RESTRUCTURING

Successor Periods

In accordance with the applicable guidance for Nonretirement Postemployment Benefits, we accounted for termination benefits and recognized liabilities when the loss was considered probable that employees were entitled to benefits and the amounts could be reasonably estimated.

Since the Acquisition date, we have incurred costs associated with involuntary termination benefits associated with corporate-related initiatives associated with our transition and cost-saving opportunities related to the separation from DuPont as well as our Fit For Growth and Axalta Way initiatives. During the Successor years ended December 31, 2015, 2014 and 2013 we incurred restructuring costs of $31.9 million, $8.5 million and $120.7 million respectively. These amounts are recorded within selling, general, and administrative expenses in the consolidated statements of operations. The payments associated with these actions are expected to be completed within 12 to 18 months from the balance sheet date.

The following table summarizes the activity related to the restructuring reserves, recorded within other accrued liabilities, and expenses for the Successor years ended December 31, 2013, 2014 and 2015:



Balance at February 1, 2013	$	0.5
Expense recorded	120.7
Payments made	(23.7		)
Foreign currency translation	0.9
Balance at December 31, 2013	$	98.4
Expense recorded	8.5
Payments made	(51.6		)
Foreign currency translation	(6.8		)
Balance at December 31, 2014	$	48.5
Expense recorded	31.9
Payments made	(33.8		)
Foreign currency translation	(5.3		)
Balance at December 31, 2015	$	41.3

Predecessor Period

There was no expense recorded during the Predecessor period from January 1, 2013 through January 31, 2013 associated with restructuring.