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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash $ 412 $ 283
Short-term investments 385 157
Accounts receivable - net 3,944 3,858
Inventory 2,853 2,785
Prepaid expenses and other current assets 532 507
Total current assets 8,126 7,590
Land and buildings 2,464 2,466
Machinery and equipment 6,261 6,106
Gross property, plant and equipment 8,725 8,572
Accumulated depreciation (5,215) (5,105)
Net property, plant and equipment 3,510 3,467
Other noncurrent assets    
Goodwill 13,463 13,328
Other intangible assets 4,766 4,846
Operating lease assets 419 0
Deferred income taxes 303 293
Other assets 1,657 1,568
Total assets 32,244 31,092
Current liabilities    
Short-term debt 2 414
Current portion of long-term debt 5 339
Accounts payable 2,268 2,130
Accrued compensation 357 457
Other current liabilities 1,818 1,814
Total current liabilities 4,450 5,154
Noncurrent liabilities    
Long-term debt 8,079 6,768
Pension liabilities 1,266 1,304
Other postretirement benefits liabilities 324 321
Operating lease liabilities 311 0
Deferred income taxes 389 349
Other noncurrent liabilities 1,064 1,054
Total noncurrent liabilities 11,433 9,796
Shareholders’ equity    
Ordinary shares (420.0 million outstanding in 2019 and 423.6 million in 2018) 4 4
Capital in excess of par value 12,112 12,090
Retained Earnings 8,300 8,161
Accumulated Other Comprehensive Loss (4,108) (4,145)
Shares held in trust (2) (3)
Total Eaton shareholders’ equity 16,306 16,107
Noncontrolling interests 55 35
Total equity 16,361 16,142
Total liabilities and equity $ 32,244 $ 31,092