01—Abstract
Summary
Summary of the 8-K filed July 29, 2025. Cited figures are marked; the original filing is the authoritative source.
Carrier Global Corporation (CARR) has filed a Current Report on Form 8-K to recast certain previously reported financial information.
This recasting pertains specifically to the presentation of its reportable segments, aligning them with revised segment reporting implemented in the first quarter of 2025. The changes are intended to better reflect the Company's strategic business shifts, enhance management reporting, and improve investor transparency regarding its portfolio transformation. Importantly, this filing is not a restatement or correction of previously issued financial statements.
Instead, it is a necessary step to conform prior period financial data, specifically for the three years ending December 31, 2024, to the new segment structure. This is being done in anticipation of upcoming registration statements and to comply with SEC rules that require prior period financial statements to be recast when such significant accounting policy or segment reporting changes occur and are included in new filings. Investors should refer to the 2024 Form 10-K for the original audited financials and the 2025 Form 10-Qs for subsequent developments.
02—Key points
Key Highlights
- Recasting of prior period financial data for the three years ending December 31, 2024, is being performed.
- The recasting is solely for the purpose of conforming to revised reportable segment definitions.
- New reportable segments include: Climate Solutions Americas, Climate Solutions Europe, Climate Solutions Asia Pacific Middle East & Africa, and Climate Solutions Transportation.
- This filing is a procedural requirement due to anticipated registration statements and SEC regulations.
- The filing does not represent a restatement or correction of previously issued financial statements.
- This 8-K does not update or modify disclosures made in the 2024 Form 10-K for events occurring after its filing date.
- Investors should consult the 2025 Form 10-Qs for developments subsequent to the 2024 Form 10-K filing.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing by Carrier Global?
The main purpose is to recast previously reported financial information, specifically the presentation of its reportable segments, to align with revised segment reporting implemented in Q1 2025. This is being done to better reflect the company's business strategy and improve investor transparency.
Does this filing mean Carrier Global is restating its financial results?
No, this filing explicitly states that it is not a restatement or correction of previously issued financial statements. It is a recasting of prior period data for presentation purposes only, to conform to the new segment reporting structure.
Why is Carrier Global recasting its segment reporting now?
Carrier Global is recasting its segment reporting in anticipation of filing certain registration statements. SEC rules require prior period financial statements to be recast to reflect significant segment changes when they are included in new registration statements.
Where can I find financial information about Carrier Global after December 31, 2024?
For developments and financial information subsequent to the filing of the 2024 Form 10-K, investors should refer to Carrier Global's Quarterly Reports on Form 10-Q for the quarters ended March 30, 2025, and June 30, 2025.
04—Continue