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Equity | 3 Months Ended
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Mar. 31, 2024
Equity [Abstract] |
Equity | Equity Equity A summary of the changes in total equity for the three months ended March 31, 2024 and 2023 is provided below:
| Quarter Ended March 31,
(Millions of dollars) | 2024 |  | 2023
Activity | Linde plc Shareholders’ Equity |  | Noncontrolling Interests |  | Total Equity |  | Linde plc Shareholders’ Equity |  | Noncontrolling Interests |  | Total Equity
Balance, beginning of period | $ | 39,720 |  |  | $ | 1,362 |  |  | $ | 41,082 |  |  | $ | 40,028 |  |  | $ | 1,346 |  |  | $ | 41,374 |
Net income (a) | 1,627 |  |  | 38 |  |  | 1,665 |  |  | 1,516 |  |  | 36 |  |  | 1,552 |
Other comprehensive income (loss) | (723) |  |  | (15) |  |  | (738) |  |  | (28) |  |  | (2) |  |  | (30) |
Noncontrolling interests: |  |  |  |  |  |  |  |  |  |  |
Additions (reductions) | — |  |  | 11 |  |  | 11 |  |  | — |  |  | 2 |  |  | 2 |
Dividends and other capital changes | — |  |  | (9) |  |  | (9) |  |  | — |  |  | (29) |  |  | (29) |
Dividends to Linde plc ordinary share holders ($1.39 per share in 2024 and $1.275 per share in 2023) | (669) |  |  | — |  |  | (669) |  |  | (623) |  |  | — |  |  | (623) |
Issuances of ordinary shares: |  |  |  |  |  |  |  |  |  |  |
For employee savings and incentive plans | (126) |  |  | — |  |  | (126) |  |  | (63) |  |  | — |  |  | (63) |
Purchases of ordinary shares | (1,038) |  |  | — |  |  | (1,038) |  |  | (890) |  |  |  |  | (890) |
Share-based compensation | 38 |  |  | — |  |  | 38 |  |  | 30 |  |  | — |  |  | 30 |
Balance, end of period | $ | 38,829 |  |  | $ | 1,387 |  |  | $ | 40,216 |  |  | $ | 39,970 |  |  | $ | 1,353 |  |  | $ | 41,323 |
(a) Net income for noncontrolling interests excludes net income related to redeemable noncontrolling interests which is not significant for the three months ended March 31, 2024 and 2023 and which is not part of total equity. The components of Accumulated other comprehensive income (loss) are as follows:
| March 31, |  | December 31,
(Millions of dollars) | 2024 |  | 2023
Cumulative translation adjustment - net of taxes: |  |  |
Americas | $ | (3,714) |  |  | $ | (3,618) |
EMEA | (1,139) |  |  | (737) |
APAC | (1,426) |  |  | (1,037) |
Engineering | (214) |  |  | (93) |
Other | 392 |  |  | 113 |
| (6,101) |  |  | (5,372) |
Derivatives - net of taxes | 8 |  |  | 7 |
Pension / OPEB (net of $72 million and $60 million tax benefit at March 31, 2024 and December 31, 2023, respectively) | (435) |  |  | (440) |
| $ | (6,528) |  |  | $ | (5,805) |

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