v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 608 $ 657
Restricted cash 3 3
Accounts and notes receivable, net 1,261 1,229
Inventories 770 756
Prepaid expenses and other current assets 185 170
Total current assets 2,827 2,815
Property, plant and equipment, net 1,293 1,299
Goodwill 1,772 1,795
Identifiable intangibles, net 1,114 1,147
Other assets 552 543
Total assets 7,558 7,599
Current liabilities:    
Accounts payable 723 637
Current portion of borrowings 20 20
Other accrued liabilities 605 712
Total current liabilities 1,348 1,369
Long-term borrowings 3,127 3,179
Accrued pensions 228 238
Deferred income taxes 175 171
Other liabilities 213 249
Total liabilities 5,091 5,206
Commitments and contingent liabilities (Note 5)
Shareholders’ equity:    
Common shares, $1.00 par, 1,000.0 shares authorized, 255.7 and 255.1 shares issued at March 31, 2026 and December 31, 2025, respectively 256 255
Capital in excess of par 1,621 1,621
Retained earnings 2,145 2,055
Treasury shares, at cost, 41.7 shares at March 31, 2026 and December 31, 2025 (1,202) (1,202)
Accumulated other comprehensive loss (399) (383)
Total Axalta shareholders’ equity 2,421 2,346
Noncontrolling interests 46 47
Total shareholders’ equity 2,467 2,393
Total liabilities and shareholders’ equity $ 7,558 $ 7,599

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