Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Eaton Corp. plc, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Short-term debt	761)	1,111)	805)	—)	3)	4)	1)	8)	24)	94)	87)	324)	903)	1,392)	1,116)	13)	428)	3,373)	464)	1)	2)	139)	337)
Current portion of long-term debt	1,136)	1,134)	1,666)	674)	714)	1,278)	994)	1,017)	975)	402)	8)	10)	23)	2,030)	1,728)	1,735)	116)	8)	1,012)	1,047)	1,251)	1,223)	250)
Accounts payable	3,826)	3,762)	3,654)	3,678)	3,609)	3,497)	3,400)	3,365)	3,255)	3,192)	3,118)	3,072)	2,937)	3,013)	2,867)	2,797)	2,591)	2,484)	2,172)	1,987)	1,788)	1,620)	1,785)
Accrued compensation	680)	529)	489)	670)	687)	529)	492)	676)	592)	465)	350)	467)	432)	363)	331)	501)	489)	425)	334)	351)	336)	254)	274)
Liabilities held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	527)	501)	468)	424)	432)	458)
Other current liabilities	3,071)	3,058)	2,908)	2,835)	2,928)	2,812)	2,726)	2,681)	2,717)	2,572)	2,524)	2,487)	2,358)	2,176)	2,214)	2,166)	2,290)	2,089)	2,098)	2,027)	2,004)	1,821)	1,840)
Current liabilities	9,474)	9,594)	9,522)	7,857)	7,941)	8,120)	7,613)	7,747)	7,563)	6,725)	6,087)	6,360)	6,653)	8,974)	8,256)	7,212)	5,914)	8,906)	6,581)	5,881)	5,805)	5,489)	4,944)
Long-term debt, excluding current portion	8,756)	8,751)	7,609)	8,478)	8,678)	8,555)	8,192)	8,244)	8,150)	8,804)	8,701)	8,321)	8,082)	6,277)	6,763)	6,831)	8,520)	8,721)	8,682)	7,010)	6,948)	6,906)	7,842)
Pension liabilities	744)	758)	733)	741)	709)	709)	730)	768)	611)	642)	651)	649)	817)	772)	831)	872)	1,029)	1,085)	1,283)	1,588)	1,343)	1,324)	1,324)
Other postretirement benefits liabilities	159)	161)	162)	164)	174)	175)	177)	180)	170)	173)	174)	177)	246)	253)	260)	263)	273)	322)	326)	330)	319)	322)	322)
Noncurrent operating lease liabilities	568)	587)	669)	669)	681)	656)	601)	533)	486)	482)	466)	459)	447)	386)	342)	337)	343)	366)	328)	326)	323)	320)	334)
Deferred income taxes	289)	280)	267)	275)	387)	429)	419)	402)	460)	531)	537)	530)	527)	628)	635)	559)	494)	494)	445)	277)	306)	310)	354)
Other noncurrent liabilities	1,775)	1,728)	1,696)	1,667)	1,504)	1,484)	1,478)	1,489)	1,429)	1,428)	1,417)	1,444)	1,489)	1,446)	1,465)	1,502)	1,541)	1,460)	1,398)	1,439)	1,423)	1,442)	1,437)
Noncurrent liabilities	12,291)	12,265)	11,136)	11,994)	12,133)	12,008)	11,597)	11,616)	11,306)	12,060)	11,946)	11,580)	11,608)	9,762)	10,296)	10,364)	12,200)	12,448)	12,462)	10,970)	10,662)	10,624)	11,613)
Total liabilities	21,765)	21,859)	20,658)	19,851)	20,074)	20,128)	19,210)	19,363)	18,869)	18,785)	18,033)	17,940)	18,261)	18,736)	18,552)	17,576)	18,114)	21,354)	19,043)	16,851)	16,467)	16,113)	16,557)
Ordinary shares	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)	4)
Capital in excess of par value	12,813)	12,780)	12,712)	12,731)	12,695)	12,663)	12,630)	12,634)	12,604)	12,554)	12,502)	12,513)	12,478)	12,452)	12,427)	12,449)	12,411)	12,368)	12,335)	12,329)	12,266)	12,228)	12,203)
Retained earnings	10,168)	9,917)	10,041)	10,096)	10,366)	10,622)	10,605)	10,305)	9,703)	9,156)	8,757)	8,468)	8,070)	7,886)	7,707)	7,594)	7,345)	7,068)	6,883)	6,794)	6,741)	6,767)	7,007)
Accumulated other comprehensive loss	(4,142)	(4,095)	(4,250)	(4,342)	(3,947)	(4,069)	(3,946)	(3,906)	(3,927)	(3,760)	(3,814)	(3,946)	(4,483)	(3,961)	(3,517)	(3,633)	(3,788)	(4,031)	(4,225)	(4,195)	(4,533)	(4,809)	(4,966)
Shares held in trust	—)	—)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	—)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(2)	(2)	(2)	(2)	(3)
Total Eaton shareholders’ equity	18,843)	18,606)	18,506)	18,488)	19,117)	19,219)	19,292)	19,036)	18,383)	17,953)	17,449)	17,038)	16,068)	16,380)	16,620)	16,413)	15,971)	15,408)	14,995)	14,930)	14,476)	14,188)	14,245)
Noncontrolling interests	42)	41)	41)	43)	45)	35)	34)	33)	37)	35)	36)	37)	35)	36)	36)	38)	43)	42)	42)	43)	42)	47)	43)
Total equity	18,885)	18,647)	18,547)	18,531)	19,162)	19,254)	19,326)	19,069)	18,420)	17,988)	17,485)	17,075)	16,103)	16,416)	16,656)	16,451)	16,014)	15,450)	15,037)	14,973)	14,518)	14,235)	14,288)
Total liabilities and equity	40,650)	40,506)	39,205)	38,382)	39,236)	39,382)	38,536)	38,432)	37,289)	36,773)	35,518)	35,015)	34,364)	35,152)	35,208)	34,027)	34,128)	36,804)	34,080)	31,824)	30,985)	30,348)	30,845)

