Company: LIN
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001628280-25-037164
Chunk: 16

Company: LINDE PLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 16
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 incurring losses on derivative contracts related to credit risk is remote and any losses would be immaterial.

10

The following table is a summary of the notional amount and fair value of derivatives outstanding at June 30, 2025 and December 31, 2024 for consolidated subsidiaries:   Fair Value Notional AmountsAssets (a)Liabilities (a)(Millions of dollars)June 30,2025December 31,2024June 30,2025December 31,2024June 30,2025December 31,2024Derivatives Not Designated as Hedging Instruments:Currency contracts:Balance sheet items$10,475 $9,935 $112 $256 $249 $64 Forecasted transactions 167 168 6 2 2 6 Total$10,642 $10,103 $118 $258 $251 $70 Derivatives Designated as Hedging Instruments:Currency contracts:       Forecasted transactions$633 $780 $43 $7 $4 $11 Forward exchange transactions2,838 1,059 — 30 110 — Commodity contracts N/AN/A6 11 18 20 Total Hedges$3,471 $1,839 $49 $48 $132 $31 Total Derivatives$14,113 $11,942 $167 $306 $383 $101 (a)Amounts as of June 30, 2025 and December 31, 2024, respectively, included current assets of $150 million and $302 million which are recorded in prepaid and other current assets; long-term assets of $17 million and $4 million which are recorded in other long-term assets; current liabilities of $376 million and $92 million which are recorded in other current liabilities; and long-term liabilities of $7 million and $9 million which are recorded in other long-term liabilities.In addition, during 2024, Linde issued credit default swaps (“CDS”) to third-party financial institutions. The CDS relate to secured borrowings provided by the financial institutions to a government customer in Mexico, that were utilized to pay certain of Linde’s outstanding receivables. The notional amount of the CDS, which was $136 million and $145 million for the two programs as of June 30, 202