ITW — Illinois Tool Works Income Statement

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Annual income statement for Illinois Tool Works, fiscal year end - December 31st, USD millions except per share, conversion factor applied.

	2020 December 31st	2021 December 31st	2022 December 31st	2023 December 31st	2024 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	10-K	10-K	10-K	10-K	10-K
Standards:	USG	USG	USG	USG	USG
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	12,574	14,455	15,932	16,107	15,898
Cost of Revenue
Gross Profit	5,199	5,966	6,503	6,791	7,040
Selling / General / Administrative Expenses
Depreciation and Amortization
Unusual Expense / Income
Total Operating Expenses	9,692	10,978	11,951	12,066	11,271
Operating Profit	2,882	3,477	3,981	4,041	4,627
Total Net Non Operating Interest Income / Expense
Other Net Non Operating Costs
Net Income Before Taxes	2,704	3,326	3,842	3,823	4,422
Provision for Income Taxes
Net Income After Taxes	2,109	2,694	3,034	2,957	3,488
Net Income Before Extraordinary Items
Net Income	2,109	2,694	3,034	2,957	3,488
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Diluted Net Income	2,109	2,694	3,034	2,957	3,488
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	6.63	8.51	9.28	9.74	10.8
Dividends per Share