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Condensed Consolidated Statements of Cash Flows
€ in Millions, $ in Millions
 9 Months Ended
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Operations    
Net Income – Linde plc $ 1,731 $ 1,774
Less: Income from discontinued operations, net of tax and noncontrolling interests (3) (98)
Add: Noncontrolling interests from continuing operations 91 62
Income from continuing operations (including noncontrolling interests) 1,819 1,738
Adjustments to reconcile net income to net cash provided by operating activities:    
Cost reduction programs and other charges, net of payments 240 (356)
Amortization of merger-related inventory step-up 0 12
Depreciation and amortization 3,434 3,513
Deferred income taxes (299) (125)
Share-based compensation 104 64
Working capital:    
Accounts receivable (76) (30)
Inventory (101) (61)
Prepaid and other current assets 1 (65)
Payables and accruals (12) (411)
Contract assets and liabilities, net 89 (35)
Pension contributions (76) (69)
Long-term assets, liabilities and other (128) (230)
Net cash provided by operating activities 4,995 3,945
Investing    
Capital expenditures (2,373) (2,667)
Acquisitions, net of cash acquired (41) (161)
Divestitures and asset sales, net of cash divested 435 4,960
Net cash provided by (used for) investing activities (1,979) 2,132
Financing    
Short-term debt borrowings (repayments) - net 2,154 (231)
Long-term debt borrowings 2,763 55
Long-term debt repayments (1,582) (1,568)
Issuances of ordinary shares 41 60
Purchases of ordinary shares (2,030) (1,934)
Cash dividends - Linde plc shareholders (1,523) (1,422)
Noncontrolling interest transactions and other (201) (3,257)
Net cash provided by (used for) financing activities (378) (8,297)
Discontinued Operations    
Cash provided by operating activities 0 67
Cash used for investing activities 0 (59)
Cash provided by financing activities 0 5
Net cash provided by discontinued operations 0 13
Effect of exchange rate changes on cash and cash equivalents (139) (126)
Change in cash and cash equivalents 2,499 (2,333)
Cash and cash equivalents, beginning-of-period 2,700 4,466
Cash and cash equivalents, including discontinued operations 5,199 2,133
Cash and cash equivalents of discontinued operations 0 (13)
Cash and cash equivalents, end-of-period $ 5,199 $ 2,120