XML 16 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net sales $ 19,628 $ 17,858 $ 21,390
Cost of products sold 13,293 12,408 14,338
Selling and administrative expense 3,256 3,075 3,583
Research and development expense 616 551 606
Interest expense - net 144 149 199
Gain on sale of businesses 617 221 0
Other expense - net 40 150 73
Income before income taxes 2,896 1,746 2,591
Income tax expense 750 331 378
Net income 2,146 1,415 2,213
Less net income for noncontrolling interests (2) (5) (2)
Net income attributable to Eaton ordinary shareholders $ 2,144 $ 1,410 $ 2,211
Net income per share attributable to Eaton ordinary shareholders      
Diluted (USD per share) $ 5.34 $ 3.49 $ 5.25
Basic (USD per share) $ 5.38 $ 3.51 $ 5.28
Weighted-average number of ordinary shares outstanding      
Diluted (shares) 401.6 404.0 420.8
Basic (shares) 398.7 402.2 419.0
Cash dividends declared per ordinary share (USD per share) $ 3.04 $ 2.92 $ 2.84