,020
Reversal of provisions	(18)
Reclassifications and reversals	(1)	(358)
Translation adjustments	17	(14)
Balances at end of the year	1,378	1,380
Trade and Other Receivables [Member] | Corporate subscribers [Member] | Stage 3 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	3,478	3,870
Provisions and other adjustments	1,045	438
Reclassifications and reversals	(31)	324
Write-offs	(1,168)	(1,151)
Translation adjustments	6	(3)
Balances at end of the year	3,330	3,478
Trade and Other Receivables [Member] | Foreign administrations [Member] | Stage 2 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	9	3
Provisions and other adjustments		6
Reversal of provisions	(9)
Balances at end of the year		9
Trade and Other Receivables [Member] | Foreign administrations [Member] | Stage 3 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	227	374
Provisions and other adjustments	4
Reversal of provisions		(20)
Reclassifications and reversals	(12)	(111)
Write-offs	(98)	(16)
Balances at end of the year	121	227
Trade and Other Receivables [Member] | Domestic carriers [Member] | Stage 2 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	3	4
Reversal of provisions	(3)	(1)
Balances at end of the year		3
Trade and Other Receivables [Member] | Domestic carriers [Member] | Stage 3 [Member]
Disclosure Of Financial Assets [Line Items]
Balances at beginning of the year	58	86
Provisions and other adjustments	8
Reversal of provisions		(3)
Reclassifications and reversals		(4)
Write-offs	(52)	(21)
Balances at end of the year	14	58
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	135	98
Provisions and other adjustments		52
Reversal of provisions	(48)
Reclassifications and reversals		(15)
Balances at end of the year	87	135
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	971	1,045
Provisions and other adjustments	62	17
Reclassifications and reversals	(30)	(6)
Write-offs	(137)	(85)
Balances at end of the year	₱ 866	₱ 971

Inventories and Supplies - Summ

Inventories and Supplies - Summary of Inventories and Supplies (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure Of Inventories And Supplies [Line Items]
Inventories and supplies	₱ 3,662	₱ 4,085
Total inventories and supplies at the lower of cost or net realizable value	3,662	4,085
Commercial [Member]
Disclosure Of Inventories And Supplies [Line Items]
Inventories net realizable value	2,109	1,406
Inventories and supplies	2,835	1,755
Network [Member]
Disclosure Of Inventories And Supplies [Line Items]
Inventories net realizable value	515	420
Inventories and supplies	1,702	1,445
Others [Member]
Disclosure Of Inventories And Supplies [Line Items]
Inventories net realizable value	1,038	2,259
Inventories and supplies	₱ 1,813	₱ 3,248

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Classes Of Inventories [Abstract]
Cost of sales	₱ 7,375	₱ 8,882	₱ 9,528
Repairs and maintenance	850	613	823
Inventories and supplies (Note 18)	847	934	471
Selling and promotions	9	3	138
Inventories and supplies recognized as expense	₱ 9,081	₱ 10,432	₱ 10,960

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Classes Of Inventories [Abstract]
Balances at beginning of the year	₱ 2,363	₱ 2,303
Provisions (Note 5)	847	934	₱ 471
Translation revaluation	2	(1)
Reversals	(11)	(346)
Reclassification	(73)	(209)
Cost of sales	(440)	(262)
Write-off		(56)
Balances at end of the year	₱ 2,688	₱ 2,363	₱ 2,303

Prepayments - Summary of Prepay

Prepayments - Summary of Prepayments (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Advances to suppliers and contractors	₱ 82,749	₱ 55,891
Prepaid taxes	15,652	15,241
Prepaid fees and licenses	1,631	1,182
Prepaid benefit costs (Note 26)	1,018	1,021
Prepaid rent	574	401
Prepaid repairs and maintenance	531	228
Prepaid insurance (Note 25)	163	130
Other prepayments	5,166	2,672
Prepayments	107,484	76,766
Current portion of prepayments (Notes 19 and 25)	12,707	10,657
Prepayments – net of current portion (Notes 19 and 25)	₱ 94,777	₱ 66,109

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, 2021	Dec. 31, 2020	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 Php3 billion, of which Php360 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, 2021PHP (₱)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) ₱ / shares in Units, ₱ in Thousands, € in Millions

Jan. 28, 2020

May 04, 2018PHP (₱)

May 04, 2018EUR (€)

Apr. 16, 2018shares

Jan. 26, 2016PHP (₱)shares

Jun. 08, 2015shares

Jan. 28, 2014PHP (₱)

Nov. 05, 2013shares

Jan. 29, 2013PHP (₱)

Oct. 12, 2012

Jun. 05, 2012₱ / sharesshares

May 08, 2012PHP (₱)

Sep. 23, 2011PHP (₱)

Nov. 30, 2010PHP (₱)₱ / sharesshares

Dec. 31, 2021PHP (₱)₱ / sharesshares

Dec. 31, 2020PHP (₱)₱ / sharesshares

Dec. 31, 2019PHP (₱)

Dec. 31, 2017PHP (₱)

Jan. 20, 2022PHP (₱)

Jan. 18, 2022PHP (₱)

Sep. 19, 2019PHP (₱)

Jul. 18, 2017PHP (₱)

Mar. 06, 2017PHP (₱)

Mar. 03, 2017PHP (₱)

Oct. 16, 2012PHP (₱)₱ / sharesshares

Disclosure Of Classes Of Share Capital [Line Items]

Par value of cumulative dividends annual rate | ₱ / shares

₱ 10

Payments on redemption of preferred shares

₱ 7,000

₱ 2,000

₱ 11,000

Liability from redemption of preferred shares

₱ 7,842,000

7,849,000

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

168,000

Number of shares approved to buyback in share buyback program | shares

5,000,000

Percentage of ownership interest approved to buyback in share buyback program

3.00%

Number of shares buyback pursuant to share buyback Program | shares

15,000,000

2,720,000

Weighted average price per share pursuant to share buyback program | ₱ / shares

₱ 2,388

Total consideration pursuant to share buyback program

₱ 10,059,000

€ 163

₱ 6,505,000

Distributions paid

₱ 17,860,000

16,785,000

₱ 15,630,000

Consolidated unappropriated retained earnings available for dividends as at December 31, 2020

34,243,000

25,652,000

Parent Company’s unappropriated retained earnings

37,249,000

32,081,000

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

3,006,000

6,429,000

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

57,000

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

281,000

281,000

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

7,842,000

7,849,000

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

₱ 986,000

₱ 986,000

Series JJ 10% Cumulative Convertible Preferred Stock [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Redemption and Retirement of Shares | shares

0

870

Cumulative dividends annual rate

10.00%

10.00%

10.00%

10.00%

10.00%

Number of shares authorized | shares

50,000

Number of shares issued | shares

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

10.00%

10.00%

Number of shares authorized | shares

20,000

Conversion price equivalent percentage

10.00%

Par value | ₱ / shares

₱ 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 | shares

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 | shares

150,000,000

150,000,000

150,000,000

Number of shares issued | shares

150,000,000

150,000,000

Par value | ₱ / shares

₱ 1

Minimum capital stock percentage required to own by citizens of Philippines

60.00%

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

60.00%

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

60.00%

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 | shares

150,000,000

Par value | ₱ / shares

₱ 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

12.00%

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

15.00%

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

7.00%

Non-voting Serial Preferred Stock [Member]

Disclosure Of Classes Of Share Capital [Line Items]

Number of shares authorized | shares

807,500,000

388,000,000

388,000,000

Number of shares issued | shares

[1]

300,000,000

300,000,000

Par value | ₱ / shares

₱ 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

10.00%

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

10.00%

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

10.00%

10.00%

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

10.00%

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 Php3 billion, of which Php360 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

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, 2019

Sep. 30, 2019

Jun. 30, 2019

Mar. 31, 2019

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Disclosure Of Dividends [Line Items]

Total Amount

₱ 17,776

₱ 16,695

₱ 15,615

Events After Reporting Period [member]

Disclosure Of Dividends [Line Items]

Total Amount

₱ 9,089

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

Disclosure Of Dividends [Line Items]

Approved Date

Nov. 4, 2021

Aug. 5, 2021

May 6, 2021

Jan. 26, 2021

Nov. 5, 2020

Aug. 6, 2020

May 7, 2020

Jan. 28, 2020

Nov. 7, 2019

Aug. 8, 2019

May 9, 2019

Jan. 29, 2019

Record Date

Nov. 19, 2021

Aug. 20, 2021

May 21, 2021

Feb. 22, 2021

Nov. 19, 2020

Aug. 20, 2020

May 21, 2020

Feb. 24, 2020

Nov. 22, 2019

Aug. 27, 2019

May 24, 2019

Feb. 22, 2019

Payable Date

Dec. 15, 2021

Sep. 15, 2021

Jun. 15, 2021

Mar. 15, 2021

Dec. 15, 2020

Sep. 15, 2020

Jun. 15, 2020

Mar. 15, 2020

Dec. 15, 2019

Sep. 15, 2019

Jun. 15, 2019

Mar. 15, 2019

Total Amount

₱ 12

₱ 12

₱ 13

₱ 12

₱ 12

₱ 12

₱ 13

₱ 12

₱ 12

₱ 13

₱ 12

₱ 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. 25, 2022

Record Date

Feb. 21, 2022

Payable Date

Mar. 15, 2022

Total Amount

₱ 12

Voting Preferred Stock [Member]

Disclosure Of Dividends [Line Items]

Approved Date

Dec. 7, 2021

Aug. 26, 2021

Jun. 8, 2021

Mar. 4, 2021

Dec. 3, 2020

Sep. 29, 2020

Jun. 9, 2020

Mar. 5, 2020

Dec. 3, 2019

Sep. 24, 2019

Jun. 11, 2019

Mar. 7, 2019

Record Date

Dec. 23, 2021

Sep. 13, 2021

Jun. 24, 2021

Mar. 24, 2021

Dec. 18, 2020

Oct. 13, 2020

Jun. 24, 2020

Mar. 25, 2020

Dec. 18, 2019

Oct. 8, 2019

Jun. 28, 2019

Mar. 27, 2019

Payable Date

Jan. 15, 2022

Oct. 15, 2021

Jul. 15, 2021

Apr. 15, 2021

Jan. 15, 2021

Oct. 15, 2020

Jul. 15, 2020

Apr. 15, 2020

Jan. 15, 2019

Oct. 15, 2019

Jul. 15, 2019

Apr. 15, 2019

Total Amount

₱ 3

₱ 2

₱ 2

₱ 3

₱ 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. 3, 2022

Record Date

Mar. 23, 2022

Payable Date

Apr. 15, 2022

Total Amount

₱ 2

Common Stock [Member]

Disclosure Of Dividends [Line Items]

Approved Date

Aug. 5, 2021

Mar. 4, 2021

Aug. 6, 2020

Mar. 5, 2020

Aug. 8, 2019

Mar. 21, 2019

Record Date

Aug. 19, 2021

Mar. 18, 2021

Aug. 20, 2020

Mar. 19, 2020

Aug. 27, 2019

Apr. 4, 2019

Payable Date

Sep. 3, 2021

Apr. 6, 2021

Sep. 4, 2020

Apr. 3, 2020

Sep. 10, 2019

Apr. 23, 2019

Per Share Amount

₱ 42

₱ 40

₱ 38

₱ 39

₱ 36

₱ 36

Total Amount

₱ 9,075

₱ 8,642

₱ 8,210

₱ 8,426

₱ 7,778

₱ 7,778

₱ 17,717

₱ 16,636

₱ 15,556

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

Disclosure Of Dividends [Line Items]

Approved Date

Mar. 3, 2022

Record Date

Mar. 17, 2022

Payable Date

Apr. 4, 2022

Per Share Amount

₱ 42

Total Amount

₱ 9,075

Series JJ Cumulative Convertible Preferred Stock [Member]

Disclosure Of Dividends [Line Items]

Approved Date

Apr. 8, 2020

May 9, 2019

Record Date

Feb. 11, 2020

May 31, 2019

Payable Date

May 12, 2020

Jun. 28, 2019

Per Share Amount

₱ 1

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Retained Earnings Available For Dividend Declaration [Line Items]
Consolidated unappropriated retained earnings available for dividends as at December 31, 2020	₱ 34,243	₱ 25,652
Effect of IAS 27, Consolidated and Separate Financial Statements, adjustments	3,006	6,429
Less: Cumulative unrealized income – net of tax:
Parent Company’s net income for the year	26,308	24,225	₱ 22,462
Fair value adjustments of investment property resulting to gain	34	43
Foreign exchange gains (losses) – net (Note 28)	(3,890)	1,488	424
Preferred stock	59	59	59
Parent Company’s unappropriated retained earnings available for dividends as at January 1, 2021	37,249	32,081
Less: Cash dividends declared during the year
Cash dividends (Note 20)	(17,860)	(16,785)	(15,630)
Retained Earnings [Member]
Disclosure Of Retained Earnings Available For Dividend Declaration [Line Items]
Consolidated unappropriated retained earnings available for dividends as at December 31, 2020		25,652
Effect of IAS 27, Consolidated and Separate Financial Statements, adjustments		6,429
Parent Company’s unappropriated retained earnings available for dividends at beginning of the year		32,081
Less: Cumulative unrealized income – net of tax:
Parent Company’s net income for the year	22,944
Fair value adjustments of investment property resulting to gain	(27)	(1,145)
Foreign exchange gains (losses) – net (Note 28)		(2,362)
Fair value adjustments (mark-to-market gains)	(771)	(3,440)
Preferred stock	(59)
Common stock	(17,717)
Parent Company’s unappropriated retained earnings available for dividends as at January 1, 2021	29,504	25,134
Net Income (Loss) Attributable to Equity Owners of Parent	22,146
Less: Cash dividends declared during the year
Cash dividends (Note 20)	₱ (17,776)	₱ (16,695)	₱ (15,615)

Interest-bearing Financial Li_3

Interest-bearing Financial Liabilities - Summary of Interest-bearing Financial Liabilities (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020
Long-term portion of interest-bearing financial liabilities:
Long-term debt (Notes 28 and 29)	₱ 241,075	₱ 205,195
Current portion of interest-bearing financial liabilities:
Long-term debt maturing within one year (Notes 28 and 29)	11,482	17,570
Borrowings	₱ 252,557	₱ 222,765

Interest-bearing Financial Li_4

Interest-bearing Financial Liabilities - Additional Information (Detail) ₱ in Millions, $ in Millions	Jun. 23, 2020USD ($)	Oct. 11, 2019	Oct. 10, 2019	Dec. 31, 2021PHP (₱)	Dec. 31, 2020PHP (₱)	Mar. 31, 2022PHP (₱)	Jun. 30, 2020PHP (₱)	May 31, 2020PHP (₱)	Apr. 30, 2020PHP (₱)	Mar. 31, 2020PHP (₱)	Dec. 31, 2019PHP (₱)
Disclosure Of Detailed Information About Borrowings [Line Items]
Unamortized Debt Discount				₱ 2,857	₱ 1,262						₱ 491
Percentage of dollar portion of debt				16.00%	18.00%
Percentage of unhedged portion of net debt				8.00%	13.00%
Percentage of net dollar cash balance of debt				5.00%	5.00%
Total debt to EBITDA ratio		400.00%	300.00%
Debt Transaction [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Unsecured short term debt						₱ 2,000			₱ 4,000	₱ 6,000
Unsecured Short Term Debt [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate						2.60%			5.75%	5.00%
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
5.2250% 7-year fixed rate bonds due 2021 [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate		5.225%
Borrowings, maturity		7-Year
5.2813 % 10-year fixed rate bonds due 2024 [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate		5.2813%
Borrowings, maturity		10-Year
Smart [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Prepaid outstanding short-term debt								₱ 4,000
PLDT [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Prepaid outstanding short-term debt								₱ 3,000
Prepaid remaining short-term debt							₱ 3,000

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, 2021	Dec. 31, 2020
Disclosure Of Detailed Information About Borrowings [Abstract]
Unamortized debt discount at beginning of the year	₱ 1,262	₱ 491
Additions during the year	1,768	927
Revaluations during the year	13	(10)
Accretion during the year included as part of financing costs – net (Note 5)	(186)	(146)
Unamortized debt discount at end of the year	₱ 2,857	₱ 1,262

