COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:
Parent Company: Illinois Tool Works
Award Date: Jul 10, 2020
Award Type: loan
Loan or Loan Guarantee Amount: $5,540,858
Awarding Agency: Federal Reserve
Program Name: Secondary Market Corporate Credit Facility
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Data Source for Award:

Parent Company Data

Ownership Structure: publicly traded (ticker symbol ITW)
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: $656,259
ConsumerProt icon
Good Jobs First has no data in this category
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