8-KEarnings & ResultsExhibits & Filings

ILLINOIS TOOL WORKS INC 8-K Report, Financial Results (Apr 21, 2011)

Filed April 21, 2011For Securities:ITW

Summary

Illinois Tool Works Inc. (ITW) filed an 8-K on April 21, 2011, primarily to report restated pro forma segment operating results for the full year and quarters of 2010. This restatement is a technical adjustment stemming from the elimination of a one-month reporting lag for international operations, effective January 1, 2011. Investors should note that this filing does not introduce new financial performance data but rather clarifies and aligns historical segment reporting with the company's updated accounting practice.

Key Highlights

  • 1ITW is restating its 2010 pro forma segment operating results to reflect the elimination of a one-month reporting lag for international operations, effective January 1, 2011.
  • 2This adjustment applies to both quarterly and full-year 2010 pro forma results.
  • 3Certain reclassifications of 2010 segment data have also been made to align with current year reporting practices.
  • 4The detailed restated information is provided in Exhibit 99.1 of the 8-K filing.
  • 5This filing serves to update historical segment reporting for consistency, rather than announcing new financial performance or strategic changes.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide restated pro forma segment operating results for 2010, reflecting the company's decision to eliminate the one-month reporting lag for its international operations starting in 2011. It also includes reclassifications for better comparability.

No, this filing does not announce new financial results or performance for the current period. It is a technical restatement of historical 2010 pro forma segment data to align with an accounting change and ensure consistency in reporting.

The one-month lag meant that the financial results for international operations were reported one month after the domestic operations. Eliminating this lag means all operations are now reported on a consistent, current basis.

The detailed restated 2010 pro forma segment information is available in Exhibit 99.1, which is furnished as part of this 8-K filing.