Interest-bearing Financial Li_6

Interest-bearing Financial Liabilities - Summary of Long-term Debt (Detail) ₱ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021PHP (₱)	Dec. 31, 2021USD ($)	Dec. 31, 2020PHP (₱)	Dec. 31, 2020USD ($)
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Notes 28 and 29)	₱ 252,557		₱ 222,765
Less portion maturing within one year (Note 28)	11,482		17,570
Noncurrent portion of long-term debt (Note 28)	241,075		205,195
U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Notes 28 and 29)	40,439	$ 793	40,872	$ 851
Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Notes 28 and 29)	212,118		181,893
Fixed Rate Notes [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Notes 28 and 29)	₱ 29,971	588	28,179	587
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 2021 and 2020
Total long-term debt (Notes 28 and 29)	₱ 29,971	588	28,179	587
Term Loans [Member] | Others [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Notes 28 and 29)	₱ 764	15	2,157	45
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 2021    and 2.8850% and US$ LIBOR +    0.7900% to 1.45000% in 2020
Total long-term debt (Notes 28 and 29)	₱ 10,468	$ 205	12,693	$ 264
Term Loans [Member] | Unsecured Term Loans [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Interest Rates, description	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 and 3.9000% to    6.7339%; PHP BVAL + 0.5000%    to 1.0000% (floor rate 4.5000%),    PDST-R2 + 0.5000% to 0.6000%    and TDF + 0.2500% in 2020
Total long-term debt (Notes 28 and 29)	₱ 209,524		163,050
Philippine Peso Debts [Member] | Fixed Rate Corporate Notes [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Interest Rates, description	5.6423% in 2021 and 5.6423% to    5.9058% in 2020
Total long-term debt (Notes 28 and 29)			3,854
Philippine Peso Debts [Member] | Fixed Rate Retail Bonds [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Interest Rates, description	5.2250% to 5.2813% in 2021 and 2020
Total long-term debt (Notes 28 and 29)	₱ 2,594		₱ 14,989

Interest-bearing Financial Li_7

Interest-bearing Financial Liabilities - Summary of Long-term Debt (Parenthetical) (Detail)	Dec. 31, 2021	Dec. 31, 2020
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] | Floor Rate [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, adjustment to interest rate basis		4.50%
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%
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%
Term Loans [Member] | Bottom of range [member] | Unsecured Term Loans [Member] | TDF [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate	3.90%
Term Loans [Member] | Bottom of range [member] | Unsecured Term Loans [Member] | PDST-R2 [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate		0.50%
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%	1.45%
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	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%	1.00%
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	4.50%
Term Loans [Member] | Top of range [member] | Unsecured Term Loans [Member] | TDF [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate	6.7339%
Term Loans [Member] | Top of range [member] | Unsecured Term Loans [Member] | PDST-R2 [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate		0.60%
Philippine Peso Debts [Member] | Fixed Rate Corporate Notes [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate	5.6423%
Philippine Peso Debts [Member] | Bottom of range [member] | Fixed Rate Corporate Notes [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate		5.6423%
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%	5.225%
Philippine Peso Debts [Member] | Top of range [member] | Fixed Rate Corporate Notes [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Borrowings, interest rate		5.9058%
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%	5.2813%

Interest-bearing Financial Li_8

Interest-bearing Financial Liabilities - Summary of Scheduled Maturities of Consolidated Outstanding Long-term Debt at Nominal Values (Detail) - Dec. 31, 2021 ₱ in Millions, $ in Millions	PHP (₱)	USD ($)
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	₱ 255,414
U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	41,104	$ 806
Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	214,310
Less than 1 year [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	11,854
Less than 1 year [Member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	2,262	44
Less than 1 year [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	9,592
1-2 years [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	27,931
1-2 years [Member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	1,988	39
1-2 years [Member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	25,943
2024
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	16,268
2024 | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	1,988	39
2024 | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	14,280
2025
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	22,684
2025 | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	714	14
2025 | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	21,970
2026
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	14,868
2026 | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	713	14
2026 | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	14,155
Later than five years [member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	161,809
Later than five years [member] | U.S. Dollars [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	33,439	$ 656
Later than five years [member] | Philippine Peso [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Total long-term debt (Note 28)	₱ 128,370

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, 2021PHP (₱)	Dec. 31, 2021USD ($)	Dec. 31, 2020PHP (₱)	Dec. 31, 2020USD ($)
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	₱ 252,557		₱ 222,765
Corporate Notes [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts			3,854
Loan Agreement Date September 19, 2012 [Member] | PLDT [Member] | Corporate Notes [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 8,800
Issuance Date	September 19, 2012
Outstanding Amounts			3,560
Dates Drawn	September 21, 2012
Facility Agent	Metrobank
Installments	Series A: 1% annual amortization on the first up to sixth-year, with the balance payable on September 21, 2019;
Prepayments Amount	₱ 2,055
Prepayments Date	June 21, 2013
Loan Agreement Date September 19, 2012 [Member] | PLDT [Member] | Corporate Notes [Member] | Philippine Peso Debts [Member] | Series A 1 [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,610
Prepayments Amount	₱ 2,741
Prepayments Date	September 23, 2019
Loan Agreement Date September 19, 2012 [Member] | PLDT [Member] | Corporate Notes [Member] | Philippine Peso Debts [Member] | Series A 2 [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Prepayments Amount	₱ 3,521
Prepayments Date	December 21, 2021
Loan Agreement Date September 19, 2012 [Member] | PLDT [Member] | Corporate Notes [Member] | Philippine Peso Debts [Member] | Series B 1 [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,190
Installments	Series B: 1% annual amortization on the first up to ninth-year, with the balance payable on September 21, 2022
Loan Agreement Date November 20, 2012 [Member] | PLDT [Member] | Corporate Notes [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 6,200
Issuance Date	November 20, 2012
Dates Drawn	November 22, 2012
Facility Agent	BDO
Installments	Series A: Annual amortization rate of 1% of the issue price on the first-year up to the sixth-year from issue date and the balance payable upon maturity on November 22, 2019
Prepayments Amount	₱ 3,549
Prepayments Date	February 22, 2019
Loan Agreement Date November 20, 2012 [Member] | PLDT [Member] | Corporate Notes [Member] | Philippine Peso Debts [Member] | Series A 1 [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,775
Loan Agreement Date November 20, 2012 [Member] | PLDT [Member] | Corporate Notes [Member] | Philippine Peso Debts [Member] | Series B 1 [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,425
Installments	Series B: Annual amortization rate of 1% of the issue price on the first-year up to the ninth-year from issue date and the balance payable upon maturity on November 22, 2022
Prepayments Amount	₱ 2,255
Prepayments Date	November 23, 2020
Loan Agreement Date June 14, 2013 [Member] | PLDT [Member] | Corporate Notes [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,055
Issuance Date	June 14, 2013
Outstanding Amounts			294
Dates Drawn	June 21, 2013
Facility Agent	Metrobank
Installments	Series A: Annual amortization rate of 1% of the issue price up to the fifth-year and the balance payable upon maturity on September 21, 2019
Prepayments Amount	₱ 1,644
Prepayments Date	September 23, 2019
Loan Agreement Date June 14, 2013 [Member] | PLDT [Member] | Corporate Notes [Member] | Philippine Peso Debts [Member] | Series A 1 [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,735
Prepayments Amount	₱ 291
Prepayments Date	December 21, 2021
Loan Agreement Date June 14, 2013 [Member] | PLDT [Member] | Corporate Notes [Member] | Philippine Peso Debts [Member] | Series B 1 [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 320
Installments	Series B: Annual amortization rate of 1% of the issue price up to the eighth-year and the balance payable upon maturity on September 21, 2022
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	₱ 2,594		14,989
Dates Drawn	February 6, 2014
Facility Agent	Philippine Depositary Trust Corp.
Installments	Php12.4B – non-amortizing, payable in full upon maturity on February 6, 2021; Php2.6B – non-amortizing payable in full on February 6, 2024
Prepayments Amount	₱ 12,400
Prepayments Date	February 8, 2021
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
Paid in full on	0
Outstanding Amounts	₱ 2,872		2,900
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
Loan agreement date September 20, 2016 [Member] | Smart [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Dates Drawn	November 21, 2016
Fixed Rate Notes [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	₱ 29,971	$ 588	28,179	$ 587
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
Terms	Non-amortizing, payable in full upon maturity on    January 23, 2031
Repurchase Amount	0
Paid in full on	0
Outstanding Amounts	₱ 15,017	295	14,110	294
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
Terms	Non-amortizing, payable in full upon maturity on    June 23, 2050
Repurchase Amount	0
Paid in full on	0
Outstanding Amounts	₱ 14,954	293	14,069	293
Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	13,426
Term Loans [Member] | Others [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	764	15	2,157	45
Term Loans [Member] | Others Two [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	1,500		1,500
Term Loans [Member] | Others Two [Member] | U S Dollar Debts
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	9,704	190	10,536	219
Term Loans [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	1,900		1,920
Term Loans [Member] | Others Three [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	12,655		12,850
Term Loans [Member] | Others Four [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	26,830		27,754
Term Loans [Member] | Others Five [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	28,256		28,854
Term Loans [Member] | Others Six [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	11,479		11,630
Term Loans [Member] | Other seven [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	9,236		10,745
Term Loans [Member] | Others Eight [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	22,707		23,189
Term Loans [Member] | Others Nine [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	22,783		23,260
Term Loans [Member] | Others Ten [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	21,002		21,348
Term Loans [Member] | Others Eleven [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	19,874
Term Loans [Member] | Others Twelve [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	17,876
Term Loans [Member] | Others Thirteen [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Outstanding Amounts	₱ 209,524		163,050
Term Loans [Member] | Loan agreement date August 5, 2014 [Member] | PLDT [Member] | Others [Member] | U S Dollar Debts
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		100
Issuance Date	August 5, 2014
Terms	Annual amortization rate of 1% of the issue price on the first-year up to the fifth-year from the initial drawdown date, with final installment on August 11, 2020
Lender(s)	Philippine National Bank, or PNB
Dates Drawn	Various dates in 2014
Drawn	₱ 100
Dates Drawn	August 11, 2020
Term Loans [Member] | Loan agreement date August 29, 2014 [Member] | PLDT [Member] | Others [Member] | U S Dollar Debts
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		50
Issuance Date	August 29, 2014
Terms	Annual amortization rate of 1% of the issue price payable semi-annually starting on the first-year up to the fifth-year anniversary of from the initial drawdown date and the balance payable upon maturity on September 2, 2020
Lender(s)	Metrobank
Dates Drawn	September 2, 2014
Drawn	₱ 50
Dates Drawn	September 2, 2020
Term Loans [Member] | Loan agreement date August 29, 2014 [Member] | PLDT [Member] | Others Two [Member] | U S Dollar Debts | Costs [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		25
Issuance Date	January 31, 2017
Terms	Non-amortizing, payable uponmaturity on March 27, 2024
Paid in full on	0
Outstanding Amounts	₱ 1,271	25	1,195	25
Lender(s)	NTT TC Leasing(1)
Dates Drawn	March 30, 2017
Drawn | $		25
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
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-annual amortizations of 7.5% starting on the third repayment date, with final installment on February 25, 2022
Outstanding Amounts	₱ 764	15	2,157	45
Lender(s)	MUFG Bank, Ltd.
Dates Drawn	Various dates in 2015
Drawn	₱ 200
Dates Drawn	February 24, 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 March 4, 2015 [Member] | Smart [Member] | Others [Member] | U S Dollar Debts
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		200
Issuance Date	March 4, 2015
Terms	9 equal semi-annual installments commencing on the date which falls 12 months after the loan date, with final installment on March 4, 2020
Lender(s)	Mizuho Bank Ltd.
Dates Drawn	Various dates in 2015
Drawn	₱ 200
Dates Drawn	March 4, 2020
Term Loans [Member] | Loan agreement date December 7, 2015 [Member] | Smart [Member] | Others Two [Member] | U S Dollar Debts | Costs [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		100
Issuance Date	December 7, 2015
Terms	13 equal semi-annual installments commencing on the date which falls 12 months after the loan date, with final installment on December 7, 2022
Paid in full on	0
Outstanding Amounts	₱ 781	15	1,469	30
Lender(s)	Mizuho Bank Ltd.
Dates Drawn	Various dates in 2016
Drawn | $		100
Term Loans [Member] | Loan agreement date March 22, 2016 [Member] | PLDT [Member] | Others Two [Member] | U S Dollar Debts | Costs [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		25
Issuance Date	March 22, 2016
Terms	Non-amortizing, payable uponmaturity on March 30, 2023
Paid in full on	0
Outstanding Amounts	₱ 1,272	25	1,197	25
Lender(s)	NTT TC Leasing Co., Ltd., or NTT TC Leasing(1)
Dates Drawn	March 30, 2016
Drawn | $		25
Term Loans [Member] | Loan agreement date March 4, 2020 [Member] | Smart [Member] | Others Two [Member] | U S Dollar Debts | Costs [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount | $		140
Issuance Date	March 4, 2020
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
Paid in full on	0
Outstanding Amounts	₱ 6,380	125	6,675	$ 139
Lender(s)	PNB
Dates Drawn	December 14, 2020
Drawn | $		$ 140
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		1,920
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 September 3,2012 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,000
Issuance Date	September 3, 2012
Paid in full on	January 13, 2020
Lender(s)	Union Bank of the Philippines, or Union Bank
Dates Drawn	January 11, 2013
Drawn	₱ 1,000
Terms	Annual amortization rate of 1% on the first-year up to the sixth-year from the initial drawdown date and the balance payable upon maturity on January 13, 2020
Term Loans [Member] | Loan agreement date October 11, 2012 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,000
Issuance Date	October 11, 2012
Paid in full on	December 3, 2020
Lender(s)	AIA Philippines Life and General Company, or AIA Life, formerly Philippine American Life and General Insurance Company
Dates Drawn	December 3, 2012
Drawn	₱ 1,000
Terms	Payable in full upon maturity on December 5, 2022
Term Loans [Member] | Loan agreement date November 13, 2013 [Member] | PLDT [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	November 13, 2013
Paid in full on	August 24, 2020
Lender(s)	Bank of the Philippine Islands, or BPI
Dates Drawn	Various dates in 2013-2014
Drawn	₱ 2,000
Terms	Annual amortization rate of 1% on the first-year up to the sixth-year from the initial drawdown and the balance payable upon maturity on November 22, 2020
Term Loans [Member] | Loan agreement date November 25 ,2013 [Member] | Smart [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	November 25, 2013
Paid in full on	September 29, 2020
Lender(s)	Metrobank
Dates Drawn	November 29, 2013
Drawn	₱ 3,000
Terms	Annual amortization rate of 10% of the total amount drawn for six-years and the final installment is payable upon maturity on November 27, 2020
Term Loans [Member] | Loan agreement date December 3, 2013 [Member] | Smart [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	December 3, 2013
Paid in full on	October 9, 2020
Lender(s)	BPI
Dates Drawn	December 10, 2013
Drawn	₱ 3,000
Terms	Annual amortization rate of 1% of the total amount drawn for the first six-years and the final installment is payable upon maturity on December 10, 2020
Term Loans [Member] | Loan agreement date January 29, 2014 [Member] | Smart [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	January 29, 2014
Paid in full on	November 18, 2020
Lender(s)	LBP
Dates Drawn	February 5, 2014
Drawn	₱ 3,000
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 and the balance payable upon maturity on February 5, 2021
Term Loans [Member] | February Three Two Thousand Fourteen | Smart [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 500
Issuance Date	February 3, 2014
Paid in full on	November 18, 2020
Lender(s)	LBP
Dates Drawn	February 7, 2014
Drawn	₱ 500
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 and the balance payable upon maturity on February 5, 2021
Term Loans [Member] | Loan agreement date March 26, 2014 [Member] | Smart [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	March 26, 2014
Paid in full on	October 30, 2020
Lender(s)	Union Bank
Dates Drawn	March 28, 2014
Drawn	₱ 2,000
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 and the balance payable upon maturity on March 29, 2021
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		1,500
Lender(s)	AIA Life
Dates Drawn	April 4, 2014
Drawn	₱ 1,500
Terms	Payable in full upon maturity on April 4, 2024
Term Loans [Member] | Loan agreement date April 2, 2014 [Member] | Smart [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 500
Issuance Date	April 2, 2014
Paid in full on	October 30, 2020
Lender(s)	BDO
Dates Drawn	April 4, 2014
Drawn	₱ 500
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 and the balance payable upon maturity on April 2, 2021
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
Terms	May 28, 2014
Paid in full on	February 28, 2022
Outstanding Amounts	₱ 1,000		1,000
Lender(s)	AIA Life
Drawn	₱ 1,000
Terms	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
Terms	June 13, 2014
Paid in full on	0
Outstanding Amounts	₱ 930		940
Lender(s)	LBP
Drawn	₱ 1,000
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 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
Terms	July 31, 2014
Paid in full on	0
Outstanding Amounts	₱ 1,395		1,410
Lender(s)	Union Bank
Drawn	₱ 1,500
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 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
Terms	March 24, 2015
Paid in full on	0
Outstanding Amounts	₱ 1,810		1,900
Lender(s)	BPI
Drawn	₱ 2,000
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 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
Terms	June 30, 2015
Paid in full on	0
Outstanding Amounts	₱ 2,820		2,850
Lender(s)	BPI
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 June 30, 2025
Term Loans [Member] | Loan agreement date August 25, 2015 [Member] | PLDT [Member] | Unsecured Term Loans [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	August 3, 2015
Terms	Various dates in 2015
Paid in full on	0
Outstanding Amounts	₱ 4,700		4,750
Lender(s)	Metrobank
Drawn	₱ 5,000
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 September 23, 2025
Term Loans [Member] | Loan agreement date August 11, 2015 [Member] | Smart [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	August 11, 2015
Paid in full on	0
Outstanding Amounts	₱ 4,690		4,737
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 payable upon maturity on September 1, 2025
Term Loans [Member] | Loan agreement date December 11, 2015 [Member] | Smart [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	December 11, 2015
Paid in full on	0
Outstanding Amounts	₱ 4,689		4,736
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 [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	December 16, 2015
Paid in full on	0
Outstanding Amounts	₱ 4,688		4,736
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 [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	0
Outstanding Amounts	₱ 4,199		4,897
Lender(s)	China Banking Corporation, or CBC
Dates Drawn	December 28, 2015
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
Dates Drawn	February 24,2016
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
Paid in full on	0
Outstanding Amounts	₱ 5,692		5,748
Lender(s)	Metrobank
Dates Drawn	August 30, 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
Dates Drawn	November 10, 2016
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
Paid in full on	0
Outstanding Amounts	₱ 7,338		7,495
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
Paid in full on	0
Outstanding Amounts	₱ 6,165		6,225
Lender(s)	BPI
Dates Drawn	November 2, 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 20, 2016 [Member] | PLDT [Member] | Unsecured Term Loans [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Dates Drawn	December 19, 2016
Term Loans [Member] | Loan agreement date September 28,2016 [Member] | Smart [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	September 28, 2016
Paid in full on	0
Outstanding Amounts	₱ 2,850		2,880
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 20, 2016 [Member] | Smart [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,400
Issuance Date	September 28, 2016
Paid in full on	0
Outstanding Amounts	₱ 5,126		5,178
Lender(s)	Union Bank
Dates Drawn	October 24, 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
Paid in full on	0
Outstanding Amounts	₱ 5,027		5,076
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 [Member] | Unsecured Term Loans [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,500
Issuance Date	October 27, 2016
Paid in full on	0
Outstanding Amounts	₱ 1,750		2,000
Lender(s)	CBC
Dates Drawn	December 8, 2016
Drawn	₱ 2,500
Terms	Annual amortization rate of 10% of the amount drawn starting on the third-year up to the sixth-year, with balance payable upon maturity on December 8, 2023
Term Loans [Member] | Loan agreement date October 28,2016 [Member] | Smart [Member] | Unsecured Term Loans [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	October 28, 2016
Paid in full on	0
Outstanding Amounts	₱ 1,899		1,917
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 [Member] | Unsecured Term Loans [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,000
Issuance Date	December 16, 2016
Paid in full on	0
Outstanding Amounts	₱ 925		970
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 [Member] | Unsecured Term Loans [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	December 22, 2016
Paid in full on	0
Outstanding Amounts	₱ 1,940		1,960
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] | PLDT [Member] | Unsecured Term Loans [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,500
Issuance Date	December 23, 2016
Paid in full on	0
Outstanding Amounts	₱ 3,350		3,383
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 [Member] | Unsecured Term Loans [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,500
Issuance Date	April 18, 2017
Paid in full on	0
Outstanding Amounts	₱ 1,455		1,470
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] | PLDT [Member] | Unsecured Term Loans [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	May 24, 2017
Paid in full on	0
Outstanding Amounts	₱ 1,910		1,930
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 the balance 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
Paid in full on	0
Outstanding Amounts	₱ 3,360		3,395
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
Paid in full on	0
Outstanding Amounts	₱ 1,458		1,470
Lender(s)	LBP
Dates Drawn	April 2, 2018
Drawn	₱ 1,500
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 3, 2028
Term Loans [Member] | Loan agreement date September 28, 2017 [Member] | Smart [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
Outstanding Amounts			980
Lender(s)	Union Bank
Dates Drawn	February 19, 2018
Drawn	₱ 1,000
Terms	Annual amortization rate of 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 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
Paid in full on	0
Outstanding Amounts	₱ 1,767		1,960
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
Paid in full on	0
Outstanding Amounts	₱ 878		980
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 Loans [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	May 9, 2018
Paid in full on	0
Outstanding Amounts	₱ 1,773		1,960
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 [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	May 25, 2018
Paid in full on	0
Outstanding Amounts	₱ 1,933		1,951
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 [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	0
Outstanding Amounts	₱ 1,485		1,500
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 the advance and the balance payable upon maturity on June 28, 2024
Term Loans [Member] | Loan agreement date July 31,2018 [Member] | Smart [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	July 31, 2018
Paid in full on	0
Outstanding Amounts	₱ 2,894		2,922
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 [Member] | Unsecured Term Loan [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	January 11, 2019
Paid in full on	0
Outstanding Amounts	₱ 4,865		4,980
Lender(s)	DBP
Dates Drawn	May 6, 2019
Drawn	₱ 2,000
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
Dates Drawn	September 2, 2019
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
Paid in full on	0
Outstanding Amounts	₱ 7,822		7,900
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 anniversary up to the ninth-year anniversary of the initial drawdown 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 [Member] | Unsecured Term Loans [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	February 21, 2019
Paid in full on	0
Outstanding Amounts	₱ 3,708		3,936
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 initial drawdown 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 Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	April 11, 2019
Paid in full on	0
Outstanding Amounts	₱ 1,949		1,968
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 Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	July 1, 2019
Paid in full on	0
Outstanding Amounts	₱ 1,949		1,967
Lender(s)	PNB
Dates Drawn	September 6, 2019
Drawn	₱ 2,000
Terms	Annual amortization rate equivalent to 1% of the total amount drawn from the facility 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 September 25, 2019 [member] | Smart [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 8,000
Issuance Date	September 25, 2019
Paid in full on	0
Outstanding Amounts	₱ 7,635		7,949
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 upon maturity on October 2, 2029
Term Loans [Member] | Loan agreement date December 9, 2019 [Member] | Smart [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	December 9, 2019
Paid in full on	0
Outstanding Amounts	₱ 3,975		3,973
Lender(s)	DBP
Dates Drawn	December 12, 2019
Drawn	₱ 4,000
Terms	Annual amortization rate equivalent to 1% 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 upon maturity on December 12, 2029
Term Loans [Member] | Loan agreement date December 12, 2019 [Member] | PLDT [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,500
Issuance Date	December 12, 2019
Paid in full on	0
Outstanding Amounts	₱ 4,382		4,424
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 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	January 20, 2020
Paid in full on	0
Outstanding Amounts	₱ 2,893		2,979
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 Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	January 29, 2020
Paid in full on	0
Outstanding Amounts	₱ 4,854		4,965
Lender(s)	BDO
Dates Drawn	January 31, 2020
Drawn	₱ 5,000
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 31, 2030
Term Loans [Member] | Loan agreement date March 24, 2020 [Member] | PLDT [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	March 24, 2020
Paid in full on	0
Outstanding Amounts	₱ 3,827		3,972
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 the drawdown date and the balance payable upon maturity on March 27, 2028
Term Loans [Member] | Loan agreement date March 30, 2020 [Member] | PLDT [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,500
Issuance Date	March 30, 2020
Paid in full on	0
Outstanding Amounts	₱ 2,488		2,484
Lender(s)	MUFG Bank, Ltd.
Dates Drawn	April 2, 2020
Drawn	₱ 2,500
Terms	Amortization rate equivalent to: (1) 20% of the amount drawn payable on the 30th, 48th, 54th and 72nd month from the drawdown date; (2) 0.50% of the amount drawn payable on the 36th, 42nd, 60th and 66th month from the drawdown date; and (3) 18% of the amount drawn payable upon maturity on October 2, 2026
Term Loans [Member] | Loan agreement date May 20, 2020 [Member] | PLDT [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	May 20, 2020
Paid in full on	0
Outstanding Amounts	₱ 2,951		2,979
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-year anniversary 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 [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	May 20, 2020
Paid in full on	0
Outstanding Amounts	₱ 3,933		3,970
Lender(s)	LBP
Dates Drawn	November 20, 2020
Drawn	₱ 4,000
Terms	Annual amortization rate equivalent to 1% of principal amount 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 Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	May 21, 2020
Paid in full on	0
Outstanding Amounts	₱ 2,949		₱ 2,978
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-year anniversary 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 Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 5,000
Issuance Date	February 9, 2021
Paid in full on	0
Outstanding Amounts	₱ 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 [Member] | Maturity On March 9, 2031 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	March 4, 2021
Paid in full on	0
Outstanding Amounts	₱ 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 [Member] | Maturity On May 25, 2031 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	March 5, 2021
Paid in full on	0
Outstanding Amounts	₱ 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 [Member] | Maturity On March 30, 2031 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	March 8, 2021
Paid in full on	0
Outstanding Amounts	₱ 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 Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	March 31, 2021
Paid in full on	0
Outstanding Amounts	₱ 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 Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	March 31, 2021
Paid in full on	0
Outstanding Amounts	₱ 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 [Member] | Maturity On June 8, 2032 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	April 14, 2021
Paid in full on	0
Outstanding Amounts	₱ 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 [Member] | Maturity On September 1, 2032 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	April 15, 2021
Paid in full on	0
Outstanding Amounts	₱ 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] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	April 30, 2021
Paid in full on	0
Outstanding Amounts	₱ 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 Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	June 14, 2021
Paid in full on	0
Outstanding Amounts	₱ 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 on September 1, 2032
Term Loans [Member] | Loan agreement date June 14, 2021 [Member] | PLDT [Member] | Maturity On July 15, 2032 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	June 14, 2021
Paid in full on	0
Outstanding Amounts	₱ 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 [Member] | Maturity On October 15, 2031 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,000
Issuance Date	September 28, 2021
Paid in full on	0
Outstanding Amounts	₱ 1,000
Lender(s)	BDO
Dates Drawn	October 15, 2021
Drawn	₱ 1,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the ninth-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 [Member] | Maturity On November 22, 2028 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	November 17, 2021
Paid in full on	0
Outstanding Amounts	₱ 2,978
Lender(s)	BDO
Dates Drawn	November 22, 2021
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the sixth-year from 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 Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 1,000
Issuance Date	November 24, 2021
Paid in full on	0
Outstanding Amounts	₱ 1,000
Lender(s)	BPI
Dates Drawn	December 1, 2021
Drawn	₱ 1,000
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 1, 2033
Term Loans [Member] | Loan Agreement Date November 24, 2021 [Member] | PLDT [Member] | Maturity On March 17, 2033 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	November 24, 2021
Paid in full on	0
Outstanding Amounts	₱ 2,978
Lender(s)	BPI
Dates Drawn	December 17, 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 March 17, 2033
Term Loans [Member] | Loan Agreement Date November 24, 2021 [Member] | PLDT [Member] | Maturity On March 17, 2033 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 4,000
Issuance Date	November 24, 2021
Paid in full on	0
Outstanding Amounts	₱ 3,970
Lender(s)	BPI
Dates Drawn	December 17, 2021
Drawn	₱ 4,000
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 December 10, 2021 [Member] | PLDT [Member] | Maturity On December 17, 2031 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,500
Issuance Date	December 10, 2021
Paid in full on	0
Outstanding Amounts	₱ 2,500
Lender(s)	LBP
Dates Drawn	December 17, 2021
Drawn	₱ 2,500
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 December 17, 2031
Term Loans [Member] | Loan Agreement Date December 14, 2021 [Member] | Smart [Member] | Maturity On January 21, 2030 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 3,000
Issuance Date	December 14, 2021
Paid in full on	0
Lender(s)	DBP
Dates Drawn	January 20, 2022
Drawn	₱ 3,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the seventh-year from 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 [Member] | Maturity On January 20, 2031 [Member] | Unsecured Term Loans [Member] | Philippine Peso Debts [Member]
Disclosure Of Detailed Information About Borrowings [Line Items]
Loan Amount	₱ 2,000
Issuance Date	December 14, 2021
Paid in full on	0
Lender(s)	DBP
Dates Drawn	January 20, 2022
Drawn	₱ 2,000
Terms	Annual amortization rate equivalent to 1% of the advance starting on the first-year up to the eight-year from the drawdown date and the balance of 92% payable upon maturity on January 20, 2031

