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Quarterly Financial Information (Unaudited) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information (Unaudited) | QUARTERLY FINANCIAL INFORMATION (UNAUDITED) The following is a summary of the quarterly results of operations for the years ended December 31, 2018 and 2017, respectively (in millions, except per share data):
2018 |  | March 31 |  | June 30 |  | September 30(1) |  | December 31 |  | Full Year
Total revenue |  | $ | 1,172.0 |  |  | $ | 1,212.2 |  |  | $ | 1,146.0 |  |  | $ | 1,165.8 |  |  | $ | 4,696.0 |
Cost of goods sold |  | 776.0 |  |  | 793.8 |  |  | 759.1 |  |  | 777.4 |  |  | 3,106.3 |
Income from operations |  | 120.0 |  |  | 146.5 |  |  | 47.8 |  |  | 127.8 |  |  | 442.1 |
Net income (loss) |  | 71.0 |  |  | 77.1 |  |  | (11.6 | ) |  | 76.8 |  |  | 213.3 |
Net income (loss) attributable to controlling interests |  | 69.9 |  |  | 74.9 |  |  | (13.1 | ) |  | 75.4 |  |  | 207.1 |
Basic net income (loss) per share |  | $ | 0.29 |  |  | $ | 0.31 |  |  | $ | (0.05 | ) |  | $ | 0.32 |  |  | $ | 0.87 |
Diluted net income (loss) per share |  | $ | 0.28 |  |  | $ | 0.31 |  |  | $ | (0.05 | ) |  | $ | 0.32 |  |  | $ | 0.85 |
2017 |  | March 31 |  | June 30(2) |  | September 30 |  | December 31(3) |  | Full Year
Total revenue |  | $ | 1,013.7 |  |  | $ | 1,094.6 |  |  | $ | 1,096.3 |  |  | $ | 1,172.4 |  |  | $ | 4,377.0 |
Cost of goods sold |  | 641.4 |  |  | 690.0 |  |  | 702.5 |  |  | 746.6 |  |  | 2,780.5 |
Income from operations |  | 110.4 |  |  | 47.5 |  |  | 103.9 |  |  | 101.9 |  |  | 363.7 |
Net income (loss) |  | 65.9 |  |  | (18.9 | ) |  | 56.3 |  |  | (55.6 | ) |  | 47.7 |
Net income (loss) attributable to controlling interests |  | 64.1 |  |  | (20.8 | ) |  | 54.9 |  |  | (61.5 | ) |  | 36.7 |
Basic net income (loss) per share |  | $ | 0.27 |  |  | $ | (0.09 | ) |  | $ | 0.23 |  |  | $ | (0.26 | ) |  | $ | 0.15 |
Diluted net income (loss) per share |  | $ | 0.26 |  |  | $ | (0.09 | ) |  | $ | 0.22 |  |  | $ | (0.26 | ) |  | $ | 0.15 |
(1) During the three months ended September 30, 2018, the Company announced the closure of the Mechelen, Belgium manufacturing facility and recorded severance costs of $70.6 million. See further discussion in Note 5. (2) During the three months ended June 30, 2017, the Company recorded a loss in conjunction with the deconsolidation of its Venezuelan subsidiary of $70.9 million, based on its evaluation of the carrying value associated with our real estate investment in Venezuela. See further discussion in Note 21. (3) During the three months ended December 31, 2017, the Company recorded a provisional net tax charge of $107.8 million ($112.5 million of net loss attributable to controlling interests) associated with the U.S. Tax Cuts and Jobs Act legislation, resulting primarily from the write-down of net deferred tax assets to the lower enacted U.S. corporate tax rate of 21.0%. The provisionally estimated net tax charge reflects Axalta's estimate of the new legislation’s impact, which may differ with further regulatory guidance and changes in our interpretations and assumptions.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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