← Filings of LIN
Tables in the 10-K of LINDE PLC
99 tables with numbers, filed Mar 1, 2021. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
Table 1 after “(Exact name of registrant as specified in its charter)”
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| Ireland | | | | | 98-1448883 |
| (State or other jurisdiction of incorporation) | | | | (I.R.S. Employer Identification No.) | |
| The Priestley Centre | | | | |
| 10 Priestley Road, | | | | |
| Surrey Research Park, | | | | |
| Guildford, | Surrey | GU2 7XY | | |
| United Kingdom | | | | |
| (Address of principal executive offices) (Zip Code) | | | | |
First 8 of 10 rows. The CSV has all of them.
| | Page |
| Part I | | |
| Item 1: | Business | 4 |
| Item 1A: | Risk Factors | 9 |
| Item 1B: | Unresolved Staff Comments | 15 |
| Item 2: | Properties | 15 |
| Item 3: | Legal Proceedings | 15 |
| Item 4: | Mine Safety Disclosures | 15 |
First 8 of 27 rows. The CSV has all of them.
Table 3 after “rding purchases made by or on behalf of the company or any affiliated purchaser (as defined in Rule 10b-18(a)(3) under the Securities Exchan”
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| Period | TotalNumber ofSharesPurchased(Thousands) | Average Price Paid Per Share | | Total Number ofShares Purchased asPart of PubliclyAnnouncedProgram (1)(Thousands) | Approximate DollarValue of Shares thatMay Yet be PurchasedUnder the Program (2)(Millions) | |
| October 2020 | 666 | | $230.39 | | 666 | $1,549 |
| November 2020 | 338 | | $249.49 | | 338 | $1,464 |
| December 2020 | 746 | | $252.20 | | 746 | $1,276 |
| Fourth Quarter 2020 | 1,750 | | $243.38 | | 1,750 | $1,276 |
Table 4 after “The graph below compares the most recent five-year cumulative returns of the common stock of Praxair, the company's predecessor, through Oct”
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| LIN | $100 | $117 | $159 | $164 | $228 | $286 |
| SPX | $100 | $112 | $136 | $131 | $172 | $203 |
| S5MATR | $100 | $117 | $145 | $123 | $154 | $186 |
Table 5 after “The following discussion of the company’s financial condition and results of operations should be read together with its consolidated financ”
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| Page |
| Business Overview | 19 |
| Executive Summary – Financial Results & Outlook | 20 |
| Consolidated Results and Other Information | 21 |
| Segment Discussion | 27 |
| Liquidity, Capital Resources and Other Financial Data | 33 |
| Off-Balance Sheet Arrangements | 37 |
| Critical Accounting Policies | 37 |
First 8 of 12 rows. The CSV has all of them.
Table 6 after “The following table provides summary information for 2020 and 2019. The reported amounts are GAAP amounts from the Consolidated Statements o”
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| (Millions of dollars, except per share data)Year Ended December 31, | 2020 | 2019 | | Variance | |
| Reported Amounts | | | | | |
| Sales | $27,243 | | $28,228 | | (3)% |
| Cost of sales, exclusive of depreciation and amortization | $15,383 | | $16,644 | | (8)% |
| As a percent of sales | 56.5% | | 59.0% | | |
| Selling, general and administrative | $3,193 | | $3,457 | | (8)% |
| As a percent of sales | 11.7% | | 12.2% | | |
| Depreciation and amortization | $4,626 | | $4,675 | | (1)% |
First 8 of 31 rows. The CSV has all of them.
| 2020 vs. 2019 |
| % Change |
| Factors Contributing to Changes - Sales | |
| Volume | (2)% |
| Price/Mix | 2% |
| Cost pass-through | (1)% |
| Currency | (1)% |
| Acquisitions/divestitures | (1)% |
First 8 of 10 rows. The CSV has all of them.
Table 8 after “The table below presents sales and operating profit information about reportable segments and Other for the years ended December 31, 2020 an”
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| (Millions of dollars)Year Ended December 31, | 2020 | 2019 | | Variance | |
| Sales | | | | | |
| Americas | $10,459 | | $10,989 | | (5)% |
| EMEA | 6,449 | | 6,643 | | (3)% |
| APAC | 5,687 | | 5,779 | | (2)% |
| Engineering | 2,851 | | 2,799 | | 2% |
| Other | 1,797 | | 1,953 | | (8)% |
| Total segment sales | $27,243 | | $28,163 | | (3)% |
First 8 of 23 rows. The CSV has all of them.
| (Dollar amounts in millions) | | | | Variance | |
| Year Ended December 31, | 2020 | 2019 | | 2020 vs. 2019 | |
| Sales | $10,459 | | $10,989 | | (5)% |
| Operating profit | $2,773 | | $2,577 | | 8% |
| As a percent of sales | 26.5% | | 23.5% | | |
| 2020 vs. 2019 |
| % Change |
| Factors Contributing to Changes - Sales | |
| Volume | (2)% |
| Price/Mix | 2% |
| Cost pass-through | (1)% |
| Currency | (3)% |
| Acquisitions/Divestitures | (1)% |
First 8 of 9 rows. The CSV has all of them.
| (Dollar amounts in millions) | | Variance | | | |
| Year Ended December 31, | 2020 | 2019 | | 2020 vs. 2019 | |
| Sales | $6,449 | | $6,643 | | (3)% |
| Operating profit | $1,465 | | $1,367 | | 7% |
| As a percent of sales | 22.7% | | 20.6% | | |
| 2020 vs. 2019 |
| % Change |
| Factors Contributing to Changes - Sales | |
| Volume | (3)% |
| Price/Mix | 2% |
| Cost pass-through | (1)% |
| Currency | —% |
| Acquisitions/Divestitures | (1)% |
First 8 of 9 rows. The CSV has all of them.
| (Dollar amounts in millions) | | Variance | | | |
| Year Ended December 31, | 2020 | 2019 | | 2020 vs. 2019 | |
| Sales | $5,687 | | $5,779 | | (2)% |
| Operating profit | $1,277 | | $1,184 | | 8% |
| As a percent of sales | 22.5% | | 20.5% | | |
| 2020 vs. 2019 |
| % Change |
| Factors Contributing to Changes - Sales | |
| Volume/Equipment | (2)% |
| Price/Mix | 1% |
| Cost pass-through | (1)% |
| Currency | —% |
| Acquisitions/Divestitures | —% |
First 8 of 9 rows. The CSV has all of them.
| (Dollar amounts in millions) | | Variance | | | |
| Year Ended December 31, | 2020 | 2019 | | 2020 vs. 2019 | |
| Sales | $2,851 | | $2,799 | | 2% |
| Operating profit | $435 | | $390 | | 12% |
| As a percent of sales | 15.3% | | 13.9% | | |
| (Dollar amounts in millions) | | Variance | | | | |
| Year Ended December 31, | 2020 | | 2019 | | 2020 vs. 2019 | |
| Sales | $1,797 | | | $1,953 | | (8)% |
| Operating profit | $(153) | | | $(246) | | 38% |
| As a percent of sales | (8.5)% | | | (12.6)% | | |
| 2020 vs. 2019 |
| % Change |
| Factors Contributing to Changes - Sales | |
| Volume/Price | (9)% |
| Cost pass-through | 1% |
| Currency | —% |
| Acquisitions/Divestitures | —% |
| (8)% |
Table 18 after “To help understand the reported results, the following is a summary of the significant currencies underlying Linde’s consolidated results an”
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| Percent of 2020 | Statements of Income | | Balance Sheets | | | | |
| Consolidated | Average Year Ended December 31, | | December 31, | | | | |
| Currency | Sales | 2020 | | 2019 | 2020 | 2019 | | |
| Euro | 22% | | 0.88 | | 0.89 | | 0.82 | 0.89 |
| Chinese yuan | 8% | | 6.90 | | 6.90 | | 6.53 | 6.96 |
| British pound | 6% | | 0.78 | | 0.78 | | 0.73 | 0.75 |
| Australian dollar | 4% | | 1.45 | | 1.44 | | 1.30 | 1.42 |
| Brazilian real | 3% | | 5.11 | | 3.94 | | 5.20 | 4.03 |
First 8 of 16 rows. The CSV has all of them.
