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Supplemental Information
 12 Months Ended
Dec. 31, 2021
Supplemental Information [Abstract]  
Supplemental Information SUPPLEMENTAL INFORMATION
Income Statement
(Millions of dollars)
Year Ended December 31,
202120202019
Selling, General and Administrative
Selling$1,342 $1,303 $1,600 
General and administrative1,847 1,890 1,857 
$3,189 $3,193 $3,457 
Year Ended December 31,202120202019
Depreciation and Amortization (a)
Depreciation$3,912 $3,861 $3,940 
Amortization of intangibles (Note 10)723 765 735 
Depreciation and Amortization$4,635 $4,626 $4,675 
Year Ended December 31,202120202019
Other Income (Expenses) – Net
Currency related net gains (losses)$(29)$(28)$(11)
Partnership income13 10 8 
Severance expense(5)(5)(7)
Asset divestiture gains (losses) – net(31)(78)10 
Other – net26 40 68 
$(26)$(61)$68 

Year Ended December 31,
202120202019
Interest Expense – Net
Interest incurred on debt and other$227 $277 $284 
Interest income(40)(55)(112)
Amortization on acquired debt(53)(85)(96)
Interest capitalized(57)(38)(38)
Bond redemption (b)— 16 — 
$77 $115 $38 

Year Ended December 31,		202120202019
Income Attributable to Noncontrolling Interests
Noncontrolling interests' operations (c)$135 $125 $87 
Redeemable noncontrolling interests' operations (Note 14)— — 2 
Noncontrolling interests from continuing operations$135 $125 $89 
Noncontrolling interests from discontinued operations— $— $7 
Balance Sheet
(Millions of dollars)
December 31,
20212020
Accounts Receivable
Trade and Other receivables$4,904 $4,638 
Less: allowance for expected credit losses(405)(471)
$4,499 $4,167 
Receivables
Linde applies loss rates that are lifetime expected credit losses at initial recognition of the receivables. These expected loss rates are based on an analysis of the actual historical default rates for each business, taking regional circumstances into account. If necessary, these historical default rates are adjusted to reflect the impact of current changes in the macroeconomic environment using forward-looking information. The loss rates are also evaluated based on the expectations of the responsible management team regarding the collectability of the receivables. Gross trade receivables aged less than one year were $4,425 million and $4,169 million at December 31, 2021 and December 31, 2020, respectively, and gross receivables aged greater than one year were $329 million and $358 million at December 31, 2021 and December 31, 2020, respectively. Gross other receivables were $150 million and $111 million at December 31, 2021 and December 31, 2020, respectively. Receivables aged greater than one year are generally fully reserved unless specific circumstances warrant exceptions, such as those backed by federal governments.
Provisions for expected credit losses were $129 million, $182 million and $170 million for the twelve months ended December 31, 2021, 2020 and 2019, respectively. The allowance activity in the twelve months ended December 31, 2021 related to write-offs of uncollectible amounts, net of recoveries and currency movements is not material.

December 31,
20212020
Inventories
Raw materials and supplies$399 $411 
Work in process334 337 
Finished goods1,000 981 
$1,733 $1,729 
December 31,20212020
Prepaid and Other Current Assets
Prepaid and other deferred charges (d)$527 $516 
VAT recoverable196 261 
Unrealized gains on derivatives (Note 12)101 110 
Assets held for sale (Note 2)— 4 
Other146 221 
$970 $1,112 
December 31,20212020
Other Long-term Assets
Pension assets (Note 16)$139 $55 
Insurance contracts (e)46 61 
Long-term receivables, net (f)105 201 
Lease assets (Note 4)1,016 1,090 
Deposits43 47 
Investments carried at cost18 23 
Deferred charges62 96 
Deferred income taxes (Note 5) 242 268 
Unrealized gains on derivatives (Note 12)35 90 
Other278 217 
$1,984 $2,148 
December 31,20212020
Other Current Liabilities
Accrued expenses$1,248 $1,226 
Payroll710 653 
VAT payable295 336 
Pension and postretirement (Note 16)38 34 
Interest payable102 135 
Lease liability (Note 4)262 275 
Insurance reserves19 38 
Unrealized losses on derivatives (Note 12)27 70 
Noncontrolling interest redemption and dividend (Note 14)— 231 
Synergy cost accruals (Note 3)200 199 
Other998 1,135 
$3,899 $4,332 
December 31,20212020
Other Long-term Liabilities
Pension and postretirement (Note 16)$1,802 $2,963 
Tax liabilities for uncertain tax positions (Note 5)302 355 
Tax Act liabilities for deemed repatriation (Note 5)178 204 
Lease liability (Note 4)747 794 
Interest and penalties for uncertain tax positions (Note 5)40 99 
Insurance reserves56 33 
Asset retirement obligation305 302 
Unrealized losses on derivatives (Note 12)8 11 
Synergy cost accruals (Note 3)253 170 
Other 497 588 
$4,188 $5,519 
 
December 31,20212020
Deferred Credits
Deferred income taxes (Note 5) $6,239 $6,704 
Other759 532 
$6,998 $7,236 
December 31,20212020
Accumulated Other Comprehensive Income (Loss)
Cumulative translation adjustment - net of taxes:
Americas (g)$(3,985)$(3,788)
EMEA (g)94 1,020 
APAC (g)154 616 
Engineering24 354 
Other(280)(1,020)
(3,993)(2,818)
Derivatives – net of taxes75 4 
Pension/OPEB funded status obligation (net of $305 million and $560 million tax benefit in 2021 and 2020) (Note 16)
(1,130)(1,876)
$(5,048)$(4,690)
(a)Depreciation and amortization expense in 2021 include $1,245 million and $618 million, respectively, of Linde AG purchase accounting impacts. In 2020, depreciation and amortization expense include $1,267 million and $653 million, respectively, of Linde AG purchase accounting impacts.
(b)In December 2020, the company repaid $500 million of 4.05% notes and $500 million of 3.00% notes that were due in 2021 resulting in a $16 million interest charge.
(c)In 2021, 2020 and 2019 noncontrolling interests from continuing operations includes $15 million, $57 million and $54 million, respectively, of Linde AG purchase accounting impacts. The decrease in 2021 is primarily related to the deconsolidation of a joint venture with operations in APAC (see Note 2) and the buyout of minority interests in the Republic of South Africa (see Note 14).
(d)    Includes estimated income tax payments of $122 million in 2021 and $115 million in 2020.
(e)    Consists primarily of insurance contracts and other investments to be utilized for non-qualified pension and OPEB obligations.
(f)    The balances at December 31, 2021 and 2020 are net of reserves of $33 million and $34 million, respectively. The amounts in both years relate primarily to long-term notes receivable from customers in APAC and EMEA and government receivables in Brazil. (g)    Americas consists of currency translation adjustments primarily in Canada, Mexico, and Brazil. EMEA relates primarily to Germany, the U.K. and Sweden. APAC relates primarily to China, South Korea, India and Australia.