Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. The Automotive OEM segment offers plastic and metal components, fasteners, and assemblies for automobiles, light trucks, and other industrial uses. The Food Equipment segment provides warewashing, refrigeration, cooking, and food processing equipment; kitchen exhaust, ventilation, and pollution control systems; and food equipment maintenance and repair services. The Test & Measurement and Electronics segment produces and sells equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. The Welding segment produces arc welding equipment; and metal arc welding consumables and related accessories. The Polymers & Fluids segment produces adhesives, sealants, lubrication and cutting fluids, and fluids and polymers for auto aftermarket maintenance and appearance. The Construction Products segment offers engineered fastening systems and solutions for the residential construction, renovation/remodel, and commercial construction markets. The Specialty Products segment offers beverage packaging equipment and consumables, product coding and marking equipment and consumables, and appliance components and fasteners. It serves the automotive OEM/tiers, commercial food equipment, construction, general industrial, and automotive aftermarket end markets. The company distributes its products directly to industrial manufacturers, as well as through independent distributors. Illinois Tool Works Inc. was founded in 1912 and is based in Glenview, Illinois.

Illinois Tool Works Inc.

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Assets	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Cash and Cash Equivalents	924	788	873	948	947	862
Cash and Equivalents
Total Cash and Cash Equivalents	924	788	873	948	947	862
Accounts Receivable	3,255	3,320	3,153	2,991	3,226	3,250
Trade Receivables
Total Trade Receivables	3,255	3,320	3,153	2,991	3,226	3,250
Inventories	1,725	1,710	1,663	1,605	1,817	1,819
Inventories
Other Current Assets	416	416	348	312	314	325
Deferred Income Taxes
Prepaid Expenses and Other Current Assets
Assets Held for Sale
Total Current Assets	6,320	6,234	6,037	5,856	6,304	6,256
Total Current Assets
Net Property, Plant & Equipment	2,203	2,177	2,085	2,036	2,071	2,011
Net Plant and Equipment
Net Intangible Assets	540	558	572	592	617	641
Intangible Assets
Goodwill	5,028	5,038	4,903	4,839	4,980	4,910
Goodwill
Other Long-Term Assets	2,044	2,041	1,871	1,744	1,852	1,759
Deferred Income Taxes
Other Assets
Total Assets	16,135	16,048	15,468	15,067	15,824	15,577
Total Assets

Liabilities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Accounts Payable	608	613	594	519	556	576
Accounts Payable
Accrued Expenses	1,567	1,544	1,477	1,576	1,655	1,615
Accrued Expenses
Short-Term Debt	1,267	1,242	981	1,555	1,768	2,044
Short-Term Debt
Other Current Liabilities	690	533	728	658	648	569
Cash Dividends Payable
Income Taxes Payable
Deferred Income Taxes
Liabilities Held for Sale
Total Current Liabilities	4,132	3,932	3,780	4,308	4,627	4,804
Total Current Liabilities
Long-Term Debt	7,675	7,695	7,282	6,308	6,578	6,429
Long-Term Debt
Other Long-Term Liabilities	1,119	1,210	1,164	1,134	1,227	1,382
Deferred Income Taxes
Noncurrent Income Taxes Payable
Other Liabilities
Total Long-Term Liabilities	8,794	8,905	8,446	7,442	7,805	7,811
Total Noncurrent Liabilities
Total Liabilities	12,926	12,837	12,226	11,750	12,432	12,615

Equity	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Common Stock	6	6	6	6	6	6
Common Stock
Treasury Stock	-26,498	-26,124	-25,746	-25,375	-25,000	-24,622
Common Stock Held in Treasury
Additional Paid-in Capital	1,751	1,725	1,705	1,669	1,651	1,636
Additional Paid-in-Capital
Accumulated Other Comprehensive Income	-1,876	-1,868	-1,878	-1,877	-1,849	-1,925
Accumulated Other Comprehensive Income (Loss)
Retained Earnings	29,825	29,471	29,154	28,893	28,583	27,866
Retained Earnings
Total Common Shareholders' Equity	3,208	3,210	3,241	3,316	3,391	2,961
Minority Interests and Other	1	1	1	1	1	1
Noncontrolling Interest
Total Shareholders' Equity	3,209	3,211	3,242	3,317	3,392	2,962
Total Stockholders' Equity
Total Liabilities and Shareholders' Equity	16,135	16,048	15,468	15,067	15,824	15,577
Total Liabilities and Stockholders' Equity