Total Debt for Illinois Tool Works (ITW)
According to Illinois Tool Works's latest reported financial statements, the company's latest reported total debt is $8.97B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingTotal DebtSwitch metric
Latest period
$8.97B
YoY change
+11.0%
5Y CAGR
+1.5%
Peak year (2025)
$8.97B
Latest annual
$8.97B
Total Debt history chart for Illinois Tool Works (ITW) from 1985 to 2025
Total Debt history table for Illinois Tool Works (ITW) from 1985 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $8.97B | +11.0% | ||
| 2024 | $8.08B | -3.5% | ||
| 2023 | $8.37B | +5.3% | ||
| 2022 | $7.95B | +0.9% | ||
| 2021 | $7.88B | -5.2% | ||
| 2020 | $8.31B | +4.7% | ||
| 2019 | $7.94B | +7.5% | ||
| 2018 | $7.38B | -11.4% | ||
| 2017 | $8.33B | +6.4% | ||
| 2016 | $7.83B | +5.5% | ||
| 2015 | $7.42B | -0.5% | ||
| 2014 | $7.46B | +17.5% | ||
| 2013 | $6.34B | +25.7% | ||
| 2012 | $5.05B | +26.5% | ||
| 2011 | $3.99B | +41.0% | ||
| 2010 | $2.83B | -9.6% | ||
| 2009 | $3.13B | -14.9% | ||
| 2008 | $3.68B | +59.9% | ||
| 2007 | $2.30B | +62.1% | ||
| 2006 | $1.42B | +17.1% | ||
| 2005 | $1.21B | +7.7% | ||
| 2004 | $1.12B | +15.2% | ||
| 2003 | $976.45M | -38.3% | ||
| 2002 | $1.58B | +0.1% | ||
| 2001 | $1.58B | -20.0% | ||
| 2000 | $1.97B | +3.2% | ||
| 1999 | $1.91B | +41.4% | ||
| 1998 | $1.35B | +17.4% | ||
| 1997 | $1.15B | -4.7% | ||
| 1996 | $1.21B | +52.7% | ||
| 1995 | $791.80M | +132.9% | ||
| 1994 | $340.00M | -29.6% | ||
| 1993 | $482.70M | +44.0% | ||
| 1992 | $335.30M | -31.5% | ||
| 1991 | $489.20M | -1.4% | ||
| 1990 | $495.90M | +33.8% | ||
| 1989 | $370.50M | +43.8% | ||
| 1988 | $257.60M | -27.9% | ||
| 1987 | $357.20M | -29.1% | ||
| 1986 | $504.00M | +2763.6% | ||
| 1985 | $17.60M | — |
Total Debt values are taken from Illinois Tool Works's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Illinois Tool Works (ITW) reported total debt of $8.97B – grew 11.0% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Illinois Tool Works total debt compounded at +1.5% per year, with the latest reading among the more recent periods of the dataset.
$8.97B stands as the all-time-high annual total debt, posted in 2025, against a low of $17.60M during 1985.
Within Industrials, Illinois Tool Works (ITW) ranks 9th among 8 peers we track. The peer median for total debt is $37.04B.
Illinois Tool Works Total Debt by Year
Illinois Tool Works Total Debt 2025: $8.97B
Illinois Tool Works total debt in 2025 was $8.97B, grew 11.0% from 2024. This figure represents the highest annual value in the available history.
Illinois Tool Works Total Debt 2024: $8.08B
Illinois Tool Works total debt in 2024 was $8.08B, edged down 3.5% below 2023.
Illinois Tool Works Total Debt 2023: $8.37B
Illinois Tool Works total debt in 2023 was $8.37B, grew 5.3% from 2022.
Illinois Tool Works Total Debt 2022: $7.95B
Illinois Tool Works total debt in 2022 was $7.95B, edged up 0.9% from 2021.
Illinois Tool Works Total Debt 2021: $7.88B
Illinois Tool Works total debt in 2021 was $7.88B.
See more financial history for Illinois Tool Works (ITW).
Sector peers — Total Debt
Companies in the same sector as Illinois Tool Works, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Deere & Company (DE) | $63.94B | Industrials |
| The Boeing Company (BA) | $54.43B | Industrials |
| Caterpillar Inc. (CAT) | $43.33B | Industrials |
| RTX Corporation (RTX) | $39.51B | Industrials |
| Honeywell International Inc. (HON) | $34.58B | Industrials |
| Union Pacific Corporation (UNP) | $31.81B | Industrials |
| GE Aerospace (GE) | $20.49B | Industrials |
| Eaton Corporation plc (ETN) | $11.17B | Industrials |
Frequently asked questions
What is Illinois Tool Works's total debt?
- Latest reported total debt for Illinois Tool Works (ITW) is $8.97B (period ending December 31, 2025).
How has Illinois Tool Works total debt changed year-over-year?
- Illinois Tool Works (ITW) total debt changed +11.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Illinois Tool Works total debt?
- Illinois Tool Works (ITW) total debt compound annual growth rate is +1.5% over the most recent 5 years available.
When did Illinois Tool Works total debt hit its highest annual value?
- Illinois Tool Works total debt reached its highest annual value of $8.97B in 2025.
What was Illinois Tool Works total debt in 2024?
- Illinois Tool Works (ITW) total debt in 2024 was $8.08B.
What was Illinois Tool Works total debt in 2025?
- Illinois Tool Works (ITW) total debt in 2025 was $8.97B.
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