Illinois Tool Works Inc - Understand $itw stock

$ITW Market Cap: $81.47 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$15.95B

TTM

Gross Margin

43.89%

TTM

Net Earnings

$3.455B

TTM

Current Assets

$6.304B

Q3 2024

Current Liabilities

$4.627B

Q3 2024

Current Ratio

136.24%

Q3 2024

Total Assets

$15.82B

Q3 2024

Total Liabilities

$12.43B

Q3 2024

Book Value

$3.392B

Q3 2024

Cash

$947.0M

Q3 2024

P/E

23.58

Nov 29, 2024 EST

Free Cash Flow

$2.756B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$16.11B	$15.93B	$14.46B	$12.57B	$14.11B	$14.77B	$14.31B	$13.60B	$13.41B	$14.48B	$14.14B	$14.79B	$14.52B	$15.42B	$13.57B	$17.10B	$16.11B	$12.78B	$12.54B	$11.58B	$10.04B	$9.468B	$9.293B	$9.512B	$8.840B	$8.387B	$7.627B	$4.997B	$4.178B	$3.461B	$3.159B	$2.812B	$2.640B	$2.544B	$2.173B	$1.930B	$1.698B	$961.0M	$596.0M	$592.0M	$498.0M
YoY Change	1.1%	10.22%	14.96%	-10.88%	-4.46%	3.17%	5.26%	1.45%	-7.45%	2.47%	-4.44%	1.9%	-5.84%	13.58%	-20.63%	6.15%	26.02%	1.95%	8.26%	15.41%	6.0%	1.88%	-2.3%	7.6%	5.4%	9.96%	52.63%	19.6%	20.72%	9.56%	12.34%	6.52%	3.77%	17.07%	12.59%	13.66%	76.69%	61.24%	0.68%	18.88%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$16.11B	$15.93B	$14.46B	$12.57B	$14.11B	$14.77B	$14.31B	$13.60B	$13.41B	$14.48B	$14.14B	$14.79B	$14.52B	$15.42B	$13.57B	$17.10B	$16.11B	$12.78B	$12.54B	$11.58B	$10.04B	$9.468B	$9.293B	$9.512B	$8.840B	$8.387B	$7.627B	$4.997B	$4.178B	$3.461B	$3.159B	$2.812B	$2.640B	$2.544B	$2.173B	$1.930B	$1.698B	$961.0M	$596.0M	$592.0M	$498.0M
Cost Of Revenue	$9.316B	$9.429B	$8.489B	$7.375B	$8.187B	$8.604B	$8.306B	$7.908B	$7.888B	$8.673B	$8.554B	$9.134B	$9.089B	$9.997B	$8.953B	$11.19B	$10.43B	$8.182B	$8.159B	$7.576B	$6.528B	$6.214B	$6.191B	$6.111B	$5.695B	$5.486B	$5.011B	$3.282B	$2.724B	$2.290B	$2.122B	$1.859B	$1.759B	$1.689B	$1.452B	$1.288B	$1.120B	$623.0M	$391.0M	$383.0M	$325.0M
Gross Profit	$6.791B	$6.503B	$5.966B	$5.199B	$5.922B	$6.164B	$6.008B	$5.691B	$5.517B	$5.811B	$5.581B	$5.657B	$5.426B	$5.419B	$4.620B	$5.913B	$5.679B	$4.602B	$4.381B	$4.007B	$3.508B	$3.254B	$3.102B	$3.400B	$3.146B	$2.901B	$2.617B	$1.715B	$1.454B	$1.171B	$1.037B	$953.0M	$880.0M	$855.0M	$721.0M	$642.0M	$579.0M	$338.0M	$205.0M	$210.0M	$173.0M
Gross Profit Margin	42.16%	40.82%	41.27%	41.35%	41.97%	41.74%	41.97%	41.85%	41.16%	40.12%	39.48%	38.25%	37.38%	35.15%	34.04%	34.58%	35.25%	36.0%	34.94%	34.59%	34.95%	34.37%	33.38%	35.74%	35.59%	34.59%	34.31%	34.32%	34.8%	33.83%	32.83%	33.89%	33.33%	33.61%	33.18%	33.26%	34.1%	35.17%	34.4%	35.47%	34.74%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Selling, General & Admin	$2.638B	$2.579B	$2.356B	$2.163B	$2.361B	$2.391B	$2.412B	$2.411B	$2.417B	$2.678B	$2.815B	$2.928B	$2.846B	$2.957B	$2.934B	$3.226B	$2.904B	$2.273B	$2.182B	$2.025B	$1.850B	$1.720B	$1.691B	$1.704B	$1.603B	$1.543B	$1.470B	$875.0M	$776.0M	$667.0M	$639.0M	$587.0M	$553.0M	$510.0M	$418.0M	$369.0M	$339.0M	$213.0M	$123.0M	$116.0M	$105.0M
