ILLINOIS TOOL WORKS INC
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 6, 2026
ITW$286.73+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statement of Income
Statement of Income (Unaudited)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| In millions except per share amounts | 2026 | 2025 | 2026 | 2025 |
| Operating Revenue | $4,301 | $4,053 | $8,317 | $7,892 |
| Cost of revenue | 2,403 | 2,271 | 4,659 | 4,432 |
| Selling, administrative, and research and development expenses | 735 | 693 | 1,457 | 1,399 |
| Amortization and impairment of intangible assets | 16 | 21 | 34 | 42 |
| Operating Income | 1,147 | 1,068 | 2,167 | 2,019 |
| Interest expense | (79) | (74) | (152) | (142) |
| Other income (expense) | 12 | 4 | 32 | 16 |
| Income Before Taxes | 1,080 | 998 | 2,047 | 1,893 |
| Income Taxes | 265 | 243 | 464 | 438 |
| Net Income | $815 | $755 | $1,583 | $1,455 |
| Net Income Per Share: | ||||
| Basic | $2.85 | $2.58 | $5.51 | $4.97 |
| Diluted | $2.84 | $2.58 | $5.50 | $4.95 |
| Shares of Common Stock Outstanding During the Period: | ||||
| Average | 286.4 | 292.3 | 287.3 | 292.9 |
| Average assuming dilution | 287.0 | 292.9 | 288.1 | 293.7 |
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