v2.4.0.8

Condensed Consolidating Financial Information (Notes) | 12 Months Ended
--- | ---
Dec. 31, 2012
Condensed Financial Statements, Captions [Line Items] |
Condensed Financial Statements [Text Block] | CONDENSED CONSOLIDATING FINANCIAL STATEMENTS On November 14, 2012, Eaton Corporation issued senior notes (the "Senior Notes") totaling $4,900 related to financing the cash portion of the acquisition of Cooper. Eaton and certain other of Eaton's principal 100% owned operating subsidiaries (the "Subsidiary Guarantors") fully and unconditionally guarantee (subject, in the case of the Subsidiary Guarantors, to customary release provisions as described below), on a joint and several basis, the Senior Notes. The following condensed consolidating financial statements are included so that separate financial statements of Eaton, Eaton Corporation and the Subsidiary Guarantors are not required to be filed with the Securities and Exchange Commission. The consolidating adjustments primarily relate to eliminations of investments in subsidiaries and intercompany balances and transactions. The condensed consolidating financial statements present investments in subsidiaries using the equity method of accounting. The guarantee of a Subsidiary Guarantor that is not a parent of the issuer will be automatically and unconditionally released and discharged in the event of any sale of the Subsidiary Guarantor or of all or substantially all of its assets; or following, or in connection with, the release or termination of the Subsidiary Guarantor as a guarantor under all other U.S. debt securities or U.S. syndicated credit facilities, subject to limitations set forth in the indenture. The guarantee of a Subsidiary Guarantor that is a parent of the issuer will be automatically and unconditionally released and discharged following, or in connection with, the release or termination of the Subsidiary Guarantor as a guarantor under all other debt securities or syndicated credit facilities, subject to limitations set forth in the indenture. Eaton was incorporated under the laws of Ireland on May 10, 2012, and became the successor registrant to Eaton Corporation on November 30, 2012 in connection with the acquisition of Cooper. Therefore, for presentation purposes of entities under common control, Eaton is presented as the parent company in the 2013 condensed consolidating financial statements. For periods prior to November 30, 2012, Eaton Corporation is presented as the parent company.
CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2013
| Eaton Corporation plc |  | Eaton Corporation |  | Subsidiary Guarantors |  | Other subsidiaries |  | Consolidating adjustments |  | Total
Net sales | $ | — |  |  | $ | 1,743 |  |  | $ | 1,626 |  |  | $ | 3,421 |  |  | $ | (1,188 | ) |  | $ | 5,602 |
Cost of products sold | — |  |  | 1,352 |  |  | 1,179 |  |  | 2,527 |  |  | (1,188 | ) |  | 3,870 |
Selling and administrative expense | 2 |  |  | 365 |  |  | 178 |  |  | 415 |  |  | — |  |  | 960 |
Research and development expense | — |  |  | 67 |  |  | 48 |  |  | 46 |  |  | — |  |  | 161 |
Interest expense (income) - net | — |  |  | 69 |  |  | 7 |  |  | (5 | ) |  | — |  |  | 71 |
