v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 1,777 $ 555
Short-term investments 162 1,525
Accounts receivable - net 5,094 4,619
Inventory 4,392 4,227
Prepaid expenses and other current assets 1,009 874
Total current assets 12,434 11,801
Property, plant and equipment    
Land and buildings 2,177 2,239
Machinery and equipment 6,981 6,823
Gross property, plant and equipment 9,158 9,062
Accumulated depreciation (5,394) (5,333)
Net property, plant and equipment 3,765 3,729
Other noncurrent assets    
Goodwill 14,851 14,713
Other intangible assets 4,586 4,658
Operating lease assets 813 806
Deferred income taxes 609 609
Other assets 2,148 2,066
Total assets 39,206 38,381
Current liabilities    
Short-term debt 805 0
Current portion of long-term debt 1,666 674
Accounts payable 3,654 3,678
Accrued compensation 489 670
Other current liabilities 2,908 2,835
Total current liabilities 9,522 7,857
Noncurrent liabilities    
Long-term debt 7,609 8,478
Pension liabilities 733 741
Other postretirement benefits liabilities 162 164
Operating lease liabilities 669 669
Deferred income taxes 267 275
Other noncurrent liabilities 1,696 1,667
Total noncurrent liabilities 11,136 11,994
Shareholders’ equity    
Ordinary shares (391.3 million outstanding in 2025 and 392.9 million in 2024) 4 4
Capital in excess of par value 12,711 12,731
Retained earnings 10,041 10,096
Accumulated other comprehensive loss (4,250) (4,342)
Shares held in trust (1) (1)
Total Eaton shareholders’ equity 18,506 18,488
Noncontrolling interests 41 43
Total equity 18,547 18,531
Total liabilities and equity $ 39,206 $ 38,381