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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Sales $ 6,855 $ 7,000 $ 19,971 $ 21,148
Cost of sales, exclusive of depreciation and amortization 3,835 4,061 11,297 12,457
Selling, general and administrative 770 850 2,391 2,613
Depreciation and amortization 1,168 1,095 3,434 3,513
Research and development 36 44 114 135
Cost reduction programs and other charges 48 125 428 355
Net gain on sale of businesses 0 164 0 164
Other income (expense) - net (29) 11 (14) 39
Operating Profit 969 1,000 2,293 2,278
Interest expense - net 38 (3) 80 30
Net pension and OPEB cost (benefit), excluding service cost (41) 2 (131) (7)
Income From Continuing Operations Before Income Taxes and Equity Investments 972 1,001 2,344 2,255
Income taxes on continuing operations 265 298 594 607
Income From Continuing Operations Before Equity Investments 707 703 1,750 1,648
Income from equity investments 23 28 69 90
Income From Continuing Operations (Including Noncontrolling Interests) 730 731 1,819 1,738
Income from discontinued operations, net of tax 1 7 3 105
Net Income (Including Noncontrolling Interests) 731 738 1,822 1,843
Less: noncontrolling interests from continuing operations (31) (3) (91) (62)
Less: noncontrolling interest from discontinued operations 0 0 0 (7)
Net Income – Linde plc 700 735 1,731 1,774
Income from continuing operations 699 728 1,728 1,676
Income from discontinued operations $ 1 $ 7 $ 3 $ 98
Per Share Data – Linde plc Shareholders        
Basic earnings per share from continuing operations (in dollars per share) $ 1.33 $ 1.35 $ 3.28 $ 3.09
Basic earnings per share from discontinued operations (in dollars per share) 0 0.01 0.01 0.18
Basic earnings per share (in dollars per share) 1.33 1.36 3.29 3.27
Diluted earnings per share from continuing operations (in dollars per share) 1.32 1.34 3.25 3.07
Diluted earnings per share from discontinued operations (in dollars per share) 0 0.01 0.01 0.18
Diluted earnings per share (in dollars per share) $ 1.32 $ 1.35 $ 3.26 $ 3.25
Weighted Average Shares Outstanding (000’s):        
Basic shares outstanding (in shares) 525,694,000 539,753,000 527,501,000 542,589,000
Diluted shares outstanding (in shares) 530,415,000 543,616,000 531,724,000 546,507,000