ITW HOME ABOUT ITW CAREERS Governance Documents NYSE: ITW241.76 (2.29) Anti-Corruption Policy Code of Ethics Conflict Minerals Policy Statement Corporate Governance Guidelines Corporate Social Responsibility Report Environmental & Sustainability Policy Government Affairs Human Rights Policy ITW Code of Conduct Modern Slavery and Human Trafficking Statement Safety Policy Supplier Code of Conduct United Kingdom Tax Policy Document Click the link to the right to download: Adobe Acrobat TERMS & CONDITIONS OF USE PRIVACY STATEMENT © 2020 Illinois Tool Works Inc. All Rights Reserved.

Enterprise Strategy Reaching Our Full Potential Delivering solid growth with best-in-class margins and returns. Since 2013, we have been executing a strategy centered squarely on our commitment to leveraging the differentiated performance capabilities of the ITW Business Model to full potential across the company. As a result, today the ITW Business Model is more powerful and our people are more skilled in applying it than ever before in our history. When we launched our enterprise strategy, our stated goals were to deliver solid growth with best-in-class margins and returns. Since 2013, we have made significant progress toward achieving these goals. In 2019, ITW’s operating margins were the highest in our proxy peer group, we ranked number two in our peer group in return on capital performance, and in a challenging macro environment, we outgrew our markets by one percentage point. Through the execution of our enterprise strategy, our aim is to position the company to deliver top-tier industrial sector performance over any five-year period regardless of the environment. ITW’s Long-Term Annual Performance Targets SUPPLIERS CONTACT US PRIVACY STATEMENT TERMS OF USE Facebook Twitter LinkedIn © 2021 Illinois Tool Works Inc. All Rights Reserved. Download Acrobat Reader We use cookies and similar technologies on our Website to ensure you the best browsing experience. Read about how we use cookies and how you can control them in our Privacy Statement. If you continue to use this site, you consent to our use of cookies. To learn more, click here. I ACCEPT.