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Illinois Tool Works Inc. (ITW)

NYSE: ITW · General Industrial Machinery & Equipment · Glenview, IL · filing with the SEC since 1994
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Grade5.9
◀ Past 6.5● Present 6.9▶ Future 3.9
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Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedFeb 13, 2026Feb 14, 2025Feb 9, 2024Feb 10, 2023Feb 11, 2022Feb 12, 2021Feb 14, 2020Feb 15, 2019Feb 15, 2018Feb 10, 2017
Revenue16,04415,89816,10715,93214,45512,57414,10914,76814,31413,599
Cost of revenue8,9698,8589,3169,4298,4897,3758,1878,6048,306r7,908r
Research and development302292284269239214221233225223
Operating income4,2164,2644,0403,7903,4772,8823,4023,5843,485r3,056r
Interest expense292283266203202206221257260237
Interest and investment income40445122121729354538
Share of profit of equity-method investments00000000061
Other income (expense), net-5-11-1-4-556-1-2
Total non-operating income (expense)424414925551281076745r89r
Income before income taxes··3,8233,8423,3262,7043,2883,3943,2702,908
Income tax expense9009348668086325957678311,583873
Income from continuing operations·········2,035
Income from discontinued operations·········0
Net income including non-controlling interests3,0663,4882,9573,0342,6942,1092,5212,5631,6872,035
Earnings per share, basic10.5211.759.779.808.556.667.787.654.905.73
Earnings per share, diluted10.4911.719.749.778.516.637.747.604.865.70
Weighted average shares, basic291.5296.8302.6309.6315.1316.9323.9335.0344.1355.0
Weighted average shares, diluted292.3297.8303.6310.7316.4318.3325.6337.1346.8357.1
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues
us-gaap:SalesRevenueNet
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton ITW · research, not advice