7Baggers

Carrier Global Corporation
(NYSE:CARR) 

CARR stock logo

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, ...

Founded: 1915
Full Time Employees: 52,635
CEO: David L. Gitlin  
Sector: Industrials
Industry: Building Products & Equipment
Industrials
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 
                             
      net sales
    		                         
      yoy
    		                         
      qoq
    		                         
      product sales
    		4,667,000,000 4,138,000,000 4,906,000,000 5,477,000,000 4,652,000,000 4,530,000,000 5,307,000,000 6,004,000,000 5,542,000,000 4,441,000,000 5,081,000,000 5,355,000,000 4,686,000,000 4,527,000,000 4,891,000,000 4,662,000,000 4,170,000,000 4,256,000,000 4,510,000,000 4,584,000,000 3,864,000,000 3,732,000,000 4,193,000,000 3,275,000,000 3,147,000,000 
      service sales
    		674,000,000 699,000,000 673,000,000 636,000,000 566,000,000 618,000,000 677,000,000 685,000,000 640,000,000 661,000,000 650,000,000 637,000,000 587,000,000 578,000,000 560,000,000 549,000,000 484,000,000 877,000,000 831,000,000 856,000,000 835,000,000 862,000,000 809,000,000 697,000,000 741,000,000 
      total net sales
    		5,341,000,000 4,837,000,000 5,579,000,000 6,113,000,000 5,218,000,000 5,148,000,000 5,984,000,000 6,689,000,000 6,182,000,000 4,249,000,000 5,731,000,000 5,992,000,000 5,273,000,000 3,829,000,000 5,451,000,000 5,211,000,000 4,654,000,000 3,870,000,000 5,341,000,000 5,440,000,000 4,699,000,000     
      costs and expenses
    		                         
      cost of products sold
    		-3,591,000,000 -3,351,000,000 -3,656,000,000 -3,867,000,000 -3,358,000,000 -3,335,000,000 -3,796,000,000 -4,296,000,000 -3,998,000,000 -3,176,000,000 -3,428,000,000 -3,769,000,000 -3,458,000,000 -3,407,000,000 -3,569,000,000 -3,363,000,000 -2,998,000,000 -3,169,000,000 -3,172,000,000 -3,235,000,000 -2,724,000,000 2,721,000,000 2,884,000,000 2,343,000,000 2,237,000,000 
      cost of services sold
    		-506,000,000 -525,000,000 -474,000,000 -477,000,000 -415,000,000 -469,000,000 -511,000,000 -515,000,000 -479,000,000 -492,000,000 -487,000,000 -468,000,000 -437,000,000 -451,000,000 -405,000,000 -401,000,000 -363,000,000 -598,000,000 -568,000,000 -586,000,000 -581,000,000 588,000,000 557,000,000 488,000,000 529,000,000 
      research and development
    		-143,000,000 -160,000,000 -151,000,000 -161,000,000 -153,000,000 -162,000,000 -172,000,000 -187,000,000 -224,000,000 -170,000,000 -157,000,000 -151,000,000 -139,000,000 -149,000,000 -143,000,000 -122,000,000 -125,000,000 -134,000,000 -123,000,000 -125,000,000 -121,000,000 127,000,000 100,000,000 94,000,000 98,000,000 
      selling, general and administrative
    		-861,000,000 -747,000,000 -803,000,000 -813,000,000 -729,000,000 -803,000,000 -799,000,000 -975,000,000 -985,000,000 -961,000,000 -831,000,000 -784,000,000 -721,000,000 -673,000,000 -624,000,000 -614,000,000 -601,000,000 -816,000,000 -748,000,000 -813,000,000 -743,000,000 810,000,000 681,000,000 637,000,000 692,000,000 
      total costs and expenses
    		-5,101,000,000 -4,783,000,000 -5,084,000,000 -5,318,000,000 -4,655,000,000 -4,769,000,000 -5,278,000,000 -5,973,000,000 -5,686,000,000 -3,707,500,000 -4,903,000,000 -5,172,000,000 -4,755,000,000 -3,332,000,000 -4,741,000,000 -4,500,000,000 -4,087,000,000 -3,384,750,000 -4,611,000,000 -4,759,000,000 -4,169,000,000     
      equity method investment net earnings
    		31,000,000 47,000,000 60,000,000 78,000,000 44,000,000 44,000,000 66,000,000 90,000,000 31,000,000 40,000,000 75,000,000 52,000,000 44,000,000 40,000,000 63,000,000 101,000,000 58,000,000 48,000,000 76,000,000 87,000,000 38,000,000 59,000,000 62,000,000 57,000,000 29,000,000 
      other income
    		-12,000,000  -16,000,000 30,000,000 22,000,000 351,000,000 -9,000,000 2,885,000,000 -27,000,000 264,000,000 -258,000,000 -383,000,000 -7,000,000 -32,000,000 753,000,000 7,000,000 1,112,000,000 -1,000,000 22,000,000 15,000,000 3,000,000 838,000,000 239,000,000 -25,000,000 -46,000,000 
      operating profit
    		259,000,000 101,000,000 539,000,000 903,000,000 629,000,000 774,000,000 763,000,000 3,691,000,000 500,000,000 607,000,000 645,000,000 489,000,000 555,000,000 433,000,000 1,526,000,000 819,000,000 1,737,000,000 463,000,000 828,000,000 783,000,000 571,000,000 1,245,000,000 1,081,000,000 442,000,000 315,000,000 
      yoy
    		-58.82% -86.95% -29.36% -75.54% 25.80% 27.51% 18.29% 654.81% -9.91% 40.18% -57.73% -40.29% -68.05% -6.48% 84.30% 4.60% 204.20% -62.81% -23.40% 77.15% 81.27%     
      qoq
    		156.44% -81.26% -40.31% 43.56% -18.73% 1.44% -79.33% 638.20% -17.63% -5.89% 31.90% -11.89% 28.18% -71.63% 86.32% -52.85% 275.16% -44.08% 5.75% 37.13% -54.14% 15.17% 144.57% 40.32%  
      operating margin %
    		Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% 
      non-service pension benefit
    		1,000,000 -2,000,000 -9,000,000  1,000,000  -1,000,000 -1,000,000      -2,000,000  -1,000,000 -1,000,000 10,000,000 14,000,000 19,000,000 18,000,000 13,000,000 16,000,000 14,000,000 17,000,000 
      interest income
    		-90,000,000 -94,000,000 -97,000,000 -91,000,000 -82,000,000 -81,000,000 8,000,000 -166,000,000 -165,000,000 -47,000,000 -51,000,000 -67,000,000 -46,000,000 -54,000,000 -56,000,000 -61,000,000 -48,000,000 -68,000,000 -74,000,000 -71,000,000 -93,000,000 -82,000,000 -88,000,000 -81,000,000 -37,000,000 
      earnings before income taxes
    		170,000,000 5,000,000 433,000,000 812,000,000 548,000,000 693,000,000 770,000,000                   
      income tax benefit
    		96,000,000 32,000,000 1,000,000 -162,000,000 -111,000,000 -723,000,000 -172,000,000 -1,155,000,000 -46,000,000 -131,000,000 -213,000,000 -189,000,000 -122,000,000 -152,250,000 -138,000,000 -170,000,000 -301,000,000 -156,500,000 -288,000,000 -234,000,000 -104,000,000     
      earnings from continuing operations
    		266,000,000 37,000,000 434,000,000 650,000,000 437,000,000 -30,000,000 598,000,000                   
      discontinued operations, net of tax
    		-1,000,000 25,000,000 21,000,000 -17,000,000  2,599,000,000 -117,000,000                   
      net earnings
    		265,000,000 62,000,000 455,000,000 633,000,000 437,000,000 2,569,000,000 481,000,000                   
      yoy
    		-39.36% -97.59% -5.41%                       
      qoq
    		327.42% -86.37% -28.12% 44.85% -82.99% 434.10%                    
      net income margin %
    		Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% NaN% 
      less: non-controlling interest in subsidiaries'
    		27,000,000 9,000,000 27,000,000 42,000,000 25,000,000 18,000,000 34,000,000                   
      net earnings attributable to common shareowners
    		238,000,000 53,000,000 428,000,000 591,000,000 412,000,000 2,551,000,000 447,000,000                   
      amounts attributable to common shareowners:
    		                         
