Balance Sheet: Liabilities and Stockholders’ Equity

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

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Accounts payable	3,020)	2,995)	3,503)	3,095)	3,266)
Short-term debt	4,713)	4,117)	1,163)	3,251)	1,732)
Current portion of long-term debt	1,263)	1,599)	1,709)	751)	1,531)
Contract liabilities	1,901)	3,073)	2,940)	1,769)	1,758)
Accrued taxes	664)	613)	429)	542)	370)
Accrued expenses	1,494)	1,533)	1,248)	1,226)	1,079)
Payroll	678)	614)	710)	653)	619)
VAT payable	253)	259)	295)	336)	268)
Pension and postretirement	31)	51)	38)	34)	27)
Interest payable	129)	118)	102)	135)	127)
Current operating lease liabilities	177)	181)	215)	237)	260)
Current finance lease liabilities	50)	42)	47)	38)	—)
Insurance reserves	21)	19)	19)	38)	38)
Unrealized losses on derivatives	41)	23)	27)	70)	54)
Noncontrolling interest redemption and dividend	—)	—)	—)	231)	—)
Cost reduction programs and other charges	146)	187)	200)	199)	140)
Other	1,136)	1,055)	998)	1,135)	891)
Other current liabilities	4,156)	4,082)	3,899)	4,332)	3,503)
Current liabilities	15,717)	16,479)	13,643)	13,740)	12,160)
Long-term debt, excluding current portion	13,397)	12,198)	11,335)	12,152)	10,693)
Pension and postretirement	693)	640)	1,802)	2,963)	2,548)
Tax liabilities for uncertain tax positions	216)	248)	302)	355)	342)
Tax Act liabilities	80)	139)	178)	204)	235)
Long-term operating lease liabilities	572)	540)	618)	669)	716)
Long-term finance lease liabilities	143)	114)	129)	125)	—)
Interest and penalties for uncertain tax positions	14)	35)	40)	99)	65)
Insurance reserves	54)	52)	56)	33)	28)
Asset retirement obligation	305)	305)	305)	302)	293)
Unrealized losses on derivatives	6)	73)	8)	11)	45)
Cost reduction programs and other charges	68)	133)	253)	170)	60)
Contingent liabilities	1,148)	29)	—)	—)	—)
Other	505)	487)	497)	588)	556)
Other long-term liabilities	3,804)	2,795)	4,188)	5,519)	4,888)
Deferred income taxes	5,749)	5,886)	6,239)	6,704)	6,889)
Contract liabilities	1,049)	913)	759)	532)	347)
Deferred credits	6,798)	6,799)	6,998)	7,236)	7,236)
Long-term liabilities	23,999)	21,792)	22,521)	24,907)	22,817)
Total liabilities	39,716)	38,271)	36,164)	38,647)	34,977)
Redeemable noncontrolling interests	13)	13)	13)	13)	113)
Ordinary shares, €0.001 par value	1)	1)	1)	1)	1)
Additional paid-in capital	39,812)	40,005)	40,180)	40,202)	40,201)
Retained earnings	8,845)	20,541)	18,710)	17,178)	16,842)
Accumulated other comprehensive loss	(5,805)	(5,782)	(5,048)	(4,690)	(4,814)
Treasury shares, at cost	(3,133)	(14,737)	(9,808)	(5,374)	(3,156)
Total Linde plc shareholders’ equity	39,720)	40,028)	44,035)	47,317)	49,074)
Noncontrolling interests	1,362)	1,346)	1,393)	2,252)	2,448)
Total equity	41,082)	41,374)	45,428)	49,569)	51,522)
Total liabilities and equity	80,811)	79,658)	81,605)	88,229)	86,612)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Linde plc current liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Linde plc long-term liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Linde plc total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Total Linde plc shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Linde plc total Linde plc shareholders’ equity decreased from 2021 to 2022 and from 2022 to 2023.

Linde plc (NASDAQ:LIN)

Balance Sheet: Liabilities and Stockholders’ Equity