Illinois Tool Works Inc. (ITW)

Solvency & Capital Structure

Total Debt

$9.69B

Net Debt

$8.86B

Illinois Tool Works Inc. currently has $9.69B in total debt. Net debt is $8.86B after cash offsets.

Financial Fundamentals

ITW • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	9.69	0.84	8.86	16.50	58.8%
2026-03-31	9.15	0.83	8.32	16.26	56.2%
2025-12-31	8.97	0.85	8.12	16.15	55.5%
2025-09-30	8.94	0.92	8.02	16.14	55.4%
2025-06-30	8.94	0.79	8.15	16.05	55.7%
2025-03-31	8.26	0.87	7.39	15.47	53.4%
2024-12-31	8.08	0.95	7.13	15.07	53.6%
2024-09-30	8.35	0.95	7.40	15.82	52.7%
2024-06-30	8.47	0.86	7.61	15.58	54.4%
2024-03-31	8.32	0.96	7.37	15.65	53.2%
2023-12-31	8.37	1.06	7.30	15.52	53.9%
2023-09-30	8.07	0.99	7.08	15.39	52.4%
2023-06-30	8.22	0.92	7.30	15.65	52.5%
2023-03-31	8.38	1.14	7.24	15.92	52.6%
2022-12-31	7.95	0.71	7.24	15.42	51.5%
2022-09-30	7.63	0.77	6.85	15.23	50.1%
2022-06-30	7.64	0.88	6.76	15.67	48.8%
2022-03-31	7.86	1.30	6.56	16.29	48.3%
2021-12-31	7.88	1.53	6.35	16.08	49.0%
2021-09-30	7.55	1.99	5.56	15.52	48.7%
2021-06-30	7.65	2.06	5.59	15.58	49.1%
2021-03-31	7.95	2.48	5.46	15.66	50.8%
2020-12-31	8.31	2.56	5.75	15.61	53.2%
2020-09-30	7.95	2.17	5.78	14.94	53.2%
2020-06-30	7.77	1.81	5.96	14.26	54.5%
2020-03-31	7.69	1.43	6.26	14.15	54.4%
2019-12-31	7.94	1.98	5.96	15.07	52.7%
2019-09-30	7.64	1.82	5.82	14.96	51.1%
2019-06-30	7.81	1.68	6.13	15.19	51.4%
2019-03-31	7.74	1.75	5.99	15.33	50.5%
2018-12-31	7.38	1.50	5.88	14.87	49.6%
2018-09-30	7.40	1.59	5.82	15.32	48.3%
2018-06-30	7.42	1.63	5.79	15.52	47.8%
2018-03-30	7.55	1.94	5.61	16.16	46.7%
2017-12-31	8.33	3.09	5.23	16.78	49.6%
2017-09-30	8.14	2.79	5.35	16.31	49.9%
2017-06-30	8.05	2.50	5.55	15.92	50.6%
2017-03-31	7.88	2.49	5.38	15.53	50.7%
2016-12-31	7.83	2.47	5.36	15.20	51.5%
2016-09-30	7.69	2.30	5.39	15.71	49.0%
2016-06-30	7.16	2.35	4.81	15.22	47.1%
2016-03-31	7.00	2.45	4.55	15.44	45.4%
2015-12-31	7.42	3.09	4.33	15.73	47.2%
2015-09-30	7.81	3.00	4.81	16.10	48.5%
2015-06-30	7.81	2.86	4.96	16.35	47.8%
2015-03-31	7.55	2.67	4.88	15.94	47.4%
2014-12-31	7.46	3.99	3.47	17.68	42.2%
2014-09-30	7.53	4.82	2.71	19.03	39.6%
2014-06-30	7.21	5.30	1.91	19.94	36.2%
2014-03-31	7.62	3.55	4.08	20.17	37.8%
2013-12-31	6.34	3.62	2.73	19.97	31.8%
2013-09-30	5.14	3.02	2.12	19.75	26.0%
2013-06-30	5.07	2.77	2.30	19.20	26.4%
2013-03-31	5.01	2.66	2.35	19.21	26.1%
2012-12-31	5.05	2.78	2.27	19.31	26.1%
2012-09-30	5.00	2.05	2.94	19.02	26.3%
