v3.25.2
Equity
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Equity Equity
A summary of the changes in total equity for the quarter and six months ended June 30, 2025 and 2024 is provided below:
Quarter Ended June 30,
(Millions of dollars)20252024
ActivityLinde plc
Shareholders’
Equity		Noncontrolling
Interests		Total
Equity		Linde plc
Shareholders’
Equity		Noncontrolling
Interests		Total
Equity
Balance, beginning of period$38,032 $1,418 $39,450 $38,829 $1,387 $40,216 
Net income (a)1,766 40 1,806 1,663 37 1,700 
Other comprehensive income (loss)518 23 541 (266)(10)(276)
Noncontrolling interests:
Additions (reductions)(4)18 14 — — — 
Dividends and other capital changes— (41)(41)— (55)(55)
Dividends to Linde plc ordinary share holders ($1.50 per share in 2025 and $1.39 per share in 2024)
(704)— (704)(665)— (665)
Issuances of ordinary shares:
For employee savings and incentive plans(25)— (25)(15)— (15)
Purchases of ordinary shares(1,114)— (1,114)(1,407)— (1,407)
Share-based compensation46 — 46 40 — 40 
Balance, end of period$38,515 $1,458 $39,973 $38,179 $1,359 $39,538 
Six Months Ended June 30,
(Millions of dollars)20252024
ActivityLinde plc
Shareholders’
Equity		Noncontrolling
Interests		Total
Equity		Linde plc
Shareholders’
Equity		Noncontrolling
Interests		Total
Equity
Balance, beginning of period$38,092 $1,383 $39,475 $39,720 $1,362 $41,082 
Net income (a)3,439 74 3,513 3,290 75 3,365 
Other comprehensive income (loss)644 28 672 (989)(25)(1,014)
Noncontrolling interests:
Additions (reductions)(4)18 14 — 11 11 
Dividends and other capital changes— (45)(45)— (64)(64)
Dividends to Linde plc ordinary share holders ($3.00 per share in 2025 and $2.78 per share in 2024)
(1,412)— (1,412)(1,334)— (1,334)
Issuances of ordinary shares:
For employee savings and incentive plans(119)— (119)(141)— (141)
Purchases of ordinary shares(2,213)— (2,213)(2,445)— (2,445)
Share-based compensation88 — 88 78 — 78 
Balance, end of period$38,515 $1,458 $39,973 $38,179 $1,359 $39,538 
(a)Net income for noncontrolling interests excludes net income related to redeemable noncontrolling interests which is not significant for the quarter and six months ended June 30, 2025 and 2024 and which is not part of total equity.
The components of Accumulated other comprehensive income (loss) are as follows:
(Millions of dollars)June 30,
2025		December 31, 2024
Cumulative translation adjustment - net of taxes:
Americas$(3,979)$(4,422)
EMEA(854)(1,235)
APAC(1,124)(1,736)
Engineering304 (432)
Other(709)858 
(6,362)(6,967)
Derivatives - net of taxes23 (6)
Pension / OPEB (net of tax obligations of $105 million and $95 million at June 30, 2025 and December 31, 2024, respectively)
89 79 
$(6,250)$(6,894)