Other expense (income) - net | — |  |  | 18 |  |  | 15 |  |  | (27 | ) |  | — |  |  | 6 |
Equity in (earnings) loss of subsidiaries, net of tax | (569 | ) |  | (307 | ) |  | 395 |  |  | (239 | ) |  | 720 |  |  | — |
Intercompany expense (income) - net | 61 |  |  | (111 | ) |  | (860 | ) |  | 910 |  |  | — |  |  | — |
Income (loss) before income taxes | 506 |  |  | 290 |  |  | 664 |  |  | (206 | ) |  | (720 | ) |  | 534 |
Income tax expense (benefit) | 12 |  |  | (42 | ) |  | 20 |  |  | 47 |  |  | — |  |  | 37 |
Net income (loss) | 494 |  |  | 332 |  |  | 644 |  |  | (253 | ) |  | (720 | ) |  | 497 |
Less net income for noncontrolling interests | — |  |  | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Net income (loss) attributable to Eaton ordinary shareholders | $ | 494 |  |  | $ | 332 |  |  | $ | 644 |  |  | $ | (256 | ) |  | $ | (720 | ) |  | $ | 494 |
Other comprehensive loss | $ | (72 | ) |  | $ | (41 | ) |  | $ | (72 | ) |  | $ | (180 | ) |  | $ | 293 |  |  | $ | (72 | )
Total comprehensive income (loss) income attributable to Eaton ordinary shareholders | $ | 422 |  |  | $ | 291 |  |  | $ | 572 |  |  | $ | (436 | ) |  | $ | (427 | ) |  | $ | 422 |
CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2012
| Eaton Corporation |  | Subsidiary Guarantors |  | Other subsidiaries |  | Consolidating adjustments |  | Total
Net sales | $ | 1,764 |  |  | $ | 658 |  |  | $ | 2,589 |  |  | $ | (943 | ) |  | $ | 4,068 |
Cost of products sold | 1,377 |  |  | 496 |  |  | 1,886 |  |  | (944 | ) |  | 2,815 |
Selling and administrative expense | 313 |  |  | 82 |  |  | 295 |  |  | — |  |  | 690 |
Research and development expense | 59 |  |  | 23 |  |  | 24 |  |  | — |  |  | 106 |
Interest expense (income) - net | 34 |  |  | 2 |  |  | (6 | ) |  | — |  |  | 30 |
Other expense (income) - net | — |  |  | 6 |  |  | 2 |  |  | — |  |  | 8 |
Equity in (earnings) loss of subsidiaries, net of tax | (360 | ) |  | (17 | ) |  | — |  |  | 377 |  |  | — |
Intercompany (income) expense - net | (65 | ) |  | (5 | ) |  | 70 |  |  | — |  |  | — |
Income before income taxes | 406 |  |  | 71 |  |  | 318 |  |  | (376 | ) |  | 419 |
Income tax expense (benefit) | 24 |  |  | 20 |  |  | (8 | ) |  | 1 |  |  | 37 |
Net income | 382 |  |  | 51 |  |  | 326 |  |  | (377 | ) |  | 382 |
Less net income for noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income attributable to Eaton ordinary shareholders | $ | 382 |  |  | $ | 51 |  |  | $ | 326 |  |  | $ | (377 | ) |  | $ | 382 |
Other comprehensive loss | $ | (242 | ) |  | $ | (8 | ) |  | $ | (255 | ) |  | $ | 263 |  |  | $ | (242 | )
Total comprehensive income attributable to Eaton ordinary shareholders | $ | 140 |  |  | $ | 43 |  |  | $ | 71 |  |  | $ | (114 | ) |  | $ | 140 |
CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2013
| Eaton Corporation plc |  | Eaton Corporation |  | Subsidiary Guarantors |  | Other subsidiaries |  | Consolidating adjustments |  | Total
Net sales | $ | — |  |  | $ | 3,331 |  |  | $ | 3,199 |  |  | $ | 6,693 |  |  | $ | (2,311 | ) |  | $ | 10,912 |
Cost of products sold | — |  |  | 2,592 |  |  | 2,374 |  |  | 4,950 |  |  | (2,311 | ) |  | 7,605 |
