Debt (Tables)

9 Months Ended

Sep. 30, 2017

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



In millions	Average interest rate as of September 30, 2017	Maturity Year	September 30, 2017			December 31, 2016
Commercial paper	2.100%	2019	$	116.0		$	398.7
Revolving credit facilities	2.732%	2019	17.2			576.8
Senior notes - fixed rate ⁽¹⁾	1.875%	2017	—			350.0
Senior notes - fixed rate ⁽¹⁾	2.900%	2018	255.3			500.0
Senior notes - fixed rate ⁽¹⁾	2.650%	2019	250.0			250.0
Senior notes - fixed rate - Euro ⁽¹⁾	2.450%	2019	587.3			520.7
Senior notes - fixed rate ⁽¹⁾	3.625%	2020	74.0			400.0
Senior notes - fixed rate ⁽¹⁾	5.000%	2021	103.8			500.0
Senior notes - fixed rate ⁽¹⁾	3.150%	2022	88.3			550.0
Senior notes - fixed rate ⁽¹⁾	4.650%	2025	19.3			250.0
Other	N/A	N/A	—			0.8
Unamortized debt issuance costs and discounts	N/A	N/A	(7.8		)	(17.8		)
Total debt			1,503.4			4,279.2
Less: Current maturities and short-term borrowings			—			(0.8		)
Long-term debt			$	1,503.4		$	4,278.4

⁽¹⁾Senior notes are guaranteed as to payment by Pentair plc and PISG

Debt outstanding, excluding unamortized issuance costs and discounts, at September 30, 2017 matures on a calendar year basis as follows:



	Q4
In millions	2017		2018		2019		2020		2021		2022		Thereafter		Total
Contractual debt obligation maturities	$	—	$	—	$	1,225.8	$	74.0	$	103.8	$	88.3	$	19.3	$	1,511.2