10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended June 30, 2014

Commission file number 000-54863

EATON CORPORATION plc

(Exact name of registrant as specified in its charter)

Ireland	98-1059235
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification Number)
Fitzwilliam Hall, Fitzwilliam Place, Dublin 2, Ireland	-
(Address of principal executive offices)	(Zip Code)

+1 (440) 523-5000

(Registrant's telephone number, including area code)

Not applicable

(Former name, former address and former fiscal year if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer þ	Accelerated filer o	Non-accelerated filer o	Smaller reporting company o
		(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No þ

There were 475.9 million Ordinary Shares outstanding as of June 30, 2014.

TABLE OF CONTENTS

EX-12

EX-31.1

EX-31.2

EX-32.1

EX-32.2

EX-101 INSTANCE DOCUMENT

EX-101 SCHEMA DOCUMENT

EX-101 CALCULATION LINKBASE DOCUMENT

EX-101 DEFINITION LINKBASE DOCUMENT

EX-101 LABELS LINKBASE DOCUMENT

EX-101 PRESENTATION LINKBASE DOCUMENT

PART I — FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

EATON CORPORATION plc

CONSOLIDATED STATEMENTS OF INCOME

	Three months ended June 30						Six months ended June 30
(In millions except for per share data)	2014			2013			2014			2013
Net sales	$	5,767		$	5,602		$	11,259		$	10,912
Cost of products sold	4,025			3,870			7,883			7,605
Selling and administrative expense	984			960			1,946			1,918
Litigation settlements	644			—			644			—
Research and development expense	168			161			330			313
Interest expense - net	55			71			117			146
Other (income) expense - net	(166		)	6			(171		)	(4		)
Income before income taxes	57			534			510			934
Income tax (benefit) expense	(115		)	37			(103		)	57
Net income	172			497			613			877
Less net income for noncontrolling interests	(1		)	(3		)	(3		)	(5		)
Net income attributable to Eaton ordinary shareholders	$	171		$	494		$	610		$	872
Net income per ordinary share
Diluted	$	0.36		$	1.04		$	1.27		$	1.83
Basic	0.36			1.04			1.28			1.84
Weighted-average number of ordinary shares outstanding
Diluted	478.5			476.3			478.7			475.7
Basic	475.9			473.4			475.9			472.6
Cash dividends declared per ordinary share	$	0.49		$	0.42		$	0.98		$	0.84

The accompanying notes are an integral part of these condensed consolidated financial statements.

2

EATON CORPORATION plc

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	Three months ended June 30						Six months ended June 30
(In millions)	2014			2013			2014			2013
Net income	$	172		$	497		$	613		$	877
Less net income for noncontrolling interests	(1		)	(3		)	(3		)	(5		)
Net income attributable to Eaton ordinary shareholders	171			494			610			872
Other comprehensive income (loss), net of tax
Currency translation and related hedging instruments	58			(109		)	11			(390		)
Pensions and other postretirement benefits	23			36			73			89
Cash flow hedges	2			1			2			(5		)
Other comprehensive income (loss) attributable to Eaton    ordinary shareholders	83			(72		)	86			(306		)
Total comprehensive income attributable to Eaton   ordinary shareholders	$	254		$	422		$	696		$	566

The accompanying notes are an integral part of these condensed consolidated financial statements.

3

EATON CORPORATION plc

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)	June 30, 2014		December 31, 2013
Assets
Current assets
Cash	$	631	$	915
Short-term investments	634		794
Accounts receivable - net	4,010		3,648
Inventory	2,534		2,382
Deferred income taxes	552		577
Prepaid expenses and other current assets	477		415
Total current assets	8,838		8,731
Property, plant and equipment - net	3,793		3,833
Other noncurrent assets
Goodwill	14,377		14,495
Other intangible assets	6,976		7,186
Deferred income taxes	242		240
Other assets	1,032		1,006
Total assets	$	35,258	$	35,491
Liabilities and shareholders’ equity
Current liabilities
Short-term debt	$	2	$	13
Current portion of long-term debt	416		567
Accounts payable	2,044		1,960
Accrued compensation	373		461
Other current liabilities	2,708		1,913
Total current liabilities	5,543		4,914
Noncurrent liabilities
Long-term debt	8,615		8,969
Pension liabilities	1,222		1,465
Other postretirement benefits liabilities	668		668
Deferred income taxes	1,047		1,313
Other noncurrent liabilities	1,121		1,299
Total noncurrent liabilities	12,673		13,714
Shareholders’ equity
Eaton shareholders’ equity	16,982		16,791
Noncontrolling interests	60		72
Total equity	17,042		16,863
Total liabilities and equity	$	35,258	$	35,491

The accompanying notes are an integral part of these condensed consolidated financial statements.

4

EATON CORPORATION plc

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Six months ended June 30
(In millions)	2014			2013
Operating activities
Net income	$	613		$	877
Adjustments to reconcile to net cash provided by operating activities
Depreciation and amortization	499			490
Deferred income taxes	(256		)	30
Pension and other postretirement benefits expense	180			179
Contributions to pension plans	(304		)	(244		)
Contributions to other postretirement benefits plans	(24		)	(29		)
Excess tax benefit from equity-based compensation	(20		)	(22		)
Gain on sale of businesses	(69		)	(2		)
Changes in working capital	116			(647		)
Other - net	(90		)	77
Net cash provided by operating activities	645			709
Investing activities
Capital expenditures for property, plant and equipment	(236		)	(251		)
Sales of short-term investments - net	162			148
Proceeds from sale of businesses	273			761
Other - net	(51		)	(52		)
Net cash provided by investing activities	148			606
Financing activities
Proceeds from borrowings	—			28
Payments on borrowings	(576		)	(977		)
Cash dividends paid	(467		)	(397		)
Exercise of employee stock options	44			78
Repurchase of shares	(99		)	—
Excess tax benefit from equity-based compensation	20			22
Other - net	—			(4		)
Net cash used in financing activities	(1,078		)	(1,250		)
Effect of currency on cash	1			(14		)
Total (decrease) increase in cash	(284		)	51
Cash at the beginning of the period	915			577
Cash at the end of the period	$	631		$	628

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

EATON CORPORATION plc

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Amounts are in millions unless indicated otherwise (per share data assume dilution).

Note 1. BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements of Eaton Corporation plc (Eaton or the Company) have been prepared in accordance with generally accepted accounting principles for interim financial information, the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles (US GAAP) for complete financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring accruals) have been made that are necessary for a fair presentation of the condensed consolidated financial statements for the interim periods.

This Form 10-Q should be read in conjunction with the consolidated financial statements and related notes included in Eaton’s 2013 Form 10-K. The interim period results are not necessarily indicative of the results to be expected for the full year. Management has evaluated subsequent events through the date this Form 10-Q was filed with the Securities Exchange Commission.

Certain prior year amounts have been reclassified to conform to the current year presentation.

Recently Issued Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). This accounting standard supersedes all existing US GAAP revenue recognition guidance. Under ASU 2014-09, a company will recognize revenue when it transfers the control of promised goods or services to customers in an amount that reflects the consideration which the company expects to collect in exchange for those goods or services. ASU 2014-09 will require additional disclosures in the notes to the consolidated financial statements and is effective for annual and interim reporting periods beginning after December 15, 2016. Eaton is evaluating the impact of ASU 2014-09 and an estimate of the impact to the consolidated financial statements cannot be made at this time.

Note 2. ACQUISITIONS AND SALE OF BUSINESSES

Eaton's most recently acquired businesses, and the related annual sales prior to acquisition, are summarized below:

Acquired businesses	Date of transaction	Business segment	Annual sales
Cooper Industries plc (Cooper)	November 30, 2012	Electrical Products; Electrical Systems and Services	$5,409 for 2011
A diversified global manufacturer of electrical products and systems, with brands including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products.
Rolec Comercial e Industrial S.A.	September 28, 2012	Electrical Systems and Services	$85 for the 12 months ended September 30, 2012
A Chilean manufacturer of integrated power assemblies and low- and medium-voltage switchgear, and a provider of engineering services serving mining and other heavy industrial applications in Chile and Peru.
Jeil Hydraulics Co., Ltd.	July 6, 2012	Hydraulics	$189 for 2011
A Korean manufacturer of track drive motors, swing drive motors, main control valves and remote control valves for the construction equipment market.
Polimer Kaucuk Sanayi ve Pazarlama A.S.	June 1, 2012	Hydraulics	$335 for 2011
A Turkish manufacturer of hydraulic and industrial hose for construction, mining, agriculture, oil and gas, manufacturing, food and beverage, and chemicals markets. This business sells its products under the SEL brand name.
Gycom Electrical Low-Voltage Power Distribution, Control and Automation	June 1, 2012	Electrical Systems and Services	$24 for 2011
A Swedish electrical low-voltage power distribution, control and automation components business.

See Note 3 for information about acquisition integration charges and transaction costs related to these acquisitions.

6

Sale of Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions

On January 20, 2014, Eaton announced it entered into an agreement to sell the Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses to Safran for $270. The sale closed on May 9, 2014 and resulted in a pre-tax gain of $156.

Note 3. ACQUISITION INTEGRATION AND RESTRUCTURING CHARGES

Eaton incurs integration charges and transaction costs related to acquired businesses. A summary of these charges follows:

	Three months ended June 30				Six months ended June 30
	2014		2013		2014		2013
Acquisition integration charges
Electrical Products	$	12	$	12	$	41	$	15
Electrical Systems and Services	13		11		39		16
Hydraulics	5		8		9		20
Total business segments	30		31		89		51
Corporate	7		6		14		12
Total acquisition integration charges	37		37		103		63
Transaction costs
Corporate	—		2		—		7
Total transaction costs	—		2		—		7
Total acquisition integration charges and transaction costs before income taxes	$	37	$	39	$	103	$	70
Total after income taxes	$	23	$	25	$	67	$	47
Per ordinary share - diluted	$	0.05	$	0.05	$	0.14	$	0.10

Business segment integration charges in 2014 were related primarily to the integration of Cooper. Business segment integration charges in 2013 were related primarily to the integrations of Cooper, Polimer Kaucuk Sanayi ve Pazarlama, Jeil Hydraulics and Rolec Comercial e Industrial. These charges were included in Cost of products sold or Selling and administrative expense, as appropriate. In Business Segment Information the charges reduced Operating profit of the related business segment.

Corporate integration charges in 2014 and 2013 were related to the acquisition of Cooper. These charges were included in Selling and administrative expense. In Business Segment Information the charges were included in Other corporate income (expense) - net.

Acquisition-related transaction costs, such as investment banking, legal, other professional fees, and costs associated with change in control agreements, are not included as a component of consideration transferred in an acquisition but are expensed as incurred. Acquisition-related transaction costs in 2013 were related to the acquisition of Cooper. These charges were included in Selling and administrative expense, Interest expense - net and Other (income) expense - net. In Business Segment Information the charges were included in Interest expense - net and Other corporate income (expense) - net.

See Note 2 for additional information about business acquisitions.

Restructuring Charges

During 2013, Eaton undertook restructuring activities related to the acquisition and integration of Cooper in an effort to gain efficiencies in selling, marketing, traditional back-office functions and manufacturing and distribution. These actions, comprised primarily of severance costs, resulted in charges totaling $55 and $17 during the first six months of 2014 and 2013, respectively. These restructuring initiatives are expected to continue through 2015.

During April 2014, Eaton undertook certain restructuring activities in an effort to gain efficiencies in the Vehicle, Hydraulics and Aerospace business segments. These actions, comprised primarily of severance costs, resulted in charges totaling $39 in the second quarter of 2014.

7

Restructuring charges were included in Cost of products sold or Selling and administrative expense, as appropriate. In Business Segment Information, the charges reduced Operating profit of the related business segment. See Note 12 for additional information about business segments. As of June 30, 2014 and December 31, 2013, liabilities related to restructuring actions totaled $99 and $32, respectively.

Note 4. GOODWILL

A summary of goodwill follows:

	June 30, 2014		December 31, 2013
Electrical Products	$	7,191	$	7,189
Electrical Systems and Services	4,467		4,517
Hydraulics	1,389		1,385
Aerospace	973		1,048
Vehicle	357		356
Total goodwill	$	14,377	$	14,495

The decrease in goodwill was primarily attributable to the sale of Eaton's Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses. For additional information on the sale of businesses, see Note 2.

Note 5. RETIREMENT BENEFITS PLANS

The components of retirement benefits expense follow:

	United States pension benefit expense						Non-United States pension benefit expense						Other postretirement benefits expense
	Three months ended June 30
	2014			2013			2014			2013			2014			2013
Service cost	$	29		$	32		$	17		$	15		$	5		$	5
Interest cost	41			37			22			19			10			8
Expected return on plan assets	(62		)	(56		)	(25		)	(21		)	(2		)	(1		)
Amortization	23			33			7			7			2			4
	31			46			21			20			15			16
Settlement loss	14			10			—			—			—			—
Total expense	$	45		$	56		$	21		$	20		$	15		$	16

	United States pension benefit expense						Non-United States pension benefit expense						Other postretirement benefits expense
	Six months ended June 30
	2014			2013			2014			2013			2014			2013
Service cost	$	58		$	64		$	33		$	30		$	9		$	10
Interest cost	81			74			44			39			19			17
Expected return on plan assets	(123		)	(113		)	(50		)	(42		)	(3		)	(3		)
Amortization	46			66			14			14			4			7
	62			91			41			41			29			31
Settlement loss	48			16			—			—			—			—
Total expense	$	110		$	107		$	41		$	41		$	29		$	31

8

Note 6. LEGAL CONTINGENCIES

Eaton is subject to a broad range of claims, administrative and legal proceedings such as lawsuits that relate to contractual allegations, tax audits, patent infringement, personal injuries, antitrust matters and employment-related matters. Eaton is also subject to asbestos claims from historic products which may have contained asbestos. Historically, significant insurance coverage has been available to cover costs associated with these claims. Although it is not possible to predict with certainty the outcome or cost of these matters, the Company believes they will not have a material adverse effect on the consolidated financial statements.

In December 2010, a Brazilian court held that a judgment obtained by a Brazilian company, Raysul, against another Brazilian company, Saturnia, which was sold by Eaton in 2006, could be enforced against Eaton Ltda. This judgment is based on an alleged violation of an agency agreement between Raysul and Saturnia. At June 30, 2014, the Company has a total accrual of 80 Brazilian Reais related to this matter ($36 based on current exchange rates), comprised of 60 Brazilian Reais recognized in the fourth quarter of 2010 ($27 based on current exchange rates) with an additional 20 Brazilian Reais recognized through June 30, 2014 ($9 based on current exchange rates). In 2010, Eaton filed motions for clarification with the Brazilian court of appeals which were denied on April 6, 2011. Eaton Holding and Eaton Ltda. filed appeals on various issues to the Superior Court of Justice in Brasilia. In April 2013, the Superior Court of Justice ruled in favor of Raysul. Additional motions for clarification have been filed with the Superior Court of Justice in Brasilia and an additional appeal is being considered. The Company expects that any sum it may be required to pay in connection with this matter will not exceed the amount of the recorded liability.

On October 5, 2006, ZF Meritor LLC and Meritor Transmission Corporation (collectively, Meritor) filed an action against Eaton in the United States District Court for Delaware. The action sought damages, which would be trebled under United States antitrust laws, as well as injunctive relief and costs. The suit alleged that Eaton engaged in anti-competitive conduct against Meritor in the sale of heavy-duty truck transmissions in North America. On June 23, 2014, Eaton announced it signed a settlement agreement with Meritor in the amount of $500 that resolved the lawsuit and removed the uncertainty of a trial and appeal process. On July 16, 2014, Eaton paid Meritor the $500.

Frisby Corporation, now known as Triumph Actuation Systems, LLC, and other claimants (collectively, Triumph) asserted claims alleging, among other things, unfair competition, defamation, malicious prosecution, deprivation of civil rights, and antitrust in the Hinds County Circuit Court of Mississippi in 2004 and in the Federal District Court of North Carolina in 2011. Eaton had asserted claims against Triumph regarding improper use of trade secrets and these claims were dismissed by the Hinds County Circuit Court. On June 18, 2014, Eaton announced it signed a settlement agreement with Triumph in the amount of $147.5 that resolved all claims and lawsuits and removed the uncertainty of a trial and appeal process. On July 8, 2014, Eaton paid Triumph the $147.5.

Note 7. INCOME TAXES

The effective income tax rate for the second quarter and first six months of 2014 was a benefit of 203% and 20%, respectively, compared to expense of 7% and 6% for the second quarter and first six months of 2013, respectively. Excluding the litigation settlements and related legal costs, as well as the gain on the sale of Eaton's Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses, which represents a total pre-tax expense of $494 and occurred in the second quarter of 2014, the effective income tax rate was expense of 8% for the second quarter of 2014 compared to 7% for the second quarter of 2013 and 6% for the first six months of 2014 and 2013. See Note 6 and Note 2 for additional information about legal contingencies and the sale of businesses, respectively.

During the next 12 months, the Company expects to reduce its uncertain tax position related to an international tax settlement by $43 as the result of negotiations with a government outside of Ireland and the United States. Resolution of this issue is not expected to have a material impact on the Company’s consolidated financial statements.

Note 8. EQUITY

Eaton has an ordinary share repurchase program (2013 Program) that authorizes the repurchase of 40 million ordinary shares. During the second quarter of 2014, 1.4 million ordinary shares were repurchased under the 2013 Program in the open market at a total cost of $99.

9

The changes in Shareholders’ equity follow:

	Eaton shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2013	$	16,791		$	72		$	16,863
Net income	610			3			613
Other comprehensive income	86			—			86
Cash dividends paid	(467		)	—			(467		)
Issuance of shares under equity-based compensation plans - net	78			—			78
Repurchase of shares	(99		)	—			(99		)
Change in capital	(17		)	(15		)	(32		)
Balance at June 30, 2014	$	16,982		$	60		$	17,042

The changes in Accumulated other comprehensive (loss) income follow:

	Currency translation and related hedging instruments			Pensions and other postretirement benefits			Cash flow hedges			Total
Balance at December 31, 2013	$	(395	)	$	(1,170	)	$	5		$	(1,560	)
Other comprehensive (loss) income     before reclassifications	11			3			4			18
Amounts reclassified from Accumulated other    comprehensive (loss) income	—			70			(2		)	68
Net current-period other comprehensive    (loss) income	11			73			2			86
Balance at June 30, 2014	$	(384	)	$	(1,097	)	$	7		$	(1,474	)

The reclassifications out of Accumulated other comprehensive loss follow:

	Six months ended June 30, 2014			Consolidated Statements of Income classification
Amortization of defined benefit pension items
Actuarial loss	$	(112	)	1
Tax benefit	42
Total, net of tax	(70		)
Gains (loss) on cash flow hedges
Floating-to-fixed interest rate swaps	(1		)	Interest expense - net
Currency exchange contracts	4			Cost of products sold
	3
Tax expense	(1		)
Total, net of tax	2
Total reclassifications for the period	$	(68	)

¹ These components of Accumulated other comprehensive loss are included in the computation of net periodic pension cost. See Note 5 for additional information about defined benefit pension items.

10

Net Income per Ordinary Share

A summary of the calculation of net income per ordinary share attributable to shareholders follows:

	Three months ended June 30				Six months ended June 30
(Shares in millions)	2014		2013		2014		2013
Net income attributable to Eaton ordinary shareholders	$	171	$	494	$	610	$	872
Weighted-average number of ordinary shares outstanding - diluted	478.5		476.3		478.7		475.7
Less dilutive effect of equity-based compensation	2.6		2.9		2.8		3.1
Weighted-average number of ordinary shares outstanding - basic	475.9		473.4		475.9		472.6
Net income per ordinary share
Diluted	$	0.36	$	1.04	$	1.27	$	1.83
Basic	0.36		1.04		1.28		1.84

For the second quarter and first six months of 2014, 0.5 million and 0.3 million stock options, respectively, were excluded from the calculation of diluted net income per ordinary share because the exercise price of the options exceeded the average market price of the ordinary shares during the period and their effect, accordingly, would have been antidilutive. For the second quarter and first six months 2013, 0.2 million and 0.1 million stock options, respectively, were excluded from the calculation of diluted net income per ordinary share because the exercise price of the options exceeded the average market price of the ordinary shares during the period and their effect, accordingly, would have been antidilutive.

Note 9. FAIR VALUE MEASUREMENTS

Fair value is measured based on an exit price, representing the amount that would be received to sell an asset or paid to satisfy a liability in an orderly transaction between market participants. Fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, a fair value hierarchy is established, which categorizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

A summary of financial instruments recognized at fair value, and the fair value measurements used, follows:

	Total			Quoted prices in active markets for identical assets (Level 1)		Other observable inputs (Level 2)			Unobservable inputs (Level 3)
June 30, 2014
Cash	$	631		$	631	$	—		$	—
Short-term investments	634			634		—			—
Net derivative contracts	43			—		43			—
Long-term debt converted to floating interest rates by    interest rate swaps - net	34			—		34			—
December 31, 2013
Cash	$	915		$	915	$	—		$	—
Short-term investments	794			794		—			—
Net derivative contracts	(35		)	—		(35		)	—
Long-term debt converted to floating interest rates by    interest rate swaps - net	(39		)	—		(39		)	—

11

Eaton values its financial instruments using an industry standard market approach, in which prices and other relevant information is generated by market transactions involving identical or comparable assets or liabilities. No financial instruments were recognized using unobservable inputs.

Other Fair Value Measurements

Long-term debt and the current portion of long-term debt had a carrying value of $9,031 and fair value of $9,444 at June 30, 2014 compared to $9,536 and $9,665, respectively, at December 31, 2013. The fair value of Eaton's debt instruments were estimated using prevailing market interest rates on debt with similar creditworthiness, terms and maturities and are considered a Level 2 fair value measurement.

Note 10. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES

In the normal course of business, Eaton is exposed to certain risks related to fluctuations in interest rates, currency exchange rates and commodity prices. The Company uses various derivative and non-derivative financial instruments, primarily interest rate swaps, currency forward exchange contracts, currency swaps and, to a lesser extent, commodity contracts, to manage risks from these market fluctuations. The instruments used by Eaton are straightforward, non-leveraged instruments. The counterparties to these instruments are financial institutions with strong credit ratings. Eaton maintains control over the size of positions entered into with any one counterparty and regularly monitors the credit rating of these institutions. Such instruments are not purchased and sold for trading purposes.

Derivative financial instruments are accounted for at fair value and recognized as assets or liabilities in the Condensed Consolidated Balance Sheets. Accounting for the gain or loss resulting from the change in the fair value of the derivative financial instrument depends on whether it has been designated, and is effective, as part of a hedging relationship and, if so, as to the nature of the hedging activity. Eaton formally documents all relationships between derivative financial instruments accounted for as designated hedges and the hedged item, as well as its risk-management objective and strategy for undertaking the hedge transaction. This process includes linking derivative financial instruments to a recognized asset or liability, specific firm commitment, forecasted transaction, or net investment in a foreign operation. These financial instruments can be designated as:

• Hedges of the change in the fair value of a recognized fixed-rate asset or liability, or the firm commitment to acquire such an asset or liability (a fair value hedge); for these hedges, the gain or loss from the derivative financial instrument, as well as the offsetting loss or gain on the hedged item attributable to the hedged risk, are recognized in income during the period of change in fair value.

• Hedges of the variable cash flows of a recognized variable-rate asset or liability, or the forecasted acquisition of such an asset or liability (a cash flow hedge); for these hedges, the effective portion of the gain or loss from the derivative financial instrument is recognized in Accumulated other comprehensive loss and reclassified to income in the same period when the gain or loss on the hedged item is included in income.

