Equity (Tables)

9 Months Ended

Sep. 30, 2024

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


	Quarter Ended September 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	$	38,179	$	1,359	$	39,538	$	39,911	$	1,324	$	41,235
Net income (a)	1,550		53		1,603		1,565		36		1,601
Other comprehensive income (loss)	735		29		764		(777)		(13)		(790)
Noncontrolling interests:
Additions (reductions)	—		(1)		(1)		—		(1)		(1)
Dividends and other capital changes	—		(23)		(23)		—		(19)		(19)

Dividends to Linde plc ordinary share holders ($1.39 per share in 2024 and $1.275 per share in 2023)	(662)		—		(662)		(620)		—		(620)
Issuances of ordinary shares:

For employee savings and incentive plans	(1)		—		(1)		(19)		—		(19)

Purchases of ordinary shares	(670)		—		(670)		(1,198)		—		(1,198)

Share-based compensation	42		—		42		36		—		36
Balance, end of period	$	39,173	$	1,417	$	40,590	$	38,898	$	1,327	$	40,225


	Nine Months Ended September 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)	4,840		128		4,968		4,656		109		4,765
Other comprehensive income (loss)	(254)		4		(250)		(894)		(38)		(932)
Noncontrolling interests:
Additions (reductions)	—		10		10		(11)		(6)		(17)
Dividends and other capital changes	—		(87)		(87)		—		(84)		(84)

Dividends to Linde plc ordinary share holders ($4.17 per share in 2024 and $3.83 per share in 2023)	(1,996)		—		(1,996)		(1,866)		—		(1,866)
Issuances of ordinary shares:

For employee savings and incentive plans	(142)		—		(142)		(117)		—		(117)

Purchases of ordinary shares	(3,115)		—		(3,115)		(3,000)		—		(3,000)

Share-based compensation	120		—		120		102		—		102
Balance, end of period	$	39,173	$	1,417	$	40,590	$	38,898	$	1,327	$	40,225

(a)Net income for noncontrolling interests excludes net income related to redeemable noncontrolling interests which is not significant for the quarter and nine months ended September 30, 2024 and 2023 and which is not part of total equity.

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

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


(Millions of dollars)	September 30, 2024		December 31, 2023
Cumulative translation adjustment - net of taxes:
Americas	$	(4,074)	$	(3,618)
EMEA	(679)		(737)
APAC	(848)		(1,037)
Engineering	(39)		(93)
Other	19		113
	(5,621)		(5,372)
Derivatives - net of taxes	7		7

Pension / OPEB (net of $67 million and $60 million tax benefit at September 30, 2024 and December 31, 2023, respectively)	(445)		(440)
	$	(6,059)	$	(5,805)