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Debt | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Debt | 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. The company maintains a $5 billion and a $1.5 billion unsecured revolving credit agreement with a syndicate of banking institutions that expire on December 7, 2027 and December 4, 2024, respectively. There are no financial maintenance covenants contained within the credit agreements. No borrowings were outstanding under the credit agreements as of March 31, 2024. The weighted-average interest rates of short-term borrowings outstanding were 4.7% and 4.8% as of March 31, 2024 and December 31, 2023, respectively.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I + Details
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