• Hedges of the currency exposure related to a net investment in a foreign operation (a net investment hedge); for these hedges, the effective portion of the gain or loss from the derivative financial instrument is recognized in Accumulated other comprehensive loss and reclassified to income in the same period when the gain or loss related to the net investment in the foreign operation is included in income.

The gain or loss from a derivative financial instrument designated as a hedge that is effective is classified in the same line of the Consolidated Statements of Income as the offsetting loss or gain on the hedged item. The change in fair value of a derivative financial instrument that is not effective as a hedge is immediately recognized in income.

For derivatives that are not designated as a hedge, any gain or loss is immediately recognized in income. The majority of derivatives used in this manner relate to risks resulting from assets or liabilities denominated in a foreign currency and certain commodity contracts that arise in the normal course of business. Gains and losses associated with commodity hedge contracts are classified in Cost of products sold.

Eaton uses certain of its debt denominated in foreign currency to hedge portions of its net investments in foreign operations against foreign currency exposure (net investment hedges). Foreign currency denominated debt designated on an after-tax basis as non-derivative net investment hedging instruments was $99 and $95 at June 30, 2014 and December 31, 2013, respectively.

12

Derivative Financial Statement Impacts

The fair value of derivative financial instruments recognized in the Condensed Consolidated Balance Sheets follows:

	Notional amount		Other  current assets		Other long-term assets		Other current liabilities		Other long-term liabilities		Type of hedge	Term
June 30, 2014
Derivatives designated as hedges
Fixed-to-floating interest rate swaps	$	3,440	$	—	$	60	$	—	$	26	Fair value	3 to 20 years
Currency exchange contracts	490		14		—		4		—		Cash flow	1 to 36 months
Commodity contracts	1		—		—		—		—		Cash flow	1 to 12 months
Total			$	14	$	60	$	4	$	26
Derivatives not designated as hedges
Currency exchange contracts	$	4,894	$	18			$	19				1 to 12 months
Commodity contracts	14		—				—					1 to 12 months
Total			$	18			$	19
December 31, 2013
Derivatives designated as hedges
Fixed-to-floating interest rate swaps	$	3,090	$	1	$	36	$	—	$	76	Fair value	3 months to 20 years
Floating-to-fixed interest rate swaps	300		—		—		1		—		Cash flow	6 months
Currency exchange contracts	393		12		—		3		—		Cash flow	12 to 36 months
Commodity contracts	1		—		—		—		—		Cash flow	1 to 12 months
Total			$	13	$	36	$	4	$	76
Derivatives not designated as hedges
Currency exchange contracts	$	4,277	$	22			$	26				1 to 12 months
Total			$	22			$	26

The currency exchange contracts shown in the table above as derivatives not designated as hedges are primarily contracts entered into to manage currency volatility or exposure on intercompany sales and loans. While Eaton does not elect hedge accounting treatment for these derivatives, Eaton targets managing 100% of the intercompany balance sheet exposure to minimize the effect of currency volatility related to the movement of goods and services in the normal course of its operations. This activity represents the great majority of these currency exchange contracts.

Amounts recognized in Accumulated other comprehensive income (loss) follow:

	Three months ended June 30
	2014					2013
	Gain (loss) recognized in Accumulated other comprehensive income (loss)		Gain (loss) reclassified from Accumulated other comprehensive income (loss)			Gain (loss) recognized in Accumulated other comprehensive income (loss)			Gain (loss) reclassified from Accumulated other comprehensive income (loss)
Derivatives designated as cash flow hedges
Floating-to-fixed interest rate swaps	$	—	$	(1	)	$	—		$	(1	)
Currency exchange contracts	3		2			1			—
Commodity contracts	—		—			(1		)	(1		)
Total	$	3	$	1		$	—		$	(2	)

13

	Six months ended June 30
	2014					2013
	Gain (loss) recognized in Accumulated other comprehensive income (loss)		Gain (loss) reclassified from Accumulated other comprehensive income (loss)			Gain (loss) recognized in Accumulated other comprehensive income (loss)			Gain (loss) reclassified from Accumulated other comprehensive income (loss)
Derivatives designated as cash flow hedges
Floating-to-fixed interest rate swaps	$	—	$	(1	)	$	—		$	(1	)
Currency exchange contracts	5		4			(8		)	1
Commodity contracts	—		—			(1		)	(1		)
Total	$	5	$	3		$	(9	)	$	(1	)

Gains and losses reclassified from Accumulated other comprehensive income (loss) to the Consolidated Statements of Income were recognized in Cost of products sold and Interest expense - net.

Amounts recognized in net income follow:

	Three months ended June 30						Six months ended June 30
	2014			2013			2014			2013
Derivatives designated as fair value hedges
Fixed-to-floating interest rate swaps	$	44		$	(80	)	$	73		$	(88	)
Related long-term debt converted to floating interest    rates by interest rate swaps	(44		)	80			(73		)	88
	$	—		$	—		$	—		$	—

Gains and losses described above were recognized in Interest expense - net.

Note 11. INVENTORY

The components of inventory follow:

	June 30, 2014			December 31, 2013
Raw materials	$	1,082		$	955
Work-in-process	343			428
Finished goods	1,229			1,115
Inventory at FIFO	2,654			2,498
Excess of FIFO over LIFO cost	(120		)	(116		)
Total inventory	$	2,534		$	2,382

Note 12. BUSINESS SEGMENT INFORMATION

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated on a regular basis by the chief operating decision maker, or decision making group, in deciding how to allocate resources to an individual segment and in assessing performance. Eaton’s operating segments are Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace and Vehicle. Operating profit includes the operating profit from intersegment sales. For additional information regarding Eaton’s business segments, see Note 14 to the Consolidated Financial Statements contained in the 2013 Form 10-K.

14

	Three months ended June 30						Six months ended June 30
	2014			2013			2014			2013
Net sales
Electrical Products	$	1,832		$	1,758		$	3,558		$	3,418
Electrical Systems and Services	1,628			1,624			3,152			3,145
Hydraulics	787			772			1,569			1,528
Aerospace	486			446			950			880
Vehicle	1,034			1,002			2,030			1,941
Total net sales	$	5,767		$	5,602		$	11,259		$	10,912
Segment operating profit
Electrical Products	$	300		$	272		$	550		$	513
Electrical Systems and Services	194			227			363			437
Hydraulics	94			104			202			182
Aerospace	69			67			131			129
Vehicle	155			172			306			304
Total segment operating profit	812			842			1,552			1,565
Corporate
Litigation settlements	(644		)	—			(644		)	—
Amortization of intangible assets	(109		)	(108		)	(219		)	(215		)
Interest expense - net	(55		)	(71		)	(117		)	(146		)
Pension and other postretirement benefits expense	(32		)	(43		)	(83		)	(81		)
Inventory step-up adjustment	—			(1		)	—			(34		)
Other corporate income (expense) - net	85			(85		)	21			(155		)
Income before income taxes	57			534			510			934
Income tax (benefit) expense	(115		)	37			(103		)	57
Net income	172			497			613			877
Less net income for noncontrolling interests	(1		)	(3		)	(3		)	(5		)
Net income attributable to Eaton ordinary shareholders	$	171		$	494		$	610		$	872

Note 13. CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

On November 20, 2012, Eaton Corporation issued senior notes (the Senior Notes) totaling $4,900 to finance part of the cash portion of the acquisition of Cooper. Eaton and certain other of Eaton's principal 100% owned subsidiaries (the Guarantors) fully and unconditionally guaranteed (subject, in the case of the Guarantors, other than Eaton, to customary release provisions as described below), on a joint and several basis, the Senior Notes. The following condensed consolidating financial statements are included so that separate financial statements of Eaton, Eaton Corporation and each of the Guarantors are not required to be filed with the Securities and Exchange Commission. The consolidating adjustments primarily relate to eliminations of investments in subsidiaries and intercompany balances and transactions. The condensed consolidating financial statements present investments in subsidiaries using the equity method of accounting.

The guarantee of a Guarantor that is not a parent of the issuer will be automatically and unconditionally released and discharged in the event of any sale of the Guarantor or of all or substantially all of its assets, or in connection with the release or termination of the Guarantor as a guarantor under all other U.S. debt securities or U.S. syndicated credit facilities, subject to limitations set forth in the indenture. The guarantee of a Guarantor that is a direct or indirect parent of the issuer will only be automatically and unconditionally released and discharged in connection with the release or termination of such Guarantor as a guarantor under all other debt securities or syndicated credit facilities (in both cases, U.S. or otherwise), subject to limitations set forth in the indenture.

15

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2014
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net sales	$	—		$	1,750		$	1,779		$	3,354		$	(1,116	)	$	5,767
Cost of products sold	—			1,378			1,288			2,473			(1,114		)	4,025
Selling and administrative expense	(2		)	370			193			423			—			984
Litigation settlements	—			644			—			—			—			644
Research and development expense	—			62			52			54			—			168
Interest expense (income) - net	—			55			6			(8		)	2			55
Other income - net	—			(50		)	(95		)	(21		)	—			(166		)
Equity in (earnings) loss of    subsidiaries, net of tax	(231		)	(258		)	(269		)	167			591			—
Intercompany expense (income) - net	62			(46		)	147			(163		)	—			—
Income (loss) before income taxes	171			(405		)	457			429			(595		)	57
Income tax (benefit) expense	—			(229		)	78			37			(1		)	(115		)
Net income (loss)	171			(176		)	379			392			(594		)	172
Less net income for    noncontrolling interests	—			—			—			(1		)	—			(1		)
Net income (loss) attributable to    Eaton ordinary shareholders	$	171		$	(176	)	$	379		$	391		$	(594	)	$	171
Other comprehensive income	$	83		$	36		$	88		$	126		$	(250	)	$	83
Total comprehensive income    (loss) attributable to    Eaton ordinary shareholders	$	254		$	(140	)	$	467		$	517		$	(844	)	$	254

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2013
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net sales	$	—		$	1,743		$	1,626		$	3,420		$	(1,187	)	$	5,602
Cost of products sold	—			1,353			1,179			2,525			(1,187		)	3,870
Selling and administrative expense	2			360			183			415			—			960
Research and development expense	—			64			51			46			—			161
Interest expense (income) - net	—			69			7			(5		)	—			71
Other expense (income) - net	—			19			14			(27		)	—			6
Equity in (earnings) loss of    subsidiaries, net of tax	(569		)	(299		)	395			(239		)	712			—
Intercompany expense (income) - net	61			(112		)	(860		)	911			—			—
Income (loss) before income taxes	506			289			657			(206		)	(712		)	534
Income tax expense (benefit)	12			(43		)	20			48			—			37
Net income (loss)	494			332			637			(254		)	(712		)	497
Less net income for    noncontrolling interests	—			—			—			(3		)	—			(3		)
Net income (loss) attributable to    Eaton ordinary shareholders	$	494		$	332		$	637		$	(257	)	$	(712	)	$	494
Other comprehensive loss	$	(72	)	$	(42	)	$	(70	)	$	(180	)	$	292		$	(72	)
Total comprehensive income    (loss) attributable to    Eaton ordinary shareholders	$	422		$	290		$	567		$	(437	)	$	(420	)	$	422

16

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2014
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net sales	$	—		$	3,417		$	3,420		$	6,645		$	(2,223	)	$	11,259
Cost of products sold	—			2,720			2,506			4,865			(2,208		)	7,883
Selling and administrative expense	—			731			393			822			—			1,946
Litigation settlements	—			644			—			—			—			644
Research and development expense	—			122			102			106			—			330
Interest expense (income) - net	—			114			13			(14		)	4			117
Other income - net	—			(45		)	(92		)	(34		)	—			(171		)
Equity in (earnings) loss of    subsidiaries, net of tax	(700		)	(465		)	(754		)	(34		)	1,953			—
Intercompany expense (income) - net	90			(117		)	267			(240		)	—			—
Income (loss) before income taxes	610			(287		)	985			1,174			(1,972		)	510
Income tax (benefit) expense	—			(254		)	71			86			(6		)	(103		)
Net income (loss)	610			(33		)	914			1,088			(1,966		)	613
Less net income for    noncontrolling interests	—			—			—			(3		)	—			(3		)
Net income (loss) attributable to    Eaton ordinary shareholders	$	610		$	(33	)	$	914		$	1,085		$	(1,966	)	$	610
Other comprehensive income	$	86		$	64		$	111		$	111		$	(286	)	$	86
Total comprehensive income   attributable to Eaton   ordinary shareholders	$	696		$	31		$	1,025		$	1,196		$	(2,252	)	$	696

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2013
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net sales	$	—		$	3,331		$	3,199		$	6,693		$	(2,311	)	$	10,912
Cost of products sold	—			2,592			2,374			4,950			(2,311		)	7,605
Selling and administrative expense	4			701			381			832			—			1,918
Research and development expense	—			122			98			93			—			313
Interest expense (income) - net	—			143			14			(11		)	—			146
Other expense (income) - net	—			14			22			(40		)	—			(4		)
Equity in (earnings) loss of    subsidiaries, net of tax	(1,013		)	(608		)	(172		)	(405		)	2,198			—
Intercompany expense (income) - net	125			(214		)	(684		)	773			—			—
Income before income taxes	884			581			1,166			501			(2,198		)	934
Income tax expense (benefit)	12			(45		)	(17		)	107			—			57
Net income	872			626			1,183			394			(2,198		)	877
Less net income for    noncontrolling interests	—			—			—			(5		)	—			(5		)
Net income attributable to    Eaton ordinary shareholders	$	872		$	626		$	1,183		$	389		$	(2,198	)	$	872
Other comprehensive loss	$	(306	)	$	(64	)	$	(303	)	$	(571	)	$	938		$	(306	)
Total comprehensive income    (loss) attributable to    Eaton ordinary shareholders	$	566		$	562		$	880		$	(182	)	$	(1,260	)	$	566

17

CONDENSED CONSOLIDATING BALANCE SHEETS JUNE 30, 2014
	Eaton Corporation plc		Eaton Corporation		Guarantors		Other subsidiaries		Consolidating adjustments			Total
Assets
Current assets
Cash	$	20	$	45	$	20	$	546	$	—		$	631
Short-term investments	—		—		289		345		—			634
Accounts receivable - net	—		530		1,026		2,454		—			4,010
Intercompany accounts    receivable	12		708		3,557		6,027		(10,304		)	—
Inventory	—		384		651		1,550		(51		)	2,534
Prepaid expenses and    other current assets	—		480		135		398		16			1,029
Total current assets	32		2,147		5,678		11,320		(10,339		)	8,838
Property, plant and    equipment - net	—		960		754		2,079		—			3,793
Other noncurrent assets
Goodwill	—		1,355		6,243		6,779		—			14,377
Other intangible assets	—		203		3,902		2,871		—			6,976
Deferred income taxes	—		1,024		7		149		(938		)	242
Investment in subsidiaries	25,743		9,333		41,553		9,000		(85,629		)	—
Intercompany loans receivable	—		8,037		2,399		20,279		(30,715		)	—
Other assets	—		449		141		442		—			1,032
Total assets	$	25,775	$	23,508	$	60,677	$	52,919	$	(127,621	)	$	35,258
Liabilities and    shareholders’ equity
Current liabilities
Short-term debt	$	—	$	—	$	—	$	2	$	—		$	2
Current portion of    long-term debt	—		103		310		3		—			416
Accounts payable	—		491		406		1,147		—			2,044
Intercompany accounts payable	35		3,861		3,155		3,253		(10,304		)	—
Accrued compensation	—		62		50		261		—			373
Other current liabilities	1		1,313		326		1,070		(2		)	2,708
Total current liabilities	36		5,830		4,247		5,736		(10,306		)	5,543
Noncurrent liabilities
Long-term debt	—		7,659		942		16		(2		)	8,615
Pension liabilities	—		382		82		758		—			1,222
Other postretirement    benefits liabilities	—		402		171		95		—			668
Deferred income taxes	—		—		1,265		720		(938		)	1,047
Intercompany loans payable	8,757		2,869		18,228		861		(30,715		)	—
Other noncurrent liabilities	—		500		158		463		—			1,121
Total noncurrent liabilities	8,757		11,812		20,846		2,913		(31,655		)	12,673
Shareholders’ equity
Eaton shareholders' equity	16,982		5,866		35,584		44,216		(85,666		)	16,982
Noncontrolling interests	—		—		—		54		6			60
Total equity	16,982		5,866		35,584		44,270		(85,660		)	17,042
Total liabilities and equity	$	25,775	$	23,508	$	60,677	$	52,919	$	(127,621	)	$	35,258

18

CONDENSED CONSOLIDATING BALANCE SHEETS DECEMBER 31, 2013
	Eaton Corporation plc		Eaton Corporation		Guarantors		Other subsidiaries		Consolidating adjustments			Total
Assets
Current assets
Cash	$	3	$	51	$	10	$	851	$	—		$	915
Short-term investments	—		—		134		660		—			794
Accounts receivable - net	—		473		922		2,253		—			3,648
Intercompany accounts    receivable	5		471		3,368		4,470		(8,314		)	—
Inventory	—		344		609		1,466		(37		)	2,382
Prepaid expenses and    other current assets	—		458		175		350		9			992
Total current assets	8		1,797		5,218		10,050		(8,342		)	8,731
Property, plant and    equipment - net	—		982		761		2,090		—			3,833
Other noncurrent assets
Goodwill	—		1,382		6,350		6,763		—			14,495
Other intangible assets	—		211		3,996		2,979		—			7,186
Deferred income taxes	—		839		3		145		(747		)	240
Investment in subsidiaries	24,940		8,853		40,776		8,473		(83,042		)	—
Intercompany loans receivable	—		8,019		2,518		18,776		(29,313		)	—
Other assets	—		450		186		370		—			1,006
Total assets	$	24,948	$	22,533	$	59,808	$	49,646	$	(121,444	)	$	35,491
Liabilities and    shareholders’ equity
Current liabilities
Short-term debt	$	—	$	—	$	—	$	13	$	—		$	13
Current portion of    long-term debt	—		552		—		15		—			567
Accounts payable	—		440		380		1,140		—			1,960
Intercompany accounts payable	4		3,751		3,288		1,271		(8,314		)	—
Accrued compensation	—		140		37		284		—			461
Other current liabilities	5		547		400		965		(4		)	1,913
Total current liabilities	9		5,430		4,105		3,688		(8,318		)	4,914
Noncurrent liabilities
Long-term debt	—		7,693		1,266		16		(6		)	8,969
Pension liabilities	—		546		131		788		—			1,465
Other postretirement    benefits liabilities	—		402		171		95		—			668
Deferred income taxes	—		—		1,303		757		(747		)	1,313
Intercompany loans payable	8,148		2,113		18,207		845		(29,313		)	—
Other noncurrent liabilities	—		652		162		485		—			1,299
Total noncurrent liabilities	8,148		11,406		21,240		2,986		(30,066		)	13,714
Shareholders’ equity
Eaton shareholders' equity	16,791		5,697		34,463		42,906		(83,066		)	16,791
Noncontrolling interests	—		—		—		66		6			72
Total equity	16,791		5,697		34,463		42,972		(83,060		)	16,863
Total liabilities and equity	$	24,948	$	22,533	$	59,808	$	49,646	$	(121,444	)	$	35,491

19

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2014
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net cash provided by (used in)    operating activities	$	52		$	(273	)	$	7		$	859		$	—		$	645
Investing activities
Capital expenditures for property,    plant and equipment	—			(51		)	(61		)	(124		)	—			(236		)
(Purchases) sales of short-term    investments - net	—			—			(155		)	317			—			162
Loans to affiliates	—			(151		)	—			(3,191		)	3,342			—
Repayments of loans from affiliates	—			176			187			2,454			(2,817		)	—
Proceeds from sale of business	—			93			175			5			—			273
Other - net	—			(26		)	5			(30		)	—			(51		)
Net cash provided by (used in)    investing activities	—			41			151			(569		)	525			148
Financing activities
Payments on borrowings	—			(551		)	(1		)	(24		)	—			(576		)
Proceeds from borrowings from    affiliates	327			2,754			254			7			(3,342		)	—
Payments on borrowings from    affiliates	(15		)	(2,125		)	(320		)	(357		)	2,817			—
Other intercompany    financing activities	219			84			(81		)	(222		)	—			—
Cash dividends paid	(467		)	—			—			—			—			(467		)
Exercise of employee stock options	—			44			—			—			—			44
Repurchase of shares	(99		)	—			—			—			—			(99		)
Excess tax benefit from    equity-based compensation	—			20			—			—			—			20
Net cash (used in) provided by    financing activities	(35		)	226			(148		)	(596		)	(525		)	(1,078		)
Effect of currency on cash	—			—			—			1			—			1
Total increase (decrease) in cash	17			(6		)	10			(305		)	—			(284		)
Cash at the beginning of the period	3			51			10			851			—			915
Cash at the end of the period	$	20		$	45		$	20		$	546		$	—		$	631

20

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2013
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net cash provided by (used in)    operating activities	$	71		$	234		$	557		$	(151	)	$	(2	)	$	709
Investing activities
Capital expenditures for property,    plant and equipment	—			(86		)	(34		)	(131		)	—			(251		)
Sales of short-term investments - net	—			25			21			102			—			148
Loans to affiliates	—			(50		)	—			(1,912		)	1,962			—
Repayments of loans from affiliates	—			28			88			1,876			(1,992		)	—
Proceeds from sale of business	—			—			—			761			—			761
Other - net	—			(18		)	(13		)	(21		)	—			(52		)
Net cash (used in) provided by    investing activities	—			(101		)	62			675			(30		)	606
Financing activities
Proceeds from borrowings	—			17			—			11			—			28
Payments on borrowings	—			(972		)	(1		)	(4		)	—			(977		)
Proceeds from borrowings from    affiliates	—			1,560			352			50			(1,962		)	—
Payments on borrowings from    affiliates	—			(1,688		)	(188		)	(116		)	1,992			—
Other intercompany    financing activities	323			840			(789		)	(374		)	—			—
Cash dividends paid	(397		)	—			—			—			—			(397		)
Cash dividends paid to affiliates	—			—			—			(2		)	2			—
Exercise of employee stock options	—			78			—			—			—			78
Excess tax benefit from    equity-based compensation	—			22			—			—			—			22
Other - net	—			—			—			(4		)	—			(4		)
Net cash used in financing activities	(74		)	(143		)	(626		)	(439		)	32			(1,250		)
Effect of currency on cash	—			—			—			(14		)	—			(14		)
Total (decrease) increase in cash	(3		)	(10		)	(7		)	71			—			51
Cash at the beginning of the period	7			54			14			502			—			577
Cash at the end of the period	$	4		$	44		$	7		$	573		$	—		$	628

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Amounts are in millions of dollars or shares unless indicated otherwise (per share data assume dilution).

COMPANY OVERVIEW

Eaton Corporation plc (Eaton or the Company) is a power management company providing energy-efficient solutions that help its customers effectively manage electrical, hydraulic and mechanical power. With 2013 net sales of $22.0 billion, the Company is a global technology leader in electrical products, systems and services for power quality, distribution and control, power transmission, lighting and wiring products; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 103,000 employees in over 60 countries and sells products to customers in more than 175 countries.

Summary of Results of Operations

During the second quarter of 2014, the Company's results of operations were impacted by the litigation settlements, partially offset by the gain on the divestiture of Eaton's Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses. Additional information on the litigation settlements and sale of businesses is presented in Note 6 and Note 2, respectively, to the Condensed Consolidated Financial Statements.

