Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Details)

v3.19.3.a.u2
ACQUISITIONS (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 01, 2020
Sep. 09, 2019
Aug. 15, 2018
Nov. 01, 2017
Jul. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Business Acquisition [Line Items]                  
Goodwill           $ 1,286 $ 1,126 $ 1,082  
Amortization of Intangible Assets           175 153 112  
Hydrogenics Corporation                  
Business Acquisition [Line Items]                  
Business Acquisition, Percentage of Voting Interests Acquired   81.00%              
Cash paid for business acquisition   $ 235              
Payments to Acquire Businesses Liabilities Paid   0              
Business Combination, Consideration Transferred [1]   235              
Goodwill   161              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [2]   $ 161              
Net sales prior to acquisition             $ 34    
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners   19.00%              
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value   $ 56              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory   21              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets   25              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets   18              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities   53              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities   42              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net   291              
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Financial Liabilities   5              
Goodwill, Purchase Accounting Adjustments   $ 5              
Finite-Lived Intangible Asset, Useful Life 5 years                
Efficient Drivetrains, Inc.                  
Business Acquisition [Line Items]                  
Business Acquisition, Percentage of Voting Interests Acquired     100.00%            
Cash paid for business acquisition     $ 51            
Payments to Acquire Businesses Liabilities Paid     2            
Business Combination, Consideration Transferred [1],[3]     64            
Goodwill     49            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [2]     $ 15            
Net sales prior to acquisition               $ 3  
Brammo Inc.                  
Business Acquisition [Line Items]                  
Business Acquisition, Percentage of Voting Interests Acquired       100.00%          
Cash paid for business acquisition       $ 60          
Payments to Acquire Businesses Liabilities Paid       0          
Business Combination, Consideration Transferred [1],[3]       68          
Goodwill       47          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [2]       $ 23          
Net sales prior to acquisition                 $ 4
Business Combination, Contingent Consideration, Liability           $ 5      
Eaton Automated Transmission Technologies                  
Business Acquisition [Line Items]                  
Business Acquisition, Percentage of Voting Interests Acquired         50.00%        
Cash paid for business acquisition [4]         $ 600        
Payments to Acquire Businesses Liabilities Paid         0        
Business Combination, Consideration Transferred [1]         600        
Goodwill         544        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [2]         $ 596        
Net sales prior to acquisition                 $ 0
Minimum | Hydrogenics Corporation                  
Business Acquisition [Line Items]                  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life   3 years              
Maximum | Hydrogenics Corporation                  
Business Acquisition [Line Items]                  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life   20 years       25 years      
Maximum | Brammo Inc.                  
Business Acquisition [Line Items]                  
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High           $ 100      
Technology-Based Intangible Assets | Hydrogenics Corporation                  
Business Acquisition [Line Items]                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill   $ 96              
Indefinite-lived Intangible Assets, Purchase Accounting Adjustments   2              
Customer Relationships | Hydrogenics Corporation                  
Business Acquisition [Line Items]                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill   29              
Indefinite-lived Intangible Assets, Purchase Accounting Adjustments   $ 1              
Customer Relationships | Minimum | Hydrogenics Corporation                  
Business Acquisition [Line Items]                  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life   15 years              
Customer Relationships | Maximum | Hydrogenics Corporation                  
Business Acquisition [Line Items]                  
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life   20 years              
In Process Research and Development | Hydrogenics Corporation                  
Business Acquisition [Line Items]                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill   $ 35              
Other Intangible Assets | Hydrogenics Corporation                  
Business Acquisition [Line Items]                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill   $ 1              
Other Intangible Assets | Minimum                  
Business Acquisition [Line Items]                  
Finite-Lived Intangible Asset, Useful Life           3 years      
Other Intangible Assets | Maximum                  
Business Acquisition [Line Items]                  
Finite-Lived Intangible Asset, Useful Life           25 years      
Scenario, Forecast | Maximum | Hydrogenics Corporation                  
Business Acquisition [Line Items]                  
Amortization of Intangible Assets $ 8                
[1]
All results from acquired entities (excluding Brammo Inc. in 2017) were included in segment results subsequent to the acquisition date. Newly consolidated entities were accounted for as business combinations and (excluding Brammo Inc. and Eaton Cummins Automated Transmission Technologies) were included in the New Power Segment on the date of acquisition. The Brammo Inc. acquisition was allocated to the New Power Segment on January 1, 2018. Eaton Cummins Automated Transmission Technologies was included in the Components Segment on the date of acquisition.
[2]
Intangible assets acquired in business combinations were mostly customer and technology related, the majority of which will be amortized over a period of`up to 25 years from the date of the acquisition.
[3]
The "Total Purchase Consideration" represents the total amount that will or is estimated to be paid to complete the acquisition. A portion of the acquisition payment has not yet been made and will be paid in future periods in accordance with the purchase contract. The Brammo Inc. acquisition contains an earnout based on future results of the acquired business and could result in a maximum contingent consideration payment of $100 million (fair value of $5 million) to the former owners.
[4] This transaction created a newly formed joint venture that we consolidated as we have a majority voting interest in the venture by virtue of a tie-breaking vote on the joint venture's board of directors.