Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 69

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 69
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, 2025, for a €15.0 billion debt issuance program (or the equivalent in other currencies), under which Linde plc may offer debt securities. Linde Inc. and Linde GmbH have provided to Linde plc upstream guarantees in relation to debt securities of Linde plc offered under the European debt issuance program, as confirmed to the current program amount. Under the European debt issuance program, Linde plc may issue unsecured notes with such terms, including currency, interest rate and maturity, as agreed by Linde plc and the purchasers of such notes at the time of sale and as set out in the final terms for the relevant issue of notes. The current European debt issuance program will be valid for a period of one year from May 8, 2024 after which it will require updating prior to any further issuance of notes. 

For further information about the guarantees of the debt securities registered under the Registration Statement (including the ranking of such guarantees, limitations on enforceability of such guarantees and the circumstances under which such guarantees may be released), see “Description of Debt Securities – Guarantees” and “Description of Debt Securities – Ranking” in the Registration Statement, which subsections are incorporated herein by reference.

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The following tables present summarized financial information for Linde plc, Linde Inc., Linde GmbH and Linde Finance on a combined basis, after eliminating intercompany transactions and balances between them and excluding investments in and equity in earnings from non-guarantor subsidiaries.

(Millions of dollars)Statement of Income DataThree Months Ended March 31, 2025Twelve Months Ended December 31, 2024Sales$2,101 $7,995 Operating profit398 1,526 Net income(23)3,553 Transactions with non-guarantor subsidiaries833 7,177 Balance Sheet Data (at period end)Current assets (a)$8,561 $7,827 Long-term assets (b)14,924 14,481 Current liabilities (c)10,336 10,309 Long-term liabilities (d)68,980 64,848 (a) From current assets above, amount due from non-guarantor subsidiaries$4,542 $4,425 (b) From long-term assets above, amount due from non-guarantor subsidiaries798 1,031 (c) From current liabilities above, amount due to non-guarantor subsidiaries1,888 1,841 (d) From long-term liabilities above