A summary of Eaton’s Net sales, Net income attributable to Eaton ordinary shareholders, and Net income per ordinary share-diluted follows:

	Three months ended June 30				Six months ended June 30
	2014		2013		2014		2013
Net sales	$	5,767	$	5,602	$	11,259	$	10,912
Net income attributable to Eaton ordinary shareholders	171		494		610		872
Net income per ordinary share - diluted	$	0.36	$	1.04	$	1.27	$	1.83

RESULTS OF OPERATIONS

The following discussion of Consolidated Financial Results and Business Segment Results of Operations includes certain non-GAAP financial measures. These financial measures include operating earnings, operating earnings per ordinary share, and operating profit before acquisition integration charges for each business segment, as well as corporate expense, each of which excludes amounts that differ from the most directly comparable measure calculated in accordance with generally accepted accounting principles (GAAP). A reconciliation of each of these financial measures to the most directly comparable GAAP measure is included in the table below and in the discussion of the operating results of each business segment. Management believes that these financial measures are useful to investors because they exclude transactions of an unusual nature, allowing investors to more easily compare Eaton’s financial performance period to period. Management uses this information in monitoring and evaluating the on-going performance of Eaton and each business segment. For additional information on acquisition integration charges, see Note 3 to the Condensed Consolidated Financial Statements.

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Consolidated Financial Results

	Three months ended June 30						Increase (decrease)		Six months ended June 30						Increase (decrease)
	2014			2013					2014			2013
Net sales	$	5,767		$	5,602		3	%	$	11,259		$	10,912		3	%
Gross profit	1,742			1,732			1	%	3,376			3,307			2	%
Percent of net sales	30.2		%	30.9		%			30.0		%	30.3		%
Income before income taxes	57			534			(89	)%	510			934			(45	)%
Net income	$	172		$	497		(65	)%	$	613		$	877		(30	)%
Less net income for noncontrolling interests	(1		)	(3		)			(3		)	(5		)
Net income attributable to Eaton    ordinary shareholders	171			494			(65	)%	610			872			(30	)%
Excluding acquisition integration charges    and transaction costs (after-tax)	23			25					67			47
Operating earnings	$	194		$	519		(63	)%	$	677		$	919		(26	)%
Net income per ordinary share - diluted	$	0.36		$	1.04		(65	)%	$	1.27		$	1.83		(31	)%
Excluding per share impact of acquisition    integration charges and transaction       costs (after-tax)	0.05			0.05					0.14			0.10
Operating earnings per ordinary share	$	0.41		$	1.09		(62	)%	$	1.41		$	1.93		(27	)%

Net Sales

Net sales in the second quarter and first six months of 2014 increased 3% compared to the second quarter and first six months of 2013 due to an increase in core sales. The increase in core sales is primarily due to modest growth in the Company's end markets. Eaton continues to anticipate its end markets will grow 3% for all of 2014.

Gross Profit

The gross profit margin decreased slightly for the second quarter and the first six months of 2014 from the second quarter and first six months of 2013, respectively. The decrease in gross profit margin was primarily due to certain restructuring activities Eaton undertook in April 2014 in an effort to gain efficiencies in the Vehicle, Hydraulics and Aerospace business segments. For additional information related to restructuring activities, see Note 3 to the Condensed Consolidated Financial Statements.

Income Taxes

The effective income tax rate for the second quarter and first six months of 2014 was a benefit of 203% and 20%, respectively, compared to expense of 7% and 6% for the second quarter and first six months of 2013, respectively. Excluding the litigation settlements and related legal costs, as well as the gain on the sale of Eaton's Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses, which represents a total pre-tax expense of $494 and occurred in the second quarter of 2014, the effective income tax rate was expense of 8% for the second quarter of 2014 compared to 7% for the second quarter of 2013 and 6% for the first six months of 2014 and 2013. See Note 6 and Note 2 for additional information about legal contingencies and the sale of businesses, respectively.

Net Income

Net income attributable to Eaton ordinary shareholders of $171 in the second quarter of 2014 decreased 65% compared to Net income attributable to Eaton ordinary shareholders of $494 in the second quarter of 2013. Net income per ordinary share of $0.36 in the second quarter of 2014 decreased 65% compared to Net income per ordinary share of $1.04 in the second quarter of 2013. Net income attributable to Eaton ordinary shareholders of $610 in the first six months of 2014 decreased 30% compared to Net income of $872 in the first six months of 2013. Net income per ordinary share of $1.27 in the first six months of 2014 decreased 31% from Net income per ordinary share of $1.83 in the first six months of 2013. The decrease in Net income attributable to Eaton ordinary shareholders and Net income per ordinary share in the second quarter and the first six months of 2014 was primarily due to the litigation settlements, partially offset by the sale of Eaton's Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses, as noted above.

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Business Segment Results of Operations

The following is a discussion of Net sales, operating profit and operating margin by business segment, which includes a discussion of operating profit and operating profit margin before acquisition integration charges. For additional information related to acquisition integration charges, see Note 3 to the Condensed Consolidated Financial Statements.

Electrical Products

	Three months ended June 30						Increase		Six months ended June 30						Increase
	2014			2013					2014			2013
Net sales	$	1,832		$	1,758		4	%	$	3,558		$	3,418		4	%
Operating profit	300			272			10	%	550			513			7	%
Operating margin	16.4		%	15.5		%			15.5		%	15.0		%
Acquisition integration charges	$	12		$	12				$	41		$	15
Before acquisition integration charges
Operating profit	$	312		$	284		10	%	$	591		$	528		12	%
Operating margin	17.0		%	16.2		%			16.6		%	15.4		%

Net sales increased 4% in the second quarter and the first six months of 2014 compared to the second quarter and the first six months of 2013 due to an increase in core sales. Core sales growth in the second quarter and the first six months of 2014 was due to strength in North American markets. Eaton continues to anticipate its Electrical Products markets will grow 3% for all of 2014.

Operating margin before acquisition integration charges increased from 16.2% in the second quarter of 2013 to 17.0% in the second quarter of 2014. Operating margin before acquisition integration charges increased from 15.4% in the first six months of 2013 to 16.6% in the first six months of 2014. The increase in operating margin in both the second quarter and first six months of 2014 was due to higher sales volumes, as noted above, and incremental synergies related to the acquisition of Cooper Industries plc.

Electrical Systems and Services

	Three months ended June 30						Increase (decrease)		Six months ended June 30						Increase (decrease)
	2014			2013					2014			2013
Net sales	$	1,628		$	1,624		—	%	$	3,152		$	3,145		—	%
Operating profit	194			227			(15	)%	363			437			(17	)%
Operating margin	11.9		%	14.0		%			11.5		%	13.9		%
Acquisition integration charges	$	13		$	11				$	39		$	16
Before acquisition integration charges
Operating profit	$	207		$	238		(13	)%	$	402		$	453		(11	)%
Operating margin	12.7		%	14.7		%			12.8		%	14.4		%

Net sales increased slightly in the second quarter and first six months of 2014 from the second quarter and first six months of 2013, respectively, due to an increase in core sales of 1%, offset by a decrease of 1% from the impact of currency translation. Core sales growth in the second quarter and first six months of 2014 was primarily due to growth in North America and Europe. Eaton continues to anticipate its Electrical Systems and Services markets will grow 3% for all of 2014.

Operating margin before acquisition integration charges decreased from 14.7% in the second quarter of 2013 to 12.7% in the second quarter of 2014. Operating margin before acquisition integration charges decreased from 14.4% in the first six months of 2013 to 12.8% in the first six months of 2014. The decrease in operating margin in the second quarter and first six months of 2014 was primarily due to higher logistics costs, unfavorable mix, and pricing pressures.

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Hydraulics

	Three months ended June 30						Increase (decrease)		Six months ended June 30						Increase (decrease)
	2014			2013					2014			2013
Net sales	$	787		$	772		2	%	$	1,569		$	1,528		3	%
Operating profit	94			104			(10	)%	202			182			11	%
Operating margin	11.9		%	13.5		%			12.9		%	11.9		%
Acquisition integration charges	$	5		$	8				$	9		$	20
Before acquisition integration charges
Operating profit	$	99		$	112		(12	)%	$	211		$	202		4	%
Operating margin	12.6		%	14.5		%			13.4		%	13.2		%

Net sales increased 2% in the second quarter of 2014 compared to the second quarter of 2013 due to an increase in core sales. Net sales increased 3% in the first six months of 2014 compared to the first six months of 2013 due to an increase in core sales of 4%, partially offset by a decrease of 1% from the impact of currency translation. The increase in core sales in the second quarter and first six months of 2014 was primarily due to strength in industrial applications, partially offset by weakness in the global agricultural equipment market and the China construction equipment market. Eaton now anticipates its Hydraulics markets will grow 1% for all of 2014.

Operating margin before acquisition integration charges decreased from 14.5% in the second quarter of 2013 to 12.6% in the second quarter of 2014. Operating margin before acquisition integration charges increased from 13.2% in the first six months of 2013 to 13.4% in the first six months of 2014. The decrease in operating margin in the second quarter of 2014 was primarily due to certain restructuring activities Eaton undertook in April 2014 in an effort to gain efficiencies in the segment. The increase in operating margin in the first six months of 2014 was primarily due to higher sales volumes, as noted above, partially offset by the restructuring charges described above.

Aerospace

	Three months ended June 30						Increase		Six months ended June 30						Increase
	2014			2013					2014			2013
Net sales	$	486		$	446		9	%	$	950		$	880		8	%
Operating profit	69			67			3	%	131			129			2	%
Operating margin	14.2		%	15.0		%			13.8		%	14.7		%

Net sales increased 9% in the second quarter of 2014 compared to the second quarter of 2013 due to an increase in core sales of 10% and an increase of 2% from the impact of currency translation, partially offset by a decrease of 3% from the divestiture of Eaton's Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses. Net sales increased 8% in the first six months of 2014 compared to the first six months of 2013 due to an increase in core sales of 8% and an increase of 2% from the impact of currency translation, partially offset by a decrease of 2% from the divestiture of Eaton's Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses. The increase in core sales in the second quarter and first six months of 2014 was primarily due to continued strength in commercial OEM markets as well as growth in the commercial aftermarket. Eaton continues to anticipate its Aerospace markets will grow 3% for all of 2014.

Operating margin decreased from 15.0% in the second quarter of 2013 to 14.2% in the second quarter of 2014. Operating margin decreased from 14.7% in the first six months of 2013 to 13.8% in the first six months of 2014. The decrease in operating margin in the second quarter and first six months of 2014 was primarily due to certain restructuring activities Eaton undertook in April 2014 in an effort to gain efficiencies in the segment.

25

Vehicle

	Three months ended June 30						Increase (decrease)		Six months ended June 30						Increase (decrease)
	2014			2013					2014			2013
Net sales	$	1,034		$	1,002		3	%	$	2,030		$	1,941		5	%
Operating profit	155			172			(10	)%	306			304			1	%
Operating margin	15.0		%	17.2		%			15.1		%	15.7		%

Net sales increased 3% in the second quarter of 2014 compared to the second quarter of 2013 due to an increase in core sales. Net sales increased 5% in the first six months of 2014 compared to the first six months of 2013 due to an increase in core sales of 6%, partially offset by a decrease of 1% from the impact of currency translation. The increase in core sales in the second quarter and first six months of 2014 was primarily due to improved global demand, particularly in North American markets, partially offset by weakness in South American markets. Eaton continues to anticipate its Vehicle markets will grow 5% for all of 2014.

Operating margin decreased from 17.2% in the second quarter of 2013 to 15.0% in the second quarter of 2014. Operating margin decreased from 15.7% in the first six months of 2013 to 15.1% in the first six months of 2014. The decrease in operating margin in the second quarter and first six months of 2014 was primarily due to certain restructuring activities Eaton undertook in April 2014 in an effort to gain efficiencies in the segment.

Corporate Expense

	Three months ended June 30					Increase (decrease)		Six months ended June 30					Increase (decrease)
	2014			2013				2014			2013
Litigation settlements	$	644		$	—	NM		$	644		$	—	NM
Amortization of intangible assets	109			108		1	%	219			215		2	%
Interest expense - net	55			71		(23	)%	117			146		(20	)%
Pension and other postretirement    benefits expense	32			43		(26	)%	83			81		2	%
Inventory step-up adjustment	—			1		NM		—			34		NM
Other corporate (income) expense - net	(85		)	85		(200	)%	(21		)	155		(114	)%
Total corporate expense	$	755		$	308	145	%	$	1,042		$	631	65	%

Total Corporate expense increased 145% from $308 in the second quarter of 2013 to $755 in the second quarter of 2014 and 65% from $631 in the first six months of 2013 to $1,042 in the first six months of 2014 primarily due to litigation settlements totaling $644, partially offset by a decrease in Other corporate (income) expense - net due to the divestiture of Eaton's Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses.

For additional information on the litigation settlements and sale of businesses see Note 6 and Note 2, respectively, to the Condensed Consolidated Financial Statements.

LIQUIDITY, CAPITAL RESOURCES AND CHANGES IN FINANCIAL CONDITION

Financial Condition and Liquidity

Eaton’s objective is to finance its business through operating cash flow and an appropriate mix of equity and long-term and short-term debt. By diversifying its debt maturity structure, Eaton reduces liquidity risk. The Company maintains access to the commercial paper markets through a commercial paper program, which is supported by credit facilities in the aggregate principal amount of $2,000. There were no borrowings outstanding under these revolving credit facilities at June 30, 2014. Over the course of a year, cash, short-term investments and short-term debt may fluctuate in order to manage global liquidity. Eaton believes it has the operating flexibility, cash flow, cash and short-term investment balances, and access to capital markets in excess of the liquidity necessary to meet future operating needs of the business as well as scheduled payments of long-term debt.

Eaton was in compliance with each of its debt covenants for all periods presented.

26

Sources and Uses of Cash Flow

Operating Cash Flow

Net cash provided by operating activities was $645 in the first six months of 2014, a decrease of $64 compared to $709 in the first six months of 2013. Lower operating cash flow in the first six months of 2014 compared to the first six months of 2013 was primarily due to higher contributions to defined benefits plans.

Investing Cash Flow

Net cash provided by investing activities was $148 in the first six months of 2014, a decrease of $458 compared to $606 in the first six months of 2013. Investing cash flows in 2014 were primarily impacted by the absence of proceeds totaling $761 from the sale of Apex Tool Group, LLC in the first six months of 2013, partially offset by proceeds totaling $273 in the first six months in 2014, related to the sale of Eaton's Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses in the second quarter of 2014. For additional information on the sale of businesses, see Note 2 to the Condensed Consolidated Financial Statements.

Financing Cash Flow

Net cash used in financing activities was $1,078 in the first six months of 2014, a decrease of $172 compared to $1,250 in the first six months of 2013. The lower use of cash was primarily due to a decrease in payments on debt borrowings from $977 in the first six months of 2013 to $576 in the first six months of 2014, related to financing the acquisition of Cooper Industries plc, partially offset by share repurchases totaling $99 during the first six months of 2014 and higher cash dividends. For additional information on business acquisitions and share repurchases, see Note 2 and Note 8, respectively, to the Condensed Consolidated Financial Statements.

FORWARD-LOOKING STATEMENTS

This Form 10-Q Report contains forward-looking statements. These statements may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or state other information relating to Eaton, based on current beliefs of management as well as assumptions made by, and information currently available to, management. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “may,” “possible,” “potential,” “predict,” “project” or other similar words, phrases or expressions. These statements should be used with caution and are subject to various risks and uncertainties, many of which are outside Eaton’s control. The following factors could cause actual results to differ materially from those in the forward-looking statements: unanticipated changes in the markets for the Company’s business segments; unanticipated downturns in business relationships with customers or their purchases from us; the availability of credit to customers and suppliers; competitive pressures on sales and pricing; increases in the cost of material and other production costs, or unexpected costs that cannot be recouped in product pricing; the introduction of competing technologies; unexpected technical or marketing difficulties; unexpected claims, charges, litigation or dispute resolutions; strikes or other labor unrest; the impact of acquisitions and divestitures; unanticipated difficulties integrating acquisitions; new laws and governmental regulations; interest rate changes; tax rate changes or exposure to additional income tax liability; stock market and currency fluctuations; and unanticipated deterioration of economic and financial conditions in the United States and around the world. Eaton does not assume any obligation to update these forward-looking statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

There have been no material changes in exposures to market risk since December 31, 2013.

ITEM 4. CONTROLS AND PROCEDURES.

      Pursuant to Rule 13a-15 under the Securities Exchange Act of 1934 (the Exchange Act), an evaluation was performed, under the supervision and with the participation of Eaton’s management, including Alexander M. Cutler, Principal Executive Officer, and Richard H. Fearon, Principal Financial Officer, of the effectiveness of the design and operation of Eaton’s disclosure controls and procedures. Based on that evaluation, management concluded that Eaton’s disclosure controls and procedures were effective as of June 30, 2014.

27

Disclosure controls and procedures are designed to ensure that information required to be disclosed in Eaton’s reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in Eaton’s reports filed under the Exchange Act is accumulated and communicated to management, including Eaton’s Principal Executive Officer and Principal Financial Officer, to allow timely decisions regarding required disclosure.

There were no changes in Eaton’s internal control over financial reporting that materially affected, or is reasonably likely to materially affect, Eaton’s internal control over financial reporting.

PART II — OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

Information regarding the Company's current legal proceedings is presented in Note 6 of the Notes to the Condensed Consolidated Financial Statements.

ITEM 1A. RISK FACTORS.

“Item 1A. Risk Factors” in Eaton's 2013 Form 10-K includes a discussion of the Company's risk factors. There have been no material changes from the risk factors described in the 2013 Form 10-K.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

(c) Issuer's Purchases of Equity Securities

During the second quarter of 2014, 1.4 million ordinary shares were repurchased in the open market at a total cost of $99 million. These shares were repurchased under the program announced on April 24, 2013 and approved by Eaton's Board of Directors on October 22, 2013. A summary of the shares repurchased in the second quarter of 2014 follows:

Month	Total number of shares purchased	Average price paid per share		Total number of shares purchased as part of publicly announced plans or programs	Maximum number of shares that may yet be purchased under the plans or programs
April	701,480	$	72.24	701,480	39,298,520
May	667,460	72.90		667,460	38,631,060
June	—	—		—	38,631,060
Total	1,368,940	$	72.57	1,368,940

ITEM 6. EXHIBITS.

Exhibits — See Exhibit Index attached.

28

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			EATON CORPORATION plc
			Registrant
Date:	July 31, 2014	By:	/s/ Richard H. Fearon
			Richard H. Fearon
			Principal Financial Officer
			(On behalf of the registrant and as Principal Financial Officer)

29

Eaton Corporation plc

Second Quarter 2014 Report on Form 10-Q

Exhibit Index

3 (i)	Certificate of Incorporation - Incorporated by reference to the Form S-8 filed November 30, 2012
3 (ii)	Amended and restated Memorandum and Articles of Incorporation - Incorporated by reference to the Form 10-Q Report for the three months ended September 30, 2012
4 (a)	Pursuant to Regulation S-K Item 601(b)(4), Eaton agrees to furnish to the SEC, upon request, a copy of the instruments defining the rights of holders of its other long-term debt
12	Ratio of Earnings to Fixed Charges — Filed in conjunction with this Form 10-Q Report *
31.1	Certification of Principal Executive Officer (Pursuant to Rule 13a-14(a)) — Filed in conjunction with this Form 10-Q Report *
31.2	Certification of Principal Financial Officer (Pursuant to Rule 13a-14(a)) — Filed in conjunction with this Form 10-Q Report *
32.1	Certification of Principal Executive Officer (Pursuant to Rule 13a-14(b) as adopted pursuant to Section 906 of the Sarbanes-Oxley Act) — Filed in conjunction with this Form 10-Q Report *
32.2	Certification of Principal Financial Officer (Pursuant to Rule 13a-14(b) as adopted pursuant to Section 906 of the Sarbanes-Oxley Act) — Filed in conjunction with this Form 10-Q Report *
101.INS	XBRL Instance Document *
101.SCH	XBRL Taxonomy Extension Schema Document *
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document *
101.DEF	XBRL Taxonomy Extension Label Definition Document *
101.LAB	XBRL Taxonomy Extension Label Linkbase Document *
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document *

_______________________________

* Submitted electronically herewith.

Attached as Exhibit 101 to this report are the following formatted in XBRL (Extensible Business Reporting Language): (i) Consolidated Statements of Income for the three months ended June 30, 2014 and 2013, (ii) Consolidated Statements of Income for the six months ended June 30, 2014 and 2013, (iii) Consolidated Statements of Comprehensive Income for the three months ended June 30, 2014 and 2013, (iv) Consolidated Statements of Comprehensive Income for the six months ended June 30, 2014 and 2013, (v) Condensed Consolidated Balance Sheets at June 30, 2014 and December 31, 2013, (vi) Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2014 and 2013 and (vii) Notes to Condensed Consolidated Financial Statements for the six months ended June 30, 2014.

In accordance with Rule 406T of Regulation S-T, the XBRL related information in Exhibit 101 to this Quarterly Report on Form 10-Q shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, and shall not be part of any registration statement or other document filed under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

30

EX-12

Eaton Corporation plc

Second Quarter 2014 Report on Form 10-Q

Item 6

Exhibit 12

Ratio of Earnings to Fixed Charges

	Six months ended June 30			Year ended December 31
(Millions of dollars)	2014			2013		2012			2011			2010			2009
Income from continuing operations before income taxes    and noncontrolling interests in consolidated subsidiaries	$	510		$	1,884	$	1,251		$	1,553		$	1,036		$	303
Adjustments
(Income) losses of equity investees	(2		)	2		(2		)	(2		)	(14		)	(6		)
Distributed income of equity investees	3			77		19			3			15			9
Interest expensed	129			290		165			154			162			170
Amortization of premiums, discounts and capitalized    expenses related to indebtedness	5			10		74			4			4			5
Estimated portion of rent expense representing interest	41			80		66			65			57			59
Amortization of capitalized interest	7			13		12			10			10			13
Adjusted income from continuing operations before    income taxes	$	693		$	2,356	$	1,585		$	1,787		$	1,270		$	553
Fixed charges
Interest expensed	$	129		$	290	$	165		$	154		$	162		$	170
Interest capitalized	6			11		23			18			8			7
Amortization of premiums, discounts and capitalized    expenses related to indebtedness	5			10		74			4			4			5
Estimated portion of rent expense representing interest	41			80		66			65			57			59
Total fixed charges	$	181		$	391	$	328		$	241		$	231		$	241
Ratio of earnings to fixed charges	3.83			6.03		4.83			7.41			5.50			2.29

EX-31.1

Eaton Corporation plc

Second Quarter 2014 Report on Form 10-Q

Item 6

Exhibit 31.1

Certification

I, Alexander M. Cutler, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Eaton Corporation plc;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	July 31, 2014	/s/ Alexander M. Cutler
		Alexander M. Cutler
		Principal Executive Officer

EX-31.2

Eaton Corporation plc

Second Quarter 2014 Report on Form 10-Q

Item 6

Exhibit 31.2

Certification

I, Richard H. Fearon, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Eaton Corporation plc;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	July 31, 2014	/s/ Richard H. Fearon
		Richard H. Fearon
		Principal Financial Officer

EX-32.1

Eaton Corporation plc

Second Quarter 2014 Report on Form 10-Q

Item 6

Exhibit 32.1

Certification

This written statement is submitted in accordance with Section 1350 of Chapter 63 of Title 18 of the United States Code adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. It accompanies Eaton Corporation plc’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2014 (“10-Q Report”).

I hereby certify that, based on my knowledge, the 10-Q Report fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 (15 U.S.C 78m), and information contained in the 10-Q Report fairly presents, in all material respects, the financial condition and results of operations of Eaton Corporation plc and its consolidated subsidiaries.

Date:	July 31, 2014	/s/ Alexander M. Cutler
		Alexander M. Cutler
		Principal Executive Officer

EX-32.2

Eaton Corporation plc

Second Quarter 2014 Report on Form 10-Q

Item 6

Exhibit 32.2

Certification

This written statement is submitted in accordance with Section 1350 of Chapter 63 of Title 18 of the United States Code adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. It accompanies Eaton Corporation plc’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2014 (“10-Q Report”).

