Company: LIN
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001628280-25-037164
Chunk: 55

Company: LINDE PLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 55
---

19

(a)Net income for noncontrolling interests excludes net income related to redeemable noncontrolling interests which is not significant for the quarter and six months ended June 30, 2025 and 2024 and which is not part of total equity.The components of Accumulated other comprehensive income (loss) are as follows:(Millions of dollars)June 30,2025December 31, 2024Cumulative translation adjustment - net of taxes:Americas$(3,979)$(4,422)EMEA(854)(1,235)APAC(1,124)(1,736)Engineering304 (432)Other(709)858 (6,362)(6,967)Derivatives - net of taxes23 (6)Pension / OPEB (net of tax obligations of $105 million and $95 million at June 30, 2025 and December 31, 2024, respectively) 89 79 $(6,250)$(6,894)

11. Revenue Recognition

Revenue is accounted for in accordance with ASC 606. Revenue is recognized as control of goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled to receive in exchange for the goods or services.Contracts with CustomersLinde serves a diverse group of industries including healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. Industrial GasesWithin each of the company’s geographic segments for industrial gases, there are three basic distribution methods: (i) on-site or tonnage; (ii) merchant or bulk liquid; and (iii) packaged or cylinder gases. The distribution method used by Linde to supply a customer is determined by many factors, including the customer’s volume requirements and location. The distribution method generally determines the contract terms with the customer and, accordingly, the revenue recognition accounting practices. Linde's primary products in its industrial gases business are atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, acetylene). These products are generally sold through one of the three distribution methods.Following is a description of each of the three industrial gases distribution methods and the respective revenue recognition policies:On-site. Customers that require the largest volumes of product and that have a relatively constant demand pattern are supplied by cryogenic and process gas on-site