Debt (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Long-term And Short-term Debt

The following is a summary of Linde's outstanding debt at June 30, 2019 and December 31, 2018:

(Millions of dollars)	June 30, 2019			December 31, 2018
SHORT-TERM
Commercial paper and U.S. bank borrowings	$	785		$	829
Other bank borrowings (primarily international)	690			656
Total short-term debt	1,475			1,485
LONG-TERM (a)
(U.S. dollar denominated unless otherwise noted)
1.90% Notes due 2019 (b)	—			500
Variable rate notes due 2019 (b)	—			150
1.75% Euro denominated notes due 2019 (b,c)	—			578
4.25% AUD denominated notes due 2019 (b)	—			71
Variable rate notes due 2019	200			200
2.25% Notes due 2020	300			299
1.75% Euro denominated notes due 2020 (c)	1,163			1,185
0.634% Euro denominated notes due 2020	58			58
4.05% Notes due 2021	499			499
3.875% Euro denominated notes due 2021 (c)	735			755
3.00% Notes due 2021	498			498
0.250% Euro denominated notes due 2022 (c)	1,147			1,156
2.45% Notes due 2022	598			598
2.20% Notes due 2022	499			498
2.70% Notes due 2023	498			498
2.00% Euro denominated notes due 2023 (c)	796			805
5.875% GBP denominated notes due 2023 (c)	447			454
1.20% Euro denominated notes due 2024	623			628
1.875% Euro denominated notes due 2024 (c)	369			373
2.65% Notes due 2025	398			398
1.625% Euro denominated notes due 2025	563			568
3.20% Notes due 2026	725			725
3.434% Notes due 2026	196			195
1.652% Euro denominated notes due 2027	95			96
1.00% Euro denominated notes due 2028 (c)	885			861
1.90% Euro denominated notes due 2030	120			121
3.55% Notes due 2042	662			662
Other	10			10
International bank borrowings	266			291
Obligations under capital leases	132			81
	12,482			13,811
Less: current portion of long-term debt	(227		)	(1,523		)
Total long-term debt	12,255			12,288
Total debt	$	13,957		$	15,296

(a) Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable.

(b) In February 2019 Linde repaid $500 million of 1.90% notes that became due; in May 2019 Linde repaid $150 million of variable rate notes that became due; in June 2019 Linde repaid €500 million of 1.75% notes that became due and the associated interest rate swap was settled; also in June 2019 Linde settled AUD100 million of variable rate notes that became due.

(c) June 30, 2019 and December 31, 2018 included a cumulative $59 million and $14 million adjustment to carrying value, respectively, related to hedge accounting of interest rate swaps. Refer to Note 7 for additional information.