I hereby certify that, based on my knowledge, the 10-Q Report fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 (15 U.S.C 78m), and information contained in the 10-Q Report fairly presents, in all material respects, the financial condition and results of operations of Eaton Corporation plc and its consolidated subsidiaries.

Date:	July 31, 2014	/s/ Richard H. Fearon
		Richard H. Fearon
		Principal Financial Officer

XML

Changes in Accumulated Other Comprehensive (Loss) Income (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Other comprehensive income (loss)	$ 83	$ (72)	$ 86	$ (306)
Currency translation and related hedging instruments [Member]
Balance at December 31, 2013			(395)
Other comprehensive (loss) income before reclassifications			11
Amounts reclassified from Accumulated other comprehensive (loss) income			0
Other comprehensive income (loss)			11
Balance at June 30, 2014	(384)		(384)
Pensions and other postretirement benefits [Member]
Balance at December 31, 2013			(1,170)
Other comprehensive (loss) income before reclassifications			3
Amounts reclassified from Accumulated other comprehensive (loss) income			70
Other comprehensive income (loss)			73
Balance at June 30, 2014	(1,097)		(1,097)
Cash flow hedges [Member]
Balance at December 31, 2013			5
Other comprehensive (loss) income before reclassifications			4
Amounts reclassified from Accumulated other comprehensive (loss) income			(2)
Other comprehensive income (loss)			2
Balance at June 30, 2014	7		7
Accumulated Other Comprehensive (Loss) Income [Member]
Balance at December 31, 2013			(1,560)
Other comprehensive (loss) income before reclassifications			18
Amounts reclassified from Accumulated other comprehensive (loss) income			68
Other comprehensive income (loss)			86
Balance at June 30, 2014	$ (1,474)		$ (1,474)

XML

Business Segment Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Business Segment Information
Net sales	$ 5,767	$ 5,602	$ 11,259	$ 10,912
Litigation settlements	644	0	644	0
Interest expense - net	55	71	117	146
Pension and other postretirement benefits expense			(180)	(179)
Other corporate income (expense) - net	(166)	6	(171)	(4)
Income before income taxes	57	534	510	934
Income tax (benefit) expense	(115)	37	(103)	57
Net income	172	497	613	877
Less net income for noncontrolling interests	(1)	(3)	(3)	(5)
Net income attributable to Eaton ordinary shareholders	171	494	610	872
Electrical Products [Member]
Business Segment Information
Net sales	1,832	1,758	3,558	3,418
Segment operating profit	300	272	550	513
Electrical Systems and Services [Member]
Business Segment Information
Net sales	1,628	1,624	3,152	3,145
Segment operating profit	194	227	363	437
Hydraulics [Member]
Business Segment Information
Net sales	787	772	1,569	1,528
Segment operating profit	94	104	202	182
Aerospace [Member]
Business Segment Information
Net sales	486	446	950	880
Segment operating profit	69	67	131	129
Vehicle [Member]
Business Segment Information
Net sales	1,034	1,002	2,030	1,941
Segment operating profit	155	172	306	304
Corporate
Business Segment Information
Litigation settlements	(644)	0	(644)	0
Amortization of intangible assets	(109)	(108)	(219)	(215)
Interest expense - net	(55)	(71)	(117)	(146)
Pension and other postretirement benefits expense	(32)	(43)	(83)	(81)
Inventory step-up adjustment	0	(1)	0	(34)
Other corporate income (expense) - net	85	(85)	21	(155)
Total business segments
Business Segment Information
Segment operating profit	$ 812	$ 842	$ 1,552	$ 1,565

XML

Derivative Financial Instruments and Hedging Activities Amounts Recognized in Net Income (Details) (Interest expense - net [Member], Fair Value Hedging [Member], USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in net income	$ 0	$ 0	$ 0	$ 0
Fixed-to-floating interest rate swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in net income	44	(80)	73	(88)
Related Long Term Debt Converted To Floating Interest Rates By Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in net income	$ (44)	$ 80	$ (73)	$ 88

XML

Acquisition Integration and Restructuring Charges Restructuring Charges (Details) (USD $) In Millions, unless otherwise specified			6 Months Ended		3 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014 Restructuring activities related to the acquisition and integration of Cooper Industries plc [Member]	Jun. 30, 2013 Restructuring activities related to the acquisition and integration of Cooper Industries plc [Member]	Jun. 30, 2014 Restructuring activities related to gaining efficiencies in the Vehicle, Hydraulics and Aerospace business segments [Member]
Restructuring Charges and Reserve
Restructuring charges			$ 55	$ 17	$ 39
Restructuring reserve, current	$ 99	$ 32

XML

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Summary of financial instruments recognized at fair value and fair value measurement used

A summary of financial instruments recognized at fair value, and the fair value measurements used, follows:

	Total			Quoted prices in active markets for identical assets (Level 1)		Other observable inputs (Level 2)			Unobservable inputs (Level 3)
June 30, 2014
Cash	$	631		$	631	$	—		$	—
Short-term investments	634			634		—			—
Net derivative contracts	43			—		43			—
Long-term debt converted to floating interest rates by    interest rate swaps - net	34			—		34			—
December 31, 2013
Cash	$	915		$	915	$	—		$	—
Short-term investments	794			794		—			—
Net derivative contracts	(35		)	—		(35		)	—
Long-term debt converted to floating interest rates by    interest rate swaps - net	(39		)	—		(39		)	—

XML

Condensed Consolidating Financial Information Consolidating Statements of Comprehensive Income (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Consolidating Statements of Comprehensive Income, Captions [Line Items]
Net sales	$ 5,767	$ 5,602	$ 11,259	$ 10,912
Cost of products sold	4,025	3,870	7,883	7,605
Selling and administrative expense	984	960	1,946	1,918
Litigation settlements	644	0	644	0
Research and development expense	168	161	330	313
Interest expense (income) - net	55	71	117	146
Other expense (income) - net	(166)	6	(171)	(4)
Equity in (earnings) loss of subsidiaries, net of tax	0	0	0	0
Intercompany expense (income) - net	0	0	0	0
Income (loss) before income taxes	57	534	510	934
Income tax (benefit) expense	(115)	37	(103)	57
Net income (loss)	172	497	613	877
Less net income for noncontrolling interests	(1)	(3)	(3)	(5)
Net income (loss) attributable to Eaton ordinary shareholders	171	494	610	872
Other comprehensive income (loss)	83	(72)	86	(306)
Total comprehensive income (loss) attributable to Eaton ordinary shareholders	254	422	696	566
Eaton Corporation plc [Member]
Consolidating Statements of Comprehensive Income, Captions [Line Items]
Net sales	0	0	0	0
Cost of products sold	0	0	0	0
Selling and administrative expense	(2)	2	0	4
Litigation settlements	0		0
Research and development expense	0	0	0	0
Interest expense (income) - net	0	0	0	0
Other expense (income) - net	0	0	0	0
Equity in (earnings) loss of subsidiaries, net of tax	(231)	(569)	(700)	(1,013)
Intercompany expense (income) - net	62	61	90	125
Income (loss) before income taxes	171	506	610	884
Income tax (benefit) expense	0	12	0	12
Net income (loss)	171	494	610	872
Less net income for noncontrolling interests	0	0	0	0
Net income (loss) attributable to Eaton ordinary shareholders	171	494	610	872
Other comprehensive income (loss)	83	(72)	86	(306)
Total comprehensive income (loss) attributable to Eaton ordinary shareholders	254	422	696	566
Eaton Corporation [Member]
Consolidating Statements of Comprehensive Income, Captions [Line Items]
Net sales	1,750	1,743	3,417	3,331
Cost of products sold	1,378	1,353	2,720	2,592
Selling and administrative expense	370	360	731	701
Litigation settlements	644		644
Research and development expense	62	64	122	122
Interest expense (income) - net	55	69	114	143
Other expense (income) - net	(50)	19	(45)	14
Equity in (earnings) loss of subsidiaries, net of tax	(258)	(299)	(465)	(608)
Intercompany expense (income) - net	(46)	(112)	(117)	(214)
Income (loss) before income taxes	(405)	289	(287)	581
Income tax (benefit) expense	(229)	(43)	(254)	(45)
Net income (loss)	(176)	332	(33)	626
Less net income for noncontrolling interests	0	0	0	0
Net income (loss) attributable to Eaton ordinary shareholders	(176)	332	(33)	626
Other comprehensive income (loss)	36	(42)	64	(64)
Total comprehensive income (loss) attributable to Eaton ordinary shareholders	(140)	290	31	562
Guarantors [Member]
Consolidating Statements of Comprehensive Income, Captions [Line Items]
Net sales	1,779	1,626	3,420	3,199
Cost of products sold	1,288	1,179	2,506	2,374
Selling and administrative expense	193	183	393	381
Litigation settlements	0		0
Research and development expense	52	51	102	98
Interest expense (income) - net	6	7	13	14
Other expense (income) - net	(95)	14	(92)	22
Equity in (earnings) loss of subsidiaries, net of tax	(269)	395	(754)	(172)
Intercompany expense (income) - net	147	(860)	267	(684)
Income (loss) before income taxes	457	657	985	1,166
Income tax (benefit) expense	78	20	71	(17)
Net income (loss)	379	637	914	1,183
Less net income for noncontrolling interests	0	0	0	0
Net income (loss) attributable to Eaton ordinary shareholders	379	637	914	1,183
Other comprehensive income (loss)	88	(70)	111	(303)
Total comprehensive income (loss) attributable to Eaton ordinary shareholders	467	567	1,025	880
Other subsidiaries [Member]
Consolidating Statements of Comprehensive Income, Captions [Line Items]
Net sales	3,354	3,420	6,645	6,693
Cost of products sold	2,473	2,525	4,865	4,950
Selling and administrative expense	423	415	822	832
Litigation settlements	0		0
Research and development expense	54	46	106	93
Interest expense (income) - net	(8)	(5)	(14)	(11)
Other expense (income) - net	(21)	(27)	(34)	(40)
Equity in (earnings) loss of subsidiaries, net of tax	167	(239)	(34)	(405)
Intercompany expense (income) - net	(163)	911	(240)	773
Income (loss) before income taxes	429	(206)	1,174	501
Income tax (benefit) expense	37	48	86	107
Net income (loss)	392	(254)	1,088	394
Less net income for noncontrolling interests	(1)	(3)	(3)	(5)
Net income (loss) attributable to Eaton ordinary shareholders	391	(257)	1,085	389
Other comprehensive income (loss)	126	(180)	111	(571)
Total comprehensive income (loss) attributable to Eaton ordinary shareholders	517	(437)	1,196	(182)
Consolidating adjustments [Member]
Consolidating Statements of Comprehensive Income, Captions [Line Items]
Net sales	(1,116)	(1,187)	(2,223)	(2,311)
Cost of products sold	(1,114)	(1,187)	(2,208)	(2,311)
Selling and administrative expense	0	0	0	0
Litigation settlements	0		0
Research and development expense	0	0	0	0
Interest expense (income) - net	2	0	4	0
Other expense (income) - net	0	0	0	0
Equity in (earnings) loss of subsidiaries, net of tax	591	712	1,953	2,198
Intercompany expense (income) - net	0	0	0	0
Income (loss) before income taxes	(595)	(712)	(1,972)	(2,198)
Income tax (benefit) expense	(1)	0	(6)	0
Net income (loss)	(594)	(712)	(1,966)	(2,198)
Less net income for noncontrolling interests	0	0	0	0
Net income (loss) attributable to Eaton ordinary shareholders	(594)	(712)	(1,966)	(2,198)
Other comprehensive income (loss)	(250)	292	(286)	938
Total comprehensive income (loss) attributable to Eaton ordinary shareholders	$ (844)	$ (420)	$ (2,252)	$ (1,260)

XML

Fair Value Measurements (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Cash	$ 631	$ 915	$ 628	$ 577
Short-term investments	634	794
Net derivative contracts	43	(35)
Long-term debt converted to floating interest rates by interest rate swaps - net	34	(39)
Quoted prices in active markets for identical assets (Level 1) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Cash	631	915
Short-term investments	634	794
Net derivative contracts	0	0
Long-term debt converted to floating interest rates by interest rate swaps - net	0	0
Other observable inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Cash	0	0
Short-term investments	0	0
Net derivative contracts	43	(35)
Long-term debt converted to floating interest rates by interest rate swaps - net	34	(39)
Unobservable inputs (Level 3) [Member]
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Cash	0	0
Short-term investments	0	0
Net derivative contracts	0	0
Long-term debt converted to floating interest rates by interest rate swaps - net	$ 0	$ 0

XML

Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Tax Disclosure [Abstract]
Effective tax rate	(203.00%)	7.00%	(20.00%)	6.00%
Total pretax special items impacting adjusted effective tax rate			$ 494
Adjusted effective tax rate	8.00%		6.00%
Expected reduction, over next 12 months, in uncertain tax position related to an international tax settlement	$ 43		$ 43

XML

Condensed Consolidating Financial Information Condensed Consolidating Statements of Cash Flows (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Condensed Consolidating Statements of Cash Flows, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 645	$ 709
Capital expenditures for property, plant and equipment	(236)	(251)
(Purchases) sales of short-term investments - net	162	148
Loans to affiliates	0	0
Repayments of loans from affiliates	0	0
Proceeds from sale of businesses	273	761
Other - net	(51)	(52)
Net cash provided by (used in) investing activities	148	606
Proceeds from borrowings	0	28
Payments on borrowings	(576)	(977)
Proceeds from borrowings from affiliates	0	0
Payments on borrowings from affiliates	0	0
Other intercompany financing activities	0	0
Cash dividends paid	(467)	(397)
Cash dividends paid to affiliates		0
Exercise of employee stock options	44	78
Repurchase of shares	(99)	0
Excess tax benefit from equity-based compensation	20	22
Other - net	0	(4)
Net cash (used in) provided by financing activities	(1,078)	(1,250)
Effect of currency on cash	1	(14)
Total increase (decrease) in cash	(284)	51
Cash at the beginning of the period	915	577
Cash at the end of the period	631	628
Eaton Corporation plc [Member]
Condensed Consolidating Statements of Cash Flows, Captions [Line Items]
Net cash provided by (used in) operating activities	52	71
Capital expenditures for property, plant and equipment	0	0
(Purchases) sales of short-term investments - net	0	0
Loans to affiliates	0	0
Repayments of loans from affiliates	0	0
Proceeds from sale of businesses	0	0
Other - net	0	0
Net cash provided by (used in) investing activities	0	0
Proceeds from borrowings		0
Payments on borrowings	0	0
Proceeds from borrowings from affiliates	327	0
Payments on borrowings from affiliates	(15)	0
Other intercompany financing activities	219	323
Cash dividends paid	(467)	(397)
Cash dividends paid to affiliates		0
Exercise of employee stock options	0	0
Repurchase of shares	(99)
Excess tax benefit from equity-based compensation	0	0
Other - net		0
Net cash (used in) provided by financing activities	(35)	(74)
Effect of currency on cash	0	0
Total increase (decrease) in cash	17	(3)
Cash at the beginning of the period	3	7
Cash at the end of the period	20	4
Eaton Corporation [Member]
Condensed Consolidating Statements of Cash Flows, Captions [Line Items]
Net cash provided by (used in) operating activities	(273)	234
Capital expenditures for property, plant and equipment	(51)	(86)
(Purchases) sales of short-term investments - net	0	25
Loans to affiliates	(151)	(50)
Repayments of loans from affiliates	176	28
Proceeds from sale of businesses	93	0
Other - net	(26)	(18)
Net cash provided by (used in) investing activities	41	(101)
Proceeds from borrowings		17
Payments on borrowings	(551)	(972)
Proceeds from borrowings from affiliates	2,754	1,560
Payments on borrowings from affiliates	(2,125)	(1,688)
Other intercompany financing activities	84	840
Cash dividends paid	0	0
Cash dividends paid to affiliates		0
Exercise of employee stock options	44	78
Repurchase of shares	0
Excess tax benefit from equity-based compensation	20	22
Other - net		0
Net cash (used in) provided by financing activities	226	(143)
Effect of currency on cash	0	0
Total increase (decrease) in cash	(6)	(10)
Cash at the beginning of the period	51	54
Cash at the end of the period	45	44
Guarantors [Member]
Condensed Consolidating Statements of Cash Flows, Captions [Line Items]
Net cash provided by (used in) operating activities	7	557
Capital expenditures for property, plant and equipment	(61)	(34)
(Purchases) sales of short-term investments - net	(155)	21
Loans to affiliates	0	0
Repayments of loans from affiliates	187	88
Proceeds from sale of businesses	175	0
Other - net	5	(13)
Net cash provided by (used in) investing activities	151	62
Proceeds from borrowings		0
Payments on borrowings	(1)	(1)
Proceeds from borrowings from affiliates	254	352
Payments on borrowings from affiliates	(320)	(188)
Other intercompany financing activities	(81)	(789)
Cash dividends paid	0	0
Cash dividends paid to affiliates		0
Exercise of employee stock options	0	0
Repurchase of shares	0
Excess tax benefit from equity-based compensation	0	0
Other - net		0
Net cash (used in) provided by financing activities	(148)	(626)
Effect of currency on cash	0	0
Total increase (decrease) in cash	10	(7)
Cash at the beginning of the period	10	14
Cash at the end of the period	20	7
Other subsidiaries [Member]
Condensed Consolidating Statements of Cash Flows, Captions [Line Items]
Net cash provided by (used in) operating activities	859	(151)
Capital expenditures for property, plant and equipment	(124)	(131)
(Purchases) sales of short-term investments - net	317	102
Loans to affiliates	(3,191)	(1,912)
Repayments of loans from affiliates	2,454	1,876
Proceeds from sale of businesses	5	761
Other - net	(30)	(21)
Net cash provided by (used in) investing activities	(569)	675
Proceeds from borrowings		11
Payments on borrowings	(24)	(4)
Proceeds from borrowings from affiliates	7	50
Payments on borrowings from affiliates	(357)	(116)
Other intercompany financing activities	(222)	(374)
Cash dividends paid	0	0
Cash dividends paid to affiliates		(2)
Exercise of employee stock options	0	0
Repurchase of shares	0
Excess tax benefit from equity-based compensation	0	0
Other - net		(4)
Net cash (used in) provided by financing activities	(596)	(439)
Effect of currency on cash	1	(14)
Total increase (decrease) in cash	(305)	71
Cash at the beginning of the period	851	502
Cash at the end of the period	546	573
Consolidating adjustments [Member]
Condensed Consolidating Statements of Cash Flows, Captions [Line Items]
Net cash provided by (used in) operating activities	0	(2)
Capital expenditures for property, plant and equipment	0	0
(Purchases) sales of short-term investments - net	0	0
Loans to affiliates	3,342	1,962
Repayments of loans from affiliates	(2,817)	(1,992)
Proceeds from sale of businesses	0	0
Other - net	0	0
Net cash provided by (used in) investing activities	525	(30)
Proceeds from borrowings		0
Payments on borrowings	0	0
Proceeds from borrowings from affiliates	(3,342)	(1,962)
Payments on borrowings from affiliates	2,817	1,992
Other intercompany financing activities	0	0
Cash dividends paid	0	0
Cash dividends paid to affiliates		2
Exercise of employee stock options	0	0
Repurchase of shares	0
Excess tax benefit from equity-based compensation	0	0
Other - net		0
Net cash (used in) provided by financing activities	(525)	32
Effect of currency on cash	0	0
Total increase (decrease) in cash	0	0
Cash at the beginning of the period	0	0
Cash at the end of the period	$ 0	$ 0

XML

Inventory (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]
Raw materials	$ 1,082	$ 955
Work-in-process	343	428
Finished goods	1,229	1,115
Inventory at FIFO	2,654	2,498
Excess of FIFO over LIFO cost	(120)	(116)
Total inventory	$ 2,534	$ 2,382

XML

Goodwill

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

GOODWILL

A summary of goodwill follows:

	June 30, 2014		December 31, 2013
Electrical Products	$	7,191	$	7,189
Electrical Systems and Services	4,467		4,517
Hydraulics	1,389		1,385
Aerospace	973		1,048
Vehicle	357		356
Total goodwill	$	14,377	$	14,495

The decrease in goodwill was primarily attributable to the sale of Eaton's Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses. For additional information on the sale of businesses, see Note 2.

XML

Fair Value Measurements Other Fair Value Measurements (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Other Fair Value Measurements [Line Items]
Carrying value of long-term debt and current portion of long-term debt	$ 9,031	$ 9,536
Fair Value, Inputs, Level 2 [Member]
Other Fair Value Measurements [Line Items]
Fair value of long-term debt and current portion of long-term debt	$ 9,444	$ 9,665

XML

Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2014

Condensed Financial Statements, Captions [Line Items]

Condensed Consolidating Financial Statements [Table Text Block]

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2014
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net sales	$	—		$	1,750		$	1,779		$	3,354		$	(1,116	)	$	5,767
Cost of products sold	—			1,378			1,288			2,473			(1,114		)	4,025
Selling and administrative expense	(2		)	370			193			423			—			984
Litigation settlements	—			644			—			—			—			644
Research and development expense	—			62			52			54			—			168
Interest expense (income) - net	—			55			6			(8		)	2			55
Other income - net	—			(50		)	(95		)	(21		)	—			(166		)
Equity in (earnings) loss of    subsidiaries, net of tax	(231		)	(258		)	(269		)	167			591			—
Intercompany expense (income) - net	62			(46		)	147			(163		)	—			—
Income (loss) before income taxes	171			(405		)	457			429			(595		)	57
Income tax (benefit) expense	—			(229		)	78			37			(1		)	(115		)
Net income (loss)	171			(176		)	379			392			(594		)	172
Less net income for    noncontrolling interests	—			—			—			(1		)	—			(1		)
Net income (loss) attributable to    Eaton ordinary shareholders	$	171		$	(176	)	$	379		$	391		$	(594	)	$	171
Other comprehensive income	$	83		$	36		$	88		$	126		$	(250	)	$	83
Total comprehensive income    (loss) attributable to    Eaton ordinary shareholders	$	254		$	(140	)	$	467		$	517		$	(844	)	$	254

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2013
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net sales	$	—		$	1,743		$	1,626		$	3,420		$	(1,187	)	$	5,602
Cost of products sold	—			1,353			1,179			2,525			(1,187		)	3,870
Selling and administrative expense	2			360			183			415			—			960
Research and development expense	—			64			51			46			—			161
Interest expense (income) - net	—			69			7			(5		)	—			71
Other expense (income) - net	—			19			14			(27		)	—			6
Equity in (earnings) loss of    subsidiaries, net of tax	(569		)	(299		)	395			(239		)	712			—
Intercompany expense (income) - net	61			(112		)	(860		)	911			—			—
Income (loss) before income taxes	506			289			657			(206		)	(712		)	534
Income tax expense (benefit)	12			(43		)	20			48			—			37
Net income (loss)	494			332			637			(254		)	(712		)	497
Less net income for    noncontrolling interests	—			—			—			(3		)	—			(3		)
Net income (loss) attributable to    Eaton ordinary shareholders	$	494		$	332		$	637		$	(257	)	$	(712	)	$	494
Other comprehensive loss	$	(72	)	$	(42	)	$	(70	)	$	(180	)	$	292		$	(72	)
Total comprehensive income    (loss) attributable to    Eaton ordinary shareholders	$	422		$	290		$	567		$	(437	)	$	(420	)	$	422

