|
Condensed Consolidating Financial Statements Condensed Consolidating Balance Sheets (Details) (USD $) In Millions, unless otherwise specified
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Nov. 20, 2012
|
Nov. 14, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
| Condensed Consolidating Balance Sheets [Line Items] |
|
|
|
|
|
|
| Cash |
$ 915 |
$ 577 |
|
|
$ 385 |
$ 333 |
| Short-term investments |
794 |
527 |
|
|
|
|
| Accounts receivable - net |
3,648 |
3,474 |
|
|
|
|
| Intercompany accounts receivable |
0 |
0 |
|
|
|
|
| Inventory |
2,382 |
2,336 |
|
|
|
|
| Prepaid expenses and other current assets |
992 |
986 |
|
|
|
|
| Total current assets |
8,731 |
7,900 |
|
|
|
|
| Property, plant and equipment - net |
3,833 |
3,786 |
|
|
2,602 |
|
| Goodwill |
14,495 |
14,443 |
|
|
5,537 |
|
| Other intangible assets |
7,186 |
7,580 |
|
|
2,192 |
|
| Deferred income taxes |
240 |
353 |
|
|
|
|
| Investment in subsidiaries |
0 |
0 |
|
|
|
|
| Intercompany loans receivable |
0 |
0 |
|
|
|
|
| Other assets |
1,006 |
1,748 |
|
|
|
|
| Total assets |
35,491 |
35,810 |
|
|
17,873 |
|
| Short-term debt |
13 |
757 |
|
|
|
|
| Current portion of long-term debt |
567 |
314 |
|
|
|
|
| Accounts payable |
1,960 |
1,879 |
|
|
|
|
| Intercompany accounts payable |
0 |
0 |
|
|
|
|
| Accrued compensation |
461 |
462 |
|
|
|
|
| Other current liabilities |
1,913 |
2,103 |
|
|
|
|
| Total current liabilities |
4,914 |
5,515 |
|
|
|
|
| Long-term debt |
8,969 |
9,765 |
|
|
|
|
| Pension liabilities |
1,465 |
2,003 |
|
|
|
|
| Other postretirement benefits liabilities |
668 |
742 |
|
|
|
|
| Deferred income taxes |
1,313 |
1,548 |
|
|
|
|
| Intercompany loans payable |
0 |
0 |
|
|
|
|
| Other noncurrent liabilities |
1,299 |
1,059 |
|
|
|
|
| Total noncurrent liabilities |
13,714 |
15,117 |
|
|
|
|
| Eaton shareholders' equity |
16,791 |
15,113 |
|
|
|
|
| Noncontrolling interests |
72 |
65 |
|
|
|
|
| Total equity |
16,863 |
15,178 |
|
|
7,492 |
7,403 |
| Total liabilities and equity |
35,491 |
35,810 |
|
|
|
|
| Issuance of senior notes |
|
|
4,900 |
4,900 |
|
|
| Eaton and certain other of Eaton's principal 100% owned subsidiaries full and unconditional guarantee of the Senior Notes, on a joint and several basis |
|
|
100.00% |
|
|
|
|
Eaton Corporation plc [Member]
|
|
|
|
|
|
|
| Condensed Consolidating Balance Sheets [Line Items] |
|
|
|
|
|
|
| Cash |
3 |
7 |
|
|
|
|
| Short-term investments |
0 |
0 |
|
|
|
|
| Accounts receivable - net |
0 |
0 |
|
|
|
|
| Intercompany accounts receivable |
5 |
38 |
|
|
|
|
| Inventory |
0 |
0 |
|
|
|
|
| Prepaid expenses and other current assets |
0 |
0 |
|
|
|
|
| Total current assets |
8 |
45 |
|
|
|
|
| Property, plant and equipment - net |
0 |
