EX-23 7 l06255aexv23.txt EX-23 CONSENT OF INDEPENDENT AUDITORS Eaton Corporation 2003 Annual Report on Form 10-K Item 15(c) Exhibit 23 Consent of Independent Auditors We consent to the incorporation by reference in the following Registration Statements and related Prospectuses of our report dated January 20, 2004 (except for the note titled "Two-for-One Stock Split", as to which the date is February 23, 2004), with respect to the consolidated financial statements of Eaton Corporation included in this Annual Report (Form 10-K) for the year ended December 31, 2003.
Registration Number Description Filing Date ------------ ----------- ----------- 333-106764 Eaton Corporation - Form S-3 Registration Statement - $250,000,000 of Debt Securities, Debt Warrants, Preferred Shares and Common Shares July 2, 2003 333-105786 Eaton Corporation - Form S-3 Registration Statement - $47,850,000 of Common Shares June 3, 2003 333-104366 1996 Non-Employee Director Fee Deferral Plan - Form S-8 Registration Statement April 8, 2003 333-104367 Eaton Savings Plan - Form S-8 Registration Statement - 5,000,000 Shares April 8, 2003 333-97365 Eaton Corporation Incentive Compensation Deferral Plan - Form S-8 Registration Statement July 30, 2002 333-97373 Cutler-Hammer de Puerto Rico Inc. Retirement Savings Plan - Form S-8 Registration Statement July 30, 2002 333-97371 Eaton Corporation 2002 Stock Plan - Form S-8 Registration Statement July 30, 2002 333-43876 Eaton Corporation 401(k) Savings Plan - Form S-8 Registration Statement - 500,000 Shares August 16, 2000 333-35946 Deferred Incentive Compensation Plan - Form S-8 Registration Statement - 375,000 Shares May 1, 2000 333-86389 Eaton Corporation Executive Strategic Incentive Plan - Form S-8 Registration Statement Sept. 2, 1999 333-77245 Eaton Corporation 401(k) Savings Plan - Form S-8 Registration Statement April 28, 1999 333-77243 Eaton Corporation Share Purchase and Investment Plan - Form S-8 Registration Statement April 28, 1999 333-74355 Eaton Corporation $1,400,000,000 of Debt Securities, Debt Warrants, Common Shares and Preferred Shares - Form S-3 Registration Statement (Including Post-Effective Amendment No. 1 filed on April 23, 1999 and Amendment No. 2 filed on May 11, 1999) March 12, 1999
333-62375 Eaton Corporation 1998 Stock Plan - Form S-8 Registration Statement August 27, 1998 333-62373 Eaton Holding Limited U.K. Savings - Related Share Option Scheme [1998] - Form S-8 Registration Statement August 27, 1998 333-35697 Cutler-Hammer de Puerto Rico Company Retirement Savings Plan - Form S-8 Registration Statement Sept. 16, 1997 333-28869 Eaton 401(k) Savings Plan and Trust - Form S-8 Registration Statement June 10, 1997 333-25693 Eaton Corporation Shareholder Dividend Reinvestment Plan - Form S-3 Registration Statement April 23, 1997 333-23539 Eaton Non-Employee Director Fee Deferral Plan - Form S-8 Registration Statement March 18, 1997 333-22597 Eaton Incentive Compensation Deferral Plan - Form S-8 Registration Statement March 13, 1997 333-03599 Eaton Corporation Share Purchase and Investment Plan - Form S-8 Registration Statement May 13, 1996 333-01365 Eaton Corporation Incentive Compensation Deferral Plan - Form S-3 Registration Statement March 1, 1996 33-64201 Eaton Corporation $120,837,500 of Debt Securities and Debt Warrants - Form S-3 Registration Statement Nov. 14, 1995 33-60907 Eaton 1995 Stock Plan - Form S-8 Registration Statement July 7, 1995 33-52333 Eaton Corporation $600,000,000 of Debt Securities, Debt Warrants, Common Shares and Preferred Shares - Form S-3 Registration Statement Feb. 18, 1994 33-49393& Eaton Corporation Stock Option Plans - Form S-8 33-12842 Registration Statement March 9, 1993
/s/ Ernst & Young LLP --------------------- Cleveland, Ohio March 10, 2004