2012-06-30	4.91	1.69	3.21	18.92	25.9%
2012-03-31	4.76	1.30	3.46	18.94	25.2%
2011-12-31	3.99	1.18	2.81	17.98	22.2%
2011-09-30	4.56	1.32	3.24	18.36	24.8%
2011-06-30	4.07	1.23	2.84	18.53	22.0%
2011-03-31	3.35	1.08	2.26	17.64	19.0%
2010-12-31	2.83	1.19	1.64	16.25	17.4%
2010-09-30	3.38	1.65	1.73	16.30	20.7%
2010-06-30	3.03	1.27	1.77	15.67	19.3%
2010-03-31	3.13	1.42	1.71	15.87	19.7%
2009-12-31	3.13	1.32	1.81	16.08	19.5%
2009-09-30	2.94	0.94	1.99	14.88	19.7%
2009-06-30	3.04	0.62	2.42	14.74	20.6%
2009-03-31	3.87	1.12	2.75	14.76	26.2%
2008-12-31	3.68	0.74	2.93	15.21	24.2%
2008-09-30	3.60	0.87	2.73	17.02	21.1%
2008-06-30	2.93	0.64	2.29	16.59	17.7%
2008-03-31	2.78	0.93	1.85	15.98	17.4%
2007-12-31	2.30	0.83	1.47	15.53	14.8%
2007-09-30	1.67	0.60	1.07	14.88	11.3%
2007-06-30	1.48	0.48	1.00	14.64	10.1%
2007-03-31	1.53	0.57	0.96	14.37	10.7%
2006-12-31	1.42	0.59	0.83	13.88	10.2%
2006-09-30	1.49	0.62	0.87	13.25	11.2%
2006-06-30	1.05	0.46	0.59	12.54	8.4%
2006-03-31	1.19	0.45	0.74	11.95	10.0%
2005-12-31	1.21	0.37	0.84	11.45	10.6%
2005-09-30	1.34	0.35	0.99	11.24	12.0%
2005-06-30	1.66	0.86	0.81	11.63	14.3%
2005-03-31	1.75	1.05	0.70	12.01	14.6%
2004-12-31	1.12	0.67	0.46	11.35	9.9%
2004-09-30	1.02	0.93	0.09	11.40	9.0%
2004-06-30	0.98	1.54	-0.55Net Cash	11.85	8.3%
2004-03-31	0.97	1.73	-0.76Net Cash	11.77	8.3%
2003-12-31	0.98	1.68	-0.71Net Cash	11.19	8.7%
2003-09-30	1.00	1.37	-0.38Net Cash	10.80	9.2%
2003-06-30	1.56	1.23	0.33	11.26	13.9%
2003-03-31	1.55	1.13	0.43	10.85	14.3%
2002-12-31	1.58	1.06	0.52	10.62	14.9%
2002-09-30	1.61	0.72	0.89	10.43	15.4%
2002-06-30	1.66	0.49	1.17	10.17	16.3%
2002-03-31	1.53	0.28	1.25	9.68	15.8%
2001-12-31	1.58	0.28	1.30	9.82	16.1%
2001-09-30	1.96	0.23	1.74	10.15	19.3%
2001-06-30	1.95	0.18	1.77	9.87	19.8%
2001-03-31	1.86	0.15	1.71	9.63	19.3%
2000-12-31	1.97	0.15	1.82	9.60	20.6%
2000-09-03	2.06	0.27	1.80	9.56	21.6%
2000-06-30	1.96	0.21	1.74	9.31	21.0%
2000-03-31	1.90	0.25	1.65	9.14	20.8%
1999-12-31	1.91	0.23	1.68	9.06	21.1%
1999-09-30	1.64	0.15	1.49	6.89	23.8%
1999-06-30	1.66	0.12	1.54	6.74	24.6%
1999-03-31	1.54	0.25	1.29	6.46	23.8%
1998-12-31	1.35	0.09	1.26	6.12	22.1%
1998-09-30	1.35	0.11	1.25	5.97	22.7%
1998-06-30	1.15	0.11	1.04	5.57	20.6%
1998-03-31	1.16	0.21	0.95	5.51	21.0%
1997-12-31	1.15	0.19	0.97	5.39	21.4%
1997-09-30	1.03	0.18	0.84	4.89	21.0%
1997-06-30	1.15	0.16	0.99	4.93	23.2%
1997-03-31	1.10	0.12	0.98	4.77	23.0%
1996-12-31	1.21	0.14	1.07	4.81	25.2%
1996-09-30	0.73	0.16	0.57	4.06	18.1%