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What is the net value of "Licensed technology and patents" under the identified intangible assets for Intel Corp in FY2023? | Net amount for licensed technology under the identified intangible assets for Intel Corp for FY2023 is $1,360 million. | [
"Note 12 : Identified Intangible Assets December 30, 2023 December 31, 2022 (In Millions) Gross Assets Accumulated Amortization Net Gross Assets Accumulated Amortization Net Developed technology $ 10,520 $ (7,996) $ 2,524 $ 10,964 $ (7,216) $ 3,748 Customer relationships and brands 1,986 (1,286) 700 1,986 (1,114) 872 Licensed technology and patents 3,088 (1,728) 1,360 3,219 (1,821) 1,398 Other non-amortizing intangibles 5 — 5 — — — Total identified intangible assets $ 15,599 $ (11,010) $ 4,589 $ 16,169 $ (10,151) $ 6,018"
]
| INTEL CORP | INTC | 2,024 | 2024-01-25 | 50,863 | Information Technology | https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm | 2,200 | 0 |
What is the total amount of senior notes and other borrowings for Intel Corp in FY2023? | Intel Corp's total senior notes and other borrowings in FY2023 amounted to $50,285 million. | [
"Dec 30, 2023 Dec 31, 2022 (In Millions) Effective Interest Rate Amount Amount Oregon and Arizona bonds : 2.40% - 2.70%, due December 2035 - 2040 —% — 423 3.80% - 4.10%, due December 2035 - 2040 3.89% 423 — 5.00%, due September 2042 3.64% 131 131 5.00%, due June 2049 2.15% 438 438 5.00%, due September 2052 4.26% 445 445 Total senior notes and other borrowings 50,285 39,285 Unamortized premium/discount and issuance costs (445) (417) Hedge accounting fair value adjustments (574) (761) Long-term debt 49,266 38,107 Current portion of long-term debt (2,288) (423) Total long-term debt $ 46,978 $ 37,684"
]
| INTEL CORP | INTC | 2,024 | 2024-01-25 | 50,863 | Information Technology | https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm | 2,201 | 0 |
What is the effective annual rate of fixed-rate senior note of 4.00%, due August 2029 that is part of Intel Corp's long-term debt for FY2023? | The effective annual rate for this borrowing is 4.06% | [
"Long-Term Debt Dec 30, 2023 Dec 31, 2022 (In Millions) Effective Interest Rate Amount Amount Fixed-rate senior notes: 2.88%, due May 2024 2.32% $ 1,250 $ 1,250 2.70%, due June 2024 2.14% 600 600 3.40%, due March 2025 3.45% 1,500 1,500 3.70%, due July 2025 7.29% 2,250 2,250 4.88%, due February 2026 4.96% 1,500 — 2.60%, due May 2026 5.79% 1,000 1,000 3.75%, due March 2027 3.79% 1,000 1,000 3.15%, due May 2027 6.35% 1,000 1,000 3.75%, due August 2027 3.82% 1,250 1,250 4.88%, due February 2028 4.94% 1,750 — 1.60%, due August 2028 1.67% 1,000 1,000 4.00%, due August 2029 4.06% 850 850 2.45%, due November 2029 2.39% 2,000 2,000 5.13%, due February 2030 5.17% 1,250 — 3.90%, due March 2030 3.93% 1,500 1,500 2.00%, due August 2031 2.03% 1,250 1,250 4.15%, due August 2032 4.18% 1,250 1,250 4.00%, due December 2032 7.21% 750 750 5.20%, due February 2033 5.25% 2,250 — 4.60%, due March 2040 4.61% 750 750 2.80%, due August 2041 2.81% 750 750 4.80%, due October 2041 7.16% 802 802 4.25%, due December 2042 7.45% 567 567 5.63%, due February 2043 5.64% 1,000 — 4.90%, due July 2045 7.29% 772 772 4.10%, due May 2046 6.58% 1,250 1,250 4.10%, due May 2047 6.53% 1,000 1,000 4.10%, due August 2047 6.09% 640 640 3.73%, due December 2047 6.99% 1,967 1,967 3.25%, due November 2049 3.20% 2,000 2,000 4.75%, due March 2050 4.74% 2,250 2,250 3.05%, due August 2051 3.06% 1,250 1,250 4.90%, due August 2052 4.90% 1,750 1,750 5.70%, due February 2053 5.71% 2,000 — 3.10%, due February 2060 3.11% 1,000 1,000 4.95%, due March 2060 4.99% 1,000 1,000 3.20%, due August 2061 3.21% 750 750 5.05%, due August 2062 5.05% 900 900 5.90%, due February 2063 5.91% 1,250 —"
]
| INTEL CORP | INTC | 2,024 | 2024-01-25 | 50,863 | Information Technology | https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm | 2,202 | 0 |
What is the effective annual rate and amount of fixed-rate senior note of 3.73%, due December 2047 that is part of Intel Corp's long-term debt for FY2023? | The effective annual rate for this borrowing is 6.99% and the amount is $1,967 million. | [
"Long-Term Debt Dec 30, 2023 Dec 31, 2022 (In Millions) Effective Interest Rate Amount Amount Fixed-rate senior notes: 2.88%, due May 2024 2.32% $ 1,250 $ 1,250 2.70%, due June 2024 2.14% 600 600 3.40%, due March 2025 3.45% 1,500 1,500 3.70%, due July 2025 7.29% 2,250 2,250 4.88%, due February 2026 4.96% 1,500 — 2.60%, due May 2026 5.79% 1,000 1,000 3.75%, due March 2027 3.79% 1,000 1,000 3.15%, due May 2027 6.35% 1,000 1,000 3.75%, due August 2027 3.82% 1,250 1,250 4.88%, due February 2028 4.94% 1,750 — 1.60%, due August 2028 1.67% 1,000 1,000 4.00%, due August 2029 4.06% 850 850 2.45%, due November 2029 2.39% 2,000 2,000 5.13%, due February 2030 5.17% 1,250 — 3.90%, due March 2030 3.93% 1,500 1,500 2.00%, due August 2031 2.03% 1,250 1,250 4.15%, due August 2032 4.18% 1,250 1,250 4.00%, due December 2032 7.21% 750 750 5.20%, due February 2033 5.25% 2,250 — 4.60%, due March 2040 4.61% 750 750 2.80%, due August 2041 2.81% 750 750 4.80%, due October 2041 7.16% 802 802 4.25%, due December 2042 7.45% 567 567 5.63%, due February 2043 5.64% 1,000 — 4.90%, due July 2045 7.29% 772 772 4.10%, due May 2046 6.58% 1,250 1,250 4.10%, due May 2047 6.53% 1,000 1,000 4.10%, due August 2047 6.09% 640 640 3.73%, due December 2047 6.99% 1,967 1,967 3.25%, due November 2049 3.20% 2,000 2,000 4.75%, due March 2050 4.74% 2,250 2,250 3.05%, due August 2051 3.06% 1,250 1,250 4.90%, due August 2052 4.90% 1,750 1,750 5.70%, due February 2053 5.71% 2,000 — 3.10%, due February 2060 3.11% 1,000 1,000 4.95%, due March 2060 4.99% 1,000 1,000 3.20%, due August 2061 3.21% 750 750 5.05%, due August 2062 5.05% 900 900 5.90%, due February 2063 5.91% 1,250 —"
]
| INTEL CORP | INTC | 2,024 | 2024-01-25 | 50,863 | Information Technology | https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm | 2,203 | 0 |
What was the amount of Intel Corp's total deferred tax assets for FY2023? | Intel Corp's total deferred tax assets for FY2023 were $11,484 million. | [
"Deferred and Current Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. Significant components of our deferred tax assets and liabilities at the end of each period were as follows: (In Millions) Dec 30, 2023 Dec 31, 2022 Deferred tax assets: R&D expenditures capitalization $ 7,726 $ 5,067 State credits and net operating losses 2,624 2,259 Inventory 1,430 1,788 Accrued compensation and other benefits 931 1,031 Share-based compensation 586 557 Litigation charge 308 470 Other, net 926 709 Gross deferred tax assets 14,531 11,881 Valuation allowance (3,047) (2,586) Total deferred tax assets 11,484 9,295 Deferred tax liabilities: Property, plant, and equipment (5,156) (4,776) Licenses and intangibles (494) (386) Unrealized gains on investments and derivatives (358) (415) Other, net (203) (470) Total deferred tax liabilities (6,211) (6,047) Net deferred tax assets (liabilities) $ 5,273 $ 3,248 Reported as: Deferred tax assets 5,459 3,450 Deferred tax liabilities (186) (202) Net deferred tax assets (liabilities) $ 5,273 $ 3,248"
]
| INTEL CORP | INTC | 2,024 | 2024-01-25 | 50,863 | Information Technology | https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm | 2,204 | 0 |
By how much did the total deferred tax assets for Intel Corp increase from FY2022? | The deferred tax assets increased by $2189 million from FY2022 to FY2023. | [
"Deferred and Current Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. Significant components of our deferred tax assets and liabilities at the end of each period were as follows: (In Millions) Dec 30, 2023 Dec 31, 2022 Deferred tax assets: R&D expenditures capitalization $ 7,726 $ 5,067 State credits and net operating losses 2,624 2,259 Inventory 1,430 1,788 Accrued compensation and other benefits 931 1,031 Share-based compensation 586 557 Litigation charge 308 470 Other, net 926 709 Gross deferred tax assets 14,531 11,881 Valuation allowance (3,047) (2,586) Total deferred tax assets 11,484 9,295 Deferred tax liabilities: Property, plant, and equipment (5,156) (4,776) Licenses and intangibles (494) (386) Unrealized gains on investments and derivatives (358) (415) Other, net (203) (470) Total deferred tax liabilities (6,211) (6,047) Net deferred tax assets (liabilities) $ 5,273 $ 3,248 Reported as: Deferred tax assets 5,459 3,450 Deferred tax liabilities (186) (202) Net deferred tax assets (liabilities) $ 5,273 $ 3,248"
]
| INTEL CORP | INTC | 2,024 | 2024-01-25 | 50,863 | Information Technology | https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm | 2,205 | 0 |
What was the amount of Intel Corp's total deferred tax liabilities for FY2023? | Intel Corp's total deferred tax liabilities for FY2023 were $6,211 million. | [
"Deferred and Current Income Taxes Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. Significant components of our deferred tax assets and liabilities at the end of each period were as follows: (In Millions) Dec 30, 2023 Dec 31, 2022 Deferred tax assets: R&D expenditures capitalization $ 7,726 $ 5,067 State credits and net operating losses 2,624 2,259 Inventory 1,430 1,788 Accrued compensation and other benefits 931 1,031 Share-based compensation 586 557 Litigation charge 308 470 Other, net 926 709 Gross deferred tax assets 14,531 11,881 Valuation allowance (3,047) (2,586) Total deferred tax assets 11,484 9,295 Deferred tax liabilities: Property, plant, and equipment (5,156) (4,776) Licenses and intangibles (494) (386) Unrealized gains on investments and derivatives (358) (415) Other, net (203) (470) Total deferred tax liabilities (6,211) (6,047) Net deferred tax assets (liabilities) $ 5,273 $ 3,248 Reported as: Deferred tax assets 5,459 3,450 Deferred tax liabilities (186) (202) Net deferred tax assets (liabilities) $ 5,273 $ 3,248"
]
| INTEL CORP | INTC | 2,024 | 2024-01-25 | 50,863 | Information Technology | https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm | 2,206 | 0 |
How much was the net cash used for investing activities for Intel Corp in FY2023? | Intel Corp's net cashflow from investing activities was $24,041 million in FY2023. | [
"Consolidated Statements of Cash Flows Years Ended (In Millions) Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Cash and cash equivalents, beginning of period $ 11,144 $ 4,827 $ 5,865 Cash flows provided by (used for) operating activities: Net income 1,675 8,017 19,868 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 7,847 11,128 9,953 Share-based compensation 3,229 3,128 2,036 Restructuring and other charges (424) 1,074 2,626 Amortization of intangibles 1,755 1,907 1,839 (Gains) losses on equity investments, net (42) (4,254) (1,458) (Gains) losses on divestitures — (1,059) — Changes in assets and liabilities: Accounts receivable 731 5,327 (2,674) Inventories 2,097 (2,436) (2,339) Accounts payable (801) (29) 1,190 Accrued compensation and benefits (614) (1,533) 515 Prepaid customer supply agreements — (24) (1,583) Income taxes (3,531) (4,535) (441) Other assets and liabilities (451) (1,278) (76) Total adjustments 9,796 7,416 9,588 Net cash provided by operating activities 11,471 15,433 29,456 Cash flows provided by (used for) investing activities: Additions to property, plant, and equipment (25,750) (24,844) (18,733) Additions to held for sale NAND property, plant, and equipment — (206) (1,596) Proceeds from capital-related government incentives 1,011 246 166 Purchase of short-term investments (44,414) (43,647) (40,554) Maturities and sales of short-term investments 44,077 48,730 35,299 Purchases of equity investments (399) (510) (613) Sales of equity investments 472 4,961 581 Proceeds from divestitures — 6,579 — Other investing 962 (1,540) 1,167 Net cash used for investing activities (24,041) (10,231) (24,283) Cash flows provided by (used for) financing activities: Issuance of commercial paper, net of issuance costs — 3,945 — Repayment of commercial paper (3,944) — — Payments on finance leases (96) (345) — Partner contributions 1,511 874 — Proceeds from sales of subsidiary shares 2,959 1,032 — Issuance of long-term debt, net of issuance costs 11,391 6,548 4,974 Repayment of debt (423) (4,984) (2,500) Proceeds from sales of common stock through employee equity incentive plans 1,042 977 1,020 Repurchase of common stock — — (2,415) Payment of dividends to stockholders (3,088) (5,997) (5,644) Other financing (847) (935) (1,646) Net cash provided by (used for) financing activities 8,505 1,115 (6,211) Net increase (decrease) in cash and cash equivalents (4,065) 6,317 (1,038) Cash and cash equivalents, end of period $ 7,079 $ 11,144 $ 4,827 Supplemental disclosures: Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities $ 4,804 $ 5,431 $ 1,619 Cash paid during the year for: Interest, net of capitalized interest $ 613 $ 459 $ 545 Income taxes, net of refunds $ 2,621 $ 4,282 $ 2,263"
]
| INTEL CORP | INTC | 2,024 | 2024-01-25 | 50,863 | Information Technology | https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm | 2,207 | 0 |
How much was the net cashflow from operating activities for Intel Corp in FY2023? | Intel Corp's net cashflow from operating activities was $11,471 million in FY2023. | [
"Consolidated Statements of Cash Flows Years Ended (In Millions) Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Cash and cash equivalents, beginning of period $ 11,144 $ 4,827 $ 5,865 Cash flows provided by (used for) operating activities: Net income 1,675 8,017 19,868 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 7,847 11,128 9,953 Share-based compensation 3,229 3,128 2,036 Restructuring and other charges (424) 1,074 2,626 Amortization of intangibles 1,755 1,907 1,839 (Gains) losses on equity investments, net (42) (4,254) (1,458) (Gains) losses on divestitures — (1,059) — Changes in assets and liabilities: Accounts receivable 731 5,327 (2,674) Inventories 2,097 (2,436) (2,339) Accounts payable (801) (29) 1,190 Accrued compensation and benefits (614) (1,533) 515 Prepaid customer supply agreements — (24) (1,583) Income taxes (3,531) (4,535) (441) Other assets and liabilities (451) (1,278) (76) Total adjustments 9,796 7,416 9,588 Net cash provided by operating activities 11,471 15,433 29,456 Cash flows provided by (used for) investing activities: Additions to property, plant, and equipment (25,750) (24,844) (18,733) Additions to held for sale NAND property, plant, and equipment — (206) (1,596) Proceeds from capital-related government incentives 1,011 246 166 Purchase of short-term investments (44,414) (43,647) (40,554) Maturities and sales of short-term investments 44,077 48,730 35,299 Purchases of equity investments (399) (510) (613) Sales of equity investments 472 4,961 581 Proceeds from divestitures — 6,579 — Other investing 962 (1,540) 1,167 Net cash used for investing activities (24,041) (10,231) (24,283) Cash flows provided by (used for) financing activities: Issuance of commercial paper, net of issuance costs — 3,945 — Repayment of commercial paper (3,944) — — Payments on finance leases (96) (345) — Partner contributions 1,511 874 — Proceeds from sales of subsidiary shares 2,959 1,032 — Issuance of long-term debt, net of issuance costs 11,391 6,548 4,974 Repayment of debt (423) (4,984) (2,500) Proceeds from sales of common stock through employee equity incentive plans 1,042 977 1,020 Repurchase of common stock — — (2,415) Payment of dividends to stockholders (3,088) (5,997) (5,644) Other financing (847) (935) (1,646) Net cash provided by (used for) financing activities 8,505 1,115 (6,211) Net increase (decrease) in cash and cash equivalents (4,065) 6,317 (1,038) Cash and cash equivalents, end of period $ 7,079 $ 11,144 $ 4,827 Supplemental disclosures: Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities $ 4,804 $ 5,431 $ 1,619 Cash paid during the year for: Interest, net of capitalized interest $ 613 $ 459 $ 545 Income taxes, net of refunds $ 2,621 $ 4,282 $ 2,263"
]
| INTEL CORP | INTC | 2,024 | 2024-01-25 | 50,863 | Information Technology | https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm | 2,208 | 0 |
What was the amount of repurchase of common stock done by Intel Corp in FY2021? | In FY2021, Intel Corp repurchased $2,415 million worth of common stock. | [
"Consolidated Statements of Cash Flows Years Ended (In Millions) Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Cash and cash equivalents, beginning of period $ 11,144 $ 4,827 $ 5,865 Cash flows provided by (used for) operating activities: Net income 1,675 8,017 19,868 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 7,847 11,128 9,953 Share-based compensation 3,229 3,128 2,036 Restructuring and other charges (424) 1,074 2,626 Amortization of intangibles 1,755 1,907 1,839 (Gains) losses on equity investments, net (42) (4,254) (1,458) (Gains) losses on divestitures — (1,059) — Changes in assets and liabilities: Accounts receivable 731 5,327 (2,674) Inventories 2,097 (2,436) (2,339) Accounts payable (801) (29) 1,190 Accrued compensation and benefits (614) (1,533) 515 Prepaid customer supply agreements — (24) (1,583) Income taxes (3,531) (4,535) (441) Other assets and liabilities (451) (1,278) (76) Total adjustments 9,796 7,416 9,588 Net cash provided by operating activities 11,471 15,433 29,456 Cash flows provided by (used for) investing activities: Additions to property, plant, and equipment (25,750) (24,844) (18,733) Additions to held for sale NAND property, plant, and equipment — (206) (1,596) Proceeds from capital-related government incentives 1,011 246 166 Purchase of short-term investments (44,414) (43,647) (40,554) Maturities and sales of short-term investments 44,077 48,730 35,299 Purchases of equity investments (399) (510) (613) Sales of equity investments 472 4,961 581 Proceeds from divestitures — 6,579 — Other investing 962 (1,540) 1,167 Net cash used for investing activities (24,041) (10,231) (24,283) Cash flows provided by (used for) financing activities: Issuance of commercial paper, net of issuance costs — 3,945 — Repayment of commercial paper (3,944) — — Payments on finance leases (96) (345) — Partner contributions 1,511 874 — Proceeds from sales of subsidiary shares 2,959 1,032 — Issuance of long-term debt, net of issuance costs 11,391 6,548 4,974 Repayment of debt (423) (4,984) (2,500) Proceeds from sales of common stock through employee equity incentive plans 1,042 977 1,020 Repurchase of common stock — — (2,415) Payment of dividends to stockholders (3,088) (5,997) (5,644) Other financing (847) (935) (1,646) Net cash provided by (used for) financing activities 8,505 1,115 (6,211) Net increase (decrease) in cash and cash equivalents (4,065) 6,317 (1,038) Cash and cash equivalents, end of period $ 7,079 $ 11,144 $ 4,827 Supplemental disclosures: Acquisition of property, plant, and equipment included in accounts payable and accrued liabilities $ 4,804 $ 5,431 $ 1,619 Cash paid during the year for: Interest, net of capitalized interest $ 613 $ 459 $ 545 Income taxes, net of refunds $ 2,621 $ 4,282 $ 2,263"
]
| INTEL CORP | INTC | 2,024 | 2024-01-25 | 50,863 | Information Technology | https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm | 2,209 | 0 |
What amount of operating lease payments are to be done by Intel Corp in FY2024? | $149 million is to be paid against operating lease payments in FY2024. | [
