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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operations    
Net Income – Linde plc $ 573 $ 517
Less: Income from discontinued operations, net of tax and noncontrolling interests (2) (82)
Add: Noncontrolling interests from continuing operations 35 30
Income from continuing operations (including noncontrolling interests) 606 465
Adjustments to reconcile net income to net cash provided by operating activities:    
Cost reduction programs and other charges, net of payments 40 (167)
Amortization of merger-related inventory step-up 0 10
Depreciation and amortization 1,142 1,223
Deferred income taxes (107) (14)
Share-based compensation 43 16
Working capital:    
Accounts receivable (109) (56)
Inventory (62) (32)
Prepaid and other current assets (92) (79)
Payables and accruals (183) (31)
Contract assets and liabilities, net 176 (84)
Pension contributions (17) (18)
Long-term assets, liabilities and other (90) (165)
Net cash provided by operating activities 1,347 1,068
Investing    
Capital expenditures (803) (843)
Acquisitions, net of cash acquired (41) (152)
Divestitures and asset sales, net of cash divested 231 3,455
Net cash provided by (used for) investing activities (613) 2,460
Financing    
Short-term debt borrowings (repayments) - net 3,149 (533)
Long-term debt borrowings 16 22
Long-term debt repayments (53) (516)
Issuances of ordinary shares 13 28
Purchases of ordinary shares (1,828) (725)
Cash dividends - Linde plc shareholders (511) (477)
Noncontrolling interest transactions and other (27) (10)
Net cash provided by (used for) financing activities 759 (2,211)
Discontinued Operations    
Cash provided by operating activities 0 63
Cash used for investing activities 0 (58)
Cash provided by financing activities 0 5
Net cash provided by discontinued operations 0 10
Effect of exchange rate changes on cash and cash equivalents (179) 8
Change in cash and cash equivalents 1,314 1,335
Cash and cash equivalents, beginning-of-period 2,700 4,466
Cash and cash equivalents, including discontinued operations 4,014 5,801
Cash and cash equivalents of discontinued operations 0 (10)
Cash and cash equivalents, end-of-period $ 4,014 $ 5,791