Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Illinois Tool Works Inc., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Net income	2,694)	2,109)	2,521)	2,563)	1,687)
Foreign currency translation adjustments, net of tax	5)	4)	(2)	(328)	406)
Pension and other postretirement benefit adjustments, net of tax	135)	59)	(26)	(17)	114)
Other comprehensive income (loss)	140)	63)	(28)	(345)	520)
Comprehensive income	2,834)	2,172)	2,493)	2,218)	2,207)

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).

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Comprehensive income item	Description	The company
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Illinois Tool Works Inc. net income decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Comprehensive income	Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Exclude changes in equity resulting from investments by owners and distributions to owners.	Illinois Tool Works Inc. comprehensive income decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

Illinois Tool Works Inc. (NYSE:ITW)

Statement of Comprehensive Income