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Debt (Tables)
6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Long-term And Short-term Debt
The following is a summary of Linde's outstanding debt at June 30, 2020 and December 31, 2019:
(Millions of dollars)June 30,
2020
December 31,
2019
SHORT-TERM
Commercial paper and U.S. bank borrowings$2,944  $996  
Other bank borrowings (primarily international)735  736  
Total short-term debt3,679  1,732  
LONG-TERM (a)
(U.S. dollar denominated unless otherwise noted)
2.25% Notes due 2020
300  300  
1.75% Euro denominated notes due 2020 (b)
1,129  1,137  
0.634% Euro denominated notes due 2020
57  56  
4.05% Notes due 2021
500  499  
3.875% Euro denominated notes due 2021 (b)
700  711  
3.00% Notes due 2021
499  499  
0.250% Euro denominated notes due 2022 (b)
1,130  1,129  
2.45% Notes due 2022
599  599  
2.20% Notes due 2022
499  499  
2.70% Notes due 2023
499  499  
2.00% Euro denominated notes due 2023 (b)
772  776  
5.875% GBP denominated notes due 2023 (b)
423  456  
1.20% Euro denominated notes due 2024
616  615  
1.875% Euro denominated notes due 2024 (b)
360  361  
2.65% Notes due 2025
398  398  
1.625% Euro denominated notes due 2025
557  556  
3.20% Notes due 2026
725  725  
3.434% Notes due 2026
196  196  
1.652% Euro denominated notes due 2027
93  93  
0.250% Euro denominated notes due 2027 (c)
840  —  
1.00% Euro denominated notes due 2028 (b)
886  872  
1.90% Euro denominated notes due 2030
117  118  
0.550% Euro denominated notes due 2032 (c)
835  —  
3.55% Notes due 2042
664  662  
Other10  10  
International bank borrowings257  309  
Obligations under finance leases140  149  
13,801  12,224  
Less: current portion of long-term debt(2,723) (1,531) 
Total long-term debt11,078  10,693  
Total debt$17,480  $13,956  
 
(a)Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable.
(b)June 30, 2020 and December 31, 2019 included a cumulative $18 million and $38 million adjustment to carrying value, respectively, related to hedge accounting of interest rate swaps. Refer to Note 5 for additional information.
(c)In May 2020, Linde issued €750 million of 0.250% notes due 2027 and €750 million 0.550% notes due 2032.