Illinois Tool Works annual net debt
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2025
Illinois Tool Works Net Debt Growth & History (ITW)
Illinois Tool Works's net debt was $8.36B for fiscal 2025.
View full Illinois Tool Works company overviewIllinois Tool Works annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $8.36B | $1.23B | +17.25% |
| 2024 | 2024-12-31 | $7.13B | −$175.0M | −2.40% |
| 2023 | 2023-12-31 | $7.30B | $64.0M | +0.88% |
| 2022 | 2022-12-31 | $7.24B | $887.0M | +13.96% |
| 2021 | 2021-12-31 | $6.35B | $608.0M | +10.58% |
| 2020 | 2020-12-31 | $5.75B | −$210.0M | −3.53% |
| 2019 | 2019-12-31 | $5.96B | $80.0M | +1.36% |
| 2018 | 2018-12-31 | $5.88B | $642.0M | +12.27% |
| 2017 | 2017-12-31 | $5.23B | −$123.0M | −2.30% |
| 2016 | 2016-12-31 | $5.36B | $1.02B | +23.66% |
| 2015 | 2015-12-31 | $4.33B | $903.0M | +26.33% |
| 2014 | 2014-12-31 | $3.43B | $703.0M | +25.79% |
| 2013 | 2013-12-31 | $2.73B | $457.0M | +20.14% |
| 2012 | 2012-12-31 | $2.27B | −$543.0M | −19.31% |
| 2011 | 2011-12-31 | $2.81B | $1.13B | +67.15% |
| 2010 | 2010-12-31 | $1.68B | −$100.2M | −5.62% |
| 2009 | 2009-12-31 | $1.78B | −$1.04B | −36.81% |
| 2008 | 2008-12-31 | $2.82B | — | — |
Illinois Tool Works quarterly net debt
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Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $8.86B | $706.0M | +8.66% |
| Q1 2026 | 2026-03-31 | $8.32B | $931.0M | +12.60% |
| Q4 2025 | 2025-12-31 | $8.36B | $1.23B | +17.25% |
| Q3 2025 | 2025-09-30 | $8.02B | $619.0M | +8.37% |
| Q2 2025 | 2025-06-30 | $8.15B | $538.0M | +7.07% |
| Q1 2025 | 2025-03-31 | $7.39B | $24.0M | +0.33% |
| Q4 2024 | 2024-12-31 | $7.13B | −$175.0M | −2.40% |
| Q3 2024 | 2024-09-30 | $7.40B | $323.0M | +4.56% |
| Q2 2024 | 2024-06-30 | $7.61B | $311.0M | +4.26% |
| Q1 2024 | 2024-03-31 | $7.37B | $129.0M | +1.78% |
| Q4 2023 | 2023-12-31 | $7.30B | $64.0M | +0.88% |
| Q3 2023 | 2023-09-30 | $7.08B | $222.0M | +3.24% |
| Q2 2023 | 2023-06-30 | $7.30B | $539.0M | +7.97% |
| Q1 2023 | 2023-03-31 | $7.24B | $675.0M | +10.29% |
| Q4 2022 | 2022-12-31 | $7.24B | $887.0M | +13.96% |
| Q3 2022 | 2022-09-30 | $6.85B | $711.0M | +11.57% |
| Q2 2022 | 2022-06-30 | $6.76B | $579.0M | +9.37% |
| Q1 2022 | 2022-03-31 | $6.56B | $747.0M | +12.85% |
| Q4 2021 | 2021-12-31 | $6.35B | $608.0M | +10.58% |
| Q3 2021 | 2021-09-30 | $6.14B | $14.0M | +0.23% |
| Q2 2021 | 2021-06-30 | $6.18B | $221.0M | +3.71% |
| Q1 2021 | 2021-03-31 | $5.82B | −$453.0M | −7.23% |
| Q4 2020 | 2020-12-31 | $5.75B | −$210.0M | −3.53% |
| Q3 2020 | 2020-09-30 | $6.13B | $128.0M | +2.13% |
| Q2 2020 | 2020-06-30 | $5.96B | −$355.0M | −5.62% |
