v3.3.1.900
Business Segment and Geographic Region Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Business Segment Information - Net sales, Segment operating profit and Corporate
 
2015
 
2014
 
2013
Net sales
 
 
 
 
 
Electrical Products
$
6,976

 
$
7,254

 
$
7,026

Electrical Systems and Services
5,931

 
6,457

 
6,430

Hydraulics
2,459

 
2,975

 
2,981

Aerospace
1,807

 
1,860

 
1,774

Vehicle
3,682

 
4,006

 
3,835

Total net sales
$
20,855

 
$
22,552

 
$
22,046

 
 
 
 
 
 
Segment operating profit
 
 
 
 
 
Electrical Products
$
1,156

 
$
1,184

 
$
1,090

Electrical Systems and Services
776

 
843

 
889

Hydraulics
246

 
367

 
355

Aerospace
310

 
273

 
252

Vehicle
645

 
645

 
592

Total segment operating profit
3,133

 
3,312

 
3,178

 
 
 
 
 
 
Corporate
 
 
 
 
 
Litigation settlements

 
(644
)
 

Amortization of intangible assets
(406
)
 
(431
)
 
(437
)
Interest expense - net
(232
)
 
(227
)
 
(271
)
Pension and other postretirement benefits expense
(130
)
 
(138
)
 
(183
)
Inventory step-up adjustment

 

 
(34
)
Other corporate expense - net
(220
)
 
(111
)
 
(369
)
Income before income taxes
2,145

 
1,761

 
1,884

Income tax expense (benefit)
164

 
(42
)
 
11

Net income
1,981

 
1,803

 
1,873

Less net income for noncontrolling interests
(2
)
 
(10
)
 
(12
)
Net income attributable to Eaton ordinary shareholders
$
1,979

 
$
1,793

 
$
1,861

Business Segment Information - Acquisition integration charges
Business segment operating profit was reduced by acquisition integration charges as follows:
 
2015
 
2014
 
2013
Electrical Products
$
25

 
$
66

 
$
44

Electrical Systems and Services
15

 
51

 
37

Hydraulics
2

 
12

 
36

Total
$
42

 
$
129

 
$
117

Business Segment Information - Identifiable assets, Capital expenditures for property, plant, and equipment, and Depreciation of property, plant, and equipment
 
2015
 
2014
 
2013
Identifiable assets
 
 
 
 
 
Electrical Products
$
2,538

 
$
3,012

 
$
3,204

Electrical Systems and Services
2,285

 
2,512

 
2,683

Hydraulics
1,138

 
1,315

 
1,362

Aerospace
841

 
832

 
852

Vehicle
1,579

 
1,668

 
1,716

Total identifiable assets
8,381

 
9,339

 
9,817

Goodwill
13,479

 
13,893

 
14,495

Other intangible assets
6,014

 
6,556

 
7,186

Corporate
3,157

 
3,741

 
3,993

Total assets
$
31,031

 
$
33,529

 
$
35,491

 
 
 
 
 
 
Capital expenditures for property, plant and equipment
 
 
 
 
 
Electrical Products
$
137

 
$
170

 
$
152

Electrical Systems and Services
94

 
147

 
113

Hydraulics
61

 
79

 
80

Aerospace
33

 
28

 
29

Vehicle
119

 
160

 
161

Total
444

 
584

 
535

Corporate
62

 
48

 
79

Total expenditures for property, plant and equipment
$
506

 
$
632

 
$
614

 
 
 
 
 
 
Depreciation of property, plant and equipment
 
 
 
 
 
Electrical Products
$
137

 
$
148

 
$
151

Electrical Systems and Services
82

 
90

 
86

Hydraulics
67

 
67

 
65

Aerospace
28

 
28

 
27

Vehicle
113

 
130

 
133

Total
427

 
463

 
462

Corporate
52

 
51

 
54

Total depreciation of property, plant and equipment
$
479

 
$
514

 
$
516

Geographic Region Information - Net sales and long-lived assets
Net sales are measured based on the geographic destination of sales. Long-lived assets consist of property, plant and equipment - net.
 
2015

2014

2013
Net sales
 
 
 
 
 
United States
$
11,396

 
$
11,701

 
$
11,092

Canada
969

 
1,113

 
1,154

Latin America
1,726

 
1,988

 
2,113

Europe
4,379

 
5,074

 
5,112

Asia Pacific
2,385

 
2,676

 
2,575

Total
$
20,855

 
$
22,552

 
$
22,046

 
 
 
 
 
 
Long-lived assets
 
 
 
 
 
United States
$
1,982

 
$
1,988

 
$
1,966

Canada
19

 
25

 
28

Latin America
243

 
306

 
331

Europe
734

 
799

 
856

Asia Pacific
587

 
632

 
652

Total
$
3,565

 
$
3,750

 
$
3,833