XML 48 R35.htm IDEA: XBRL DOCUMENT v3.22.4
Supplemental Information (Tables)
12 Months Ended
Dec. 31, 2022
Supplemental Information [Abstract]  
Schedule of Selling General and Administrative
(Millions of dollars)
Year Ended December 31,
202220212020
Selling, General and Administrative
Selling$1,295 $1,342 $1,303 
General and administrative1,812 1,847 1,890 
$3,107 $3,189 $3,193 
Schedule of Depreciation and Amortization
Year Ended December 31,202220212020
Depreciation and Amortization (a)
Depreciation$3,633 $3,912 $3,861 
Amortization of intangibles (Note 10)571 723 765 
Depreciation and Amortization$4,204 $4,635 $4,626 
Depreciation and amortization expense in 2022 include $1,006 million and $474 million, respectively, of Linde AG purchase accounting impacts. In 2021, depreciation and amortization expense include $1,245 million and $618 million, respectively, of Linde AG purchase accounting impacts.
Schedule of Other Income (Expense)
Year Ended December 31,202220212020
Other Income (Expenses) – Net
Currency related net gains (losses)$(18)$(29)$(28)
Partnership income18 13 10 
Severance expense(13)(5)(5)
Asset divestiture gains (losses) – net(9)(31)(78)
Other – net(40)26 40 
$(62)$(26)$(61)
Schedule of Interest Expense

Year Ended December 31,
202220212020
Interest Expense – Net
Interest incurred on debt and other$277 $227 $277 
Interest income(117)(40)(55)
Amortization on acquired debt(35)(53)(85)
Interest capitalized(62)(57)(38)
Bond redemption (b)— — 16 
$63 $77 $115 
In December 2020, the company repaid $500 million of 4.05% notes and $500 million of 3.00% notes that were due in 2021 resulting in a $16 million interest charge.
Schedule of Noncontrolling Interests Income

Year Ended December 31,
202220212020
Income Attributable to Noncontrolling Interests
Noncontrolling interests' operations (c)$134 $135 $125 
In 2022, 2021 and 2020 noncontrolling interests from continuing operations includes $22 million, $15 million and $57 million, respectively, of Linde AG purchase accounting impacts. The decrease in 2021 is primarily related to the deconsolidation of a joint venture with operations in APAC (see Note 2) and the buyout of minority interests in the Republic of South Africa (see Note 14).
Schedule of Accounts Receivable
(Millions of dollars)
December 31,
20222021
Accounts Receivable
Trade and Other receivables$4,964 $4,904 
Less: allowance for expected credit losses(405)(405)
$4,559 $4,499 
Schedule of Inventories

December 31,
20222021
Inventories
Raw materials and supplies$567 $399 
Work in process368 334 
Finished goods1,043 1,000 
$1,978 $1,733 
Schedule of Prepaid and Other Current Assets
December 31,20222021
Prepaid and Other Current Assets
Prepaid and other deferred charges (d)$597 $527 
VAT recoverable225 196 
Unrealized gains on derivatives (Note 12)24 101 
Other104 146 
$950 $970 
Includes estimated income tax payments of $164 million in 2022 and $122 million in 2021.
Schedule of Other Long-term Assets
December 31,20222021
Other Long-term Assets
Pension assets (Note 16)$661 $139 
Insurance contracts (e)39 46 
Long-term receivables, net (f)164 105 
Lease assets (Note 4)872 1,016 
Deposits52 43 
Investments carried at cost (h)184 18 
Deferred charges66 62 
Deferred income taxes (Note 5) 230 242 
Unrealized gains on derivatives (Note 12)35 
Other204 278 
$2,476 $1,984 
Consists primarily of insurance contracts and other investments to be utilized for non-qualified pension and OPEB obligations.The balances at December 31, 2022 and 2021 are net of reserves of $36 million and $33 million, respectively. The amounts in both years relate primarily to long-term notes receivable from customers in APAC and government receivables in Brazil. The amount in 2022 also includes receivables from the sale of GIST. In 2022 includes investments from the deconsolidation of Russian subsidiaries.
Schedule of Other Current Liabilities
December 31,20222021
Other Current Liabilities
Accrued expenses$1,533 $1,248 
Payroll614 710 
VAT payable259 295 
Pension and postretirement (Note 16)51 38 
Interest payable118 102 
Lease liability (Note 4)223 262 
Insurance reserves19 19 
Unrealized losses on derivatives (Note 12)23 27 
Cost reduction programs (Note 3)187 200 
Other1,055 998 
$4,082 $3,899 
Schedule of Other Long-term Liabilities
December 31,20222021
Other Long-term Liabilities
Pension and postretirement (Note 16)$640 $1,802 
Tax liabilities for uncertain tax positions (Note 5)248 302 
Tax Act liabilities for deemed repatriation (Note 5)139 178 
Lease liability (Note 4)654 747 
Interest and penalties for uncertain tax positions (Note 5)35 40 
Insurance reserves52 56 
Asset retirement obligation305 305 
Unrealized losses on derivatives (Note 12)73 
Cost reduction programs (Note 3)133 253 
Other 516 497 
$2,795 $4,188 
Schedule of Deferred Credits
December 31,20222021
Deferred Credits
Deferred income taxes (Note 5) $5,886 $6,239 
Other913 759 
$6,799 $6,998 
Schedule of Accumulated Other Comprehensive Income (Loss)
December 31,20222021
Accumulated Other Comprehensive Income (Loss)
Cumulative translation adjustment - net of taxes:
Americas (g)$(3,942)$(3,985)
EMEA (g)(1,249)94 
APAC (g)(835)154 
Engineering(241)24 
Other483 (280)
(5,784)(3,993)
Derivatives – net of taxes62 75 
Pension/OPEB funded status obligation (net of $54 million tax obligation in 2022 and $305 million tax benefit in 2021) (Note 16)
(60)(1,130)
$(5,782)$(5,048)
Americas consists of currency translation adjustments primarily in Canada, Mexico, and Brazil. EMEA relates primarily to Germany, the U.K. and Sweden. APAC relates primarily to China, South Korea, India and Australia.