Equity (Tables)

6 Months Ended

Jun. 30, 2012

Stockholders' Equity Note [Abstract]

Change in Shareholders' equity

The changes in Shareholders’ equity follow:

	Eaton shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2011	$	7,469		$	23		$	7,492
Net income	693			—			693
Other comprehensive loss	(16		)	—			(16		)
Cash dividends paid	(255		)	(2		)	(257		)
Issuance of shares under equity-based compensation plans-net	46			—			46
Balance at June 30, 2012	$	7,937		$	21		$	7,958

Calculation of net income per common share attributable to common shareholders

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

	Three months ended June 30				Six months ended June 30
(Shares in millions)	2012		2011		2012		2011
Net income attributable to Eaton common shareholders	$	382	$	336	$	693	$	623
Weighted-average number of common shares outstanding-diluted	339.5		345.7		339.6		345.7
Less dilutive effect of stock options and restricted stock awards	2.5		4.8		3.4		5.2
Weighted-average number of common shares outstanding-basic	337.0		340.9		336.2		340.5
Net income per common share
Diluted	$	1.12	$	0.97	$	2.04	$	1.80
Basic	1.13		0.99		2.06		1.83