COVID Stimulus Watch Individual Entry

Recipient Company:
ILLINOIS TOOL WORKS INC
Loan or Loan Guarantee Amount:
$5,540,858

Recipient Details

Ownership Structure: publicly traded (ticker symbol ITW)

Award Details

Award Date: Jul 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: Illinois Tool Works
Headquartered in: Illinois
Parent Sector: industrial equipment
Parent Industry: industrial equipment
Employees (prior to pandemic): 45,000

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $4,200,000
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $1,063,704
ConsumerProt icon
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 298 to 1
CEO Compensation: $15,440,345
Worker Median Pay: $51,892
Tax icon
Total Federal, State, and Local Subsidies: $632,965
Federal Corporate Income Tax Rate: 21.8%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues