10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000049826-18-000053 |
| Period End Date | 20180331 |
| Filing Date | 20180504 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | itw-20170930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, issued (in shares) |
CommonStockSharesIssued
|
550.00M | shares | Point-in-time |
| Common stock, issued (in shares) |
CommonStockSharesIssued
|
550.00M | shares | Point-in-time |
| Common stock, outstanding (in shares) |
CommonStockSharesOutstanding
|
341.50M | shares | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.09B | USD | Point-in-time |
| Common stock, outstanding (in shares) |
CommonStockSharesOutstanding
|
338.80M | shares | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.49B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.94B | USD | Point-in-time |
| Cash and equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.47B | USD | Point-in-time |
| Trade receivables |
ReceivablesNetCurrent
|
$2.87B | USD | Point-in-time |
| Trade receivables |
ReceivablesNetCurrent
|
$2.63B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.33B | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.22B | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$274.00M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$336.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$6.42B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$7.28B | USD | Point-in-time |
| Net plant and equipment |
PropertyPlantAndEquipmentNet
|
$1.78B | USD | Point-in-time |
| Net plant and equipment |
PropertyPlantAndEquipmentNet
|
$1.83B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$4.79B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$4.75B | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$1.23B | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$1.27B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNet
|
$505.00M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNet
|
$658.00M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.20B | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.23B | USD | Point-in-time |
| Total assets |
Assets
|
$16.78B | USD | Point-in-time |
| Total assets |
Assets
|
$16.16B | USD | Point-in-time |
| Short-term debt |
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
|
$850.00M | USD | Point-in-time |
| Short-term debt |
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
|
$660.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$655.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$590.00M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$1.25B | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$1.26B | USD | Point-in-time |
| Cash dividends payable |
InterestAndDividendsPayableCurrent
|
$264.00M | USD | Point-in-time |
| Cash dividends payable |
InterestAndDividendsPayableCurrent
|
$266.00M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$89.00M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$96.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$3.05B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.92B | USD | Point-in-time |
| Long-term debt |
LongTermDebtAndCapitalLeaseObligations
|
$7.48B | USD | Point-in-time |
| Long-term debt |
LongTermDebtAndCapitalLeaseObligations
|
$6.89B | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$164.00M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$689.00M | USD | Point-in-time |
| Noncurrent income taxes payable |
AccruedIncomeTaxesNoncurrent
|
$614.00M | USD | Point-in-time |
| Noncurrent income taxes payable |
AccruedIncomeTaxesNoncurrent
|
$614.00M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$882.00M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$883.00M | USD | Point-in-time |
| Total noncurrent liabilities |
LiabilitiesNoncurrent
|
$9.14B | USD | Point-in-time |
| Total noncurrent liabilities |
LiabilitiesNoncurrent
|
$9.07B | 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
|
$1.22B | USD | Point-in-time |
| Additional paid-in-capital |
AdditionalPaidInCapitalCommonStock
|
$1.22B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$20.21B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$20.23B | USD | Point-in-time |
| Common stock held in treasury |
TreasuryStockValue
|
$16.05B | USD | Point-in-time |
| Common stock held in treasury |
TreasuryStockValue
|
$15.56B | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.24B | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.29B | 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
|
$4.59B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$4.16B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$16.16B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$16.78B | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Operating Revenue |
SalesRevenueNet
|
$3.47B | USD | 1 Quarter |
| Operating Revenue |
SalesRevenueNet
|
$3.74B | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$2.00B | USD | 1 Quarter |
| Cost of revenue |
CostOfGoodsAndServicesSold
|
$2.18B | USD | 1 Quarter |
| Selling, administrative, and research and development expenses |
SellingAdministrativeAndResearchAndDevelopmentExpenses
|
$612.00M | USD | 1 Quarter |
| Selling, administrative, and research and development expenses |
SellingAdministrativeAndResearchAndDevelopmentExpenses
|
$608.00M | USD | 1 Quarter |
| Amortization and impairment of intangible assets |
AmortizationandImpairmentofIntangibleAssets
|
$53.00M | USD | 1 Quarter |
| Amortization and impairment of intangible assets |
AmortizationandImpairmentofIntangibleAssets
|
$48.00M | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$807.00M | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$903.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$64.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$66.00M | USD | 1 Quarter |
| Other income (expense) |
OtherNonoperatingIncome
|
$12.00M | USD | 1 Quarter |
| Other income (expense) |
OtherNonoperatingIncome
|
$6.00M | USD | 1 Quarter |
| Income Before Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$749.00M | USD | 1 Quarter |
| Income Before Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$849.00M | USD | 1 Quarter |
| Income Taxes |
IncomeTaxExpenseBenefit
|
$213.00M | USD | 1 Quarter |
| Income Taxes |
IncomeTaxExpenseBenefit
|
$197.00M | USD | 1 Quarter |
| Net Income |
ProfitLoss
|
$652.00M | USD | 1 Quarter |
| Net Income |
ProfitLoss
|
$536.00M | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$1.92 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$1.55 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$1.90 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$1.54 | USD | 1 Quarter |
| Paid (in dollars per share) |
CommonStockDividendsPerShareCashPaid
|
$0.78 | USD | 1 Quarter |
| Paid (in dollars per share) |
CommonStockDividendsPerShareCashPaid
|
$0.65 | USD | 1 Quarter |
| Declared (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.65 | USD | 1 Quarter |
| Declared (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.78 | USD | 1 Quarter |
| Average (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
346.20M | shares | 1 Quarter |
