ITW (Illinois Tool Works) Cash And Cash Equivalents : $947 Mil (As of Sep. 2024)

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What is Illinois Tool Works Cash And Cash Equivalents?

Illinois Tool Works's quarterly cash and cash equivalents declined from Mar. 2024 ($959.00 Mil) to Jun. 2024 ($862.00 Mil) but then increased from Jun. 2024 ($862.00 Mil) to Sep. 2024 ($947.00 Mil).

Illinois Tool Works's annual cash and cash equivalents declined from Dec. 2021 ($1,527.00 Mil) to Dec. 2022 ($708.00 Mil) but then increased from Dec. 2022 ($708.00 Mil) to Dec. 2023 ($1,065.00 Mil).

Illinois Tool Works Cash And Cash Equivalents Historical Data

The historical data trend for Illinois Tool Works's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Illinois Tool Works Cash And Cash Equivalents Chart

Illinois Tool Works Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1,981.00

2,564.00

1,527.00

708.00

1,065.00

Illinois Tool Works Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash And Cash Equivalents	Get a 7-Day Free Trial															990.00	1,065.00	959.00	862.00	947.00

Illinois Tool Works Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Illinois Tool Works (NYSE:ITW) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Illinois Tool Works Cash And Cash Equivalents Related Terms

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Illinois Tool Works Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Illinois Tool Works Inc (NYSE:ITW) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

0J8W:UK ILT:Germany ILT:Germany ILT:Germany I1TW34:Brazil ITW:Austria

Address

155 Harlem Avenue, Glenview, IL, USA, 60025

Website

https://www.itw.com

Founded in 1912, Illinois Tool Works has become a diversified industrial manufacturer through acquisitions and innovations that follow customer needs. ITW operates through seven business segments, with no segment representing more than one fifth of revenue. ITW's automotive OEM segment sells vehicle components; its food equipment segment sells commercial kitchen appliances; its test & measurement and electronics segment sells inspection and analysis equipment; its welding segment sells welding equipment and consumables; its polymers & fluids segment sells industrial and consumer adhesives, solvents, and coatings; its construction products segment sells building fasteners and tools; and its specialty products segment sells medical, packaging, HVAC, and airport ground equipment.

Executives

Mary Katherine Lawler	officer: SVP & Chief HR Officer	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE, GLENVIEW IL 60025
Smith David Byron Jr	director	155 HARLEM AVE., GLENVIEW IL 60025
Michael M Larsen	officer: SVP & CFO	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Randall J Scheuneman	officer: VP & Chief Accounting Officer	155 HARLEM AVE., GLENVIEW IL 60025
Sharon Szafranski	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Ernest Scott Santi	director, officer: President & CEO	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Christopher A O'herlihy	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Kelly J Grier	director	155 HARLEM AVE., GLENVIEW IL 60025
Lei Zhang Schlitz	officer: Executive Vice President	5757 N. GREENBAY AVENUE, GLENDALE WI 53129
Patricia A. Hartzell	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Javier Gracia Carbonell	officer: Executive Vice President	155 HARLEM AVE., GLENVIEW IL 60025
Jay L Henderson	director	50 SOUTH LASALLE ST, CHICAGO IL 60603
Jennifer Kaplan Schott	officer: SVP, General Counsel & Secy.	155 HARLEM AVE., GLENVIEW IL 60025
Darrell L Ford	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Finch Norman D. Jr.	officer: Sr. VP, General Counsel & Secy	C/O ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025