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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 693.6 $ 769.8
Restricted cash 2.8 3.1
Accounts and notes receivable, net 860.8 870.2
Inventories 613.0 608.6
Prepaid expenses and other current assets 139.4 63.9
Total current assets 2,309.6 2,315.6
Property, plant and equipment, net 1,298.2 1,388.6
Goodwill 1,230.8 1,271.2
Identifiable intangibles, net 1,348.0 1,428.2
Other assets 489.1 428.6
Total assets 6,675.7 6,832.2
Current liabilities:    
Accounts payable 522.8 554.9
Current portion of borrowings 42.2 37.7
Other accrued liabilities 475.6 489.6
Total current liabilities 1,040.6 1,082.2
Long-term borrowings 3,821.8 3,877.9
Accrued pensions 261.9 279.1
Deferred income taxes 140.8 152.9
Other liabilities 100.1 32.3
Total liabilities 5,365.2 5,424.4
Commitments and contingent liabilities (Note 6)
Shareholders’ equity    
Common shares, $1.00 par, 1,000.0 shares authorized, 246.7 and 243.9 shares issued at December 31, 2018 and 2017, respectively 245.3 242.4
Capital in excess of par 1,409.5 1,354.5
Retained earnings (Accumulated deficit) 198.6 (21.4)
Treasury shares (312.2) (58.4)
Accumulated other comprehensive loss (336.1) (241.0)
Total Axalta shareholders’ equity 1,205.1 1,276.1
Noncontrolling interests 105.4 131.7
Total shareholders’ equity 1,310.5 1,407.8
Total liabilities and shareholders’ equity $ 6,675.7 $ 6,832.2