Company: LIN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007990
Chunk: 37

Company: LINDE PLC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 37
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 the impact of such collateral posting arrangements on the fair value of derivatives was insignificant. Management believes the risk of incurring losses on derivative contracts related to credit risk is remote and any losses would be immaterial.The following table is a summary of the notional amount and fair value of derivatives outstanding at December 31, 2024 and 2023 for consolidated subsidiaries:     Fair Value(Millions of dollars)Notional AmountsAssets (a)Liabilities (a)December 31,202420232024202320242023Derivatives Not Designated as Hedging Instruments:Currency contracts:Balance sheet items $9,935 $4,567 $256 $46 $64 $26        Forecasted transactions168 335 2 11 6 6 Total$10,103 $4,902 $258 $57 $70 $32 Derivatives Designated as Hedging Instruments:Currency contracts:Forecasted transactions$780 $749 $7 $20 $11 $4 Forward exchange contracts1,059 — 30 — — — Commodity contractsN/AN/A11 3 20 7 Interest rate swaps — 1,214 — 1 — 4 Total Hedges$1,839 $1,963 $48 $24 $31 $15 Total Derivatives$11,942 $6,865 $306 $81 $101 $47  (a) Amounts at December 31, 2024 and 2023, respectively, included current assets of $302 million and $73 million, which are recorded in prepaid and other current assets; long-term assets of $4 million and $8 million, which are recorded in other long-term assets; current liabilities of $92 million and $41 million, which are recorded in other current liabilities; and long-term liabilities of $9 million and $6 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 $198 million and $60 million for