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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operations    
Net income - Linde plc $ 1,673 $ 1,627
Add: Noncontrolling interests 34 38
Net Income (including noncontrolling interests) 1,707 1,665
Adjustments to reconcile net income to net cash provided by operating activities:    
Cost reduction program and other charges 18 (55)
Depreciation and amortization 910 949
Deferred income taxes 9 (35)
Share-based compensation 42 38
Working capital:    
Accounts receivable (230) (361)
Inventory 9 (27)
Prepaid and other current assets 26 (50)
Payables and accruals (209) (65)
Contract assets and liabilities, net (65) (50)
Pension contributions (5) (11)
Long-term assets, liabilities and other (51) (44)
Net cash provided by (used for) operating activities 2,161 1,954
Investing    
Capital expenditures (1,270) (1,048)
Acquisitions, net of cash acquired (112) 0
Divestitures, net of cash divested and asset sales 13 7
Net cash provided by (used for) investing activities (1,369) (1,041)
Financing    
Short-term debt borrowings (repayments) - net 165 (631)
Long-term debt borrowings 2,340 2,456
Long-term debt repayments (1,012) (610)
Issuances of ordinary shares 11 16
Purchases of ordinary shares (1,111) (1,041)
Cash dividends - Linde plc shareholders (708) (669)
Noncontrolling interest transactions and other (73) (189)
Net cash provided by (used for) financing activities (388) (668)
Effect of exchange rate changes on cash and cash equivalents 40 (61)
Change in cash and cash equivalents 444 184
Cash and cash equivalents, beginning-of-period 4,850 4,664
Cash and cash equivalents, end-of-period $ 5,294 $ 4,848