Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Carrier Global Corp., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income from operations	3,584)	1,701)	2,006)
Foreign currency translation adjustments arising during period	(551)	(322)	604)
Reclassification adjustments for (gain) loss on sale of an investment in a foreign entity recognized in Other income (expense), net	—)	8)	—)
Chubb divestiture	(574)	—)	—)
Foreign currency translation adjustments arising during period	(1,125)	(314)	604)
Net actuarial gain (loss) arising during period	63)	53)	(94)
Amortization of actuarial (gain) loss and prior service credit	11)	34)	24)
Chubb divestiture	329)	—)	—)
Other	—)	—)	(35)
Tax (expense) benefit	(3)	(17)	22)
Pension and post-retirement benefit plans adjustments arising during the period	400)	70)	(83)
Other comprehensive income (loss), net of tax	(725)	(244)	521)
Comprehensive income	2,859)	1,457)	2,527)
Comprehensive income attributable to non-controlling interest	(24)	(37)	(37)
Comprehensive income attributable to common shareowners	2,835)	1,420)	2,490)

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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Comprehensive income item	Description	The company
Net income attributable to common shareowners	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Carrier Global Corp. net income attributable to common shareowners decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Comprehensive income attributable to common shareowners	Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Exclude changes in equity resulting from investments by owners and distributions to owners.	Carrier Global Corp. comprehensive income attributable to common shareowners decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Carrier Global Corp. (NYSE:CARR)

Statement of Comprehensive Income