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Subclassifications Of Assets Liabilities And Equities [Abstract]
Contract liabilities and unearned revenues (Note 5)	₱ 3,558	₱ 976
Total provision for asset retirement obligations	2,121	2,000	₱ 1,767
Accrual of capital expenditures under long-term financing	300	1,542
Others	105	150
Deferred credits and non other liabilities	₱ 6,084	₱ 4,668

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, 2021	Dec. 31, 2020
Subclassifications Of Assets Liabilities And Equities [Abstract]
Provision for asset retirement obligations at beginning of the year	₱ 2,000	₱ 1,767
Capitalized to ROU assets during the year	239	205
Accretion expenses	65	61
Change in assumptions	(62)	(22)
Revaluation due to change in IBR	(102)	39
Gain on settlement of asset retirement obligation		(50)
Settlement of obligations and others	(19)
Provision for asset retirement obligations at end of the year	₱ 2,121	₱ 2,000

Accounts Payable - Summary of A

Accounts Payable - Summary of Accounts Payable (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020
Subclassifications Of Assets Liabilities And Equities [Abstract]
Suppliers and contractors (Note 28)	₱ 85,903	₱ 75,322
Taxes (Note 27)	1,741	2,330
Carriers and other customers (Note 28)	1,469	1,336
Related parties (Notes 25 and 28)	200	300
Others	10,405	3,125
Accounts payable	₱ 99,718	₱ 82,413

Accounts Payable - Additional I

Accounts Payable - Additional Information (Detail) - PHP (₱) ₱ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Trade Financing Arrangements [Member]
Accounts Payable [Line Items]
Amount reclassified from accounts payable	₱ 9,393	₱ 1,555
Trade Financing Arrangements [Member] | Parent [Member]
Accounts Payable [Line Items]
Trade receivables	7,559	400
Trade Financing Arrangements [Member] | Smart [Member]
Accounts Payable [Line Items]
Trade receivables	₱ 1,834	₱ 1,155
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, 2021	Dec. 31, 2020
Subclassifications Of Assets Liabilities And Equities [Abstract]
Accrued utilities and related expenses (Notes 25 and 28)	₱ 63,105	₱ 64,624
Accrued taxes and related expenses (Note 27)	11,464	11,918
Current portion of contract liabilities and unearned revenues	10,063	8,595
Accrued employee benefits and other provisions (Note 28)	9,087	10,397
Liability from redemption of preferred shares	7,842	7,849
Accrued interests and other related costs (Note 29)	1,783	1,872
Others	2,769	2,504
Accrued expenses and other current liabilities	₱ 106,113	₱ 107,759

