ILLINOIS TOOL WORKS INC
Illinois Tool Works Inc. (ITW) is a global manufacturing company founded in 1912 and incorporated in 1915. The company's ticker symbol is ITW and it is organized into seven business segments: Automotive OEM, Food Equipment, Test & Measurement and Electronics, Welding, Polymers & Fluids, Construction Products, and Specialty Products. ITW operates in 51 countries and employs approximately 45,000 people. The company's business model is based on the 80/20 Front-to-Back process, which focuses on eliminating cost, complexity, and distractions associated with less profitable opportunities and optimizing resources for the largest and best opportunities. ITW has a decentralized, entrepreneurial culture that enables its businesses to respond rapidly to market dynamics and drive operational excellence. The company's website is www.itw.com.