Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Carrier Global Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	3,347)	3,520)	2,985)	3,017)	3,604)	2,987)	2,671)	2,630)	2,599)	3,115)	3,848)	2,704)	768)
Accounts receivable, net	3,032)	2,833)	3,003)	2,823)	2,599)	2,403)	2,669)	3,128)	2,831)	2,781)	2,872)	2,665)	2,674)
Contract assets, current	568)	537)	666)	712)	655)	503)	502)	695)	694)	656)	753)	761)	651)
Inventories, net	2,803)	2,640)	2,664)	2,350)	2,358)	1,970)	1,926)	1,885)	1,854)	1,629)	1,581)	1,639)	1,556)
Assets held for sale	—)	—)	—)	—)	—)	3,168)	3,148)	—)	—)	—)	—)	—)	—)
Other assets, current	408)	349)	422)	374)	386)	376)	384)	416)	350)	343)	280)	284)	319)
Current assets	10,158)	9,879)	9,740)	9,276)	9,602)	11,407)	11,300)	8,754)	8,328)	8,524)	9,334)	8,053)	5,968)
Future income tax benefits	639)	612)	619)	566)	517)	563)	456)	461)	461)	449)	439)	419)	454)
Fixed assets, net	2,277)	2,241)	2,055)	1,805)	1,825)	1,826)	1,764)	1,837)	1,777)	1,810)	1,676)	1,651)	1,638)
Operating lease right-of-use assets	625)	642)	625)	595)	596)	640)	626)	786)	770)	788)	823)	843)	865)
Intangible assets, net	1,287)	1,342)	1,309)	458)	488)	509)	481)	1,071)	1,002)	1,037)	1,024)	1,024)	1,014)
Goodwill	9,987)	9,977)	9,621)	9,067)	9,288)	9,349)	9,237)	10,279)	10,077)	10,139)	9,906)	9,735)	9,648)
Pension and post-retirement assets	29)	26)	23)	31)	37)	43)	25)	635)	607)	554)	574)	521)	473)
Equity method investments	1,103)	1,148)	1,151)	1,671)	1,638)	1,593)	1,619)	1,572)	1,530)	1,513)	1,696)	1,697)	1,664)
Other assets	306)	219)	207)	193)	202)	242)	280)	343)	316)	279)	256)	233)	277)
Long-term assets	16,253)	16,207)	15,610)	14,386)	14,591)	14,765)	14,488)	16,984)	16,540)	16,569)	16,394)	16,123)	16,033)
Total assets	26,411)	26,086)	25,350)	23,662)	24,193)	26,172)	25,788)	25,738)	24,868)	25,093)	25,728)	24,176)	22,001)

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Carrier Global Corp. current assets increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Fixed assets, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Carrier Global Corp. fixed assets, net increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Long-term assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Carrier Global Corp. long-term assets increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Carrier Global Corp. total assets increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Carrier Global Corp. cash and cash equivalents increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023.
Accounts receivable, net	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Carrier Global Corp. accounts receivable, net decreased from Q3 2022 to Q4 2022 but then increased from Q4 2022 to Q1 2023 exceeding Q3 2022 level.
Inventories, net	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Carrier Global Corp. inventories, net decreased from Q3 2022 to Q4 2022 but then increased from Q4 2022 to Q1 2023 exceeding Q3 2022 level.

Carrier Global Corp. (NYSE:CARR)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data