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, 2021PHP (₱)	Dec. 31, 2020PHP (₱)	Dec. 31, 2019PHP (₱)	Dec. 31, 2021USD ($)
Disclosure Of Transactions Between Related Parties [Line Items]
Accrued expenses and other current liabilities (Notes 24 and 27)	₱ 106,113	₱ 107,759
Right-of-use assets (Note 10)	20,081	18,303
Lease liabilities – net of current portion (Note 10)	17,131	15,982
Current portion of lease liabilities (Note 10)	4,555	4,043
Financial assets at fair value through other comprehensive income (Notes 6, 11 and 25)		168
Repairs and maintenance (Notes 14, 18 and 25)	24,653	21,555	₱ 20,007
Rent (Notes 10 and 25)	2,231	1,384	1,290
Depreciation and amortization (Notes 9 and 10)	52,169	47,480	39,656
Accounts payable (Note 23)	99,718	82,413
Financing costs – net	10,414	10,086	8,553
Professional and other contracted services (Note 25)	8,371	7,307	7,408
Communication, training and travel (Note 25)	977	903	1,203
Prepayments (Note 19)	107,484	76,766
Insurance and security services (Note 25)	1,739	1,699	1,671
Trade and other receivables	35,625	38,304
Cost of services (Note 18)	3,492	2,991	3,680
Revenues	193,257	181,004	169,187
Expenses	152,496	144,822	129,786
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)	186	418
Right-of-use assets (Note 10)	2,433	1,916
Lease liabilities – net of current portion (Note 10)	1,118	1,589
Current portion of lease liabilities (Note 10)	487	437
Repairs and maintenance (Notes 14, 18 and 25)	2,519	2,231	2,689
Rent (Notes 10 and 25)	40	38	29
Depreciation and amortization (Notes 9 and 10)	₱ 486	473	218
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 (Unsecured)
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 (Unsecured)
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 (Unsecured)
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	2021 – due after December 31, 2022; 2020 – due after December 31, 2021 (Unsecured)
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	2021 – due on or before December 31, 2022; 2020 – due on or before December 31, 2021 (Unsecured)
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)	₱ 1	3
Terms and Conditions	30 days upon receipt of invoice (Unsecured)
M P I C Joint Venture Through P C E V
Disclosure Of Transactions Between Related Parties [Line Items]
Financial assets at fair value through other comprehensive income (Notes 6, 11 and 25)		168
Terms and Conditions	2020 – due on or before December 31, 2021; noninterest-bearing (Unsecured)
NTT TC Leasing [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	Non-amortizing, payable upon maturity on March 30, 2023 (Unsecured)
Interest-bearing financial liabilities (Note 21)	₱ 1,272	1,201
Financing costs – net	17	29	52
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)	240	183
Repairs and maintenance (Notes 14, 18 and 25)	₱ 97	139	169
Terms and Conditions	1st month of each quarter; noninterest-bearing (Unsecured)
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 (Unsecured)
Interest-bearing financial liabilities (Note 21)	₱ 1,271	1,200
Financing costs – net	18	30	52
NTT Communications [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accrued expenses and other current liabilities (Notes 24 and 27)	₱ 12	11
Terms and Conditions	30 days upon receipt of invoice; noninterest-bearing (Unsecured)
Accounts payable (Note 23)	₱ 3	3
Professional and other contracted services (Note 25)	₱ 68	81	95
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 (Unsecured)
NTT Worldwide Telecommunications Corporation [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	30 days upon receipt of invoice; noninterest-bearing (Unsecured)
Accounts payable (Note 23)	₱ 4	1
Selling and promotions	2	3	5
NTT DOCOMO, Inc. [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accrued expenses and other current liabilities (Notes 24 and 27)	₱ 12	8
Terms and Conditions	30 days upon receipt of invoice; noninterest-bearing (Unsecured)
Professional and other contracted services (Note 25)	₱ 80	58	70
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)	52	59
Accrued expenses and other current liabilities (Notes 24 and 27)	7	3
Right-of-use assets (Note 10)	83	134
Lease liabilities – net of current portion (Note 10)	62	114
Current portion of lease liabilities (Note 10)	30	20
Repairs and maintenance (Notes 14, 18 and 25)	25	6	38
Rent (Notes 10 and 25)	232	314	198
Depreciation and amortization (Notes 9 and 10)	29	34
Financing costs – net	₱ 5	13
Professional and other contracted services (Note 25)		2
Communication, training and travel (Note 25)		1	10
Miscellaneous expenses			98
JGSHI and Subsidiaries [Member] | ROU Assets [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	Upon depreciation or expiration of lease (Unsecured)
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 (Unsecured)
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 (Unsecured)
JGSHI and Subsidiaries [Member] | Lease Liabilities - Net of Current Portion [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	2021 – due after December 31, 2022; 2020 – due after December 31, 2021 (Unsecured)
JGSHI and Subsidiaries [Member] | Current Portion of Lease Liabilities [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	2021 – due on or before December 31, 2022 2020 – due on or before December 31, 2021 (Unsecured)
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 (Unsecured)
Prepayments (Note 19)	₱ 23	18
Insurance and security services (Note 25)	₱ 196	194	295
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 (Unsecured)
Gotuaco [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accounts payable and accrued expenses and other current liabilities (Notes 23 and 24)	₱ 1	10
Terms and Conditions	Immediately upon receipt of invoice (Unsecured)
Prepayments (Note 19)		5
Insurance and security services (Note 25)	₱ 179	149	165
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 (Unsecured)
FPIML [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Professional and other contracted services (Note 25)	₱ 111	72	156
Prepayments (Note 19) | $				$ 1,540
Cignal Cable [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accrued expenses and other current liabilities (Notes 24 and 27)		102
Terms and Conditions	30 days upon receipt of invoice (Unsecured)
Selling and promotions		23	82
Cost of services (Note 18)		22	306
Other income – net		51	166
Various [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Accrued expenses and other current liabilities (Notes 24 and 27)	₱ 11	63
Right-of-use assets (Note 10)	750	598
Lease liabilities – net of current portion (Note 10)	386	413
Current portion of lease liabilities (Note 10)	₱ 234	156
Terms and Conditions	30 days upon receipt of billing; noninterest-bearing (Unsecured)
Accounts payable (Note 23)	₱ 1,314	1,049
Trade and other receivables	1,892	2,036
Revenues	2,368	2,145	2,401
Expenses	₱ 2,386	₱ 1,582	₱ 1,908
Various [Member] | ROU Assets [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	Upon depreciation or expiration of lease (Unsecured)
Various [Member] | Trade and Other Receivables [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	30 days upon receipt of invoice (Unsecured)
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 (Unsecured)
Various [Member] | Lease Liabilities - Net of Current Portion [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	2021 – due after December 31, 2022; 2020 – due after the December 31, 2021 (Unsecured)
Various [Member] | Current Portion of Lease Liabilities [Member]
Disclosure Of Transactions Between Related Parties [Line Items]
Terms and Conditions	2021 – due on or before December 31, 2022; 2020 – due on or before December 31, 2021 (Unsecured)

Related Party Transactions - _2

Related Party Transactions - Summary of Outstanding Balances and Transactions with Related Parties (Parenthetical) (Detail) $ in Thousands, ₱ in Millions	Apr. 01, 2021USD ($)	Apr. 01, 2020USD ($)	Mar. 01, 2018USD ($)	Jan. 31, 2017USD ($)	Mar. 22, 2016USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2021PHP (₱)	Dec. 31, 2021USD ($)	Dec. 31, 2020PHP (₱)
Disclosure Of Transactions Between Related Parties [Line Items]
Outstanding Amounts | ₱							₱ 252,557		₱ 222,765
Prepayments (Note 19) | ₱							₱ 107,484		₱ 76,766
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						30.00%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - PHP (₱) ₱ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Transactions Between Related Parties [Abstract]
Materiality Threshold Percentage	10.00%
Director fee for each board meeting	₱ 250
Fee for each committee meeting attended	125
Total fees paid for board meetings and board committee meetings	₱ 85,000	₱ 72,000	₱ 68,000

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Transactions Between Related Parties [Abstract]
Short-term employee benefits	₱ 311	₱ 327	₱ 311
Share-based payments (Note 26)	115	297	138
Post-employment benefits (Note 26)	21	22	58
Total compensation paid to key officers of the PLDT Group	₱ 447	₱ 646	₱ 507

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Net Defined Benefit Liability Asset [Line Items]
Service costs	₱ 1,614	₱ 1,313	₱ 1,043
Interest costs on benefit obligation	317	734	(22)
Unfunded status – net	(7,615)	(13,197)	(8,914)
Accrued benefit costs	7,760	13,342	8,985
Prepaid benefit costs (Note 19)	145	145	71
Curtailment/settlement gains and other adjustments		(99)	(181)
Net periodic benefit costs (Note 5)	1,931	1,948	840
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	28,197	22,638	20,683
Service costs	1,614	1,313	1,043
Interest costs on benefit obligation	922	1,056	1,338
Actuarial losses on obligations – experience	538	265	570
Actual benefits paid/settlements	(3,471)	(369)	(4,558)
Actuarial losses on obligations – economic assumptions	(5,502)	3,507	3,829
Actuarial losses on obligations – demographic assumptions			4
Curtailments and others		(213)	(271)
Present value of defined benefit obligations at end of the year	22,298	28,197	22,638
Plan assets [Member]
Disclosure Of Net Defined Benefit Liability Asset [Line Items]
Actual benefits paid/settlements	(3,471)	(369)	(4,558)
Fair value of plan assets at beginning of the year	15,000	13,724	13,539
Actual contributions	3,614	3,227	7,598
Interest income on plan assets	605	322	1,360
Return on plan assets (excluding amount included in net interest)	(1,065)	(1,904)	(4,215)
Fair value of plan assets at end of the year	₱ 14,683	₱ 15,000	₱ 13,724

Pension and Other Employee Be_4

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

May 11, 2021shares

Jan. 19, 2021shares

Mar. 12, 2020PHP (₱)shares

Mar. 28, 2019shares

Apr. 15, 2018shares

Mar. 07, 2018shares

Sep. 26, 2017shares

May 30, 2015PHP (₱)

May 21, 2015PHP (₱)

Dec. 31, 2014PHP (₱)

Mar. 11, 2014PHP (₱)

Feb. 19, 2014PHP (₱)

Sep. 27, 2013

Jan. 25, 2013PHP (₱)

Aug. 09, 2012PHP (₱)

Jul. 06, 2012PHP (₱)

Jun. 30, 2012PHP (₱)

May 08, 2012PHP (₱)

Oct. 31, 2013PHP (₱)

Dec. 31, 2021PHP (₱)₱ / sharesshares

Dec. 31, 2020PHP (₱)₱ / sharesshares

Dec. 31, 2019PHP (₱)

Feb. 28, 2018PHP (₱)

Oct. 26, 2012PHP (₱)₱ / shares

Disclosure Of Defined Benefit Plans [Line Items]

Actual net gain (losses) on plan assets

₱ 460

₱ 1,582

₱ 2,855

Expected contribution in 2022 to the defined benefit plan

₱ 1,460

Average duration of the defined benefit obligation

11 years

Description of retirement benefit plan

Benefits are payable in the event of termination of employment due to: (i) compulsory, optional, or deferred retirement; (ii) death while in active service; (iii) physical disability; (iv) voluntary resignation; or (v) involuntary separation from service.  For a plan member with less than 15 years of credited services, retirement benefit is equal to 100% of final compensation for every year of service.  For those with at least 15 years of service, retirement benefit is equal to 125% of final compensation for every year of service, with such percentage to be increased by an additional 5% for each completed year of service in excess of 15 years, but not to exceed a maximum of 200%.  In case of voluntary resignation after attainment of age 40 and completion of at least 15 years of credited service, benefit is equal to a percentage of his vested retirement benefit, in accordance with percentages prescribed in the retirement plan.

VIU calculations derived from cash flow projections

The VIU calculations were derived from cash flow projections over a period of five years based on the 2021 financial budgets approved by the MediaQuest’s Board of Directors and calculated terminal value

Carrying value of investments in associates

₱ 17,206

16,992

Direct Subscription In Shares Of Stocks

20

Unpaid Subscription in Unlisted Equity Investments

32

Cumulative Change In Fair Market Value Of Investment

₱ 462

₱ 423

Debt and fixed income securities

2.00%

2.00%

Number of shares transferred to beneficial trust fund | shares

12,000

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

₱ 106,113

₱ 107,759

Cash award paid

₱ 654

Cash grant covering period

2 years

Transformation Incentive Plan [Member]

Disclosure Of Defined Benefit Plans [Line Items]

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

₱ 1,186

1,134

638

Accrued incentive payable

₱ 1,186

1,134

Trustee [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Acquired Shares Of Common Stock | shares

757,000

Performance Shares [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Number of shares issued | shares

239,000

239,000

302,000

204,000

239,000

Fixed Income Securities [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Proportion of portfolio percentage

70.00%

Equity Securities 1 [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Proportion of portfolio percentage

30.00%

Smart and Subsidiaries [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Actual net gain (losses) on plan assets

₱ 113

285

290

Expected contribution in 2022 to the defined benefit plan

322

322

322

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

Disclosure Of Defined Benefit Plans [Line Items]

Plan Assets of Defined Benefit Pension Plans

₱ 45

₱ 44

Smart and Subsidiaries [Member] | Philippine Foreign Currency Bonds [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Percentage of interest earned

2.95%

10.63%

Smart and Subsidiaries [Member] | Debt and Fixed Income Securities [Member] | Domestic Fixed Income [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Percentage of interest earned

2.10%

12.00%

Unlisted Preferred Shares [member]

Disclosure Of Defined Benefit Plans [Line Items]

Subscription price per share | ₱ / shares

₱ 10

₱ 10

Unlisted preferred shares | shares

300,000,000

300,000,000

Subscription payable

₱ 2,640

₱ 2,640

Dividend rate

13.50%

13.50%

Dividends earned

₱ 47

₱ 49

49

Debt Securities [Member] | Retail Treasury Bonds [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Fixed interest rates

3.70%

MediaQuest PDRs [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Deposits

₱ 6,000

Percentage of Economic Interest

40.00%

Deposit for future subscription

₱ 4,000

Additional deposit for subscription

₱ 1,000

₱ 1,000

Additional investment

₱ 2,000

1,400

3,100

Carrying value of investments in associates

9,984

9,914

Investment drawn

1,600

Loss on changes in fair value of the investments

400

Satventures Philippine Depositary Receipts [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Percentage of Economic Interest

40.00%

Deposit for future subscription

₱ 3,600

Additional deposit for subscription

3,600

Cignal TV Philippine Depositary Receipts [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Percentage of Economic Interest

64.00%

Hastings Philippine Depositary Receipts [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Deposit for future subscription

₱ 300

₱ 1,950

Additional amount deposited

₱ 500

₱ 1,950

Total deposit for subscription

₱ 2,250

Hasting philippine depository receipts [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Percentage of Economic Interest

70.00%

Additional amount deposited

₱ 3,250

Additional investment

₱ 800

Settlement amount

200

Balance investment amount

₱ 500

Carrying value of investments in associates

₱ 1,664

Tahanan Mutual Building and Loan Association, Inc [member]

Disclosure Of Defined Benefit Plans [Line Items]

Carrying value of investments in associates

119

Deed of pledge

99

BTF Holdings, Inc. [Member] | Voting Preferred Stock [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Voting Preferred Stock

₱ 150

Subscription price per share | ₱ / shares

₱ 1

Total Subscription Price

₱ 150

Dividend income

10

10

10

Dividends received

2

2

Parent [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Shares of stocks sold to third party

₱ 2

₱ 2

₱ 2

Plan Member with Less Than 15 Years of Credited Services [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Credited services period

15 years

Percentage of retirement benefit equal to compensation

100.00%

Plan Member with At Least 15 Years of Credited Services [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Credited services period

15 years

Percentage of retirement benefit equal to compensation

125.00%

Plan Member with At Least 15 Years of Credited Services [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Credited services period

15 years

Additional retirement benefit percentage for each completed year in excess of 15 years

5.00%

Bottom of range [member]

Disclosure Of Defined Benefit Plans [Line Items]

Average duration of the defined benefit obligation

8 years

Pre-tax discount rates applied to cash flow projections

11.40%

Growth rate of cash flows beyond the projection of three years

0.00%

Percentage of contribution to plan by employer

5.00%

Debt and fixed income securities

10.00%

Bottom of range [member] | Performance Shares [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Performance share awards performance period

Dec. 31, 2019

Bottom of range [member] | Corporate Bonds [member]

Disclosure Of Defined Benefit Plans [Line Items]

Fixed interest rates

3.25%

Top of range [member]

Disclosure Of Defined Benefit Plans [Line Items]

Average duration of the defined benefit obligation

19 years

Pre-tax discount rates applied to cash flow projections

11.80%

Growth rate of cash flows beyond the projection of three years

4.80%

Percentage of contribution to plan by employer

10.00%

Percentage of contribution to plan by employee

10.00%

Debt and fixed income securities

50.00%

Top of range [member] | Performance Shares [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Performance share awards performance period

Jan. 1, 2017

Number of shares issued | shares

914,000

860,000

Number of shares authorized for acquisition of additional performance shares | shares

54,000

Top of range [member] | Corporate Bonds [member]

Disclosure Of Defined Benefit Plans [Line Items]

Fixed interest rates

6.94%

Top of range [member] | Plan Member with At Least 15 Years of Credited Services [Member]

Disclosure Of Defined Benefit Plans [Line Items]

Percentage of retirement benefit equal to compensation

200.00%

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, 2021PHP (₱)
Less than 1 year [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	₱ 373
1-2 years [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	427
2024 [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	597
2025 [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	888
2026 [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	1,275
Later than five years [member]
Disclosure Of Defined Benefit Plans [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	₱ 13,763

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Defined Benefit Plans [Line Items]
Rate of increase in compensation	5.70%	6.00%	6.00%
Discount rate	5.30%	3.50%	4.80%
Investment Property [Member] | Smart and Subsidiaries [Member]
Disclosure Of Defined Benefit Plans [Line Items]
Rate of increase in compensation	5.00%	5.00%	5.00%
Discount rate	5.00%	3.50%	7.30%

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) ₱ in Millions	Dec. 31, 2021PHP (₱)
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	₱ (2,869)
Increase (decrease) in defined benefit obligation due to 1% decrease	₱ 3,448
Percentage of increase in defined benefit obligation	1.00%
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	₱ (10)
Increase (decrease) in defined benefit obligation due to 1% decrease	₱ 20
Percentage of increase in defined benefit obligation	0.62%
Percentage of decrease in defined benefit obligation	(0.30%)
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	₱ 3,328
Increase (decrease) in defined benefit obligation due to 1% decrease	₱ (2,835)
Percentage of increase in defined benefit obligation	1.00%
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	₱ 20
Increase (decrease) in defined benefit obligation due to 1% decrease	₱ (10)
Percentage of increase in defined benefit obligation	0.61%
Percentage of decrease in defined benefit obligation	(0.30%)

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, 2021	Dec. 31, 2020
Disclosure Of Fair Value Of Plan Assets [Line Items]
Noncurrent Financial Assets	₱ 13,914	₱ 12,983
Current Financial Assets	523	1,779
Plan Assets of Defined Benefit Pension Plans	14,683	15,000
Less: Employee’s share, forfeitures and mandatory reserve account	1,356	1,201
Total Plan Assets of Defined Contribution Plans	4,137	3,651
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	5,456	4,464
Smart and Subsidiaries [Member] | Current Financial Assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	5,493	4,852
Smart and Subsidiaries [Member] | Current Financial Assets [Member] | Cash and Cash Equivalent [member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	37	388
Smart and Subsidiaries [Member] | Current Financial Assets [Member] | Receivables [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	37	388
Parent [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	14,437	14,762
Subsidiaries [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Plan Assets of Defined Benefit Pension Plans	246	238
Unquoted Equity Investments [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Noncurrent Financial Assets	11,332	10,728
Shares of Stocks [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Noncurrent Financial Assets	2,316	1,903
Corporate Bonds [member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Noncurrent Financial Assets	242	255
Government Securities [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Noncurrent Financial Assets	7	76
Mutual Funds [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Noncurrent Financial Assets	17	21
Cash and Cash Equivalent [member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Current Financial Assets	518	1,771
Receivables [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Current Financial Assets	5	8
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	2,833	2,416
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	997	832
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	902
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	224	74
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	₱ 558	₱ 240

