v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operations    
Net income - Linde plc $ 3,785 $ 3,439
Add: Noncontrolling interests 87 74
Net Income (including noncontrolling interests) 3,872 3,513
Adjustments to reconcile net income to net cash provided by operating activities:    
Cost reduction program and other charges (76) (14)
Depreciation and amortization 1,914 1,852
Deferred income taxes (12) (13)
Share-based compensation 60 88
Working capital:    
Accounts receivable (651) (309)
Inventory (89) (36)
Prepaid and other current assets (52) (81)
Payables and accruals 91 (499)
Contract assets and liabilities, net (288) (22)
Pension contributions (18) (15)
Long-term assets, liabilities and other (240) (92)
Net cash provided by (used for) operating activities 4,511 4,372
Investing    
Capital expenditures (2,780) (2,527)
Acquisitions, net of cash acquired (385) (270)
Divestitures, net of cash divested and asset sales 123 24
Other investing, net 0 (53)
Net cash provided by (used for) investing activities (3,042) (2,826)
Financing    
Short-term debt borrowings (repayments) - net 388 425
Long-term debt borrowings 2,016 3,059
Long-term debt repayments (759) (1,645)
Issuances of ordinary shares 22 15
Purchases of ordinary shares (1,678) (2,222)
Cash dividends - Linde plc shareholders (1,479) (1,412)
Noncontrolling interest transactions and other (157) 26
Net cash provided by (used for) financing activities (1,647) (1,754)
Effect of exchange rate changes on cash and cash equivalents 20 144
Change in cash and cash equivalents (158) (64)
Cash and cash equivalents, beginning-of-period 5,056 4,850
Cash and cash equivalents, end-of-period $ 4,898 $ 4,786