2020 Q2 Form 10-Q Financial Statement

#000155118220000167 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2018 Q4
Revenue $3.856B $5.533B $5.459B
YoY Change -30.31% 0.84% 4.72%
Cost Of Revenue $2.877B $3.697B $3.670B
YoY Change -22.18% 0.71% 4.05%
Gross Profit $979.0M $1.836B $1.789B
YoY Change -46.68% 1.1% 6.11%
Gross Profit Margin 25.39% 33.18% 32.77%
Selling, General & Admin $691.0M $907.0M $869.0M
YoY Change -23.81% 0.67% 0.81%
% of Gross Profit 70.58% 49.4% 48.57%
Research & Development $126.0M $151.0M $145.0M
YoY Change -16.56% 4.14% 0.69%
% of Gross Profit 12.87% 8.22% 8.11%
Depreciation & Amortization $198.0M $221.0M $223.0M
YoY Change -10.41% -2.64% -2.62%
% of Gross Profit 20.22% 12.04% 12.47%
Operating Expenses $817.0M $1.058B $997.0M
YoY Change -22.78% 1.15% 1.94%
Operating Profit $162.0M $778.0M $792.0M
YoY Change -79.18% 1.04% 11.86%
Interest Expense $38.00M $50.00M -$66.00M
YoY Change -24.0% -173.53% 1.54%
% of Operating Profit 23.46% 6.43% -8.33%
Other Income/Expense, Net -$77.00M $10.00M
YoY Change -870.0% -225.0%
Pretax Income $47.00M $738.0M $726.0M
YoY Change -93.63% 6.34% 12.91%
Income Tax -$7.000M $102.0M $94.00M
% Of Pretax Income -14.89% 13.82% 12.95%
Net Earnings $51.00M $636.0M $631.0M
YoY Change -91.98% 4.26% -1.25%
Net Earnings / Revenue 1.32% 11.49% 11.56%
Basic Earnings Per Share $0.13 $1.51
Diluted Earnings Per Share $0.13 $1.50 $1.459M
COMMON SHARES
Basic Shares Outstanding 400.4M shares 421.6M shares
Diluted Shares Outstanding 401.3M shares 423.1M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $496.0M $797.0M $440.0M
YoY Change -37.77% 61.99% -59.82%
Cash & Equivalents $292.0M $412.0M $283.0M
Short-Term Investments $204.0M $385.0M $157.0M
Other Short-Term Assets $2.932B $532.0M $507.0M
YoY Change 451.13% -7.64% -25.33%
Inventory $2.138B $2.853B $2.785B
Prepaid Expenses
Receivables $2.647B $3.944B $3.858B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.213B $8.126B $7.590B
YoY Change 1.07% 2.69% -8.96%
LONG-TERM ASSETS
Property, Plant & Equipment $2.904B $3.510B $3.467B
YoY Change -17.26% 1.39% -1.0%
Goodwill $12.50B $13.46B $13.33B
YoY Change -7.18% 0.27% -1.77%
Intangibles $4.241B $4.766B $4.846B
YoY Change -11.02% -5.62% -7.96%
Long-Term Investments $0.00 $0.00
YoY Change
Other Assets $1.718B $1.657B $1.568B
YoY Change 3.68% -3.49% -7.66%
Total Long-Term Assets $22.14B $24.12B $23.50B
YoY Change -8.22% 0.69% -3.23%
TOTAL ASSETS
Total Short-Term Assets $8.213B $8.126B $7.590B
Total Long-Term Assets $22.14B $24.12B $23.50B
Total Assets $30.35B $32.24B $31.09B
YoY Change -5.88% 1.19% -4.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.620B $2.268B $2.130B
YoY Change -28.57% 3.47% -1.66%
Accrued Expenses $254.0M $478.0M $457.0M
YoY Change -46.86% 35.41% 0.88%
Deferred Revenue
YoY Change
Short-Term Debt $139.0M $2.000M $414.0M
YoY Change 6850.0% -99.6% 6800.0%
Long-Term Debt Due $1.223B $5.000M $339.0M
YoY Change 24360.0% -98.83% -41.35%
Total Short-Term Liabilities $5.489B $4.450B $5.154B
YoY Change 23.35% -17.39% 1.56%
LONG-TERM LIABILITIES
Long-Term Debt $6.906B $8.079B $6.768B
YoY Change -14.52% 19.64% -5.57%
Other Long-Term Liabilities $1.442B $1.064B $1.054B
YoY Change 35.53% 7.91% 9.22%
Total Long-Term Liabilities $10.62B $11.43B $9.796B
YoY Change -7.08% 17.23% -4.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.489B $4.450B $5.154B
Total Long-Term Liabilities $10.62B $11.43B $9.796B
Total Liabilities $16.11B $15.88B $14.95B
YoY Change 1.45% 4.91% -2.5%
SHAREHOLDERS EQUITY
Retained Earnings $6.767B $8.300B $8.161B
YoY Change -18.47% -5.86%
Common Stock $12.23B $12.11B $12.09B
YoY Change 0.96% 0.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.19B $16.31B $16.11B
YoY Change
Total Liabilities & Shareholders Equity $30.35B $32.24B $31.09B
YoY Change -5.88% 1.19% -4.69%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2018 Q4
OPERATING ACTIVITIES
Net Income $51.00M $636.0M $631.0M
YoY Change -91.98% 4.26% -1.25%
Depreciation, Depletion And Amortization $198.0M $221.0M $223.0M
YoY Change -10.41% -2.64% -2.62%
Cash From Operating Activities $756.0M $880.0M $820.0M
YoY Change -14.09% 76.35% -6.71%
INVESTING ACTIVITIES
Capital Expenditures -$90.00M -$149.0M -$154.0M
YoY Change -39.6% 0.0% -8.88%
Acquisitions
YoY Change
Other Investing Activities -$110.0M -$493.0M $12.00M
YoY Change -77.69% -297.99% -96.9%
Cash From Investing Activities -$200.0M -$642.0M -$142.0M
YoY Change -68.85% -742.0% -165.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -504.0M -128.0M -713.0M
YoY Change 293.75% -82.34% -46.27%
NET CHANGE
Cash From Operating Activities 756.0M 880.0M 820.0M
Cash From Investing Activities -200.0M -642.0M -142.0M
Cash From Financing Activities -504.0M -128.0M -713.0M
Net Change In Cash 52.00M 110.0M -35.00M
YoY Change -52.73% -187.3% -84.78%
FREE CASH FLOW
Cash From Operating Activities $756.0M $880.0M $820.0M
Capital Expenditures -$90.00M -$149.0M -$154.0M
Free Cash Flow $846.0M $1.029B $974.0M
YoY Change -17.78% 58.8% -7.06%

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CY2019Q4 us-gaap Operating Lease Liability Noncurrent
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Depreciation Depletion And Amortization
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CY2019Q4 us-gaap Liabilities Noncurrent
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us-gaap Increase Decrease In Deferred Income Taxes
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us-gaap Profit Loss
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us-gaap Repayments Of Debt
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us-gaap Payments Of Dividends
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us-gaap Payments Of Dividends
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CY2020Q2 us-gaap Minority Interest
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us-gaap Proceeds From Stock Options Exercised
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019Q4 us-gaap Deferred Compensation Equity
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CY2020Q2 us-gaap Stockholders Equity
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CY2019Q4 us-gaap Minority Interest
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q2 us-gaap Liabilities And Stockholders Equity
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Increase Decrease In Deferred Income Taxes
