XML 56 R42.htm IDEA: XBRL DOCUMENT v3.22.4
BUSINESS SEGMENT AND GEOGRAPHIC REGION INFORMATION (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Business Segment Information
Business Segment Information
(In millions)202220212020
Net sales
Electrical Americas$8,497 $7,242 $6,680 
Electrical Global5,848 5,516 4,703 
Hydraulics— 1,300 1,842 
Aerospace3,039 2,648 2,223 
Vehicle2,830 2,579 2,118 
eMobility538 343 292 
Total net sales$20,752 $19,628 $17,858 
Segment operating profit (loss)
Electrical Americas$1,913 $1,495 $1,352 
Electrical Global1,134 1,034 750 
Hydraulics— 177 186 
Aerospace705 580 414 
Vehicle453 449 243 
eMobility(9)(29)(8)
Total segment operating profit4,196 3,706 2,937 
Corporate
Intangible asset amortization expense(499)(444)(354)
Interest expense - net(144)(144)(149)
Pension and other postretirement benefits income (expense)43 65 (40)
Restructuring program charges(33)(78)(214)
Other expense - net(653)(209)(434)
Income before income taxes2,911 2,896 1,746 
Income tax expense445 750 331 
Net income2,465 2,146 1,415 
Less net income for noncontrolling interests(4)(2)(5)
Net income attributable to Eaton ordinary shareholders$2,462 $2,144 $1,410 
Schedule of Identifiable Assets, Capital Expenditures, and Depreciation by Segment
(In millions)202220212020
Identifiable assets
Electrical Americas$3,655 $3,002 $2,333 
Electrical Global2,658 2,579 2,334 
Aerospace1,859 1,729 1,363 
Vehicle2,230 1,985 1,950 
eMobility402 220 180 
Total identifiable assets10,804 9,515 8,160 
Goodwill14,796 14,751 12,903 
Other intangible assets5,485 5,855 4,175 
Corporate3,929 3,906 4,099 
Assets held for sale— — 2,487 
Total assets$35,014 $34,027 $31,824 
Capital expenditures for property, plant and equipment
Electrical Americas$181 $180 $95 
Electrical Global151 120 71 
Hydraulics— 34 41 
Aerospace92 78 59 
Vehicle95 112 77 
eMobility52 27 24 
Total571 551 367 
Corporate28 24 22 
Total expenditures for property, plant and equipment$598 $575 $389 
Depreciation of property, plant and equipment
Electrical Americas$101 $105 $101 
Electrical Global94 97 94 
Aerospace64 69 53 
Vehicle89 95 98 
eMobility16 
Total364 374 352 
Corporate44 52 56 
Total depreciation of property, plant and equipment$408 $426 $408 
Schedule of Geographic Region Information
Net sales are measured based on the geographic destination of sales. Long-lived assets consist of property, plant and equipment - net.
(In millions)202220212020
Net sales
United States$12,353 $10,868 $10,044 
Canada754 797 757 
Latin America1,504 1,160 939 
Europe3,957 4,276 3,818 
Asia Pacific2,185 2,527 2,300 
Total$20,752 $19,628 $17,858 
Long-lived assets
United States$1,567 $1,593 $1,510 
Canada25 25 25 
Latin America383 277 249 
Europe711 701 738 
Asia Pacific460 468 442 
Total$3,146 $3,064 $2,964