Company: LIN
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001628280-25-037164
Chunk: 14

Company: LINDE PLC
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 14
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 666 3.75% Euro denominated notes due 2044813 712 2.00% Notes due 2050297 297 1.00% Euro denominated notes due 2051808 707 Non U.S. borrowings276 214 Other10 10 21,041 17,400 Less: current portion of long-term debt(1,340)(2,057)Total long-term debt19,701 15,343 Total debt$25,920 $21,623 (a)Amounts are net of unamortized discounts, premiums and/or debt issuance costs as applicable. (b)June 30, 2025 and December 31, 2024 included a cumulative $31 million and $32 million adjustment to carrying value, respectively, related to hedge accounting of interest rate swaps. Refer to Note 4.(c)In February 2025, Linde issued €850 million of 2.625% notes due in 2029, €750 million of 3.00% notes due in 2033, €650 million of 3.25% notes due in 2037.(d)In February 2025, Linde redeemed $600 million of 4.700% notes that were due in 2025 and repaid $400 million of 2.65% notes that became due.(e)In June 2025, Linde issued CHF225 million of 0.6150% notes due in 2029 and CHF275 million of 1.0629% notes due in 2033.(f)In June 2025, Linde repaid €500 million of 3.625% notes that became due.The company maintains a $5 billion and a $1.5 billion unsecured revolving credit agreement with a syndicate of banking institutions that expire on December 7, 2027 and December 3, 2025, respectively. There are no financial maintenance covenants contained within the credit agreements. No borrowings were outstanding under the credit agreements as of June 30, 2025.

The weighted-average interest rates of short-term borrowings outstanding were 3.4% and 3.8% as of June 30, 2025 and  December 31, 2024, respectively. 

4. Financial Instruments

In its normal operations, Linde is exposed to market risks relating to fluctuations in interest rates, foreign