LINDE PLC PP&E Disclosure
(Millions of dollars) December 31, | Depreciable Lives (Yrs) | 2025 | 2024 | |||||||||||||||||
| Production plants (primarily 15-year life) (a) | 10-20 | $ | 40,301 | $ | 35,364 | |||||||||||||||
| Storage tanks | 15-20 | 6,215 | 5,689 | |||||||||||||||||
| Transportation equipment and other | 3-15 | 4,872 | 4,210 | |||||||||||||||||
| Cylinders | 10-30 | 5,542 | 4,970 | |||||||||||||||||
| Buildings | 25-40 | 3,831 | 3,355 | |||||||||||||||||
| Land and improvements (b) | 0-20 | 1,188 | 1,045 | |||||||||||||||||
| Construction in progress | 6,130 | 4,086 | ||||||||||||||||||
| 68,079 | 58,719 | |||||||||||||||||||
| Less: accumulated depreciation | (39,819) | (33,944) | ||||||||||||||||||
| $ | 28,260 | $ | 24,775 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 28, 2022 | |
| 2020 | Mar 1, 2021 | |
| 2019 | Mar 2, 2020 | |
| 2018 | Mar 18, 2019 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.