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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net sales $ 5,483 $ 4,843
Cost of products sold 3,599 3,269
Selling and administrative expense 904 790
Research and development expense 179 165
Interest expense - net 50 32
Gain on sale of business 0 24
Other income - net (11) (8)
Income before income taxes 762 619
Income tax expense 123 86
Net income 639 533
Less net income for noncontrolling interests (1) (1)
Net income attributable to Eaton ordinary shareholders $ 638 $ 532
Net income per share attributable to Eaton ordinary shareholders    
Diluted (USD per share) $ 1.59 $ 1.33
Basic (USD per share) $ 1.60 $ 1.33
Weighted-average number of ordinary shares outstanding    
Diluted (shares) 400.5 401.8
Basic (shares) 398.5 399.2
Cash dividends declared per ordinary share (USD per share) $ 0.86 $ 0.81