Equity

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Equity

Equity

Equity

A summary of the changes in total equity for the quarter and six months ended June 30, 2022 and 2021 is provided below:

	Quarter Ended June 30,
(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	$	42,963	$	1,414	$	44,377	$	46,210	$	1,410	$	47,620
Net income (a)	372		38		410		841		36		877
Other comprehensive income (loss)	(1,528)		(17)		(1,545)		437		9		446
Noncontrolling interests:
Additions (reductions) (b)	—		(53)		(53)		—		7		7
Dividends and other capital changes	—		(29)		(29)		—		(24)		(24)
Dividends to Linde plc ordinary share holders ($1.17 per share in 2022 and $1.06 per share in 2021)	(585)		—		(585)		(549)		—		(549)
Issuances of ordinary shares:
For employee savings and incentive plans	7		—		7		(9)		—		(9)
Purchases of ordinary shares	(1,572)		—		(1,572)		(1,187)		—		(1,187)
Share-based compensation	17		—		17		34		—		34
Balance, end of period	$	39,674	$	1,353	$	41,027	$	45,777	$	1,438	$	47,215

	Six Months Ended June 30,
(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)	1,546		74		1,620		1,821		74		1,895
Other comprehensive income (loss)	(1,418)		(29)		(1,447)		(218)		3		(215)
Noncontrolling interests:
Additions (reductions) (b)	—		(49)		(49)		—		(846)		(846)
Dividends and other capital changes	—		(36)		(36)		—		(45)		(45)
Dividends to Linde plc ordinary share holders ($2.34 per share in 2022 and $2.12 per share in 2021)	(1,177)		—		(1,177)		(1,102)		—		(1,102)
Issuances of ordinary shares:
For employee savings and incentive plans	(39)		—		(39)		(11)		—		(11)
Purchases of ordinary shares	(3,324)		—		(3,324)		(2,093)		—		(2,093)
Share-based compensation	51		—		51		63		—		63
Balance, end of period	$	39,674	$	1,353	$	41,027	$	45,777	$	1,438	$	47,215

(a) Net income for noncontrolling interests excludes net income related to redeemable noncontrolling interests which is not significant for the quarter and six months ended June 30, 2022 and 2021 and which is not part of total equity.

(b) Additions (reductions) for noncontrolling interests for the quarter and six months ended June 30, 2022 includes the impact of deconsolidating the company's Russian gas and engineering business entities (refer to Note 2). Additions (reductions) for noncontrolling interests for the six months ended June 30, 2021 includes the impact from the deconsolidation of a joint venture with operations in APAC.

The components of AOCI are as follows:

	June 30,		December 31,
(Millions of dollars)	2022		2021
Cumulative translation adjustment - net of taxes:
Americas	$	(3,928)	$	(3,985)
EMEA	(1,384)		94
APAC	(683)		154
Engineering	(338)		24
Other	718		(280)
	(5,615)		(3,993)
Derivatives - net of taxes	147		75
Pension / OPEB (net of $276 million and $305 million tax benefit in June 30, 2022 and December 31, 2021, respectively)	(998)		(1,130)
	$	(6,466)	$	(5,048)