Table 19 after “LIQUIDITY, CAPITAL RESOURCES AND OTHER FINANCIAL DATA”
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| (Millions of dollars) Year Ended December 31, | 2020 | 2019 | |
| Net Cash Provided by (Used for) | | | |
| Operating Activities | | | |
| Income from continuing operations (including noncontrolling interests) | $2,622 | | $2,272 |
| Non-cash charges (credits): | | | |
| Add: Cost reduction programs and other charges, net of payments (a) | 258 | | (236) |
| Add: Amortization of merger-related inventory step-up | — | | 12 |
| Less: Net gain on sale of businesses, net of tax | — | | (108) |
First 8 of 29 rows. The CSV has all of them.
| (Dollar amounts in millions, except per share data) | | | |
| Year Ended December 31, | 2020 | 2019 | |
| Adjusted Sales | | | |
| Reported Sales | $27,243 | | $28,228 |
| Less: Merger-related divestitures (d) | — | | (65) |
| Adjusted Sales | $27,243 | | $28,163 |
| Adjusted Operating Profit and Operating Margin | | | |
| Reported operating profit | $3,322 | | $2,933 |
First 8 of 26 rows. The CSV has all of them.
| Add: Purchase accounting impacts - Linde AG (c) | (49) | — |
| Adjusted Other Income (Expense) - net | $(12) | $68 |
| Adjusted Net Pension and OPEB Cost (Benefit), Excluding Service Cost | | |
| Reported net pension and OPEB cost (benefit), excluding service cost | $(177) | $(32) |
| Add: Pension settlement charges | (6) | (107) |
| Adjusted Net Pension and OPEB cost (benefit), excluding service costs | $(183) | $(139) |
| Adjusted Interest Expense - Net | | |
| Reported interest expense - net | $115 | $38 |
First 8 of 39 rows. The CSV has all of them.
| Adjusted Noncontrolling Interests from Continuing Operations | | |
| Reported noncontrolling interests from continuing operations | $(125) | $(89) |
| Add: Cost reduction programs and other charges | (4) | (35) |
| Add: Purchase accounting impacts - Linde AG (c) | (57) | (54) |
| Total adjustments | (61) | (89) |
| Adjusted noncontrolling interests from continuing operations | $(186) | $(178) |
| Adjusted Income from Continuing Operations (b) | | |
| Reported income from continuing operations | $2,497 | $2,183 |
First 8 of 40 rows. The CSV has all of them.
| Total adjustments | 612 | 456 |
| Adjusted EBITDA from continuing operations | $8,645 | $8,178 |
| Reported sales | $27,243 | $28,228 |
| Adjusted sales | $27,243 | $28,163 |
| % of sales | | |
| EBITDA from continuing operations | 29.5% | 27.4% |
| Adjusted EBITDA from continuing operations | 31.7% | 29.0% |
Table 24 after “Net debt is a financial liquidity measure used by investors, financial analysts and management to evaluate the ability of a company to repay”
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| December 31, 2020 | December 31, 2019 | |
| (Millions of dollars) | | | |
| Debt | $16,154 | | $13,956 |
| Less: cash and cash equivalents | (3,754) | | (2,700) |
| Net debt | 12,400 | | 11,256 |
| Less: purchase accounting impacts - Linde AG | (121) | | (195) |
| Adjusted net debt | $12,279 | | $11,061 |
| (Millions of dollars) | | | |
| Statement of Income Data | Twelve Months Ended December 31, 2020 | Twelve Months Ended December 31, 2019 | |
| Sales | $6,772 | | $6,510 |
| Operating profit | 760 | | 592 |
| Net income | 660 | | 2,271 |
| Transactions with non-guarantor subsidiaries | 2,082 | | 3,533 |
| Balance Sheet Data (at period end) | | | |
| Current assets (a) | $3,117 | | $2,137 |
First 8 of 15 rows. The CSV has all of them.
Table 26 after “INDEX TO CONSOLIDATED FINANCIAL STATEMENTS”
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| Page |
| Management’s Statement of Responsibility for Financial Statements | 48 |
| Management’s Report on Internal Control Over Financial Reporting | 48 |
| Report of Independent Registered Public Accounting Firm | 49 |
| Audited Consolidated Financial Statements | |
| Consolidated Statements of Income for the Years Ended December 31, 2020, 2019 and 2018 | 51 |
| Consolidated Statements of Comprehensive Income for the Years Ended December 31, 2020, 2019 and 2018 | 52 |
| Consolidated Balance Sheets as as of December 31, 2020 and 2019 | 53 |
First 8 of 31 rows. The CSV has all of them.
Table 27 after “(Dollar amounts in millions, except per share data)”
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| Year Ended December 31, | 2020 | 2019 | | 2018 | |
| Sales | $27,243 | | $28,228 | | $14,836 |
| Cost of sales, exclusive of depreciation and amortization | 15,383 | | 16,644 | | 9,020 |
| Selling, general and administrative | 3,193 | | 3,457 | | 1,629 |
| Depreciation and amortization | 4,626 | | 4,675 | | 1,830 |
| Research and development | 152 | | 184 | | 113 |
| Cost reduction programs and other charges | 506 | | 567 | | 309 |
| Net gain on sale of businesses | — | | 164 | | 3,294 |
First 8 of 35 rows. The CSV has all of them.
| Year Ended December 31, | 2020 | 2019 | | 2018 | |
| NET INCOME (INCLUDING NONCONTROLLING INTERESTS) | $2,626 | | $2,381 | | $4,405 |
| OTHER COMPREHENSIVE INCOME (LOSS) | | | | | |
| Translation adjustments: | | | | | |
| Foreign currency translation adjustments | 565 | | 118 | | (401) |
| Reclassifications to net income | — | | 12 | | 318 |
| Income taxes | 30 | | 3 | | 7 |
| Translation adjustments | 595 | | 133 | | (76) |
First 8 of 27 rows. The CSV has all of them.
| December 31, | 2020 | 2019 | |
| Assets | | | |
| Cash and cash equivalents | $3,754 | | $2,700 |
| Accounts receivable – net | 4,167 | | 4,322 |
| Contract assets | 162 | | 368 |
| Inventories | 1,729 | | 1,697 |
| Prepaid and other current assets | 1,112 | | 1,265 |
| Total Current Assets | 10,924 | | 10,352 |
First 8 of 38 rows. The CSV has all of them.
| Year Ended December 31, | 2020 | 2019 | | 2018 | | |
| Increase (Decrease) in Cash and Cash Equivalents | | | | | | |
| Operations | | | | | | |
| Net income – Linde plc | $2,501 | | $2,285 | | | $4,381 |
| Less: income from discontinued operations, net of tax and noncontrolling interests | (4) | | (102) | | | (108) |
| Add: Noncontrolling interests from continuing operations | 125 | | 89 | | | 15 |
| Income from continuing operations (including noncontrolling interests) | $2,622 | | $2,272 | | | $4,288 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | |
First 8 of 51 rows. The CSV has all of them.
