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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Sales $ 6,944 $ 2,983
Cost of sales, exclusive of depreciation and amortization 4,116 1,661
Selling, general and administrative 879 310
Depreciation and amortization 1,223 311
Research and development 46 24
Transaction costs and other charges 89 19
Other income (expense) - net 18 (5)
Operating profit 609 653
Interest expense - net 23 46
Net pension and OPEB cost, excluding service cost 15 2
Income From Continuing Operations Before Income Taxes and Equity Investments 571 605
Income taxes on continuing operations 140 148
Income From Continuing Operations Before Equity Investments 431 457
Income from equity investments 34 15
Income From Continuing Operations (Including Noncontrolling Interests) 465 472
Income from discontinued operations, net of tax 89 0
Net Income (Including Noncontrolling Interests) 554 472
Less: noncontrolling interests from continuing operations (30) (10)
Less: noncontrolling interest from discontinued operations (7) 0
Net Income – Linde plc 517 462
Income from continuing operations 435 462
Income from discontinued operations $ 82 $ 0
Per Share Data – Linde plc Shareholders    
Basic earnings per share from continuing operations (in dollars per share) $ 0.80 $ 1.61
Basic earnings per share from discontinued operations (in dollars per share) 0.15 0.00
Basic earnings per share (in dollars per share) 0.95 1.61
Diluted earnings per share from continuing operations (in dollars per share) 0.79 1.59
Diluted earnings per share from discontinued operations (in dollars per share) 0.15 0.00
Diluted earnings per share (in dollars per share) $ 0.94 $ 1.59
Weighted Average Shares Outstanding (000’s):    
Basic shares outstanding (in shares) 545,554 287,504
Diluted shares outstanding (in shares) 549,147 290,809