v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 483 $ 622
Short-term investments 212 181
Accounts receivable - net 6,673 5,387
Inventory 5,417 4,721
Prepaid expenses and other current assets 1,987 1,444
Total current assets 14,772 12,355
Property, plant and equipment    
Land and buildings 2,526 2,361
Machinery and equipment 8,011 7,667
Gross property, plant and equipment 10,537 10,028
Accumulated depreciation (5,834) (5,712)
Net property, plant and equipment 4,702 4,316
Other noncurrent assets    
Goodwill 20,229 15,769
Other intangible assets 12,611 5,054
Operating lease assets 855 768
Deferred income taxes 592 707
Other assets 2,419 2,281
Total assets 56,181 41,251
Current liabilities    
Short-term debt 2,091 1
Current portion of long-term debt 11 1,136
Accounts payable 5,421 4,168
Accrued compensation 630 644
Other current liabilities 3,755 3,421
Total current liabilities 11,909 9,370
Noncurrent liabilities    
Long-term debt 18,509 8,758
Pension liabilities 601 702
Other postretirement benefits liabilities 158 161
Operating lease liabilities 715 637
Deferred income taxes 2,139 265
Other noncurrent liabilities 1,850 1,889
Total noncurrent liabilities 23,972 12,412
Shareholders’ equity    
Ordinary shares (388.4 million outstanding in 2026 and 387.9 million in 2025) 4 4
Capital in excess of par value 12,867 12,837
Retained earnings 11,530 10,702
Accumulated other comprehensive loss (4,146) (4,118)
Shares held in trust 0 0
Total Eaton shareholders’ equity 20,254 19,425
Noncontrolling interests 45 44
Total equity 20,299 19,469
Total liabilities and equity $ 56,181 $ 41,251