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us-gaap Pension Contributions
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us-gaap Pension Contributions
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us-gaap Other Postretirement Benefits Payments
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us-gaap Other Postretirement Benefits Payments
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etn Deconsolidation Gain Loss Amount Net Of Tax
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Increase Decrease In Other Operating Capital Net
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211000000 USD
us-gaap Other Operating Activities Cash Flow Statement
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120000000 USD
us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Net Cash Provided By Used In Operating Activities
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1080000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
298000000 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
195000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
243000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
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us-gaap Payments For Proceeds From Short Term Investments
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us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
82000000 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Net Cash Provided By Used In Investing Activities
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900000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Payments For Repurchase Of Common Stock
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CY2019Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Number Of Operating Segments
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CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
129000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2019Q2 etn Remeasurement Gain Losson Related Party Loans
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etn Remeasurement Gain Losson Related Party Loans
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us-gaap Prior Period Reclassification Adjustment
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CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q2 us-gaap Receivables From Customers
ReceivablesFromCustomers
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CY2020Q2 us-gaap Unbilled Contracts Receivable
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CY2019Q4 us-gaap Unbilled Contracts Receivable
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CY2019Q4 us-gaap Deferred Revenue
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us-gaap Deferred Revenue Additions
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us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
459000000 USD
etn Deferred Revenue Translation Gain Loss
DeferredRevenueTranslationGainLoss
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etn Contractwith Customer Liability Reclassified To Held For Sale
ContractwithCustomerLiabilityReclassifiedToHeldForSale
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CY2020Q2 us-gaap Deferred Revenue
DeferredRevenue
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CY2018Q4 us-gaap Deferred Revenue
DeferredRevenue
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us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
440000000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
440000000 USD
etn Deferred Revenue Translation Gain Loss
DeferredRevenueTranslationGainLoss
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CY2019Q2 us-gaap Deferred Revenue
DeferredRevenue
253000000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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etn Contract With Customer Backlog To Be Recognized In The Next Twelve Months Percentage
ContractWithCustomerBacklogToBeRecognizedInTheNextTwelveMonthsPercentage
0.87
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2020Q2 us-gaap Inventory Raw Materials
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CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
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CY2020Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2020Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2020Q2 us-gaap Inventory Net
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CY2019Q4 us-gaap Inventory Net
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CY2019Q4 us-gaap Goodwill
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us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
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etn Goodwill Reclassified To Held For Sale
GoodwillReclassifiedToHeldForSale
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us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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CY2020Q2 us-gaap Goodwill
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CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q1 us-gaap Dividends Common Stock Cash
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CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.139
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.264
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q1 us-gaap Profit Loss
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CY2020Q1 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
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CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q2 us-gaap Profit Loss
ProfitLoss
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CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
157000000 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
293000000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2020Q2 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2019Q1 us-gaap Profit Loss
ProfitLoss
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CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
67000000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
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CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2019Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16267000000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
