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Debt | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Debt | Debt The following is a summary of Linde's outstanding debt at September 30, 2020 and December 31, 2019:
(Millions of dollars) | September 30, 2020 |  | December 31, 2019
SHORT-TERM |  |  |
Commercial paper and U.S. bank borrowings | $ | 3,230 |  |  | $ | 996 |
Other bank borrowings (primarily international) | 794 |  |  | 736 |
Total short-term debt | 4,024 |  |  | 1,732 |
LONG-TERM (a) |  |  |
(U.S. dollar denominated unless otherwise noted) |  |  |
2.25% Notes due 2020 (e) | — |  |  | 300 |
1.75% Euro denominated notes due 2020 (e),(b) | — |  |  | 1,137 |
0.634% Euro denominated notes due 2020 | 59 |  | 56 |
4.05% Notes due 2021 | 500 |  |  | 499 |
3.875% Euro denominated notes due 2021 (b) | 723 |  |  | 711 |
3.00% Notes due 2021 | 499 |  |  | 499 |
0.250% Euro denominated notes due 2022 (b) | 1,178 |  |  | 1,129 |
2.45% Notes due 2022 | 599 |  |  | 599 |
2.20% Notes due 2022 | 499 |  |  | 499 |
2.70% Notes due 2023 | 499 |  |  | 499 |
2.00% Euro denominated notes due 2023 (b) | 802 |  |  | 776 |
5.875% GBP denominated notes due 2023 (b) | 437 |  |  | 456 |
1.20% Euro denominated notes due 2024 | 643 |  |  | 615 |
1.875% Euro denominated notes due 2024 (b) | 375 |  |  | 361 |
2.65% Notes due 2025 | 398 |  |  | 398 |
1.625% Euro denominated notes due 2025 | 582 |  |  | 556 |
3.20% Notes due 2026 | 725 |  |  | 725 |
3.434% Notes due 2026 | 196 |  |  | 196 |
1.652% Euro denominated notes due 2027 | 97 |  |  | 93 |
0.250% Euro denominated notes due 2027 (c) | 877 |  |  | — |
1.00% Euro denominated notes due 2028 (b) | 927 |  |  | 872 |
1.10% Notes due 2030 (d) | 695 |  |  | — |
1.90% Euro denominated notes due 2030 | 122 |  |  | 118 |
0.550% Euro denominated notes due 2032 (c) | 872 |  |  | — |
3.55% Notes due 2042 | 664 |  |  | 662 |
2.00% Notes due 2050 (d) | 296 |  |  | — |
Other | 10 |  |  | 10 |
International bank borrowings | 355 |  |  | 309 |
Obligations under finance leases | 150 |  |  | 149 |
| 13,779 |  |  | 12,224 |
Less: current portion of long-term debt | (1,820) |  |  | (1,531) |
Total long-term debt | 11,959 |  |  | 10,693 |
Total debt | $ | 17,803 |  |  | $ | 13,956 |
(a)Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable. (b)September 30, 2020 and December 31, 2019 included a cumulative $22 million and $38 million adjustment to carrying value, respectively, related to hedge accounting of interest rate swaps. Refer to Note 5 for additional information. (c)In May 2020, Linde issued €750 million of 0.250% notes due 2027 and €750 million of 0.550% notes due 2032. (d)In August 2020, Linde issued $700 million of 1.100% notes due 2030 and $300 million of 2.000% notes due 2050. (e)In September 2020, the company repaid €1,000 million of 1.75% notes and $300 million of 2.25% notes that became due. The company maintains a $5 billion unsecured revolving credit agreement with a syndicate of banking institutions that expires March 26, 2024. There are no financial maintenance covenants contained within the credit agreement. No borrowings were outstanding under the credit agreement as of September 30, 2020.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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