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REVENUE RECOGNITION (Tables) | 3 Months Ended
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Mar. 31, 2018
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Sales |
Net sales | United States |  | Rest of world |  | Total
Electrical Products | $ | 960 |  |  | $ | 772 |  |  | $ | 1,732 |
Electrical Systems and Services | 894 |  |  | 487 |  |  | 1,381 |
Hydraulics | 297 |  |  | 413 |  |  | 710 |
| Original Equipment Manufacturers |  | Aftermarket, Distribution and End User |  |
Aerospace | $ | 264 |  |  | $ | 194 |  |  | 458 |
| Commercial |  | Passenger and Light Duty |  |
Vehicle | $ | 430 |  |  | $ | 463 |  |  | 893 |
eMobility |  |  |  |  | 77 |
Total |  |  |  |  | $ | 5,251 |
Schedule of Changes in Deferred Revenue Liabilities | Changes in the deferred revenue liabilities are as follows:
| Deferred Revenue
Balance at January 1, 2018 | $ | 227 |
Customer deposits and billings | 232 |
Revenue recognized in the period | (209 | )
Translation | 1 |
Balance at March 31, 2018 | $ | 251 |
Schedule of the Impact of Adoption of ASU 2014-09 |
Consolidated Balance Sheet | Balance at December 31, 2017 |  | Adjustments due to ASU 2014-09 |  | Balance at January 1, 2018
Assets |  |  |  |  |
| Accounts receivable - net | $ | 3,943 |  |  | $ | (99 | ) |  | $ | 3,844 |
| Prepaid expenses and other current assets | 679 |  |  | 129 |  |  | 808 |
| Deferred income taxes | 253 |  |  | 1 |  |  | 254 |
Liabilities and shareholders' equity |  |  |  |  |
| Other current liabilities | $ | 1,872 |  |  | $ | 33 |  |  | $ | 1,905 |
| Eaton shareholders' equity | 17,253 |  |  | (2 | ) |  | 17,251 |
In accordance with the new revenue accounting requirements, the impact of the adoption on the financial statement line items within the accompanying financial statements was as follows:
| Three months ended March 31, 2018
Consolidated Statements of Income | As Reported |  | Adjustment |  | Balances without Adoption of ASC 606
Net sales | $ | 5,251 |  |  | $ | (7 | ) |  | $ | 5,244 |
Cost of products sold | 3,573 |  |  | (4 | ) |  | 3,569 |
Income before income taxes | 565 |  |  | (3 | ) |  | 562 |
Income tax expense | 78 |  |  | (1 | ) |  | 77 |
Net income | 487 |  |  | (2 | ) |  | 485 |
Net income attributable to Eaton ordinary shareholders | $ | 488 |  |  | $ | (2 | ) |  | $ | 486 |
| March 31, 2018
Condensed Consolidated Balance Sheets | As Reported |  | Adjustment |  | Balances without Adoption of ASC 606
Assets |  |  |  |  |
Accounts receivable - net | $ | 4,005 |  |  | $ | 107 |  |  | $ | 4,112 |
Inventory | 2,745 |  |  | 3 |  |  | 2,748 |
Prepaid expenses and other current assets | 552 |  |  | (139 | ) |  | 413 |
Deferred income taxes | 356 |  |  | (1 | ) |  | 355 |
Liabilities |  |  |  |  |
Other current liabilities | $ | 1,861 |  |  | $ | (30 | ) |  | $ | 1,831 |

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