Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Carrier Global Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Accounts payable	2,833)	2,334)	1,936)
Accrued liabilities	2,610)	2,561)	2,471)
Contract liabilities, current	449)	415)	512)
Liabilities held for sale	—)	1,134)	—)
Current portion of long-term debt	140)	183)	191)
Current liabilities	6,032)	6,627)	5,110)
Long-term debt, net of current portion	8,702)	9,513)	10,036)
Future pension and post-retirement obligations	349)	380)	524)
Future income tax obligations	568)	354)	479)
Long-term operating lease liabilities	529)	527)	642)
Other long-term liabilities	1,830)	1,677)	1,724)
Long-term liabilities	11,978)	12,451)	13,405)
Total liabilities	18,010)	19,078)	18,515)
Common stock, par value $0.01	9)	9)	9)
Treasury stock	(1,910)	(529)	—)
Additional paid-in capital	5,481)	5,411)	5,345)
Retained earnings	5,866)	2,865)	1,643)
Accumulated other comprehensive loss	(1,688)	(989)	(745)
Equity attributable to common shareowners	7,758)	6,767)	6,252)
Non-controlling interest	318)	327)	326)
Total equity	8,076)	7,094)	6,578)
Total liabilities and equity	26,086)	26,172)	25,093)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Carrier Global Corp. current liabilities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Carrier Global Corp. long-term liabilities decreased from 2020 to 2021 and from 2021 to 2022.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Carrier Global Corp. total liabilities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Equity attributable to common shareowners	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Carrier Global Corp. equity attributable to common shareowners increased from 2020 to 2021 and from 2021 to 2022.

Carrier Global Corp. (NYSE:CARR)

Balance Sheet: Liabilities and Stockholders’ Equity