YoY Change	2.29%	9.47%	8.92%	-8.39%	-1.25%	-0.87%	0.04%	-0.25%	-9.75%	-4.87%	-3.86%	2.88%	-3.75%	0.78%	-9.05%	11.09%	27.76%	4.17%	7.75%	9.46%	7.56%	1.71%	-0.76%	6.3%	3.89%	4.97%	68.0%	12.76%	16.34%	4.38%	8.86%	6.15%	8.43%	22.01%	13.28%	8.85%	59.15%	73.17%	6.03%	10.48%
% of Gross Profit	38.85%	39.66%	39.49%	41.6%	39.87%	38.79%	40.15%	42.37%	43.81%	46.09%	50.44%	51.76%	52.45%	54.57%	63.51%	54.56%	51.14%	49.39%	49.81%	50.54%	52.74%	52.86%	54.51%	50.12%	50.95%	53.19%	56.17%	51.02%	53.37%	56.96%	61.62%	61.59%	62.84%	59.65%	57.98%	57.48%	58.55%	63.02%	60.0%	55.24%	60.69%
Research & Development	$284.0M	$269.0M	$239.0M	$214.0M	$221.0M	$233.0M	$225.0M	$223.0M	$218.0M	$227.0M	$240.0M	$240.0M	$221.0M	$213.0M
YoY Change	5.58%	12.55%	11.68%	-3.17%	-5.15%	3.56%	0.9%	2.29%	-3.96%	-5.42%	0.0%	8.6%	3.76%
% of Gross Profit	4.18%	4.14%	4.01%	4.12%	3.73%	3.78%	3.75%	3.92%	3.95%	3.91%	4.3%	4.24%	4.07%	3.93%
Depreciation & Amortization	$113.0M	$134.0M	$277.0M	$273.0M	$267.0M	$272.0M	$256.0M	$246.0M	$244.0M	$262.0M	$299.0M	$323.0M	$336.0M	$335.0M	$684.8M	$691.9M	$524.7M	$443.9M	$383.0M	$353.3M	$306.6M	$305.7M	$386.3M	$391.6M	$321.7M	$296.6M	$258.1M	$178.2M	$151.9M	$132.1M	$131.7M	$122.6M	$115.4M	$102.1M	$84.70M	$75.10M	$74.40M	$37.20M	$27.30M	$25.70M	$24.00M
YoY Change	-15.67%	-51.62%	1.47%	2.25%	-1.84%	6.25%	4.07%	0.82%	-6.87%	-12.37%	-7.43%	-3.87%	0.3%	-51.08%	-1.03%	31.87%	18.2%	15.9%	8.41%	15.23%	0.29%	-20.86%	-1.35%	21.73%	8.46%	14.92%	44.84%	17.31%	14.99%	0.3%	7.42%	6.24%	13.03%	20.54%	12.78%	0.94%	100.0%	36.26%	6.23%	7.08%
% of Gross Profit	1.66%	2.06%	4.64%	5.25%	4.51%	4.41%	4.26%	4.32%	4.42%	4.51%	5.36%	5.71%	6.19%	6.18%	14.82%	11.7%	9.24%	9.65%	8.74%	8.82%	8.74%	9.39%	12.45%	11.52%	10.23%	10.22%	9.86%	10.39%	10.45%	11.28%	12.7%	12.86%	13.11%	11.94%	11.75%	11.7%	12.85%	11.01%	13.32%	12.24%	13.87%
Operating Expenses	$2.751B	$2.713B	$239.0M	$214.0M	$221.0M	$233.0M	$225.0M	$223.0M	$218.0M	$227.0M	$240.0M	$240.0M	$221.0M	$213.0M	$3.131B	$3.410B	$3.050B	$2.376B	$2.251B	$2.062B	$1.870B	$1.740B	$1.796B	$1.793B	$1.674B	$1.592B	$1.511B	$914.0M	$808.0M	$696.0M	$668.0M	$609.0M	$577.0M	$510.0M	$418.0M	$369.0M	$339.0M	$213.0M	$123.0M	$115.0M	$105.0M
YoY Change	1.4%	1035.15%	11.68%	-3.17%	-5.15%	3.56%	0.9%	2.29%	-3.96%	-5.42%	0.0%	8.6%	3.76%	-93.2%	-8.18%	11.8%	28.37%	5.55%	9.17%	10.27%	7.47%	-3.12%	0.17%	7.11%	5.15%	5.36%	65.32%	13.12%	16.09%	4.19%	9.69%	5.55%	13.14%	22.01%	13.28%	8.85%	59.15%	73.17%	6.96%	9.52%
Operating Profit	$4.040B	$3.790B	$3.477B	$2.882B	$3.402B	$3.584B	$3.485B	$3.056B	$2.867B	$2.888B	$2.514B	$2.475B	$2.361B	$2.254B	$1.489B	$2.503B	$2.629B	$2.226B	$2.130B	$1.945B	$1.638B	$1.514B	$1.306B	$1.607B	$1.472B	$1.309B	$1.106B	$801.0M	$646.0M	$475.0M	$369.0M	$344.0M	$303.0M	$345.0M	$303.0M	$273.0M	$240.0M	$125.0M	$82.00M	$95.00M	$68.00M
