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Debt (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Summary of Outstanding Debt | The following is a summary of Linde’s outstanding debt at December 31, 2023 and 2022:
(Millions of dollars) | December 31, 2023 |  | December 31, 2022
SHORT-TERM |  |  |
Commercial paper | $ | 4,483 |  |  | $ | 3,926 |
Other borrowings (primarily non U.S.) | 230 |  |  | 191 |
Total short-term debt | 4,713 |  |  | 4,117 |
LONG-TERM (a) |  |  |
(U.S. dollar denominated unless otherwise noted) |  |  |
2.70% Notes due 2023 (c) | — |  |  | 501 |
2.00% Euro denominated notes due 2023 (d) | — |  |  | 699 |
5.875% GBP denominated notes due 2023 (d) | — |  |  | 367 |
1.20% Euro denominated notes due 2024 | 607 |  |  | 588 |
1.875% Euro denominated notes due 2024 (b) | 332 |  |  | 324 |
4.800% Notes due 2024 | 300 |  |  | 299 |
4.700% Notes due 2025 | 599 |  |  | 598 |
2.65% Notes due 2025 | 399 |  |  | 400 |
1.625% Euro denominated notes due 2025 | 550 |  |  | 533 |
3.625% Euro denominated notes due 2025 (e) | 551 |  |  | — |
0.00% Euro denominated notes due 2026 | 774 |  |  | 751 |
3.20% Notes due 2026 | 724 |  |  | 724 |
3.434% Notes due 2026 | 198 |  |  | 198 |
1.652% Euro denominated notes due 2027 | 90 |  |  | 88 |
0.250% Euro denominated notes due 2027 | 827 |  |  | 802 |
1.00% Euro denominated notes due 2027 | 553 |  |  | 536 |
1.00% Euro denominated notes due 2028 (b) | 780 |  |  | 749 |
3.375% Euro denominated notes due 2029 (e) | 824 |  |  | — |
1.10% Notes due 2030 | 697 |  |  | 696 |
1.90% Euro denominated notes due 2030 | 114 |  |  | 111 |
1.375% Euro denominated notes due 2031 | 829 |  |  | 803 |
0.550% Euro denominated notes due 2032 | 823 |  |  | 798 |
0.375% Euro denominated notes due 2033 | 546 |  |  | 529 |
3.625% Euro denominated notes due 2034 (e) | 714 |  |  | — |
1.625% Euro denominated notes due 2035 | 876 |  |  | 849 |
3.55% Notes due 2042 | 666 |  |  | 665 |
2.00% Notes due 2050 | 296 |  |  | 296 |
1.00% Euro denominated notes due 2051 | 755 |  |  | 731 |
Non U.S. borrowings | 226 |  |  | 152 |
Other | 10 |  |  | 10 |
| 14,660 |  |  | 13,797 |
Less: current portion of long-term debt | (1,263) |  |  | (1,599) |
Total long-term debt | 13,397 |  |  | 12,198 |
Total debt | $ | 19,373 |  |  | $ | 17,914 |
________________________ (a)Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable. (b)December 31, 2023 and December 31, 2022 included a cumulative $46 million and $56 million adjustment to carrying value, respectively, related to hedge accounting of interest rate swaps, including related terminations. Refer to Note 12. (c)In February 2023, Linde repaid $500 million of 2.70% notes that became due. (d)In April 2023, Linde repaid €650 million of 2.00% notes and £300 million of 5.875% notes that became due. (e)In June 2023, Linde issued €500 million of 3.625% notes due in 2025, €750 million of 3.375% notes due in 2029 and €650 million of 3.625% notes due in 2034.
Expected Maturities On Long-term Debt | Expected maturities of long-term debt are as follows:
(Millions of dollars) |  |
2024 | $ | 1,263 |  |
2025 | 2,113 |  |
2026 | 1,733 |  |
2027 | 1,500 |  |
2028 | 835 |  |
Thereafter | 7,216 |  |
| $ | 14,660 |  |

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