Fourth Quarter 2023 Earnings Report
Non-GAAP Measures, continued
(Millions of dollars, except per share data).
Reported Income taxes
Reported effective tax rate
Adjusted income taxes.
Adjusted effective tax rate
Linde
2023
2022
Year to Date
Year to Date
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
December 31,
December 31,
$
1,814 $
459 $
487 $
438 $
430
$
1,434 $
388 $
391 $
286 $
369
22.7%
23.0%
23.8%
21.9%
22.2%
25.9%
22.6 %
23.7 %
44.3 %
24.0%
$
2,130 $
23.6%
511 $
548 $
539 $
532
$
22.8 %
23.7 %
23.7%
24.1%
1,945 $
24.2 %
463 $
22.9 %
510 $
25.0 %
498 $
474
24.5%
24.3%
Income from Equity Investments
Reported income from equity investments
$
167 $
39 $
41 $
46
41
$
172 $
35 $
43 $
50 $
44
Add: Other charges
-
-
-
Add: Purchase accounting impacts - Linde AG (c)
Total adjustments
Adjusted income from equity investments
72
18
18
18
18
75
18
18
19
20
72
18
18
18
18
75
18
18
19
20
$
239 $
57 $
59 $
64 $
59
$
247 $
53 $
61 $
69 $
64
Adjusted Noncontrolling Interests
Reported noncontrolling interests
$
Add: Purchase accounting impacts - Linde AG (c)
(142) $
(12)
(33) $
(3)
(36) $
(37)
(36)
$
(3)
(3)
(3)
(134) $
(22)
(33) $
(3)
(27) $
(38) $
(36)
(12)
(3)
(4)
Adjusted noncontrolling interests
$
(154) $
(36) $
(39) $
(40) $
(39)
$
(156) $
(36) $
(39) $
(41) $
(40)
Adjusted Net Income - Linde plc (b)
Reported net income
$
6,199 $
1,543 $
1,565 $
1,575
1,516
$
Add: Pension settlement charge
13
3
10
-
$
4,147 $
5
1,328 $
1,273 $
372 $
1,174
5
Add: Other charges (a)
(41)
(4)
2
(12) $
(27)
893
16
(11)
889
(1)
Add: Purchase accounting impacts - Linde AG (c)
818
211
206
197
204
1,150
230
288
305
327
Total adjustments
790
210
218
185
177
2,048
246
282
1,194
326
Adjusted net income - Linde plc
$
6,989 $
1,753 $
1,783 $
1,760 $
1,693
$
6,195 $
1,574 $
1,555 $
1,566 $
1,500
25
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