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

Company: LINDE PLC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 25
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-U.S. earnings on which the company intends to remain indefinitely reinvested or on other outside basis differences in its investments unrelated to unremitted earnings. A determination of these deferred taxes related to these amounts is not practicable.Uncertain Tax PositionsUnrecognized income tax benefits represent income tax positions taken on income tax returns but not yet recognized in the consolidated financial statements. The company has unrecognized income tax benefits totaling $292 million, $304 million and $325 million as of December 31, 2024, 2023, and 2022, respectively. If recognized, the majority of the unrecognized tax benefits and related interest and penalties would be recorded as a benefit to income tax expense on the consolidated statements of income.A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (Millions of dollars)202420232022Unrecognized income tax benefits, January 1$304 $325 $387 Additions for tax positions of prior years 19 108 26 Reductions for tax positions of prior years (a)(9)(121)(45)Additions for current year tax positions11 — — Reductions for settlements with taxing authorities(12)(1)(23)Other (b)(21)(7)(20)Unrecognized income tax benefits, December 31$292 $304 $325 (a)2023 and 2022 amounts are primarily related to the closure of tax audits. (b)Other includes reductions for statute of limitation lapses and foreign currency translation.The company classifies interest income and expense related to income taxes as tax expense in the consolidated statements of income. The company recognized net interest expense of $3 million and net interest benefit of  $17 million and of $3 million for the years ended December 31, 2024, 2023, and 2022, respectively. The company had $16 million and $14 

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million of accrued interest and penalties as of December 31, 2024 and 2023, respectively, which were recorded in other long-term liabilities in the consolidated balance sheets (See Note 7). As of December 31, 2024, the company remained subject to examination in the following major tax jurisdictions for the tax years as indicated below: Major tax jurisdictionsOpen YearsAmericasUnited States2021 through 2024Canada2014 through 2024Mexico2014 through 2024Brazil2008 through 2024EMEAFrance2020 through