$ETN
Eaton Corp plc

2021 Q2 Form 10-Q Financial Statement

#000155118221000161 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $5.215B $3.856B
YoY Change 35.24% -30.31%
Cost Of Revenue $3.545B $2.877B
YoY Change 23.22% -22.18%
Gross Profit $1.670B $979.0M
YoY Change 70.58% -46.68%
Gross Profit Margin 32.02% 25.39%
Selling, General & Admin $876.0M $691.0M
YoY Change 26.77% -23.81%
% of Gross Profit 52.46% 70.58%
Research & Development $154.0M $126.0M
YoY Change 22.22% -16.56%
% of Gross Profit 9.22% 12.87%
Depreciation & Amortization $229.0M $198.0M
YoY Change 15.66% -10.41%
% of Gross Profit 13.71% 20.22%
Operating Expenses $1.030B $817.0M
YoY Change 26.07% -22.78%
Operating Profit $640.0M $162.0M
YoY Change 295.06% -79.18%
Interest Expense -$36.00M $38.00M
YoY Change -194.74% -24.0%
% of Operating Profit -5.63% 23.46%
Other Income/Expense, Net $17.00M -$77.00M
YoY Change -122.08% -870.0%
Pretax Income $620.0M $47.00M
YoY Change 1219.15% -93.63%
Income Tax $114.0M -$7.000M
% Of Pretax Income 18.39% -14.89%
Net Earnings $506.0M $51.00M
YoY Change 892.16% -91.98%
Net Earnings / Revenue 9.7% 1.32%
Basic Earnings Per Share $1.27 $0.13
Diluted Earnings Per Share $1.26 $0.13
COMMON SHARES
Basic Shares Outstanding 398.8M shares 400.4M shares
Diluted Shares Outstanding 401.4M shares 401.3M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $540.0M $496.0M
YoY Change 8.87% -37.77%
Cash & Equivalents $279.0M $292.0M
Short-Term Investments $261.0M $204.0M
Other Short-Term Assets $3.240B $2.932B
YoY Change 10.5% 451.13%
Inventory $2.668B $2.138B
Prepaid Expenses
Receivables $3.341B $2.647B
Other Receivables $0.00 $0.00
Total Short-Term Assets $9.789B $8.213B
YoY Change 19.19% 1.07%
LONG-TERM ASSETS
Property, Plant & Equipment $3.058B $2.904B
YoY Change 5.3% -17.26%
Goodwill $14.88B $12.50B
YoY Change 19.07% -7.18%
Intangibles $6.195B $4.241B
YoY Change 46.07% -11.02%
Long-Term Investments
YoY Change
Other Assets $1.967B $1.718B
YoY Change 14.49% 3.68%
Total Long-Term Assets $27.02B $22.14B
YoY Change 22.05% -8.22%
TOTAL ASSETS
Total Short-Term Assets $9.789B $8.213B
Total Long-Term Assets $27.02B $22.14B
Total Assets $36.80B $30.35B
YoY Change 21.27% -5.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.484B $1.620B
YoY Change 53.33% -28.57%
Accrued Expenses $425.0M $254.0M
YoY Change 67.32% -46.86%
Deferred Revenue
YoY Change
Short-Term Debt $3.373B $139.0M
YoY Change 2326.62% 6850.0%
Long-Term Debt Due $8.000M $1.223B
YoY Change -99.35% 24360.0%
Total Short-Term Liabilities $8.906B $5.489B
YoY Change 62.25% 23.35%
LONG-TERM LIABILITIES
Long-Term Debt $8.721B $6.906B
YoY Change 26.28% -14.52%
Other Long-Term Liabilities $1.460B $1.442B
YoY Change 1.25% 35.53%
Total Long-Term Liabilities $12.45B $10.62B
YoY Change 17.17% -7.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.906B $5.489B
Total Long-Term Liabilities $12.45B $10.62B
Total Liabilities $21.35B $16.11B
YoY Change 32.53% 1.45%
SHAREHOLDERS EQUITY
Retained Earnings $7.068B $6.767B
YoY Change 4.45% -18.47%
Common Stock $12.37B $12.23B
YoY Change 1.14% 0.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.41B $14.19B
YoY Change
Total Liabilities & Shareholders Equity $36.80B $30.35B
YoY Change 21.27% -5.88%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $506.0M $51.00M
YoY Change 892.16% -91.98%
Depreciation, Depletion And Amortization $229.0M $198.0M
YoY Change 15.66% -10.41%
Cash From Operating Activities $631.0M $756.0M
YoY Change -16.53% -14.09%
INVESTING ACTIVITIES
Capital Expenditures -$153.0M -$90.00M
YoY Change 70.0% -39.6%
Acquisitions
YoY Change
Other Investing Activities -$2.129B -$110.0M
YoY Change 1835.45% -77.69%
Cash From Investing Activities -$2.282B -$200.0M
YoY Change 1041.0% -68.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.578B -504.0M
YoY Change -413.1% 293.75%
NET CHANGE
Cash From Operating Activities 631.0M 756.0M
Cash From Investing Activities -2.282B -200.0M
Cash From Financing Activities 1.578B -504.0M
Net Change In Cash -73.00M 52.00M
YoY Change -240.38% -52.73%
FREE CASH FLOW
Cash From Operating Activities $631.0M $756.0M
Capital Expenditures -$153.0M -$90.00M
Free Cash Flow $784.0M $846.0M
YoY Change -7.33% -17.78%

Facts In Submission

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CommonStockSharesOutstanding
398100000 shares
CY2021Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
4000000 USD
CY2020Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
4000000 USD
CY2021Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
12368000000 USD
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
12329000000 USD
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
7068000000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
6794000000 USD
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4031000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-4195000000 USD
CY2021Q2 us-gaap Deferred Compensation Equity
DeferredCompensationEquity
1000000 USD
CY2020Q4 us-gaap Deferred Compensation Equity
DeferredCompensationEquity
2000000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
15408000000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
14930000000 USD
CY2021Q2 us-gaap Minority Interest
MinorityInterest
42000000 USD
CY2020Q4 us-gaap Minority Interest
MinorityInterest
43000000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
15450000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14973000000 USD
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
36804000000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
31824000000 USD
us-gaap Profit Loss