      continuing operations
    		239,000,000 28,000,000 407,000,000 608,000,000 412,000,000 -48,000,000 564,000,000                   
      discontinued operations
    		-1,000,000 25,000,000 21,000,000 -17,000,000  2,599,000,000 -117,000,000                   
      earnings per share
    		                         
      basic:
    		                         
      diluted:
    		                         
      weighted-average number of shares outstanding
    		                         
      basic
    		835 852.4 848.8 854.9 866.9 898.2 901.2 902.4 899.2 837.3 838.7 836 835 843.4 839.6 845.7 853.3 867.7 867.6 868.7 869.3 866.5 866.4 866.2 866 
      diluted
    		842.8 862.4 858.6 866.3 878.3 911.7 915 915.3 913 853 854.7 850.9 852.2 861.2 856.5 862.7 874.1 890.3 892 890.9 889.8 880.2 881.5 870.9 866 
      income from operations before income taxes
    		       3,524,000,000 335,000,000 559,000,000 594,000,000 422,000,000 509,000,000 377,000,000 1,470,000,000 757,000,000 1,688,000,000 405,000,000 768,000,000 731,000,000 496,000,000 1,176,000,000 1,009,000,000 375,000,000 295,000,000 
      net income from operations
    		       2,369,000,000 289,000,000 439,000,000 381,000,000 233,000,000 387,000,000 278,000,000 1,332,000,000 587,000,000 1,387,000,000 332,000,000 480,000,000 497,000,000 392,000,000 887,000,000 748,000,000 269,000,000 102,000,000 
      less: non-controlling interest in subsidiaries' earnings from operations
    		       32,000,000 20,000,000 19,000,000 24,000,000 34,000,000 14,000,000 8,000,000 20,000,000 14,000,000 8,000,000 8,000,000 11,000,000 10,000,000 8,000,000 3,000,000 7,000,000 8,000,000 6,000,000 
      net income attributable to common shareowners
    		       2,337,000,000 269,000,000 420,000,000 357,000,000 199,000,000 373,000,000 270,000,000 1,312,000,000 573,000,000 1,379,000,000 324,000,000 469,000,000 487,000,000 384,000,000 884,000,000 741,000,000 261,000,000 96,000,000 
      earnings per share
    		                         
      basic
    		       2.59 0.3 0.5 0.43 0.24 0.45 0.33 1.56 0.68 1.62 0.38 0.54 0.56 0.44 1.02 0.86 0.3 0.11 
      diluted
    		       2.55 0.29 0.49 0.42 0.23 0.44 0.32 1.53 0.67 1.58 0.37 0.53 0.55 0.43 1 0.84 0.3 0.11 
      income tax expense
    		                     289,000,000 261,000,000 106,000,000 193,000,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 
                               
