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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,230.9 $ 1,360.9
Restricted cash 10.6 3.1
Accounts and notes receivable, net 1,035.7 869.8
Inventories 614.5 559.9
Prepaid expenses and other current assets 156.5 132.2
Total current assets 3,048.2 2,925.9
Property, plant and equipment, net 1,183.3 1,194.5
Goodwill 1,294.3 1,294.9
Identifiable intangibles, net 1,096.6 1,148.8
Other assets 587.0 593.1
Total assets 7,209.4 7,157.2
Current liabilities:    
Accounts payable 597.5 564.4
Current portion of borrowings 40.5 54.2
Other accrued liabilities 578.2 562.3
Total current liabilities 1,216.2 1,180.9
Long-term borrowings 3,813.4 3,838.5
Accrued pensions 296.0 309.9
Deferred income taxes 116.6 114.0
Other liabilities 231.9 234.1
Total liabilities 5,674.1 5,677.4
Commitments and contingent liabilities (Note 5)
Shareholders’ equity:    
Common shares, $1.00 par, 1,000.0 shares authorized, 251.7 and 250.9 shares issued at June 30, 2021 and December 31, 2020, respectively 251.7 250.9
Capital in excess of par 1,506.9 1,487.1
Retained earnings 704.9 563.3
Treasury shares, at cost, 20.3 and 16.1 shares at June 30, 2021 and December 31, 2020, respectively (567.2) (443.5)
Accumulated other comprehensive loss (408.0) (424.8)
Total Axalta shareholders’ equity 1,488.3 1,433.0
Noncontrolling interests 47.0 46.8
Total shareholders’ equity 1,535.3 1,479.8
Total liabilities and shareholders’ equity $ 7,209.4 $ 7,157.2