v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
For a description of Linde plc's operating segments and information on how the Chief Operating Decision Maker assesses performance and allocates resources, refer to Note 18 to the consolidated financial statements on Linde plc's 2025 Annual Report on Form 10-K. The company’s measure of profit/loss for segment reporting is segment operating profit. Segment operating profit is defined as operating profit excluding purchase accounting impacts of the Linde AG merger, cost reduction and other charges, and items not indicative of ongoing business trends.
The table below presents sales and operating profit information about reportable segments and Other for the quarters and six months ended June 30, 2026 and 2025.
Quarter Ended June 30,
(Millions of dollars)AmericasEMEAAPACEngineeringOtherTotal
2026
Sales (a)$4,083 $2,303 $1,870 $625 $408 $9,289 
Variable Costs (b)1,577 806 958 292 176 3,809 
Fixed Costs and other (c)846 499 205 225 188 1,963 
Depreciation and amortization (d)388 175 176 8 26 773 
Operating Profit (e)$1,272 $823 $531 $100 $18 $2,744 
2025
Sales (a)$3,812 $2,162 $1,655 $551 $315 $8,495 
Variable Costs (b)1,424 733 803 206 112 3,278 
Fixed Costs and other (c)805 480 194 247 191 1,917 
Depreciation and amortization (d)374 169 168 8 25 744 
Operating Profit (e)$1,209 $780 $490 $90 $(13)$2,556 
Six Months Ended June 30,
(Millions of dollars)AmericasEMEAAPACEngineeringOtherTotal
2026
Sales (a)$8,108 $4,474 $3,571 $1,142 $775 $18,070 
Variable Costs (b)3,153 1,528 1,799 460 333 7,273 
Fixed Costs and other (c)1,644 989 414 466 377 3,890 
Depreciation and amortization (d)767 350 350 15 51 1,533 
Operating Profit (e)$2,544 $1,607 $1,008 $201 $14 $5,374 
2025
Sales (a)$7,478 $4,193 $3,194 $1,116 $626 $16,607 
Variable Costs (b)2,819 1,454 1,551 421 226 6,471 
Fixed Costs and other (c)1,572 909 372 475 351 3,679 
Depreciation and amortization (d)741 328 330 16 48 1,463 
Operating Profit (e)$2,346 $1,502 $941 $204 $1 $4,994 
(a)Sales reflect external sales only. Intersegment sales from Engineering to the industrial gases segments were $639 million and $619 million for the quarters ended June 30, 2026 and 2025, respectively, and $1,212 million and $1,220 million for the six months ended June 30, 2026 and 2025, respectively. Intersegment sales from Helium were $123 million and $107 million for the quarters ended June 30, 2026 and 2025, respectively, and $220 million and $219 million for the six months ended June 30, 2026 and 2025, respectively.
(b)Variable costs represent the variable portion of cost of sales, exclusive of depreciation and amortization.
(c)Fixed costs and other represent the fixed portion of cost of sales (exclusive of depreciation and amortization), selling, general and administrative, research and development and other income (expenses) - net.
(d)Refer to the reconciliation of depreciation and amortization to consolidated results below.
(e)Refer to the reconciliation of operating profit to consolidated results below.
Reconciliations to Consolidated Results
Depreciation and Amortization
The table below reconciles total depreciation and amortization disclosed in the table above to consolidated depreciation and amortization as reflected on our consolidated statement of income:
Quarter Ended June 30,Six Months Ended June 30,
(Millions of dollars)2026202520262025
Total segment depreciation and amortization$773 $744 $1,533 $1,463 
Purchase accounting impacts - Linde AG (a)190 198 381 389 
Total depreciation and amortization$963 $942 $1,914 $1,852 
Income Before Income Taxes and Equity Investments
The table below reconciles total operating profit disclosed in the table above to consolidated income before income taxes and equity investments as reflected on our consolidated statement of income:
Quarter Ended June 30,Six Months Ended June 30,
(Millions of dollars)2026202520262025
Total segment operating profit$2,744 $2,556 $5,374 $4,994 
Cost reduction program and other charges— — — 55 
Purchase accounting impacts - Linde AG (a)190 202 381 401 
Total operating profit2,554 2,354 4,993 4,538 
Interest expense - net61 67 123 127 
Net pension and OPEB cost (benefit), excluding service cost(53)(59)(107)(115)
Total consolidated income before income taxes and equity investments$2,546 $2,346 $4,977 $4,526 
(a)To adjust for purchase accounting impacts related to the merger.