        assets
      		                         
        cash and cash equivalents
      		1,371,000,000 1,555,000,000 1,423,000,000 1,797,000,000 1,698,000,000 3,969,000,000 2,225,000,000 2,919,000,000 1,313,000,000 10,015,000,000 3,902,000,000 3,209,000,000 3,347,000,000 3,520,000,000 2,985,000,000 3,017,000,000 3,604,000,000 2,987,000,000 2,671,000,000 2,630,000,000 2,599,000,000 3,115,000,000 3,848,000,000 2,704,000,000 768,000,000 
        accounts receivable
      		3,130,000,000 2,639,000,000 3,129,000,000 3,373,000,000 2,979,000,000 2,651,000,000 2,726,000,000 3,187,000,000 3,156,000,000 2,481,000,000 3,030,000,000 3,212,000,000 3,032,000,000 2,833,000,000 3,003,000,000 2,823,000,000 2,599,000,000 2,403,000,000 2,669,000,000 3,128,000,000 2,831,000,000 2,781,000,000 2,872,000,000 2,665,000,000 2,674,000,000 
        inventories
      		2,581,000,000 2,483,000,000 3,004,000,000 2,888,000,000 2,648,000,000 2,299,000,000 2,646,000,000 3,045,000,000 3,189,000,000 2,217,000,000 2,562,000,000 2,699,000,000 2,803,000,000 2,640,000,000 2,664,000,000 2,350,000,000 2,358,000,000 1,970,000,000 1,926,000,000 1,885,000,000 1,854,000,000 1,629,000,000 1,581,000,000 1,639,000,000 1,556,000,000 
        assets held for sale
      		621,000,000 592,000,000     2,680,000,000 1,601,000,000  3,314,000,000        3,168,000,000 3,148,000,000       
        other current assets
      		1,315,000,000  1,283,000,000 1,073,000,000 1,119,000,000  917,000,000 488,000,000                  
        total current assets
      		9,018,000,000 8,533,000,000 8,839,000,000 9,131,000,000 8,444,000,000 9,891,000,000 11,194,000,000 11,573,000,000 11,715,000,000 18,780,000,000 10,511,000,000 10,141,000,000 10,158,000,000 9,879,000,000 9,740,000,000 9,276,000,000 9,602,000,000 11,407,000,000 11,300,000,000 8,754,000,000 8,328,000,000 8,524,000,000 9,334,000,000 8,053,000,000 5,968,000,000 
        future income tax benefits
      		1,137,000,000 1,074,000,000 1,199,000,000 1,220,000,000 1,149,000,000 1,131,000,000 1,142,000,000 939,000,000 823,000,000 739,000,000 712,000,000 690,000,000 639,000,000 612,000,000 619,000,000 566,000,000 517,000,000 563,000,000 456,000,000 461,000,000 461,000,000 449,000,000 439,000,000 419,000,000 454,000,000 
        fixed assets
      		3,122,000,000 3,165,000,000 3,214,000,000 3,182,000,000 3,040,000,000 2,999,000,000 3,015,000,000 3,117,000,000 3,179,000,000 2,293,000,000 2,210,000,000 2,262,000,000 2,277,000,000 2,241,000,000 2,055,000,000 1,805,000,000 1,825,000,000 1,826,000,000 1,764,000,000 1,837,000,000 1,777,000,000 1,810,000,000 1,676,000,000 1,651,000,000 1,638,000,000 
        operating lease right-of-use assets
      		551,000,000 546,000,000 558,000,000 575,000,000 563,000,000 554,000,000 568,000,000 635,000,000 633,000,000 491,000,000 577,000,000 600,000,000 625,000,000 642,000,000 625,000,000 595,000,000 596,000,000 640,000,000 626,000,000 786,000,000 770,000,000 788,000,000 823,000,000 843,000,000 865,000,000 
        intangible assets
      		5,987,000,000 6,326,000,000 6,560,000,000 6,770,000,000 6,480,000,000 6,432,000,000 7,118,000,000 7,048,000,000 7,351,000,000 1,028,000,000 1,100,000,000 1,181,000,000 1,287,000,000 1,342,000,000 1,309,000,000 458,000,000 488,000,000 509,000,000 481,000,000 1,071,000,000 1,002,000,000 1,037,000,000 1,024,000,000 1,024,000,000 1,014,000,000 
        goodwill
      		15,313,000,000 15,501,000,000 15,680,000,000 15,672,000,000 14,959,000,000 14,601,000,000 15,294,000,000 15,245,000,000 15,366,000,000 7,989,000,000 9,825,000,000 9,927,000,000 9,987,000,000 9,977,000,000 9,621,000,000 9,067,000,000 9,288,000,000 9,349,000,000 9,237,000,000 10,279,000,000 10,077,000,000 10,139,000,000 9,906,000,000 9,735,000,000 9,648,000,000 
        pension and post-retirement assets
      		58,000,000 56,000,000 50,000,000 50,000,000 48,000,000 43,000,000 54,000,000 81,000,000 78,000,000 32,000,000 29,000,000 32,000,000 29,000,000 26,000,000 23,000,000 31,000,000 37,000,000 43,000,000 25,000,000 635,000,000 607,000,000 554,000,000 574,000,000 521,000,000 473,000,000 
        equity method investments
      		1,331,000,000 1,321,000,000 1,381,000,000 1,353,000,000 1,253,000,000 1,194,000,000 1,287,000,000 1,221,000,000 1,155,000,000 1,140,000,000 1,166,000,000 1,139,000,000 1,103,000,000 1,148,000,000 1,151,000,000 1,671,000,000 1,638,000,000 1,593,000,000 1,619,000,000 1,572,000,000 1,530,000,000 1,513,000,000 1,696,000,000 1,697,000,000 1,664,000,000 
        other assets
      		669,000,000 668,000,000 596,000,000 540,000,000 511,000,000 558,000,000 529,000,000 565,000,000 510,000,000 330,000,000 414,000,000 312,000,000 306,000,000 219,000,000 207,000,000 193,000,000 202,000,000 242,000,000 280,000,000 343,000,000 316,000,000 279,000,000 256,000,000 233,000,000 277,000,000 
        total assets
      		37,186,000,000 37,190,000,000 38,077,000,000 38,493,000,000 36,447,000,000 37,403,000,000 40,201,000,000 40,424,000,000 40,810,000,000 32,822,000,000 26,544,000,000 26,284,000,000 26,411,000,000 26,086,000,000 25,350,000,000 23,662,000,000 24,193,000,000 26,172,000,000 25,788,000,000 25,738,000,000 24,868,000,000 25,093,000,000 25,728,000,000 24,176,000,000 22,001,000,000 
        liabilities and equity
      		                         