| Supplemental Data | | | |
| Income taxes paid | $1,066 | $1,357 | $757 |
| Interest paid, net of capitalized interest (Note 7) | $322 | $275 | $214 |
Table 32 after “(Dollar amounts in millions, except per share data, shares in thousands)”
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| Linde plc Shareholders’ Equity | | | | | | | | | | | | | | | | | | | | | | | |
| Ordinary shares | Additional Paid-in Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) (Note 7) | Treasury Stock | | Linde plc Shareholders’ Equity | Noncontrolling Interests | | Total Equity | | | | | | | | | | | | |
| Activity | Shares | Amounts | | Shares | | Amounts | | | | | | | | | | | | | | | | | | |
| Balance, December 31, 2017 | 383,231 | | $4 | | | $4,084 | | $13,224 | | $(4,098) | | | 96,454 | | | $(7,196) | | | $6,018 | | | $493 | | $6,511 |
| Net Income available for Linde plc shareholders | | | | | | 4,381 | | | | | | | 4,381 | | | 21 | | | 4,402 | | | | | |
| Other comprehensive income (loss) | | | | | | | (265) | | | | | | (265) | | | 59 | | | (206) | | | | | |
| Noncontrolling interests: | | | | | | | | | | | | | | | | | | | | | | | | |
| Dividends and other capital reductions | | | | | | | | | | | | — | | | (49) | | | (49) | | | | | | |
First 8 of 26 rows. The CSV has all of them.
| Linde plc Shareholders’ Equity | | | | | | | | | | | | | | | | | | | | | | |
| Ordinary shares | Additional Paid-in Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) (Note 7) | | Treasury Stock | | Linde plc Shareholders’ Equity | Noncontrolling Interests | | Total Equity | | | | | | | | | | |
| Activity | Shares | Amounts | | Shares | | Amounts | | | | | | | | | | | | | | | | | |
| Issuances of common stock: | | | | | | | | | | | | | | | | | | | | | | | |
| For the dividend reinvestment and stock purchase plan | | | | | | | | | | | | | — | | | | | — | | | | | |
| For employee savings and incentive plans | 703 | | | | (45) | | | (73) | | | | (770) | | | 127 | | | 9 | | | | 9 | |
| Purchases of common stock | | | | | | | | | | 14,333 | | (2,654) | | | (2,654) | | | | | (2,654) | | | |
| Share-based compensation | | | | 95 | | | | | | | | | 95 | | | | | 95 | | | | | |
First 8 of 21 rows. The CSV has all of them.
Table 34 after “The following table provides Linde AG “Sales” and “Income (loss) from continuing operations” included in the company's results for the perio”
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| Millions of dollars | |
| Linde AG Results of Operations | November 1, - December 31, 2018 |
| Sales | $2,873 |
| Income (loss) from continuing operations* | $(385) |
| *Includes net charges of $451 million related to the impacts of purchase accounting. | |
Table 35 after “As such, operations related to the Linde AG merger-related divestitures are included within Income from discontinued operations, net of tax ”
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| Millions of dollars | 2020 | 2019 | | November 1, - December 31, 2018 | |
| Net sales | $7 | | $449 | | $388 |
| Cost of sales | 3 | | 251 | | 173 |
| Other operating costs | 1 | | 43 | | 90 |
| Operating profit | $3 | | $155 | | $125 |
| Income from equity investments | 1 | | 8 | | 1 |
| Income taxes | — | | 54 | | 9 |
| Income from discontinued operations, net of tax | $4 | | $109 | | $117 |
First 8 of 10 rows. The CSV has all of them.
| Year Ended December 31, 2020 | | | | | | | |
| (millions of dollars) | Severance costs | Other cost reduction charges | | Total cost reduction program related charges | Merger related and other charges | Total | | |
| Americas | $35 | | $24 | | 59 | | 13 | $72 |
| EMEA | 131 | | 21 | | 152 | | 3 | 155 |
| APAC | 7 | | 2 | | 9 | | 3 | 12 |
| Engineering | 38 | | 28 | | 66 | | 4 | 70 |
| Other | 87 | | 18 | | 105 | | 92 | 197 |
| Total | $298 | | $93 | | $391 | | $115 | $506 |
| Year Ended December 31, 2019 | | | | | | | |
| (millions of dollars) | Severance costs | Other cost reduction charges | | Total cost reduction program related charges | Merger related and other charges | Total | | |
| Americas | $36 | | $20 | | 56 | | 34 | $90 |
| EMEA | 105 | | 16 | | 121 | | 21 | 142 |
| APAC | 40 | | 10 | | 50 | | 72 | 122 |
| Engineering | 1 | | 12 | | 13 | | (9) | 4 |
| Other | 22 | | 42 | | 64 | | 145 | 209 |
| Total | $204 | | $100 | | $304 | | $263 | $567 |
Table 38 after “The following table summarizes the activities related to the company's cost reduction programs and other charges during 2019 and 2020:”
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| (millions of dollars) | Severance costs | Other cost reduction charges | | Total cost reduction program related charges | Merger related and other charges | Total | | |
| 2019 Cost Reduction Programs and Other Charges | $204 | | $100 | | 304 | | $263 | $567 |
| Less: Cash payments | (91) | | (57) | | (148) | | (112) | (260) |
| Less: Non-cash charges | — | | (21) | | (21) | | (78) | (99) |
| Foreign currency translation and other | 4 | | (6) | | (2) | | (6) | (8) |
| Balance, December 31, 2019 | $117 | | $16 | | $133 | | $67 | $200 |
| 2020 Cost Reduction Programs and Other Charges | 298 | | 93 | | 391 | | 115 | 506 |
| Less: Cash payments | (156) | | (20) | | (176) | | (45) | (221) |
First 8 of 11 rows. The CSV has all of them.
Table 39 after “Supplemental balance sheet information related to leases is as follows:”
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| (Millions of dollars) | December 31, 2020 | December 31, 2019 | |
| Operating Leases | | | |
| Operating lease right-of-use assets | $935 | | $1,025 |
| Other current liabilities | 237 | | 260 |
| Other long-term liabilities | 669 | | 716 |
| Total operating lease liabilities | 906 | | 976 |
| Finance Leases | | | |
| Finance lease right-of-use assets* | 155 | | 140 |
First 8 of 11 rows. The CSV has all of them.
Table 40 after “Supplemental operating lease information:”
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| December 31, 2020 | December 31, 2019 | |
| Weighted average lease term (years) | 9 | 7 | |
| Weighted average discount rate | 2.83% | | 2.97% |
Table 41 after “Future operating and finance lease payments as of December 31, 2020 are as follows (millions of dollars):”
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| Period | Operating Leases | Financing Leases | |
| 2021 | $251 | | $41 |
| 2022 | 187 | | 37 |
| 2023 | 131 | | 27 |
| 2024 | 89 | | 17 |
| 2025 | 62 | | 12 |
| Thereafter | 257 | | 71 |
| Total future undiscounted lease payments | 977 | | 205 |
First 8 of 10 rows. The CSV has all of them.
| (Millions of dollars)Year Ended December 31, | 2020 | 2019 | | 2018 | |
| United States | $1,253 | | $1,161 | | $931 |
| Foreign (a) | 2,131 | | 1,766 | | 4,118 |
| Total income before income taxes | $3,384 | | $2,927 | | $5,049 |
Table 43 after “The following is an analysis of the provision for income taxes:”
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| (Millions of dollars)Year Ended December 31, | 2020 | 2019 (a) | | 2018(b) | |
| Current tax expense (benefit) | | | | | |
| U.S. federal | $185 | | $64 | | $390 |
| State and local | 17 | | 39 | | (7) |
| Foreign | 1,013 | | 969 | | 620 |
| 1,215 | | 1,072 | | 1,003 |
| Deferred tax expense (benefit) | | | | | |
| U.S. federal | 20 | | 85 | | 8 |
First 8 of 12 rows. The CSV has all of them.
| (Dollar amounts in millions)Year Ended December 31, | 2020 | 2019 | | 2018 | | | | |
| U.S. statutory income tax | $711 | | 21.0% | | $615 | 21.0% | $1,060 | 21.0% |
| State and local taxes – net of federal benefit | 21 | | 0.6% | | 31 | 1.1% | 30 | 0.6% |
| U.S. tax credits and deductions (a) | (8) | | (0.2)% | | (31) | (1.1)% | (12) | (0.2)% |
| Foreign tax differentials (b) | 167 | | 4.9% | | 113 | 3.9% | 57 | 1.1% |
| Share-Based compensation | (53) | | (1.6)% | | (41) | (1.4)% | (22) | (0.4)% |
| Tax Act | — | | —% | | — | —% | (61) | (1.2)% |
| Divestitures (c) | — | | —% | | 36 | 1.2% | (321) | (6.4)% |
First 8 of 10 rows. The CSV has all of them.
| (Millions of dollars)December 31, | 2020 | 2019 | |
| Deferred tax liabilities | | | |
| Fixed assets | $3,430 | | $3,539 |
| Goodwill | 173 | | 145 |
| Other intangible assets | 3,703 | | 3,688 |
| Subsidiary/equity investments | 609 | | 664 |
| Other (a) | 791 | | 789 |
| $8,706 | | $8,825 |
First 8 of 21 rows. The CSV has all of them.
