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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operations    
Net Income – Linde plc $ 1,031 $ 1,039
Less: Income from discontinued operations, net of tax and noncontrolling interests (2) (91)
Add: Noncontrolling interests from continuing operations 60 59
Income from continuing operations (including noncontrolling interests) 1,089 1,007
Adjustments to reconcile net income to net cash provided by operating activities:    
Cost reduction programs and other charges, net of payments 239 (286)
Amortization of merger-related inventory step-up 0 10
Depreciation and amortization 2,266 2,418
Deferred income taxes (261) (110)
Share-based compensation 75 38
Working capital:    
Accounts receivable (118) (188)
Inventory (82) (73)
Prepaid and other current assets (48) (76)
Payables and accruals (27) (247)
Contract assets and liabilities, net 71 (103)
Pension contributions (41) (43)
Long-term assets, liabilities and other (52) (274)
Net cash provided by operating activities 3,111 2,073
Investing    
Capital expenditures (1,586) (1,708)
Acquisitions, net of cash acquired (41) (140)
Divestitures and asset sales, net of cash divested 380 4,689
Net cash provided by (used for) investing activities (1,247) 2,841
Financing    
Short-term debt borrowings (repayments) - net 1,945 (11)
Long-term debt borrowings 1,656 45
Long-term debt repayments (78) (1,311)
Issuances of ordinary shares 25 55
Purchases of ordinary shares (1,828) (1,250)
Cash dividends - Linde plc shareholders (1,017) (951)
Noncontrolling interest transactions and other (148) (3,222)
Net cash provided by (used for) financing activities 555 (6,645)
Discontinued Operations    
Cash provided by operating activities 0 70
Cash used for investing activities 0 (59)
Cash provided by financing activities 0 5
Net cash provided by discontinued operations 0 16
Effect of exchange rate changes on cash and cash equivalents (178) (49)
Change in cash and cash equivalents 2,241 (1,764)
Cash and cash equivalents, beginning-of-period 2,700 4,466
Cash and cash equivalents, including discontinued operations 4,941 2,702
Cash and cash equivalents of discontinued operations 0 (16)
Cash and cash equivalents, end-of-period $ 4,941 $ 2,686