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SEGMENT FINANCIAL DATA

3 Months Ended

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.

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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

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