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Debt (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Summary of Outstanding Debt | The following is a summary of Linde's outstanding debt at March 31, 2024 and December 31, 2023:
(Millions of dollars) | March 31, 2024 |  | December 31, 2023
SHORT-TERM |  |  |
Commercial paper | $ | 3,784 |  |  | $ | 4,483 |
Other bank borrowings (primarily non U.S.) | 262 |  |  | 230 |
Total short-term debt | 4,046 |  |  | 4,713 |
LONG-TERM (a) |  |  |
(U.S. dollar denominated unless otherwise noted) |  |  |
1.20% Euro denominated notes due 2024 (b) | — |  |  | 607 |
1.875% Euro denominated notes due 2024 (c) | 324 |  |  | 332 |
4.800% Notes due 2024 | 300 |  |  | 300 |
4.700% Notes due 2025 | 599 |  |  | 599 |
2.65% Notes due 2025 | 399 |  |  | 399 |
1.625% Euro denominated notes due 2025 | 537 |  |  | 550 |
3.625% Euro denominated notes due 2025 | 539 |  |  | 551 |
0.00% Euro denominated notes due 2026 | 757 |  |  | 774 |
3.20% Notes due 2026 | 724 |  |  | 724 |
3.434% Notes due 2026 | 198 |  |  | 198 |
1.652% Euro denominated notes due 2027 | 87 |  |  | 90 |
0.25% Euro denominated notes due 2027 | 808 |  |  | 827 |
1.00% Euro denominated notes due 2027 | 541 |  |  | 553 |
1.00% Euro denominated notes due 2028 (c) | 765 |  |  | 780 |
3.00% Euro denominated notes due 2028 (d) | 752 |  |  | — |
3.375% Euro denominated notes due 2029 | 805 |  |  | 824 |
1.10% Notes due 2030 | 697 |  |  | 697 |
1.90% Euro denominated notes due 2030 | 111 |  |  | 114 |
1.375% Euro denominated notes due 2031 | 811 |  |  | 829 |
3.20% Euro denominated notes due 2031 (d) | 915 |  |  | — |
0.55% Euro denominated notes due 2032 | 805 |  |  | 823 |
0.375% Euro denominated notes due 2033 | 534 |  |  | 546 |
3.625% Euro denominated notes due 2034 | 698 |  |  | 714 |
1.625% Euro denominated notes due 2035 | 857 |  |  | 876 |
3.40% Euro denominated notes due 2036 (d) | 748 |  |  | — |
3.55% Notes due 2042 | 666 |  |  | 666 |
2.00% Notes due 2050 | 296 |  |  | 296 |
1.00% Euro denominated notes due 2051 | 738 |  |  | 755 |
Non U.S. borrowings | 252 |  |  | 226 |
Other | 10 |  |  | 10 |
| 16,273 |  |  | 14,660 |
Less: current portion of long-term debt | (1,046) |  |  | (1,263) |
Total long-term debt | 15,227 |  |  | 13,397 |
Total debt | $ | 20,319 |  |  | $ | 19,373 |
(a)Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable. (b)In February 2024, Linde repaid €550 million of 1.20% notes that became due. (c)March 31, 2024 and December 31, 2023 included a cumulative $41 million and $46 million adjustment to carrying value, respectively, related to hedge accounting of interest rate swaps. Refer to Note 4. (d)In February 2024, Linde issued €700 million of 3.00% notes due in 2028, €850 million of 3.20% notes due in 2031 and €700 million of 3.40% notes due in 2036.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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