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Segment Information | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information For a description of Linde plc's operating segments and information on how the Chief Operating Decision Maker assesses performance and allocates resources, refer to Note 18 to the consolidated financial statements on Linde plc's 2024 Annual Report on Form 10-K. The company’s measure of profit/loss for segment reporting is segment operating profit. Segment operating profit is defined as operating profit excluding purchase accounting impacts of the Linde AG merger, cost reduction and other charges, and items not indicative of ongoing business trends. The table below presents sales and operating profit information about reportable segments and Other for the three months ended March 31, 2025 and 2024.
(Millions of dollars) |  | Americas |  | EMEA |  | APAC |  | Engineering |  | Other |  | Total
2025 |  |  |  |  |  |  |  |  |  |  |  |
Sales (a) |  | $ | 3,666 |  |  | $ | 2,031 |  |  | $ | 1,539 |  |  | $ | 565 |  |  | $ | 311 |  |  | $ | 8,112 |
Variable Costs (b) |  | 1,395 |  |  | 721 |  |  | 748 |  |  | 215 |  |  | 114 |  |  | 3,193 |
Fixed Costs and other (c) |  | 767 |  |  | 429 |  |  | 178 |  |  | 228 |  |  | 160 |  |  | 1,762 |
Depreciation and amortization (d) |  | 367 |  |  | 159 |  |  | 162 |  |  | 8 |  |  | 23 |  |  | 719 |
Operating Profit (e) |  | $ | 1,137 |  |  | $ | 722 |  |  | $ | 451 |  |  | $ | 114 |  |  | $ | 14 |  |  | $ | 2,438 |
2024 |  |  |  |  |  |  |  |  |  |  |  |
Sales (a) |  | $ | 3,560 |  |  | $ | 2,091 |  |  | $ | 1,591 |  |  | $ | 539 |  |  | $ | 319 |  |  | $ | 8,100 |
Variable Costs (b) |  | 1,324 |  |  | 798 |  |  | 792 |  |  | 188 |  |  | 109 |  |  | 3,211 |
Fixed Costs and other (c) |  | 790 |  |  | 447 |  |  | 190 |  |  | 243 |  |  | 169 |  |  | 1,839 |
Depreciation and amortization (d) |  | 358 |  |  | 159 |  |  | 162 |  |  | 8 |  |  | 22 |  |  | 709 |
Operating Profit (e) |  | $ | 1,088 |  |  | $ | 687 |  |  | $ | 447 |  |  | $ | 100 |  |  | $ | 19 |  |  | $ | 2,341 |
(a)Sales reflect external sales only. Intersegment sales from Engineering to the industrial gases segments, were $601 million and $391 million for the three months ended March 31, 2025 and 2024, respectively. Intersegment sales from Helium, were $112 million and $123 million for the three months ended March 31, 2025 and 2024, respectively. (b)Variable costs represents the variable portion of cost of sales, exclusive of depreciation and amortization. (c)Fixed costs and other represents the fixed portion of cost of sales, exclusive of depreciation and amortization, selling, general and administrative, research and development and other income (expenses) - net. (d)Refer to reconciliation of depreciation and amortization to consolidated results below. (e)Refer to reconciliation of operating profit to consolidated results below. Reconciliations to Consolidated Results Depreciation and Amortization The table below reconciles total depreciation and amortization disclosed in the table above to consolidated depreciation and amortization as reflected on our consolidated statement of income:
|  | Quarter Ended March 31, |  |
(Millions of dollars) |  | 2025 |  | 2024 |  |  |  |
Total segment depreciation and amortization |  | $ | 719 |  |  | $ | 709 |  |  |  |  |
Purchase accounting impacts - Linde AG |  | 191 |  |  | 240 |  |  |  |  |
Total depreciation and amortization |  | $ | 910 |  |  | $ | 949 |  |  |  |  |
Income Before Income Taxes and Equity Investments The table below reconciles total operating profit disclosed in the table above to consolidated income before income taxes and equity investments as reflected on our consolidated statement of income:
|  | Quarter Ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
Total segment operating profit |  | $ | 2,438 |  |  | $ | 2,341 |  |  |  |  |
Cost reduction program and other charges |  | 55 |  |  | — |  |  |  |  |
Purchase accounting impacts - Linde AG |  | 199 |  |  | 246 |  |  |  |  |
Total operating profit |  | 2,184 |  |  | 2,095 |  |  |  |  |
Interest expense - net |  | 60 |  |  | 65 |  |  |  |  |
Net pension and OPEB cost (benefit), excluding service cost |  | (56) |  |  | (50) |  |  |  |  |
Total consolidated income before income taxes and equity investments |  | $ | 2,180 |  |  | $ | 2,080 |  |  |  |  |

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- Definition The entire disclosure for reporting segments including data and tables. 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