Selling and administrative expense | 4 |  |  | 711 |  |  | 371 |  |  | 832 |  |  | — |  |  | 1,918 |
Research and development expense | — |  |  | 128 |  |  | 92 |  |  | 93 |  |  | — |  |  | 313 |
Interest expense (income) - net | — |  |  | 143 |  |  | 14 |  |  | (11 | ) |  | — |  |  | 146 |
Other expense (income) - net | — |  |  | 14 |  |  | 22 |  |  | (40 | ) |  | — |  |  | (4 | )
Equity in (earnings) loss of subsidiaries, net of tax | (1,013 | ) |  | (624 | ) |  | (172 | ) |  | (405 | ) |  | 2,214 |  |  | — |
Intercompany expense (income) - net | 125 |  |  | (214 | ) |  | (684 | ) |  | 773 |  |  | — |  |  | — |
Income before income taxes | 884 |  |  | 581 |  |  | 1,182 |  |  | 501 |  |  | (2,214 | ) |  | 934 |
Income tax expense (benefit) | 12 |  |  | (45 | ) |  | (17 | ) |  | 107 |  |  | — |  |  | 57 |
Net income | 872 |  |  | 626 |  |  | 1,199 |  |  | 394 |  |  | (2,214 | ) |  | 877 |
Less net income for noncontrolling interests | — |  |  | — |  |  | — |  |  | (5 | ) |  | — |  |  | (5 | )
Net income attributable to Eaton ordinary shareholders | $ | 872 |  |  | $ | 626 |  |  | $ | 1,199 |  |  | $ | 389 |  |  | $ | (2,214 | ) |  | $ | 872 |
Other comprehensive loss | $ | (306 | ) |  | $ | (64 | ) |  | $ | (306 | ) |  | $ | (571 | ) |  | $ | 941 |  |  | $ | (306 | )
Total comprehensive income (loss) attributable to Eaton ordinary shareholders | $ | 566 |  |  | $ | 562 |  |  | $ | 893 |  |  | $ | (182 | ) |  | $ | (1,273 | ) |  | $ | 566 |
CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2012
| Eaton Corporation |  | Subsidiary Guarantors |  | Other subsidiaries |  | Consolidating adjustments |  | Total
Net sales | $ | 3,444 |  |  | $ | 1,343 |  |  | $ | 5,095 |  |  | $ | (1,854 | ) |  | $ | 8,028 |
Cost of products sold | 2,693 |  |  | 1,010 |  |  | 3,719 |  |  | (1,853 | ) |  | 5,569 |
Selling and administrative expense | 641 |  |  | 166 |  |  | 585 |  |  | — |  |  | 1,392 |
Research and development expense | 111 |  |  | 48 |  |  | 52 |  |  | — |  |  | 211 |
Interest expense (income) - net | 69 |  |  | 4 |  |  | (15 | ) |  | — |  |  | 58 |
Other expense - net | — |  |  | 5 |  |  | 6 |  |  | — |  |  | 11 |
Equity in (earnings) loss of subsidiaries, net of tax | (672 | ) |  | (31 | ) |  | — |  |  | 703 |  |  | — |
Intercompany (income) expense - net | (124 | ) |  | (9 | ) |  | 133 |  |  | — |  |  | — |
Income before income taxes | 726 |  |  | 150 |  |  | 615 |  |  | (704 | ) |  | 787 |
Income tax expense | 33 |  |  | 44 |  |  | 17 |  |  | — |  |  | 94 |
Net income | 693 |  |  | 106 |  |  | 598 |  |  | (704 | ) |  | 693 |
Less net income for noncontrolling interests | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income attributable to Eaton ordinary shareholders | $ | 693 |  |  | $ | 106 |  |  | $ | 598 |  |  | $ | (704 | ) |  | $ | 693 |
Other comprehensive (loss) income | $ | (16 | ) |  | $ | 5 |  |  | $ | (82 | ) |  | $ | 77 |  |  | $ | (16 | )
Total comprehensive income attributable to Eaton ordinary shareholders | $ | 677 |  |  | $ | 111 |  |  | $ | 516 |  |  | $ | (627 | ) |  | $ | 677 |
CONDENSED CONSOLIDATING BALANCE SHEETS JUNE 30, 2013