| Average (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
340.20M | shares | 1 Quarter |
| Average assuming dilution (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
349.00M | shares | 1 Quarter |
| Average assuming dilution (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
342.80M | shares | 1 Quarter |
Cash Flow Statement
76 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
ProfitLoss
|
$652.00M | USD | 1 Quarter |
| Net Income |
ProfitLoss
|
$536.00M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$61.00M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$67.00M | USD | 1 Quarter |
| Amortization and impairment of intangible assets |
AmortizationandImpairmentofIntangibleAssets
|
$53.00M | USD | 1 Quarter |
| Amortization and impairment of intangible assets |
AmortizationandImpairmentofIntangibleAssets
|
$48.00M | USD | 1 Quarter |
| Change in deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$5.00M | USD | 1 Quarter |
| Change in deferred income taxes |
IncreaseDecreaseInDeferredIncomeTaxes
|
$-20.00M | USD | 1 Quarter |
| Provision for uncollectible accounts |
ProvisionForDoubtfulAccounts
|
$1.00M | USD | 1 Quarter |
| Provision for uncollectible accounts |
ProvisionForDoubtfulAccounts
|
$1.00M | USD | 1 Quarter |
| (Income) loss from investments |
GainLossOnInvestments
|
$3.00M | USD | 1 Quarter |
| (Income) loss from investments |
GainLossOnInvestments
|
$2.00M | USD | 1 Quarter |
| (Gain) loss on sale of plant and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$1.00M | USD | 1 Quarter |
| (Gain) loss on sale of plant and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$9.00M | 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
|
$1.00M | USD | 1 Quarter |
| Trade receivables |
IncreaseDecreaseInReceivables
|
$192.00M | USD | 1 Quarter |
| Trade receivables |
IncreaseDecreaseInReceivables
|
$148.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$68.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$67.00M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$29.00M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$23.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$56.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$55.00M | USD | 1 Quarter |
| Accrued expenses and other liabilities |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$-117.00M | USD | 1 Quarter |
| Accrued expenses and other liabilities |
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
$-90.00M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$81.00M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$90.00M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-2.00M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
- | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$463.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$538.00M | USD | 1 Quarter |
| Acquisition of businesses (excluding cash and equivalents) and additional interest in affiliates |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$3.00M | USD | 1 Quarter |
| Acquisition of businesses (excluding cash and equivalents) and additional interest in affiliates |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Additions to plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$64.00M | USD | 1 Quarter |
| Additions to plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$94.00M | USD | 1 Quarter |
| Proceeds from investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$7.00M | USD | 1 Quarter |
| Proceeds from investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$5.00M | USD | 1 Quarter |
| Proceeds from sale of plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$3.00M | USD | 1 Quarter |
| Proceeds from sale of plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$2.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
- | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$2.00M | USD | 1 Quarter |
| Net cash provided by (used for) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-89.00M | USD | 1 Quarter |
| Net cash provided by (used for) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-57.00M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$226.00M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$266.00M | USD | 1 Quarter |
| Issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$18.00M | USD | 1 Quarter |
| Issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$10.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$500.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$250.00M | USD | 1 Quarter |
| Net proceeds from (repayments of) debt with original maturities of three months or less |
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
$671.00M | USD | 1 Quarter |
| Net proceeds from (repayments of) debt with original maturities of three months or less |
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
$-840.00M | USD | 1 Quarter |
| Repayments of debt with original maturities of more than three months |
RepaymentsOfLongTermDebt
|
- | USD | 1 Quarter |
| Repayments of debt with original maturities of more than three months |
RepaymentsOfLongTermDebt
|
$652.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-12.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-11.00M | USD | 1 Quarter |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-450.00M | USD | 1 Quarter |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.61B | USD | 1 Quarter |
| Effect of Exchange Rate Changes on Cash and Equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$5.00M | USD | 1 Quarter |
| Effect of Exchange Rate Changes on Cash and Equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$65.00M | USD | 1 Quarter |
| Increase (decrease) during the period |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$21.00M | USD | 1 Quarter |
| Increase (decrease) during the period |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.15B | USD | 1 Quarter |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.09B | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.49B | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.94B | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.47B | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.09B | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.49B | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.94B | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.47B | 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
|
$113.00M | USD | 1 Quarter |
| Cash Paid During the Period for Income Taxes, Net of Refunds |
IncomeTaxesPaidNet
|
$112.00M | USD | 1 Quarter |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
ProfitLoss
|
$652.00M | USD | 1 Quarter |
| Net Income |
ProfitLoss
|
$536.00M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$154.00M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$83.00M | 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
|
$-10.00M | USD | 1 Quarter |
| Comprehensive Income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$700.00M | USD | 1 Quarter |
| Comprehensive Income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$744.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.