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2014
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net sales	$	—		$	3,417		$	3,420		$	6,645		$	(2,223	)	$	11,259
Cost of products sold	—			2,720			2,506			4,865			(2,208		)	7,883
Selling and administrative expense	—			731			393			822			—			1,946
Litigation settlements	—			644			—			—			—			644
Research and development expense	—			122			102			106			—			330
Interest expense (income) - net	—			114			13			(14		)	4			117
Other income - net	—			(45		)	(92		)	(34		)	—			(171		)
Equity in (earnings) loss of    subsidiaries, net of tax	(700		)	(465		)	(754		)	(34		)	1,953			—
Intercompany expense (income) - net	90			(117		)	267			(240		)	—			—
Income (loss) before income taxes	610			(287		)	985			1,174			(1,972		)	510
Income tax (benefit) expense	—			(254		)	71			86			(6		)	(103		)
Net income (loss)	610			(33		)	914			1,088			(1,966		)	613
Less net income for    noncontrolling interests	—			—			—			(3		)	—			(3		)
Net income (loss) attributable to    Eaton ordinary shareholders	$	610		$	(33	)	$	914		$	1,085		$	(1,966	)	$	610
Other comprehensive income	$	86		$	64		$	111		$	111		$	(286	)	$	86
Total comprehensive income   attributable to Eaton   ordinary shareholders	$	696		$	31		$	1,025		$	1,196		$	(2,252	)	$	696

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2013
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net sales	$	—		$	3,331		$	3,199		$	6,693		$	(2,311	)	$	10,912
Cost of products sold	—			2,592			2,374			4,950			(2,311		)	7,605
Selling and administrative expense	4			701			381			832			—			1,918
Research and development expense	—			122			98			93			—			313
Interest expense (income) - net	—			143			14			(11		)	—			146
Other expense (income) - net	—			14			22			(40		)	—			(4		)
Equity in (earnings) loss of    subsidiaries, net of tax	(1,013		)	(608		)	(172		)	(405		)	2,198			—
Intercompany expense (income) - net	125			(214		)	(684		)	773			—			—
Income before income taxes	884			581			1,166			501			(2,198		)	934
Income tax expense (benefit)	12			(45		)	(17		)	107			—			57
Net income	872			626			1,183			394			(2,198		)	877
Less net income for    noncontrolling interests	—			—			—			(5		)	—			(5		)
Net income attributable to    Eaton ordinary shareholders	$	872		$	626		$	1,183		$	389		$	(2,198	)	$	872
Other comprehensive loss	$	(306	)	$	(64	)	$	(303	)	$	(571	)	$	938		$	(306	)
Total comprehensive income    (loss) attributable to    Eaton ordinary shareholders	$	566		$	562		$	880		$	(182	)	$	(1,260	)	$	566

CONDENSED CONSOLIDATING BALANCE SHEETS JUNE 30, 2014
	Eaton Corporation plc		Eaton Corporation		Guarantors		Other subsidiaries		Consolidating adjustments			Total
Assets
Current assets
Cash	$	20	$	45	$	20	$	546	$	—		$	631
Short-term investments	—		—		289		345		—			634
Accounts receivable - net	—		530		1,026		2,454		—			4,010
Intercompany accounts    receivable	12		708		3,557		6,027		(10,304		)	—
Inventory	—		384		651		1,550		(51		)	2,534
Prepaid expenses and    other current assets	—		480		135		398		16			1,029
Total current assets	32		2,147		5,678		11,320		(10,339		)	8,838
Property, plant and    equipment - net	—		960		754		2,079		—			3,793
Other noncurrent assets
Goodwill	—		1,355		6,243		6,779		—			14,377
Other intangible assets	—		203		3,902		2,871		—			6,976
Deferred income taxes	—		1,024		7		149		(938		)	242
Investment in subsidiaries	25,743		9,333		41,553		9,000		(85,629		)	—
Intercompany loans receivable	—		8,037		2,399		20,279		(30,715		)	—
Other assets	—		449		141		442		—			1,032
Total assets	$	25,775	$	23,508	$	60,677	$	52,919	$	(127,621	)	$	35,258
Liabilities and    shareholders’ equity
Current liabilities
Short-term debt	$	—	$	—	$	—	$	2	$	—		$	2
Current portion of    long-term debt	—		103		310		3		—			416
Accounts payable	—		491		406		1,147		—			2,044
Intercompany accounts payable	35		3,861		3,155		3,253		(10,304		)	—
Accrued compensation	—		62		50		261		—			373
Other current liabilities	1		1,313		326		1,070		(2		)	2,708
Total current liabilities	36		5,830		4,247		5,736		(10,306		)	5,543
Noncurrent liabilities
Long-term debt	—		7,659		942		16		(2		)	8,615
Pension liabilities	—		382		82		758		—			1,222
Other postretirement    benefits liabilities	—		402		171		95		—			668
Deferred income taxes	—		—		1,265		720		(938		)	1,047
Intercompany loans payable	8,757		2,869		18,228		861		(30,715		)	—
Other noncurrent liabilities	—		500		158		463		—			1,121
Total noncurrent liabilities	8,757		11,812		20,846		2,913		(31,655		)	12,673
Shareholders’ equity
Eaton shareholders' equity	16,982		5,866		35,584		44,216		(85,666		)	16,982
Noncontrolling interests	—		—		—		54		6			60
Total equity	16,982		5,866		35,584		44,270		(85,660		)	17,042
Total liabilities and equity	$	25,775	$	23,508	$	60,677	$	52,919	$	(127,621	)	$	35,258

CONDENSED CONSOLIDATING BALANCE SHEETS DECEMBER 31, 2013
	Eaton Corporation plc		Eaton Corporation		Guarantors		Other subsidiaries		Consolidating adjustments			Total
Assets
Current assets
Cash	$	3	$	51	$	10	$	851	$	—		$	915
Short-term investments	—		—		134		660		—			794
Accounts receivable - net	—		473		922		2,253		—			3,648
Intercompany accounts    receivable	5		471		3,368		4,470		(8,314		)	—
Inventory	—		344		609		1,466		(37		)	2,382
Prepaid expenses and    other current assets	—		458		175		350		9			992
Total current assets	8		1,797		5,218		10,050		(8,342		)	8,731
Property, plant and    equipment - net	—		982		761		2,090		—			3,833
Other noncurrent assets
Goodwill	—		1,382		6,350		6,763		—			14,495
Other intangible assets	—		211		3,996		2,979		—			7,186
Deferred income taxes	—		839		3		145		(747		)	240
Investment in subsidiaries	24,940		8,853		40,776		8,473		(83,042		)	—
Intercompany loans receivable	—		8,019		2,518		18,776		(29,313		)	—
Other assets	—		450		186		370		—			1,006
Total assets	$	24,948	$	22,533	$	59,808	$	49,646	$	(121,444	)	$	35,491
Liabilities and    shareholders’ equity
Current liabilities
Short-term debt	$	—	$	—	$	—	$	13	$	—		$	13
Current portion of    long-term debt	—		552		—		15		—			567
Accounts payable	—		440		380		1,140		—			1,960
Intercompany accounts payable	4		3,751		3,288		1,271		(8,314		)	—
Accrued compensation	—		140		37		284		—			461
Other current liabilities	5		547		400		965		(4		)	1,913
Total current liabilities	9		5,430		4,105		3,688		(8,318		)	4,914
Noncurrent liabilities
Long-term debt	—		7,693		1,266		16		(6		)	8,969
Pension liabilities	—		546		131		788		—			1,465
Other postretirement    benefits liabilities	—		402		171		95		—			668
Deferred income taxes	—		—		1,303		757		(747		)	1,313
Intercompany loans payable	8,148		2,113		18,207		845		(29,313		)	—
Other noncurrent liabilities	—		652		162		485		—			1,299
Total noncurrent liabilities	8,148		11,406		21,240		2,986		(30,066		)	13,714
Shareholders’ equity
Eaton shareholders' equity	16,791		5,697		34,463		42,906		(83,066		)	16,791
Noncontrolling interests	—		—		—		66		6			72
Total equity	16,791		5,697		34,463		42,972		(83,060		)	16,863
Total liabilities and equity	$	24,948	$	22,533	$	59,808	$	49,646	$	(121,444	)	$	35,491

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2014
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net cash provided by (used in)    operating activities	$	52		$	(273	)	$	7		$	859		$	—		$	645
Investing activities
Capital expenditures for property,    plant and equipment	—			(51		)	(61		)	(124		)	—			(236		)
(Purchases) sales of short-term    investments - net	—			—			(155		)	317			—			162
Loans to affiliates	—			(151		)	—			(3,191		)	3,342			—
Repayments of loans from affiliates	—			176			187			2,454			(2,817		)	—
Proceeds from sale of business	—			93			175			5			—			273
Other - net	—			(26		)	5			(30		)	—			(51		)
Net cash provided by (used in)    investing activities	—			41			151			(569		)	525			148
Financing activities
Payments on borrowings	—			(551		)	(1		)	(24		)	—			(576		)
Proceeds from borrowings from    affiliates	327			2,754			254			7			(3,342		)	—
Payments on borrowings from    affiliates	(15		)	(2,125		)	(320		)	(357		)	2,817			—
Other intercompany    financing activities	219			84			(81		)	(222		)	—			—
Cash dividends paid	(467		)	—			—			—			—			(467		)
Exercise of employee stock options	—			44			—			—			—			44
Repurchase of shares	(99		)	—			—			—			—			(99		)
Excess tax benefit from    equity-based compensation	—			20			—			—			—			20
Net cash (used in) provided by    financing activities	(35		)	226			(148		)	(596		)	(525		)	(1,078		)
Effect of currency on cash	—			—			—			1			—			1
Total increase (decrease) in cash	17			(6		)	10			(305		)	—			(284		)
Cash at the beginning of the period	3			51			10			851			—			915
Cash at the end of the period	$	20		$	45		$	20		$	546		$	—		$	631

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2013
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net cash provided by (used in)    operating activities	$	71		$	234		$	557		$	(151	)	$	(2	)	$	709
Investing activities
Capital expenditures for property,    plant and equipment	—			(86		)	(34		)	(131		)	—			(251		)
Sales of short-term investments - net	—			25			21			102			—			148
Loans to affiliates	—			(50		)	—			(1,912		)	1,962			—
Repayments of loans from affiliates	—			28			88			1,876			(1,992		)	—
Proceeds from sale of business	—			—			—			761			—			761
Other - net	—			(18		)	(13		)	(21		)	—			(52		)
Net cash (used in) provided by    investing activities	—			(101		)	62			675			(30		)	606
Financing activities
Proceeds from borrowings	—			17			—			11			—			28
Payments on borrowings	—			(972		)	(1		)	(4		)	—			(977		)
Proceeds from borrowings from    affiliates	—			1,560			352			50			(1,962		)	—
Payments on borrowings from    affiliates	—			(1,688		)	(188		)	(116		)	1,992			—
Other intercompany    financing activities	323			840			(789		)	(374		)	—			—
Cash dividends paid	(397		)	—			—			—			—			(397		)
Cash dividends paid to affiliates	—			—			—			(2		)	2			—
Exercise of employee stock options	—			78			—			—			—			78
Excess tax benefit from    equity-based compensation	—			22			—			—			—			22
Other - net	—			—			—			(4		)	—			(4		)
Net cash used in financing activities	(74		)	(143		)	(626		)	(439		)	32			(1,250		)
Effect of currency on cash	—			—			—			(14		)	—			(14		)
Total (decrease) increase in cash	(3		)	(10		)	(7		)	71			—			51
Cash at the beginning of the period	7			54			14			502			—			577
Cash at the end of the period	$	4		$	44		$	7		$	573		$	—		$	628

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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Business Segment Information

	Three months ended June 30						Six months ended June 30
	2014			2013			2014			2013
Net sales
Electrical Products	$	1,832		$	1,758		$	3,558		$	3,418
Electrical Systems and Services	1,628			1,624			3,152			3,145
Hydraulics	787			772			1,569			1,528
Aerospace	486			446			950			880
Vehicle	1,034			1,002			2,030			1,941
Total net sales	$	5,767		$	5,602		$	11,259		$	10,912
Segment operating profit
Electrical Products	$	300		$	272		$	550		$	513
Electrical Systems and Services	194			227			363			437
Hydraulics	94			104			202			182
Aerospace	69			67			131			129
Vehicle	155			172			306			304
Total segment operating profit	812			842			1,552			1,565
Corporate
Litigation settlements	(644		)	—			(644		)	—
Amortization of intangible assets	(109		)	(108		)	(219		)	(215		)
Interest expense - net	(55		)	(71		)	(117		)	(146		)
Pension and other postretirement benefits expense	(32		)	(43		)	(83		)	(81		)
Inventory step-up adjustment	—			(1		)	—			(34		)
Other corporate income (expense) - net	85			(85		)	21			(155		)
Income before income taxes	57			534			510			934
Income tax (benefit) expense	(115		)	37			(103		)	57
Net income	172			497			613			877
Less net income for noncontrolling interests	(1		)	(3		)	(3		)	(5		)
Net income attributable to Eaton ordinary shareholders	$	171		$	494		$	610		$	872

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Derivative Financial Instruments and Hedging Activities (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended										3 Months Ended						3 Months Ended			3 Months Ended										3 Months Ended					3 Months Ended										3 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014 Other current assets [Member]	Dec. 31, 2013 Other current assets [Member]	Jun. 30, 2014 Other long-term assets [Member]	Dec. 31, 2013 Other long-term assets [Member]	Jun. 30, 2014 Other current liabilities [Member]	Dec. 31, 2013 Other current liabilities [Member]	Jun. 30, 2014 Other long-term liabilities [Member]	Dec. 31, 2013 Other long-term liabilities [Member]	Jun. 30, 2014 Currency exchange contracts [Member]	Dec. 31, 2013 Currency exchange contracts [Member]	Jun. 30, 2014 Currency exchange contracts [Member] Other current assets [Member]	Dec. 31, 2013 Currency exchange contracts [Member] Other current assets [Member]	Jun. 30, 2014 Currency exchange contracts [Member] Other current liabilities [Member]	Dec. 31, 2013 Currency exchange contracts [Member] Other current liabilities [Member]	Jun. 30, 2014 Commodity contracts [Member]	Jun. 30, 2014 Commodity contracts [Member] Other current assets [Member]	Jun. 30, 2014 Commodity contracts [Member] Other current liabilities [Member]	Jun. 30, 2014 Fair Value Hedging [Member] Fixed-to-floating interest rate swaps [Member]	Dec. 31, 2013 Fair Value Hedging [Member] Fixed-to-floating interest rate swaps [Member]	Jun. 30, 2014 Fair Value Hedging [Member] Fixed-to-floating interest rate swaps [Member] Other current assets [Member]	Dec. 31, 2013 Fair Value Hedging [Member] Fixed-to-floating interest rate swaps [Member] Other current assets [Member]	Jun. 30, 2014 Fair Value Hedging [Member] Fixed-to-floating interest rate swaps [Member] Other long-term assets [Member]	Dec. 31, 2013 Fair Value Hedging [Member] Fixed-to-floating interest rate swaps [Member] Other long-term assets [Member]	Jun. 30, 2014 Fair Value Hedging [Member] Fixed-to-floating interest rate swaps [Member] Other current liabilities [Member]	Dec. 31, 2013 Fair Value Hedging [Member] Fixed-to-floating interest rate swaps [Member] Other current liabilities [Member]	Jun. 30, 2014 Fair Value Hedging [Member] Fixed-to-floating interest rate swaps [Member] Other long-term liabilities [Member]	Dec. 31, 2013 Fair Value Hedging [Member] Fixed-to-floating interest rate swaps [Member] Other long-term liabilities [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Floating-to-fixed interest rate swaps [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Floating-to-fixed interest rate swaps [Member] Other current assets [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Floating-to-fixed interest rate swaps [Member] Other long-term assets [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Floating-to-fixed interest rate swaps [Member] Other current liabilities [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Floating-to-fixed interest rate swaps [Member] Other long-term liabilities [Member]	Jun. 30, 2014 Cash Flow Hedging [Member] Currency exchange contracts [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Currency exchange contracts [Member]	Jun. 30, 2014 Cash Flow Hedging [Member] Currency exchange contracts [Member] Other current assets [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Currency exchange contracts [Member] Other current assets [Member]	Jun. 30, 2014 Cash Flow Hedging [Member] Currency exchange contracts [Member] Other long-term assets [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Currency exchange contracts [Member] Other long-term assets [Member]	Jun. 30, 2014 Cash Flow Hedging [Member] Currency exchange contracts [Member] Other current liabilities [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Currency exchange contracts [Member] Other current liabilities [Member]	Jun. 30, 2014 Cash Flow Hedging [Member] Currency exchange contracts [Member] Other long-term liabilities [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Currency exchange contracts [Member] Other long-term liabilities [Member]	Jun. 30, 2014 Cash Flow Hedging [Member] Commodity contracts [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Commodity contracts [Member]	Jun. 30, 2014 Cash Flow Hedging [Member] Commodity contracts [Member] Other current assets [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Commodity contracts [Member] Other current assets [Member]	Jun. 30, 2014 Cash Flow Hedging [Member] Commodity contracts [Member] Other long-term assets [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Commodity contracts [Member] Other long-term assets [Member]	Jun. 30, 2014 Cash Flow Hedging [Member] Commodity contracts [Member] Other current liabilities [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Commodity contracts [Member] Other current liabilities [Member]	Jun. 30, 2014 Cash Flow Hedging [Member] Commodity contracts [Member] Other long-term liabilities [Member]	Dec. 31, 2013 Cash Flow Hedging [Member] Commodity contracts [Member] Other long-term liabilities [Member]	Jun. 30, 2014 Derivatives designated as hedges [Member] Fair Value Hedging [Member] Fixed-to-floating interest rate swaps [Member]	Dec. 31, 2013 Derivatives designated as hedges [Member] Fair Value Hedging [Member] Fixed-to-floating interest rate swaps [Member]	Dec. 31, 2013 Derivatives designated as hedges [Member] Cash Flow Hedging [Member] Floating-to-fixed interest rate swaps [Member]	Jun. 30, 2014 Derivatives designated as hedges [Member] Cash Flow Hedging [Member] Currency exchange contracts [Member]	Dec. 31, 2013 Derivatives designated as hedges [Member] Cash Flow Hedging [Member] Currency exchange contracts [Member]	Jun. 30, 2014 Derivatives designated as hedges [Member] Cash Flow Hedging [Member] Commodity contracts [Member]	Dec. 31, 2013 Derivatives designated as hedges [Member] Cash Flow Hedging [Member] Commodity contracts [Member]	Jun. 30, 2014 Derivatives not designated as hedges [Member] Currency exchange contracts [Member]	Dec. 31, 2013 Derivatives not designated as hedges [Member] Currency exchange contracts [Member]	Jun. 30, 2014 Derivatives not designated as hedges [Member] Commodity contracts [Member]
Derivatives, Fair Value [Line Items]
Notional amount																																																							$ 3,440	$ 3,090	$ 300	$ 490	$ 393	$ 1	$ 1	$ 4,894	$ 4,277	$ 14
Derivatives designated as hedges
Derivative asset designated as hedging instrument			14	13	60	36																0	1	60	36						0	0					14	12	0	0							0	0	0	0
Derivative liability designated as hedging instrument							4	4	26	76																0	0	26	76				1	0							4	3	0	0							0	0	0	0
Terms of derivatives designated as hedges																				3 to 20 years	3 months to 20 years									6 months					1 to 36 months	12 to 36 months									1 to 12 months	1 to 12 months
Derivatives not designated as hedges
Derivative instruments not designated as hedging instruments, asset, at fair value			18	22									18	22				0
Derivative instruments not designated as hedging instruments, liability, at fair value							19	26							19	26			0
Terms of derivatives not designated as hedges											1 to 12 months	1 to 12 months					1 to 12 months
Debt denominated in foreign currency designated as non-derivative net investment hedging instrument	$ 99	$ 95
Percentage of intercompany balance sheet exposure	100.00%

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Acquisitions of Businesses (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011 Cooper Industries plc [Member] Electrical Systems and Services; Electrical Products [Member]	Sep. 30, 2012 Rolec Comercial e Industrial S.A. [Member] Electrical Systems and Services [Member]	Dec. 31, 2011 Jeil Hydraulics Co., Ltd. [Member] Hydraulics [Member]	Dec. 31, 2011 Polimer Kaucuk Sanayi ve Pazarlama A.S. [Member] Hydraulics [Member]	Dec. 31, 2011 Gycom Electrical Low-Voltage Power Distribution, Control and Automation [Member] Electrical Systems and Services [Member]
Business Acquisition [Line Items]
Business acquisition, revenue reported by acquired entity for last annual period	$ 5,409	$ 85	$ 189	$ 335	$ 24

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Acquisitions and Sale of Businesses Sale of Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions (Details) (Aerospace [Member], USD $) In Millions, unless otherwise specified	0 Months Ended
	May 09, 2014
Aerospace [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions	$ 270
Gain on sale of businesses, pre-tax	$ 156

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Acquisition Integration and Restructuring Charges

6 Months Ended

Jun. 30, 2014

Acquisition Integration and Restructuring Charges [Abstract]

ACQUISITION INTEGRATION AND RESTRUCTURING CHARGES

ACQUISITION INTEGRATION AND RESTRUCTURING CHARGES

Eaton incurs integration charges and transaction costs related to acquired businesses. A summary of these charges follows:

	Three months ended June 30				Six months ended June 30
	2014		2013		2014		2013
Acquisition integration charges
Electrical Products	$	12	$	12	$	41	$	15
Electrical Systems and Services	13		11		39		16
Hydraulics	5		8		9		20
Total business segments	30		31		89		51
Corporate	7		6		14		12
Total acquisition integration charges	37		37		103		63
Transaction costs
Corporate	—		2		—		7
Total transaction costs	—		2		—		7
Total acquisition integration charges and transaction costs before income taxes	$	37	$	39	$	103	$	70
Total after income taxes	$	23	$	25	$	67	$	47
Per ordinary share - diluted	$	0.05	$	0.05	$	0.14	$	0.10

Business segment integration charges in 2014 were related primarily to the integration of Cooper. Business segment integration charges in 2013 were related primarily to the integrations of Cooper, Polimer Kaucuk Sanayi ve Pazarlama, Jeil Hydraulics and Rolec Comercial e Industrial. These charges were included in Cost of products sold or Selling and administrative expense, as appropriate. In Business Segment Information the charges reduced Operating profit of the related business segment.

Corporate integration charges in 2014 and 2013 were related to the acquisition of Cooper. These charges were included in Selling and administrative expense. In Business Segment Information the charges were included in Other corporate income (expense) - net.

Acquisition-related transaction costs, such as investment banking, legal, other professional fees, and costs associated with change in control agreements, are not included as a component of consideration transferred in an acquisition but are expensed as incurred. Acquisition-related transaction costs in 2013 were related to the acquisition of Cooper. These charges were included in Selling and administrative expense, Interest expense - net and Other (income) expense - net. In Business Segment Information the charges were included in Interest expense - net and Other corporate income (expense) - net.

See Note 2 for additional information about business acquisitions.

Restructuring Charges

During 2013, Eaton undertook restructuring activities related to the acquisition and integration of Cooper in an effort to gain efficiencies in selling, marketing, traditional back-office functions and manufacturing and distribution. These actions, comprised primarily of severance costs, resulted in charges totaling $55 and $17 during the first six months of 2014 and 2013, respectively. These restructuring initiatives are expected to continue through 2015.

During April 2014, Eaton undertook certain restructuring activities in an effort to gain efficiencies in the Vehicle, Hydraulics and Aerospace business segments. These actions, comprised primarily of severance costs, resulted in charges totaling $39 in the second quarter of 2014.

Restructuring charges were included in Cost of products sold or Selling and administrative expense, as appropriate. In Business Segment Information, the charges reduced Operating profit of the related business segment. See Note 12 for additional information about business segments. As of June 30, 2014 and December 31, 2013, liabilities related to restructuring actions totaled $99 and $32, respectively.