"Discounted and undiscounted lease payments under non-cancelable leases as of December 30, 2023 were as follows: (In Millions) 2024 2025 2026 2027 2028 Thereafter Total Operating lease payments $ 149 $ 110 $ 62 $ 44 $ 31 $ 103 $ 499 Finance lease payments $ 480 $ 70 $ — $ — $ — $ — $ 550 Present value of lease payments $ 978"
]
| INTEL CORP | INTC | 2,024 | 2024-01-25 | 50,863 | Information Technology | https://www.sec.gov/Archives/edgar/data/50863/000005086324000010/intc-20231230.htm | 2,210 | 0 |
Did Linde PLC have any intangible assets at the end of FY23? |
Yes, as of FY23, Linde PLC had total intangibles worth $39,150 million. Goodwill constitutes the major portion of intangibles, amounting to $26,751 million. | [
"CONSOLIDATED BALANCE SHEETS LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) December 31, 2023 2022 Assets Cash and cash equivalents $ 4,664 $ 5,436 Accounts receivable – net 4,718 4,559 Contract assets 196 124 Inventories 2,115 1,978 Prepaid and other current assets 927 950 Total Current Assets 12,620 13,047 Property, plant and equipment – net 24,552 23,548 Equity investments 2,190 2,350 Goodwill 26,751 25,817 Other intangible assets – net 12,399 12,420 Other long-term assets 2,299 2,476 Total Assets $ 80,811 $ 79,658 Liabilities and Equity Accounts payable $ 3,020 $ 2,995 Short-term debt 4,713 4,117 Current portion of long-term debt 1,263 1,599 Contract liabilities 1,901 3,073 Accrued taxes 664 613 Other current liabilities 4,156 4,082 Total Current Liabilities 15,717 16,479 Long-term debt 13,397 12,198 Other long-term liabilities 3,804 2,795 Deferred credits 6,798 6,799 Total Liabilities 39,716 38,271 Commitments and contingencies (Note 17) Redeemable noncontrolling interests 13 13 Linde plc Shareholders’ Equity: Ordinary shares (€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares) 1 1 Additional paid-in capital 39,812 40,005 Retained earnings 8,845 20,541 Accumulated other comprehensive income (loss) (5,805) (5,782) Less: Treasury shares, at cost (2023 – 8,321,827 shares and 2022 – 59,555,235 shares) (3,133) (14,737) Total Linde plc Shareholders’ Equity 39,720 40,028 Noncontrolling interests 1,362 1,346 Total Equity 41,082 41,374 Total Liabilities and Equity $ 80,811 $ 79,658"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,211 | 0 |
How did Linde PLC's current assets compare to its current liabilities in FY23? | In FY23, Linde PLC's current ratio stood at 0.8, indicating that its current assets were less than its current liabilities, and the organization does not have sufficient assets to pay of its liabilities. | [
"CONSOLIDATED BALANCE SHEETS LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) December 31, 2023 2022 Assets Cash and cash equivalents $ 4,664 $ 5,436 Accounts receivable – net 4,718 4,559 Contract assets 196 124 Inventories 2,115 1,978 Prepaid and other current assets 927 950 Total Current Assets 12,620 13,047 Property, plant and equipment – net 24,552 23,548 Equity investments 2,190 2,350 Goodwill 26,751 25,817 Other intangible assets – net 12,399 12,420 Other long-term assets 2,299 2,476 Total Assets $ 80,811 $ 79,658 Liabilities and Equity Accounts payable $ 3,020 $ 2,995 Short-term debt 4,713 4,117 Current portion of long-term debt 1,263 1,599 Contract liabilities 1,901 3,073 Accrued taxes 664 613 Other current liabilities 4,156 4,082 Total Current Liabilities 15,717 16,479 Long-term debt 13,397 12,198 Other long-term liabilities 3,804 2,795 Deferred credits 6,798 6,799 Total Liabilities 39,716 38,271 Commitments and contingencies (Note 17) Redeemable noncontrolling interests 13 13 Linde plc Shareholders’ Equity: Ordinary shares (€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares) 1 1 Additional paid-in capital 39,812 40,005 Retained earnings 8,845 20,541 Accumulated other comprehensive income (loss) (5,805) (5,782) Less: Treasury shares, at cost (2023 – 8,321,827 shares and 2022 – 59,555,235 shares) (3,133) (14,737) Total Linde plc Shareholders’ Equity 39,720 40,028 Noncontrolling interests 1,362 1,346 Total Equity 41,082 41,374 Total Liabilities and Equity $ 80,811 $ 79,658"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,212 | 0 |
How was Linde PLC financing its activities (debt vs. equity) in FY23, and has this mix changed over time? |
In FY23, Linde PLC's operations were primarily financed through equity, with a gearing ratio of about 24.6%. This mix has remained largely consistent over time, as it was also about 23% in FY22. | [
"CONSOLIDATED BALANCE SHEETS LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) December 31, 2023 2022 Assets Cash and cash equivalents $ 4,664 $ 5,436 Accounts receivable – net 4,718 4,559 Contract assets 196 124 Inventories 2,115 1,978 Prepaid and other current assets 927 950 Total Current Assets 12,620 13,047 Property, plant and equipment – net 24,552 23,548 Equity investments 2,190 2,350 Goodwill 26,751 25,817 Other intangible assets – net 12,399 12,420 Other long-term assets 2,299 2,476 Total Assets $ 80,811 $ 79,658 Liabilities and Equity Accounts payable $ 3,020 $ 2,995 Short-term debt 4,713 4,117 Current portion of long-term debt 1,263 1,599 Contract liabilities 1,901 3,073 Accrued taxes 664 613 Other current liabilities 4,156 4,082 Total Current Liabilities 15,717 16,479 Long-term debt 13,397 12,198 Other long-term liabilities 3,804 2,795 Deferred credits 6,798 6,799 Total Liabilities 39,716 38,271 Commitments and contingencies (Note 17) Redeemable noncontrolling interests 13 13 Linde plc Shareholders’ Equity: Ordinary shares (€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares) 1 1 Additional paid-in capital 39,812 40,005 Retained earnings 8,845 20,541 Accumulated other comprehensive income (loss) (5,805) (5,782) Less: Treasury shares, at cost (2023 – 8,321,827 shares and 2022 – 59,555,235 shares) (3,133) (14,737) Total Linde plc Shareholders’ Equity 39,720 40,028 Noncontrolling interests 1,362 1,346 Total Equity 41,082 41,374 Total Liabilities and Equity $ 80,811 $ 79,658"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,213 | 0 |
Did Linde PLC's cash and cash equivalents increase in FY23 compared to the previous year? | No, Linde PLC's cash and cash equivalents decreased by 14.2% in FY23 instead | [
"CONSOLIDATED BALANCE SHEETS LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) December 31, 2023 2022 Assets Cash and cash equivalents $ 4,664 $ 5,436 Accounts receivable – net 4,718 4,559 Contract assets 196 124 Inventories 2,115 1,978 Prepaid and other current assets 927 950 Total Current Assets 12,620 13,047 Property, plant and equipment – net 24,552 23,548 Equity investments 2,190 2,350 Goodwill 26,751 25,817 Other intangible assets – net 12,399 12,420 Other long-term assets 2,299 2,476 Total Assets $ 80,811 $ 79,658 Liabilities and Equity Accounts payable $ 3,020 $ 2,995 Short-term debt 4,713 4,117 Current portion of long-term debt 1,263 1,599 Contract liabilities 1,901 3,073 Accrued taxes 664 613 Other current liabilities 4,156 4,082 Total Current Liabilities 15,717 16,479 Long-term debt 13,397 12,198 Other long-term liabilities 3,804 2,795 Deferred credits 6,798 6,799 Total Liabilities 39,716 38,271 Commitments and contingencies (Note 17) Redeemable noncontrolling interests 13 13 Linde plc Shareholders’ Equity: Ordinary shares (€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares) 1 1 Additional paid-in capital 39,812 40,005 Retained earnings 8,845 20,541 Accumulated other comprehensive income (loss) (5,805) (5,782) Less: Treasury shares, at cost (2023 – 8,321,827 shares and 2022 – 59,555,235 shares) (3,133) (14,737) Total Linde plc Shareholders’ Equity 39,720 40,028 Noncontrolling interests 1,362 1,346 Total Equity 41,082 41,374 Total Liabilities and Equity $ 80,811 $ 79,658"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,214 | 0 |
What was Linde PLC's Accounts Payable for FY23? | In FY23, the total value of Linde PLC's accounts payable was $3,020 million. | [
"CONSOLIDATED BALANCE SHEETS LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) December 31, 2023 2022 Assets Cash and cash equivalents $ 4,664 $ 5,436 Accounts receivable – net 4,718 4,559 Contract assets 196 124 Inventories 2,115 1,978 Prepaid and other current assets 927 950 Total Current Assets 12,620 13,047 Property, plant and equipment – net 24,552 23,548 Equity investments 2,190 2,350 Goodwill 26,751 25,817 Other intangible assets – net 12,399 12,420 Other long-term assets 2,299 2,476 Total Assets $ 80,811 $ 79,658 Liabilities and Equity Accounts payable $ 3,020 $ 2,995 Short-term debt 4,713 4,117 Current portion of long-term debt 1,263 1,599 Contract liabilities 1,901 3,073 Accrued taxes 664 613 Other current liabilities 4,156 4,082 Total Current Liabilities 15,717 16,479 Long-term debt 13,397 12,198 Other long-term liabilities 3,804 2,795 Deferred credits 6,798 6,799 Total Liabilities 39,716 38,271 Commitments and contingencies (Note 17) Redeemable noncontrolling interests 13 13 Linde plc Shareholders’ Equity: Ordinary shares (€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares) 1 1 Additional paid-in capital 39,812 40,005 Retained earnings 8,845 20,541 Accumulated other comprehensive income (loss) (5,805) (5,782) Less: Treasury shares, at cost (2023 – 8,321,827 shares and 2022 – 59,555,235 shares) (3,133) (14,737) Total Linde plc Shareholders’ Equity 39,720 40,028 Noncontrolling interests 1,362 1,346 Total Equity 41,082 41,374 Total Liabilities and Equity $ 80,811 $ 79,658"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,215 | 0 |
What was Linde PLC's liability to asset (L/A) ratio, and what does it indicate about its financial health? | In FY23, Linde PLC's liability to asset (L/A) ratio was 0.49, indicating that the organization was more tilted towards assets than its liabilities. This suggests a relatively healthy financial position, as a lower ratio signifies a stronger ability to meet obligations with available assets. | [
"CONSOLIDATED BALANCE SHEETS LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) December 31, 2023 2022 Assets Cash and cash equivalents $ 4,664 $ 5,436 Accounts receivable – net 4,718 4,559 Contract assets 196 124 Inventories 2,115 1,978 Prepaid and other current assets 927 950 Total Current Assets 12,620 13,047 Property, plant and equipment – net 24,552 23,548 Equity investments 2,190 2,350 Goodwill 26,751 25,817 Other intangible assets – net 12,399 12,420 Other long-term assets 2,299 2,476 Total Assets $ 80,811 $ 79,658 Liabilities and Equity Accounts payable $ 3,020 $ 2,995 Short-term debt 4,713 4,117 Current portion of long-term debt 1,263 1,599 Contract liabilities 1,901 3,073 Accrued taxes 664 613 Other current liabilities 4,156 4,082 Total Current Liabilities 15,717 16,479 Long-term debt 13,397 12,198 Other long-term liabilities 3,804 2,795 Deferred credits 6,798 6,799 Total Liabilities 39,716 38,271 Commitments and contingencies (Note 17) Redeemable noncontrolling interests 13 13 Linde plc Shareholders’ Equity: Ordinary shares (€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares) 1 1 Additional paid-in capital 39,812 40,005 Retained earnings 8,845 20,541 Accumulated other comprehensive income (loss) (5,805) (5,782) Less: Treasury shares, at cost (2023 – 8,321,827 shares and 2022 – 59,555,235 shares) (3,133) (14,737) Total Linde plc Shareholders’ Equity 39,720 40,028 Noncontrolling interests 1,362 1,346 Total Equity 41,082 41,374 Total Liabilities and Equity $ 80,811 $ 79,658"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,216 | 0 |
What was Linde PLC's debt-to-equity ratio in FY23? | In FY23, Linde PLC’s debt-to-equity ratio was 0.33. This indicates that Linde PLC's operations were financed through liabilities and equity in the proportion of 1:3. | [
"CONSOLIDATED BALANCE SHEETS LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) December 31, 2023 2022 Assets Cash and cash equivalents $ 4,664 $ 5,436 Accounts receivable – net 4,718 4,559 Contract assets 196 124 Inventories 2,115 1,978 Prepaid and other current assets 927 950 Total Current Assets 12,620 13,047 Property, plant and equipment – net 24,552 23,548 Equity investments 2,190 2,350 Goodwill 26,751 25,817 Other intangible assets – net 12,399 12,420 Other long-term assets 2,299 2,476 Total Assets $ 80,811 $ 79,658 Liabilities and Equity Accounts payable $ 3,020 $ 2,995 Short-term debt 4,713 4,117 Current portion of long-term debt 1,263 1,599 Contract liabilities 1,901 3,073 Accrued taxes 664 613 Other current liabilities 4,156 4,082 Total Current Liabilities 15,717 16,479 Long-term debt 13,397 12,198 Other long-term liabilities 3,804 2,795 Deferred credits 6,798 6,799 Total Liabilities 39,716 38,271 Commitments and contingencies (Note 17) Redeemable noncontrolling interests 13 13 Linde plc Shareholders’ Equity: Ordinary shares (€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares) 1 1 Additional paid-in capital 39,812 40,005 Retained earnings 8,845 20,541 Accumulated other comprehensive income (loss) (5,805) (5,782) Less: Treasury shares, at cost (2023 – 8,321,827 shares and 2022 – 59,555,235 shares) (3,133) (14,737) Total Linde plc Shareholders’ Equity 39,720 40,028 Noncontrolling interests 1,362 1,346 Total Equity 41,082 41,374 Total Liabilities and Equity $ 80,811 $ 79,658"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,217 | 0 |
What was the balance of cash and cash equivalents of Linde PLC at the end of FY-2023 | The total Cash and Cash Equivalents recorded by Linde PLC at the year-end of FY-2023 were $4,664 million. | [
"CONSOLIDATED BALANCE SHEETS LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) December 31, 2023 2022 Assets Cash and cash equivalents $ 4,664 $ 5,436 Accounts receivable – net 4,718 4,559 Contract assets 196 124 Inventories 2,115 1,978 Prepaid and other current assets 927 950 Total Current Assets 12,620 13,047 Property, plant and equipment – net 24,552 23,548 Equity investments 2,190 2,350 Goodwill 26,751 25,817 Other intangible assets – net 12,399 12,420 Other long-term assets 2,299 2,476 Total Assets $ 80,811 $ 79,658 Liabilities and Equity Accounts payable $ 3,020 $ 2,995 Short-term debt 4,713 4,117 Current portion of long-term debt 1,263 1,599 Contract liabilities 1,901 3,073 Accrued taxes 664 613 Other current liabilities 4,156 4,082 Total Current Liabilities 15,717 16,479 Long-term debt 13,397 12,198 Other long-term liabilities 3,804 2,795 Deferred credits 6,798 6,799 Total Liabilities 39,716 38,271 Commitments and contingencies (Note 17) Redeemable noncontrolling interests 13 13 Linde plc Shareholders’ Equity: Ordinary shares (€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares) 1 1 Additional paid-in capital 39,812 40,005 Retained earnings 8,845 20,541 Accumulated other comprehensive income (loss) (5,805) (5,782) Less: Treasury shares, at cost (2023 – 8,321,827 shares and 2022 – 59,555,235 shares) (3,133) (14,737) Total Linde plc Shareholders’ Equity 39,720 40,028 Noncontrolling interests 1,362 1,346 Total Equity 41,082 41,374 Total Liabilities and Equity $ 80,811 $ 79,658"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,218 | 0 |
What was Linde PLC's Property, Plant, and Equipment as a percentage of total assets at the end of FY23, and was there any significant change compared to the previous year? | In FY23, Property, Plant, and Equipment (PPE) represented 30.4% of Linde PLC's total assets, reflecting a slight increase from the previous year's 29.6%. | [
"CONSOLIDATED BALANCE SHEETS LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) December 31, 2023 2022 Assets Cash and cash equivalents $ 4,664 $ 5,436 Accounts receivable – net 4,718 4,559 Contract assets 196 124 Inventories 2,115 1,978 Prepaid and other current assets 927 950 Total Current Assets 12,620 13,047 Property, plant and equipment – net 24,552 23,548 Equity investments 2,190 2,350 Goodwill 26,751 25,817 Other intangible assets – net 12,399 12,420 Other long-term assets 2,299 2,476 Total Assets $ 80,811 $ 79,658 Liabilities and Equity Accounts payable $ 3,020 $ 2,995 Short-term debt 4,713 4,117 Current portion of long-term debt 1,263 1,599 Contract liabilities 1,901 3,073 Accrued taxes 664 613 Other current liabilities 4,156 4,082 Total Current Liabilities 15,717 16,479 Long-term debt 13,397 12,198 Other long-term liabilities 3,804 2,795 Deferred credits 6,798 6,799 Total Liabilities 39,716 38,271 Commitments and contingencies (Note 17) Redeemable noncontrolling interests 13 13 Linde plc Shareholders’ Equity: Ordinary shares (€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares) 1 1 Additional paid-in capital 39,812 40,005 Retained earnings 8,845 20,541 Accumulated other comprehensive income (loss) (5,805) (5,782) Less: Treasury shares, at cost (2023 – 8,321,827 shares and 2022 – 59,555,235 shares) (3,133) (14,737) Total Linde plc Shareholders’ Equity 39,720 40,028 Noncontrolling interests 1,362 1,346 Total Equity 41,082 41,374 Total Liabilities and Equity $ 80,811 $ 79,658"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,219 | 0 |
What was the amount of Linde PLC's accounts receivable as of FY23 and did it increase compared to the prior year? | In FY23, Linde PLC's accounts receivable amounted to $4,718 million, reflecting a slight increase of 3.5% from the previous year. | [
"CONSOLIDATED BALANCE SHEETS LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) December 31, 2023 2022 Assets Cash and cash equivalents $ 4,664 $ 5,436 Accounts receivable – net 4,718 4,559 Contract assets 196 124 Inventories 2,115 1,978 Prepaid and other current assets 927 950 Total Current Assets 12,620 13,047 Property, plant and equipment – net 24,552 23,548 Equity investments 2,190 2,350 Goodwill 26,751 25,817 Other intangible assets – net 12,399 12,420 Other long-term assets 2,299 2,476 Total Assets $ 80,811 $ 79,658 Liabilities and Equity Accounts payable $ 3,020 $ 2,995 Short-term debt 4,713 4,117 Current portion of long-term debt 1,263 1,599 Contract liabilities 1,901 3,073 Accrued taxes 664 613 Other current liabilities 4,156 4,082 Total Current Liabilities 15,717 16,479 Long-term debt 13,397 12,198 Other long-term liabilities 3,804 2,795 Deferred credits 6,798 6,799 Total Liabilities 39,716 38,271 Commitments and contingencies (Note 17) Redeemable noncontrolling interests 13 13 Linde plc Shareholders’ Equity: Ordinary shares (€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares) 1 1 Additional paid-in capital 39,812 40,005 Retained earnings 8,845 20,541 Accumulated other comprehensive income (loss) (5,805) (5,782) Less: Treasury shares, at cost (2023 – 8,321,827 shares and 2022 – 59,555,235 shares) (3,133) (14,737) Total Linde plc Shareholders’ Equity 39,720 40,028 Noncontrolling interests 1,362 1,346 Total Equity 41,082 41,374 Total Liabilities and Equity $ 80,811 $ 79,658"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,220 | 0 |
What was the total value of Linde PLC's assets in FY23? | In FY23, the total value of Linde PLC's total assets was $80,811mn. | [
