Debt (Tables)

3 Months Ended

Mar. 31, 2017

Debt and Average Interest Rates on Debt Outstanding

Debt and the average interest rates on debt outstanding were as follows:

In millions	Average interest rate at March 31, 2017	Maturity Year	March 31, 2017			December 31, 2016
Commercial paper	1.962%	2019	$	532.7		$	398.7
Revolving credit facilities	2.446%	2019	671.9			576.8
Senior notes - fixed rate (1)	1.875%	2017	350.0			350.0
Senior notes - fixed rate (1)	2.900%	2018	500.0			500.0
Senior notes - fixed rate (1)	2.650%	2019	250.0			250.0
Senior notes - fixed rate - Euro (1)	2.450%	2019	540.7			520.7
Senior notes - fixed rate (1)	3.625%	2020	400.0			400.0
Senior notes - fixed rate (1)	5.000%	2021	500.0			500.0
Senior notes - fixed rate (1)	3.150%	2022	550.0			550.0
Senior notes - fixed rate (1)	4.650%	2025	250.0			250.0
Other	N/A	N/A	0.7			0.8
Unamortized debt issuance costs and discounts	N/A	N/A	(16.4		)	(17.8		)
Total debt			4,529.6			4,279.2
Less: Current maturities and short-term borrowings			(0.7		)	(0.8		)
Long-term debt			$	4,528.9		$	4,278.4
(1) Senior notes are guaranteed as to payment by Pentair plc and PISG

Debt Outstanding Matures on Calendar Year Basis

Debt outstanding, excluding unamortized issuance costs and discounts, at March 31, 2017 matures on a calendar year basis as follows:

	Q2-Q4
In millions	2017		2018		2019		2020		2021		2022		Thereafter		Total
Contractual debt obligation maturities	$	0.7	$	500.0	$	2,345.3	$	400.0	$	500.0	$	550.0	$	250.0	$	4,546.0