v3.3.1.900
Eaton Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Comprehensive Income (Loss)
The following table summarizes the pre-tax and after-tax amounts recognized in Comprehensive income (loss):
 
2015
 
2014
 
2013
 
Pre-tax
 
After-tax
 
Pre-tax
 
After-tax
 
Pre-tax
 
After-tax
Currency translation and related hedging instruments
$
(1,080
)
 
$
(1,078
)
 
$
(1,014
)
 
$
(1,019
)
 
$
(30
)
 
$
(28
)
 
 
 
 
 
 
 
 
 
 
 
 
Pensions and other postretirement benefits
 
 
 
 
 
 
 
 
 
 
 
Prior service credit (cost) arising during the year
1

 
1

 
82

 
51

 
(6
)
 
(4
)
Net (loss) gain arising during the year
(123
)
 
(89
)
 
(718
)
 
(519
)
 
456

 
277

Currency translation
62

 
46

 
56

 
47

 
(5
)
 
(4
)
Other
—

 
(3
)
 
—

 
(4
)
 
2

 
16

Amortization of actuarial loss and prior service cost
   reclassified to earnings
237

 
156

 
168

 
110

 
229

 
144

 
177

 
111

 
(412
)
 
(315
)
 
676

 
429

 
 
 
 
 
 
 
 
 
 
 
 
Cash flow hedges
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on derivatives designated as cash flow hedges
20

 
13

 
(3
)
 
(2
)
 
6

 
3

Changes in cash flow hedges reclassified to earnings
(16
)
 
(10
)
 
(5
)
 
(3
)
 
—

 
—

  Cash flow hedges, net of reclassification adjustments
4

 
3

 
(8
)
 
(5
)
 
6

 
3

Other comprehensive (loss) income attributable to Eaton
   ordinary shareholders
$
(899
)
 
$
(964
)
 
$
(1,434
)
 
$
(1,339
)
 
$
652

 
$
404
Schedule of Accumulated Other Comprehensive Income (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
(1,078
)
 
(45
)
 
13

 
(1,110
)
Amounts reclassified from Accumulated other
   comprehensive loss (income)
—

 
156

 
(10
)
 
146

Net current-period Other comprehensive
   (loss) income
(1,078
)
 
111

 
3

 
(964
)
Balance at December 31, 2015
$
(2,492
)
 
$
(1,374
)
 
$
3

 
$
(3,863
)
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
The reclassifications out of Accumulated other comprehensive loss follow:
 
 
December 31, 2015
 
Consolidated Statements of
Income classification
Amortization of defined benefit pension and other
   postretirement benefits items
 
 
 
 
Actuarial loss and prior service cost
 
$
(237
)
 
1 
Tax benefit
 
81

 
 
Total, net of tax
 
(156
)
 
 
 
 
 
 
 
Gains and (losses) on cash flow hedges
 
 
 
 
Currency exchange contracts
 
16

 
Cost of products sold
Tax expense
 
(6
)
 
 
Total, net of tax
 
10

 
 
 
 
 
 
 
Total reclassifications for the period
 
$
(146
)
 
 
1 These components of Accumulated other comprehensive loss are included in the computation of net periodic benefit cost. See Note 7 for additional information about defined benefit pension and other postretirement benefits items.
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
A summary of the calculation of net income per share attributable to Eaton ordinary shareholders follows:
(Shares in millions)
2015
 
2014
 
2013
Net income attributable to Eaton ordinary shareholders
$
1,979

 
$
1,793

 
$
1,861

 
 
 
 
 
 
Weighted-average number of ordinary shares outstanding - diluted
467.1

 
476.8

 
476.7

Less dilutive effect of equity-based compensation
1.6

 
2.7

 
3.2

Weighted-average number of ordinary shares outstanding - basic
465.5

 
474.1

 
473.5

 
 
 
 
 
 
Net income per share attributable to Eaton ordinary shareholders
 
 
 
 
 
Diluted
$
4.23

 
$
3.76

 
$
3.90

Basic
4.25

 
3.78

 
3.93