2024 Q3 Form 10-Q Financial Statement

#000155118224000041 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $6.345B
YoY Change 7.91%
Cost Of Revenue $3.899B
YoY Change 5.84%
Gross Profit $2.446B
YoY Change 11.38%
Gross Profit Margin 38.55%
Selling, General & Admin $1.028B
YoY Change 8.32%
% of Gross Profit 42.03%
Research & Development $207.0M
YoY Change 10.7%
% of Gross Profit 8.46%
Depreciation & Amortization $235.0M
YoY Change 2.62%
% of Gross Profit 9.61%
Operating Expenses $1.235B
YoY Change 8.71%
Operating Profit $1.211B
YoY Change 14.25%
Interest Expense -$29.00M
YoY Change -12.12%
% of Operating Profit -2.39%
Other Income/Expense, Net
YoY Change
Pretax Income $1.204B
YoY Change 11.58%
Income Tax $193.0M
% Of Pretax Income 16.03%
Net Earnings $1.009B
YoY Change 13.24%
Net Earnings / Revenue 15.9%
Basic Earnings Per Share $2.54
Diluted Earnings Per Share $2.53
COMMON SHARES
Basic Shares Outstanding 397.1M shares
Diluted Shares Outstanding 398.9M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.994B
YoY Change 4.62%
Cash & Equivalents $473.0M
Short-Term Investments $1.521B
Other Short-Term Assets $1.094B
YoY Change 21.02%
Inventory $4.178B
Prepaid Expenses
Receivables $4.886B
Other Receivables $0.00
Total Short-Term Assets $12.15B
YoY Change 10.64%
LONG-TERM ASSETS
Property, Plant & Equipment $3.711B
YoY Change 11.07%
Goodwill $15.04B
YoY Change 1.78%
Intangibles $4.809B
YoY Change -6.77%
Long-Term Investments
YoY Change
Other Assets $2.154B
YoY Change 3.76%
Total Long-Term Assets $27.08B
YoY Change 2.96%
TOTAL ASSETS
Total Short-Term Assets $12.15B
Total Long-Term Assets $27.08B
Total Assets $39.24B
YoY Change 5.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.609B
YoY Change 10.88%
Accrued Expenses $687.0M
YoY Change 16.05%
Deferred Revenue $607.0M
YoY Change -0.49%
Short-Term Debt $3.000M
YoY Change -87.5%
Long-Term Debt Due $714.0M
YoY Change -26.77%
Total Short-Term Liabilities $7.941B
YoY Change 5.0%
LONG-TERM LIABILITIES
Long-Term Debt $8.678B
YoY Change 6.48%
Other Long-Term Liabilities $1.503B
YoY Change 5.18%
Total Long-Term Liabilities $12.13B
YoY Change 7.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.941B
Total Long-Term Liabilities $12.13B
Total Liabilities $20.07B
YoY Change 6.38%
SHAREHOLDERS EQUITY
Retained Earnings $10.37B
YoY Change 6.83%
Common Stock $12.69B
YoY Change 0.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $19.12B
YoY Change
Total Liabilities & Shareholders Equity $39.24B
YoY Change 5.22%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $1.009B
YoY Change 13.24%
Depreciation, Depletion And Amortization $235.0M
YoY Change 2.62%
Cash From Operating Activities $1.308B
YoY Change 14.84%
INVESTING ACTIVITIES
Capital Expenditures $183.0M
YoY Change -19.74%
Acquisitions
YoY Change
Other Investing Activities $694.0M
YoY Change -232.44%
Cash From Investing Activities $511.0M
YoY Change -167.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.853B
YoY Change 370.3%
NET CHANGE
Cash From Operating Activities 1.308B
Cash From Investing Activities 511.0M
Cash From Financing Activities -1.853B
Net Change In Cash -34.00M
YoY Change 385.71%
FREE CASH FLOW
Cash From Operating Activities $1.308B
Capital Expenditures $183.0M
Free Cash Flow $1.125B
YoY Change 23.49%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6345000000 usd
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
3899000000 usd
CY2024Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-29000000 usd
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
54000000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6345000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18638000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17229000000 usd
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
3899000000 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
3684000000 usd
us-gaap Cost Of Revenue
CostOfRevenue
11564000000 usd
us-gaap Cost Of Revenue
CostOfRevenue
11030000000 usd
CY2024Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1028000000 usd
CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
949000000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3074000000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2839000000 usd
CY2024Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
207000000 usd
CY2023Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
187000000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
593000000 usd
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
401600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
400600000 shares
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Entity Registrant Name
EntityRegistrantName
EATON CORPORATION plc
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
L2
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-1059235
dei Security12b Title
Security12bTitle
Ordinary shares ($0.01 par value)
dei Trading Symbol
TradingSymbol
ETN
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
395200000 shares
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1079000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3399000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2739000000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
193000000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
187000000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
892000000 usd
us-gaap Profit Loss
ProfitLoss
2827000000 usd
us-gaap Profit Loss
ProfitLoss
2277000000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 usd
CY2023Q3 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
4000000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
1009000000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
891000000 usd
us-gaap Net Income Loss
NetIncomeLoss
2823000000 usd
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.53
us-gaap Profit Loss
ProfitLoss
2277000000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4000000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
891000000 usd
us-gaap Net Income Loss
NetIncomeLoss
2823000000 usd
us-gaap Net Income Loss
NetIncomeLoss
2273000000 usd
CY2024Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
144000000 usd
CY2023Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-165000000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-34000000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
11000000 usd
CY2024Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
15000000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
122000000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-167000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-40000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
18000000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1131000000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
724000000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2783000000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2291000000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
473000000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
488000000 usd
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
2121000000 usd
CY2024Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
