ILLINOIS TOOL WORKS INC Interest Expense 2007-2024 | ITW
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What is interest expense?
Interest expense represents the cost of borrowing money, including interest paid on bonds, loans, and other debt obligations.
What is ILLINOIS TOOL WORKS INC's current interest expense?
ILLINOIS TOOL WORKS INC (ITW) annual interest expense for 2023 was $266.0M, a 31.03% increase from 2022. ILLINOIS TOOL WORKS INC interest expense for the quarter ending March 31, 2024 was $71.0M.
What was ILLINOIS TOOL WORKS INC's interest expense in 2022?
ILLINOIS TOOL WORKS INC annual interest expense for 2022 was $203.0M, a 0.50% increase from 2021.
What was ILLINOIS TOOL WORKS INC's interest expense in 2021?
ILLINOIS TOOL WORKS INC annual interest expense for 2021 was $202.0M, a 1.94% decline from 2020.
What is ILLINOIS TOOL WORKS INC's 5-year interest expense CAGR?
ILLINOIS TOOL WORKS INC interest expense grew at a compound annual growth rate (CAGR) of 0.69% from FY2018 to FY2023, going from $257.0M to $266.0M over 5 years.
Interest Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR+0.7%
FY2018
$257.0M
→
FY2023
$266.0M
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5 years selected
Interest Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2023 | $266.0M | +31.0% | 10-K |
| FY2022 | $203.0M | +0.5% | 10-K |
| FY2021 | $202.0M | -1.9% | 10-K |
| FY2020 | $206.0M | -6.8% | 10-K |
| FY2019 | $221.0M | -14.0% | 10-K |
| FY2018 | $257.0M | -1.2% | 10-K |
| FY2017 | $260.0M | +9.7% | 10-K |
| FY2016 | $237.0M | +4.9% | 10-K |
| FY2015 | $226.0M | -9.6% | 10-K |
| FY2014 | $250.0M | +4.6% | 10-K |
| FY2013 | $239.0M | +12.2% | 10-K |
| FY2012 | $213.0M | +11.5% | 10-K |
| FY2011 | $191.0M | +9.1% | 10-K |
| FY2010 | $175.0M | +6.3% | 10-K |
| FY2009 | $164.6M | +6.6% | 10-K |
| FY2008 | $154.5M | +51.3% | 10-K |
| FY2007 | $102.1M | - | 10-K |
Company: ILLINOIS TOOL WORKS INCTicker: ITWSector: IndustrialIndustry: General Industrial Machinery & EquipmentView company profile →