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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 600.4 $ 769.8
Restricted cash 2.9 3.1
Accounts and notes receivable, net 940.9 870.2
Inventories 641.8 608.6
Prepaid expenses and other 116.9 63.9
Total current assets 2,302.9 2,315.6
Property, plant and equipment, net 1,407.8 1,388.6
Goodwill 1,304.4 1,271.2
Identifiable intangibles, net 1,484.2 1,428.2
Other assets 448.1 428.6
Total assets 6,947.4 6,832.2
Current liabilities:    
Accounts payable 570.0 554.9
Current portion of borrowings 41.8 37.7
Other accrued liabilities 407.7 489.6
Total current liabilities 1,019.5 1,082.2
Long-term borrowings 3,919.5 3,877.9
Accrued pensions 286.2 279.1
Deferred income taxes 167.1 152.9
Other liabilities 30.7 32.3
Total liabilities 5,423.0 5,424.4
Commitments and contingencies
Shareholders’ equity    
Common shares, $1.00 par, 1,000.0 shares authorized, 245.3 and 243.9 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 243.3 242.4
Capital in excess of par 1,371.1 1,354.5
Retained earnings (Accumulated deficit) 61.4 (21.4)
Treasury shares (61.7) (58.4)
Accumulated other comprehensive loss (192.7) (241.0)
Total Axalta shareholders’ equity 1,421.4 1,276.1
Noncontrolling interests 103.0 131.7
Total shareholders’ equity 1,524.4 1,407.8
Total liabilities and shareholders’ equity $ 6,947.4 $ 6,832.2