ProfitLoss
965000000 USD
us-gaap Profit Loss
ProfitLoss
492000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
437000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
397000000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
73000000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-32000000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
27000000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
109000000 USD
us-gaap Pension Contributions
PensionContributions
268000000 USD
us-gaap Pension Contributions
PensionContributions
65000000 USD
us-gaap Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
13000000 USD
us-gaap Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
9000000 USD
etn Deconsolidation Gain Loss Amount Net Of Tax
DeconsolidationGainLossAmountNetOfTax
0 USD
etn Deconsolidation Gain Loss Amount Net Of Tax
DeconsolidationGainLossAmountNetOfTax
91000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
169000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-95000000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-9000000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
120000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
897000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1080000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
272000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
202000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4500000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
195000000 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
0 USD
us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
1408000000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
122000000 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
15000000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-401000000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-4000000 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-30000000 USD
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
82000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
20000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
18000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4483000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
900000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1798000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
1009000000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
5000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
3380000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-116000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
613000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
592000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
31000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
17000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
76000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1300000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
44000000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
34000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-14000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-4000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3453000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2034000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-13000000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-22000000 USD
etn Cash Cash Equivalents Restricted Cashand Restricted Cash Equivalents Period Increase Decrease Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsPeriodIncreaseDecreaseDisposalGroupIncludingDiscontinuedOperations
-13000000 USD
etn Cash Cash Equivalents Restricted Cashand Restricted Cash Equivalents Period Increase Decrease Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsPeriodIncreaseDecreaseDisposalGroupIncludingDiscontinuedOperations
-2000000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
6 operating_segment
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-159000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-78000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
438000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
370000000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
279000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
292000000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5215000000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3856000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9907000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8645000000 USD
CY2021Q2 us-gaap Receivables From Customers
ReceivablesFromCustomers
2958000000 USD
CY2020Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
2539000000 USD
CY2021Q2 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
161000000 USD
CY2020Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
90000000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
257000000 USD
etn Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
570000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-545000000 USD
us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
99000000 USD
etn Contract With Customer Liability Translation Gain Loss And Other
ContractWithCustomerLiabilityTranslationGainLossAndOther
-3000000 USD
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
378000000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
234000000 USD
etn Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
464000000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-459000000 USD
etn Contract With Customer Liability Translation Gain Loss