"CONSOLIDATED BALANCE SHEETS LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) December 31, 2023 2022 Assets Cash and cash equivalents $ 4,664 $ 5,436 Accounts receivable – net 4,718 4,559 Contract assets 196 124 Inventories 2,115 1,978 Prepaid and other current assets 927 950 Total Current Assets 12,620 13,047 Property, plant and equipment – net 24,552 23,548 Equity investments 2,190 2,350 Goodwill 26,751 25,817 Other intangible assets – net 12,399 12,420 Other long-term assets 2,299 2,476 Total Assets $ 80,811 $ 79,658 Liabilities and Equity Accounts payable $ 3,020 $ 2,995 Short-term debt 4,713 4,117 Current portion of long-term debt 1,263 1,599 Contract liabilities 1,901 3,073 Accrued taxes 664 613 Other current liabilities 4,156 4,082 Total Current Liabilities 15,717 16,479 Long-term debt 13,397 12,198 Other long-term liabilities 3,804 2,795 Deferred credits 6,798 6,799 Total Liabilities 39,716 38,271 Commitments and contingencies (Note 17) Redeemable noncontrolling interests 13 13 Linde plc Shareholders’ Equity: Ordinary shares (€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares) 1 1 Additional paid-in capital 39,812 40,005 Retained earnings 8,845 20,541 Accumulated other comprehensive income (loss) (5,805) (5,782) Less: Treasury shares, at cost (2023 – 8,321,827 shares and 2022 – 59,555,235 shares) (3,133) (14,737) Total Linde plc Shareholders’ Equity 39,720 40,028 Noncontrolling interests 1,362 1,346 Total Equity 41,082 41,374 Total Liabilities and Equity $ 80,811 $ 79,658"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,221 | 0 |
What was the value of Linde PLC's long-lived Assets as of the end of FY-2023? | The total noncurrent assets of Linde PLC were carried at $68,191 million. | [
"CONSOLIDATED BALANCE SHEETS LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) December 31, 2023 2022 Assets Cash and cash equivalents $ 4,664 $ 5,436 Accounts receivable – net 4,718 4,559 Contract assets 196 124 Inventories 2,115 1,978 Prepaid and other current assets 927 950 Total Current Assets 12,620 13,047 Property, plant and equipment – net 24,552 23,548 Equity investments 2,190 2,350 Goodwill 26,751 25,817 Other intangible assets – net 12,399 12,420 Other long-term assets 2,299 2,476 Total Assets $ 80,811 $ 79,658 Liabilities and Equity Accounts payable $ 3,020 $ 2,995 Short-term debt 4,713 4,117 Current portion of long-term debt 1,263 1,599 Contract liabilities 1,901 3,073 Accrued taxes 664 613 Other current liabilities 4,156 4,082 Total Current Liabilities 15,717 16,479 Long-term debt 13,397 12,198 Other long-term liabilities 3,804 2,795 Deferred credits 6,798 6,799 Total Liabilities 39,716 38,271 Commitments and contingencies (Note 17) Redeemable noncontrolling interests 13 13 Linde plc Shareholders’ Equity: Ordinary shares (€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares) 1 1 Additional paid-in capital 39,812 40,005 Retained earnings 8,845 20,541 Accumulated other comprehensive income (loss) (5,805) (5,782) Less: Treasury shares, at cost (2023 – 8,321,827 shares and 2022 – 59,555,235 shares) (3,133) (14,737) Total Linde plc Shareholders’ Equity 39,720 40,028 Noncontrolling interests 1,362 1,346 Total Equity 41,082 41,374 Total Liabilities and Equity $ 80,811 $ 79,658"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,222 | 0 |
Based solely on the statement of cash flows, what is the net income of Linde PLC in FY23, FY22, and FY21? | In FY23, Linde PLC reported a net income of $6,199 million. This represents a significant increase from the previous year's net income of $4,147 million in FY22, and it was $3,826 million in FY21. | [
"CONSOLIDATED STATEMENTS OF CASH FLOWS LINDE PLC AND SUBSIDIARIES (Millions of dollars) Year Ended December 31, 2023 2022 2021 Increase (Decrease) in Cash and Cash Equivalents Operations Net income – Linde plc $ 6,199 $ 4,147 $ 3,826 Less: income from discontinued operations, net of tax and noncontrolling interests — — (5) Add: Noncontrolling interests from continuing operations 142 134 135 Income from continuing operations (including noncontrolling interests) $ 6,341 $ 4,281 $ 3,956 Adjustments to reconcile net income to net cash provided by operating activities: Other charges, net of payments (118) 902 98 Depreciation and amortization 3,816 4,204 4,635 Deferred income taxes (84) (383) (254) Share-based compensation 141 107 128 Non-cash charges and other 43 (49) (19) Working capital Accounts receivable (86) (423) (553) Contract assets and liabilities, net (168) 310 1,307 Inventory (127) (347) (129) Prepaid and other current assets 66 (157) 76 Payables and accruals (168) 307 447 Pension contributions (46) (51) (42) Long-term assets, liabilities and other (305) 163 75 Net cash provided by operating activities 9,305 8,864 9,725 Investing Capital expenditures (3,787) (3,173) (3,086) Acquisitions, net of cash acquired (953) (110) (88) Divestitures and asset sales, net of cash divested 70 195 167 Net cash used for investing activities (4,670) (3,088) (3,007) Financing Short-term debt borrowings (repayments) – net 554 3,050 (1,329) Long-term debt borrowings 2,188 3,210 2,283 Long-term debt repayments (1,682) (1,785) (1,468) Issuances of ordinary shares 33 36 50 Purchases of ordinary shares (3,958) (5,168) (4,612) Cash dividends – Linde plc shareholders (2,482) (2,344) (2,189) Noncontrolling interest transactions and other (53) (88) (323) Net cash used for financing activities (5,400) (3,089) (7,588) Effect of exchange rate changes on cash and cash equivalents (7) (74) (61) Change in cash and cash equivalents (772) 2,613 (931) Cash and cash equivalents, beginning-of-period 5,436 2,823 3,754 Cash and cash equivalents, end-of-period $ 4,664 $ 5,436 $ 2,823 Supplemental Data Income taxes paid $ 1,955 $ 1,735 $ 1,710 Interest paid, net of capitalized interest (Note 7) $ 451 $ 170 $ 233"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,223 | 0 |
How much did Linde PLC pay for interest during FY23? | Linde PLC paid $451 million for interest during FY23. | [
"CONSOLIDATED STATEMENTS OF CASH FLOWS LINDE PLC AND SUBSIDIARIES (Millions of dollars) Year Ended December 31, 2023 2022 2021 Increase (Decrease) in Cash and Cash Equivalents Operations Net income – Linde plc $ 6,199 $ 4,147 $ 3,826 Less: income from discontinued operations, net of tax and noncontrolling interests — — (5) Add: Noncontrolling interests from continuing operations 142 134 135 Income from continuing operations (including noncontrolling interests) $ 6,341 $ 4,281 $ 3,956 Adjustments to reconcile net income to net cash provided by operating activities: Other charges, net of payments (118) 902 98 Depreciation and amortization 3,816 4,204 4,635 Deferred income taxes (84) (383) (254) Share-based compensation 141 107 128 Non-cash charges and other 43 (49) (19) Working capital Accounts receivable (86) (423) (553) Contract assets and liabilities, net (168) 310 1,307 Inventory (127) (347) (129) Prepaid and other current assets 66 (157) 76 Payables and accruals (168) 307 447 Pension contributions (46) (51) (42) Long-term assets, liabilities and other (305) 163 75 Net cash provided by operating activities 9,305 8,864 9,725 Investing Capital expenditures (3,787) (3,173) (3,086) Acquisitions, net of cash acquired (953) (110) (88) Divestitures and asset sales, net of cash divested 70 195 167 Net cash used for investing activities (4,670) (3,088) (3,007) Financing Short-term debt borrowings (repayments) – net 554 3,050 (1,329) Long-term debt borrowings 2,188 3,210 2,283 Long-term debt repayments (1,682) (1,785) (1,468) Issuances of ordinary shares 33 36 50 Purchases of ordinary shares (3,958) (5,168) (4,612) Cash dividends – Linde plc shareholders (2,482) (2,344) (2,189) Noncontrolling interest transactions and other (53) (88) (323) Net cash used for financing activities (5,400) (3,089) (7,588) Effect of exchange rate changes on cash and cash equivalents (7) (74) (61) Change in cash and cash equivalents (772) 2,613 (931) Cash and cash equivalents, beginning-of-period 5,436 2,823 3,754 Cash and cash equivalents, end-of-period $ 4,664 $ 5,436 $ 2,823 Supplemental Data Income taxes paid $ 1,955 $ 1,735 $ 1,710 Interest paid, net of capitalized interest (Note 7) $ 451 $ 170 $ 233"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,224 | 0 |
What was the impact of accounts receivables on Linde PLC's operating cash flows in FY-2023, and was there any significant change compared to the previous year? | In FY23, Linde PLC's accounts receivables increased by $86 million. This marked an 80% reduction compared to the FY22 increase, which was $423 million. | [
"CONSOLIDATED STATEMENTS OF CASH FLOWS LINDE PLC AND SUBSIDIARIES (Millions of dollars) Year Ended December 31, 2023 2022 2021 Increase (Decrease) in Cash and Cash Equivalents Operations Net income – Linde plc $ 6,199 $ 4,147 $ 3,826 Less: income from discontinued operations, net of tax and noncontrolling interests — — (5) Add: Noncontrolling interests from continuing operations 142 134 135 Income from continuing operations (including noncontrolling interests) $ 6,341 $ 4,281 $ 3,956 Adjustments to reconcile net income to net cash provided by operating activities: Other charges, net of payments (118) 902 98 Depreciation and amortization 3,816 4,204 4,635 Deferred income taxes (84) (383) (254) Share-based compensation 141 107 128 Non-cash charges and other 43 (49) (19) Working capital Accounts receivable (86) (423) (553) Contract assets and liabilities, net (168) 310 1,307 Inventory (127) (347) (129) Prepaid and other current assets 66 (157) 76 Payables and accruals (168) 307 447 Pension contributions (46) (51) (42) Long-term assets, liabilities and other (305) 163 75 Net cash provided by operating activities 9,305 8,864 9,725 Investing Capital expenditures (3,787) (3,173) (3,086) Acquisitions, net of cash acquired (953) (110) (88) Divestitures and asset sales, net of cash divested 70 195 167 Net cash used for investing activities (4,670) (3,088) (3,007) Financing Short-term debt borrowings (repayments) – net 554 3,050 (1,329) Long-term debt borrowings 2,188 3,210 2,283 Long-term debt repayments (1,682) (1,785) (1,468) Issuances of ordinary shares 33 36 50 Purchases of ordinary shares (3,958) (5,168) (4,612) Cash dividends – Linde plc shareholders (2,482) (2,344) (2,189) Noncontrolling interest transactions and other (53) (88) (323) Net cash used for financing activities (5,400) (3,089) (7,588) Effect of exchange rate changes on cash and cash equivalents (7) (74) (61) Change in cash and cash equivalents (772) 2,613 (931) Cash and cash equivalents, beginning-of-period 5,436 2,823 3,754 Cash and cash equivalents, end-of-period $ 4,664 $ 5,436 $ 2,823 Supplemental Data Income taxes paid $ 1,955 $ 1,735 $ 1,710 Interest paid, net of capitalized interest (Note 7) $ 451 $ 170 $ 233"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,225 | 0 |
How did Linde PLC's operating cash flows compare with its net income in FY23? | In FY23, Linde PLC reported a net income of $6,199 million. Adjusting for non-cash transactions and changes in assets and liabilities, the cash flow from operations amounted to $9,305 million, indicating that Linde PLC's operating cash flows exceeded its net income. | [
"CONSOLIDATED STATEMENTS OF CASH FLOWS LINDE PLC AND SUBSIDIARIES (Millions of dollars) Year Ended December 31, 2023 2022 2021 Increase (Decrease) in Cash and Cash Equivalents Operations Net income – Linde plc $ 6,199 $ 4,147 $ 3,826 Less: income from discontinued operations, net of tax and noncontrolling interests — — (5) Add: Noncontrolling interests from continuing operations 142 134 135 Income from continuing operations (including noncontrolling interests) $ 6,341 $ 4,281 $ 3,956 Adjustments to reconcile net income to net cash provided by operating activities: Other charges, net of payments (118) 902 98 Depreciation and amortization 3,816 4,204 4,635 Deferred income taxes (84) (383) (254) Share-based compensation 141 107 128 Non-cash charges and other 43 (49) (19) Working capital Accounts receivable (86) (423) (553) Contract assets and liabilities, net (168) 310 1,307 Inventory (127) (347) (129) Prepaid and other current assets 66 (157) 76 Payables and accruals (168) 307 447 Pension contributions (46) (51) (42) Long-term assets, liabilities and other (305) 163 75 Net cash provided by operating activities 9,305 8,864 9,725 Investing Capital expenditures (3,787) (3,173) (3,086) Acquisitions, net of cash acquired (953) (110) (88) Divestitures and asset sales, net of cash divested 70 195 167 Net cash used for investing activities (4,670) (3,088) (3,007) Financing Short-term debt borrowings (repayments) – net 554 3,050 (1,329) Long-term debt borrowings 2,188 3,210 2,283 Long-term debt repayments (1,682) (1,785) (1,468) Issuances of ordinary shares 33 36 50 Purchases of ordinary shares (3,958) (5,168) (4,612) Cash dividends – Linde plc shareholders (2,482) (2,344) (2,189) Noncontrolling interest transactions and other (53) (88) (323) Net cash used for financing activities (5,400) (3,089) (7,588) Effect of exchange rate changes on cash and cash equivalents (7) (74) (61) Change in cash and cash equivalents (772) 2,613 (931) Cash and cash equivalents, beginning-of-period 5,436 2,823 3,754 Cash and cash equivalents, end-of-period $ 4,664 $ 5,436 $ 2,823 Supplemental Data Income taxes paid $ 1,955 $ 1,735 $ 1,710 Interest paid, net of capitalized interest (Note 7) $ 451 $ 170 $ 233"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,226 | 0 |
How did the cash flow from investing activities in FY23 compare to the previous period in Linde PLC's books? | In FY23, Linde PLC used $4,670 million in its investing activities, marking a significant increase of 51.2% compared to FY22 when the company spent $3,088 million. | [
"CONSOLIDATED STATEMENTS OF CASH FLOWS LINDE PLC AND SUBSIDIARIES (Millions of dollars) Year Ended December 31, 2023 2022 2021 Increase (Decrease) in Cash and Cash Equivalents Operations Net income – Linde plc $ 6,199 $ 4,147 $ 3,826 Less: income from discontinued operations, net of tax and noncontrolling interests — — (5) Add: Noncontrolling interests from continuing operations 142 134 135 Income from continuing operations (including noncontrolling interests) $ 6,341 $ 4,281 $ 3,956 Adjustments to reconcile net income to net cash provided by operating activities: Other charges, net of payments (118) 902 98 Depreciation and amortization 3,816 4,204 4,635 Deferred income taxes (84) (383) (254) Share-based compensation 141 107 128 Non-cash charges and other 43 (49) (19) Working capital Accounts receivable (86) (423) (553) Contract assets and liabilities, net (168) 310 1,307 Inventory (127) (347) (129) Prepaid and other current assets 66 (157) 76 Payables and accruals (168) 307 447 Pension contributions (46) (51) (42) Long-term assets, liabilities and other (305) 163 75 Net cash provided by operating activities 9,305 8,864 9,725 Investing Capital expenditures (3,787) (3,173) (3,086) Acquisitions, net of cash acquired (953) (110) (88) Divestitures and asset sales, net of cash divested 70 195 167 Net cash used for investing activities (4,670) (3,088) (3,007) Financing Short-term debt borrowings (repayments) – net 554 3,050 (1,329) Long-term debt borrowings 2,188 3,210 2,283 Long-term debt repayments (1,682) (1,785) (1,468) Issuances of ordinary shares 33 36 50 Purchases of ordinary shares (3,958) (5,168) (4,612) Cash dividends – Linde plc shareholders (2,482) (2,344) (2,189) Noncontrolling interest transactions and other (53) (88) (323) Net cash used for financing activities (5,400) (3,089) (7,588) Effect of exchange rate changes on cash and cash equivalents (7) (74) (61) Change in cash and cash equivalents (772) 2,613 (931) Cash and cash equivalents, beginning-of-period 5,436 2,823 3,754 Cash and cash equivalents, end-of-period $ 4,664 $ 5,436 $ 2,823 Supplemental Data Income taxes paid $ 1,955 $ 1,735 $ 1,710 Interest paid, net of capitalized interest (Note 7) $ 451 $ 170 $ 233"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,227 | 0 |
How much cash did Linde PLC use in its investing activities in FY-2023? | Linde PLC used $4,670 million cash in its investing activities during FY-2023. | [
"CONSOLIDATED STATEMENTS OF CASH FLOWS LINDE PLC AND SUBSIDIARIES (Millions of dollars) Year Ended December 31, 2023 2022 2021 Increase (Decrease) in Cash and Cash Equivalents Operations Net income – Linde plc $ 6,199 $ 4,147 $ 3,826 Less: income from discontinued operations, net of tax and noncontrolling interests — — (5) Add: Noncontrolling interests from continuing operations 142 134 135 Income from continuing operations (including noncontrolling interests) $ 6,341 $ 4,281 $ 3,956 Adjustments to reconcile net income to net cash provided by operating activities: Other charges, net of payments (118) 902 98 Depreciation and amortization 3,816 4,204 4,635 Deferred income taxes (84) (383) (254) Share-based compensation 141 107 128 Non-cash charges and other 43 (49) (19) Working capital Accounts receivable (86) (423) (553) Contract assets and liabilities, net (168) 310 1,307 Inventory (127) (347) (129) Prepaid and other current assets 66 (157) 76 Payables and accruals (168) 307 447 Pension contributions (46) (51) (42) Long-term assets, liabilities and other (305) 163 75 Net cash provided by operating activities 9,305 8,864 9,725 Investing Capital expenditures (3,787) (3,173) (3,086) Acquisitions, net of cash acquired (953) (110) (88) Divestitures and asset sales, net of cash divested 70 195 167 Net cash used for investing activities (4,670) (3,088) (3,007) Financing Short-term debt borrowings (repayments) – net 554 3,050 (1,329) Long-term debt borrowings 2,188 3,210 2,283 Long-term debt repayments (1,682) (1,785) (1,468) Issuances of ordinary shares 33 36 50 Purchases of ordinary shares (3,958) (5,168) (4,612) Cash dividends – Linde plc shareholders (2,482) (2,344) (2,189) Noncontrolling interest transactions and other (53) (88) (323) Net cash used for financing activities (5,400) (3,089) (7,588) Effect of exchange rate changes on cash and cash equivalents (7) (74) (61) Change in cash and cash equivalents (772) 2,613 (931) Cash and cash equivalents, beginning-of-period 5,436 2,823 3,754 Cash and cash equivalents, end-of-period $ 4,664 $ 5,436 $ 2,823 Supplemental Data Income taxes paid $ 1,955 $ 1,735 $ 1,710 Interest paid, net of capitalized interest (Note 7) $ 451 $ 170 $ 233"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,228 | 0 |
What was the cash flow from Linde PLC's financing activities in FY23, and what was the largest cash outflow during the year? | In FY23, Linde PLC utilized $5,400 million in cash for its financing activities. The largest cash outflow within this category was $3,958 million, attributed to the purchase of ordinary shares | [
