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Tables in the 10-Q of LINDE PLC

44 tables with numbers, filed May 6, 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 ↗

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)

INDEX
PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)
	Consolidated Statements of Income - Quarters Ended March 31, 2021 and 2020	4
	Consolidated Statements of Comprehensive Income - Quarters Ended March 31, 2021 and 2020	5
	Condensed Consolidated Balance Sheets - March 31, 2021 and December 31, 2020	6
	Condensed Consolidated Statements of Cash Flows - Three Months Ended March 31, 2021 and 2020	7
	Notes to Condensed Consolidated Financial Statements	8

	Quarter Ended March 31,
	2021	2020
Sales	$7,243		$6,739
Cost of sales, exclusive of depreciation and amortization	4,054		3,843
Selling, general and administrative	787		861
Depreciation and amortization	1,166		1,142
Research and development	35		44
Cost reduction programs and other charges	(8)		131

	March 31, 2021	December 31, 2020
Assets
Cash and cash equivalents	$4,096		$3,754
Accounts receivable - net	4,139		4,167
Contract assets	137		162
Inventories	1,695		1,729
Prepaid and other current assets	1,065		1,112
Total Current Assets	11,132		10,924

	Three Months Ended March 31,
	2021	2020
Increase (Decrease) in Cash and Cash Equivalents
Operations
Net income - Linde plc	$980		$573
Less: Income from discontinued operations, net of tax and noncontrolling interests	(1)		(2)
Add: Noncontrolling interests from continuing operations	38		35
Income from continuing operations (including noncontrolling interests)	1,017		606

Note 1. Summary of Significant Accounting Policies	9
Note 2. Cost Reduction Programs and Other Charges	9
Note 3. Supplemental Information	11
Note 4. Debt	12
Note 5. Financial Instruments	13
Note 6. Fair Value Disclosures	15
Note 7. Earnings Per Share – Linde plc Shareholders	17
Note 8. Retirement Programs	17

	Quarter Ended March 31, 2021
(millions of dollars)	Severance costs	Other cost reduction charges		Total cost reduction program related charges	Merger-related and other charges	Total
Americas	$3		$2		$5		$—	$5
EMEA	13		7		20		—	20
APAC	2		2		4		(53)	(49)
Engineering	7		—		7		—	7
Other	1		7		8		1	9
Total	$26		$18		$44		$(52)	$(8)

				Fair Value
	Notional Amounts	Assets (a)		Liabilities (a)
(Millions of dollars)	March 31, 2021	December 31, 2020		March 31, 2021	December 31, 2020	March 31, 2021		December 31, 2020
Derivatives Not Designated as Hedging Instruments:
Currency contracts:
Balance sheet items	$6,002		$6,470		$26		$72		$32	$48
Forecasted transactions	705		823		6		16		9	12
Cross-currency swaps	194		260		23		24		6	7

	Amount of Pre-Tax Gain (Loss) Recognized in Earnings *
	Quarter Ended March 31,
(Millions of dollars)	2021	2020
Derivatives Not Designated as Hedging Instruments
Currency contracts:
Balance sheet items
Debt-related	$19		$(5)
Other balance sheet items	4		(41)

	Fair Value Measurements Using
	Level 1	Level 2		Level 3
(Millions of dollars)	March 31, 2021	December 31, 2020		March 31, 2021	December 31, 2020	March 31, 2021		December 31, 2020
Assets
Derivative assets	$—		$—		$141		$200		$—	$—
Investments and securities*	20		21		—		—		45	47
Total	$20		$21		$141		$200		45	$47
Liabilities

	Quarter Ended March 31,
	2021	2020
NET INCOME (INCLUDING NONCONTROLLING INTERESTS)	$1,018		$608
OTHER COMPREHENSIVE INCOME (LOSS)
Translation adjustments:
Foreign currency translation adjustments	(657)		(2,740)
Reclassification to net income (Note 13)	(52)		—
Income taxes	(6)		25

(Millions of dollars)	March 31, 2021	December 31, 2020
Inventories
Raw materials and supplies	$364		$411
Work in process	347		337
Finished goods	984		981
Total inventories	$1,695		$1,729

