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Carrier Global Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Carrier Global holds $37.2B in total assets. Shareholders' equity is $13.8B against $12.8B in total debt. Cash and equivalents total $1.4B. The current ratio is 1.05 and debt-to-equity is 0.931. Based on the Q1 2026 filing.

Total Assets$37.2BTotal Stockholders Equity$13.8BLong Term Debt$11.4BCash And Equivalents$1.4BTotal Current Assets$9.0BTotal Current Liabilities$8.6B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$55.5B
P/E Ratio42.37
ROE9.36%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$2.5B$3.0B$3.2B$3.0B$2.7B$3.0B
Accrued Liabilities, Current$4.2B$3.9B$4.5B$4.2B$3.8B$3.7B
Other short-term debt$84.0M——$58.0M$35.0M$23.0M
Current portion of long-term debt$1.3B$104.0M$107.0M$107.0M$108.0M$1.0B
Deferred revenue$553.0M$542.0M$549.0M$546.0M$691.0M$722.0M
Dividends payable$199.0M———$201.0M—
Operating Lease Liability Payments - 2024 (Lessee)$128.0M———$124.0M—
Liabilities held for sale$0.0———$170.0M$170.0M
Operating lease liabilities, current$135.0M———$142.0M—
Self-Insurance Reserve$216.0M———$201.0M—
Total current liabilities$7.9B$7.0B$7.8B$7.7B$7.1B$8.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$2.7B$3.0B$3.4B$3.1B$2.6B$3.1B
Assets held for sale$0.0———$592.0M$621.0M
Cash and cash equivalents$4.0B$1.7B$1.8B$1.4B$1.6B$1.4B
Contract assets$366.0M$452.0M$474.0M$520.0M$499.0M$527.0M
Finished goods$1.5B$1.8B$2.0B$2.0B$1.6B$1.7B
Other current assets$972.0M$1.1B$1.1B$1.3B$1.3B$1.3B
Derivative assets$82.0M———$129.0M$133.0M
Raw materials$625.0M$653.0M$700.0M$756.0M$666.0M$645.0M
Work in process$213.0M$216.0M$231.0M$250.0M$245.0M$269.0M
Inventories$2.3B$2.6B$2.9B$3.0B$2.5B$2.6B
Percentage of Inventory on LIFO Basis0.39———0.36—
Other Inventory, Net$215.0M$241.0M$340.0M$391.0M$337.0M$345.0M
Restricted cash$3.0M$4.0M$3.0M$3.0M$2.0M$3.0M
Total current assets$9.9B$8.4B$9.1B$8.8B$8.5B$9.0B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$8.6B$8.6B$8.3B$8.6B$8.7B$8.7B
Accumulated other comprehensive income (loss)-$2.1B-$1.5B-$413.0M-$365.0M-$269.0M-$560.0M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$9.0M$9.0M$9.0M$9.0M$10.0M$10.0M
Retained earnings$11.5B$11.9B$12.3B$12.5B$12.2B$12.4B
Total liabilities and stockholders' equity$37.4B$36.4B$38.5B$38.1B$37.2B$37.2B
Total stockholders' equity$14.4B$14.2B$15.0B$14.8B$14.1B$13.8B
Treasury stock$3.9B$5.2B$5.5B$6.3B$6.8B$7.1B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contract Assets, Non-Current$65.0M$35.0M$47.0M$55.0M$83.0M$79.0M
Deferred Tax Assets - Tax Credit Carryforwards$1.4B———$1.4B—
Goodwill$14.6B$15.0B$15.7B$15.7B$15.5B$15.3B
Goodwill and Intangible Assets, Net$1.8B———$1.7B—
Deferred tax assets$1.1B$1.1B$1.2B$1.2B$1.1B$1.1B
Prepaid pension assets$43.0M$48.0M$50.0M$50.0M$56.0M$58.0M
Intangible assets — net$6.4B$6.5B$6.8B$6.6B$6.3B$6.0B
Other intangible assets—net$6.4B$6.5B$6.8B$6.6B$6.3B$6.0B
Operating lease right-of-use assets$554.0M$563.0M$575.0M$558.0M$546.0M$551.0M
Other non-current assets$558.0M$511.0M$540.0M$596.0M$668.0M$669.0M
Property and equipment, net$3.0B$3.0B$3.2B$3.2B$3.2B$3.1B
Total assets$37.4B$36.4B$38.5B$38.1B$37.2B$37.2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defined Benefit Plan Discount Rate0.04———0.04—
Defined Benefit Plan Amounts Recognized in Balance Sheet-$150.0M———-$123.0M—
Defined Benefit Plan Funded Status-$150.0M———-$123.0M—
Accrual for Environmental Loss Contingencies$210.0M$206.0M$204.0M$200.0M$200.0M$198.0M
Accrued Environmental Loss Contingencies, Current$25.0M$18.0M$16.0M$13.0M$18.0M$17.0M
Accrued Environmental Loss Contingencies, Noncurrent$185.0M$188.0M$188.0M$187.0M$182.0M$181.0M
Commercial paper borrowings outstanding$0.0——$415.0M$325.0M$708.0M
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01
Common stock, shares authorized (in shares)4B4B4B4B4B4B
Contract With Customer, Asset (Liability), Net-$286.0M-$223.0M-$206.0M-$157.0M-$312.0M-$324.0M
