v3.24.3
EATON SHAREHOLDERS' EQUITY - Changes in Shareholders' Equity (Details) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period $ 19,254 $ 19,326 $ 19,069 $ 17,988 $ 17,485 $ 17,075 $ 19,069 $ 17,075
Net income 1,011 994 822 892 745 639 2,827 2,277
Other comprehensive income (loss), net of tax 122 (122) (40) (167) 53 132 (40) 18
Cash dividends paid and accrued (374) (375) (381) (343) (344) (352)    
Issuance of shares under equity-based compensation plans 32 31 (5) 50 51 (11)    
Repurchase of shares (891) (600) (138)          
Changes in noncontrolling interest of consolidated subsidiaries - net 8     (1) (1) 1    
Balance at end of period 19,162 19,254 19,326 18,420 17,988 17,485 19,162 18,420
Total Eaton shareholders' equity                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period 19,219 19,292 19,036 17,953 17,449 17,038 19,036 17,038
Net income 1,009 993 821 891 744 638    
Other comprehensive income (loss), net of tax 122 (122) (40) (167) 53 132    
Cash dividends paid and accrued (374) (375) (381) (343) (344) (348)    
Issuance of shares under equity-based compensation plans 32 31 (5) 50 51 (11)    
Repurchase of shares (891) (600) (138)          
Balance at end of period $ 19,117 $ 19,219 $ 19,292 $ 18,383 $ 17,953 $ 17,449 $ 19,117 $ 18,383
Ordinary shares                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period (in shares) 398.1 399.8 399.4 399.0 398.6 397.8 399.4 397.8
Balance at beginning of period $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4
Issuance of shares under equity-based compensation plans (in shares) 0.1 0.1 0.9 0.4 0.4 0.7    
Repurchase of shares (in shares) (3.0) (1.9) (0.5)          
Balance at end of period (in shares) 395.2 398.1 399.8 399.3 399.0 398.6 395.2 399.3
Balance at end of period $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4 $ 4
Capital in excess of par value                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period 12,662 12,630 12,634 12,554 12,502 12,512 12,634 12,512
Issuance of shares under equity-based compensation plans 33 31 (4) 51 52 (11)    
Balance at end of period 12,694 12,662 12,630 12,604 12,554 12,502 12,694 12,604
Retained earnings                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period 10,622 10,605 10,305 9,156 8,757 8,468 10,305 8,468
Net income 1,009 993 821 891 744 638    
Cash dividends paid and accrued (374) (375) (381) (343) (344) (348)    
Issuance of shares under equity-based compensation plans (1)   (1) (1) (1) (1)    
Repurchase of shares (891) (600) (138)          
Balance at end of period 10,366 10,622 10,605 9,703 9,156 8,757 10,366 9,703
Accumulated other comprehensive loss                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period (4,069) (3,946) (3,906) (3,760) (3,814) (3,946) (3,906) (3,946)
Other comprehensive income (loss), net of tax 122 (122) (40) (167) 53 132    
Balance at end of period (3,947) (4,069) (3,946) (3,927) (3,760) (3,814) (3,947) (3,927)
Shares held in trust                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period (1) (1) (1) (1) 0 (1) (1) (1)
Issuance of shares under equity-based compensation plans         (1) 1    
Balance at end of period (1) (1) (1) (1) (1) 0 (1) (1)
Noncontrolling interests                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance at beginning of period 35 34 33 36 36 38 33 38
Net income 1 1 1 1 1 1    
Cash dividends paid and accrued           (4)    
Changes in noncontrolling interest of consolidated subsidiaries - net 8     (1) (1) 1    
Balance at end of period $ 45 $ 35 $ 34 $ 36 $ 36 $ 36 $ 45 $ 36