(Millions of dollars)	March 31, 2021	December 31, 2020
SHORT-TERM
Commercial paper	$1,979		$2,527
Other borrowings (primarily non U.S.)	1,297		724
Total short-term debt	3,276		3,251
LONG-TERM (a)
(U.S. dollar denominated unless otherwise noted)
3.875% Euro denominated notes due 2021 (b)	709		748

	Quarter Ended March 31,
(Millions of dollars)	2021	2020
Activity	Linde plc Shareholders’ Equity	Noncontrolling Interests		Total Equity	Linde plc Shareholders’ Equity	Noncontrolling Interests		Total Equity
Balance, beginning of period	$47,317		$2,252		$49,569		$49,074		$2,448	$51,522
Net income (a)	980		38		1,018		573		35	608
Other comprehensive income (loss)	(655)		(6)		(661)		(2,574)		(106)	(2,680)
Noncontrolling interests:
Additions (reductions) (b)	—		(853)		(853)		—		2	2

	Quarter Ended March 31,
	Pensions	OPEB
(Millions of dollars)	2021	2020		2021	2020
Amount recognized in Operating Profit
Service cost	$40		$37		$—	$1
Amount recognized in Net pension and OPEB cost (benefit), excluding service cost
Interest cost	38		52		1	1
Expected return on plan assets	(131)		(120)		—	—

	March 31,	December 31,
(Millions of dollars)	2021	2020
Cumulative translation adjustment - net of taxes:
Americas	$(3,938)		$(3,788)
EMEA	620		1,020
APAC	327		616
Engineering	164		354
Other	(700)		(1,020)

(Millions of dollars)	Quarter Ended March 31, 2020
Sales	Americas	EMEA	APAC	Engineering	Other	Total%
Merchant	$726		$470		$459		$—	$47	$1,702	25%
On-Site	650		343		492		—	—	1,485	22%
Packaged Gas	1,275		811		360		—	5	2,451	36%
Other	26		9		25		608	433	1,101	17%
Total	$2,677		$1,633		$1,336		$608	$485	$6,739	100%

	Quarter Ended March 31,
(Millions of dollars, except per share data)	2021	2020		Variance
Sales	$7,243		$6,739		7%
Cost of sales, exclusive of depreciation and amortization	$4,054		$3,843		5%
As a percent of sales	56.0%		57.0%
Selling, general and administrative	$787		$861		(9)%
As a percent of sales	10.9%		12.8%
Depreciation and amortization	$1,166		$1,142		2%

	Quarter Ended March 31, 2021 vs. 2020
	% Change
Factors Contributing to Changes - Sales
Volume	3%
Price/Mix	2%
Cost pass-through	1%
Currency	4%
Acquisitions/divestitures	(3)%

	Percentage of YTD 2021 Consolidated Sales	Exchange Rate for Income Statement		Exchange Rate for Balance Sheet
	Year-To-Date Average	March 31,		December 31,
Currency	2021	2020		2021	2020
Euro	21%		0.83		0.91	0.85	0.82
Chinese yuan	8%		6.48		6.98	6.55	6.53
British pound	6%		0.73		0.78	0.73	0.73
Australian dollar	4%		1.29		1.52	1.32	1.30
Brazilian real	4%		5.46		4.43	5.70	5.20

Adjusted Income Taxes (a)
Reported income taxes	$268	$165
Add: Purchase accounting impacts - Linde AG (c)	118	122
Add: Cost reduction programs and other charges	20	36
Total adjustments	138	158
Adjusted income taxes	$406	$323
Adjusted Effective Tax Rate (a)
Reported income before income taxes and equity investments	$1,242	$754

Adjusted EBITDA and % of Sales
Income from continuing operations	$979	$571
Add: Noncontrolling interests related to continuing operations	38	35
Add: Net pension and OPEB cost (benefit), excluding service cost	(49)	(45)
Add: Interest expense	20	24
Add: Income taxes	268	165
Add: Depreciation and amortization	1,166	1,142
EBITDA from continuing operations	$2,422	$1,892

(Millions of dollars)
Statement of Income Data	Three Months Ended March 31, 2021	Twelve Months Ended December 31, 2020
Sales	$1,720		$6,772
Operating profit	179		760
Net income	87		660
Transactions with non-guarantor subsidiaries	424		2,082
Balance Sheet Data (at period end)
Current assets (a)	$3,227		$3,117

