$ETN
Eaton Corp plc

2020 Q3 Form 10-Q Financial Statement

#000155118220000190 Filed on November 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $4.526B $5.314B $5.533B
YoY Change -14.83% -1.81% 0.84%
Cost Of Revenue $3.051B $3.512B $3.697B
YoY Change -13.13% -2.36% 0.71%
Gross Profit $1.475B $1.802B $1.836B
YoY Change -18.15% -0.72% 1.1%
Gross Profit Margin 32.59% 33.91% 33.18%
Selling, General & Admin $754.0M $885.0M $907.0M
YoY Change -14.8% -0.45% 0.67%
% of Gross Profit 51.12% 49.11% 49.4%
Research & Development $132.0M $147.0M $151.0M
YoY Change -10.2% 6.52% 4.14%
% of Gross Profit 8.95% 8.16% 8.22%
Depreciation & Amortization $206.0M $226.0M $221.0M
YoY Change -8.85% 1.35% -2.64%
% of Gross Profit 13.97% 12.54% 12.04%
Operating Expenses $886.0M $1.032B $1.058B
YoY Change -14.15% 0.49% 1.15%
Operating Profit $589.0M $770.0M $778.0M
YoY Change -23.51% -2.28% 1.04%
Interest Expense -$41.00M $54.00M $50.00M
YoY Change -175.93% -180.6% -173.53%
% of Operating Profit -6.96% 7.01% 6.43%
Other Income/Expense, Net -$23.00M -$5.000M $10.00M
YoY Change 360.0% -28.57% -225.0%
Pretax Income $525.0M $718.0M $738.0M
YoY Change -26.88% 63.55% 6.34%
Income Tax $78.00M $116.0M $102.0M
% Of Pretax Income 14.86% 16.16% 13.82%
Net Earnings $446.0M $601.0M $636.0M
YoY Change -25.79% 44.47% 4.26%
Net Earnings / Revenue 9.85% 11.31% 11.49%
Basic Earnings Per Share $1.11 $1.44 $1.51
Diluted Earnings Per Share $1.11 $1.44 $1.50
COMMON SHARES
Basic Shares Outstanding 400.4M shares 416.6M shares 421.6M shares
Diluted Shares Outstanding 402.3M shares 418.4M shares 423.1M shares

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $763.0M $830.0M $797.0M
YoY Change -8.07% 64.36% 61.99%
Cash & Equivalents $429.0M $549.0M $412.0M
Short-Term Investments $334.0M $281.0M $385.0M
Other Short-Term Assets $2.936B $494.0M $532.0M
YoY Change 494.33% -1.2% -7.64%
Inventory $2.096B $2.901B $2.853B
Prepaid Expenses
Receivables $2.876B $3.787B $3.944B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.671B $8.012B $8.126B
YoY Change 8.23% 1.84% 2.69%
LONG-TERM ASSETS
Property, Plant & Equipment $2.916B $3.483B $3.510B
YoY Change -16.28% 1.07% 1.39%
Goodwill $12.68B $13.34B $13.46B
YoY Change -4.95% -0.36% 0.27%
Intangibles $4.179B $4.657B $4.766B
YoY Change -10.26% -5.9% -5.62%
Long-Term Investments $0.00 $0.00
YoY Change
Other Assets $1.745B $1.668B $1.657B
YoY Change 4.62% -4.14% -3.49%
Total Long-Term Assets $22.31B $23.88B $24.12B
YoY Change -6.57% 0.51% 0.69%
TOTAL ASSETS
Total Short-Term Assets $8.671B $8.012B $8.126B
Total Long-Term Assets $22.31B $23.88B $24.12B
Total Assets $30.99B $31.90B $32.24B
YoY Change -2.85% 0.84% 1.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.788B $2.290B $2.268B
YoY Change -21.92% 5.77% 3.47%
Accrued Expenses $336.0M $545.0M $478.0M
YoY Change -38.35% 27.63% 35.41%
Deferred Revenue
YoY Change
Short-Term Debt $2.000M $2.000M $2.000M
YoY Change 0.0% -97.56% -99.6%
Long-Term Debt Due $1.251B $6.000M $5.000M
YoY Change 20750.0% -98.59% -98.83%
Total Short-Term Liabilities $5.805B $4.661B $4.450B
YoY Change 24.54% -11.51% -17.39%
LONG-TERM LIABILITIES
Long-Term Debt $6.948B $8.013B $8.079B
YoY Change -13.29% 18.94% 19.64%
Other Long-Term Liabilities $1.423B $1.118B $1.064B
YoY Change 27.28% 13.62% 7.91%
Total Long-Term Liabilities $10.66B $11.33B $11.43B
YoY Change -5.93% 18.41% 17.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.805B $4.661B $4.450B
Total Long-Term Liabilities $10.66B $11.33B $11.43B
Total Liabilities $16.47B $16.00B $15.88B
YoY Change 2.95% 7.79% 4.91%
SHAREHOLDERS EQUITY
Retained Earnings $6.741B $8.062B $8.300B
YoY Change -16.39%
Common Stock $12.27B $12.15B $12.11B
YoY Change 0.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.48B $15.85B $16.31B
YoY Change
Total Liabilities & Shareholders Equity $30.99B $31.90B $32.24B
YoY Change -2.85% 0.84% 1.19%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $446.0M $601.0M $636.0M
YoY Change -25.79% 44.47% 4.26%
Depreciation, Depletion And Amortization $206.0M $226.0M $221.0M
YoY Change -8.85% 1.35% -2.64%
Cash From Operating Activities $921.0M $1.083B $880.0M
YoY Change -14.96% 8.3% 76.35%
INVESTING ACTIVITIES
Capital Expenditures -$89.00M -$143.0M -$149.0M
YoY Change -37.76% 9.16% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$102.0M $21.00M -$493.0M
YoY Change -585.71% -123.86% -297.99%
Cash From Investing Activities -$191.0M -$122.0M -$642.0M
YoY Change 56.56% -44.29% -742.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -585.0M -824.0M -128.0M
YoY Change -29.0% 17.71% -82.34%
NET CHANGE
Cash From Operating Activities 921.0M 1.083B 880.0M
Cash From Investing Activities -191.0M -122.0M -642.0M
Cash From Financing Activities -585.0M -824.0M -128.0M
Net Change In Cash 145.0M 137.0M 110.0M
YoY Change 5.84% 69.14% -187.3%
FREE CASH FLOW
Cash From Operating Activities $921.0M $1.083B $880.0M
Capital Expenditures -$89.00M -$143.0M -$149.0M
Free Cash Flow $1.010B $1.226B $1.029B
YoY Change -17.62% 8.4% 58.8%

Facts In Submission

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EATON CORPORATION plc
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CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
7819000000 USD
CY2020Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
1343000000 USD
CY2019Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
1462000000 USD
CY2020Q3 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
319000000 USD
CY2019Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
328000000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
323000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
331000000 USD
CY2020Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
306000000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
396000000 USD
CY2020Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1423000000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1204000000 USD
