v3.2.0.727
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net sales $ 5,372 $ 5,767 $ 10,595 $ 11,259
Cost of products sold 3,675 4,025 7,268 7,883
Selling and administrative expense 901 984 1,816 1,946
Litigation settlements 0 (644) 0 (644)
Research and development expense 158 168 316 330
Interest expense - net 59 55 116 117
Other income - net (19) (166) (24) (171)
Income before income taxes 598 57 1,103 510
Income tax expense (benefit) 63 (115) 101 (103)
Net income 535 172 1,002 613
Less net income for noncontrolling interests 0 (1) (1) (3)
Net income attributable to Eaton ordinary shareholders $ 535 $ 171 $ 1,001 $ 610
Net income per ordinary share        
Diluted (usd per share) $ 1.14 $ 0.36 $ 2.13 $ 1.27
Basic (usd per share) $ 1.14 $ 0.36 $ 2.14 $ 1.28
Weighted-average number of ordinary shares outstanding        
Diluted (shares) 469.2 478.5 469.6 478.7
Basic (shares) 467.6 475.9 467.7 475.9
Cash dividends declared per ordinary share (usd per share) $ 0.55 $ 0.49 $ 1.10 $ 0.98