Analysis of Debt

Carrier Global Corp., balance sheet: debt

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Current portion of long-term debt	140)	183)	191)
Long-term debt, net of current portion	8,702)	9,513)	10,036)
Total long-term debt, including current portion (carrying amount)	8,842)	9,696)	10,227)

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Debt item	Description	The company
Total long-term debt, including current portion (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Carrier Global Corp. total debt decreased from 2020 to 2021 and from 2021 to 2022.

	Dec 31, 2022
Selected Financial Data (US$ in millions)
Long-term notes	6,832)
Japanese Term Loan Facility	404)
Other debt, including project financing obligations and finance leases	149)
Total long-term debt, including current portion (fair value)	7,385)
Financial Ratio
Debt, fair value to carrying amount ratio	0.84

Weighted-average interest rate on borrowings: 2.90%

Interest rate	Debt amount¹	Interest rate × Debt amount
2.90%	8,842)	256)
Total	8,842)	256)
2.90%

¹ US$ in millions

² Weighted-average interest rate = 100 × 256 ÷ 8,842 = 2.90%

Carrier Global Corp. (NYSE:CARR)