Eaton — May 5, 2026 release

Spin-off of Mobility business On January 26, 2026, Eaton announced its intention to pursue a spin-off of its Mobility business, which consists of the Mobility business segment, into an independent, publicly traded company. Eaton expects to complete the anticipated spin-off by the end of the first quarter of 2027, subject to customary legal and regulatory requirements and approvals, including final approval of the Company’s Board of Directors and effectiveness of a Form 10 registration statement filed with the Securities and Exchange Commission. The planned spin-off is expected to be completed in a manner that is tax-free to Eaton ordinary shareholders for U.S. federal income tax purposes. Note 4. ACQUISITION AND DIVESTITURE CHARGES Eaton incurs integration charges and transaction costs to acquire and integrate businesses, and transaction, separation and other costs to divest and exit businesses. Eaton also recognizes gains and losses on the sale of businesses. A summary of these Corporate items is as follows: Three months ended March 31 (In millions except for per share data) 2026 2025 Acquisition integration, divestiture charges and transaction costs $ 109  $ 10  Income tax benefit 21  2  Total charges after income taxes $ 87  $ 8  Per ordinary share - diluted $ 0.22  $ 0.02  Acquisition integration, divestiture charges and transaction costs in 2026 and 2025 are primarily related to the following: • The acquisitions of Fibrebond Corporation, Resilient Power Systems Inc., Ultra PCS Limite