YoY Change	6.6%	9.0%	20.65%	-15.29%	-5.08%	2.84%	14.04%	6.59%	-0.73%	14.88%	1.58%	4.83%	4.75%	51.38%	-40.51%	-4.79%	18.1%	4.51%	9.51%	18.74%	8.19%	15.93%	-18.73%	9.17%	12.45%	18.35%	38.08%	23.99%	36.0%	28.73%	7.27%	13.53%	-12.17%	13.86%	10.99%	13.75%	92.0%	52.44%	-13.68%	39.71%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Interest Expense	-$266.0M	-$203.0M	$202.0M	$206.0M	$221.0M	$257.0M	$260.0M	$237.0M	$226.0M	$250.0M	$239.0M	$213.0M	$191.0M	$175.0M	-$164.0M	-$109.0M	-$48.00M	$14.00M	$56.00M	$81.00M	-$50.00M	-$60.00M	-$57.00M	-$62.00M	-$52.00M	-$16.00M	-$5.000M	-$21.00M	-$19.00M	-$25.00M	-$35.00M	-$43.00M	-$44.00M	-$39.00M	-$31.00M	-$26.00M	-$33.00M	-$14.00M
YoY Change	31.03%	-200.5%	-1.94%	-6.79%	-14.01%	-1.15%	9.7%	4.87%	-9.6%	4.6%	12.21%	11.52%	9.14%	-206.71%	50.46%	127.08%	-442.86%	-75.0%	-30.86%	-262.0%	-16.67%	5.26%	-8.06%	19.23%	225.0%	220.0%	-76.19%	10.53%	-24.0%	-28.57%	-18.6%	-2.27%	12.82%	25.81%	19.23%	-21.21%	135.71%
% of Operating Profit	-6.58%	-5.36%	5.81%	7.15%	6.5%	7.17%	7.46%	7.76%	7.88%	8.66%	9.51%	8.61%	8.09%	7.76%	-11.01%	-4.35%	-1.83%	0.63%	2.63%	4.16%	-3.05%	-3.96%	-4.36%	-3.86%	-3.53%	-1.22%	-0.45%	-2.62%	-2.94%	-5.26%	-9.49%	-12.5%	-14.52%	-11.3%	-10.23%	-9.52%	-13.75%	-11.2%
Other Income/Expense, Net	$49.00M	$255.0M	$51.00M	$28.00M	$107.0M	$67.00M	$45.00M	$89.00M	$78.00M	$61.00M	$72.00M	$11.00M	$53.00M	$10.00M	-$5.000M	-$40.00M	$5.000M	-$9.000M	-$15.00M	$0.00	-$6.000M	-$1.000M	-$3.000M	-$6.000M	$2.000M	-$4.000M	$0.00	-$6.000M	-$1.000M	$0.00	$1.000M	$9.000M	$29.00M	-$6.000M	-$3.000M	-$14.00M	-$6.000M	$44.00M	-$12.00M	$5.000M	$15.00M
YoY Change	-80.78%	400.0%	82.14%	-73.83%	59.7%	48.89%	-49.44%	14.1%	27.87%	-15.28%	554.55%	-79.25%	430.0%	-300.0%	-87.5%	-900.0%	-155.56%	-40.0%		-100.0%	500.0%	-66.67%	-50.0%	-400.0%	-150.0%		-100.0%	500.0%		-100.0%	-88.89%	-68.97%	-583.33%	100.0%	-78.57%	133.33%	-113.64%	-466.67%	-340.0%	-66.67%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$3.823B	$3.842B	$1.667B	$1.419B	$1.774B	$1.774B	$1.806B	$1.653B	$1.660B	$1.669B	$1.444B	$2.207B	$1.270B	$1.217B	$1.214B	$2.352B	$2.584B	$2.214B	$2.156B	$1.999B	$1.576B	$1.434B	$1.231B	$1.496B	$1.341B	$1.281B	$1.100B	$770.0M	$624.0M	$450.0M	$336.0M	$310.0M	$288.0M	$300.0M	$269.0M	$233.0M	$200.0M	$143.0M	$70.00M	$99.00M	$83.00M
YoY Change	-0.49%	130.47%	17.48%	-20.01%	0.0%	-1.77%	9.26%	-0.42%	-0.54%	15.58%	-34.57%	73.78%	4.35%	0.25%	-48.38%	-8.98%	16.71%	2.69%	7.85%	26.84%	9.9%	16.49%	-17.71%	11.56%	4.68%	16.45%	42.86%	23.4%	38.67%	33.93%	8.39%	7.64%	-4.0%	11.52%	15.45%	16.5%	39.86%	104.29%	-29.29%	19.28%
Income Tax	$866.0M	$808.0M	$632.0M	$595.0M	$767.0M	$831.0M	$1.583B	$873.0M	$820.0M	$809.0M	$717.0M	$973.0M	$448.0M	$637.0M	$245.0M	$660.0M	$756.0M	$647.0M	$676.0M	$660.0M	$536.0M	$502.0M	$428.0M	$527.0M	$505.0M	$471.0M	$409.0M	$284.0M	$236.0M	$173.0M	$129.0M	$118.0M	$107.0M	$118.0M	$105.0M	$93.00M	$94.00M	$64.00M	$38.00M	$39.00M	$33.00M
% Of Pretax Income	22.65%	21.03%	37.91%	41.93%	43.24%	46.84%	87.65%	52.81%	49.4%	48.47%	49.65%	44.09%	35.28%	52.34%	20.18%	28.06%	29.26%	29.22%	31.35%	33.02%	34.01%	35.01%	34.77%	35.23%	37.66%	36.77%	37.18%	36.88%	37.82%	38.44%	38.39%	38.06%	37.15%	39.33%	39.03%	39.91%	47.0%	44.76%	54.29%	39.39%	39.76%
