v3.2.0.727
Equity (Tables)
 6 Months Ended
Jun. 30, 2015
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, 2014
$
15,786

 
$
53

 
$
15,839

Net income
1,001

 
1

 
1,002

Other comprehensive loss
(404
)
 
—

 
(404
)
Cash dividends paid and accrued
(514
)
 
(4
)
 
(518
)
Issuance of shares under equity-based compensation plans - net
54

 
—

 
54

Repurchase of shares
(170
)
 
—

 
(170
)
Balance at June 30, 2015
$
15,753

 
$
50

 
$
15,803
Schedule of Accumulated Other Comprehensive Loss [Table Text Block]
The changes in Accumulated other comprehensive loss follow:
 
Currency translation and related hedging instruments
 
Pensions and other postretirement benefits
 
Cash flow
hedges
 
Total
Balance at December 31, 2014
$
(1,414
)
 
$
(1,485
)
 
$
—

 
$
(2,899
)
Other comprehensive (loss) income
    before reclassifications
(511
)
 
30

 
7

 
(474
)
Amounts reclassified from Accumulated other
   comprehensive loss
—

 
74

 
(4
)
 
70

Net current-period Other comprehensive
   (loss) income
(511
)
 
104

 
3

 
(404
)
Balance at June 30, 2015
$
(1,925
)
 
$
(1,381
)
 
$
3

 
$
(3,303
)
Reclassification out of accumulated other comprehensive loss [Table Text Block]
The reclassifications out of Accumulated other comprehensive loss follow:
 
Six months ended June 30, 2015
 
Consolidated statements
of income classification
Amortization of pensions and other postretirement benefits items
 
 
 
Actuarial loss and prior service cost
$
(114
)
1 
 
Tax benefit
40

 
 
Total, net of tax
(74
)
 
 
 
 
 
 
Gains and (losses) on cash flow hedges
 
 
 
Currency exchange contracts
6

 
Cost of products sold
Tax expense
(2
)
 
 
Total, net of tax
4

 
 
 
 
 
 
Total reclassifications for the period
$
(70
)
 
 
Calculation of net income per ordinary share attributable to shareholders
A summary of the calculation of net income per ordinary share attributable to shareholders follows:
 
Three months ended
June 30
 
Six months ended
June 30
(Shares in millions)
2015
 
2014
 
2015
 
2014
Net income attributable to Eaton ordinary shareholders
$
535

 
$
171

 
$
1,001

 
$
610

 
 
 
 
 
 
 
 
Weighted-average number of ordinary shares outstanding - diluted
469.2

 
478.5

 
469.6

 
478.7

Less dilutive effect of equity-based compensation
1.6

 
2.6

 
1.9

 
2.8

Weighted-average number of ordinary shares outstanding - basic
467.6

 
475.9

 
467.7

 
475.9

 
 
 
 
 
 
 
 
Net income per ordinary share
 
 
 
 
 
 
 
Diluted
$
1.14

 
$
0.36

 
$
2.13

 
$
1.27

Basic
1.14

 
0.36

 
2.14

 
1.28