ILLINOIS TOOL WORKS INC Annual Income Tax Expense (Benefit) in USD from 2010 to 2023

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 2010 to 2023.
  • 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), Annual (USD)
Income Tax Expense (Benefit), YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $866M +$58M +7.18% Jan 1, 2023 Dec 31, 2023 10-K 2024-02-09
2022 $808M +$176M +27.8% Jan 1, 2022 Dec 31, 2022 10-K 2024-02-09
2021 $632M +$37M +6.22% Jan 1, 2021 Dec 31, 2021 10-K 2024-02-09
2020 $595M -$172M -22.4% Jan 1, 2020 Dec 31, 2020 10-K 2023-02-10
2019 $767M -$64M -7.7% Jan 1, 2019 Dec 31, 2019 10-K 2022-02-11
2018 $831M -$752M -47.5% Jan 1, 2018 Dec 31, 2018 10-K 2021-02-12
2017 $1.58B +$710M +81.3% Jan 1, 2017 Dec 31, 2017 10-K 2020-02-14
2016 $873M +$53M +6.46% Jan 1, 2016 Dec 31, 2016 10-K 2019-02-15
2015 $820M +$11M +1.36% Jan 1, 2015 Dec 31, 2015 10-K 2018-02-15
2014 $809M +$92M +12.8% Jan 1, 2014 Dec 31, 2014 10-K 2017-02-10
2013 $717M -$256M -26.3% Jan 1, 2013 Dec 31, 2013 10-K 2016-02-12
2012 $973M +$525M +117% Jan 1, 2012 Dec 31, 2012 10-K 2015-02-13
2011 $448M -$189M -29.7% Jan 1, 2011 Dec 31, 2011 10-K 2014-02-14
2010 $637M Jan 1, 2010 Dec 31, 2010 10-K 2013-02-19
* An asterisk sign (*) next to the value indicates that the value is likely invalid.