10-K Filing

ILLINOIS TOOL WORKS INC CIK: 49826 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0000049826-24-000008`
Period End Date	20231231
Filing Date	20240209
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	itw-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 36 Cash Flow Statement 119 Stockholders Equity 30 Comprehensive Income 15

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
Common stock authorized (in shares)	`CommonStockSharesAuthorized`	700.00M	shares	Point-in-time
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
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.06B	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	550.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$708.00M	USD	Point-in-time
Common stock issued (in shares)	`CommonStockSharesIssued`	550.00M	shares	Point-in-time
Trade receivables	`ReceivablesNetCurrent`	$3.17B	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	299.30M	shares	Point-in-time
Trade receivables	`ReceivablesNetCurrent`	$3.12B	USD	Point-in-time
Common stock outstanding (in shares)	`CommonStockSharesOutstanding`	305.00M	shares	Point-in-time
Inventories	`InventoryNet`	$2.05B	USD	Point-in-time
Inventories	`InventoryNet`	$1.71B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$329.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$340.00M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$8.00M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.24B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.27B	USD	Point-in-time
Net plant and equipment	`PropertyPlantAndEquipmentNet`	$1.85B	USD	Point-in-time
Net plant and equipment	`PropertyPlantAndEquipmentNet`	$1.98B	USD	Point-in-time
Goodwill	`Goodwill`	$4.96B	USD	Point-in-time
Goodwill	`Goodwill`	$4.91B	USD	Point-in-time
Goodwill	`Goodwill`	$4.86B	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$657.00M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$768.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$479.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$494.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.18B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.26B	USD	Point-in-time
Total Assets	`Assets`	$15.42B	USD	Point-in-time
Total Assets	`Assets`	$15.52B	USD	Point-in-time
Total Assets	`Assets`	$16.08B	USD	Point-in-time
Short-term debt	`DebtCurrent`	$1.82B	USD	Point-in-time
Short-term debt	`DebtCurrent`	$1.59B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$581.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$594.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.66B	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.73B	USD	Point-in-time
Cash dividends payable	`InterestAndDividendsPayableCurrent`	$419.00M	USD	Point-in-time
Cash dividends payable	`InterestAndDividendsPayableCurrent`	$400.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$187.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$147.00M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.00M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.46B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.67B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$6.17B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$6.34B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$484.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$326.00M	USD	Point-in-time
Noncurrent income taxes payable	`AccruedIncomeTaxesNoncurrent`	$151.00M	USD	Point-in-time
Noncurrent income taxes payable	`AccruedIncomeTaxesNoncurrent`	$273.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$943.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.01B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$7.87B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$7.83B	USD	Point-in-time
Common stock Common stock (Authorized- 700.0 shares; par value of $0.01 per share): Issued- 550.0 shares in 2023 and 2022 Outstanding- 299.3 shares in 2023 and 305.0 shares in 2022	`CommonStockValue`	$6.00M	USD	Point-in-time
Common stock Common stock (Authorized- 700.0 shares; par value of $0.01 per share): Issued- 550.0 shares in 2023 and 2022 Outstanding- 299.3 shares in 2023 and 305.0 shares in 2022	`CommonStockValue`	$6.00M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.59B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.50B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$25.80B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.12B	USD	Point-in-time
Common stock held in treasury	`TreasuryStockCommonValue`	$23.87B	USD	Point-in-time
Common stock held in treasury	`TreasuryStockCommonValue`	$22.38B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.84B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.83B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.09B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.63B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.01B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.18B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.42B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$15.52B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$14.46B	USD	Annual
Operating Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.93B	USD	Annual
Operating Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.11B	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$8.49B	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$9.43B	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$9.32B	USD	Annual
Selling, administrative, and research and development expenses	`SellingAdministrativeAndResearchAndDevelopmentExpenses`	$2.64B	USD	Annual
Selling, administrative, and research and development expenses	`SellingAdministrativeAndResearchAndDevelopmentExpenses`	$2.58B	USD	Annual
Selling, administrative, and research and development expenses	`SellingAdministrativeAndResearchAndDevelopmentExpenses`	$2.36B	USD	Annual
Amortization and impairment of intangible assets	`AmortizationandImpairmentofIntangibleAssets`	$134.00M	USD	Annual
Amortization and impairment of intangible assets	`AmortizationandImpairmentofIntangibleAssets`	$133.00M	USD	Annual
Amortization and impairment of intangible assets	`AmortizationandImpairmentofIntangibleAssets`	$113.00M	USD	Annual
Operating Income	`OperatingIncomeLoss`	$3.48B	USD	Annual
Operating Income	`OperatingIncomeLoss`	$4.04B	USD	Annual
Operating Income	`OperatingIncomeLoss`	$3.79B	USD	Annual
Interest expense	`InterestExpense`	$203.00M	USD	Annual
Interest expense	`InterestExpense`	$266.00M	USD	Annual
Interest expense	`InterestExpense`	$202.00M	USD	Annual
Other income (expense)	`OtherNonoperatingIncome`	$255.00M	USD	Annual
Other income (expense)	`OtherNonoperatingIncome`	$51.00M	USD	Annual
Other income (expense)	`OtherNonoperatingIncome`	$49.00M	USD	Annual
Income Before Taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$3.82B	USD	Annual
Income Before Taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$3.33B	USD	Annual
Income Before Taxes	`IncomeLossIncludingPortionAttributableToNoncontrollingInterest`	$3.84B	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$808.00M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$866.00M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$632.00M	USD	Annual
Net Income	`ProfitLoss`	$2.96B	USD	Annual
Net Income	`ProfitLoss`	$2.69B	USD	Annual
Net Income	`ProfitLoss`	$3.03B	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$8.55	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$9.80	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$9.77	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$9.74	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$8.51	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$9.77	USD	Annual

