Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 645.2	$ 840.6
Restricted cash	9.7	10.6
Accounts and notes receivable, net	1,067.4	937.5
Inventories	829.6	669.7
Prepaid expenses and other current assets	140.8	117.2
Total current assets	2,692.7	2,575.6
Property, plant and equipment, net	1,190.2	1,186.2
Goodwill	1,498.0	1,592.7
Identifiable intangibles, net	1,112.3	1,278.2
Other assets	566.0	584.5
Total assets	7,059.2	7,217.2
Current liabilities:
Accounts payable	733.5	657.4
Current portion of borrowings	31.0	79.7
Other accrued liabilities	620.2	597.8
Total current liabilities	1,384.7	1,334.9
Long-term borrowings	3,673.3	3,749.9
Accrued pensions	205.1	269.3
Deferred income taxes	162.1	174.7
Other liabilities	134.5	149.7
Total liabilities	5,559.7	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 December 31, 2022 and 2021, respectively	252.4	251.8
Capital in excess of par	1,536.5	1,515.5
Retained earnings	1,018.8	827.2
Treasury shares, at cost, 31.8 and 24.4 shares at December 31, 2022 and 2021, respectively	(887.3)	(687.2)
Accumulated other comprehensive loss	(466.9)	(414.4)
Total Axalta shareholders' equity	1,453.5	1,492.9
Noncontrolling interests	46.0	45.8
Total shareholders' equity	1,499.5	1,538.7
Total liabilities and shareholders' equity	$ 7,059.2	$ 7,217.2