v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 575 $ 593
Restricted cash 3 3
Accounts and notes receivable, net 1,282 1,248
Inventories 787 734
Prepaid expenses and other current assets 174 145
Total current assets 2,821 2,723
Property, plant and equipment, net 1,199 1,181
Goodwill 1,677 1,640
Identifiable intangibles, net 1,146 1,149
Other assets 568 556
Total assets 7,411 7,249
Current liabilities:    
Accounts payable 732 659
Current portion of borrowings 20 20
Other accrued liabilities 578 675
Total current liabilities 1,330 1,354
Long-term borrowings 3,398 3,401
Accrued pensions 223 220
Deferred income taxes 153 151
Other liabilities 185 167
Total liabilities 5,289 5,293
Commitments and contingent liabilities (Note 5)
Shareholders’ equity:    
Common shares, $1.00 par, 1,000.0 shares authorized, 255.0 and 254.5 shares issued at March 31, 2025 and December 31, 2024, respectively 255 255
Capital in excess of par 1,602 1,599
Retained earnings 1,776 1,677
Treasury shares, at cost, 36.4 shares at March 31, 2025 and December 31, 2024 (1,037) (1,037)
Accumulated other comprehensive loss (520) (582)
Total Axalta shareholders’ equity 2,076 1,912
Noncontrolling interests 46 44
Total shareholders’ equity 2,122 1,956
Total liabilities and shareholders’ equity $ 7,411 $ 7,249

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