Company: LIN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007990
Chunk: 123

Company: LINDE PLC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 123
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 carbon monoxide, electronic gases, specialty gases, acetylene). Many of these products are co-products of the same manufacturing process. Linde manufactures and distributes nearly all of its products and manages its customer relationships on a regional basis. Linde’s industrial gases are distributed to various end-markets within a regional segment through one of three basic distribution methods: on-site or tonnage; merchant or bulk; and packaged or cylinder gases. The distribution methods are generally integrated in order to best meet the customer’s needs and very few of its products can be economically transported outside of a region. Therefore, the distribution economics are specific to the various geographies in which the company operates and are consistent with how management assesses performance.

The company’s measure of profit/loss for segment reporting purposes is segment operating profit. Segment operating profit is defined as operating profit excluding purchase accounting impacts of the Linde AG merger, cost reduction program and other charges, and items not indicative of ongoing business trends. This is the manner in which the company’s Chief Operating Decision Maker ("CODM") assesses performance and allocates resources. 

24

The table below presents sales and operating profit information about reportable segments and Other for the years ended December 31, 2024 and 2023.

(Millions of dollars)Year Ended December 31,20242023VarianceSalesAmericas$14,442 $14,304 1 %EMEA8,352 8,542 (2)%APAC6,632 6,559 1 %Engineering2,322 2,160 8 %Other1,257 1,289 (2)%Total sales$33,005 $32,854 — %Operating ProfitAmericas$4,550 $4,244 7 %EMEA2,780 2,486 12 %APAC1,918 1,806 6 %Engineering410 491 (16)%Other62 43 44 %Segment operating profit9,720 9,070 7 %Reconciliation to reported operating profit:Cost reduction program and other charges (Note 3)(145)(40)Purchase accounting impacts - Linde AG(940)(1,006)Total operating profit$8,635 $8,024 

Americas

(Dollar amounts in millions)VarianceYear Ended December 31,202420232024 vs 2023Sales$14,442 $14,304 1