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Fair Value Of Plan Assets [Line Items]
Unlisted Equity Investments	₱ 53,364	₱ 52,123	₱ 53,863
MediaQuest PDRs [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
% of Ownership	100.00%	100.00%
Unlisted Equity Investments	₱ 10,508	₱ 9,955
Tahanan Mutual Building and Loan Association, Inc [member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
% of Ownership	100.00%	100.00%
Unlisted Equity Investments	₱ 584	₱ 542
BTF Holdings, Inc. [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
% of Ownership	100.00%	100.00%
Unlisted Equity Investments	₱ 240	₱ 231
Unquoted Equity Investments [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Unlisted Equity Investments	₱ 11,332	₱ 10,728

Pension and Other Employee B_10

Pension and Other Employee Benefits - Summary of Unlisted Equity Investments of Defined Benefit Pension Plans (Parenthetical) (Detail) - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020
Tahanan Mutual Building and Loan Association, Inc [member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Net subscriptions payable	₱ 32	₱ 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, 2021	Dec. 31, 2020
Disclosure Of Fair Value Of Plan Assets [Line Items]
Shares of stocks	₱ 2,316	₱ 1,903
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	1,401	1,026
Parent [Member] | Common Stock [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Shares of stocks	48	35
Others [Member] | Common Stock [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Shares of stocks	₱ 507	₱ 482

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, 2021	Dec. 31, 2020
Disclosure Of Fair Value Of Plan Assets [Abstract]
Investments in listed and unlisted equity securities	94.00%	86.00%
Temporary cash investments	4.00%	12.00%
Debt and fixed income securities	2.00%	2.00%
Net investments	100.00%	100.00%

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Fair Value Of Plan Assets [Line Items]
Service costs	₱ 1,614	₱ 1,313	₱ 1,043
Interest costs on benefit obligation	317	734	(22)
Curtailment/settlement gains and other adjustments		(99)	(181)
Net periodic benefit costs (Note 5)	1,931	1,948	840
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	28,197	22,638	20,683
Service costs	1,614	1,313	1,043
Actuarial losses – experience	5,502	(3,507)	(3,829)
Actuarial losses – economic assumptions			(4)
Actual benefits paid/settlements	(3,471)	(369)	(4,558)
Present value of defined benefit obligations at end of the year	22,298	28,197	22,638
Interest costs on benefit obligation	922	1,056	1,338
Plan assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Actual benefits paid/settlements	(3,471)	(369)	(4,558)
Fair value of plan assets at beginning of the year	15,000	13,724	13,539
Actual contributions	3,614	3,227	7,598
Interest income on plan assets	605	322	1,360
Return on plan assets (excluding amount included in net interest)	(1,065)	(1,904)	(4,215)
Fair value of plan assets at end of the year	14,683	15,000	13,724
Investment Property [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Service costs	313	294	239
Others			(39)
Funded status – net	873	876	271
Prepaid benefit costs (Note 19)	873	876	271
Interest costs on benefit obligation	(31)	(24)	(16)
Curtailment/settlement gains and other adjustments			(6)
Net periodic benefit costs (Note 5)	282	270	178
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	2,775	2,813	2,804
Service costs	313	294	239
Interest costs on benefit obligation	101	118	174
Actuarial losses – experience	12	69	100
Actuarial losses – economic assumptions	(40)	28	13
Actual benefits paid/settlements		(567)	(37)
Curtailment and others	103	20	(480)
Present value of defined benefit obligations at end of the year	3,264	2,775	2,813
Investment Property [Member] | Plan assets [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Actual benefits paid/settlements			(37)
Fair value of plan assets at beginning of the year	3,651	3,084	3,159
Actual contributions	306	282	281
Interest income on plan assets	132	142	190
Return on plan assets (excluding amount included in net interest)	(18)	143	100
Others	66		(609)
Fair value of plan assets at end of the year	₱ 4,137	₱ 3,651	₱ 3,084

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, 2021PHP (₱)
Less than 1 year [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	₱ 373
2023 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	427
2024 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	597
2025 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	888
2026 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	1,275
Later than five years [member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	13,763
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	88
Defined Contribution Plans [Member] | 2023 [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Expected future settlements by Plan of maturing defined benefit obligation	108
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	162
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	209
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	234
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	₱ 1,877

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, 2021	Dec. 31, 2020
Disclosure Of Fair Value Of Plan Assets [Line Items]
Investments in listed and unlisted equity securities	94.00%	86.00%
Smart and Subsidiaries [Member]
Disclosure Of Fair Value Of Plan Assets [Line Items]
Investments in debt and fixed income securities and others	67.00%	64.00%
Investments in listed and unlisted equity securities	33.00%	36.00%
Percentage of investments in pension plan assets	100.00%	100.00%

Provisions and Contingencies -

Provisions and Contingencies - Additional Information (Detail) ₱ in Thousands	Jul. 03, 2017Worker	Jul. 23, 2014PHP (₱)	Dec. 31, 2021PHP (₱)
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
Payment for compromise of tax liabilities			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, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Noncurrent Assets
Financial assets at fair value through profit or loss	₱ 339	₱ 380
Debt instruments at amortized cost – net of current portion	400	1,153
Derivative financial assets – net of current portion	48
Other financial assets – net of current portion	3,099	2,915
Current Assets
Cash and cash equivalents (Note 16)	23,907	40,237	₱ 24,369	₱ 51,654
Short-term investments	2,241	989
Trade and other receivables (Note 17)	21,790	22,053
Current portion of derivative financial assets	93	22
Current portion of debt instruments at amortized cost	207
Current portion of other financial assets	7,064	7,172
Total assets	59,188	75,089
Noncurrent Liabilities
Long-term debt (Notes 28 and 29)	241,075	205,195
Noncurrent portion of lease liabilities (Note 28)	17,131	15,982
Derivative financial liabilities – net of current portion	100	360
Customers' deposits	2,270	2,371
Deferred credits and other noncurrent liabilities	398	1,683
Current Liabilities
Accounts payable	97,959	80,051
Accrued expenses and other current liabilities	84,219	86,849
Current portion of interest-bearing financial liabilities	11,482	17,570
Current portion of lease liabilities	4,555	4,043
Dividends payable	1,708	1,194
Current portion of derivative financial liabilities (Note 28)	115	176
Total liabilities	461,012	415,474
Net assets (liabilities)	(401,824)	(340,385)
Current portion of financial assets at fair value through other comprehensive income		168
Current portion of derivative financial liabilities	115	176
Financial assets at amortised cost, category [member]
Noncurrent Assets
Debt instruments at amortized cost – net of current portion	400	1,153
Other financial assets – net of current portion	3,099	2,915
Current Assets
Cash and cash equivalents (Note 16)	23,907	40,237
Short-term investments	1,986	508
Trade and other receivables (Note 17)	21,790	22,053
Current portion of debt instruments at amortized cost	207
Current portion of other financial assets	208	200
Total assets	51,597	67,066
Noncurrent Liabilities
Long-term debt (Notes 28 and 29)	241,075	205,195
Noncurrent portion of lease liabilities (Note 28)	17,131	15,982
Customers' deposits	2,270	2,371
Deferred credits and other noncurrent liabilities	398	1,683
Current Liabilities
Accounts payable	97,959	80,051
Accrued expenses and other current liabilities	76,377	79,000
Current portion of interest-bearing financial liabilities	11,482	17,570
Current portion of lease liabilities	4,555	4,043
Dividends payable	1,708	1,194
Total liabilities	452,955	407,089
Net assets (liabilities)	(401,358)	(340,023)
financial assets at FVPL [Member]
Noncurrent Assets
Financial assets at fair value through profit or loss	339	380
Derivative financial assets – net of current portion	48
Current Assets
Short-term investments	255	481
Current portion of derivative financial assets	93	22
Current portion of other financial assets	6,856	6,972
Total assets	7,591	7,855
Noncurrent Liabilities
Derivative financial liabilities – net of current portion	100	360
Current Liabilities
Accrued expenses and other current liabilities	7,842	7,849
Current portion of derivative financial liabilities (Note 28)	115	176
Total liabilities	8,057	8,385
Net assets (liabilities)	(466)	(530)
Current portion of derivative financial liabilities	₱ 115	176
Fair value changes of financial instrument at FVOCI [Member]
Current Assets
Total assets		168
Current Liabilities
Net assets (liabilities)		168
Current portion of financial assets at fair value through other comprehensive income		₱ 168

Financial Assets and Liabilit_4

Financial Assets and Liabilities - Summary of Consolidated Financial Assets and Financial Liabilities (Parenthetical) (Detail) ₱ in Thousands	12 Months Ended
	Dec. 31, 2020PHP (₱)shares	Dec. 31, 2021PHP (₱)	Nov. 30, 2021PHP (₱)
Disclosure of detailed information about financial instruments [Line Items]
Short-term investments	₱ 989,000	₱ 2,241,000
Credit Suisse [Member]
Disclosure of detailed information about financial instruments [Line Items]
Withdrew from supply chain		6,600
Fair value of short-term investments	10,010	3,400
Short-term investments	₱ 10,000
Ratio of short-term investments to shares | shares	9,114.53
Julius Baer [Member]
Disclosure of detailed information about financial instruments [Line Items]
Fair value of short-term investments		₱ 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, 2021	Dec. 31, 2020
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	₱ 8,220	₱ 7,878
Gross amounts of recognized financial assets set-off in the consolidated statements of financial position	6,773	6,429
Net amount presented in the consolidated statements of financial position	1,447	1,449
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	7,625	7,161
Gross amounts of recognized financial assets set-off in the consolidated statements of financial position	6,405	5,877
Net amount presented in the consolidated statements of financial position	1,220	1,284
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	595	717
Gross amounts of recognized financial assets set-off in the consolidated statements of financial position	368	552
Net amount presented in the consolidated statements of financial position	227	165
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	149,409	82,522
Gross amounts of recognized financial assets and liabilities set-off in the consolidated statements of financial position	51,649	2,771
Net amount presented in the consolidated statements of financial position	97,760	79,751
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	132,459	75,394
Gross amounts of recognized financial assets and liabilities set-off in the consolidated statements of financial position	46,556	72
Net amount presented in the consolidated statements of financial position	85,903	75,322
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	16,950	7,128
Gross amounts of recognized financial assets and liabilities set-off in the consolidated statements of financial position	5,093	2,699
Net amount presented in the consolidated statements of financial position	₱ 11,857	₱ 4,429

Financial Assets and Liabilit_6

Financial Assets and Liabilities - Additional Information (Detail)	Aug. 02, 2016	Aug. 05, 2014	Dec. 31, 2021PHP (₱)USD ($)	Dec. 31, 2020PHP (₱)USD ($)	Dec. 31, 2019PHP (₱)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2018PHP (₱)
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 assets fair value from Level 1 to Level 2			0	0
Transfer of financial assets fair value from Level 2 to Level 1			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			23,907,000,000	40,237,000,000	₱ 24,369,000,000			₱ 51,654,000,000
Short-term investments			₱ 2,241,000,000	989,000,000
Exchange rate			1
Increase in consolidated foreign currency-denominated financial liabilities			₱ 2,653,000,000
Net foreign exchange gains				1,488,000,000	424,000,000
Net foreign exchange loss			₱ 3,890,000,000
Percentage of increase or decrease in value of currency			1.03%
Foreign exchange gain (loss ) after tax			₱ 1,404,000,000
Net foreign exchange gain /loss on equity instrument			21,000,000
Increase in consolidated variable rate debt			92,354,000,000	33,077,000,000
Foreign exchange gains (losses) – net (Note 28)			₱ (3,890,000,000)	₱ 1,488,000,000	₱ 424,000,000
Decrease in dividend payout	60.00%
Bottom of range [member]
Disclosure Of Financial Liabilities [Line Items]
Dividend Pay Out Rate		70.00%
Top of range [member]
Disclosure Of Financial Liabilities [Line Items]
Dividend Pay Out Rate		75.00%
Floating Interest Rate [Member]
Disclosure Of Financial Liabilities [Line Items]
Percentage of consolidated debts with variable rates			36.00%	15.00%		36.00%	15.00%
Fixed Interest Rate [Member]
Disclosure Of Financial Liabilities [Line Items]
Percentage of consolidated debts with fixed rate			64.00%	86.00%		64.00%	86.00%
Foreign currency exchange risk [Member]
Disclosure Of Financial Liabilities [Line Items]
Exchange rate			1	1
Percentage of consolidated debts			16.00%	18.00%
Decrease in consolidated foreign currency-denominated debt			₱ 40,439,000,000	₱ 40,872,000,000
Percentage of consolidated debts unhedged			8.00%	13.00%		8.00%	13.00%
Percentage of consolidated debts unhedged net of cash allocated for debt			5.00%	5.00%		5.00%	5.00%
Percentage of consolidated revenues denominated in U.S. dollars			20.00%	19.00%	15.00%	20.00%	19.00%
Percentage of consolidated expenses denominated in U.S. dollars			18.00%	16.00%	11.00%	18.00%	16.00%
Decrease in value of currency			6.14%			6.14%
Long-term Currency Swap Contracts and Foreign Currency Options [Member] | Foreign currency exchange risk [Member]
Disclosure Of Financial Liabilities [Line Items]
Aggregate notional amount | $						$ 397,000,000	$ 224,000,000
Long-term interest rate swap contracts | $						397,000,000	224,000,000
Interest Rate Swap Contract [Member]
Disclosure Of Financial Liabilities [Line Items]
Aggregate notional amount | $						11,000,000	40,000,000
Long-term interest rate swap contracts | $						$ 11,000,000	$ 40,000,000
Less than 1 year [Member]
Disclosure Of Financial Liabilities [Line Items]
Outstanding consolidated commercial commitments			₱ 0	₱ 0
Events After Reporting Period [member]
Disclosure Of Financial Liabilities [Line Items]
Exchange rate			52.37	1
Other obligations [Member]
Disclosure Of Financial Liabilities [Line Items]
Various Trade And Other Obligations			₱ 179,484,000,000	₱ 169,808,000,000
Foreign currency exchange risk [Member]
Disclosure Of Financial Liabilities [Line Items]
Borrowings, interest rate basis			10
Percentage of exchange rate weaken/strengthen			25.00%
Foreign currency exchange risk [Member] | U.S. Dollars [Member]
Disclosure Of Financial Liabilities [Line Items]
Borrowings, interest rate basis			10
Increase decrease in profit after tax			₱ 2,000,000
Foreign exchange gains (losses) – net (Note 28)			₱ 27,000,000
Foreign currency exchange risk [Member] | Philippine Peso [Member]
Disclosure Of Financial Liabilities [Line Items]
Borrowings, interest rate basis			25
Increase decrease in profit after tax			₱ 5,000
Foreign exchange gains (losses) – net (Note 28)			₱ 10,000,000

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, 2021	Dec. 31, 2020
Noncurrent Financial Assets
Debt instruments at amortized cost	₱ 400	₱ 1,153
Other financial assets – net of current portion	3,099	2,915
Total	3,067	3,724
Noncurrent Financial Liabilities
Long-term debt (Notes 28 and 29)	241,075	205,195
Customers' deposits	2,270	2,371
Total	244,568	217,291
Carrying Value [Member]
Noncurrent Financial Assets
Debt instruments at amortized cost	400	1,153
Other financial assets – net of current portion	3,099	2,915
Total	3,499	4,068
Noncurrent Financial Liabilities
Long-term debt (Notes 28 and 29)	241,075	205,195
Customers' deposits	2,270	2,371
Deferred credits and other noncurrent liabilities	398	1,683
Total	243,743	209,249
Fair Value [Member]
Noncurrent Financial Assets
Debt instruments at amortized cost	403	1,163
Other financial assets – net of current portion	2,664	2,561
Total	3,067	3,724
Noncurrent Financial Liabilities
Long-term debt (Notes 28 and 29)	242,545	213,908
Customers' deposits	1,619	1,821
Deferred credits and other noncurrent liabilities	404	1,562
Total	₱ 244,568	₱ 217,291

