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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operations      
Net Income – Linde plc $ 4,147 $ 3,826 $ 2,501
Less: income from discontinued operations, net of tax and noncontrolling interests 0 (5) (4)
Add: Noncontrolling interests from continuing operations 134 135 125
Income from continuing operations (including noncontrolling interests) 4,281 3,956 2,622
Adjustments to reconcile net income to net cash provided by operating activities:      
Russia-Ukraine conflict and other charges, net of payments 902 98 258
Depreciation and amortization 4,204 4,635 4,626
Deferred income taxes (383) (254) (369)
Share-based compensation 107 128 133
Non-cash charges and other (49) (19) 152
Working capital      
Accounts receivable (423) (553) 19
Contract assets and liabilities, net 310 1,307 90
Inventory (347) (129) 18
Prepaid and other current assets (157) 76 128
Payables and accruals 307 447 109
Pension contributions (51) (42) (91)
Long-term assets, liabilities and other 163 75 (266)
Net cash provided by operating activities 8,864 9,725 7,429
Investing      
Capital expenditures (3,173) (3,086) (3,400)
Acquisitions, net of cash acquired (110) (88) (68)
Divestitures and asset sales, net of cash divested 195 167 482
Net cash used for investing activities (3,088) (3,007) (2,986)
Financing      
Short-term debt borrowings (repayments) – net 3,050 (1,329) 1,198
Long-term debt borrowings 3,210 2,283 2,796
Long-term debt repayments (1,785) (1,468) (2,681)
Issuances of ordinary shares 36 50 47
Purchases of ordinary shares (5,168) (4,612) (2,457)
Cash dividends – Linde plc shareholders (2,344) (2,189) (2,028)
Noncontrolling interest transactions and other (88) (323) (220)
Net cash used for financing activities (3,089) (7,588) (3,345)
Effect of exchange rate changes on cash and cash equivalents (74) (61) (44)
Change in cash and cash equivalents 2,613 (931) 1,054
Cash and cash equivalents, beginning-of-period 2,823 3,754 2,700
Cash and cash equivalents, end-of-period 5,436 2,823 3,754
Supplemental Data      
Income taxes paid 1,735 1,710 1,066
Interest paid, net of capitalized interest (Note 7) $ 170 $ 233 $ 322