"CONSOLIDATED STATEMENTS OF CASH FLOWS LINDE PLC AND SUBSIDIARIES (Millions of dollars) Year Ended December 31, 2023 2022 2021 Increase (Decrease) in Cash and Cash Equivalents Operations Net income – Linde plc $ 6,199 $ 4,147 $ 3,826 Less: income from discontinued operations, net of tax and noncontrolling interests — — (5) Add: Noncontrolling interests from continuing operations 142 134 135 Income from continuing operations (including noncontrolling interests) $ 6,341 $ 4,281 $ 3,956 Adjustments to reconcile net income to net cash provided by operating activities: Other charges, net of payments (118) 902 98 Depreciation and amortization 3,816 4,204 4,635 Deferred income taxes (84) (383) (254) Share-based compensation 141 107 128 Non-cash charges and other 43 (49) (19) Working capital Accounts receivable (86) (423) (553) Contract assets and liabilities, net (168) 310 1,307 Inventory (127) (347) (129) Prepaid and other current assets 66 (157) 76 Payables and accruals (168) 307 447 Pension contributions (46) (51) (42) Long-term assets, liabilities and other (305) 163 75 Net cash provided by operating activities 9,305 8,864 9,725 Investing Capital expenditures (3,787) (3,173) (3,086) Acquisitions, net of cash acquired (953) (110) (88) Divestitures and asset sales, net of cash divested 70 195 167 Net cash used for investing activities (4,670) (3,088) (3,007) Financing Short-term debt borrowings (repayments) – net 554 3,050 (1,329) Long-term debt borrowings 2,188 3,210 2,283 Long-term debt repayments (1,682) (1,785) (1,468) Issuances of ordinary shares 33 36 50 Purchases of ordinary shares (3,958) (5,168) (4,612) Cash dividends – Linde plc shareholders (2,482) (2,344) (2,189) Noncontrolling interest transactions and other (53) (88) (323) Net cash used for financing activities (5,400) (3,089) (7,588) Effect of exchange rate changes on cash and cash equivalents (7) (74) (61) Change in cash and cash equivalents (772) 2,613 (931) Cash and cash equivalents, beginning-of-period 5,436 2,823 3,754 Cash and cash equivalents, end-of-period $ 4,664 $ 5,436 $ 2,823 Supplemental Data Income taxes paid $ 1,955 $ 1,735 $ 1,710 Interest paid, net of capitalized interest (Note 7) $ 451 $ 170 $ 233"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,229 | 0 |
In FY23, what was Linde PLC's depreciation and amortization expense according to the cash flow statements, and was there a change from FY22? | According to Linde PLC's cash flow statements, the depreciation and amortization expense in FY23 amounted to $3,816 million, reflecting a 9.2% decrease from $4,204 million in FY22. | [
"CONSOLIDATED STATEMENTS OF CASH FLOWS LINDE PLC AND SUBSIDIARIES (Millions of dollars) Year Ended December 31, 2023 2022 2021 Increase (Decrease) in Cash and Cash Equivalents Operations Net income – Linde plc $ 6,199 $ 4,147 $ 3,826 Less: income from discontinued operations, net of tax and noncontrolling interests — — (5) Add: Noncontrolling interests from continuing operations 142 134 135 Income from continuing operations (including noncontrolling interests) $ 6,341 $ 4,281 $ 3,956 Adjustments to reconcile net income to net cash provided by operating activities: Other charges, net of payments (118) 902 98 Depreciation and amortization 3,816 4,204 4,635 Deferred income taxes (84) (383) (254) Share-based compensation 141 107 128 Non-cash charges and other 43 (49) (19) Working capital Accounts receivable (86) (423) (553) Contract assets and liabilities, net (168) 310 1,307 Inventory (127) (347) (129) Prepaid and other current assets 66 (157) 76 Payables and accruals (168) 307 447 Pension contributions (46) (51) (42) Long-term assets, liabilities and other (305) 163 75 Net cash provided by operating activities 9,305 8,864 9,725 Investing Capital expenditures (3,787) (3,173) (3,086) Acquisitions, net of cash acquired (953) (110) (88) Divestitures and asset sales, net of cash divested 70 195 167 Net cash used for investing activities (4,670) (3,088) (3,007) Financing Short-term debt borrowings (repayments) – net 554 3,050 (1,329) Long-term debt borrowings 2,188 3,210 2,283 Long-term debt repayments (1,682) (1,785) (1,468) Issuances of ordinary shares 33 36 50 Purchases of ordinary shares (3,958) (5,168) (4,612) Cash dividends – Linde plc shareholders (2,482) (2,344) (2,189) Noncontrolling interest transactions and other (53) (88) (323) Net cash used for financing activities (5,400) (3,089) (7,588) Effect of exchange rate changes on cash and cash equivalents (7) (74) (61) Change in cash and cash equivalents (772) 2,613 (931) Cash and cash equivalents, beginning-of-period 5,436 2,823 3,754 Cash and cash equivalents, end-of-period $ 4,664 $ 5,436 $ 2,823 Supplemental Data Income taxes paid $ 1,955 $ 1,735 $ 1,710 Interest paid, net of capitalized interest (Note 7) $ 451 $ 170 $ 233"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,230 | 0 |
How much did Linde PLC spend on capital expenditure during FY 2023? | Linde PLC spent $3,787 million on capital expenditure during FY 2023. | [
"CONSOLIDATED STATEMENTS OF CASH FLOWS LINDE PLC AND SUBSIDIARIES (Millions of dollars) Year Ended December 31, 2023 2022 2021 Increase (Decrease) in Cash and Cash Equivalents Operations Net income – Linde plc $ 6,199 $ 4,147 $ 3,826 Less: income from discontinued operations, net of tax and noncontrolling interests — — (5) Add: Noncontrolling interests from continuing operations 142 134 135 Income from continuing operations (including noncontrolling interests) $ 6,341 $ 4,281 $ 3,956 Adjustments to reconcile net income to net cash provided by operating activities: Other charges, net of payments (118) 902 98 Depreciation and amortization 3,816 4,204 4,635 Deferred income taxes (84) (383) (254) Share-based compensation 141 107 128 Non-cash charges and other 43 (49) (19) Working capital Accounts receivable (86) (423) (553) Contract assets and liabilities, net (168) 310 1,307 Inventory (127) (347) (129) Prepaid and other current assets 66 (157) 76 Payables and accruals (168) 307 447 Pension contributions (46) (51) (42) Long-term assets, liabilities and other (305) 163 75 Net cash provided by operating activities 9,305 8,864 9,725 Investing Capital expenditures (3,787) (3,173) (3,086) Acquisitions, net of cash acquired (953) (110) (88) Divestitures and asset sales, net of cash divested 70 195 167 Net cash used for investing activities (4,670) (3,088) (3,007) Financing Short-term debt borrowings (repayments) – net 554 3,050 (1,329) Long-term debt borrowings 2,188 3,210 2,283 Long-term debt repayments (1,682) (1,785) (1,468) Issuances of ordinary shares 33 36 50 Purchases of ordinary shares (3,958) (5,168) (4,612) Cash dividends – Linde plc shareholders (2,482) (2,344) (2,189) Noncontrolling interest transactions and other (53) (88) (323) Net cash used for financing activities (5,400) (3,089) (7,588) Effect of exchange rate changes on cash and cash equivalents (7) (74) (61) Change in cash and cash equivalents (772) 2,613 (931) Cash and cash equivalents, beginning-of-period 5,436 2,823 3,754 Cash and cash equivalents, end-of-period $ 4,664 $ 5,436 $ 2,823 Supplemental Data Income taxes paid $ 1,955 $ 1,735 $ 1,710 Interest paid, net of capitalized interest (Note 7) $ 451 $ 170 $ 233"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,231 | 0 |
Did Linde PLC earn significantly from other comprehensive income in FY-2023? | No, Linde PLC booked a loss of $35 million as other comprehensive loss in FY23 instead. | [
"CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) Year Ended December 31, 2023 2022 2021 NET INCOME (INCLUDING NONCONTROLLING INTERESTS) $ 6,341 $ 4,281 $ 3,961 OTHER COMPREHENSIVE INCOME (LOSS) Translation adjustments: Foreign currency translation adjustments 399 (1,725) (1,116) Reclassifications to net income — (110) (52) Income taxes 1 — (7) Translation adjustments 400 (1,835) (1,175) Funded status - retirement obligations (Note 16): Retirement program remeasurements (480) 1,349 826 Reclassifications to net income (14) 80 175 Income taxes 114 (359) (255) Funded status - retirement obligations (380) 1,070 746 Derivative instruments (Note 12): Current year unrealized gain (loss) (80) 107 140 Reclassifications to net income 13 (129) (49) Income taxes 12 9 (20) Derivative instruments (55) (13) 71 TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (35) (778) (358) COMPREHENSIVE INCOME (INCLUDING NONCONTROLLING INTERESTS) 6,306 3,503 3,603 Less: noncontrolling interests (130) (90) (135) COMPREHENSIVE INCOME - LINDE PLC $ 6,176 $ 3,413 $ 3,468"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,232 | 0 |
Does Linde PLC's Operating Income for FY-2023 include a portion of other income? | No, Linde PLC's Operating Income for FY-2023 includes an expense (loss) of $41 million from other income instead. | [
"CONSOLIDATED STATEMENTS OF INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data) Year Ended December 31, 2023 2022 2021 Sales $ 32,854 $ 33,364 $ 30,793 Cost of sales, exclusive of depreciation and amortization 17,492 19,450 17,543 Selling, general and administrative 3,295 3,107 3,189 Depreciation and amortization 3,816 4,204 4,635 Research and development 146 143 143 Other charges 40 1,029 273 Other income (expenses) – net (41) (62) (26) Operating Profit 8,024 5,369 4,984 Interest expense – net 200 63 77 Net pension and OPEB cost (benefit), excluding service cost (164) (237) (192) Income Before Income Taxes and Equity Investments 7,988 5,543 5,099 Income taxes 1,814 1,434 1,262 Income From Continuing Operations Before Equity Investments 6,174 4,109 3,837 Income from equity investments 167 172 119 Income From Continuing Operations (Including Noncontrolling Interests) 6,341 4,281 3,956 Income from discontinued operations, net of tax — — 5 Net Income (Including Noncontrolling Interests) 6,341 4,281 3,961 Less: noncontrolling interests from continuing operations (142) (134) (135) Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826 Net Income – Linde plc Income from continuing operations $ 6,199 $ 4,147 $ 3,821 Income from discontinued operations $ — $ — $ 5 Per Share Data – Linde plc Shareholders Basic earnings per share from continuing operations $ 12.70 $ 8.30 $ 7.39 Basic earnings per share from discontinued operations — — 0.01 Basic earnings per share $ 12.70 $ 8.30 $ 7.40 Diluted earnings per share from continuing operations $ 12.59 $ 8.23 $ 7.32 Diluted earnings per share from discontinued operations — — 0.01 Diluted earnings per share $ 12.59 $ 8.23 $ 7.33 Weighted Average Shares Outstanding (000’s): Basic shares outstanding 488,191 499,736 516,896 Diluted shares outstanding 492,290 504,038 521,875"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,233 | 0 |
Has Linde PLC's earnings per share (EPS) improved in FY23 compared to the previous period? | Yes, both the basic and diluted EPS of Linde PLC have significantly improved in FY23. The basic EPS increased from 8.30 to 12.70, while the diluted EPS increased from 8.23 to 12.59. | [
"CONSOLIDATED STATEMENTS OF INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data) Year Ended December 31, 2023 2022 2021 Sales $ 32,854 $ 33,364 $ 30,793 Cost of sales, exclusive of depreciation and amortization 17,492 19,450 17,543 Selling, general and administrative 3,295 3,107 3,189 Depreciation and amortization 3,816 4,204 4,635 Research and development 146 143 143 Other charges 40 1,029 273 Other income (expenses) – net (41) (62) (26) Operating Profit 8,024 5,369 4,984 Interest expense – net 200 63 77 Net pension and OPEB cost (benefit), excluding service cost (164) (237) (192) Income Before Income Taxes and Equity Investments 7,988 5,543 5,099 Income taxes 1,814 1,434 1,262 Income From Continuing Operations Before Equity Investments 6,174 4,109 3,837 Income from equity investments 167 172 119 Income From Continuing Operations (Including Noncontrolling Interests) 6,341 4,281 3,956 Income from discontinued operations, net of tax — — 5 Net Income (Including Noncontrolling Interests) 6,341 4,281 3,961 Less: noncontrolling interests from continuing operations (142) (134) (135) Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826 Net Income – Linde plc Income from continuing operations $ 6,199 $ 4,147 $ 3,821 Income from discontinued operations $ — $ — $ 5 Per Share Data – Linde plc Shareholders Basic earnings per share from continuing operations $ 12.70 $ 8.30 $ 7.39 Basic earnings per share from discontinued operations — — 0.01 Basic earnings per share $ 12.70 $ 8.30 $ 7.40 Diluted earnings per share from continuing operations $ 12.59 $ 8.23 $ 7.32 Diluted earnings per share from discontinued operations — — 0.01 Diluted earnings per share $ 12.59 $ 8.23 $ 7.33 Weighted Average Shares Outstanding (000’s): Basic shares outstanding 488,191 499,736 516,896 Diluted shares outstanding 492,290 504,038 521,875"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,234 | 0 |
What were Linde PLC's Selling general and Administrative (SG&A) expenses as a percentage of revenue in FY23, FY22, and FY21? | In FY23, FY22, and FY21, Linde PLC's SG&A expenses accounted for 10%, 9.3%, and 10.4% of revenue, respectively. | [
"CONSOLIDATED STATEMENTS OF INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data) Year Ended December 31, 2023 2022 2021 Sales $ 32,854 $ 33,364 $ 30,793 Cost of sales, exclusive of depreciation and amortization 17,492 19,450 17,543 Selling, general and administrative 3,295 3,107 3,189 Depreciation and amortization 3,816 4,204 4,635 Research and development 146 143 143 Other charges 40 1,029 273 Other income (expenses) – net (41) (62) (26) Operating Profit 8,024 5,369 4,984 Interest expense – net 200 63 77 Net pension and OPEB cost (benefit), excluding service cost (164) (237) (192) Income Before Income Taxes and Equity Investments 7,988 5,543 5,099 Income taxes 1,814 1,434 1,262 Income From Continuing Operations Before Equity Investments 6,174 4,109 3,837 Income from equity investments 167 172 119 Income From Continuing Operations (Including Noncontrolling Interests) 6,341 4,281 3,956 Income from discontinued operations, net of tax — — 5 Net Income (Including Noncontrolling Interests) 6,341 4,281 3,961 Less: noncontrolling interests from continuing operations (142) (134) (135) Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826 Net Income – Linde plc Income from continuing operations $ 6,199 $ 4,147 $ 3,821 Income from discontinued operations $ — $ — $ 5 Per Share Data – Linde plc Shareholders Basic earnings per share from continuing operations $ 12.70 $ 8.30 $ 7.39 Basic earnings per share from discontinued operations — — 0.01 Basic earnings per share $ 12.70 $ 8.30 $ 7.40 Diluted earnings per share from continuing operations $ 12.59 $ 8.23 $ 7.32 Diluted earnings per share from discontinued operations — — 0.01 Diluted earnings per share $ 12.59 $ 8.23 $ 7.33 Weighted Average Shares Outstanding (000’s): Basic shares outstanding 488,191 499,736 516,896 Diluted shares outstanding 492,290 504,038 521,875"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,235 | 0 |
How did Linde PLC's net income for fiscal year 2023 compare to the prior year? | In FY23, Linde PLC reported a net income of $6,341 million, which is significantly higher than the net income reported in FY22 ($4,281 million), representing an increase of 48.1%. | [
"CONSOLIDATED STATEMENTS OF INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data) Year Ended December 31, 2023 2022 2021 Sales $ 32,854 $ 33,364 $ 30,793 Cost of sales, exclusive of depreciation and amortization 17,492 19,450 17,543 Selling, general and administrative 3,295 3,107 3,189 Depreciation and amortization 3,816 4,204 4,635 Research and development 146 143 143 Other charges 40 1,029 273 Other income (expenses) – net (41) (62) (26) Operating Profit 8,024 5,369 4,984 Interest expense – net 200 63 77 Net pension and OPEB cost (benefit), excluding service cost (164) (237) (192) Income Before Income Taxes and Equity Investments 7,988 5,543 5,099 Income taxes 1,814 1,434 1,262 Income From Continuing Operations Before Equity Investments 6,174 4,109 3,837 Income from equity investments 167 172 119 Income From Continuing Operations (Including Noncontrolling Interests) 6,341 4,281 3,956 Income from discontinued operations, net of tax — — 5 Net Income (Including Noncontrolling Interests) 6,341 4,281 3,961 Less: noncontrolling interests from continuing operations (142) (134) (135) Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826 Net Income – Linde plc Income from continuing operations $ 6,199 $ 4,147 $ 3,821 Income from discontinued operations $ — $ — $ 5 Per Share Data – Linde plc Shareholders Basic earnings per share from continuing operations $ 12.70 $ 8.30 $ 7.39 Basic earnings per share from discontinued operations — — 0.01 Basic earnings per share $ 12.70 $ 8.30 $ 7.40 Diluted earnings per share from continuing operations $ 12.59 $ 8.23 $ 7.32 Diluted earnings per share from discontinued operations — — 0.01 Diluted earnings per share $ 12.59 $ 8.23 $ 7.33 Weighted Average Shares Outstanding (000’s): Basic shares outstanding 488,191 499,736 516,896 Diluted shares outstanding 492,290 504,038 521,875"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,236 | 0 |
How did Linde PLC's operating income compare to its net income in FY23? | In FY23, Linde PLC reported an operating income of $8,024 million and a net income of $6,341 million. The variance between these two figures is primarily attributed to income tax expense ($1,814 million). | [
"CONSOLIDATED STATEMENTS OF INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data) Year Ended December 31, 2023 2022 2021 Sales $ 32,854 $ 33,364 $ 30,793 Cost of sales, exclusive of depreciation and amortization 17,492 19,450 17,543 Selling, general and administrative 3,295 3,107 3,189 Depreciation and amortization 3,816 4,204 4,635 Research and development 146 143 143 Other charges 40 1,029 273 Other income (expenses) – net (41) (62) (26) Operating Profit 8,024 5,369 4,984 Interest expense – net 200 63 77 Net pension and OPEB cost (benefit), excluding service cost (164) (237) (192) Income Before Income Taxes and Equity Investments 7,988 5,543 5,099 Income taxes 1,814 1,434 1,262 Income From Continuing Operations Before Equity Investments 6,174 4,109 3,837 Income from equity investments 167 172 119 Income From Continuing Operations (Including Noncontrolling Interests) 6,341 4,281 3,956 Income from discontinued operations, net of tax — — 5 Net Income (Including Noncontrolling Interests) 6,341 4,281 3,961 Less: noncontrolling interests from continuing operations (142) (134) (135) Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826 Net Income – Linde plc Income from continuing operations $ 6,199 $ 4,147 $ 3,821 Income from discontinued operations $ — $ — $ 5 Per Share Data – Linde plc Shareholders Basic earnings per share from continuing operations $ 12.70 $ 8.30 $ 7.39 Basic earnings per share from discontinued operations — — 0.01 Basic earnings per share $ 12.70 $ 8.30 $ 7.40 Diluted earnings per share from continuing operations $ 12.59 $ 8.23 $ 7.32 Diluted earnings per share from discontinued operations — — 0.01 Diluted earnings per share $ 12.59 $ 8.23 $ 7.33 Weighted Average Shares Outstanding (000’s): Basic shares outstanding 488,191 499,736 516,896 Diluted shares outstanding 492,290 504,038 521,875"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,237 | 0 |
How has Linde PLC's Interest expense changed in FY23 from the previous year? | In FY23, Linde PLC's Interest expense amounted to $200 million, reflecting a 217% increase compared to the previous year's expense of just $63 million. | [
