| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net earnings (loss) | 265 | 62 | 455 | 633 |
| Discontinued operations, net of tax | -1 | 25 | 21 | -17 |
| Depreciation and amortization | 315 | 329 | 325 | 317 |
| Deferred income tax provision | -179 | -85 | -158 | -89 |
| Stock-based compensation costs | 21 | 19 | 11 | 44 |
| Equity method investment net earnings | 31 | 47 | 60 | 78 |
| (gain) loss on extinguishment of debt | NaN | 0 | 0 | NaN |
| (gain) loss on sale of investments / deconsolidation | NaN | 32 | NaN | NaN |
| (gain) loss on sale of investments | -9 | NaN | 0 | 12 |
| Accounts receivable, net | 509 | -392 | -212 | 340 |
| Inventories, net | 138 | -447 | 116 | 111 |
| Accounts payable and accrued liabilities | 351 | -389 | -208 | -103 |
| Distributions from equity method investments | 12 | 96 | 24 | 4 |
| Other operating activities, net | 39 | -229 | 140 | -5 |
| Net cash flows provided by (used in) continuing operating activities | 66 | 1,013 | 324 | 264 |
| Net cash flows provided by (used in) discontinued operating activities | 13 | 27 | 17 | 385 |
| Net cash flows provided by (used in) operating activities | 79 | 1,040 | 341 | 649 |
| Capital expenditures | 94 | 131 | 117 | 81 |
| Investment in businesses, net of cash acquired | 23 | 15 | 31 | 49 |
| Dispositions of businesses | 8 | 19 | 0 | 0 |
| Settlement of derivative contracts, net | -35 | 15 | -33 | -51 |
| Other investing activities, net | -9 | -31 | 4 | 4 |
| Net cash flows provided by (used in) continuing investing activities | -65 | -111 | -119 | -83 |
| Net cash flows provided by (used in) discontinued investing activities | 0 | 1 | 0 | 28 |
| Net cash flows provided by (used in) investing activities | -65 | -110 | -119 | -55 |
| Increase (decrease) in short-term borrowings, net | 371 | -112 | 444 | -8 |
| Issuance of long-term debt | 22 | 16 | 17 | 6 |
| Repayment of long-term debt | 16 | 3 | 1 | 3 |
| Repurchases of common stock | 306 | 479 | 785 | 340 |
| Dividends paid on common stock | 201 | 189 | 193 | 192 |
| Dividends paid to non-controlling interest | 1 | 20 | 72 | 9 |
| Other financing activities, net | -10 | 0 | -1 | -1 |
| Net cash flows provided by (used in) continuing financing activities | -141 | -787 | -591 | -547 |
| Net cash flows provided by (used in) discontinued financing activities | 0 | 0 | 0 | 0 |
| Net cash flows provided by (used in) financing activities | -141 | -787 | -591 | -547 |
| Effect of foreign exchange rate changes on cash and cash equivalents | -13 | 13 | -5 | 51 |
| Net increase (decrease) in cash and cash equivalents and restricted cash, including cash classified in current assets held for sale | -140 | 156 | -374 | 98 |
| Less change in cash balances classified as assets held for sale | 43 | NaN | NaN | NaN |
| Net increase (decrease) in cash and cash equivalents and restricted cash | -183 | NaN | NaN | NaN |
| Cash, cash equivalents and restricted cash, beginning of period | 1,426 | NaN | 1,800 | 1,702 |
| Cash, cash equivalents and restricted cash, end of period | 1,374 | NaN | 1,426 | 1,800 |
| Less restricted cash | 3 | NaN | NaN | NaN |
| Cash and cash equivalents, end of period | 1,371 | NaN | NaN | NaN |
CARRIER GLOBAL Corp (CARR)
CARRIER GLOBAL Corp (CARR)