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Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The following is a summary of Linde's outstanding debt at March 31, 2025 and December 31, 2024:

(Millions of dollars)			March 31, 2025						December 31, 2024
SHORT-TERM
Commercial paper			$	4,177					$	3,964
Other bank borrowings (primarily non U.S.)			288						259
Total short-term debt			4,465						4,223
LONG-TERM (a)
(U.S. dollar denominated unless otherwise noted)
4.700% Notes due 2025 (d)			—						599
2.65% Notes due 2025 (d)			—						400
1.625% Euro denominated notes due 2025			540						517
3.625% Euro denominated notes due 2025			541						517
0.00% Euro denominated notes due 2026			758						726
3.20% Notes due 2026			725						725
3.434% Notes due 2026			199						199
1.652% Euro denominated notes due 2027			88						84
0.25% Euro denominated notes due 2027			810						776
1.00% Euro denominated notes due 2027			543						519
1.00% Euro denominated notes due 2028 (b)			778						742
3.00% Euro denominated notes due 2028			755						722
3.375% Euro denominated notes due 2029			808						773
2.625% Euro denominated notes due 2029 (c)			914						—
1.10% Notes due 2030			697						697
1.90% Euro denominated notes due 2030			111						106
3.375% Euro denominated notes due 2030			807						772
1.375% Euro denominated notes due 2031			814						779
3.20% Euro denominated notes due 2031			917						878
0.550% Euro denominated notes due 2032			807						772
0.375% Euro denominated notes due 2033			536						512
3.00% Euro denominated notes due 2033 (c)			805						—
3.625% Euro denominated notes due 2034			700						670
3.50% Euro denominated notes due 2034			804						769
1.625% Euro denominated notes due 2035			859						822
3.40% Euro denominated notes due 2036			750						718
3.250% Euro denominated notes due 2037 (c)			695						—
3.55% Notes due 2042			666						666
3.75% Euro denominated notes due 2044			745						712
2.00% Notes due 2050			297						297
1.00% Euro denominated notes due 2051			740						707
Non U.S. borrowings			213						214
Other			10						10
			19,432						17,400
Less: current portion of long-term debt			(1,824)						(2,057)
Total long-term debt			17,608						15,343
Total debt			$	23,897					$	21,623

(a)Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable.

(b)March 31, 2025 and December 31, 2024 included a cumulative $31 million and $32 million adjustment to carrying value, respectively, related to hedge accounting of interest rate swaps. Refer to Note 4.

(c)In February 2025, Linde issued €850 million of 2.625% notes due in 2029, €750 million of 3.00% notes due in 2033, €650 million of 3.250% notes due in 2037.

(d)In February 2025, Linde redeemed $600 million of 4.700% notes that were due in 2025 and repaid $400 million of 2.65% notes that became due.

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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.

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