Eaton announces publication of audit report
ETN•Ernst & Young issued an independent audit report on Eaton’s financial statements for the three years ended December 31, 2025, and concluded they fairly present the company’s finances under U.S. GAAP. The report identified $1.3 billion in uncertain tax positions as a critical audit matter; a separate report gave an unqualified opinion on internal controls.
1. Audit findings
Ernst & Young issued an independent audit report on Eaton’s consolidated financial statements for the three years ended December 31, 2025. The auditor concluded the statements fairly present the company’s financial position, operating results and cash flows in conformity with U.S. generally accepted accounting principles.
2. Tax and controls
Unrecognized income tax benefits were identified as the critical audit matter, reflecting complex judgments over uncertain tax positions totaling $1.3 billion. A separate audit expressed an unqualified opinion on internal control over financial reporting as of December 31, 2025.
3. Report dates
The financial statement report was dated February 26, 2026, except for five notes dated October 16, 2026.
