Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Reported Income

Linde plc, adjusted current assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current assets	12,620)	13,047)	10,159)	10,924)	10,352)
Adjustments
Add: Allowance for expected credit losses	457)	405)	405)	471)	306)
After Adjustment
Adjusted current assets	13,077)	13,452)	10,564)	11,395)	10,658)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Linde plc, adjusted total assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	80,811)	79,658)	81,605)	88,229)	86,612)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowance for expected credit losses	457)	405)	405)	471)	306)
Less: Deferred tax assets (included in Other long-term assets)²	226)	230)	242)	268)	243)
After Adjustment
Adjusted total assets	81,042)	79,833)	81,768)	88,432)	86,675)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets (included in Other long-term assets). See details »

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Linde plc, adjusted current liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current liabilities	15,717)	16,479)	13,643)	13,740)	12,160)
Adjustments
Less: Current cost reduction programs	146)	187)	200)	199)	140)
After Adjustment
Adjusted current liabilities	15,571)	16,292)	13,443)	13,541)	12,020)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Linde plc, adjusted total liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	39,716)	38,271)	36,164)	38,647)	34,977)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities (included in Deferred credits)²	5,749)	5,886)	6,239)	6,704)	6,889)
Less: Cost reduction programs	214)	320)	453)	369)	200)
After Adjustment
Adjusted total liabilities	33,753)	32,065)	29,472)	31,574)	27,888)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities (included in Deferred credits). See details »

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Linde plc, adjusted total Linde plc shareholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total Linde plc shareholders’ equity	39,720)	40,028)	44,035)	47,317)	49,074)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(5,523)	(5,656)	(5,997)	(6,436)	(6,646)
Add: Allowance for expected credit losses	457)	405)	405)	471)	306)
Add: Cost reduction programs	214)	320)	453)	369)	200)
Add: Redeemable noncontrolling interests	13)	13)	13)	13)	113)
Add: Noncontrolling interests	1,362)	1,346)	1,393)	2,252)	2,448)
After Adjustment
Adjusted total equity	47,289)	47,768)	52,296)	56,858)	58,787)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Net deferred tax assets (liabilities). See details »

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Linde plc, adjusted capitalization table

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Short-term debt	4,713)	4,117)	1,163)	3,251)	1,732)
Current portion of long-term debt	1,263)	1,599)	1,709)	751)	1,531)
Current finance lease liabilities	50)	42)	47)	38)	—)
Long-term debt, excluding current portion	13,397)	12,198)	11,335)	12,152)	10,693)
Long-term finance lease liabilities	143)	114)	129)	125)	—)
Total reported debt	19,566)	18,070)	14,383)	16,317)	13,956)
Total Linde plc shareholders’ equity	39,720)	40,028)	44,035)	47,317)	49,074)
Total reported capital	59,286)	58,098)	58,418)	63,634)	63,030)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Current operating lease liabilities²	177)	181)	215)	237)	260)
Add: Long-term operating lease liabilities³	572)	540)	618)	669)	716)
Adjusted total debt	20,315)	18,791)	15,216)	17,223)	14,932)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(5,523)	(5,656)	(5,997)	(6,436)	(6,646)
Add: Allowance for expected credit losses	457)	405)	405)	471)	306)
Add: Cost reduction programs	214)	320)	453)	369)	200)
Add: Redeemable noncontrolling interests	13)	13)	13)	13)	113)
Add: Noncontrolling interests	1,362)	1,346)	1,393)	2,252)	2,448)
Adjusted total equity	47,289)	47,768)	52,296)	56,858)	58,787)
After Adjustment
Adjusted total capital	67,604)	66,559)	67,512)	74,081)	73,719)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Linde plc, adjusted net income, Linde plc

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net income, Linde plc	6,199)	4,147)	3,826)	2,501)	2,285)
Adjustments
Add: Deferred income tax expense (benefit)¹	(84)	(383)	(254)	(368)	(303)
Add: Increase (decrease) in allowance for expected credit losses	52)	—)	(66)	165)	194)
Add: Increase (decrease) in cost reduction programs	(106)	(133)	84)	169)	200)
Less: Income from discontinued operations, net of tax	—)	—)	5)	4)	109)
Add: Other comprehensive income (loss)	(35)	(778)	(358)	157)	(435)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	130)	90)	135)	158)	19)
After Adjustment
Adjusted net income, including noncontrolling interests	6,156)	2,943)	3,362)	2,778)	1,851)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Deferred income tax expense (benefit). See details »

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Linde plc (NASDAQ:LIN)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Reported Income