Supplemental Information

3 Months Ended

Mar. 31, 2026

Receivables

Linde applies loss rates that are lifetime expected credit losses at initial recognition of the receivables. These expected loss rates are based on an analysis of the actual historical default rates for each business, taking regional circumstances into account. If necessary, these historical default rates are adjusted to reflect the impact of current changes in the macroeconomic environment using forward-looking information. The loss rates are also evaluated based on the expectations of the responsible management team regarding the collectability of the receivables. Gross trade receivables aged less than one year were $5,352 million and $5,032 million at March 31, 2026 and December 31, 2025, respectively, and gross receivables aged greater than one year were $435 million and $377 million at March 31, 2026 and December 31, 2025, respectively. Gross other receivables were $133 million and $138 million at March 31, 2026 and December 31, 2025, respectively. Receivables aged greater than one year are generally fully reserved unless specific circumstances warrant exceptions, such as those backed by federal governments.

Accounts receivable net of reserves were $5,321 million at March 31, 2026 and $4,966 million at December 31, 2025. Allowances for expected credit losses were $599 million at March 31, 2026 and $581 million at December 31, 2025. Provisions for expected credit losses were $63 million and $42 million for the three months ended March 31, 2026 and 2025, respectively. The allowance activity in the three months ended March 31, 2026 and 2025 related to write-offs of uncollectible amounts, net of recoveries and currency movements is not material.

Inventories

The following is a summary of Linde's consolidated inventories:


(Millions of dollars)	March 31, 2026		December 31, 2025
Inventories
Raw materials and supplies	$	545	$	530
Work in process	390		346
Finished goods	1,144		1,179
Total inventories	$	2,079	$	2,055