Equity (Tables)

9 Months Ended

Sep. 30, 2021

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


	Quarter Ended September 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	$	45,777	$	1,438	$	47,215	$	45,537	$	2,387	$	47,924
Net income (a)	979		31		1,010		700		31		731
Other comprehensive income (loss)	(710)		(13)		(723)		648		40		688
Noncontrolling interests:
Additions (reductions)	—		(15)		(15)		—		11		11
Dividends and other capital changes	—		(40)		(40)		—		(65)		(65)

Dividends to Linde plc ordinary share holders ($1.060 per share in 2021 and $0.963 per share in 2020)	(546)		—		(546)		(506)		—		(506)
Issuances of ordinary shares:

For employee savings and incentive plans	(1)		—		(1)		(20)		—		(20)

Purchases of ordinary shares	(1,208)		—		(1,208)		(213)		—		(213)

Share-based compensation	32		—		32		29		—		29
Balance, end of period	$	44,323	$	1,401	$	45,724	$	46,175	$	2,404	$	48,579


	Nine Months Ended September 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	$	47,317	$	2,252	$	49,569	$	49,074	$	2,448	$	51,522
Net income (a)	2,800		105		2,905		1,731		91		1,822
Other comprehensive income (loss)	(928)		(10)		(938)		(1,159)		(48)		(1,207)
Noncontrolling interests:
Additions (reductions) (b)	—		(861)		(861)		—		26		26
Dividends and other capital changes	—		(85)		(85)		—		(113)		(113)

Dividends to Linde plc ordinary share holders ($3.180 per share in 2021 and $2.889 per share in 2020)	(1,648)		—		(1,648)		(1,523)		—		(1,523)
Issuances of ordinary shares:

For employee savings and incentive plans	(12)		—		(12)		(28)		—		(28)

Purchases of ordinary shares	(3,301)		—		(3,301)		(2,024)		—		(2,024)

Share-based compensation	95		—		95		104		—		104
Balance, end of period	$	44,323	$	1,401	$	45,724	$	46,175	$	2,404	$	48,579

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

(b) Additions (reductions) for noncontrolling interests as of the nine months ended September 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:


	September 30,		December 31,
(Millions of dollars)	2021		2020
Cumulative translation adjustment - net of taxes:
Americas	$	(3,958)	$	(3,788)
EMEA	382		1,020
APAC	77		616
Engineering	104		354
Other	(537)		(1,020)
	(3,932)		(2,818)
Derivatives - net of taxes	60		4

Pension / OPEB (net of $507 million and $560 million tax benefit in September 30, 2021 and December 31, 2020, respectively)	(1,746)		(1,876)
	$	(5,618)	$	(4,690)