Below are the financial statements of Eaton, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 24,878a | 23,196a | 20,752a |
| Cost of products sold | -15,375a | -14,762a | -13,865a |
| Selling and administrative expense | -4,077a | -3,795a | -3,227a |
| Research and development expense | -794a | -754a | -665a |
| Interest expense - net | -130a | -151a | -144a |
| Gain on sale of business | 0a | 0a | 24a |
| Other income - net | -64a | -93a | -36a |
| Income before income taxes | 4,566a | 3,827a | 2,911a |
| Income tax expense | -768a | -604a | -445a |
| Net income | 3,798a | 3,223a | 2,465a |
| Less net income for noncontrolling interests | -4a | -5a | -4a |
| Net income attributable to Eaton ordinary shareholders | 3,794a | 3,218a | 2,462a |
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