Name: Sherwin-Williams Co. (NYSE:SHW) | Analysis of Debt
Creator: Stock Analysis on Net

Sherwin-Williams Co., balance sheet: debt

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Short-term borrowings	763,500)	100)	204,700)	328,403)	633,731)
Current portion of long-term debt	260,600)	25,100)	429,800)	307,191)	1,179)
Long-term debt, excluding current portion	8,590,900)	8,266,900)	8,050,700)	8,708,057)	9,885,745)
Total debt (carrying amount)	9,615,000)	8,292,100)	8,685,200)	9,343,651)	10,520,655)

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Debt item	Description	The company
Total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Sherwin-Williams Co. total debt decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

	Dec 31, 2021
Selected Financial Data (US$ in thousands)
Short-term borrowings	763,500)
Publicly traded debt	9,777,400)
Non-traded debt	1,900)
Total long-term debt, including current portion (fair value)	9,779,300)
Total debt (fair value)	10,542,800)
Financial Ratio
Debt, fair value to carrying amount ratio	1.10

Weighted average interest rate on debt: 3.29%

Interest rate	Debt amount¹	Interest rate × Debt amount
3.45%	1,490,400)	51,419)
4.50%	1,231,600)	55,422)
2.95%	792,600)	23,382)
3.80%	543,000)	20,634)
3.13%	498,300)	15,572)
2.30%	496,200)	11,413)
3.30%	493,900)	16,299)
2.20%	493,600)	10,859)
2.90%	491,300)	14,248)
3.45%	398,700)	13,755)
4.55%	394,700)	17,959)
3.95%	356,200)	14,070)
4.00%	296,700)	11,868)
2.75%	260,000)	7,150)
3.30%	249,600)	8,237)
4.40%	240,000)	10,560)
7.38%	119,200)	8,791)
7.45%	3,500)	261)
8.00%	2,000)	160)
0.30%	739,900)	2,220)
9.50%	23,600)	2,242)
Total	9,615,000)	316,519)
3.29%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 316,519 ÷ 9,615,000 = 3.29%

Sherwin-Williams Co. (NYSE:SHW)

Analysis of Debt