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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Sales $ 8,457 $ 7,584 $ 16,668 $ 14,827
Cost of sales, exclusive of depreciation and amortization 4,940 4,194 9,738 8,248
Selling, general and administrative 771 822 1,573 1,609
Depreciation and amortization 1,091 1,171 2,203 2,337
Research and development 37 34 72 69
Russia-Ukraine conflict and other charges 993 204 989 196
Other income (expense) - net (36) (17) (24) (13)
Operating Profit 589 1,142 2,069 2,355
Interest expense - net 5 18 14 38
Net pension and OPEB cost (benefit), excluding service cost (62) (49) (126) (98)
Income From Continuing Operations Before Income Taxes and Equity Investments 646 1,173 2,181 2,415
Income taxes on continuing operations 286 334 655 602
Income From Continuing Operations Before Equity Investments 360 839 1,526 1,813
Income from equity investments 50 37 94 80
Income From Continuing Operations (Including Noncontrolling Interests) 410 876 1,620 1,893
Income from discontinued operations, net of tax 0 1 0 2
Net Income (Including Noncontrolling Interests) 410 877 1,620 1,895
Less: noncontrolling interests from continuing operations (38) (36) (74) (74)
Net Income – Linde plc 372 841 1,546 1,821
Income from continuing operations 372 840 1,546 1,819
Income from discontinued operations $ 0 $ 1 $ 0 $ 2
Per Share Data – Linde plc Shareholders        
Basic earnings per share from continuing operations (in dollars per share) $ 0.74 $ 1.62 $ 3.07 $ 3.49
Basic earnings per share from discontinued operations (in dollars per share) 0 0 0 0
Basic earnings per share (in dollars per share) 0.74 1.62 3.07 3.49
Diluted earnings per share from continuing operations (in dollars per share) 0.74 1.60 3.04 3.46
Diluted earnings per share from discontinued operations (in dollars per share) 0 0 0 0
Diluted earnings per share (in dollars per share) $ 0.74 $ 1.60 $ 3.04 $ 3.46
Weighted Average Shares Outstanding (000’s):        
Basic shares outstanding (in shares) 501,034 518,950 504,093 520,691
Diluted shares outstanding (in shares) 505,269 523,723 508,432 525,380