ContractWithCustomerLiabilityTranslationGainLoss
-1000000 USD
etn Contractwith Customer Liability Reclassified To Held For Sale
ContractwithCustomerLiabilityReclassifiedToHeldForSale
11000000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
227000000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8300000000 USD
etn Contract With Customer Backlog To Be Recognized In The Next Twelve Months Percentage
ContractWithCustomerBacklogToBeRecognizedInTheNextTwelveMonthsPercentage
0.87
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
52000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
48000000 USD
CY2021Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
987000000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
803000000 USD
CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
595000000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
498000000 USD
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1086000000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
808000000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
2668000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
2109000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
12903000000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2073000000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-96000000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
14880000000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.184
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.151
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.167
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.264
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14973000000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
459000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-30000000 USD
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
309000000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
5000000 USD
CY2021Q1 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
-2000000 USD
CY2021Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
59000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
15037000000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
506000000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
194000000 USD
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
304000000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
34000000 USD
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
17000000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
15450000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16133000000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
438000000 USD
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
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
99000000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-65000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
164000000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
506000000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
51000000 USD
us-gaap Net Income Loss
NetIncomeLoss
964000000 USD
us-gaap Net Income Loss
NetIncomeLoss
489000000 USD
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
401400000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
401300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
401200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
406200000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2600000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
900000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2600000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1400000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
398800000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
400400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
398600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
404800000 shares
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.26
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.40
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.27
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1700000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000.0 shares
CY2021Q2 us-gaap Cash
Cash
279000000 USD
CY2021Q2 us-gaap Short Term Investments
ShortTermInvestments
261000000 USD
CY2021Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
42000000 USD
CY2021Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
56000000 USD
CY2020Q4 us-gaap Cash
Cash
438000000 USD
CY2020Q4 us-gaap Short Term Investments
ShortTermInvestments
664000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
31000000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
8729000000 USD
CY2021Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
9498000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
8057000000 USD
CY2020Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
9075000000 USD
etn Percentage Of Intercompany Balance Sheet Exposure
PercentageOfIntercompanyBalanceSheetExposure
1
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5215000000 USD
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
3545000000 USD
CY2021Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-37000000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3856000000 USD
CY2020Q2 us-gaap Cost Of Revenue
CostOfRevenue
2877000000 USD
CY2020Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-38000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9907000000 USD
us-gaap Cost Of Revenue
CostOfRevenue
6729000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-75000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8645000000 USD
