Non-Current Assets
Goodwill
Illinois Tool Works Goodwill decreased by 0.3% to $5.08B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.7%, from $4.9B to $5.08B. Over 5 years (FY 2020 to FY 2025), Goodwill shows relatively stable performance with a 1.7% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2013
Last reportedQ1 2026May 7, 2026
How to read this metric
High levels indicate a history of acquisitions; impairment charges signal that previous acquisitions are not meeting performance expectations.
Detailed definition
This represents the premium paid over the fair value of net identifiable assets during an acquisition. It reflects the v...
Peer comparison
Common in companies with active M&A strategies, often compared relative to total equity.
Metric ID:
goodwillHistorical 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 | $4.66B | $4.61B | $4.97B | $5.01B | $4.87B | $4.76B | $4.86B | $4.88B | $4.89B | $4.83B | $4.91B | $4.9B | $4.91B | $4.98B | $4.84B | $4.9B | $5.04B | $5.03B | $5.1B | $5.08B |
| QoQ Change | — | -1.0% | +7.7% | +0.9% | -2.8% | -2.3% | +2.2% | +0.4% | +0.1% | -1.2% | +1.7% | -0.1% | +0.1% | +1.4% | -2.8% | +1.3% | +2.8% | -0.2% | +1.4% | -0.3% |
| YoY Change | — | — | — | — | +4.6% | +3.2% | -2.0% | -2.5% | +0.3% | +1.4% | +0.9% | +0.4% | +0.5% | +3.1% | -1.4% | -0.0% | +2.6% | +1.0% | +5.4% | +3.7% |
Range$4.61B – $5.1B
CAGR+1.9%
Avg YoY Growth+1.3%
Median YoY Growth+0.9%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Automotive OEM | $4.91B | $4.98B | $4.84B | $4.9B | $5.04B | $5.03B | $5.1B | $5.08B |
| Construction Products | $4.91B | $4.98B | $4.84B | $4.9B | $5.04B | $5.03B | $5.1B | $5.08B |
| Food Equipment | $4.91B | $4.98B | $4.84B | $4.9B | $5.04B | $5.03B | $5.1B | $5.08B |
| Specialty Products | $4.91B | $4.98B | $4.84B | $4.9B | $5.04B | $5.03B | $5.1B | $5.08B |
| Testand Measurementand Electronics | $4.91B | $4.98B | $4.84B | $4.9B | $5.04B | $5.03B | $5.1B | $5.08B |
| Welding | $4.91B | $4.98B | $4.84B | $4.9B | $5.04B | $5.03B | $5.1B | $5.08B |
| Total | $4.91B | $4.98B | $4.84B | $4.9B | $5.04B | $5.03B | $5.1B | $5.08B |
Goodwill at Other Companies
Frequently Asked Questions
- What is Illinois Tool Works's goodwill?
- Illinois Tool Works (ITW) reported goodwill of $5.08B in Q1 2026.
- How has Illinois Tool Works's goodwill changed year-over-year?
- Illinois Tool Works's goodwill increased by 3.7% year-over-year, from $4.9B to $5.08B.
- What is the long-term trend for Illinois Tool Works's goodwill?
- Over 5 years (2020 to 2025), Illinois Tool Works's goodwill has grown at a 1.7% compound annual growth rate (CAGR), from $4.69B to $5.1B.
- What does goodwill mean?
- The intangible value recorded when a company pays more than the fair market value to acquire another business.