Carrier Global Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,555	3,969	9,852	3,520	2,987
Cash & Short-Term Investments	1,555	3,969	9,852	3,520	2,987
Cash Growth	-60.82%	-59.71%	179.89%	17.84%	-4.11%
Accounts Receivable	3,132	3,010	2,381	3,370	2,906
Other Receivables	6	7	5	-	-
Receivables	3,138	3,017	2,386	3,370	2,906
Inventory	2,483	2,299	1,823	2,640	1,970
Restricted Cash	2	3	1	7	39
Other Current Assets	1,355	603	5,514	342	3,505
Total Current Assets	8,533	9,891	19,576	9,879	11,407
Property, Plant & Equipment	3,711	3,553	2,581	2,883	2,466
Long-Term Investments	1,321	1,194	1,140	1,148	1,593
Goodwill	15,501	14,601	7,520	9,977	9,349
Other Intangible Assets	6,326	6,432	945	1,342	509
Long-Term Accounts Receivable	83	65	26	6	70
Long-Term Deferred Tax Assets	1,074	1,131	718	612	563
Other Long-Term Assets	641	536	316	239	215
Total Assets	37,190	37,403	32,822	26,086	26,172
Accounts Payable	2,702	2,458	2,483	2,833	2,334
Accrued Expenses	2,822	3,324	2,429	2,462	2,379
Short-Term Debt	360	84	-	-	-
Current Portion of Long-Term Debt	108	1,252	51	140	183
Current Portion of Leases	142	135	93	132	130
Current Unearned Revenue	691	553	419	449	415
Other Current Liabilities	289	86	1,506	16	1,186
Total Current Liabilities	7,114	7,892	6,981	6,032	6,627
Long-Term Debt	11,365	11,026	14,242	8,702	9,513
Long-Term Leases	418	432	333	529	527
Long-Term Unearned Revenue	203	164	160	174	165
Pension & Post-Retirement Benefits	192	214	149	349	380
Long-Term Deferred Tax Liabilities	1,833	2,015	523	568	354
Other Long-Term Liabilities	1,937	1,265	1,429	1,656	1,512
Total Liabilities	23,062	23,008	23,817	18,010	19,078
Common Stock	10	9	9	9	9
Additional Paid-In Capital	8,665	8,610	5,535	5,481	5,411
Retained Earnings	12,193	11,483	6,591	5,866	2,865
Treasury Stock	-6,795	-3,915	-1,972	-1,910	-529
Comprehensive Income & Other	-269	-2,106	-1,486	-1,688	-989
Total Common Equity	13,804	14,081	8,677	7,758	6,767
Minority Interest	324	314	328	318	327
Shareholders' Equity	14,128	14,395	9,005	8,076	7,094
Total Liabilities & Equity	37,190	37,403	32,822	26,086	26,172
Total Debt	12,393	12,929	14,719	9,503	10,353
Net Cash (Debt)	-10,838	-8,960	-4,867	-5,983	-7,366
Net Cash Per Share	-12.57	-9.83	-5.71	-6.95	-8.27
Filing Date Shares Outstanding	835.84	868.34	898.36	834.19	855.51
Total Common Shares Outstanding	836.14	878.34	839.91	834.38	862.69
Working Capital	1,419	1,999	12,595	3,847	4,780
Book Value Per Share	16.51	16.03	10.33	9.30	7.84
Tangible Book Value	-8,023	-6,952	212	-3,561	-3,091
Tangible Book Value Per Share	-9.60	-7.91	0.25	-4.27	-3.58
Land	165	169	109	126	114
Buildings	1,535	1,325	1,083	1,251	1,084
Machinery	3,344	2,947	2,520	2,409	2,093

Source: S&P Global Market Intelligence. Standard template. Financial Sources.