On the Record · Illinois Tool Works
Illinois Tool Works acquisitions, on the record
The businesses Illinois Tool Works bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
a business in the Polymers & Fluids segmentWord for word“The business in the Polymers & Fluids segment was sold for $220 million, subject to certain closing adjustments, resulting in a pre-tax gain of $156 million.” 10-K for 2023 | divestiture | — | $220 million |
a business in the Food Equipment segmentWord for word“The business in the Food Equipment segment was sold for $59 million, subject to certain closing adjustments, resulting in a pre-tax gain of $41 million.” 10-K for 2023 | divestiture | — | $59 million |
one businessWord for word“The Company has had significant divestiture activity in the past in accordance with its portfolio management initiative, and it divested one business in the first quarter of 2023 as it continues portfolio refinements to maintain portfolio discipline.” 10-K for 2023 | divestiture | first quarter of 2023 | — |
the Test & Simulation business of MTS Systems Corporation ("MTS") from Amphenol CorporationWord for word“Refer to Note 3. Acquisitions in Item 8. Financial Statements and Supplementary Data for further information regarding this acquisition.” 10-K for 2023 | acquisition | — | — |
one business in the Test & Measurement and Electronics segmentWord for word“On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $57 million, net of cash acquired.” 10-K for 2024 | acquisition | On January 2, 2024 | $57 million, net of cash acquired |
Wilsonart International Holdings LLC noncontrolling equity interestWord for word“On 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.” 10-K for 2024 | agreed divestiture | On August 5, 2024 | $398 million |
business in the Polymers & Fluids segmentWord for word“The business in the Polymers & Fluids segment was sold for $220 million, subject to certain closing adjustments, resulting in a pre-tax gain of $156 million.” 10-K for 2024 | divestiture | — | $220 million |
business in the Food Equipment segmentWord for word“The business in the Food Equipment segment was sold for $59 million, subject to certain closing adjustments, resulting in a pre-tax gain of $41 million.” 10-K for 2024 | divestiture | — | $59 million |
one business in the Specialty Products segmentWord for word“In the fourth quarter of 2022, plans were approved to divest one business in the Specialty Products segment.” 10-K for 2024 | divestiture | — | — |
noncontrolling equity interest in Wilsonart International Holdings LLCWord for word“On 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.” 10-K for 2025 | divestiture | On August 5, 2024 | $398 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | $453 million |
| 2017-12-31 | $3 million |
| 2018-12-31 | $0 |
| 2019-12-31 | $4 million |
| 2020-12-31 | $0 |
| 2021-12-31 | $731 million |
| 2022-12-31 | $2 million |
| 2023-12-31 | $0 |
| 2024-12-31 | $115 million |
| 2025-12-31 | $119 million |
Deal filings since 2016
- 2026-02-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-02-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-05-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-10-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-10-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Illinois Tool Works’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.