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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$57.9B
P/E Ratio44.22
ROE9.36%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$2.5B$3B$3.2B$3B$2.7B$3B
Accrued Environmental Liabilities21000000000.0%20600000000.0%20400000000.0%20000000000.0%20000000000.0%19800000000.0%
Accrued Progress Collections and Price Adjustments$164M$168M$178M$186M$203M$208M
Other Commercial Liabilities$4.1B$3.9B$4.5B$4.2B$3.8B$3.7B
Accrued Liabilities, Current$4.1B$3.9B$4.5B$4.2B$3.8B$3.7B
Other short-term debt$84M——$58M$35M$23M
Current portion of long-term debt$1.3B$104M$107M$107M$108M$1B
Deferred revenue$553M$542M$549M$546M$691M$722M
Derivative Liabilities - Fair Value$41M———$166M$153M
Dividends payable$199M———$201M—
Operating Lease Liability Payments - 2024 (Lessee)$128M———$124M—
Operating Lease Liability Payments - 2025 (Lessee)$68M———$70M—
Liabilities held for sale$0———$170M$170M
Operating lease liabilities, current$135M———$142M—
Self-Insurance Reserve$216M———$201M—
Total current liabilities$7.9B$7B$7.8B$7.7B$7.1B$8.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$2.7B$3B$3.4B$3.1B$2.6B$3.1B
Assets held for sale$0———$592M$621M
Cash and cash equivalents$4B$1.7B$1.8B$1.4B$1.6B$1.4B
Contract assets$366M$452M$474M$520M$499M$527M
Finished goods$1.5B$1.8B$2B$2B$1.6B$1.7B
Other current assets$972M$1.1B$1.1B$1.3B$1.3B$1.3B
Derivative assets$82M———$129M$133M
Raw materials$625M$653M$700M$756M$666M$645M
Work in process$213M$216M$231M$250M$245M$269M
Inventories$2.3B$2.6B$2.9B$3B$2.5B$2.6B
Percentage of Inventory on LIFO Basis39.0%———36.0%—
Other Inventory, Net$215M$241M$340M$391M$337M$345M
Restricted cash$3M$4M$3M$3M$2M$3M
Total current assets$9.9B$8.4B$9.1B$8.8B$8.5B$9B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Environmental Liabilities (Non-Current)$185M$188M$188M$187M$182M$181M
Contract Liabilities, Non-Current$164M$168M$178M$186M$203M$208M
Defined Benefit Pension Plan Liabilities (Non-Current)$456M$218M$221M$220M$232M$188M
Operating Lease Liability Payments - 2026 (Lessee)$93M———$95M—
Operating Lease Liability Payments - 2027 (Lessee)$48M———$50M—
Operating Lease Liability Payments - 2028 (Lessee)$68M———$70M—
Operating Lease Liability Payments - 2029 (Lessee)$48M———$50M—
Operating Lease Liability Payments - Thereafter (Lessee)$169M———$147M—
Long-term debt$12.3B$11.2B$11.4B$11.4B$11.5B$11.4B
Long-Term Debt and Finance Lease Obligations$11B$11.1B$11.3B$11.3B$11.4B$10.4B
Deferred revenue, net of current portion$164M$168M$178M$186M$203M$208M
Retirement and nonpension postretirement benefit obligations$214M$218M$221M$220M$192M$188M
Operating lease liabilities, non-current$432M$437M$444M$424M$418M$415M
Operating Lease Liabilities (Total)$567M———$560M—
Other non-current liabilities$1.4B$1.5B$1.6B$1.6B$2.1B$2.1B
Total liabilities$23B$22.2B$23.5B$23.2B$23.1B$23.4B

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-$413M-$365M-$269M-$560M
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$9M$9M$9M$9M$10M$10M
Retained earnings$11.5B$11.9B$12.3B$12.5B$12.2B$12.4B
Share Repurchase Program - Amount Remaining$3.2B$1.9B$1.3B$811M$5.3B$5B
Total liabilities and stockholders' equity$37.4B$36.4B$38.5B$38.1B$37.2B$37.2B
Total stockholders' equity$14.4B$14.2B$15B$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$65M$35M$47M$55M$83M$79M
Deferred Tax Assets and Other Non-Current Assets$558M$511M$540M$596M$668M$669M
Deferred Tax Assets - Tax Credit Carryforwards$1.4B———$1.4B—
Goodwill$14.6B$15B$15.7B$15.7B$15.5B$15.3B
Goodwill and Intangible Assets, Net$1.8B———$1.7B—
Net Investment in Lease$554M$563M$575M$558M$546M$551M
Deferred tax assets$1.1B$1.1B$1.2B$1.2B$1.1B$1.1B
Prepaid pension assets$43M$48M$50M$50M$56M$58M
Intangible assets — net$6.4B$6.5B$6.8B$6.6B$6.3B$6B
Other intangible assets—net$6.4B$6.5B$6.8B$6.6B$6.3B$6B
Operating lease right-of-use assets$554M$563M$575M$558M$546M$551M
Other non-current assets$558M$511M$540M$596M$668M$669M
