Company: LIN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007990
Chunk: 50

Company: LINDE PLC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 50
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74      Settlement charges (a)10 16 6 $(190)$(164)$(237)Net periodic benefit cost (benefit)$(106)$(80)$(110)(a)  Settlement charges were triggered by lump sum benefit payments.Funded StatusChanges in the benefit obligation and plan assets for Linde’s pension and OPEB programs, including reconciliation of the funded status of the plans to amounts recorded in the consolidated balance sheet, as of December 31, 2024 and 2023 are shown below. 

76

(Millions of dollars)Year Ended December 31,20242023U.S.Non-U.S. U.S.Non-U.S.Change in Benefit Obligation ("PBO")Benefit obligation, January 1$2,187 $6,385 $2,129 $5,586 Service cost28 56 25 59 Interest cost103 259 105 268 Participant contributions11 18 11 18 Actuarial loss (gain)(73)(622)100 532 Benefits paid(155)(348)(162)(324)Plan settlement(11)(14)(21)(14)Foreign currency translation and other changes— (248)— 260 Benefit obligation, December 31$2,090 $5,486 $2,187 $6,385 Accumulated benefit obligation ("ABO")$1,964 $5,405 $2,037 $6,300 Change in Plan AssetsFair value of plan assets, January 1$2,050 $6,178 $1,891 $5,794 Actual return on plan assets267 271 300 365 Company contributions— 35 — 46 Participant contributions— 18 — 18 Benefits paid from plan assets(141)(321)(141)(320)Foreign currency translation and other changes— (231)— 275 Fair value of plan assets, December 31$2,176 $5,950 $2,050 $6,178 Funded Status, End of Year$86 $464 $(137)$(207)Recorded in the Balance Sheet   (Note 7)Other long-term assets$212 $894 $19 $361 Other current liabilities(16)(21)(17)(14)Other long-term liabilities(110)(409)(139)(554)Net amount recognized,