Common-Size Balance Sheet: Assets
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Illinois Tool Works Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Balance sheet item | Description | The company |
|---|---|---|
| Current assets | Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. | Illinois Tool Works Inc. current assets as a percentage of total assets increased from 2019 to 2020 but then decreased significantly from 2020 to 2021. |
| Net plant and equipment | Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. | Illinois Tool Works Inc. net plant and equipment as a percentage of total assets decreased from 2019 to 2020 and from 2020 to 2021. |
| Noncurrent assets | Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. | Illinois Tool Works Inc. noncurrent assets as a percentage of total assets decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |