ILLINOIS TOOL WORKS INC Quarterly Income Tax Expense (Benefit) in USD from Q1 2010 to Q3 2024

Taxonomy & unit
us-gaap: USD
Description
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Summary
Illinois Tool Works Inc quarterly/annual Income Tax Expense (Benefit) history and growth rate from Q1 2010 to Q3 2024.
  • Illinois Tool Works Inc Income Tax Expense (Benefit) for the quarter ending September 30, 2024 was $202M, a 16.2% decline year-over-year.
  • Illinois Tool Works Inc Income Tax Expense (Benefit) for the twelve months ending September 30, 2024 was $911M, a 4.71% increase year-over-year.
  • Illinois Tool Works Inc annual Income Tax Expense (Benefit) for 2023 was $866M, a 7.18% increase from 2022.
  • Illinois Tool Works Inc annual Income Tax Expense (Benefit) for 2022 was $808M, a 27.8% increase from 2021.
  • Illinois Tool Works Inc annual Income Tax Expense (Benefit) for 2021 was $632M, a 6.22% increase from 2020.
Income Tax Expense (Benefit), Trailing 12 Months (USD)
Income Tax Expense (Benefit), Quarterly (USD)
Income Tax Expense (Benefit), YoY Quarterly Growth (%)
Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed
Q3 2024 $911M $202M -$39M -16.2% Jul 1, 2024 Sep 30, 2024 10-Q 2024-10-30
Q2 2024 $950M $246M +$39M +18.8% Apr 1, 2024 Jun 30, 2024 10-Q 2024-08-02
Q1 2024 $911M $253M +$45M +21.6% Jan 1, 2024 Mar 31, 2024 10-Q 2024-05-02
Q4 2023 $866M $210M -$4M -1.87% Oct 1, 2023 Dec 31, 2023 10-K 2024-02-09
Q3 2023 $870M $241M +$11M +4.78% Jul 1, 2023 Sep 30, 2023 10-Q 2024-10-30
Q2 2023 $859M $207M +$42M +25.5% Apr 1, 2023 Jun 30, 2023 10-Q 2024-08-02
Q1 2023 $817M $208M +$9M +4.52% Jan 1, 2023 Mar 31, 2023 10-Q 2024-05-02
Q4 2022 $808M $214M +$31M +16.9% Oct 1, 2022 Dec 31, 2022 10-K 2024-02-09
Q3 2022 $777M $230M +$63M +37.7% Jul 1, 2022 Sep 30, 2022 10-Q 2023-10-24
Q2 2022 $714M $165M +$77M +87.5% Apr 1, 2022 Jun 30, 2022 10-Q 2023-08-04
Q1 2022 $637M $199M +$5M +2.58% Jan 1, 2022 Mar 31, 2022 10-Q 2023-05-04
Q4 2021 $632M $183M +$1M +0.55% Oct 1, 2021 Dec 31, 2021 10-K 2024-02-09
Q3 2021 $631M $167M +$10M +6.37% Jul 1, 2021 Sep 30, 2021 10-Q 2022-10-27
Q2 2021 $621M $88M +$1M +1.15% Apr 1, 2021 Jun 30, 2021 10-Q 2022-08-05
Q1 2021 $620M $194M +$25M +14.8% Jan 1, 2021 Mar 31, 2021 10-Q 2022-05-06
Q4 2020 $595M $182M -$8M -4.21% Oct 1, 2020 Dec 31, 2020 10-K 2023-02-10
Q3 2020 $603M $157M -$25M -13.7% Jul 1, 2020 Sep 30, 2020 10-Q 2021-10-29
Q2 2020 $628M $87M -$115M -56.9% Apr 1, 2020 Jun 30, 2020 10-Q/A 2021-08-06
Q1 2020 $743M $169M -$24M -12.4% Jan 1, 2020 Mar 31, 2020 10-Q 2021-05-06
Q4 2019 $767M $190M -$19M -9.09% Oct 1, 2019 Dec 31, 2019 10-K 2022-02-11
Q3 2019 $786M $182M -$15M -7.61% Jul 1, 2019 Sep 30, 2019 10-Q 2020-10-30
Q2 2019 $801M $202M -$26M -11.4% Apr 1, 2019 Jun 30, 2019 10-Q 2020-08-06
