v3.25.2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operations    
Net income - Linde plc $ 3,439 $ 3,290
Add: Noncontrolling interests 74 75
Net Income (including noncontrolling interests) 3,513 3,365
Adjustments to reconcile net income to net cash provided by operating activities:    
Cost reduction program and other charges (14) (75)
Depreciation and amortization 1,852 1,907
Deferred income taxes (13) (184)
Share-based compensation 88 78
Working capital:    
Accounts receivable (309) (422)
Inventory (36) (23)
Prepaid and other current assets (81) (62)
Payables and accruals (499) (393)
Contract assets and liabilities, net (22) (189)
Pension contributions (15) (24)
Long-term assets, liabilities and other (92) (95)
Net cash provided by (used for) operating activities 4,372 3,883
Investing    
Capital expenditures (2,527) (2,181)
Acquisitions, net of cash acquired (270) (152)
Divestitures, net of cash divested and asset sales 24 22
Other investing, net (53) 0
Net cash provided by (used for) investing activities (2,826) (2,311)
Financing    
Short-term debt borrowings (repayments) - net 425 (1,336)
Long-term debt borrowings 3,059 4,828
Long-term debt repayments (1,645) (957)
Issuances of ordinary shares 15 21
Purchases of ordinary shares (2,222) (2,481)
Cash dividends - Linde plc shareholders (1,412) (1,334)
Noncontrolling interest transactions and other 26 (217)
Net cash provided by (used for) financing activities (1,754) (1,476)
Effect of exchange rate changes on cash and cash equivalents 144 (134)
Change in cash and cash equivalents (64) (38)
Cash and cash equivalents, beginning-of-period 4,850 4,664
Cash and cash equivalents, end-of-period $ 4,786 $ 4,626