Net Earnings	$2.957B	$3.034B	$2.694B	$2.109B	$2.521B	$2.563B	$1.687B	$2.035B	$1.899B	$2.946B	$1.679B	$2.870B	$2.071B	$1.503B	$973.0M	$1.519B	$1.870B	$1.718B	$1.495B	$1.339B	$1.024B	$713.0M	$806.0M	$958.0M	$841.0M	$810.0M	$692.0M	$486.0M	$388.0M	$278.0M	$207.0M	$192.0M	$181.0M	$182.0M	$164.0M	$140.0M	$106.0M	$80.00M	$32.00M	$60.00M	$50.00M
YoY Change	-2.54%	12.62%	27.74%	-16.34%	-1.64%	51.93%	-17.1%	7.16%	-35.54%	75.46%	-41.5%	38.58%	37.79%	54.47%	-35.94%	-18.77%	8.85%	14.92%	11.65%	30.76%	43.62%	-11.54%	-15.87%	13.91%	3.83%	17.05%	42.39%	25.26%	39.57%	34.3%	7.81%	6.08%	-0.55%	10.98%	17.14%	32.08%	32.5%	150.0%	-46.67%	20.0%
Net Earnings / Revenue	18.36%	19.04%	18.64%	16.77%	17.87%	17.36%	11.79%	14.96%	14.17%	20.34%	11.88%	19.4%	14.27%	9.75%	7.17%	8.88%	11.61%	13.44%	11.92%	11.56%	10.2%	7.53%	8.67%	10.07%	9.51%	9.66%	9.07%	9.73%	9.29%	8.03%	6.55%	6.83%	6.86%	7.15%	7.55%	7.25%	6.24%	8.32%	5.37%	10.14%	10.04%
Basic Earnings Per Share	$9.77	$9.80	$8.55	$6.66	$7.78	$7.65	$4.90	$5.73	$5.16	$7.33	$3.76	$6.11	$4.21	$3.00
Diluted Earnings Per Share	$9.74	$9.765M	$8.51	$6.63	$7.74	$7.60	$4.86	$5.70	$5.13	$7.28	$3.74	$6.06	$4.19	$2.99	$1.938M	$2.916M	$3.363M	$3.014M	$2.618M	$2.195M	$1.657M	$1.157M	$1.315M	$1.573M	$1.381M	$1.330M	$1.136M	$973.9K	$816.8K	$612.3K	$458.0K	$429.5K	$406.7K	$418.4K	$383.2K	$332.5K	$256.7K	$195.6K	$79.60K	$149.6K	$125.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments	$1.065B	$708.0M	$1.527B	$2.564B	$1.981B	$1.504B	$3.094B	$2.472B	$3.090B	$3.990B	$3.618B	$2.779B	$1.178B	$1.186B	$1.319B	$743.0M	$828.0M	$590.0M	$370.0M	$667.0M	$1.684B	$1.058B	$282.0M	$151.0M	$233.0M	$110.0M	$186.0M	$138.0M	$117.0M	$77.00M	$35.00M	$31.00M	$93.00M	$47.00M	$31.00M	$27.00M	$32.00M	$27.00M	$54.00M	$66.00M	$82.00M
YoY Change	50.42%	-53.63%	-40.44%	29.43%	31.72%	-51.39%	25.16%	-20.0%	-22.56%	10.28%	30.19%	135.91%	-0.67%	-10.08%	77.52%	-10.27%	40.34%	59.46%	-44.53%	-60.39%	59.17%	275.18%	86.75%	-35.19%	111.82%	-40.86%	34.78%	17.95%	51.95%	120.0%	12.9%	-66.67%	97.87%	51.61%	14.81%	-15.63%	18.52%	-50.0%	-18.18%	-19.51%
Cash & Equivalents	$1.065B	$708.0M	$1.527B	$2.564B	$1.981B	$1.504B	$3.094B	$2.472B	$3.090B	$3.990B	$3.618B	$2.779B	$1.178B	$1.186B	$1.319B	$743.0M	$828.0M	$590.0M	$370.0M	$667.0M	$1.684B	$1.058B	$282.0M	$151.0M	$233.0M	$110.0M	$186.0M	$138.0M	$117.0M	$77.00M	$35.00M	$31.00M	$93.00M	$47.00M	$31.00M	$27.00M	$32.00M	$27.00M	$54.00M	$66.00M	$82.00M
Short-Term Investments
Other Short-Term Assets	$340.0M	$337.0M	$211.0M	$149.0M	$497.0M	$157.0M	$145.0M	$142.0M	$146.0M	$222.0M	$2.398B	$552.0M	$960.0M	$496.0M	$444.0M	$477.0M	$508.0M	$361.0M	$304.0M	$319.0M	$386.0M	$355.0M	$437.0M	$426.0M	$325.0M	$417.0M	$248.0M	$197.0M	$156.0M	$134.0M	$110.0M	$81.00M	$85.00M	$154.0M	$48.00M	$55.00M	$63.00M	$52.00M	$28.00M	$12.00M	$12.00M
YoY Change	0.89%	59.72%	41.61%	-70.02%	216.56%	8.28%	2.11%	-2.74%	-34.23%	-90.74%	334.42%	-42.5%	93.55%	11.71%	-6.92%	-6.1%	40.72%	18.75%	-4.7%	-17.36%	8.73%	-18.76%	2.58%	31.08%	-22.06%	68.15%	25.89%	26.28%	16.42%	21.82%	35.8%	-4.71%	-44.81%	220.83%	-12.73%	-12.7%	21.15%	85.71%	133.33%	0.0%
