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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 419.5 $ 485.0
Restricted cash 2.8 2.7
Accounts and notes receivable, net 792.7 765.8
Inventories 543.4 530.7
Prepaid expenses and other 64.7 63.6
Deferred income taxes 54.9 69.5
Total current assets 1,878.0 1,917.3
Property, plant and equipment, net 1,377.5 1,382.9
Goodwill 942.1 928.2
Identifiable intangibles, net 1,177.2 1,191.6
Other assets 458.3 434.2
Total assets 5,833.1 5,854.2
Current liabilities:    
Accounts payable 419.8 454.7
Current portion of borrowings 53.7 50.1
Deferred income taxes 7.1 6.6
Other accrued liabilities 300.6 370.2
Total current liabilities 781.2 881.6
Long-term borrowings 3,405.1 3,391.4
Long-term employee benefits 252.2 252.3
Deferred income taxes 166.8 165.5
Other liabilities 26.8 22.2
Total liabilities $ 4,632.1 $ 4,713.0
Commitments and contingencies
Shareholders’ equity    
Common shares, $1.00 par, 1,000.0 shares authorized, 238.5 and 237.9 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively $ 237.2 $ 237.0
Capital in excess of par 1,255.5 1,238.8
Accumulated deficit (103.1) (132.8)
Accumulated other comprehensive loss (255.5) (269.3)
Total Axalta shareholders’ equity 1,134.1 1,073.7
Noncontrolling interests 66.9 67.5
Total shareholders’ equity 1,201.0 1,141.2
Total liabilities and shareholders’ equity $ 5,833.1 $ 5,854.2