Illinois Tool Works Quarterly Balance Sheet
NYSE: ITWIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Illinois Tool Works financial position
As of Jun 30, 2026, Illinois Tool Works reported total assets of $16.49 billion, up 2.8% from a year earlier against total liabilities of $13.60 billion. Shareholders' equity stood at $2.90 billion, or 17.6% of assets. The company held $839.0 million in cash and equivalents against $9.69 billion of debt, a net debt position of $8.86 billion.
The current ratio (current assets divided by current liabilities) was 1.11, meaning short-term assets cover obligations due within a year. Debt-to-equity was 3.35.
Summary generated from market data by MetaCap's automated system. Methodology
Illinois Tool Works balance sheet (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 839.00M | 827.00M | 851.00M | 924.00M | 788.00M | 873.00M | 948.00M | 947.00M | 862.00M | 959.00M | 1.06B | 990.00M |
| Receivables | 3.56B | 3.38B | 3.23B | 3.25B | 3.32B | 3.15B | 2.99B | 3.23B | 3.25B | 3.24B | 3.12B | 3.16B |
| Inventory | 1.76B | 1.73B | 1.66B | 1.73B | 1.71B | 1.66B | 1.60B | 1.82B | 1.82B | 1.82B | 1.71B | 1.80B |
| Total Current Assets | 6.60B | 6.33B | 6.20B | 6.32B | 6.23B | 6.04B | 5.86B | 6.30B | 6.26B | 6.37B | 6.24B | 6.29B |
| Property, Plant & Equipment | 2.23B | 2.23B | 2.23B | 2.20B | 2.18B | 2.08B | 2.04B | 2.07B | 2.01B | 1.97B | 1.98B | 1.90B |
| Goodwill | 5.07B | 5.08B | 5.10B | 5.03B | 5.04B | 4.90B | 4.84B | 4.98B | 4.91B | 4.90B | 4.91B | 4.83B |
| Intangible Assets | 558.00M | 574.00M | 591.00M | 540.00M | 558.00M | 572.00M | 592.00M | 617.00M | 641.00M | 653.00M | 657.00M | 682.00M |
| Total Assets | 16.49B | 16.26B | 16.15B | 16.14B | 16.05B | 15.47B | 15.07B | 15.82B | 15.58B | 15.07B | 15.52B | 15.39B |
| Accounts Payable | 636.00M | 609.00M | 522.00M | 608.00M | 613.00M | 594.00M | 519.00M | 556.00M | 576.00M | 597.00M | 581.00M | 580.00M |
| Short-Term Debt | 3.15B | 2.54B | 2.29B | 1.27B | 1.24B | 981.00M | 1.55B | 1.77B | 2.04B | 2.07B | 1.82B | 1.25B |
| Total Current Liabilities | 5.95B | 5.33B | 5.13B | 4.13B | 3.93B | 3.78B | 4.31B | 4.63B | 4.80B | 4.84B | 4.67B | 3.98B |
| Long-Term Debt | 6.55B | 6.60B | 6.68B | 7.67B | 7.70B | 7.28B | 6.31B | 6.58B | 6.43B | 6.26B | 6.34B | 6.82B |
| Total Liabilities | 13.60B | 13.03B | 12.92B | 12.93B | 12.84B | 12.23B | 11.75B | 12.43B | 12.62B | 12.63B | 12.51B | 12.39B |
| Shareholders' Equity | 2.90B | 3.23B | 3.23B | 3.21B | 3.21B | 3.24B | 3.32B | 3.39B | 2.96B | 3.02B | 3.01B | 3.00B |
| Retained Earnings | 30.81B | 30.45B | 30.15B | 29.82B | 29.47B | 29.15B | 28.89B | 28.58B | 27.87B | 27.52B | 27.12B | 26.82B |
| Total Debt | 9.69B | 9.15B | 8.97B | 8.94B | 8.94B | 8.26B | 7.86B | 8.35B | 8.47B | 8.32B | 8.16B | 8.07B |
| Net Cash (Debt) | -8.86B | -8.32B | -8.12B | -8.02B | -8.15B | -7.39B | -6.92B | -7.40B | -7.61B | -7.37B | -7.10B | -7.08B |
| Shares Outstanding | 284.80M | 287.70M | 288.60M | 290.10M | 291.50M | 293.00M | 294.00M | 295.30M | 296.90M | 298.40M | 299.30M | 300.90M |
This table shows 12 quarterly periods of Illinois Tool Works's balance sheet, from Q2 2026 back to Q3 2023, 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?