Name: Illinois Tool Works Inc. (NYSE:ITW) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Illinois Tool Works Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017
Cash and equivalents	1,527)	1,987)	2,058)	2,484)	2,564)	2,169)	1,812)	1,430)	1,981)	1,825)	1,677)	1,755)	1,504)	1,589)	1,628)	1,940)	3,094)	2,785)	2,496)	2,493)
Trade receivables	2,840)	2,729)	2,786)	2,662)	2,506)	2,494)	2,156)	2,424)	2,461)	2,499)	2,629)	2,715)	2,622)	2,777)	2,878)	2,874)	2,628)	2,672)	2,629)	2,534)
Inventories	1,694)	1,524)	1,400)	1,292)	1,189)	1,149)	1,167)	1,185)	1,164)	1,209)	1,256)	1,346)	1,318)	1,338)	1,320)	1,335)	1,220)	1,225)	1,199)	1,158)
Prepaid expenses and other current assets	313)	337)	265)	266)	264)	219)	253)	244)	296)	292)	288)	259)	334)	236)	293)	274)	336)	230)	246)	245)
Assets held for sale	—)	—)	—)	—)	—)	—)	221)	223)	351)	420)	439)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	6,374)	6,577)	6,509)	6,704)	6,523)	6,031)	5,609)	5,506)	6,253)	6,245)	6,289)	6,075)	5,778)	5,940)	6,119)	6,423)	7,278)	6,912)	6,570)	6,430)
Net plant and equipment	1,809)	1,744)	1,767)	1,746)	1,777)	1,736)	1,711)	1,704)	1,729)	1,693)	1,717)	1,765)	1,791)	1,799)	1,783)	1,829)	1,778)	1,759)	1,726)	1,674)
Goodwill	4,965)	4,610)	4,658)	4,632)	4,690)	4,591)	4,443)	4,401)	4,492)	4,430)	4,503)	4,621)	4,633)	4,655)	4,675)	4,795)	4,752)	4,732)	4,675)	4,605)
Intangible assets	972)	683)	716)	747)	781)	814)	801)	836)	851)	890)	928)	1,044)	1,084)	1,130)	1,177)	1,226)	1,272)	1,319)	1,366)	1,411)
Deferred income taxes	552)	580)	613)	519)	533)	509)	470)	473)	516)	479)	516)	547)	554)	614)	595)	658)	505)	473)	488)	425)
Other assets	1,405)	1,323)	1,317)	1,315)	1,308)	1,259)	1,229)	1,229)	1,227)	1,223)	1,234)	1,274)	1,030)	1,181)	1,174)	1,232)	1,195)	1,119)	1,097)	984)
Noncurrent assets	9,703)	8,940)	9,071)	8,959)	9,089)	8,909)	8,654)	8,643)	8,815)	8,715)	8,898)	9,251)	9,092)	9,379)	9,404)	9,740)	9,502)	9,402)	9,352)	9,099)
Total assets	16,077)	15,517)	15,580)	15,663)	15,612)	14,940)	14,263)	14,149)	15,068)	14,960)	15,187)	15,326)	14,870)	15,319)	15,523)	16,163)	16,780)	16,314)	15,922)	15,529)

Total assets exhibited a period of volatility between 2017 and 2021, peaking at 16.78 billion USD in December 2017 before experiencing a gradual decline to a low of 14.15 billion USD in March 2020. A recovery phase followed, with total assets rising back to 16.08 billion USD by December 2021. This overall movement was largely driven by fluctuations within current assets, while noncurrent assets remained relatively stable over the same period.

Liquidity and Current Asset Trends: Cash and equivalents showed significant volatility, starting at 2.49 billion USD in March 2017, peaking at 3.09 billion USD in December 2017, and subsequently dropping to a low of 1.43 billion USD in March 2020. While there was a recovery to 2.56 billion USD by December 2020, the period ended with a decrease to 1.53 billion USD in December 2021.; Trade receivables remained comparatively stable, generally fluctuating between 2.16 billion USD and 2.87 billion USD. A slight contraction was noted during mid-2020, followed by a return to levels near 2.84 billion USD by the end of 2021.; Inventories remained steady for the majority of the analyzed period, hovering between 1.14 billion USD and 1.35 billion USD. However, a distinct upward trend emerged starting in March 2021, with inventories increasing consistently to reach a peak of 1.69 billion USD by December 2021.
Noncurrent Asset Composition: Net plant and equipment demonstrated a steady, incremental growth pattern, rising from 1.67 billion USD in March 2017 to 1.81 billion USD in December 2021, suggesting consistent capital investment in physical infrastructure.; Intangible assets experienced a prolonged downward trend, declining from 1.41 billion USD in March 2017 to a low of 683 million USD in September 2021. This decline was abruptly reversed in December 2021, when the value jumped to 972 million USD.; Goodwill remained largely stable between 4.4 billion USD and 4.8 billion USD for most of the period, but recorded a significant increase to 4.97 billion USD in the final quarter of 2021.

The convergence of increasing goodwill, a spike in intangible assets, and rising inventory levels toward the end of 2021 suggests a period of strategic expansion or acquisition activity. Furthermore, the brief appearance of assets held for sale between June 2019 and June 2020 indicates a temporary phase of divestiture of specific business units or assets.

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Illinois Tool Works Inc. (NYSE:ITW)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data