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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 517.6 $ 645.2
Restricted cash 2.4 9.7
Accounts and notes receivable, net 1,271.1 1,067.4
Inventories 766.7 829.6
Prepaid expenses and other current assets 131.8 140.8
Total current assets 2,689.6 2,692.7
Property, plant and equipment, net 1,196.8 1,190.2
Goodwill 1,526.6 1,498.0
Identifiable intangibles, net 1,077.1 1,112.3
Other assets 553.0 566.0
Total assets 7,043.1 7,059.2
Current liabilities:    
Accounts payable 702.3 733.5
Current portion of borrowings 39.0 31.0
Other accrued liabilities 587.9 620.2
Total current liabilities 1,329.2 1,384.7
Long-term borrowings 3,528.9 3,673.3
Accrued pensions 209.4 205.1
Deferred income taxes 155.4 162.1
Other liabilities 131.2 134.5
Total liabilities 5,354.1 5,559.7
Commitments and contingent liabilities (Note 5)
Shareholders’ equity:    
Common shares, $1.00 par, 1,000.0 shares authorized, 253.5 and 252.4 shares issued at June 30, 2023 and December 31, 2022, respectively 253.5 252.4
Capital in excess of par 1,557.5 1,536.5
Retained earnings 1,140.2 1,018.8
Treasury shares, at cost, 31.8 shares at June 30, 2023 and December 31, 2022 (887.3) (887.3)
Accumulated other comprehensive loss (419.7) (466.9)
Total Axalta shareholders’ equity 1,644.2 1,453.5
Noncontrolling interests 44.8 46.0
Total shareholders’ equity 1,689.0 1,499.5
Total liabilities and shareholders’ equity $ 7,043.1 $ 7,059.2