Equity (Tables)

3 Months Ended

Mar. 31, 2022

A summary of the changes in total equity for the quarters ended March 31, 2022 and 2021 is provided below:


	Quarter Ended March 31,
(Millions of dollars)	2022						2021
Activity	Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity		Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity
Balance, beginning of period	$	44,035	$	1,393	$	45,428	$	47,317	$	2,252	$	49,569
Net income (a)	1,174		36		1,210		980		38		1,018
Other comprehensive income (loss)	110		(12)		98		(655)		(6)		(661)
Noncontrolling interests:
Additions (reductions) (b)	—		4		4		—		(853)		(853)
Dividends and other capital changes	—		(7)		(7)		—		(21)		(21)

Dividends to Linde plc ordinary share holders ($1.17 per share in 2022 and $1.06 per share in 2021)	(592)		—		(592)		(553)		—		(553)
Issuances of ordinary shares:

For employee savings and incentive plans	(46)		—		(46)		(2)		—		(2)

Purchases of ordinary shares	(1,752)		—		(1,752)		(906)		—		(906)

Share-based compensation	34		—		34		29		—		29
Balance, end of period	$	42,963	$	1,414	$	44,377	$	46,210	$	1,410	$	47,620

(a) Net income for noncontrolling interests excludes net income related to redeemable noncontrolling interests which is not significant for the three months ended March 31, 2022 and 2021 and which is not part of total equity.

(b) Additions (reductions) for noncontrolling interests for the three months ended March 31, 2021, includes the impact from the deconsolidation of a joint venture with operations in APAC.

Summary of Components of AOCI

The components of AOCI are as follows:


	March 31,		December 31,
(Millions of dollars)	2022		2021
Cumulative translation adjustment - net of taxes:
Americas	$	(3,652)	$	(3,985)
EMEA	(402)		94
APAC	162		154
Engineering	(100)		24
Other	59		(280)
	(3,933)		(3,993)
Derivatives - net of taxes	72		75

Pension / OPEB (net of $284 million and $305 million tax benefit in March 31, 2022 and December 31, 2021, respectively)	(1,077)		(1,130)
	$	(4,938)	$	(5,048)