Company: LIN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007990
Chunk: 30

Company: LINDE PLC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 30
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4 and $173 million in 2023. (c)         In 2024, the amounts relate primarily to current notes receivables from the sale of GIST. (d)    Consists primarily of insurance contracts and other investments to be utilized for non-qualified pension and OPEB obligations.(e)    The balances at December 31, 2024 and 2023 are net of reserves of $36 million and $42 million, respectively. In 2023, the amounts relate primarily to long-term notes receivable from customers in APAC, government receivables in Brazil and receivables from the sale of GIST. (f)    Includes investments from the deconsolidation of Russian subsidiaries. (g)    Represents tax payable related to the deemed repatriation tax pursuant to the U.S. Tax Cuts and Jobs Act of 2018. The company is required to fund the balance in annual installments through 2025. In 2024, the final annual installment was reclassified to accrued taxes.

(h)    Americas consists of currency translation adjustments primarily in Canada, Mexico, and Brazil. EMEA relates primarily to Germany, the U.K., the Netherlands, Norway and Sweden. APAC relates primarily to China, South Korea, India, and Australia. 

NOTE 8. PROPERTY, PLANT AND EQUIPMENT – NET

Significant classes of property, plant and equipment are as follows:(Millions of dollars)December 31,Depreciable Lives (Yrs)20242023Production plants (primarily 15-year life) (a)10-20$35,364 $33,071 Storage tanks15-205,689 5,445 Transportation equipment and other3-154,210 4,050 Cylinders 10-304,970 4,993 Buildings25-403,355 3,275 Land and improvements (b)0-201,045 1,087 Construction in progress4,086 3,404 58,719 55,325 Less: accumulated depreciation(33,944)(30,773)$24,775 $24,552 (a)      Depreciable lives of production plants related to long-term customer supply contracts are generally consistent with the contract lives.

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(b)      Land is not depreciated. 

NOTE 9. GOODWILL

Changes in the carrying