Illinois Tool Works (ITW) 8-K Results of Operations and Financial Condition

Exhibit 99.2

ILLINOIS TOOL WORKS INC. and SUBSIDIARIES

2013 PRO FORMA SEGMENT DATA RESTATED FOR DISCONTINUED OPERATIONS (UNAUDITED)

(Dollars in millions)	Q1 2013								Q2 2013								Q2 2013 YTD
	Total Revenue			Operating Income			Operating Margin %		Total Revenue			Operating Income			Operating Margin %		Total Revenue			Operating Income			Operating Margin %
Test & Measurement and Electronics	$	520		$	68		13.0	%	$	542		$	74		13.7	%	$	1,062		$	142		13.4	%
Automotive OEM	589			117			19.8	%	614			126			20.6	%	1,203			243			20.2	%
Polymers & Fluids	492			72			14.6	%	525			96			18.3	%	1,017			168			16.5	%
Food Equipment	467			78			16.7	%	491			92			18.7	%	958			170			17.7	%
Welding	472			122			26.0	%	480			128			26.5	%	952			250			26.2	%
Construction Products	409			48			11.7	%	446			61			13.7	%	855			109			12.7	%
Specialty Products	481			96			19.9	%	506			113			22.4	%	987			209			21.2	%
Intersegment	(10		)	—			—	%	(11		)	—			—	%	(21		)	—			—	%
Total Segments	$	3,420		$	601		17.6	%	$	3,593		$	690		19.2	%	$	7,013		$	1,291		18.4	%
Decorative Surfaces	—			—			—	%	—			—			—	%	—			—			—	%
Unallocated	—			(23		)	—	%	—			(60		)	—	%	—			(83		)	—	%
Total Company	$	3,420		$	578		16.9	%	$	3,593		$	630		17.5	%	$	7,013		$	1,208		17.2	%

Exhibit 99.2

ILLINOIS TOOL WORKS INC. and SUBSIDIARIES

2012 PRO FORMA SEGMENT DATA RESTATED FOR DISCONTINUED OPERATIONS (UNAUDITED)

(Dollars in millions)	Q1 2012								Q2 2012								Q3 2012								Q4 2012								2012 YTD
	Total Revenue			Operating Income			Operating Margin %		Total Revenue			Operating Income			Operating Margin %		Total Revenue			Operating Income			Operating Margin %		Total Revenue			Operating Income			Operating Margin %		Total Revenue			Operating Income			Operating Margin %
Test & Measurement and Electronics	$	530		$	62		11.8	%	$	593		$	93		15.7	%	$	623		$	114		18.2	%	$	553		$	73		13.2	%	$	2,299		$	342		14.9	%
Automotive OEM	566			112			19.7	%	547			109			19.9	%	521			99			19.1	%	537			101			18.8	%	2,171			421			19.4	%
Polymers & Fluids	523			78			15.0	%	548			91			16.6	%	509			81			15.9	%	483			77			15.8	%	2,063			327			15.8	%
Food Equipment	473			76			16.0	%	476			78			16.4	%	491			93			19.0	%	499			85			17.0	%	1,939			332			17.1	%
Welding	495			139			28.0	%	469			121			25.9	%	443			109			24.5	%	440			101			23.0	%	1,847			470			25.4	%
Construction Products	424			36			8.4	%	446			60			13.4	%	432			59			13.7	%	422			46			10.7	%	1,724			201			11.6	%
Specialty Products	465			88			19.1	%	481			106			22.0	%	458			90			19.6	%	467			81			17.4	%	1,871			365			19.5	%
Intersegment	(11		)	—			—	%	(12		)	—			—	%	(11		)	—			—	%	(10		)	—			—	%	(44		)	—			—	%
Total Segments	$	3,465		$	591		17.1	%	$	3,548		$	658		18.5	%	$	3,466		$	645		18.6	%	$	3,391		$	564		16.6	%	$	13,870		$	2,458		17.7	%
Decorative Surfaces	275			42			15.3	%	286			48			16.8	%	267			41			15.4	%	93			12			12.9	%	921			143			15.5	%
Unallocated	—			(18		)	—	%	—			(37		)	—	%	—			(19		)	—	%	—			(52		)	—	%	—			(126		)	n/a
Total Company	$	3,740		$	615		16.5	%	$	3,834		$	669		17.4	%	$	3,733		$	667		17.9	%	$	3,484		$	524		15.0	%	$	14,791		$	2,475		16.7	%