Income StatementBalance SheetCash FlowSegments
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Illinois Tool Works Cash Flow Statement

Operating, investing, and financing cash movements

Illinois Tool Works generated $3.2B in operating cash flow over the trailing twelve months. After $418.0M in capital expenditures, free cash flow was $2.7B. Free cash flow decreased 0.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.2BNet Cash From Investing (TTM)-$528.0MNet Cash From Financing (TTM)-$2.7BCapital Expenditures (TTM)$418.0MNet Change In Cash (TTM)-$60.0M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$72.6B
P/E Ratio23.15

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired—-$2.0M—$120.0M$120.0M$0.0
Capital expenditures$118.0M$96.0M$101.0M$117.0M$105.0M$95.0M
Payment for (Proceeds from) Other Investing Activity$2.0M$1.0M——$1.0M$6.0M
Proceeds from disposition of marketable securities and other investments$1.0M$0.0$5.0M$1.0M$1.0M$0.0
Proceeds from disposals of property, plant and equipment$2.0M$3.0M$4.0M$0.0$4.0M$2.0M
Net cash from investing activities-$117.0M-$92.0M-$92.0M-$116.0M-$221.0M-$99.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain on sale of property, plant, and equipment-$1.0M$0.0-$2.0M$0.0-$1.0M$0.0
Change in income taxes payable/receivable—$72.0M-$266.0M——-$6.0M
Change in inventories-$154.0M$37.0M-$7.0M$18.0M-$82.0M$75.0M
Other working capital changes$2.0M$3.0M$1.0M$1.0M$4.0M$2.0M
Change in receivables-$127.0M$120.0M$70.0M——$165.0M
Benefit from Receivables—$2.0M$1.0M$1.0M$1.0M$1.0M
Net cash from operating activities$1.1B$592.0M$550.0M$1.0B$963.0M$623.0M
Net income$750.0M$700.0M$755.0M$821.0M$790.0M$768.0M
Amortization and impairment of intangible assets$25.0M$21.0M$21.0M$18.0M$20.0M$18.0M
Depreciation$77.0M$74.0M$78.0M$82.0M$83.0M$81.0M
Gain (Loss) On Investments, Excluding Equity Method Investments$0.0-$1.0M$1.0M$1.0M-$1.0M-$1.0M
Accounts payable-$14.0M$64.0M——-$89.0M$91.0M
Increase (Decrease) in Deferred Income Taxes$10.0M$17.0M$13.0M$9.0M—-$1.0M
Other current liabilities-$23.0M-$123.0M———-$100.0M
Increase (Decrease) in Prepaid Expense and Other Assets$12.0M$65.0M——$76.0M$12.0M
Accounts Receivable, Credit Loss Expense (Reversal)—$2.0M$1.0M$1.0M$1.0M$1.0M
Stock-based compensation$13.0M$16.0M$19.0M$17.0M$17.0M$18.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends paid$443.0M$441.0M$439.0M$438.0M$467.0M$465.0M
Other, net-$14.0M-$18.0M-$14.0M——-$18.0M
Short-term borrowings/(repayments) less than 90 days — net$511.0M$202.0M$262.0M$25.0M$19.0M$259.0M
Payment of Deferred Purchase Consideration-$14.0M-$18.0M-$14.0M——-$18.0M
Noncontrolling interest transactions and other-$14.0M-$18.0M-$14.0M——-$18.0M
Net cash from financing activities-$943.0M-$588.0M-$563.0M-$775.0M-$818.0M-$547.0M
Noncontrolling Interests Activity and Other-$14.0M-$18.0M-$14.0M——-$18.0M
Proceeds from issuance of common stock$9.0M$44.0M$3.0M$13.0M$5.0M$52.0M
Repurchases of common stock$375.0M$375.0M$375.0M$375.0M$375.0M$375.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$996.0M$496.0M$449.0M$904.0M$858.0M$528.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$53.0M$13.0M$20.0M$6.0M$3.0M-$1.0M
Net increase (decrease) in cash—-$75.0M-$85.0M—-$73.0M-$24.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$32.0M$53.0M$128.0M$62.0M$36.0M$59.0M
Income Taxes Paid, Net$220.0M$139.0M$523.0M$200.0M$190.0M$205.0M