Illinois Tool Works Inc. (ITW)
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.
Illinois Tool Works Inc., consolidated statement of comprehensive income
US$ in millions
|Comprehensive income item||Description||The company|
|Net income||The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.||Illinois Tool Works Inc.’s net income declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.|
|Comprehensive income||Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.||Illinois Tool Works Inc.’s comprehensive income increased from 2016 to 2017 and from 2017 to 2018.|