| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||
21,390 | 21,609 | 20,404 | 19,747 | 20,855 | 22,552 | 22,046 | 16,311 | 16,049 | 13,715 |
Cost of products sold | |||||||||
14,338 | 14,511 | 13,756 | 13,396 | 14,304 | 15,646 | 15,369 | 11,448 | 11,261 | 9,633 |
Selling and administrative expense | |||||||||
3,583 | 3,548 | 3,526 | 3,464 | 3,596 | 3,810 | 3,886 | 2,894 | 2,738 | 2,486 |
Research and development expense | |||||||||
606 | 584 | 584 | 587 | 625 | 647 | 644 | 439 | 417 | 425 |
Interest expense - net | |||||||||
-236 | -271 | -246 | -233 | -232 | -227 | -271 | -208 | -118 | -136 |
Arbitration decision expense | |||||||||
0 | -275 | 0 | 0 | 0 | -644 | 0 | 0 | - | - |
Other Nonoperating Income (Expense) | |||||||||
-36 | 4 | -1 | 51 | 35 | 183 | 8 | -71 | 38 | 1 |
Income before income taxes | |||||||||
2,591 | 2,424 | 3,368 | 2,118 | 2,133 | 1,761 | 1,884 | 1,251 | 1,553 | 1,036 |
Income tax expense | |||||||||
378 | 278 | 382 | 199 | 159 | -42 | 11 | 31 | 201 | 99 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
2,213 | 2,146 | 2,986 | 1,919 | 1,974 | 1,803 | 1,873 | 1,220 | 1,352 | 937 |
Less net income for noncontrolling interests | |||||||||
2 | 1 | 1 | 3 | 2 | 10 | 12 | 3 | 2 | 8 |
Net Income (Loss) Attributable to Parent | |||||||||
2,211 | 2,145 | 2,985 | 1,916 | 1,972 | 1,793 | 1,861 | 1,217 | 1,350 | 929 |
Net income per share attributable to Eaton ordinary shareholders | |||||||||
Diluted (usd per share) | |||||||||
5.25 | 4.91 | 6.68 | 4.20 | 4.22 | 3.76 | 3.90 | 3.46 | 3.93 | 2.73 |
Basic (usd per share) | |||||||||
5.28 | 4.93 | 6.71 | 4.21 | 4.23 | 3.78 | 3.93 | 3.54 | 3.98 | 2.76 |
Weighted-average number of ordinary shares outstanding | |||||||||
Weighted Average Number of Shares Outstanding, Diluted | |||||||||
420 | 436 | 447 | 456 | 467 | 476 | 476 | 350 | 342 | 339 |
Weighted Average Number of Shares Outstanding, Basic | |||||||||
419 | 434 | 444 | 455 | 465 | 474 | 473 | 347 | 338 | 335 |
Cash dividends declared per ordinary share (usd per share) | |||||||||
2.84 | 2.64 | 2.40 | 2.28 | 2.20 | 1.96 | 1.68 | 1.52 | 1.36 | 1.08 |