$CARR
CARRIER GLOBAL Corp

2022 Q1 Form 10-Q Financial Statement

#000178318022000034 Filed on April 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $4.654B $4.699B
YoY Change -0.96% 20.86%
Cost Of Revenue $3.359B $3.300B
YoY Change 1.79% 19.35%
Gross Profit $1.295B $1.399B
YoY Change -7.43% 24.58%
Gross Profit Margin 27.83% 29.77%
Selling, General & Admin $601.0M $743.0M
YoY Change -19.11% 7.37%
% of Gross Profit 46.41% 53.11%
Research & Development $125.0M $121.0M
YoY Change 3.31% 23.47%
% of Gross Profit 9.65% 8.65%
Depreciation & Amortization $79.00M $83.00M
YoY Change -4.82% 48.21%
% of Gross Profit 6.1% 5.93%
Operating Expenses $726.0M $864.0M
YoY Change -15.97% 9.37%
Operating Profit $1.737B $571.0M
YoY Change 204.2% 81.27%
Interest Expense -$48.00M -$93.00M
YoY Change -48.39% 151.35%
% of Operating Profit -2.76% -16.29%
Other Income/Expense, Net -$1.000M $18.00M
YoY Change -105.56% 5.88%
Pretax Income $1.688B $496.0M
YoY Change 240.32% 68.14%
Income Tax $301.0M $104.0M
% Of Pretax Income 17.83% 20.97%
Net Earnings $1.387B $392.0M
YoY Change 253.83% 308.33%
Net Earnings / Revenue 29.8% 8.34%
Basic Earnings Per Share $1.62 $0.44
Diluted Earnings Per Share $1.58 $0.43
COMMON SHARES
Basic Shares Outstanding 853.3M shares 869.3M shares
Diluted Shares Outstanding 874.1M shares 889.8M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.604B $2.599B
YoY Change 38.67% 238.41%
Cash & Equivalents $3.604B $2.599B
Short-Term Investments
Other Short-Term Assets $386.0M $350.0M
YoY Change 10.29% 9.72%
Inventory $2.358B $1.854B
Prepaid Expenses
Receivables $3.254B $3.525B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.602B $8.328B
YoY Change 15.3% 39.54%
LONG-TERM ASSETS
Property, Plant & Equipment $1.825B $1.777B
YoY Change 2.7% 8.49%
Goodwill $9.288B $10.08B
YoY Change -7.83% 4.45%
Intangibles $488.0M $1.002B
YoY Change -51.3% -1.18%
Long-Term Investments $1.638B $1.530B
YoY Change 7.06% -8.05%
Other Assets $202.0M $316.0M
YoY Change -36.08% 14.08%
Total Long-Term Assets $14.59B $16.54B
YoY Change -11.78% 3.16%
TOTAL ASSETS
Total Short-Term Assets $9.602B $8.328B
Total Long-Term Assets $14.59B $16.54B
Total Assets $24.19B $24.87B
YoY Change -2.71% 13.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.519B $2.175B
YoY Change 15.82% 22.47%
Accrued Expenses $2.330B $2.265B
YoY Change 2.87% 14.86%
Deferred Revenue $426.0M $545.0M
YoY Change -21.83% 12.37%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $256.0M $153.0M
YoY Change 67.32% -29.82%
Total Short-Term Liabilities $5.531B $5.138B
YoY Change 7.65% 15.43%
LONG-TERM LIABILITIES
Long-Term Debt $8.305B $9.577B
YoY Change -13.28% -13.17%
Other Long-Term Liabilities $1.694B $1.730B
YoY Change -2.08% 47.86%
Total Long-Term Liabilities $9.999B $11.31B
YoY Change -11.57% -7.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.531B $5.138B
Total Long-Term Liabilities $9.999B $11.31B
Total Liabilities $16.76B $18.05B
YoY Change -7.13% -4.87%
SHAREHOLDERS EQUITY
Retained Earnings $4.244B $2.027B
YoY Change 109.37%
Common Stock $9.000M $9.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.270B $38.00M
YoY Change 3242.11%
Treasury Stock Shares
Shareholders Equity $7.101B $6.489B
YoY Change
Total Liabilities & Shareholders Equity $24.19B $24.87B
YoY Change -2.71% 13.03%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $1.387B $392.0M
YoY Change 253.83% 308.33%
Depreciation, Depletion And Amortization $79.00M $83.00M
YoY Change -4.82% 48.21%
Cash From Operating Activities -$202.0M $184.0M
YoY Change -209.78% 291.49%
INVESTING ACTIVITIES
Capital Expenditures -$56.00M -$53.00M
YoY Change 5.66% 10.42%
Acquisitions $9.000M $6.000M
YoY Change 50.0%
Other Investing Activities $18.00M -$2.000M
YoY Change -1000.0% -86.67%
Cash From Investing Activities $2.820B -$49.00M
YoY Change -5855.1% -61.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $734.0M $36.00M
YoY Change 1938.89%
Debt Paid & Issued, Net $1.123B $570.0M
YoY Change 97.02% 1576.47%
Cash From Financing Activities -$2.020B -$643.0M
YoY Change 214.15% 746.05%
NET CHANGE
Cash From Operating Activities -$202.0M $184.0M
Cash From Investing Activities $2.820B -$49.00M
Cash From Financing Activities -$2.020B -$643.0M
Net Change In Cash $597.0M -$517.0M
YoY Change -215.47% 179.46%
FREE CASH FLOW
Cash From Operating Activities -$202.0M $184.0M
Capital Expenditures -$56.00M -$53.00M
Free Cash Flow -$146.0M $237.0M
YoY Change -161.6% 149.47%

