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BUSINESS SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION BUSINESS SEGMENT INFORMATION
Operating 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
September 30
Nine months ended
September 30
(In millions)2023202220232022
Net sales  
Electrical Americas$2,594 $2,179 $7,426 $6,201 
Electrical Global1,503 1,486 4,572 4,418 
Aerospace867 768 2,517 2,227 
Vehicle753 744 2,242 2,123 
eMobility163 137 471 399 
Total net sales$5,880 $5,313 $17,229 $15,368 
Segment operating profit (loss)  
Electrical Americas$719 $511 $1,913 $1,368 
Electrical Global328 305 892 866 
Aerospace209 185 580 506 
Vehicle131 125 353 346 
eMobility— (2)(5)(7)
Total segment operating profit1,386 1,124 3,732 3,079 
Corporate  
Intangible asset amortization expense(107)(124)(344)(375)
Interest expense - net(33)(37)(124)(100)
Pension and other postretirement benefits income 11 7 33 35 
Restructuring program charges(7)(22)(46)(49)
Other expense - net(171)(227)(512)(529)
Income before income taxes1,079 720 2,739 2,060 
Income tax expense187 112 463 316 
Net income892 608 2,277 1,743 
Less net income for noncontrolling interests(1)(1)(4)(2)
Net income attributable to Eaton ordinary shareholders$891 $607 $2,273 $1,741