1、We make a better world work.2017 Annual Report*For over a century,weve evolved,both adapting to and driving changes that have improved our quality of life and the environment.This year is no exception.Were inspiring our employees to think differently about our business and the positive impact we hav
2、e on our communities and the world.From innovative Intelligent Power solutions for things like microgrids and electric vehicles to connected lighting for cities and buildings and sensors that improve machinery performance,we serve the needs of critical markets both established and emerging.Our Intel
3、ligent Power solutions are helping our customers make better decisions.Because working smarter and safer positions us all for a better tomorrow.We make what matters work.E 2016 2 2015 2(In millions except for per share data)Net sales$20,404$19,747$20,855Net income attributable to Eaton ordinary shar
4、eholders 2,985 1,916 1,972 Excluding acquisition integration charges(after-tax)2 3 31Adjusted earnings$2,987$1,919$2,003 Adjusted earnings excluding gain from sale of a business and income from Tax Cuts and Jobs Act1$2,082$1,919$2,003Net income per share attributable to Eaton ordinary shareholdersdi
5、luted$6.68$4.20$4.22 Excluding per share impact of acquisition integration charges(after-tax)0.00 0.01 0.07Adjusted earnings per ordinary share$6.68$4.21$4.29 Adjusted earnings per ordinary share excluding gain from sale of a business and income from Tax Cuts and Jobs Act1$4.65$4.21$4.29Weighted-ave
6、rage number of ordinary shares outstanding diluted 447.0 456.5 467.1Cash dividends declared per ordinary share$2.40$2.28$2.20Total assets$32,623$30,476$31,059Total debt 7,751 8,277 8,414Eaton shareholders equity 17,253 14,954 15,249$300$250$200$150$100$500The above graph compares the cumulative tota