CY2020Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
10662000000 USD
CY2019Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
11540000000 USD
CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
398600000 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
413300000 shares
CY2020Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
4000000 USD
CY2019Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
4000000 USD
CY2020Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
12266000000 USD
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
12200000000 USD
CY2020Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
6741000000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8170000000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4533000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4290000000 USD
CY2020Q3 us-gaap Deferred Compensation Equity
DeferredCompensationEquity
2000000 USD
CY2019Q4 us-gaap Deferred Compensation Equity
DeferredCompensationEquity
2000000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
14476000000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
16082000000 USD
CY2020Q3 us-gaap Minority Interest
MinorityInterest
42000000 USD
CY2019Q4 us-gaap Minority Interest
MinorityInterest
51000000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14518000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16133000000 USD
CY2020Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
30985000000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
32805000000 USD
us-gaap Profit Loss
ProfitLoss
939000000 USD
us-gaap Profit Loss
ProfitLoss
1760000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
603000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
668000000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
7000000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
71000000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
159000000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
115000000 USD
us-gaap Pension Contributions
PensionContributions
92000000 USD
us-gaap Pension Contributions
PensionContributions
89000000 USD
us-gaap Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
16000000 USD
us-gaap Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
11000000 USD
etn Deconsolidation Gain Loss Amount Net Of Tax
DeconsolidationGainLossAmountNetOfTax
91000000 USD
etn Deconsolidation Gain Loss Amount Net Of Tax
DeconsolidationGainLossAmountNetOfTax
0 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-357000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-76000000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
149000000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
66000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2001000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2514000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
291000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
441000000 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
1408000000 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
200000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
277000000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
121000000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
132000000 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
28000000 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-26000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
59000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
8000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
709000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-832000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1232000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
262000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
757000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
884000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
907000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
31000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
40000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1464000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
978000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
36000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
45000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-8000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2619000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1423000000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-30000000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
7000000 USD
etn Cash Cash Equivalents Restricted Cashand Restricted Cash Equivalents Period Increase Decrease Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsPeriodIncreaseDecreaseDisposalGroupIncludingDiscontinuedOperations
-2000000 USD
etn Cash Cash Equivalents Restricted Cashand Restricted Cash Equivalents Period Increase Decrease Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsPeriodIncreaseDecreaseDisposalGroupIncludingDiscontinuedOperations
0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
59000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
283000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
429000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
266000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
370000000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
549000000 USD
CY2019Q3 etn Remeasurement Gain Losson Related Party Loans
RemeasurementGainLossonRelatedPartyLoans
7000000 USD
etn Remeasurement Gain Losson Related Party Loans
RemeasurementGainLossonRelatedPartyLoans
26000000 USD
us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
70000000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
6 segment
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4526000000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5314000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