4886000000 usd
CY2023Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
4475000000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
4178000000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
3739000000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1094000000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
851000000 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
12152000000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
11675000000 usd
CY2024Q3 etn Land And Buildings
LandAndBuildings
2280000000 usd
CY2023Q4 etn Land And Buildings
LandAndBuildings
2241000000 usd
CY2024Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
6826000000 usd
CY2023Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
6497000000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9106000000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8738000000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5395000000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
5208000000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3711000000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3530000000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
15044000000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
14977000000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4809000000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5091000000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
817000000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
648000000 usd
CY2024Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
549000000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2052000000 usd
CY2024Q3 us-gaap Assets
Assets
39236000000 usd
CY2023Q4 us-gaap Assets
Assets
38432000000 usd
CY2024Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
3000000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1489000000 usd
CY2024Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
12132000000 usd
CY2023Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
11616000000 usd
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
395200000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
399400000 shares
CY2024Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
4000000 usd
CY2023Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
4000000 usd
CY2024Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
12694000000 usd
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
12634000000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
10366000000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
10305000000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3947000000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3906000000 usd
CY2024Q3 us-gaap Deferred Compensation Equity
DeferredCompensationEquity
1000000 usd
CY2023Q4 us-gaap Deferred Compensation Equity
DeferredCompensationEquity
1000000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
19117000000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
19036000000 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
45000000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
33000000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19162000000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19069000000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
39236000000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
38432000000 usd
us-gaap Profit Loss
ProfitLoss
2827000000 usd
us-gaap Pension Contributions
PensionContributions
83000000 usd
us-gaap Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
13000000 usd
us-gaap Other Postretirement Benefits Payments
OtherPostretirementBenefitsPayments
15000000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
657000000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
436000000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
45000000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-56000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2730000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2326000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
553000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
514000000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
84000000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
54000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
50000000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
68000000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
68000000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
33000000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
9000000 usd
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-595000000 usd
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
1304000000 usd
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
14000000 usd
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-61000000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
27000000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
20000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1782000000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1084000000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
818000000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
1011000000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
11000000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-6000000 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-295000000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
1130000000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
1035000000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
54000000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
73000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1615000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
67000000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
49000000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1000000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-9000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2692000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-507000000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-52000000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
54000000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
488000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
294000000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
473000000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
348000000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6345000000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5880000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18638000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17229000000 usd
CY2024Q3 us-gaap Receivables From Customers
ReceivablesFromCustomers
4375000000 usd
CY2023Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
3966000000 usd
CY2024Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
351000000 usd
CY2023Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
289000000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
626000000 usd
etn Contract With Customer Liability Customer Deposits And Billings
ContractWithCustomerLiabilityCustomerDepositsAndBillings
