v2.4.0.8
Equity (Tables)
 3 Months Ended
Mar. 31, 2014
Stockholders' Equity Note [Abstract]  
Changes in Shareholders' equity
The changes in Shareholders’ equity follow:
 
Eaton
shareholders’
equity
 
Noncontrolling
interests
 
Total
equity
Balance at December 31, 2013
$
16,791

 
$
72

 
$
16,863

Net income
439

 
2

 
441

Other comprehensive income
3

 
—

 
3

Cash dividends paid and accrued
(234
)
 
—

 
(234
)
Issuance of shares under equity-based compensation plans - net
38

 
—

 
38

Balance at March 31, 2014
$
17,037

 
$
74

 
$
17,111
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, 2013
$
(395
)
 
$
(1,170
)
 
$
5

 
$
(1,560
)
Other comprehensive (loss) income
    before reclassifications
(47
)
 
9

 
1

 
(37
)
Amounts reclassified from Accumulated other
   comprehensive (loss) income
—

 
41

 
(1
)
 
40

Net current-period other comprehensive
   (loss) income
(47
)
 
50

 
—

 
3

Balance at March 31, 2014
$
(442
)
 
$
(1,120
)
 
$
5

 
$
(1,557
)
Reclassification out of accumulated other comprehensive income [Table Text Block]
The reclassifications out of Accumulated other comprehensive loss follow:
 
 
Three months ended
March 31, 2014
 
Consolidated Statements of
Income classification
Amortization of defined benefit pension items
 
 
 
 
Actuarial loss
 
$
(66
)
 
1 
Tax benefit
 
25

 
 
Total, net of tax
 
(41
)
 
 
 
 
 
 
 
Loss on cash flow hedges
 
 
 
 
Currency exchange contracts
 
2

 
Cost of products sold
Tax expense
 
(1
)
 
 
Total, net of tax
 
1

 
 
 
 
 
 
 
Total reclassifications for the period
 
$
(40
)
 
 
Calculation of net income per ordinary share attributable to ordinary shareholders
A summary of the calculation of net income per ordinary share attributable to shareholders follows:
 
Three months ended
March 31
(Shares in millions)
2014
 
2013
Net income attributable to Eaton ordinary shareholders
$
439

 
$
378

 
 
 
 
Weighted-average number of ordinary shares outstanding - diluted
478.8

 
475.1

Less dilutive effect of equity-based compensation
3.0

 
3.2

Weighted-average number of ordinary shares outstanding - basic
475.8

 
471.9

 
 
 
 
Net income per ordinary share
 
 
 
Diluted
$
0.92

 
$
0.79

Basic
0.92

 
0.80