# ILLINOIS TOOL WORKS INC (ITW) FY2024 YTD Q3 P&L / Income Statement

- Company: ILLINOIS TOOL WORKS INC (ITW)
- Period: 2024-01-01 to 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-10-30, accession number 0000049826-24-000048
- Page: https://plicit.ai/financials/itw/fy2024-ytd-q3-income-statement
- Chart image: https://plicit.ai/charts/itw-fy2024-ytd-q3-income-statement-sankey.png

## Chart details: Revenue by Business Segment

Income statement for 2024-01-01 through 2024-09-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Operating Revenue**: 11,966,000,000 US dollars
- **Cost of revenue**: 6,637,000,000 US dollars
- **Gross profit (calculated)**: 5,329,000,000 US dollars
- **Operating expenses (calculated)**: 2,096,000,000 US dollars
- **Operating Income**: 3,233,000,000 US dollars
- **Other income (expense), net (calculated)**: 206,000,000 US dollars
- **Income Before Taxes**: 3,439,000,000 US dollars
- **Income Taxes**: 701,000,000 US dollars
- **Net Income**: 2,738,000,000 US dollars
- **Automotive OEM**: 2,403,000,000 US dollars
- **Food Equipment**: 1,975,000,000 US dollars
- **Test & Measurement and Electronics**: 2,071,000,000 US dollars
- **Welding**: 1,404,000,000 US dollars
- **Polymers & Fluids**: 1,334,000,000 US dollars
- **Construction Products**: 1,471,000,000 US dollars
- **Specialty Products**: 1,327,000,000 US dollars
- **Selling, administrative, and research and development expenses**: 2,020,000,000 US dollars
- **Amortization and impairment of intangible assets**: 76,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 11,985,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Intersegment revenue**: negative 19,000,000 US dollars. Reported reconciliation to consolidated revenue.

### 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.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.