itw-20250630

000004982612/312025Q2falsefalsefalsefalsefalsexbrli:sharesiso4217:USDiso4217:USDxbrli:sharesxbrli:pureitw:businessitw:divisionitw:segmentiso4217:EUR00000498262025-01-012025-06-300000049826us-gaap:CommonStockMember2025-01-012025-06-300000049826itw:A0.625EuroNotesdue2027Member2025-01-012025-06-300000049826itw:A3.250EuroNotesDue2028Member2025-01-012025-06-300000049826itw:A2.125EuroNotesdue2030Member2025-01-012025-06-300000049826itw:A1.00EuroNotesdue2031Member2025-01-012025-06-300000049826itw:A3.375EuroNotesDue2032Member2025-01-012025-06-300000049826itw:A3.00EuroNotesdue2034Member2025-01-012025-06-3000000498262025-06-3000000498262025-04-012025-06-3000000498262024-04-012024-06-3000000498262024-01-012024-06-3000000498262024-12-310000049826us-gaap:CommonStockMember2025-03-310000049826us-gaap:AdditionalPaidInCapitalMember2025-03-310000049826us-gaap:RetainedEarningsMember2025-03-310000049826us-gaap:TreasuryStockCommonMember2025-03-310000049826us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310000049826us-gaap:NoncontrollingInterestMember2025-03-3100000498262025-03-310000049826us-gaap:RetainedEarningsMember2025-04-012025-06-300000049826us-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-300000049826us-gaap:TreasuryStockCommonMember2025-04-012025-06-300000049826us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-012025-06-300000049826us-gaap:CommonStockMember2025-06-300000049826us-gaap:AdditionalPaidInCapitalMember2025-06-300000049826us-gaap:RetainedEarningsMember2025-06-300000049826us-gaap:TreasuryStockCommonMember2025-06-300000049826us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-300000049826us-gaap:NoncontrollingInterestMember2025-06-300000049826us-gaap:CommonStockMember2024-03-310000049826us-gaap:AdditionalPaidInCapitalMember2024-03-310000049826us-gaap:RetainedEarningsMember2024-03-310000049826us-gaap:TreasuryStockCommonMember2024-03-310000049826us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310000049826us-gaap:NoncontrollingInterestMember2024-03-3100000498262024-03-310000049826us-gaap:RetainedEarningsMember2024-04-012024-06-300000049826us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-300000049826us-gaap:TreasuryStockCommonMember2024-04-012024-06-300000049826us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-012024-06-300000049826us-gaap:CommonStockMember2024-06-300000049826us-gaap:AdditionalPaidInCapitalMember2024-06-300000049826us-gaap:RetainedEarningsMember2024-06-300000049826us-gaap:TreasuryStockCommonMember2024-06-300000049826us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300000049826us-gaap:NoncontrollingInterestMember2024-06-3000000498262024-06-300000049826us-gaap:CommonStockMember2024-12-310000049826us-gaap:AdditionalPaidInCapitalMember2024-12-310000049826us-gaap:RetainedEarningsMember2024-12-310000049826us-gaap:TreasuryStockCommonMember2024-12-310000049826us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310000049826us-gaap:NoncontrollingInterestMember2024-12-310000049826us-gaap:RetainedEarningsMember2025-01-012025-06-300000049826us-gaap:AdditionalPaidInCapitalMember2025-01-012025-06-300000049826us-gaap:TreasuryStockCommonMember2025-01-012025-06-300000049826us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-06-300000049826us-gaap:CommonStockMember2023-12-310000049826us-gaap:AdditionalPaidInCapitalMember2023-12-310000049826us-gaap:RetainedEarningsMember2023-12-310000049826us-gaap:TreasuryStockCommonMember2023-12-310000049826us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310000049826us-gaap:NoncontrollingInterestMember2023-12-3100000498262023-12-310000049826us-gaap:RetainedEarningsMember2024-01-012024-06-300000049826us-gaap:AdditionalPaidInCapitalMember2024-01-012024-06-300000049826us-gaap:TreasuryStockCommonMember2024-01-012024-06-300000049826us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-06-300000049826us-gaap:InventoryValuationAndObsolescenceMember2023-01-012023-12-310000049826itw:CorporateAndReconcilingItemsMemberus-gaap:ChangeInAccountingMethodAccountedForAsChangeInEstimateMember2024-01-012024-06-3000000498262024-01-022024-01-0200000498262024-04-012024-04-010000049826us-gaap:OperatingSegmentsMemberitw:AutomotiveOEMSegmentMember2025-04-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:AutomotiveOEMSegmentMember2024-04-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:AutomotiveOEMSegmentMember2025-01-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:AutomotiveOEMSegmentMember2024-01-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:FoodEquipmentSegmentMember2025-04-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:FoodEquipmentSegmentMember2024-04-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:FoodEquipmentSegmentMember2025-01-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:FoodEquipmentSegmentMember2024-01-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:TestandMeasurementandElectronicsSegmentMember2025-04-