| Eaton Corporation plc |  | Eaton Corporation |  | Subsidiary Guarantors |  | Other subsidiaries |  | Consolidating adjustments |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |
Cash | $ | 4 |  |  | $ | 44 |  |  | $ | 7 |  |  | $ | 573 |  |  | $ | — |  |  | $ | 628 |
Short-term investments | — |  |  | — |  |  | 17 |  |  | 351 |  |  | — |  |  | 368 |
Accounts receivable - net | — |  |  | 63 |  |  | 1,086 |  |  | 2,671 |  |  | — |  |  | 3,820 |
Intercompany accounts receivable | 19 |  |  | 918 |  |  | 2,546 |  |  | 3,841 |  |  | (7,324 | ) |  | — |
Inventory | — |  |  | 344 |  |  | 610 |  |  | 1,490 |  |  | (39 | ) |  | 2,405 |
Prepaid expenses and other current assets | — |  |  | 518 |  |  | 177 |  |  | 302 |  |  | 11 |  |  | 1,008 |
Total current assets | 23 |  |  | 1,887 |  |  |  | 4,443 |  |  |  | 9,228 |  |  | (7,352 | ) |  | 8,229 |
Property, plant and equipment - net | — |  |  | 952 |  |  | 781 |  |  | 2,016 |  |  | — |  |  | 3,749 |
Other noncurrent assets |  |  |  | — |  |  | — |  |  | — |  |  |  |
Goodwill | — |  |  | 1,382 |  |  | 9,264 |  |  | 3,403 |  |  | — |  |  | 14,049 |
Other intangible assets | — |  |  | 220 |  |  | 4,014 |  |  | 2,952 |  |  | — |  |  | 7,186 |
Deferred income taxes | — |  |  | 926 |  |  | 48 |  |  | 195 |  |  | — |  |  | 1,169 |
Investment in subsidiaries | 23,038 |  |  | 8,187 |  |  | 30,055 |  |  | 8,229 |  |  | (69,509 | ) |  | — |
Intercompany loans receivable | — |  |  | 7,526 |  |  | 2,018 |  |  | 18,049 |  |  | (27,593 | ) |  | — |
Other assets | — |  |  | 408 |  |  | 94 |  |  | 373 |  |  | — |  |  | 875 |
Total assets | $ | 23,061 |  |  | $ | 21,488 |  |  | $ | 50,717 |  |  | $ | 44,445 |  |  | $ | (104,454 | ) |  | $ | 35,257 |
Liabilities and shareholders’ equity |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 101 |  |  | $ | — |  |  | $ | 14 |  |  | $ | — |  |  | $ | 115 |
Current portion of long-term debt | — |  |  | 553 |  |  | 8 |  |  | 14 |  |  | — |  |  | 575 |
Accounts payable | — |  |  | 484 |  |  | 364 |  |  | 1,197 |  |  | — |  |  | 2,045 |
Intercompany accounts payable | — |  |  | 3,301 |  |  | 3,356 |  |  | 667 |  |  | (7,324 | ) |  | — |
Accrued compensation | — |  |  | 80 |  |  | 43 |  |  | 245 |  |  | — |  |  | 368 |
Other current liabilities | 13 |  |  | 566 |  |  | 382 |  |  | 920 |  |  | (3 | ) |  | 1,878 |
Total current liabilities | 13 |  |  | 5,085 |  |  | 4,153 |  |  | 3,057 |  |  | (7,327 | ) |  | 4,981 |
Noncurrent liabilities |  |  |  |  |  |  |  |  |  |  |
Long-term debt | — |  |  | 7,735 |  |  | 1,316 |  |  | 18 |  |  | — |  |  | 9,069 |
Pension liabilities | — |  |  | 781 |  |  | 219 |  |  | 805 |  |  | — |  |  | 1,805 |
Other postretirement benefits liabilities | — |  |  | 451 |  |  | 187 |  |  | 98 |  |  | — |  |  | 736 |
Deferred income taxes | — |  |  | — |  |  | 1,519 |  |  | 782 |  |  | — |  |  | 2,301 |
Intercompany loans payable | 7,660 |  |  | 1,967 |  |  | 17,006 |  |  | 960 |  |  | (27,593 | ) |  | — |
Other noncurrent liabilities | — |  |  | 527 |  |  | 95 |  |  | 312 |  |  | — |  |  | 934 |
Total noncurrent liabilities | 7,660 |  |  | 11,461 |  |  | 20,342 |  |  |  | 2,975 |  |  |  | (27,593 | ) |  | 14,845 |
Shareholders’ equity |  |  |  |  |  |  |  |  |  |  |
