For the quarter ending 2026-03-31, ETN had -$58M decrease in cash & cash equivalents over the period. $314M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 868 | 1,132 | 1,011 | 982 |
| Depreciation and amortization | 272 | 255 | 258 | 261 |
| Deferred income taxes | -37 | 29 | 49 | -98 |
| Pension and other postretirement benefits expense | 10 | 12 | 11 | 11 |
| Contributions to pension plans | 28 | 43 | 23 | 24 |
| Contributions to other postretirement benefits plans | 3 | 3 | 4 | 5 |
| Changes in working capital | 614 | -1,313 | -397 | 868 |
| Accounts receivable - net | - | 420 | - | - |
| Inventory | - | 256 | - | - |
| Unbilled receivables | - | 357 | - | - |
| Accounts payable | - | 332 | - | - |
| Accrued compensation | - | -50 | - | - |
| Accrued income and other taxes | - | -116 | - | - |
| Deferred revenue liabilities | - | 202 | - | - |
| Other current assets | - | 198 | - | - |
| Other current liabilities | - | 145 | - | - |
| Other - net | -35 | 46 | 63 | 79 |
| Net cash provided by operating activities | 507 | 1,965 | 1,351 | 918 |
| Capital expenditures for property, plant and equipment | 193 | 392 | 178 | 202 |
| Cash paid for acquisition of businesses, net of cash acquired | 11,079 | -14 | 54 | 1,450 |
| Proceeds from sales of property, plant and equipment | 38 | 27 | 0 | 4 |
| Investments in nonmarketable securities | 85 | 0 | 0 | 3 |
| Return of investment from associate companies | - | 0 | 0 | 0 |
| Sales (purchases) of short-term investments - net | 13 | -52 | 56 | 23 |
| Payments for settlement of currency exchange contracts not designated as hedges - net | 17 | -16 | -8 | 21 |
| Other - net | 25 | 35 | 14 | 27 |
| Net cash provided by (used in) investing activities | -11,375 | -318 | -293 | -1,723 |
| Proceeds from borrowings | 9,871 | 0 | 0 | 1,058 |
| Payments on borrowings | 1,069 | 3 | 1 | 710 |
| Short-term debt, net | 2,507 | -760 | -350 | 306 |
| Debt issuance costs | 63 | - | - | - |
| Cash dividends paid | 415 | 404 | 404 | 421 |
| Exercise of employee stock options | 10 | 2 | 8 | 22 |
| Repurchase of shares | 0 | 193 | 362 | 692 |
| Employee taxes paid from shares withheld | 44 | 2 | 4 | 5 |
| Other - net | -1 | -1 | -2 | -11 |
| Net cash provided by (used in) financing activities | 10,796 | -1,361 | -1,115 | -453 |
| Effect of currency on cash | 14 | 7 | -12 | -119 |
| Total increase (decrease) in cash | -58 | 294 | -70 | -1,378 |
| Cash at the beginning of the period | 622 | 328 | 398 | 1,777 |
| Cash at the end of the period | 565 | 622 | 328 | 398 |
Eaton Corp plc (ETN)
Eaton Corp plc (ETN)