v2.4.0.8
Eaton Shareholders' Equity (Tables)
 12 Months Ended
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