0 |
|
|
|
|
| Goodwill |
0 |
0 |
|
|
|
|
| Other intangible assets |
0 |
0 |
|
|
|
|
| Deferred income taxes |
0 |
0 |
|
|
|
|
| Investment in subsidiaries |
24,940 |
20,662 |
|
|
|
|
| Intercompany loans receivable |
0 |
0 |
|
|
|
|
| Other assets |
0 |
0 |
|
|
|
|
| Total assets |
24,948 |
20,707 |
|
|
|
|
| Short-term debt |
0 |
0 |
|
|
|
|
| Current portion of long-term debt |
0 |
0 |
|
|
|
|
| Accounts payable |
0 |
0 |
|
|
|
|
| Intercompany accounts payable |
4 |
2 |
|
|
|
|
| Accrued compensation |
0 |
0 |
|
|
|
|
| Other current liabilities |
5 |
0 |
|
|
|
|
| Total current liabilities |
9 |
2 |
|
|
|
|
| Long-term debt |
0 |
0 |
|
|
|
|
| Pension liabilities |
0 |
0 |
|
|
|
|
| Other postretirement benefits liabilities |
0 |
0 |
|
|
|
|
| Deferred income taxes |
0 |
0 |
|
|
|
|
| Intercompany loans payable |
8,148 |
5,592 |
|
|
|
|
| Other noncurrent liabilities |
0 |
0 |
|
|
|
|
| Total noncurrent liabilities |
8,148 |
5,592 |
|
|
|
|
| Eaton shareholders' equity |
16,791 |
15,113 |
|
|
|
|
| Noncontrolling interests |
0 |
0 |
|
|
|
|
| Total equity |
16,791 |
15,113 |
|
|
|
|
| Total liabilities and equity |
24,948 |
20,707 |
|
|
|
|
|
Eaton Corporation [Member]
|
|
|
|
|
|
|
| Condensed Consolidating Balance Sheets [Line Items] |
|
|
|
|
|
|
| Cash |
51 |
54 |
|
|
120 |
33 |
| Short-term investments |
0 |
25 |
|
|
|
|
| Accounts receivable - net |
473 |
654 |
|
|
|
|
| Intercompany accounts receivable |
471 |
335 |
|
|
|
|
| Inventory |
344 |
341 |
|
|
|
|
| Prepaid expenses and other current assets |
458 |
391 |
|
|
|
|
| Total current assets |
1,797 |
1,800 |
|
|
|
|
| Property, plant and equipment - net |
982 |
934 |
|
|
|
|
| Goodwill |
1,382 |
1,382 |
|
|
|
|
| Other intangible assets |
211 |
231 |
|
|
|
|
| Deferred income taxes |
839 |
941 |
|
|
|
|
| Investment in subsidiaries |
8,853 |
7,678 |
|
|
|
|
| Intercompany loans receivable |
8,019 |
7,650 |
|
|
|
|
| Other assets |
450 |
459 |
|
|
|
|
| Total assets |
22,533 |
21,075 |
|
|
|
|
| Short-term debt |
0 |
753 |
|
|
|
|
| Current portion of long-term debt |
552 |
303 |
|
|
|
|
| Accounts payable |
440 |
424 |
|
|
|
|
| Intercompany accounts payable |
3,751 |
2,794 |
|
|
|
|
| Accrued compensation |
140 |
129 |
|
|
|
|
| Other current liabilities |
547 |
523 |
|
|
|
|
| Total current liabilities |
5,430 |
4,926 |
|
|
|
|
| Long-term debt |
7,693 |
8,398 |
|
|
|
|
| Pension liabilities |
546 |
895 |
|
|
|
|
| Other postretirement benefits liabilities |
402 |
454 |
|
|
|
|
| Deferred income taxes |
0 |
0 |
|
|
|
|
| Intercompany loans payable |
2,113 |
1,401 |
|
|
|
|
| Other noncurrent liabilities |
652 |
440 |
|
|
|
|
| Total noncurrent liabilities |
11,406 |
11,588 |
|
|
|
|
| Eaton shareholders' equity |
