Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 14

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 14
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 for certain entities with their principal counterparties to minimize potential default risk and to mitigate counterparty risk. Under the CSAs, the fair values of derivatives for the purpose of interest rate and currency management are collateralized with cash on a regular basis. As of March 31, 2025, 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.

10

The following table is a summary of the notional amount and fair value of derivatives outstanding at March 31, 2025 and December 31, 2024 for consolidated subsidiaries:   Fair Value Notional AmountsAssets (a)Liabilities (a)(Millions of dollars)March 31,2025December 31,2024March 31,2025December 31,2024March 31,2025December 31,2024Derivatives Not Designated as Hedging Instruments:Currency contracts:Balance sheet items$9,637 $9,935 $103 $256 $46 $64 Forecasted transactions 205 168 2 2 2 6 Total$9,842 $10,103 $105 $258 $48 $70 Derivatives Designated as Hedging Instruments:Currency contracts:       Forecasted transactions$748 $780 $17 $7 $2 $11 Forward exchange transactions1,623 1,059 21 30 19 — Commodity contracts N/AN/A5 11 23 20 Total Hedges$2,371 $1,839 $43 $48 $44 $31 Total Derivatives$12,213 $11,942 $148 $306 $92 $101 (a)Amounts as of March 31, 2025 and December 31, 2024, respectively, included current assets of $141 million and $302 million which are recorded in prepaid and other current assets; long-term assets of $7 million and $4 million which are recorded in other long-term assets; current liabilities of $84 million and $92 million which are recorded in other current liabilities; and long-term liabilities of $8 million and $9 million which are recorded in other long-term liabilities.In addition, during 2024, Linde issued