Axalta Coating Systems Ltd.
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
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(3) GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS
During the year ended December 31, 2025, we completed multiple strategic acquisitions in our Performance Coatings segment. These acquisitions were accounted for as business combinations with consolidated aggregate consideration of $58 million, of which $48 million was paid, net of $3 million of cash acquired. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in aggregate. The fair value attributable to the consolidated identifiable intangible assets was $32 million, primarily comprising of customer relationship assets, which will be amortized over a weighted average term of approximately 10 years.
Goodwill
The following table shows changes in the carrying amount of goodwill from December 31, 2023 to December 31, 2025 by reportable segment:
| PerformanceCoatings | MobilityCoatings | Total | |
|---|---|---|---|
| December 31, 2023 | $1,513 | $78 | $1,591 |
| Goodwill from acquisitions | 112 | — | 112 |
| Foreign currency translation | (59) | (4) | (63) |
| December 31, 2024 | $1,566 | $74 | $1,640 |
| Goodwill from acquisitions | 19 | — | 19 |
| Foreign currency translation | 129 | 7 | 136 |
| December 31, 2025 | $1,714 | $81 | $1,795 |
Identifiable Intangible Assets
The following tables summarize the gross carrying amounts and accumulated amortization of identifiable intangible assets by major class:
| December 31, 2025 | Gross CarryingAmount | AccumulatedAmortization | Net BookValue | Weighted averageamortization periods (years) |
|---|---|---|---|---|
| Technology | $154 | $(103) | $51 | 11.1 |
| Trademarks—indefinite-lived | 275 | — | 275 | Indefinite |
| Trademarks—definite-lived | 164 | (87) | 77 | 14.1 |
| Customer relationships | 1,375 | (631) | 744 | 18.9 |
| Total | $1,968 | $(821) | $1,147 |
| December 31, 2024 | Gross CarryingAmount | AccumulatedAmortization | Net BookValue | Weighted averageamortization periods (years) |
|---|---|---|---|---|
| Technology | $152 | $(88) | $64 | 11.1 |
| Trademarks—indefinite-lived | 252 | — | 252 | Indefinite |
| Trademarks—definite-lived | 154 | (70) | 84 | 14.0 |
| Customer relationships | 1,280 | (531) | 749 | 19.1 |
| Total | $1,838 | $(689) | $1,149 |
The estimated amortization expense related to the fair value of acquired intangible assets for each of the succeeding five years is:
| 2026 | $103 |
| 2027 | $102 |
| 2028 | $88 |
| 2029 | $83 |
| 2030 | $83 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.