Goodwill

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

Changes in the carrying amount of goodwill for the years ended December 31, 2020 and 2019 were as follows:


(Millions of dollars)	Americas		EMEA		APAC		Engineering		Other		Total
Balance, December 31, 2018	$	9,174	$	10,960	$	5,295	$	1,075	$	370	$	26,874

Acquisitions (Note 2)	135		—		—				—		135
Measurement period adjustments (Note 2)	(255)		(636)		(323)		1,410		(42)		154
Foreign currency translation and other	(12)		(81)		(15)		(15)		(21)		(144)

Balance, December 31, 2019	9,042		10,243		4,957		2,470		307		27,019

Acquisitions (Note 2)	13		—		—		—		—		13
Foreign currency translation and other	35		643		305		212		23		1,218
Disposals	(7)		(42)		—		—		—		(49)
Balance, December 31, 2020	$	9,083	$	10,844	$	5,262	$	2,682	$	330	$	28,201

Linde has performed its goodwill impairment tests annually during the fourth quarter of each year and has determined that the fair value of each of its reporting units was substantially in excess of its carrying value. For the 2020 test, the company applied the FASB's accounting guidance which allows the company to first assess qualitative factors to determine the extent of additional quantitative analysis, if any, that may be required to test goodwill for impairment. Based on the qualitative assessments performed, the company concluded that it was more likely than not that the fair value of each reporting unit substantially exceeded its carrying value and therefore, further quantitative analysis was not required. As a result, no impairment was recorded. There were no indicators of impairment through December 31, 2020.