        accounts payable
      		2,979,000,000 2,702,000,000 2,959,000,000 3,214,000,000 3,015,000,000 2,458,000,000 2,829,000,000 3,181,000,000 3,074,000,000 2,742,000,000 2,887,000,000 2,956,000,000 2,926,000,000 2,833,000,000 2,817,000,000 2,403,000,000 2,519,000,000 2,334,000,000 2,158,000,000 2,362,000,000 2,175,000,000 1,936,000,000 2,019,000,000 1,765,000,000 1,776,000,000 
        accrued liabilities
      		3,700,000,000 3,774,000,000 4,208,000,000 4,508,000,000 3,892,000,000 4,182,000,000 4,233,000,000 4,262,000,000 2,994,000,000 2,811,000,000 2,832,000,000 2,661,000,000 2,374,000,000 2,610,000,000 2,537,000,000 2,430,000,000 2,330,000,000 2,561,000,000 2,260,000,000 2,541,000,000 2,265,000,000 2,471,000,000 2,445,000,000 2,246,000,000 1,972,000,000 
        liabilities held for sale
      		170,000,000 170,000,000     1,221,000,000 687,000,000  862,000,000        1,134,000,000 1,102,000,000       
        short-term borrowings and current portion of long-term debt
      		1,736,000,000 468,000,000 580,000,000                       
        total current liabilities
      		8,585,000,000 7,114,000,000 7,747,000,000 7,829,000,000 7,011,000,000 7,892,000,000 10,378,000,000 10,675,000,000 8,637,000,000 6,891,000,000 6,349,000,000 6,234,000,000 5,958,000,000 6,032,000,000 6,013,000,000 5,546,000,000 5,531,000,000 6,627,000,000 6,068,000,000 5,604,000,000 5,138,000,000 5,110,000,000 5,182,000,000 4,789,000,000 4,451,000,000 
        long-term debt
      		10,422,000,000 11,365,000,000 11,336,000,000 11,336,000,000 11,080,000,000 11,026,000,000 10,337,000,000 11,270,000,000 15,647,000,000 14,242,000,000 8,651,000,000 8,655,000,000 8,708,000,000 8,702,000,000 8,670,000,000 8,298,000,000 8,305,000,000 9,513,000,000 9,558,000,000 9,600,000,000 9,577,000,000 10,036,000,000 11,751,000,000 11,728,000,000 11,029,000,000 
        future pension and post-retirement obligations
      		188,000,000 192,000,000 220,000,000 221,000,000 218,000,000 214,000,000 209,000,000 247,000,000 259,000,000 155,000,000 337,000,000 350,000,000 354,000,000 349,000,000 431,000,000 366,000,000 376,000,000 380,000,000 416,000,000 511,000,000 507,000,000 524,000,000 473,000,000 462,000,000 456,000,000 
        future income tax obligations
      		1,688,000,000 1,833,000,000 1,943,000,000 2,087,000,000 2,028,000,000 2,015,000,000 2,241,000,000 2,184,000,000 2,272,000,000 535,000,000 553,000,000 560,000,000 581,000,000 568,000,000 522,000,000 335,000,000 366,000,000 354,000,000 331,000,000 556,000,000 477,000,000 479,000,000 471,000,000 445,000,000 1,161,000,000 
        operating lease liabilities
      		415,000,000 418,000,000 424,000,000 444,000,000 437,000,000 432,000,000 445,000,000 501,000,000 505,000,000 391,000,000 465,000,000 485,000,000 506,000,000 529,000,000 514,000,000 490,000,000 491,000,000 527,000,000 515,000,000 635,000,000 621,000,000 642,000,000 676,000,000 688,000,000 708,000,000 
        other long-term liabilities
      		2,087,000,000 2,140,000,000 1,568,000,000 1,562,000,000 1,475,000,000 1,429,000,000 1,549,000,000 1,468,000,000 1,584,000,000 1,603,000,000 1,687,000,000 1,712,000,000 1,836,000,000 1,830,000,000 1,737,000,000 1,635,000,000 1,694,000,000 1,677,000,000 1,678,000,000 1,712,000,000 1,730,000,000 1,724,000,000 1,738,000,000 1,698,000,000 1,170,000,000 
        total liabilities
      		23,385,000,000 23,062,000,000 23,238,000,000 23,479,000,000 22,249,000,000 23,008,000,000 25,159,000,000 26,345,000,000 28,904,000,000 23,817,000,000 18,042,000,000 17,996,000,000 17,943,000,000 18,010,000,000 17,887,000,000 16,670,000,000 16,763,000,000 19,078,000,000 18,566,000,000 18,618,000,000 18,050,000,000 18,515,000,000 20,291,000,000 19,810,000,000 18,975,000,000 
        commitments and contingent liabilities
      		                         