Inventory	$1.707B	$2.054B	$1.694B	$1.189B	$1.164B	$1.318B	$1.220B	$1.076B	$1.086B	$1.180B	$1.247B	$1.585B	$1.716B	$1.635B	$1.356B	$1.775B	$1.626B	$1.483B	$1.203B	$1.281B	$992.0M	$963.0M	$994.0M	$1.108B	$1.084B	$1.037B	$523.0M	$526.0M	$519.0M	$439.0M	$404.0M	$401.0M	$427.0M	$468.0M	$365.0M	$316.0M	$291.0M	$279.0M	$83.00M	$82.00M	$71.00M
Prepaid Expenses
Receivables	$3.123B	$3.171B	$2.840B	$2.506B	$2.461B	$2.622B	$2.628B	$2.357B	$2.203B	$2.293B	$2.365B	$2.742B	$2.819B	$2.582B	$2.491B	$2.572B	$2.916B	$2.471B	$2.098B	$2.055B	$1.721B	$1.500B	$1.450B	$1.583B	$1.631B	$1.466B	$902.0M	$840.0M	$741.0M	$613.0M	$544.0M	$492.0M	$483.0M	$474.0M	$380.0M	$317.0M	$287.0M	$240.0M	$98.00M	$101.0M	$85.00M
Other Receivables	$0.00	$0.00	$102.0M	$115.0M	$150.0M	$177.0M	$191.0M	$76.00M	$195.0M	$179.0M	$188.0M	$302.0M	$177.0M	$70.00M	$64.00M	$188.0M	$289.0M	$302.0M	$136.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$6.235B	$6.270B	$6.374B	$6.523B	$6.253B	$5.778B	$7.278B	$6.123B	$6.720B	$7.864B	$9.816B	$7.960B	$6.849B	$5.970B	$5.675B	$5.754B	$6.166B	$5.206B	$4.112B	$4.322B	$4.783B	$3.875B	$3.163B	$3.268B	$3.273B	$3.029B	$1.859B	$1.701B	$1.532B	$1.263B	$1.094B	$1.005B	$1.088B	$1.143B	$824.0M	$714.0M	$674.0M	$598.0M	$262.0M	$262.0M	$249.0M
YoY Change	-0.56%	-1.63%	-2.28%	4.32%	8.22%	-20.61%	18.86%	-8.88%	-14.55%	-19.89%	23.32%	16.22%	14.72%	5.2%	-1.37%	-6.68%	18.44%	26.61%	-4.86%	-9.64%	23.43%	22.51%	-3.21%	-0.15%	8.06%	62.94%	9.29%	11.03%	21.3%	15.45%	8.86%	-7.63%	-4.81%	38.71%	15.41%	5.93%	12.71%	128.24%	0.0%	5.22%
Property, Plant & Equipment	$1.976B	$1.848B	$2.031B	$1.993B	$1.935B	$1.791B	$1.778B	$1.652B	$1.577B	$1.686B	$1.709B	$1.994B	$2.025B	$2.066B	$2.137B	$2.109B	$2.194B	$2.053B	$1.807B	$1.877B	$1.729B	$1.631B	$1.634B	$1.630B	$1.634B	$1.492B	$884.0M	$808.0M	$695.0M	$641.0M	$584.0M	$524.0M	$526.0M	$484.0M	$414.0M	$390.0M	$319.0M	$318.0M	$137.0M	$119.0M	$109.0M
YoY Change	6.93%	-9.01%	1.91%	3.0%	8.04%	0.73%	7.63%	4.76%	-6.47%	-1.35%	-14.29%	-1.53%	-1.98%	-3.32%	1.33%	-3.87%	6.87%	13.61%	-3.73%	8.56%	6.01%	-0.18%	0.25%	-0.24%	9.52%	68.78%	9.41%	16.26%	8.42%	9.76%	11.45%	-0.38%	8.68%	16.91%	6.15%	22.26%	0.31%	132.12%	15.13%	9.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments					$51.00M	$51.00M	$53.00M	$73.00M	$212.0M	$251.0M	$294.0M	$320.0M	$409.0M	$441.0M	$451.0M	$466.0M	$508.0M	$595.0M	$896.0M	$934.0M	$864.0M	$1.212B	$1.152B	$844.0M	$886.0M	$890.0M	$763.0M	$843.0M	$468.0M	$113.0M	$60.00M	$61.00M	$64.00M	$66.00M	$73.00M	$184.0M	$72.00M	$46.00M	$85.00M	$67.00M	$54.00M
YoY Change					0.0%	-3.77%	-27.4%	-65.57%	-15.54%	-14.63%	-8.13%	-21.76%	-7.26%	-2.22%	-3.22%	-8.27%	-14.62%	-33.59%	-4.07%	8.1%	-28.71%	5.21%	36.49%	-4.74%	-0.45%	16.64%	-9.49%	80.13%	314.16%	88.33%	-1.64%	-4.69%	-3.03%	-9.59%	-60.33%	155.56%	56.52%	-45.88%	26.87%	24.07%
