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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 588.1 $ 769.8
Restricted cash 2.8 3.1
Accounts and notes receivable, net 958.2 870.2
Inventories 618.6 608.6
Prepaid expenses and other 128.5 63.9
Total current assets 2,296.2 2,315.6
Property, plant and equipment, net 1,325.0 1,388.6
Goodwill 1,248.0 1,271.2
Identifiable intangibles, net 1,388.1 1,428.2
Other assets 503.5 428.6
Total assets 6,760.8 6,832.2
Current liabilities:    
Accounts payable 533.5 554.9
Current portion of borrowings 42.5 37.7
Other accrued liabilities 455.3 489.6
Total current liabilities 1,031.3 1,082.2
Long-term borrowings 3,852.0 3,877.9
Accrued pensions 271.0 279.1
Deferred income taxes 149.3 152.9
Other liabilities 111.1 32.3
Total liabilities 5,414.7 5,424.4
Commitments and contingencies
Shareholders’ equity    
Common shares, $1.00 par, 1,000.0 shares authorized, 246.7 and 243.9 shares issued at September 30, 2018 and December 31, 2017, respectively 245.1 242.4
Capital in excess of par 1,399.4 1,354.5
Retained earnings (Accumulated deficit) 123.2 (21.4)
Treasury shares, at cost 7.1 and 2.0 shares at September 30, 2018 and December 31, 2017, respectively (211.9) (58.4)
Accumulated other comprehensive loss (312.4) (241.0)
Total Axalta shareholders’ equity 1,243.4 1,276.1
Noncontrolling interests 102.7 131.7
Total shareholders’ equity 1,346.1 1,407.8
Total liabilities and shareholders’ equity $ 6,760.8 $ 6,832.2