Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The following is a summary of Linde's outstanding debt at September 30, 2024 and December 31, 2023:

(Millions of dollars)	September 30, 2024		December 31, 2023
SHORT-TERM
Commercial paper	$	3,278	$	4,483
Other bank borrowings (primarily non U.S.)	231		230
Total short-term debt	3,509		4,713
LONG-TERM (a)
(U.S. dollar denominated unless otherwise noted)
1.20% Euro denominated notes due 2024 (c)	—		607
1.875% Euro denominated notes due 2024 (b,e)	—		332
4.800% Notes due 2024	300		300
4.700% Notes due 2025	599		599
2.65% Notes due 2025	400		399
1.625% Euro denominated notes due 2025	556		550
3.625% Euro denominated notes due 2025	556		551
0.00% Euro denominated notes due 2026	781		774
3.20% Notes due 2026	725		724
3.434% Notes due 2026	199		198
1.652% Euro denominated notes due 2027	90		90
0.25% Euro denominated notes due 2027	834		827
1.00% Euro denominated notes due 2027	558		553
1.00% Euro denominated notes due 2028 (b)	796		780
3.00% Euro denominated notes due 2028 (d)	776		—
3.375% Euro denominated notes due 2029	832		824
1.10% Notes due 2030	697		697
1.90% Euro denominated notes due 2030	115		114
3.375% Euro denominated notes due 2030 (f)	830		—
1.375% Euro denominated notes due 2031	837		829
3.20% Euro denominated notes due 2031 (d)	944		—
0.55% Euro denominated notes due 2032	831		823
0.375% Euro denominated notes due 2033	551		546
3.625% Euro denominated notes due 2034	720		714
3.500% Euro denominated notes due 2034 (f)	827		—
1.625% Euro denominated notes due 2035	885		876
3.40% Euro denominated notes due 2036 (d)	773		—
3.55% Notes due 2042	666		666
3.75% Euro denominated notes due 2044 (f)	764		—
2.00% Notes due 2050	297		296
1.00% Euro denominated notes due 2051	762		755
Non U.S. borrowings	242		226
Other	10		10
	18,753		14,660
Less: current portion of long-term debt	(1,278)		(1,263)
Total long-term debt	17,475		13,397
Total debt	$	22,262	$	19,373

(a)Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable.

(b)September 30, 2024 and December 31, 2023 included a cumulative $36 million and $46 million adjustment to carrying value, respectively, related to hedge accounting of interest rate swaps. Refer to Note 4.

(c)In February 2024, Linde repaid €550 million of 1.20% notes that became due.

(d)In February 2024, Linde issued €700 million of 3.00% notes due in 2028, €850 million of 3.20% notes due in 2031 and €700 million of 3.40% notes due in 2036.

(e)In May 2024, Linde repaid €300 million of 1.875% notes that became due.

(f)In June 2024, Linde issued €750 million of 3.375% notes due in 2030, €750 million of 3.500% notes due in 2034 and €700 million of 3.750% notes due in 2044.