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+# Versioning
+
+<!-- prettier-ignore-start -->
+<!-- START doctoc generated TOC please keep comment here to allow auto update -->
+<!-- DON'T EDIT THIS SECTION, INSTEAD RE-RUN doctoc TO UPDATE -->
+## Table of Contents
+
+- [Overview](#overview)
+- [`carbon-components-react`](#carbon-components-react)
+  - [Changes](#changes)
+  - [Examples](#examples)
+    - [A new prop is added to a component](#a-new-prop-is-added-to-a-component)
+    - [An existing prop is deprecated](#an-existing-prop-is-deprecated)
+    - [An existing prop is removed](#an-existing-prop-is-removed)
+    - [An existing prop type is changed to be more specific](#an-existing-prop-type-is-changed-to-be-more-specific)
+    - [An existing prop type is changed to be more generic](#an-existing-prop-type-is-changed-to-be-more-generic)
+    - [A `PropTypes.func` prop type is changed to have different arguments](#a-proptypesfunc-prop-type-is-changed-to-have-different-arguments)
+    - [A `PropTypes.func` prop type is changed to have additional arguments](#a-proptypesfunc-prop-type-is-changed-to-have-additional-arguments)
+    - [A `PropTypes.func` prop type is changed to have fewer arguments](#a-proptypesfunc-prop-type-is-changed-to-have-fewer-arguments)
+
+<!-- END doctoc generated TOC please keep comment here to allow auto update -->
+<!-- prettier-ignore-end -->
+
+## Overview
+
+The Carbon Design System team aims to follow
+[Semantic Versioning](https://semver.org/) (semver) for each of the packages
+that we ship. From semver.org, this means that:
+
+> Given a version number MAJOR.MINOR.PATCH, increment the:
+>
+> 1. **MAJOR** version when you make incompatible API changes,
+> 2. **MINOR** version when you add functionality in a backwards compatible
+>    manner, and
+> 3. **PATCH** version when you make backwards compatible bug fixes.
+>
+> _Additional labels for pre-release and build metadata are available as
+> extensions to the MAJOR.MINOR.PATCH format._
+
+As a result, whenever you see a `minor` or `patch` update for a package from the
+Carbon Design System you should feel confident that you can update without
+anything breaking in your project.
+
+**Note:** If you ever bring in an update and it does break something in your
+project, please create an
+[issue](https://github.com/carbon-design-system/carbon/issues/new?assignees=&labels=type%3A+bug+%F0%9F%90%9B&template=bug-report.md&title=Breaking%20change)
+and we will resolve the issue as quickly as possible.
+
+In the following sections, you'll find specific details for our packages and the
+types of changes you can expect to occur as a consumer of that package. We'll
+try to highlight common changes in code and the corresponding `semver` bump that
+you can expect for the package when it is updated.
+
+## `carbon-components-react`
+
+### Changes
+
+| Type of change                                                      | semver bump |
+| ------------------------------------------------------------------- | ----------- |
+| A new prop is added to a component                                  | `minor`     |
+| An existing prop is deprecated                                      | `minor`     |
+| An existing prop is removed                                         | `major`     |
+| An existing prop type is changed to be more specific                | `major`     |
+| An existing prop type is changed to be more generic                 | `minor`     |
+| A `PropTypes.func` prop type is changed to have different arguments | `major`     |
+| A `PropTypes.func` prop type is changed to have additional argument | `minor`     |
+| A `PropTypes.func` prop type is changed to have fewer arguments     | `major`     |
+
+### Examples
+
+#### A new prop is added to a component
+
+semver bump: **minor**
+
+```diff
+function ExampleComponent({
+  propA,
++  propB,
+}) {
+  return (
+    <>
+      <span>{propA}</span>
++      <span>{propB}</span>
+    </>
+  );
+}
+
+ExampleComponent.propTypes = {
+  propA: PropTypes.string,
++  propB: PropTypes.string,
+};
+```
+
+#### An existing prop is deprecated
+
+semver bump: **minor**
+
+```diff
+function ExampleComponent({ propA, propB }) {
+  return (
+    <>
+      <span>{propA}</span>
+      <span>{propB}</span>
+    </>
+  );
+}
+
+ExampleComponent.propTypes = {
+  propA: PropTypes.string,
+-  propB: PropTypes.string,
++  propB: deprecate(PropTypes.string),
+};
+```
+
+#### An existing prop is removed
+
+semver bump: **major**
+
+```diff
+function ExampleComponent({
+  propA,
+-  propB,
+}) {
+  return (
+    <>
+      <span>{propA}</span>
+-      <span>{propB}</span>
+    </>
+  );
+}
+
+ExampleComponent.propTypes = {
+  propA: PropTypes.string,
+-  propB: deprecate(PropTypes.string),
+};
+```
+
+#### An existing prop type is changed to be more specific
+
+semver bump: **major**
+
+```diff
+function ExampleComponent({ propA, propB }) {
+  return (
+    <>
+      <span>{propA}</span>
+      <span>{propB}</span>
+    </>
+  );
+}
+
+ExampleComponent.propTypes = {
+  propA: PropTypes.string,
+-  propB: PropTypes.node,
++  propB: PropTypes.string,
+};
+```
+
+#### An existing prop type is changed to be more generic
+
+semver bump: **minor**
+
+```diff
+function ExampleComponent({ propA, propB }) {
+  return (
+    <>
+      <span>{propA}</span>
+      <span>{propB}</span>
+    </>
+  );
+}
+
+ExampleComponent.propTypes = {
+  propA: PropTypes.string,
+-  propB: PropTypes.string,
++  propB: PropTypes.node,
+};
+```
+
+#### A `PropTypes.func` prop type is changed to have different arguments
+
+semver bump: **major**
+
+```diff
+import { SomeComponent } from 'carbon-components-react';
+
+function ExampleComponent() {
+  function onChange(arg) {
+    // If a or b change types (from number to string) or if they are removed
+    // (a or b no longer exists)
+    const { a, b } = arg;
+  }
+
+  return <SomeComponent onChange={onChange} />;
+}
+```
+
+#### A `PropTypes.func` prop type is changed to have additional arguments
+
+semver bump: **minor**
+
+```diff
+import { SomeComponent } from 'carbon-components-react';
+
+function ExampleComponent() {
+-  function onChange(a, b) {
++  function onChange(a, b, c) {
+    // ...
+  }
+
+  return <SomeComponent onChange={onChange} />;
+}
+```
+
+#### A `PropTypes.func` prop type is changed to have fewer arguments
+
+semver bump: **major**
+
+```diff
+import { SomeComponent } from 'carbon-components-react';
+
+function ExampleComponent() {
+-  function onChange(a, b, c) {
++  function onChange(a, b) {
+    // ...
+  }
+
+  return <SomeComponent onChange={onChange} />;
+}
+```