Contract with Customer, Asset, after Allowance for Credit Loss$431.0M$487.0M$521.0M$575.0M$582.0M$606.0M
Contract with Customer, Liability$717.0M$710.0M$727.0M$732.0M$894.0M$930.0M
Short-term debt and current portion of long-term debt$1.3B——$580.0M$468.0M$1.7B
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$88.0M$86.0M$83.0M$81.0M$78.0M$76.0M
Deferred Tax Liabilities, Gross$2.2B———$2.0B—
Deferred income taxes$2.0B$2.0B$2.1B$1.9B$1.8B$1.7B
Other assets basis differences$576.0M———$519.0M—
Other liabilities basis differences$674.0M———$773.0M—
Deferred Tax Assets, Net of Valuation Allowance$1.5B———$1.5B—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits$142.0M———$114.0M—
Deferred Tax Assets, Valuation Allowance$1.4B———$1.5B—
Deferred Tax Liabilities, Other Asset Basis Differences$381.0M———$374.0M—
Future pension and postretirement benefit obligations$180.0M———$165.0M—
Service cost0.00———0.00—
Salary scale, pension benefit obligation0.03———0.02—
Interest cost0.00———0.00—
Expected return on plan assets0.00———0.00—
2030$46.0M———$48.0M—
2026$37.0M———$39.0M—
2028$47.0M———$45.0M—
2031 — 2035$242.0M———$251.0M—
2029$45.0M———$47.0M—
2027$38.0M———$48.0M—
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year$6.0M———$5.0M—
Less: Fair value of plan assets at end of period$507.0M———$540.0M—
Fair value of plan assets$288.0M———$76.0M—
Fair value of plan assets$288.0M———$76.0M—
Derivative Liability$41.0M———$166.0M$153.0M
Number of owned unconsolidated domestic and foreign affiliates29.00———28.00—
Equity method investments (Note 11)$1.2B$1.3B$1.4B$1.4B$1.3B$1.3B
Estimated excess of current replacement cost over LIFO cost of inventories$238.0M———$289.0M—
Finite-Lived Intangible Assets, Accumulated Amortization$1.6B$1.8B$2.2B$2.4B$2.5B$2.6B
2028$779.0M———$818.0M—
2030$660.0M———$655.0M—
2031$581.0M———$599.0M—
2027$819.0M———$868.0M—
2029$731.0M———$742.0M—
Finite Lived Intangible Assets Amortization Expense After Year Five$2.9B———$2.6B—
Gross Carrying Amount$8.0B$8.3B$8.9B$8.9B$8.8B$8.6B
Lessee Operating Lease Liability Payments Due$660.0M———$649.0M—
Lessee Operating Lease Liability Undiscounted Excess Amount$93.0M———$89.0M—
Long-Term Debt and Lease Obligation$11.0B$11.1B$11.3B$11.3B$11.4B$10.4B
2027$1.3B———$108.0M—
Noncontrolling interests in subsidiaries$314.0M$339.0M$308.0M$330.0M$324.0M$349.0M
Operating Lease Weighted Average Discount Rate Percent0.04———0.05—
Operating Loss Carryforwards$1.1B———$1.8B—
Current pension and PRB liabilities (included in Accrued employee compensation)$13.0M———$14.0M—
Percentage of projected benefit obligation compromised of domestic plan benefits0.35———0.37—
Percentage of projected benefit obligation compromised of foreign plan benefits0.65———0.63—
Standard and Extended Product Warranty Accrual$786.0M$814.0M$862.0M$870.0M$893.0M$910.0M
Restructuring Reserve$69.0M$56.0M$76.0M$82.0M$102.0M$159.0M
Segment Assets$5.0B———$5.1B—
Insurance Reserve, Current$173.0M———$159.0M—
Self-insurance accruals$43.0M———$42.0M—
Share repurchase program, increase to authorized amount$3.0B———$5.0B—
Share Repurchase Program, Remaining Authorized, Amount$3.2B$1.9B$1.3B$811.0M$5.3B$5.0B
Long-term income taxes$78.0M$101.0M$101.0M$101.0M$101.0M$101.0M
Treasury stock, shares (in shares)70.1M89.1M98.9M106.4M114.9M119.9M
Unrecognized tax benefits$365.0M———$322.0M—
Interest accrued$57.0M———$71.0M—

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Defined Benefit Pension Plan Liabilities (Non-Current)$456.0M———$232.0M—
Operating Lease Liability Payments - 2026 (Lessee)$68.0M———$70.0M—
Operating Lease Liability Payments - Thereafter (Lessee)$169.0M———$147.0M—
Long-term debt$12.3B$11.2B$11.4B$11.4B$11.5B$11.4B
Deferred revenue, net of current portion$164.0M$168.0M$178.0M$186.0M$203.0M$208.0M
Retirement and nonpension postretirement benefit obligations$214.0M$218.0M$221.0M$220.0M$192.0M$188.0M
Operating lease liabilities, non-current$432.0M$437.0M$444.0M$424.0M$418.0M$415.0M
Other non-current liabilities$1.4B$1.5B$1.6B$1.6B$2.1B$2.1B
Total liabilities$23.0B$22.2B$23.5B$23.2B$23.1B$23.4B