Eaton shareholders' equity | 15,388 |  |  | 4,942 |  |  | 26,222 |  |  | 38,380 |  |  | (69,544 | ) |  | 15,388 |
Noncontrolling interests | — |  |  | — |  |  | — |  |  | 33 |  |  | 10 |  |  | 43 |
Total equity | 15,388 |  |  | 4,942 |  |  | 26,222 |  |  | 38,413 |  |  | (69,534 | ) |  | 15,431 |
Total liabilities and equity | $ | 23,061 |  |  | $ | 21,488 |  |  |  | $ | 50,717 |  |  |  | $ | 44,445 |  |  |  | $ | (104,454 | ) |  | $ | 35,257 |
CONDENSED CONSOLIDATING BALANCE SHEETS DECEMBER 31, 2012
| Eaton Corporation plc |  | Eaton Corporation |  | Subsidiary Guarantors |  | Other subsidiaries |  | Consolidating adjustments |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |
Cash | $ | 7 |  |  | $ | 54 |  |  | $ | 14 |  |  | $ | 502 |  |  | $ | — |  |  | $ | 577 |
Short-term investments | — |  |  | 25 |  |  | 38 |  |  | 464 |  |  | — |  |  | 527 |
Accounts receivable - net | — |  |  | 624 |  |  | 413 |  |  | 2,473 |  |  | — |  |  | 3,510 |
Intercompany accounts receivable | 38 |  |  | 365 |  |  | 4,693 |  |  | 5,643 |  |  | (10,739 | ) |  | — |
Inventory | — |  |  | 341 |  |  | 563 |  |  | 1,474 |  |  | (39 | ) |  | 2,339 |
Prepaid expenses and other current assets | — |  |  | 391 |  |  | 198 |  |  | 273 |  |  | 9 |  |  | 871 |
Total current assets | 45 |  |  | 1,800 |  |  | 5,919 |  |  | 10,829 |  |  | (10,769 | ) |  | 7,824 |
Property, plant and equipment - net | — |  |  | 934 |  |  | 793 |  |  | 2,096 |  |  | — |  |  | 3,823 |
Other noncurrent assets |  |  |  | — |  |  | — |  |  | — |  |  |  |
Goodwill | — |  |  | 1,382 |  |  | 9,381 |  |  | 3,448 |  |  | — |  |  | 14,211 |
Other intangible assets | — |  |  | 231 |  |  | 4,104 |  |  | 3,133 |  |  | — |  |  | 7,468 |
Deferred income taxes | — |  |  | 941 |  |  | 94 |  |  | 219 |  |  | — |  |  | 1,254 |
Investment in subsidiaries | 20,662 |  |  | 7,678 |  |  | 14,428 |  |  | 6,365 |  |  | (49,133 | ) |  | — |
Intercompany loans receivable | — |  |  | 7,650 |  |  | 13,262 |  |  | 14,125 |  |  | (35,037 | ) |  | — |
Other assets | — |  |  | 460 |  |  | 90 |  |  | 1,154 |  |  | — |  |  | 1,704 |
Total assets | $ | 20,707 |  |  | $ | 21,076 |  |  | $ | 48,071 |  |  | $ | 41,369 |  |  | $ | (94,939 | ) |  | $ | 36,284 |
Liabilities and shareholders’ equity |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | 753 |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | 757 |
Current portion of long-term debt | — |  |  | 303 |  |  | 8 |  |  | 3 |  |  | — |  |  | 314 |
Accounts payable | — |  |  | 424 |  |  | 343 |  |  | 1,112 |  |  | — |  |  | 1,879 |
Intercompany accounts payable | 2 |  |  | 2,794 |  |  | 4,855 |  |  | 3,088 |  |  | (10,739 | ) |  | — |
Accrued compensation | — |  |  | 129 |  |  | 76 |  |  | 258 |  |  | — |  |  | 463 |
Other current liabilities | — |  |  | 523 |  |  | 424 |  |  | 1,114 |  |  | (4 | ) |  | 2,057 |
Total current liabilities | 2 |  |  | 4,926 |  |  | 5,706 |  |  | 5,579 |  |  | (10,743 | ) |  | 5,470 |
Noncurrent liabilities |  |  |  |  |  |  |  |  |  |  |
Long-term debt | — |  |  | 8,397 |  |  | 1,331 |  |  | 34 |  |  | — |  |  | 9,762 |
Pension liabilities | — |  |  | 895 |  |  | 255 |  |  | 854 |  |  | — |  |  | 2,004 |
Other postretirement benefits liabilities | — |  |  | 454 |  |  | 189 |  |  | 97 |  |  | — |  |  | 740 |
