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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales $ 23,196 $ 20,752 $ 19,628
Cost of products sold 14,762 13,865 13,293
Selling and administrative expense 3,795 3,227 3,256
Research and development expense 754 665 616
Interest expense - net 151 144 144
Gain on sale of business 0 24 617
Other expense (income) - net (93) (36) 40
Income before income taxes 3,827 2,911 2,896
Income tax expense 604 445 750
Net income 3,223 2,465 2,146
Less net income for noncontrolling interests (5) (4) (2)
Net income attributable to Eaton ordinary shareholders $ 3,218 $ 2,462 $ 2,144
Net income per share attributable to Eaton ordinary shareholders      
Diluted (USD per share) $ 8.02 $ 6.14 $ 5.34
Basic (USD per share) $ 8.06 $ 6.17 $ 5.38
Weighted-average number of ordinary shares outstanding      
Diluted (in shares) 401.1 400.8 401.6
Basic (in shares) 399.1 398.7 398.7
Cash dividends declared per ordinary share (USD per share) $ 3.44 $ 3.24 $ 3.04