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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Sales $ 7,668 $ 6,855 $ 22,495 $ 19,971
Cost of sales, exclusive of depreciation and amortization 4,368 3,835 12,616 11,297
Selling, general and administrative 793 770 2,402 2,391
Depreciation and amortization 1,163 1,168 3,500 3,434
Research and development 36 36 105 114
Cost reduction programs and other charges 26 48 222 428
Other income (expense) - net 10 (29) (3) (14)
Operating Profit 1,292 969 3,647 2,293
Interest expense - net 8 38 46 80
Net pension and OPEB cost (benefit), excluding service cost (45) (41) (143) (131)
Income From Continuing Operations Before Income Taxes and Equity Investments 1,329 972 3,744 2,344
Income taxes on continuing operations 321 265 923 594
Income From Continuing Operations Before Equity Investments 1,008 707 2,821 1,750
Income from equity investments 1 23 81 69
Income From Continuing Operations (Including Noncontrolling Interests) 1,009 730 2,902 1,819
Income from discontinued operations, net of tax 1 1 3 3
Net Income (Including Noncontrolling Interests) 1,010 731 2,905 1,822
Less: noncontrolling interests from continuing operations (31) (31) (105) (91)
Net Income – Linde plc 979 700 2,800 1,731
Income from continuing operations 978 699 2,797 1,728
Income from discontinued operations $ 1 $ 1 $ 3 $ 3
Per Share Data – Linde plc Shareholders        
Basic earnings per share from continuing operations (in dollars per share) $ 1.90 $ 1.33 $ 5.39 $ 3.28
Basic earnings per share from discontinued operations (in dollars per share) 0 0 0.01 0.01
Basic earnings per share (in dollars per share) 1.90 1.33 5.40 3.29
Diluted earnings per share from continuing operations (in dollars per share) 1.88 1.32 5.34 3.25
Diluted earnings per share from discontinued operations (in dollars per share) 0 0 0.01 0.01
Diluted earnings per share (in dollars per share) $ 1.88 $ 1.32 $ 5.35 $ 3.26
Weighted Average Shares Outstanding (000’s):        
Basic shares outstanding (in shares) 515,169 525,694 518,802 527,501
Diluted shares outstanding (in shares) 520,079 530,415 523,662 531,724