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, 2021	Dec. 31, 2020
Noncurrent Financial Assets
Derivative financial assets – net of current portion	₱ 48
Current Financial Assets
Short-term investments	2,241	₱ 989
Current portion of derivative financial assets	93	22
Current portion of FVOCI		168
Current portion of other financial assets	7,064	7,172
Total assets	59,188	75,089
Noncurrent Financial Liabilities
Derivative financial liabilities – net of current portion	100	360
Current Financial Liabilities
Current portion of derivative financial liabilities	115	176
Total liabilities	461,012	415,474
Fair Value [Member]
Noncurrent Financial Assets
Financial assets at FVPL	339	380
Derivative financial assets – net of current portion	48
Current Financial Assets
Short-term investments	255	481
Current portion of derivative financial assets	93	22
Current portion of FVOCI		168
Current portion of other financial assets	6,856	6,972
Total assets	7,591	8,023
Noncurrent Financial Liabilities
Derivative financial liabilities – net of current portion	100	360
Current Financial Liabilities
Accrued expenses and other current liabilities	7,842	7,849
Current portion of derivative financial liabilities	115	176
Total liabilities	8,057	8,385
Fair Value [Member] | Level 1 [Member]
Noncurrent Financial Assets
Financial assets at FVPL		61
Current Financial Assets
Total assets		61
Fair Value [Member] | Level 2 [Member]
Noncurrent Financial Assets
Financial assets at FVPL	315	294
Derivative financial assets – net of current portion	48
Current Financial Assets
Short-term investments	255	481
Current portion of derivative financial assets	93	22
Current portion of FVOCI		168
Current portion of other financial assets	6,856	6,972
Total assets	7,567	7,937
Noncurrent Financial Liabilities
Derivative financial liabilities – net of current portion	100	360
Current Financial Liabilities
Accrued expenses and other current liabilities	7,842	7,849
Current portion of derivative financial liabilities	115	176
Total liabilities	8,057	8,385
Fair Value [Member] | Level 3 [Member]
Noncurrent Financial Assets
Financial assets at FVPL	24	25
Current Financial Assets
Total assets	₱ 24	₱ 25

Financial Assets and Liabilit_9

Financial Assets and Liabilities - Summary of Derivative Financial Instruments (Detail)	12 Months Ended
	Dec. 31, 2021PHP (₱)USD ($)	Dec. 31, 2020PHP (₱)
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	1
Net Mark-to- market Gains (Losses)	₱ (74,000,000)	₱ (514,000,000)
Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	51,000,000	(14,000,000)
Transactions Not Designated As Hedges [Member] | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	14,000,000	(5,000,000)
Transactions Not Designated As Hedges [Member] | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	37,000,000	(9,000,000)
Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	(125,000,000)	(500,000,000)
Transactions Designated As Hedges | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	(178,000,000)	(483,000,000)
Transactions Designated As Hedges | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	53,000,000	(17,000,000)
Transactions Designated As Hedges | Long Term Currency Swaps | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	9,000,000	13,000,000
Termination Date Various dates in January to July Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October to December 2021 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts [Member] | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 69,000,000
Trade Date	Various dates inOctober to December 2021
Underlying Transaction	U.S. Dollar Liabilities
Termination Date	Various dates inJanuary to July 2022
Weighted Average Foreign Exchange Rate	50.90
Notional Amount	₱ 69,000,000	13,000,000
Net Mark-to- market Gains (Losses)	17,000,000	(5,000,000)
Termination Date Various dates in June Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in January to February 2022 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts [Member] | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 8,000,000
Trade Date	Various dates inJanuary to February 2022
Underlying Transaction	U.S. Dollar Liabilities
Termination Date	Various dates in June 2022
Weighted Average Foreign Exchange Rate	51.38
Termination Date January Two Thousand and Twenty [Member] | EUR Assets [Member] | Various dates in July and August 2019 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts [Member] | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 5,000,000
Trade Date	Various dates inJuly and August 2019
Underlying Transaction	EUR Assets
Termination Date	January 2020
Weighted Average Foreign Exchange Rate	58.65
Termination Date Various Dates in April and 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 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
Underlying Transaction	U.S. Dollar Liabilities
Termination Date	Various dates in Apriland 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 Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Transactions Not Designated As Hedges [Member] | Foreign Exchange Options Capped Forward | PLDT [Member] | Condition One
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.17
Termination Date Various Dates in April and 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 Capped Forward | PLDT [Member] | Condition Two
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	50.80
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] | PLDT [Member] | Condition One
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	51.02
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] | PLDT [Member] | Condition Two
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.05
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]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 4,000,000
Trade Date	Various dates in October 2021
Underlying Transaction	U.S. Dollar Liabilities
Termination Date	Various dates in May 2022
Weighted Average Foreign Exchange Rate	50.68
Notional Amount	₱ 4,000,000
Net Mark-to- market Gains (Losses)	₱ (1,000,000)
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	51.02
Termination Date Various Dates In Two Thousand Twenty [Member] | US Dollar Liabilities [Member] | Various dates in 2019 and 2020 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts [Member] | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 133,000,000
Trade Date	Various dates in2019 and 2020
Underlying Transaction	U.S. Dollar Liabilities
Termination Date	Various dates in 2020
Weighted Average Foreign Exchange Rate	50.73
Termination Date Various Dates in Two Thousand Twenty One [Member] | US Dollar Liabilities [Member] | Various dates in 2020 and 2021 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts [Member] | 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
Underlying Transaction	U.S. Dollar Liabilities
Termination Date	Various dates in 2021
Weighted Average Foreign Exchange Rate	49.03
Notional Amount		26,000,000
Net Mark-to- market Gains (Losses)		(9,000,000)
Termination Date Various Dates in Two Thousand Twenty Two [Member] | Various Dates In November Two Thousand Twenty One | 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
Notional Amount	₱ 2,000,000
Net Mark-to- market Gains (Losses)	(1,000,000)
Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October to December 2021 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts [Member] | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 116,000,000
Trade Date	Various dates in October toDecember  2021
Underlying Transaction	U.S. Dollar Liabilities
Termination Date	Various dates in 2022
Weighted Average Foreign Exchange Rate	50.83
Notional Amount	₱ 116,000,000
Net Mark-to- market Gains (Losses)	40,000,000
Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various Dates In November Two Thousand Twenty One | Transactions Not Designated As Hedges [Member] | Subsidized Forwards | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 2,000,000
Trade Date	Various dates in November 2021
Underlying Transaction	U.S. Dollar Liabilities
Termination Date	Various dates in 2022
Weighted Average Foreign Exchange Rate	50.38
Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various Dates In November Two Thousand Twenty One | 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
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]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 3,000,000
Trade Date	Various dates in November toDecember 2021
Underlying Transaction	U.S. Dollar Liabilities
Termination Date	Various dates in 2022
Weighted Average Foreign Exchange Rate	49.90
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	50.88
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 Two
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	51.75
Notional Amount	₱ 3,000,000
Net Mark-to- market Gains (Losses)	(2,000,000)
Termination Date Various Dates in April to September Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in January to March 1, 2022 [Member] | Transactions Not Designated As Hedges [Member] | Forward Foreign Exchange Contracts [Member] | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 30,000,000
Trade Date	Various dates in January toMarch 1, 2022
Underlying Transaction	U.S. Dollar Liabilities
Termination Date	Various dates in April toSeptember 2022
Weighted Average Foreign Exchange Rate	51.65
Termination Date Various Dates in May and July Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in January to February 2022 [Member] | Transactions Not Designated As Hedges [Member] | Seagull | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 4,000,000
Trade Date	Various dates in January toFebruary 2022
Underlying Transaction	U.S. Dollar Liabilities
Termination Date	Various dates in May andJuly 2022
Weighted Average Foreign Exchange Rate	51.20
Termination Date Various Dates in May and July Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in January to February 2022 [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	52.17
Termination Date Various Dates in May and July Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in January to February 2022 [Member] | Transactions Not Designated As Hedges [Member] | Seagull | Smart [Member] | Condition Two
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.96
Termination Date August Eleven Two Thousand Twenty Member [Member] | Hundred PNB [Member] | August 2014 [Member] | Transactions Designated As Hedges | Interest Rate Swap1 | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 100,000,000
Trade Date	August 2014
Underlying Transaction	100 PNB
Termination Date	August 11, 2020
Weighted Average Hedge Cost	3.46%
Termination Date August Eleven Two Thousand Twenty Member [Member] | Hundred PNB [Member] | January 2017 [Member] | Transactions Designated As Hedges | Long Term Currency Swaps | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 4,000,000
Trade Date	January 2017
Underlying Transaction	100 PNB
Termination Date	August 11, 2020
Weighted Average Hedge Cost	1.01%
Weighted Average Foreign Exchange Rate	49.79
Termination Date September Two Two Thousand Twenty Member [Member] | Fifty Metro Bank Member [Member] | September 2014 [Member] | Transactions Designated As Hedges | Interest Rate Swap1 | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 50,000,000
Trade Date	September 2014
Underlying Transaction	50 Metrobank
Termination Date	September 2, 2020
Weighted Average Hedge Cost	3.47%
Termination Date February Twenty Five Two Thousand And Twenty Two [Member] | Two Hundred Term Loan Member [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
Underlying Transaction	200 Term Loan
Termination Date	February 25, 2022
Weighted Average Hedge Cost	2.70%
Notional Amount	₱ 11,000,000	34,000,000
Net Mark-to- market Gains (Losses)	(5,000,000)	(25,000,000)
Termination Date February Twenty Five Two Thousand And Twenty Two [Member] | Two Hundred 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 2018to August 2020
Underlying Transaction	200 MUFG Bank, Ltd.
Termination Date	February 25, 2022
Weighted Average Hedge Cost	2.15%
Weighted Average Foreign Exchange Rate	50.78
Notional Amount	₱ 5,000,000	16,000,000
Net Mark-to- market Gains (Losses)	2,000,000	(52,000,000)
Termination Date February Twenty Six Two Thousand and Twenty [Member] | Two Hundred MUFG Bank Ltd [Member] | February 2018 [Member] | Transactions Designated As Hedges | Long Term Currency Swaps | PLDT [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 6,000,000
Trade Date	February 2018
Underlying Transaction	200 MUFG Bank, Ltd.
Termination Date	February 26, 2020
Weighted Average Hedge Cost	1.82%
Weighted Average Foreign Exchange Rate	51.27
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
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 Februaryto March 2021
Underlying Transaction	300M Notes 2031
Termination Date	January 23, 2031
Weighted Average Hedge Cost	1.20%
Weighted Average Foreign Exchange Rate	55.28
Notional Amount	₱ 290,000,000	200,000,000
Net Mark-to- market Gains (Losses)	₱ (175,000,000)	(406,000,000)
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	49.61
Termination Date March Four Two Thousand Twenty [Member] | Two Hundred Mizuho [Member] | Various dates in 2015 [Member] | Transactions Designated As Hedges | Interest Rate Swap1 | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 200,000,000
Trade Date	Various dates in 2015
Underlying Transaction	200 Mizuho
Termination Date	March 4, 2020
Weighted Average Hedge Cost	2.10%
Termination Date March Four Two Thousand Twenty [Member] | Two Hundred Mizuho [Member] | Various dates in 2018 and 2019 [Member] | Transactions Designated As Hedges | Long Term Currency Swaps | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 13,000,000
Trade Date	Various datesin 2018 and 2019
Underlying Transaction	200 Mizuho
Termination Date	March 4, 2020
Weighted Average Hedge Cost	2.06%
Weighted Average Foreign Exchange Rate	51.93
Termination Date December Seven Two Thousand Twenty One [Member] | Hundred 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
Underlying Transaction	100 Mizuho
Termination Date	December 7, 2021
Weighted Average Hedge Cost	2.03%
Notional Amount		6,000,000
Net Mark-to- market Gains (Losses)		(2,000,000)
Termination Date December Seven Two Thousand Twenty One [Member] | Hundred 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
Underlying Transaction	100 Mizuho
Termination Date	December 7, 2021
Weighted Average Hedge Cost	2.22%
Weighted Average Foreign Exchange Rate	51.83
Notional Amount		2,000,000
Net Mark-to- market Gains (Losses)		(8,000,000)
Termination Date December Seven Two Thousand Twenty [Member] | Hundred Mizuho [Member] | Various dates in 2017, 2018 and 2019 [Member] | Transactions Designated As Hedges | Long Term Currency Swaps | Smart [Member]
Disclosure of detailed information about financial instruments [Line Items]
Original Notional Amount	₱ 18,000,000
Trade Date	Various dates in2017, 2018 and 2019
Underlying Transaction	100 Mizuho
Termination Date	December 7, 2020
Weighted Average Hedge Cost	1.76%
Weighted Average Foreign Exchange Rate	50.98
Termination Date December Seven Two Thousand Twenty Two [Member] | Hundred 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
Underlying Transaction	100 Mizuho
Termination Date	December 7, 2022
Weighted Average Hedge Cost	1.99%
Weighted Average Foreign Exchange Rate	48.64
Notional Amount	₱ 3,000,000	6,000,000
Net Mark-to- market Gains (Losses)	9,000,000	₱ (7,000,000)
Termination Date December Thirteen Two Thousand Thirty [Member] | Hundred and Forty [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
Underlying Transaction	140 PNB
Termination Date	December 13, 2030
Weighted Average Hedge Cost	1.63%
Weighted Average Foreign Exchange Rate	53.34
Notional Amount	₱ 99,000,000
Net Mark-to- market Gains (Losses)	₱ 44,000,000
Termination Date December Thirteen Two Thousand Thirty [Member] | Hundred and Forty [Member] | February to April 2021 [Member] | Transactions Designated As Hedges | Long Term Foreign Currency Options | Smart [Member] | Condition One
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	48

Financial Assets and Liabili_10

Financial Assets and Liabilities - Summary of Derivative Financial Instruments (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021PHP (₱)USD ($)	Dec. 31, 2020PHP (₱)	Dec. 31, 2019PHP (₱)
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	1
Net Mark-to- market Gains (Losses)	₱ (74,000,000)	₱ (514,000,000)
Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	51,000,000	(14,000,000)
Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	(125,000,000)	(500,000,000)
PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	14,000,000	(5,000,000)
PLDT [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	(178,000,000)	(483,000,000)
Smart [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	37,000,000	(9,000,000)
Smart [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Net Mark-to- market Gains (Losses)	53,000,000	(17,000,000)
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	1,000,000	16,000,000
Interest accrual	3,000,000	9,000,000
Hedge cost portion of the movements in the fair value	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		2,000,000
Interest accrual		197,000
Hedge cost portion of the movements in the fair value	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	4,000,000	46,000,000
Interest accrual	2,000,000	6,000,000
Hedge cost portion of the movements in the fair value	500,000	2,000,000	₱ 2,000,000
Long Term Currency Swaps | Smart [Member] | Transactions Designated As Hedges
Disclosure of detailed information about financial instruments [Line Items]
Interest accrual	201,000	2,000,000
Hedge cost portion of the movements in the fair value	309,000	1,000,000
Net Mark-to- market Gains (Losses)	₱ 9,000,000	13,000,000
Termination Date Various Dates in April and May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Foreign Exchange Options Capped Forward | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	50.80
Net Mark-to- market Gains (Losses)	₱ (2,000,000)
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	50.68
Net Mark-to- market Gains (Losses)	₱ (1,000,000)
Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various Dates In November Two Thousand Twenty One | 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 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	49.90
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	₱ 100,000,000	342,000,000
Interest accrual	75,000,000	64,000,000
Hedge cost portion of the movements in the fair value	89,000,000	₱ 26,000,000
Termination Date December Thirteen Two Thousand Thirty [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	48,000,000
Interest accrual	4,000,000
Hedge cost portion of the movements in the fair value	₱ 8,000,000
Condition One | Termination Date Various Dates in April and May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Foreign Exchange Options Capped Forward | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.17
Exchange rate, description	Php50.80 plus the excess above Php52.17
Condition One | Termination Date Various Dates in April and May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Bottom of range [member] | Foreign Exchange Options Capped Forward | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.17
Condition One | Termination Date Various Dates in May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	51.02
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	51.02
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	51.02
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	52.05
Condition One | Termination Date Various Dates in Two Thousand Twenty Two [Member] | Various Dates In November Two Thousand Twenty One | 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 Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various Dates In November Two Thousand Twenty One | 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 Two Thousand Twenty One | 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	50.88
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	50.88
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	51.75
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 Thirteen Two Thousand Thirty [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 Thirteen Two Thousand Thirty [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 Thirteen Two Thousand Thirty [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 April and May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Foreign Exchange Options Capped Forward | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	50.80
Condition Two | Termination Date Various Dates in April and May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | Top of range [member] | Foreign Exchange Options Capped Forward | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.17
Condition Two | Termination Date Various Dates in May Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various dates in October 2021 [Member] | PLDT [Member] | Transactions Not Designated As Hedges [Member]
Disclosure of detailed information about financial instruments [Line Items]
Weighted Average Foreign Exchange Rate	52.05
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	Php51.02 plus the excess above Php52.05
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	52.05
Condition Two | Termination Date Various Dates in Two Thousand Twenty Two [Member] | US Dollar Liabilities [Member] | Various Dates In November Two Thousand Twenty One | 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 Two Thousand Twenty One | 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 Two Thousand Twenty One | 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]
Weighted Average Foreign Exchange Rate	51.75
Exchange rate, description	Php50.88 plus the excess above Php51.75
Net Mark-to- market Gains (Losses)	₱ (2,000,000)
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	51.75
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 Thirteen Two Thousand Thirty [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 Thirteen Two Thousand Thirty [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	50.68
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	51.02
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	49.90
Condition Three | 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	50.88
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 Thirteen Two Thousand Thirty [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, 2021	Dec. 31, 2020
Reconciliation Of Fair Value Of Credit Derivative [Abstract]
Noncurrent assets	₱ 48
Current assets	93	₱ 22
Noncurrent liabilities (Note 29)	(100)	(360)
Current liabilities (Note 29)	(115)	(176)
Net liabilities	₱ (74)	₱ (514)