13171000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16152000000 USD
CY2020Q3 us-gaap Receivables From Customers
ReceivablesFromCustomers
2565000000 USD
CY2019Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
3090000000 USD
CY2020Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
108000000 USD
CY2019Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
101000000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
234000000 USD
etn Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
753000000 USD
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
249000000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
248000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
728000000 USD
etn Contract With Customer Liability Translation Gain Loss
ContractWithCustomerLiabilityTranslationGainLoss
1000000 USD
etn Contractwith Customer Liability Reclassified To Held For Sale
ContractwithCustomerLiabilityReclassifiedToHeldForSale
11000000 USD
etn Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
680000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
683000000 USD
etn Contract With Customer Liability Translation Gain Loss
ContractWithCustomerLiabilityTranslationGainLoss
1000000 USD
CY2019Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
246000000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5400000000 USD
etn Contract With Customer Backlog To Be Recognized In The Next Twelve Months Percentage
ContractWithCustomerBacklogToBeRecognizedInTheNextTwelveMonthsPercentage
0.87
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
48000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
49000000 USD
CY2020Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
780000000 USD
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
986000000 USD
CY2020Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
508000000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
640000000 USD
CY2020Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
808000000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1179000000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
2096000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
2805000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
13456000000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
131000000 USD
etn Goodwill Reclassified To Held For Sale
GoodwillReclassifiedToHeldForSale
907000000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-3000000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
12677000000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.148
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.160
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16133000000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
438000000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.213
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.145
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-676000000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
305000000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1000000 USD
CY2020Q1 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
-3000000 USD
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1300000000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14288000000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
54000000 USD
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
27000000 USD
CY2020Q2 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
2000000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14235000000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
447000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
276000000 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
294000000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
35000000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
35000000 USD
CY2020Q3 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
-4000000 USD
CY2020Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
177000000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14518000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16142000000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
522000000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
67000000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
310000000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-4000000 USD
CY2019Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
150000000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16267000000 USD
CY2019Q2 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
29000000 USD
CY2019Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
260000000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16361000000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
636000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-30000000 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
301000000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
27000000 USD
CY2019Q2 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
51000000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
602000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-259000000 USD
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
298000000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
37000000 USD
CY2019Q3 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
4000000 USD
CY2019Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
539000000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
15900000000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-420000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-177000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-243000000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
446000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
601000000 USD
us-gaap Net Income Loss
NetIncomeLoss
935000000 USD