        equity
      		                         
        common stock
      		10,000,000 10,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000 9,000,000  
        treasury stock
      		-7,104,000,000 -6,795,000,000 -6,311,000,000 -5,522,000,000 -5,188,000,000 -3,915,000,000 -2,403,000,000 -1,972,000,000 -1,972,000,000 -1,972,000,000 -1,972,000,000 -1,972,000,000 -1,972,000,000 -1,910,000,000 -1,791,000,000 -1,543,000,000 -1,270,000,000 -529,000,000 -276,000,000 -130,000,000 -38,000,000     
        additional paid-in capital
      		8,675,000,000 8,665,000,000 8,646,000,000 8,338,000,000 8,616,000,000 8,610,000,000 8,588,000,000 8,563,000,000 8,536,000,000 5,535,000,000 5,517,000,000 5,494,000,000 5,494,000,000 5,481,000,000 5,463,000,000 5,441,000,000 5,415,000,000 5,411,000,000 5,384,000,000 5,366,000,000 5,350,000,000 5,345,000,000 5,327,000,000 5,307,000,000  
        retained earnings
      		12,431,000,000 12,193,000,000 12,530,000,000 12,294,000,000 11,895,000,000 11,483,000,000 9,301,000,000 8,854,000,000 6,860,000,000 6,591,000,000 6,486,000,000 6,129,000,000 6,239,000,000 5,866,000,000 5,876,000,000 4,564,000,000 4,244,000,000 2,865,000,000 2,774,000,000 2,305,000,000 2,027,000,000 1,643,000,000 932,000,000 191,000,000  
        accumulated other comprehensive income
      		-560,000,000 -269,000,000    -2,106,000,000    -1,486,000,000    -1,688,000,000    -989,000,000        
        non-controlling interest
      		349,000,000 324,000,000 330,000,000 308,000,000 339,000,000 314,000,000 349,000,000 311,000,000 345,000,000 328,000,000 318,000,000 319,000,000 334,000,000 318,000,000 311,000,000 296,000,000 329,000,000 327,000,000 322,000,000 364,000,000 329,000,000 326,000,000 341,000,000 338,000,000 329,000,000 
        total equity
      		13,801,000,000 14,128,000,000 14,839,000,000 15,014,000,000 14,198,000,000 14,395,000,000 15,042,000,000 14,079,000,000 11,906,000,000 9,005,000,000 8,502,000,000 8,288,000,000 8,468,000,000 8,076,000,000 7,463,000,000 6,992,000,000 7,430,000,000 7,094,000,000 7,222,000,000 7,120,000,000 6,818,000,000 6,578,000,000 5,437,000,000 4,366,000,000 3,026,000,000 
        total liabilities and equity
      		37,186,000,000 37,190,000,000 38,077,000,000 38,493,000,000 36,447,000,000 37,403,000,000 40,201,000,000 40,424,000,000 40,810,000,000 32,822,000,000 26,544,000,000 26,284,000,000 26,411,000,000 26,086,000,000 25,350,000,000 23,662,000,000 24,193,000,000 26,172,000,000 25,788,000,000 25,738,000,000 24,868,000,000 25,093,000,000 25,728,000,000 24,176,000,000 22,001,000,000 
        other assets, current
      		 1,264,000,000    972,000,000   568,000,000 447,000,000 412,000,000 443,000,000 408,000,000 349,000,000 422,000,000 374,000,000 386,000,000 376,000,000 384,000,000 416,000,000 350,000,000 343,000,000 280,000,000 284,000,000 319,000,000 
        accumulated other comprehensive loss
      		  -365,000,000 -413,000,000 -1,473,000,000  -802,000,000 -1,686,000,000 -1,872,000,000  -1,856,000,000 -1,691,000,000 -1,636,000,000  -2,405,000,000 -1,775,000,000 -1,297,000,000  -991,000,000 -794,000,000 -859,000,000 -745,000,000 -1,172,000,000 -1,479,000,000 -1,736,000,000 
        current portion of long-term debt
      		   107,000,000 104,000,000 1,252,000,000 2,095,000,000 2,052,000,000 1,248,000,000 51,000,000 134,000,000 134,000,000 142,000,000 140,000,000 219,000,000 269,000,000 256,000,000 183,000,000 130,000,000 125,000,000 153,000,000 191,000,000 223,000,000 301,000,000 218,000,000 
        contract assets
      		       333,000,000                  
        contract liabilities
      		       493,000,000                  
        contract assets, current
      		        320,000,000 306,000,000 605,000,000 578,000,000 568,000,000 537,000,000 666,000,000 712,000,000 655,000,000 503,000,000 502,000,000 695,000,000 694,000,000 656,000,000 753,000,000 761,000,000 651,000,000 
        assets held for sale, current
      		        3,169,000,000                 
        contract liabilities, current
      		        501,000,000 425,000,000 496,000,000 483,000,000 516,000,000 449,000,000 440,000,000 444,000,000 426,000,000 415,000,000 418,000,000 576,000,000 545,000,000 512,000,000 495,000,000 477,000,000 485,000,000 
        liabilities held for sale, current
      		        820,000,000                 
        utc net investment
      		                        4,433,000,000 
        total utc net investment
      		                        2,697,000,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 
                                 
          operating activities
        		                         
          net earnings
        		265,000,000 62,000,000 455,000,000 633,000,000 437,000,000 2,569,000,000                    
          discontinued operations, net of tax
        		1,000,000 -25,000,000 -21,000,000   -2,599,000,000                    
          adjustments for non-cash items, net:
        		                         
