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BUSINESS SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION
BUSINESS SEGMENT INFORMATION
Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated on a regular basis by the chief operating decision maker, or decision making group, in deciding how to allocate resources to an individual segment and in assessing performance. Eaton’s operating segments are Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace and Vehicle. Operating profit includes the operating profit from intersegment sales. For additional information regarding Eaton’s business segments, see Note 15 to the Consolidated Financial Statements contained in the 2016 Form 10-K.
 
Three months ended
March 31
 
2017
 
2016
Net sales
 
 
 
Electrical Products
$
1,712

 
$
1,680

Electrical Systems and Services
1,333

 
1,342

Hydraulics
587

 
551

Aerospace
428

 
445

Vehicle
788

 
795

Total net sales
$
4,848

 
$
4,813

 
 
 
 
Segment operating profit
 
 
 
Electrical Products
$
297

 
$
271

Electrical Systems and Services
155

 
159

Hydraulics
60

 
41

Aerospace
79

 
80

Vehicle
108

 
118

Total segment operating profit
699

 
669

 
 
 
 
Corporate
 
 
 
Amortization of intangible assets
(94
)
 
(100
)
Interest expense - net
(61
)
 
(57
)
Pension and other postretirement benefits expense
(11
)
 
(14
)
Other corporate expense - net
(69
)
 
(56
)
Income before income taxes
464

 
442

Income tax expense
32

 
39

Net income
432

 
403

Less net loss for noncontrolling interests

 
1

Net income attributable to Eaton ordinary shareholders
$
432

 
$
404