Table 46 after “Summary of valuation allowances relating to deferred tax assets follows (millions of dollars):”
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| 2020 | 2019 | | 2018 | |
| Balance, January 1, | $(222) | | $(237) | | $(76) |
| Income tax (charge) benefit | (21) | | (31) | | (51) |
| Merger with Linde AG | — | | 18 | | (121) |
| Other, including write-offs (i) | 2 | | 26 | | 7 |
| Translation adjustments | (2) | | 2 | | 4 |
| Balance, December 31, | $(243) | | $(222) | | $(237) |
Table 47 after “A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:”
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| (Millions of dollars) | 2020 | 2019 | | 2018 | |
| Unrecognized income tax benefits, January 1 | $472 | | $319 | | $54 |
| Additions for tax positions of prior years (a) | 35 | | 151 | | 104 |
| Reductions for tax positions of prior years | (34) | | (3) | | (7) |
| Additions for current year tax positions (b) | 11 | | 33 | | 179 |
| Reductions for settlements with taxing authorities (c) | (39) | | (26) | | (3) |
| Foreign currency translation and other | 7 | | (2) | | (8) |
| Unrecognized income tax benefits, December 31 | $452 | | $472 | | $319 |
Table 48 after “As of December 31, 2020, the company remained subject to examination in the following major tax jurisdictions for the tax years as indicated”
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| Major tax jurisdictions | Open Years |
| North and South America | |
| United States | 2017 through 2020 |
| Canada | 2013 through 2020 |
| Mexico | 2014 through 2020 |
| Brazil | 2003 through 2020 |
| Europe and Africa | |
| France | 2014 through 2020 |
First 8 of 19 rows. The CSV has all of them.
Table 49 after “Basic and Diluted earnings per share - Linde plc shareholders is computed by dividing Income from continuing operations, Income from discont”
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| 2020 | 2019 | | 2018 | |
| Numerator (Millions of dollars) | | | | | |
| Income from continuing operations | $2,497 | | $2,183 | | $4,273 |
| Income from discontinued operations, net of tax | 4 | | 102 | | 108 |
| Net Income – Linde plc | $2,501 | | $2,285 | | $4,381 |
| Denominator (Thousands of shares) | | | | | |
| Weighted average shares outstanding | 526,404 | | 540,859 | | 330,088 |
| Shares earned and issuable under compensation plans | 332 | | 235 | | 313 |
First 8 of 18 rows. The CSV has all of them.
| (Millions of dollars)Year Ended December 31, | 2020 | 2019 | | 2018 | |
| Selling, General and Administrative | | | | | |
| Selling | $1,303 | | $1,600 | | $757 |
| General and administrative | 1,890 | | 1,857 | | 872 |
| $3,193 | | $3,457 | | $1,629 |
| Year Ended December 31, | 2020 | 2019 | | 2018 | |
| Depreciation and Amortization (a) | | | | | |
| Depreciation | $3,861 | | $3,940 | | $1,615 |
| Amortization of intangibles (Note 10) | 765 | | 735 | | 215 |
| Depreciation and Amortization | $4,626 | | $4,675 | | $1,830 |
| Year Ended December 31, | 2020 | 2019 | | 2018 | |
| Other Income (Expenses) – Net | | | | | |
| Currency related net gains (losses) | $(28) | | $(11) | | $4 |
| Partnership income | 10 | | 8 | | 8 |
| Severance expense | (5) | | (7) | | (7) |
| Asset divestiture gains (losses) – net | (78) | | 10 | | 6 |
| Other – net | 40 | | 68 | | 7 |
| $(61) | | $68 | | $18 |
| Year Ended December 31, | 2020 | 2019 | | 2018 | |
| Interest Expense – Net | | | | | |
| Interest incurred on debt and other | $277 | | $284 | | $297 |
| Interest income | (55) | | (112) | | (80) |
| Amortization on acquired debt | (85) | | (96) | | (21) |
| Interest capitalized | (38) | | (38) | | (20) |
| Bond redemption (b) | 16 | | — | | 26 |
| $115 | | $38 | | $202 |
| Year Ended December 31, | 2020 | 2019 | | 2018 | |
| Income Attributable to Noncontrolling Interests | | | | | |
| Noncontrolling interests' operations (c) | $125 | | $87 | | $12 |
| Redeemable noncontrolling interests' operations (Note 14) | — | | 2 | | 3 |
| Noncontrolling interests from continuing operations | $125 | | $89 | | $15 |
| Noncontrolling interests from discontinued operations | — | | $7 | | $9 |
| (Millions of dollars)December 31, | 2020 | 2019 | |
| Accounts Receivable | | | |
| Trade and Other receivables | $4,638 | | $4,628 |
| Less: allowance for expected credit losses | (471) | | (306) |
| $4,167 | | $4,322 |
| December 31, | 2020 | 2019 | |
| Inventories | | | |
| Raw materials and supplies | $411 | | $396 |
| Work in process | 337 | | 331 |
| Finished goods | 981 | | 970 |
| $1,729 | | $1,697 |
| December 31, | 2020 | 2019 | |
| Prepaid and Other Current Assets | | | |
| Prepaid and other deferred charges (d) | $516 | | $516 |
| VAT recoverable | 261 | | 275 |
| Unrealized gains on derivatives (Note 12) | 110 | | 85 |
| Assets held for sale (Note 2) | 4 | | 125 |
| Other | 221 | | 264 |
| $1,112 | | $1,265 |
| December 31, | 2020 | 2019 | |
| Other Long-term Assets | | | |
| Pension assets (Note 16) | $55 | | $78 |
| Insurance contracts (e) | 61 | | 75 |
| Long-term receivables, net (f) | 201 | | 150 |
| Lease assets (Note 4) | 1,090 | | 1,025 |
| Deposits | 47 | | 56 |
| Investments carried at cost | 23 | | 40 |
First 8 of 13 rows. The CSV has all of them.
| December 31, | 2020 | 2019 | |
| Other Current Liabilities | | | |
| Accrued expenses | $1,226 | | $1,079 |
| Payroll | 653 | | 619 |
| VAT payable | 336 | | 268 |
| Pension and postretirement (Note 16) | 34 | | 27 |
| Interest payable | 135 | | 127 |
| Lease liability (Note 4) | 275 | | 260 |
First 8 of 14 rows. The CSV has all of them.
| December 31, | 2020 | 2019 | |
| Other Long-term Liabilities | | | |
| Pension and postretirement (Note 16) | $2,963 | | $2,548 |
| Tax liabilities for uncertain tax positions (Note 5) | 355 | | 342 |
| Tax Act liabilities for deemed repatriation (Note 5) | 204 | | 235 |
| Lease liability (Note 4) | 794 | | 716 |
| Interest and penalties for uncertain tax positions (Note 5) | 99 | | 65 |
| Insurance reserves | 33 | | 28 |
First 8 of 13 rows. The CSV has all of them.
| December 31, | 2020 | 2019 | |
| Deferred Credits | | | |
| Deferred income taxes (Note 5) | $6,704 | | $6,889 |
| Other | 532 | | 347 |
| $7,236 | | $7,236 |
| December 31, | 2020 | 2019 | |
| Accumulated Other Comprehensive Income (Loss) | | | |
| Cumulative translation adjustment - net of taxes: | | | |
| Americas (g) | $(3,788) | | $(3,357) |
| EMEA (g) | 1,020 | | (136) |
| APAC (g) | 616 | | (140) |
| Engineering | 354 | | (29) |
| Other | (1,020) | | 282 |
First 8 of 12 rows. The CSV has all of them.
