Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

Carrier Global Corporation

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Assets	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Cash and Cash Equivalents	1,423	1,797	1,698	3,969	2,225	2,919
Cash and Cash Equivalents
Total Cash and Cash Equivalents	1,423	1,797	1,698	3,969	2,225	2,919
Accounts Receivable	3,129	3,373	2,979	2,651	2,726	3,187
Accounts Receivable, Net
Other Receivables	—	—	—	—	—	333
Contract Assets
Total Trade Receivables	3,129	3,373	2,979	2,651	2,726	3,520
Inventories	3,004	2,888	2,648	2,299	2,646	3,045
Inventories, Net
Other Current Assets	1,283	1,073	1,119	972	3,597	2,089
Assets Held for Sale, Current
Assets Held for Sale
Other Current Assets
Total Current Assets	8,839	9,131	8,444	9,891	11,194	11,573
Total Current Assets
Net Property, Plant & Equipment	3,772	3,757	3,603	3,553	3,583	3,752
Fixed Assets, Net
Operating Lease Right-of-Use Assets
Net Intangible Assets	6,560	6,770	6,480	6,432	7,118	7,048
Intangible Assets, Net
Goodwill	15,680	15,672	14,959	14,601	15,294	15,245
Goodwill
Long-Term Investments	1,381	1,353	1,253	1,194	1,287	1,221
Equity Method Investments
Other Long-Term Assets	1,845	1,810	1,708	1,732	1,725	1,585
Future Income Tax Benefits
Pension and Post-Retirement Assets
Other Assets
Total Assets	38,077	38,493	36,447	37,403	40,201	40,424
Total Assets

Liabilities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Accounts Payable	2,959	3,214	3,015	2,458	2,829	3,181
Accounts Payable
Accrued Expenses	4,208	4,508	3,892	4,098	4,233	4,262
Accrued Liabilities
Short-Term Debt	580	—	—	1,336	—	—
Short-Term Borrowings and Current Portion of Long-Term Debt
Current Portion of Long-Term Debt	—	107	104	—	2,095	2,052
Current Portion of Long-Term Debt
Unearned Revenue	—	—	—	—	—	493
Contract Liabilities
Other Current Liabilities	—	—	—	—	1,221	687
Liabilities Held for Sale, Current
Liabilities Held for Sale
Total Current Liabilities	7,747	7,829	7,011	7,892	10,378	10,675
Total Current Liabilities
Long-Term Debt	11,336	11,336	11,080	11,026	10,337	11,270
Long-Term Debt
Leases	424	444	437	432	445	501
Operating Lease Liabilities
Other Long-Term Liabilities	3,731	3,870	3,721	3,658	3,999	3,899
Future Pension and Post-Retirement Obligations
Future Income Tax Obligations
Other Long-Term Liabilities
Total Long-Term Liabilities	15,491	15,650	15,238	15,116	14,781	15,670
Total Liabilities	23,238	23,479	22,249	23,008	25,159	26,345
Total Liabilities

Equity	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Common Stock	9	9	9	9	9	9
Common Stock
Treasury Stock	-6,311	-5,522	-5,188	-3,915	-2,403	-1,972
Treasury Stock
Additional Paid-in Capital	8,646	8,338	8,616	8,610	8,588	8,563
UTC Net Investment
Additional Paid-in Capital
Total UTC Net Investment
Accumulated Other Comprehensive Income	-365	-413	-1,473	-2,106	-802	-1,686
Accumulated Other Comprehensive Loss
Retained Earnings	12,530	12,294	11,895	11,483	9,301	8,854
Retained Earnings
Total Common Shareholders' Equity	14,509	14,706	13,859	14,081	14,693	13,768
Minority Interests and Other	330	308	339	314	349	311
Non-Controlling Interest
Total Shareholders' Equity	14,839	15,014	14,198	14,395	15,042	14,079
Total Equity
Total Liabilities and Shareholders' Equity	38,077	38,493	36,447	37,403	40,201	40,424
Total Liabilities and Equity