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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operations    
Net Income – Linde plc $ 1,039 $ 942
Less: Income from discontinued operations, net of tax and noncontrolling interests (91) 0
Add: Noncontrolling interests from continuing operations 59 29
Income from continuing operations (including noncontrolling interests) 1,007 971
Adjustments to reconcile net income to net cash provided by operating activities:    
Cost reduction programs and other charges, net of payments (286) 15
Amortization of merger-related inventory step-up 10 0
Depreciation and amortization 2,418 622
Deferred income taxes (110) 10
Share-based compensation 38 21
Working capital:    
Accounts receivable (188) (147)
Inventory (73) (10)
Prepaid and other current assets (76) 25
Payables and accruals (247) (6)
Contract assets and liabilities, net (103) 0
Pension contributions (43) (10)
Long-term assets, liabilities and other (274) (13)
Net cash provided by operating activities 2,073 1,478
Investing    
Capital expenditures (1,708) (676)
Acquisitions, net of cash acquired (140) 0
Divestitures and asset sales, net of cash divested 4,689 69
Net cash provided by (used for) investing activities 2,841 (607)
Financing    
Short-term debt borrowings (repayments) - net (11) 13
Long-term debt borrowings 45 0
Long-term debt repayments (1,311) (505)
Issuances of ordinary shares 55 44
Purchases of ordinary shares (1,250) (1)
Cash dividends - Linde plc shareholders (951) (474)
Noncontrolling interest transactions and other (3,222) (22)
Net cash used for financing activities (6,645) (945)
Discontinued Operations    
Cash provided by operating activities 70 0
Cash used for investing activities (59) 0
Cash provided by financing activities 5 0
Net cash provided by discontinued operations 16 0
Effect of exchange rate changes on cash and cash equivalents (49) (64)
Change in cash and cash equivalents (1,764) (138)
Cash and cash equivalents, beginning-of-period 4,466 617
Cash and cash equivalents, including discontinued operations 2,702 479
Cash and cash equivalents of discontinued operations (16) 0
Cash and cash equivalents, end-of-period $ 2,686 $ 479