Axalta Coating Systems Ltd
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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(1) PROPERTY, PLANT AND EQUIPMENT, NET
(15)PROPERTY, PLANT AND EQUIPMENT, NET
| Year Ended December 31, | |||||
|---|---|---|---|---|---|
| Useful Lives (years) · 2024 · 2023 | |||||
| Land | $72 | $76 | |||
| Buildings and improvements | 5 | - | 25 | 517 | 526 |
| Machinery and equipment | 5 | - | 25 | 1,403 | 1,409 |
| Software | 5 | - | 15 | 272 | 283 |
| Other | 3 | - | 20 | 74 | 75 |
| Construction in progress | 116 | 85 | |||
| Total | 2,454 | 2,454 | |||
| Accumulated depreciation | (1,273) | (1,250) | |||
| Property, plant and equipment, net | $1,181 | $1,204 | |||
Depreciation expense amounted to $127 million,$121 million and $117 million for the years ended December 31, 2024, 2023 and 2022, respectively.
We capitalized interest of $4 million, $6 million and $3 million for the years ended December 31, 2024, 2023 and 2022, respectively.
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