$AXTA
Axalta Coating Systems Ltd. Stock $axta

$axta Overview Financials Valuation SEC Filings Company Website

2016 Q1 Form 10-Q Financial Statement

#000161686216000055 Filed on April 28, 2016

Income Statement

Concept	2016 Q1	2015 Q1
Revenue	$963.2M	$997.5M
YoY Change	-3.44%	-5.4%
Cost Of Revenue	$606.4M	$649.8M
YoY Change	-6.68%	-7.63%
Gross Profit	$356.8M	$347.7M
YoY Change	2.62%	-0.91%
Gross Profit Margin	37.04%	34.86%
Selling, General & Admin	$219.1M	$213.0M
YoY Change	2.86%	-13.66%
% of Gross Profit	61.41%	61.26%
Research & Development	$12.60M	$12.90M
YoY Change	-2.33%	14.16%
% of Gross Profit	3.53%	3.71%
Depreciation & Amortization	$41.70M	$41.30M
YoY Change	0.97%	-14.67%
% of Gross Profit	11.69%	11.88%
Operating Expenses	$231.7M	$225.9M
YoY Change	2.57%	-12.44%
Operating Profit	$103.3M	$101.8M
YoY Change	1.47%	41.78%
Interest Expense	$50.10M	$50.00M
YoY Change	0.2%	-15.25%
% of Operating Profit	48.5%	49.12%
Other Income/Expense, Net	-$8.000M	-$3.900M
YoY Change	105.13%	-13.33%
Pretax Income	$45.20M	$47.90M
YoY Change	-5.64%	477.11%
Income Tax	$13.40M	$1.200M
% Of Pretax Income	29.65%	2.51%
Net Earnings	$31.90M	$45.10M
YoY Change	-29.27%	-1148.84%
Net Earnings / Revenue	3.31%	4.52%
Basic Earnings Per Share	$0.13	$0.20
Diluted Earnings Per Share	$0.13	$0.19
COMMON SHARES
Basic Shares Outstanding	237.1M shares	229.8M shares
Diluted Shares Outstanding	243.4M shares	237.0M shares

Balance Sheet

Concept	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$419.5M	$222.9M
YoY Change	88.2%
Cash & Equivalents	$419.5M	$222.9M
Short-Term Investments
Other Short-Term Assets	$122.4M	$153.6M
YoY Change	-20.31%
Inventory	$543.4M	$541.3M
Prepaid Expenses	$64.70M	$82.60M
Receivables	$681.4M	$664.1M
Other Receivables	$111.3M	$168.9M
Total Short-Term Assets	$1.878B	$1.751B
YoY Change	7.27%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.378B	$1.412B
YoY Change	-2.42%
Goodwill	$942.1M	$916.8M
YoY Change	2.76%
Intangibles	$1.177B	$1.247B
YoY Change	-5.58%
Long-Term Investments	$15.60M	$10.50M
YoY Change	48.57%	-35.98%
Other Assets	$458.3M	$485.5M
YoY Change	-5.6%
Total Long-Term Assets	$3.955B	$4.148B
YoY Change	-4.64%
TOTAL ASSETS
Total Short-Term Assets	$1.878B	$1.751B
Total Long-Term Assets	$3.955B	$4.148B
Total Assets	$5.833B	$5.898B
YoY Change	-1.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$419.8M	$458.3M
YoY Change	-8.4%
Accrued Expenses	$300.6M	$291.7M
YoY Change	3.05%
Deferred Revenue
YoY Change
Short-Term Debt	$26.20M	$14.30M
YoY Change	83.22%
Long-Term Debt Due	$27.50M	$27.30M
YoY Change	0.73%
Total Short-Term Liabilities	$781.2M	$798.0M
YoY Change	-2.11%
LONG-TERM LIABILITIES
Long-Term Debt	$3.405B	$3.567B
YoY Change	-4.53%
Other Long-Term Liabilities	$26.80M	$22.30M
YoY Change	20.18%
Total Long-Term Liabilities	$26.80M	$22.30M
YoY Change	20.18%
TOTAL LIABILITIES
Total Short-Term Liabilities	$781.2M	$798.0M
Total Long-Term Liabilities	$26.80M	$22.30M
Total Liabilities	$4.632B	$4.850B
YoY Change	-4.5%
SHAREHOLDERS EQUITY
Retained Earnings	-$103.1M	-$181.4M
YoY Change	-43.16%
Common Stock	$1.493B	$1.376B
YoY Change	8.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.134B	$978.9M
YoY Change
Total Liabilities & Shareholders Equity	$5.833B	$5.898B
YoY Change	-1.11%

