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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Liabilities	Jun '25	Dec '24
Accounts Payable	3,214	2,458
Accounts Payable
Accrued Expenses	4,508	4,098
Accrued Liabilities
Short-Term Debt	—	1,336
Short-Term Borrowings and Current Portion of Long-Term Debt
Current Portion of Long-Term Debt	107	—
Current Portion of Long-Term Debt
Unearned Revenue	—	—
Contract Liabilities
Other Current Liabilities	—	—
Liabilities Held for Sale
Total Current Liabilities	7,829	7,892
Total Current Liabilities
Long-Term Debt	11,336	11,026
Long-Term Debt
Leases	444	432
Operating Lease Liabilities
Other Long-Term Liabilities	3,870	3,658
Future Pension and Post-Retirement Obligations
Future Income Tax Obligations
Other Long-Term Liabilities
Total Long-Term Liabilities	15,650	15,116
Total Liabilities	23,479	23,008
Total Liabilities

Equity	Jun '25	Dec '24
Common Stock	9	9
Common Stock
Treasury Stock	-5,522	-3,915
Treasury Stock
Additional Paid-in Capital	8,338	8,610
UTC Net Investment
Additional Paid-in Capital
Accumulated Other Comprehensive Income	-413	-2,106
Accumulated Other Comprehensive Loss
Retained Earnings	12,294	11,483
Retained Earnings
Total Common Shareholders' Equity	14,706	14,081
Minority Interests and Other	308	314
Non-Controlling Interest
Total Shareholders' Equity	15,014	14,395
Total Equity
Total Liabilities and Shareholders' Equity	38,493	37,403
Total Liabilities and Equity

Assets	Jun '25	Dec '24
Cash and Cash Equivalents	1,797	3,969
Cash and Cash Equivalents
Total Cash and Cash Equivalents	1,797	3,969
Accounts Receivable	3,373	2,651
Accounts Receivable, Net
Other Receivables	—	—
Contract Assets
Total Trade Receivables	3,373	2,651
Inventories	2,888	2,299
Inventories, Net
Other Current Assets	1,073	972
Assets Held for Sale
Other Current Assets
Total Current Assets	9,131	9,891
Total Current Assets
Net Property, Plant & Equipment	3,757	3,553
Fixed Assets, Net
Operating Lease Right-of-Use Assets
Net Intangible Assets	6,770	6,432
Intangible Assets, Net
Goodwill	15,672	14,601
Goodwill
Long-Term Investments	1,353	1,194
Equity Method Investments
Other Long-Term Assets	1,810	1,732
Future Income Tax Benefits
Pension and Post-Retirement Assets
Other Assets
Total Assets	38,493	37,403
Total Assets