Axalta Coating Systems Ltd.
For the period ended Jun 30, 2025. Filed Jul 30, 2025.
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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.
Jun 30, 2025 · Filed Jul 30, 2025
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(11) ACCOUNTS AND NOTES RECEIVABLE, NET
Trade accounts receivable are stated at the amount we expect to collect. We maintain allowances for doubtful accounts for estimated losses by applying historical loss percentages, combined with reasonable and supportable forecasts of future losses, to respective aging categories. Management considers the following factors in developing its current estimate of expected credit losses: customer credit-worthiness, past transaction history with the customer, current economic industry trends, changes in market or regulatory matters, changes in geopolitical matters, changes in customer payment terms, and other macroeconomic factors.
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| Accounts receivable - trade, net (1) | $1,105 | $1,015 |
| Notes receivable | 86 | 92 |
| Other (2) | 157 | 141 |
| Total | $1,348 | $1,248 |
(1) Allowance for doubtful accounts was $30 million and $25 million at June 30, 2025 and December 31, 2024, respectively.
(2) Includes $28 million and $29 million at June 30, 2025 and December 31, 2024, respectively, of insurance recoveries related to an operational matter discussed further in Note 5.
Bad debt expense of $3 million, $6 million, $3 million and $4 million was included within selling, general and administrative expenses and other operating charges for the three and six months ended June 30, 2025 and 2024, respectively.
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