Cashflow Statement

Concept	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	$31.90M	$45.10M
YoY Change	-29.27%	-1148.84%
Depreciation, Depletion And Amortization	$41.70M	$41.30M
YoY Change	0.97%	-14.67%
Cash From Operating Activities	-$13.30M	-$98.70M
YoY Change	-86.52%	46.88%
INVESTING ACTIVITIES
Capital Expenditures	$40.30M	$31.50M
YoY Change	27.94%	-37.25%
Acquisitions	$0.00	$3.200M
YoY Change	-100.0%
Other Investing Activities	$2.900M	-$2.700M
YoY Change	-207.41%	22.73%
Cash From Investing Activities	-$43.20M	-$30.20M
YoY Change	43.05%	-42.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$6.900M	$6.800M
YoY Change	1.47%
Cash From Financing Activities	-7.000M	-19.70M
YoY Change	-64.47%	-715.63%
NET CHANGE
Cash From Operating Activities	-13.30M	-98.70M
Cash From Investing Activities	-43.20M	-30.20M
Cash From Financing Activities	-7.000M	-19.70M
Net Change In Cash	-63.50M	-148.6M
YoY Change	-57.27%	27.66%
FREE CASH FLOW
Cash From Operating Activities	-$13.30M	-$98.70M
Capital Expenditures	$40.30M	$31.50M
Free Cash Flow	-$53.60M	-$130.2M
YoY Change	-58.83%	10.9%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2015Q1	axta	Adjusted Earnings Before Interest Tax Depreciation And Amortization AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization	182000000	USD
CY2016Q1	axta	Adjusted Earnings Before Interest Tax Depreciation And Amortization AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization	194800000	USD
CY2015Q1	axta	Bad Debt Expense Net Of Recoveries BadDebtExpenseNetOfRecoveries	700000	USD
CY2016Q1	axta	Bad Debt Expense Net Of Recoveries BadDebtExpenseNetOfRecoveries	100000	USD
CY2015Q1	axta	Cumulative Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax Benefits CumulativeOtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTaxBenefits	-14100000	USD
CY2016Q1	axta	Cumulative Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax Benefits CumulativeOtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTaxBenefits	-13400000	USD
CY2015Q1	axta	Cumulative Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax CumulativeOtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	-1600000	USD
CY2016Q1	axta	Cumulative Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax CumulativeOtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	-2700000	USD
CY2014Q3	axta	Debt Instrument Covenant Maximum Consolidated Leverage Ratio DebtInstrumentCovenantMaximumConsolidatedLeverageRatio	4.50
CY2014Q1	axta	Debt Instrument Percentof Credit Facility Outstandingfor Financial Covenanttobe Applicable DebtInstrumentPercentofCreditFacilityOutstandingforFinancialCovenanttobeApplicable	0.25
CY2014Q1	axta	Debt Instrument Percentof Lettersof Creditnot Cash Collateralizedfor Financial Covenanttobe Applicable DebtInstrumentPercentofLettersofCreditnotCashCollateralizedforFinancialCovenanttobeApplicable	1.03
CY2014Q1	axta	Decrease In Percentage On Excess Cash Flow For Mandatory Prepayments Of Debt DecreaseInPercentageOnExcessCashFlowForMandatoryPrepaymentsOfDebt	0.25
CY2015Q1	axta	Defined Benefit Plan Other Adjustments DefinedBenefitPlanOtherAdjustments	-200000	USD
CY2016Q1	axta	Defined Benefit Plan Other Adjustments DefinedBenefitPlanOtherAdjustments	-600000	USD
CY2016Q1	axta	Employee Service Sharebased Compensation Future Tax Benefit To Be Realizedfrom Exercisesof Options Duringthe Period EmployeeServiceSharebasedCompensationFutureTaxBenefitToBeRealizedfromExercisesofOptionsDuringthePeriod	1200000	USD
CY2015Q1	axta	Employee Termination And Other Related Costs EmployeeTerminationAndOtherRelatedCosts	3700000	USD
CY2016Q1	axta	Employee Termination And Other Related Costs EmployeeTerminationAndOtherRelatedCosts	1900000	USD
CY2014Q1	axta	First Lien Leverage Ratio Lower Limit FirstLienLeverageRatioLowerLimit	3.50
CY2014Q1	axta	First Lien Leverage Ratio Upper Limit FirstLienLeverageRatioUpperLimit	4.25
CY2015Q1	axta	Income Loss From Continuing Operations Before Interest Income Tax Depreciation And Amortization IncomeLossFromContinuingOperationsBeforeInterestIncomeTaxDepreciationAndAmortization	170500000	USD
CY2016Q1	axta	Income Loss From Continuing Operations Before Interest Income Tax Depreciation And Amortization IncomeLossFromContinuingOperationsBeforeInterestIncomeTaxDepreciationAndAmortization	171300000	USD
CY2013Q4	axta	Number Of Interest Rate Swaps NumberOfInterestRateSwaps	5	Interest_Rate_Swaps
CY2016Q1	axta	Numberof Builtto Suit Lease Arrangements NumberofBuilttoSuitLeaseArrangements	2	lease
CY2015Q1	axta	Offering Costs OfferingCosts	1400000	USD
CY2016Q1	axta	Offering Costs OfferingCosts	0	USD
CY2015Q1	axta	Other Adjustments OtherAdjustments	-3900000	USD
CY2016Q1	axta	Other Adjustments OtherAdjustments	1800000	USD
CY2014Q1	axta	Percentage On Excess Cash Flow For Mandatory Prepayments Of Debt PercentageOnExcessCashFlowForMandatoryPrepaymentsOfDebt	0.5
CY2014Q1	axta	Percentage On First Lien Leverage Ratio For Mandatory Prepayments Of Debt PercentageOnFirstLienLeverageRatioForMandatoryPrepaymentsOfDebt	0
CY2015Q1	axta	Proceeds From Stock Options Exercisedand Tax Benefits ProceedsFromStockOptionsExercisedandTaxBenefits	0	USD
CY2016Q1	axta	Proceeds From Stock Options Exercisedand Tax Benefits ProceedsFromStockOptionsExercisedandTaxBenefits	6700000	USD
CY2016Q1	axta	Sharebased Compensation Arrangementby Sharebased Payment Award Forfeiture Rate SharebasedCompensationArrangementbySharebasedPaymentAwardForfeitureRate	0
CY2015Q4	axta	Shorttermand Other Borrowings ShorttermandOtherBorrowings	26500000	USD
CY2016Q1	axta	Shorttermand Other Borrowings ShorttermandOtherBorrowings	33200000	USD
CY2016Q1	dei	Amendment Flag AmendmentFlag	false
CY2016Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001616862
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	238781495	shares
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	Axalta Coating Systems Ltd.
CY2016Q1	dei	Trading Symbol TradingSymbol	AXTA
CY2015Q4	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	75600000	USD
CY2016Q1	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	82700000	USD
CY2015Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	454700000	USD
CY2016Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	419800000	USD
CY2015Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	647200000	USD
