Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Linde plc, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Accounts payable	2,646)	2,593)	2,446)	2,507)	2,845)	2,859)	2,885)	3,020)	2,750)	2,977)	2,941)	2,995)	3,067)	3,360)	3,387)	3,503)	3,069)	3,143)	2,945)	3,095)	2,903)	2,816)	2,965)
Short-term debt	4,962)	4,879)	4,465)	4,223)	3,509)	3,326)	4,046)	4,713)	3,849)	3,018)	5,337)	4,117)	3,179)	3,215)	2,549)	1,163)	2,895)	3,681)	3,276)	3,251)	4,024)	3,679)	4,848)
Current portion of long-term debt	2,371)	1,340)	1,824)	2,057)	1,278)	1,261)	1,046)	1,263)	922)	944)	1,696)	1,599)	1,551)	1,651)	1,074)	1,709)	2,293)	1,827)	2,524)	751)	1,820)	2,723)	2,006)
Contract liabilities	1,279)	1,261)	1,196)	1,194)	1,727)	1,767)	1,827)	1,901)	1,985)	3,246)	3,070)	3,073)	2,902)	2,933)	3,035)	2,940)	2,213)	1,787)	1,863)	1,769)	1,714)	1,693)	1,854)
Other current liabilities	4,934)	4,641)	4,554)	4,563)	4,690)	4,291)	4,585)	4,820)	4,656)	4,367)	4,741)	4,695)	4,362)	4,136)	4,461)	4,328)	4,288)	4,238)	4,419)	4,874)	4,331)	4,184)	3,817)
Current liabilities	16,192)	14,714)	14,485)	14,544)	14,049)	13,504)	14,389)	15,717)	14,162)	14,552)	17,785)	16,479)	15,061)	15,295)	14,506)	13,643)	14,758)	14,676)	15,027)	13,740)	14,792)	15,095)	15,490)
Long-term debt, excluding current portion	18,592)	19,701)	17,608)	15,343)	17,475)	16,931)	15,227)	13,397)	13,232)	13,528)	11,744)	12,198)	10,608)	11,177)	12,833)	11,335)	11,539)	9,984)	9,950)	12,152)	11,959)	11,078)	10,021)
Other long-term liabilities	11,123)	11,677)	11,148)	10,772)	10,419)	10,229)	10,502)	10,602)	10,195)	9,390)	9,443)	9,594)	9,715)	10,373)	11,038)	11,186)	12,157)	12,457)	12,383)	12,755)	11,866)	11,746)	11,615)
Long-term liabilities	29,715)	31,378)	28,756)	26,115)	27,894)	27,160)	25,729)	23,999)	23,427)	22,918)	21,187)	21,792)	20,323)	21,550)	23,871)	22,521)	23,696)	22,441)	22,333)	24,907)	23,825)	22,824)	21,636)
Total liabilities	45,907)	46,092)	43,241)	40,659)	41,943)	40,664)	40,118)	39,716)	37,589)	37,470)	38,972)	38,271)	35,384)	36,845)	38,377)	36,164)	38,454)	37,117)	37,360)	38,647)	38,617)	37,919)	37,126)
Redeemable noncontrolling interests	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	13)	92)
Ordinary shares, €0.001 par value	1)	1)	1)	1)	1)	1)	1)	1)	—)	—)	—)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)
Additional paid-in capital	39,405)	39,411)	39,408)	39,603)	39,573)	39,560)	39,570)	39,812)	39,803)	39,797)	39,859)	40,005)	40,011)	39,978)	39,972)	40,180)	40,220)	40,200)	40,192)	40,202)	40,203)	40,211)	40,185)
Retained earnings	15,796)	14,595)	13,545)	12,634)	11,585)	10,721)	9,708)	8,845)	7,940)	7,024)	6,092)	20,541)	19,845)	19,159)	19,387)	18,710)	18,240)	17,820)	17,563)	17,178)	16,927)	16,782)	16,850)
Accumulated other comprehensive loss	(6,409)	(6,250)	(6,768)	(6,894)	(6,059)	(6,794)	(6,528)	(5,805)	(6,676)	(5,899)	(5,810)	(5,782)	(8,094)	(6,466)	(4,938)	(5,048)	(5,618)	(4,908)	(5,345)	(4,690)	(5,973)	(6,621)	(7,388)
Treasury shares, at cost	(10,177)	(9,242)	(8,154)	(7,252)	(5,927)	(5,309)	(3,922)	(3,133)	(2,169)	(1,011)	(171)	(14,737)	(14,135)	(12,998)	(11,459)	(9,808)	(8,520)	(7,336)	(6,201)	(5,374)	(4,983)	(4,836)	(4,872)
Total Linde plc shareholders’ equity	38,616)	38,515)	38,032)	38,092)	39,173)	38,179)	38,829)	39,720)	38,898)	39,911)	39,970)	40,028)	37,628)	39,674)	42,963)	44,035)	44,323)	45,777)	46,210)	47,317)	46,175)	45,537)	44,776)
Noncontrolling interests	1,457)	1,458)	1,418)	1,383)	1,417)	1,359)	1,387)	1,362)	1,327)	1,324)	1,353)	1,346)	1,298)	1,353)	1,414)	1,393)	1,401)	1,438)	1,410)	2,252)	2,404)	2,387)	2,375)
Total equity	40,073)	39,973)	39,450)	39,475)	40,590)	39,538)	40,216)	41,082)	40,225)	41,235)	41,323)	41,374)	38,926)	41,027)	44,377)	45,428)	45,724)	47,215)	47,620)	49,569)	48,579)	47,924)	47,151)
Total liabilities and equity	85,993)	86,078)	82,704)	80,147)	82,546)	80,215)	80,347)	80,811)	77,827)	78,718)	80,308)	79,658)	74,323)	77,885)	82,767)	81,605)	84,191)	84,345)	84,993)	88,229)	87,209)	85,856)	84,369)