us-gaap Cost Of Revenue
CostOfRevenue
6179000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-72000000 USD
CY2021Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
93000000 USD
CY2020Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
47000000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
32000000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-102000000 USD
CY2021Q2 etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-98000000 USD
CY2020Q2 etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-27000000 USD
CY2021Q2 etn Derivative Instruments Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassifiedfrom Accumulated Oc Iinto Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeandNetInvestmentHedgeGainLossReclassifiedfromAccumulatedOCIintoIncomeEffectivePortionNet
2000000 USD
CY2020Q2 etn Derivative Instruments Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassifiedfrom Accumulated Oc Iinto Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeandNetInvestmentHedgeGainLossReclassifiedfromAccumulatedOCIintoIncomeEffectivePortionNet
-9000000 USD
etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
165000000 USD
etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-175000000 USD
etn Derivative Instruments Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassifiedfrom Accumulated Oc Iinto Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeandNetInvestmentHedgeGainLossReclassifiedfromAccumulatedOCIintoIncomeEffectivePortionNet
0 USD
etn Derivative Instruments Cash Flow Hedgeand Net Investment Hedge Gain Loss Reclassifiedfrom Accumulated Oc Iinto Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeandNetInvestmentHedgeGainLossReclassifiedfromAccumulatedOCIintoIncomeEffectivePortionNet
-6000000 USD
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
3000000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
214000000 USD
us-gaap Restructuring Charges
RestructuringCharges
29000000 USD
CY2021Q2 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
280000000 USD
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
13000000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
187000000 USD
us-gaap Restructuring Charges
RestructuringCharges
29000000 USD
us-gaap Restructuring Charges
RestructuringCharges
187000000 USD
CY2021Q2 etn Income Tax Expense Benefit From Restructuring Charges
IncomeTaxExpenseBenefitFromRestructuringCharges
-2000000 USD
CY2020Q2 etn Income Tax Expense Benefit From Restructuring Charges
IncomeTaxExpenseBenefitFromRestructuringCharges
-39000000 USD
etn Income Tax Expense Benefit From Restructuring Charges
IncomeTaxExpenseBenefitFromRestructuringCharges
-6000000 USD
etn Income Tax Expense Benefit From Restructuring Charges
IncomeTaxExpenseBenefitFromRestructuringCharges
-39000000 USD
CY2021Q2 etn Restructuring Charges After Tax
RestructuringChargesAfterTax
11000000 USD
CY2020Q2 etn Restructuring Charges After Tax
RestructuringChargesAfterTax
148000000 USD
etn Restructuring Charges After Tax
RestructuringChargesAfterTax
23000000 USD
us-gaap Restructuring Charges
RestructuringCharges
29000000 USD
us-gaap Restructuring Charges
RestructuringCharges
187000000 USD
us-gaap Restructuring Charges
RestructuringCharges
29000000 USD
etn Restructuring Charges After Tax
RestructuringChargesAfterTax
148000000 USD
CY2021Q2 us-gaap Impairment Effect On Earnings Per Share After Tax
ImpairmentEffectOnEarningsPerShareAfterTax
0.03
CY2020Q2 us-gaap Impairment Effect On Earnings Per Share After Tax
ImpairmentEffectOnEarningsPerShareAfterTax
0.37
us-gaap Impairment Effect On Earnings Per Share After Tax
ImpairmentEffectOnEarningsPerShareAfterTax
0.06
us-gaap Impairment Effect On Earnings Per Share After Tax
ImpairmentEffectOnEarningsPerShareAfterTax
0.37
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
13000000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
187000000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
214000000 USD
CY2020 etn Payments Utilizationand Translationfor Restructuring
PaymentsUtilizationandTranslationforRestructuring
72000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
142000000 USD
etn Payments Utilizationand Translationfor Restructuring
PaymentsUtilizationandTranslationforRestructuring
57000000 USD
CY2021Q2 us-gaap Restructuring Reserve
RestructuringReserve
114000000 USD
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
13000000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
187000000 USD
us-gaap Restructuring Charges
RestructuringCharges
29000000 USD
us-gaap Restructuring Charges
RestructuringCharges
187000000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
620000000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
47000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1158000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
668000000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
114000000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
193000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
176000000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
506000000 USD
us-gaap Profit Loss
ProfitLoss
492000000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
54000000 USD
us-gaap Profit Loss
ProfitLoss
965000000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
506000000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
51000000 USD
us-gaap Net Income Loss
NetIncomeLoss
964000000 USD
us-gaap Net Income Loss
NetIncomeLoss
489000000 USD

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