Axalta Coating Systems Ltd
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
AXTA$37.53+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Unaudited)
(In millions, except per share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $567 | $700 |
| Restricted cash | 4 | 3 |
| Accounts and notes receivable, net | 1,298 | 1,260 |
| Inventories | 818 | 741 |
| Prepaid expenses and other current assets | 151 | 117 |
| Total current assets | 2,838 | 2,821 |
| Property, plant and equipment, net | 1,188 | 1,204 |
| Goodwill | 1,718 | 1,591 |
| Identifiable intangibles, net | 1,207 | 1,130 |
| Other assets | 549 | 526 |
| Total assets | $7,500 | $7,272 |
| Liabilities, Shareholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $708 | $725 |
| Current portion of borrowings | 20 | 26 |
| Other accrued liabilities | 694 | 677 |
| Total current liabilities | 1,422 | 1,428 |
| Long-term borrowings | 3,505 | 3,478 |
| Accrued pensions | 244 | 252 |
| Deferred income taxes | 163 | 162 |
| Other liabilities | 215 | 179 |
| Total liabilities | 5,549 | 5,499 |
| Commitments and contingent liabilities (Note 6) | ||
| Shareholders’ equity: | ||
| Common shares, $1.00 par, 1,000.0 shares authorized, 254.4 and 253.7 shares issued at September 30, 2024 and December 31, 2023, respectively | 254 | 254 |
| Capital in excess of par | 1,590 | 1,568 |
| Retained earnings | 1,540 | 1,286 |
| Treasury shares, at cost, 36.4 and 33.6 shares at September 30, 2024 and December 31, 2023, respectively | (1,037) | (937) |
| Accumulated other comprehensive loss | (442) | (444) |
| Total Axalta shareholders’ equity | 1,905 | 1,727 |
| Noncontrolling interests | 46 | 46 |
| Total shareholders’ equity | 1,951 | 1,773 |
| Total liabilities and shareholders’ equity | $7,500 | $7,272 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.