Equity (Tables)

6 Months Ended

Jun. 30, 2024

A summary of the changes in total equity for the quarter and six months ended June 30, 2024 and 2023 is provided below:


	Quarter Ended June 30,
(Millions of dollars)	2024						2023
Activity	Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity		Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity
Balance, beginning of period	$	38,829	$	1,387	$	40,216	$	39,970	$	1,353	$	41,323
Net income (a)	1,663		37		1,700		1,575		37		1,612
Other comprehensive income (loss)	(266)		(10)		(276)		(89)		(23)		(112)
Noncontrolling interests:
Additions (reductions)	—		—		—		(11)		(7)		(18)
Dividends and other capital changes	—		(55)		(55)		—		(36)		(36)

Dividends to Linde plc ordinary share holders ($1.39 per share in 2024 and $1.275 per share in 2023)	(665)		—		(665)		(623)		—		(623)
Issuances of ordinary shares:

For employee savings and incentive plans	(15)		—		(15)		(35)		—		(35)

Purchases of ordinary shares	(1,407)		—		(1,407)		(912)		—		(912)

Share-based compensation	40		—		40		36		—		36
Balance, end of period	$	38,179	$	1,359	$	39,538	$	39,911	$	1,324	$	41,235


	Six Months Ended June 30,
(Millions of dollars)	2024						2023
Activity	Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity		Linde plc Shareholders’ Equity		Noncontrolling Interests		Total Equity
Balance, beginning of period	$	39,720	$	1,362	$	41,082	$	40,028	$	1,346	$	41,374
Net income (a)	3,290		75		3,365		3,091		73		3,164
Other comprehensive income (loss)	(989)		(25)		(1,014)		(117)		(25)		(142)
Noncontrolling interests:
Additions (reductions)	—		11		11		(11)		(5)		(16)
Dividends and other capital changes	—		(64)		(64)		—		(65)		(65)

Dividends to Linde plc ordinary share holders ($2.78 per share in 2024 and $2.55 per share in 2023)	(1,334)		—		(1,334)		(1,246)		—		(1,246)
Issuances of ordinary shares:

For employee savings and incentive plans	(141)		—		(141)		(98)		—		(98)

Purchases of ordinary shares	(2,445)		—		(2,445)		(1,802)		—		(1,802)

Share-based compensation	78		—		78		66		—		66
Balance, end of period	$	38,179	$	1,359	$	39,538	$	39,911	$	1,324	$	41,235

(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, 2024 and 2023 and which is not part of total equity.

Summary of Components of Accumulated Other Comprehensive Income (Loss)

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


	June 30,		December 31,
(Millions of dollars)	2024		2023
Cumulative translation adjustment - net of taxes:
Americas	$	(4,055)	$	(3,618)
EMEA	(1,100)		(737)
APAC	(1,433)		(1,037)
Engineering	(248)		(93)
Other	471		113
	(6,365)		(5,372)
Derivatives - net of taxes	3		7

Pension / OPEB (net of $67 million and $60 million tax benefit at June 30, 2024 and December 31, 2023, respectively)	(432)		(440)
	$	(6,794)	$	(5,805)