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Changes In Fair Value Of Credit Derivative [Abstract]
Net mark-to-market losses at beginning of the year	₱ (514)	₱ (71)
Gains (losses) on derivative financial instruments (Note 4)	1,651	(284)	₱ (233)
Effective portion recognized in the profit or loss for the cash flow hedges	(75)	(156)
Settlements, interest expense and others	(169)	430
Net fair value losses on cash flow hedges (Note 28)	(967)	(433)	(330)
Net mark-to-market losses at end of the year	₱ (74)	₱ (514)	₱ (71)

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Net Gain Losses On Derivative Financial Instruments [Abstract]
Gains (losses) on derivative financial instruments	₱ 1,651	₱ (284)	₱ (233)
Hedge costs	(251)	(94)	(51)
Net gains (losses) on derivative financial instruments (Note 5)	₱ 1,400	₱ (378)	₱ (284)

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, 2021	Dec. 31, 2020
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Temporary cash investments (Note 28)	₱ 13,291	₱ 30,711
Short-term investments	207
Financial assets at fair value through profit or loss	339	380
Financial Asset [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Short-term investments	429	481
Financial instruments at FVPL:	7,624	7,833
Financial assets at fair value through profit or loss	339	380
Other financial assets	6,856	6,972
Total	63,052	82,366
Financial instruments at FVOCI:		168
Financial assets at fair value through other comprehensive income		168
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:	55,428	74,365
Other financial assets	3,919	3,689
Debt instruments at amortized cost	607	1,153
Temporary cash investments (Note 28)	13,291	30,711
Short-term investments	1,986	508
Retail subscribers	15,676	17,142
Corporate subscribers	13,079	13,318
Foreign administrations	1,341	1,520
Domestic carriers	241	226
Dealers, agents and others	5,288	6,098
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	429	481
Financial instruments at FVPL:	7,285	7,453
Other financial assets	6,856	6,972
Total	58,602	77,344
Financial instruments at FVOCI:		168
Financial assets at fair value through other comprehensive income		168
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:	51,317	69,723
Other financial assets	208	200
Debt instruments at amortized cost	207
Temporary cash investments (Note 28)	13,291	30,711
Short-term investments	1,986	508
Retail subscribers	15,676	17,142
Corporate subscribers	13,079	13,318
Foreign administrations	1,341	1,520
Domestic carriers	241	226
Dealers, agents and others	5,288	6,098
1-3 years [Member] | Financial Asset [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Total	2,898	3,439
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:	2,898	3,439
Other financial assets	2,798	2,286
Debt instruments at amortized cost	100	1,153
3-5 years [Member] | Financial Asset [Member]
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk [Line Items]
Total	430	732
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:	430	732
Other financial assets	430	732
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:	339	380
Financial assets at fair value through profit or loss	339	380
Total	1,122	851
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:	783	471
Other financial assets	483	₱ 471
Debt instruments at amortized cost	₱ 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, 2021	Dec. 31, 2020
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Debt(1):	₱ 331,933	₱ 292,639
Principal	255,414	224,027
Interest	76,519	68,612
Lease obligations	30,770	29,312
Trade and other payables undiscounted cash flows	7,913	169,808
Total contractual obligations	542,187	491,759
Suppliers and contractors liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	179,484	76,864
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	86,203	64,580
Employee benefits liability [member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	62,989	10,404
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	9,090	7,849
Customers deposits liability [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	7,842	2,371
Dividends Payable [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	2,270	1,194
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	1,708	1,336
Others [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	1,469	5,210
Less than 1 year [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Debt(1):	7,681	12,562
Principal	7,649	12,400
Interest	32	162
Lease obligations	11,609	10,995
Trade and other payables undiscounted cash flows	7,816	165,750
Total contractual obligations	196,106	189,307
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	176,816	75,322
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	85,903	64,577
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	62,988	10,404
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	9,090	7,849
Less than 1 year [Member] | Customers deposits liability [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		1,194
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	1,708	1,336
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	1,469	5,068
1-3 years [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Debt(1):	77,865	74,960
Principal	48,404	47,753
Interest	29,461	27,207
Lease obligations	9,004	8,897
Trade and other payables undiscounted cash flows	97	2,010
Total contractual obligations	87,536	85,867
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	667	1,535
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	292	3
1-3 years [Member] | Employee benefits liability [member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	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		330
1-3 years [Member] | Dividends Payable [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	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		142
3-5 years [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Debt(1):	53,026	51,659
Principal	37,552	37,785
Interest	15,474	13,874
Lease obligations	4,523	5,068
Trade and other payables undiscounted cash flows		36
Total contractual obligations	57,603	56,763
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	54	7
3-5 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	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
3-5 years [Member] | Dividends Payable [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	46
Later than five years [member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Debt(1):	193,361	153,458
Principal	161,809	126,089
Interest	31,552	27,369
Lease obligations	5,634	4,352
Trade and other payables undiscounted cash flows		2,012
Total contractual obligations	200,942	159,822
Later than five 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	1,947
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		₱ 2,012
Later than five years [member] | Dividends Payable [Member]
Disclosure Of Maturity Analysis For Nonderivative And Derivative Financial Liabilities [Line Items]
Trade and other payables undiscounted cash flows	₱ 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, 2021	Dec. 31, 2020
Disclosure Of Operating Lease By Lessee [Line Items]
Future minimum lease commitments payable with non-cancellable operating leases	₱ 30,770	₱ 29,312
Within 12 months [Member]
Disclosure Of Operating Lease By Lessee [Line Items]
Future minimum lease commitments payable with non-cancellable operating leases	11,609	11,061
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	13,527	13,899
More than five years [Member]
Disclosure Of Operating Lease By Lessee [Line Items]
Future minimum lease commitments payable with non-cancellable operating leases	₱ 5,634	₱ 4,352

Financial Assets and Liabili_17

Financial Assets and Liabilities - Summary of Impact of Hedging Instruments (Detail) ₱ in Millions	12 Months Ended
	Dec. 31, 2021PHP (₱)USD ($)	Dec. 31, 2020PHP (₱)USD ($)
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Notional Amount | $	11,000,000	40,000,000
Carrying Amount	₱ (5)	₱ (26)
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	₱ 22
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)	₱ (44)
Line item in our Consolidated Statements of Financial Position	Current portion of derivative financial liabilities	Current portion of derivative financial liabilities
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		₱ (4)
Line item in our Consolidated Statements of Financial Position		Derivative financial liabilities – net of current portion
Interest Rate Swap1
Disclosure Of Information About Terms And Conditions Of Hedging Instruments And How They Affect Future Cash Flows [Line Items]
Notional Amount | $	11,000,000	40,000,000
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	224
Carrying Amount	₱ (39)	₱ (404)
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	24
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] | 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	₱ (14)
Line item in our Consolidated Statements of Financial Position	Current portion of derivative financial assets	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]
Notional Amount | $		200
Carrying Amount	₱ (2)	₱ (342)
Line item in our Consolidated Statements of Financial Position	Current portion of derivative financial liabilities	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 | $	389
Carrying Amount	₱ 48
Line item in our Consolidated Statements of Financial Position	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	₱ (100)	₱ (48)
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) - Interest rate risk [member] - PHP (₱) ₱ in Millions	Dec. 31, 2021	Dec. 31, 2020
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	₱ (1,303)	₱ (745)
Cost of hedging reserve	77	70
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	(438)	(19)
Cost of hedging reserve	4	15
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)	(273)
Hundred 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)	(11)
Two Hundred 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)	(47)
Cost of hedging reserve	2	6
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	(1,011)	(414)
Cost of hedging reserve	75	64
Two Hundred 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		(1)
Hundred 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)	(18)
Cost of hedging reserve		₱ 15
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	(429)
Cost of hedging reserve	₱ 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, 2021	Dec. 31, 2020
Disclosure Of Hedge Accounting [Line Items]
Total hedging loss recognized in OCI	₱ (1,741)	₱ (764)
Long Term Currency Swaps
Disclosure Of Hedge Accounting [Line Items]
Total hedging loss recognized in OCI	₱ (301)	₱ (350)
Line item in our Consolidated Statements of Financial Position	Other comprehensive loss	Other comprehensive loss
Long Term Foreign Currency Options
Disclosure Of Hedge Accounting [Line Items]
Total hedging loss recognized in OCI	₱ (1,440)	₱ (414)
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, 2021PHP (₱)	Dec. 31, 2021USD ($)	Dec. 31, 2020PHP (₱)	Dec. 31, 2020USD ($)
Noncurrent Financial Assets
Derivative financial assets – net of current portion	₱ 48
Current portion of other non-financial assets	575		₱ 256
Total	3,067		3,724
Current Financial Assets
Current portion of derivative financial assets (Note 28)	93		22
Current portion of debt instruments at amortized cost (Note 13)	207
Current portion of other financial assets (Notes 20 and 28)	7,064		7,172
Total assets	59,188		75,089
Noncurrent Financial Liabilities
Interest-bearing financial liabilities – net of current portion (Notes 21 and 28)	241,075		205,195
Derivative financial liabilities – net of current portion (Note 28)	100		360
Total	244,568		217,291
Current Financial Liabilities
Current portion of interest-bearing financial liabilities	11,482		17,570
Current portion of derivative financial liabilities (Note 28)	115		176
Total liabilities	461,012		415,474
Foreign currency denominated monetary financial assets [Member]
Noncurrent Financial Assets
Debt instruments at amortized cost			1,153	$ 24
Derivative financial assets – net of current portion	48	$ 1
Current portion of other non-financial assets	19		7
Total	67	1	1,160	24
Current Financial Assets
Cash and cash equivalents	7,466	146	16,251	338
Short-term investments	254	5	480	10
Trade and other receivables – net	7,218	142	6,290	131
Current portion of derivative financial assets (Note 28)	93	2	22	1
Current portion of debt instruments at amortized cost (Note 13)	207	4
Current portion of other financial assets (Notes 20 and 28)			12
Total current financial assets	15,238	299	23,055	480
Total assets	15,305	300	24,215	504
Noncurrent Financial Liabilities
Interest-bearing financial liabilities – net of current portion (Notes 21 and 28)	38,648	758	38,530	802
Derivative financial liabilities – net of current portion (Note 28)	100	2	360	7
Other noncurrent liabilities	23		22	1
Total	38,771	760	38,912	810
Current Financial Liabilities
Accounts payable	58,599	1,150	32,201	670
Accrued expenses and other current liabilities	12,164	239	12,135	253
Current portion of interest-bearing financial liabilities	2,252	44	2,842	59
Current portion of derivative financial liabilities (Note 28)	115	2	176	4
Total current financial liabilities	73,130	1,435	47,354	986
Total liabilities	₱ 111,901	$ 2,195	₱ 86,266	$ 1,796

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
	Dec. 31, 2021PHP (₱)	Dec. 31, 2021USD ($)	Dec. 31, 2020PHP (₱)	Dec. 31, 2020USD ($)
Disclosure Of Pre Tax Exposure To Foreign Currency Exchange Risk On Financial Instruments [Line Items]
Exchange rate	50.97	1
Foreign currency exchange risk [Member]
Disclosure Of Pre Tax Exposure To Foreign Currency Exchange Risk On Financial Instruments [Line Items]
Exchange rate	50.97	1	48.02	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, 2021	Dec. 31, 2020
Disclosure Of Hedge Accounting [Line Items]
Total hedging loss recognized in OCI	₱ (1)	₱ (24)
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, 2021PHP (₱)	Dec. 31, 2020PHP (₱)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	₱ 59,188	₱ 75,089
U.S. Dollar Notes | ₱	461,012	415,474
Fair Value [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	7,591	8,023
U.S. Dollar Notes | ₱	8,057	8,385
Costs [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	73,809	91,914
Interest rate risk [member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes	191	540	$ 4	$ 11
Interest rate risk [member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes	₱ 132,285	₱ 161,597	2,595	3,365
Interest rate risk [member] | Philippine Peso [Member] | Bottom of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Borrowings, interest rate basis	0	0
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	₱ 1,153	4	24
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	400		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	152	2,337	3	49
Interest rate risk [member] | Cash In Bank | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	5,068	4,940	99	103
Interest rate risk [member] | Temporary Cash Investments | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	2,676	12,222	53	254
Interest rate risk [member] | Temporary Cash Investments | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	10,615	18,490	208	385
Interest rate risk [member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	21,104	40,131	414	836
Interest rate risk [member] | Short Term Investments1 | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		480		10
Interest rate risk [member] | Short Term Investments1 | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	1,986	509	39	11
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]
U.S. Dollar Notes	₱ 255,414	₱ 224,027	5,010	4,665
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]
U.S. Dollar Notes			$ 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]
U.S. Dollar Notes			$ 120	258
Borrowings, interest rate basis		5.2250
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]
Borrowings, interest rate basis	4.5500
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]
Borrowings, interest rate basis	5.4000
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	2.00%
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			3	49
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%	0.01%
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	0.50%	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			99	103
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	1.00%	2.50%
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			53	254
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	0.05%	0.02%
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	0.20%	2.50%
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			208	385
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	0.20%	0.32%
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	1.99%	1.60%
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			406	812
Interest rate risk [member] | Less than 1 year [Member] | Short Term Investments1 | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets				10
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			39	11
Interest rate		2.00%
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	1.99%
Interest rate risk [member] | Less than 1 year [Member] | Total Assets Excluding Short Term Investments [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes			150	258
Interest rate risk [member] | 1-2 years [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes				$ 11
Interest rate		2.885%		2.885%
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]
U.S. Dollar Notes			519	$ 313
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]
Borrowings, interest rate basis	3.9000	3.9000
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]
Borrowings, interest rate basis	6.3457	6.7339
Interest rate risk [member] | 1-2 years [Member] | Debt Instruments at Amortized Cost [Member] | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets				24
Interest rate risk [member] | 1-2 years [Member] | Debt Instruments at Amortized Cost [Member] | U.S. Dollars [Member] | Bottom of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate		0.8962%
Interest rate risk [member] | 1-2 years [Member] | Debt Instruments at Amortized Cost [Member] | U.S. Dollars [Member] | Top of range [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Interest rate		2.00%
Interest rate risk [member] | 1-2 years [Member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets				24
Interest rate risk [member] | 1-2 years [Member] | Total Assets Excluding Short Term Investments [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes			631	426
Interest rate risk [member] | 2024 | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes			185	525
Interest rate risk [member] | 2024 | Philippine Peso [Member] | Bottom of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Borrowings, interest rate basis	4.0000	3.9000
Interest rate risk [member] | 2024 | Philippine Peso [Member] | Top of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Borrowings, interest rate basis	6.3457	6.7339
Interest rate risk [member] | 2024 | Debt Instruments at Amortized Cost [Member] | Philippine Peso [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			2
Interest rate	2.375%
Interest rate risk [member] | 2024 | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			2
Interest rate risk [member] | 2024 | Total Assets Excluding Short Term Investments [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes			319	568
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]
U.S. Dollar Notes			649	657
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]
Borrowings, interest rate basis	4.0000	3.9500
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]
Borrowings, interest rate basis	6.3457	6.7339
Interest rate risk [member] | 3-5 years [Member] | Total Assets Excluding Short Term Investments [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes			736	787
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]
U.S. Dollar Notes			1,122	1,612
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]
Borrowings, interest rate basis	4.2588	4.2500
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]
Borrowings, interest rate basis	6.3457	6.7339
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			6
Interest rate	4.625%
Interest rate risk [member] | Later than five years [member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets			6
Interest rate risk [member] | Later than five years [member] | Total Assets Excluding Short Term Investments [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes			3,174	2,626
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]
U.S. Dollar Notes	₱ 82,025	₱ 20,855	1,609	434
Borrowings, interest rate basis	0	0
Interest rate risk [member] | Floating Interest Rate [Member] | Less than 1 year [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Borrowings, interest rate basis	0	0
Interest rate risk [member] | 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]
U.S. Dollar Notes			59	9
Borrowings, interest rate basis	0.5000% to 0.9000% over PHP BVAL/ 0.2500% over TDF  (floor rate 3.9000% to 4.5000%)	0.5000% to 0.7500% over PHP BVAL (floor rate 4.5000%)
Interest rate risk [member] | Floating Interest Rate [Member] | 2024 | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes			95	4
Borrowings, interest rate basis	0.5000% to 0.9000% over PHP BVAL/ 0.2500% over TDF  (floor rate 3.9000% to 4.5000%)	0.5000% to 0.7500% over PHP BVAL (floor rate 4.5000%)
Interest rate risk [member] | 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]
U.S. Dollar Notes			59	77
Borrowings, interest rate basis	0.6000% to 0.9000% over PHP BVAL/ 0.2500% over TDF (floor rate 3.9000% to 4.5000%)	0.5000% to 0.7500% over PHP BVAL (floor rate 4.5000%)
Interest rate risk [member] | 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]
U.S. Dollar Notes			1,396	344
Borrowings, interest rate basis	0.6000% to 0.9000% over PHP BVAL/ 0.2500% over TDF  (floor rate 3.9000% to  4.5000%)	0.6000% to 0.7500% over PHP BVAL (floor rate 4.5000%)
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]
U.S. Dollar Notes	₱ 193	₱ 545	4	11
Interest rate risk [member] | Fair Value [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes	₱ 131,039	₱ 167,520	2,571	3,489
Interest rate risk [member] | Fair Value [Member] | Philippine Peso [Member] | Bottom of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Borrowings, interest rate basis	0	0
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	₱ 1,163	4	24
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	403		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	152	2,337	3	49
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	5,068	4,940	99	103
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	2,676	12,222	53	254
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	10,615	18,490	208	385
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	40,141	414	836
Interest rate risk [member] | Fair Value [Member] | Short Term Investments1 | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		480		10
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	1,986	509	39	11
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]
U.S. Dollar Notes	254,027	231,478	4,983	4,821
Interest rate risk [member] | Fair Value [Member] | Floating Interest Rate [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes	₱ 82,025	₱ 20,855	1,609	434
Borrowings, interest rate basis	0	0
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]
U.S. Dollar Notes	₱ 30,584	₱ 28,813	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]
U.S. Dollar Notes			$ 600	$ 600
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%	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]
U.S. Dollar Notes	₱ 30,441	₱ 30,336	$ 597	$ 632
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]
U.S. Dollar Notes	₱ 10,329	₱ 12,222	202	255
Borrowings, interest rate basis	0	0
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]
U.S. Dollar Notes			26
Borrowings, interest rate basis	0.7900% to 0.9500% over LIBOR	0
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]
U.S. Dollar Notes			53	93
Borrowings, interest rate basis	1.0500% over LIBOR	0.7900% to 1.0500% over LIBOR
Interest rate risk [member] | U S Dollar Debts | Floating Interest Rate [Member] | 2024 | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes			39	39
Borrowings, interest rate basis	1.0500% over LIBOR	1.0500% over LIBOR
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]
U.S. Dollar Notes			28	53
Borrowings, interest rate basis	1.0500% over LIBOR	1.0500% over LIBOR
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]
U.S. Dollar Notes			56	70
Borrowings, interest rate basis	1.0500% over LIBOR	1.0500% over LIBOR
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]
U.S. Dollar Notes	₱ 10,329	₱ 12,222	$ 202	$ 255
Borrowings, interest rate basis	0	0
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]
U.S. Dollar Notes | ₱	₱ 1,056	₱ 532
Interest rate risk [member] | Debt Issuance ​Cost [​Member] | Philippine Peso [Member] | Bottom of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Borrowings, interest rate basis	0	0
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]
U.S. Dollar Notes | ₱	₱ 2,857	₱ 1,262
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]
U.S. Dollar Notes | ₱	₱ 1,136	₱ 27
Borrowings, interest rate basis	0	0
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]
U.S. Dollar Notes | ₱	₱ 613	₱ 634
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]
U.S. Dollar Notes | ₱	₱ 52	₱ 69
Borrowings, interest rate basis	0	0
Interest rate risk [member] | Costs [Member] | U.S. Dollars [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes | ₱	₱ 191	₱ 540
Interest rate risk [member] | Costs [Member] | Philippine Peso [Member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
U.S. Dollar Notes | ₱	₱ 131,229	₱ 161,065
Interest rate risk [member] | Costs [Member] | Philippine Peso [Member] | Bottom of range [member] | Long Term Debt1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Borrowings, interest rate basis	0	0
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	₱ 1,153
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 | ₱	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 | ₱	152	2,337
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 | ₱	5,068	4,940
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 | ₱	2,676	12,222
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 | ₱	10,615	18,490
Interest rate risk [member] | Costs [Member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱	21,104	40,131
Interest rate risk [member] | Costs [Member] | Short Term Investments1 | U.S. Dollars [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets | ₱		480
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 | ₱	1,986	509
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]
U.S. Dollar Notes | ₱	252,557	222,765
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]
U.S. Dollar Notes | ₱	₱ 80,889	₱ 20,828
Borrowings, interest rate basis	0	0
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]
U.S. Dollar Notes | ₱	₱ 29,971	₱ 28,179
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]
U.S. Dollar Notes | ₱	₱ 10,277	₱ 12,153
Borrowings, interest rate basis	0	0

