XML 58 R47.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Financial Instruments - Interest Rate Swaps and Non-Designated Cash Flow Hedge (Details) - USD ($) | 3 Months Ended | 6 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | ---
Jun. 30, 2024 | Jun. 30, 2024 | Jul. 12, 2024 | Oct. 23, 2023 | Aug. 02, 2022 | Mar. 30, 2021
Derivative instruments |  |  |  |  |  |
Period of projected intercompany purchase transactions |  | 12 months |  |  |  |
Maximum |  |  |  |  |  |
Derivative instruments |  |  |  |  |  |
Percentage of projected intercompany purchases hedged by forward exchange contracts |  | 85.00% |  |  |  |
Forward exchange contracts | Cash Flow Hedging |  |  |  |  |  |
Derivative instruments |  |  |  |  |  |
Fair value of derivative asset | $ 100,000 | $ 100,000 |  |  |  |
Forward exchange contracts | Designated |  |  |  |  |  |
Amount of Gain or (Loss) Recognized in Income on Derivatives |  |  |  |  |  |
Period of time for expected reclassification |  | 12 months |  |  |  |
Forward exchange contracts | Designated | Cash Flow Hedging |  |  |  |  |  |
Amount of Gain or (Loss) Recognized in Income on Derivatives |  |  |  |  |  |
Amount expected to be reclassified |  | $ 100,000 |  |  |  |
Canadian Dollar to US Dollar Contracts |  |  |  |  |  |
Interest Rate Swaps |  |  |  |  |  |
Derivative notional amount | 15,900,000 | 15,900,000 |  |  |  |
Interest Rate Swap | Revolving credit facility | Subsequent event |  |  |  |  |  |
Interest Rate Swaps |  |  |  |  |  |
Line of credit facility, option for additional borrowing capacity |  |  | $ 400,000,000 |  |  |
Interest Rate Swap | Designated | Cash Flow Hedging |  |  |  |  |  |
Interest Rate Swaps |  |  |  |  |  |
Derivative fixed interest rate |  |  |  |  | 0.942% | 1.02975%
Derivative notional amount |  |  |  |  | $ 100,000,000.0 | $ 100,000,000.0
Gain recognized in Accumulated Other Comprehensive Loss, effective portion | $ 300,000 | $ 900,000 |  |  |  |
Interest Rate Swap | Designated | Cash Flow Hedging | LIBOR |  |  |  |  |  |
Interest Rate Swaps |  |  |  |  |  |
Derivative, floor interest rate |  |  |  |  |  | 0.00%
Interest Rate Swap | Designated | Cash Flow Hedging | SOFR |  |  |  |  |  |
Interest Rate Swaps |  |  |  |  |  |
Derivative, floor interest rate |  |  |  |  | 0.10% |
Interest Rate Swap | Designated | Bradley | Cash Flow Hedging |  |  |  |  |  |
Interest Rate Swaps |  |  |  |  |  |
Derivative fixed interest rate |  |  |  | 4.844% |  |
Derivative notional amount |  |  |  | $ 100,000,000.0 |  |
Interest Rate Swap | Designated | Bradley | Cash Flow Hedging | SOFR |  |  |  |  |  |
Interest Rate Swaps |  |  |  |  |  |
Derivative, floor interest rate |  |  |  | 0.10% |  |

X
- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and elected not to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5C -Subparagraph (SX 210.12-13C(Column F)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5B -Subparagraph (SX 210.12-13B(Column E)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-22 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483466/210-20-50-3 + Details
Name: | us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fixed interest rate related to the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Floor rate on an interest rate derivative such as an interest rate floor or collar. If market rates falls below the floor rate, a payment or receipt is triggered on the contract. + References No definition available. + Details
Name: | us-gaap_DerivativeFloorInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_DerivativeGainLossOnDerivativeNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Estimated period for the anticipated transfer of gain (loss), net, from accumulated other comprehensive income into earnings, 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_DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimateOfTimeToTransfer1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The estimated value of gains (losses), net anticipated to be transferred in the future from accumulated other comprehensive income into earnings. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480870/815-30-50-6 + Details
Name: | us-gaap_DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Nominal or face amount used to calculate payment on derivative. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_DerivativeNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_InterestRateCashFlowHedgesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, before tax and reclassification, of gain (loss) from derivative instrument designated and qualifying cash flow hedge included in assessment of hedge effectiveness. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-11 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480627/815-20-45-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 10A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-10A + Details
Name: | us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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
- Definition Maximum length of time over which the entity is hedging its exposure to the variability in future cash flows for forecasted transactions. + References No definition available. + Details
Name: | wts_MaximumLengthOfTimeHedgedInForeignCurrencyContract
Namespace Prefix: | wts_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the percentage of projected intercompany purchase transactions hedged for the next twelve months by forward exchange contracts. + References No definition available. + Details
Name: | wts_PercentageOfProjectedIntercompanyPurchaseTransactionsHedgedForNextTwelveMonthsByForwardExchangeContracts
Namespace Prefix: | wts_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=wts_CanadianDollarToUsDollarContractsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=wts_LondonInterbankMarketRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=wts_BradleyCorporationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |