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