SEGMENT FINANCIAL DATA

6 Months Ended

Jun. 30, 2020

Carrier’s operations are classified into three 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 products and solutions, 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 Three Months Ended June 30,						For the Three Months Ended June 30,
(dollars in millions)	2020		2019		2020		2019
HVAC	$	2,291	$	2,735	$	358	$	545
Refrigeration	700		955		61		121
Fire & Security	1,057		1,386		106		184
Total segment	4,048		5,076		525		850
Eliminations and other	(76)		(114)		(56)		(15)
General corporate expenses	—		—		(27)		(30)
Consolidated	$	3,972	$	4,962	$	442	$	805


	Net Sales						Operating Profit
	For the Six Months Ended June 30,						For the Six Months Ended June 30,
(dollars in millions)	2020		2019		2020		2019
HVAC	$	4,250	$	4,903	$	525	$	838
Refrigeration	1,508		1,917		160		248
Fire & Security	2,263		2,676		226		316
Total segment	8,021		9,496		911		1,402
Eliminations and other	(161)		(211)		(91)		(32)
General corporate expenses	—		—		(63)		(65)
Consolidated	$	7,860	$	9,285	$	757	$	1,305

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 six months ended June 30, 2020 and 2019.



	For the Three Months Ended June 30,						For the Six Months Ended June 30,
(dollars in millions)	2020		2019		2020		2019
United States Operations	$	2,192	$	2,713	$	4,203	$	4,932
International Operations
Europe	969		1,301		2,148		2,593
Asia Pacific	645		738		1,164		1,350
Other	166		210		345		410
Consolidated	$	3,972	$	4,962	$	7,860	$	9,285

Products sales and Service sales. Segment sales disaggregated by product and service are as follows:



	For the Three Months Ended June 30,						For the Six Months Ended June 30,
(dollars in millions)	2020		2019		2020		2019
Sales Type
Product	$	1,976	$	2,370	$	3,633	$	4,231
Service	315		365		617		672
HVAC sales	2,291		2,735		4,250		4,903
Product	609		861		1,322		1,728
Service	91		94		186		189
Refrigeration sales	700		955		1,508		1,917
Product	762		1,021		1,622		1,956
Service	295		365		641		720
Fire & Security sales	1,057		1,386		2,263		2,676
Total segment sales	4,048		5,076		8,021		9,496
Eliminations and other	(76)		(114)		(161)		(211)
Consolidated	$	3,972	$	4,962	$	7,860	$	9,285