Equity (Tables)

9 Months Ended

Sep. 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	988			3			991
Other comprehensive loss	(67		)	—			(67		)
Total comprehensive income	921			3			924
Cash dividends paid	(348		)	(7		)	(355		)
Issuance of shares under equity-based compensation plans-net	131			—			131
Business divestiture	—			(14		)	(14		)
Repurchase of shares	(343		)	—			(343		)
Balance at September 30, 2011	$	7,723		$	23		$	7,746

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 September 30				Nine months ended September 30
(Shares in millions)	2011		2010		2011		2010
Net income attributable to Eaton common shareholders	$	365	$	268	$	988	$	649
Weighted-average number of common shares outstanding-diluted	341.9		340.6		344.4		340.1
Less dilutive effect of stock options and restricted stock awards	3.8		5.4		4.7		5.4
Weighted-average number of common shares outstanding-basic	338.1		335.2		339.7		334.7
Net income per common share
Diluted	$	1.07	$	0.78	$	2.86	$	1.90
Basic	1.07		0.80		2.90		1.93