ITW · 10-Q · 2026Q2 · Full report
Liquidity and Debt Position
ILLINOIS TOOL WORKS INC · 2026-08-06 · Importance 61 · Surprise 32 · From source text
Total debt increased to $9,694 million at June 30, 2026 from $8,969 million at December 31, 2025, while the trailing-twelve-month total-debt-to-EBITDA ratio rose to 2.0 from 1.9.
Key facts
- Short-term debt included commercial paper of $2.1 billion as of June 30, 2026 and $1.3 billion as of December 31, 2025. source
- Short-term debt as of June 30, 2026: $3,145 million and as of December 31, 2025: $2,286 million. source
- Total debt as of June 30, 2026: $9,694 million and as of December 31, 2025: $8,969 million. source
- Long-term debt as of June 30, 2026: $6,549 million and as of December 31, 2025: $6,683 million. source
- EBITDA for the trailing twelve months ended June 30, 2026: $4,764 million and for December 31, 2025: $4,613 million. source
- On February 24, 2025 the Company amended the Euro Credit Agreement to extend the termination date from April 30, 2025 to February 28, 2027, with an option to further extend to September 15, 2027, and decreased the interest rate spread from 0.75% to 0.70%. source
- As of June 30, 2026 the Company had $856 million outstanding under the Euro Credit Agreement with an interest rate of 2.90%, included in long-term debt. source
- Total stockholders' equity as of December 31, 2025: $3,226 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -4.4% | Total debt as of June 30, 2026: $9,694 million and as of December 31, 2025: $8,969 million. |
| liability | positive | realized | +0.8% | Long-term debt as of June 30, 2026: $6,549 million and as of December 31, 2025: $6,683 million. |
| net_income | positive | committed | — | On February 24, 2025 the Company amended the Euro Credit Agreement to extend the termination date from April 30, 2025 to February 28,… |