# ILLINOIS TOOL WORKS INC (ITW) FY2024 Annual Balance Sheet

- Company: ILLINOIS TOOL WORKS INC (ITW)
- Period: As of 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-14, accession number 0000049826-25-000007
- Page: https://plicit.ai/financials/itw/fy2024-annual-balance-sheet
- Chart image: https://plicit.ai/charts/itw-fy2024-annual-balance-sheet-sankey.png

## Chart details

Balance sheet as of 2024-12-31. The chart shows assets, liabilities and equity at that date.

- **Assets**: 15,067,000,000 US dollars
- **Current assets**: 5,856,000,000 US dollars
- **Non-current assets**: 9,211,000,000 US dollars
- **Liabilities (calculated)**: 11,750,000,000 US dollars
- **Current liabilities**: 4,308,000,000 US dollars
- **Non-current liabilities**: 7,442,000,000 US dollars
- **Equity**: 3,317,000,000 US dollars
- **Noncontrolling interest**: 1,000,000 US dollars. Included in consolidated equity; this amount is not added again.
- **Trade receivables**: 2,991,000,000 US dollars
- **Inventories**: 1,605,000,000 US dollars
- **Cash and equivalents**: 948,000,000 US dollars
- **Prepaid expenses and other current assets**: 312,000,000 US dollars
- **Goodwill**: 4,839,000,000 US dollars
- **Net plant and equipment**: 2,036,000,000 US dollars
- **Other assets**: 1,375,000,000 US dollars
- **Intangible assets**: 592,000,000 US dollars
- **Deferred income taxes**: 369,000,000 US dollars
- **Accrued expenses**: 1,576,000,000 US dollars
- **Short-term debt**: 1,555,000,000 US dollars
- **Accounts payable**: 519,000,000 US dollars
- **Cash dividends payable**: 441,000,000 US dollars
- **Income taxes payable**: 217,000,000 US dollars
- **Long-term debt**: 6,308,000,000 US dollars
- **Other liabilities**: 1,015,000,000 US dollars
- **Deferred income taxes**: 119,000,000 US dollars
- **Noncurrent income taxes payable**: 0 US dollars
- **Retained earnings**: 28,893,000,000 US dollars
- **Additional paid-in-capital**: 1,669,000,000 US dollars
- **Common stock (Authorized- 700.0 shares; par value of $0.01 per share) Issued- 550.0 shares in 2024 and 2023 Outstanding- 294.0 shares in 2024 and 299.3 shares in 2023**: 6,000,000 US dollars
- **Noncontrolling interest**: 1,000,000 US dollars
- **Common stock held in treasury**: negative 25,375,000,000 US dollars
- **Accumulated other comprehensive income (loss)**: negative 1,877,000,000 US dollars
- **Gross equity (calculated)**: 30,569,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

### Chart connections

- Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
- Treasury shares and other negative equity contributions reduce equity.