2021 Q4 Form 10-K Financial Statement

#000178318022000010 Filed on February 08, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $5.133B $20.61B $4.594B
YoY Change 11.73% 18.09% 2.07%
Cost Of Revenue $3.757B $14.61B $3.294B
YoY Change 14.06% 18.48% 2.33%
Gross Profit $1.376B $6.008B $1.300B
YoY Change 5.85% 17.14% 1.4%
Gross Profit Margin 26.81% 29.15% 28.3%
Selling, General & Admin $789.0M $3.120B $795.0M
YoY Change -0.75% 10.64% 17.78%
% of Gross Profit 57.34% 51.93% 61.15%
Research & Development $134.0M $503.0M $127.0M
YoY Change 5.51% 20.05% 28.28%
% of Gross Profit 9.74% 8.37% 9.77%
Depreciation & Amortization $87.00M $338.0M $95.00M
YoY Change -8.42% 0.6% 13.1%
% of Gross Profit 6.32% 5.63% 7.31%
Operating Expenses $921.0M $3.623B $925.0M
YoY Change -0.43% 11.86% 47.76%
Operating Profit $455.0M $2.645B $1.245B
YoY Change -63.45% -14.21% 123.52%
Interest Expense -$20.00M -$306.0M $1.100B
YoY Change -101.82% 6.25% 2519.05%
% of Operating Profit -4.4% -11.57% 88.35%
Other Income/Expense, Net $10.00M $61.00M $13.00M
YoY Change -23.08% 1.67% -56.67%
Pretax Income $405.0M $2.400B $1.176B
YoY Change -65.56% -15.94% 98.98%
Income Tax $73.00M $699.0M $289.0M
% Of Pretax Income 18.02% 29.13% 24.57%
Net Earnings $324.0M $1.701B $884.0M
YoY Change -63.35% -15.2% 100.91%
Net Earnings / Revenue 6.31% 8.25% 19.24%
Basic Earnings Per Share $1.92 $1.02
Diluted Earnings Per Share $364.7K $1.87 $1.00
COMMON SHARES
Basic Shares Outstanding 866.6M shares 867.7M shares
Diluted Shares Outstanding 890.3M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.987B $2.987B $3.115B
YoY Change -4.11% -4.11%
Cash & Equivalents $2.987B $2.987B $3.115B
Short-Term Investments
Other Short-Term Assets $376.0M $3.544B $343.0M
YoY Change 9.62% 933.24% 4.89%
Inventory $1.970B $1.970B $1.629B
Prepaid Expenses
Receivables $2.906B $2.906B $3.437B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.41B $11.41B $8.524B
YoY Change 33.82% 33.82% 43.04%
LONG-TERM ASSETS
Property, Plant & Equipment $1.826B $2.466B $1.810B
YoY Change 0.88% -5.08% 8.84%
Goodwill $9.349B $10.14B
YoY Change -7.79% 2.58%
Intangibles $509.0M $1.037B
YoY Change -50.92% -4.25%
Long-Term Investments $1.593B $1.593B $1.513B
YoY Change 5.29% 5.29% -13.0%
Other Assets $242.0M $215.0M $279.0M
YoY Change -13.26% -70.75% 8.98%
Total Long-Term Assets $14.77B $14.77B $16.57B
YoY Change -10.89% -10.89% 0.74%
TOTAL ASSETS
Total Short-Term Assets $11.41B $11.41B $8.524B
Total Long-Term Assets $14.77B $14.77B $16.57B
Total Assets $26.17B $26.17B $25.09B
YoY Change 4.3% 4.3% 11.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.334B $2.334B $1.936B
YoY Change 20.56% 20.56% 13.82%
Accrued Expenses $2.561B $2.561B $2.471B
YoY Change 3.64% 22.83% 18.34%
Deferred Revenue $415.0M $512.0M
YoY Change -18.95% 15.58%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $183.0M $183.0M $191.0M
YoY Change -4.19% -4.19% -19.41%
Total Short-Term Liabilities $6.627B $6.627B $5.110B
YoY Change 29.69% 29.69% 14.34%
LONG-TERM LIABILITIES
Long-Term Debt $9.513B $9.513B $10.04B
YoY Change -5.21% -5.21% 12139.02%
Other Long-Term Liabilities $1.677B $2.584B $1.724B
YoY Change -2.73% -10.59% 45.73%
Total Long-Term Liabilities $11.19B $12.10B $11.76B
YoY Change -4.85% -6.41% 829.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.627B $6.627B $5.110B
Total Long-Term Liabilities $11.19B $12.10B $11.76B
Total Liabilities $19.08B $19.41B $18.52B
YoY Change 3.04% 2.99% 132.28%
SHAREHOLDERS EQUITY
Retained Earnings $2.865B $1.643B
YoY Change 74.38%
Common Stock $9.000M $9.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $529.0M $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $6.767B $6.767B $6.252B
YoY Change
Total Liabilities & Shareholders Equity $26.17B $26.17B $25.09B
YoY Change 4.3% 4.3% 11.99%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $324.0M $1.701B $884.0M
YoY Change -63.35% -15.2% 100.91%
Depreciation, Depletion And Amortization $87.00M $338.0M $95.00M
YoY Change -8.42% 0.6% 13.1%
Cash From Operating Activities $913.0M $2.237B $199.0M
YoY Change 358.79% 32.21% -80.36%
INVESTING ACTIVITIES
Capital Expenditures -$138.0M -$344.0M -$161.0M
YoY Change -14.29% 10.26% 54.81%
Acquisitions $366.0M
YoY Change
Other Investing Activities -$128.0M -$7.000M $1.037B
YoY Change -112.34% 600.0% 2429.27%
Cash From Investing Activities -$266.0M -$692.0M $876.0M
YoY Change -130.37% -162.57% -1490.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $527.0M
YoY Change
Debt Paid & Issued, Net $704.0M
YoY Change -63.16%
Cash From Financing Activities -337.0M -$1.562B -1.854B
YoY Change -81.82% 129.37% 112.61%
NET CHANGE
Cash From Operating Activities 913.0M $2.237B 199.0M
Cash From Investing Activities -266.0M -$692.0M 876.0M
Cash From Financing Activities -337.0M -$1.562B -1.854B
Net Change In Cash 310.0M -$33.00M -779.0M
YoY Change -139.79% -101.53% -1098.72%
FREE CASH FLOW
Cash From Operating Activities $913.0M $2.237B $199.0M
Capital Expenditures -$138.0M -$344.0M -$161.0M
Free Cash Flow $1.051B $2.581B $360.0M
YoY Change 191.94% 28.79% -67.77%

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CY2020Q2 carr Stockholders Equity Note Spinoff Transaction Shares Issued Per Common Share
StockholdersEquityNoteSpinoffTransactionSharesIssuedPerCommonShare
1 shares
CY2020Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
11000000000 USD
CY2020Q1 carr Net Transfers To Parent
NetTransfersToParent
10900000000 USD
CY2020Q2 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
590000000 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
The preparation of the Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting period. Estimates are based on several factors including the facts and circumstances available at the time the estimates are made, historical experience and various other assumptions that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
39000000 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4000000 USD
CY2020Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
4000000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
88000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
89000000 USD
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
503000000 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
419000000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
401000000 USD
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
559000000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
363000000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
197000000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
143000000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1214000000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1123000000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
1970000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
1629000000 USD
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
