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Debt (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Long-term And Short-term 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.