v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 650 $ 657
Restricted cash 6 3
Accounts and notes receivable, net 1,366 1,229
Inventories 849 756
Prepaid expenses and other current assets 192 170
Total current assets 3,063 2,815
Property, plant and equipment, net 1,319 1,299
Goodwill 1,762 1,795
Identifiable intangibles, net 1,056 1,147
Other assets 547 543
Total assets 7,747 7,599
Current liabilities:    
Accounts payable 780 637
Current portion of borrowings 519 20
Other accrued liabilities 701 712
Total current liabilities 2,000 1,369
Long-term borrowings 2,476 3,179
Accrued pensions 225 238
Deferred income taxes 182 171
Other liabilities 198 249
Total liabilities 5,081 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 September 30, 2026 and December 31, 2025, respectively 256 255
Capital in excess of par 1,637 1,621
Retained earnings 2,329 2,055
Treasury shares, at cost, 41.7 shares at both September 30, 2026 and December 31, 2025 (1,202) (1,202)
Accumulated other comprehensive loss (400) (383)
Total Axalta shareholders’ equity 2,620 2,346
Noncontrolling interests 46 47
Total shareholders’ equity 2,666 2,393
Total liabilities and shareholders’ equity $ 7,747 $ 7,599