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, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Short-term borrowings	374,200)	978,100)	763,500)	100)	204,700)
Current portion of long-term debt	1,098,800)	600)	260,600)	25,100)	429,800)
Long-term debt, excluding current portion	8,377,900)	9,591,000)	8,590,900)	8,266,900)	8,050,700)
Total debt (carrying amount)	9,850,900)	10,569,700)	9,615,000)	8,292,100)	8,685,200)

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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 increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.

	Dec 31, 2023
Selected Financial Data (US$ in thousands)
Short-term borrowings	374,200)
Publicly traded debt	8,615,100)
Non-traded debt	800)
Total long-term debt, including current portion (fair value)	8,615,900)
Total debt (fair value)	8,990,100)
Financial Ratio
Debt, fair value to carrying amount ratio	0.91

Weighted average interest rate on debt: 3.63%

Interest rate	Debt amount¹	Interest rate × Debt amount
3.45%	1,493,900)	51,540)
4.50%	1,233,000)	55,485)
2.95%	794,600)	23,441)
4.05%	598,800)	24,251)
3.80%	543,600)	20,657)
3.13%	499,700)	15,616)
2.30%	497,100)	11,433)
2.20%	494,800)	10,886)
3.30%	494,300)	16,312)
2.90%	491,900)	14,265)
3.45%	399,400)	13,779)
4.25%	398,600)	16,941)
4.55%	395,200)	17,982)
3.95%	353,100)	13,947)
4.00%	297,000)	11,880)
3.30%	249,900)	8,247)
4.40%	240,900)	10,600)
8.00%	900)	72)
5.50%	347,700)	19,124)
3.60%	26,500)	954)
Total	9,850,900)	357,410)
3.63%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 357,410 ÷ 9,850,900 = 3.63%

Sherwin-Williams Co. (NYSE:SHW)

Analysis of Debt