RESTRUCTURING

In accordance with the applicable guidance for Nonretirement Postemployment Benefits, we accounted for termination benefits and recognized liabilities when the loss was considered probable that employees were entitled to benefits and the amounts could be reasonably estimated.

We have incurred costs associated with involuntary termination benefits associated with our corporate-related initiatives, including our transition to a standalone entity and cost-saving opportunities associated with our Fit For Growth and Axalta Way initiatives. During the three and six months ended June 30, 2015, we incurred restructuring costs of $14.5 million and $16.7 million, respectively. During the three and six months ended June 30, 2014, we incurred restructuring costs of $1.3 million and $1.4 million, respectively. These amounts are recorded within selling, general and administrative expenses in the statements of operations. The payments associated with these actions are expected to be completed within 12 to 18 months from the balance sheet date.

The following table summarizes the activities related to the restructuring reserves and expenses from December 31, 2014 to June 30, 2015:



Restructuring Rollforward	2015 Activity
Balance at December 31, 2014	$	48.5
Expense Recorded	16.7
Payments Made	(22.5		)
Foreign Currency Changes	(4.1		)
Balance at June 30, 2015	$	38.6