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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Sales $ 7,584 $ 6,377 $ 14,827 $ 13,116
Cost of sales, exclusive of depreciation and amortization 4,194 3,619 8,248 7,462
Selling, general and administrative 822 760 1,609 1,621
Depreciation and amortization 1,171 1,124 2,337 2,266
Research and development 34 34 69 78
Cost reduction programs and other charges 204 249 196 380
Other income (expense) - net (17) 0 (13) 15
Operating Profit 1,142 591 2,355 1,324
Interest expense - net 18 18 38 42
Net pension and OPEB cost (benefit), excluding service cost (49) (45) (98) (90)
Income From Continuing Operations Before Income Taxes and Equity Investments 1,173 618 2,415 1,372
Income taxes on continuing operations 334 164 602 329
Income From Continuing Operations Before Equity Investments 839 454 1,813 1,043
Income from equity investments 37 29 80 46
Income From Continuing Operations (Including Noncontrolling Interests) 876 483 1,893 1,089
Income from discontinued operations, net of tax 1 0 2 2
Net Income (Including Noncontrolling Interests) 877 483 1,895 1,091
Less: noncontrolling interests from continuing operations (36) (25) (74) (60)
Less: noncontrolling interest from discontinued operations 0 0 0 0
Net Income – Linde plc 841 458 1,821 1,031
Income from continuing operations 840 458 1,819 1,029
Income from discontinued operations $ 1 $ 0 $ 2 $ 2
Per Share Data – Linde plc Shareholders        
Basic earnings per share from continuing operations (in dollars per share) $ 1.62 $ 0.87 $ 3.49 $ 1.95
Basic earnings per share from discontinued operations (in dollars per share) 0 0 0 0
Basic earnings per share (in dollars per share) 1.62 0.87 3.49 1.95
Diluted earnings per share from continuing operations (in dollars per share) 1.60 0.87 3.46 1.93
Diluted earnings per share from discontinued operations (in dollars per share) 0 0 0 0
Diluted earnings per share (in dollars per share) $ 1.60 $ 0.87 $ 3.46 $ 1.93
Weighted Average Shares Outstanding (000’s):        
Basic shares outstanding (in shares) 518,950 525,510 520,691 528,385
Diluted shares outstanding (in shares) 523,723 529,054 525,380 532,112