Rendering
| Component: (Network and Table) |
|---|
| Network | 133 - Disclosure - Debt and Lease Commitments (Tables) (http://www.aosmith.com/taxonomy/role/NotesToFinancialStatementsDebtDisclosureTextBlockTables) |
| Table | Statement [Table] |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0000091142 (http://www.sec.gov/CIK) |
| Legal Entity [Axis] | Entity [Domain] |
| Statement [Line Items] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Schedule of Debt and Lease Commitments |
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December 31 (dollars in millions)
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2016 |
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|
2015 |
|
|
Bank credit lines, average year-end interest rates of 2.4% for
2016 and 1.3% for 2015
|
|
$ |
23.6 |
|
|
$ |
10.2 |
|
|
|
|
|
Revolving credit agreement borrowings, average year-end interest rates of 1.7% for
2016 and 1.5% for 2015
|
|
|
80.0 |
|
|
|
80.0 |
|
|
|
|
|
Commercial paper, average year-end interest rates of 1.1% for
2016 and 2015
|
|
|
85.6 |
|
|
|
56.8 |
|
|
|
|
|
Term notes with insurance companies, expiring through 2034, average
year-end interest rates of
3.5% for 2016 and 3.9% for 2015
|
|
|
125.5 |
|
|
|
89.0 |
|
|
|
|
|
Canadian term notes with insurance companies, expiring through
2018, average year-end
interest rates of 5.3% for 2016 and 2015
|
|
|
8.9 |
|
|
|
13.0 |
|
|
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|
|
|
|
|
|
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|
323.6 |
|
|
|
249.0 |
|
|
Less long-term debt due within one year
|
|
|
7.2 |
|
|
|
12.9 |
|
|
|
|
|
|
|
|
|
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Long-term debt
|
|
$ |
316.4 |
|
|
$ |
236.1 |
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Schedule of Maturities of Long Term Debt |
Scheduled maturities of long-term debt within each of the five
years subsequent to December 31, 2016 are as follows:
|
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Years ending December 31 (dollars in millions)
|
|
Amount |
|
|
2017
|
|
$ |
7.2 |
|
|
2018
|
|
|
7.2 |
|
|
2019
|
|
|
— |
|
|
2020
|
|
|
6.8 |
|
|
2021
|
|
|
196.1 |
|
|
Schedule of Future Minimum Payments Under Non Cancelable Operating Leases |
Future minimum payments under non-cancelable operating leases
relating mostly to office, manufacturing and warehouse facilities
total $37.4 million and are due as follows:
|
|
|
|
|
|
Years ending December 31 (dollars in millions)
|
|
Amount |
|
|
2017
|
|
$ |
19.5 |
|
|
2018
|
|
|
4.5 |
|
|
2019
|
|
|
3.4 |
|
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2020
|
|
|
2.3 |
|
|
2021
|
|
|
1.9 |
|
|
Thereafter
|
|
|
5.8 |
|
|