Company: LIN
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001628280-25-037164
Chunk: 19

Company: LINDE PLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 19
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 an equally offsetting charge/benefit to earnings for the changes in the fair value of the underlying financial asset or financial liability (See Note 3).Derivatives' Impact on Consolidated Statement of IncomeThe following table summarizes the impact of the company’s derivatives on the consolidated statement of income: Amount of Pre-Tax Gain (Loss)Recognized in Earnings *  Quarter Ended June 30,Six Months Ended June 30,(Millions of dollars)2025202420252024Derivatives Not Designated as Hedging InstrumentsCurrency contracts:Balance sheet itemsDebt-related$(36)$(2)$(125)$(17)Other balance sheet items12 2 13 (5)Total$(24)$— $(112)$(22)* The gains (losses) on balance sheet items are offset by gains (losses) recorded on the underlying hedged assets and liabilities. Accordingly, the gains (losses) for the derivatives and the underlying hedged assets and liabilities related to debt items are recorded in the consolidated statement of income as interest expense-net. Other balance sheet items and anticipated net income gains (losses) are generally recorded in the consolidated statement of income as other income (expenses)-net.

12

The amounts of gain or loss recognized in accumulated other comprehensive income (loss) and reclassified to the consolidated statement of income was not material for the six months ended June 30, 2025 and 2024. Net impacts expected to be reclassified to earnings during the next twelve months are also not material.

5. Fair Value Disclosures

The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels as follows:Level 1 – quoted prices in active markets for identical assets or liabilitiesLevel 2 – quoted prices for similar assets and liabilities in active markets or inputs that are observableLevel 3 – inputs that are unobservable (for example cash flow modeling inputs based on assumptions)Assets and Liabilities Measured at Fair Value on a Recurring BasisThe following table summarizes assets and liabilities measured at fair value on a recurring basis: Fair Value Measurements Using Level 1Level 2Level 3(Millions of dollars)June 30,2025December 31,2024June 30,2025December 31,2024June 30,2025December 31,2024AssetsDerivative assets$— $— $167 $306 $— $—