Illinois Tool Works Balance Sheet
NYSE: ITWIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Illinois Tool Works financial position
At the end of fiscal 2025, Illinois Tool Works reported total assets of $16.15 billion, up 7.2% from a year earlier against total liabilities of $12.92 billion. Shareholders' equity stood at $3.23 billion, or 20.0% of assets. The company held $851.0 million in cash and equivalents against $8.97 billion of debt, a net debt position of $8.12 billion.
The current ratio (current assets divided by current liabilities) was 1.21, meaning short-term assets cover obligations due within a year. Debt-to-equity was 2.78.
Summary generated from market data by MetaCap's automated system. Methodology
Illinois Tool Works balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 851.00M | 948.00M | 1.06B | 708.00M | 1.53B | 2.56B | 1.98B | 1.50B | 3.09B | 2.47B |
| Receivables | 3.23B | 2.99B | 3.12B | 3.17B | 2.84B | 2.51B | 2.46B | 2.62B | 2.63B | 2.36B |
| Inventory | 1.66B | 1.60B | 1.71B | 2.05B | 1.69B | 1.19B | 1.16B | 1.32B | 1.22B | 1.08B |
| Total Current Assets | 6.20B | 5.86B | 6.24B | 6.27B | 6.37B | 6.52B | 6.25B | 5.78B | 7.28B | 6.12B |
| Property, Plant & Equipment | 2.23B | 2.04B | 1.98B | 1.85B | 1.81B | 1.78B | 1.73B | 1.79B | 1.78B | 1.65B |
| Goodwill | 5.10B | 4.84B | 4.91B | 4.86B | 4.96B | 4.69B | 4.49B | 4.63B | 4.75B | 4.56B |
| Intangible Assets | 591.00M | 592.00M | 657.00M | 768.00M | 972.00M | 781.00M | 851.00M | 1.08B | 1.27B | 1.46B |
| Total Assets | 16.15B | 15.07B | 15.52B | 15.42B | 16.08B | 15.61B | 15.07B | 14.87B | 16.78B | 15.20B |
| Accounts Payable | 522.00M | 519.00M | 581.00M | 594.00M | 585.00M | 534.00M | 472.00M | 524.00M | 590.00M | 511.00M |
| Short-Term Debt | 2.29B | 1.55B | 1.82B | 1.59B | 778.00M | 350.00M | 4.00M | 1.35B | 850.00M | 652.00M |
| Total Current Liabilities | 5.13B | 4.31B | 4.67B | 4.46B | 3.47B | 2.59B | 2.15B | 3.54B | 3.05B | 2.76B |
| Long-Term Debt | 6.68B | 6.31B | 6.34B | 6.17B | 6.91B | 7.77B | 7.75B | 6.03B | 7.48B | 7.18B |
| Total Liabilities | 12.92B | 11.75B | 12.51B | 12.33B | 12.45B | 12.43B | 12.04B | 11.61B | 12.19B | 10.94B |
| Shareholders' Equity | 3.23B | 3.32B | 3.01B | 3.09B | 3.63B | 3.18B | 3.03B | 3.26B | 4.59B | 4.26B |
| Retained Earnings | 30.15B | 28.89B | 27.12B | 25.80B | 24.32B | 23.11B | 22.40B | 21.22B | 20.21B | 19.50B |
| Total Debt | 8.97B | 7.86B | 8.16B | 7.76B | 7.69B | 8.12B | 7.76B | 7.38B | 8.33B | 7.83B |
| Net Cash (Debt) | -8.12B | -6.92B | -7.10B | -7.05B | -6.16B | -5.56B | -5.78B | -5.88B | -5.23B | -5.36B |
| Shares Outstanding | 288.60M | 294.00M | 299.30M | 305.00M | 312.90M | 316.70M | 319.80M | 328.10M | 341.50M | 346.90M |
This table shows 10 annual periods of Illinois Tool Works's balance sheet, from FY 2025 back to FY 2016, across 19 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow ITW's reporting calendar. What is a balance sheet?