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Debt
 9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Debt Debt
The following is a summary of Linde's outstanding debt at September 30, 2021 and December 31, 2020:
(Millions of dollars)September 30,
2021		December 31,
2020
SHORT-TERM
Commercial paper$2,022 $2,527 
Other borrowings (primarily non U.S.)873 724 
Total short-term debt2,895 3,251 
LONG-TERM (a)
(U.S. dollar denominated unless otherwise noted)
3.875% Euro denominated notes due 2021 (c)
— 748 
0.250% Euro denominated notes due 2022 (b)
1,160 1,226 
2.45% Notes due 2022
600 599 
2.20% Notes due 2022
500 499 
2.70% Notes due 2023
499 499 
2.00% Euro denominated notes due 2023 (b)
777 832 
5.875% GBP denominated notes due 2023 (b)
436 460 
1.20% Euro denominated notes due 2024
636 671 
1.875% Euro denominated notes due 2024 (b)
364 389 
2.65% Notes due 2025
399 398 
1.625% Euro denominated notes due 2025
575 607 
0.00% Euro denominated notes due 2026 (d)
814 — 
3.20% Notes due 2026
725 725 
3.434% Notes due 2026
197 196 
1.652% Euro denominated notes due 2027
95 100 
0.250% Euro denominated notes due 2027
867 914 
1.00% Euro denominated notes due 2028 (b)
902 966 
1.10% Notes due 2030
696 696 
1.90% Euro denominated notes due 2030
121 127 
0.550% Euro denominated notes due 2032
862 909 
0.375% Euro denominated notes due 2033 (d)
575 — 
3.55% Notes due 2042
664 664 
2.00% Notes due 2050
296 296 
1.00% Euro denominated notes due 2051 (d)
803 — 
Non U.S. borrowings259 372 
Other10 10 
13,832 12,903 
Less: current portion of long-term debt(2,293)(751)
Total long-term debt11,539 12,152 
Total debt$16,727 $16,154 
 
(a)Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable.
(b)September 30, 2021 and December 31, 2020 included a cumulative $52 million and $79 million adjustment to carrying value, respectively, related to hedge accounting of interest rate swaps. Refer to Note 5.
(c)In June 2021, the company repaid €600 million of 3.875% note that became due.
(d)In September 2021, Linde issued €700 million of 0.000% notes due 2026, €500 million of 0.375% notes due 2033, and €700 million of 1.000% notes due 2051.
The company maintains a $5 billion unsecured revolving credit agreement with a syndicate of banking institutions that expires March 26, 2024. There are no financial maintenance covenants contained within the credit agreement. No borrowings were outstanding under the credit agreement as of September 30, 2021.