Fourth Quarter 2023 Earnings Report
Non-GAAP Measures, continued
Linde
(Millions of dollars, except per share data)
2023
2022
Year to Date
Q4
Q3
Q2
Q1
December 31,
Year to Date
December 31,
Q4
Q3
Q2
Q1
Adjusted Net Pension and OPEB Cost (Benefit), Excluding Service Cost
Reported net pension and OPEB cost (benefit), excluding service cost
$
Add: Pension settlement charges
(164) $
(16)
(39) $
(35) $
(45)
(45)
$
(237) $
(58) $
(53) $
(62) $
(64)
(4)
(12)
(6)
(6)
Adjusted Net Pension and OPEB cost (benefit), excluding service costs
$
(180) $
(43) $
(47) $
(45) $
(45)
(243) $
(58) $
(59) $
(62) $
(64)
Adjusted Interest Expense - Net
Reported interest expense net
Add: Purchase accounting impacts - Linde AG (c)
བྷུས
8
Adjusted interest expense - net
$
200 $
71 $
40 $
52 $
37
$
63 $
31 $
18 $
5 $
9
16
1
9
35
8
8
9
10
$
216 $
72 $
42 $
56 $
46
$
98 $
39 $
26 $
14 $
19
Adjusted Income Taxes (a)
Reported income taxes
$
1,814 $
459 $
487 $
438
Add: Purchase accounting impacts - Linde AG (c)
232
49
59
67
Add: Pension settlement charges
3
1
2
Add: Other charges (a)
81
2
34
Total adjustments
Adjusted income taxes
316
52
61
101
$
2,130 $
511 $
548 $
539 $
སྱཱཥ །༄༄g
430
$
1,434 $
388 $
391 $
286 $
369
57
374
66
92
108
108
1
1
136
9
26
104
(3)
102
511
75
119
212
105
532
$
1,945 $
463 $
510 $
498 $
474
Adjusted Effective Tax Rate (a)
Reported income before income taxes and equity investments
$
Add: Pension settlement charge
7,988 $
16
1,996 $
2,047 $
2,004
1,941
$
4
12
5,543 $
6
1,714 $
1,648 $
646 $
1,535
6
Add: Purchase accounting impacts - Linde AG (c)
990
245
250
249
246
1.471
281
374
397
419
Add: Other charges (a)
40
(2)
2
22
18
1,029
25
15
993
(4)
Total adjustments
1,046
247
264
271
264
2,506
306
395
1,390
415
Adjusted income before income taxes and equity investments.
$
9,034 $
2,243 $
2,311 $
2,275 $
2,205
$
8,049 $
2,020 $
2,043 $
2,036 $
1,950
24
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