Other Assets	$1.741B	$1.672B	$1.735B	$1.625B	$1.486B	$1.533B	$1.647B	$1.332B	$1.221B	$1.198B	$1.262B	$1.247B	$1.239B	$1.193B	$1.195B	$537.0M	$940.0M	$845.0M	$924.0M	$1.026B	$1.019B	$1.204B	$1.100B	$1.310B	$1.132B	$1.187B	$997.0M	$638.0M	$310.0M	$100.0M	$236.0M	$258.0M	$229.0M	$162.0M	$88.00M	$25.00M	$80.00M	$117.0M	$23.00M	$36.00M	$38.00M
YoY Change	4.13%	-3.63%	6.77%	9.35%	-3.07%	-6.92%	23.65%	9.09%	1.92%	-5.07%	1.2%	0.65%	3.86%	-0.17%	122.53%	-42.87%	11.24%	-8.55%	-9.94%	0.69%	-15.37%	9.45%	-16.03%	15.72%	-4.63%	19.06%	56.27%	105.81%	210.0%	-57.63%	-8.53%	12.66%	41.36%	84.09%	252.0%	-68.75%	-31.62%	408.7%	-36.11%	-5.26%
Total Long-Term Assets	$9.283B	$9.152B	$9.703B	$9.089B	$8.815B	$9.092B	$9.502B	$9.078B	$9.009B	$9.601B	$10.15B	$11.35B	$11.14B	$10.44B	$10.41B	$9.450B	$9.360B	$8.674B	$7.334B	$7.030B	$6.410B	$6.748B	$6.659B	$6.247B	$5.787B	$5.183B	$3.536B	$3.105B	$2.059B	$1.317B	$1.243B	$1.199B	$1.169B	$1.007B	$864.0M	$666.0M	$660.0M	$678.0M	$260.0M	$222.0M	$201.0M
YoY Change	1.43%	-5.68%	6.76%	3.11%	-3.05%	-4.31%	4.67%	0.77%	-6.17%	-5.41%	-10.56%	1.92%	6.64%	0.34%	10.13%	0.96%	7.91%	18.27%	4.32%	9.67%	-5.01%	1.34%	6.6%	7.95%	11.65%	46.58%	13.88%	50.8%	56.34%	5.95%	3.67%	2.57%	16.09%	16.55%	29.73%	0.91%	-2.65%	160.77%	17.12%	10.45%
Total Assets	$15.52B	$15.42B	$16.08B	$15.61B	$15.07B	$14.87B	$16.78B	$15.20B	$15.73B	$17.47B	$19.97B	$19.31B	$17.98B	$16.41B	$16.08B	$15.20B	$15.53B	$13.88B	$11.45B	$11.35B	$11.19B	$10.62B	$9.822B	$9.515B	$9.060B	$8.212B	$5.395B	$4.806B	$3.591B	$2.580B	$2.337B	$2.204B	$2.257B	$2.150B	$1.688B	$1.380B	$1.334B	$1.276B	$522.0M	$484.0M	$450.0M
YoY Change
Accounts Payable	$581.0M	$594.0M	$585.0M	$534.0M	$472.0M	$524.0M	$590.0M	$511.0M	$449.0M	$512.0M	$634.0M	$676.0M	$697.0M	$749.0M	$690.0M	$684.0M	$854.0M	$708.0M	$560.0M	$604.0M	$481.0M	$417.0M	$367.0M	$438.0M	$470.0M	$421.0M	$269.0M	$248.0M	$221.0M	$175.0M	$149.0M	$138.0M	$155.0M	$157.0M	$123.0M	$105.0M	$108.0M	$93.00M	$28.00M	$25.00M	$22.00M
YoY Change	-2.19%	1.54%	9.55%	13.14%	-9.92%	-11.19%	15.46%	13.81%	-12.3%	-19.24%	-6.21%	-3.01%	-6.94%	8.55%	0.88%	-19.91%	20.62%	26.43%	-7.28%	25.57%	15.35%	13.62%	-16.21%	-6.81%	11.64%	56.51%	8.47%	12.22%	26.29%	17.45%	7.97%	-10.97%	-1.27%	27.64%	17.14%	-2.78%	16.13%	232.14%	12.0%	13.64%
Accrued Expenses	$1.663B	$1.728B	$1.254B	$1.062B	$1.029B	$1.056B	$1.053B	$1.022B	$967.0M	$1.093B	$1.065B	$1.149B	$1.190B	$1.127B	$1.126B	$1.083B	$1.116B	$1.014B	$894.0M	$959.0M	$871.0M	$865.0M	$795.0M	$783.0M	$906.0M	$853.0M	$458.0M	$483.0M	$367.0M	$297.0M	$234.0M	$200.0M	$229.0M	$238.0M	$178.0M	$143.0M	$139.0M	$145.0M	$36.00M	$33.00M	$31.00M
YoY Change	-3.76%	37.8%	18.08%	3.21%	-2.56%	0.28%	3.03%	5.69%	-11.53%	2.63%	-7.31%	-3.45%	5.59%	0.09%	3.97%	-2.96%	10.06%	13.42%	-6.78%	10.1%	0.69%	8.81%	1.53%	-13.58%	6.21%	86.24%	-5.18%	31.61%	23.57%	26.92%	17.0%	-12.66%	-3.78%	33.71%	24.48%	2.88%	-4.14%	302.78%	9.09%	6.45%
Deferred Revenue
YoY Change
