Company: LIN
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001628280-25-037164
Chunk: 61

Company: LINDE PLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 61
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ix Months Ended June 30,(Millions of dollars, except per share data)20252024Variance20252024VarianceSales$8,495 $8,267 3 %$16,607 $16,367 1 %Cost of sales, exclusive of depreciation and amortization$4,306 $4,251 1 %$8,463 $8,467 — %As a percent of sales50.7 %51.4 %51.0 %51.7 %Selling, general and administrative$870 $840 4 %$1,656 $1,700 (3)%As a percent of sales10.2 %10.2 %10.0 %10.4 %Depreciation and amortization$942 $958 (2)%$1,852 $1,907 (3)%Cost reduction program and other charges$— $— NA$55 $— NAOther income (expense) - net$15 $2 650 %$33 $60 45 %Operating profit$2,354 $2,184 8 %$4,538 $4,279 6 %Operating margin27.7 %26.4 %27.3 %26.1 %Interest expense - net$67 $70 (4)%$127 $135 (6)%Net pension and OPEB cost (benefit), excluding service cost$(59)$(49)20 %$(115)$(99)16 %Effective tax rate24.4 %23.5 %24.0 %22.9 %Income from equity investments$33 $45 (27)%$71 $93 (24)%Noncontrolling interests$(40)$(37)8 %$(74)$(75)(1)%Net Income – Linde plc$1,766 $1,663 6 %$3,439 $3,290 5 %Diluted earnings per share$3.73 $3.44 8 %$7.24 $6.79 7 %Diluted shares outstanding473,573 483,177 (2)%474,691 484,366 (2)%Number of employees64,842 65,987 (2