Illinois Tool Works (ITW) balance sheet
NYSE · Industrials · Industrial - Machinery · 43,000 employees · CEO Christopher A. O'Herlihy
- Price
- $278.55 -1.01%
- Market cap
- $79.2B
- Enterprise value
- $87.7B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-02-02 EPS est. $2.97
At the end of Q3 '26 Illinois Tool Works (ITW) held $809M in cash and short-term investments against $9.37B of debt incl. leases. Total assets $16.5B, total liabilities $13.4B, shareholders' equity $3.14B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.07B | $959M | $862M | $947M | $948M | $873M | $788M | $924M | $851M | $827M | $839M | $809M | |
| Receivables | $3.25B | $3.24B | $3.25B | $3.23B | $3.1B | $3.15B | $3.32B | $3.26B | $3.4B | $3.38B | $3.56B | $3.52B | |
| Inventory | $1.71B | $1.83B | $1.82B | $1.82B | $1.61B | $1.66B | $1.71B | $1.73B | $1.66B | $1.73B | $1.76B | $1.82B | |
| Other current assets | $157M | $349M | $325M | $314M | $147M | $348M | $416M | $416M | $226M | $0 | $0 | $450M | |
| Current assets | $6.24B | $6.37B | $6.26B | $6.3B | $5.86B | $6.04B | $6.23B | $6.32B | $6.2B | $6.34B | $6.6B | $6.6B | |
| Property, plant & equipment (net) | $2.22B | $1.97B | $2.01B | $2.07B | $2.3B | $2.09B | $2.18B | $2.2B | $2.52B | $2.23B | $2.24B | $2.25B | |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6M | $0 | |
| Goodwill | $4.91B | $4.9B | $4.91B | $4.98B | $4.84B | $4.9B | $5.04B | $5.03B | $5.1B | $5.08B | $5.07B | $5.07B | |
| Intangible assets | $657M | $653M | $641M | $617M | $592M | $572M | $558M | $540M | $591M | $574M | $558M | $543M | |
| Deferred tax assets | $479M | $462M | $448M | $468M | $369M | $440M | $564M | $573M | $519M | $505M | $489M | $492M | |
| Other non-current assets | $1.01B | $1.29B | $1.31B | $1.38B | $1.11B | $1.43B | $1.48B | $1.47B | $1.22B | $1.54B | $1.54B | $1.54B | |
| Non-current assets | $9.28B | $9.28B | $9.32B | $9.52B | $9.21B | $9.43B | $9.81B | $9.82B | $9.95B | $9.93B | $9.9B | $9.9B | |
| Total assets | $15.5B | $15.7B | $15.6B | $15.8B | $15.1B | $15.5B | $16B | $16.1B | $16.1B | $16.3B | $16.5B | $16.5B | |
| Liabilities | |||||||||||||
| Accounts payable | $581M | $597M | $576M | $556M | $519M | $594M | $613M | $608M | $522M | $609M | $636M | $623M | |
| Accrued expenses | $755M | $1.51B | $1.62B | $1.66B | $738M | $1.48B | $1.54B | $1.57B | $1.64B | $1.53B | $1.59B | $1.64B | |
| Short-term debt | $1.83B | $2.07B | $2.04B | $1.77B | $1.56B | $981M | $1.24B | $1.27B | $2.29B | $2.55B | $3.15B | $2.22B | |
| Taxes payable | $187M | $251M | $153M | $205M | $217M | $289M | $96M | $223M | $0 | $180M | $123M | $133M | |
| Deferred revenue | $395M | $0 | $0 | $0 | $360M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other current liabilities | $455M | $0 | $0 | $0 | $421M | $0 | $0 | $467M | $465M | $643M | $0 | $623M | |
| Current liabilities | $4.68B | $4.84B | $4.8B | $4.63B | $4.31B | $3.78B | $3.93B | $4.13B | $5.13B | $5.33B | $5.95B | $5.1B | |
| Long-term debt | $6.34B | $6.26B | $6.43B | $6.58B | $6.31B | $7.28B | $7.7B | $7.68B | $6.68B | $6.6B | $6.55B | $7.15B | |
| Lease obligations (non-current) | $148M | $0 | $0 | $0 | $158M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred tax liabilities | $326M | $380M | $381M | $129M | $119M | $127M | $144M | $149M | $154M | $158M | $162M | $168M | |
| Other non-current liabilities | $1.02B | $1.15B | $1B | $1.1B | $857M | $1.04B | $1.07B | $970M | $959M | $942M | $935M | $934M | |
| Non-current liabilities | $7.83B | $7.79B | $7.81B | $7.81B | $7.44B | $8.45B | $8.91B | $8.79B | $7.8B | $7.7B | $7.65B | $8.26B | |
| Total liabilities | $12.5B | $12.6B | $12.6B | $12.4B | $11.8B | $12.2B | $12.8B | $12.9B | $12.9B | $13B | $13.6B | $13.4B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | |
| Retained earnings | $27.1B | $27.5B | $27.9B | $28.6B | $28.9B | $29.2B | $29.5B | $29.8B | $30.2B | $30.5B | $30.8B | $31.2B | |
| Accumulated other comprehensive income | -$1.83B | -$1.88B | -$1.93B | -$1.85B | -$1.88B | -$1.88B | -$1.87B | -$1.88B | -$1.83B | -$1.8B | -$1.76B | -$1.72B | |