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Acquisition Integration Charges and Transaction Costs (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Acquisition integration charges
Acquisition integration charges	$ 37	$ 37	$ 103	$ 63
Transaction costs
Transaction costs	0	2	0	7
Total acquisition integration charges and transaction costs before income taxes	37	39	103	70
Total after income taxes	23	25	67	47
Per ordinary share - diluted	$ 0.05	$ 0.05	$ 0.14	$ 0.10
Corporate
Acquisition integration charges
Acquisition integration charges	7	6	14	12
Transaction costs
Transaction costs	0	2	0	7
Electrical Products [Member]
Acquisition integration charges
Acquisition integration charges	12	12	41	15
Electrical Systems and Services [Member]
Acquisition integration charges
Acquisition integration charges	13	11	39	16
Hydraulics [Member]
Acquisition integration charges
Acquisition integration charges	5	8	9	20
Total business segments
Acquisition integration charges
Acquisition integration charges	$ 30	$ 31	$ 89	$ 51

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Reclassifications Out of Accumulated Other Comprehensive Loss (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014		Jun. 30, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Consolidated Statements of Income classification for fixed-to-floating interest rate swaps reclassifications out of Accumulated other comprehensive income (loss) - Interest expense, net	$ (55)	$ (71)	$ (117)		$ (146)
Consolidated Statements of Income classification for currency exchange contracts reclassifications out of Accumulated other comprehensive income (loss) - Cost of products sold	4,025	3,870	7,883		7,605
Consolidated Statements of Income classification for total AOCI reclassifications for the period, before tax - Income before income taxes	57	534	510		934
Consolidated Statements of Income classification for reclassifications out of AOCI, tax impact - Income tax (benefit) expense	115	(37)	103		(57)
Consolidated Statements of Income classification for total AOCI reclassifications for the period, net of tax - Net income attributable to Eaton ordinary shareholders	171	494	610		872
Reclassification out of Accumulated other comprehensive loss [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Consolidated Statements of Income classification for total AOCI reclassifications for the period, net of tax - Net income attributable to Eaton ordinary shareholders			(68)
Reclassification out of Accumulated other comprehensive loss [Member] | Amortization of defined benefit pension items [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Actuarial loss - Other comprehensive (income) loss, reclassification adjustment from AOCI, pension and other postretirement benefit plans, before tax, total			(112)	[1]
Consolidated Statements of Income classification for reclassifications out of AOCI, tax impact - Income tax (benefit) expense			42
Consolidated Statements of Income classification for total AOCI reclassifications for the period, net of tax - Net income attributable to Eaton ordinary shareholders			(70)
Reclassification out of Accumulated other comprehensive loss [Member] | Loss on cash flow hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Consolidated Statements of Income classification for total AOCI reclassifications for the period, before tax - Income before income taxes			3
Consolidated Statements of Income classification for reclassifications out of AOCI, tax impact - Income tax (benefit) expense			(1)
Consolidated Statements of Income classification for total AOCI reclassifications for the period, net of tax - Net income attributable to Eaton ordinary shareholders			2
Reclassification out of Accumulated other comprehensive loss [Member] | Loss on cash flow hedges [Member] | Floating-to-fixed interest rate swaps [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Consolidated Statements of Income classification for fixed-to-floating interest rate swaps reclassifications out of Accumulated other comprehensive income (loss) - Interest expense, net			(1)
Reclassification out of Accumulated other comprehensive loss [Member] | Loss on cash flow hedges [Member] | Currency exchange contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Consolidated Statements of Income classification for currency exchange contracts reclassifications out of Accumulated other comprehensive income (loss) - Cost of products sold			$ 4

[1] These components of Accumulated other comprehensive loss are included in the computation of net periodic pension cost. See Note 5 for additional information about defined benefit pension items.

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Consolidated Statements of Income (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]
Net sales	$ 5,767	$ 5,602	$ 11,259	$ 10,912
Cost of products sold	4,025	3,870	7,883	7,605
Selling and administrative expense	984	960	1,946	1,918
Litigation settlements	644	0	644	0
Research and development expense	168	161	330	313
Interest expense - net	55	71	117	146
Other (income) expense - net	(166)	6	(171)	(4)
Income before income taxes	57	534	510	934
Income tax (benefit) expense	(115)	37	(103)	57
Net income (loss)	172	497	613	877
Less net income for noncontrolling interests	(1)	(3)	(3)	(5)
Net income attributable to Eaton ordinary shareholders	$ 171	$ 494	$ 610	$ 872
Net income per ordinary share
Diluted	$ 0.36	$ 1.04	$ 1.27	$ 1.83
Basic	$ 0.36	$ 1.04	$ 1.28	$ 1.84
Weighted-average number of ordinary shares outstanding
Diluted	478.5	476.3	478.7	475.7
Basic	475.9	473.4	475.9	472.6
Cash dividends declared per ordinary share	$ 0.49	$ 0.42	$ 0.98	$ 0.84

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Amounts Recognized in Accumulated Other Comprehensive Income (Details) (Cost of products sold and Interest expense - net [Member], Cash flow hedges [Member], USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Amounts recognized in accumulated other comprehensive income (loss)
Gain (loss) recognized in accumulated other comprehensive income (loss)	$ 3	$ 0	$ 5	$ (9)
Gain (loss) reclassified from accumulated other comprehensive income (loss)	1	(2)	3	(1)
Interest Rate Contract Floating to Fixed Interest Rate Swap [Domain]
Amounts recognized in accumulated other comprehensive income (loss)
Gain (loss) recognized in accumulated other comprehensive income (loss)	0	0	0	0
Gain (loss) reclassified from accumulated other comprehensive income (loss)	(1)	(1)	(1)	(1)
Currency exchange contracts [Member]
Amounts recognized in accumulated other comprehensive income (loss)
Gain (loss) recognized in accumulated other comprehensive income (loss)	3	1	5	(8)
Gain (loss) reclassified from accumulated other comprehensive income (loss)	2	0	4	1
Commodity contract [Member]
Amounts recognized in accumulated other comprehensive income (loss)
Gain (loss) recognized in accumulated other comprehensive income (loss)	0	(1)	0	(1)
Gain (loss) reclassified from accumulated other comprehensive income (loss)	$ 0	$ (1)	$ 0	$ (1)

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Basis of Presentation

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

BASIS OF PRESENTATION

BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements of Eaton Corporation plc (Eaton or the Company) have been prepared in accordance with generally accepted accounting principles for interim financial information, the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles (US GAAP) for complete financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring accruals) have been made that are necessary for a fair presentation of the condensed consolidated financial statements for the interim periods.

This Form 10-Q should be read in conjunction with the consolidated financial statements and related notes included in Eaton’s 2013 Form 10-K. The interim period results are not necessarily indicative of the results to be expected for the full year. Management has evaluated subsequent events through the date this Form 10-Q was filed with the Securities Exchange Commission.

Certain prior year amounts have been reclassified to conform to the current year presentation.

Recently Issued Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). This accounting standard supersedes all existing US GAAP revenue recognition guidance. Under ASU 2014-09, a company will recognize revenue when it transfers the control of promised goods or services to customers in an amount that reflects the consideration which the company expects to collect in exchange for those goods or services. ASU 2014-09 will require additional disclosures in the notes to the consolidated financial statements and is effective for annual and interim reporting periods beginning after December 15, 2016. Eaton is evaluating the impact of ASU 2014-09 and an estimate of the impact to the consolidated financial statements cannot be made at this time.

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Retirement Benefits Plans (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
United States pension benefit expense [Member]
Retirement benefits plans expense
Service cost	$ 29	$ 32	$ 58	$ 64
Interest cost	41	37	81	74
Expected return on plan assets	(62)	(56)	(123)	(113)
Amortization	23	33	46	66
Total	31	46	62	91
Settlement loss	14	10	48	16
Total expense	45	56	110	107
Non-United States pension benefit expense [Member]
Retirement benefits plans expense
Service cost	17	15	33	30
Interest cost	22	19	44	39
Expected return on plan assets	(25)	(21)	(50)	(42)
Amortization	7	7	14	14
Total	21	20	41	41
Settlement loss	0	0	0	0
Total expense	21	20	41	41
Other postretirement benefits expense [Member]
Retirement benefits plans expense
Service cost	5	5	9	10
Interest cost	10	8	19	17
Expected return on plan assets	(2)	(1)	(3)	(3)
Amortization	2	4	4	7
Total	15	16	29	31
Settlement loss	0	0	0	0
Total expense	$ 15	$ 16	$ 29	$ 31

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Goodwill (Tables)

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

A summary of goodwill follows:

	June 30, 2014		December 31, 2013
Electrical Products	$	7,191	$	7,189
Electrical Systems and Services	4,467		4,517
Hydraulics	1,389		1,385
Aerospace	973		1,048
Vehicle	357		356
Total goodwill	$	14,377	$	14,495

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Legal Contingencies (Details) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended		0 Months Ended
	Dec. 31, 2010 Raysul [Member] USD ($)	Dec. 31, 2010 Raysul [Member] BRL	Jun. 30, 2014 Raysul [Member] USD ($)	Jun. 30, 2014 Raysul [Member] BRL	Jun. 23, 2014 Meritor [Member] USD ($)	Jun. 18, 2014 Triumph [Member] USD ($)	Jul. 16, 2014 Subsequent Event [Member] Meritor [Member] USD ($)	Jul. 08, 2014 Subsequent Event [Member] Triumph [Member] USD ($)
Loss Contingencies [Line Items]
Loss Contingency Accrual			$ 36	80
Loss Contingency Accrual, Provision	27	60	9	20
Litigation settlement, loss in period					500.0	147.5
Litigation settlement, amount paid							$ 500.0	$ 147.5

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Equity (Tables)

6 Months Ended

Jun. 30, 2014

Stockholders' Equity Note [Abstract]

Changes in Shareholders' equity

The changes in Shareholders’ equity follow:

	Eaton shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2013	$	16,791		$	72		$	16,863
Net income	610			3			613
Other comprehensive income	86			—			86
Cash dividends paid	(467		)	—			(467		)
Issuance of shares under equity-based compensation plans - net	78			—			78
Repurchase of shares	(99		)	—			(99		)
Change in capital	(17		)	(15		)	(32		)
Balance at June 30, 2014	$	16,982		$	60		$	17,042

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The changes in Accumulated other comprehensive (loss) income follow:

	Currency translation and related hedging instruments			Pensions and other postretirement benefits			Cash flow hedges			Total
Balance at December 31, 2013	$	(395	)	$	(1,170	)	$	5		$	(1,560	)
Other comprehensive (loss) income     before reclassifications	11			3			4			18
Amounts reclassified from Accumulated other    comprehensive (loss) income	—			70			(2		)	68
Net current-period other comprehensive    (loss) income	11			73			2			86
Balance at June 30, 2014	$	(384	)	$	(1,097	)	$	7		$	(1,474	)

Reclassification out of accumulated other comprehensive income [Table Text Block]

The reclassifications out of Accumulated other comprehensive loss follow:

	Six months ended June 30, 2014			Consolidated Statements of Income classification
Amortization of defined benefit pension items
Actuarial loss	$	(112	)	1
Tax benefit	42
Total, net of tax	(70		)
Gains (loss) on cash flow hedges
Floating-to-fixed interest rate swaps	(1		)	Interest expense - net
Currency exchange contracts	4			Cost of products sold
	3
Tax expense	(1		)
Total, net of tax	2
Total reclassifications for the period	$	(68	)

Calculation of net income per ordinary share attributable to ordinary shareholders

A summary of the calculation of net income per ordinary share attributable to shareholders follows:

	Three months ended June 30				Six months ended June 30
(Shares in millions)	2014		2013		2014		2013
Net income attributable to Eaton ordinary shareholders	$	171	$	494	$	610	$	872
Weighted-average number of ordinary shares outstanding - diluted	478.5		476.3		478.7		475.7
Less dilutive effect of equity-based compensation	2.6		2.9		2.8		3.1
Weighted-average number of ordinary shares outstanding - basic	475.9		473.4		475.9		472.6
Net income per ordinary share
Diluted	$	0.36	$	1.04	$	1.27	$	1.83
Basic	0.36		1.04		1.28		1.84

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Acquisitions and Sale of Businesses

6 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

ACQUISITIONS AND SALE OF BUSINESSES

ACQUISITIONS AND SALE OF BUSINESSES

Eaton's most recently acquired businesses, and the related annual sales prior to acquisition, are summarized below:

Acquired businesses	Date of transaction	Business segment	Annual sales
Cooper Industries plc (Cooper)	November 30, 2012	Electrical Products; Electrical Systems and Services	$5,409 for 2011
A diversified global manufacturer of electrical products and systems, with brands including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products.
Rolec Comercial e Industrial S.A.	September 28, 2012	Electrical Systems and Services	$85 for the 12 months ended September 30, 2012
A Chilean manufacturer of integrated power assemblies and low- and medium-voltage switchgear, and a provider of engineering services serving mining and other heavy industrial applications in Chile and Peru.
Jeil Hydraulics Co., Ltd.	July 6, 2012	Hydraulics	$189 for 2011
A Korean manufacturer of track drive motors, swing drive motors, main control valves and remote control valves for the construction equipment market.
Polimer Kaucuk Sanayi ve Pazarlama A.S.	June 1, 2012	Hydraulics	$335 for 2011
A Turkish manufacturer of hydraulic and industrial hose for construction, mining, agriculture, oil and gas, manufacturing, food and beverage, and chemicals markets. This business sells its products under the SEL brand name.
Gycom Electrical Low-Voltage Power Distribution, Control and Automation	June 1, 2012	Electrical Systems and Services	$24 for 2011
A Swedish electrical low-voltage power distribution, control and automation components business.

See Note 3 for information about acquisition integration charges and transaction costs related to these acquisitions.

Sale of Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions

On January 20, 2014, Eaton announced it entered into an agreement to sell the Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses to Safran for $270. The sale closed on May 9, 2014 and resulted in a pre-tax gain of $156.

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Consolidated Statements of Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net income	$ 172	$ 497	$ 613	$ 877
Less net income for noncontrolling interests	(1)	(3)	(3)	(5)
Net income (loss) attributable to Eaton ordinary shareholders	171	494	610	872
Other comprehensive income (loss), net of tax
Currency translation and related hedging instruments	58	(109)	11	(390)
Pensions and other postretirement benefits	23	36	73	89
Cash flow hedges	2	1	2	(5)
Other comprehensive income (loss) attributable to Eaton ordinary shareholders	83	(72)	86	(306)
Total comprehensive income (loss) attributable to Eaton ordinary shareholders	$ 254	$ 422	$ 696	$ 566

XML

Business Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated on a regular basis by the chief operating decision maker, or decision making group, in deciding how to allocate resources to an individual segment and in assessing performance. Eaton’s operating segments are Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace and Vehicle. Operating profit includes the operating profit from intersegment sales. For additional information regarding Eaton’s business segments, see Note 14 to the Consolidated Financial Statements contained in the 2013 Form 10-K.

	Three months ended June 30						Six months ended June 30
	2014			2013			2014			2013
Net sales
Electrical Products	$	1,832		$	1,758		$	3,558		$	3,418
Electrical Systems and Services	1,628			1,624			3,152			3,145
Hydraulics	787			772			1,569			1,528
Aerospace	486			446			950			880
Vehicle	1,034			1,002			2,030			1,941
Total net sales	$	5,767		$	5,602		$	11,259		$	10,912
Segment operating profit
Electrical Products	$	300		$	272		$	550		$	513
Electrical Systems and Services	194			227			363			437
Hydraulics	94			104			202			182
Aerospace	69			67			131			129
Vehicle	155			172			306			304
Total segment operating profit	812			842			1,552			1,565
Corporate
Litigation settlements	(644		)	—			(644		)	—
Amortization of intangible assets	(109		)	(108		)	(219		)	(215		)
Interest expense - net	(55		)	(71		)	(117		)	(146		)
Pension and other postretirement benefits expense	(32		)	(43		)	(83		)	(81		)
Inventory step-up adjustment	—			(1		)	—			(34		)
Other corporate income (expense) - net	85			(85		)	21			(155		)
Income before income taxes	57			534			510			934
Income tax (benefit) expense	(115		)	37			(103		)	57
Net income	172			497			613			877
Less net income for noncontrolling interests	(1		)	(3		)	(3		)	(5		)
Net income attributable to Eaton ordinary shareholders	$	171		$	494		$	610		$	872

XML

Document and Entity Information Document (USD $) In Billions, except Share data in Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Entity Information [Line Items]
Entity Registrant Name	Eaton Corp plc
Trading Symbol	ETN
Entity Central Index Key	0001551182
Document Type	10-Q
Document Period End Date	Jun. 30, 2014
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float		$ 31.2
Entity Common Stock, Shares Outstanding	475.9

XML

Condensed Consolidating Financial Information (Notes)

6 Months Ended

Jun. 30, 2014

Condensed Financial Statements, Captions [Line Items]

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS [Text Block]

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS

On November 20, 2012, Eaton Corporation issued senior notes (the Senior Notes) totaling $4,900 to finance part of the cash portion of the acquisition of Cooper. Eaton and certain other of Eaton's principal 100% owned subsidiaries (the Guarantors) fully and unconditionally guaranteed (subject, in the case of the Guarantors, other than Eaton, to customary release provisions as described below), on a joint and several basis, the Senior Notes. The following condensed consolidating financial statements are included so that separate financial statements of Eaton, Eaton Corporation and each of the Guarantors are not required to be filed with the Securities and Exchange Commission. The consolidating adjustments primarily relate to eliminations of investments in subsidiaries and intercompany balances and transactions. The condensed consolidating financial statements present investments in subsidiaries using the equity method of accounting.

The guarantee of a Guarantor that is not a parent of the issuer will be automatically and unconditionally released and discharged in the event of any sale of the Guarantor or of all or substantially all of its assets, or in connection with the release or termination of the Guarantor as a guarantor under all other U.S. debt securities or U.S. syndicated credit facilities, subject to limitations set forth in the indenture. The guarantee of a Guarantor that is a direct or indirect parent of the issuer will only be automatically and unconditionally released and discharged in connection with the release or termination of such Guarantor as a guarantor under all other debt securities or syndicated credit facilities (in both cases, U.S. or otherwise), subject to limitations set forth in the indenture.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2014
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net sales	$	—		$	1,750		$	1,779		$	3,354		$	(1,116	)	$	5,767
Cost of products sold	—			1,378			1,288			2,473			(1,114		)	4,025
Selling and administrative expense	(2		)	370			193			423			—			984
Litigation settlements	—			644			—			—			—			644
Research and development expense	—			62			52			54			—			168
Interest expense (income) - net	—			55			6			(8		)	2			55
Other income - net	—			(50		)	(95		)	(21		)	—			(166		)
Equity in (earnings) loss of    subsidiaries, net of tax	(231		)	(258		)	(269		)	167			591			—
Intercompany expense (income) - net	62			(46		)	147			(163		)	—			—
Income (loss) before income taxes	171			(405		)	457			429			(595		)	57
Income tax (benefit) expense	—			(229		)	78			37			(1		)	(115		)
Net income (loss)	171			(176		)	379			392			(594		)	172
Less net income for    noncontrolling interests	—			—			—			(1		)	—			(1		)
Net income (loss) attributable to    Eaton ordinary shareholders	$	171		$	(176	)	$	379		$	391		$	(594	)	$	171
Other comprehensive income	$	83		$	36		$	88		$	126		$	(250	)	$	83
Total comprehensive income    (loss) attributable to    Eaton ordinary shareholders	$	254		$	(140	)	$	467		$	517		$	(844	)	$	254

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED JUNE 30, 2013
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net sales	$	—		$	1,743		$	1,626		$	3,420		$	(1,187	)	$	5,602
Cost of products sold	—			1,353			1,179			2,525			(1,187		)	3,870
Selling and administrative expense	2			360			183			415			—			960
Research and development expense	—			64			51			46			—			161
Interest expense (income) - net	—			69			7			(5		)	—			71
Other expense (income) - net	—			19			14			(27		)	—			6
Equity in (earnings) loss of    subsidiaries, net of tax	(569		)	(299		)	395			(239		)	712			—
Intercompany expense (income) - net	61			(112		)	(860		)	911			—			—
Income (loss) before income taxes	506			289			657			(206		)	(712		)	534
Income tax expense (benefit)	12			(43		)	20			48			—			37
Net income (loss)	494			332			637			(254		)	(712		)	497
Less net income for    noncontrolling interests	—			—			—			(3		)	—			(3		)
Net income (loss) attributable to    Eaton ordinary shareholders	$	494		$	332		$	637		$	(257	)	$	(712	)	$	494
Other comprehensive loss	$	(72	)	$	(42	)	$	(70	)	$	(180	)	$	292		$	(72	)
Total comprehensive income    (loss) attributable to    Eaton ordinary shareholders	$	422		$	290		$	567		$	(437	)	$	(420	)	$	422

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2014
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net sales	$	—		$	3,417		$	3,420		$	6,645		$	(2,223	)	$	11,259
Cost of products sold	—			2,720			2,506			4,865			(2,208		)	7,883
Selling and administrative expense	—			731			393			822			—			1,946
Litigation settlements	—			644			—			—			—			644
Research and development expense	—			122			102			106			—			330
Interest expense (income) - net	—			114			13			(14		)	4			117
Other income - net	—			(45		)	(92		)	(34		)	—			(171		)
Equity in (earnings) loss of    subsidiaries, net of tax	(700		)	(465		)	(754		)	(34		)	1,953			—
Intercompany expense (income) - net	90			(117		)	267			(240		)	—			—
Income (loss) before income taxes	610			(287		)	985			1,174			(1,972		)	510
Income tax (benefit) expense	—			(254		)	71			86			(6		)	(103		)
Net income (loss)	610			(33		)	914			1,088			(1,966		)	613
Less net income for    noncontrolling interests	—			—			—			(3		)	—			(3		)
Net income (loss) attributable to    Eaton ordinary shareholders	$	610		$	(33	)	$	914		$	1,085		$	(1,966	)	$	610
Other comprehensive income	$	86		$	64		$	111		$	111		$	(286	)	$	86
Total comprehensive income   attributable to Eaton   ordinary shareholders	$	696		$	31		$	1,025		$	1,196		$	(2,252	)	$	696

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED JUNE 30, 2013
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net sales	$	—		$	3,331		$	3,199		$	6,693		$	(2,311	)	$	10,912
Cost of products sold	—			2,592			2,374			4,950			(2,311		)	7,605
Selling and administrative expense	4			701			381			832			—			1,918
Research and development expense	—			122			98			93			—			313
Interest expense (income) - net	—			143			14			(11		)	—			146
Other expense (income) - net	—			14			22			(40		)	—			(4		)
Equity in (earnings) loss of    subsidiaries, net of tax	(1,013		)	(608		)	(172		)	(405		)	2,198			—
Intercompany expense (income) - net	125			(214		)	(684		)	773			—			—
Income before income taxes	884			581			1,166			501			(2,198		)	934
Income tax expense (benefit)	12			(45		)	(17		)	107			—			57
Net income	872			626			1,183			394			(2,198		)	877
Less net income for    noncontrolling interests	—			—			—			(5		)	—			(5		)
Net income attributable to    Eaton ordinary shareholders	$	872		$	626		$	1,183		$	389		$	(2,198	)	$	872
Other comprehensive loss	$	(306	)	$	(64	)	$	(303	)	$	(571	)	$	938		$	(306	)
Total comprehensive income    (loss) attributable to    Eaton ordinary shareholders	$	566		$	562		$	880		$	(182	)	$	(1,260	)	$	566

