Quarterly Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Data (Unaudited) Table

2019	1Q (a)		2Q (a)		3Q (a)		4Q (a)		YEAR (a)
Sales	$	6,944	$	7,204	$	7,000	$	7,080	$	28,228
Cost of sales, exclusive of depreciation and amortization	4,116		4,280		4,061		4,187		16,644
Depreciation and amortization	1,223		1,195		1,095		1,162		4,675
Operating profit	609		669		1,000		655		2,933
Net income – Linde plc	517		522		735		511		2,285
Income from continuing operations	435		513		728		507		2,183
Income from discontinued operations	82		9		7		4		102
Basic Per Share Data
Income from continuing operations	$	0.80	$	0.95	$	1.35	$	0.94	$	4.03
Income from discontinued operations	0.15		0.02		0.01		0.01		0.19
Weighted average shares (000’s)	545,554		542,561		539,753		536,768		541,094
Diluted Per Share Data
Income from continuing operations	$	0.79	$	0.94	$	1.34	$	0.94	$	4.00
Income from discontinued operations	0.15		0.02		0.01		0.01		0.19
Weighted average shares (000’s)	549,147		546,488		543,616		540,919		545,170

2018	1Q (a)		2Q (a)		3Q (a)		4Q (a)		YEAR (a)
Sales	$	2,983	$	3,044	$	3,008	$	5,801	$	14,836
Cost of sales, exclusive of depreciation and amortization	1,661		1,706		1,698		3,955		9,020
Depreciation and amortization	311		311		306		902		1,830
Operating profit	653		689		669		3,236		5,247
Net income – Linde plc	462		480		461		2,978		4,381
Income from continuing operations	462		480		461		2,870		4,273
Income from discontinued operations	—		—		—		108		108
Basic Per Share Data
Income from continuing operations*	$	1.61	$	1.67	$	1.60	$	6.27	$	12.93
Income from discontinued operations*	—		—		—		0.24		0.33
Weighted average shares (000’s)	287,504		287,803		288,093		457,518		330,401
Diluted Per Share Data
Income from continuing operations*	$	1.59	$	1.65	$	1.58	$	6.22	$	12.79
Income from discontinued operations*	—		—		—		0.23		0.32
Weighted average shares (000’s)	290,809		290,908		291,513		461,150		334,127

 

* Due to quarterly changes in the share count as a result of the merger the sum of the four quarters does not equal the earnings per share amount calculated for the year.

(a) 2019 and 2018 include the impact of the following matters (see Notes 3, 4, 5, 7, 13 and 18):

(Millions of dollars)	Operating Profit/ (Loss)			Income from Continuing Operations
Q1
Cost reduction programs and other charges	$	(89	)	$	(81	)
Pension settlement charge	—			(38		)
Purchase accounting impacts - Linde AG	(531		)	(378		)
Q2
Cost reduction programs and other charges	(141		)	(123		)
Purchase accounting impacts - Linde AG	(515		)	(368		)
Q3
Cost reduction programs and other charges	(125		)	(91		)
Pension settlement charge	—			(30		)
Purchase accounting impacts - Linde AG	(425		)	(312		)
Gain on sale of business	164			108
Q4
Cost reduction programs and other charges	(212		)	(160		)
Pension settlement charge	—			(4		)
Purchase accounting impacts - Linde AG	(481		)	(354		)
Year 2019	$	(2,355	)	$	(1,831	)

(Millions of dollars)	Operating Profit/ (Loss)			Income from Continuing Operations
Q1
Cost reduction programs and other charges	$	(19	)	$	(18	)
Q2
Cost reduction programs and other charges	(24		)	(21		)
Q3
Cost reduction programs and other charges	(31		)	(29		)
Pension settlement charge	—			(3		)
Q4
Cost reduction programs and other charges	(235		)	(238		)
Gain on sale of business	3,294			2,923
Bond redemption	—			(20		)
Pension settlement charge	—			(8		)
Tax Act and other tax charges	—			17
Purchase accounting impacts - Linde AG	(714		)	(451		)
Year 2018	$	2,271		$	2,152