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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Sales $ 8,155 $ 8,797 $ 24,552 $ 25,465
Cost of sales, exclusive of depreciation and amortization 4,314 5,285 13,061 15,023
Selling, general and administrative 808 770 2,463 2,343
Depreciation and amortization 959 1,045 2,867 3,248
Research and development 36 35 107 107
Other charges 2 15 42 1,004
Other income (expense) - net 16 (34) (16) (58)
Operating Profit 2,052 1,613 5,996 3,682
Interest expense - net 40 18 129 32
Net pension and OPEB cost (benefit), excluding service cost (35) (53) (125) (179)
Income Before Income Taxes and Equity Investments 2,047 1,648 5,992 3,829
Income taxes 487 391 1,355 1,046
Income Before Equity Investments 1,560 1,257 4,637 2,783
Income from equity investments 41 43 128 137
Net Income (Including Noncontrolling Interests) 1,601 1,300 4,765 2,920
Less: noncontrolling interests (36) (27) (109) (101)
Net Income – Linde plc $ 1,565 $ 1,273 $ 4,656 $ 2,819
Per Share Data – Linde plc Shareholders        
Basic earnings per share (in dollars per share) $ 3.21 $ 2.56 $ 9.51 $ 5.62
Diluted earnings per share (in dollars per share) $ 3.19 $ 2.54 $ 9.43 $ 5.57
Weighted Average Shares Outstanding (000’s):        
Basic shares outstanding (in shares) 487,122 497,186 489,518 501,743
Diluted shares outstanding (in shares) 491,076 501,151 493,567 506,012