Illinois Tool Works (ITW) 8-K Company Announces $550 million of Share Repurchase Activity in the 2011 Second Quarter

Exhibit 99.2

ILLINOIS TOOL WORKS INC.
PRO FORMA STATEMENT OF INCOME RESTATED FOR DISCONTINUED OPERATIONS*
(UNAUDITED)
(In thousands except per share amounts)
		1Q 2010			2Q 2010			3Q 2010			4Q 2010		2010 YTD				1Q 2011
Operating Revenues	$	3,632,764		$	3,928,056		$	3,941,124		$	3,913,748		$	15,415,692		$	4,271,845
Cost of revenues		2,327,863			2,514,222			2,548,451			2,606,132			9,996,668			2,762,009
Selling, administrative, and
R&D expenses		727,644			735,847			720,776			772,307			2,956,574			796,000
Amortization and impairment of
goodwill and other intangible assets		51,582			51,952			52,172			52,727			208,433			55,244
Operating Income		525,675			626,035			619,725			482,582			2,254,017			658,592
Interest expense		(44,295	)		(43,269	)		(43,490	)		(44,109	)		(175,163	)		(43,982	)
Other income (expense)		3,878			2,207			961			2,938			9,984			5,895
Income from Continuing Operations
Before Income Taxes		485,258			584,973			577,196			441,411			2,088,838			620,505
Income taxes		163,962			185,181			174,142			113,115			636,400			14,268
Income from Continuing Operations		321,296			399,792			403,054			328,296			1,452,438			606,237
Income from Discontinued Operations		12,509			11,664			18,974			7,367			50,514			16,903
Net Income	$	333,805		$	411,456		$	422,028		$	335,663		$	1,502,952		$	623,140
Income Per Share from Continuing Operations:
Basic	$	0.64		$	0.79		$	0.80		$	0.66		$	2.90		$	1.22
Diluted	$	0.64		$	0.79		$	0.80		$	0.66		$	2.89		$	1.21
Income Per Share from Discontinued Operations:
Basic	$	0.02		$	0.02		$	0.04		$	0.01		$	0.10		$	0.03
Diluted	$	0.02		$	0.02		$	0.04		$	0.01		$	0.10		$	0.03
Net Income Per Share:
Basic	$	0.66		$	0.82		$	0.84		$	0.68		$	3.00		$	1.25
Diluted	$	0.66		$	0.81		$	0.84		$	0.67		$	2.99		$	1.24
Shares of Common Stock Outstanding During the Period:
Average		502,424			503,265			500,751			496,710			500,772			498,562
Average assuming dilution		505,014			506,297			503,149			499,898			503,350			502,710

*The 2010 quarterly and full year pro forma operating results of the Company and by segment have also been restated to reflect the elimination of the one month international reporting lag and certain reclassifications of 2010 segment data to conform with current year reporting. For additional information, refer to the Company’s Form 8-K current reports dated April 21, 2011 and March 21, 2011.