Company: LIN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007990
Chunk: 51

Company: LINDE PLC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 51
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 December 31$86 $464 $(137)$(207)Amounts recognized in accumulated other comprehensive income (loss) consist of:Net actuarial loss (gain)$91 $(256)$290 $219 Prior service cost (credit)(9)— (10)1 Deferred tax obligation (benefit) (Note 7)(21)116 (67)7 Amount recognized in accumulated other comprehensive income (loss) (Note 7)$61 $(140)$213 $227 Comparative funded status information as of December 31, 2024 and 2023 for select non-U.S. pension plans is presented in the table below as the benefit obligations of these plans are considered to be significant relative to the total benefit obligation:

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 United KingdomGermanyOther Non-U.S.Total Non-U.S.(Millions of dollars)2024202420242024Benefit obligation, December 31$2,883 $1,594 $1,009 $5,486 Fair value of plan assets, December 313,640 1,418 892 5,950 Funded Status, End of Year$757 $(176)$(117)$464  United KingdomGermanyOther Non-U.S.Total Non-U.S.(Millions of dollars)2023202320232023Benefit obligation, December 31$3,616 $1,684 $1,085 $6,385 Fair value of plan assets, December 313,858 1,370 950 6,178 Funded Status, End of Year$242 $(314)$(135)$(207)The changes in plan assets and benefit obligations recognized in other comprehensive income in 2024 and 2023 are as follows: Pensions(Millions of dollars)20242023Current year net actuarial losses (gains)*$(681)$480 Amortization of net actuarial gains (losses)9 29 Amortization of prior service credits (costs)1 1 Pension settlements(10)(16)Foreign currency translation and other changes7 — Total recognized in other comprehensive income$(674)$494  * Pension net actuarial gains in 2024 are largely driven by continued increase in the discount rate environment in U.S. and non-U.S. plans resulting in actuarial gains from a lower PBO as well as favorable plan asset experience for the U.S.