v3.24.2.u1
Equity
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Equity Equity
A summary of the changes in total equity for the quarter and six months ended June 30, 2024 and 2023 is provided below:
Quarter Ended June 30,
(Millions of dollars)20242023
ActivityLinde plc
Shareholders’
Equity		Noncontrolling
Interests 		Total
Equity		Linde plc
Shareholders’
Equity		Noncontrolling
Interests		Total
Equity
Balance, beginning of period $38,829 $1,387 $40,216 $39,970 $1,353 $41,323 
Net income (a)1,663 37 1,700 1,575 37 1,612 
Other comprehensive income (loss)(266)(10)(276)(89)(23)(112)
Noncontrolling interests:
Additions (reductions)— — — (11)(7)(18)
Dividends and other capital changes— (55)(55)— (36)(36)
Dividends to Linde plc ordinary share holders ($1.39 per share in 2024 and $1.275 per share in 2023)
(665)— (665)(623)— (623)
Issuances of ordinary shares:
For employee savings and incentive plans(15)— (15)(35)— (35)
Purchases of ordinary shares(1,407)— (1,407)(912)— (912)
Share-based compensation40 — 40 36 — 36 
Balance, end of period$38,179 $1,359 $39,538 $39,911 $1,324 $41,235 
Six Months Ended June 30,
(Millions of dollars)20242023
ActivityLinde plc
Shareholders’
Equity		Noncontrolling
Interests 		Total
Equity		Linde plc
Shareholders’
Equity		Noncontrolling
Interests		Total
Equity
Balance, beginning of period $39,720 $1,362 $41,082 $40,028 $1,346 $41,374 
Net income (a)3,290 75 3,365 3,091 73 3,164 
Other comprehensive income (loss)(989)(25)(1,014)(117)(25)(142)
Noncontrolling interests:
Additions (reductions)— 11 11 (11)(5)(16)
Dividends and other capital changes— (64)(64)— (65)(65)
Dividends to Linde plc ordinary share holders ($2.78 per share in 2024 and $2.55 per share in 2023)
(1,334)— (1,334)(1,246)— (1,246)
Issuances of ordinary shares:
For employee savings and incentive plans(141)— (141)(98)— (98)
Purchases of ordinary shares(2,445)— (2,445)(1,802)— (1,802)
Share-based compensation78 — 78 66 — 66 
Balance, end of period$38,179 $1,359 $39,538 $39,911 $1,324 $41,235 
(a) Net income for noncontrolling interests excludes net income related to redeemable noncontrolling interests which is not significant for the quarter and six months ended June 30, 2024 and 2023 and which is not part of total equity.
The components of Accumulated other comprehensive income (loss) are as follows:
June 30,December 31,
(Millions of dollars)20242023
Cumulative translation adjustment - net of taxes:
Americas$(4,055)$(3,618)
EMEA(1,100)(737)
APAC(1,433)(1,037)
Engineering(248)(93)
Other 471 113 
(6,365)(5,372)
Derivatives - net of taxes3 7 
Pension / OPEB (net of $67 million and $60 million tax benefit at June 30, 2024 and December 31, 2023, respectively)
(432)(440)
$(6,794)$(5,805)