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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Sales $ 6,377 $ 7,204 $ 13,116 $ 14,148
Cost of sales, exclusive of depreciation and amortization 3,619 4,280 7,462 8,396
Selling, general and administrative 760 884 1,621 1,763
Depreciation and amortization 1,124 1,195 2,266 2,418
Research and development 34 45 78 91
Cost reduction programs and other charges 249 141 380 230
Other income (expense) - net   10 15 28
Operating Profit 591 669 1,324 1,278
Interest expense - net 18 10 42 33
Net pension and OPEB cost (benefit), excluding service cost (45) (24) (90) (9)
Income From Continuing Operations Before Income Taxes and Equity Investments 618 683 1,372 1,254
Income taxes on continuing operations 164 169 329 309
Income From Continuing Operations Before Equity Investments 454 514 1,043 945
Income from equity investments 29 28 46 62
Income From Continuing Operations (Including Noncontrolling Interests) 483 542 1,089 1,007
Income from discontinued operations, net of tax 0 9 2 98
Net Income (Including Noncontrolling Interests) 483 551 1,091 1,105
Less: noncontrolling interests from continuing operations (25) (29) (60) (59)
Less: noncontrolling interest from discontinued operations 0 0 0 (7)
Net Income – Linde plc 458 522 1,031 1,039
Income from continuing operations 458 513 1,029 948
Income from discontinued operations $ 0 $ 9 $ 2 $ 91
Per Share Data – Linde plc Shareholders        
Basic earnings per share from continuing operations (in dollars per share) $ 0.87 $ 0.95 $ 1.95 $ 1.74
Basic earnings per share from discontinued operations (in dollars per share) 0 0.02 0 0.17
Basic earnings per share (in dollars per share) 0.87 0.97 1.95 1.91
Diluted earnings per share from continuing operations (in dollars per share) 0.87 0.94 1.93 1.73
Diluted earnings per share from discontinued operations (in dollars per share) 0 0.02 0 0.17
Diluted earnings per share (in dollars per share) $ 0.87 $ 0.96 $ 1.93 $ 1.90
Weighted Average Shares Outstanding (000’s):        
Basic shares outstanding (in shares) 525,510,000 542,561,000 528,385,000 544,033,000
Diluted shares outstanding (in shares) 529,054,000 546,488,000 532,112,000 547,771,000