Carrier enters $615M AFFF settlement; expects insurance to cover full amount

CARRIER GLOBAL Corp

Settlement resolves all present and future AFFF-related claims against Carrier from KFI liabilities.
Carrier to pay $615M in cash over 5 years plus 100% of KFI asset sale proceeds (est. $115M).
Carrier contributes first $125M of insurance recoveries; expects total insurance to cover settlement.
Separate settlements for estate claims (Bankruptcy Court) and direct claims (MDL Court) with opt-out thresholds.
Non-settling parties may still assert direct claims, but vast majority of public water systems and airports expected to participate.

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