Analysis of Debt

Emerson Electric Co., balance sheet: debt

US$ in millions

	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016	Sep 30, 2015	Sep 30, 2014
Short-term borrowings and current maturities of long-term debt	1,444)	1,623)	862)	2,584)	2,553)	2,465)
Long-term debt, excluding current maturities	4,277)	3,137)	3,794)	4,062)	4,289)	3,559)
Total debt (carrying amount)	5,721)	4,760)	4,656)	6,646)	6,842)	6,024)

Download chart

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.	Emerson Electric Co. total debt increased from 2017 to 2018 and from 2018 to 2019.

	Sep 30, 2019
Selected Financial Data (US$ in millions)
Commercial paper	929)
Payable to banks	—)
Total short-term borrowings (fair value)	929)
Long-term debt, including current maturities	5,261)
Total debt (fair value)	6,190)
Financial Ratio
Debt, fair value to carrying amount ratio	1.08

Interest rate for weighted-average debt: 3.06%

Interest rate	Debt amount¹	Interest rate × Debt amount
4.88%	500)	24)
4.25%	300)	13)
2.63%	500)	13)
2.63%	500)	13)
0.38%	545)	2)
3.15%	500)	16)
1.25%	545)	7)
2.00%	545)	11)
6.00%	250)	15)
6.13%	250)	15)
5.25%	300)	16)
Total	4,735)	145)
3.06%

¹ US$ in millions

² Weighted-average interest rate = 100 × 145 ÷ 4,735 = 3.06%

Emerson Electric Co. (NYSE:EMR)