Current Liabilities
Accrued Income Taxes, Current
Illinois Tool Works Accrued Income Taxes, Current decreased by 17.1% to $180M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 37.7%, from $289M to $180M. 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
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026May 7, 2026
How to read this metric
Increases generally correlate with higher pre-tax profitability, while decreases may reflect lower earnings or tax planning efficiencies.
Detailed definition
This metric represents the portion of income tax expense that is currently due to tax authorities based on the company's...
Peer comparison
Varies based on global tax jurisdictions and the company's effective tax rate.
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 | $77M | $70M | $77M | $200M | $120M | $97M | $147M | $224M | $154M | $145M | $187M | $251M | $153M | $205M | $217M | $289M | $96M | $223M | $217M | $180M |
| 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$70M – $289M
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 $180M 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 $289M to $180M.
- 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 $60M to $217M.
- What does accrued income taxes, current mean?
- The amount of income tax the company currently owes to tax authorities.