No substantive risk factor changes between 2024 and 2025; ITW maintains consistent disclosure across geopolitical, economic, and operational risk categories.
Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.
Source filings: Find the 2025 10-K for ITW on SEC EDGAR · Find the 2024 10-K for ITW on SEC EDGAR