5,697 |
4,561 |
|
|
|
|
| Noncontrolling interests |
0 |
0 |
|
|
|
|
| Total equity |
5,697 |
4,561 |
|
|
|
|
| Total liabilities and equity |
22,533 |
21,075 |
|
|
|
|
|
Guarantors [Member]
|
|
|
|
|
|
|
| Condensed Consolidating Balance Sheets [Line Items] |
|
|
|
|
|
|
| Cash |
10 |
14 |
|
|
3 |
6 |
| Short-term investments |
134 |
38 |
|
|
|
|
| Accounts receivable - net |
922 |
393 |
|
|
|
|
| Intercompany accounts receivable |
3,368 |
4,683 |
|
|
|
|
| Inventory |
609 |
602 |
|
|
|
|
| Prepaid expenses and other current assets |
175 |
245 |
|
|
|
|
| Total current assets |
5,218 |
5,975 |
|
|
|
|
| Property, plant and equipment - net |
761 |
777 |
|
|
|
|
| Goodwill |
6,350 |
6,350 |
|
|
|
|
| Other intangible assets |
3,996 |
4,094 |
|
|
|
|
| Deferred income taxes |
3 |
0 |
|
|
|
|
| Investment in subsidiaries |
40,776 |
21,912 |
|
|
|
|
| Intercompany loans receivable |
2,518 |
13,262 |
|
|
|
|
| Other assets |
186 |
124 |
|
|
|
|
| Total assets |
59,808 |
52,494 |
|
|
|
|
| Short-term debt |
0 |
0 |
|
|
|
|
| Current portion of long-term debt |
0 |
8 |
|
|
|
|
| Accounts payable |
380 |
344 |
|
|
|
|
| Intercompany accounts payable |
3,288 |
3,099 |
|
|
|
|
| Accrued compensation |
37 |
74 |
|
|
|
|
| Other current liabilities |
400 |
411 |
|
|
|
|
| Total current liabilities |
4,105 |
3,936 |
|
|
|
|
| Long-term debt |
1,266 |
1,331 |
|
|
|
|
| Pension liabilities |
131 |
232 |
|
|
|
|
| Other postretirement benefits liabilities |
171 |
189 |
|
|
|
|
| Deferred income taxes |
1,303 |
1,397 |
|
|
|
|
| Intercompany loans payable |
18,207 |
14,857 |
|
|
|
|
| Other noncurrent liabilities |
162 |
157 |
|
|
|
|
| Total noncurrent liabilities |
21,240 |
18,163 |
|
|
|
|
| Eaton shareholders' equity |
34,463 |
30,395 |
|
|
|
|
| Noncontrolling interests |
0 |
0 |
|
|
|
|
| Total equity |
34,463 |
30,395 |
|
|
|
|
| Total liabilities and equity |
59,808 |
52,494 |
|
|
|
|
|
Other Subsidiaries [Member]
|
|
|
|
|
|
|
| Condensed Consolidating Balance Sheets [Line Items] |
|
|
|
|
|
|
| Cash |
851 |
502 |
|
|
262 |
294 |
| Short-term investments |
660 |
464 |
|
|
|
|
| Accounts receivable - net |
2,253 |
2,427 |
|
|
|
|
| Intercompany accounts receivable |
4,470 |
3,887 |
|
|
|
|
| Inventory |
1,466 |
1,432 |
|
|
|
|
| Prepaid expenses and other current assets |
350 |
341 |
|
|
|
|
| Total current assets |
10,050 |
9,053 |
|
|
|
|
| Property, plant and equipment - net |
2,090 |
2,075 |
|
|
|
|
| Goodwill |
6,763 |
6,711 |
|
|
|
|
| Other intangible assets |
2,979 |
3,255 |
|
|
|
|
| Deferred income taxes |
145 |
195 |
|
|
|
|
| Investment in subsidiaries |
8,473 |
6,931 |
|
|
|
|
| Intercompany loans receivable |
18,776 |
14,125 |
|
|
|
|
| Other assets |
370 |
1,165 |