"CONSOLIDATED STATEMENTS OF INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data) Year Ended December 31, 2023 2022 2021 Sales $ 32,854 $ 33,364 $ 30,793 Cost of sales, exclusive of depreciation and amortization 17,492 19,450 17,543 Selling, general and administrative 3,295 3,107 3,189 Depreciation and amortization 3,816 4,204 4,635 Research and development 146 143 143 Other charges 40 1,029 273 Other income (expenses) – net (41) (62) (26) Operating Profit 8,024 5,369 4,984 Interest expense – net 200 63 77 Net pension and OPEB cost (benefit), excluding service cost (164) (237) (192) Income Before Income Taxes and Equity Investments 7,988 5,543 5,099 Income taxes 1,814 1,434 1,262 Income From Continuing Operations Before Equity Investments 6,174 4,109 3,837 Income from equity investments 167 172 119 Income From Continuing Operations (Including Noncontrolling Interests) 6,341 4,281 3,956 Income from discontinued operations, net of tax — — 5 Net Income (Including Noncontrolling Interests) 6,341 4,281 3,961 Less: noncontrolling interests from continuing operations (142) (134) (135) Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826 Net Income – Linde plc Income from continuing operations $ 6,199 $ 4,147 $ 3,821 Income from discontinued operations $ — $ — $ 5 Per Share Data – Linde plc Shareholders Basic earnings per share from continuing operations $ 12.70 $ 8.30 $ 7.39 Basic earnings per share from discontinued operations — — 0.01 Basic earnings per share $ 12.70 $ 8.30 $ 7.40 Diluted earnings per share from continuing operations $ 12.59 $ 8.23 $ 7.32 Diluted earnings per share from discontinued operations — — 0.01 Diluted earnings per share $ 12.59 $ 8.23 $ 7.33 Weighted Average Shares Outstanding (000’s): Basic shares outstanding 488,191 499,736 516,896 Diluted shares outstanding 492,290 504,038 521,875"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,238 | 0 |
How did the interest coverage ratio change in FY23 as compared to FY22? | In FY23, Linde PLC's interest coverage ratio decreased to 85.2 from 40.12 in FY22. | [
"CONSOLIDATED STATEMENTS OF INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data) Year Ended December 31, 2023 2022 2021 Sales $ 32,854 $ 33,364 $ 30,793 Cost of sales, exclusive of depreciation and amortization 17,492 19,450 17,543 Selling, general and administrative 3,295 3,107 3,189 Depreciation and amortization 3,816 4,204 4,635 Research and development 146 143 143 Other charges 40 1,029 273 Other income (expenses) – net (41) (62) (26) Operating Profit 8,024 5,369 4,984 Interest expense – net 200 63 77 Net pension and OPEB cost (benefit), excluding service cost (164) (237) (192) Income Before Income Taxes and Equity Investments 7,988 5,543 5,099 Income taxes 1,814 1,434 1,262 Income From Continuing Operations Before Equity Investments 6,174 4,109 3,837 Income from equity investments 167 172 119 Income From Continuing Operations (Including Noncontrolling Interests) 6,341 4,281 3,956 Income from discontinued operations, net of tax — — 5 Net Income (Including Noncontrolling Interests) 6,341 4,281 3,961 Less: noncontrolling interests from continuing operations (142) (134) (135) Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826 Net Income – Linde plc Income from continuing operations $ 6,199 $ 4,147 $ 3,821 Income from discontinued operations $ — $ — $ 5 Per Share Data – Linde plc Shareholders Basic earnings per share from continuing operations $ 12.70 $ 8.30 $ 7.39 Basic earnings per share from discontinued operations — — 0.01 Basic earnings per share $ 12.70 $ 8.30 $ 7.40 Diluted earnings per share from continuing operations $ 12.59 $ 8.23 $ 7.32 Diluted earnings per share from discontinued operations — — 0.01 Diluted earnings per share $ 12.59 $ 8.23 $ 7.33 Weighted Average Shares Outstanding (000’s): Basic shares outstanding 488,191 499,736 516,896 Diluted shares outstanding 492,290 504,038 521,875"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,239 | 0 |
How much did Linde PLC spend on Research and Development in FY23, and was there any significant movement compared to the previous year? | In FY23, Linde PLC spent $146 million on research and development, which is almost similar to FY22's $143 million, representing an increase of just 2.1%. | [
"CONSOLIDATED STATEMENTS OF INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data) Year Ended December 31, 2023 2022 2021 Sales $ 32,854 $ 33,364 $ 30,793 Cost of sales, exclusive of depreciation and amortization 17,492 19,450 17,543 Selling, general and administrative 3,295 3,107 3,189 Depreciation and amortization 3,816 4,204 4,635 Research and development 146 143 143 Other charges 40 1,029 273 Other income (expenses) – net (41) (62) (26) Operating Profit 8,024 5,369 4,984 Interest expense – net 200 63 77 Net pension and OPEB cost (benefit), excluding service cost (164) (237) (192) Income Before Income Taxes and Equity Investments 7,988 5,543 5,099 Income taxes 1,814 1,434 1,262 Income From Continuing Operations Before Equity Investments 6,174 4,109 3,837 Income from equity investments 167 172 119 Income From Continuing Operations (Including Noncontrolling Interests) 6,341 4,281 3,956 Income from discontinued operations, net of tax — — 5 Net Income (Including Noncontrolling Interests) 6,341 4,281 3,961 Less: noncontrolling interests from continuing operations (142) (134) (135) Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826 Net Income – Linde plc Income from continuing operations $ 6,199 $ 4,147 $ 3,821 Income from discontinued operations $ — $ — $ 5 Per Share Data – Linde plc Shareholders Basic earnings per share from continuing operations $ 12.70 $ 8.30 $ 7.39 Basic earnings per share from discontinued operations — — 0.01 Basic earnings per share $ 12.70 $ 8.30 $ 7.40 Diluted earnings per share from continuing operations $ 12.59 $ 8.23 $ 7.32 Diluted earnings per share from discontinued operations — — 0.01 Diluted earnings per share $ 12.59 $ 8.23 $ 7.33 Weighted Average Shares Outstanding (000’s): Basic shares outstanding 488,191 499,736 516,896 Diluted shares outstanding 492,290 504,038 521,875"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,240 | 0 |
How much Operating Profit did Linde PLC earn in FY23 and FY22? | Linde PLC earned an operating profit of $8,024 million in FY23 and $5,369 in FY22. | [
"CONSOLIDATED STATEMENTS OF INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data) Year Ended December 31, 2023 2022 2021 Sales $ 32,854 $ 33,364 $ 30,793 Cost of sales, exclusive of depreciation and amortization 17,492 19,450 17,543 Selling, general and administrative 3,295 3,107 3,189 Depreciation and amortization 3,816 4,204 4,635 Research and development 146 143 143 Other charges 40 1,029 273 Other income (expenses) – net (41) (62) (26) Operating Profit 8,024 5,369 4,984 Interest expense – net 200 63 77 Net pension and OPEB cost (benefit), excluding service cost (164) (237) (192) Income Before Income Taxes and Equity Investments 7,988 5,543 5,099 Income taxes 1,814 1,434 1,262 Income From Continuing Operations Before Equity Investments 6,174 4,109 3,837 Income from equity investments 167 172 119 Income From Continuing Operations (Including Noncontrolling Interests) 6,341 4,281 3,956 Income from discontinued operations, net of tax — — 5 Net Income (Including Noncontrolling Interests) 6,341 4,281 3,961 Less: noncontrolling interests from continuing operations (142) (134) (135) Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826 Net Income – Linde plc Income from continuing operations $ 6,199 $ 4,147 $ 3,821 Income from discontinued operations $ — $ — $ 5 Per Share Data – Linde plc Shareholders Basic earnings per share from continuing operations $ 12.70 $ 8.30 $ 7.39 Basic earnings per share from discontinued operations — — 0.01 Basic earnings per share $ 12.70 $ 8.30 $ 7.40 Diluted earnings per share from continuing operations $ 12.59 $ 8.23 $ 7.32 Diluted earnings per share from discontinued operations — — 0.01 Diluted earnings per share $ 12.59 $ 8.23 $ 7.33 Weighted Average Shares Outstanding (000’s): Basic shares outstanding 488,191 499,736 516,896 Diluted shares outstanding 492,290 504,038 521,875"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,241 | 0 |
How much has Linde PLC's Operating margin moved in FY22 and FY23? | In FY23, Linde PLC's operating margin stood at 24.4%, indicating an 8.4% increase from FY22's 16%. The margin remained largely the same between FY21 and FY22. Over the three-year period, the operating margin has improved by about 8%. | [
"CONSOLIDATED STATEMENTS OF INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data) Year Ended December 31, 2023 2022 2021 Sales $ 32,854 $ 33,364 $ 30,793 Cost of sales, exclusive of depreciation and amortization 17,492 19,450 17,543 Selling, general and administrative 3,295 3,107 3,189 Depreciation and amortization 3,816 4,204 4,635 Research and development 146 143 143 Other charges 40 1,029 273 Other income (expenses) – net (41) (62) (26) Operating Profit 8,024 5,369 4,984 Interest expense – net 200 63 77 Net pension and OPEB cost (benefit), excluding service cost (164) (237) (192) Income Before Income Taxes and Equity Investments 7,988 5,543 5,099 Income taxes 1,814 1,434 1,262 Income From Continuing Operations Before Equity Investments 6,174 4,109 3,837 Income from equity investments 167 172 119 Income From Continuing Operations (Including Noncontrolling Interests) 6,341 4,281 3,956 Income from discontinued operations, net of tax — — 5 Net Income (Including Noncontrolling Interests) 6,341 4,281 3,961 Less: noncontrolling interests from continuing operations (142) (134) (135) Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826 Net Income – Linde plc Income from continuing operations $ 6,199 $ 4,147 $ 3,821 Income from discontinued operations $ — $ — $ 5 Per Share Data – Linde plc Shareholders Basic earnings per share from continuing operations $ 12.70 $ 8.30 $ 7.39 Basic earnings per share from discontinued operations — — 0.01 Basic earnings per share $ 12.70 $ 8.30 $ 7.40 Diluted earnings per share from continuing operations $ 12.59 $ 8.23 $ 7.32 Diluted earnings per share from discontinued operations — — 0.01 Diluted earnings per share $ 12.59 $ 8.23 $ 7.33 Weighted Average Shares Outstanding (000’s): Basic shares outstanding 488,191 499,736 516,896 Diluted shares outstanding 492,290 504,038 521,875"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,242 | 0 |
Did Linde PLC have any foreign exchange adjustments that impacted its net income for FY23, affecting total comprehensive income? | Yes, in FY23, Linde PLC reported a net income of $6,341 million. Additionally, there was a foreign currency translation adjustment of $399 million, which contributed to an increase in total comprehensive income. | [
"CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions) Year Ended December 31, 2023 2022 2021 NET INCOME (INCLUDING NONCONTROLLING INTERESTS) $ 6,341 $ 4,281 $ 3,961 OTHER COMPREHENSIVE INCOME (LOSS) Translation adjustments: Foreign currency translation adjustments 399 (1,725) (1,116) Reclassifications to net income — (110) (52) Income taxes 1 — (7) Translation adjustments 400 (1,835) (1,175) Funded status - retirement obligations (Note 16): Retirement program remeasurements (480) 1,349 826 Reclassifications to net income (14) 80 175 Income taxes 114 (359) (255) Funded status - retirement obligations (380) 1,070 746 Derivative instruments (Note 12): Current year unrealized gain (loss) (80) 107 140 Reclassifications to net income 13 (129) (49) Income taxes 12 9 (20) Derivative instruments (55) (13) 71 TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (35) (778) (358) COMPREHENSIVE INCOME (INCLUDING NONCONTROLLING INTERESTS) 6,306 3,503 3,603 Less: noncontrolling interests (130) (90) (135) COMPREHENSIVE INCOME - LINDE PLC $ 6,176 $ 3,413 $ 3,468"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,243 | 0 |
What was the amount of Linde PLC's retained earnings at the end of FY23? | By the end of FY23, Linde PLC's retained earnings stood at $8,845 million. | [
"CONSOLIDATED STATEMENTS OF EQUITY LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data, shares in thousands) Linde plc Shareholders’ Equity Ordinary shares Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) (Note 7) Treasury Stock Linde plc Shareholders’ Equity Noncontrolling Activity Shares Amounts Shares Amounts Interests Total Equity Balance, December 31, 2020 552,013 $ 1 $ 40,202 $ 17,178 $ (4,690) 28,718 $ (5,374) $ 47,317 $ 2,252 $ 49,569 Net Income available for Linde plc shareholders 3,826 3,826 135 3,961 Other comprehensive income (loss) (358) (358) — (358) Noncontrolling interests: Dividends and other capital reductions — (118) (118) Additions (Reductions) — (876) (876) Dividends ($4.24 per ordinary share) (2,189) (2,189) (2,189) Issuances of ordinary shares: For employee savings and incentive plans (150) (105) (1,026) 209 (46) (46) Purchases of ordinary shares 15,640 (4,643) (4,643) (4,643) Share-based compensation 128 128 128 Balance, December 31, 2021 552,013 $ 1 $ 40,180 $ 18,710 $ (5,048) 43,332 $ (9,808) $ 44,035 $ 1,393 $ 45,428 Net Income available for Linde plc shareholders 4,147 4,147 134 4,281 Other comprehensive income (loss) (734) (734) (44) (778) Noncontrolling interests: Dividends and other capital reductions — (81) (81) Additions (Reductions) - (Note 14) — (56) (56) Dividends ($4.68 per ordinary share) (2,344) (2,344) (2,344) Issuances of ordinary shares: For employee savings and incentive plans (282) 28 (811) 198 (56) (56) Purchases of ordinary shares 17,034 (5,127) (5,127) (5,127) Share-based compensation 107 107 107 Balance, December 31, 2022 552,013 $ 1 $ 40,005 $ 20,541 $ (5,782) 59,555 $ (14,737) $ 40,028 $ 1,346 $ 41,374 Net Income available for Linde plc shareholders 6,199 6,199 142 6,341 Other comprehensive income (loss) (23) (23) (12) (35) Noncontrolling interests: Dividends and other capital reductions — (113) (113) Additions (Reductions) (12) (12) (1) (13) Dividends ($5.10 per common share) (2,482) (2,482) (2,482) Issuances of ordinary shares: For employee savings and incentive plans (322) (113) (924) 307 (128) (128) Purchases of ordinary shares 10,937 (4,003) (4,003) (4,003) Share-based compensation 141 141 141 Intercompany reorganization (Note 14) (61,246) (15,300) (61,246) 15,300 — Balance, December 31, 2023 490,767 $ 1 $ 39,812 $ 8,845 $ (5,805) 8,322 $ (3,133) $ 39,720 $ 1,362 $ 41,082"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,244 | 0 |
What was Linde PLC's income tax expense for FY-2023? | In FY23, Linde PLC's income tax expense was $1,814 million. | [
"CONSOLIDATED STATEMENTS OF INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data) Year Ended December 31, 2023 2022 2021 Sales $ 32,854 $ 33,364 $ 30,793 Cost of sales, exclusive of depreciation and amortization 17,492 19,450 17,543 Selling, general and administrative 3,295 3,107 3,189 Depreciation and amortization 3,816 4,204 4,635 Research and development 146 143 143 Other charges 40 1,029 273 Other income (expenses) – net (41) (62) (26) Operating Profit 8,024 5,369 4,984 Interest expense – net 200 63 77 Net pension and OPEB cost (benefit), excluding service cost (164) (237) (192) Income Before Income Taxes and Equity Investments 7,988 5,543 5,099 Income taxes 1,814 1,434 1,262 Income From Continuing Operations Before Equity Investments 6,174 4,109 3,837 Income from equity investments 167 172 119 Income From Continuing Operations (Including Noncontrolling Interests) 6,341 4,281 3,956 Income from discontinued operations, net of tax — — 5 Net Income (Including Noncontrolling Interests) 6,341 4,281 3,961 Less: noncontrolling interests from continuing operations (142) (134) (135) Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826 Net Income – Linde plc Income from continuing operations $ 6,199 $ 4,147 $ 3,821 Income from discontinued operations $ — $ — $ 5 Per Share Data – Linde plc Shareholders Basic earnings per share from continuing operations $ 12.70 $ 8.30 $ 7.39 Basic earnings per share from discontinued operations — — 0.01 Basic earnings per share $ 12.70 $ 8.30 $ 7.40 Diluted earnings per share from continuing operations $ 12.59 $ 8.23 $ 7.32 Diluted earnings per share from discontinued operations — — 0.01 Diluted earnings per share $ 12.59 $ 8.23 $ 7.33 Weighted Average Shares Outstanding (000’s): Basic shares outstanding 488,191 499,736 516,896 Diluted shares outstanding 492,290 504,038 521,875"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,245 | 0 |
What was the number of shares used while calculating basic and diluted EPS for FY23? | For FY23, the Weighted average number of shares used for basic and diluted EPS calculation was 488.2 million (basic), and 492.3 million (diluted). | [
"CONSOLIDATED STATEMENTS OF INCOME LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data) Year Ended December 31, 2023 2022 2021 Sales $ 32,854 $ 33,364 $ 30,793 Cost of sales, exclusive of depreciation and amortization 17,492 19,450 17,543 Selling, general and administrative 3,295 3,107 3,189 Depreciation and amortization 3,816 4,204 4,635 Research and development 146 143 143 Other charges 40 1,029 273 Other income (expenses) – net (41) (62) (26) Operating Profit 8,024 5,369 4,984 Interest expense – net 200 63 77 Net pension and OPEB cost (benefit), excluding service cost (164) (237) (192) Income Before Income Taxes and Equity Investments 7,988 5,543 5,099 Income taxes 1,814 1,434 1,262 Income From Continuing Operations Before Equity Investments 6,174 4,109 3,837 Income from equity investments 167 172 119 Income From Continuing Operations (Including Noncontrolling Interests) 6,341 4,281 3,956 Income from discontinued operations, net of tax — — 5 Net Income (Including Noncontrolling Interests) 6,341 4,281 3,961 Less: noncontrolling interests from continuing operations (142) (134) (135) Net Income – Linde plc $ 6,199 $ 4,147 $ 3,826 Net Income – Linde plc Income from continuing operations $ 6,199 $ 4,147 $ 3,821 Income from discontinued operations $ — $ — $ 5 Per Share Data – Linde plc Shareholders Basic earnings per share from continuing operations $ 12.70 $ 8.30 $ 7.39 Basic earnings per share from discontinued operations — — 0.01 Basic earnings per share $ 12.70 $ 8.30 $ 7.40 Diluted earnings per share from continuing operations $ 12.59 $ 8.23 $ 7.32 Diluted earnings per share from discontinued operations — — 0.01 Diluted earnings per share $ 12.59 $ 8.23 $ 7.33 Weighted Average Shares Outstanding (000’s): Basic shares outstanding 488,191 499,736 516,896 Diluted shares outstanding 492,290 504,038 521,875"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,246 | 0 |
How much severance cost did Linde PLC book for the EMEA segment during FY21? | As of FY21, Linde PLC booked $204 million as severance costs for the EMEA segment. | [
"The following table provides a summary of the pre-tax charges by reportable segment for the year ended December 31, 2021: Year Ended December 31, 2021 (millions of dollars) Severance costs Other cost reduction charges Total cost reduction program related charges Merger related and other charges Total Americas $ 4 $ 2 $ 6 $ (6) $ — EMEA 204 33 237 1 238 APAC 16 12 28 (50) (22) Engineering 20 6 26 — 26 Other 15 26 41 (10) 31 Total $ 259 $ 79 $ 338 $ (65) $ 273"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,247 | 0 |
What was the effective tax rate of Linde PLC in FY23? | In FY23, Linde PLC's effective tax rate was 22.7%. | [
