Illinois Tool Works (Illinois Tool Works) Total Liabilities : $12,505 Mil (As of Dec. 2023)

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What is Illinois Tool Works Total Liabilities?

Illinois Tool Works's Total Liabilities for the quarter that ended in Dec. 2023 was $12,505 Mil.

Illinois Tool Works's quarterly Total Liabilities declined from Jun. 2023 ($12,558.00 Mil) to Sep. 2023 ($12,391.00 Mil) but then increased from Sep. 2023 ($12,391.00 Mil) to Dec. 2023 ($12,505.00 Mil).

Illinois Tool Works's annual Total Liabilities declined from Dec. 2021 ($12,451.00 Mil) to Dec. 2022 ($12,333.00 Mil) but then increased from Dec. 2022 ($12,333.00 Mil) to Dec. 2023 ($12,505.00 Mil).

Illinois Tool Works Total Liabilities Historical Data

The historical data trend for Illinois Tool Works's Total Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Illinois Tool Works Total Liabilities Chart

Illinois Tool Works Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Liabilities

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12,038.00

12,430.00

12,451.00

12,333.00

12,505.00

Illinois Tool Works Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Liabilities	Get a 7-Day Free Trial															12,333.00	12,820.00	12,558.00	12,391.00	12,505.00

Illinois Tool Works Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Illinois Tool Works's Total Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	4675	+	(6487	+	705
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	326	+	312)
	=	12,505

Total Liabilities	=	Total Assets (A: Dec. 2023 )	-	Total Equity (A: Dec. 2023 )
	=	15518	-	3013
	=	12,505

Illinois Tool Works's Total Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	4675	+	(6487	+	705
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	326	+	312)
	=	12,505

Total Liabilities	=	Total Assets (Q: Dec. 2023 )	-	Total Equity (Q: Dec. 2023 )
	=	15518	-	3013
	=	12,505

Illinois Tool Works Total Liabilities Related Terms

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Illinois Tool Works (Illinois Tool Works) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Illinois Tool Works Inc (NYSE:ITW) » Definitions » Total Liabilities

Comparable Companies

Traded in Other Exchanges

ILT:Germany ILT:Germany ILT:Germany I1TW34:Brazil

Address

155 Harlem Avenue, Glenview, IL, USA, 60025

Website

https://www.itw.com

Illinois Tool Works is a diversified global manufacturer that produces specialized industrial equipment, consumables, and related services. The firm operates 87 global divisions through seven distinct operating segments: automotive OEM, construction products, food equipment, specialty products, test/measurement and electronics, polymers and fluids, and welding. About half of its revenue comes from its operations in North America, with the remainder originating from international markets. ITW takes a bottom-up and decentralized approach to portfolio management, with the exception that each segment must apply its 80/20 operating process modeled on the Pareto principle.

Executives

Smith David Byron Jr	director	155 HARLEM AVE., GLENVIEW IL 60025
Randall J Scheuneman	officer: VP & Chief Accounting Officer	155 HARLEM AVE., GLENVIEW IL 60025
Christopher A O'herlihy	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Ernest Scott Santi	director, officer: President & CEO	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Michael M Larsen	officer: SVP & CFO	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Kelly J Grier	director	155 HARLEM AVE., GLENVIEW IL 60025
Lei Zhang Schlitz	officer: Executive Vice President	5757 N. GREENBAY AVENUE, GLENDALE WI 53129
Patricia A. Hartzell	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Javier Gracia Carbonell	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Mary Katherine Lawler	officer: SVP & Chief HR Officer	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE, GLENVIEW IL 60025
Jay L Henderson	director	50 SOUTH LASALLE ST, CHICAGO IL 60603
Jennifer Kaplan Schott	officer: SVP, General Counsel & Secy.	155 HARLEM AVE., GLENVIEW IL 60025
Darrell L Ford	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Finch Norman D. Jr.	officer: Sr. VP, General Counsel & Secy	C/O ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Michael R. Zimmerman	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025