Carrier Global Corporation (CARR) balance sheet

NYSE · Industrials · Industrial - Machinery · 47,000 employees · CEO David L. Gitlin

Price: $53.63 -3.44%
Market cap: $43.9B
Enterprise value: $54.4B
Last report: Q3 '26 filed 2026-10-29
Next report: 2027-02-04 EPS est. $0.62

At the end of Q3 '26 Carrier Global Corporation (CARR) held $1.35B in cash and short-term investments against $11.9B of debt incl. leases. Total assets $33.6B, total liabilities $23.2B, shareholders' equity $10.1B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	$9.85B	$1.31B	$2.92B	$2.23B	$3.97B	$1.7B	$1.8B	$1.42B	$1.56B	$1.37B	$1.34B	$1.35B
Receivables	$2.08B	$3.48B	$3.52B	$2.73B	$2.65B	$2.98B	$3.37B	$3.13B	$2.64B	$3.13B	$3.25B	$3.5B
Inventory	$1.82B	$3.19B	$3.05B	$2.65B	$2.3B	$2.65B	$2.89B	$3B	$2.48B	$2.58B	$2.76B	$2.84B
Other current assets	$5.82B	$3.74B	$2.09B	$3.6B	$972M	$1.12B	$1.07B	$1.28B	$1.86B	$1.93B	$2.07B	$1.19B
Current assets	$19.6B	$11.7B	$11.6B	$11.2B	$9.89B	$8.44B	$9.13B	$8.84B	$8.53B	$9.02B	$9.41B	$8.88B
Property, plant & equipment (net)	$2.58B	$3.81B	$3.75B	$3.58B	$3.55B	$3.6B	$3.76B	$3.77B	$3.71B	$3.67B	$3.73B	$3.69B
Long-term investments	$1.14B	$1.16B	$1.26B	$1.29B	$1.19B	$1.25B	$1.35B	$1.38B	$1.32B	$1.33B	$1.34B	$1.39B
Goodwill	$7.52B	$15.4B	$15.2B	$15.3B	$14.6B	$15B	$15.7B	$15.7B	$15.5B	$15.3B	$15.3B	$12.2B
Intangible assets	$945M	$7.35B	$7.05B	$7.12B	$6.43B	$6.48B	$6.77B	$6.56B	$6.33B	$5.99B	$5.76B	$5.54B
Deferred tax assets	$718M	$823M	$939M	$1.14B	$1.13B	$1.15B	$1.22B	$1.2B	$1.07B	$1.14B	$1.13B	$1.19B
Other non-current assets	$342M	$588M	$646M	$583M	$601M	$559M	$590M	$646M	$724M	$727M	$738M	$702M
Non-current assets	$13.2B	$29.1B	$28.9B	$29B	$27.5B	$28B	$29.4B	$29.2B	$28.7B	$28.2B	$28B	$24.7B
Total assets	$32.8B	$40.8B	$40.4B	$40.2B	$37.4B	$36.4B	$38.5B	$38.1B	$37.2B	$37.2B	$37.4B	$33.6B
Liabilities
Accounts payable	$2.48B	$3.07B	$3.18B	$2.83B	$2.46B	$3.02B	$3.21B	$2.96B	$2.7B	$2.98B	$3.22B	$3.27B
Accrued expenses	$3B	$2.99B	$4.26B	$4.23B	$3.41B	$3.28B	$3.87B	$3.46B	$0	$0	$3.96B	$4.16B
Short-term debt	$51M	$1.25B	$2.05B	$2.1B	$1.25B	$104M	$107M	$580M	$468M	$1.74B	$1.64B	$1.48B
Taxes payable	$739M	$823M	$939M	$1.14B	$1.13B	$1.15B	$1.22B	$1.2B	$1.07B	$1.14B	$1.13B	$0
Deferred revenue	$425M	$501M	$493M	$0	$0	$0	$0	$0	$0	$722M	$0	$0
Other current liabilities	$1.03B	$820M	$687M	$1.22B	$639M	$615M	$642M	$746M	$3.94B	$3.05B	$414M	$0
Current liabilities	$6.98B	$8.64B	$10.7B	$10.4B	$7.89B	$7.01B	$7.83B	$7.75B	$7.11B	$8.59B	$9.23B	$8.91B
Long-term debt	$14.2B	$15.6B	$11.3B	$10.3B	$11B	$11.1B	$11.3B	$11.3B	$11.8B	$10.4B	$10.3B	$9.99B
Lease obligations (non-current)	$333M	$505M	$501M	$445M	$432M	$437M	$444M	$424M	$418M	$415M	$442M	$402M
Deferred tax liabilities	$523M	$2.27B	$2.18B	$2.24B	$2.02B	$2.03B	$2.09B	$1.94B	$1.83B	$1.69B	$1.62B	$1.58B
Other non-current liabilities	$1.74B	$1.84B	$1.72B	$1.76B	$1.64B	$1.69B	$1.78B	$1.79B	$1.91B	$2.28B	$2.29B	$2.29B
Non-current liabilities	$16.8B	$20.3B	$15.7B	$14.8B	$15.1B	$15.2B	$15.7B	$15.5B	$15.9B	$14.8B	$14.7B	$14.3B
Total liabilities	$23.8B	$28.9B	$26.3B	$25.2B	$23B	$22.2B	$23.5B	$23.2B	$23.1B	$23.4B	$23.9B	$23.2B
Equity
Common stock & paid-in capital	$9M	$9M	$9M	$9M	$9M	$9M	$9M	$9M	$10M	$10M	$10M	$10M
Retained earnings	$6.59B	$6.86B	$8.85B	$9.3B	$11.5B	$11.9B	$12.3B	$12.5B	$12.2B	$12.4B	$12.5B	$9.94B
Accumulated other comprehensive income	-$1.49B	-$1.87B	-$1.69B	-$802M	-$2.11B	-$1.47B	-$413M	-$365M	-$269M	-$560M	-$537M	-$639M
Shareholders' equity	$8.68B	$11.6B	$13.8B	$14.7B	$14.1B	$13.9B	$14.7B	$14.5B	$13.8B	$13.5B	$13.1B	$10.1B
Debt
Total debt (incl. leases)	$14.6B	$17.4B	$13.8B	$12.9B	$12.8B	$11.6B	$11.9B	$12.3B	$12.7B	$12.6B	$12.4B	$11.9B
Net debt (debt - cash)	$4.77B	$16.1B	$10.9B	$10.7B	$8.88B	$9.92B	$10.1B	$10.9B	$11.1B	$11.2B	$11.1B	$10.5B

