Financial Highlights (a)
Illinois Tool Works Inc.
Dollars in thousands except per share amounts
1999
Change From 1998
1998
Change From 1997
1997
$2,258,828
Year Ended December 31 Operating revenues by segment: Engineered Products — North America
$2,938,906
16%
$2,538,749
12%
Engineered Products — International
1,321,513
28
1,036,211
19
871,699
Specialty Systems — North America
3,130,347
9
2,876,812
3
2,787,929
Specialty Systems — International
1,592,855
1
1,575,290
11
1,414,324
Consumer Products
501,275
3
488,686
2
478,675
Leasing and Investments
157,385
5
149,748
48
101,110
Intersegment revenues
(309,096)
11
(278,525)
(2)
(285,302)
9,333,185
11
8,386,971
10
7,627,263
Total operating revenues Operating income by segment: Engineered Products — North America
$561,742
18%
$477,547
19%
$402,395
Engineered Products — International
132,808
4
127,260
2
124,821
Specialty Systems — North America
537,555
15
468,352
17
399,613
Specialty Systems — International
154,022
(1)
155,110
33
116,317
Consumer Products
15,326
19
12,925
(48)
25,053
Leasing and Investments
84,931
26
67,552
82
37,089
Total operating income (b)
1,486,384
14
1,308,746
18
1,105,288
Income from continuing operations (b)
$911,904
13%
$809,747
17%
$691,589
Cash dividends paid
$183,587
22%
$150,934
18%
$128,396
$3.04
13%
$2.70
17%
$2.31
2.99
12
2.66
17
2.27
$÷.61
22%
$÷.50
16%
$÷.43
Per Share of Common Stock Income from continuing operations (b): Basic Diluted Cash dividends paid
Operating Revenues
Operating Income (b)
In Millions of Dollars
In Millions of Dollars
9,333
Income from Continuing Operations (b)
Diluted Income from Continuing Operations Per Share (b)
In Millions of Dollars
In Dollars
912
1,486
8,387
2.99
2.66
810
1,309 7,627 7,264
2.27
692 1,105
6,391 966 1.80
544 1.62
792 467
95
96
97
98
99
95
96
97
98
99
95
96
97
98
99
95
96
97
98
99
(a) Restated to reflect the merger with Premark International, Inc. (b) Excluding Premark merger-related costs in 1999. 1