An exhaust duct includes an upper duct being open at opposite ends thereof and a lower duct being open at a tip end thereof. One end of the upper duct is connected, inside an enclosure of a water-heating device, to an exhaust adaptor disposed on the enclosure, and an opposite end of the upper duct communicates with the tip end of the lower duct. The upper duct is connected to the lower duct so as to be slidable along a reference direction in which the lower duct extends from the tip end of the lower duct, and the upper duct is configured to be separated from the exhaust adaptor by sliding along the reference direction.