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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 767.2 $ 693.6
Restricted cash 2.9 2.8
Accounts and notes receivable, net 935.7 860.8
Inventories 597.3 613.0
Prepaid expenses and other current assets 130.0 139.4
Total current assets 2,433.1 2,309.6
Property, plant and equipment, net 1,216.7 1,298.2
Goodwill 1,183.7 1,230.8
Identifiable intangibles, net 1,236.0 1,348.0
Other assets 620.5 489.1
Total assets 6,690.0 6,675.7
Current liabilities:    
Accounts payable 495.3 522.8
Current portion of borrowings 42.4 42.2
Other accrued liabilities 497.2 475.6
Total current liabilities 1,034.9 1,040.6
Long-term borrowings 3,772.3 3,821.8
Accrued pensions 248.6 261.9
Deferred income taxes 115.8 140.8
Other liabilities 178.7 100.1
Total liabilities 5,350.3 5,365.2
Commitments and contingencies
Shareholders’ equity:    
Common shares, $1.00 par, 1,000.0 shares authorized, 249.8 and 246.7 shares issued at September 30, 2019 and December 31, 2018, respectively 249.6 245.3
Capital in excess of par 1,463.9 1,409.5
Retained earnings 401.5 198.6
Treasury shares (at cost) of 15.2 and 11.1 shares at September 30, 2019 and December 31, 2018, respectively (417.5) (312.2)
Accumulated other comprehensive loss (411.8) (336.1)
Total Axalta shareholders’ equity 1,285.7 1,205.1
Noncontrolling interests 54.0 105.4
Total shareholders’ equity 1,339.7 1,310.5
Total liabilities and shareholders’ equity $ 6,690.0 $ 6,675.7