CY2016Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	681400000	USD
CY2015Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	472400000	USD
CY2016Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	517100000	USD
CY2015Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-269300000	USD
CY2016Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-255500000	USD
CY2015Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1238800000	USD
CY2016Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1255500000	USD
CY2015Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1800000	USD
CY2016Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	10200000	USD
CY2015Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1800000	USD
CY2016Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	10200000	USD
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	10700000	USD
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	11000000	USD
CY2015Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	5000000	USD
CY2016Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	5100000	USD
CY2015Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	20000000	USD
CY2016Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	20200000	USD
CY2016Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1900000	shares
CY2015Q4	us-gaap	Assets Assets	5854200000	USD
CY2016Q1	us-gaap	Assets Assets	5833100000	USD
CY2015Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	238500000	shares
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1.00
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	237900000	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	237900000	shares
CY2015Q4	us-gaap	Assets Current AssetsCurrent	1917300000	USD
CY2016Q1	us-gaap	Assets Current AssetsCurrent	1878000000	USD
CY2015Q4	us-gaap	Available For Sale Securities AvailableForSaleSecurities	4200000	USD
CY2016Q1	us-gaap	Available For Sale Securities AvailableForSaleSecurities	3900000	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	382100000	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	222900000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	485000000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	419500000	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-148600000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-63600000	USD
CY2015Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1.00
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	1000000000	shares
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	1000000000	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	238500000	shares
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	237000000	USD
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	237200000	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-67000000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	43500000	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	1200000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	900000	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-65800000	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	44400000	USD
CY2015Q1	us-gaap	Cost Of Goods Sold CostOfGoodsSold	649800000	USD
CY2016Q1	us-gaap	Cost Of Goods Sold CostOfGoodsSold	606400000	USD
CY2015Q4	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	3441500000	USD
CY2016Q1	us-gaap	Debt And Capital Lease Obligations DebtAndCapitalLeaseObligations	3458800000	USD
CY2015Q4	us-gaap	Debt Current DebtCurrent	50100000	USD
CY2016Q1	us-gaap	Debt Current DebtCurrent	53700000	USD
CY2015Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	14000000	USD
CY2016Q1	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	13200000	USD
CY2015Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	65900000	USD
CY2016Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	62400000	USD
CY2015Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-17200000	USD
CY2016Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-2400000	USD
CY2015Q4	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	69500000	USD
CY2016Q1	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	54900000	USD
CY2015Q4	us-gaap	Deferred Tax Liabilities Current DeferredTaxLiabilitiesCurrent	6600000	USD
CY2015Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	165500000	USD
CY2016Q1	us-gaap	Deferred Tax Liabilities Current DeferredTaxLiabilitiesCurrent	7100000	USD
CY2016Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	166800000	USD
CY2015Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-10600000	USD
CY2015Q1	us-gaap	Depreciation Depreciation	41300000	USD
CY2016Q1	us-gaap	Depreciation Depreciation	41700000	USD
CY2015Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	72600000	USD
CY2016Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	76000000	USD
CY2015Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.20
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.13
CY2015Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.19
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.12
CY2016Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-1900000	USD
CY2015Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.025
CY2016Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.323
CY2016Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	10200000	USD
CY2015Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	500000	USD
CY2016Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	3900000	USD
CY2016Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions	4700000	USD
CY2015Q1	us-gaap	Equity Method Investments EquityMethodInvestments	10500000	USD
CY2016Q1	us-gaap	Equity Method Investments EquityMethodInvestments	15600000	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	229000000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	250200000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	60400000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	80000000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	80100000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	80100000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	80200000	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1420600000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	1427400000	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1191600000	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1177200000	USD
