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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operations    
Net Income – Linde plc $ 1,174 $ 980
Less: Income from discontinued operations, net of tax and noncontrolling interests 0 (1)
Add: Noncontrolling interests from continuing operations 36 38
Income from continuing operations (including noncontrolling interests) 1,210 1,017
Adjustments to reconcile net income to net cash provided by operating activities:    
Cost reduction programs and other charges, net of payments (34) (76)
Depreciation and amortization 1,112 1,166
Deferred income taxes (59) (65)
Share-based compensation 34 29
Working capital:    
Accounts receivable (340) (178)
Inventory (35) (60)
Prepaid and other current assets (107) (64)
Payables and accruals 51 69
Contract assets and liabilities, net 192 191
Pension contributions (13) (12)
Long-term assets, liabilities and other (11) 92
Net cash provided by operating activities 2,000 2,109
Investing    
Capital expenditures (649) (762)
Acquisitions, net of cash acquired (43) (10)
Divestitures and asset sales, net of cash divested 27 21
Net cash provided by (used for) investing activities (665) (751)
Financing    
Short-term debt borrowings (repayments) - net 1,416 704
Long-term debt borrowings 2,296 34
Long-term debt repayments (1,166) (57)
Issuances of ordinary shares 10 17
Purchases of ordinary shares (1,719) (868)
Cash dividends - Linde plc shareholders (592) (553)
Noncontrolling interest transactions and other (1) (247)
Net cash provided by (used for) financing activities 244 (970)
Effect of exchange rate changes on cash and cash equivalents 62 (46)
Change in cash and cash equivalents 1,641 342
Cash and cash equivalents, beginning-of-period 2,823 3,754
Cash and cash equivalents, end-of-period $ 4,464 $ 4,096