Eaton corporation plc (ETN)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Dec'11
Assets
Current assets
Cash

239

370

549

412

303

283

327

256

317

561

791

312

222

543

494

323

333

268

418

303

663

781

655

631

784

915

642

628

639

577

385

Short-term investments

178

221

281

385

143

157

178

236

510

534

843

525

301

203

213

146

240

177

150

127

139

245

335

634

360

794

698

368

397

527

699

Accounts receivable - net

2,951

3,437

3,787

3,944

3,865

3,858

4,027

4,092

4,005

3,943

3,962

3,813

3,673

3,560

3,659

3,628

3,581

3,479

3,656

3,840

3,733

3,667

3,972

4,010

3,889

3,648

3,950

3,820

3,685

3,474

2,444

Inventory

2,346

2,805

2,901

2,853

2,897

2,785

2,835

2,753

2,745

2,620

2,457

2,393

2,344

2,346

2,328

2,323

2,391

2,323

2,395

2,439

2,424

2,428

2,498

2,534

2,532

2,382

2,403

2,405

2,394

2,336

1,701

Assets held for sale

2,440

1,377

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

550

553

576

593

581

552

554

577

404

448

459

565

398

Prepaid expenses and other current assets

516

518

494

532

536

507

500

576

552

679

396

444

435

381

393

406

468

369

410

382

405

386

390

477

564

415

669

560

622

421

199

Total current assets

8,670

8,728

8,012

8,126

7,744

7,590

7,867

7,913

8,129

8,337

8,449

7,487

6,975

7,033

7,087

6,826

7,013

6,616

7,579

7,644

7,940

8,100

8,431

8,838

8,683

8,731

8,766

8,229

8,196

7,900

5,826

Property, plant and equipment
Land and buildings

2,081

2,440

2,436

2,464

2,457

2,466

2,470

2,458

2,531

2,491

2,498

2,455

2,413

2,369

-

-

-

2,383

-

-

-

2,343

-

-

-

2,461

-

-

-

2,095

1,525

Machinery and equipment

5,215

6,266

6,257

6,261

6,145

6,106

6,030

6,035

6,135

6,014

5,940

5,934

5,792

5,670

-

-

-

5,501

-

-

-

5,621

-

-

-

5,504

-

-

-

5,522

4,669

Gross property, plant and equipment

7,296

8,706

8,693

8,725

8,602

8,572

8,500

8,493

8,666

8,505

8,438

8,389

8,205

8,039

-

-

-

7,884

-

-

-

7,964

-

-

-

7,965

-

-

-

7,617

6,194

Accumulated depreciation

4,357

5,210

5,210

5,215

5,129

5,105

5,054

5,031

5,123

5,003

4,952

4,859

4,724

4,596

-

-

-

4,319

-

-

-

4,214

-

-

-

4,132

-

-

-

3,831

3,592

Net property, plant and equipment

2,939

3,496

3,483

3,510

3,473

3,467

3,446

3,462

3,543

3,502

3,486

3,530

3,481

3,443

3,506

3,551

3,583

3,565

3,590

3,680

3,634

3,750

3,702

3,793

3,806

3,833

3,757

3,749

3,841

3,786

2,602

Other noncurrent assets
Goodwill

12,397

13,456

13,337

13,463

13,318

13,328

13,385

13,427

13,698

13,568

13,545

13,478

13,296

13,201

13,434

13,450

13,588

13,479

13,540

13,698

13,548

13,893

14,088

14,377

14,450

14,495

14,276

14,049

14,275

14,443

5,537

Other intangible assets

4,319

4,638

4,657

4,766

4,754

4,846

4,949

5,050

5,206

5,265

5,354

5,410

5,441

5,514

5,689

5,795

5,947

6,014

6,139

6,282

6,317

6,556

6,739

6,976

7,078

7,186

7,231

7,186

6,664

7,580

2,192

Operating lease assets

434

436

444

419

420

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

346

372

294

303

309

293

241

296

356

253

264

443

439

325

412

413

380

362

246

250

220

228

241

242

257

240

328

1,169

1,103

353

1,134

Other assets

1,740

1,679

1,668

1,657

1,631

1,568

1,740

1,717

1,736

1,698

1,627

1,007

979

960

1,109

1,119

1,072

960

1,107

1,025

1,037

1,002

1,038

1,032

988

1,006

954

875

898

1,748

582

Total assets

30,845

32,805

31,895

32,244

31,649

31,092

31,628

31,865

32,668

32,623

32,725

31,355

30,611

30,476

31,237

31,154

31,583

30,996

32,201

32,579

32,696

33,529

34,239

35,258

35,262

35,491

35,312

35,257

34,977

35,810

17,873

Liabilities and shareholders’ equity
Current liabilities
Short-term debt

337

255

2

2

741

414

82

504

185

6

5

846

208

14

1

557

820

426

1

139

267

2

1

2

8

13

88

115

84

757

86

Current portion of long-term debt

250

248

6

5

42

339

426

428

847

578

1,494

1,495

1,328

1,552

550

252

253

242

841

842

1,244

1,008

412

416

316

567

576

575

569

314

321