CONDENSED CONSOLIDATING BALANCE SHEETS JUNE 30, 2014
	Eaton Corporation plc		Eaton Corporation		Guarantors		Other subsidiaries		Consolidating adjustments			Total
Assets
Current assets
Cash	$	20	$	45	$	20	$	546	$	—		$	631
Short-term investments	—		—		289		345		—			634
Accounts receivable - net	—		530		1,026		2,454		—			4,010
Intercompany accounts    receivable	12		708		3,557		6,027		(10,304		)	—
Inventory	—		384		651		1,550		(51		)	2,534
Prepaid expenses and    other current assets	—		480		135		398		16			1,029
Total current assets	32		2,147		5,678		11,320		(10,339		)	8,838
Property, plant and    equipment - net	—		960		754		2,079		—			3,793
Other noncurrent assets
Goodwill	—		1,355		6,243		6,779		—			14,377
Other intangible assets	—		203		3,902		2,871		—			6,976
Deferred income taxes	—		1,024		7		149		(938		)	242
Investment in subsidiaries	25,743		9,333		41,553		9,000		(85,629		)	—
Intercompany loans receivable	—		8,037		2,399		20,279		(30,715		)	—
Other assets	—		449		141		442		—			1,032
Total assets	$	25,775	$	23,508	$	60,677	$	52,919	$	(127,621	)	$	35,258
Liabilities and    shareholders’ equity
Current liabilities
Short-term debt	$	—	$	—	$	—	$	2	$	—		$	2
Current portion of    long-term debt	—		103		310		3		—			416
Accounts payable	—		491		406		1,147		—			2,044
Intercompany accounts payable	35		3,861		3,155		3,253		(10,304		)	—
Accrued compensation	—		62		50		261		—			373
Other current liabilities	1		1,313		326		1,070		(2		)	2,708
Total current liabilities	36		5,830		4,247		5,736		(10,306		)	5,543
Noncurrent liabilities
Long-term debt	—		7,659		942		16		(2		)	8,615
Pension liabilities	—		382		82		758		—			1,222
Other postretirement    benefits liabilities	—		402		171		95		—			668
Deferred income taxes	—		—		1,265		720		(938		)	1,047
Intercompany loans payable	8,757		2,869		18,228		861		(30,715		)	—
Other noncurrent liabilities	—		500		158		463		—			1,121
Total noncurrent liabilities	8,757		11,812		20,846		2,913		(31,655		)	12,673
Shareholders’ equity
Eaton shareholders' equity	16,982		5,866		35,584		44,216		(85,666		)	16,982
Noncontrolling interests	—		—		—		54		6			60
Total equity	16,982		5,866		35,584		44,270		(85,660		)	17,042
Total liabilities and equity	$	25,775	$	23,508	$	60,677	$	52,919	$	(127,621	)	$	35,258

CONDENSED CONSOLIDATING BALANCE SHEETS DECEMBER 31, 2013
	Eaton Corporation plc		Eaton Corporation		Guarantors		Other subsidiaries		Consolidating adjustments			Total
Assets
Current assets
Cash	$	3	$	51	$	10	$	851	$	—		$	915
Short-term investments	—		—		134		660		—			794
Accounts receivable - net	—		473		922		2,253		—			3,648
Intercompany accounts    receivable	5		471		3,368		4,470		(8,314		)	—
Inventory	—		344		609		1,466		(37		)	2,382
Prepaid expenses and    other current assets	—		458		175		350		9			992
Total current assets	8		1,797		5,218		10,050		(8,342		)	8,731
Property, plant and    equipment - net	—		982		761		2,090		—			3,833
Other noncurrent assets
Goodwill	—		1,382		6,350		6,763		—			14,495
Other intangible assets	—		211		3,996		2,979		—			7,186
Deferred income taxes	—		839		3		145		(747		)	240
Investment in subsidiaries	24,940		8,853		40,776		8,473		(83,042		)	—
Intercompany loans receivable	—		8,019		2,518		18,776		(29,313		)	—
Other assets	—		450		186		370		—			1,006
Total assets	$	24,948	$	22,533	$	59,808	$	49,646	$	(121,444	)	$	35,491
Liabilities and    shareholders’ equity
Current liabilities
Short-term debt	$	—	$	—	$	—	$	13	$	—		$	13
Current portion of    long-term debt	—		552		—		15		—			567
Accounts payable	—		440		380		1,140		—			1,960
Intercompany accounts payable	4		3,751		3,288		1,271		(8,314		)	—
Accrued compensation	—		140		37		284		—			461
Other current liabilities	5		547		400		965		(4		)	1,913
Total current liabilities	9		5,430		4,105		3,688		(8,318		)	4,914
Noncurrent liabilities
Long-term debt	—		7,693		1,266		16		(6		)	8,969
Pension liabilities	—		546		131		788		—			1,465
Other postretirement    benefits liabilities	—		402		171		95		—			668
Deferred income taxes	—		—		1,303		757		(747		)	1,313
Intercompany loans payable	8,148		2,113		18,207		845		(29,313		)	—
Other noncurrent liabilities	—		652		162		485		—			1,299
Total noncurrent liabilities	8,148		11,406		21,240		2,986		(30,066		)	13,714
Shareholders’ equity
Eaton shareholders' equity	16,791		5,697		34,463		42,906		(83,066		)	16,791
Noncontrolling interests	—		—		—		66		6			72
Total equity	16,791		5,697		34,463		42,972		(83,060		)	16,863
Total liabilities and equity	$	24,948	$	22,533	$	59,808	$	49,646	$	(121,444	)	$	35,491

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2014
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net cash provided by (used in)    operating activities	$	52		$	(273	)	$	7		$	859		$	—		$	645
Investing activities
Capital expenditures for property,    plant and equipment	—			(51		)	(61		)	(124		)	—			(236		)
(Purchases) sales of short-term    investments - net	—			—			(155		)	317			—			162
Loans to affiliates	—			(151		)	—			(3,191		)	3,342			—
Repayments of loans from affiliates	—			176			187			2,454			(2,817		)	—
Proceeds from sale of business	—			93			175			5			—			273
Other - net	—			(26		)	5			(30		)	—			(51		)
Net cash provided by (used in)    investing activities	—			41			151			(569		)	525			148
Financing activities
Payments on borrowings	—			(551		)	(1		)	(24		)	—			(576		)
Proceeds from borrowings from    affiliates	327			2,754			254			7			(3,342		)	—
Payments on borrowings from    affiliates	(15		)	(2,125		)	(320		)	(357		)	2,817			—
Other intercompany    financing activities	219			84			(81		)	(222		)	—			—
Cash dividends paid	(467		)	—			—			—			—			(467		)
Exercise of employee stock options	—			44			—			—			—			44
Repurchase of shares	(99		)	—			—			—			—			(99		)
Excess tax benefit from    equity-based compensation	—			20			—			—			—			20
Net cash (used in) provided by    financing activities	(35		)	226			(148		)	(596		)	(525		)	(1,078		)
Effect of currency on cash	—			—			—			1			—			1
Total increase (decrease) in cash	17			(6		)	10			(305		)	—			(284		)
Cash at the beginning of the period	3			51			10			851			—			915
Cash at the end of the period	$	20		$	45		$	20		$	546		$	—		$	631

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2013
	Eaton Corporation plc			Eaton Corporation			Guarantors			Other subsidiaries			Consolidating adjustments			Total
Net cash provided by (used in)    operating activities	$	71		$	234		$	557		$	(151	)	$	(2	)	$	709
Investing activities
Capital expenditures for property,    plant and equipment	—			(86		)	(34		)	(131		)	—			(251		)
Sales of short-term investments - net	—			25			21			102			—			148
Loans to affiliates	—			(50		)	—			(1,912		)	1,962			—
Repayments of loans from affiliates	—			28			88			1,876			(1,992		)	—
Proceeds from sale of business	—			—			—			761			—			761
Other - net	—			(18		)	(13		)	(21		)	—			(52		)
Net cash (used in) provided by    investing activities	—			(101		)	62			675			(30		)	606
Financing activities
Proceeds from borrowings	—			17			—			11			—			28
Payments on borrowings	—			(972		)	(1		)	(4		)	—			(977		)
Proceeds from borrowings from    affiliates	—			1,560			352			50			(1,962		)	—
Payments on borrowings from    affiliates	—			(1,688		)	(188		)	(116		)	1,992			—
Other intercompany    financing activities	323			840			(789		)	(374		)	—			—
Cash dividends paid	(397		)	—			—			—			—			(397		)
Cash dividends paid to affiliates	—			—			—			(2		)	2			—
Exercise of employee stock options	—			78			—			—			—			78
Excess tax benefit from    equity-based compensation	—			22			—			—			—			22
Other - net	—			—			—			(4		)	—			(4		)
Net cash used in financing activities	(74		)	(143		)	(626		)	(439		)	32			(1,250		)
Effect of currency on cash	—			—			—			(14		)	—			(14		)
Total (decrease) increase in cash	(3		)	(10		)	(7		)	71			—			51
Cash at the beginning of the period	7			54			14			502			—			577
Cash at the end of the period	$	4		$	44		$	7		$	573		$	—		$	628

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Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Assets
Cash	$ 631	$ 915
Short-term investments	634	794
Accounts receivable - net	4,010	3,648
Inventory	2,534	2,382
Deferred income taxes	552	577
Prepaid expenses and other current assets	477	415
Total current assets	8,838	8,731
Property, plant and equipment - net	3,793	3,833
Other noncurrent assets
Goodwill	14,377	14,495
Other intangible assets	6,976	7,186
Deferred income taxes	242	240
Other assets	1,032	1,006
Total assets	35,258	35,491
Current liabilities
Short-term debt	2	13
Current portion of long-term debt	416	567
Accounts payable	2,044	1,960
Accrued compensation	373	461
Other current liabilities	2,708	1,913
Total current liabilities	5,543	4,914
Noncurrent liabilities
Long-term debt	8,615	8,969
Pension liabilities	1,222	1,465
Other postretirement benefits liabilities	668	668
Deferred income taxes	1,047	1,313
Other noncurrent liabilities	1,121	1,299
Total noncurrent liabilities	12,673	13,714
Shareholders' equity
Eaton shareholders' equity	16,982	16,791
Noncontrolling interests	60	72
Total equity	17,042	16,863
Total liabilities and equity	$ 35,258	$ 35,491

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Income Taxes

6 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

The effective income tax rate for the second quarter and first six months of 2014 was a benefit of 203% and 20%, respectively, compared to expense of 7% and 6% for the second quarter and first six months of 2013, respectively. Excluding the litigation settlements and related legal costs, as well as the gain on the sale of Eaton's Aerospace Power Distribution Management Solutions and Integrated Cockpit Solutions businesses, which represents a total pre-tax expense of $494 and occurred in the second quarter of 2014, the effective income tax rate was expense of 8% for the second quarter of 2014 compared to 7% for the second quarter of 2013 and 6% for the first six months of 2014 and 2013. See Note 6 and Note 2 for additional information about legal contingencies and the sale of businesses, respectively.

During the next 12 months, the Company expects to reduce its uncertain tax position related to an international tax settlement by $43 as the result of negotiations with a government outside of Ireland and the United States. Resolution of this issue is not expected to have a material impact on the Company’s consolidated financial statements.

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Legal Contingencies

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

LEGAL CONTINGENCIES

LEGAL CONTINGENCIES

Eaton is subject to a broad range of claims, administrative and legal proceedings such as lawsuits that relate to contractual allegations, tax audits, patent infringement, personal injuries, antitrust matters and employment-related matters. Eaton is also subject to asbestos claims from historic products which may have contained asbestos. Historically, significant insurance coverage has been available to cover costs associated with these claims. Although it is not possible to predict with certainty the outcome or cost of these matters, the Company believes they will not have a material adverse effect on the consolidated financial statements.

In December 2010, a Brazilian court held that a judgment obtained by a Brazilian company, Raysul, against another Brazilian company, Saturnia, which was sold by Eaton in 2006, could be enforced against Eaton Ltda. This judgment is based on an alleged violation of an agency agreement between Raysul and Saturnia. At June 30, 2014, the Company has a total accrual of 80 Brazilian Reais related to this matter ($36 based on current exchange rates), comprised of 60 Brazilian Reais recognized in the fourth quarter of 2010 ($27 based on current exchange rates) with an additional 20 Brazilian Reais recognized through June 30, 2014 ($9 based on current exchange rates). In 2010, Eaton filed motions for clarification with the Brazilian court of appeals which were denied on April 6, 2011. Eaton Holding and Eaton Ltda. filed appeals on various issues to the Superior Court of Justice in Brasilia. In April 2013, the Superior Court of Justice ruled in favor of Raysul. Additional motions for clarification have been filed with the Superior Court of Justice in Brasilia and an additional appeal is being considered. The Company expects that any sum it may be required to pay in connection with this matter will not exceed the amount of the recorded liability.

On October 5, 2006, ZF Meritor LLC and Meritor Transmission Corporation (collectively, Meritor) filed an action against Eaton in the United States District Court for Delaware. The action sought damages, which would be trebled under United States antitrust laws, as well as injunctive relief and costs. The suit alleged that Eaton engaged in anti-competitive conduct against Meritor in the sale of heavy-duty truck transmissions in North America. On June 23, 2014, Eaton announced it signed a settlement agreement with Meritor in the amount of $500 that resolved the lawsuit and removed the uncertainty of a trial and appeal process. On July 16, 2014, Eaton paid Meritor the $500.

Frisby Corporation, now known as Triumph Actuation Systems, LLC, and other claimants (collectively, Triumph) asserted claims alleging, among other things, unfair competition, defamation, malicious prosecution, deprivation of civil rights, and antitrust in the Hinds County Circuit Court of Mississippi in 2004 and in the Federal District Court of North Carolina in 2011. Eaton had asserted claims against Triumph regarding improper use of trade secrets and these claims were dismissed by the Hinds County Circuit Court. On June 18, 2014, Eaton announced it signed a settlement agreement with Triumph in the amount of $147.5 that resolved all claims and lawsuits and removed the uncertainty of a trial and appeal process. On July 8, 2014, Eaton paid Triumph the $147.5.

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Retirement Benefits Plans (Tables)

6 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Retirement benefits plans expense

The components of retirement benefits expense follow:

	United States pension benefit expense						Non-United States pension benefit expense						Other postretirement benefits expense
	Three months ended June 30
	2014			2013			2014			2013			2014			2013
Service cost	$	29		$	32		$	17		$	15		$	5		$	5
Interest cost	41			37			22			19			10			8
Expected return on plan assets	(62		)	(56		)	(25		)	(21		)	(2		)	(1		)
Amortization	23			33			7			7			2			4
	31			46			21			20			15			16
Settlement loss	14			10			—			—			—			—
Total expense	$	45		$	56		$	21		$	20		$	15		$	16

	United States pension benefit expense						Non-United States pension benefit expense						Other postretirement benefits expense
	Six months ended June 30
	2014			2013			2014			2013			2014			2013
Service cost	$	58		$	64		$	33		$	30		$	9		$	10
Interest cost	81			74			44			39			19			17
Expected return on plan assets	(123		)	(113		)	(50		)	(42		)	(3		)	(3		)
Amortization	46			66			14			14			4			7
	62			91			41			41			29			31
Settlement loss	48			16			—			—			—			—
Total expense	$	110		$	107		$	41		$	41		$	29		$	31

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Basis of Presentation Basis of Presentation (Policies)

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Business Description and Basis of Presentation [Text Block]

The accompanying unaudited condensed consolidated financial statements of Eaton Corporation plc (Eaton or the Company) have been prepared in accordance with generally accepted accounting principles for interim financial information, the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles (US GAAP) for complete financial statements. However, in the opinion of management, all adjustments (consisting of normal recurring accruals) have been made that are necessary for a fair presentation of the condensed consolidated financial statements for the interim periods.

This Form 10-Q should be read in conjunction with the consolidated financial statements and related notes included in Eaton’s 2013 Form 10-K. The interim period results are not necessarily indicative of the results to be expected for the full year. Management has evaluated subsequent events through the date this Form 10-Q was filed with the Securities Exchange Commission.

Reclassifications [Policy Text Block]

Certain prior year amounts have been reclassified to conform to the current year presentation.

Recently Issued Accounting Pronouncements [Policy Text Block]

Recently Issued Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (ASU 2014-09). This accounting standard supersedes all existing US GAAP revenue recognition guidance. Under ASU 2014-09, a company will recognize revenue when it transfers the control of promised goods or services to customers in an amount that reflects the consideration which the company expects to collect in exchange for those goods or services. ASU 2014-09 will require additional disclosures in the notes to the consolidated financial statements and is effective for annual and interim reporting periods beginning after December 15, 2016. Eaton is evaluating the impact of ASU 2014-09 and an estimate of the impact to the consolidated financial statements cannot be made at this time.

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Derivative Financial Instruments and Hedging Activities

6 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES

In the normal course of business, Eaton is exposed to certain risks related to fluctuations in interest rates, currency exchange rates and commodity prices. The Company uses various derivative and non-derivative financial instruments, primarily interest rate swaps, currency forward exchange contracts, currency swaps and, to a lesser extent, commodity contracts, to manage risks from these market fluctuations. The instruments used by Eaton are straightforward, non-leveraged instruments. The counterparties to these instruments are financial institutions with strong credit ratings. Eaton maintains control over the size of positions entered into with any one counterparty and regularly monitors the credit rating of these institutions. Such instruments are not purchased and sold for trading purposes.

Derivative financial instruments are accounted for at fair value and recognized as assets or liabilities in the Condensed Consolidated Balance Sheets. Accounting for the gain or loss resulting from the change in the fair value of the derivative financial instrument depends on whether it has been designated, and is effective, as part of a hedging relationship and, if so, as to the nature of the hedging activity. Eaton formally documents all relationships between derivative financial instruments accounted for as designated hedges and the hedged item, as well as its risk-management objective and strategy for undertaking the hedge transaction. This process includes linking derivative financial instruments to a recognized asset or liability, specific firm commitment, forecasted transaction, or net investment in a foreign operation. These financial instruments can be designated as:

• Hedges of the change in the fair value of a recognized fixed-rate asset or liability, or the firm commitment to acquire such an asset or liability (a fair value hedge); for these hedges, the gain or loss from the derivative financial instrument, as well as the offsetting loss or gain on the hedged item attributable to the hedged risk, are recognized in income during the period of change in fair value.

• Hedges of the variable cash flows of a recognized variable-rate asset or liability, or the forecasted acquisition of such an asset or liability (a cash flow hedge); for these hedges, the effective portion of the gain or loss from the derivative financial instrument is recognized in Accumulated other comprehensive loss and reclassified to income in the same period when the gain or loss on the hedged item is included in income.

• Hedges of the currency exposure related to a net investment in a foreign operation (a net investment hedge); for these hedges, the effective portion of the gain or loss from the derivative financial instrument is recognized in Accumulated other comprehensive loss and reclassified to income in the same period when the gain or loss related to the net investment in the foreign operation is included in income.

The gain or loss from a derivative financial instrument designated as a hedge that is effective is classified in the same line of the Consolidated Statements of Income as the offsetting loss or gain on the hedged item. The change in fair value of a derivative financial instrument that is not effective as a hedge is immediately recognized in income.

For derivatives that are not designated as a hedge, any gain or loss is immediately recognized in income. The majority of derivatives used in this manner relate to risks resulting from assets or liabilities denominated in a foreign currency and certain commodity contracts that arise in the normal course of business. Gains and losses associated with commodity hedge contracts are classified in Cost of products sold.

Eaton uses certain of its debt denominated in foreign currency to hedge portions of its net investments in foreign operations against foreign currency exposure (net investment hedges). Foreign currency denominated debt designated on an after-tax basis as non-derivative net investment hedging instruments was $99 and $95 at June 30, 2014 and December 31, 2013, respectively.

Derivative Financial Statement Impacts

The fair value of derivative financial instruments recognized in the Condensed Consolidated Balance Sheets follows:

	Notional amount		Other  current assets		Other long-term assets		Other current liabilities		Other long-term liabilities		Type of hedge	Term
June 30, 2014
Derivatives designated as hedges
Fixed-to-floating interest rate swaps	$	3,440	$	—	$	60	$	—	$	26	Fair value	3 to 20 years
Currency exchange contracts	490		14		—		4		—		Cash flow	1 to 36 months
Commodity contracts	1		—		—		—		—		Cash flow	1 to 12 months
Total			$	14	$	60	$	4	$	26
Derivatives not designated as hedges
Currency exchange contracts	$	4,894	$	18			$	19				1 to 12 months
Commodity contracts	14		—				—					1 to 12 months
Total			$	18			$	19
December 31, 2013
Derivatives designated as hedges
Fixed-to-floating interest rate swaps	$	3,090	$	1	$	36	$	—	$	76	Fair value	3 months to 20 years
Floating-to-fixed interest rate swaps	300		—		—		1		—		Cash flow	6 months
Currency exchange contracts	393		12		—		3		—		Cash flow	12 to 36 months
Commodity contracts	1		—		—		—		—		Cash flow	1 to 12 months
Total			$	13	$	36	$	4	$	76
Derivatives not designated as hedges
Currency exchange contracts	$	4,277	$	22			$	26				1 to 12 months
Total			$	22			$	26

The currency exchange contracts shown in the table above as derivatives not designated as hedges are primarily contracts entered into to manage currency volatility or exposure on intercompany sales and loans. While Eaton does not elect hedge accounting treatment for these derivatives, Eaton targets managing 100% of the intercompany balance sheet exposure to minimize the effect of currency volatility related to the movement of goods and services in the normal course of its operations. This activity represents the great majority of these currency exchange contracts.

Amounts recognized in Accumulated other comprehensive income (loss) follow:

	Three months ended June 30
	2014					2013
	Gain (loss) recognized in Accumulated other comprehensive income (loss)		Gain (loss) reclassified from Accumulated other comprehensive income (loss)			Gain (loss) recognized in Accumulated other comprehensive income (loss)			Gain (loss) reclassified from Accumulated other comprehensive income (loss)
Derivatives designated as cash flow hedges
Floating-to-fixed interest rate swaps	$	—	$	(1	)	$	—		$	(1	)
Currency exchange contracts	3		2			1			—
Commodity contracts	—		—			(1		)	(1		)
Total	$	3	$	1		$	—		$	(2	)

	Six months ended June 30
	2014					2013
	Gain (loss) recognized in Accumulated other comprehensive income (loss)		Gain (loss) reclassified from Accumulated other comprehensive income (loss)			Gain (loss) recognized in Accumulated other comprehensive income (loss)			Gain (loss) reclassified from Accumulated other comprehensive income (loss)
Derivatives designated as cash flow hedges
Floating-to-fixed interest rate swaps	$	—	$	(1	)	$	—		$	(1	)
Currency exchange contracts	5		4			(8		)	1
Commodity contracts	—		—			(1		)	(1		)
Total	$	5	$	3		$	(9	)	$	(1	)

Gains and losses reclassified from Accumulated other comprehensive income (loss) to the Consolidated Statements of Income were recognized in Cost of products sold and Interest expense - net.

Amounts recognized in net income follow:

	Three months ended June 30						Six months ended June 30
	2014			2013			2014			2013
Derivatives designated as fair value hedges
Fixed-to-floating interest rate swaps	$	44		$	(80	)	$	73		$	(88	)
Related long-term debt converted to floating interest    rates by interest rate swaps	(44		)	80			(73		)	88
	$	—		$	—		$	—		$	—

Gains and losses described above were recognized in Interest expense - net.

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Equity

6 Months Ended

Jun. 30, 2014

Stockholders' Equity Note [Abstract]

EQUITY

EQUITY

Eaton has an ordinary share repurchase program (2013 Program) that authorizes the repurchase of 40 million ordinary shares. During the second quarter of 2014, 1.4 million ordinary shares were repurchased under the 2013 Program in the open market at a total cost of $99.

