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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operations    
Net Income – Linde plc $ 1,546 $ 1,821
Less: Income from discontinued operations, net of tax and noncontrolling interests 0 (2)
Add: Noncontrolling interests from continuing operations 74 74
Income from continuing operations (including noncontrolling interests) 1,620 1,893
Adjustments to reconcile net income to net cash provided by operating activities:    
Russia-Ukraine conflict and other charges, net of payments 922 95
Depreciation and amortization 2,203 2,337
Deferred income taxes (221) (78)
Share-based compensation 51 63
Working capital:    
Accounts receivable (543) (388)
Inventory (144) (42)
Prepaid and other current assets (123) (20)
Payables and accruals 70 39
Contract assets and liabilities, net 243 51
Pension contributions (19) (28)
Long-term assets, liabilities and other 74 14
Net cash provided by operating activities 4,133 3,936
Investing    
Capital expenditures (1,475) (1,506)
Acquisitions, net of cash acquired (49) (31)
Divestitures and asset sales, net of cash divested 17 77
Net cash provided by (used for) investing activities (1,507) (1,460)
Financing    
Short-term debt borrowings (repayments) - net 2,172 1,081
Long-term debt borrowings 2,291 51
Long-term debt repayments (1,703) (818)
Issuances of ordinary shares 22 32
Purchases of ordinary shares (3,329) (2,082)
Cash dividends - Linde plc shareholders (1,177) (1,102)
Noncontrolling interest transactions and other (35) (277)
Net cash provided by (used for) financing activities (1,759) (3,115)
Effect of exchange rate changes on cash and cash equivalents (35) 22
Change in cash and cash equivalents 832 (617)
Cash and cash equivalents, beginning-of-period 2,823 3,754
Cash and cash equivalents, end-of-period $ 3,655 $ 3,137