Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 34

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 34
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625% Euro denominated notes due 2034700 670 3.50% Euro denominated notes due 2034804 769 1.625% Euro denominated notes due 2035859 822 3.40% Euro denominated notes due 2036750 718 3.250% Euro denominated notes due 2037 (c)695 — 3.55% Notes due 2042666 666 3.75% Euro denominated notes due 2044745 712 2.00% Notes due 2050297 297 1.00% Euro denominated notes due 2051740 707 Non U.S. borrowings213 214 Other10 10 19,432 17,400 Less: current portion of long-term debt(1,824)(2,057)Total long-term debt17,608 15,343 Total debt$23,897 $21,623 (a)Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable. (b)March 31, 2025 and December 31, 2024 included a cumulative $31 million and $32 million adjustment to carrying value, respectively, related to hedge accounting of interest rate swaps. Refer to Note 4.(c)In February 2025, Linde issued €850 million of 2.625% notes due in 2029, €750 million of 3.00% notes due in 2033, €650 million of 3.250% notes due in 2037.(d)In February 2025, Linde redeemed $600 million of 4.700% notes that were due in 2025 and repaid $400 million of 2.65% notes that became due. The company maintains a $5 billion and a $1.5 billion unsecured revolving credit agreement with a syndicate of banking institutions that expire on December 7, 2027 and December 3, 2025, respectively. There are no financial maintenance covenants contained within the credit agreements. No borrowings were outstanding under the credit agreements as of March 31, 2025.

The weighted-average interest rates of short-term borrowings outstanding were 3.5% and 3.8% as of March 31, 2025 and  December 31, 2024, respectively. 

4. Financial Instruments