XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 5,211 $ 4,987 $ 15,191 $ 14,880
Cost of products sold 3,469 3,371 10,229 10,081
Selling and administrative expense 916 853 2,703 2,642
Research and development expense 147 146 440 444
Interest expense - net 60 59 181 173
Pre-tax gain on sale of consolidated subsidiary and remaining investment in joint venture 1,077 0 1,077 0
Other expense (income) - net 5 (15) (10) (28)
Income before income taxes 1,691 573 2,725 1,568
Income tax expense 292 51 378 151
Net income 1,399 522 2,347 1,417
Less net (income) loss for noncontrolling interests 0 1 (1) 1
Net income attributable to Eaton ordinary shareholders $ 1,399 $ 523 $ 2,346 $ 1,418
Net income per share attributable to Eaton ordinary shareholders        
Diluted (usd per share) $ 3.14 $ 1.15 $ 5.23 $ 3.09
Basic (usd per share) $ 3.16 $ 1.15 $ 5.26 $ 3.10
Weighted-average number of ordinary shares outstanding        
Diluted (shares) 445.2 455.6 448.3 457.9
Basic (shares) 442.6 453.9 445.9 456.5
Cash dividends declared per ordinary share (usd per share) $ 0.6 $ 0.57 $ 1.8 $ 1.71