Illinois Tool Works Inc. (ITW) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 6.33B | 6.2B | 6.32B | 6.23B | 6.04B | 5.86B | 6.3B | 6.26B | 6.37B | 6.24B | 6.29B | 6.4B | 6.69B | 6.27B | 6.2B | 6.37B | 6.68B | 6.37B | 6.58B | 6.51B |
| Cash & Short-Term Investments | 827M | 851M | 924M | 788M | 873M | 948M | 947M | 862M | 959M | 1.06B | 990M | 922M | 1.14B | 708M | 774M | 879M | 1.3B | 1.53B | 1.99B | 2.06B |
| Cash Only | 827M | 851M | 924M | 788M | 873M | 948M | 947M | 862M | 959M | 1.06B | 990M | 922M | 1.14B | 708M | 774M | 879M | 1.3B | 1.53B | 1.99B | 2.06B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.38B | 3.23B | 3.25B | 3.32B | 3.15B | 3.1B | 3.23B | 3.25B | 3.24B | 3.25B | 3.16B | 3.22B | 3.2B | 3.27B | 3.03B | 3.11B | 3.13B | 2.94B | 2.73B | 2.79B |
| Days Sales Outstanding | 74.03 | 72.85 | 74.51 | 72.67 | 73.25 | 73.96 | 75.11 | 73.31 | 74.31 | 74.08 | 72.79 | 71.67 | 72.49 | 73.03 | 70.42 | 70.73 | 69.32 | 70.91 | 71.34 | 67.43 |
| Inventory | 1.73B | 1.66B | 1.73B | 1.71B | 1.66B | 1.6B | 1.82B | 1.82B | 1.82B | 1.71B | 1.8B | 1.92B | 2B | 2.05B | 2.01B | 1.98B | 1.88B | 1.69B | 1.52B | 1.4B |
| Days Inventory Outstanding | 67.52 | 68.15 | 70.13 | 67.58 | 67.4 | 70.09 | 74.14 | 72.5 | 74.06 | 69.01 | 72.94 | 75.15 | 76.91 | 79.8 | 76.19 | 72.36 | 67.29 | 66.56 | 63.15 | 55.8 |
| Other Current Assets | 0 | 0 | 416M | 416M | 348M | 147M | 314M | 325M | 349M | 157M | 336M | 345M | 344M | 183M | 103M | 103M | 0 | 140M | 0 | 0 |
| Total Non-Current Assets | 9.93B | 9.95B | 9.81B | 9.81B | 9.43B | 9.21B | 9.52B | 9.32B | 9.28B | 9.28B | 9.11B | 9.25B | 9.23B | 9.15B | 9.03B | 9.29B | 9.6B | 9.7B | 8.94B | 9.07B |
| Property, Plant & Equipment | 2.23B | 2.23B | 2.2B | 2.18B | 2.08B | 2.3B | 2.07B | 2.01B | 1.97B | 2.22B | 1.9B | 1.9B | 1.89B | 1.85B | 1.71B | 1.74B | 1.79B | 1.81B | 1.74B | 1.77B |
| Fixed Asset Turnover | 1.80x | 1.85x | 1.85x | 1.90x | 1.75x | 1.80x | 1.94x | 2.02x | 1.89x | 1.93x | 2.12x | 2.15x | 2.15x | 2.24x | 2.33x | 2.27x | 2.19x | 2.07x | 2.03x | 2.09x |
| Goodwill | 5.08B | 5.1B | 5.03B | 5.04B | 4.9B | 4.84B | 4.98B | 4.91B | 4.9B | 4.91B | 4.83B | 4.89B | 4.88B | 4.86B | 4.76B | 4.87B | 5.01B | 4.96B | 4.61B | 4.66B |
| Intangible Assets | 574M | 591M | 540M | 558M | 572M | 592M | 617M | 641M | 653M | 657M | 682M | 708M | 738M | 768M | 798M | 832M | 875M | 972M | 683M | 716M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.54B | 2.03B | 1.47B | 1.48B | 1.43B | 1.11B | 1.38B | 1.31B | 1.29B | 1.01B | 1.24B | 1.25B | 1.22B | 1.18B | 1.32B | 1.36B | 1.38B | 1.41B | 1.32B | 1.32B |
| Total Assets | 16.26B | 16.15B | 16.14B | 16.05B | 15.47B | 15.07B | 15.82B | 15.58B | 15.65B | 15.52B | 15.39B | 15.65B | 15.92B | 15.42B | 15.23B | 15.67B | 16.29B | 16.08B | 15.52B | 15.58B |