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, 2021	Dec. 31, 2020
Disclosure Of Financial Assets [Line Items]
Financial assets at fair value through profit or loss	₱ 339	₱ 380
Total assets	59,188	75,089
Credit risk [member]
Disclosure Of Financial Assets [Line Items]
Total assets	480	402
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	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	₱ 22

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, 2021	Dec. 31, 2020
Disclosure Of Reconciliation Of Changes In Loss Allowance And Explanation Of Changes In Gross Carrying Amount For Financial Instruments [Line Items]
Less allowance	₱ 14,447	₱ 16,825
Carrying amount	51,597	67,234
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	66,044	84,059
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	38,431	52,857
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	4,672	5,006
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	8,494	9,371
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	14,447	16,825
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	612	574
Carrying amount	29,807	45,181
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	30,419	45,755
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	29,251	44,618
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	556	563
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	612	574
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	3,038	3,960
Carrying amount	21,790	22,053
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	24,828	26,013
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	9,180	8,239
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	4,116	4,443
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	8,494	9,371
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	3,038	3,960
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	10,797	12,291
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	10,797	12,291
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	₱ 10,797	₱ 12,291

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, 2021	Dec. 31, 2020
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	₱ 58,675	₱ 74,561
Collateral and Other Credit Enhancements*	513	528
Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	59,188	75,089
Financial assets at amortised cost, category [member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	51,084	66,538
Collateral and Other Credit Enhancements*	513	528
Financial assets at amortised cost, category [member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	51,597	67,066
Financial assets at amortised cost, category [member] | Other Financial Assets [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	3,307	3,115
Financial assets at amortised cost, category [member] | Other Financial Assets [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	3,307	3,115
Financial assets at amortised cost, category [member] | Debt Instruments at Amortized Cost [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	607	1,153
Financial assets at amortised cost, category [member] | Debt Instruments at Amortized Cost [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	607	1,153
Financial assets at amortised cost, category [member] | Cash and Cash Equivalent [member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	23,780	40,064
Collateral and Other Credit Enhancements*	127	173
Financial assets at amortised cost, category [member] | Cash and Cash Equivalent [member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	23,907	40,237
Financial assets at amortised cost, category [member] | Short Term Investments1
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	1,986	508
Financial assets at amortised cost, category [member] | Short Term Investments1 | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	1,986	508
Financial assets at amortised cost, category [member] | Corporate subscribers [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	7,992	8,123
Collateral and Other Credit Enhancements*	379	337
Financial assets at amortised cost, category [member] | Corporate subscribers [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	8,371	8,460
Financial assets at amortised cost, category [member] | Retail subscribers [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	7,630	7,134
Collateral and Other Credit Enhancements*	7	18
Financial assets at amortised cost, category [member] | Retail subscribers [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	7,637	7,152
Financial assets at amortised cost, category [member] | Foreign administrations [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	1,220	1,284
Financial assets at amortised cost, category [member] | Foreign administrations [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	1,220	1,284
Financial assets at amortised cost, category [member] | Domestic carriers [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	227	165
Financial assets at amortised cost, category [member] | Domestic carriers [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	227	165
Financial assets at amortised cost, category [member] | Dealers agents and others [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	4,335	4,992
Financial assets at amortised cost, category [member] | Dealers agents and others [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	4,335	4,992
financial assets at FVPL [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	7,591	7,855
financial assets at FVPL [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	7,591	7,855
financial assets at FVPL [Member] | Other Financial Assets [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	6,856	6,972
financial assets at FVPL [Member] | Other Financial Assets [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	6,856	6,972
financial assets at FVPL [Member] | Short Term Investments1
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	255	481
financial assets at FVPL [Member] | Short Term Investments1 | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	255	481
financial assets at FVPL [Member] | Financial Assets at FVPL
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	339	380
financial assets at FVPL [Member] | Financial Assets at FVPL | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	339	380
financial assets at FVPL [Member] | Interest Rate Swap Contract [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	93	22
financial assets at FVPL [Member] | Interest Rate Swap Contract [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	93	22
financial assets at FVPL [Member] | Long Term Currency Swap Contract
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	48
financial assets at FVPL [Member] | Long Term Currency Swap Contract | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure	₱ 48
Fair value changes of financial instrument at FVOCI [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure		168
Fair value changes of financial instrument at FVOCI [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure		168
Fair value changes of financial instrument at FVOCI [Member] | Financial Instruments at FVOCI [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure		168
Fair value changes of financial instrument at FVOCI [Member] | Financial Instruments at FVOCI [Member] | Costs [Member]
Disclosure Of Credit Risk Exposure [Line Items]
Maximum Exposure		₱ 168

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, 2021	Dec. 31, 2020
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	₱ 59,188	₱ 75,089
Financial Assets Neither Past Due Nor Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	50,694	65,718
Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	14,621	16,825
Costs [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	73,809	91,914
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	45,898	60,598
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	4,796	5,120
Costs [Member] | Financial assets past due but not impaired [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	8,494	9,371
Costs [Member] | Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	14,621	16,825
Costs [Member] | Financial assets at amortised cost, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	66,044	83,891
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	3,919	3,689
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	607	1,153
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	23,907	40,237
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	1,986	508
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	15,676	17,142
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	13,079	13,318
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	1,341	1,520
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	241	226
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	5,288	6,098
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	38,431	52,689
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	4,672	5,006
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Other Financial Assets [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	3,020	2,833
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Other Financial Assets [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	287	282
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Debt Instruments at Amortized Cost [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	607	1,153
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Cash and Cash Equivalent [member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	23,638	39,956
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Cash and Cash Equivalent [member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	269	281
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Short Term Investments1 | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	1,986	508
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Retail subscribers [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	5,411	3,263
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Retail subscribers [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	297	2,348
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Corporate subscribers [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	2,650	3,358
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Corporate subscribers [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	1,044	228
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Foreign administrations [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	193	246
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Foreign administrations [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	486	567
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Domestic carriers [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	78	14
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Domestic carriers [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	46	38
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Dealers agents and others [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	848	1,358
Costs [Member] | Financial assets at amortised cost, category [member] | Financial Assets Neither Past Due Nor Impaired [Member] | Dealers agents and others [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	2,243	1,262
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	8,494	9,371
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	1,929	1,541
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	4,677	4,874
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	541	471
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	103	113
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	1,244	2,372
Costs [Member] | Financial assets at amortised cost, category [member] | Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	14,447	16,825
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	612	574
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	8,039	9,990
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	4,708	4,858
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	121	236
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	14	61
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	953	1,106
Costs [Member] | financial assets at FVPL [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	7,765	7,855
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	6,972
Costs [Member] | financial assets at FVPL [Member] | Short Term Investments1
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	429	481
Costs [Member] | financial assets at FVPL [Member] | Financial Assets at FVPL
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	339	380
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	93	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	48
Costs [Member] | financial assets at FVPL [Member] | Financial Assets Neither Past Due Nor Impaired [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	7,467	7,741
Costs [Member] | financial assets at FVPL [Member] | Financial Assets Neither Past Due Nor Impaired [Member] | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	124	114
Costs [Member] | financial assets at FVPL [Member] | Financial Assets Neither Past Due Nor Impaired [Member] | Other Financial Assets [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	6,856	6,972
Costs [Member] | financial assets at FVPL [Member] | Financial Assets Neither Past Due Nor Impaired [Member] | Short Term Investments1 | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	255	481
Costs [Member] | financial assets at FVPL [Member] | Financial Assets Neither Past Due Nor Impaired [Member] | Financial Assets at FVPL | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	215	266
Costs [Member] | financial assets at FVPL [Member] | Financial Assets Neither Past Due Nor Impaired [Member] | Financial Assets at FVPL | Class B
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	124	114
Costs [Member] | financial assets at FVPL [Member] | Financial Assets Neither Past Due Nor Impaired [Member] | Interest Rate Swap Contract [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	93	22
Costs [Member] | financial assets at FVPL [Member] | Financial Assets Neither Past Due Nor Impaired [Member] | Long Term Currency Swap Contract | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	48
Costs [Member] | financial assets at FVPL [Member] | Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets	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
Costs [Member] | Financial Instruments at FVOCI [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		168
Costs [Member] | Financial Instruments at FVOCI [Member] | Financial Assets Neither Past Due Nor Impaired [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		168
Costs [Member] | Fair value changes of financial instrument at FVOCI [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		168
Costs [Member] | Fair value changes of financial instrument at FVOCI [Member] | Financial Assets Neither Past Due Nor Impaired [Member] | Class A
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Total assets		₱ 168

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, 2021	Dec. 31, 2020
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	₱ 59,188	₱ 75,089
Financial assets at amortised cost, category [member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	51,597	67,066
Fair value changes of financial instrument at FVOCI [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		168
Costs [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	73,809	91,914
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:	66,044	83,891
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:	3,919	3,689
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:	607	1,153
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:	23,907	40,237
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:	1,986	508
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:	15,676	17,142
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:	13,079	13,318
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:	1,341	1,520
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:	241	226
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:	5,288	6,098
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:	7,765	7,855
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	6,972
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:	339	380
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:	429	481
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:	93	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:	48
Costs [Member] | Financial Instruments at FVOCI [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		168
Costs [Member] | Fair value changes of financial instrument at FVOCI [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		168
Financial Assets Neither Past Due Nor Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	50,694	65,718
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:	43,103	57,695
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:	3,307	3,115
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:	607	1,153
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:	23,907	40,237
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:	1,986	508
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:	5,708	5,611
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:	3,694	3,586
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:	679	813
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:	124	52
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:	3,091	2,620
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:	7,591	7,855
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	6,972
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:	339	380
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:	255	481
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:	93	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:	48
Financial Assets Neither Past Due Nor Impaired [Member] | Financial Instruments at FVOCI [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		168
Financial Assets Neither Past Due Nor Impaired [Member] | Fair value changes of financial instrument at FVOCI [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:		168
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:	8,494	9,371
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:	4,200	3,090
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:	4,200	3,090
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:	1,484	884
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:	2,420	1,606
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:	119	144
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:	47	31
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:	130	425
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:	1,278	1,139
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:	1,278	1,139
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:	171	348
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:	926	559
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:	55	70
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:	17	10
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:	109	152
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:	3,016	5,142
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:	3,016	5,142
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:	274	309
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:	1,331	2,709
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:	367	257
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:	39	72
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:	1,005	1,795
Impaired [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	14,621	16,825
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:	14,447	16,825
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:	612	574
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:	8,039	9,990
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:	4,708	4,858
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:	121	236
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:	14	61
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:	953	1,106
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
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
Impaired [Member] | Costs [Member]
Disclosure Of Risk Management Strategy Related To Hedge Accounting [Line Items]
Financial instruments at amortized cost:	₱ 14,621	₱ 16,825

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, 2021	Dec. 31, 2020
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Beginning balance	₱ 246,392	₱ 212,099
Cash flows		699
Foreign exchange movement		(1,917)
Others		35,511
Ending balance		246,392
Interest-bearing financial liabilities [Member]
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Beginning balance	222,765	192,556
Cash flows	28,538	31,979
Foreign exchange movement	2,440	(1,917)
Others	(1,186)	147
Ending balance	252,557	222,765
Lease liabilities [Member]
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Beginning balance	20,025	16,315
Cash flows	(6,547)	(5,781)
Others	8,208	9,491
Ending balance	21,686	20,025
Derivative Financial Labilities [Member]
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Beginning balance	536	113
Cash flows	(25)	(430)
Others	(296)	853
Ending balance	215	536
Accrued interests and other related costs [Member]
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Beginning balance	1,872	1,531
Cash flows	(8,922)	(8,348)
Others	8,833	8,689
Ending balance	1,783	1,872
Dividends Payable [Member]
Disclosure Of Reconciliation Of Liabilities Arising From Financing Activities [Line Items]
Beginning balance	1,194	1,584
Cash flows	(17,712)	(16,721)
Others	18,226	16,331
Ending balance	₱ 1,708	₱ 1,194

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, 2021	Dec. 31, 2020
Noncash Investing Activities [Abstract]
Acquisition of property and equipment on account	₱ 23,522	₱ 9,992
Non-cash additions to ROU assets	7,314	9,335
Capitalization to property and equipment of:
Inventories	5,989	3,934
Borrowing costs (Notes 5 and 9)	1,582	1,597
Foreign exchange differences – net (Note 9)	29
Fair value adjustments of property and equipment		18
Non-cash investing activities	₱ 38,436	₱ 24,876

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, 2021	Dec. 31, 2020
Noncash Investing Activities [Abstract]
Additions to lease liabilities (Note 10)	₱ 7,314	₱ 11,122