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RESTRUCTURING CHARGES
 3 Months Ended
Mar. 31, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING CHARGES RESTRUCTURING CHARGES
During the first quarter of 2024, Eaton implemented a multi-year restructuring program to accelerate opportunities to optimize its operations and global support structure. These actions will better align the Company's functions to support anticipated growth and drive greater effectiveness throughout the Company. Since the inception of the program, the Company has incurred charges of $220 million. This restructuring program is expected to be completed in 2026 and is expected to incur additional expenses related to workforce reductions of $171 million and plant closing and other costs of $84 million, resulting in total estimated charges of $475 million for the entire program.
A summary of restructuring program charges is as follows:
Three months ended
March 31
(In millions except for per share data)20252024
Workforce reductions$13 $59 
Plant closing and other6 4 
Total before income taxes18 63 
Income tax benefit4 14 
Total after income taxes$14 $49 
Per ordinary share - diluted$0.04 $0.12 
Restructuring program charges related to the following segments:
Three months ended
March 31		Restructuring program charges incurred from inception through
(In millions)20252024March 31, 2025
Electrical Americas$1 $7 $13 
Electrical Global14 24 102 
Aerospace— 8 9 
Vehicle2 24 42 
eMobility1 — 26 
Corporate1 — 30 
Total$18 $63 $220 
A summary of liabilities related to workforce reductions, plant closing, and other associated costs is as follows:
(In millions)Workforce reductionsPlant closing and otherTotal
Balance at January 1, 2024
$35 $6 $41 
Liability recognized, net120 83 202 
Payments, utilization and translation(59)(81)(141)
Balance at December 31, 2024
96 7 103 
Liability recognized, net13 6 18 
Payments, utilization and translation(14)(7)(21)
Balance at March 31, 2025
$94 $6 $100 
These restructuring program charges were included in Cost of products sold, Selling and administrative expense, Research and development expense, or Other income - net, as appropriate. In Business Segment Information, these restructuring program charges are treated as Corporate items. See Note 14 for additional information about business segments.