Table 63 after “Significant classes of property, plant and equipment are as follows:”
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| (Millions of dollars)December 31, | Depreciable Lives (Yrs) | 2020 | 2019 | |
| Production plants (primarily 15-year life) (a) | 10-20 | $28,226 | | $25,493 |
| Storage tanks | 15-20 | 4,461 | | 4,295 |
| Transportation equipment and other | 3-15 | 2,978 | | 2,809 |
| Cylinders | 10-30 | 4,491 | | 4,184 |
| Buildings | 25-40 | 3,327 | | 3,162 |
| Land and improvements (b) | 0-20 | 1,259 | | 1,229 |
| Construction in progress | | 3,257 | | 3,146 |
First 8 of 11 rows. The CSV has all of them.
Table 64 after “Changes in the carrying amount of goodwill for the years ended December 31, 2020 and 2019 were as follows:”
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| (Millions of dollars) | Americas | EMEA | | APAC | Engineering | Other | | Total | | | | |
| Balance, December 31, 2018 | $9,174 | | $10,960 | | $5,295 | | $1,075 | | | $370 | | $26,874 |
| Acquisitions (Note 2) | 135 | | — | | — | | | | — | | 135 | |
| Measurement period adjustments (Note 2) | (255) | | (636) | | (323) | | 1,410 | | | (42) | | 154 |
| Foreign currency translation and other | (12) | | (81) | | (15) | | (15) | | | (21) | | (144) |
| Balance, December 31, 2019 | 9,042 | | 10,243 | | 4,957 | | 2,470 | | | 307 | | 27,019 |
| Acquisitions (Note 2) | 13 | | — | | — | | — | | | — | | 13 |
| Foreign currency translation and other | 35 | | 643 | | 305 | | 212 | | | 23 | | 1,218 |
First 8 of 10 rows. The CSV has all of them.
Table 65 after “The following is a summary of Linde’s other intangible assets at December 31, 2020 and 2019:”
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| (Millions of dollars) For the year ended December 31, 2020 | Customer Relationships | Brands/Tradenames | | Other Intangible Assets | Total | |
| Cost: | | | | | | |
| Balance, December 31, 2019 | $13,205 | | $2,764 | | $1,612 | $17,581 |
| Additions | 5 | | — | | 56 | 61 |
| Foreign currency translation | 632 | | 134 | | 47 | 813 |
| Disposals | (2) | | — | | (20) | (22) |
| Other * | (64) | | (3) | | 2 | (65) |
| Balance, December 31, 2020 | 13,776 | | 2,895 | | 1,697 | 18,368 |
First 8 of 31 rows. The CSV has all of them.
Table 66 after “Total estimated annual amortization expense related to finite-lived intangibles is as follows:”
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| (Millions of dollars) | |
| 2021 | $729 |
| 2022 | 608 |
| 2023 | 581 |
| 2024 | 572 |
| 2025 | 529 |
| Thereafter | 11,173 |
| Total amortization related to finite-lived intangible assets | 14,192 |
First 8 of 10 rows. The CSV has all of them.
| (Millions of dollars) | 2020 | 2019 | |
| Short-term | | | |
| Commercial paper | $2,527 | | $996 |
| Other borrowings (primarily international) | 724 | | 736 |
| Total short-term debt | 3,251 | | 1,732 |
| Long-term (a) | | | |
| (U.S. dollar denominated unless otherwise noted) | | | |
| 2.25% Notes due 2020 (b) | — | | 300 |
First 8 of 39 rows. The CSV has all of them.
Table 68 after “Expected maturities of long-term debt are as follows:”
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| (Millions of dollars) | |
| 2021 | $751 |
| 2022 | 2,440 |
| 2023 | 1,853 |
| 2024 | 1,067 |
| 2025 | 1,083 |
| Thereafter | 5,709 |
| $12,903 |
Table 69 after “The following table is a summary of the notional amount and fair value of derivatives outstanding at December 31, 2020 and 2019 for consolid”
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| | | | Fair Value | | | | | | | | |
| (Millions of dollars) | Notional Amounts | Assets (a) | | Liabilities (a) | | | | | | | | |
| December 31, | 2020 | 2019 | | 2020 | 2019 | | 2020 | | 2019 | | | |
| Derivatives Not Designated as Hedging Instruments: | | | | | | | | | | | | |
| Currency contracts: | | | | | | | | | | | | |
| Balance sheet items | $6,470 | | $7,936 | | $72 | | | $62 | | $48 | | $37 |
| Forecasted transactions | 823 | | 748 | | 16 | | | 14 | | 12 | | 15 |
| Cross-currency swaps | 260 | | 1,029 | | 24 | | | 35 | | 7 | | 40 |
First 8 of 18 rows. The CSV has all of them.
| (Millions of dollars) | Amount of Pre-Tax Gain (Loss) Recognized in Earnings * | | | | |
| December 31, | 2020 | 2019 | | 2018 | |
| Derivatives Not Designated as Hedging Instruments | | | | | |
| Currency contracts: | | | | | |
| Balance sheet items: | | | | | |
| Debt-related | $(125) | | $253 | | $(118) |
| Other balance sheet items | (40) | | 65 | | 3 |
| Total | $(165) | | $318 | | $(115) |
Table 71 after “The following table summarizes assets and liabilities measured at fair value on a recurring basis at December 31, 2020 and 2019:”
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| Fair Value Measurements Using | | | | | | | | | |
| (Millions of dollars) | Level 1 | Level 2 | | Level 3 | | | | | | |
| 2020 | 2019 | | 2020 | 2019 | 2020 | | 2019 | | |
| Assets | | | | | | | | | | |
| Derivative assets | $— | | $— | | $200 | | $167 | | $— | $— |
| Investments and securities * | 21 | | 18 | | — | | — | | 47 | 28 |
| Total | $21 | | $18 | | $200 | | $167 | | $47 | $28 |
| Liabilities | | | | | | | | | | |
First 8 of 9 rows. The CSV has all of them.
Table 72 after “The following weighted-average assumptions were used to value the grants in 2020, 2019 and 2018:”
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| Year Ended December 31, | 2020 | 2019 | | 2018 | |
| Dividend yield | 2.2% | | 2.0% | | 2.1% |
| Volatility | 15.8% | | 14.3% | | 14.4% |
| Risk-free interest rate | 0.60% | | 2.38% | | 2.67% |
| Expected term years | 6 | 6 | | 5 | |
Table 73 after “The following table summarizes option activity under the plans as of December 31, 2020 and changes during the period then ended (averages ar”
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| Activity | Number of Options (000’s) | Average Exercise Price | | Average Remaining Life | Aggregate Intrinsic Value | |
| Outstanding at January 1, 2020 | 9,297 | | $127.04 | | | |
| Granted | 1,155 | | 173.16 | | | |
| Exercised | (2,205) | | 115.34 | | | |
| Cancelled or expired | (180) | | 162.97 | | | |
| Outstanding at December 31, 2020 | 8,067 | | $136.05 | | 6.0 | $1,028 |
| Exercisable at December 31, 2020 | 5,707 | | $123.93 | | 5.0 | $797 |
Table 74 after “The following table summarizes non-vested performance-based and restricted stock award activity as of December 31, 2020 and changes during t”
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| Performance-Based | Restricted Stock | | | | |
| Number of Shares (000’s) | Average Grant Date Fair Value | | Number of Shares (000’s) | Average Grant Date Fair Value | |
| Non-vested at January 1, 2020 | 246 | | $184.29 | | 884 | $129.43 |
| Granted | 224 | | 174.70 | | 186 | 174.95 |
| Vested | — | | — | | (355) | 117.62 |
| Cancelled and Forfeited | (33) | | 178.27 | | (27) | 160.90 |
| Non-vested at December 31, 2020 | 437 | | $179.76 | | 688 | $148.56 |
| (Millions of dollars)Year Ended December 31, | Pensions | | OPEB | | | | | | | |
| 2020 | | 2019 | | 2018 | 2020 | | 2019 | 2018 | | |
| Amount recognized in Operating Profit | | | | | | | | | | |
| Service cost | $150 | | | $142 | | $74 | | $2 | $2 | $2 |
| Amount recognized in Net pension and OPEB cost (benefit), excluding service cost | | | | | | | | | | |
| Interest cost | 208 | | | 261 | | 128 | | 5 | 7 | 5 |
| Expected return on plan assets | (482) | | | (462) | | (219) | | — | — | — |
| Net amortization and deferral | 90 | | | 61 | | 71 | | (4) | (4) | (3) |
First 8 of 14 rows. The CSV has all of them.