Q1 2019 $827M $193M -$4M -2.03% Jan 1, 2019 Mar 31, 2019 10-Q 2020-05-08
Q4 2018 $831M $209M -$663M -76% Oct 1, 2018 Dec 31, 2018 10-K 2021-02-12
Q3 2018 $1.49B $197M -$69M -25.9% Jul 1, 2018 Sep 30, 2018 10-Q 2019-10-28
Q2 2018 $1.56B $228M -$4M -1.72% Apr 1, 2018 Jun 30, 2018 10-Q 2019-08-02
Q1 2018 $1.57B $197M -$16M -7.51% Jan 1, 2018 Mar 31, 2018 10-Q 2019-05-03
Q4 2017 $1.58B $872M +$653M +298% Oct 1, 2017 Dec 31, 2017 10-K 2020-02-14
Q3 2017 $930M $266M +$38M +16.7% Jul 1, 2017 Sep 30, 2017 10-Q 2018-11-01
Q2 2017 $892M $232M +$6M +2.66% Apr 1, 2017 Jun 30, 2017 10-Q 2018-08-03
Q1 2017 $886M $213M +$13M +6.5% Jan 1, 2017 Mar 31, 2017 10-Q 2018-05-04
Q4 2016 $873M $219M +$35M +19% Oct 1, 2016 Dec 31, 2016 10-K 2019-02-15
Q3 2016 $838M $228M +$14M +6.54% Jul 1, 2016 Sep 30, 2016 10-Q 2017-10-27
Q2 2016 $824M $226M +$10M +4.63% Apr 1, 2016 Jun 30, 2016 10-Q 2017-08-04
Q1 2016 $814M $200M -$6M -2.91% Jan 1, 2016 Mar 31, 2016 10-Q 2017-05-05
Q4 2015 $820M $184M -$12M -6.12% Oct 1, 2015 Dec 31, 2015 10-K 2018-02-15
Q3 2015 $832M $214M -$3M -1.38% Jul 1, 2015 Sep 30, 2015 10-Q 2016-10-28
Q2 2015 $835M $216M +$4M +1.89% Apr 1, 2015 Jun 30, 2015 10-Q 2016-08-04
Q1 2015 $831M $206M +$22M +12% Jan 1, 2015 Mar 31, 2015 10-Q 2016-05-06
Q4 2014 $809M $196M +$30M +18.1% Oct 1, 2014 Dec 31, 2014 10-K 2017-02-10
Q3 2014 $779M $217M -$5M -2.25% Jul 1, 2014 Sep 30, 2014 10-Q 2015-10-30
Q2 2014 $784M $212M +$47M +28.5% Apr 1, 2014 Jun 30, 2014 10-Q 2015-08-07
Q1 2014 $737M $184M +$20M +12.2% Jan 1, 2014 Mar 31, 2014 10-Q 2015-05-07
Q4 2013 $717M $166M -$235M -58.6% Oct 1, 2013 Dec 31, 2013 10-K 2016-02-12
Q3 2013 $952M $222M +$51M +29.8% Jul 1, 2013 Sep 30, 2013 10-Q 2014-10-31
Q2 2013 $901M $165M -$48M -22.5% Apr 1, 2013 Jun 30, 2013 10-Q 2014-08-08
Q1 2013 $949M $164M -$24M -12.8% Jan 1, 2013 Mar 31, 2013 10-Q 2014-05-02
Q4 2012 $973M $401M +$365M +1014% Oct 1, 2012 Dec 31, 2012 10-K 2015-02-13
Q3 2012 $608M $171M -$29M -14.5% Jul 1, 2012 Sep 30, 2012 10-Q 2013-11-01
Q2 2012 $637M $213M +$16M +8.12% Apr 1, 2012 Jun 30, 2012 10-Q 2013-08-02
Q1 2012 $621M $188M +$173M +1153% Jan 1, 2012 Mar 31, 2012 10-Q 2013-05-03
Q4 2011 $448M $36M -$73.7M -67.2% Oct 1, 2011 Dec 31, 2011 10-K 2014-02-14
Q3 2011 $522M $200M +$25.9M +14.8% Jul 1, 2011 Sep 30, 2011 10-Q 2012-10-26
Q2 2011 $496M $197M +$11.8M +6.38% Apr 1, 2011 Jun 30, 2011 10-Q 2012-08-03
Q1 2011 $484M $15M -$153M -91.1% Jan 1, 2011 Mar 31, 2011 10-Q 2012-05-04
Q4 2010 $637M $110M Oct 1, 2010 Dec 31, 2010 10-K 2013-02-19
Q3 2010 $174M Jul 1, 2010 Sep 30, 2010 10-Q 2011-10-28
Q2 2010 $185M Apr 1, 2010 Jun 30, 2010 10-Q 2011-08-05
Q1 2010 $168M Jan 1, 2010 Mar 31, 2010 10-Q 2011-05-06
* An asterisk sign (*) next to the value indicates that the value is likely invalid.