Retirement Programs

9 Months Ended

Sep. 30, 2025

Retirement Benefits [Abstract]

Retirement Programs

Retirement Programs

The components of net pension and postretirement benefits other than pensions (“OPEB”) costs for the quarter and nine months ended September 30, 2025 and 2024 are shown below:

	Quarter Ended September 30,				Nine Months Ended September 30,
(Millions of dollars)	2025		2024		2025		2024
Amount recognized in Operating Profit
Service cost	$	21	$	21	$	62	$	63
Amount recognized in Net pension and OPEB cost (benefit), excluding service cost
Interest cost	91		91		266		273
Expected return on plan assets	(142)		(140)		(416)		(415)
Net amortization and deferral (gain) loss	(8)		(2)		(24)		(8)
Settlement charge (a)	2		6		2		6
	(57)		(45)		(172)		(144)
Net periodic benefit cost (benefit)	$	(36)	$	(24)	$	(110)	$	(81)

(a) In the third quarters of 2025 and 2024, Linde recorded pension settlement charges of $2 million and $6 million ($2 million and $5 million, after tax), respectively, related to lump sum benefit payments made from a U.S. non-qualified plan.

Components of net periodic benefit expense for other post-retirement plans for the quarter and nine months ended September 30, 2025 and 2024 were not material.

Linde estimates that 2025 required contributions to its pension plans will be in the range of approximately $25 million to $35 million, of which $20 million have been made through September 30, 2025.