Illinois Tool Works (XTER:ILT) Tax Rate % : 14.83% (As of Sep. 2024)

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What is Illinois Tool Works Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Illinois Tool Works's Tax Expense for the three months ended in Sep. 2024 was €182 Mil. Illinois Tool Works's Pre-Tax Income for the three months ended in Sep. 2024 was €1,227 Mil. Therefore, Illinois Tool Works's Tax Rate % for the quarter that ended in Sep. 2024 was 14.83%.

Illinois Tool Works Tax Rate % Historical Data

The historical data trend for Illinois Tool Works's Tax Rate % 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 Tax Rate % Chart

Illinois Tool Works Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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23.33

22.00

19.00

21.03

22.65

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
Tax Rate %	Get a 7-Day Free Trial															23.79	22.65	23.60	24.48	14.83

Illinois Tool Works Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Illinois Tool Works's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	794.122	/	3505.691
	=	22.65 %

Illinois Tool Works's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	182.002	/	1227.162
	=	14.83 %

Illinois Tool Works Tax Rate % Related Terms

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Illinois Tool Works Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Illinois Tool Works Inc (XTER:ILT) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

ITW:USA 0J8W:UK 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.

Illinois Tool Works Headlines

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