# ILLINOIS TOOL WORKS INC (ITW) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from ILLINOIS TOOL WORKS INC's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/ITW/mda/fy2025/): filed 2026-02-13; accession 0000049826-26-000008 (https://www.sec.gov/Archives/edgar/data/49826/000004982626000008/itw-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/ITW/mda/fy2024/): filed 2025-02-14; accession 0000049826-25-000007 (https://www.sec.gov/Archives/edgar/data/49826/000004982625000007/itw-20241231.htm)
- [FY 2023 MD&A](/company/ITW/mda/fy2023/): filed 2024-02-09; accession 0000049826-24-000008 (https://www.sec.gov/Archives/edgar/data/49826/000004982624000008/itw-20231231.htm)
- [FY 2022 MD&A](/company/ITW/mda/fy2022/): filed 2023-02-10; accession 0000049826-23-000008 (https://www.sec.gov/Archives/edgar/data/49826/000004982623000008/itw-20221231.htm)
- [FY 2021 MD&A](/company/ITW/mda/fy2021/): filed 2022-02-11; accession 0000049826-22-000006 (https://www.sec.gov/Archives/edgar/data/49826/000004982622000006/itw-20211231.htm)

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