Original filing text · Part I

Item 3 — Quantitative and Qualitative Disclosures About Market Risk

Illinois Tool Works Inc · 10-Q · Q2 FY2026 · Period ended Jun 30, 2026

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For a discussion of the Company's quantitative and qualitative disclosures about market risk, see Part I - Item 7A - Quantitative and Qualitative Disclosures About Market Risk in the Company's 2025 Annual Report on Form 10-K. Additionally, refer to Note 8. Debt and Note 9. Accumulated Other Comprehensive Income (Loss) in Item 1. Financial Statements for further information regarding the Company's outstanding debt and net investment hedge.