| (Millions of dollars)Year Ended December 31, | Pensions | | | | | | | | |
| 2020 | | 2019 | OPEB | | | | | | |
| U.S. | | International | U.S. | International | | 2020 | 2019 | | |
| Change in Benefit Obligation ("PBO") | | | | | | | | | |
| Benefit obligation, January 1 | $2,552 | | $8,689 | | $2,508 | | $7,533 | $192 | $184 |
| Service cost | 37 | | 113 | | 38 | | 104 | 2 | 2 |
| Interest cost | 68 | | 140 | | 81 | | 180 | 5 | 7 |
| Divestitures | — | | — | | (1) | | — | — | — |
First 8 of 37 rows. The CSV has all of them.
Table 77 after “Comparative funded status information as of December 31, 2020 and 2019 for select international pension plans is presented in the table belo”
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| United Kingdom | Germany | | Other International | Total International | |
| (Millions of dollars) | 2020 | 2020 | | 2020 | 2020 | |
| Benefit obligation, December 31 | $6,012 | | $2,582 | | $1,393 | $9,987 |
| Fair value of plan assets, December 31 | 5,355 | | 1,258 | | 1,040 | 7,653 |
| Funded Status, End of Year | $(657) | | $(1,324) | | $(353) | $(2,334) |
| United Kingdom | Germany | | Other International | Total International | |
| (Millions of dollars) | 2019 | 2019 | | 2019 | 2019 | |
| Benefit obligation, December 31 | $5,221 | | $2,180 | | $1,288 | $8,689 |
First 8 of 10 rows. The CSV has all of them.
Table 78 after “The changes in plan assets and benefit obligations recognized in other comprehensive income in 2020 and 2019 are as follows:”
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| Pensions | OPEB | | | | |
| (Millions of dollars) | 2020 | 2019 | | 2020 | 2019 | |
| Current year net actuarial losses (gains)* | $598 | | $834 | | $(2) | $8 |
| Amortization of net actuarial gains (losses) | (89) | | (59) | | 2 | 3 |
| Plan amendment | 7 | | (4) | | (13) | — |
| Amortization of prior service credits (costs) | (1) | | (2) | | 2 | 1 |
| Pension settlements | (6) | | (97) | | — | — |
| Curtailments | (1) | | — | | — | 2 |
First 8 of 10 rows. The CSV has all of them.
Table 79 after “The following table provides information for pension plans where the accumulated benefit obligation exceeds the fair value of plan assets:”
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| (Millions of dollars)Year Ended December 31, | Pensions | | | | | |
| 2020 | | 2019 | | | | |
| U.S. | | International | U.S. | International | | |
| Accumulated benefit obligation ("ABO") | $2,518 | | $8,694 | | $2,464 | $7,664 |
| Fair value of plan assets | $2,180 | | $6,254 | | $2,048 | $5,849 |
Table 80 after “The following table provides information for pension plans where the projected benefit obligation exceeds the fair value of plan assets:”
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| (Millions of dollars)Year Ended December 31, | Pensions | | | | | |
| 2020 | | 2019 | | | | |
| U.S. | | International | U.S. | International | | |
| Projected benefit obligation ("PBO") | $2,618 | | $8,845 | | $2,552 | $7,810 |
| Fair value of plan assets | $2,180 | | $6,282 | | $2,048 | $5,872 |
Table 81 after “The assumptions used to determine benefit obligations are as of the respective balance sheet dates and the assumptions used to determine net”
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| Pensions | | | | | | | | | | |
| U.S. | International | | OPEB | | | | | | | |
| 2020 | 2019 | | 2020 | 2019 | 2020 | | 2019 | | | |
| Weighted average assumptions used to determine benefit obligations at December 31, | | | | | | | | | | | |
| Discount rate | 2.40% | | 3.20% | | 1.36% | | 1.91% | | 2.39% | | 3.19% |
| Interest crediting rate | 1.57% | | 2.19% | | 1.01% | | 1.08% | | N/A | N/A | |
| Rate of increase in compensation levels | 3.25% | | 3.25% | | 2.55% | | 2.46% | | N/A | N/A | |
| Weighted average assumptions used to determine net periodic benefit cost for years ended December 31, | | | | | | | | | | | |
First 8 of 12 rows. The CSV has all of them.
| OPEB | | |
| Assumed healthcare cost trend rates | 2020 | 2019 | |
| Historical Praxair, Inc. plans | | | |
| Healthcare cost trend assumed | 6.50% | | 7.00% |
| Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) | 5.00% | | 5.00% |
| Year that the rate reaches the ultimate trend rate | 2027 | 2027 | |
| Historical Linde AG plans | | | |
| Healthcare cost trend assumed | 6.50% | | 5.49% |
First 8 of 10 rows. The CSV has all of them.
Table 83 after “The international pension plans are managed individually based on diversified investment portfolios, with different target asset allocations”
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| U.S. | International | | | | | | | | |
| Asset Category | Target 2020 | Target 2019 | 2020 | 2019 | | Target 2020 | Target 2019 | 2020 | 2019 | |
| Equity securities | 40%-60% | 40%-60% | 66% | | 55% | | 15%-25% | 15%-25% | 27% | 23% |
| Fixed income securities | 30%-50% | 30%-50% | 27% | | 30% | | 30%-50% | 30%-50% | 34% | 41% |
| Other | 5%-15% | 5%-15% | 7% | | 15% | | 30%-50% | 30%-50% | 39% | 36% |
| Fair Value Measurements Using | | | | | | | | | | | | |
| Level 1 | Level 2 | | Level 3 ** | Total | | | | | | | | |
| (Millions of dollars) | 2020 | 2019 | | 2020 | 2019 | 2020 | | 2019 | 2020 | 2019 | | | |
| Cash and cash equivalents | $524 | | $436 | | $— | | $— | | $— | | $— | $524 | $436 |
| Equity securities: | | | | | | | | | | | | | |
| Global equities | 1,974 | | 1,395 | | — | | — | | — | | — | 1,974 | 1,395 |
| Mutual funds | 324 | | 110 | | — | | 52 | | — | | — | 324 | 162 |
| Fixed income securities: | | | | | | | | | | | | | |
First 8 of 22 rows. The CSV has all of them.
Table 85 after “** The following table summarizes changes in fair value of the pension plan assets classified as level 3 for the periods ended December 31, ”
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| (Millions of dollars) | Insurance Contracts | Real Estate Funds | | Private Debt | Total | |
| Balance, December 31, 2018 | $— | | $298 | | $671 | $969 |
| Gain/(Loss) for the period | — | | 24 | | 30 | 54 |
| Acquisitions | — | | — | | 14 | 14 |
| Purchases | — | | 26 | | 304 | 330 |
| Sales | — | | (22) | | (33) | (55) |
| Transfer into/ (out of) Level 3 | — | | (10) | | — | (10) |
| Foreign currency translation | — | | — | | 17 | 17 |
First 8 of 15 rows. The CSV has all of them.
