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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets    
Cash $ 577 $ 385
Short-term investments 527 699
Accounts receivable-net 3,510 2,444
Inventory 2,339 1,701
Deferred income taxes 442 398
Prepaid expenses and other current assets 429 199
Total current assets 7,824 5,826
Property, Plant and Equipment    
Land and buildings 1,808 1,525
Machinery and equipment 5,845 4,669
Gross property, plant and equipment 7,653 6,194
Accumulated depreciation (3,830) (3,592)
Net property, plant and equipment 3,823 2,602
Other noncurrent assets    
Goodwill 14,211 5,537
Other intangible assets 7,468 2,192
Deferred income taxes 1,254 1,134
Other assets 1,704 582
Total assets 36,284 17,873
Current liabilities    
Short-term debt 757 86
Current portion of long-term debt 314 321
Accounts payable 1,879 1,491
Accrued compensation 463 420
Other current liabilities 2,057 1,319
Total current liabilities 5,470 3,637
Noncurrent liabilities    
Long-term debt 9,762 3,366
Pension liabilities 2,004 1,793
Other postretirement benefits liabilities 740 642
Deferred income taxes 2,341 442
Other noncurrent liabilities 812 501
Total noncurrent liabilities 15,659 6,744
Shareholders' equity    
Ordinary shares (470.7 million outstanding in 2012 and 334.4 million in 2011) 5 167
Capital in excess of par value 11,271 4,169
Retained earnings 5,805 5,103
Accumulated other comprehensive loss (1,964) (1,964)
Shares held in trust (4) (6)
Total Eaton shareholders' equity 15,113 7,469
Noncontrolling interests 42 23
Total equity 15,155 7,492
Total liabilities and equity $ 36,284 $ 17,873