Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

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	Maturity year	December 31
	December 31, 2022		2022		2021
Revolving credit facility (Senior Credit Facility)	6.053%	2026	$	320.0	$	195.0
Term Loan Facility	5.463%	2023 - 2027	1,000.0		—
Term loans (Senior Credit Facility)	5.861%	2024	200.0		200.0
Senior notes - fixed rate (1)	3.150%	2022	—		88.3
Senior notes - fixed rate (1)	4.650%	2025	19.3		19.3
Senior notes - fixed rate (1)	4.500%	2029	400.0		400.0
Senior notes - fixed rate (1)	5.900%	2032	400.0		—
Unamortized issuance costs and discounts	N/A	N/A	(22.0)		(8.5)
Total debt			$	2,317.3	$	894.1
(1) Senior notes are guaranteed as to payment by Pentair plc.

Debt Outstanding Matures on Calendar Year Basis

Debt outstanding, excluding unamortized issuance costs and discounts, at December 31, 2022 matures on a calendar year basis as follows:

In millions	2023		2024		2025		2026		2027		Thereafter		Total
Contractual debt obligation maturities	$	12.5	$	237.5	$	69.3	$	370.0	$	850.0	$	800.0	$	2,339.3