Equity (Tables)

6 Months Ended

Jun. 30, 2023

A summary of the changes in total equity for the quarter and six months ended June 30, 2023 and 2022 is provided below:


	Quarter Ended June 30,
(Millions of dollars)	2023						2022
Activity	Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity		Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity
Balance, beginning of period	$	39,970	$	1,353	$	41,323	$	42,963	$	1,414	$	44,377
Net income (a)	1,575		37		1,612		372		38		410
Other comprehensive income (loss)	(89)		(23)		(112)		(1,528)		(17)		(1,545)
Noncontrolling interests:
Additions (reductions)	(11)		(7)		(18)		—		(53)		(53)
Dividends and other capital changes	—		(36)		(36)		—		(29)		(29)

Dividends to Linde plc ordinary share holders ($1.275 per share in 2023 and $1.17 per share in 2022)	(623)		—		(623)		(585)		—		(585)
Issuances of ordinary shares:

For employee savings and incentive plans	(35)		—		(35)		7		—		7

Purchases of ordinary shares	(912)		—		(912)		(1,572)		—		(1,572)

Share-based compensation	36		—		36		17		—		17
Balance, end of period	$	39,911	$	1,324	$	41,235	$	39,674	$	1,353	$	41,027


	Six Months Ended June 30,
(Millions of dollars)	2023						2022
Activity	Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity		Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity
Balance, beginning of period	$	40,028	$	1,346	$	41,374	$	44,035	$	1,393	$	45,428
Net income (a)	3,091		73		3,164		1,546		74		1,620
Other comprehensive income (loss)	(117)		(25)		(142)		(1,418)		(29)		(1,447)
Noncontrolling interests:
Additions (reductions)	(11)		(5)		(16)		—		(49)		(49)
Dividends and other capital changes	—		(65)		(65)		—		(36)		(36)

Dividends to Linde plc ordinary share holders ($2.55 per share in 2023 and $2.34 per share in 2022)	(1,246)		—		(1,246)		(1,177)		—		(1,177)
Issuances of ordinary shares:

For employee savings and incentive plans	(98)		—		(98)		(39)		—		(39)

Purchases of ordinary shares	(1,802)		—		(1,802)		(3,324)		—		(3,324)

Share-based compensation	66		—		66		51		—		51
Balance, end of period	$	39,911	$	1,324	$	41,235	$	39,674	$	1,353	$	41,027

(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, 2023 and 2022 and which is not part of total equity.

Summary of Components of AOCI

The components of Accumulated other comprehensive income (loss) are as follows:


	June 30,		December 31,
(Millions of dollars)	2023		2022
Cumulative translation adjustment - net of taxes:
Americas	$	(3,572)	$	(3,942)
EMEA	(881)		(1,249)
APAC	(1,238)		(835)
Engineering	(165)		(241)
Other	231		483
	(5,625)		(5,784)
Derivatives - net of taxes	(9)		62

Pension / OPEB (net of $11 million tax benefit and $54 million tax obligation at June 30, 2023 and December 31, 2022, respectively)	(265)		(60)
	$	(5,899)	$	(5,782)