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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operations    
Net Income – Linde plc $ 517 $ 462
Less: Income from discontinued operations, net of tax and noncontrolling interests (82) 0
Add: Noncontrolling interests from continuing operations (30) (10)
Income From Continuing Operations (Including Noncontrolling Interests) 465 472
Adjustments to reconcile net income to net cash provided by operating activities:    
Transaction costs and other charges, net of payments (167) 14
Amortization of merger-related inventory step-up 10 0
Depreciation and amortization 1,223 311
Deferred income taxes (14) 11
Share-based compensation 16 4
Working capital:    
Accounts receivable (56) (82)
Inventory (32) (2)
Prepaid and other current assets (79) (19)
Payables and accruals (31) (67)
Contract assets and liabilities, net (84) 0
Pension contributions (18) (4)
Long-term assets, liabilities and other (165) 50
Net cash provided by operating activities 1,068 688
Investing    
Capital expenditures (843) (325)
Acquisitions, net of cash acquired (152) 0
Divestitures and asset sales, net of cash divested 3,455 7
Net cash provided by (used for) investing activities 2,460 (318)
Financing    
Short-term debt borrowings (repayments) - net (533) 288
Long-term debt borrowings 22  
Long-term debt repayments (516) (503)
Issuances of ordinary shares 28 29
Purchases of ordinary shares (725)  
Cash dividends - Linde plc shareholders (477) (237)
Noncontrolling interest transactions and other (10) (6)
Net cash used for financing activities (2,211) (429)
Discontinued Operations    
Cash provided by operating activities 63 0
Cash used for investing activities (58) 0
Cash provided by financing activities 5 0
Net cash provided by discontinued operations 10 0
Effect of exchange rate changes on cash and cash equivalents 8 (13)
Change in cash and cash equivalents 1,335 (72)
Cash and cash equivalents, beginning-of-period 4,466 617
Cash and cash equivalents, including discontinued operations 5,801 545
Cash and cash equivalents of discontinued operations (10) 0
Cash and cash equivalents, end-of-period $ 5,791 $ 545