Company: LIN
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047710
Chunk: 46

Company: LINDE PLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 46
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 accounts receivable-net, and accounts payable approximate carrying value because of the short-term maturities of these instruments. The fair value of long-term debt is estimated based on the quoted market prices for the same or similar issues. Long-term debt is categorized within Level 2 of the fair value hierarchy. At September 30, 2025, the estimated fair value of Linde’s long-term debt portfolio was $19,707 million versus a carrying value of $20,963 million. At December 31, 2024, the estimated fair value of Linde’s long-term debt portfolio was $16,234 million versus a carrying value of $17,400 million. Differences between the carrying value and the fair value are attributable to fluctuations in interest rates subsequent to when the debt was issued and relative to stated coupon rates.

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6. Earnings Per Share - Linde plc Shareholders

Basic and diluted earnings per share is computed by dividing Net income – Linde plc for the period by the weighted average number of either basic or diluted shares outstanding, as follows: Quarter Ended September 30,Nine Months Ended September 30, 2025202420252024Numerator (Millions of dollars)Net Income – Linde plc$1,929 $1,550 $5,368 $4,840 Denominator (Thousands of shares)Weighted average shares outstanding468,021 476,813 469,884 479,077 Shares earned and issuable under compensation plans781 849 824 748 Weighted average shares used in basic earnings per share468,802 477,662 470,708 479,825 Effect of dilutive securitiesStock options and awards2,707 3,236 2,792 3,361 Weighted average shares used in diluted earnings per share471,509 480,898 473,500 483,186 Basic Earnings Per Share $4.11 $3.24 $11.40 $10.09 Diluted Earnings Per Share$4.09 $3.22 $11.34 $10.02 The weighted-average of antidilutive securities excluded from the calculation of diluted earnings per share was 485 thousand and 575 thousand for the quarter and nine months ended September 30, 2025, respectively, and 327 thousand and 267 thousand for the respective 2024 periods.

7. Retirement Programs

The components