10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000049826-16-000182 |
| Period End Date | 20160331 |
| Filing Date | 20160506 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | itw-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.45B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.99B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.09B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.67B | USD | Point-in-time |
| Trade receivables |
ReceivablesNetCurrent
|
$2.20B | USD | Point-in-time |
| Trade receivables |
ReceivablesNetCurrent
|
$2.39B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.13B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.09B | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$265.00M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$341.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$6.72B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$6.24B | USD | Point-in-time |
| Net plant and equipment |
PropertyPlantAndEquipmentNet
|
$1.58B | USD | Point-in-time |
| Net plant and equipment |
PropertyPlantAndEquipmentNet
|
$1.60B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$4.50B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$4.44B | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$1.50B | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$1.56B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNet
|
$346.00M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNet
|
$505.00M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.09B | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.09B | USD | Point-in-time |
| Total assets |
Assets
|
$15.73B | USD | Point-in-time |
| Total assets |
Assets
|
$15.44B | USD | Point-in-time |
| Short-term debt |
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
|
$650.00M | USD | Point-in-time |
| Short-term debt |
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
|
$526.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$525.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$449.00M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$1.09B | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$1.14B | USD | Point-in-time |
| Cash dividends payable |
InterestAndDividendsPayableCurrent
|
$198.00M | USD | Point-in-time |
| Cash dividends payable |
InterestAndDividendsPayableCurrent
|
$200.00M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$57.00M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$257.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.72B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.37B | USD | Point-in-time |
| Long-term debt |
LongTermDebtAndCapitalLeaseObligations
|
$6.35B | USD | Point-in-time |
| Long-term debt |
LongTermDebtAndCapitalLeaseObligations
|
$6.90B | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$151.00M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$256.00M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$995.00M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$981.00M | USD | Point-in-time |
| Total noncurrent liabilities |
LiabilitiesNoncurrent
|
$8.13B | USD | Point-in-time |
| Total noncurrent liabilities |
LiabilitiesNoncurrent
|
$7.50B | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$6.00M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$6.00M | USD | Point-in-time |
| Additional paid-in-capital |
AdditionalPaidInCapitalCommonStock
|
$1.14B | USD | Point-in-time |
| Additional paid-in-capital |
AdditionalPaidInCapitalCommonStock
|
$1.14B | USD | Point-in-time |
| Income reinvested in the business |
RetainedEarningsAccumulatedDeficit
|
$18.59B | USD | Point-in-time |
| Income reinvested in the business |
RetainedEarningsAccumulatedDeficit
|
$18.32B | USD | Point-in-time |
| Common stock held in treasury |
TreasuryStockValue
|
$12.73B | USD | Point-in-time |
| Common stock held in treasury |
TreasuryStockValue
|
$13.18B | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.33B | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.50B | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$4.00M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$4.00M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.22B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$5.23B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$15.73B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$15.44B | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Operating Revenue |
SalesRevenueNet
|
$3.34B | USD | 1 Quarter |
| Operating Revenue |
SalesRevenueNet
|
$3.27B | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$1.90B | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$1.97B | USD | 1 Quarter |
| Selling, administrative, and research and development expenses |
SellingAdministrativeAndResearchAndDevelopmentExpenses
|
$597.00M | USD | 1 Quarter |
| Selling, administrative, and research and development expenses |
SellingAdministrativeAndResearchAndDevelopmentExpenses
|
$616.00M | USD | 1 Quarter |
| Amortization and impairment of intangible assets |
AmortizationandImpairmentofIntangibleAssets
|
$59.00M | USD | 1 Quarter |
| Amortization and impairment of intangible assets |
AmortizationandImpairmentofIntangibleAssets
|
$59.00M | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$697.00M | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$722.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$54.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$58.00M | USD | 1 Quarter |
| Other income (expense) |
OtherNonoperatingIncome
|
$21.00M | USD | 1 Quarter |
| Other income (expense) |
OtherNonoperatingIncome
|
$4.00M | USD | 1 Quarter |
| Income Before Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$668.00M | USD | 1 Quarter |
| Income Before Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$664.00M | USD | 1 Quarter |
| Income Taxes |
IncomeTaxExpenseBenefit
|
$206.00M | USD | 1 Quarter |
| Income Taxes |
IncomeTaxExpenseBenefit
|
$200.00M | USD | 1 Quarter |
| Net Income |
ProfitLoss
|
$458.00M | USD | 1 Quarter |
| Net Income |
ProfitLoss
|
$468.00M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$1.29 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$1.22 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$1.21 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$1.29 | USD | 1 Quarter |
| Paid (in dollars per share) |
CommonStockDividendsPerShareCashPaid
|
$0.55 | USD | 1 Quarter |
| Paid (in dollars per share) |
CommonStockDividendsPerShareCashPaid
|
$0.48 | USD | 1 Quarter |
| Declared (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.55 | USD | 1 Quarter |
| Declared (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.48 | USD | 1 Quarter |
| Average (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
362.00M | shares | 1 Quarter |
| Average (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
376.60M | shares | 1 Quarter |
| Average assuming dilution (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
363.90M | shares | 1 Quarter |
| Average assuming dilution (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
379.20M | shares | 1 Quarter |
Cash Flow Statement
80 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
ProfitLoss
|
$458.00M | USD | 1 Quarter |
| Net Income |
ProfitLoss
|
$468.00M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$58.00M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$59.00M | USD | 1 Quarter |
| Amortization and impairment of intangible assets |
AmortizationandImpairmentofIntangibleAssets
|
$59.00M | USD | 1 Quarter |
| Amortization and impairment of intangible assets |
