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BASIS OF PRESENTATION (Tables)
 3 Months Ended
Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
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