Current Liabilities
Accounts Payable
Illinois Tool Works Accounts Payable increased by 16.7% to $609M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.5%, from $594M to $609M. Over 5 years (FY 2020 to FY 2025), Accounts Payable shows relatively stable performance with a -0.5% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026May 7, 2026
How to read this metric
An increase can indicate improved cash flow management through extended payment terms, while a decrease may suggest faster settlement of obligations.
Detailed definition
Accounts payable represents the outstanding obligations owed to suppliers and vendors for goods and services received on...
Peer comparison
Standard across manufacturing; high levels relative to revenue can indicate strong bargaining power with suppliers.
Metric ID:
accounts_payableHistorical 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 | $607M | $565M | $585M | $696M | $679M | $618M | $594M | $599M | $590M | $580M | $581M | $597M | $576M | $556M | $519M | $594M | $613M | $608M | $522M | $609M |
| QoQ Change | — | -6.9% | +3.5% | +19.0% | -2.4% | -9.0% | -3.9% | +0.8% | -1.5% | -1.7% | +0.2% | +2.8% | -3.5% | -3.5% | -6.7% | +14.5% | +3.2% | -0.8% | -14.1% | +16.7% |
| YoY Change | — | — | — | — | +11.9% | +9.4% | +1.5% | -13.9% | -13.1% | -6.1% | -2.2% | -0.3% | -2.4% | -4.1% | -10.7% | -0.5% | +6.4% | +9.4% | +0.6% | +2.5% |
Range$519M – $696M
CAGR+0.1%
Avg YoY Growth-0.7%
Median YoY Growth-0.4%
Accounts Payable at Other Companies
Frequently Asked Questions
- What is Illinois Tool Works's accounts payable?
- Illinois Tool Works (ITW) reported accounts payable of $609M in Q1 2026.
- How has Illinois Tool Works's accounts payable changed year-over-year?
- Illinois Tool Works's accounts payable increased by 2.5% year-over-year, from $594M to $609M.
- What is the long-term trend for Illinois Tool Works's accounts payable?
- Over 5 years (2020 to 2025), Illinois Tool Works's accounts payable has grown at a -0.5% compound annual growth rate (CAGR), from $534M to $522M.
- What does accounts payable mean?
- Money the company owes to its suppliers for goods or services already received.