Stock Analysis on Net

Illinois Tool Works Inc. (NYSE:ITW)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 11, 2022.

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Paying user area

The data is hidden behind: . Unhide it.

This is a one-time payment. There is no automatic renewal.


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Illinois Tool Works Inc., consolidated statement of comprehensive income

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income
Foreign currency translation adjustments, net of tax
Pension and other postretirement benefit adjustments, net of tax
Other comprehensive income (loss)
Comprehensive income

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Net Income
Net income experienced fluctuations over the five-year period. It started at 1,687 million USD in 2017, then increased significantly to 2,563 million USD in 2018. The figure remained relatively stable in 2019 at 2,521 million USD, followed by a decline to 2,109 million USD in 2020. In 2021, net income rebounded strongly, reaching a peak of 2,694 million USD.
Foreign Currency Translation Adjustments, Net of Tax
Foreign currency translation adjustments showed considerable volatility. The adjustments were positive at 406 million USD in 2017 but shifted sharply to a negative 328 million USD in 2018. In subsequent years, the values smoothed out closer to zero, with slight negative and positive values of -2 million USD in 2019, 4 million USD in 2020, and 5 million USD in 2021.
Pension and Other Postretirement Benefit Adjustments, Net of Tax
These adjustments demonstrated considerable year-to-year variability. After a positive figure of 114 million USD in 2017, a decline to negative values occurred in 2018 (-17 million USD) and 2019 (-26 million USD). This was followed by a recovery with positive adjustments of 59 million USD in 2020 and a substantial increase to 135 million USD in 2021.
Other Comprehensive Income (Loss)
This category, which aggregates other comprehensive items, mirrored the trends seen in the foreign currency and pension adjustments. It registered a positive 520 million USD in 2017, then declined markedly to a negative 345 million USD in 2018 and normalized near zero at -28 million USD in 2019. It subsequently turned positive again with 63 million USD in 2020 and increased further to 140 million USD by 2021.
Comprehensive Income
Comprehensive income remained relatively stable with some fluctuations over the period. Starting at 2,207 million USD in 2017, it slightly increased to 2,218 million USD in 2018, then rose to 2,493 million USD in 2019. A downturn to 2,172 million USD occurred in 2020 before a substantial recovery to 2,834 million USD in 2021, reflecting overall positive performance in both net income and other comprehensive components.