|
|
|
|
| Total assets |
49,646 |
43,510 |
|
|
|
|
| Short-term debt |
13 |
4 |
|
|
|
|
| Current portion of long-term debt |
15 |
3 |
|
|
|
|
| Accounts payable |
1,140 |
1,111 |
|
|
|
|
| Intercompany accounts payable |
1,271 |
3,048 |
|
|
|
|
| Accrued compensation |
284 |
259 |
|
|
|
|
| Other current liabilities |
965 |
1,173 |
|
|
|
|
| Total current liabilities |
3,688 |
5,598 |
|
|
|
|
| Long-term debt |
16 |
36 |
|
|
|
|
| Pension liabilities |
788 |
876 |
|
|
|
|
| Other postretirement benefits liabilities |
95 |
99 |
|
|
|
|
| Deferred income taxes |
757 |
934 |
|
|
|
|
| Intercompany loans payable |
845 |
13,187 |
|
|
|
|
| Other noncurrent liabilities |
485 |
462 |
|
|
|
|
| Total noncurrent liabilities |
2,986 |
15,594 |
|
|
|
|
| Eaton shareholders' equity |
42,906 |
22,263 |
|
|
|
|
| Noncontrolling interests |
66 |
55 |
|
|
|
|
| Total equity |
42,972 |
22,318 |
|
|
|
|
| Total liabilities and equity |
49,646 |
43,510 |
|
|
|
|
|
Consolidating Adjustments [Member]
|
|
|
|
|
|
|
| Condensed Consolidating Balance Sheets [Line Items] |
|
|
|
|
|
|
| Cash |
0 |
0 |
|
|
0 |
0 |
| Short-term investments |
0 |
0 |
|
|
|
|
| Accounts receivable - net |
0 |
0 |
|
|
|
|
| Intercompany accounts receivable |
(8,314) |
(8,943) |
|
|
|
|
| Inventory |
(37) |
(39) |
|
|
|
|
| Prepaid expenses and other current assets |
9 |
9 |
|
|
|
|
| Total current assets |
(8,342) |
(8,973) |
|
|
|
|
| Property, plant and equipment - net |
0 |
0 |
|
|
|
|
| Goodwill |
0 |
0 |
|
|
|
|
| Other intangible assets |
0 |
0 |
|
|
|
|
| Deferred income taxes |
(747) |
(783) |
|
|
|
|
| Investment in subsidiaries |
(83,042) |
(57,183) |
|
|
|
|
| Intercompany loans receivable |
(29,313) |
(35,037) |
|
|
|
|
| Other assets |
0 |
0 |
|
|
|
|
| Total assets |
(121,444) |
(101,976) |
|
|
|
|
| Short-term debt |
0 |
0 |
|
|
|
|
| Current portion of long-term debt |
0 |
0 |
|
|
|
|
| Accounts payable |
0 |
0 |
|
|
|
|
| Intercompany accounts payable |
(8,314) |
(8,943) |
|
|
|
|
| Accrued compensation |
0 |
0 |
|
|
|
|
| Other current liabilities |
(4) |
(4) |
|
|
|
|
| Total current liabilities |
(8,318) |
(8,947) |
|
|
|
|
| Long-term debt |
(6) |
0 |
|
|
|
|
| Pension liabilities |
0 |
0 |
|
|
|
|
| Other postretirement benefits liabilities |
0 |
0 |
|
|
|
|
| Deferred income taxes |
(747) |
(783) |
|
|
|
|
| Intercompany loans payable |
(29,313) |
(35,037) |
|
|
|
|
| Other noncurrent liabilities |
0 |
0 |
|
|
|
|
| Total noncurrent liabilities |
(30,066) |
(35,820) |
|
|
|
|
| Eaton shareholders' equity |
(83,066) |
(57,219) |
|
|
|
|
| Noncontrolling interests |
6 |
10 |
|
|
|
|
| Total equity |
(83,060) |
(57,209) |
|
|
|
|
| Total liabilities and equity |
$ (121,444) |
$ (101,976) |
|
|
|
|