CY2015Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-4800000	USD
CY2016Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-7500000	USD
CY2015Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-8700000	USD
CY2016Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-7500000	USD
CY2015Q4	us-gaap	Goodwill Goodwill	928200000	USD
CY2016Q1	us-gaap	Goodwill Goodwill	942100000	USD
CY2016Q1	us-gaap	Goodwill Translation Adjustments GoodwillTranslationAdjustments	13900000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	47900000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	45200000	USD
CY2015Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	400000	USD
CY2016Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	200000	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1200000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14600000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	53500000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	26500000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-91100000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-74200000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-4700000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-3400000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1000000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-16600000	USD
CY2015Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	36300000	USD
CY2016Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	13800000	USD
CY2015Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-1800000	USD
CY2016Q1	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	100000	USD
CY2015Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	25900000	USD
CY2016Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	7500000	USD
CY2015Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1191600000	USD
CY2016Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1177200000	USD
CY2015Q1	us-gaap	Interest Expense InterestExpense	50000000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	50100000	USD
CY2015Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	313100000	USD
CY2016Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	319800000	USD
CY2015Q4	us-gaap	Inventory Net InventoryNet	530700000	USD
CY2016Q1	us-gaap	Inventory Net InventoryNet	543400000	USD
CY2015Q4	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	129100000	USD
CY2016Q1	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	132900000	USD
CY2015Q4	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	20800000	USD
CY2016Q1	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	21200000	USD
CY2015Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	88500000	USD
CY2016Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	90700000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	4713000000	USD
CY2016Q1	us-gaap	Liabilities Liabilities	4632100000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5854200000	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5833100000	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	881600000	USD
CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	781200000	USD
CY2014Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	400000000	USD
CY2016Q1	us-gaap	Long Term Debt LongTermDebt	3516700000	USD
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	3391400000	USD
CY2016Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	3405100000	USD
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	27400000	USD
CY2016Q1	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	27500000	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	32400000	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive	1029900000	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive	2368900000	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour	27700000	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	28200000	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	29600000	USD
CY2015Q4	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	0	USD
CY2016Q1	us-gaap	Loss Contingency Accrual At Carrying Value LossContingencyAccrualAtCarryingValue	0	USD
CY2015Q4	us-gaap	Minority Interest MinorityInterest	67500000	USD
CY2016Q1	us-gaap	Minority Interest MinorityInterest	66900000	USD
CY2015Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	3500000	USD
CY2016Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	1500000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-19700000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-2300000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-30200000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-43300000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-98700000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-18000000	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	45100000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	29700000	USD
CY2015Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1600000	USD
CY2016Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	900000	USD
CY2015Q1	us-gaap	Noncontrolling Interest Increase From Business Combination NoncontrollingInterestIncreaseFromBusinessCombination	4300000	USD
CY2015Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-3900000	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-8000000	USD
CY2015Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	43000000	USD
CY2016Q1	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	28600000	USD
CY2016Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	Segment
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	101800000	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	103300000	USD
CY2015Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	370200000	USD