636000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2019Q2 us-gaap Noncontrolling Interest Increase From Business Combination
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CY2019Q2 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
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CY2019Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q2 us-gaap Short Term Investments
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CY2020Q2 us-gaap Derivative Fair Value Of Derivative Net
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2020Q2 us-gaap Net Income Loss
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CY2019Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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489000000 USD
us-gaap Net Income Loss
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CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
423100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
406200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
424500000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
900000 shares
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1500000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1700000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
421600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
404800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.73
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020Q2 us-gaap Cost Of Revenue
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CY2020Q2 us-gaap Interest Expense
InterestExpense
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CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5533000000 USD
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.74
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000.0 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
292000000 USD
CY2019Q4 us-gaap Short Term Investments
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221000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Net
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53000000 USD
etn Percentage Of Intercompany Balance Sheet Exposure
PercentageOfIntercompanyBalanceSheetExposure
1
CY2019Q2 us-gaap Cost Of Revenue
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3697000000 USD
us-gaap Cost Of Revenue
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6179000000 USD
CY2019Q4 us-gaap Restructuring Reserve
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us-gaap Restructuring Charges
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us-gaap Interest Expense
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72000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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10838000000 USD
us-gaap Cost Of Revenue
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7270000000 USD
us-gaap Interest Expense
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110000000 USD
CY2020Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
47000000 USD
CY2019Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
7000000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
48000000 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8645000000 USD
CY2020Q2 etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
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CY2019Q2 etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
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CY2020Q2 etn Derivative Instruments Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassifiedfrom Accumulated Oc Iinto Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeandNetInvestmentHedgeGainLossReclassifiedfromAccumulatedOCIintoIncomeEffectivePortionNet
-9000000 USD
CY2019Q2 etn Derivative Instruments Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassifiedfrom Accumulated Oc Iinto Income Effective Portion Net
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etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
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etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-25000000 USD
etn Derivative Instruments Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassifiedfrom Accumulated Oc Iinto Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeandNetInvestmentHedgeGainLossReclassifiedfromAccumulatedOCIintoIncomeEffectivePortionNet
-6000000 USD
etn Derivative Instruments Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassifiedfrom Accumulated Oc Iinto Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeandNetInvestmentHedgeGainLossReclassifiedfromAccumulatedOCIintoIncomeEffectivePortionNet
4000000 USD
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
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CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
187000000 USD
CY2020Q2 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
280000000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
187000000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
187000000 USD
etn Payments Utilizationand Translationfor Restructuring
PaymentsUtilizationandTranslationforRestructuring
30000000 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
157000000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
187000000 USD
CY2019Q2 us-gaap Restructuring Charges
RestructuringCharges
0 USD
us-gaap Restructuring Charges
RestructuringCharges
187000000 USD
us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
47000000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
738000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
668000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1341000000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7000000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
102000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
176000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
183000000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
54000000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
636000000 USD
us-gaap Profit Loss
ProfitLoss
492000000 USD
us-gaap Profit Loss
ProfitLoss
1158000000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
51000000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
636000000 USD
us-gaap Net Income Loss
NetIncomeLoss
489000000 USD
us-gaap Net Income Loss
NetIncomeLoss
1158000000 USD

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