          depreciation and amortization
        		315,000,000 329,000,000 325,000,000 317,000,000 303,000,000 318,000,000 289,000,000 311,000,000 314,000,000 135,000,000 134,000,000 137,000,000 136,000,000 123,000,000 102,000,000 76,000,000 79,000,000 87,000,000 83,000,000 85,000,000 83,000,000 95,000,000 82,000,000 78,000,000 81,000,000 
          deferred income tax provision
        		-179,000,000 -85,000,000 -158,000,000 -89,000,000 -69,000,000 -56,000,000 42,000,000 -215,000,000 -123,000,000 -82,000,000 -41,000,000 -86,000,000 -24,000,000 -17,000,000 -90,000,000 -65,000,000 48,000,000 -143,000,000 36,000,000 35,000,000 -2,000,000 -24,000,000 -14,000,000 0 135,000,000 
          stock-based compensation costs
        		21,000,000  11,000,000 21,000,000 23,000,000  17,000,000 26,000,000 22,000,000  23,000,000 18,000,000 22,000,000  17,000,000 20,000,000 21,000,000  20,000,000 21,000,000 19,000,000     
          equity method investment net earnings
        		-31,000,000 -47,000,000 -60,000,000 -78,000,000 -44,000,000 -44,000,000 -66,000,000 -90,000,000 -31,000,000 -40,000,000 -75,000,000 -52,000,000 -44,000,000 -40,000,000 -63,000,000 -101,000,000 -58,000,000 -48,000,000 -76,000,000 -87,000,000 -38,000,000 -59,000,000 -62,000,000 -57,000,000 -29,000,000 
          loss on sale of investments
        		-3,000,000  0          -16,000,000 29,000,000 -725,000,000 -7,000,000 -1,112,000,000         
          changes in operating assets and liabilities
        		                         
          accounts receivable
        		-509,000,000 392,000,000 212,000,000 -340,000,000 -362,000,000 95,000,000 151,000,000 -81,000,000 -205,000,000 149,000,000 109,000,000 -249,000,000 -157,000,000 288,000,000 50,000,000 -276,000,000 -207,000,000 193,000,000 -2,000,000 -205,000,000 -83,000,000 166,000,000 -144,000,000 46,000,000 -19,000,000 
          inventories
        		-138,000,000 447,000,000 -116,000,000 -111,000,000 -301,000,000 216,000,000 78,000,000 70,000,000 -72,000,000 230,000,000 66,000,000 67,000,000 -126,000,000 158,000,000 -57,000,000 -45,000,000 -390,000,000 -64,000,000 -134,000,000 38,000,000 -248,000,000 -3,000,000 88,000,000 -61,000,000 -264,000,000 
          accounts payable and accrued liabilities
        		351,000,000 -389,000,000 -208,000,000 -103,000,000 481,000,000 345,000,000 -1,376,000,000 1,313,000,000 -195,000,000 -14,000,000 371,000,000 145,000,000 -25,000,000 -119,000,000 101,000,000 -53,000,000 132,000,000 333,000,000 128,000,000 217,000,000 151,000,000 -292,000,000 377,000,000 176,000,000 -24,000,000 
          distributions from equity method investments
        		12,000,000 96,000,000 24,000,000 4,000,000 77,000,000 10,000,000 24,000,000 5,000,000 7,000,000 84,000,000 35,000,000 7,000,000 3,000,000 93,000,000 40,000,000 4,000,000 11,000,000 94,000,000 23,000,000 30,000,000 12,000,000 81,000,000 39,000,000 39,000,000 10,000,000 
          other operating activities
        		-39,000,000 229,000,000 -140,000,000 5,000,000 -52,000,000 -198,000,000   143,000,000 15,000,000 28,000,000 -39,000,000 -6,000,000 65,000,000 38,000,000 -43,000,000 83,000,000 73,000,000 42,000,000 -69,000,000 -50,000,000 146,000,000 9,000,000 71,000,000 -6,000,000 
          net cash flows from continuing operating activities
        		66,000,000 1,013,000,000 324,000,000 264,000,000 488,000,000 363,000,000                    
          net cash flows from discontinued operating activities
        		13,000,000 27,000,000 17,000,000 385,000,000 -5,000,000 -231,000,000                    
          net cash flows from operating activities
        		79,000,000 1,040,000,000 341,000,000 649,000,000 483,000,000 132,000,000 -269,000,000 660,000,000 40,000,000 1,062,000,000 1,041,000,000 384,000,000 120,000,000 1,123,000,000 790,000,000 32,000,000 -202,000,000 913,000,000 579,000,000 561,000,000 184,000,000 199,000,000 937,000,000 509,000,000 47,000,000 
          investing activities
        		                         
