XML 122 R109.htm IDEA: XBRL DOCUMENT
v3.22.0.1

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES - Derivative Financial Instrument Recognized in the Consolidated Balance Sheet (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2021 | Dec. 31, 2020
Other current assets |  |
Derivatives, Fair Value [Line Items] |  |
Derivative asset designated as hedging instrument | $ 41 | $ 26
Derivative asset not designated as hedging instrument | 35 | 45
Other noncurrent assets |  |
Derivatives, Fair Value [Line Items] |  |
Derivative asset designated as hedging instrument | 69 | 123
Other current liabilities |  |
Derivatives, Fair Value [Line Items] |  |
Derivative liability designated as hedging instrument | 12 | 20
Derivative liability not designated as hedging instrument | 10 | 34
Other noncurrent liabilities |  |
Derivatives, Fair Value [Line Items] |  |
Derivative liability designated as hedging instrument | 82 | 109
Derivatives designated as hedges | Fair value hedging | Fixed-to-floating interest rate swaps |  |
Derivatives, Fair Value [Line Items] |  |
Notional amount | 1,800 | 2,075
Derivatives designated as hedges | Fair value hedging | Fixed-to-floating interest rate swaps | Other current assets |  |
Derivatives, Fair Value [Line Items] |  |
Derivative asset designated as hedging instrument | 22 | 2
Derivatives designated as hedges | Fair value hedging | Fixed-to-floating interest rate swaps | Other noncurrent assets |  |
Derivatives, Fair Value [Line Items] |  |
Derivative asset designated as hedging instrument | 29 | 100
Derivatives designated as hedges | Fair value hedging | Fixed-to-floating interest rate swaps | Other current liabilities |  |
Derivatives, Fair Value [Line Items] |  |
Derivative liability designated as hedging instrument | 0 | 0
Derivatives designated as hedges | Fair value hedging | Fixed-to-floating interest rate swaps | Other noncurrent liabilities |  |
Derivatives, Fair Value [Line Items] |  |
Derivative liability designated as hedging instrument | 0 | 0
Derivatives designated as hedges | Cash flow hedging | Floating-to-fixed interest rate swaps |  |
Derivatives, Fair Value [Line Items] |  |
Notional amount | 1,350 | 900
Derivatives designated as hedges | Cash flow hedging | Floating-to-fixed interest rate swaps | Other current assets |  |
Derivatives, Fair Value [Line Items] |  |
Derivative asset designated as hedging instrument | 0 | 0
Derivatives designated as hedges | Cash flow hedging | Floating-to-fixed interest rate swaps | Other noncurrent assets |  |
Derivatives, Fair Value [Line Items] |  |
Derivative asset designated as hedging instrument | 38 | 17
Derivatives designated as hedges | Cash flow hedging | Floating-to-fixed interest rate swaps | Other current liabilities |  |
Derivatives, Fair Value [Line Items] |  |
Derivative liability designated as hedging instrument | 0 | 0
Derivatives designated as hedges | Cash flow hedging | Floating-to-fixed interest rate swaps | Other noncurrent liabilities |  |
Derivatives, Fair Value [Line Items] |  |
Derivative liability designated as hedging instrument | 79 | 108
Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts |  |
Derivatives, Fair Value [Line Items] |  |
Notional amount | 1,212 | 946
Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts | Other current assets |  |
Derivatives, Fair Value [Line Items] |  |
Derivative asset designated as hedging instrument | 17 | 20
Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts | Other noncurrent assets |  |
Derivatives, Fair Value [Line Items] |  |
Derivative asset designated as hedging instrument | 2 | 6
Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts | Other current liabilities |  |
Derivatives, Fair Value [Line Items] |  |
Derivative liability designated as hedging instrument | 11 | 20
Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts | Other noncurrent liabilities |  |
Derivatives, Fair Value [Line Items] |  |
Derivative liability designated as hedging instrument | 3 | 1
Derivatives designated as hedges | Cash flow hedging | Commodity contracts |  |
Derivatives, Fair Value [Line Items] |  |
Notional amount | 50 | 24
Derivatives designated as hedges | Cash flow hedging | Commodity contracts | Other current assets |  |
Derivatives, Fair Value [Line Items] |  |
Derivative asset designated as hedging instrument | 2 | 4
Derivatives designated as hedges | Cash flow hedging | Commodity contracts | Other noncurrent assets |  |
Derivatives, Fair Value [Line Items] |  |
Derivative asset designated as hedging instrument | 0 | 0
Derivatives designated as hedges | Cash flow hedging | Commodity contracts | Other current liabilities |  |
Derivatives, Fair Value [Line Items] |  |
Derivative liability designated as hedging instrument | 1 | 0
