Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 28

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 28
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30, 2025 and 2024, respectively.(b)Variable costs represents the variable portion of cost of sales, exclusive of depreciation and amortization.(c)Fixed costs and other represent the fixed portion of cost of sales (exclusive of depreciation and amortization), selling, general and administrative, research and development and other income (expenses) - net.(d)Refer to the reconciliation of depreciation and amortization to consolidated results below.(e)Refer to the reconciliation of operating profit to consolidated results below.Reconciliations to Consolidated ResultsDepreciation and AmortizationThe table below reconciles total depreciation and amortization disclosed in the table above to consolidated depreciation and amortization as reflected on our consolidated statement of income:

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Quarter Ended September 30,Nine Months Ended September 30,(Millions of dollars)2025202420252024Total segment depreciation and amortization$759 $720 $2,222 $2,150 Purchase accounting impacts - Linde AG (a)202 240 591 717 Total depreciation and amortization$961 $960 $2,813 $2,867 Income Before Income Taxes and Equity InvestmentsThe table below reconciles total operating profit disclosed in the table above to consolidated income before income taxes and equity investments as reflected on our consolidated statement of income:Quarter Ended September 30,Nine Months Ended September 30,2025202420252024Total segment operating profit$2,558 $2,477 $7,552 $7,240 Cost reduction program and other charges(11)145 44 145 Purchase accounting impacts - Linde AG (a)202 246 603 730 Total operating profit2,367 2,086 6,905 6,365 Interest expense - net64 68 191 203 Net pension and OPEB cost (benefit), excluding service cost(57)(45)(172)(144)Total consolidated income before income taxes and equity investments$2,360 $2,063 $6,886 $6,306 (a)To adjust for purchase accounting impacts related to the merger.

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10. Equity

A summary of the changes in total equity for the quarter and nine months ended September 30, 2025 and 2024 is provided below:Quarter Ended September 30,(Millions of dollars)20252024ActivityLinde plcShareholders’EquityNoncontrollingInter