Item 16. FORM 10-K SUMMARY
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Item 16. FORM 10-K SUMMARY
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| CARRIER GLOBAL CORPORATION (Registrant) | |||||||||||
| Dated: | February 9, 2021 | by: | /s/PATRICK GORIS | ||||||||
| Patrick Goris | |||||||||||
| Senior Vice President and Chief Financial Officer | |||||||||||
| (on behalf of the Registrant and as the Registrant's Principal Financial Officer) | |||||||||||
| Dated: | February 9, 2021 | by: | /s/KYLE CROCKETT | ||||||||
| Kyle Crockett | |||||||||||
| Vice President, Controller | |||||||||||
| (on behalf of the Registrant and as the Registrant's Principal Accounting Officer) |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| Signature | Title | Date | ||||||||||||
| /s/David Gitlin | Director, President and Chief Executive Officer | February 9, 2021 | ||||||||||||
| David Gitlin | (Principal Executive Officer) | |||||||||||||
| /s/Patrick Goris | Senior Vice President and Chief Financial Officer | February 9, 2021 | ||||||||||||
| Patrick Goris | (Principal Financial Officer) | |||||||||||||
| /s/Kyle Crockett | Vice President, Controller | February 9, 2021 | ||||||||||||
| Kyle Crockett | (Principal Accounting Officer) | |||||||||||||
| /s/John V. Faraci | Director | February 9, 2021 | ||||||||||||
| John V. Faraci | ||||||||||||||
| /s/Jean-Pierre Garnier | Director | February 9, 2021 | ||||||||||||
| Jean-Pierre Garnier | ||||||||||||||
| /s/John J. Greisch | Director | February 9, 2021 | ||||||||||||
| John J. Greisch | ||||||||||||||
| /s/Charles M. Holley, Jr. | Director | February 9, 2021 | ||||||||||||
| Charles M. Holley, Jr. | ||||||||||||||
| /s/Michael M. McNamara | Director | February 9, 2021 | ||||||||||||
| Michael M. McNamara | ||||||||||||||
| /s/Michael A. Todman | Director | February 9, 2021 | ||||||||||||
| Michael A. Todman | ||||||||||||||
| /s/Virginia M. Wilson | Director | February 9, 2021 | ||||||||||||
| Virginia M. Wilson |
SCHEDULE II
CARRIER GLOBAL CORPORATION
Valuation and Qualifying Accounts
Three years ended December 31, 2020
| (dollars in millions) | ||||||||
| Future Income Tax Benefits - Valuation Allowance | ||||||||
| Balance as of January 1, 2018 | $ | 113 | ||||||
| Additions charged to income tax expense | 15 | |||||||
| Reduction credited to income tax expense | (14) | |||||||
| Other adjustments | (7) | |||||||
| Balance as of December 13, 2018 | 107 | |||||||
| Additions charged to income tax expense | 41 | |||||||
| Reduction credited to income tax expense | (16) | |||||||
| Other adjustments | (4) | |||||||
| Balance as of December 31, 2019 | 128 | |||||||
| Additions charged to income tax expense (1) | 112 | |||||||
| Reduction credited to income tax expense | (13) | |||||||
| Other adjustments | 4 | |||||||
| Balance as of December 31, 2020 | $ | 231 | ||||||
(1) Includes $89 million relating to "Separation impact" discussed in "Reconciliation of Effective Income Tax Rate" in Note 19 – Income Taxes in the accompanying Notes to the Consolidated Financial Statements.
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