Derivatives designated as hedges | Cash flow hedging | Commodity contracts | Other noncurrent liabilities |  |
Derivatives, Fair Value [Line Items] |  |
Derivative liability designated as hedging instrument | 0 | 0
Derivatives not designated as hedges | Currency exchange contracts |  |
Derivatives, Fair Value [Line Items] |  |
Notional amount | 5,285 | 5,227
Derivatives not designated as hedges | Currency exchange contracts | Other current assets |  |
Derivatives, Fair Value [Line Items] |  |
Derivative asset not designated as hedging instrument | 34 | 43
Derivatives not designated as hedges | Currency exchange contracts | Other current liabilities |  |
Derivatives, Fair Value [Line Items] |  |
Derivative liability not designated as hedging instrument | 9 | 34
Derivatives not designated as hedges | Commodity contracts |  |
Derivatives, Fair Value [Line Items] |  |
Notional amount | $ 62 | $ 18
Derivative, remaining maturity | 1 month | 1 month
Derivatives not designated as hedges | Commodity contracts | Other current assets |  |
Derivatives, Fair Value [Line Items] |  |
Derivative asset not designated as hedging instrument | $ 1 | $ 2
Derivatives not designated as hedges | Commodity contracts | Other current liabilities |  |
Derivatives, Fair Value [Line Items] |  |
Derivative liability not designated as hedging instrument | $ 1 | $ 0
Minimum | Derivatives designated as hedges | Fair value hedging | Fixed-to-floating interest rate swaps |  |
Derivatives, Fair Value [Line Items] |  |
Derivative, remaining maturity | 8 months | 6 months
Minimum | Derivatives designated as hedges | Cash flow hedging | Floating-to-fixed interest rate swaps |  |
Derivatives, Fair Value [Line Items] |  |
Derivative, remaining maturity | 11 years | 12 years
Minimum | Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts |  |
Derivatives, Fair Value [Line Items] |  |
Derivative, remaining maturity | 1 month | 1 month
Minimum | Derivatives designated as hedges | Cash flow hedging | Commodity contracts |  |
Derivatives, Fair Value [Line Items] |  |
Derivative, remaining maturity | 1 month | 1 month
Minimum | Derivatives not designated as hedges | Currency exchange contracts |  |
Derivatives, Fair Value [Line Items] |  |
Derivative, remaining maturity | 1 month | 1 month
Maximum | Derivatives designated as hedges | Fair value hedging | Fixed-to-floating interest rate swaps |  |
Derivatives, Fair Value [Line Items] |  |
Derivative, remaining maturity | 13 years | 14 years
Maximum | Derivatives designated as hedges | Cash flow hedging | Floating-to-fixed interest rate swaps |  |
Derivatives, Fair Value [Line Items] |  |
Derivative, remaining maturity | 31 years | 32 years
Maximum | Derivatives designated as hedges | Cash flow hedging | Currency exchange contracts |  |
Derivatives, Fair Value [Line Items] |  |
Derivative, remaining maturity | 36 months | 36 months
Maximum | Derivatives designated as hedges | Cash flow hedging | Commodity contracts |  |
Derivatives, Fair Value [Line Items] |  |
Derivative, remaining maturity | 12 months | 12 months
Maximum | Derivatives not designated as hedges | Currency exchange contracts |  |
Derivatives, Fair Value [Line Items] |  |
Derivative, remaining maturity | 12 months | 12 months

X
- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226000-175313 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeAsset
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226000-175313 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value as of the balance sheet date of derivative instrument not designated as hedging instrument and classified as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value as of the balance sheet date of derivative instrument not designated as hedging instrument and classified as a liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Nominal or face amount used to calculate payment on derivative. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
Name: | us-gaap_DerivativeNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Period remaining until the derivative contract matures, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DerivativeRemainingMaturity1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativesFairValueLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_OtherAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_OtherNoncurrentAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_OtherLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_OtherNoncurrentLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_FairValueHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=etn_ForwardStartingFloatingtoFixedInterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |