Eaton Corp plc (ETN) Financial Statements (2025 and earlier)

Company Profile

Business Address 30 PEMBROKE ROAD
DUBLIN, DUBLIN 4
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 359 - Miscellaneous Industrial And Commercial (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,6095555681,102591440
Cash and cash equivalent488294297438370283
Short-term investments2,121261271664221157
Receivables4,4754,0763,2972,9043,4373,858
Inventory, net of allowances, customer advances and progress billings3,7393,4302,9692,1092,8052,785
Inventory3,7393,4302,9692,1092,8052,785
Disposal group, including discontinued operation    2,4871,377 
Other undisclosed current assets852685677576518507
Total current assets:11,6758,7467,5119,1788,7287,590
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization     26✕
Operating lease, right-of-use asset648570442428436✕
Property, plant and equipment3,5303,1463,0642,9643,4963,467
Intangible assets, net (including goodwill)20,06820,28120,60617,07818,09418,174
Goodwill14,97714,79614,75112,90313,45613,328
Intangible assets, net (excluding goodwill)5,0915,4855,8554,1754,6384,846
Deferred income tax assets458330392426 ✕
Other noncurrent assets2,0521,9402,0121,7501,6791,568
Other undisclosed noncurrent assets11  346293
Total noncurrent assets:26,75726,26826,51622,64624,07723,502
TOTAL ASSETS:38,43235,01434,02731,82432,80531,092
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,0413,5393,2982,3382,5632,587
Employee-related liabilities✕✕✕501351449457
Accounts payable3,3653,0722,7971,9872,1142,130
Accrued liabilities676467    
Debt1,0253341,7481,048503753
Other liabilities2,6802,4882,1662,0271,7411,814
Other undisclosed current liabilities 1(1) 468325 
Total current liabilities:7,7476,3607,2125,8815,1325,154
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,2448,3216,8317,0107,8196,768
Finance lease, liability2218233021✕
Other undisclosed long-term debt and lease obligation8,2228,3036,4716,6547,4676,768
Liabilities, other than long-term debt3,3723,2593,1963,6342,9943,028
Deferred tax liabilities, net✕✕✕✕✕✕349
Deferred income tax liabilities402530559277 ✕
Liability, pension and other postretirement and postemployment benefits9488261,1351,9181,7901,625
Other liabilities1,4891,4441,5021,4391,2041,054
Operating lease, liability533459337326331✕
Other undisclosed noncurrent liabilities   337326727 
Total noncurrent liabilities:11,61611,58010,36410,97011,5409,796
Other undisclosed liabilities (1)    
Total liabilities:19,36317,93917,57616,85116,67214,950
Equity
Equity, attributable to parent, including:19,03617,03816,41314,93016,08216,107
Additional paid in capital12,63412,51212,44912,32912,20012,090
Deferred compensation equity(1)(1)(1)(2)(2)(3)
Accumulated other comprehensive loss(3,906)(3,946)(3,633)(4,195)(4,290)(4,145)
Retained earnings10,3058,4687,5946,7948,1708,161
Other undisclosed equity, attributable to parent454444
Equity, attributable to noncontrolling interest333838435135
Other undisclosed equity  (1)    
Total equity:19,06917,07516,45114,97316,13316,142
TOTAL LIABILITIES AND EQUITY:38,43235,01434,02731,82432,80531,092

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues23,19620,75219,62817,85821,39021,609
Cost of revenue(14,762)(13,865)(13,293)(12,408)(14,338)(14,511)
Gross profit:8,4346,8876,3355,4507,0527,098
Operating expenses(4,549)(3,868)(3,255)(3,405)(4,532)(4,225)
Operating income:3,8853,0193,0802,0452,5202,873
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		9336(40)(150)(36)4
Interest and debt expense(1)(1)(144)(149)(236) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     343(453)
Income from continuing operations before equity method investments, income taxes:3,9773,0542,8961,7462,5912,424
Other undisclosed loss from continuing operations before income taxes(150)(143)    
Income from continuing operations before income taxes:3,8272,9112,8961,7462,5912,424
Income tax expense(604)(445)(750)(331)(378)(278)
Income from continuing operations:3,2232,4662,1461,4152,2132,146
Income before gain (loss) on sale of properties:✕✕✕2,1461,4152,2132,146
Other undisclosed net loss  (1)    
Net income:3,2232,4652,1461,4152,2132,146
Net loss attributable to noncontrolling interest(5)(4)(2)(5)(2)(1)
Other undisclosed net income attributable to parent  1    
Net income available to common stockholders, diluted:3,2182,4622,1441,4102,2112,145

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:3,2232,4652,1461,4152,2132,146
Other comprehensive income (loss)39(313)56295(145)(741)
Comprehensive income:3,2622,1522,7081,5102,0681,405
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(4)(2)(5)(2)(1)
Other undisclosed comprehensive income, net of tax, attributable to parent  1    
Comprehensive income, net of tax, attributable to parent:3,2572,1492,7061,5052,0661,404

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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