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Business Segment Information | 6 Months Ended
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Jun. 30, 2013
Segment Reporting [Abstract] |
BUSINESS SEGMENT INFORMATION | BUSINESS SEGMENT INFORMATION Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated on a regular basis by the chief operating decision maker, or decision making group, in deciding how to allocate resources to an individual segment and in assessing performance. During the first quarter of 2013, Eaton re-segmented certain reportable operating segments due to a reorganization of the Company's businesses. The new reportable business segments are Electrical Products and Electrical Systems and Services (which include legacy Eaton and former Cooper electrical businesses), and Vehicle (which includes truck and automotive drivetrain and powertrain systems businesses). Previously reported segment financial information has been updated for all periods reported. Electrical Products consists of electrical components, industrial controls, residential products, single phase power quality, emergency lighting, fire detection, wiring devices, structural support systems, circuit protection, and lighting products. Electrical Systems and Services consists of power distribution and assemblies, three phase power quality, hazardous duty electrical equipment, intrinsically safe explosion-proof instrumentation, utility power distribution, power reliability equipment, and services.
| Three months ended June 30 |  | Six months ended June 30
| 2013 |  | 2012 |  | 2013 |  | 2012
Net sales |  |  |  |  |  |  |
Electrical Products | $ | 1,758 |  |  | $ | 903 |  |  | $ | 3,418 |  |  | $ | 1,789 |
Electrical Systems and Services | 1,624 |  |  | 913 |  |  | 3,145 |  |  | 1,765 |
Hydraulics | 772 |  |  | 769 |  |  | 1,528 |  |  | 1,504 |
Aerospace | 446 |  |  | 436 |  |  | 880 |  |  | 866 |
Vehicle | 1,002 |  |  | 1,047 |  |  | 1,941 |  |  | 2,104 |
Total net sales | $ | 5,602 |  |  | $ | 4,068 |  |  | $ | 10,912 |  |  | $ | 8,028 |
Segment operating profit |  |  |  |  |  |  |
Electrical Products | $ | 272 |  |  | $ | 151 |  |  | $ | 513 |  |  | $ | 290 |
Electrical Systems and Services | 227 |  |  | 91 |  |  | 437 |  |  | 167 |
Hydraulics | 104 |  |  | 123 |  |  | 182 |  |  | 232 |
Aerospace | 67 |  |  | 59 |  |  | 129 |  |  | 119 |
Vehicle | 172 |  |  | 168 |  |  | 304 |  |  | 328 |
Total segment operating profit | 842 |  |  | 592 |  |  | 1,565 |  |  | 1,136 |
Corporate |  |  |  |  |  |  |
Amortization of intangible assets | (108 | ) |  | (42 | ) |  | (215 | ) |  | (84 | )
Interest expense - net | (71 | ) |  | (30 | ) |  | (146 | ) |  | (58 | )
Pension and other postretirement benefits expense | (43 | ) |  | (39 | ) |  | (81 | ) |  | (80 | )
Inventory step-up adjustment | (1 | ) |  | (1 | ) |  | (34 | ) |  | (3 | )
Other corporate expense - net | (85 | ) |  | (61 | ) |  | (155 | ) |  | (124 | )
Income before income taxes | 534 |  |  | 419 |  |  | 934 |  |  | 787 |
Income tax expense | 37 |  |  | 37 |  |  | 57 |  |  | 94 |
Net income | 497 |  |  | 382 |  |  | 877 |  |  | 693 |
Less net income for noncontrolling interests | (3 | ) |  | — |  |  | (5 | ) |  | — |
Net income attributable to Eaton ordinary shareholders | $ | 494 |  |  | $ | 382 |  |  | $ | 872 |  |  | $ | 693 |
Business segment operating profit was reduced by acquisition integration charges as follows:
| Three months ended June 30 |  | Six months ended June 30
| 2013 |  | 2012 |  | 2013 |  | 2012
Electrical Products | $ | 12 |  |  | $ | — |  |  | $ | 15 |  |  | $ | — |
Electrical Systems and Services | 11 |  |  | 5 |  |  | 16 |  |  | 7 |
Hydraulics | 8 |  |  | 3 |  |  | 20 |  |  | 4 |
Total | $ | 31 |  |  | $ | 8 |  |  | $ | 51 |  |  | $ | 11 |
Corporate acquisition integration charges totaled $6 and $12 for the second quarter and the first six months of 2013, respectively, and $1 for both the second quarter and the first six months of 2012. Corporate acquisition integration charges related primarily to the acquisition of Cooper and are included above in Other corporate expense - net. Acquisition-related transaction costs, such as investment banking, legal and other professional fees are included above in Interest expense - net and Other corporate expense - net and are related to the acquisition of Cooper. These charges totaled $2 and $7 for the second quarter and the first six months of 2013, respectively, and $7 for both the second quarter and the first six months of 2012. See Note 3 for additional information about acquisition integration charges and transaction costs. For additional information regarding Eaton’s business segments, see Note 14 to the Consolidated Financial Statements contained in the 2012 Form 10-K.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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