1999000000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-2009000000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
622000000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
607000000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
56000000 usd
CY2024Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
1615000000 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1037000000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
4178000000 usd
dei Entity File Number
EntityFileNumber
000-54863
dei Entity Central Index Key
EntityCentralIndexKey
0001551182
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q3 us-gaap Supplier Finance Program Obligation Statement Of Financial Position Extensible Enumeration
SupplierFinanceProgramObligationStatementOfFinancialPositionExtensibleEnumeration
http://fasb.org/us-gaap/2024#AccountsPayableCurrent
dei Document Type
DocumentType
10-Q
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Address Address Line1
EntityAddressAddressLine1
Eaton House,
dei Entity Address Address Line2
EntityAddressAddressLine2
30 Pembroke Road,
dei Entity Address City Or Town
EntityAddressCityOrTown
Dublin 4,
dei Entity Address Country
EntityAddressCountry
IE
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
D04 Y0C2
dei City Area Code
CityAreaCode
+353
dei Local Phone Number
LocalPhoneNumber
1637 2900
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5880000000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
553000000 usd
CY2024Q3 us-gaap Interest Expense Operating
InterestExpenseOperating
29000000 usd
CY2023Q3 us-gaap Interest Expense Operating
InterestExpenseOperating
33000000 usd
us-gaap Interest Expense Operating
InterestExpenseOperating
88000000 usd
us-gaap Interest Expense Operating
InterestExpenseOperating
124000000 usd
CY2024Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
22000000 usd
CY2023Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
52000000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
80000000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
56000000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1204000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
573000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
463000000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
1011000000 usd
us-gaap Net Income Loss
NetIncomeLoss
2273000000 usd
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.67
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.54
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.70
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
398900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
400900000 shares
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
397100000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
399400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
398700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
399000000.0 shares
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.94
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.86
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.82
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.58
CY2024Q3 us-gaap Profit Loss
ProfitLoss
1011000000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
892000000 usd
us-gaap Profit Loss
ProfitLoss
2827000000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4000000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
1009000000 usd
CY2023Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-18000000 usd
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-15000000 usd
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-14000000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-7000000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-21000000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-21000000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-7000000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
458000000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2154000000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
8000000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
714000000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1017000000 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
3609000000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3365000000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
687000000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
676000000 usd
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2928000000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2680000000 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
7941000000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
7747000000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
8678000000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
8244000000 usd
CY2024Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
709000000 usd
CY2023Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
768000000 usd
CY2024Q3 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
174000000 usd
CY2023Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
180000000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
681000000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
533000000 usd
CY2024Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
387000000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
402000000 usd
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1503000000 usd
us-gaap Profit Loss
ProfitLoss
2277000000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
687000000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
695000000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
88000000 usd
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
69000000 usd
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
18000000 usd
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
13000000 usd
us-gaap Pension Contributions
PensionContributions
89000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14000000 usd
etn Contract With Customer Liability Translation Gain Loss And Other
ContractWithCustomerLiabilityTranslationGainLossAndOther
6000000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
508000000 usd
etn Contract With Customer Liability Customer Deposits And Billings
ContractWithCustomerLiabilityCustomerDepositsAndBillings
1684000000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-1563000000 usd
etn Contract With Customer Liability Translation Gain Loss And Other
ContractWithCustomerLiabilityTranslationGainLossAndOther
1000000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
630000000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
610000000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
15900000000 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.71
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
38000000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1515000000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
870000000 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1526000000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1354000000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