154000000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
183000000 USD
CY2021Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
141000000 USD
CY2020Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.33
CY2020Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
118000000 USD
CY2021Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.31
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3976000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4084000000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2150000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2274000000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1826000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1810000000 USD
CY2021 us-gaap Depreciation
Depreciation
238000000 USD
CY2020 us-gaap Depreciation
Depreciation
234000000 USD
CY2019 us-gaap Depreciation
Depreciation
219000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
9884000000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
255000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
10139000000 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
320000000 USD
CY2021 us-gaap Goodwill Transfers
GoodwillTransfers
940000000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-170000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
9349000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1865000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1420000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
445000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2574000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
466000000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1929000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1420000000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
509000000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
3145000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2108000000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1037000000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
98000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
102000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
116000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
80000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
75000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
69000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
59000000 USD
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
47000000 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
9500000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10000000000 USD
CY2021Q4 carr Finance Lease Liability And Other
FinanceLeaseLiabilityAndOther
267000000 USD
CY2020Q4 carr Finance Lease Liability And Other
FinanceLeaseLiabilityAndOther
308000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
71000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
81000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
9696000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
10227000000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
183000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
191000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
9513000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
10036000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
183000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
74000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2002000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
7504000000 USD
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.028
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
319000000 USD
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
298000000 USD
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
10000000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
9000000 USD
CY2020 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
5000000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
640000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
788000000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
130000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
161000000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
527000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
642000000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
657000000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
803000000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y9M18D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y8M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.030
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034
CY2021Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
197000000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
213000000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
201000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
180000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
169000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
136000000 USD
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
200000000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
197000000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
206000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
141000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
123000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
106000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
87000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
67000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
218000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
742000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
85000000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
657000000 USD
CY2021 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
In the ordinary course of business, the Company provides standard warranty coverage on its products. Provisions for these amounts are established at the time of sale and estimated primarily based on product warranty terms and historical claims experience. In addition, the Company incurs discretionary costs to service its products in connection with specific product performance issues. Provisions for these amounts are established when they are known and estimable. The Company assesses the adequacy of its initial provisions and will make adjustments as necessary based on known or anticipated claims or as new information becomes available that suggests it is probable that future costs will be different than estimated amounts.
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
514000000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
488000000 USD
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
172000000 USD
CY2020 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
167000000 USD
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