Table 86 after “The following table presents estimated future benefit payments, net of participant contributions:”
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| (Millions of dollars) | Pensions | | | | |
| Year Ended December 31, | U.S. | International | | OPEB | |
| 2021 | $175 | | $360 | | $13 |
| 2022 | 146 | | 360 | | 12 |
| 2023 | 148 | | 371 | | 12 |
| 2024 | 151 | | 380 | | 11 |
| 2025 | 155 | | 389 | | 10 |
| 2026-2030 | 771 | | 1,046 | | 44 |
| (Millions of dollars) | 2020 | 2019 | | 2018 | |
| Sales (a) | | | | | |
| Americas | $10,459 | | $10,989 | | $8,017 |
| EMEA | 6,449 | | 6,643 | | 2,644 |
| APAC | 5,687 | | 5,779 | | 2,446 |
| Engineering | 2,851 | | 2,799 | | 459 |
| Other | 1,797 | | 1,953 | | 1,270 |
| Total Segment Sales | 27,243 | | 28,163 | | 14,836 |
First 8 of 10 rows. The CSV has all of them.
| 2020 | 2019 | | 2018 | |
| Segment Operating Profit | | | | | |
| Americas | $2,773 | | $2,577 | | $2,053 |
| EMEA | 1,465 | | 1,367 | | 481 |
| APAC | 1,277 | | 1,184 | | 465 |
| Engineering | 435 | | 390 | | 14 |
| Other | (153) | | (246) | | (37) |
| Reported Segment operating profit | 5,797 | | 5,272 | | 2,976 |
First 8 of 13 rows. The CSV has all of them.
| 2020 | 2019 | | 2018 | |
| Depreciation and Amortization | | | | | |
| Americas | $1,196 | | $1,195 | | $860 |
| EMEA | 723 | | 749 | | 269 |
| APAC | 619 | | 613 | | 271 |
| Engineering | 36 | | 35 | | 5 |
| Other | 132 | | 143 | | 79 |
| Segment depreciation and amortization | 2,706 | | 2,735 | | 1,484 |
First 8 of 10 rows. The CSV has all of them.
| 2020 | 2019 | | 2018 | |
| Capital Expenditures and Acquisitions | | | | | |
| Americas | $1,425 | | $1,814 | | $1,068 |
| EMEA | 670 | | 738 | | 329 |
| APAC | 1,214 | | 1,231 | | 372 |
| Engineering | 13 | | 79 | | 27 |
| Other | 146 | | 45 | | 112 |
| Total Capital Expenditures and Acquisitions | $3,468 | | $3,907 | | $1,908 |
| 2020 | 2019 | | 2018 | |
| Sales by Major Country | | | | | |
| United States | $8,475 | | $8,604 | | $5,942 |
| Germany | 3,740 | | 3,630 | | 868 |
| China | 2,061 | | 2,005 | | 1,032 |
| United Kingdom | 1,595 | | 1,653 | | 398 |
| Australia | 1,071 | | 1,127 | | 183 |
| Brazil | 822 | | 994 | | 1,003 |
First 8 of 10 rows. The CSV has all of them.
| 2020 | 2019 | | 2018 | |
| Long-lived Assets by Major Country (b) | | | | | |
| United States | $7,777 | | $7,498 | | $7,189 |
| Germany | 2,394 | | 2,429 | | 2,411 |
| China | 2,413 | | 2,254 | | 2,237 |
| United Kingdom | 1,313 | | 1,479 | | 1,582 |
| Australia | 1,105 | | 1,214 | | 1,476 |
| Brazil | 734 | | 956 | | 1,012 |
First 8 of 10 rows. The CSV has all of them.
Table 93 after “The following tables show sales by distribution method at the consolidated level and for each reportable segment and Other for the years end”
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| (Millions of dollars) | Year Ended December 31, 2020 | | | | | | | | | |
| Sales | Americas | EMEA | APAC | Engineering | Other | Total% | | | | |
| Merchant | $2,839 | | $1,870 | | $2,005 | | $— | $145 | $6,859 | 25% |
| On-Site | 2,513 | | 1,354 | | 2,049 | | — | — | 5,916 | 22% |
| Packaged Gas | 5,034 | | 3,175 | | 1,559 | | — | 22 | 9,790 | 36% |
| Other | 73 | | 50 | | 74 | | 2,851 | 1,630 | 4,678 | 17% |
| $10,459 | | $6,449 | | $5,687 | | $2,851 | $1,797 | $27,243 | 100% |
| (Millions of dollars) | Year Ended December 31, 2019 | | | | | | | | | |
First 8 of 14 rows. The CSV has all of them.
| (Millions of dollars) | Year Ended December 31, 2018 | | | | | | | | | |
| Sales | Americas | EMEA | APAC | Engineering | Other | Total% | | | | |
| Merchant | $2,775 | | $832 | | $826 | | $— | $119 | $4,552 | 31% |
| On-Site | 2,405 | | 536 | | 1,156 | | — | — | 4,097 | 28% |
| Packaged Gas | 2,800 | | 1,271 | | 443 | | — | 3 | 4,517 | 30% |
| Other | 37 | | 5 | | 21 | | 459 | 1,148 | 1,670 | 11% |
| $8,017 | | $2,644 | | $2,446 | | $459 | $1,270 | $14,836 | 100% |
Table 95 after “EQUITY COMPENSATION PLANS TABLE”
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| Plan Category | Number of securities to be issued upon exercise of outstanding options, warrants and rights (a) | Weighted-average exercise price of outstanding options, warrants and rights (b) | | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) | | |
| Equity compensation plans approved by shareholders | 9,192,326 | (1) | $136.05 | | 5,394,996 | (2) |
| Equity compensation plans not approved by shareholders | — | | — | | — | |
| Total | 9,192,326 | | $136.05 | | 5,394,996 | |
| Exhibit No. | Description |
| 2.1 | Business Combination Agreement by and among Linde Aktiengesellschaft, Praxair, Inc., Zamalight PLC, Zamalight Holdco LLC and Zamalight Subco, Inc. dated as of June 1, 2017 (Filed as Exhibit 2.1 to Praxair, Inc.'s Current Report on Form 8-K dated June 1, 2017, Filing No. 1-11037, and is incorporated herein by reference.) |
| 2.1a | Amendment No. 1, dated August 10, 2017, to the Business Combination Agreement, by and among Praxair, Inc., Linde Aktiengesellschaft, Linde plc, Zamalight Holdco LLC and Zamalight Subco, Inc. (Filed as Exhibit 2.1 to Praxair, Inc.'s Current Report on Form 8-K dated August 10, 2017, Filing No. 1-11037, and is incorporated hereby by reference.) |
| **2.2 | Sale and Purchase Agreement, dated July 5, 2018, by and among Praxair, Inc., Taiyo Nippon Sanso Corporation (“Taiyo”), and Linde plc with respect to the sale of a majority of Praxair’s businesses in Europe to Taiyo in connection with the Business Combination Agreement (Filed as Exhibit 2.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2018, File No. 1-38730, and is incorporated hereby by reference). |
| **2.3 | Sale and Purchase Agreement, dated July 16, 2018, by and among Linde AG, Praxair, Inc., MG Industries GmbH, Messer Canada Inc., MG Industries USA, Inc. (the MG entities and Messer Canada, Inc. being collectively referred to as “Messer”), and Linde plc with respect to the sale of certain assets of Linde AG in the Americas and certain assets of Praxair, Inc. to Messer in connection with the Business Combination Agreement (Filed as Exhibit 2.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2018, File No. 1-38730, and is incorporated hereby by reference). |
| **2.3a | First Amendment dated September 21, 2018 to the Sale and Purchase Agreement, dated July 16, 2018, by and among Linde AG, Praxair, Inc., Messer, and Linde plc with respect to the sale of certain additional assets of Linde AG in the Americas to Messer in connection with the Business Combination Agreement (Filed as Exhibit 2.3 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2018, File No. 1-38730, and is incorporated hereby by reference). |
| **2.3b | Second Amendment dated October 19, 2018 to the Sale and Purchase Agreement, dated July 16, 2018, as amended by the First Amendment thereto, by and among Linde AG, Praxair, Inc., Messer, and Linde plc, with respect to the sale of certain additional assets of Linde AG in the Americas to Messer in connection with the Business Combination Agreement (Filed as Exhibit 2.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2018, File No. 1-11037, and is incorporated hereby by reference). |
| **2.3c | Third Amendment dated February 20, 2019 to the Sale and Purchase Agreement, dated July 16, 2018, as amended by the First and Second Amendment thereto, by and among Linde AG, Praxair, Inc., Messer, and Linde plc, with respect to the sale of certain additional assets of Linde AG in the Americas to Messer in connection with the Business Combination Agreement dated as of June 1, 2017, as amended, to effect a combination of the businesses of Linde AG and Praxair, Inc. (Filed as Exhibit 2.4 to the Company’s Current Report on Form 8-K, filed on March 7, 2019, File No. 1-11037, and is incorporated hereby by reference). |
First 8 of 16 rows. The CSV has all of them.
