Current Liabilities
Accrued Income Taxes, Current
Illinois Tool Works Accrued Income Taxes, Current decreased by 17.1% to $180.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 37.7%, from $289.00M to $180.00M. Over 5 years (FY 2020 to FY 2025), Accrued Income Taxes, Current shows an upward trend with a 29.3% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026May 7, 2026
How to read this metric
Fluctuations generally track with changes in taxable income and the timing of tax payments to government authorities.
Detailed definition
This represents the amount of income tax currently owed to tax authorities for the current period. It reflects the compa...
Peer comparison
Standard across all corporations; reflects the immediate cash impact of tax obligations.
Metric ID:
current_liabilities_accrued_income_taxes_currentHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $77.00M | $70.00M | $77.00M | $200.00M | $120.00M | $97.00M | $147.00M | $224.00M | $154.00M | $145.00M | $187.00M | $251.00M | $153.00M | $205.00M | $217.00M | $289.00M | $96.00M | $223.00M | $217.00M | $180.00M |
| QoQ Change | — | -9.1% | +10.0% | +159.7% | -40.0% | -19.2% | +51.5% | +52.4% | -31.3% | -5.8% | +29.0% | +34.2% | -39.0% | +34.0% | +5.9% | +33.2% | -66.8% | +132.3% | -2.7% | -17.1% |
| YoY Change | — | — | — | — | +55.8% | +38.6% | +90.9% | +12.0% | +28.3% | +49.5% | +27.2% | +12.1% | -0.6% | +41.4% | +16.0% | +15.1% | -37.3% | +8.8% | +0.0% | -37.7% |
Range$70.00M – $289.00M
CAGR+19.6%
Avg YoY Growth+20.0%
Median YoY Growth+15.6%
Current Streak2 quarters decline
Accrued Income Taxes, Current at Other Companies
Frequently Asked Questions
- What is Illinois Tool Works's accrued income taxes, current?
- Illinois Tool Works (ITW) reported accrued income taxes, current of $180.00M in Q1 2026.
- How has Illinois Tool Works's accrued income taxes, current changed year-over-year?
- Illinois Tool Works's accrued income taxes, current decreased by 37.7% year-over-year, from $289.00M to $180.00M.
- What is the long-term trend for Illinois Tool Works's accrued income taxes, current?
- Over 5 years (2020 to 2025), Illinois Tool Works's accrued income taxes, current has grown at a 29.3% compound annual growth rate (CAGR), from $60.00M to $217.00M.
- What does accrued income taxes, current mean?
- The amount of income tax the company currently owes for the year.