          capital expenditures
        		-94,000,000 -131,000,000 -117,000,000 -81,000,000 -63,000,000 -217,000,000 -87,000,000 -111,000,000 -104,000,000 -233,000,000 -92,000,000 -74,000,000 -70,000,000 -140,000,000 -91,000,000 -66,000,000 -56,000,000 -138,000,000 -74,000,000 -79,000,000 -53,000,000 -161,000,000 -57,000,000 -46,000,000 -48,000,000 
          free cash flows
        		-15,000,000 909,000,000 224,000,000 568,000,000 420,000,000 -85,000,000 -356,000,000 549,000,000 -64,000,000 829,000,000 949,000,000 310,000,000 50,000,000 983,000,000 699,000,000 -34,000,000 -258,000,000 775,000,000 505,000,000 482,000,000 131,000,000 38,000,000 880,000,000 463,000,000 -1,000,000 
          investment in businesses, net of cash acquired
        		-23,000,000 -15,000,000 -31,000,000 -49,000,000 -12,000,000 -17,000,000 -94,000,000 -7,000,000 -10,772,000,000 -15,000,000 -13,000,000 -4,000,000 -52,000,000 -34,000,000 -434,000,000 -29,000,000 -9,000,000 -152,000,000 -47,000,000 -161,000,000 -6,000,000     
          dispositions of businesses
        		8,000,000 19,000,000 0 0 8,000,000     0 18,000,000 1,000,000 35,000,000 -42,000,000 0 9,000,000 2,935,000,000  2,000,000       
          settlement of derivative contracts
        		35,000,000 -15,000,000 33,000,000 51,000,000 36,000,000 -77,000,000 -2,000,000 24,000,000 -209,000,000 16,000,000 -52,000,000 4,000,000 -18,000,000 8,000,000 -79,000,000 -91,000,000 -32,000,000 22,000,000 -12,000,000 -14,000,000 8,000,000     
          other investing activities
        		9,000,000 31,000,000 -4,000,000 -4,000,000 1,000,000 -17,000,000 2,000,000 25,000,000 4,000,000 3,000,000 4,000,000 11,000,000 5,000,000  4,000,000 2,000,000 -18,000,000 -2,000,000 6,000,000 1,000,000 2,000,000 -13,000,000 0 94,000,000 -80,000,000 
          net cash flows from continuing investing activities
        		-65,000,000 -111,000,000 -119,000,000 -83,000,000 -30,000,000 306,000,000                    
          net cash flows from discontinued investing activities
        		 1,000,000 0 28,000,000 7,000,000 2,783,000,000                    
          net cash flows from investing activities
        		-65,000,000 -110,000,000 -119,000,000 -55,000,000 -23,000,000 3,089,000,000 1,159,000,000 4,808,000,000 -11,081,000,000 -229,000,000 -135,000,000 -196,000,000 -100,000,000 -300,000,000 -600,000,000 -175,000,000 2,820,000,000 -266,000,000 -125,000,000 -252,000,000 -49,000,000 876,000,000 333,000,000 25,000,000 -128,000,000 
          financing activities
        		                         
          increase in short-term borrowings
        		371,000,000 -112,000,000 444,000,000 -8,000,000 -49,000,000 13,000,000   19,000,000 20,000,000 -16,000,000 -29,000,000 10,000,000 -15,000,000 -103,000,000 11,000,000 -33,000,000 30,000,000 -4,000,000 -41,000,000 28,000,000 -1,000,000 -5,000,000 27,000,000 -44,000,000 
          issuance of long-term debt
        		22,000,000 16,000,000 17,000,000 6,000,000 9,000,000 826,000,000 31,000,000 7,000,000 2,548,000,000 5,595,000,000 8,000,000 1,000,000 5,000,000 11,000,000 400,000,000 7,000,000 14,000,000 18,000,000 48,000,000 23,000,000 51,000,000 22,000,000 28,000,000 773,000,000 10,961,000,000 
          repayment of long-term debt
        		-16,000,000 -3,000,000 -1,000,000 -3,000,000 -1,205,000,000 -815,000,000 -988,000,000 -3,537,000,000 -5,000,000 -96,000,000 -3,000,000 -10,000,000 -2,000,000 -90,000,000 -58,000,000 -4,000,000 -1,123,000,000 -12,000,000 -87,000,000 -35,000,000 -570,000,000 -1,787,000,000 -88,000,000 -2,000,000 -34,000,000 
          repurchases of common stock
        		-306,000,000 -479,000,000 -785,000,000 -340,000,000 -1,288,000,000 -1,513,000,000    0 0 0 -62,000,000 -119,000,000 -247,000,000 -280,000,000 -734,000,000 -252,000,000 -145,000,000 -94,000,000 -36,000,000     
          dividends paid on common stock
        		-201,000,000 -189,000,000 -193,000,000 -192,000,000 -198,000,000 -156,000,000 -184,000,000 -171,000,000 -159,000,000 -155,000,000 -156,000,000 -155,000,000 -154,000,000 -125,000,000 -127,000,000 -128,000,000 -129,000,000 -104,000,000 -104,000,000 -105,000,000 -104,000,000 -68,000,000    
          dividends paid to non-controlling interest
        		-1,000,000 -20,000,000 -72,000,000   -12,000,000 -5,000,000 -65,000,000 -2,000,000 -12,000,000 -5,000,000   -24,000,000 0   -10,000,000 -2,000,000 -25,000,000 -5,000,000 -31,000,000 -9,000,000 0 -8,000,000 
          other financing activities
        		-10,000,000 0 -1,000,000 -1,000,000 -16,000,000 -15,000,000 7,000,000 0 -22,000,000 -52,000,000 -10,000,000 -59,000,000 -10,000,000 15,000,000 -15,000,000 2,000,000 -15,000,000 -7,000,000 -33,000,000 22,000,000 -7,000,000 11,000,000 2,000,000 4,000,000 -3,000,000 
          net cash flows from continuing financing activities
        		-141,000,000 -787,000,000 -591,000,000 -547,000,000 -2,747,000,000 -1,672,000,000                    
          net cash flows from discontinued financing activities
        		     -14,000,000                    
          net cash flows from financing activities
        		-141,000,000 -787,000,000 -591,000,000 -547,000,000 -2,747,000,000 -1,686,000,000 -1,544,000,000 -3,785,000,000 2,379,000,000 5,300,000,000 -182,000,000 -293,000,000 -213,000,000 -347,000,000 -150,000,000 -414,000,000 -2,020,000,000 -337,000,000 -327,000,000 -255,000,000 -643,000,000 -1,854,000,000 -142,000,000 1,391,000,000 -76,000,000 
          effect of foreign exchange rate changes on cash and cash equivalents
        		-13,000,000 13,000,000 -5,000,000 51,000,000 17,000,000 -85,000,000 64,000,000 -14,000,000 -68,000,000 133,000,000 -32,000,000 -33,000,000 20,000,000 59,000,000 -74,000,000 -40,000,000 -1,000,000 -1,000,000 -13,000,000 7,000,000 -9,000,000   11,000,000 -28,000,000 
          net increase in cash and cash equivalents and restricted cash, including cash classified in current assets held for sale
        		-140,000,000 156,000,000 -374,000,000 98,000,000 -2,270,000,000 1,450,000,000 -590,000,000 1,669,000,000 -8,730,000,000                 
          less: change in cash balances classified as assets held for sale
        		43,000,000     -284,000,000 -70,000,000 64,000,000 -30,000,000         -14,000,000        
          net increase in cash and cash equivalents and restricted cash
        		-183,000,000 131,000,000 -374,000,000 98,000,000 -2,270,000,000 1,734,000,000 -520,000,000 1,605,000,000 -8,700,000,000 6,109,000,000 692,000,000 -138,000,000 -173,000,000 535,000,000   597,000,000 249,000,000 114,000,000 61,000,000 -517,000,000 -734,000,000 1,145,000,000   
          cash, cash equivalents and restricted cash, beginning of period
        		1,557,000,000 0 0 0 3,972,000,000 -1,000,000 -163,000,000 0 10,017,000,000 0 0 0 3,527,000,000 1,000,000 0 0 3,025,000,000 -1,000,000 0 0 3,120,000,000 0 0 0 957,000,000 
          cash, cash equivalents and restricted cash, end of period
        		1,374,000,000 131,000,000 -374,000,000 98,000,000 1,702,000,000 1,733,000,000 -683,000,000 1,605,000,000 1,317,000,000 6,109,000,000 692,000,000 -138,000,000 3,354,000,000 536,000,000 -34,000,000 -597,000,000 3,622,000,000 322,000,000 40,000,000 61,000,000 2,603,000,000 -734,000,000 1,145,000,000 1,936,000,000 772,000,000 
          less: restricted cash
        		3,000,000 -1,000,000 0 -1,000,000 4,000,000 -11,000,000 11,000,000 -1,000,000 4,000,000 -4,000,000 -1,000,000 0 7,000,000 1,000,000 -2,000,000 -10,000,000 18,000,000 6,000,000 -1,000,000 30,000,000 4,000,000 -1,000,000 1,000,000 0 4,000,000 
          cash and cash equivalents, end of period
        		1,371,000,000 132,000,000 -374,000,000 99,000,000 1,698,000,000 1,744,000,000 -694,000,000 1,606,000,000 1,313,000,000 6,113,000,000 693,000,000 -138,000,000 3,347,000,000 535,000,000 -32,000,000 -587,000,000 3,604,000,000 316,000,000 41,000,000 31,000,000 2,599,000,000 -733,000,000 1,144,000,000 1,936,000,000 768,000,000 
          stock-based compensation cost
        		                         