| 4.08 | Fiscal Agency Agreement, dated May 11, 2020, among Linde plc, as Issuer and as Guarantor, Linde Finance B.V., as Issuer, and Deutsche Bank Aktiengesellschaft, as Fiscal Agent and Paying Agent (Filed as Exhibit 4.6 to the Linde plc Form 8-K dated May 26. 2020, Filing No 1-37830, and incorporated herein by reference). |
| 4.09 | Indenture, dated as of August 10, 2020, among Praxair, Inc., Linde plc and U.S. Bank National Association, as trustee (Filed as Exhibit 4.1 to the Linde plc Form 8-K dated August 10, 2020, Filing No. 1-38730, and incorporated herein by reference). |
| 4.10 | Copies of the agreements related to long-term debt which are not required to be filed as exhibits to this Annual Report on Form 10-K will be furnished to the Securities and Exchange Commission upon request. |
| 10.01 | Credit Agreement dated as of March 26, 2019, among Linde plc, certain of its subsidiaries parties thereto as borrowers, the lenders party thereto and Bank of America, N.A., as Administrative Agent (Filed as Exhibit 10.1 to Linde plc's current report on Form 8-K, dated April 3, 2019, Filing No. 1-38730, and incorporated herein by reference). |
| 10.01a | Credit Agreement Additional Guarantor Supplement, dated as of September 3, 2019, by Linde AG, and acknowledged by Bank of America, N.A., as Administrative Agent (Filed as Exhibit 10.2 to the Linde plc Form 8-K dated September 6, 2019, Filing No. 1-38730, and incorporated herein by reference). |
| *10.02 | Long Term Incentive Plan 2018 of Linde plc (Filed as Exhibit 4.4 to the Company’s Form S-8, filed on October 31, 2018, File No. 333-228084, and incorporated herein by reference). |
| *10.03 | Linde plc Annual Variable Compensation Plan effective January 1, 2019 (Filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed on January 25, 2019, File No. 1-38730, and is incorporated hereby by reference). |
| *10.04 | Praxair, Inc. Supplemental Retirement Income Plan A effective January 1, 2008 (Filed as Exhibit 10.05a to Praxair, Inc.'s 2008 Annual Report on Form 10-K, Filing No. 1-11037, and incorporated herein by reference). |
First 8 of 19 rows. The CSV has all of them.
| *10.05c | Third Amendment to the Praxair, Inc. Equalization Benefit Plan effective December 1, 2017 (Filed as Exhibit 10.05k to Praxair, Inc.’s 2017 Annual Report on Form 10-K, File No. 1-11037, and is incorporated herein by reference). |
| *10.05d | Linde Inc. 2018 Equalization Benefit Plan, Amended and Restated effective September 1, 2020 (Filed as Exhibit 10.5 to Linde plc's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, Filing No. 1-38730, and incorporated herein by reference). |
| *10.05e | Linde Inc. 2018 Supplemental Retirement Income Plan A, Amended and Restated effective September 1, 2020 (Filed as Exhibit 10.3 to Linde plc’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, Filing No. 1-38730, and incorporated herein by reference). |
| *10.05f | Linde Inc. 2018 Supplemental Retirement Income Plan B, Amended and Restated effective September 1, 2020 (Filed as Exhibit 10.4 to Linde plc's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, Filing No. 1-38730, and incorporated herein by reference). |
| *10.06 | Praxair, Inc. Director’s Fees Deferral Plan amended and restated effective January 26, 2010 (Filed as Exhibit 10.06 to Praxair Inc.’s 2009 Annual Report on Form 10-K, Filing No. 1-11037, and incorporated herein by reference). |
| *10.07 | Linde Compensation Deferral Program Amended and Restated effective September 1, 2020 (Filed as Exhibit 10.2 to Linde plc's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. Filing No. 1-38730, and incorporated herein by reference). |
| *10.08 | Service Credit Arrangement for Stephen F. Angel dated May 23, 2007 was filed as Exhibit 10.20 to Praxair, Inc.'s Form 8-K filed on May 24, 2007 and is incorporated herein by reference. |
| *10.09 | Amended and Restated 2009 Praxair, Inc. Long Term Incentive Plan (Filed as Exhibit 4.03 to Praxair, Inc.'s Form S-8, filed on October 31, 2018, File No. 333-228084, and incorporated herein by reference). |
First 8 of 19 rows. The CSV has all of them.
| *10.09l | Form of Performance Share Unit Award under the Amended and Restated 2009 Praxair, Inc. Long Term Incentive Plan for grants beginning in 2019 with Total Shareholder Return performance metrics (Filed as Exhibit 10.11O to Linde plc’s 2018 Annual Report on Form 10-K, Filing No. 1-38730, and incorporated herein by reference). |
| *10.10 | Form of Employer-Funded Pension Plan Executive Agreement of Linde AG (Filed as Exhibit 10.14 to Linde plc’s 2018 Annual Report on Form 10-K, Filing No. 1-38730, and incorporated herein by reference). |
| *10.11 | Form of Linde AG Executive Employment Agreement (Filed as Exhibit 10.15 to Linde plc’s 2018 Annual Report on Form 10-K, Filing No. 1-38730, and incorporated herein by reference). |
| *10.11a | Form of Change Control Appendix to Linde AG Executive Employment Agreement. (Filed as Exhibit 10.15A to Linde plc’s 2018 Annual Report on Form 10-K, Filing No. 1-38730, and incorporated herein by reference). |
| *10.12 | Service Agreement by and between Linde Holding GmbH and Mr. Sanjiv Lamba, dated December 20, 2019 (Filed as Exhibit 10.13 to Linde plc's 2019 Annual Report on Form 10-K, Filing No. 1-38730, and incorporated herein by reference). |
| *10.12a | Long Term Assignment Contract as Addendum to Service Agreement by and between Linde Holding GmbH and Mr. Sanjiv Lamba, dated December 12, 2020 |
| *10.12b | Pension Agreement among Linde AG, Linde Holding GmbH and Mr. Sanjiv Lamba, dated December 20, 2019 (Filed as Exhibit 10.13a to Linde plc's 2019 Annual Report on Form 10-K, Filing No. 1-38730, and incorporated herein by reference). |
| *10.13 | Form of Linde plc Director Indemnification Agreement (Filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed on October 31, 2018, File No. 333-218485, and incorporated herein by reference). |
First 8 of 20 rows. The CSV has all of them.