CY2016Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	300600000	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	434200000	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	458300000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-115100000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	13000000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-109600000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	15700000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-112500000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	13800000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax	-1200000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax	-100000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	800000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	0	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-2600000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-800000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-4800000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-2200000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	-1800000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	-800000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	500000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-400000	USD
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	22200000	USD
CY2016Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	26800000	USD
CY2015Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-100000	USD
CY2016Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	3000000	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	4800000	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-500000	USD
CY2015Q1	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	8300000	USD
CY2016Q1	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	6000000	USD
CY2015Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-2700000	USD
CY2016Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	2900000	USD
CY2016Q1	us-gaap	Payments For Restructuring PaymentsForRestructuring	11700000	USD
CY2015Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	3500000	USD
CY2016Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	1500000	USD
CY2015Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	3200000	USD
CY2016Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	31500000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	40300000	USD
CY2015Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	252300000	USD
CY2016Q1	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	252200000	USD
CY2015Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	63600000	USD
CY2016Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	64700000	USD
CY2014Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Other Investments ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments	25000000.0	USD
CY2015Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-200000	USD
CY2016Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-300000	USD
CY2015Q1	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	1500000	USD
CY2016Q1	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	0	USD
CY2015Q1	us-gaap	Professional Fees ProfessionalFees	3100000	USD
CY2016Q1	us-gaap	Professional Fees ProfessionalFees	3000000	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	46700000	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	30600000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1855300000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1894600000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1382900000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1377500000	USD
CY2015Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	765800000	USD
CY2016Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	792700000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	6800000	USD
CY2016Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	6900000	USD
CY2015Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	10700000	USD
CY2016Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	300000	USD
CY2015Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	12900000	USD
CY2016Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	12600000	USD
CY2015Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	2700000	USD
CY2016Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	2800000	USD
CY2015Q1	us-gaap	Restructuring Charges RestructuringCharges	2200000	USD
CY2016Q1	us-gaap	Restructuring Charges RestructuringCharges	500000	USD
CY2015Q4	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	41300000	USD
CY2016Q1	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	30800000	USD
CY2016Q1	us-gaap	Restructuring Reserve Translation And Other Adjustment RestructuringReserveTranslationAndOtherAdjustment	700000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-132800000	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-103100000	USD
CY2015Q1	us-gaap	Revenues Revenues	997500000	USD
CY2016Q1	us-gaap	Revenues Revenues	961600000	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	989200000	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	955600000	USD
CY2015Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	213000000	USD
CY2016Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	219100000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1800000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	10200000	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	3600000	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	300000	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	1100000	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	1100000	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	5.68
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	11000000	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	11600000	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.19
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	13.36
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue	179900000	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber	9300000	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice	9.81
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue	186700000	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	11600000	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	13.36
CY2016Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	9.22
CY2016Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	7.65
CY2016Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	23.24
CY2016Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	23.24
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P7Y4M11D
