Debt (Tables)

9 Months Ended

Sep. 30, 2023

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 as of September 30, 2023	Maturity Year	September 30, 2023		December 31, 2022
Revolving credit facility (Senior Credit Facility)	6.619%	2026	$	—	$	320.0
Term Loan Facility	6.809%	2023 - 2027	993.8		1,000.0
Term loans (Senior Credit Facility)	6.634%	2024	200.0		200.0
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		400.0
Unamortized debt issuance costs and discounts	N/A	N/A	(19.5)		(22.0)
Total debt			$	1,993.6	$	2,317.3
(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 September 30, 2023 matures on a calendar year basis as follows:

	Q4
In millions	2023		2024		2025		2026		2027		2028		Thereafter		Total
Contractual debt obligation maturities	$	6.3	$	237.5	$	69.3	$	50.0	$	850.0	$	—	$	800.0	$	2,013.1