Balance sheet	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$1.32B	$1.13B	$952M	$3.12B	$2.99B	$3.52B	$9.85B	$3.97B	$1.56B
Receivables	$2.66B	$3.24B	$3.35B	$3.44B	$2.91B	$3.37B	$2.08B	$2.65B	$2.64B
Inventory	$1.53B	$1.36B	$1.33B	$1.63B	$1.97B	$2.64B	$1.82B	$2.3B	$2.48B
Other current assets	$489M	$378M	$327M	$343M	$3.54B	$349M	$5.82B	$972M	$1.86B
Current assets	$6B	$6.11B	$5.96B	$8.52B	$11.4B	$9.88B	$19.6B	$9.89B	$8.53B
Property, plant & equipment (net)	$1.68B	$1.65B	$2.5B	$2.6B	$2.47B	$2.88B	$2.58B	$3.55B	$3.71B
Long-term investments	$1.69B	$1.77B	$1.74B	$1.51B	$1.59B	$1.15B	$1.14B	$1.19B	$1.32B
Goodwill	$10.1B	$9.85B	$9.88B	$10.1B	$9.35B	$9.98B	$7.52B	$14.6B	$15.5B
Intangible assets	$1.3B	$1.21B	$1.08B	$1.04B	$509M	$1.34B	$945M	$6.43B	$6.33B
Deferred tax assets	$0	$398M	$500M	$449M	$563M	$612M	$718M	$1.13B	$1.07B
Other non-current assets	$1.25B	$744M	$746M	$833M	$285M	$245M	$342M	$601M	$724M
Non-current assets	$16B	$15.6B	$16.4B	$16.6B	$14.8B	$16.2B	$13.2B	$27.5B	$28.7B
Total assets	$22B	$21.7B	$22.4B	$25.1B	$26.2B	$26.1B	$32.8B	$37.4B	$37.2B
Liabilities
Accounts payable	$1.81B	$1.94B	$1.7B	$1.94B	$2.33B	$2.83B	$2.48B	$2.46B	$2.7B
Accrued expenses	$1.37B	$1.73B	$1.61B	$2.47B	$2.56B	$2.61B	$3B	$4.18B	$0
Short-term debt	$23M	$150M	$237M	$191M	$183M	$140M	$51M	$1.25B	$468M
Taxes payable	$0	$325M	$318M	$234M	$563M	$612M	$739M	$1.13B	$1.07B
Deferred revenue	$0	$472M	$469M	$512M	$415M	$449M	$425M	$553M	$0
Other current liabilities	$1.05B	$0	$0	-$161M	$1.13B	$0	$1.03B	-$553M	$3.94B
Current liabilities	$4.25B	$4.47B	$4.47B	$5.11B	$6.63B	$6.03B	$6.98B	$7.89B	$7.11B
Long-term debt	$135M	$137M	$75M	$10B	$9.51B	$8.7B	$14.2B	$11B	$11.8B
Lease obligations (non-current)	$0	$0	$687M	$642M	$527M	$529M	$333M	$432M	$418M
Deferred tax liabilities	$0	$1.28B	$1.1B	$479M	$354M	$568M	$523M	$2.02B	$1.83B
Other non-current liabilities	$2.82B	$1.72B	$1.64B	$2.25B	$2.06B	$2.18B	$1.74B	$1.64B	$1.91B
Non-current liabilities	$2.95B	$3B	$3.5B	$13.4B	$12.5B	$12B	$16.8B	$15.1B	$15.9B
Total liabilities	$7.2B	$7.47B	$7.97B	$18.5B	$19.1B	$18B	$23.8B	$23B	$23.1B
Equity
Common stock & paid-in capital	$15B	$15.1B	$15.4B	$9M	$9M	$9M	$9M	$9M	$10M
Retained earnings	$0	$0	$0	$1.64B	$2.87B	$5.87B	$6.59B	$11.5B	$12.2B
Accumulated other comprehensive income	-$617M	-$1.22B	-$1.25B	-$745M	-$989M	-$1.69B	-$1.49B	-$2.11B	-$269M
Shareholders' equity	$14.4B	$13.9B	$14.1B	$6.25B	$6.77B	$7.76B	$8.68B	$14.1B	$13.8B
Debt
Total debt (incl. leases)	$158M	$287M	$682M	$11B	$10.2B	$9.37B	$14.6B	$12.7B	$12.7B
Net debt (debt - cash)	-$1.17B	-$842M	-$270M	$7.92B	$7.24B	$5.85B	$4.77B	$8.74B	$11.1B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-02