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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
€ in Millions, $ in Millions
6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Operations    
Net Income – Linde plc $ 1,821 $ 1,031
Less: Income from discontinued operations, net of tax and noncontrolling interests (2) (2)
Add: Noncontrolling interests from continuing operations 74 60
Income from continuing operations (including noncontrolling interests) 1,893 1,089
Adjustments to reconcile net income to net cash provided by operating activities:    
Cost reduction programs and other charges, net of payments 95 239
Depreciation and amortization 2,337 2,266
Deferred income taxes (78) (261)
Share-based compensation 63 75
Working capital:    
Accounts receivable (388) (118)
Inventory (42) (82)
Prepaid and other current assets (20) (48)
Payables and accruals 39 (27)
Contract assets and liabilities, net 51 71
Pension contributions (28) (41)
Long-term assets, liabilities and other 14 (52)
Net cash provided by operating activities 3,936 3,111
Investing    
Capital expenditures (1,506) (1,586)
Acquisitions, net of cash acquired (31) (41)
Divestitures and asset sales, net of cash divested 77 380
Net cash provided by (used for) investing activities (1,460) (1,247)
Financing    
Short-term debt borrowings (repayments) - net 1,081 1,945
Long-term debt borrowings 51 1,656
Long-term debt repayments (818) (78)
Issuances of ordinary shares 32 25
Purchases of ordinary shares (2,082) (1,828)
Cash dividends - Linde plc shareholders (1,102) (1,017)
Noncontrolling interest transactions and other (277) (148)
Net cash provided by (used for) financing activities (3,115) 555
Effect of exchange rate changes on cash and cash equivalents 22 (178)
Change in cash and cash equivalents (617) 2,241
Cash and cash equivalents, beginning-of-period 3,754 2,700
Cash and cash equivalents, end-of-period $ 3,137 $ 4,941