Deferred income taxes | — |  |  | — |  |  | 1,546 |  |  | 795 |  |  | — |  |  | 2,341 |
Intercompany loans payable | 5,592 |  |  | 1,401 |  |  | 14,857 |  |  | 13,187 |  |  | (35,037 | ) |  | — |
Other noncurrent liabilities | — |  |  | 440 |  |  | 86 |  |  | 286 |  |  | — |  |  | 812 |
Total noncurrent liabilities | 5,592 |  |  | 11,587 |  |  | 18,264 |  |  | 15,253 |  |  | (35,037 | ) |  | 15,659 |
Shareholders’ equity |  |  |  |  |  |  |  |  |  |  |
Eaton shareholders' equity | 15,113 |  |  | 4,563 |  |  | 24,101 |  |  | 20,505 |  |  | (49,169 | ) |  | 15,113 |
Noncontrolling interests | — |  |  | — |  |  | — |  |  | 32 |  |  | 10 |  |  | 42 |
Total equity | 15,113 |  |  | 4,563 |  |  | 24,101 |  |  | 20,537 |  |  | (49,159 | ) |  | 15,155 |
Total liabilities and equity | $ | 20,707 |  |  | $ | 21,076 |  |  | $ | 48,071 |  |  | $ | 41,369 |  |  | $ | (94,939 | ) |  | $ | 36,284 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2013
| Eaton Corporation plc |  | Eaton Corporation |  | Subsidiary Guarantors |  | Other subsidiaries |  | Consolidating adjustments |  | Total
Net cash provided by (used in) operating activities | $ | 71 |  |  | $ | 234 |  |  | $ | 557 |  |  | $ | (151 | ) |  | $ | (2 | ) |  | $ | 709 |
Investing activities |  |  |  |  |  |  |  |  |  |  |
Capital expenditures for property, plant and equipment | — |  |  | (86 | ) |  | (34 | ) |  | (131 | ) |  | — |  |  | (251 | )
Cash paid for acquisitions of businesses, net of cash acquired | — |  |  | — |  |  | — |  |  | (11 | ) |  | — |  |  | (11 | )
Sales of short-term investments - net | — |  |  | 25 |  |  | 21 |  |  | 102 |  |  | — |  |  | 148 |
Loans to affiliates | — |  |  | (50 | ) |  | — |  |  | (1,912 | ) |  | 1,962 |  |  | — |
Repayments of loans from affiliates | — |  |  | 28 |  |  | 88 |  |  | 1,876 |  |  | (1,992 | ) |  | — |
Proceeds from sale of business | — |  |  | — |  |  | — |  |  | 761 |  |  | — |  |  | 761 |
Other - net | — |  |  | (18 | ) |  | (13 | ) |  | (10 | ) |  | — |  |  | (41 | )
Net cash (used in) provided by investing activities | — |  |  | (101 | ) |  | 62 |  |  | 675 |  |  | (30 | ) |  | 606 |
Financing activities |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | — |  |  | 17 |  |  | — |  |  | 11 |  |  | — |  |  | 28 |
Payments on borrowings | — |  |  | (972 | ) |  | (1 | ) |  | (4 | ) |  | — |  |  | (977 | )
Proceeds from borrowings from affiliates | — |  |  | 1,560 |  |  | 352 |  |  | 50 |  |  | (1,962 | ) |  | — |
Payments on borrowings from affiliates | — |  |  | (1,688 | ) |  | (188 | ) |  | (116 | ) |  | 1,992 |  |  | — |
Other intercompany financing activities | 323 |  |  | 840 |  |  | (789 | ) |  | (374 | ) |  | — |  |  | — |
Cash dividends paid | (397 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (397 | )
Cash dividends paid to affiliates | — |  |  | — |  |  | — |  |  | (2 | ) |  | 2 |  |  | — |
Exercise of employee stock options | — |  |  | 78 |  |  | — |  |  | — |  |  | — |  |  | 78 |
Excess tax benefit from equity-based compensation | — |  |  | 22 |  |  | — |  |  | — |  |  | — |  |  | 22 |