Operating Lease Right-of-Use Assets in Other Assets$554M$563M$575M$558M$546M$551M
Property and equipment, net$3B$3B$3.2B$3.2B$3.2B$3.1B
Software and Technology Licenses, Net$558M$511M$540M$596M$668M$669M
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 Rate4.3%———4.5%—
Accumulated Benefit Obligation for Plans with ABO in Excess of Assets$456M———$232M—
Projected Benefit Obligation for Plans with ABO in Excess of Assets$481M———$255M—
Defined Benefit Plan Amounts Recognized in Balance Sheet-$150M———-$123M—
Defined Benefit Plan Funded Status-$150M———-$123M—
Gross Assets/Liabilities$41M———$166M$153M
Accrual for Environmental Loss Contingencies$210M$206M$204M$200M$200M$198M
Accrued Environmental Loss Contingencies, Current$25M$18M$16M$13M$18M$17M
Accrued Environmental Loss Contingencies, Noncurrent$185M$188M$188M$187M$182M$181M
Commercial paper borrowings outstanding$0——$415M$325M$708M
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-$286M-$223M-$206M-$157M-$312M-$324M
Contract with Customer, Asset, after Allowance for Credit Loss$431M$487M$521M$575M$582M$606M
Contract with Customer, Liability$717M$710M$727M$732M$894M$930M
Short-term debt and current portion of long-term debt$1.3B——$580M$468M$1.7B
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net$88M$86M$83M$81M$78M$76M
Deferred Tax Liabilities, Gross$2.2B———$2B—
Deferred income taxes$2B$2B$2.1B$1.9B$1.8B$1.7B
Other assets basis differences$576M———$519M—
Other liabilities basis differences$674M———$773M—
Deferred Tax Assets, Net of Valuation Allowance$1.5B———$1.5B—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits$142M———$114M—
Deferred Tax Assets, Valuation Allowance$1.4B———$1.5B—
Deferred Tax Liabilities, Other Asset Basis Differences$381M———$374M—
Future pension and postretirement benefit obligations$180M———$165M—
Service cost$0———$0—
Salary scale, pension benefit obligation2.6%———2.4%—
Interest cost$0———$0—
Expected return on plan assets$0———$0—
2030$46M———$48M—
2026$37M———$39M—
2028$47M———$45M—
2031 — 2035$242M———$251M—
2029$45M———$47M—
2027$38M———$48M—
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year$6M———$5M—
Less: Fair value of plan assets at end of period$507M———$540M—
Fair value of plan assets$288M———$76M—
Fair value of plan assets$288M———$76M—
Derivative Liability$41M———$166M$153M
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$238M———$289M—
Finite-Lived Intangible Assets, Accumulated Amortization$1.6B$1.8B$2.2B$2.4B$2.5B$2.6B
2028$779M———$818M—
2030$660M———$655M—
2031$581M———$599M—
2027$819M———$868M—
2029$731M———$742M—
Finite Lived Intangible Assets Amortization Expense After Year Five$2.9B———$2.6B—
Gross Carrying Amount$8B$8.3B$8.9B$8.9B$8.8B$8.6B
Lessee Operating Lease Liability Payments Due$660M———$649M—
Lessee Operating Lease Liability Undiscounted Excess Amount$93M———$89M—
Long-Term Debt and Lease Obligation$11B$11.1B$11.3B$11.3B$11.4B$10.4B
2027$1.3B———$108M—
Noncontrolling interests in subsidiaries$314M$339M$308M$330M$324M$349M
Operating Lease Weighted Average Discount Rate Percent4.5%———4.6%—
Operating Loss Carryforwards$1.1B———$1.8B—
Current pension and PRB liabilities (included in Accrued employee compensation)$13M———$14M—
Percentage of projected benefit obligation compromised of domestic plan benefits35.0%———37.0%—
Percentage of projected benefit obligation compromised of foreign plan benefits65.0%———63.0%—
Standard and Extended Product Warranty Accrual$786M$814M$862M$870M$893M$910M
Restructuring Reserve$69M$56M$76M$82M$102M$159M
Segment Assets$5B———$5.1B—
Insurance Reserve, Current$173M———$159M—
Self-insurance accruals$43M———$42M—
Share repurchase program, increase to authorized amount$3B———$5B—
Share Repurchase Program, Remaining Authorized, Amount$3.2B$1.9B$1.3B$811M$5.3B$5B
Long-term income taxes$78M$101M$101M$101M$101M$101M
Treasury stock, shares (in shares)70.1M89.1M98.9M106.4M114.9M119.9M
Unrecognized tax benefits$365M———$322M—
Interest accrued$57M———$71M—