| Asset Turnover | 0.25x | 0.25x | 0.25x | 0.26x | 0.25x | 0.25x | 0.25x | 0.26x | 0.25x | 0.26x | 0.26x | 0.26x | 0.26x | 0.26x | 0.26x | 0.25x | 0.24x | 0.23x | 0.23x | 0.24x |
| Asset Growth % | 5.15% | 7.17% | 1.97% | 3.02% | -1.18% | -2.91% | 2.79% | -0.48% | -1.68% | 0.62% | 1.11% | -0.09% | -2.24% | -4.07% | -1.88% | 0.55% | 3.98% | 2.98% | 3.86% | 9.23% |
| Total Current Liabilities | 5.33B | 5.13B | 4.13B | 3.93B | 3.78B | 4.31B | 4.63B | 4.8B | 4.84B | 4.67B | 3.98B | 4.04B | 5.6B | 4.46B | 4.39B | 4.29B | 3.86B | 3.47B | 3B | 2.96B |
| Accounts Payable | 609M | 522M | 608M | 613M | 594M | 519M | 556M | 576M | 597M | 581M | 580M | 590M | 599M | 594M | 618M | 679M | 696M | 585M | 565M | 607M |
| Days Payables Outstanding | 22.56 | 22.76 | 24.93 | 24.18 | 22.95 | 22.02 | 23.08 | 23.34 | 24.7 | 22.85 | 22.94 | 22.79 | 22.63 | 23.82 | 24.82 | 25.79 | 24.1 | 23.79 | 25.31 | 24.79 |
| Short-Term Debt | 2.54B | 2.29B | 1.27B | 1.24B | 981M | 1.55B | 1.77B | 2.04B | 2.07B | 1.82B | 1.25B | 1.27B | 2.87B | 1.59B | 1.69B | 1.52B | 1.04B | 778M | 579M | 592M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 360M | 0 | 0 | 0 | 395M | 0 | 0 | 0 | 427M | 0 | 0 | 0 | 394M | 0 | 0 |
| Other Current Liabilities | 643M | 465M | 467M | 0 | 0 | 421M | 0 | 0 | 0 | 455M | 0 | 0 | 1M | 467M | 28M | 30M | 0 | 474M | 0 | 0 |
| Current Ratio | 1.19x | 1.21x | 1.53x | 1.59x | 1.60x | 1.36x | 1.36x | 1.30x | 1.32x | 1.33x | 1.58x | 1.59x | 1.20x | 1.41x | 1.41x | 1.48x | 1.73x | 1.84x | 2.20x | 2.20x |
| Quick Ratio | 0.86x | 0.89x | 1.11x | 1.15x | 1.16x | 0.99x | 0.97x | 0.92x | 0.94x | 0.97x | 1.13x | 1.11x | 0.84x | 0.95x | 0.95x | 1.02x | 1.24x | 1.35x | 1.69x | 1.73x |
| Cash Conversion Cycle | 118.99 | 118.25 | 119.72 | 116.06 | 117.69 | 122.03 | 126.17 | 122.47 | 123.67 | 120.23 | 122.79 | 124.03 | 126.77 | 129.01 | 121.79 | 117.3 | 112.52 | 113.68 | 109.18 | 98.44 |
| Total Non-Current Liabilities | 7.7B | 7.8B | 8.79B | 8.9B | 8.45B | 7.44B | 7.8B | 7.81B | 7.79B | 7.83B | 8.41B | 8.52B | 7.22B | 7.87B | 7.82B | 7.99B | 8.85B | 8.98B | 9.03B | 9.1B |
| Long-Term Debt | 6.6B | 6.68B | 7.67B | 7.7B | 7.28B | 6.31B | 6.58B | 6.43B | 6.26B | 6.34B | 6.82B | 6.95B | 5.51B | 6.17B | 5.94B | 6.12B | 6.82B | 6.91B | 6.97B | 7.06B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 158M | 0 | 0 | 0 | 148M | 0 | 0 | 0 | 131M | 0 | 0 | 0 | 133M | 0 | 0 |
| Deferred Tax Liabilities | 158M | 154M | 149M | 144M | 127M | 119M | 129M | 381M | 380M | 326M | 464M | 451M | 477M | 484M | 655M | 632M | 627M | 654M | 633M | 617M |
| Other Non-Current Liabilities | 942M | 959M | 970M | 1.07B | 1.04B | 857M | 1.1B | 1B | 1.15B | 1.02B | 1.13B | 1.12B | 1.24B | 1.08B | 1.23B | 1.25B | 1.4B | 1.28B | 1.42B | 1.43B |