Short-Term Debt	$464.0M	$1.053B	$210.0M	$0.00	$0.00	$1.000M	$849.0M	$2.000M	$525.0M	$1.475B	$1.717B	$453.0M	$240.0M	$74.00M	$206.0M	$1.924B	$252.0M	$446.0M	$241.0M	$199.0M	$53.00M	$73.00M	$162.0M	$303.0M	$260.0M	$336.0M	$90.00M	$115.0M	$168.0M	$65.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-55.94%	401.43%			-100.0%	-99.88%	42350.0%	-99.62%	-64.41%	-14.09%	279.03%	88.75%	224.32%	-64.08%	-89.29%	663.49%	-43.5%	85.06%	21.11%	275.47%	-27.4%	-54.94%	-46.53%	16.54%	-22.62%	273.33%	-21.74%	-31.55%	158.46%
Long-Term Debt Due	$1.825B	$1.590B	$568.0M	$350.0M	$4.000M	$1.350B	$1.000M	$650.0M	$1.000M	$1.000M	$1.834B	$6.000M	$262.0M	$252.0M	$8.000M	$510.0M	$159.0M	$17.00M	$12.00M	$4.000M	$4.000M	$49.00M	$152.0M	$123.0M	$294.0M	$92.00M	$208.0M	$275.0M	$8.000M	$2.000M	$107.0M	$83.00M	$182.0M	$65.00M	$36.00M	$29.00M	$48.00M	$36.00M	$8.000M	$6.000M	$6.000M
YoY Change	14.78%	179.93%	62.29%	8650.0%	-99.7%	134900.0%	-99.85%	64900.0%	0.0%	-99.95%	30466.67%	-97.71%	3.97%	3050.0%	-98.43%	220.75%	835.29%	41.67%	200.0%	0.0%	-91.84%	-67.76%	23.58%	-58.16%	219.57%	-55.77%	-24.36%	3337.5%	300.0%	-98.13%	28.92%	-54.4%	180.0%	80.56%	24.14%	-39.58%	33.33%	350.0%	33.33%	0.0%
Total Short-Term Liabilities	$4.675B	$4.460B	$3.470B	$2.589B	$2.154B	$3.542B	$3.053B	$2.760B	$2.368B	$3.525B	$6.034B	$2.651B	$2.977B	$3.023B	$2.836B	$4.825B	$2.960B	$2.637B	$2.001B	$1.851B	$1.489B	$1.598B	$1.576B	$1.757B	$2.045B	$1.852B	$1.158B	$1.219B	$851.0M	$628.0M	$546.0M	$513.0M	$646.0M	$528.0M	$384.0M	$321.0M	$342.0M	$304.0M	$90.00M	$79.00M	$81.00M
YoY Change	4.82%	28.53%	34.03%	20.19%	-39.19%	16.02%	10.62%	16.55%	-32.82%	-41.58%	127.61%	-10.95%	-1.52%	6.59%	-41.22%	63.01%	12.25%	31.78%	8.1%	24.31%	-6.82%	1.4%	-10.3%	-14.08%	10.42%	59.93%	-5.0%	43.24%	35.51%	15.02%	6.43%	-20.59%	22.35%	37.5%	19.63%	-6.14%	12.5%	237.78%	13.92%	-2.47%
Long-Term Debt	$6.339B	$6.173B	$6.909B	$7.772B	$7.754B	$6.029B	$7.478B	$7.177B	$6.896B	$5.943B	$2.793B	$4.589B	$3.488B	$2.542B	$2.915B	$1.248B	$1.889B	$956.0M	$958.0M	$921.0M	$920.0M	$1.460B	$1.267B	$1.549B	$1.361B	$1.208B	$854.0M	$819.0M	$616.0M	$273.0M	$376.0M	$252.0M	$307.0M	$431.0M	$334.0M	$226.0M	$310.0M	$468.0M	$10.00M	$11.00M	$12.00M
YoY Change	2.69%	-10.65%	-11.1%	0.23%	28.61%	-19.38%	4.19%	4.07%	16.04%	112.78%	-39.14%	31.57%	37.21%	-12.8%	133.57%	-33.93%	97.59%	-0.21%	4.02%	0.11%	-36.99%	15.23%	-18.21%	13.81%	12.67%	41.45%	4.27%	32.95%	125.64%	-27.39%	49.21%	-17.92%	-28.77%	29.04%	47.79%	-27.1%	-33.76%	4580.0%	-9.09%	-8.33%
Other Long-Term Liabilities	$1.165B	$1.216B	$1.418B	$1.481B	$1.462B	$1.334B	$1.496B	$871.0M	$981.0M	$1.002B	$923.0M	$1.255B	$1.368B	$1.081B	$1.306B	$1.330B	$1.065B	$1.012B	$940.0M	$952.0M	$910.0M	$915.0M	$939.0M	$808.0M	$839.0M	$909.0M	$576.0M	$372.0M	$201.0M	$68.00M	$64.00M	$46.00M	$33.00M	$37.00M	$26.00M	$21.00M	$18.00M	$13.00M	$12.00M	$9.000M	$8.000M
YoY Change	-4.19%	-14.25%	-4.25%	1.3%	9.6%	-10.83%	71.76%	-11.21%	-2.1%	8.56%	-26.45%	-8.26%	26.55%	-17.23%	-1.8%	24.88%	5.24%	7.66%	-1.26%	4.62%	-0.55%	-2.56%	16.21%	-3.69%	-7.7%	57.81%	54.84%	85.07%	195.59%	6.25%	39.13%	39.39%	-10.81%	42.31%	23.81%	16.67%	38.46%	8.33%	33.33%	12.5%
