v3.25.1
BUSINESS SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Business Segment Information
Business Segment Information
Three months ended March 31
(In millions)20252024
Net sales
Electrical Americas$3,010 $2,690 
Electrical Global1,610 1,500 
Aerospace979 871 
Vehicle617 724 
eMobility162 158 
Total net sales$6,377 $5,943 
Other segment items
Electrical Americas$2,106 $1,905 
Electrical Global1,310 1,226 
Aerospace753 670 
Vehicle521 608 
eMobility166 162 
Total other segment items$4,855 $4,572 
Segment operating profit (loss)
Electrical Americas$904 $785 
Electrical Global300 274 
Aerospace226 201 
Vehicle96 116 
eMobility(4)(4)
Total segment operating profit1,522 1,371 
Corporate
Intangible asset amortization expense(106)(106)
Interest expense - net(33)(30)
Pension and other postretirement benefits income 12 
Restructuring program charges(18)(63)
Other expense - net(193)(184)
Income before income taxes1,177 1,001 
Income tax expense212 179 
Net income965 822 
Less net income for noncontrolling interests(1)(1)
Net income attributable to Eaton ordinary shareholders$964 $821 
Schedule of Identifiable Assets, Capital Expenditures, and Depreciation by Segment
(In millions)March 31, 2025December 31, 2024
Identifiable assets
Electrical Americas$5,332 $4,933 
Electrical Global3,371 3,233 
Aerospace2,569 2,392 
Vehicle2,063 1,987 
eMobility689 633 
Total identifiable assets14,025 13,178 
Goodwill14,851 14,713 
Other intangible assets4,586 4,658 
Corporate5,744 5,833 
Total assets$39,206 $38,381 
Three months ended March 31
(In millions)20252024
Capital expenditures for property, plant and equipment
Electrical Americas$57 $92 
Electrical Global40 30 
Aerospace17 14 
Vehicle12 19 
eMobility19 
Total136 174 
Corporate11 
Total expenditures for property, plant and equipment$147 $183 
Three months ended March 31
(In millions)20252024
Depreciation of property, plant and equipment
Electrical Americas$31 $28 
Electrical Global26 24 
Aerospace18 17 
Vehicle24 23 
eMobility
Total105 98 
Corporate10 
Total depreciation of property, plant and equipment$115 $107