Accounts payable

1,785

2,114

2,290

2,268

2,274

2,130

2,165

2,192

2,203

2,166

2,039

1,885

1,891

1,718

1,790

1,802

1,795

1,758

1,997

1,931

1,969

1,940

2,038

2,044

2,076

1,960

1,976

2,045

1,978

1,879

1,491

Accrued compensation

274

449

421

357

302

457

427

353

300

453

434

338

270

379

388

316

276

366

373

327

282

420

424

373

334

461

430

368

318

462

420

Liabilities held for sale

458

325

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

1,840

1,741

1,942

1,818

1,927

1,814

2,167

1,910

1,861

1,872

1,928

1,745

1,860

1,822

1,866

1,889

1,878

1,833

1,888

1,817

1,904

1,985

2,111

2,708

2,071

1,913

1,984

1,878

1,954

2,103

1,319

Total current liabilities

4,944

5,132

4,661

4,450

5,286

5,154

5,267

5,387

5,396

5,075

5,900

6,309

5,557

5,485

4,595

4,816

5,022

4,625

5,100

5,056

5,666

5,355

4,986

5,543

4,805

4,914

5,054

4,981

4,903

5,515

3,637

Noncurrent liabilities
Long-term debt

7,842

7,819

8,013

8,079

6,782

6,768

6,737

6,753

6,845

7,167

7,273

6,264

6,677

6,711

7,881

7,605

7,572

7,746

7,830

7,770

7,829

8,024

8,587

8,615

8,991

8,969

9,029

9,069

9,473

9,765

3,366

Pension liabilities

1,324

1,462

1,239

1,266

1,265

1,304

1,160

1,174

1,225

1,226

1,328

1,578

1,553

1,659

1,532

1,554

1,587

1,586

1,539

1,552

1,530

1,812

1,170

1,222

1,228

1,465

1,801

1,805

1,794

2,003

1,793

Other postretirement benefits liabilities

322

328

322

324

320

321

344

354

359

362

366

364

366

368

429

433

436

440

502

507

506

513

675

668

666

668

733

736

728

742

642

Operating lease liabilities

334

331

333

311

308

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

354

396

309

389

360

349

347

486

557

538

327

316

319

321

366

365

395

390

820

876

881

901

1,035

1,047

1,296

1,313

1,513

2,301

2,007

1,548

442

Other noncurrent liabilities

1,437

1,204

1,118

1,064

1,061

1,054

984

986

985

965

895

930

940

934

988

1,017

1,008

978

997

1,015

1,020

1,085

1,141

1,121

1,165

1,299

1,065

934

862

1,059

501

Total noncurrent liabilities

11,613

11,540

11,334

11,433

10,096

9,796

9,572

9,753

9,971

10,258

10,189

9,452

9,855

9,993

11,196

10,974

10,998

11,140

11,688

11,720

11,766

12,335

12,608

12,673

13,346

13,714

14,141

14,845

14,864

15,117

6,744

Shareholders’ equity
Ordinary shares (400.0 million outstanding in 2020 and 413.3 million in 2019)

4

4

4

4

4

4

-

-

-

4

-

-

-

5

-

-

-

5

-

-

-

5

-

-

-

5

-

-

-

5

167

Capital in excess of par value

12,203

12,200

12,151

12,112

12,085

12,090

-

-

-

11,987

-

-

-

11,845

-

-

-

11,701

-

-

-

11,605

-

-

-

11,483

-

-

-

11,271

4,169

Retained earnings

7,007

8,170

8,062

8,300

8,225

8,161

-

-

-

8,669

-

-

-

7,555

-

-

-

7,346

-

-

-

7,078

-

-

-

6,866

-

-

-

5,805

5,103

Accumulated other comprehensive loss

-4,966

-4,290

-4,367

-4,108

-4,078

-4,145

-

-

-

-3,404

-

-

-

-4,448

-

-

-

-3,863

-

-

-

-2,899

-

-

-

-1,560

-

-

-

-1,964

-1,964

Shares held in trust

3

2

2

2

3

3

-

-

-

3

-

-

-

3

-

-

-

3

-

-

-

3

-

-

-

3

-

-

-

4

6

Total Eaton shareholders’ equity

14,245

16,082

15,848

16,306

16,233

16,107

16,754

16,690

17,263

17,253

16,593

15,552

15,157

14,954

15,404

15,320

15,519

15,186

15,366

15,753

15,210

15,786

16,587

16,982

17,037

16,791

16,071

15,388

15,167

15,113

7,469

Noncontrolling interests

43

51

52

55

34

35

35

35

38

37

43

42

42

44

42

44

44

45

47

50

54

53

58

60

74

72

46

43

43

65

23

Total equity

14,288

16,133

15,900

16,361

16,267

16,142

16,789

16,725

17,301

17,290

16,636

15,594

15,199

14,998

15,446

15,364

15,563

15,231

15,413

15,803

15,264

15,839

16,645

17,042

17,111

16,863

16,117

15,431

15,210

15,178

7,492

Total liabilities and equity

30,845

32,805

31,895

32,244

31,649

31,092

31,628

31,865

32,668

32,623

32,725

31,355

30,611

30,476

31,237

31,154

31,583

30,996

32,201

32,579

32,696

33,529

34,239

35,258

35,262

35,491

35,312

35,257

34,977

35,810

17,873