Accounts Payable

The accounts payable balance generally fluctuated moderately over the period, peaking near the end of 2021 before showing a gradual decline in the final quarters. The trend indicates some variability but no pronounced long-term increase or decrease.

Short-term Debt

This item showed significant volatility with sharp decreases and increases across different quarters. There was a notable drop around the end of 2021 followed by a strong rise towards the end of 2022 and into 2023. The overall trend towards the latter periods suggests increased reliance on short-term borrowing.

Current Portion of Long-term Debt

The current portion of long-term debt was relatively uneven, with some peaks observed in early 2020 and mid-2021, followed by periods of relative stability and moderate fluctuations in subsequent years. The amount tends to oscillate without a clear directional trend.

Contract Liabilities

Contract liabilities increased steadily from early 2020 to the end of 2021, peaking in late 2021, then declined significantly in 2022 and stabilized at lower levels through 2023 to early 2024. This pattern may reflect changes in customer contract timing or revenue recognition policies.

Other Current Liabilities

There was a rising trend in other current liabilities through most of 2020 and early 2021, followed by some moderation and fluctuations thereafter. Despite this, the overall level remained relatively elevated with intermittent dips.

Current Liabilities

Current liabilities exhibited a degree of cyclicality with a peak in late 2022 and a somewhat lower and more stable level in 2023 and early 2024. The fluctuations correspond to movements in constituent current liability accounts, particularly short-term debt and contract liabilities.

Long-term Debt (Excluding Current Portion)

Long-term debt showed an overall upward trend, especially from late 2021 through 2024, reaching notable highs before a slight moderation at the end of the period. This indicates an increased borrowing on a longer-term basis over time.

Other Long-term Liabilities

Other long-term liabilities mostly declined from early 2020 until around mid-2022, after which a recovery and gradual increase occurred through 2024. The fluctuations suggest variances in accrued obligations or deferred items within liabilities.

Long-term Liabilities

Long-term liabilities followed an overall rising trajectory, particularly significant from 2021 onwards, demonstrating an expansion in longer-term obligations. Peaks were observed around 2023 and 2024, reflecting cumulative increases in debt and other liabilities.

Total Liabilities

Total liabilities demonstrated moderate fluctuation with a slight general increase between 2020 and 2025. Periodic dips were offset by rises in long-term and short-term debt, showing the company's dynamic approach to managing its obligations over the years.

Equity Accounts

Additional Paid-in Capital: This figure remained largely stable throughout the period, indicating little to no new equity issuance or buyback impacts on this component.
Retained Earnings: Retained earnings increased steadily through 2021 and 2022 but showed an unusual drop at the start of 2023, followed by consistent growth thereafter. This pattern could indicate a significant adjustment, restructuring, or restatement event early in 2023, followed by resumed profitability.
Accumulated Other Comprehensive Loss: The accumulated other comprehensive loss fluctuated significantly, with periods of both reduction and increase in loss amounts. The variation suggests exposure to currency translation adjustments, pension liability reevaluations, or other comprehensive income components sensitive to market conditions.
Treasury Shares at Cost: There was a notable decrease in treasury shares recorded cost from early 2020 to the end of 2022, followed by fluctuations that show efforts to repurchase shares or changes in treasury stock holdings. The pattern reflects active share management over the period.
Total Shareholders’ Equity: Total equity levels generally declined from 2020 through 2023, impacted by drop in retained earnings in early 2023 and increased treasury stock. A mild recovery is seen toward late 2023 and early 2024, but equity remains below initial levels from 2020.

Noncontrolling Interests

Noncontrolling interests remained relatively stable throughout the period, with minor fluctuations but no substantial changes in the investment levels attributable to minority shareholders.

Total Equity

Total equity moved in a pattern similar to total shareholders’ equity, showing a modest declining trend over the years with some recovery phases. The data suggests net equity was affected by company performance and financial activities influencing retained earnings and treasury stock.

Total Liabilities and Equity

The total capitalization measure indicated mild fluctuation with a peak toward early 2021 and a dip in 2022, followed by relatively stable levels in 2023 and 2024. This stability in overall capitalization reflects balance in financing strategy combining liabilities and equity sources.

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Linde plc (NASDAQ:LIN)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data