3739000000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
14977000000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
22000000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
45000000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
15044000000 usd
CY2023Q4 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
369000000 usd
etn Supplier Finance Program Obligation Addition
SupplierFinanceProgramObligationAddition
1062000000 usd
etn Supplier Finance Program Obligation Settlement
SupplierFinanceProgramObligationSettlement
1030000000 usd
etn Supplier Finance Program Translation Adjustment
SupplierFinanceProgramTranslationAdjustment
-3000000 usd
CY2024Q3 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
398000000 usd
CY2022Q4 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
219000000 usd
etn Supplier Finance Program Obligation Addition
SupplierFinanceProgramObligationAddition
988000000 usd
etn Supplier Finance Program Obligation Settlement
SupplierFinanceProgramObligationSettlement
834000000 usd
etn Supplier Finance Program Translation Adjustment
SupplierFinanceProgramTranslationAdjustment
-1000000 usd
CY2023Q3 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
372000000 usd
CY2024Q2 etn Number Of Tranches
NumberOfTranches
2 tranche
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.161
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.173
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.168
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.169
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19069000000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
822000000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-40000000 usd
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
381000000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-5000000 usd
CY2024Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
138000000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19326000000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
994000000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-122000000 usd
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
375000000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
31000000 usd
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
600000000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19254000000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
1011000000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
122000000 usd
CY2024Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
374000000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
32000000 usd
CY2024Q3 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
8000000 usd
CY2024Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
891000000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19162000000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
17075000000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
639000000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
132000000 usd
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
352000000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-11000000 usd
CY2023Q1 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
1000000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
17485000000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
745000000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
53000000 usd
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
344000000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
51000000 usd
CY2023Q2 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
-1000000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
17988000000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
892000000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-167000000 usd
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
343000000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
50000000 usd
CY2023Q3 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
-1000000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18420000000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-49000000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-9000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-40000000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
1009000000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
891000000 usd
us-gaap Net Income Loss
NetIncomeLoss
2823000000 usd
us-gaap Net Income Loss
NetIncomeLoss
2273000000 usd
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
398900000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
401600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
400600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
400900000 shares
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1800000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2200000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1900000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1900000 shares
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
397100000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
399400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
398700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
399000000.0 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.53
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.67
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.54
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.70
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2024Q3 us-gaap Cash
Cash
473000000 usd
CY2024Q3 us-gaap Short Term Investments
ShortTermInvestments
1521000000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-14000000 usd
CY2024Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
6000000 usd
CY2023Q4 us-gaap Cash
Cash
488000000 usd
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
2121000000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
11000000 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
18000000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
9392000000 usd
CY2024Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
9173000000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
9261000000 usd
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
8924000000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5880000000 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
3684000000 usd
CY2023Q3 us-gaap Interest Expense Operating
InterestExpenseOperating
33000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18638000000 usd
us-gaap Cost Of Revenue
CostOfRevenue
11564000000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-88000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17229000000 usd
us-gaap Cost Of Revenue
CostOfRevenue
11030000000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-124000000 usd
CY2024Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-3000000 usd
CY2023Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
14000000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-11000000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
31000000 usd
CY2024Q3 etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-172000000 usd
