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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,123.6 $ 1,017.5
Restricted cash 2.9 3.0
Accounts and notes receivable, net 664.0 830.1
Inventories 539.3 591.6
Prepaid expenses and other current assets 150.4 131.2
Total current assets 2,480.2 2,573.4
Property, plant and equipment, net 1,158.2 1,223.0
Goodwill 1,209.3 1,208.9
Identifiable intangibles, net 1,158.1 1,223.9
Other assets 662.8 588.8
Total assets 6,668.6 6,818.0
Current liabilities:    
Accounts payable 331.9 483.7
Current portion of borrowings 41.3 43.9
Other accrued liabilities 487.7 545.3
Total current liabilities 860.9 1,072.9
Long-term borrowings 3,980.0 3,790.2
Accrued pensions 278.3 285.2
Deferred income taxes 108.7 115.5
Other liabilities 182.1 144.6
Total liabilities 5,410.0 5,408.4
Commitments and contingencies (Note 5)
Shareholders’ equity:    
Common shares, $1.00 par, 1,000.0 shares authorized, 250.6 and 250.1 shares issued at June 30, 2020 and December 31, 2019, respectively 250.5 249.9
Capital in excess of par 1,479.5 1,474.1
Retained earnings 411.1 443.2
Treasury shares, at cost, 15.2 shares at June 30, 2020 and December 31, 2019 (418.4) (417.5)
Accumulated other comprehensive loss (509.6) (395.5)
Total Axalta shareholders’ equity 1,213.1 1,354.2
Noncontrolling interests 45.5 55.4
Total shareholders’ equity 1,258.6 1,409.6
Total liabilities and shareholders’ equity $ 6,668.6 $ 6,818.0