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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Sales $ 8,204 $ 8,457 $ 16,397 $ 16,668
Cost of sales, exclusive of depreciation and amortization 4,316 4,940 8,747 9,738
Selling, general and administrative 833 771 1,655 1,573
Depreciation and amortization 960 1,091 1,908 2,203
Research and development 35 37 71 72
Other charges 22 993 40 989
Other income (expense) - net (27) (36) (32) (24)
Operating Profit 2,011 589 3,944 2,069
Interest expense - net 52 5 89 14
Net pension and OPEB cost (benefit), excluding service cost (45) (62) (90) (126)
Income Before Income Taxes and Equity Investments 2,004 646 3,945 2,181
Income taxes 438 286 868 655
Income Before Equity Investments 1,566 360 3,077 1,526
Income from equity investments 46 50 87 94
Net Income (Including Noncontrolling Interests) 1,612 410 3,164 1,620
Less: noncontrolling interests (37) (38) (73) (74)
Net Income – Linde plc $ 1,575 $ 372 $ 3,091 $ 1,546
Per Share Data – Linde plc Shareholders        
Basic earnings per share (in dollars per share) $ 3.22 $ 0.74 $ 6.30 $ 3.07
Diluted earnings per share (in dollars per share) $ 3.19 $ 0.74 $ 6.25 $ 3.04
Weighted Average Shares Outstanding (000’s):        
Basic shares outstanding (in shares) 489,618 501,034 490,727 504,093
Diluted shares outstanding (in shares) 493,549 505,269 494,685 508,432