          loss on extinguishment of debt
        		     6,000,000        0 0 0 -36,000,000         
          loss on sale of investments / deconsolidation
        		    -5,000,000 -320,000,000 2,879,000,000   0 2,000,000               
          payment to former shareholders of tcc
        		                         
          net income from operations
        		       2,369,000,000 289,000,000 439,000,000 381,000,000 233,000,000 387,000,000 278,000,000 1,332,000,000 587,000,000 1,387,000,000 332,000,000 480,000,000 497,000,000 392,000,000 887,000,000 748,000,000 269,000,000 102,000,000 
          adjustments to reconcile net income to net cash flows from operating activities:
        		                         
          contract assets
        		                         
          other current assets
        		                         
          contract liabilities
        		                         
          kidde-fenwal, inc. deconsolidation
        		         0 0               
          contract assets, current
        		        -33,000,000 167,000,000 -34,000,000 -12,000,000 -28,000,000 150,000,000 23,000,000 -70,000,000 -154,000,000 19,000,000 -25,000,000 3,000,000 -44,000,000 111,000,000 20,000,000 -101,000,000 -39,000,000 
          other assets, current
        		        -52,000,000 -42,000,000 30,000,000 -45,000,000 -60,000,000 107,000,000 34,000,000 -22,000,000 -15,000,000 9,000,000 7,000,000 -4,000,000 -23,000,000 -49,000,000 20,000,000 42,000,000 -10,000,000 
          contract liabilities, current
        		        -18,000,000 19,000,000 18,000,000 -27,000,000 64,000,000 -5,000,000 -8,000,000 29,000,000 13,000,000 8,000,000 1,000,000 3,000,000 39,000,000 2,000,000 7,000,000 -14,000,000 51,000,000 
          defined benefit plan contributions
        		        -6,000,000 -16,000,000 -6,000,000 -5,000,000 -6,000,000 -6,000,000 -4,000,000 -2,000,000 -4,000,000 -18,000,000 -2,000,000 -3,000,000 -24,000,000 -12,000,000    
          adjustments to reconcile net income from operations to net cash flows from operating activities
        		                         
          impairment charge on minority-owned joint venture investments
        		                 0    0 0   
          proceeds on sale of investments
        		                         
          net transfers to utc
        		                     0 0 589,000,000 -10,948,000,000 
          loss on sale of investments and businesses
        		                         
          adjustments to reconcile net income from operations to net cash flows from operating activities, net of acquisitions and dispositions
        		                         
          equity compensation cost
        		                         
          gains on sale of investments and businesses
        		                         
          proceeds on sale of investments and businesses
        		                         
          receipt from settlement of derivative contracts
        		                     -27,000,000    
          stock compensation costs
        		                      21,000,000 22,000,000 13,000,000 
          gain on sale of investment
        		                         
          proceeds on sale of investment
        		                         
          pension contributions
        		                       -2,000,000 -25,000,000 
          (payment) receipt from settlement of derivative contracts
        		                         
          impairment charge on minority owned joint venture investment
        		                        71,000,000 
          net decrease in cash and cash equivalents and restricted cash
        		                        -185,000,000