v3.24.2.u1
BUSINESS SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 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
June 30		Six months ended
June 30
(In millions)2024202320242023
Net sales  
Electrical Americas$2,877 $2,538 $5,567 $4,832 
Electrical Global1,606 1,569 3,105 3,069 
Aerospace955 848 1,826 1,650 
Vehicle723 751 1,447 1,490 
eMobility189 161 348 308 
Total net sales$6,350 $5,866 $12,293 $11,349 
Segment operating profit (loss)  
Electrical Americas$859 $669 $1,644 $1,194 
Electrical Global305 290 578 564 
Aerospace206 191 407 371 
Vehicle130 115 246 222 
eMobility2 (1)(2)(5)
Total segment operating profit1,502 1,264 2,873 2,346 
Corporate  
Intangible asset amortization expense(106)(113)(212)(237)
Interest expense - net(29)(42)(59)(91)
Pension and other postretirement benefits income 9 11 20 22 
Restructuring program charges(15)(29)(78)(39)
Other expense - net(166)(192)(349)(340)
Income before income taxes1,195 898 2,195 1,660 
Income tax expense201 153 379 276 
Net income994 745 1,816 1,384 
Less net income for noncontrolling interests(1)(1)(2)(3)
Net income attributable to Eaton ordinary shareholders$993 $744 $1,814 $1,382