The changes in Shareholders’ equity follow:

	Eaton shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2013	$	16,791		$	72		$	16,863
Net income	610			3			613
Other comprehensive income	86			—			86
Cash dividends paid	(467		)	—			(467		)
Issuance of shares under equity-based compensation plans - net	78			—			78
Repurchase of shares	(99		)	—			(99		)
Change in capital	(17		)	(15		)	(32		)
Balance at June 30, 2014	$	16,982		$	60		$	17,042

The changes in Accumulated other comprehensive (loss) income follow:

	Currency translation and related hedging instruments			Pensions and other postretirement benefits			Cash flow hedges			Total
Balance at December 31, 2013	$	(395	)	$	(1,170	)	$	5		$	(1,560	)
Other comprehensive (loss) income     before reclassifications	11			3			4			18
Amounts reclassified from Accumulated other    comprehensive (loss) income	—			70			(2		)	68
Net current-period other comprehensive    (loss) income	11			73			2			86
Balance at June 30, 2014	$	(384	)	$	(1,097	)	$	7		$	(1,474	)

The reclassifications out of Accumulated other comprehensive loss follow:

	Six months ended June 30, 2014			Consolidated Statements of Income classification
Amortization of defined benefit pension items
Actuarial loss	$	(112	)	1
Tax benefit	42
Total, net of tax	(70		)
Gains (loss) on cash flow hedges
Floating-to-fixed interest rate swaps	(1		)	Interest expense - net
Currency exchange contracts	4			Cost of products sold
	3
Tax expense	(1		)
Total, net of tax	2
Total reclassifications for the period	$	(68	)

¹ These components of Accumulated other comprehensive loss are included in the computation of net periodic pension cost. See Note 5 for additional information about defined benefit pension items.

Net Income per Ordinary Share

A summary of the calculation of net income per ordinary share attributable to shareholders follows:

	Three months ended June 30				Six months ended June 30
(Shares in millions)	2014		2013		2014		2013
Net income attributable to Eaton ordinary shareholders	$	171	$	494	$	610	$	872
Weighted-average number of ordinary shares outstanding - diluted	478.5		476.3		478.7		475.7
Less dilutive effect of equity-based compensation	2.6		2.9		2.8		3.1
Weighted-average number of ordinary shares outstanding - basic	475.9		473.4		475.9		472.6
Net income per ordinary share
Diluted	$	0.36	$	1.04	$	1.27	$	1.83
Basic	0.36		1.04		1.28		1.84

For the second quarter and first six months of 2014, 0.5 million and 0.3 million stock options, respectively, were excluded from the calculation of diluted net income per ordinary share because the exercise price of the options exceeded the average market price of the ordinary shares during the period and their effect, accordingly, would have been antidilutive. For the second quarter and first six months 2013, 0.2 million and 0.1 million stock options, respectively, were excluded from the calculation of diluted net income per ordinary share because the exercise price of the options exceeded the average market price of the ordinary shares during the period and their effect, accordingly, would have been antidilutive.

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Fair Value Measurements

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

Fair value is measured based on an exit price, representing the amount that would be received to sell an asset or paid to satisfy a liability in an orderly transaction between market participants. Fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, a fair value hierarchy is established, which categorizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

A summary of financial instruments recognized at fair value, and the fair value measurements used, follows:

	Total			Quoted prices in active markets for identical assets (Level 1)		Other observable inputs (Level 2)			Unobservable inputs (Level 3)
June 30, 2014
Cash	$	631		$	631	$	—		$	—
Short-term investments	634			634		—			—
Net derivative contracts	43			—		43			—
Long-term debt converted to floating interest rates by    interest rate swaps - net	34			—		34			—
December 31, 2013
Cash	$	915		$	915	$	—		$	—
Short-term investments	794			794		—			—
Net derivative contracts	(35		)	—		(35		)	—
Long-term debt converted to floating interest rates by    interest rate swaps - net	(39		)	—		(39		)	—

Eaton values its financial instruments using an industry standard market approach, in which prices and other relevant information is generated by market transactions involving identical or comparable assets or liabilities. No financial instruments were recognized using unobservable inputs.

Other Fair Value Measurements

Long-term debt and the current portion of long-term debt had a carrying value of $9,031 and fair value of $9,444 at June 30, 2014 compared to $9,536 and $9,665, respectively, at December 31, 2013. The fair value of Eaton's debt instruments were estimated using prevailing market interest rates on debt with similar creditworthiness, terms and maturities and are considered a Level 2 fair value measurement.

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Inventory

6 Months Ended

Jun. 30, 2014

Inventory Disclosure [Abstract]

INVENTORY

INVENTORY

The components of inventory follow:

	June 30, 2014			December 31, 2013
Raw materials	$	1,082		$	955
Work-in-process	343			428
Finished goods	1,229			1,115
Inventory at FIFO	2,654			2,498
Excess of FIFO over LIFO cost	(120		)	(116		)
Total inventory	$	2,534		$	2,382

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Goodwill (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Goodwill [Line Items]
Goodwill	$ 14,377	$ 14,495
Electrical Products [Member]
Goodwill [Line Items]
Goodwill	7,191	7,189
Electrical Systems and Services [Member]
Goodwill [Line Items]
Goodwill	4,467	4,517
Hydraulics [Member]
Goodwill [Line Items]
Goodwill	1,389	1,385
Aerospace [Member]
Goodwill [Line Items]
Goodwill	973	1,048
Vehicle [Member]
Goodwill [Line Items]
Goodwill	$ 357	$ 356

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Condensed Consolidating Financial Information Condensed Consolidating Balance Sheets (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
Condensed Consolidating Balance Sheets, Captions [Line Items]
Cash	$ 631	$ 915	$ 628	$ 577
Short-term investments	634	794
Accounts receivable - net	4,010	3,648
Intercompany accounts receivable	0	0
Inventory	2,534	2,382
Prepaid expenses other current assets	1,029	992
Total current assets	8,838	8,731
Property, plant and equipment - net	3,793	3,833
Goodwill	14,377	14,495
Other intangible assets	6,976	7,186
Deferred income taxes	242	240
Investment in subsidiaries	0	0
Intercompany loans receivables	0	0
Other assets	1,032	1,006
Total assets	35,258	35,491
Short-term debt	2	13
Current portion of long-term debt	416	567
Accounts payable	2,044	1,960
Intercompany accounts payable	0	0
Accrued compensation	373	461
Other current liabilities	2,708	1,913
Total current liabilities	5,543	4,914
Long-term debt	8,615	8,969
Pension liabilities	1,222	1,465
Other postretirement benefits liabilities	668	668
Deferred income taxes	1,047	1,313
Intercompany loans payable	0	0
Other noncurrent liabilities	1,121	1,299
Total noncurrent liabilities	12,673	13,714
Eaton shareholders' equity	16,982	16,791
Noncontrolling interests	60	72
Total equity	17,042	16,863
Total liabilities and equity	35,258	35,491
Eaton Corporation plc [Member]
Condensed Consolidating Balance Sheets, Captions [Line Items]
Cash	20	3	4	7
Short-term investments	0	0
Accounts receivable - net	0	0
Intercompany accounts receivable	12	5
Inventory	0	0
Prepaid expenses other current assets	0	0
Total current assets	32	8
Property, plant and equipment - net	0	0
Goodwill	0	0
Other intangible assets	0	0
Deferred income taxes	0	0
Investment in subsidiaries	25,743	24,940
Intercompany loans receivables	0	0
Other assets	0	0
Total assets	25,775	24,948
Short-term debt	0	0
Current portion of long-term debt	0	0
Accounts payable	0	0
Intercompany accounts payable	35	4
Accrued compensation	0	0
Other current liabilities	1	5
Total current liabilities	36	9
Long-term debt	0	0
Pension liabilities	0	0
Other postretirement benefits liabilities	0	0
Deferred income taxes	0	0
Intercompany loans payable	8,757	8,148
Other noncurrent liabilities	0	0
Total noncurrent liabilities	8,757	8,148
Eaton shareholders' equity	16,982	16,791
Noncontrolling interests	0	0
Total equity	16,982	16,791
Total liabilities and equity	25,775	24,948
Eaton Corporation [Member]
Condensed Consolidating Balance Sheets, Captions [Line Items]
Cash	45	51	44	54
Short-term investments	0	0
Accounts receivable - net	530	473
Intercompany accounts receivable	708	471
Inventory	384	344
Prepaid expenses other current assets	480	458
Total current assets	2,147	1,797
Property, plant and equipment - net	960	982
Goodwill	1,355	1,382
Other intangible assets	203	211
Deferred income taxes	1,024	839
Investment in subsidiaries	9,333	8,853
Intercompany loans receivables	8,037	8,019
Other assets	449	450
Total assets	23,508	22,533
Short-term debt	0	0
Current portion of long-term debt	103	552
Accounts payable	491	440
Intercompany accounts payable	3,861	3,751
Accrued compensation	62	140
Other current liabilities	1,313	547
Total current liabilities	5,830	5,430
Long-term debt	7,659	7,693
Pension liabilities	382	546
Other postretirement benefits liabilities	402	402
Deferred income taxes	0	0
Intercompany loans payable	2,869	2,113
Other noncurrent liabilities	500	652
Total noncurrent liabilities	11,812	11,406
Eaton shareholders' equity	5,866	5,697
Noncontrolling interests	0	0
Total equity	5,866	5,697
Total liabilities and equity	23,508	22,533
Guarantors [Member]
Condensed Consolidating Balance Sheets, Captions [Line Items]
Cash	20	10	7	14
Short-term investments	289	134
Accounts receivable - net	1,026	922
Intercompany accounts receivable	3,557	3,368
Inventory	651	609
Prepaid expenses other current assets	135	175
Total current assets	5,678	5,218
Property, plant and equipment - net	754	761
Goodwill	6,243	6,350
Other intangible assets	3,902	3,996
Deferred income taxes	7	3
Investment in subsidiaries	41,553	40,776
Intercompany loans receivables	2,399	2,518
Other assets	141	186
Total assets	60,677	59,808
Short-term debt	0	0
Current portion of long-term debt	310	0
Accounts payable	406	380
Intercompany accounts payable	3,155	3,288
Accrued compensation	50	37
Other current liabilities	326	400
Total current liabilities	4,247	4,105
Long-term debt	942	1,266
Pension liabilities	82	131
Other postretirement benefits liabilities	171	171
Deferred income taxes	1,265	1,303
Intercompany loans payable	18,228	18,207
Other noncurrent liabilities	158	162
Total noncurrent liabilities	20,846	21,240
Eaton shareholders' equity	35,584	34,463
Noncontrolling interests	0	0
Total equity	35,584	34,463
Total liabilities and equity	60,677	59,808
Other subsidiaries [Member]
Condensed Consolidating Balance Sheets, Captions [Line Items]
Cash	546	851	573	502
Short-term investments	345	660
Accounts receivable - net	2,454	2,253
Intercompany accounts receivable	6,027	4,470
Inventory	1,550	1,466
Prepaid expenses other current assets	398	350
Total current assets	11,320	10,050
Property, plant and equipment - net	2,079	2,090
Goodwill	6,779	6,763
Other intangible assets	2,871	2,979
Deferred income taxes	149	145
Investment in subsidiaries	9,000	8,473
Intercompany loans receivables	20,279	18,776
Other assets	442	370
Total assets	52,919	49,646
Short-term debt	2	13
Current portion of long-term debt	3	15
Accounts payable	1,147	1,140
Intercompany accounts payable	3,253	1,271
Accrued compensation	261	284
Other current liabilities	1,070	965
Total current liabilities	5,736	3,688
Long-term debt	16	16
Pension liabilities	758	788
Other postretirement benefits liabilities	95	95
Deferred income taxes	720	757
Intercompany loans payable	861	845
Other noncurrent liabilities	463	485
Total noncurrent liabilities	2,913	2,986
Eaton shareholders' equity	44,216	42,906
Noncontrolling interests	54	66
Total equity	44,270	42,972
Total liabilities and equity	52,919	49,646
Consolidating adjustments [Member]
Condensed Consolidating Balance Sheets, Captions [Line Items]
Cash	0	0	0	0
Short-term investments	0	0
Accounts receivable - net	0	0
Intercompany accounts receivable	(10,304)	(8,314)
Inventory	(51)	(37)
Prepaid expenses other current assets	16	9
Total current assets	(10,339)	(8,342)
Property, plant and equipment - net	0	0
Goodwill	0	0
Other intangible assets	0	0
Deferred income taxes	(938)	(747)
Investment in subsidiaries	(85,629)	(83,042)
Intercompany loans receivables	(30,715)	(29,313)
Other assets	0	0
Total assets	(127,621)	(121,444)
Short-term debt	0	0
Current portion of long-term debt	0	0
Accounts payable	0	0
Intercompany accounts payable	(10,304)	(8,314)
Accrued compensation	0	0
Other current liabilities	(2)	(4)
Total current liabilities	(10,306)	(8,318)
Long-term debt	(2)	(6)
Pension liabilities	0	0
Other postretirement benefits liabilities	0	0
Deferred income taxes	(938)	(747)
Intercompany loans payable	(30,715)	(29,313)
Other noncurrent liabilities	0	0
Total noncurrent liabilities	(31,655)	(30,066)
Eaton shareholders' equity	(85,666)	(83,066)
Noncontrolling interests	6	6
Total equity	(85,660)	(83,060)
Total liabilities and equity	$ (127,621)	$ (121,444)

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Acquisition Integration Charges and Transaction Costs (Tables)

6 Months Ended

Jun. 30, 2014

Acquisition Integration and Restructuring Charges [Abstract]

Acquisition integration charges and transaction costs

A summary of these charges follows:

	Three months ended June 30				Six months ended June 30
	2014		2013		2014		2013
Acquisition integration charges
Electrical Products	$	12	$	12	$	41	$	15
Electrical Systems and Services	13		11		39		16
Hydraulics	5		8		9		20
Total business segments	30		31		89		51
Corporate	7		6		14		12
Total acquisition integration charges	37		37		103		63
Transaction costs
Corporate	—		2		—		7
Total transaction costs	—		2		—		7
Total acquisition integration charges and transaction costs before income taxes	$	37	$	39	$	103	$	70
Total after income taxes	$	23	$	25	$	67	$	47
Per ordinary share - diluted	$	0.05	$	0.05	$	0.14	$	0.10

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Derivative Financial Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative financial instruments recognized in the Consolidated Balance Sheet

The fair value of derivative financial instruments recognized in the Condensed Consolidated Balance Sheets follows:

	Notional amount		Other  current assets		Other long-term assets		Other current liabilities		Other long-term liabilities		Type of hedge	Term
June 30, 2014
Derivatives designated as hedges
Fixed-to-floating interest rate swaps	$	3,440	$	—	$	60	$	—	$	26	Fair value	3 to 20 years
Currency exchange contracts	490		14		—		4		—		Cash flow	1 to 36 months
Commodity contracts	1		—		—		—		—		Cash flow	1 to 12 months
Total			$	14	$	60	$	4	$	26
Derivatives not designated as hedges
Currency exchange contracts	$	4,894	$	18			$	19				1 to 12 months
Commodity contracts	14		—				—					1 to 12 months
Total			$	18			$	19
December 31, 2013
Derivatives designated as hedges
Fixed-to-floating interest rate swaps	$	3,090	$	1	$	36	$	—	$	76	Fair value	3 months to 20 years
Floating-to-fixed interest rate swaps	300		—		—		1		—		Cash flow	6 months
Currency exchange contracts	393		12		—		3		—		Cash flow	12 to 36 months
Commodity contracts	1		—		—		—		—		Cash flow	1 to 12 months
Total			$	13	$	36	$	4	$	76
Derivatives not designated as hedges
Currency exchange contracts	$	4,277	$	22			$	26				1 to 12 months
Total			$	22			$	26

Amounts recognized in accumulated other comprehensive income (loss)

Amounts recognized in Accumulated other comprehensive income (loss) follow:

	Three months ended June 30
	2014					2013
	Gain (loss) recognized in Accumulated other comprehensive income (loss)		Gain (loss) reclassified from Accumulated other comprehensive income (loss)			Gain (loss) recognized in Accumulated other comprehensive income (loss)			Gain (loss) reclassified from Accumulated other comprehensive income (loss)
Derivatives designated as cash flow hedges
Floating-to-fixed interest rate swaps	$	—	$	(1	)	$	—		$	(1	)
Currency exchange contracts	3		2			1			—
Commodity contracts	—		—			(1		)	(1		)
Total	$	3	$	1		$	—		$	(2	)

	Six months ended June 30
	2014					2013
	Gain (loss) recognized in Accumulated other comprehensive income (loss)		Gain (loss) reclassified from Accumulated other comprehensive income (loss)			Gain (loss) recognized in Accumulated other comprehensive income (loss)			Gain (loss) reclassified from Accumulated other comprehensive income (loss)
Derivatives designated as cash flow hedges
Floating-to-fixed interest rate swaps	$	—	$	(1	)	$	—		$	(1	)
Currency exchange contracts	5		4			(8		)	1
Commodity contracts	—		—			(1		)	(1		)
Total	$	5	$	3		$	(9	)	$	(1	)

Amounts recognized in net income

Amounts recognized in net income follow:

	Three months ended June 30						Six months ended June 30
	2014			2013			2014			2013
Derivatives designated as fair value hedges
Fixed-to-floating interest rate swaps	$	44		$	(80	)	$	73		$	(88	)
Related long-term debt converted to floating interest    rates by interest rate swaps	(44		)	80			(73		)	88
	$	—		$	—		$	—		$	—

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Condensed Consolidating Financial Information (Details) (USD $) In Millions, unless otherwise specified	Nov. 20, 2012
Condensed Consolidating Financial Information [Abstract]
Issuance of senior notes	$ 4,900
Eaton Corp. and certain other subsidiaries guarantee of Senior Debt	100.00%

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Calculation of Net Income per Ordinary Share (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Calculation of net income per ordinary share attributable to ordinary shareholders
Net income attributable to Eaton ordinary shareholders	$ 171	$ 494	$ 610	$ 872
Weighted-average number of ordinary shares outstanding - diluted	478.5	476.3	478.7	475.7
Less dilutive effect of equity-based compensation	2.6	2.9	2.8	3.1
Weighted-average number of ordinary shares outstanding - basic	475.9	473.4	475.9	472.6
Stock options excluded from calculation of diluted net income per ordinary share	0.5	0.2	0.3	0.1
Net income per ordinary share
Diluted	$ 0.36	$ 1.04	$ 1.27	$ 1.83
Basic	$ 0.36	$ 1.04	$ 1.28	$ 1.84

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Condensed Consolidated Statements of Cash Flows (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Operating activities
Net income	$ 613	$ 877
Adjustments to reconcile to net cash provided by operating activities
Depreciation and amortization	499	490
Deferred income taxes	(256)	30
Pension and other postretirement benefits expense	180	179
Contributions to pension plans	(304)	(244)
Contributions to other postretirement benefits plans	(24)	(29)
Excess tax benefit from equity-based compensation	(20)	(22)
Gain on sale of businesses	(69)	(2)
Changes in working capital	116	(647)
Other - net	(90)	77
Net cash provided by operating activities	645	709
Investing activities
Capital expenditures for property, plant and equipment	(236)	(251)
Sales of short-term investments - net	162	148
Proceeds from sale of businesses	273	761
Other - net	(51)	(52)
Net cash provided by (used in) investing activities	148	606
Financing activities
Proceeds from borrowings	0	28
Payments on borrowings	(576)	(977)
Cash dividends paid	(467)	(397)
Exercise of employee stock options	44	78
Repurchase of shares	99	0
Excess tax benefit from equity-based compensation	20	22
Other - net	0	(4)
Net cash (used in) provided by financing activities	(1,078)	(1,250)
Effect of currency on cash	1	(14)
Total increase (decrease) in cash	(284)	51
Cash at the beginning of the period	915	577
Cash at the end of the period	$ 631	$ 628

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Retirement Benefits Plans

6 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

RETIREMENT BENEFITS PLANS

RETIREMENT BENEFITS PLANS

The components of retirement benefits expense follow:

	United States pension benefit expense						Non-United States pension benefit expense						Other postretirement benefits expense
	Three months ended June 30
	2014			2013			2014			2013			2014			2013
Service cost	$	29		$	32		$	17		$	15		$	5		$	5
Interest cost	41			37			22			19			10			8
Expected return on plan assets	(62		)	(56		)	(25		)	(21		)	(2		)	(1		)
Amortization	23			33			7			7			2			4
	31			46			21			20			15			16
Settlement loss	14			10			—			—			—			—
Total expense	$	45		$	56		$	21		$	20		$	15		$	16

	United States pension benefit expense						Non-United States pension benefit expense						Other postretirement benefits expense
	Six months ended June 30
	2014			2013			2014			2013			2014			2013
Service cost	$	58		$	64		$	33		$	30		$	9		$	10
Interest cost	81			74			44			39			19			17
Expected return on plan assets	(123		)	(113		)	(50		)	(42		)	(3		)	(3		)
Amortization	46			66			14			14			4			7
	62			91			41			41			29			31
Settlement loss	48			16			—			—			—			—
Total expense	$	110		$	107		$	41		$	41		$	29		$	31

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Inventory (Tables)

6 Months Ended

Jun. 30, 2014

Inventory Disclosure [Abstract]

Components of inventory

The components of inventory follow:

	June 30, 2014			December 31, 2013
Raw materials	$	1,082		$	955
Work-in-process	343			428
Finished goods	1,229			1,115
Inventory at FIFO	2,654			2,498
Excess of FIFO over LIFO cost	(120		)	(116		)
Total inventory	$	2,534		$	2,382

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Equity Changes in Shareholders's Equity (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	40		40
Stock Repurchased During Period, Shares	1.4
Changes in Shareholders' equity
Balance at December 31, 2013			$ 16,863
Net income	172	497	613	877
Other comprehensive income (loss)	83	(72)	86	(306)
Cash dividends paid			(467)
Issuance of shares under equity-based compensation plans - net			78
Repurchase of shares	(99)		(99)	0
Shareholders' equity, change in capital			(32)
Balance at June 30, 2014	17,042		17,042
Eaton shareholders' equity [Member]
Changes in Shareholders' equity
Balance at December 31, 2013			16,791
Net income			610
Other comprehensive income (loss)			86
Cash dividends paid			(467)
Issuance of shares under equity-based compensation plans - net			78
Repurchase of shares			(99)
Shareholders' equity, change in capital			(17)
Balance at June 30, 2014	16,982		16,982
Noncontrolling interests [Member]
Changes in Shareholders' equity
Balance at December 31, 2013			72
Net income			3
Other comprehensive income (loss)			0
Cash dividends paid			0
Issuance of shares under equity-based compensation plans - net			0
Repurchase of shares			0
Shareholders' equity, change in capital			(15)
Balance at June 30, 2014	$ 60		$ 60

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Acquisitions of Businesses (Tables)

6 Months Ended

Jun. 30, 2014

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Eaton's most recently acquired businesses, and the related annual sales prior to acquisition, are summarized below:

Acquired businesses	Date of transaction	Business segment	Annual sales
Cooper Industries plc (Cooper)	November 30, 2012	Electrical Products; Electrical Systems and Services	$5,409 for 2011
A diversified global manufacturer of electrical products and systems, with brands including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products.
Rolec Comercial e Industrial S.A.	September 28, 2012	Electrical Systems and Services	$85 for the 12 months ended September 30, 2012
A Chilean manufacturer of integrated power assemblies and low- and medium-voltage switchgear, and a provider of engineering services serving mining and other heavy industrial applications in Chile and Peru.
Jeil Hydraulics Co., Ltd.	July 6, 2012	Hydraulics	$189 for 2011
A Korean manufacturer of track drive motors, swing drive motors, main control valves and remote control valves for the construction equipment market.
Polimer Kaucuk Sanayi ve Pazarlama A.S.	June 1, 2012	Hydraulics	$335 for 2011
A Turkish manufacturer of hydraulic and industrial hose for construction, mining, agriculture, oil and gas, manufacturing, food and beverage, and chemicals markets. This business sells its products under the SEL brand name.
Gycom Electrical Low-Voltage Power Distribution, Control and Automation	June 1, 2012	Electrical Systems and Services	$24 for 2011
A Swedish electrical low-voltage power distribution, control and automation components business.