1、2015 Annual Report Our power management solutions help solve the worlds toughest challenges.Smarter use of energy.More strength and greater control.Reduced fuel use and emissions.We help customers do more with less.Power ForwardEaton is a power management company with 2015 sales of$20.9 billion.Eato
2、n provides energy-efficient solutions that help our customers effectively manage electrical,hydraulic and mechanical power more efficiently,safely and sustainably.Eaton has approximately 97,000 employees and sells products to customers in more than 175 countries.For more information,visit .1 Financi
3、al Highlights2 Letter to Shareholders4 Power Forward10 Sustainability Report16 Financial Information56 Directors and Leadership Team57 Shareholder Information Power Forward Online: 2015 2014(In millions except for per share data)Net sales$20,855$22,552Net income attributable to Eaton ordinary shareh
4、olders 1,979 1,793 Excluding acquisition integration charges and transaction costs(after-tax)31 102Operating earnings$2,010$1,895 Operating earnings excluding litigation settlements and divestiture gain*$2,010$2,230Net income per shareattributable to Eaton ordinary shareholdersdiluted$4.23$3.76 Excl
5、uding per share impact of acquisition integration charges and transaction costs(after-tax)0.07 0.21Operating earnings per ordinary share$4.30$3.97 Operating earnings per ordinary share excluding litigation settlements and divestiture gain*$4.30$4.67Weighted-average number of ordinary shares outstand
6、ing diluted 467.1 476.8Cash dividends declared per ordinary share$2.20$1.96Total assets$31,031$33,529Total debt 8,449 9,034Eaton shareholders equity 15,186 15,786*Operating earnings were$2,230 for 2014,excluding the pre-tax cost for two extraordinary litigation settlements of$644,and a pre-tax gain