XML 32 R18.htm IDEA: XBRL DOCUMENT v3.22.0.1
Goodwill
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill GOODWILL
Changes in the carrying amount of goodwill for the years ended December 31, 2021 and 2020 were as follows:
(Millions of dollars)AmericasEMEAAPACEngineeringOtherTotal
Balance, December 31, 2019$9,042 $10,243 $4,957 $2,470 $307 $27,019 
Acquisitions13 — — — — 13 
Foreign currency translation and other35 643 305 212 23 1,218 
Disposals(7)(42)— — — (49)
Balance, December 31, 20209,083 10,844 5,262 2,682 330 28,201 
Acquisitions45 — — — 46 
Foreign currency translation and other(41)(559)(173)(186)(7)(966)
Disposals (Note 2)— (8)(235)— — (243)
Balance, December 31, 2021$9,087 $10,278 $4,854 $2,496 $323 $27,038 
Linde has performed its goodwill impairment tests annually during the fourth quarter of each year and has determined that the fair value of each of its reporting units was substantially in excess of its carrying value. For the 2021 test, the company applied the FASB's accounting guidance which allows the company to first assess qualitative factors to determine the extent of additional quantitative analysis, if any, that may be required to test goodwill for impairment. Based on the qualitative assessments performed, the company concluded that it was more likely than not that the fair value of each reporting unit substantially exceeded its carrying value and therefore, further quantitative analysis was not required. As a result, no impairment was recorded. There were no indicators of impairment through December 31, 2021.