Total Long-Term Liabilities	$7.504B	$7.389B	$8.327B	$9.253B	$9.216B	$7.363B	$8.974B	$8.048B	$7.877B	$6.945B	$3.716B	$5.844B	$4.856B	$3.623B	$4.221B	$2.578B	$2.954B	$1.968B	$1.898B	$1.873B	$1.830B	$2.375B	$2.206B	$2.357B	$2.200B	$2.117B	$1.430B	$1.191B	$817.0M	$341.0M	$440.0M	$298.0M	$340.0M	$468.0M	$360.0M	$247.0M	$328.0M	$481.0M	$22.00M	$20.00M	$20.00M
YoY Change	1.56%	-11.26%	-10.01%	0.4%	25.17%	-17.95%	11.51%	2.17%	13.42%	86.89%	-36.41%	20.35%	34.03%	-14.17%	63.73%	-12.73%	50.1%	3.69%	1.33%	2.35%	-22.95%	7.66%	-6.41%	7.14%	3.92%	48.04%	20.07%	45.78%	139.59%	-22.5%	47.65%	-12.35%	-27.35%	30.0%	45.75%	-24.7%	-31.81%	2086.36%	10.0%	0.0%
Total Liabilities	$12.51B	$12.33B	$12.45B	$12.43B	$12.04B	$11.62B	$12.20B	$10.95B	$10.51B	$10.65B	$10.26B	$8.748B	$7.966B	$6.852B	$7.274B	$7.540B	$6.175B	$4.863B	$3.899B	$3.724B	$3.319B	$3.974B	$3.782B	$4.114B	$4.245B	$3.969B	$2.588B	$2.410B	$1.667B	$1.039B	$1.078B	$865.0M	$1.045B	$1.058B	$817.0M	$636.0M	$726.0M	$800.0M	$118.0M	$106.0M	$110.0M
YoY Change	1.39%	-0.95%	0.17%	3.23%	3.67%	-4.75%	11.4%	4.21%	-1.32%	3.73%	17.32%	9.82%	16.26%	-5.8%	-3.53%	22.11%	26.98%	24.72%	4.7%	12.2%	-16.48%	5.08%	-8.07%	-3.09%	6.95%	53.36%	7.39%	44.57%	60.44%	-3.62%	24.62%	-17.22%	-1.23%	29.5%	28.46%	-12.4%	-9.25%	577.97%	11.32%	-3.64%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	302.6M shares	309.6M shares	315.1M shares	316.9M shares	323.9M shares	335.0M shares	344.1M shares	355.0M shares	367.9M shares	401.7M shares	446.2M shares	469.8M shares	491.4M shares	500.8M shares
Diluted Shares Outstanding	303.6M shares	310.7M shares	316.4M shares	318.3M shares	325.6M shares	337.1M shares	346.8M shares	357.1M shares	370.1M shares	404.6M shares	449.3M shares	473.2M shares	494.6M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $81.473 Billion

About ILLINOIS TOOL WORKS INC

Illinois Tool Works, Inc. engages in the manufacture of industrial products and equipment. The company is headquartered in Glenview, Illinois and currently employs 45,000 full-time employees. The firm's segments include Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products, and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Food Equipment segment produces ware washing equipment, cooking equipment, refrigeration equipment, food processing equipment, kitchen exhaust, ventilation and pollution control systems and others. Its Welding segment produces arc welding equipment and metal arc welding consumables and related accessories. The Specialty Products segment offers conveyor systems and line automation for the food and beverage industries; plastic consumables that multi-pack cans and bottles and related equipment; airport ground support equipment; components for medical devices, and others.

Industry: General Industrial Machinery & Equipment Peers: DOVER Corp Fortive Corp Ingersoll Rand Inc. IDEX CORP /DE/ Xylem Inc. NORDSON CORP Otis Worldwide Corp PARKER HANNIFIN CORP STANLEY BLACK & DECKER, INC.