XML 59 R45.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The table below presents information about reportable segments for the years ended December 31, 2023, 2022 and 2021.
(Millions of dollars) | 2023 |  | 2022 |  | 2021
Sales (a) |  |  |  |  |
Americas | $ | 14,304 |  |  | $ | 13,874 |  |  | $ | 12,103 |
EMEA | 8,542 |  |  | 8,443 |  |  | 7,643 |
APAC | 6,559 |  |  | 6,480 |  |  | 6,133 |
Engineering | 2,160 |  |  | 2,762 |  |  | 2,867 |
Other | 1,289 |  |  | 1,805 |  |  | 2,047 |
Total Sales | $ | 32,854 |  |  | $ | 33,364 |  |  | $ | 30,793 |
| 2023 |  | 2022 |  | 2021
Segment Operating Profit |  |  |  |  |
Americas | $ | 4,244 |  |  | $ | 3,732 |  |  | $ | 3,368 |
EMEA | 2,486 |  |  | 2,013 |  |  | 1,889 |
APAC | 1,806 |  |  | 1,670 |  |  | 1,502 |
Engineering | 491 |  |  | 555 |  |  | 473 |
Other | 43 |  |  | (66) |  |  | (56) |
Reported Segment operating profit | 9,070 |  |  | 7,904 |  |  | 7,176 |
Other charges (Note 3) | (40) |  |  | (1,029) |  |  | (273) |
Purchase accounting impacts - Linde AG | (1,006) |  |  | (1,506) |  |  | (1,919) |
Total operating profit | $ | 8,024 |  |  | $ | 5,369 |  |  | $ | 4,984 |
| 2023 |  | 2022 |  | 2021
Depreciation and Amortization |  |  |  |  |
Americas | $ | 1,423 |  |  | $ | 1,320 |  |  | $ | 1,243 |
EMEA | 640 |  |  | 661 |  |  | 752 |
APAC | 633 |  |  | 593 |  |  | 611 |
Engineering | 33 |  |  | 33 |  |  | 39 |
Other | 96 |  |  | 116 |  |  | 127 |
Segment depreciation and amortization | 2,825 |  |  | 2,723 |  |  | 2,772 |
Purchase accounting impacts - Linde AG | 991 |  |  | 1,481 |  |  | 1,863 |
Total depreciation and amortization | $ | 3,816 |  |  | $ | 4,204 |  |  | $ | 4,635 |
| 2023 |  | 2022 |  | 2021
Capital Expenditures and Acquisitions |  |  |  |  |
Americas | $ | 2,999 |  |  | $ | 1,698 |  |  | $ | 1,354 |
EMEA | 635 |  |  | 550 |  |  | 669 |
APAC | 975 |  |  | 889 |  |  | 995 |
Engineering | 24 |  |  | 28 |  |  | 25 |
Other | 107 |  |  | 118 |  |  | 131 |
Total Capital Expenditures and Acquisitions | $ | 4,740 |  |  | $ | 3,283 |  |  | $ | 3,174 |
Sales reflect external sales only. Intersegment sales, primarily from Engineering to the industrial gases segments, were $1,479 million, $1,035 million and $896 million for the year ended December 31, 2023, 2022 and 2021, respectively.
Schedule of Segment Information, Sales by Major Country Table |
| 2023 |  | 2022 |  | 2021
Sales by Major Country |  |  |  |  |
United States | $ | 10,566 |  |  | $ | 10,553 |  |  | $ | 9,123 |
Germany (c) | 2,827 |  |  | 3,662 |  |  | 3,601 |
China | 2,585 |  |  | 2,643 |  |  | 2,562 |
United Kingdom | 1,507 |  |  | 1,954 |  |  | 2,060 |
Australia | 1,303 |  |  | 1,372 |  |  | 1,307 |
Brazil | 1,302 |  |  | 1,158 |  |  | 1,065 |
Other – non-U.S. | 12,764 |  |  | 12,022 |  |  | 11,075 |
Total sales | $ | 32,854 |  |  | $ | 33,364 |  |  | $ | 30,793 |
Sales in Germany include Engineering sales to third parties, locally and internationally, which represent 35%, 44% and 53% of Germany sales in 2023, 2022 and 2021, respectively.
Long-lived Assets by Geographic Areas |
| 2023 |  | 2022 |  | 2021
Long-lived Assets by Major Country (b) |  |  |  |  |
United States | $ | 8,490 |  |  | $ | 7,663 |  |  | $ | 7,659 |
Germany | 1,584 |  |  | 1,678 |  |  | 2,003 |
China | 2,063 |  |  | 2,176 |  |  | 2,385 |
United Kingdom | 684 |  |  | 704 |  |  | 1,078 |
Australia | 654 |  |  | 688 |  |  | 872 |
Brazil | 836 |  |  | 720 |  |  | 705 |
Other – non-U.S. | 10,241 |  |  | 9,919 |  |  | 11,301 |
Total long-lived assets | $ | 24,552 |  |  | $ | 23,548 |  |  | $ | 26,003 |
Long-lived assets include property, plant and equipment - net.

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph b -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration