ITW · 10-Q · 2026Q2 · Full report

Liquidity and Cash Position

ILLINOIS TOOL WORKS INC · 2026-08-06 · Importance 37 · Surprise 6 · Contradicted

ITW identified free cash flow and short-term credit facilities as its primary liquidity sources as of June 30, 2026. Cash and equivalents totaled $839 million at quarter end. The Company reported no outstanding borrowings under its $3.0 billion credit facility at that date. The disclosed liquidity position provided access to the full stated facility capacity, subject to the terms of the facility.

Key facts

• Current liabilities total as of June 30, 2026: $5,953 million and as of December 31, 2025: $5,126 million. source
• Net working capital total current assets as of June 30, 2026: $6,600 million and as of December 31, 2025: $6,200 million. source
• Three months ended June 30, 2026 net cash provided by operating activities: $1,346 million. source
• Three months ended June 30, 2026 free cash flow: $1,159 million. source
• As of June 30, 2026, the Company had $839 million of cash and equivalents on hand. source
• Net increase (decrease) in cash and equivalents for the three months ended June 30, 2026: $(85) million. source
• The Company stated that a significant portion of its cash and equivalents was held by international subsidiaries as of June 30, 2026. source
• The Company has accrued for foreign withholding taxes related to foreign held cash and equivalents that are not permanently invested. source

Impact estimates