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Illinois Tool Works logo

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$73.2B
P/E Ratio23.36

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired—-$2M—$120M$120M$0
Capital expenditures$118M$96M$101M$117M$105M$95M
Payment for (Proceeds from) Other Investing Activity$2M$1M——$1M$6M
Proceeds from disposition of marketable securities and other investments$1M$0$5M$1M$1M$0
Proceeds from disposals of property, plant and equipment$2M$3M$4M$0$4M$2M
Net cash from investing activities-$117M-$92M-$92M-$116M-$221M-$99M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain on sale of property, plant, and equipment-$1M$0-$2M$0-$1M$0
Change in income taxes payable/receivable—$72M-$266M——-$6M
Change in inventories-$154M$37M-$7M$18M-$82M$75M
Other working capital changes$2M$3M$1M$1M$4M$2M
Change in receivables-$127M$120M$70M——$165M
Benefit from Receivables—$2M$1M$1M$1M$1M
Net cash from operating activities$1.1B$592M$550M$1B$963M$623M
Net income$750M$700M$755M$821M$790M$768M
Amortization and impairment of intangible assets$25M$21M$21M$18M$20M$18M
Depreciation$77M$74M$78M$82M$83M$81M
Gain (Loss) On Investments, Excluding Equity Method Investments$0-$1M$1M$1M-$1M-$1M
Accounts payable-$14M$64M——-$89M$91M
Increase (Decrease) in Deferred Income Taxes$10M$17M$13M$9M—-$1M
Other current liabilities-$23M-$123M———-$100M
Increase (Decrease) in Prepaid Expense and Other Assets$12M$65M——$76M$12M
Accounts Receivable, Credit Loss Expense (Reversal)—$2M$1M$1M$1M$1M
Stock-based compensation$13M$16M$19M$17M$17M$18M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends paid$443M$441M$439M$438M$467M$465M
Other, net-$14M-$18M-$14M——-$18M
Short-term borrowings/(repayments) less than 90 days — net$511M$202M$262M$25M$19M$259M
Payment of Deferred Purchase Consideration-$14M-$18M-$14M——-$18M
Noncontrolling interest transactions and other-$14M-$18M-$14M——-$18M
Net cash from financing activities-$943M-$588M-$563M-$775M-$818M-$547M
Noncontrolling Interests Activity and Other-$14M-$18M-$14M——-$18M
Proceeds from issuance of common stock$9M$44M$3M$13M$5M$52M
Repurchases of common stock$375M$375M$375M$375M$375M$375M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$996M$496M$449M$904M$858M$528M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$53M$13M$20M$6M$3M-$1M
Net increase (decrease) in cash—-$75M-$85M—-$73M-$24M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$32M$53M$128M$62M$36M$59M
Income Taxes Paid, Net$220M$139M$523M$200M$190M$205M