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:TestandMeasurementandElectronicsSegmentMember2024-04-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:TestandMeasurementandElectronicsSegmentMember2025-01-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:TestandMeasurementandElectronicsSegmentMember2024-01-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:WeldingSegmentMember2025-04-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:WeldingSegmentMember2024-04-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:WeldingSegmentMember2025-01-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:WeldingSegmentMember2024-01-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:PolymersAndFluidsSegmentMember2025-04-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:PolymersAndFluidsSegmentMember2024-04-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:PolymersAndFluidsSegmentMember2025-01-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:PolymersAndFluidsSegmentMember2024-01-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:ConstructionProductsSegmentMember2025-04-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:ConstructionProductsSegmentMember2024-04-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:ConstructionProductsSegmentMember2025-01-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:ConstructionProductsSegmentMember2024-01-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:SpecialtyProductsSegmentMember2025-04-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:SpecialtyProductsSegmentMember2024-04-012024-06-300000049826us-gaap:OperatingSegmentsMemberitw:SpecialtyProductsSegmentMember2025-01-012025-06-300000049826us-gaap:OperatingSegmentsMemberitw:SpecialtyProductsSegmentMember2024-01-012024-06-300000049826us-gaap:OperatingSegmentsMember2025-04-012025-06-300000049826us-gaap:OperatingSegmentsMember2024-04-012024-06-300000049826us-gaap:OperatingSegmentsMember2025-01-012025-06-300000049826us-gaap:OperatingSegmentsMember2024-01-012024-06-300000049826us-gaap:IntersegmentEliminationMember2025-04-012025-06-300000049826us-gaap:IntersegmentEliminationMember2024-04-012024-06-300000049826us-gaap:IntersegmentEliminationMember2025-01-012025-06-300000049826us-gaap:IntersegmentEliminationMember2024-01-012024-06-300000049826us-gaap:PensionPlansDefinedBenefitMember2025-04-012025-06-300000049826us-gaap:PensionPlansDefinedBenefitMember2024-04-012024-06-300000049826us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2025-04-012025-06-300000049826us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2024-04-012024-06-300000049826us-gaap:PensionPlansDefinedBenefitMember2025-01-012025-06-300000049826us-gaap:PensionPlansDefinedBenefitMember2024-01-012024-06-300000049826us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2025-01-012025-06-300000049826us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2024-01-012024-06-300000049826us-gaap:PensionPlansDefinedBenefitMember2025-06-300000049826us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2025-06-300000049826us-gaap:CommercialPaperMember2025-06-300000049826us-gaap:CommercialPaperMember2024-12-310000049826us-gaap:LineOfCreditMemberitw:EuroCreditAgreementMember2024-12-310000049826us-gaap:LineOfCreditMemberitw:EuroCreditAgreementMember2023-05-052023-05-050000049826us-gaap:LineOfCreditMemberitw:EuroCreditAgreementMember2025-02-242025-02-240000049826us-gaap:LineOfCreditMemberitw:EuroCreditAgreementMember2025-06-300000049826itw:A3.25EuroNotesDueMay172028Memberus-gaap:NetInvestmentHedgingMemberus-gaap:SeniorNotesMember2024-05-170000049826itw:A3.375EuroNotesDueMay172032Memberus-gaap:NetInvestmentHedgingMemberus-gaap:SeniorNotesMember2024-05-170000049826us-gaap:LineOfCreditMemberitw:EuroCreditAgreementMember2024-05-172024-05-170000049826us-gaap:LineOfCreditMemberitw:NoteDueOctober212027Member2025-06-300000049826us-gaap:LineOfCreditMemberitw:NoteDueOctober212027Member2024-12-310000049826us-gaap:AccumulatedTranslationAdjustmentMember2025-04-012025-06-300000049826us-gaap:AccumulatedTranslationAdjustmentMember2024-04-012024-06-300000049826us-gaap:AccumulatedTranslationAdjustmentMember2025-01-012025-06-300000049826us-gaap:AccumulatedTranslationAdjustmentMember2024-01-012024-06-300000049826us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-04-012025-06-300000049826us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-04-012024-06-300000049826us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2025-01-012025-06-300000049826us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2024-01-012024-06-300000049826us-gaap:NetInvestmentHedgingMemberitw:EuroNotesMember2025-04-012025-06-300000049826us-gaap:NetInvestmentHedgingMemberitw:EuroNotesMember2024-04-012024-06-300000049826us-gaap:NetInvestmentHedgingMemberitw:EuroNotesMember2025-01-012025-06-300000049826us-gaap:NetInvestmentHedgingMemberitw:EuroNotesMember

SEC Form 10-Q filed by Illinois Tool Works Inc.