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Equity (Tables)
 6 Months Ended
Jun. 30, 2019
Equity And Noncontrolling Interests Disclosure [Abstract]  
Schedule of Stockholders Equity
A summary of the changes in total equity for the quarter and six months ended June 30, 2019 and 2018 is provided below:

Quarter Ended June 30,
(Millions of dollars)
2019
 
2018
Activity
Linde plc
Shareholders’
Equity
 
Noncontrolling
Interests (a)
 
Total
Equity
 
Linde plc
Shareholders’
Equity
 
Noncontrolling
Interests
 
Total
Equity
Balance, beginning of period
$
51,175

 
$
5,457

 
$
56,632

 
$
6,368

 
$
516

 
$
6,884

Net income (b)
522

 
29

 
551

 
480

 
18

 
498

Other comprehensive income (loss)
(142
)
 
(21
)
 
(163
)
 
(616
)
 
(21
)
 
(637
)
Noncontrolling interests:
 
 
 
 
 
 
 
 
 
 
 
Additions (reductions) (a)
—

 
(3,074
)
 
(3,074
)
 
—

 
1

 
1

Dividends and other capital changes
—

 
(76
)
 
(76
)
 
—

 
(13
)
 
(13
)
Redemption value adjustments
—

 
—

 
—

 


 
—

 
—

Dividends to Linde plc ordinary share holders ($0.875 per share in 2019 and $0.825 per share in 2018)
(474
)
 
—

 
(474
)
 
(237
)
 
—

 
(237
)
Issuances of common stock:
 
 
 
 
 
 
 
 
 
 
 
For the dividend reinvestment and stock purchase plan
—

 
—

 
—

 
1

 
—

 
1

For employee savings and incentive plans
(13
)
 
—

 
(13
)
 
15

 
—

 
15

Purchases of common stock
(526
)
 
—

 
(526
)
 
(1
)
 
—

 
(1
)
Share-based compensation
22

 
—

 
22

 
17

 
—

 
17

Balance, end of period
$
50,564

 
$
2,315

 
$
52,879

 
$
6,027

 
$
501

 
$
6,528


 
Six Months Ended June 30,
(Millions of dollars)
2019
 
2018
Activity
Linde plc
Shareholders’
Equity
 
Noncontrolling
Interests (a)
 
Total
Equity
 
Linde plc
Shareholders’
Equity
 
Noncontrolling
Interests
 
Total
Equity
Balance, beginning of period
$
51,596

 
$
5,484

 
$
57,080

 
$
6,018

 
$
493

 
$
6,511

Net income (b)
1,039

 
65

 
1,104

 
942

 
27

 
969

Other comprehensive income (loss)
79

 
(88
)
 
(9
)
 
(498
)
 
(10
)
 
(508
)
Noncontrolling interests:
 
 
 
 
 
 
 
 
 
 
 
Additions (reductions) (a)
—

 
(3,066
)
 
(3,066
)
 
—

 
7

 
7

Dividends and other capital changes
—

 
(80
)
 
(80
)
 
—

 
(16
)
 
(16
)
Redemption value adjustments
—

 
—

 
—

 
(2
)
 
—

 
(2
)
Dividends to Linde plc ordinary share holders ($1.75 per share in 2019 and $1.65 per share in 2018)
(951
)
 
—

 
(951
)
 
(474
)
 
—

 
(474
)
Issuances of common stock:
—

 
—

 
—

 
 
 
 
 
 
For the dividend reinvestment and stock purchase plan
—

 
—

 
—

 
3

 
—

 
3

For employee savings and incentive plans
(7
)
 
—

 
(7
)
 
18

 
—

 
18

Purchases of common stock
(1,230
)
 
—

 
(1,230
)
 
(1
)
 
—

 
(1
)
Share-based compensation
38

 
—

 
38

 
21

 
—

 
21

Balance, end of period
$
50,564

 
$
2,315

 
$
52,879

 
$
6,027

 
$
501

 
$
6,528

(a) As of the beginning of both periods, noncontrolling interests included approximately $3.2 billion relating to the 8% of Linde AG shares which were not tendered in the Exchange Offer and were intended to be the subject of a cash-merger squeeze-out. On April 8, 2019 Linde AG completed the merger squeeze-out of all of its minority shares.
(b) Net income for noncontrolling interests excludes net income related to redeemable noncontrolling interests which is not significant for the quarter and $1 million for the six months ended June 30, 2019 ($1 million and $2 million for the quarter and six months ended June 30, 2018), which is not part of total equity.
Schedule of Accumulated Other Comprehensive Income (Loss)
The components of AOCI are as follows:
 
June 30,
 
December 31,
(Millions of dollars)
2019
 
2018
Cumulative translation adjustment - net of taxes:
 
 
 
Americas
$
(3,258
)
 
$
(3,375
)
EMEA
(138
)
 
105

APAC
(123
)
 
(114
)
Engineering
21

 
40

Other
(34
)
 
(246
)
 
(3,532
)
 
(3,590
)
Derivatives - net of taxes
(18
)
 
(2
)
Unrealized gain (loss) on securities
—

 
(1
)
Pension / OPEB funded status obligation (net of $275 million and $292 million tax benefit in June 30, 2019 and December 31, 2018, respectively)
(827
)
 
(863
)
 
$
(4,377
)
 
$
(4,456
)