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BUSINESS SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2018
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.
During the first quarter of 2018, Eaton re-segmented certain reportable operating segments due to a reorganization of the Company's businesses. The new reportable business segment is eMobility (which includes certain legacy Electrical Products and Vehicle product lines). 
The eMobility segment designs, manufactures, markets, and supplies electrical and electronic components and systems that improve the power management and performance of both on-road and off-road vehicles. Products include high voltage inverters, converters, fuses, onboard chargers, circuit protection units, vehicle controls, power distribution, fuel tank isolation valves, and commercial vehicle hybrid systems. The principal markets for the eMobility segment are original equipment manufacturers and aftermarket customers of passenger cars, commercial vehicles, and construction, agriculture, and mining equipment.
Eaton’s operating segments are Electrical Products, Electrical Systems and Services, Hydraulics, Aerospace, Vehicle, and eMobility. 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 2017 Form 10-K.
 
Three months ended
September 30
 
Nine months ended
September 30
 
2018
 
2017
 
2018
 
2017
Net sales
 
 
 
 
 
 
 
Electrical Products
$
1,789

 
$
1,785

 
$
5,327

 
$
5,167

Electrical Systems and Services
1,519

 
1,421

 
4,413

 
4,168

Hydraulics
670

 
634

 
2,103

 
1,854

Aerospace
478

 
438

 
1,399

 
1,303

Vehicle
876

 
858

 
2,668

 
2,489

eMobility
80

 
75

 
240

 
210

Total net sales
$
5,412

 
$
5,211

 
$
16,150

 
$
15,191

 
 
 
 
 
 
 
 
Segment operating profit
 
 
 
 
 
 
 
Electrical Products
$
343

 
$
330

 
$
984

 
$
915

Electrical Systems and Services
234

 
196

 
628

 
545

Hydraulics
94

 
80

 
285

 
214

Aerospace
105

 
84

 
284

 
244

Vehicle
166

 
150

 
464

 
399

eMobility
10

 
16

 
35

 
40

Total segment operating profit
952

 
856

 
2,680

 
2,357

 
 
 
 
 
 
 
 
Corporate
 
 
 
 
 
 
 
Amortization of intangible assets
(95
)
 
(98
)
 
(289
)
 
(288
)
Interest expense - net
(67
)
 
(60
)
 
(205
)
 
(181
)
Pension and other postretirement benefits expense
(3
)
 
(16
)
 
(4
)
 
(38
)
Gain on sale of business

 
1,077

 

 
1,077

Arbitration decision expense
(275
)
 

 
(275
)
 

Other corporate expense - net
(73
)
 
(65
)
 
(209
)
 
(194
)
Income before income taxes
439

 
1,694

 
1,698

 
2,733

Income tax expense
23

 
293

 
184

 
381

Net income
416

 
1,401

 
1,514

 
2,352

Less net income for noncontrolling interests

 

 

 
(1
)
Net income attributable to Eaton ordinary shareholders
$
416

 
$
1,401

 
$
1,514

 
$
2,351