"CONSOLIDATED RESULTS AND OTHER INFORMATION The discussion that follows includes a comparison of our results of operations and liquidity and capital resources for the years ended December 31, 2023 and 2022. For the discussion comparing the years ended December 31, 2022 and 2021, refer to Part II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, of our Form 10-K for the year ended December 31, 2022. The following table provides summary information for 2023 and 2022. The reported amounts are GAAP amounts from the Consolidated Statements of Income. The adjusted amounts are intended to supplement investors' understanding of the company's financial information and are not a substitute for GAAP measures. (Millions of dollars, except per share data) Year Ended December 31, 2023 2022 Variance Reported Amounts Sales $ 32,854 $ 33,364 (2)% Cost of sales, exclusive of depreciation and amortization $ 17,492 $ 19,450 (10)% As a percent of sales 53.2 % 58.3 % Selling, general and administrative $ 3,295 $ 3,107 6 % As a percent of sales 10.0 % 9.3 % Depreciation and amortization $ 3,816 $ 4,204 (9)% Other charges (a) $ 40 $ 1,029 — Operating Profit $ 8,024 $ 5,369 49 % Operating margin 24.4 % 16.1 % Interest expense – net $ 200 $ 63 217 % Net pension and OPEB cost (benefit), excluding service cost $ (164) $ (237) (31)% Effective tax rate 22.7 % 25.9 % Income from equity investments $ 167 $ 172 (3)% Noncontrolling interests $ (142) $ (134) 6 % Net Income - Linde plc $ 6,199 $ 4,147 49 % Diluted earnings per share $ 12.59 $ 8.23 53 % Diluted shares outstanding 492,290 504,038 (2)% Number of employees 66,323 65,010 2 % Adjusted Amounts (b) Operating profit $ 9,070 $ 7,904 15 % Operating margin 27.6 % 23.7 % Net Income - Linde plc $ 6,989 $ 6,195 13 % Diluted earnings per share $ 14.20 $ 12.29 16 % Other Financial Data (b) EBITDA $ 12,007 $ 9,745 23 % As percent of sales 36.5 % 29.2 % Adjusted EBITDA $ 12,133 $ 10,873 12 % As percent of sales 36.9 % 32.6 %"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,248 | 0 |
How much dividend did Linde PLC pay out during FY23? | During FY23, Linde PLC paid out $2,482 million in dividends to its shareholders. | [
"CONSOLIDATED STATEMENTS OF EQUITY LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data, shares in thousands) Linde plc Shareholders’ Equity Ordinary shares Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) (Note 7) Treasury Stock Linde plc Shareholders’ Equity Noncontrolling Activity Shares Amounts Shares Amounts Interests Total Equity Balance, December 31, 2020 552,013 $ 1 $ 40,202 $ 17,178 $ (4,690) 28,718 $ (5,374) $ 47,317 $ 2,252 $ 49,569 Net Income available for Linde plc shareholders 3,826 3,826 135 3,961 Other comprehensive income (loss) (358) (358) — (358) Noncontrolling interests: Dividends and other capital reductions — (118) (118) Additions (Reductions) — (876) (876) Dividends ($4.24 per ordinary share) (2,189) (2,189) (2,189) Issuances of ordinary shares: For employee savings and incentive plans (150) (105) (1,026) 209 (46) (46) Purchases of ordinary shares 15,640 (4,643) (4,643) (4,643) Share-based compensation 128 128 128 Balance, December 31, 2021 552,013 $ 1 $ 40,180 $ 18,710 $ (5,048) 43,332 $ (9,808) $ 44,035 $ 1,393 $ 45,428 Net Income available for Linde plc shareholders 4,147 4,147 134 4,281 Other comprehensive income (loss) (734) (734) (44) (778) Noncontrolling interests: Dividends and other capital reductions — (81) (81) Additions (Reductions) - (Note 14) — (56) (56) Dividends ($4.68 per ordinary share) (2,344) (2,344) (2,344) Issuances of ordinary shares: For employee savings and incentive plans (282) 28 (811) 198 (56) (56) Purchases of ordinary shares 17,034 (5,127) (5,127) (5,127) Share-based compensation 107 107 107 Balance, December 31, 2022 552,013 $ 1 $ 40,005 $ 20,541 $ (5,782) 59,555 $ (14,737) $ 40,028 $ 1,346 $ 41,374 Net Income available for Linde plc shareholders 6,199 6,199 142 6,341 Other comprehensive income (loss) (23) (23) (12) (35) Noncontrolling interests: Dividends and other capital reductions — (113) (113) Additions (Reductions) (12) (12) (1) (13) Dividends ($5.10 per common share) (2,482) (2,482) (2,482) Issuances of ordinary shares: For employee savings and incentive plans (322) (113) (924) 307 (128) (128) Purchases of ordinary shares 10,937 (4,003) (4,003) (4,003) Share-based compensation 141 141 141 Intercompany reorganization (Note 14) (61,246) (15,300) (61,246) 15,300 — Balance, December 31, 2023 490,767 $ 1 $ 39,812 $ 8,845 $ (5,805) 8,322 $ (3,133) $ 39,720 $ 1,362 $ 41,082"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,249 | 0 |
What was the balance of Linde PLC's operating lease Right-of-use assets (ROUA) at the end of FY23, and was there any major movement from the previous year? | As of FY23, Linde PLC's operating lease ROUA was recorded at $759 million, representing a slight increase of 4.1% compared to the previous year. | [
"Supplemental balance sheet information related to leases is as follows: (Millions of dollars) December 31, 2023 December 31, 2022 Operating Leases Operating lease right-of-use assets $ 759 $ 726 Other current liabilities 177 181 Other long-term liabilities 572 540 Total operating lease liabilities 749 721 Finance Leases Finance lease right-of-use assets 179 146 Other current liabilities 50 42 Other long-term liabilities 143 114 Total finance lease liabilities $ 193 $ 156"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,250 | 0 |
How much revenue did Linde PLC earn from the Engineering segment during FY-2023? | Linde PLC earned a revenue of $2,160 million from the Engineering segment during FY-2023. | [
"The table below presents sales and operating profit information about reportable segments and Other for the years ended December 31, 2023 and 2022. (Millions of dollars) Year Ended December 31, 2023 2022 Variance Sales Americas $ 14,304 $ 13,874 3 % EMEA 8,542 8,443 1 % APAC 6,559 6,480 1 % Engineering 2,160 2,762 (22)% Other 1,289 1,805 (29)% Total sales $ 32,854 $ 33,364 (2)% Operating Profit Americas $ 4,244 $ 3,732 14 % EMEA 2,486 2,013 23 % APAC 1,806 1,670 8 % Engineering 491 555 (12)% Other 43 (66) 165 % Segment operating profit 9,070 7,904 15 % Reconciliation to reported operating profit : Other charges (Note 3) (40) (1,029) Purchase accounting impacts - Linde AG (1,006) (1,506) Total operating profit $ 8,024 $ 5,369"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,251 | 0 |
As of FY23, was there any deferred tax liability related to goodwill in the books of Linde PLC? | Yes, as of FY23, Linde PLC had a deferred tax liability related to goodwill valued at $215 million. | [
"Net Deferred Tax Liabilities Net deferred tax liabilities included in the consolidated balance sheets are comprised of the following: (Millions of dollars) December 31, 2023 2022 Deferred tax liabilities Fixed assets $ 2,686 $ 2,775 Goodwill 215 173 Other intangible assets 2,872 2,939 Subsidiary/equity investments 586 545 Other (a) 456 471 $ 6,815 $ 6,903 Deferred tax assets Carryforwards $ 285 $ 289 Benefit plans and related (b)(c) 243 165 Inventory 82 68 Accruals and other (d) 858 1,001 $ 1,468 $ 1,523 Less: Valuation allowances (e) (176) (276) $ 1,292 $ 1,247 Net deferred tax liabilities $ 5,523 $ 5,656 Recorded in the consolidated balance sheets as (Note 7): Other long-term assets 226 230 Deferred credits 5,749 5,886 $ 5,523 $ 5,656"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,252 | 0 |
Which segment contributed the most to the operating profit of Linde PLC in FY23? | In FY23, the Americas segment contributed the most to the total operating profit, accounting for about 47%, amounting to $4,244 million, while the total operating profit was $32,854 million. | [
"The table below presents sales and operating profit information about reportable segments and Other for the years ended December 31, 2023 and 2022. (Millions of dollars) Year Ended December 31, 2023 2022 Variance Sales Americas $ 14,304 $ 13,874 3 % EMEA 8,542 8,443 1 % APAC 6,559 6,480 1 % Engineering 2,160 2,762 (22)% Other 1,289 1,805 (29)% Total sales $ 32,854 $ 33,364 (2)% Operating Profit Americas $ 4,244 $ 3,732 14 % EMEA 2,486 2,013 23 % APAC 1,806 1,670 8 % Engineering 491 555 (12)% Other 43 (66) 165 % Segment operating profit 9,070 7,904 15 % Reconciliation to reported operating profit : Other charges (Note 3) (40) (1,029) Purchase accounting impacts - Linde AG (1,006) (1,506) Total operating profit $ 8,024 $ 5,369"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,253 | 0 |
What was the closing balance of unrecognized income tax benefits for FY23? | For FY23, the closing balance of unrecognized income tax benefits stood at $304 million. | [
"Uncertain Tax Positions Unrecognized income tax benefits represent income tax positions taken on income tax returns but not yet recognized in the consolidated financial statements. The company has unrecognized income tax benefits totaling $304 million, $325 million and $387 million as of December 31, 2023, 2022 and 2021, respectively. If recognized, the majority of the unrecognized tax benefits and related interest and penalties would be recorded as a benefit to income tax expense on the consolidated statements of income. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (Millions of dollars) 2023 2022 2021 Unrecognized income tax benefits, January 1 $ 325 $ 387 $ 452 Additions for tax positions of prior years 108 26 11 Reductions for tax positions of prior years (a) (121) (45) (11) Additions for current year tax positions — — 19 Reductions for settlements with taxing authorities (a)(b) (1) (23) (60) Other (c) (7) (20) (24) Unrecognized income tax benefits, December 31 $ 304 $ 325 $ 387"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,254 | 0 |
What was the total number of employees working in Linde PLC as of FY23? | As of FY23, total number of employees working in Linde PLC was 66,323. | [
"CONSOLIDATED RESULTS AND OTHER INFORMATION The discussion that follows includes a comparison of our results of operations and liquidity and capital resources for the years ended December 31, 2023 and 2022. For the discussion comparing the years ended December 31, 2022 and 2021, refer to Part II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, of our Form 10-K for the year ended December 31, 2022. The following table provides summary information for 2023 and 2022. The reported amounts are GAAP amounts from the Consolidated Statements of Income. The adjusted amounts are intended to supplement investors' understanding of the company's financial information and are not a substitute for GAAP measures. (Millions of dollars, except per share data) Year Ended December 31, 2023 2022 Variance Reported Amounts Sales $ 32,854 $ 33,364 (2)% Cost of sales, exclusive of depreciation and amortization $ 17,492 $ 19,450 (10)% As a percent of sales 53.2 % 58.3 % Selling, general and administrative $ 3,295 $ 3,107 6 % As a percent of sales 10.0 % 9.3 % Depreciation and amortization $ 3,816 $ 4,204 (9)% Other charges (a) $ 40 $ 1,029 — Operating Profit $ 8,024 $ 5,369 49 % Operating margin 24.4 % 16.1 % Interest expense – net $ 200 $ 63 217 % Net pension and OPEB cost (benefit), excluding service cost $ (164) $ (237) (31)% Effective tax rate 22.7 % 25.9 % Income from equity investments $ 167 $ 172 (3)% Noncontrolling interests $ (142) $ (134) 6 % Net Income - Linde plc $ 6,199 $ 4,147 49 % Diluted earnings per share $ 12.59 $ 8.23 53 % Diluted shares outstanding 492,290 504,038 (2)% Number of employees 66,323 65,010 2 % Adjusted Amounts (b) Operating profit $ 9,070 $ 7,904 15 % Operating margin 27.6 % 23.7 % Net Income - Linde plc $ 6,989 $ 6,195 13 % Diluted earnings per share $ 14.20 $ 12.29 16 % Other Financial Data (b) EBITDA $ 12,007 $ 9,745 23 % As percent of sales 36.5 % 29.2 % Adjusted EBITDA $ 12,133 $ 10,873 12 % As percent of sales 36.9 % 32.6 %"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,255 | 0 |
What was the impact of price and mix changes on the sales of Linde PLC in FY23? | In FY23, Linde PLC's sales increased by 6% due to price and mix changes. | [
"Results of Operations The following table provides a summary of changes in consolidated sales: 2023 vs. 2022 % Change Factors Contributing to Changes - Sales Volume (1)% Price/Mix 6 % Cost pass-through (3)% Currency (1)% Acquisitions/divestitures (1)% Engineering (2)% (2)%"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,256 | 0 |
What was the impact of share-based compensation on Linde PLC's equity in FY-2023? | In FY23, Share-based payments had a positive impact of $141 million on Linde PLC's equity. | [
"CONSOLIDATED STATEMENTS OF EQUITY LINDE PLC AND SUBSIDIARIES (Dollar amounts in millions, except per share data, shares in thousands) Linde plc Shareholders’ Equity Ordinary shares Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) (Note 7) Treasury Stock Linde plc Shareholders’ Equity Noncontrolling Activity Shares Amounts Shares Amounts Interests Total Equity Balance, December 31, 2020 552,013 $ 1 $ 40,202 $ 17,178 $ (4,690) 28,718 $ (5,374) $ 47,317 $ 2,252 $ 49,569 Net Income available for Linde plc shareholders 3,826 3,826 135 3,961 Other comprehensive income (loss) (358) (358) — (358) Noncontrolling interests: Dividends and other capital reductions — (118) (118) Additions (Reductions) — (876) (876) Dividends ($4.24 per ordinary share) (2,189) (2,189) (2,189) Issuances of ordinary shares: For employee savings and incentive plans (150) (105) (1,026) 209 (46) (46) Purchases of ordinary shares 15,640 (4,643) (4,643) (4,643) Share-based compensation 128 128 128 Balance, December 31, 2021 552,013 $ 1 $ 40,180 $ 18,710 $ (5,048) 43,332 $ (9,808) $ 44,035 $ 1,393 $ 45,428 Net Income available for Linde plc shareholders 4,147 4,147 134 4,281 Other comprehensive income (loss) (734) (734) (44) (778) Noncontrolling interests: Dividends and other capital reductions — (81) (81) Additions (Reductions) - (Note 14) — (56) (56) Dividends ($4.68 per ordinary share) (2,344) (2,344) (2,344) Issuances of ordinary shares: For employee savings and incentive plans (282) 28 (811) 198 (56) (56) Purchases of ordinary shares 17,034 (5,127) (5,127) (5,127) Share-based compensation 107 107 107 Balance, December 31, 2022 552,013 $ 1 $ 40,005 $ 20,541 $ (5,782) 59,555 $ (14,737) $ 40,028 $ 1,346 $ 41,374 Net Income available for Linde plc shareholders 6,199 6,199 142 6,341 Other comprehensive income (loss) (23) (23) (12) (35) Noncontrolling interests: Dividends and other capital reductions — (113) (113) Additions (Reductions) (12) (12) (1) (13) Dividends ($5.10 per common share) (2,482) (2,482) (2,482) Issuances of ordinary shares: For employee savings and incentive plans (322) (113) (924) 307 (128) (128) Purchases of ordinary shares 10,937 (4,003) (4,003) (4,003) Share-based compensation 141 141 141 Intercompany reorganization (Note 14) (61,246) (15,300) (61,246) 15,300 — Balance, December 31, 2023 490,767 $ 1 $ 39,812 $ 8,845 $ (5,805) 8,322 $ (3,133) $ 39,720 $ 1,362 $ 41,082"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,257 | 0 |
In FY23, out of all foreign currencies, which currency did Linde PLC make the most of its foreign sales in? | In FY23, Linde PLC did most of its foreign sales in Euros (~19 percent of total sales). | [
"Currency The results of Linde’s non-U.S. operations are translated to the company’s reporting currency, the U.S. dollar, from the functional currencies used in the countries in which the company operates. For most foreign operations, Linde uses the local currency as its functional currency. There is inherent variability and unpredictability in the relationship of these functional currencies to the U.S. dollar and such currency movements may materially impact Linde’s results of operations in any given period. To help understand the reported results, the following is a summary of the significant currencies underlying Linde’s consolidated results and the exchange rates used to translate the financial statements (rates of exchange expressed in units of local currency per U.S. dollar): Percent of 2023 Statements of Income Balance Sheets Consolidated Average Year Ended December 31, December 31, Currency Sales 2023 2022 2023 2022 Euro 19 % 0.92 0.95 0.92 0.93 Chinese yuan 8 % 7.08 6.72 7.10 6.90 British pound 5 % 0.80 0.81 0.79 0.83 Australian dollar 4 % 1.50 1.44 1.47 1.47 Brazilian real 4 % 4.99 5.16 4.86 5.28 Korean won 3 % 1,306 1,286 1,288 1,266 Canadian dollar 3 % 1.35 1.36 1.32 1.36 Mexican peso 3 % 17.71 20.10 16.97 19.50 Indian rupee 2 % 84.51 78.49 83.21 82.73 Republic of South African rand 1 % 18.43 16.30 18.36 17.04 Swedish krona 1 % 10.60 10.08 10.07 10.43 Thailand bhat 1 % 34.78 34.96 34.14 34.61"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,258 | 0 |
How much allowance for credit losses did Linde PLC have at the end of FY23? | As of FY23, Linde PLC had an allowance for credit losses amounting to $457 million. | [
"Balance Sheet (Millions of dollars) December 31, 2023 2022 Accounts Receivable Trade and Other receivables $ 5,175 $ 4,964 Less: allowance for expected credit losses (457) (405) $ 4,718 $ 4,559"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,259 | 0 |
What was the breakdown of Linde PLC's FY23 pre-tax income between US and non-US operations in FY23? | In FY23, Linde PLC's pre-tax income from:
- US Operations was $2,859 million; 35.8% of total PBT
- Other countries was $5,129 million; 64.2% of total PBT | [
"NOTE 5. INCOME TAXES Pre-tax income applicable to U.S. and non-U.S. operations is as follows: (Millions of dollars) Year Ended December 31, 2023 2022 2021 United States $ 2,859 $ 2,502 $ 2,020 Non-U.S. 5,129 3,041 3,079 Total income before income taxes $ 7,988 $ 5,543 $ 5,099"
]
| LINDE PLC | LIN | 2,024 | 2024-02-28 | 1,707,925 | Materials | https://www.sec.gov/Archives/edgar/data/1707925/000162828024007424/lin-20231231.htm | 2,260 | 0 |
Did Lockheed Martin have any intangible assets at the end of FY23? |
Yes, as of FY23, Lockheed Martin had total intangibles worth $13,011 million. Goodwill constitutes the major portion of intangibles, amounting to $10,799 million. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,261 | 0 |
How did Lockheed Martin's current assets compare to its current liabilities in FY23? | In FY23, Lockheed Martin's current ratio stood at 1.21. This indicates that Lockheed Martin is in a healthy financial position and has sufficient liquidity to meet its short-term obligations. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,262 | 0 |
How was Lockheed Martin financing its activities (debt vs. equity) in FY23, and has this mix changed over time? | In FY23, Lockheed Martin primarily financed its operations through debt, with a gearing ratio of about 72%. This indicates an increase in reliance on debt financing compared to the previous year, where the gearing ratio was around 62%. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,263 | 0 |
Did Lockheed Martin's cash and cash equivalents increase in FY23 compared to the previous year? | No, in FY23, Lockheed Martin's cash and cash equivalents decreased by 43.4% compared to the previous year. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,264 | 0 |
What was Lockheed Martin's Accounts Payable for FY23? | In FY23, the total value of Lockheed Martin's accounts payable was $2,312 million. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,265 | 0 |
What was Lockheed Martin's liability to asset (L/A) ratio, and what does it indicate about its financial health? | In FY23, Lockheed Martin’s Liability to asset (L/A) ratio was 0.87, indicating a healthy mix between assets and liabilities. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,266 | 0 |
What was Lockheed Martin's debt-to-equity ratio in FY23? | In FY23, Lockheed Martin’s debt-to-equity ratio was 2.53. This indicates that Lockheed Martin's operations were primarily financed through debts. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,267 | 0 |
