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BUSINESS SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2024
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 18 to the consolidated financial statements contained in the 2023 Form 10-K.
Three months ended
March 31
(In millions)20242023
Net sales
Electrical Americas$2,690 $2,294 
Electrical Global1,500 1,500 
Aerospace871 803 
Vehicle724 739 
eMobility158 147 
Total net sales$5,943 $5,483 
Segment operating profit (loss)
Electrical Americas$785 $525 
Electrical Global274 274 
Aerospace201 180 
Vehicle116 107 
eMobility(4)(4)
Total segment operating profit1,371 1,082 
Corporate
Intangible asset amortization expense(106)(124)
Interest expense - net(30)(50)
Pension and other postretirement benefits income 12 11 
Restructuring program charges(63)(10)
Other expense - net(184)(148)
Income before income taxes1,001 762 
Income tax expense179 123 
Net income822 639 
Less net income for noncontrolling interests(1)(1)
Net income attributable to Eaton ordinary shareholders$821 $638