AmortizationandImpairmentofIntangibleAssets
|
$59.00M | USD | 1 Quarter |
| Change in deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-11.00M | USD | 1 Quarter |
| Change in deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$213.00M | USD | 1 Quarter |
| Provision for uncollectible accounts |
ProvisionForDoubtfulAccounts
|
$2.00M | USD | 1 Quarter |
| Provision for uncollectible accounts |
ProvisionForDoubtfulAccounts
|
$3.00M | USD | 1 Quarter |
| (Income) loss from investments |
GainLossOnInvestments
|
$-1.00M | USD | 1 Quarter |
| (Income) loss from investments |
GainLossOnInvestments
|
$2.00M | USD | 1 Quarter |
| (Gain) loss on sale of plant and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| (Gain) loss on sale of plant and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$-1.00M | USD | 1 Quarter |
| (Gain) loss on sale of operations and affiliates |
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
|
$16.00M | USD | 1 Quarter |
| (Gain) loss on sale of operations and affiliates |
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
|
- | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$14.00M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$9.00M | USD | 1 Quarter |
| Other non-cash items, net |
OtherOperatingActivitiesCashFlowStatement
|
$4.00M | USD | 1 Quarter |
| Other non-cash items, net |
OtherOperatingActivitiesCashFlowStatement
|
$15.00M | USD | 1 Quarter |
| Trade receivables |
IncreaseDecreaseInReceivables
|
$173.00M | USD | 1 Quarter |
| Trade receivables |
IncreaseDecreaseInReceivables
|
$155.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$29.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$58.00M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$21.00M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-17.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$45.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$62.00M | USD | 1 Quarter |
| Accrued expenses and other liabilities |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$-131.00M | USD | 1 Quarter |
| Accrued expenses and other liabilities |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$-67.00M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$123.00M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$318.00M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-1.00M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$1.00M | USD | 1 Quarter |
| Net cash provided by (used for) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$479.00M | USD | 1 Quarter |
| Net cash provided by (used for) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$442.00M | USD | 1 Quarter |
| Acquisition of businesses (excluding cash and equivalents) and additional interest in affiliates |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$2.00M | USD | 1 Quarter |
| Acquisition of businesses (excluding cash and equivalents) and additional interest in affiliates |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$2.00M | USD | 1 Quarter |
| Additions to plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$83.00M | USD | 1 Quarter |
| Additions to plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$57.00M | USD | 1 Quarter |
| Proceeds from investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$6.00M | USD | 1 Quarter |
| Proceeds from investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$1.00M | USD | 1 Quarter |
| Proceeds from sale of plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$2.00M | USD | 1 Quarter |
| Proceeds from sale of plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$8.00M | USD | 1 Quarter |
| Proceeds from sales of operations and affiliates |
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
|
$28.00M | USD | 1 Quarter |
| Proceeds from sales of operations and affiliates |
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
|
$1.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$10.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
- | USD | 1 Quarter |
| Net cash provided by (used for) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-50.00M | USD | 1 Quarter |
| Net cash provided by (used for) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-58.00M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$186.00M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$200.00M | USD | 1 Quarter |
| Issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$31.00M | USD | 1 Quarter |
| Issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$39.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$1.48B | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$480.00M | USD | 1 Quarter |
| Net proceeds from (repayments of) debt with original maturities of three months or less |
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
$233.00M | USD | 1 Quarter |
| Net proceeds from (repayments of) debt with original maturities of three months or less |
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
$-525.00M | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$13.00M | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$16.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-12.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-10.00M | USD | 1 Quarter |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.16B | USD | 1 Quarter |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.40B | USD | 1 Quarter |
| Effect of Exchange Rate Changes on Cash and Equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-305.00M | USD | 1 Quarter |
| Effect of Exchange Rate Changes on Cash and Equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$92.00M | USD | 1 Quarter |
| Increase (decrease) during the period |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.32B | USD | 1 Quarter |
| Increase (decrease) during the period |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-642.00M | USD | 1 Quarter |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.45B | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.99B | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.09B | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.67B | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.45B | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.99B | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.09B | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.67B | USD | Point-in-time |
| Cash Paid During the Period for Interest |
InterestPaidNet
|
$65.00M | USD | 1 Quarter |
| Cash Paid During the Period for Interest |
InterestPaidNet
|
$65.00M | USD | 1 Quarter |
| Cash Paid During the Period for Income Taxes, Net of Refunds |
IncomeTaxesPaidNet
|
$70.00M | USD | 1 Quarter |
| Cash Paid During the Period for Income Taxes, Net of Refunds |
IncomeTaxesPaidNet
|
$42.00M | USD | 1 Quarter |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
ProfitLoss
|
$458.00M | USD | 1 Quarter |
| Net Income |
ProfitLoss
|
$468.00M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$164.00M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-577.00M | USD | 1 Quarter |
| Pension and other postretirement benefit adjustments, net of tax |
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
$-9.00M | USD | 1 Quarter |
| Pension and other postretirement benefit adjustments, net of tax |
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
$-8.00M | USD | 1 Quarter |
| Comprehensive Income (Loss) |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$640.00M | USD | 1 Quarter |
| Comprehensive Income (Loss) |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-110.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.