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P7Y9M11D
CY2015Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	22700000	USD
CY2016Q1	us-gaap	Short Term Borrowings ShortTermBorrowings	26200000	USD
CY2016Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	200000	shares
CY2015Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	-600000	USD
CY2016Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	6700000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	1073700000	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	1134100000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1112000000	USD
CY2015Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1048200000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1141200000	USD
CY2016Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1201000000	USD
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	237000000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	241600000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	229800000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	237100000	shares
CY2016Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;padding-left:30px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BASIS OF PRESENTATION OF THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The interim condensed consolidated financial statements included herein are unaudited. In the opinion of management, these statements include all adjustments, consisting only of normal, recurring adjustments, necessary for a fair statement of the financial position of Axalta Coating Systems Ltd., a Bermuda exempted company limited by shares, and its consolidated subsidiaries ("Axalta," the "Company," "we," "our" and "us") at </font><font style="font-family:inherit;font-size:10pt;">March 31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;">, the results of operations and comprehensive income (loss) for the </font><font style="font-family:inherit;font-size:10pt;">three months ended March 31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, and their cash flows for the three months then ended. All intercompany balances and transactions have been eliminated. These interim unaudited condensed consolidated financial statements should be read in conjunction with the consolidated and combined financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;">. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying financial statements include the interim unaudited condensed consolidated balance sheets of Axalta at March 31, 2016 and December 31, 2015, the related interim unaudited condensed consolidated statements of operations and statements of comprehensive income (loss) for the three months ended March 31, 2016 and 2015 and of cash flows for the three months ended March 31, 2016 and 2015. The interim unaudited condensed consolidated financial statements include the accounts of Axalta and its subsidiaries, and entities in which a controlling interest is maintained. Certain of our joint ventures are accounted for on a one-month lag basis, the effect of which is not material.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The results of operations for the </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">three months ended March 31, 2016</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results to be expected for a full year.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">The Acquisition</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The acquisition ("Acquisition") by Axalta and certain of its indirect subsidiaries of all the capital stock, other equity interests and assets of certain entities which, together with their subsidiaries, comprised the assets and legal entities, which together with their subsidiaries, compromised the DuPont Performance Coatings business ("DPC"), which was formerly owned by E. I. du Pont de Nemours and Company ("DuPont"), closed on February 1, 2013. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">The Carlyle Offerings</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On November 11, 2014, we priced our initial public offering (the "Offering", or the "IPO"), in which certain selling shareholders affiliated with Carlyle sold </font><font style="font-family:inherit;font-size:10pt;">57,500,000</font><font style="font-family:inherit;font-size:10pt;"> common shares at a price of </font><font style="font-family:inherit;font-size:10pt;">$19.50</font><font style="font-family:inherit;font-size:10pt;"> per share.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, we completed a secondary offering (the "Secondary Offering") in which Carlyle sold an aggregate of </font><font style="font-family:inherit;font-size:10pt;">46,000,000</font><font style="font-family:inherit;font-size:10pt;"> common shares at a price of </font><font style="font-family:inherit;font-size:10pt;">$28.00</font><font style="font-family:inherit;font-size:10pt;"> per share. In addition, Carlyle sold </font><font style="font-family:inherit;font-size:10pt;">20,000,000</font><font style="font-family:inherit;font-size:10pt;"> common shares in a private placement to an affiliate of Berkshire Hathaway Inc. (together with the Secondary Offering, the "April 2015 Secondary Offerings") for </font><font style="font-family:inherit;font-size:10pt;">$28.00</font><font style="font-family:inherit;font-size:10pt;"> per share. Following these sales, Carlyle ceased to control a majority of our common shares.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2015, we completed a secondary offering (together with the IPO and the April 2015 Secondary Offerings, the "Carlyle Offerings") in which Carlyle sold an aggregate of </font><font style="font-family:inherit;font-size:10pt;">34,500,000</font><font style="font-family:inherit;font-size:10pt;"> common shares at a public offering price of </font><font style="font-family:inherit;font-size:10pt;">$29.75</font><font style="font-family:inherit;font-size:10pt;"> per share.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We did </font><font style="font-family:inherit;font-size:10pt;">no</font><font style="font-family:inherit;font-size:10pt;">t receive any proceeds from the sale of common shares in any of the Carlyle Offerings.</font></div></div>

