CARRIER GLOBAL Corp (CARR) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that CARRIER GLOBAL Corp surfaced in its latest filing.

• Acquisition of the VCS Business completed on January 2, 2024January 2, 2024
• Divestitures in 2024 include Access Solutions, Industrial Fire, CCR, and the CRF Business2024
• Pending disposition of the Riello business, subject to customary closing conditions and regulatory approvals
• Issued 58,608,959 shares to Viessmann in connection with the VCS Business acquisition
• Entered into an Investor Rights Agreement with Viessmann providing for resale, demand, and piggyback registration rights
• Separation and Distribution from United Technologies Corporation (UTC)
• Separation and distribution agreement with UTC and Otis, including mutual indemnification obligations
• Tax Matters Agreement with UTC, including obligations for Carrier to indemnify UTC for certain taxes
• As of December 31, 2025, approximately $11.5 billion in aggregate principal amount of outstanding indebtednessDecember 31, 2025
• Revolving Credit Facility available to incur additional indebtedness
• In March 2022, suspended business operations in Russia by ceasing to pursue new business opportunities while fulfilling existing contractsMarch 2022
• Carrier Enterprise joint ventures with Watsco, Inc.
• AHI-Carrier FZC, a United Arab Emirates-based joint venture
• Joint ventures with members of the Midea Group
• Investments in Mexico, Brazil, China, India, Saudi Arabia and other Middle Eastern countries as part of globalization strategy
• Kigali Amendment to the Montreal Protocol
• American Innovation and Manufacturing (AIM) Act of 2020
• Withdrawal by the U.S. from the Paris Climate Agreement
• California greenhouse gas emissions disclosure rules
• European Union greenhouse gas emissions disclosure rules
• Sustainability goals by 2030: invest $4 billion in intelligent climate and energy solutions, avoid 1 gigaton of customer emissions, achieve carbon neutral operations, reduce energy intensity by 10%2030