Cash Flow Statement 119 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.96B	USD	Annual
Net income	`ProfitLoss`	$2.69B	USD	Annual
Net income	`ProfitLoss`	$3.03B	USD	Annual
Depreciation	`Depreciation`	$276.00M	USD	Annual
Depreciation	`Depreciation`	$282.00M	USD	Annual
Depreciation	`Depreciation`	$277.00M	USD	Annual
Amortization and impairment of intangible assets	`AmortizationandImpairmentofIntangibleAssets`	$134.00M	USD	Annual
Amortization and impairment of intangible assets	`AmortizationandImpairmentofIntangibleAssets`	$133.00M	USD	Annual
Amortization and impairment of intangible assets	`AmortizationandImpairmentofIntangibleAssets`	$113.00M	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$88.00M	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$150.00M	USD	Annual
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$148.00M	USD	Annual
Provision for uncollectible accounts	`ProvisionForDoubtfulAccounts`	$3.00M	USD	Annual
Provision for uncollectible accounts	`ProvisionForDoubtfulAccounts`	$6.00M	USD	Annual
Provision for uncollectible accounts	`ProvisionForDoubtfulAccounts`	$5.00M	USD	Annual
(Income) loss from investments	`GainLossOnInvestments`	$9.00M	USD	Annual
(Income) loss from investments	`GainLossOnInvestments`	$29.00M	USD	Annual
(Income) loss from investments	`GainLossOnInvestments`	$2.00M	USD	Annual
(Gain) loss on sale of plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00M	USD	Annual
(Gain) loss on sale of plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00M	USD	Annual
(Gain) loss on sale of plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
(Gain) loss on sale of operations and affiliates	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$191.00M	USD	Annual
(Gain) loss on sale of operations and affiliates	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$1.00M	USD	Annual
(Gain) loss on sale of operations and affiliates	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$63.00M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$69.00M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$53.00M	USD	Annual
Other non-cash items, net	`OtherOperatingActivitiesCashFlowStatement`	$5.00M	USD	Annual
Other non-cash items, net	`OtherOperatingActivitiesCashFlowStatement`	$-4.00M	USD	Annual
Other non-cash items, net	`OtherOperatingActivitiesCashFlowStatement`	$13.00M	USD	Annual
Trade receivables	`IncreaseDecreaseInReceivables`	$-64.00M	USD	Annual
Trade receivables	`IncreaseDecreaseInReceivables`	$240.00M	USD	Annual
Trade receivables	`IncreaseDecreaseInReceivables`	$461.00M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-360.00M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$455.00M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$450.00M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$26.00M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$36.00M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$19.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-14.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$37.00M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$35.00M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$202.00M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$119.00M	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-102.00M	USD	Annual
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-72.00M	USD	Annual
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-35.00M	USD	Annual
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$49.00M	USD	Annual
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.00M	USD	Annual
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.00M	USD	Annual
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.56B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.54B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.35B	USD	Annual
Acquisition of businesses (excluding cash and equivalents)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisition of businesses (excluding cash and equivalents)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.00M	USD	Annual
Acquisition of businesses (excluding cash and equivalents)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$731.00M	USD	Annual
Additions to plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$296.00M	USD	Annual
Additions to plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$455.00M	USD	Annual
Additions to plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$412.00M	USD	Annual
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$27.00M	USD	Annual
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$12.00M	USD	Annual
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$38.00M	USD	Annual
Proceeds from sale of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$15.00M	USD	Annual
Proceeds from sale of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00M	USD	Annual
Proceeds from sale of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.00M	USD	Annual
Proceeds from sale of operations and affiliates	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$7.00M	USD	Annual
Proceeds from sale of operations and affiliates	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	-	USD	Annual
Proceeds from sale of operations and affiliates	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$278.00M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$3.00M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.00M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.00M	USD	Annual
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-984.00M	USD	Annual
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-403.00M	USD	Annual
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-110.00M	USD	Annual
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.61B	USD	Annual
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.54B	USD	Annual
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.46B	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$29.00M	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.00M	USD	Annual
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$53.00M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.75B	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.00B	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.50B	USD	Annual
Net proceeds from (repayments of) debt with original maturities of three months or less	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$-452.00M	USD	Annual
Net proceeds from (repayments of) debt with original maturities of three months or less	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$120.00M	USD	Annual
Net proceeds from (repayments of) debt with original maturities of three months or less	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$796.00M	USD	Annual
Proceeds from debt with original maturities of more than three months	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	$90.00M	USD	Annual
Proceeds from debt with original maturities of more than three months	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	$593.00M	USD	Annual
Proceeds from debt with original maturities of more than three months	`ProceedsFromDebtMaturingInMoreThanThreeMonths`	$1.43B	USD	Annual
Repayments of debt with original maturities of more than three months	`RepaymentsOfDebtMaturingInMoreThanThreeMonths`	$679.00M	USD	Annual
Repayments of debt with original maturities of more than three months	`RepaymentsOfDebtMaturingInMoreThanThreeMonths`	$1.11B	USD	Annual
Repayments of debt with original maturities of more than three months	`RepaymentsOfDebtMaturingInMoreThanThreeMonths`	$351.00M	USD	Annual
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-14.00M	USD	Annual
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-13.00M	USD	Annual
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-10.00M	USD	Annual
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.78B	USD	Annual
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.00B	USD	Annual
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.56B	USD	Annual
Effect of Exchange Rate Changes on Cash and Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-57.00M	USD	Annual
Effect of Exchange Rate Changes on Cash and Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-46.00M	USD	Annual
Effect of Exchange Rate Changes on Cash and Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.00M	USD	Annual
Increase (decrease) during the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.04B	USD	Annual
Increase (decrease) during the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$357.00M	USD	Annual
Increase (decrease) during the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-819.00M	USD	Annual
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$708.00M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53B	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.56B	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$708.00M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.53B	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.56B	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.06B	USD	Point-in-time
Cash Paid During the Year for Interest	`InterestPaidNet`	$197.00M	USD	Annual
Cash Paid During the Year for Interest	`InterestPaidNet`	$260.00M	USD	Annual
Cash Paid During the Year for Interest	`InterestPaidNet`	$199.00M	USD	Annual
Cash Paid During the Year for Income Taxes, Net of Refunds	`IncomeTaxesPaidNet`	$1.03B	USD	Annual
Cash Paid During the Year for Income Taxes, Net of Refunds	`IncomeTaxesPaidNet`	$731.00M	USD	Annual
Cash Paid During the Year for Income Taxes, Net of Refunds	`IncomeTaxesPaidNet`	$993.00M	USD	Annual