Files In Submission

Name	View Source	Status
0001616862-16-000055-index-headers.html	Edgar Link	pending
0001616862-16-000055-index.html	Edgar Link	pending
0001616862-16-000055.txt	Edgar Link	pending
0001616862-16-000055-xbrl.zip	Edgar Link	pending
a201633110-q.htm	Edgar Link	pending
axta-20160331.xml	Edgar Link	completed
axta-20160331.xsd	Edgar Link	pending
axta-20160331_cal.xml	Edgar Link	unprocessable
axta-20160331_def.xml	Edgar Link	unprocessable
axta-20160331_lab.xml	Edgar Link	unprocessable
axta-20160331_pre.xml	Edgar Link	unprocessable
exhibit1061201610-q.htm	Edgar Link	pending
exhibit1062201610-q.htm	Edgar Link	pending
exhibit1063201610-q.htm	Edgar Link	pending
exhibit1064201610-q.htm	Edgar Link	pending
exhibit1065201610-q.htm	Edgar Link	pending
exhibit1067201610qimage1a01.gif	Edgar Link	pending
exhibit1068201610qimage1.gif	Edgar Link	pending
exhibit311201610-q.htm	Edgar Link	pending
exhibit312201610-q.htm	Edgar Link	pending
exhibit321201610-q.htm	Edgar Link	pending
exhibit322201610-q.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R69.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R70.htm	Edgar Link	pending
R71.htm	Edgar Link	pending
R72.htm	Edgar Link	pending
R73.htm	Edgar Link	pending
R74.htm	Edgar Link	pending
R75.htm	Edgar Link	pending
R76.htm	Edgar Link	pending
R77.htm	Edgar Link	pending
R78.htm	Edgar Link	pending
R79.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R80.htm	Edgar Link	pending
R81.htm	Edgar Link	pending
R82.htm	Edgar Link	pending
R83.htm	Edgar Link	pending
R84.htm	Edgar Link	pending
R85.htm	Edgar Link	pending
R86.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$AXTA
Axalta Coating Systems Ltd. Stock $axta

2016 Q1 Form 10-Q Financial Statement

#000161686216000055 Filed on April 28, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AXTA Axalta Coating Systems Ltd. Stock $axta

2016 Q1 Form 10-Q Financial Statement

#000161686216000055 Filed on April 28, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AXTA
Axalta Coating Systems Ltd. Stock $axta