| Total Liabilities | 13.03B | 12.92B | 12.93B | 12.84B | 12.23B | 11.75B | 12.43B | 12.62B | 12.63B | 12.51B | 12.39B | 12.56B | 12.82B | 12.33B | 12.21B | 12.29B | 12.7B | 12.45B | 12.02B | 12.06B |
| Total Debt | 9.15B | 8.97B | 8.94B | 8.94B | 8.26B | 8.08B | 8.35B | 8.47B | 8.32B | 8.37B | 8.07B | 8.22B | 8.38B | 7.95B | 7.63B | 7.64B | 7.86B | 7.88B | 7.55B | 7.65B |
| Net Debt | 8.32B | 8.12B | 8.02B | 8.15B | 7.39B | 7.13B | 7.4B | 7.61B | 7.37B | 7.3B | 7.08B | 7.3B | 7.24B | 7.24B | 6.85B | 6.76B | 6.56B | 6.35B | 5.56B | 5.59B |
| Debt / Equity | 2.83x | 2.78x | 2.79x | 2.78x | 2.55x | 2.44x | 2.46x | 2.86x | 2.76x | 2.78x | 2.69x | 2.66x | 2.70x | 2.57x | 2.53x | 2.26x | 2.19x | 2.17x | 2.16x | 2.17x |
| Debt / EBITDA | 8.81x | 7.57x | 7.38x | 7.66x | 7.90x | 7.13x | 7.22x | 7.35x | 6.80x | 7.70x | 6.91x | 7.41x | 7.82x | 7.33x | 7.03x | 7.42x | 7.85x | 8.40x | 7.96x | 7.69x |
| Net Debt / EBITDA | 8.02x | 6.85x | 6.62x | 6.98x | 7.07x | 6.29x | 6.40x | 6.60x | 6.02x | 6.72x | 6.06x | 6.58x | 6.76x | 6.67x | 6.32x | 6.57x | 6.56x | 6.77x | 5.86x | 5.62x |
| Interest Coverage | 13.97x | 14.65x | 14.99x | 14.49x | 14.16x | 15.46x | 20.74x | 14.40x | 16.10x | 14.24x | 16.12x | 14.93x | 16.37x | 21.02x | 19.40x | 20.21x | 18.94x | 17.16x | 17.45x | 17.60x |
| Total Equity | 3.23B | 3.23B | 3.21B | 3.21B | 3.24B | 3.32B | 3.39B | 2.96B | 3.02B | 3.01B | 3B | 3.09B | 3.1B | 3.09B | 3.01B | 3.38B | 3.58B | 3.63B | 3.49B | 3.52B |
| Equity Growth % | -0.37% | -2.74% | -5.37% | 8.41% | 7.32% | 10.09% | 12.92% | -4.27% | -2.58% | -2.46% | -0.33% | -8.43% | -13.43% | -14.81% | -13.71% | -4.03% | 9.34% | 13.95% | 29.51% | 49.32% |
| Book Value per Share | 11.17 | 11.12 | 11.00 | 10.96 | 11.01 | 11.21 | 11.42 | 9.92 | 10.07 | 10.01 | 9.91 | 10.17 | 10.13 | 10.03 | 9.73 | 10.85 | 11.42 | 11.51 | 11.06 | 11.11 |
| Total Shareholders' Equity | 3.23B | 3.23B | 3.21B | 3.21B | 3.24B | 3.32B | 3.39B | 2.96B | 3.02B | 3.01B | 3B | 3.09B | 3.1B | 3.09B | 3.01B | 3.38B | 3.58B | 3.63B | 3.49B | 3.52B |
| Common Stock | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M |
| Retained Earnings | 30.45B | 30.15B | 29.82B | 29.47B | 29.15B | 28.89B | 28.58B | 27.87B | 27.52B | 27.12B | 26.82B | 26.47B | 26.11B | 25.8B | 25.29B | 24.97B | 24.61B | 24.32B | 24.1B | 23.84B |
| Treasury Stock | -27.25B | -26.88B | -26.5B | -26.12B | -25.75B | -25.38B | -25B | -24.62B | -24.24B | -23.87B | -23.49B | -23.12B | -22.74B | -22.38B | -21.88B | -21.38B | -21.01B | -20.64B | -20.39B | -20.14B |
| Accumulated OCI | -1.8B | -1.83B | -1.88B | -1.87B | -1.88B | -1.88B | -1.85B | -1.93B | -1.88B | -1.83B | -1.9B | -1.82B | -1.8B | -1.84B | -1.88B | -1.68B | -1.47B | -1.5B | -1.64B | -1.59B |
| Minority Interest | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |