Equity (Tables)

3 Months Ended

Mar. 31, 2012

Stockholders' Equity Note [Abstract]

Changes in Shareholders' equity

The changes in Shareholders’ equity follow:

	Eaton shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2011	$	7,469		$	23		$	7,492
Net income	311			—			311
Other comprehensive income	226			—			226
Cash dividends paid	(127		)	(2		)	(129		)
Issuance of shares under equity-based compensation plans-net	54			—			54
Balance at March 31, 2012	$	7,933		$	21		$	7,954

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 March 31
(Shares in millions)	2012		2011
Net income attributable to Eaton common shareholders	$	311	$	287
Weighted-average number of common shares outstanding-diluted	339.8		345.7
Less dilutive effect of stock options and restricted stock awards	4.4		5.6
Weighted-average number of common shares outstanding-basic	335.4		340.1
Net income per common share
Diluted	$	0.91	$	0.83
Basic	0.93		0.84