Common stock issued (in shares)

  
Statement of Financial PositionIllinois Tool Works Inc. and Subsidiaries 

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|   | December 31 |
| In millions except per share amounts | 2021 |  | 2020 |
| Assets |  |  |  |
| Current Assets: |  |  |  |
| Cash and equivalents | $ | 1,527  |  |  | $ | 2,564  |  |
| Trade receivables | 2,840  |  |  | 2,506  |  |
| Inventories | 1,694  |  |  | 1,189  |  |
| Prepaid expenses and other current assets | 313  |  |  | 264  |  |
| Total current assets | 6,374  |  |  | 6,523  |  |
|  |  |  |  |
| Net plant and equipment | 1,809  |  |  | 1,777  |  |
| Goodwill | 4,965  |  |  | 4,690  |  |
| Intangible assets | 972  |  |  | 781  |  |
| Deferred income taxes | 552  |  |  | 533  |  |
| Other assets | 1,405  |  |  | 1,308  |  |
|  | $ | 16,077  |  |  | $ | 15,612  |  |
|  |  |  |  |
| Liabilities and Stockholders' Equity |  |  |  |
| Current Liabilities: |  |  |  |
| Short-term debt | $ | 778  |  |  | $ | 350  |  |
| Accounts payable | 585  |  |  | 534  |  |
| Accrued expenses | 1,648  |  |  | 1,284  |  |
| Cash dividends payable | 382  |  |  | 361  |  |
| Income taxes payable | 77  |  |  | 60  |  |
| Total current liabilities | 3,470  |  |  | 2,589  |  |
| Noncurrent Liabilities: |  |  |  |
| Long-term debt | 6,909  |  |  | 7,772  |  |
| Deferred income taxes | 654  |  |  | 588  |  |
| Noncurrent income taxes payable | 365  |  |  | 413  |  |
| Other liabilities | 1,053  |  |  | 1,068  |  |
| Total noncurrent liabilities | 8,981  |  |  | 9,841  |  |
| Stockholders' Equity: |  |  |  |
| Common stock (par value of $0.01 per share):  |  |  |  |
| Issued- 550.0 shares in 2021 and 2020Outstanding- 312.9 shares in 2021 and 316.7 shares in 2020 | 6  |  |  | 6  |  |
| Additional paid-in-capital | 1,432  |  |  | 1,362  |  |
| Retained earnings | 24,325  |  |  | 23,114  |  |
| Common stock held in treasury | (20,636) |  |  | (19,659) |  |
| Accumulated other comprehensive income (loss) | (1,502) |  |  | (1,642) |  |
| Noncontrolling interest | 1  |  |  | 1  |  |
| Total stockholders' equity | 3,626  |  |  | 3,182  |  |
|  | $ | 16,077  |  |  | $ | 15,612  |  |

  
The Notes to Financial Statements are an integral part of this statement.46