165000000 USD
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
146000000 USD
CY2021 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
3000000 USD
CY2020 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
5000000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
524000000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
514000000 USD
CY2021Q3 carr Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
1750000000 USD
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
350000000 USD
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
10400000 shares
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
529000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20613000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17456000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18608000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
503000000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
656000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
70000000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
165000000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
98000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
573000000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
754000000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
415000000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
512000000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
165000000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
580000000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
677000000 USD
CY2021Q4 carr Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
-7000000 USD
CY2020Q4 carr Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
77000000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
408000000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
92000000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
77000000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
52000000 USD
CY2021 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
19000000 USD
CY2020 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
11000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
6000000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
111000000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
88000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
58000000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
13000000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
11000000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
77000000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
91000000 USD
CY2021 us-gaap Restructuring Charges
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89000000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
49000000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
126000000 USD
CY2021 us-gaap Restructuring Charges
RestructuringCharges
89000000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
49000000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
126000000 USD
CY2021 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
39000000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
434000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
49000000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
66000000 USD
CY2021 us-gaap Restructuring Charges
RestructuringCharges
89000000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
49000000 USD
CY2021 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
76000000 USD
CY2020 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
66000000 USD
CY2021 carr Restructuring Reserve Reclassified To Held For Sale
RestructuringReserveReclassifiedToHeldForSale
8000000 USD
CY2020 carr Restructuring Reserve Reclassified To Held For Sale
RestructuringReserveReclassifiedToHeldForSale
0 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
54000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
49000000 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
54000000 USD
CY2020 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1006000000 USD
CY2019 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-2000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1528000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
915000000 USD
CY2021 carr Gain Loss On Sale Of Equity Method Investment And Disposition Of Business
GainLossOnSaleOfEquityMethodInvestmentAndDispositionOfBusiness
0 USD
CY2020 carr Gain Loss On Sale Of Equity Method Investment And Disposition Of Business
GainLossOnSaleOfEquityMethodInvestmentAndDispositionOfBusiness
1123000000 USD
CY2019 carr Gain Loss On Sale Of Equity Method Investment And Disposition Of Business
GainLossOnSaleOfEquityMethodInvestmentAndDispositionOfBusiness
0 USD
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
2000000 USD
CY2020 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
72000000 USD
CY2019 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
108000000 USD
CY2021 us-gaap Other Nonrecurring Income Expense
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-41000000 USD
CY2020 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
45000000 USD
CY2019 us-gaap Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
-106000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1460000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
872000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1940000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1212000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2400000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2855000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2672000000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
336000000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
262000000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
83000000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
74000000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
72000000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
354000000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
244000000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
305000000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
773000000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
752000000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
639000000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-125000000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
13000000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-14000000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-14000000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
6000000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2000000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
65000000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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