Equity (Tables)

6 Months Ended

Jun. 30, 2021

A summary of the changes in total equity for the quarter and six months ended June 30, 2021 and 2020 is provided below:


	Quarter Ended June 30,
(Millions of dollars)	2021						2020
Activity	Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity		Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity
Balance, beginning of period	$	46,210	$	1,410	$	47,620	$	44,776	$	2,375	$	47,151
Net income (a)	841		36		877		458		25		483
Other comprehensive income (loss)	437		9		446		767		18		785
Noncontrolling interests:
Additions (reductions)	—		7		7		—		13		13
Dividends and other capital changes	—		(24)		(24)		—		(44)		(44)

Dividends to Linde plc ordinary share holders ($1.060 per share in 2021 and $0.963 per share in 2020)	(549)		—		(549)		(506)		—		(506)
Issuances of ordinary shares:

For employee savings and incentive plans	(9)		—		(9)		10		—		10

Purchases of ordinary shares	(1,187)		—		(1,187)		—		—		—

Share-based compensation	34		—		34		32		—		32
Balance, end of period	$	45,777	$	1,438	$	47,215	$	45,537	$	2,387	$	47,924


	Six Months Ended June 30,
(Millions of dollars)	2021						2020
Activity	Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity		Linde plc Shareholders’ Equity		Noncontrolling Interests (a)		Total Equity
Balance, beginning of period	$	47,317	$	2,252	$	49,569	$	49,074	$	2,448	$	51,522
Net income (a)	1,821		74		1,895		1,031		60		1,091
Other comprehensive income (loss)	(218)		3		(215)		(1,807)		(88)		(1,895)
Noncontrolling interests:
Additions (reductions) (b)	—		(846)		(846)		—		15		15
Dividends and other capital changes	—		(45)		(45)		—		(48)		(48)

Dividends to Linde plc ordinary share holders ($2.120 per share in 2021 and $1.926 per share in 2020)	(1,102)		—		(1,102)		(1,017)		—		(1,017)
Issuances of ordinary shares:

For employee savings and incentive plans	(11)		—		(11)		(8)		—		(8)

Purchases of ordinary shares	(2,093)		—		(2,093)		(1,811)		—		(1,811)

Share-based compensation	63		—		63		75		—		75
Balance, end of period	$	45,777	$	1,438	$	47,215	$	45,537	$	2,387	$	47,924

(a) Net income for noncontrolling interests excludes net income related to redeemable noncontrolling interests which is not significant for quarters and the six months ended June 30, 2021 and 2020 and which is not part of total equity.

(b) Additions (reductions) for noncontrolling interests as of the six month period ended June 30, 2021, includes the impact from the deconsolidation of a joint venture with operations in APAC (see Note 13).

Summary of Components of AOCI

The components of AOCI are as follows:


	June 30,		December 31,
(Millions of dollars)	2021		2020
Cumulative translation adjustment - net of taxes:
Americas	$	(3,729)	$	(3,788)
EMEA	912		1,020
APAC	330		616
Engineering	215		354
Other	(854)		(1,020)
	(3,126)		(2,818)
Derivatives - net of taxes	31		4

Pension / OPEB (net of $535 million and $560 million tax benefit in June 30, 2021 and December 31, 2020, respectively)	(1,813)		(1,876)
	$	(4,908)	$	(4,690)