us-gaap Net Income Loss
NetIncomeLoss
1759000000 USD
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
402300000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
418400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
404900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
422500000 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1900000 shares
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1800000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1600000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1800000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
400400000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
416600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
403300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
420700000 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.11
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.16
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.11
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.44
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
800000 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
800000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1100000 shares
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
370000000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.18
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
429000000 USD
CY2020Q3 us-gaap Short Term Investments
ShortTermInvestments
334000000 USD
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-35000000 USD
CY2019Q4 us-gaap Short Term Investments
ShortTermInvestments
221000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
53000000 USD
etn Percentage Of Intercompany Balance Sheet Exposure
PercentageOfIntercompanyBalanceSheetExposure
1
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4526000000 USD
CY2020Q3 us-gaap Cost Of Revenue
CostOfRevenue
3051000000 USD
CY2020Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-41000000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5314000000 USD
CY2019Q3 us-gaap Cost Of Revenue
CostOfRevenue
3512000000 USD
CY2019Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-47000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
13171000000 USD
us-gaap Cost Of Revenue
CostOfRevenue
9230000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-113000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16152000000 USD
us-gaap Cost Of Revenue
CostOfRevenue
10782000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-157000000 USD
CY2020Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
49000000 USD
CY2019Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-39000000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-53000000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
9000000 USD
CY2020Q3 etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-36000000 USD
CY2019Q3 etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-51000000 USD
CY2020Q3 etn Derivative Instruments Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassifiedfrom Accumulated Oc Iinto Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeandNetInvestmentHedgeGainLossReclassifiedfromAccumulatedOCIintoIncomeEffectivePortionNet
-6000000 USD
CY2019Q3 etn Derivative Instruments Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassifiedfrom Accumulated Oc Iinto Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeandNetInvestmentHedgeGainLossReclassifiedfromAccumulatedOCIintoIncomeEffectivePortionNet
0 USD
etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-211000000 USD
etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-76000000 USD
etn Derivative Instruments Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassifiedfrom Accumulated Oc Iinto Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeandNetInvestmentHedgeGainLossReclassifiedfromAccumulatedOCIintoIncomeEffectivePortionNet
-12000000 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
-17000000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
10000000 USD
us-gaap Restructuring Charges
RestructuringCharges
197000000 USD
CY2020Q3 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
280000000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
10000000 USD
us-gaap Restructuring Charges
RestructuringCharges
197000000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
10000000 USD
us-gaap Restructuring Charges
RestructuringCharges
197000000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
us-gaap Restructuring Charges
RestructuringCharges
197000000 USD
etn Payments Utilizationand Translationfor Restructuring
PaymentsUtilizationandTranslationforRestructuring
52000000 USD
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
145000000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
10000000 USD
CY2019Q3 us-gaap Restructuring Charges
RestructuringCharges
0 USD
us-gaap Restructuring Charges
RestructuringCharges
197000000 USD
us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
525000000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
718000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1193000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2059000000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
78000000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
116000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
254000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
299000000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
447000000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
602000000 USD
us-gaap Profit Loss
ProfitLoss
939000000 USD
us-gaap Profit Loss
ProfitLoss
1760000000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
446000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
601000000 USD
us-gaap Net Income Loss
NetIncomeLoss
935000000 USD
us-gaap Net Income Loss
NetIncomeLoss
1759000000 USD

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