Other - net | — |  |  | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Net cash (used in) financing activities | (74 | ) |  | (143 | ) |  | (626 | ) |  | (439 | ) |  | 32 |  |  | (1,250 | )
Effect of currency on cash | — |  |  | — |  |  | — |  |  | (14 | ) |  | — |  |  | (14 | )
Total (decrease) increase in cash | (3 | ) |  | (10 | ) |  | (7 | ) |  | 71 |  |  | — |  |  | 51 |
Cash at the beginning of the period | 7 |  |  | 54 |  |  | 14 |  |  | 502 |  |  | — |  |  | 577 |
Cash at the end of the period | $ | 4 |  |  | $ | 44 |  |  | $ | 7 |  |  | $ | 573 |  |  | $ | — |  |  | $ | 628 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2012
| Eaton Corporation |  | Subsidiary Guarantors |  | Other subsidiaries |  | Consolidating adjustments |  | Total
Net cash (used in) provided by operating activities | $ | (111 | ) |  | $ | 24 |  |  | $ | 458 |  |  | $ | — |  |  | $ | 371 |
Investing activities |  |  |  |  |  |  |  |  |
Capital expenditures for property, plant and equipment | (135 | ) |  | (18 | ) |  | (78 | ) |  | — |  |  | (231 | )
Cash paid for acquisitions of businesses, net of cash acquired | 1 |  |  | — |  |  | (366 | ) |  | — |  |  | (365 | )
Sales (purchases) of short-term investments - net | 50 |  |  | — |  |  | (15 | ) |  | — |  |  | 35 |
Loans to affiliates | (173 | ) |  | — |  |  | (4,342 | ) |  | 4,515 |  |  | — |
Repayments of loans from affiliates | 136 |  |  | — |  |  | 4,365 |  |  | (4,501 | ) |  | — |
Proceeds from sale of business | 2 |  |  | — |  |  | 1 |  |  | — |  |  | 3 |
Other - net | (26 | ) |  | (6 | ) |  | 8 |  |  | — |  |  | (24 | )
Net cash used in investing activities | (145 | ) |  | (24 | ) |  | (427 | ) |  | 14 |  |  | (582 | )
Financing activities |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 600 |  |  | — |  |  | — |  |  | — |  |  | 600 |
Payments on borrowings | (3 | ) |  | (13 | ) |  | (2 | ) |  | — |  |  | (18 | )
Payments of financing costs | — |  |  | — |  |  | — |  |  | — |  |  | — |
Proceeds from borrowings from affiliates | 4,342 |  |  | — |  |  | 173 |  |  | (4,515 | ) |  | — |
Payments on borrowings from affiliates | (4,365 | ) |  | — |  |  | (136 | ) |  | 4,501 |  |  | — |
Other intercompany financing activities | (10 | ) |  | 11 |  |  | (1 | ) |  | — |  |  | — |
Cash dividends paid | (255 | ) |  | — |  |  | — |  |  | — |  |  | (255 | )
Cash dividends paid to affiliates | — |  |  | — |  |  | — |  |  | — |  |  | — |
Exercise of employee stock options | 44 |  |  | — |  |  | — |  |  | — |  |  | 44 |
Excess tax benefit from equity-based compensation | 21 |  |  | — |  |  | — |  |  | — |  |  | 21 |
Other - net | (50 | ) |  | — |  |  | 3 |  |  | — |  |  | (47 | )
Net cash provided by (used in) financing activities | 324 |  |  | (2 | ) |  | 37 |  |  | (14 | ) |  | 345 |
Effect of currency on cash | — |  |  | — |  |  | 6 |  |  | — |  |  | 6 |
Total increase (decrease) in cash | 68 |  |  | (2 | ) |  | 74 |  |  | — |  |  | 140 |
Cash at the beginning of the period | 120 |  |  | 3 |  |  | 262 |  |  | — |  |  | 385 |
Cash at the end of the period | $ | 188 |  |  | $ | 1 |  |  | $ | 336 |  |  | $ | — |  |  | $ | 525 |

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_CondensedFinancialStatementsCaptionsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration