ILLINOIS TOOL WORKS INC (ITW) FY2024 Annual P&L / Income Statement

ILLINOIS TOOL WORKS INC (ITW) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Operating Revenue

15,898,000,000 US dollars

Cost of revenue

8,858,000,000 US dollars

Gross profit (calculated)

7,040,000,000 US dollars

Operating expenses (calculated)

2,776,000,000 US dollars

Operating Income

4,264,000,000 US dollars

Other income (expense), net (calculated)

158,000,000 US dollars

Income Before Taxes

4,422,000,000 US dollars

Income taxes

934,000,000 US dollars

Net Income

3,488,000,000 US dollars

UNITED STATES

7,374,000,000 US dollars

Canada/Mexico

1,156,000,000 US dollars

Europe, Middle East and Africa

4,101,000,000 US dollars

Asia Pacific

2,961,000,000 US dollars

South America

306,000,000 US dollars

Amortization and impairment of intangible assets

101,000,000 US dollars

Selling, administrative, and research and development expenses

2,675,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.