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Debt
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Debt Debt
The following is a summary of Linde's outstanding debt at March 31, 2022 and December 31, 2021:
(Millions of dollars)March 31,
2022		December 31,
2021
SHORT-TERM
Commercial paper$2,249 $278 
Other bank borrowings (primarily non U.S.)300 885 
Total short-term debt2,549 1,163 
LONG-TERM (a)
(U.S. dollar denominated unless otherwise noted)
0.250% Euro denominated notes due 2022 (b) (c)
— 1,137 
2.20% Notes due 2022
500 500 
2.70% Notes due 2023
500 500 
2.00% Euro denominated notes due 2023 (b)
735 759 
5.875% GBP denominated notes due 2023 (b)
415 432 
1.20% Euro denominated notes due 2024
608 625 
1.875% Euro denominated notes due 2024 (b)
342 356 
2.65% Notes due 2025
399 399 
1.625% Euro denominated notes due 2025
550 565 
0.00% Euro denominated notes due 2026
777 799 
3.20% Notes due 2026
725 725 
3.434% Notes due 2026
198 197 
1.652% Euro denominated notes due 2027
91 94 
0.250% Euro denominated notes due 2027
828 850 
1.00% Euro denominated notes due 2027 (d)
551 — 
1.00% Euro denominated notes due 2028 (b)
824 879 
1.10% Notes due 2030
696 696 
1.90% Euro denominated notes due 2030
115 118 
1.375% Euro denominated notes due 2031 (d)
821 — 
0.550% Euro denominated notes due 2032
824 847 
0.375% Euro denominated notes due 2033
550 565 
1.625% Euro denominated notes due 2035 (d)
874 — 
3.55% Notes due 2042
664 664 
2.00% Notes due 2050
296 296 
1.00% Euro denominated notes due 2051
767 788 
Non U.S borrowings247 243 
Other10 10 
13,907 13,044 
Less: current portion of long-term debt(1,074)(1,709)
Total long-term debt12,833 11,335 
Total debt$16,456 $14,207 
 
(a)Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable.
(b)March 31, 2022 and December 31, 2021 included a cumulative $4 million and $42 million adjustment to carrying value, respectively, related to hedge accounting of interest rate swaps. Refer to Note 5.
(c)In January 2022, Linde repaid €1.0 billion of 0.250% notes that became due.
(d)In March 2022, Linde issued €500 million of 1.000% notes due 2027, €750 million of 1.375% notes due 2031, and €800 million of 1.625% notes due 2035.
The company maintains a $5 billion unsecured revolving credit agreement with a syndicate of banking institutions that expires March 26, 2024. There are no financial maintenance covenants contained within the credit agreement. No borrowings were outstanding under the credit agreement as of March 31, 2022.