Equity (Tables)

6 Months Ended

Jun. 30, 2020

Equity And Noncontrolling Interests Disclosure [Abstract]

A summary of the changes in total equity for the quarter and six months ended June 30, 2020 and 2019 is provided below:


	Quarter Ended June 30,
(Millions of dollars)	2020										2019
Activity	Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity		Linde plc Shareholders’ Equity		Noncontrolling Interests (a)		Total Equity
Balance, beginning of period (a)	$	44,776	$	2,375	$	47,151	$	51,175	$	5,457	$	56,632
Net income (b)	458		25		483		522		29		551
Other comprehensive income (loss)	767		18		785		(142)		(21)		(163)
Noncontrolling interests:
Additions (reductions)	—		13		13		—		(3,074)		(3,074)
Dividends and other capital changes	—		(44)		(44)		—		(76)		(76)

Dividends to Linde plc ordinary share holders ($0.963 per share in 2020 and $0.875 per share in 2019)	(506)		—		(506)		(474)		—		(474)
Issuances of common stock:

For employee savings and incentive plans	10		—		10		(13)		—		(13)

Purchases of common stock	—		—		—		(526)		—		(526)

Share-based compensation	32		—		32		22		—		22
Balance, end of period	$	45,537	$	2,387	$	47,924	$	50,564	$	2,315	$	52,879


	Six Months Ended June 30,
(Millions of dollars)	2020										2019
Activity	Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity		Linde plc Shareholders’ Equity		Noncontrolling Interests (a)		Total Equity
Balance, beginning of period (a)	$	49,074	$	2,448	$	51,522	$	51,596	$	5,484	$	57,080
Net income (b)	1,031		60		1,091		1,039		65		1,104
Other comprehensive income (loss)	(1,807)		(88)		(1,895)		79		(88)		(9)
Noncontrolling interests:
Additions (reductions)	—		15		15		—		(3,066)		(3,066)
Dividends and other capital changes	—		(48)		(48)		—		(80)		(80)

Dividends to Linde plc ordinary share holders ($1.926 per share in 2020 and $1.75 per share in 2019)	(1,017)		—		(1,017)		(951)		—		(951)
Issuances of common stock:

For employee savings and incentive plans	(8)		—		(8)		(7)		—		(7)

Purchases of common stock	(1,811)		—		(1,811)		(1,230)		—		(1,230)

Share-based compensation	75		—		75		38		—		38
Balance, end of period	$	45,537	$	2,387	$	47,924	$	50,564	$	2,315	$	52,879

(a) As of the beginning of both periods ended June 30, 2019, noncontrolling interests included approximately $3.2 billion relating to the 8% of Linde AG shares which were not tendered in the Exchange Offer and were the subject of a cash-merger squeeze-out completed on April 8, 2019.

(b) Net income for noncontrolling interests excludes net income related to redeemable noncontrolling interests which is not significant for the quarters and six months ended June 30, 2020 and June 30, 2019 which is not part of total equity.

Summary of Components of AOCI

The components of AOCI are as follows:


	June 30,		December 31,
(Millions of dollars)	2020		2019
Cumulative translation adjustment - net of taxes:
Americas	$	(4,090)	$	(3,357)
EMEA	(876)		(136)
APAC	(455)		(140)
Engineering	(43)		(29)
Other	201		282
	(5,263)		(3,380)
Derivatives - net of taxes	(21)		(27)

Pension / OPEB (net of $422 million and $446 million tax benefit in June 30, 2020 and December 31, 2019, respectively)	(1,337)		(1,407)
	$	(6,621)	$	(4,814)