XML 18 R42.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Debt (Details) (USD $) In Millions, unless otherwise specified | 3 Months Ended
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Mar. 29, 2015
Credit Agreement |
Credit Agreement |
Multi-currency borrowing capacity | $ 500 us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity / us-gaap_DebtInstrumentAxis = us-gaap_LineOfCreditMember
Term of senior unsecured revolving credit facility | 5 years
Potential additional borrowing capacity | 500 wts_LineOfCreditFacilityOptionForAdditionalBorrowingCapacity / us-gaap_DebtInstrumentAxis = us-gaap_LineOfCreditMember
Sublimit on letters of credit | 100 wts_LettersOfCreditMaximumAmount / us-gaap_DebtInstrumentAxis = us-gaap_LineOfCreditMember
Unused and available credit under the credit agreement | 200.1 us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity / us-gaap_DebtInstrumentAxis = us-gaap_LineOfCreditMember
Stand-by letters of credit outstanding | 24.9 us-gaap_LettersOfCreditOutstandingAmount / us-gaap_DebtInstrumentAxis = us-gaap_LineOfCreditMember
Long-term Line of Credit | $ 275 us-gaap_LineOfCredit / us-gaap_DebtInstrumentAxis = us-gaap_LineOfCreditMember
Eurocurrency rate loans | LIBOR |
Credit Agreement |
Variable interest rate basis | LIBOR
Eurocurrency rate loans | LIBOR | Minimum |
Credit Agreement |
Interest rate added to base rate (as a percent) | 0.975%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_DebtInstrumentAxis = wts_EurocurrencyRateLoansMember / us-gaap_RangeAxis = us-gaap_MinimumMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember
Eurocurrency rate loans | LIBOR | Maximum |
Credit Agreement |
Interest rate added to base rate (as a percent) | 1.45%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_DebtInstrumentAxis = wts_EurocurrencyRateLoansMember / us-gaap_RangeAxis = us-gaap_MaximumMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember
Base rate loans and swing line loans | LIBOR |
Credit Agreement |
Interest rate added to base rate (as a percent) | 1.00%wts_DebtInstrumentBasisSpreadOnVariableRateAdditional / us-gaap_DebtInstrumentAxis = wts_BaseRateAndSwingLineLoansMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember
Variable interest rate basis | LIBOR
Base rate loans and swing line loans | LIBOR | Minimum |
Credit Agreement |
Interest rate added to base rate (as a percent) | 0.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_DebtInstrumentAxis = wts_BaseRateAndSwingLineLoansMember / us-gaap_RangeAxis = us-gaap_MinimumMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember
Base rate loans and swing line loans | LIBOR | Maximum |
Credit Agreement |
Interest rate added to base rate (as a percent) | 0.45%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1 / us-gaap_DebtInstrumentAxis = wts_BaseRateAndSwingLineLoansMember / us-gaap_RangeAxis = us-gaap_MaximumMember / us-gaap_VariableRateAxis = us-gaap_LondonInterbankOfferedRateLIBORMember
Base rate loans and swing line loans | Federal funds |
Credit Agreement |
Interest rate added to base rate (as a percent) | 0.50%wts_DebtInstrumentBasisSpreadOnVariableRateAdditional / us-gaap_DebtInstrumentAxis = wts_BaseRateAndSwingLineLoansMember / us-gaap_VariableRateAxis = wts_DebtInstrumentVariableRateBaseFederalFundsMember
Variable interest rate basis | federal funds rate
Base rate loans and swing line loans | Prime Rate |
Credit Agreement |
Variable interest rate basis | prime rate

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentDescriptionOfVariableRateBasis
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
Name: | us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The percentage points added to the specified reference rate to compute the variable rate on the debt instrument, in addition to the percentage points added regardless of specified reference rate. + References No definition available. + Details
Name: | wts_DebtInstrumentBasisSpreadOnVariableRateAdditional
Namespace Prefix: | wts_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Represents the maximum amount of the guarantees available through letters of credit. + References No definition available. + Details
Name: | wts_LettersOfCreditMaximumAmount
Namespace Prefix: | wts_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Represents the additional amount of borrowing capacity that may be added under the credit facility. + References No definition available. + Details
Name: | wts_LineOfCreditFacilityOptionForAdditionalBorrowingCapacity
Namespace Prefix: | wts_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=wts_BaseRateAndSwingLineLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=wts_EurocurrencyRateLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |