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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operations    
Net income - Linde plc $ 5,368 $ 4,840
Add: Noncontrolling interests 117 128
Net Income (including noncontrolling interests) 5,485 4,968
Adjustments to reconcile net income to net cash provided by operating activities:    
Cost reduction program and other charges (71) 52
Depreciation and amortization 2,813 2,867
Deferred income taxes (458) (308)
Share-based compensation 133 120
Working capital:    
Accounts receivable (379) (198)
Inventory (37) 32
Prepaid and other current assets (4) (62)
Payables and accruals (65) (378)
Contract assets and liabilities, net 24 (310)
Pension contributions (20) (29)
Long-term assets, liabilities and other (101) (140)
Net cash provided by (used for) operating activities 7,320 6,614
Investing    
Capital expenditures (3,803) (3,247)
Acquisitions, net of cash acquired (393) (175)
Divestitures, net of cash divested and asset sales 31 154
Other investing, net (95) 0
Net cash provided by (used for) investing activities (4,260) (3,268)
Financing    
Short-term debt borrowings (repayments) - net 507 (1,235)
Long-term debt borrowings 3,064 4,836
Long-term debt repayments (1,654) (973)
Issuances of ordinary shares 20 28
Purchases of ordinary shares (3,211) (3,148)
Cash dividends - Linde plc shareholders (2,113) (1,996)
Noncontrolling interest transactions and other (149) (261)
Net cash provided by (used for) financing activities (3,536) (2,749)
Effect of exchange rate changes on cash and cash equivalents 135 (74)
Change in cash and cash equivalents (341) 523
Cash and cash equivalents, beginning-of-period 4,850 4,664
Cash and cash equivalents, end-of-period $ 4,509 $ 5,187