| Q1 2020 | 2020-03-31 | $6.27B | $49.0M | +0.79% |
| Q4 2019 | 2019-12-31 | $5.96B | $80.0M | +1.36% |
| Q3 2019 | 2019-09-30 | $6.00B | $186.0M | +3.20% |
| Q2 2019 | 2019-06-30 | $6.32B | $525.0M | +9.07% |
| Q1 2019 | 2019-03-31 | $6.22B | $610.0M | +10.88% |
| Q4 2018 | 2018-12-31 | $5.88B | $642.0M | +12.27% |
| Q3 2018 | 2018-09-30 | $5.82B | $473.0M | +8.85% |
| Q2 2018 | 2018-06-30 | $5.79B | $239.0M | +4.30% |
| Q1 2018 | 2018-03-31 | $5.61B | $248.0M | +4.63% |
| Q4 2017 | 2017-12-31 | $5.23B | −$123.0M | −2.30% |
| Q3 2017 | 2017-09-30 | $5.34B | −$25.0M | −0.47% |
| Q2 2017 | 2017-06-30 | $5.55B | $769.0M | +16.08% |
| Q1 2017 | 2017-03-31 | $5.36B | $806.0M | +17.69% |
| Q4 2016 | 2016-12-31 | $5.36B | $1.02B | +23.66% |
| Q3 2016 | 2016-09-30 | $5.37B | $556.0M | +11.56% |
| Q2 2016 | 2016-06-30 | $4.78B | −$172.0M | −3.47% |
| Q1 2016 | 2016-03-31 | $4.55B | −$326.0M | −6.68% |
| Q4 2015 | 2015-12-31 | $4.33B | $903.0M | +26.33% |
| Q3 2015 | 2015-09-30 | $4.81B | $2.10B | +77.53% |
| Q2 2015 | 2015-06-30 | $4.96B | $3.04B | +159.02% |
| Q1 2015 | 2015-03-31 | $4.88B | $806.0M | +19.78% |
| Q4 2014 | 2014-12-31 | $3.43B | $703.0M | +25.79% |
| Q3 2014 | 2014-09-30 | $2.71B | $592.0M | +27.95% |
| Q2 2014 | 2014-06-30 | $1.91B | −$391.0M | −16.97% |
| Q1 2014 | 2014-03-31 | $4.08B | $1.73B | +73.40% |
| Q4 2013 | 2013-12-31 | $2.73B | $457.0M | +20.14% |
| Q3 2013 | 2013-09-30 | $2.12B | −$824.0M | −28.01% |
| Q2 2013 | 2013-06-30 | $2.30B | −$910.0M | −28.31% |
| Q1 2013 | 2013-03-31 | $2.35B | −$1.11B | −32.10% |
| Q4 2012 | 2012-12-31 | $2.27B | −$543.0M | −19.31% |
| Q3 2012 | 2012-09-30 | $2.94B | −$301.9M | −9.31% |
| Q2 2012 | 2012-06-30 | $3.21B | $371.9M | +13.08% |
| Q1 2012 | 2012-03-31 | $3.46B | $1.20B | +52.87% |
| Q4 2011 | 2011-12-31 | $2.81B | $1.13B | +67.15% |
| Q3 2011 | 2011-09-30 | $3.24B | $1.59B | +95.78% |
| Q2 2011 | 2011-06-30 | $2.84B | $1.15B | +68.28% |
| Q1 2011 | 2011-03-31 | $2.26B | $634.1M | +38.90% |
| Q4 2010 | 2010-12-31 | $1.68B | −$100.2M | −5.62% |
| Q3 2010 | 2010-09-30 | $1.66B | −$337.1M | −16.90% |
| Q2 2010 | 2010-06-30 | $1.69B | −$731.0M | −30.21% |
| Q1 2010 | 2010-03-31 | $1.63B | — | — |
| Q4 2009 | 2009-12-31 | $1.78B | −$1.16B | −39.35% |
| Q3 2009 | 2009-09-30 | $1.99B | — | — |
| Q2 2009 | 2009-06-30 | $2.42B | — | — |
| Q4 2008 | 2008-12-31 | $2.94B | — | — |
Illinois Tool Works net debt trends
Over the last five fiscal years, Illinois Tool Works's net debt increased from $5.75B to $8.36B, a change of $2.61B. The latest reported quarter, Q2 2026, shows $8.86B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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