Illinois Tool Works Inc. is a diversified manufacturing company with over 85 years of history. It designs and produces highly engineered fasteners, components, equipment, consumable systems, and specialty products for customers around the world. In 1999, its over 500 decentralized business units in 40 countries produced over $9 billion in revenues. The company focuses on optimizing its core businesses, targeting acquisitions, and recognizing that its over 50,000 employees drive success through teamwork with customers and suppliers.

1. ILLINOIS TOOL WORKS INC. 1999 ANNUAL REPORT
Optimize Core Businesses
Target Acquisitions
People Drive Success

2. A LE A D I N G D I V E R S I F I E D M A N U FAC T U R I N G CO M PA N Y W IT H M O R E T H A N 8 5 Y E A R S O F H I STO RY,
I L L I N O I S TO O L WO R K S ( IT W ) D E S I G N S A N D P RO D U C E S H I G H LY
E N G I N E E R E D FA ST E N E R S A N D CO M P O N E N TS , E Q U I P M E N T A N D CO N S U M A B LE SYST E M S ,
A N D A VA R I E T Y O F S P E C I A LT Y P RO D U C TS A N D E Q U I P M E N T F O R C U STO M E R S A RO U N D T H E
WO R L D . T H E CO M PA N Y ’ S M O R E T H A N 5 0 0 D E C E N T R A L I Z E D B U S I N E S S U N ITS I N 4 0 CO U N T R I E S
CO L LE C T I V E LY P RO D U C E D M O R E T H A N $ 9 B I L L I O N I N R E V E N U E S I N 1999 T H A N K S TO T H E I R
F O C U S E D A P P ROAC H TO S E RV I N G C U STO M E R S . BY AC T I V E LY P RO M OT I N G T E A M WO R K W I T H
C U STO M E R S A N D S U P P L I E R S , T H E M O R E T H A N 5 0 , 0 0 0 M E N A N D WO M E N O F IT W CO N T I N U E TO
CR A F T CO M P E T I T I V E LY S U P E R I O R P RO D U C TS , S O LU T I O N S A N D WO R K E N V I RO N M E N TS .
Table of Contents
Financial Highlights
1
Letter to Stockholders
2
Business Highlights
6
Financial Table of Contents
20
Corporate Executives and Directors
48