Increase (Decrease) in Deferred Income Taxes
Illinois Tool Works Increase (Decrease) in Deferred Income Taxes decreased by 111.1% to -$1.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 105.9%, from $17.00M to -$1.00M. Over 3 years (FY 2021 to FY 2024), Increase (Decrease) in Deferred Income Taxes shows an upward trend with a 4.1% CAGR.
Analysis
How to read this metric
An increase suggests tax expenses were recorded but not yet paid, while a decrease indicates the utilization of deferred tax assets or payment of previously deferred liabilities.
Detailed definition
Represents the non-cash impact on operating cash flow resulting from timing differences between financial reporting and...
Peer comparison
Common across all capital-intensive industries; peers often show fluctuations based on tax legislation and capital investment cycles.
operating_increase_decrease_in_deferred_income_taxesHistorical Data
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $108.00M | $0.00 | $69.00M | $37.00M | $23.00M | $12.00M | $78.00M | -$3.00M | $8.00M | -$10.00M | $93.00M | -$44.00M | -$2.00M | $212.00M | $10.00M | $17.00M | $13.00M | $9.00M | -$1.00M |
| QoQ Change | — | -100.0% | — | -46.4% | -37.8% | -47.8% | +550.0% | -103.8% | +366.7% | -225.0% | >999% | -147.3% | +95.5% | >999% | -95.3% | +70.0% | -23.5% | -30.8% | -111.1% |
| YoY Change | — | — | — | — | -78.7% | — | +13.0% | -108.1% | -65.2% | -183.3% | +19.2% | <-999% | -125.0% | >999% | -89.2% | +138.6% | +750.0% | -95.8% | -105.9% |
Increase (Decrease) in Deferred Income Taxes at Other Companies
Frequently Asked Questions
- What is Illinois Tool Works's increase (decrease) in deferred income taxes?
- Illinois Tool Works (ITW) reported increase (decrease) in deferred income taxes of -$1.00M in Q1 2026.
- How has Illinois Tool Works's increase (decrease) in deferred income taxes changed year-over-year?
- Illinois Tool Works's increase (decrease) in deferred income taxes decreased by 105.9% year-over-year, from $17.00M to -$1.00M.
- What is the long-term trend for Illinois Tool Works's increase (decrease) in deferred income taxes?
- Over 3 years (2021 to 2024), Illinois Tool Works's increase (decrease) in deferred income taxes has grown at a 4.1% compound annual growth rate (CAGR), from $156.00M to $176.00M.
- What does increase (decrease) in deferred income taxes mean?
- The change in cash flow caused by differences between when taxes are recorded for accounting and when they are paid to authorities.