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BUSINESS SEGMENT INFORMATION
9 Months Ended
Sep. 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
September 30
Nine months ended
September 30
(In millions)2024202320242023
Net sales  
Electrical Americas$2,963 $2,594 $8,530 $7,426 
Electrical Global1,573 1,503 4,678 4,572 
Aerospace946 867 2,772 2,517 
Vehicle696 753 2,143 2,242 
eMobility167 163 514 471 
Total net sales$6,345 $5,880 $18,638 $17,229 
Segment operating profit (loss)  
Electrical Americas$892 $719 $2,537 $1,913 
Electrical Global294 328 872 892 
Aerospace230 209 637 580 
Vehicle135 131 381 353 
eMobility(7)— (9)(5)
Total segment operating profit1,544 1,386 4,417 3,732 
Corporate  
Intangible asset amortization expense(106)(107)(319)(344)
Interest expense - net(29)(33)(88)(124)
Pension and other postretirement benefits income 9 11 29 33 
Restructuring program charges(54)(7)(132)(46)
Other expense - net(160)(171)(508)(512)
Income before income taxes1,204 1,079 3,399 2,739 
Income tax expense193 187 573 463 
Net income1,011 892 2,827 2,277 
Less net income for noncontrolling interests(1)(1)(4)(4)
Net income attributable to Eaton ordinary shareholders$1,009 $891 $2,823 $2,273