Period	Total Numberof SharesPurchased(Thousands)	Average Price Paid Per Share		Total Numbers of SharesPurchased as Part ofPublicly AnnouncedProgram (1,2) (Thousands)	Approximate DollarValue of Shares thatMay Yet be PurchasedUnder the Program (2)(Millions)
January 2021	537		$257.37		537	$1,138
February 2021	1,240		$251.63		1,240	$4,688
March 2021	1,719		$265.40		1,719	$4,232
First Quarter 2021	3,496		$259.28		3,496	$4,232

Tables in the 10-Q of LINDE PLC

Table 1 after “(Exact name of registrant as specified in its charter)”

Table 2 after “Table of Contents”

Table 3 after “(UNAUDITED)”

Table 4 after “(UNAUDITED)”

Table 5 after “(UNAUDITED)”

Table 6 after “(UNAUDITED)”

Table 7 after “Notes to Condensed Consolidated Financial Statements - Linde plc and Subsidiaries (Unaudited)”

Table 8 after “The following table summarizes the activities related to the company's cost reduction charges for the three months ended March 31, 2021:”

Table 9 after “The following table summarizes the activities related to the company's cost reduction related charges for the three months ended March 31, 2”

Table 10 after “The following is a summary of Linde's consolidated inventories:”

Table 11 after “The following is a summary of Linde's outstanding debt at March 31, 2021 and December 31, 2020:”

Table 12 after “The following table is a summary of the notional amount and fair value of derivatives outstanding at March 31, 2021 and December 31, 2020 fo”

Table 13 after “The following table summarizes the impact of the company’s derivatives on the consolidated statements of income:”

Table 14 after “The following table summarizes assets and liabilities measured at fair value on a recurring basis:”

Table 15 after “Basic and diluted earnings per share is computed by dividing Income from continuing operations, Income from discontinued operations and Net ”

Table 16 after “The components of net pension and postretirement benefits other than pensions (“OPEB”) costs for the quarters ended March 31, 2021 and 2020 ”

Table 17 after “The table below presents sales and operating profit information about reportable segments and Other for the quarters ended March 31, 2021 an”

Table 18 after “The table below presents sales and operating profit information about reportable segments and Other for the quarters ended March 31, 2021 an”

Table 19 after “A summary of the changes in total equity for the quarters ended March 31, 2021 and 2020 is provided below:”

Table 20 after “The components of AOCI are as follows:”

Table 21 after “The following tables show sales by distribution method at the consolidated level and for each reportable segment and Other for the three mon”

Table 22 after “Table of Contents”

Table 23 after “The following table provides summary information for the three months ended March 31, 2021 and 2020. The reported amounts are GAAP amounts f”

Table 24 after “The changes in consolidated sales compared to the prior year are attributable to the following:”

Table 25 after “The reported amounts are GAAP amounts from the Condensed Consolidated Statements of Income.”

Table 26 after “Americas”

Table 27 after “Americas”

Table 28 after “EMEA”

Table 29 after “EMEA”

Table 30 after “APAC”

Table 31 after “APAC”

Table 32 after “Engineering”

Table 33 after “Table of Contents”

Table 34 after “Other”

Table 35 after “Other”

Table 36 after “To help understand the reported results, the following is a summary of the significant currencies underlying Linde's consolidated results an”

Table 37 after “The following selected cash flow information provides a basis for the discussion that follows:”

Table 38 after “The following non-GAAP measures are intended to supplement investors’ understanding of the company’s financial information by providing meas”

Table 39 after “Table of Contents”

Table 40 after “Table of Contents”

Table 41 after “Net debt is a financial liquidity measure used by investors, financial analysts and management to evaluate the ability of a company to repay”

Table 42 after “Table of Contents”

Table 43 after “Purchases of Equity Securities- Certain information regarding purchases made by or on behalf of the company or any affiliated purchaser (as ”

Table 44 after “Item 6. Exhibits”

(a)	Exhibits
	10.01	First Amendment to the Linde Compensation Deferral Program effective April 1, 2021.
	31.01	Rule 13a-14(a) Certification
	31.02	Rule 13a-14(a) Certification
	32.01	Section 1350 Certification (such certifications are furnished for the information of the Commission and shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act).
	32.02	Section 1350 Certification (such certifications are furnished for the information of the Commission and shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act).
	101.INS	XBRL Instance Document: The XBRL Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
	101.SCH	XBRL Taxonomy Extension Schema