Company: LIN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021379
Chunk: 80

Company: LINDE PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 80
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 Advanced Material Technologies (LAMT) and global helium wholesale, which individually do not meet the quantitative thresholds for separate presentation. 

Sales 

Sales for Other decreased $8 million, or 3%, for the first quarter versus the respective 2024 period. Underlying sales decreased by 2% in the quarter primarily due to lower volumes in global helium. Currency translation decreased sales by 1% in the quarter. 

Operating profit 

Operating profit in Other decreased $5 million in the first quarter versus the respective 2024 period. The decrease in the quarter was driven by higher costs due to helium and an insurance recovery in 2024, partially offset by lower corporate costs and continued productivity initiatives.   

Currency

The results of Linde's non-U.S. operations are translated to the company’s reporting currency, the U.S. dollar, from the functional currencies. For most operations, Linde uses the local currency as its functional currency. There is inherent variability and unpredictability in the relationship of these functional currencies to the U.S. dollar and such currency movements may materially impact Linde's results of operations in any given periods.

To help understand the reported results, the following is a summary of the significant currencies underlying Linde's consolidated results and the exchange rates used to translate the financial statements (rates of exchange expressed in units of local currency per U.S. dollar):

 Percentage of YTD 2025 Consolidated SalesExchange Rate forIncome StatementExchange Rate forBalance Sheet Year-To-Date AverageMarch 31,December 31,Currency2025202420252024Euro17 %0.95 0.92 0.92 0.97 Chinese yuan7 %7.27 7.19 7.26 7.30 British pound5 %0.79 0.79 0.77 0.80 Brazilian real4 %5.85 4.95 5.71 6.18 Australian dollar3 %1.59 1.52 1.60 1.62 Mexican peso3 %20.43 16.97 20.47 20.83 Korean won3 %1,452 1,329 1,473 1,472 Canadian dollar3 %1.44 1.35 1.44 1.44 Indian rupee2 %86.60 83.04 85.46 85.