v2.4.0.8
Business Segment Information
 3 Months Ended
Mar. 31, 2014
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. Eaton’s operating segments are Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace and Vehicle. For additional information regarding Eaton’s business segments, see Note 14 to the Consolidated Financial Statements contained in the 2013 Form 10-K.
 
Three months ended
March 31
 
2014
 
2013
Net sales
 
 
 
Electrical Products
$
1,726

 
$
1,660

Electrical Systems and Services
1,524

 
1,521

Hydraulics
782

 
756

Aerospace
464

 
434

Vehicle
996

 
939

Total net sales
$
5,492

 
$
5,310

 
 
 
 
Segment operating profit
 
 
 
Electrical Products
$
250

 
$
241

Electrical Systems and Services
169

 
210

Hydraulics
108

 
78

Aerospace
62

 
62

Vehicle
151

 
132

Total segment operating profit
740

 
723

 
 
 
 
Corporate
 
 
 
Amortization of intangible assets
(110
)
 
(107
)
Interest expense - net
(62
)
 
(75
)
Pension and other postretirement benefits expense
(51
)
 
(38
)
Inventory step-up adjustment
—

 
(33
)
Other corporate expense - net
(64
)
 
(70
)
Income before income taxes
453

 
400

Income tax expense
12

 
20

Net income
441

 
380

Less net income for noncontrolling interests
(2
)
 
(2
)
Net income attributable to Eaton ordinary shareholders
$
439

 
$
378