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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 517.4 $ 840.6
Restricted cash 9.3 10.6
Accounts and notes receivable, net 1,106.9 937.5
Inventories 829.4 669.7
Prepaid expenses and other current assets 205.4 117.2
Total current assets 2,668.4 2,575.6
Property, plant and equipment, net 1,121.5 1,186.2
Goodwill 1,390.4 1,592.7
Identifiable intangibles, net 1,093.5 1,278.2
Other assets 545.2 584.5
Total assets 6,819.0 7,217.2
Current liabilities:    
Accounts payable 746.6 657.4
Current portion of borrowings 66.7 79.7
Other accrued liabilities 536.4 597.8
Total current liabilities 1,349.7 1,334.9
Long-term borrowings 3,663.3 3,749.9
Accrued pensions 227.3 269.3
Deferred income taxes 139.5 174.7
Other liabilities 119.8 149.7
Total liabilities 5,499.6 5,678.5
Commitments and contingent liabilities (Note 6)
Shareholders’ equity:    
Common shares, $1.00 par, 1,000.0 shares authorized, 252.4 and 251.8 shares issued at September 30, 2022 and December 31, 2021, respectively 252.4 251.8
Capital in excess of par 1,526.9 1,515.5
Retained earnings 975.2 827.2
Treasury shares, at cost, 31.8 and 24.4 shares at September 30, 2022 and December 31, 2021, respectively (887.3) (687.2)
Accumulated other comprehensive loss (593.9) (414.4)
Total Axalta shareholders’ equity 1,273.3 1,492.9
Noncontrolling interests 46.1 45.8
Total shareholders’ equity 1,319.4 1,538.7
Total liabilities and shareholders’ equity $ 6,819.0 $ 7,217.2