Illinois Tool Works ITW Effective tax rates
Effective tax rates at other companies
Other financials
Where this comes from
Reported directly by Illinois Tool Works in its filing.
Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateContinuingOperations.
The source filing: Illinois Tool Works’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 3:34 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000049826-26-000049
The Company's effective tax rate for the three months ended June 30, 2026 and 2025 was 24.4% in both periods and 22.6% and 23.1% for the six months ended June 30, 2026 and 2025, respectively. The effective tax rate for the six months ended June 30, 2026 included a discrete tax benefit of $34 million in the first quarter of 2026 primarily related to the resolution of a U.S. tax audit. Additionally, the effective tax rate for the six months ended June 30, 2025 included a discrete tax benefit of $21 million in the first quarter of 2025 related to the reversal of a valuation allowance on net operating loss carryforwards. The effective tax rates for 2026 and 2025 also included excess tax benefits from stock-based compensation of $1 million for the three months ended June 30, 2025, and $4 million and $5 million for the six months ended June 30, 2026 and 2025, respectively.
ITEM 1. Financial Statements
FAQ
- What is Illinois Tool Works's effective tax rates?
- Illinois Tool Works (ITW) reported effective tax rates of $0.24 in Q2 2026.
- How has Illinois Tool Works's effective tax rates changed year-over-year?
- Illinois Tool Works's effective tax rates decreased by 0.0% year-over-year, from $0.24 to $0.24.
- What does effective tax rates mean?
- Effective tax rates
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