Short-term debt: The short-term debt showed significant volatility throughout the periods. Initially low in mid-2020, it peaked sharply at 3373 million in June 2021 before fluctuating dramatically, including a notable reduction to single-digit levels at several points. Towards the latest quarters, the figures again rose above 700 million.
Current portion of long-term debt: This item experienced substantial fluctuations, with a marked spike in December 2021 reaching 1,735 million. Thereafter, the amounts remained elevated compared to earlier periods, ending around 1,100 million in recent quarters.
Accounts payable: Accounts payable showed a steady upward trend, increasing gradually each quarter from roughly 1,785 million in early 2020 to approximately 3,826 million by late 2025, indicating a consistent growth in short-term payables.
Accrued compensation: Accrued compensation figures experienced moderate variability, with peaks around mid-2023 and late 2024, reaching levels near 680 million. Occasionally, there were dips, such as in the first half of 2022. The general tendency indicates gradual growth with cyclical fluctuations.
Liabilities held for sale: Reported only in the early data points, liabilities held for sale decreased slightly and then were no longer recorded in subsequent quarters, suggesting the completion or reclassification of these liabilities.
Other current liabilities: Other current liabilities steadily increased from around 1,840 million to over 3,000 million by late 2025, reflecting a continuous expansion of miscellaneous current obligations.
Current liabilities: The total current liabilities displayed fluctuations with a marked increase around mid-2021 peaking near 8,900 million, followed by some decreases but ultimately stabilizing above 9,000 million towards the end of the data series.
Long-term debt, excluding current portion: Long-term debt showed generally high amounts with some variation. It peaked at 8,804 million in December 2021 and ranged between about 6,200 million and 8,800 million over the period, without a clear upward or downward trend but with some volatility.
Pension liabilities: Pension liabilities gradually decreased from early 2020 through late 2022 but showed slight increases and some volatility in later periods, remaining in the range of about 600 to 750 million.
Other postretirement benefits liabilities: These liabilities generally declined slightly over the time frame, going from approximately 322 million down to around 159 million, showing a slow but steady decrease.
Noncurrent operating lease liabilities: Noncurrent operating lease liabilities steadily increased, from about 320 million to over 680 million, reflecting a growing lease commitment.
Deferred income taxes: Deferred income taxes fluctuated but showed a general decline in later periods, peaking near 635 million in early 2022 and decreasing to below 300 million towards the end of the data set.
Other noncurrent liabilities: Other noncurrent liabilities remained fairly stable with slight increases over time, moving from roughly 1,437 million to over 1,775 million, indicating moderate growth in these obligations.
Noncurrent liabilities: Noncurrent liabilities exhibited variability without a definite trend, hovering mostly between 10,300 million and 12,600 million. Some periods showed decreases, while others showed rises, ending close to 12,300 million.
Total liabilities: Total liabilities increased notably from about 16,557 million in early 2020 to over 21,800 million by mid-2025. The progression included some ups and downs but a clear upward trajectory overall, highlighting rising total obligations.
Shareholders’ equity components: Ordinary shares remained constant at 4 million. Capital in excess of par value showed a steady gradual increase from about 12,203 million to 12,813 million, and retained earnings increased consistently from 7,007 million to roughly 10,168 million, reflecting accumulated profits.
Accumulated other comprehensive loss: This account experienced fluctuations, generally increasing in the negative direction with values ranging from around -4,966 million to about -4,142 million, indicating fluctuating but persistent comprehensive loss items.
Shares held in trust: Shares held in trust were minimal and mostly unchanged, hovering at around -1 to -3 million throughout the periods with some gaps in reporting.
Total Eaton shareholders’ equity: Shareholders' equity showed consistent growth from approximately 14,245 million to 18,843 million, indicating overall strengthening in equity position despite some fluctuations in certain quarters.
Noncontrolling interests and total equity: Noncontrolling interests remained relatively stable, close to 40 million. Total equity followed the upward trend of shareholders’ equity, increasing from about 14,288 million to approximately 18,885 million, demonstrating a stronger equity base.
Total liabilities and equity: The sum of liabilities and equity grew steadily from roughly 30,845 million in early 2020 to over 40,600 million by late 2025, consistent with the observed increases in both liabilities and equity over time.

Download chart

Eaton Corp. plc (NYSE:ETN)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data