Company: LIN
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-007990
Chunk: 55

Company: LINDE PLC
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 55
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 31,$2,032 $1,712 $3,195 $3,224 $1,416 $1,720 $6,643 $6,656 Pooled funds *1,483 1,572 Total fair value plan assetsDecember 31,$8,126 $8,228 * Pooled funds are measured using the net asset value ("NAV") as a practical expedient for fair value as permissible under the accounting standard for fair value measurements and have not been categorized in the fair value hierarchy.   ** The following table summarizes changes in fair value of the pension plan assets classified as level 3 for the periods ended December 31, 2024 and 2023: (Millions of dollars)Insurance ContractsReal Estate FundsPrivate DebtTotalBalance, December 31, 2022$46 $353 $1,360 $1,759 Gain/(Loss) for the period— (27)(38)(65)Purchases1 3 1 5 Sales— (15)(44)(59)Transfer into/ (out of) Level 3— — — — Foreign currency translation4 10 66 80 Balance, December 31, 202351 324 1,345 1,720 Gain/(Loss) for the period3 10 (12)1 Purchases4 28 — 32 Sales— (37)(255)(292)Transfer into / (out of) Level 3— — — — Foreign currency translation(4)(11)(30)(45)Balance, December 31, 2024$54 $314 $1,048 $1,416 The descriptions and fair value methodologies for the company's pension plan assets are as follows:

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Cash and Cash Equivalents – This category includes cash and short-term interest bearing investments with maturities of three months or less. Investments are valued at cost plus accrued interest. Cash and cash equivalents are classified within level 1 of the valuation hierarchy. Equity Securities – This category is comprised of shares of common stock in U.S. and non-U.S. companies from a diverse set of industries and size. Common stock is valued at the closing market price reported on a U.S. or non-U.S. exchange where the security is actively traded. Equity securities are classified within level 1 of the valuation hierarchy.Mutual Funds –