Company: LIN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007990
Chunk: 27

Company: LINDE PLC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 27
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 1,965 1,812 $3,337 $3,295 $3,107 Year Ended December 31,202420232022Depreciation and Amortization (a)Depreciation$3,226 $3,266 $3,633 Amortization of intangibles (Note 10)554 550 571 Depreciation and Amortization$3,780 $3,816 $4,204 Year Ended December 31,202420232022Other Income (Expenses) – NetCurrency related net gains (losses)$(11)$(47)$(18)Partnership income3 2 18 Severance expense(16)(12)(13)Asset divestiture gains (losses) – net60 6 (9)Insurance recoveries45 10 2 Other – net gains (losses)104 — (42)$185 $(41)$(62)Year Ended December 31,202420232022Interest Expense – NetInterest incurred on debt and other$555 $480 $277 Interest income(228)(197)(117)Amortization on acquired debt(3)(16)(35)Interest capitalized(68)(67)(62)$256 $200 $63 Balance Sheet(Millions of dollars)December 31,20242023Accounts ReceivableTrade and Other receivables$5,043 $5,175 Less: allowance for expected credit losses(421)(457)$4,622 $4,718 ReceivablesLinde applies loss rates that are lifetime expected credit losses at initial recognition of the receivables.  These expected loss rates are based on an analysis of the actual historical default rates for each business, taking regional circumstances into account. If necessary, these historical default rates are adjusted to reflect the impact of current changes in the macroeconomic environment using forward-looking information. The loss rates are also evaluated based on the expectations of the responsible management team regarding the collectability of the receivables. Gross trade receivables aged less than one year were $4,573 million and $4,667 million at December 31, 2024 and December 31, 2023, 

61

respectively, and gross receivables aged greater than one year were $322 million and $354 million at December 31, 2024 and December 31,