CY2023Q3 etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
87000000 usd
CY2024Q3 etn Derivative Instruments Cash Flow Hedge And Net Investment Hedge Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeAndNetInvestmentHedgeGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
5000000 usd
CY2023Q3 etn Derivative Instruments Cash Flow Hedge And Net Investment Hedge Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeAndNetInvestmentHedgeGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
27000000 usd
etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
-54000000 usd
etn Other Comprehensive Income Loss Cash Flow Hedge And Net Investment Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeAndNetInvestmentHedgeGainLossBeforeReclassificationAndTax
98000000 usd
etn Derivative Instruments Cash Flow Hedge And Net Investment Hedge Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeAndNetInvestmentHedgeGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
30000000 usd
etn Derivative Instruments Cash Flow Hedge And Net Investment Hedge Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsCashFlowHedgeAndNetInvestmentHedgeGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
65000000 usd
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
13000000 usd
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
54000000 usd
us-gaap Restructuring Charges
RestructuringCharges
132000000 usd
CY2024Q3 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
375000000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
7000000 usd
us-gaap Restructuring Charges
RestructuringCharges
132000000 usd
us-gaap Restructuring Charges
RestructuringCharges
46000000 usd
CY2024Q3 etn Income Tax Expense Benefit From Restructuring Charges
IncomeTaxExpenseBenefitFromRestructuringCharges
-11000000 usd
CY2023Q3 etn Income Tax Expense Benefit From Restructuring Charges
IncomeTaxExpenseBenefitFromRestructuringCharges
-1000000 usd
etn Income Tax Expense Benefit From Restructuring Charges
IncomeTaxExpenseBenefitFromRestructuringCharges
-28000000 usd
etn Income Tax Expense Benefit From Restructuring Charges
IncomeTaxExpenseBenefitFromRestructuringCharges
-9000000 usd
CY2024Q3 etn Restructuring Charges After Tax
RestructuringChargesAfterTax
43000000 usd
CY2023Q3 etn Restructuring Charges After Tax
RestructuringChargesAfterTax
5000000 usd
etn Restructuring Charges After Tax
RestructuringChargesAfterTax
104000000 usd
etn Restructuring Charges After Tax
RestructuringChargesAfterTax
37000000 usd
CY2024Q3 us-gaap Impairment Effect On Earnings Per Share After Tax
ImpairmentEffectOnEarningsPerShareAfterTax
0.11
CY2023Q3 us-gaap Impairment Effect On Earnings Per Share After Tax
ImpairmentEffectOnEarningsPerShareAfterTax
0.01
us-gaap Impairment Effect On Earnings Per Share After Tax
ImpairmentEffectOnEarningsPerShareAfterTax
0.26
us-gaap Impairment Effect On Earnings Per Share After Tax
ImpairmentEffectOnEarningsPerShareAfterTax
0.09
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
54000000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
7000000 usd
us-gaap Restructuring Charges
RestructuringCharges
132000000 usd
us-gaap Restructuring Charges
RestructuringCharges
46000000 usd
CY2023Q4 us-gaap Restructuring Reserve
RestructuringReserve
41000000 usd
us-gaap Restructuring Charges
RestructuringCharges
132000000 usd
etn Payments Utilization And Translation For Restructuring
PaymentsUtilizationAndTranslationForRestructuring
92000000 usd
CY2024Q3 us-gaap Restructuring Reserve
RestructuringReserve
82000000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
106000000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
107000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
319000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
344000000 usd
CY2024Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-29000000 usd
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-33000000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-88000000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-124000000 usd
CY2024Q3 etn Pension And Other Postretirement Benefits Cost Reversal Of Cost Additional Reconciliation
PensionAndOtherPostretirementBenefitsCostReversalOfCostAdditionalReconciliation
-9000000 usd
CY2023Q3 etn Pension And Other Postretirement Benefits Cost Reversal Of Cost Additional Reconciliation
PensionAndOtherPostretirementBenefitsCostReversalOfCostAdditionalReconciliation
-11000000 usd
etn Pension And Other Postretirement Benefits Cost Reversal Of Cost Additional Reconciliation
PensionAndOtherPostretirementBenefitsCostReversalOfCostAdditionalReconciliation
-29000000 usd
etn Pension And Other Postretirement Benefits Cost Reversal Of Cost Additional Reconciliation
PensionAndOtherPostretirementBenefitsCostReversalOfCostAdditionalReconciliation
-33000000 usd
CY2024Q3 us-gaap Restructuring Charges
RestructuringCharges
54000000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
7000000 usd
us-gaap Restructuring Charges
RestructuringCharges
132000000 usd
us-gaap Restructuring Charges
RestructuringCharges
46000000 usd
CY2024Q3 etn Other Income Expense Net
OtherIncomeExpenseNet
-160000000 usd
CY2023Q3 etn Other Income Expense Net
OtherIncomeExpenseNet
-171000000 usd
etn Other Income Expense Net
OtherIncomeExpenseNet
-508000000 usd
etn Other Income Expense Net
OtherIncomeExpenseNet
-512000000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1204000000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1079000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3399000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2739000000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
193000000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
187000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
573000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
463000000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
1011000000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
892000000 usd
us-gaap Profit Loss
ProfitLoss
2827000000 usd
us-gaap Profit Loss
ProfitLoss
2277000000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000000 usd
CY2023Q3 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
4000000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
1009000000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
891000000 usd
us-gaap Net Income Loss
NetIncomeLoss
2823000000 usd
us-gaap Net Income Loss
NetIncomeLoss
2273000000 usd
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001551182-24-000041-index-headers.html Edgar Link pending
0001551182-24-000041-index.html Edgar Link pending
0001551182-24-000041.txt Edgar Link pending
0001551182-24-000041-xbrl.zip Edgar Link pending
etn-20240930.htm Edgar Link pending
etn-20240930.xsd Edgar Link pending
etn09302024ex102.htm Edgar Link pending
etn09302024ex311.htm Edgar Link pending
etn09302024ex312.htm Edgar Link pending
etn-20240930_cal.xml Edgar Link unprocessable
etn-20240930_def.xml Edgar Link unprocessable
etn-20240930_lab.xml Edgar Link unprocessable
etn-20240930_pre.xml Edgar Link unprocessable
etn-20240930_htm.xml Edgar Link completed
etn09302024ex321.htm Edgar Link pending
etn09302024ex322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending