Exhibit 99.3
ILLINOIS TOOL WORKS INC. | |
PRO FORMA SEGMENT INFORMATION RESTATED FOR DISCONTINUED OPERATIONS* | |
(UNAUDITED) | |
(Dollars in thousands) | | | |
| | | |
| | | 1Q 2010 | | | | 2Q 2010 | | | | 3Q 2010 | | | | 4Q 2010 | | | 2010 YTD | | | | 1Q 2011 | |
Transportation | | | | | | | | | | | | | | | | | | | | | | | |
Revenues | | $ | 610,616 | | | $ | 656,763 | | | $ | 628,387 | | | $ | 626,460 | | | $ | 2,522,226 | | | $ | 754,774 | |
Operating income | | | 92,267 | | | | 104,022 | | | | 92,020 | | | | 81,145 | | | | 369,454 | | | | 120,304 | |
% to revenue | | | 15.1 | % | | | 15.8 | % | | | 14.6 | % | | | 13.0 | % | | | 14.6 | % | | | 15.9 | % |
Industrial Packaging | | | | | | | | | | | | | | | | | | | | | | | | |
Revenues | | | 542,230 | | | | 577,210 | | | | 575,145 | | | | 577,474 | | | | 2,272,059 | | | | 631,192 | |
Operating income | | | 57,524 | | | | 61,966 | | | | 63,445 | | | | 48,368 | | | | 231,303 | | | | 66,097 | |
% to revenue | | | 10.6 | % | | | 10.7 | % | | | 11.0 | % | | | 8.4 | % | | | 10.2 | % | | | 10.5 | % |
Power Systems & Electronics | | | | | | | | | | | | | | | | | | | | | | | | |
Revenues | | | 565,122 | | | | 608,726 | | | | 619,310 | | | | 616,046 | | | | 2,409,204 | | | | 683,998 | |
Operating income | | | 110,890 | | | | 122,175 | | | | 127,974 | | | | 108,205 | | | | 469,244 | | | | 144,372 | |
% to revenue | | | 19.6 | % | | | 20.1 | % | | | 20.7 | % | | | 17.6 | % | | | 19.5 | % | | | 21.1 | % |
Food Equipment | | | | | | | | | | | | | | | | | | | | | | | | |
Revenues | | | 434,171 | | | | 446,786 | | | | 487,457 | | | | 488,637 | | | | 1,857,051 | | | | 472,419 | |
Operating income | | | 56,470 | | | | 61,809 | | | | 86,244 | | | | 50,537 | | | | 255,060 | | | | 67,330 | |
% to revenue | | | 13.0 | % | | | 13.8 | % | | | 17.7 | % | | | 10.3 | % | | | 13.7 | % | | | 14.3 | % |
Construction Products | | | | | | | | | | | | | | | | | | | | | | | | |
Revenues | | | 385,475 | | | | 465,554 | | | | 455,801 | | | | 446,655 | | | | 1,753,485 | | | | 463,287 | |
Operating income | | | 32,431 | | | | 67,519 | | | | 52,721 | | | | 39,399 | | | | 192,070 | | | | 45,639 | |
% to revenue | | | 8.4 | % | | | 14.5 | % | | | 11.6 | % | | | 8.8 | % | | | 11.0 | % | | | 9.9 | % |
Polymers & Fluids | | | | | | | | | | | | | | | | | | | | | | | | |
Revenues | | | 257,032 | | | | 287,642 | | | | 277,732 | | | | 283,619 | | | | 1,106,025 | | | | 316,479 | |
Operating income | | | 42,953 | | | | 57,847 | | | | 49,893 | | | | 38,003 | | | | 188,696 | | | | 46,665 | |
% to revenue | | | 16.7 | % | | | 20.1 | % | | | 18.0 | % | | | 13.4 | % | | | 17.1 | % | | | 14.7 | % |
Decorative Surfaces | | | | | | | | | | | | | | | | | | | | | | | | |
Revenues | | | 240,940 | | | | 254,349 | | | | 251,361 | | | | 241,042 | | | | 987,692 | | | | 267,246 | |
Operating income | | | 27,943 | | | | 36,066 | | | | 31,529 | | | | 21,795 | | | | 117,333 | | | | 33,877 | |
% to revenue | | | 11.6 | % | | | 14.2 | % | | | 12.5 | % | | | 9.0 | % | | | 11.9 | % | | | 12.7 | % |
All Other | | | | | | | | | | | | | | | | | | | | | | | | |
Revenues | | | 618,916 | | | | 653,144 | | | | 669,054 | | | | 657,361 | | | | 2,598,475 | | | | 705,802 | |
Operating income | | | 105,197 | | | | 114,631 | | | | 115,899 | | | | 95,130 | | | | 430,857 | | | | 134,308 | |
% to revenue | | | 17.0 | % | | | 17.6 | % | | | 17.3 | % | | | 14.5 | % | | | 16.6 | % | | | 19.0 | % |
| | | | | | | | | | | | | | | | | | | | | | | | |
Intersegment Revenues | | | (21,738 | ) | | | (22,118 | ) | | | (23,123 | ) | | | (23,546 | ) | | | (90,525 | ) | | | (23,352 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
As Reported on the Statement of Income | | | | | | | | | | | | | | | | | | | | | | | | |
Revenues | | $ | 3,632,764 | | | $ | 3,928,056 | | | $ | 3,941,124 | | | $ | 3,913,748 | | | $ | 15,415,692 | | | $ | 4,271,845 | |
Operating income | | | 525,675 | | | | 626,035 | | | | 619,725 | | | | 482,582 | | | | 2,254,017 | | | | 658,592 | |
% to revenue | | | 14.5 | % | | | 15.9 | % | | | 15.7 | % | | | 12.3 | % | | | 14.6 | % | | | 15.4 | % |
| | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | |
*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.