CARRIER GLOBAL Corp (CARR) Financial Statements (2025 and earlier)

Company Profile

Business Address 13995 PASTEUR BOULEVARD
PALM BEACH GARDENS, FL 33418
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3585 - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

6/30/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,96910,0153,5202,9873,115
Cash and cash equivalent3,96910,0153,5202,9873,115
Receivables2,6512,4812,8332,4032,781
Inventory, net of allowances, customer advances and progress billings2,2992,2172,6401,9701,629
Inventory2,2992,2172,6401,9701,629
Contract with customer, asset, after allowance for credit loss  306537503656
Disposal group, including discontinued operation  3,314 3,168 
Other current assets972447349376343
Total current assets:9,89118,7809,87911,4078,524
Noncurrent Assets
Operating lease, right-of-use asset554491642640788
Property, plant and equipment2,9992,2932,2411,8261,810
Long-term investments and receivables1,1941,1401,1481,5931,513
Long-term investments1,1941,1401,1481,5931,513
Intangible assets, net (including goodwill)21,0339,01711,3199,85811,176
Goodwill14,6017,9899,9779,34910,139
Intangible assets, net (excluding goodwill)6,4321,0281,3425091,037
Contract with customer, asset, after allowance for credit loss 266 98
Deferred income tax assets1,131739612563449
Other noncurrent assets558330219242279
Other undisclosed noncurrent assets4362043456
Total noncurrent assets:27,51214,04216,20714,76516,569
TOTAL ASSETS:37,40332,82226,08626,17225,093
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,6405,5535,4434,8954,407
Accounts payable2,4582,7422,8332,3341,936
Accrued liabilities4,1822,8112,6102,5612,471
Deferred revenue  425449415512
Debt1,25251140183191
Disposal group, including discontinued operation  862 1,134 
Total current liabilities:7,8926,8916,0326,6275,110
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,02614,2428,7029,51310,678
Long-term debt, excluding current maturities    10,036
Other undisclosed long-term debt and lease obligation 11,02614,2428,7028,986 
Liabilities, other than long-term debt4,0902,6843,2762,8392,727
Deferred revenue    165 
Deferred income tax liabilities2,015535568354479
Liability, pension and other postretirement and postemployment benefits214155349380524
Accrued environmental loss contingencies    191 
Other liabilities1,4291,6031,8301,6771,724
Operating lease, liability432391529527642
Self insurance reserve    72 
Other undisclosed noncurrent liabilities    99 
Total noncurrent liabilities:15,11616,92611,97812,45113,405
Total liabilities:23,00823,81718,01019,07818,515
Equity
Equity, attributable to parent14,0818,6777,7586,7676,252
Common stock99999
Treasury stock, value(3,915)(1,972)(1,910)(529) 
Additional paid in capital8,6105,5355,4815,4115,345
Accumulated other comprehensive loss(2,106)(1,486)(1,688)(989)(745)
Retained earnings11,4836,5915,8662,8651,643
Equity, attributable to noncontrolling interest314328318327326
Total equity:14,3959,0058,0767,0946,578
TOTAL LIABILITIES AND EQUITY:37,40332,82226,08626,17225,093

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues22,48622,09820,42120,61317,456
Cost of revenue(16,505)(15,715)(14,957)(14,633)(12,347)
Cost of product and service sold (16,505)    
Gross profit:5,9816,3835,4645,9805,109
Operating expenses(3,883)(3,914)(3,051)(3,623)(3,239)
Other operating income (expense), net317(384)1,840391,006
Other nonrecurring (income) expense 39171,84041(45)
Other undisclosed operating income231211262249207
Operating income:2,6462,2964,5152,6453,083
Nonoperating income (expense)
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)		 (1)(1)(4)6160
Interest and debt expense82(362)36(319)(9)
Income from continuing operations before equity method investments, income taxes:2,7271,9334,5472,3873,134
Other undisclosed income (loss) from continuing operations before income taxes(453)151(255)13(279)
Income from continuing operations before income taxes:2,2742,0844,2922,4002,855
Income tax expense(1,062)(644)(708)(699)(849)
Income from continuing operations:1,2121,4403,5841,7012,006
Income before gain (loss) on sale of properties:✕✕✕✕1,7012,006
Income from discontinued operations4,496    
Net income:5,7081,4403,5841,7012,006
Net loss attributable to noncontrolling interest(104)(91)(50)(37)(24)
Net income available to common stockholders, diluted:5,6041,3493,5341,6641,982

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:5,7081,4403,5841,7012,006
Other comprehensive income (loss)(620)199(725)(244)521
Comprehensive income:5,0881,6392,8591,4572,527
Comprehensive loss, net of tax, attributable to noncontrolling interest(104)(88)(24)(37)(37)
Comprehensive income, net of tax, attributable to parent:4,9841,5512,8351,4202,490

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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