XML 56 R39.htm IDEA: XBRL DOCUMENT v3.20.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Summary of Outstanding Debt
The following is a summary of Linde’s outstanding debt at December 31, 2020 and 2019:
(Millions of dollars)20202019
Short-term
Commercial paper$2,527 $996 
Other borrowings (primarily international)724 736 
Total short-term debt3,251 1,732 
Long-term (a)
(U.S. dollar denominated unless otherwise noted)
2.25% Notes due 2020 (b)
— 300 
1.75% Euro denominated notes due 2020 (b, c)
— 1,137 
0.634% Euro denominated notes due 2020
— 56 
4.05% Notes due 2021 (d)
— 499 
3.875% Euro denominated notes due 2021 (c)
748 711 
3.00% Notes due 2021 (d)
— 499 
0.250% Euro denominated notes due 2022 (c)
1,226 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 (c)
832 776 
5.875% GBP denominated notes due 2023 (c)
460 456 
1.20% Euro denominated notes due 2024
671 615 
1.875% Euro denominated notes due 2024 (c)
389 361 
2.65% Notes due 2025
398 398 
1.625% Euro denominated notes due 2025
607 556 
3.20% Notes due 2026
725 725 
3.434% Notes due 2026
196 196 
1.652% Euro denominated notes due 2027
100 93 
0.250% Euro denominated notes due 2027 (e)
914 — 
1.00% Euro denominated notes due 2028 (c)
966 872 
1.10% Notes due 2030 (f)
696 — 
1.90% Euro denominated notes due 2030
127 118 
0.550% Euro denominated notes due 2032 (e)
909 — 
3.55% Notes due 2042
664 662 
2.00% Notes due 2050 (f)
296 — 
International borrowings372 309 
Other10 159 
12,903 12,224 
Less: current portion of long-term debt(751)(1,531)
Total long-term debt12,152 10,693 
Total debt$16,154 $13,956 
________________________
(a)Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable.
(b)In September 2020, the company repaid €1,000 million of 1.75% notes and $300 million of 2.25% notes that became due.
(c)December 31, 2020 and 2019 included a cumulative $79 million and $38 million adjustment to carrying value, respectively, related to hedge accounting of interest rate swaps.
(d)In December 2020, the company repaid $500 million of 4.05% notes and $500 million of 3.00% notes that were due in 2021 resulting in a $16 million interest charge.
(e)In May 2020, Linde issued €750 million of 0.250% notes due 2027 and €750 million of 0.550% notes due 2032.
(f)In August 2020, Linde issued $700 million of 1.100% notes due 2030 and $300 million of 2.000% notes due 2050.
Expected Maturities On Long-term Debt
Expected maturities of long-term debt are as follows:
(Millions of dollars) 
2021$751 
20222,440 
20231,853 
20241,067 
20251,083 
Thereafter5,709 
$12,903