XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 5,132 $ 5,080 $ 9,980 $ 9,893
Cost of products sold 3,450 3,419 6,760 6,710
Selling and administrative expense 902 897 1,787 1,789
Research and development expense 150 149 293 298
Interest expense - net 60 57 121 114
Other expense (income) - net 0 5 (15) (13)
Income before income taxes 570 553 1,034 995
Income tax expense 54 61 86 100
Net income 516 492 948 895
Less net income for noncontrolling interests (1) (1) (1) 0
Net income attributable to Eaton ordinary shareholders $ 515 $ 491 $ 947 $ 895
Net income per share attributable to Eaton ordinary shareholders        
Diluted (usd per share) $ 1.15 $ 1.07 $ 2.10 $ 1.95
Basic (usd per share) $ 1.15 $ 1.08 $ 2.12 $ 1.96
Weighted-average number of ordinary shares outstanding        
Diluted (shares) 448.6 458.3 449.8 459.0
Basic (shares) 446.3 457.0 447.5 457.8
Cash dividends declared per ordinary share (usd per share) $ 0.6 $ 0.57 $ 1.20 $ 1.14