Facts In Submission

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CY2022Q1 us-gaap Profit Loss
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CY2021Q1 us-gaap Profit Loss
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CY2021Q1 us-gaap Depreciation Amortization And Accretion Net
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83000000 USD
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
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48000000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2022Q1 us-gaap Share Based Compensation
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CY2021Q1 us-gaap Share Based Compensation
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CY2022Q1 us-gaap Income Loss From Equity Method Investments
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CY2021Q1 us-gaap Income Loss From Equity Method Investments
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38000000 USD
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
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36000000 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022Q1 us-gaap Equity Method Investment Realized Gain Loss On Disposal
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1112000000 USD
CY2021Q1 us-gaap Equity Method Investment Realized Gain Loss On Disposal
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CY2022Q1 us-gaap Increase Decrease In Receivables
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207000000 USD
CY2021Q1 us-gaap Increase Decrease In Receivables
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83000000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Asset
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154000000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Asset
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44000000 USD
CY2022Q1 us-gaap Increase Decrease In Inventories
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390000000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
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248000000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Assets
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15000000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
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23000000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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132000000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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151000000 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
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13000000 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
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39000000 USD
CY2022Q1 us-gaap Pension Contributions
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4000000 USD
CY2021Q1 us-gaap Pension Contributions
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24000000 USD
CY2022Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
11000000 USD
CY2021Q1 us-gaap Equity Method Investment Dividends Or Distributions
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12000000 USD
CY2022Q1 us-gaap Other Noncash Income Expense
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CY2021Q1 us-gaap Other Noncash Income Expense
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
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184000000 USD
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
56000000 USD
CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
53000000 USD
CY2022Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
9000000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6000000 USD
CY2022Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
2935000000 USD
CY2021Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2022Q1 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
32000000 USD
CY2021Q1 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
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CY2022Q1 us-gaap Payments For Proceeds From Other Investing Activities
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18000000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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2820000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
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-49000000 USD
CY2022Q1 us-gaap Proceeds From Repayments Of Short Term Debt
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-33000000 USD
CY2021Q1 us-gaap Proceeds From Repayments Of Short Term Debt
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28000000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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14000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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51000000 USD
CY2022Q1 us-gaap Repayments Of Long Term Debt
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1123000000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
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570000000 USD
CY2022Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
734000000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
36000000 USD
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
129000000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
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104000000 USD
CY2022Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
CY2021Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
5000000 USD
CY2022Q1 us-gaap Proceeds From Payments For Other Financing Activities
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-15000000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
597000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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3025000000 USD
CY2020Q2 carr Stockholders Equity Note Spinoff Transaction Shares Issued Per Common Share
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CY2022Q1 us-gaap Restricted Cash
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CY2021Q1 us-gaap Restricted Cash
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CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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3604000000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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2599000000 USD
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
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CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
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CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
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CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
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CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2022Q1 us-gaap Inventory Net
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CY2021Q4 us-gaap Inventory Net
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CY2022Q1 us-gaap Inventory Valuation Reserves
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160000000 USD
CY2021Q4 us-gaap Inventory Valuation Reserves
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CY2021Q4 us-gaap Goodwill
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CY2022Q1 us-gaap Goodwill Acquired During Period
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CY2022Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-65000000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
9288000000 USD
CY2022Q1 us-gaap Intangible Assets Gross Excluding Goodwill
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1918000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
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1854000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1430000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
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424000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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1865000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1420000000 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1430000000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
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488000000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
1929000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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1420000000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
509000000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21000000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
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24000000 USD
CY2022Q1 us-gaap Long Term Debt Current
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256000000 USD
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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64000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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71000000 USD
CY2022Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
8561000000 USD
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
9696000000 USD
CY2021Q4 us-gaap Long Term Debt Current
