Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 101

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 101
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. This represents the total estimated capital cost of large plants under construction.

Acquisitions, net of cash acquired, were $393 million for the nine months ended September 30, 2025, and relate primarily to businesses in the Americas, APAC and EMEA segments. Acquisitions, net of cash acquired, were $175 million for the nine months ended September 30, 2024 and related primarily to packaged gas businesses in the Americas segment.

Divestitures, net of cash divested and asset sales, for the nine months ended September 30, 2025 were $31 million. 2024 divestitures, net of cash divested and asset sales were $154 million, which primarily related to $69 million in net proceeds for a

divestiture in APAC and a settlement with a supplier in the Americas. 

Other investing, net for the nine months ended September 30, 2025 was outflows of $95 million and relate to the cash settlement of foreign exchange contracts designated in a net investment hedging relationship.

Financing

Cash used for financing activities was $3,536 million for the nine months ended September 30, 2025 as compared to $2,749 million for the nine months ended September 30, 2024. Cash provided by debt was $1,917 million in 2025 versus $2,628 million in 2024, driven primarily by lower net debt issuances in 2025 partially offset by higher commercial paper issuances. For the nine months ended September 30, 2025, Linde issued €2,250 million Euro-denominated notes and CHF500 million Swiss-franc denominated notes and redeemed or repaid $1,000 million U.S. dollar-denominated notes and €500 million Euro denominated notes.

Net purchases of ordinary shares were $3,191 million in 2025 versus $3,120 million in 2024.  For additional information related to the share repurchase programs, see Part II Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.  

Cash dividends of $2,113 million increased $117 million from 2024 driven primarily by a 8% increase in quarterly dividends per share from $1.39 per share to $1.50 per share, partially offset by lower shares outstanding. Cash used for Noncontrolling interest transactions and other was $149 million for the nine months ended September 30, 2025 versus cash used of $261 million for the