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Item 16. FORM 10-K SUMMARY

5K characters. Original on sec.gov ·

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, 2021by:/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, 2021by:/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.

SignatureTitleDate
/s/David GitlinDirector, President and Chief Executive OfficerFebruary 9, 2021
David Gitlin(Principal Executive Officer)
/s/Patrick GorisSenior Vice President and Chief Financial OfficerFebruary 9, 2021
Patrick Goris(Principal Financial Officer)
/s/Kyle CrockettVice President, ControllerFebruary 9, 2021
Kyle Crockett(Principal Accounting Officer)
/s/John V. FaraciDirectorFebruary 9, 2021
John V. Faraci
/s/Jean-Pierre GarnierDirectorFebruary 9, 2021
Jean-Pierre Garnier
/s/John J. GreischDirectorFebruary 9, 2021
John J. Greisch
/s/Charles M. Holley, Jr.DirectorFebruary 9, 2021
Charles M. Holley, Jr.
/s/Michael M. McNamaraDirectorFebruary 9, 2021
Michael M. McNamara
/s/Michael A. TodmanDirectorFebruary 9, 2021
Michael A. Todman
/s/Virginia M. WilsonDirectorFebruary 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 expense15
Reduction credited to income tax expense(14)
Other adjustments(7)
Balance as of December 13, 2018107
Additions charged to income tax expense41
Reduction credited to income tax expense(16)
Other adjustments(4)
Balance as of December 31, 2019128
Additions charged to income tax expense (1)112
Reduction credited to income tax expense(13)
Other adjustments4
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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