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Equity (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Schedule of Changes in Total Equity | A summary of the changes in total equity for the quarter and nine months ended September 30, 2024 and 2023 is provided below:
| Quarter Ended September 30,
(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 | $ | 38,179 |  |  | $ | 1,359 |  |  | $ | 39,538 |  |  | $ | 39,911 |  |  | $ | 1,324 |  |  | $ | 41,235 |
Net income (a) | 1,550 |  |  | 53 |  |  | 1,603 |  |  | 1,565 |  |  | 36 |  |  | 1,601 |
Other comprehensive income (loss) | 735 |  |  | 29 |  |  | 764 |  |  | (777) |  |  | (13) |  |  | (790) |
Noncontrolling interests: |  |  |  |  |  |  |  |  |  |  |
Additions (reductions) | — |  |  | (1) |  |  | (1) |  |  | — |  |  | (1) |  |  | (1) |
Dividends and other capital changes | — |  |  | (23) |  |  | (23) |  |  | — |  |  | (19) |  |  | (19) |
Dividends to Linde plc ordinary share holders ($1.39 per share in 2024 and $1.275 per share in 2023) | (662) |  |  | — |  |  | (662) |  |  | (620) |  |  | — |  |  | (620) |
Issuances of ordinary shares: |  |  |  |  |  |  |  |  |  |  |
For employee savings and incentive plans | (1) |  |  | — |  |  | (1) |  |  | (19) |  |  | — |  |  | (19) |
Purchases of ordinary shares | (670) |  |  | — |  |  | (670) |  |  | (1,198) |  |  | — |  |  | (1,198) |
Share-based compensation | 42 |  |  | — |  |  | 42 |  |  | 36 |  |  | — |  |  | 36 |
Balance, end of period | $ | 39,173 |  |  | $ | 1,417 |  |  | $ | 40,590 |  |  | $ | 38,898 |  |  | $ | 1,327 |  |  | $ | 40,225 |
| Nine Months Ended September 30,
(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) | 4,840 |  |  | 128 |  |  | 4,968 |  |  | 4,656 |  |  | 109 |  |  | 4,765 |
Other comprehensive income (loss) | (254) |  |  | 4 |  |  | (250) |  |  | (894) |  |  | (38) |  |  | (932) |
Noncontrolling interests: |  |  |  |  |  |  |  |  |  |  |
Additions (reductions) | — |  |  | 10 |  |  | 10 |  |  | (11) |  |  | (6) |  |  | (17) |
Dividends and other capital changes | — |  |  | (87) |  |  | (87) |  |  | — |  |  | (84) |  |  | (84) |
Dividends to Linde plc ordinary share holders ($4.17 per share in 2024 and $3.83 per share in 2023) | (1,996) |  |  | — |  |  | (1,996) |  |  | (1,866) |  |  | — |  |  | (1,866) |
Issuances of ordinary shares: |  |  |  |  |  |  |  |  |  |  |
For employee savings and incentive plans | (142) |  |  | — |  |  | (142) |  |  | (117) |  |  | — |  |  | (117) |
Purchases of ordinary shares | (3,115) |  |  | — |  |  | (3,115) |  |  | (3,000) |  |  | — |  |  | (3,000) |
Share-based compensation | 120 |  |  | — |  |  | 120 |  |  | 102 |  |  | — |  |  | 102 |
Balance, end of period | $ | 39,173 |  |  | $ | 1,417 |  |  | $ | 40,590 |  |  | $ | 38,898 |  |  | $ | 1,327 |  |  | $ | 40,225 |
(a)Net income for noncontrolling interests excludes net income related to redeemable noncontrolling interests which is not significant for the quarter and nine months ended September 30, 2024 and 2023 and which is not part of total equity.
Schedule of Components of Accumulated Other Comprehensive Income (Loss) | The components of Accumulated other comprehensive income (loss) are as follows:
(Millions of dollars) | September 30, 2024 |  | December 31, 2023
Cumulative translation adjustment - net of taxes: |  |  |
Americas | $ | (4,074) |  |  | $ | (3,618) |
EMEA | (679) |  |  | (737) |
APAC | (848) |  |  | (1,037) |
Engineering | (39) |  |  | (93) |
Other | 19 |  |  | 113 |
| (5,621) |  |  | (5,372) |
Derivatives - net of taxes | 7 |  |  | 7 |
Pension / OPEB (net of $67 million and $60 million tax benefit at September 30, 2024 and December 31, 2023, respectively) | (445) |  |  | (440) |
| $ | (6,059) |  |  | $ | (5,805) |

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