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Debt (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Debt and Average Interest Rates on Debt Outstanding
Debt and the average interest rates on debt outstanding were as follows: 
In millionsAverage interest rate as of June 30, 2024Maturity
Year
June 30,
2024
December 31,
2023
Revolving credit facility (Senior Credit Facility)6.637%2026$— $— 
Term Loan Facility6.802%2023 - 2027950.0 987.5 
Term loans (Senior Credit Facility)N/A2024— 200.0 
Senior notes - fixed rate (1)
4.650%202519.3 19.3 
Senior notes - fixed rate (1)
4.500%2029400.0 400.0 
Senior notes - fixed rate (1)
5.900%2032400.0 400.0 
Other
N/A
N/A
3.3 — 
Unamortized debt issuance costs and discountsN/AN/A(16.7)(18.5)
Total debt1,755.9 1,988.3 
Less: Current maturities of short-term borrowings
(3.3)— 
Long-term debt$1,752.6 $1,988.3 
(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 June 30, 2024 matures on a calendar year basis as follows:
 
Q3 - Q4
       
In millions202420252026202720282029ThereafterTotal
Contractual debt obligation maturities
$3.3 $69.3 $50.0 $850.0 $— $400.0 $400.0 $1,772.6