v2.4.0.8

Eaton Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2013
Equity [Abstract] |
Comprehensive Income (Loss) | The following table summarizes the pre-tax and after-tax amounts recognized in Comprehensive income (loss):
| 2013 |  | 2012 |  | 2011
| Pre-tax |  | After-tax |  | Pre-tax |  | After-tax |  | Pre-tax |  | After-tax
Currency translation and related hedging instruments | $ | (30 | ) |  | $ | (28 | ) |  | $ | 144 |  |  | $ | 135 |  |  | $ | (252 | ) |  | $ | (241 | )
Pensions and other postretirement benefits |  |  |  |  |  |  |  |  |  |  |
Prior service cost arising during the year | (6 | ) |  | (4 | ) |  | (1 | ) |  | (1 | ) |  | (5 | ) |  | (4 | )
Net gain (loss) arising during the year | 456 |  |  | 277 |  |  | (386 | ) |  | (262 | ) |  | (648 | ) |  | (417 | )
Currency translation | (5 | ) |  | (4 | ) |  | (15 | ) |  | (12 | ) |  | 5 |  |  | 4 |
Other | 2 |  |  | 16 |  |  | (2 | ) |  | 15 |  |  | — |  |  | (15 | )
Amortization of actuarial loss and prior service cost reclassified to earnings | 229 |  |  | 144 |  |  | 170 |  |  | 108 |  |  | 122 |  |  | 79 |
| 676 |  |  | 429 |  |  | (234 | ) |  | (152 | ) |  | (526 | ) |  | (353 | )
Cash flow hedges |  |  |  |  |  |  |  |  |  |  |
Gain (loss) on derivatives designated as cash flow hedges | 6 |  |  | 3 |  |  | 10 |  |  | 10 |  |  | (28 | ) |  | (21 | )
Changes in cash flow hedges reclassified to earnings | — |  |  | — |  |  | 7 |  |  | 7 |  |  | — |  |  | (1 | )
Cash flow hedges, net of reclassification adjustments | 6 |  |  | 3 |  |  | 17 |  |  | 17 |  |  | (28 | ) |  | (22 | )
Other comprehensive income (loss) attributable to Eaton ordinary shareholders | $ | 652 |  |  | $ | 404 |  |  | $ | (73 | ) |  | $ | — |  |  | $ | (806 | ) |  | $ | (616 | )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The changes in Accumulated other comprehensive (loss) income follow:
| Currency translation and related hedging instruments |  | Pensions and other postretirement benefits |  | Cash flow hedges |  | Total
Balance at December 31, 2012 | $ | (367 | ) |  | $ | (1,599 | ) |  | $ | 2 |  |  | $ | (1,964 | )
Other comprehensive (loss) income before reclassifications | (28 | ) |  | 285 |  |  | 3 |  |  | 260 |
Amounts reclassified from Accumulated other comprehensive (loss) income | — |  |  | 144 |  |  | — |  |  | 144 |
Net current-period other comprehensive (loss) income | (28 | ) |  | 429 |  |  | 3 |  |  | 404 |
Balance at December 31, 2013 | $ | (395 | ) |  | $ | (1,170 | ) |  | $ | 5 |  |  | $ | (1,560 | )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | The reclassifications out of Accumulated other comprehensive (loss) income follow:
|  | December 31, 2013 |  | Consolidated Statements of Income classification
Amortization of defined benefit pension items |  |  |  |
Actuarial loss |  | $ | (229 | ) |  | 1
|  | (229 | ) |  |
Tax benefit |  | 85 |  |  |
Total, net of tax |  | (144 | ) |  |
Gains and losses on cash flow hedges |  |  |  |
Floating-to-fixed interest rate swaps |  | (1 | ) |  | Interest expense - net
Currency exchange contracts |  | 2 |  |  | Cost of products sold
Commodity contracts |  | (1 | ) |  | Cost of products sold
|  | — |  |  |
Tax expense |  | — |  |  |
Total, net of tax |  | — |  |  |
Total reclassifications for the period |  | $ | (144 | ) |  |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | A summary of the calculation of net income per ordinary share attributable to ordinary shareholders follows:
(Shares in millions) | 2013 |  | 2012 |  | 2011
Net income attributable to Eaton ordinary shareholders | $ | 1,861 |  |  | $ | 1,217 |  |  | $ | 1,350 |
Weighted-average number of ordinary shares outstanding - diluted | 476.7 |  |  | 350.9 |  |  | 342.8 |
Less dilutive effect of equity-based compensation | 3.2 |  |  | 3.1 |  |  | 4.5 |
Weighted-average number of ordinary shares outstanding - basic | 473.5 |  |  | 347.8 |  |  | 338.3 |
Net income per ordinary share |  |  |  |  |
Diluted | $ | 3.90 |  |  | $ | 3.46 |  |  | $ | 3.93 |
Basic | 3.93 |  |  | 3.54 |  |  | 3.98 |

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