SEGMENT FINANCIAL DATA

9 Months Ended

Sep. 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 September 30,				For the Three Months Ended September 30,
(dollars in millions)	2020		2019		2020		2019
HVAC	$	2,892	$	2,602	$	839	$	404
Refrigeration	876		922		103		125
Fire & Security	1,324		1,402		200		205
Total segment	5,092		4,926		1,142		734
Eliminations and other	(90)		(104)		(31)		(63)
General corporate expenses	—		—		(30)		(42)
Consolidated	$	5,002	$	4,822	$	1,081	$	629


		Net Sales				Operating Profit
	For the Nine Months Ended September 30,			For the Nine Months Ended September 30,
(dollars in millions)		2020		2019		2020		2019
HVAC		$	7,142	$	7,505	$	1,364	$	1,242
Refrigeration		2,384		2,839		263		373
Fire & Security		3,587		4,078		426		521
Total segment		13,113		14,422		2,053		2,136
Eliminations and other		(251)		(315)		(122)		(95)
General corporate expenses		—		—		(93)		(107)
Consolidated		$	12,862	$	14,107	$	1,838	$	1,934

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 nine months ended September 30, 2020 and 2019.



	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(dollars in millions)	2020		2019		2020		2019
United States Operations	$	2,780	$	2,541	$	6,983	$	7,473
International Operations
Europe	1,307		1,313		3,455		3,906
Asia Pacific	715		729		1,879		2,079
Other	200		239		545		649
Consolidated	$	5,002	$	4,822	$	12,862	$	14,107

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



	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(dollars in millions)	2020		2019		2020		2019
Sales Type
Product	$	2,547	$	2,224	$	6,180	$	6,455
Service	345		378		962		1,050
HVAC sales	2,892		2,602		7,142		7,505
Product	771		823		2,093		2,551
Service	105		99		291		288
Refrigeration sales	876		922		2,384		2,839
Product	965		1,055		2,587		3,011
Service	359		347		1,000		1,067
Fire & Security sales	1,324		1,402		3,587		4,078
Total segment sales	5,092		4,926		13,113		14,422
Eliminations and other	(90)		(104)		(251)		(315)
Consolidated	$	5,002	$	4,822	$	12,862	$	14,107