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REVENUE RECOGNITION (Tables)

3 Months Ended

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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Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date.

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Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

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