Illinois Tool Works Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	851	948	1,065	708	1,527
Cash & Short-Term Investments	851	948	1,065	708	1,527
Cash Growth	-10.23%	-10.99%	50.42%	-53.63%	-40.45%
Accounts Receivable	3,227	2,991	3,123	3,171	2,840
Inventory	1,659	1,605	1,707	2,054	1,694
Other Current Assets	463	312	340	337	313
Total Current Assets	6,200	5,856	6,235	6,270	6,374
Net Property, Plant & Equipment	2,230	2,036	1,976	1,848	1,809
Other Intangible Assets	591	592	657	768	972
Goodwill	5,098	4,839	4,909	4,864	4,965
Other Long-Term Assets	2,029	1,744	1,741	1,672	1,957
Total Assets	16,148	15,067	15,518	15,422	16,077
Accounts Payable	522	519	581	594	585
Accrued Expenses	1,636	1,576	1,663	1,728	1,648
Short-Term Debt	2,286	1,555	1,825	1,590	778
Other Current Liabilities	682	658	606	548	459
Total Current Liabilities	5,126	4,308	4,675	4,460	3,470
Long-Term Debt	6,683	6,308	6,339	6,173	6,909
Other Long-Term Liabilities	1,113	1,134	1,491	1,700	2,072
Total Long-Term Liabilities	7,796	7,442	7,830	7,873	8,981
Total Liabilities	12,922	11,750	12,505	12,333	12,451
Common Stock	6	6	6	6	6
Treasury Stock	-26,875	-25,375	-23,870	-22,377	-20,636
Additional Paid-in Capital	1,771	1,669	1,588	1,501	1,432
Accumulated Other Comprehensive Income	-1,827	-1,877	-1,834	-1,841	-1,502
Retained Earnings	30,150	28,893	27,122	25,799	24,325
Total Common Shareholders' Equity	3,225	3,316	3,012	3,088	3,625
Minority Interest	1	1	1	1	1
Shareholders' Equity	3,226	3,317	3,013	3,089	3,626
Total Liabilities & Equity	16,148	15,067	15,518	15,422	16,077
Total Debt	8,969	7,863	8,164	7,763	7,687
Net Cash (Debt)	-8,118	-6,915	-7,099	-7,055	-6,160
Net Cash Per Share	-27.77	-23.22	-23.38	-22.71	-19.47
Book Value	3,225	3,316	3,012	3,088	3,625
Book Value Per Share	11.03	11.13	9.92	9.94	11.46
Tangible Book Value	-2,464	-2,115	-2,554	-2,544	-2,312
Tangible Book Value Per Share	-8.43	-7.10	-8.41	-8.19	-7.31

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.