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$4.72	USD	Annual
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$5.42	USD	Annual
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$5.06	USD	Annual
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.09B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.63B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.01B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.18B	USD	Point-in-time
Net income	`ProfitLoss`	$2.96B	USD	Annual
Net income	`ProfitLoss`	$2.69B	USD	Annual
Net income	`ProfitLoss`	$3.03B	USD	Annual
Common stock issued for stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$38.00M	USD	Annual
Common stock issued for stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$40.00M	USD	Annual
Common stock issued for stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$15.00M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$63.00M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$69.00M	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$53.00M	USD	Annual
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$1.75B	USD	Annual
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$1.50B	USD	Annual
Repurchases of common stock	`TreasuryStockValueAcquiredCostMethod`	$1.00B	USD	Annual
Excise tax on repurchases of common stock	`TreasuryStockValueAcquiredCostMethodExciseTax`	$13.00M	USD	Annual
Dividends declared	`DividendsCommonStockCash`	$1.48B	USD	Annual
Dividends declared	`DividendsCommonStockCash`	$1.63B	USD	Annual
Dividends declared	`DividendsCommonStockCash`	$1.56B	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-339.00M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$7.00M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$140.00M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.09B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.63B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.01B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.18B	USD	Point-in-time

Comprehensive Income 15 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.96B	USD	Annual
Net income	`ProfitLoss`	$2.69B	USD	Annual
Net income	`ProfitLoss`	$3.03B	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$41.00M	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-242.00M	USD	Annual
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.00M	USD	Annual
Pension and other postretirement benefit adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$97.00M	USD	Annual
Pension and other postretirement benefit adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-135.00M	USD	Annual
Pension and other postretirement benefit adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$34.00M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-339.00M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$7.00M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$140.00M	USD	Annual
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.83B	USD	Annual
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.96B	USD	Annual
Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.69B	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.