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SEGMENT FINANCIAL DATA | 3 Months Ended
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Mar. 31, 2020
Segment Reporting [Abstract] |
SEGMENT FINANCIAL DATA | SEGMENT FINANCIAL DATA Carrier’s operations are classified into three principal segments: HVAC, Refrigeration, and Fire & Security. HVAC provides products, controls, services and solutions to meet the heating and cooling needs of residential and commercial customers, while enhancing building performance, energy efficiency and sustainability. Refrigeration is comprised of transport refrigeration and commercial refrigeration products and solutions. Transport refrigeration products and services include refrigeration and monitoring systems for trucks, trailers, shipping containers, intermodal and rail. Fire & Security includes a wide range of residential and building systems, including fire, flame, gas, smoke and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems and video management systems. Other fire and security service offerings include audit, design, installation and system integration, as well as aftermarket maintenance and repair and monitoring services. Segment Information. Segment information for the periods presented are as follows:
|  |  |  |  | Net Sales |  |  |  | Operating Profit |  |
|  |  |  |  | For the Quarters Ended March 31, |  |  |  | For the Quarters Ended March 31, |  |
(dollars in millions) |  |  |  |  | 2020 |  | 2019 |  | 2020 |  | 2019
HVAC |  |  |  |  | $ | 1,959 |  |  | $ | 2,168 |  |  | $ | 167 |  |  | $ | 293 |
Refrigeration |  |  |  |  | 808 |  |  | 962 |  |  | 99 |  |  | 127 |
Fire & Security |  |  |  |  | 1,206 |  |  | 1,290 |  |  | 120 |  |  | 132 |
Total segment |  |  |  |  | 3,973 |  |  | 4,420 |  |  | 386 |  |  | 552 |
Eliminations and other |  |  |  |  | (85) |  |  | (97) |  |  | (35) |  |  | (17) |
General corporate expenses |  |  |  |  | — |  |  | — |  |  | (36) |  |  | (35) |
Combined |  |  |  |  | $ | 3,888 |  |  | $ | 4,323 |  |  | $ | 315 |  |  | $ | 500 |
Geographic External Sales. Geographic external sales and operating profits are attributed to the geographic regions based on their location of origin. With the exception of the U.S. presented in the table below, there were no individually significant countries with sales exceeding 10% of total sales during the quarters ended March 31, 2020 and 2019.
|  |  |  |  | For the Quarters Ended March 31, |  |  |  |  |  |
(dollars in millions) |  |  |  |  | 2020 |  | 2019 |  |  |  |
United States Operations |  |  |  |  | $ | 2,011 |  |  | $ | 2,219 |  |  |  |  |
International Operations |  |  |  |  |  |  |  |  |  |  |
Europe |  |  |  |  | 1,179 |  |  | 1,292 |  |  |  |  |
Asia Pacific |  |  |  |  | 519 |  |  | 612 |  |  |  |  |
Other |  |  |  |  | 179 |  |  | 200 |  |  |  |  |
Combined |  |  |  |  | $ | 3,888 |  |  | $ | 4,323 |  |  |  |  |
Segment sales disaggregated by product and service are as follows:
| For the Quarters Ended March 31, |  |  |  |  |  |
(dollars in millions) | 2020 |  | 2019 |  |  |  |
Sales Type |  |  |  |  |  |  |
Product | $ | 1,657 |  |  | $ | 1,861 |  |  |  |  |
Service | 302 |  |  | 307 |  |  |  |  |
HVAC sales | 1,959 |  |  | 2,168 |  |  |  |  |
Product | 713 |  |  | 867 |  |  |  |  |
Service | 95 |  |  | 95 |  |  |  |  |
Refrigeration sales | 808 |  |  | 962 |  |  |  |  |
Product | 860 |  |  | 935 |  |  |  |  |
Service | 346 |  |  | 355 |  |  |  |  |
Fire & Security sales | 1,206 |  |  | 1,290 |  |  |  |  |
Total segment sales | 3,973 |  |  | 4,420 |  |  |  |  |
Eliminations and other | (85) |  |  | (97) |  |  |  |  |
Combined | $ | 3,888 |  |  | $ | 4,323 |  |  |  |  |

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- References No definition available. + Details
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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