Stock Analysis on Net
Stock Analysis on Net

Illinois Tool Works Inc. (NYSE:ITW)

This company has been moved to the archive! The financial data has not been updated since February 11, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Illinois Tool Works Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Short-term debt 4.84 2.24 0.03 9.09 5.07
Accounts payable 3.64 3.42 3.13 3.52 3.52
Compensation and employee benefits 2.86 2.15 2.22 2.63 2.45
Deferred revenue and customer deposits 2.45 1.42 1.25 1.45 1.22
Rebates 1.30 1.10 1.06 1.16 0.88
Current portion of operating lease liabilities 0.38 0.35 0.34 0.00 0.00
Warranties 0.29 0.29 0.30 0.30 0.27
Current portion of pension and other postretirement benefit obligations 0.09 0.09 0.09 0.11 0.10
Other 2.89 2.83 2.82 2.91 2.59
Accrued expenses 10.25% 8.22% 8.08% 8.55% 7.50%
Cash dividends payable 2.38 2.31 2.27 2.21 1.59
Income taxes payable 0.48 0.38 0.32 0.46 0.53
Liabilities held for sale 0.00 0.00 0.47 0.00 0.00
Current liabilities 21.58% 16.58% 14.30% 23.82% 18.19%
Long-term debt 42.97 49.78 51.46 40.54 44.56
Deferred income taxes 4.07 3.77 4.43 4.75 0.98
Noncurrent income taxes payable 2.27 2.65 3.07 3.33 3.66
Pension benefit obligation 1.46 1.54 1.43 1.37 1.31
Postretirement benefit obligation 0.92 1.22 1.31 1.20 1.04
Long-term portion of operating lease liabilities 0.83 0.85 0.85 0.00 0.00
Other 3.34 3.22 3.05 3.07 2.91
Other liabilities 6.55% 6.84% 6.64% 5.64% 5.26%
Noncurrent liabilities 55.86% 63.03% 65.60% 54.27% 54.46%
Total liabilities 77.45% 79.62% 79.89% 78.09% 72.65%
Common stock, par value of $0.01 per share 0.04 0.04 0.04 0.04 0.04
Additional paid-in-capital 8.91 8.72 8.65 8.43 7.26
Retained earnings 151.30 148.05 148.68 142.68 120.44
Common stock held in treasury -128.36 -125.92 -125.98 -117.99 -92.74
Accumulated other comprehensive loss -9.34 -10.52 -11.32 -11.28 -7.67
Stockholders’ equity attributable to ITW 22.55% 20.38% 20.08% 21.88% 27.32%
Noncontrolling interest 0.01 0.01 0.03 0.03 0.02
Total stockholders’ equity 22.55% 20.38% 20.11% 21.91% 27.35%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

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 liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Illinois Tool Works Inc. current liabilities as a percentage of total liabilities and stockholders’ equity increased from 2019 to 2020 and from 2020 to 2021.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Illinois Tool Works Inc. noncurrent liabilities as a percentage of total liabilities and stockholders’ equity decreased from 2019 to 2020 and from 2020 to 2021.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Illinois Tool Works Inc. total liabilities as a percentage of total liabilities and stockholders’ equity decreased from 2019 to 2020 and from 2020 to 2021.
Stockholders’ equity attributable to ITW Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Illinois Tool Works Inc. stockholders’ equity attributable to ITW as a percentage of total liabilities and stockholders’ equity increased from 2019 to 2020 and from 2020 to 2021.