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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operations    
Net income - Linde plc $ 1,857 $ 1,673
Add: Noncontrolling interests 43 34
Net Income (including noncontrolling interests) 1,900 1,707
Adjustments to reconcile net income to net cash provided by operating activities:    
Cost reduction program and other charges (44) 18
Depreciation and amortization 951 910
Deferred income taxes 8 9
Share-based compensation 41 42
Working capital:    
Accounts receivable (361) (230)
Inventory (48) 9
Prepaid and other current assets (52) 26
Payables and accruals 35 (209)
Contract assets and liabilities, net (108) (65)
Pension contributions (7) (5)
Long-term assets, liabilities and other (75) (51)
Net cash provided by (used for) operating activities 2,240 2,161
Investing    
Capital expenditures (1,342) (1,270)
Acquisitions, net of cash acquired (153) (112)
Divestitures, net of cash divested and asset sales 112 13
Other investing, net (1) 0
Net cash provided by (used for) investing activities (1,384) (1,369)
Financing    
Short-term debt borrowings (repayments) - net 339 165
Long-term debt borrowings 58 2,340
Long-term debt repayments (733) (1,012)
Issuances of ordinary shares 3 11
Purchases of ordinary shares (807) (1,111)
Cash dividends - Linde plc shareholders (741) (708)
Noncontrolling interest transactions and other (87) (73)
Net cash provided by (used for) financing activities (1,968) (388)
Effect of exchange rate changes on cash and cash equivalents 15 40
Change in cash and cash equivalents (1,097) 444
Cash and cash equivalents, beginning-of-period 5,056 4,850
Cash and cash equivalents, end-of-period $ 3,959 $ 5,294