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Equity (Tables)

9 Months Ended

Sep. 30, 2020

Equity And Noncontrolling Interests Disclosure [Abstract]

Summary of Changes in Total Equity

A summary of the changes in total equity for the quarter and nine months ended September 30, 2020 and 2019 is provided below:

			Quarter Ended September 30,
(Millions of dollars)			2020																		2019
Activity			Linde plc Shareholders’ Equity						Noncontrolling Interests						Total Equity						Linde plc Shareholders’ Equity						Noncontrolling Interests						Total Equity
Balance, beginning of period			$	45,537					$	2,387					$	47,924					$	50,564					$	2,315					$	52,879
Net income (b)			700						31						731						735						2						737
Other comprehensive income (loss)			648						40						688						(1,223)						(50)						(1,273)
Noncontrolling interests:
Additions (reductions)			—						11						11						—						113						113
Dividends and other capital changes			—						(65)						(65)						—						(39)						(39)
Dividends to Linde plc ordinary share holders ($0.963 per share in 2020 and $0.875 per share in 2019)			(506)						—						(506)						(471)						—						(471)
Issuances of common stock:
For employee savings and incentive plans			(20)						—						(20)						5						—						5
Purchases of common stock			(213)						—						(213)						(683)						—						(683)
Share-based compensation			29						—						29						26						—						26
Balance, end of period			$	46,175					$	2,404					$	48,579					$	48,953					$	2,341					$	51,294

			Nine Months Ended September 30,
(Millions of dollars)			2020																		2019
Activity			Linde plc Shareholders’ Equity						Noncontrolling Interests						Total Equity						Linde plc Shareholders’ Equity						Noncontrolling Interests (a)						Total Equity
Balance, beginning of period (a)			$	49,074					$	2,448					$	51,522					$	51,596					$	5,484					$	57,080
Net income (b)			1,731						91						1,822						1,774						67						1,841
Other comprehensive income (loss)			(1,159)						(48)						(1,207)						(1,144)						(138)						(1,282)
Noncontrolling interests:
Additions (reductions)			—						26						26						—						(2,953)						(2,953)
Dividends and other capital changes			—						(113)						(113)						—						(119)						(119)
Dividends to Linde plc ordinary share holders ($2.889 per share in 2020 and $2.625 per share in 2019)			(1,523)						—						(1,523)						(1,422)						—						(1,422)
Issuances of common stock:
For employee savings and incentive plans			(28)						—						(28)						(2)						—						(2)
Purchases of common stock			(2,024)						—						(2,024)						(1,913)						—						(1,913)
Share-based compensation			104						—						104						64						—						64
Balance, end of period			$	46,175					$	2,404					$	48,579					$	48,953					$	2,341					$	51,294

(a) As of the beginning of the nine months ended September 30, 2019, noncontrolling interests included approximately $3.2 billion relating to the 8% of Linde AG shares which were not tendered in the Exchange Offer and were the subject of a cash-merger squeeze-out completed on April 8, 2019.

(b) Net income for noncontrolling interests excludes net income related to redeemable noncontrolling interests which is not significant for the quarters and nine months ended September 30, 2020 and September 30, 2019 which is not part of total equity.

Summary of Components of AOCI

The components of AOCI are as follows:

			September 30,						December 31,
(Millions of dollars)			2020						2019
Cumulative translation adjustment - net of taxes:
Americas			$	(4,070)					$	(3,357)
EMEA			(168)						(136)
APAC			(80)						(140)
Engineering			150						(29)
Other			(432)						282
			(4,600)						(3,380)
Derivatives - net of taxes			(13)						(27)
Pension / OPEB (net of $420 million and $446 million tax benefit in September 30, 2020 and December 31, 2019, respectively)			(1,360)						(1,407)
			$	(5,973)					$	(4,814)

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