Equity (Tables)

6 Months Ended

Jun. 30, 2011

Stockholders' Equity Note [Abstract]

Change in Total equity

The changes in Shareholders’ equity follow:

	Eaton shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2010	$	7,362		$	41		$	7,403
Net income	623			1			624
Other comprehensive income	368			—			368
Total comprehensive income	991			1			992
Cash dividends paid	(232		)	(7		)	(239		)
Issuance of shares under equity-based compensation plans-net	99			—			99
Repurchase of shares	(68		)	—			(68		)
Balance at June 30, 2011	$	8,152		$	35		$	8,187

Calculation of net income per common share attributable to common shareholders

A summary of the calculation of net income per common share attributable to common shareholders follows:

	Three months ended June 30				Six months ended June 30
(Shares in millions)	2011		2010		2011		2010
Net income attributable to Eaton common shareholders	$	336	$	226	$	623	$	381
Weighted-average number of common shares outstanding-diluted	345.7		340.4		345.7		339.8
Less dilutive effect of stock options and restricted stock awards	4.8		5.7		5.2		5.3
Weighted-average number of common shares outstanding-basic	340.9		334.7		340.5		334.5
Net income per common share
Diluted	$	0.97	$	0.66	$	1.80	$	1.12
Basic	0.99		0.67		1.83		1.14