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Debt (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Long-term And Short-term Debt
The following is a summary of Linde's outstanding debt at June 30, 2022 and December 31, 2021:
(Millions of dollars)June 30,
2022
December 31,
2021
SHORT-TERM
Commercial paper$2,974 $278 
Other bank borrowings (primarily non U.S.)241 885 
Total short-term debt3,215 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 (e)
— 500 
2.70% Notes due 2023
500 500 
2.00% Euro denominated notes due 2023 (b)
691 759 
5.875% GBP denominated notes due 2023 (b)
381 432 
1.20% Euro denominated notes due 2024
576 625 
1.875% Euro denominated notes due 2024 (b)
322 356 
2.65% Notes due 2025
399 399 
1.625% Euro denominated notes due 2025
521 565 
0.00% Euro denominated notes due 2026
736 799 
3.20% Notes due 2026
725 725 
3.434% Notes due 2026
198 197 
1.652% Euro denominated notes due 2027
86 94 
0.250% Euro denominated notes due 2027
785 850 
1.00% Euro denominated notes due 2027 (d)
522 — 
1.00% Euro denominated notes due 2028 (b)
761 879 
1.10% Notes due 2030
696 696 
1.90% Euro denominated notes due 2030
109 118 
1.375% Euro denominated notes due 2031 (d)
778 — 
0.550% Euro denominated notes due 2032
781 847 
0.375% Euro denominated notes due 2033
521 565 
1.625% Euro denominated notes due 2035 (d)
828 — 
3.55% Notes due 2042
664 664 
2.00% Notes due 2050
296 296 
1.00% Euro denominated notes due 2051
726 788 
Non U.S borrowings216 243 
Other10 10 
12,828 13,044 
Less: current portion of long-term debt(1,651)(1,709)
Total long-term debt11,177 11,335 
Total debt$16,043 $14,207 
 
(a)Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable.
(b)June 30, 2022 and December 31, 2021 included a cumulative $19 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.
(e)In May 2022, Linde repaid $500 million of 2.20% notes due in August 2022. There was no impact to interest within the consolidated statements of income.