Non-Current Assets
Deferred Tax Assets
Illinois Tool Works Deferred Tax Assets decreased by 2.7% to $505M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.8%, from $440M to $505M. Over 5 years (FY 2020 to FY 2025), Deferred Tax Assets shows relatively stable performance with a -0.5% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryOther
SignalContext dependent
VolatilityStable
First reportedQ4 2018
Last reportedQ1 2026May 7, 2026
How to read this metric
An increase may indicate future tax savings, though it is often driven by complex accounting and tax planning.
Detailed definition
These assets arise from temporary differences between the book value of assets and liabilities and their tax bases, or f...
Peer comparison
Standard accounting item across all large corporations, though highly dependent on specific tax jurisdictions.
Metric ID:
non_current_assets_deferred_income_tax_assets_netHistorical 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 | $613M | $580M | $552M | $546M | $498M | $448M | $494M | $503M | $500M | $455M | $479M | $462M | $448M | $468M | $369M | $440M | $564M | $573M | $519M | $505M |
| QoQ Change | — | -5.4% | -4.8% | -1.1% | -8.8% | -10.0% | +10.3% | +1.8% | -0.6% | -9.0% | +5.3% | -3.5% | -3.0% | +4.5% | -21.2% | +19.2% | +28.2% | +1.6% | -9.4% | -2.7% |
| YoY Change | — | — | — | — | -18.8% | -22.8% | -10.5% | -7.9% | +0.4% | +1.6% | -3.0% | -8.2% | -10.4% | +2.9% | -23.0% | -4.8% | +25.9% | +22.4% | +40.7% | +14.8% |
Range$369M – $613M
CAGR-4.0%
Avg YoY Growth-0.0%
Median YoY Growth-3.9%
Current Streak2 quarters decline
Deferred Tax Assets at Other Companies
Frequently Asked Questions
- What is Illinois Tool Works's deferred tax assets?
- Illinois Tool Works (ITW) reported deferred tax assets of $505M in Q1 2026.
- How has Illinois Tool Works's deferred tax assets changed year-over-year?
- Illinois Tool Works's deferred tax assets increased by 14.8% year-over-year, from $440M to $505M.
- What is the long-term trend for Illinois Tool Works's deferred tax assets?
- Over 5 years (2020 to 2025), Illinois Tool Works's deferred tax assets has grown at a -0.5% compound annual growth rate (CAGR), from $533M to $519M.
- What does deferred tax assets mean?
- Future tax benefits that the company expects to realize based on past financial events.