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183000000 USD
CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations
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CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2022Q1 us-gaap Defined Benefit Plan Contributions By Employer
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4000000 USD
CY2021Q1 us-gaap Defined Benefit Plan Contributions By Employer
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24000000 USD
CY2022Q1 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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38000000 USD
CY2021Q1 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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37000000 USD
CY2022Q1 us-gaap Multiemployer Plan Employer Contribution Cost
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3000000 USD
CY2021Q1 us-gaap Multiemployer Plan Employer Contribution Cost
MultiemployerPlanEmployerContributionCost
5000000 USD
CY2022Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
5000000 USD
CY2021Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
7000000 USD
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
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500000000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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245000000 USD
CY2022Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4000000 USD
CY2021Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
9000000 USD
CY2022Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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7000000 USD
CY2021Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
36000000 USD
CY2022Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1000000 USD
CY2021Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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1000000 USD
CY2022Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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CY2021Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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CY2022Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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5000000 USD
CY2021Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15000000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23000000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
514000000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
655000000 USD
CY2022Q1 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. Amounts associated with these provisions are classified on the accompanying Unaudited Condensed Consolidated Balance Sheet as </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accrued liabilities</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> or </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Other long-term liabilities</span> based on their anticipated settlement date.
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
524000000 USD
CY2022Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
45000000 USD
CY2021Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
39000000 USD
CY2022Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
43000000 USD
CY2021Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
38000000 USD
CY2022Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
CY2021Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-1000000 USD
CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
526000000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
514000000 USD
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
4000000000 shares
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2100000000 USD
CY2021Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
500000000 USD
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7600000 shares
CY2022Q1 carr Stock Repurchase Program Number Of Shares Delivered Percentage Of Expected
StockRepurchaseProgramNumberOfSharesDeliveredPercentageOfExpected
0.80
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2700000 shares
CY2022Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
15667369 shares
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
741000000 USD
CY2021Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
976374 shares
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
38000000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-65000000 USD
CY2022Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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-3000000 USD
CY2022Q1 us-gaap Reclassification From Aoci Current Period Tax
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-1000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-121000000 USD
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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-9000000 USD
CY2021Q1 us-gaap Reclassification From Aoci Current Period Tax
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-2000000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4654000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4699000000 USD
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
169000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
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503000000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
15000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
70000000 USD
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
670000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
573000000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
426000000 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
415000000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
165000000 USD
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
595000000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
580000000 USD
CY2022Q1 carr Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
75000000 USD
CY2021Q4 carr Contract With Customer Asset Liability Net
ContractWithCustomerAssetLiabilityNet
-7000000 USD
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
157000000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
10000000 USD
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
18000000 USD
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
10000000 USD
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
18000000 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
54000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
49000000 USD
CY2022Q1 us-gaap Restructuring Charges
RestructuringCharges
10000000 USD
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
18000000 USD
CY2022Q1 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
21000000 USD
CY2021Q1 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
18000000 USD
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
43000000 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
49000000 USD
CY2022Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
43000000 USD
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.178
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.210
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1379000000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
384000000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
853300000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
869300000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
20800000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
20500000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
874100000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
889800000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3200000 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3300000 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.62
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.58
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2022Q1 us-gaap Goodwill Acquired During Period
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4000000 USD
CY2021Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
5000000 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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4654000000 USD
CY2022Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4654000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4699000000 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1737000000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
571000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4699000000 USD
CY2022Q1 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
29000000 USD
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
29000000 USD
CY2022Q1 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
189000000 USD
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
191000000 USD
CY2022Q1 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
218000000 USD
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
220000000 USD
CY2022Q1 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiability
417000000 USD
CY2022Q1 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability Current
TaxCutsAndJobsActOf2017TransitionTaxForAccumulatedForeignEarningsLiabilityCurrent
34000000 USD

Files In Submission

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0001783180-22-000034.txt Edgar Link pending
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