| Shareholders' equity | $3.01B | $3.02B | $2.96B | $3.39B | $3.32B | $3.24B | $3.21B | $3.21B | $3.23B | $3.23B | $2.89B | $3.14B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $8.37B | $8.33B | $8.47B | $8.35B | $8.08B | $8.26B | $8.94B | $8.94B | $8.97B | $9.15B | $9.69B | $9.37B | |
| Net debt (debt - cash) | $7.31B | $7.37B | $7.61B | $7.4B | $7.13B | $7.39B | $8.15B | $8.02B | $8.12B | $8.32B | $8.86B | $8.56B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $2.47B | $3.09B | $1.5B | $1.98B | $2.56B | $1.53B | $708M | $1.07B | $948M | $851M | |
| Receivables | $2.36B | $2.63B | $2.62B | $2.61B | $2.62B | $2.94B | $3.27B | $3.25B | $3.1B | $3.4B | |
| Inventory | $1.08B | $1.22B | $1.32B | $1.16B | $1.19B | $1.69B | $2.05B | $1.71B | $1.61B | $1.66B | |
| Other current assets | $218M | $336M | $334M | $472M | $119M | $140M | $183M | $157M | $147M | $226M | |
| Current assets | $6.12B | $7.28B | $5.78B | $6.25B | $6.52B | $6.37B | $6.27B | $6.24B | $5.86B | $6.2B | |
| Property, plant & equipment (net) | $1.65B | $1.78B | $1.79B | $1.73B | $1.78B | $1.81B | $1.85B | $2.22B | $2.3B | $2.52B | |
| Long-term investments | $73M | $53M | $51M | $51M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Goodwill | $4.56B | $4.75B | $4.63B | $4.49B | $4.69B | $4.97B | $4.86B | $4.91B | $4.84B | $5.1B | |
| Intangible assets | $1.46B | $1.27B | $1.08B | $851M | $781M | $972M | $768M | $657M | $592M | $591M | |
| Deferred tax assets | $449M | $505M | $554M | $516M | $533M | $552M | $494M | $479M | $369M | $519M | |
| Other non-current assets | $883M | $1.14B | $979M | $1.18B | $1.31B | $1.41B | $1.18B | $1.01B | $1.11B | $1.22B | |
| Non-current assets | $9.08B | $9.5B | $9.09B | $8.82B | $9.09B | $9.7B | $9.15B | $9.28B | $9.21B | $9.95B | |
| Total assets | $15.2B | $16.8B | $14.9B | $15.1B | $15.6B | $16.1B | $15.4B | $15.5B | $15.1B | $16.1B | |
| Liabilities | |||||||||||
| Accounts payable | $511M | $590M | $524M | $472M | $534M | $585M | $594M | $581M | $519M | $522M | |
| Accrued expenses | $627M | $626M | $649M | $629M | $658M | $719M | $780M | $755M | $738M | $1.64B | |
| Short-term debt | $652M | $850M | $1.35B | $4M | $350M | $778M | $1.59B | $1.83B | $1.56B | $2.29B | |
| Taxes payable | $169M | $89M | $68M | $48M | $60M | $77M | $147M | $187M | $217M | $0 | |
| Deferred revenue | $180M | $205M | $215M | $188M | $222M | $394M | $427M | $395M | $360M | $0 | |
| Other current liabilities | $395M | $427M | $407M | $420M | $349M | $474M | $467M | $455M | $421M | $465M | |
| Current liabilities | $2.76B | $3.05B | $3.54B | $2.15B | $2.59B | $3.47B | $4.46B | $4.68B | $4.31B | $5.13B | |
| Long-term debt | $7.18B | $7.48B | $6.03B | $7.75B | $7.77B | $6.91B | $6.17B | $6.34B | $6.31B | $6.68B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $128M | $133M | $133M | $131M | $148M | $158M | $0 | |
| Deferred tax liabilities | $134M | $164M | $707M | $668M | $588M | $654M | $484M | $326M | $119M | $154M | |
| Other non-current liabilities | $871M | $1.5B | $1.33B | $1.33B | $1.35B | $1.29B | $1.09B | $1.02B | $857M | $959M | |
| Non-current liabilities | $8.18B | $9.14B | $8.07B | $9.88B | $9.84B | $8.98B | $7.87B | $7.83B | $7.44B | $7.8B | |
| Total liabilities | $10.9B | $12.2B | $11.6B | $12B | $12.4B | $12.5B | $12.3B | $12.5B | $11.8B | $12.9B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | |
| Retained earnings | $19.5B | $20.2B | $21.2B | $22.4B | $23.1B | $24.3B | $25.8B | $27.1B | $28.9B | $30.2B | |
| Accumulated other comprehensive income | -$1.81B | -$1.29B | -$1.68B | -$1.71B | -$1.64B | -$1.5B | -$1.84B | -$1.83B | -$1.88B | -$1.83B | |
| Shareholders' equity | $4.25B | $4.59B | $3.25B | $3.03B | $3.18B | $3.63B | $3.09B | $3.01B | $3.32B | $3.23B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $7.83B | $8.33B | $7.38B | $7.94B | $8.31B | $7.88B | $7.95B | $8.37B | $8.08B | $8.97B | |
| Net debt (debt - cash) | $5.36B | $5.23B | $5.88B | $5.96B | $5.75B | $6.35B | $7.24B | $7.31B | $7.13B | $8.12B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01