LONG-TERM DEBT

The details of long-term debt follow:



	2017		2018
5.375% notes due October 2017	$	250	—
5.25% notes due October 2018	400		400
5.0% notes due April 2019	250		250
4.875% notes due October 2019	500		500
4.25% notes due November 2020	300		300
2.625% notes due December 2021	500		500
2.625% notes due February 2023	500		500
3.15% notes due June 2025	500		500
6.0% notes due August 2032	250		250
6.125% notes due April 2039	250		250
5.25% notes due November 2039	300		300
Other	64		75
Long-term debt	4,064		3,825
Less: Current maturities	270		688
Total, net	$	3,794	3,137

Long-term debt maturing during each of the four years after 2019 is $512, $319, $500 and $501, respectively. Total interest paid on all debt was approximately $193, $192 and $209 in 2018, 2017 and 2016, respectively. During the year, the Company repaid $250 of 5.375% notes that matured in October 2017. In 2017, the Company repaid $250 of 5.125% notes that matured in December 2016.

The Company maintains a universal shelf registration statement on file with the SEC under which it can issue debt securities, preferred stock, common stock, warrants, share purchase contracts or share purchase units without a predetermined limit. Securities can be sold in one or more separate offerings with the size, price and terms to be determined at the time of sale.

Historical Timeline

Fiscal Year	Filed
2018	Nov 19, 2018	Showing above
2017	Nov 20, 2017

2016	Nov 16, 2016

2015	Nov 18, 2015

About Debt Disclosures

Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.

Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.

EMERSON ELECTRIC CO Debt Disclosure

Historical Timeline

About Debt Disclosures

Other Available Disclosures