What was the balance of cash and cash equivalents of Lockheed Martin at the end of FY-2023 | The total Cash and Cash Equivalents recorded by Lockheed Martin at the year-end of FY-2023 were $1,442 million. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,268 | 0 |
What was the balance of deferred tax asset in Lockheed Martin's books at the end of FY23? | In FY23, Lockheed Martin had a Deferred income tax asset of $2,953 million. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,269 | 0 |
What was the amount of Lockheed Martin's accounts receivable in the year FY23 and did it increase from the prior year? | In FY23, Lockheed Martin's accounts receivable amounted to $2,132 million, reflecting a decrement of 15% from the previous year. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,270 | 0 |
What was the total value of Lockheed Martin's assets in FY23? | In FY23, the total value of Lockheed Martin's total assets was $52,456 mn. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,271 | 0 |
What was the value of Lockheed Martin's long-lived Assets as of the end of FY-2023? | As of FY23, the total noncurrent assets of Lockheed Martin were carried at $31,935 million. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,272 | 0 |
Assuming you only had access to the statement of cash flows, what is the net income of Lockheed Martin in FY23, FY22, and FY21? | In FY23, Lockheed Martin reported a net income of $6,920 million. This marks an increase of 20.9% from the previous year's net income of $5,723 million in FY22, and it was $6,315 million in FY21. | [
"Lockheed Martin Corporation Consolidated Statements of Cash Flows (in millions) Years Ended December 31, 2023 2022 2021 Operating activities Net earnings $ 6,920 $ 5,732 $ 6,315 Adjustments to reconcile net earnings to net cash provided by operating activities Depreciation and amortization 1,430 1,404 1,364 Stock-based compensation 265 238 227 Deferred income taxes (498) (757) (183) Pension settlement charge — 1,470 1,665 Severance and other charges 92 100 36 Changes in: Receivables, net 373 (542) 15 Contract assets (865) (1,739) (1,034) Inventories (44) (107) 564 Accounts payable 151 1,274 (98) Contract liabilities 702 381 562 Income taxes (133) 148 45 Qualified defined benefit pension plans (378) (412) (267) Other, net (95) 612 10 Net cash provided by operating activities 7,920 7,802 9,221 Investing activities Capital expenditures (1,691) (1,670) (1,522) Other, net (3) (119) 361 Net cash used for investing activities (1,694) (1,789) (1,161) Financing activities Issuance of long-term debt, net of related costs 1,975 6,211 — Repayments of long-term debt (115) (2,250) (500) Repurchases of common stock (6,000) (7,900) (4,087) Dividends paid (3,056) (3,016) (2,940) Other, net (135) (115) (89) Net cash used for financing activities (7,331) (7,070) (7,616) Net change in cash and cash equivalents (1,105) (1,057) 444 Cash and cash equivalents at beginning of year 2,547 3,604 3,160 Cash and cash equivalents at end of year $ 1,442 $ 2,547 $ 3,604"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,273 | 0 |
How much dividend did Lockheed Martin pay during FY23? | Lockheed Martin paid dividends of $3,056 million during FY23. | [
"Lockheed Martin Corporation Consolidated Statements of Cash Flows (in millions) Years Ended December 31, 2023 2022 2021 Operating activities Net earnings $ 6,920 $ 5,732 $ 6,315 Adjustments to reconcile net earnings to net cash provided by operating activities Depreciation and amortization 1,430 1,404 1,364 Stock-based compensation 265 238 227 Deferred income taxes (498) (757) (183) Pension settlement charge — 1,470 1,665 Severance and other charges 92 100 36 Changes in: Receivables, net 373 (542) 15 Contract assets (865) (1,739) (1,034) Inventories (44) (107) 564 Accounts payable 151 1,274 (98) Contract liabilities 702 381 562 Income taxes (133) 148 45 Qualified defined benefit pension plans (378) (412) (267) Other, net (95) 612 10 Net cash provided by operating activities 7,920 7,802 9,221 Investing activities Capital expenditures (1,691) (1,670) (1,522) Other, net (3) (119) 361 Net cash used for investing activities (1,694) (1,789) (1,161) Financing activities Issuance of long-term debt, net of related costs 1,975 6,211 — Repayments of long-term debt (115) (2,250) (500) Repurchases of common stock (6,000) (7,900) (4,087) Dividends paid (3,056) (3,016) (2,940) Other, net (135) (115) (89) Net cash used for financing activities (7,331) (7,070) (7,616) Net change in cash and cash equivalents (1,105) (1,057) 444 Cash and cash equivalents at beginning of year 2,547 3,604 3,160 Cash and cash equivalents at end of year $ 1,442 $ 2,547 $ 3,604"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,274 | 0 |
What was the impact of accounts receivables on Lockheed Martin's operating cash flows in FY-2023? | In FY23, Lockheed Martin's accounts receivables decreased by $373 million, resulting in a positive impact on cash flows. | [
"Lockheed Martin Corporation Consolidated Statements of Cash Flows (in millions) Years Ended December 31, 2023 2022 2021 Operating activities Net earnings $ 6,920 $ 5,732 $ 6,315 Adjustments to reconcile net earnings to net cash provided by operating activities Depreciation and amortization 1,430 1,404 1,364 Stock-based compensation 265 238 227 Deferred income taxes (498) (757) (183) Pension settlement charge — 1,470 1,665 Severance and other charges 92 100 36 Changes in: Receivables, net 373 (542) 15 Contract assets (865) (1,739) (1,034) Inventories (44) (107) 564 Accounts payable 151 1,274 (98) Contract liabilities 702 381 562 Income taxes (133) 148 45 Qualified defined benefit pension plans (378) (412) (267) Other, net (95) 612 10 Net cash provided by operating activities 7,920 7,802 9,221 Investing activities Capital expenditures (1,691) (1,670) (1,522) Other, net (3) (119) 361 Net cash used for investing activities (1,694) (1,789) (1,161) Financing activities Issuance of long-term debt, net of related costs 1,975 6,211 — Repayments of long-term debt (115) (2,250) (500) Repurchases of common stock (6,000) (7,900) (4,087) Dividends paid (3,056) (3,016) (2,940) Other, net (135) (115) (89) Net cash used for financing activities (7,331) (7,070) (7,616) Net change in cash and cash equivalents (1,105) (1,057) 444 Cash and cash equivalents at beginning of year 2,547 3,604 3,160 Cash and cash equivalents at end of year $ 1,442 $ 2,547 $ 3,604"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,275 | 0 |
How do Lockheed Martin's operating cash flows compare with its net income in FY23? | In FY23, Lockheed Martin reported a net income of $6,920 million. Adjusting for non-cash transactions and changes in assets and liabilities, the cash flow from operations amounted to $7,920 million, indicating that Lockheed Martin's operating cash flows exceeded its net income. | [
"The following table provides a summary of our cash flow information followed by a discussion of the key elements (in millions): 2023 2022 2021 Cash and cash equivalents at beginning of year $ 2,547 $ 3,604 $ 3,160 Operating activities Net earnings 6,920 5,732 6,315 Noncash adjustments 1,289 2,455 3,109 Changes in working capital 317 (733) 9 Other, net (606) 348 (212) Net cash provided by operating activities 7,920 7,802 9,221 Net cash used for investing activities (1,694) (1,789) (1,161) Net cash used for financing activities (7,331) (7,070) (7,616) Net change in cash and cash equivalents (1,105) (1,057) 444 Cash and cash equivalents at end of year $ 1,442 $ 2,547 $ 3,604"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,276 | 0 |
How does the cash flow from investing activities from FY23 compare to the previous period in Lockheed Martin's books? | In FY23, Lockheed Martin used $1,694 million in investing activities, reflecting a slight decrease of 5.3% compared to FY22 when the company spent $1,789 million. | [
"Lockheed Martin Corporation Consolidated Statements of Cash Flows (in millions) Years Ended December 31, 2023 2022 2021 Operating activities Net earnings $ 6,920 $ 5,732 $ 6,315 Adjustments to reconcile net earnings to net cash provided by operating activities Depreciation and amortization 1,430 1,404 1,364 Stock-based compensation 265 238 227 Deferred income taxes (498) (757) (183) Pension settlement charge — 1,470 1,665 Severance and other charges 92 100 36 Changes in: Receivables, net 373 (542) 15 Contract assets (865) (1,739) (1,034) Inventories (44) (107) 564 Accounts payable 151 1,274 (98) Contract liabilities 702 381 562 Income taxes (133) 148 45 Qualified defined benefit pension plans (378) (412) (267) Other, net (95) 612 10 Net cash provided by operating activities 7,920 7,802 9,221 Investing activities Capital expenditures (1,691) (1,670) (1,522) Other, net (3) (119) 361 Net cash used for investing activities (1,694) (1,789) (1,161) Financing activities Issuance of long-term debt, net of related costs 1,975 6,211 — Repayments of long-term debt (115) (2,250) (500) Repurchases of common stock (6,000) (7,900) (4,087) Dividends paid (3,056) (3,016) (2,940) Other, net (135) (115) (89) Net cash used for financing activities (7,331) (7,070) (7,616) Net change in cash and cash equivalents (1,105) (1,057) 444 Cash and cash equivalents at beginning of year 2,547 3,604 3,160 Cash and cash equivalents at end of year $ 1,442 $ 2,547 $ 3,604"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,277 | 0 |
How much cash did Lockheed Martin use in its investing activities in FY-2023? | Lockheed Martin used $1,694 million cash in its investing activities during FY-2023. | [
"Lockheed Martin Corporation Consolidated Statements of Cash Flows (in millions) Years Ended December 31, 2023 2022 2021 Operating activities Net earnings $ 6,920 $ 5,732 $ 6,315 Adjustments to reconcile net earnings to net cash provided by operating activities Depreciation and amortization 1,430 1,404 1,364 Stock-based compensation 265 238 227 Deferred income taxes (498) (757) (183) Pension settlement charge — 1,470 1,665 Severance and other charges 92 100 36 Changes in: Receivables, net 373 (542) 15 Contract assets (865) (1,739) (1,034) Inventories (44) (107) 564 Accounts payable 151 1,274 (98) Contract liabilities 702 381 562 Income taxes (133) 148 45 Qualified defined benefit pension plans (378) (412) (267) Other, net (95) 612 10 Net cash provided by operating activities 7,920 7,802 9,221 Investing activities Capital expenditures (1,691) (1,670) (1,522) Other, net (3) (119) 361 Net cash used for investing activities (1,694) (1,789) (1,161) Financing activities Issuance of long-term debt, net of related costs 1,975 6,211 — Repayments of long-term debt (115) (2,250) (500) Repurchases of common stock (6,000) (7,900) (4,087) Dividends paid (3,056) (3,016) (2,940) Other, net (135) (115) (89) Net cash used for financing activities (7,331) (7,070) (7,616) Net change in cash and cash equivalents (1,105) (1,057) 444 Cash and cash equivalents at beginning of year 2,547 3,604 3,160 Cash and cash equivalents at end of year $ 1,442 $ 2,547 $ 3,604"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,278 | 0 |
What was the cash flow from Lockheed Martin's financing activities in FY23, and what was the largest cash outflow during the year? | In FY23, Lockheed Martin utilized $7,331 million in cash for its financing activities. The largest cash outflow within this category was $6,000 million, attributed to the repurchase of common stock. | [
"Lockheed Martin Corporation Consolidated Statements of Cash Flows (in millions) Years Ended December 31, 2023 2022 2021 Operating activities Net earnings $ 6,920 $ 5,732 $ 6,315 Adjustments to reconcile net earnings to net cash provided by operating activities Depreciation and amortization 1,430 1,404 1,364 Stock-based compensation 265 238 227 Deferred income taxes (498) (757) (183) Pension settlement charge — 1,470 1,665 Severance and other charges 92 100 36 Changes in: Receivables, net 373 (542) 15 Contract assets (865) (1,739) (1,034) Inventories (44) (107) 564 Accounts payable 151 1,274 (98) Contract liabilities 702 381 562 Income taxes (133) 148 45 Qualified defined benefit pension plans (378) (412) (267) Other, net (95) 612 10 Net cash provided by operating activities 7,920 7,802 9,221 Investing activities Capital expenditures (1,691) (1,670) (1,522) Other, net (3) (119) 361 Net cash used for investing activities (1,694) (1,789) (1,161) Financing activities Issuance of long-term debt, net of related costs 1,975 6,211 — Repayments of long-term debt (115) (2,250) (500) Repurchases of common stock (6,000) (7,900) (4,087) Dividends paid (3,056) (3,016) (2,940) Other, net (135) (115) (89) Net cash used for financing activities (7,331) (7,070) (7,616) Net change in cash and cash equivalents (1,105) (1,057) 444 Cash and cash equivalents at beginning of year 2,547 3,604 3,160 Cash and cash equivalents at end of year $ 1,442 $ 2,547 $ 3,604"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,279 | 0 |
How much depreciation and amortization did Lockheed Martin book during FY23? | During FY23, Lockheed Martin booked an expense of $1,430 million as total depreciation and amortization. | [
"Capital Expenditures and PP&E Depreciation and Software Amortization 2023 2022 2021 Capital expenditures Aeronautics $ 535 $ 461 $ 477 Missiles and Fire Control 252 253 304 Rotary and Mission Systems 220 266 279 Space 455 391 305 Total business segment capital expenditures 1,462 1,371 1,365 Corporate activities 229 299 157 Total capital expenditures $ 1,691 $ 1,670 $ 1,522 PP&E depreciation and software amortization Aeronautics $ 416 $ 383 $ 348 Missiles and Fire Control 175 160 153 Rotary and Mission Systems 220 245 250 Space 221 201 205 Total business segment depreciation and amortization 1,032 989 956 Corporate activities 398 415 408 Total depreciation and amortization $ 1,430 $ 1,404 $ 1,364"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,280 | 0 |
How much did Lockheed Martin spend on capital expenditure during 2023? | Lockheed Martin spent $1,691 million on capital expenditure during 2023. | [
"Lockheed Martin Corporation Consolidated Statements of Cash Flows (in millions) Years Ended December 31, 2023 2022 2021 Operating activities Net earnings $ 6,920 $ 5,732 $ 6,315 Adjustments to reconcile net earnings to net cash provided by operating activities Depreciation and amortization 1,430 1,404 1,364 Stock-based compensation 265 238 227 Deferred income taxes (498) (757) (183) Pension settlement charge — 1,470 1,665 Severance and other charges 92 100 36 Changes in: Receivables, net 373 (542) 15 Contract assets (865) (1,739) (1,034) Inventories (44) (107) 564 Accounts payable 151 1,274 (98) Contract liabilities 702 381 562 Income taxes (133) 148 45 Qualified defined benefit pension plans (378) (412) (267) Other, net (95) 612 10 Net cash provided by operating activities 7,920 7,802 9,221 Investing activities Capital expenditures (1,691) (1,670) (1,522) Other, net (3) (119) 361 Net cash used for investing activities (1,694) (1,789) (1,161) Financing activities Issuance of long-term debt, net of related costs 1,975 6,211 — Repayments of long-term debt (115) (2,250) (500) Repurchases of common stock (6,000) (7,900) (4,087) Dividends paid (3,056) (3,016) (2,940) Other, net (135) (115) (89) Net cash used for financing activities (7,331) (7,070) (7,616) Net change in cash and cash equivalents (1,105) (1,057) 444 Cash and cash equivalents at beginning of year 2,547 3,604 3,160 Cash and cash equivalents at end of year $ 1,442 $ 2,547 $ 3,604"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,281 | 0 |
Did Lockheed Martin earn significantly from other comprehensive income (OCI) in FY-2023? | No, Lockheed Martin did not earn anything from OCI; instead, it booked a loss of $780 million during FY23. | [
"Lockheed Martin Corporation Consolidated Statements of Comprehensive Income (in millions) Years Ended December 31, 2023 2022 2021 Net earnings $ 6,920 $ 5,732 $ 6,315 Other comprehensive income, net of tax Postretirement benefit plans Net actuarial (loss) gain recognized due to plan remeasurements, net of tax of $181 million in 2023, $518 million in 2022 and $925 million in 2021 (689) 1,873 3,404 Amortization of actuarial losses and prior service credits, net of tax of $40 million in 2023, $18 million in 2022 and $130 million in 2021 (149) 69 477 Pension settlement charge, net of tax of $314 million in 2022 and $355 million in 2021 — 1,156 1,310 Other, net, net of tax of $6 million in 2023, $2 million in 2022 and $11 million in 2021 58 (115) (76) Other comprehensive income, net of tax (780) 2,983 5,115 Comprehensive income $ 6,140 $ 8,715 $ 11,430"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,282 | 0 |
How much interest expense did Lockheed Martin incur during FY23, and was there any significant movement compared to the previous year? | Lockheed Martin reported an interest expense of $916 million during FY23, marking a 47% increase compared to FY22's $623 million. | [
"Lockheed Martin Corporation Consolidated Statements of Earnings (in millions, except per share data) Years Ended December 31, 2023 2022 2021 Net sales Products $ 56,265 $ 55,466 $ 56,435 Services 11,306 10,518 10,609 Total net sales 67,571 65,984 67,044 Cost of sales Products (50,206) (49,357) (50,017) Services (10,027) (9,252) (9,434) Severance and other charges (92) (100) (36) Other unallocated, net 1,233 1,012 1,504 Total cost of sales (59,092) (57,697) (57,983) Gross profit 8,479 8,287 9,061 Other income, net 28 61 62 Operating profit 8,507 8,348 9,123 Interest expense (916) (623) (569) Non-service FAS pension income (expense) 443 (971) (1,292) Other non-operating income (expense), net 64 (74) 288 Earnings before income taxes 8,098 6,680 7,550 Income tax expense (1,178) (948) (1,235) Net earnings $ 6,920 $ 5,732 $ 6,315 Earnings per common share Basic $ 27.65 $ 21.74 $ 22.85 Diluted $ 27.55 $ 21.66 $ 22.76"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,283 | 0 |
Has Lockheed Martin's earnings per share (EPS) improved in FY23 compared to the previous period? | Yes, both the basic and diluted EPS of Lockheed Martin have significantly improved in FY23. The basic EPS increased from 21.74 to 27.65, while the diluted EPS increased from 21.66 to 27.55. | [
"Lockheed Martin Corporation Consolidated Statements of Earnings (in millions, except per share data) Years Ended December 31, 2023 2022 2021 Net sales Products $ 56,265 $ 55,466 $ 56,435 Services 11,306 10,518 10,609 Total net sales 67,571 65,984 67,044 Cost of sales Products (50,206) (49,357) (50,017) Services (10,027) (9,252) (9,434) Severance and other charges (92) (100) (36) Other unallocated, net 1,233 1,012 1,504 Total cost of sales (59,092) (57,697) (57,983) Gross profit 8,479 8,287 9,061 Other income, net 28 61 62 Operating profit 8,507 8,348 9,123 Interest expense (916) (623) (569) Non-service FAS pension income (expense) 443 (971) (1,292) Other non-operating income (expense), net 64 (74) 288 Earnings before income taxes 8,098 6,680 7,550 Income tax expense (1,178) (948) (1,235) Net earnings $ 6,920 $ 5,732 $ 6,315 Earnings per common share Basic $ 27.65 $ 21.74 $ 22.85 Diluted $ 27.55 $ 21.66 $ 22.76"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,284 | 0 |
What were Lockheed Martin's Severance and other charges as a percentage of revenue in FY23 FY22, and FY21? | In FY23, FY22, and FY21, Lockheed Martin's Severance and other charges accounted for 0.13%, 0.15%, and 0.05% of revenue, respectively. | [
"Lockheed Martin Corporation Consolidated Statements of Earnings (in millions, except per share data) Years Ended December 31, 2023 2022 2021 Net sales Products $ 56,265 $ 55,466 $ 56,435 Services 11,306 10,518 10,609 Total net sales 67,571 65,984 67,044 Cost of sales Products (50,206) (49,357) (50,017) Services (10,027) (9,252) (9,434) Severance and other charges (92) (100) (36) Other unallocated, net 1,233 1,012 1,504 Total cost of sales (59,092) (57,697) (57,983) Gross profit 8,479 8,287 9,061 Other income, net 28 61 62 Operating profit 8,507 8,348 9,123 Interest expense (916) (623) (569) Non-service FAS pension income (expense) 443 (971) (1,292) Other non-operating income (expense), net 64 (74) 288 Earnings before income taxes 8,098 6,680 7,550 Income tax expense (1,178) (948) (1,235) Net earnings $ 6,920 $ 5,732 $ 6,315 Earnings per common share Basic $ 27.65 $ 21.74 $ 22.85 Diluted $ 27.55 $ 21.66 $ 22.76"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,285 | 0 |
How does Lockheed Martin's net income for FY23 compare to the previous year? | In FY23, Lockheed Martin reported a net income of $6,920 million, marking an increase of approximately 21% compared to the net income reported in FY22 ($5,732 million). | [
"Lockheed Martin Corporation Consolidated Statements of Earnings (in millions, except per share data) Years Ended December 31, 2023 2022 2021 Net sales Products $ 56,265 $ 55,466 $ 56,435 Services 11,306 10,518 10,609 Total net sales 67,571 65,984 67,044 Cost of sales Products (50,206) (49,357) (50,017) Services (10,027) (9,252) (9,434) Severance and other charges (92) (100) (36) Other unallocated, net 1,233 1,012 1,504 Total cost of sales (59,092) (57,697) (57,983) Gross profit 8,479 8,287 9,061 Other income, net 28 61 62 Operating profit 8,507 8,348 9,123 Interest expense (916) (623) (569) Non-service FAS pension income (expense) 443 (971) (1,292) Other non-operating income (expense), net 64 (74) 288 Earnings before income taxes 8,098 6,680 7,550 Income tax expense (1,178) (948) (1,235) Net earnings $ 6,920 $ 5,732 $ 6,315 Earnings per common share Basic $ 27.65 $ 21.74 $ 22.85 Diluted $ 27.55 $ 21.66 $ 22.76"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,286 | 0 |
How did Lockheed Martin's operating income compare to its net income in FY23? | In FY23, Lockheed Martin reported an operating income of $8,507 million and a net income of $6,920 million. The variance between these two figures is primarily attributed to interest expense ($916 million), and income tax expense ($1,178 million). | [
"Lockheed Martin Corporation Consolidated Statements of Earnings (in millions, except per share data) Years Ended December 31, 2023 2022 2021 Net sales Products $ 56,265 $ 55,466 $ 56,435 Services 11,306 10,518 10,609 Total net sales 67,571 65,984 67,044 Cost of sales Products (50,206) (49,357) (50,017) Services (10,027) (9,252) (9,434) Severance and other charges (92) (100) (36) Other unallocated, net 1,233 1,012 1,504 Total cost of sales (59,092) (57,697) (57,983) Gross profit 8,479 8,287 9,061 Other income, net 28 61 62 Operating profit 8,507 8,348 9,123 Interest expense (916) (623) (569) Non-service FAS pension income (expense) 443 (971) (1,292) Other non-operating income (expense), net 64 (74) 288 Earnings before income taxes 8,098 6,680 7,550 Income tax expense (1,178) (948) (1,235) Net earnings $ 6,920 $ 5,732 $ 6,315 Earnings per common share Basic $ 27.65 $ 21.74 $ 22.85 Diluted $ 27.55 $ 21.66 $ 22.76"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,287 | 0 |
How has Lockheed Martin's other unallocated income changed in FY23 from the previous year? | In FY23, Lockheed Martin's other unallocated income amounted to $1,233 million, reflecting a 21.8% increase compared to the previous year's income of $1,012 million. | [
"Lockheed Martin Corporation Consolidated Statements of Earnings (in millions, except per share data) Years Ended December 31, 2023 2022 2021 Net sales Products $ 56,265 $ 55,466 $ 56,435 Services 11,306 10,518 10,609 Total net sales 67,571 65,984 67,044 Cost of sales Products (50,206) (49,357) (50,017) Services (10,027) (9,252) (9,434) Severance and other charges (92) (100) (36) Other unallocated, net 1,233 1,012 1,504 Total cost of sales (59,092) (57,697) (57,983) Gross profit 8,479 8,287 9,061 Other income, net 28 61 62 Operating profit 8,507 8,348 9,123 Interest expense (916) (623) (569) Non-service FAS pension income (expense) 443 (971) (1,292) Other non-operating income (expense), net 64 (74) 288 Earnings before income taxes 8,098 6,680 7,550 Income tax expense (1,178) (948) (1,235) Net earnings $ 6,920 $ 5,732 $ 6,315 Earnings per common share Basic $ 27.65 $ 21.74 $ 22.85 Diluted $ 27.55 $ 21.66 $ 22.76"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,288 | 0 |
How much inventory did Lockheed Martin have at the end of FY23? | Lockheed Martin had an inventory of $3,132 million at the end of FY23. | [
"Lockheed Martin Corporation Consolidated Balance Sheets (in millions, except par value) December 31, 2023 2022 Assets Current assets Cash and cash equivalents $ 1,442 $ 2,547 Receivables, net 2,132 2,505 Contract assets 13,183 12,318 Inventories 3,132 3,088 Other current assets 632 533 Total current assets 20,521 20,991 Property, plant and equipment, net 8,370 7,975 Goodwill 10,799 10,780 Intangible assets, net 2,212 2,459 Deferred income taxes 2,953 3,744 Other noncurrent assets 7,601 6,931 Total assets $ 52,456 $ 52,880 Liabilities and equity Current liabilities Accounts payable $ 2,312 $ 2,117 Salaries, benefits and payroll taxes 3,133 3,075 Contract liabilities 9,190 8,488 Current maturities of long-term debt 168 118 Other current liabilities 2,134 2,089 Total current liabilities 16,937 15,887 Long-term debt, net 17,291 15,429 Accrued pension liabilities 6,162 5,472 Other noncurrent liabilities 5,231 6,826 Total liabilities 45,621 43,614 Stockholders’ equity Common stock, $1 par value per share 240 254 Additional paid-in capital — 92 Retained earnings 15,398 16,943 Accumulated other comprehensive loss (8,803) (8,023) Total stockholders’ equity 6,835 9,266 Total liabilities and equity $ 52,456 $ 52,880"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,289 | 0 |
Was there any Deferred tax asset related to research and development expenditure in FY23? | Yes, as of FY23, Lockheed Martin had a deferred tax asset related to research and development expenditure amounting to $1,251 million. | [
"Deferred Income Taxes The primary components of our federal and foreign deferred income tax assets and liabilities at December 31 were as follows (in millions): 2023 2022 Deferred tax assets related to: Pensions $ 1,485 $ 1,340 Accrued compensation and benefits 731 718 Contract accounting methods 508 510 Research and development expenditures 1,251 2,268 Foreign company operating losses and credits 19 20 Other 487 471 Valuation allowance (32) (31) Deferred tax assets, net 4,449 5,296 Deferred tax liabilities related to: Goodwill and intangible assets 494 449 Property, plant and equipment 415 503 Other 597 605 Deferred tax liabilities 1,506 1,557 Net deferred tax assets $ 2,943 $ 3,739"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,290 | 0 |
How much Operating Profit did Lockheed Martin earn in FY22 and FY23? | Lockheed Martin earned an operating profit of $8,507 million in FY23 and $8,348 in FY22. | [
"Lockheed Martin Corporation Consolidated Statements of Earnings (in millions, except per share data) Years Ended December 31, 2023 2022 2021 Net sales Products $ 56,265 $ 55,466 $ 56,435 Services 11,306 10,518 10,609 Total net sales 67,571 65,984 67,044 Cost of sales Products (50,206) (49,357) (50,017) Services (10,027) (9,252) (9,434) Severance and other charges (92) (100) (36) Other unallocated, net 1,233 1,012 1,504 Total cost of sales (59,092) (57,697) (57,983) Gross profit 8,479 8,287 9,061 Other income, net 28 61 62 Operating profit 8,507 8,348 9,123 Interest expense (916) (623) (569) Non-service FAS pension income (expense) 443 (971) (1,292) Other non-operating income (expense), net 64 (74) 288 Earnings before income taxes 8,098 6,680 7,550 Income tax expense (1,178) (948) (1,235) Net earnings $ 6,920 $ 5,732 $ 6,315 Earnings per common share Basic $ 27.65 $ 21.74 $ 22.85 Diluted $ 27.55 $ 21.66 $ 22.76"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,291 | 0 |
How much has Lockheed Martin's Operating margin changed in FY22 and FY23? | In FY23, Lockheed Martin's operating margin stood at 12.6%, showing a slight increase of 0.05% from FY22's 12.65%. However, there was a decrease of 0.95% in operating margin in FY22 compared to FY21. Over the three-year period, the operating margin has decreased by about 1%. | [
"Lockheed Martin Corporation Consolidated Statements of Earnings (in millions, except per share data) Years Ended December 31, 2023 2022 2021 Net sales Products $ 56,265 $ 55,466 $ 56,435 Services 11,306 10,518 10,609 Total net sales 67,571 65,984 67,044 Cost of sales Products (50,206) (49,357) (50,017) Services (10,027) (9,252) (9,434) Severance and other charges (92) (100) (36) Other unallocated, net 1,233 1,012 1,504 Total cost of sales (59,092) (57,697) (57,983) Gross profit 8,479 8,287 9,061 Other income, net 28 61 62 Operating profit 8,507 8,348 9,123 Interest expense (916) (623) (569) Non-service FAS pension income (expense) 443 (971) (1,292) Other non-operating income (expense), net 64 (74) 288 Earnings before income taxes 8,098 6,680 7,550 Income tax expense (1,178) (948) (1,235) Net earnings $ 6,920 $ 5,732 $ 6,315 Earnings per common share Basic $ 27.65 $ 21.74 $ 22.85 Diluted $ 27.55 $ 21.66 $ 22.76"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,292 | 0 |
Did Lockheed Martin have any actuarial gain or loss that impacted its net income for FY23, affecting total comprehensive income? | Yes, in FY23, Lockheed Martin reported a net income of $6,920 million. However, an actuarial loss of $689 million due to plan assets impacted total comprehensive income. | [
"Lockheed Martin Corporation Consolidated Statements of Comprehensive Income (in millions) Years Ended December 31, 2023 2022 2021 Net earnings $ 6,920 $ 5,732 $ 6,315 Other comprehensive income, net of tax Postretirement benefit plans Net actuarial (loss) gain recognized due to plan remeasurements, net of tax of $181 million in 2023, $518 million in 2022 and $925 million in 2021 (689) 1,873 3,404 Amortization of actuarial losses and prior service credits, net of tax of $40 million in 2023, $18 million in 2022 and $130 million in 2021 (149) 69 477 Pension settlement charge, net of tax of $314 million in 2022 and $355 million in 2021 — 1,156 1,310 Other, net, net of tax of $6 million in 2023, $2 million in 2022 and $11 million in 2021 58 (115) (76) Other comprehensive income, net of tax (780) 2,983 5,115 Comprehensive income $ 6,140 $ 8,715 $ 11,430"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,293 | 0 |
What was the amount of Lockheed Martin's retained earnings at the end of FY23? | By the end of FY23, Lockheed Martin's retained earnings stood at $15,398 million. | [
"Lockheed Martin Corporation Consolidated Statements of Equity (in millions, except per share data) Common Stock Additional PaidIn Capital Retained Earnings Accumulated Other Comprehensive Loss Total Stockholders’ Equity Noncontrolling Interests in Subsidiary Total Equity Balance at December 31, 2020 $ 279 $ 221 $ 21,636 $ (16,121) $ 6,015 $ 23 $ 6,038 Net earnings — — 6,315 — 6,315 — 6,315 Other comprehensive loss, net of tax — — — 5,115 5,115 — 5,115 Repurchases of common stock (9) (671) (3,407) — (4,087) — (4,087) Dividends declared ($10.60 per share) — — (2,944) — (2,944) — (2,944) Stock-based awards, ESOP activity and other 1 544 — — 545 — 545 Net decrease in noncontrolling interests in subsidiary — — — — — (23) (23) Balance at December 31, 2021 $ 271 $ 94 $ 21,600 $ (11,006) $ 10,959 $ — $ 10,959 Net earnings — — 5,732 — 5,732 — 5,732 Other comprehensive income, net of tax — — — 2,983 2,983 — 2,983 Repurchases of common stock (18) (503) (7,379) — (7,900) — (7,900) Dividends declared ($11.40 per share) — — (3,010) — (3,010) — (3,010) Stock-based awards, ESOP activity and other 1 501 — — 502 — 502 Balance at December 31, 2022 $ 254 $ 92 $ 16,943 $ (8,023) $ 9,266 $ — $ 9,266 Net earnings — — 6,920 — 6,920 — 6,920 Other comprehensive income, net of tax — — — (780) (780) — (780) Repurchases of common stock (15) (571) (5,414) — (6,000) — (6,000) Dividends declared ($12.15 per share) — — (3,051) — (3,051) — (3,051) Stock-based awards, ESOP activity and other 1 479 — — 480 — 480 Balance at December 31, 2023 $ 240 $ — $ 15,398 $ (8,803) $ 6,835 $ — $ 6,835"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,294 | 0 |
What was Lockheed Martin's income tax expense for FY-2023? | In FY23, Lockheed Martin's income tax expense was $1,178 million. | [
"Lockheed Martin Corporation Consolidated Statements of Earnings (in millions, except per share data) Years Ended December 31, 2023 2022 2021 Net sales Products $ 56,265 $ 55,466 $ 56,435 Services 11,306 10,518 10,609 Total net sales 67,571 65,984 67,044 Cost of sales Products (50,206) (49,357) (50,017) Services (10,027) (9,252) (9,434) Severance and other charges (92) (100) (36) Other unallocated, net 1,233 1,012 1,504 Total cost of sales (59,092) (57,697) (57,983) Gross profit 8,479 8,287 9,061 Other income, net 28 61 62 Operating profit 8,507 8,348 9,123 Interest expense (916) (623) (569) Non-service FAS pension income (expense) 443 (971) (1,292) Other non-operating income (expense), net 64 (74) 288 Earnings before income taxes 8,098 6,680 7,550 Income tax expense (1,178) (948) (1,235) Net earnings $ 6,920 $ 5,732 $ 6,315 Earnings per common share Basic $ 27.65 $ 21.74 $ 22.85 Diluted $ 27.55 $ 21.66 $ 22.76"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,295 | 0 |
What is the number of shares used while calculating basic and diluted EPS for FY22? | For FY22, the Weighted average number of shares used for basic and diluted EPS calculation was 263.7 million (basic), and 264.6 million (diluted). | [
"Note 2 – Earnings Per Share The weighted average number of shares outstanding used to compute earnings per common share were as follows (in millions): 2023 2022 2021 Weighted average common shares outstanding for basic computations 250.3 263.7 276.4 Weighted average dilutive effect of equity awards 0.9 0.9 1.0 Weighted average common shares outstanding for diluted computations 251.2 264.6 277.4"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,296 | 0 |
What is the total square footage of properties owned by Lockheed Martin as of FY23? | As of FY23, Lockheed Martin owned properties totaling 35.8 million square feet. | [
"ITEM 2. Properties At December 31, 2023, we owned or leased building space (including offices, manufacturing plants, warehouses, service centers, laboratories and other facilities) at 335 locations primarily in the U.S. Additionally, we manage or occupy 9 government-owned facilities under lease and other arrangements. At December 31, 2023, we had significant operations in the following locations: • Aeronautics - Palmdale, California; Marietta, Georgia; Greenville, South Carolina; and Fort Worth, Texas. • Missiles and Fire Control - Camden, Arkansas; Ocala and Orlando, Florida; Lexington, Kentucky; and Grand Prairie, Texas. • Rotary and Mission Systems - Stratford, Connecticut; Orlando, Florida; Moorestown/Mt. Laurel, New Jersey; Owego and Syracuse, New York; Manassas, Virginia; and Mielec, Poland. • Space - Huntsville, Alabama; Sunnyvale, California; Denver, Colorado; Cape Canaveral, Florida; and Valley Forge, Pennsylvania. • Corporate activities - Bethesda, Maryland. The following is a summary of our square feet of floor space owned, leased, or utilized by business segment at December 31, 2023 (in millions): Owned Leased GovernmentOwned Total Aeronautics 5.5 3.0 14.8 23.3 Missiles and Fire Control 7.8 2.6 2.0 12.4 Rotary and Mission Systems 10.8 4.7 0.2 15.7 Space 9.3 3.0 0.1 12.4 Corporate activities 2.4 0.9 — 3.3 Total 35.8 14.2 17.1 67.1"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,297 | 0 |
As of FY23, what percentage of Lockheed Martin's employees were veterans? | As of FY23, 21% of Lockheed Martin's total employees were veterans. | [
"Diversity and Inclusion Diversity and inclusion is a business imperative for us, as we believe that it is key to our future success. We have focused our diversity and inclusion initiatives on employee recruitment, including active engagement and outreach with minority-serving institutions, employee training and development, such as efforts focused on expanding the diverse talent pipeline, and employee engagement, including through participation in our Business Resource Groups. Our Business Resource Groups are voluntary, employee-led groups that are open to all employees while being aligned to demographic categories that we annually report on to the U.S. Government, including race/ethnicity, gender, disability and veteran status. The categories have been expanded to gain a deeper understanding of our workforce to include military service, sexual-orientation and gender identity which are not part of our annual government submission. The Business Resource Groups foster a diverse and inclusive workplace aligned with our organizational mission, values, goals and business practices and drive awareness and change within our organization. Through these and other focused efforts, including workforce availability, we have improved the diversity of our overall U.S. workforce and within leadership positions, specifically in the representation of women, people of color and people with disabilities. Additionally, veteran representation in our workforce remains outstanding, at almost four times the current annual national percentage of veterans in the civilian workforce. Employee Profile (as of December 31, 2023): Women People of Color Veterans People with Disabilities Overall 23% 32% 21% 12% Executives 25% 17% 21% 13%"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,298 | 0 |
What was the total number of shares Lockheed Martin repurchased during FY23? | Lockheed Martin repurchased 6,715,890 shares during FY23. | [
"Purchases of Equity Securities There were no sales of unregistered equity securities during the quarter ended December 31, 2023. The following table provides information about our repurchases of our common stock that is registered pursuant to Section 12 of the Securities Exchange Act of 1934 during the quarter ended December 31, 2023. Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (in millions) September 25, 2023 – October 29, 2023 1,265,110 $ 446.24 1,264,627 $ 12,459 October 30, 2023 – November 26, 2023 2,775,003 $ 447.82 2,774,470 $ 11,217 November 27, 2023 – December 31, 2023 2,675,777 $ 446.97 2,669,558 $ 10,023 Total 6,715,890 $ 447.18 6,708,655"
]
| LOCKHEED MARTIN CORP | LMT | 2,024 | 2024-01-23 | 936,468 | Industrials | https://www.sec.gov/Archives/edgar/data/936468/000093646824000010/lmt-20231231.htm | 2,299 | 0 |
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