Illinois Tool Works
18 named things its latest annual report says its results depend on, each in the company's own words. 12 of them are also named by other companies we've read.
Other companies
Wilsonart International Holdings LLC
$398 millionOn August 5, 2024, the Company entered into a purchase agreement with affiliates of Clayton, Dubilier & Rice, LLC ("CD&R") for the sale of the Company's noncontrolling equity interest in Wilsonart International Holdings LLC ("Wilsonart") for $398 million.Business (Item 1)
Competitors
Lincoln Electric Holdings, Inc.
competes withIn addition to numerous smaller regional competitors, the Welding segment competes globally with Lincoln Electric Holdings, Inc. and ESAB Corporation.Business (Item 1)
ESAB Corporation
competes withIn addition to numerous smaller regional competitors, the Welding segment competes globally with Lincoln Electric Holdings, Inc. and ESAB Corporation.Business (Item 1)
Places
Non-U.S. markets
earns from · Over 50% of the Company's net salesnamed as a riskOver 50% of the Company's net sales are derived from customers outside the United States, and the Company currently operates in 49 countries.Risk factors (Item 1A)
Also named by ABT, DELL, DOV, IBM, LRCX, MA, MDLZ, PH and 4 more
Europe
concentrated innamed as a riskAlthough the Company's financial results are reported in U.S. Dollars, a significant portion of its sales and operating costs are realized in other currencies, with the largest concentration of foreign sales occurring in Europe.Risk factors (Item 1A)
Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more
China
named as a riskFurther changes in U.S. trade policy (including new or additional increases in duties or tariffs) and retaliatory actions by U.S. trade partners, including sanctions against Russia and developments in U.S.-China trade relations, could result in a worsening of economic conditions.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Hazards
Russia-Ukraine conflict
named as a riskIn particular, inflation, changes in trade policies, the imposition of duties and tariffs, potential retaliatory countermeasures, public health crises and pandemics (such as the COVID-19 pandemic, which adversely impacted the price and availability of raw materials), threatened or actual military conflicts (such as the Russia and Ukraine conflict) and severe weather events could adversely impact the price or availability of raw materials.Risk factors (Item 1A)
Also named by ABT, ADM, ARWR, CAG, CDRE, DOW, EMN, FDX and 14 more
Commodities and inputs
Euro
exposed to its price · $5.0 billionnamed as a riskThe carrying value of the outstanding balance of Euro-denominated debt that was designated as a net investment hedge as of December 31, 2025 and December 31, 2024 was $5.0 billion and $4.4 billion, respectively.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Steel
depends onThe Company uses raw materials of various types, primarily steel, resins and chemicals, that are available from numerous commercial sources.Business (Item 1)
Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more
Resins
depends onThe Company uses raw materials of various types, primarily steel, resins and chemicals, that are available from numerous commercial sources.Business (Item 1)
Also named by BAX, BDX, CL, FBIN, JOUT, KVUE, PG, PPG and 2 more
Chemicals
depends onThe Company uses raw materials of various types, primarily steel, resins and chemicals, that are available from numerous commercial sources.Business (Item 1)
Also named by PKG
Laws and programs
EU General Data Protection Regulation (GDPR)
subject tonamed as a riskIf our information technology systems suffer severe damage, disruption, or shutdown, and business continuity plans do not effectively resolve the issues in a timely manner, or if we violate data privacy laws, there could be a negative impact on operating results and/or the financial reporting process and the Company may suffer financial or reputational damage.Risk factors (Item 1A)
Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more
U.S. tariffs and trade policy
subject tonamed as a riskFurther changes in U.S. trade policy (including new or additional increases in duties or tariffs) and retaliatory actions by U.S. trade partners, including sanctions against Russia and developments in U.S.-China trade relations, could result in a worsening of economic conditions.Risk factors (Item 1A)
Also named by ADSK, CTAS, EMR, EXP, FDX, FLR, GWW, HPE and 8 more
EU-UK Trade and Cooperation Agreement
subject tonamed as a risk•government actions impacting international trade agreements, including the EU-UK Trade and Cooperation Agreement;Risk factors (Item 1A)
Euro Credit Agreement
named as a riskAdditionally, rising interest rates would negatively impact the amount of interest expense related to new issuances of commercial paper and the outstanding Euro term loans borrowed under the Euro Credit Agreement.Market risk (Item 7A)
Single-use plastics regulation
subject tonamed as a riskThese regulations or standards could mandate even more restrictive requirements, such as stricter limits on greenhouse gas emissions and production of single use plastics, than the voluntary commitments that the Company has made or require such changes on a more accelerated time frame.Risk factors (Item 1A)
One Big Beautiful Bill Act
subject toForward-looking statements may be identified by the use of words such as "believe," "expect," "plans," "intend," "may," "strategy," "prospects," "estimate," "will," "should," "could," "project," "target," "anticipate," "guidance," "forecast," and other similar words, and may include, without limitation, statements regarding the duration and potential effects of global supply chain challenges, the current and expected impact of U.S. trade policy, including tariffs and related retaliatory countermeasures, the expected impact of the One Big Beautiful Bill Act, future financial and operating performance, free cash flow, economic and regulatory conditions in various geographic regions, the impact of foreign currency fluctuations, the timing and amount of benefits from the Company's enterprise strategy initiatives, the timing and amount of dividends and share repurchases, the protection of the Company's intellectual property, the likelihood of future goodwill or intangible asset impairment charges, the impact of adopting new accounting pronouncements, the adequacy of internally generated funds and credit facilities to service debt and finance the Company's capital allocation priorities, the sufficiency of U.S. generated cash to fund cash requirements in the U.S., the cost and availability of additional financing, the availability of raw materials and energy and the impact of raw material cost inflation, the Company's enterprise initiatives, the Company's portion of future benefit payments related to pension and postretirement benefits, the Company's information technology infrastructure, potential acquisitions and divestitures and the expected performance of acquired businesses and impact of divested businesses, the impact of U.S. and global tax legislation and the estimated timing and amount related to the resolution of tax matters, the cost of compliance with environmental regulations, the impact of interest rate changes, the impact of failure of the Company's employees to comply with applicable laws and regulations, and the outcome of outstanding legal proceedings.Risk factors (Item 1A)
Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more
Technology
NIST Cybersecurity Framework
A key part of the Company's cybersecurity program is the ITW Cybersecurity Framework, which is based on the National Institute of Standards and Technology's Cybersecurity Framework ("CSF") and is designed to protect the Company's data through rapid identification of and effective response to cybersecurity incidents.Cybersecurity (Item 1C)