BUSINESS SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATIONOperating 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 Americas, Electrical Global, Aerospace, Vehicle, and eMobility. Operating profit includes the operating profit from intersegment sales. For additional information regarding Eaton's business segments, see Note 17 to the Consolidated Financial Statements contained in the 2022 Form 10-K.

	Three months ended March 31
(In millions)	2023		2022
Net sales
Electrical Americas	$	2,294	$	1,891
Electrical Global	1,500		1,437
Aerospace	803		718
Vehicle	739		671
eMobility	147		126
Total net sales	$	5,483	$	4,843
Segment operating profit (loss)
Electrical Americas	$	525	$	361
Electrical Global	274		279
Aerospace	180		159
Vehicle	107		113
eMobility	(4)		(3)
Total segment operating profit	1,082		909
Corporate
Intangible asset amortization expense	(124)		(128)
Interest expense - net	(50)		(32)
Pension and other postretirement benefits income	11		19
Restructuring program charges	(10)		(18)
Other expense - net	(148)		(131)
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