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Goodwill | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | GOODWILL Changes in the carrying amount of goodwill for the years ended December 31, 2023 and 2022 were as follows:
(Millions of dollars) | Americas |  | EMEA |  | APAC |  | Engineering |  | Other |  | Total
Balance, December 31, 2021 | $ | 9,087 |  |  | $ | 10,278 |  |  | $ | 4,854 |  |  | $ | 2,496 |  |  | $ | 323 |  |  | $ | 27,038 |
Acquisitions | 44 |  |  | 28 |  |  | — |  |  | — |  |  | — |  |  | 72 |
Foreign currency translation and other | 5 |  |  | (773) |  |  | (304) |  |  | (146) |  |  | (13) |  |  | (1,231) |
Disposals (Note 2 & Note 3) | — |  |  | (41) |  |  | — |  |  | (1) |  |  | (20) |  |  | (62) |
Balance, December 31, 2022 | 9,136 |  |  | 9,492 |  |  | 4,550 |  |  | 2,349 |  |  | 290 |  |  | 25,817 |
Acquisitions (Note 2) | 550 |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 553 |
Foreign currency translation and other | 17 |  |  | 347 |  |  | (54) |  |  | 73 |  |  | 3 |  |  | 386 |
Disposals | — |  |  | (5) |  |  | — |  |  | — |  |  | — |  |  | (5) |
Balance, December 31, 2023 | $ | 9,703 |  |  | $ | 9,834 |  |  | $ | 4,499 |  |  | $ | 2,422 |  |  | $ | 293 |  |  | $ | 26,751 |
Linde performs its goodwill impairment tests annually as of October 1 or more frequently if events or circumstances indicate that an impairment loss may have been incurred. For the fourth quarter 2023 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 since the annual goodwill impairment test was performed through December 31, 2023.

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