$AXTA
Axalta Coating Systems Ltd. Stock $axta

$axta Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000161686217000032 Filed on April 26, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$1.014B	$963.2M
YoY Change	5.24%	-3.44%
Cost Of Revenue	$641.4M	$606.4M
YoY Change	5.77%	-6.68%
Gross Profit	$372.3M	$356.8M
YoY Change	4.34%	2.62%
Gross Profit Margin	36.73%	37.04%
Selling, General & Admin	$224.6M	$219.1M
YoY Change	2.51%	2.86%
% of Gross Profit	60.33%	61.41%
Research & Development	$15.60M	$12.60M
YoY Change	23.81%	-2.33%
% of Gross Profit	4.19%	3.53%
Depreciation & Amortization	$43.30M	$41.70M
YoY Change	3.84%	0.97%
% of Gross Profit	11.63%	11.69%
Operating Expenses	$240.2M	$231.7M
YoY Change	3.67%	2.57%
Operating Profit	$110.4M	$103.3M
YoY Change	6.87%	1.47%
Interest Expense	$35.80M	$50.10M
YoY Change	-28.54%	0.2%
% of Operating Profit	32.43%	48.5%
Other Income/Expense, Net	$1.200M	-$8.000M
YoY Change	-115.0%	105.13%
Pretax Income	$75.80M	$45.20M
YoY Change	67.7%	-5.64%
Income Tax	$9.900M	$13.40M
% Of Pretax Income	13.06%	29.65%
Net Earnings	$64.10M	$31.90M
YoY Change	100.94%	-29.27%
Net Earnings / Revenue	6.32%	3.31%
Basic Earnings Per Share	$0.27	$0.13
Diluted Earnings Per Share	$0.26	$0.13
COMMON SHARES
Basic Shares Outstanding	239.8M shares	237.1M shares
Diluted Shares Outstanding	246.1M shares	243.4M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$439.1M	$419.5M
YoY Change	4.67%	88.2%
Cash & Equivalents	$439.1M	$419.5M
Short-Term Investments
Other Short-Term Assets	$65.00M	$122.4M
YoY Change	-46.9%	-20.31%
Inventory	$559.1M	$543.4M
Prepaid Expenses	$62.10M	$64.70M
Receivables	$735.2M	$681.4M
Other Receivables	$137.0M	$111.3M
Total Short-Term Assets	$1.935B	$1.878B
YoY Change	3.06%	7.27%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.334B	$1.378B
YoY Change	-3.13%	-2.42%
Goodwill	$1.016B	$942.1M
YoY Change	7.85%	2.76%
Intangibles	$1.152B	$1.177B
YoY Change	-2.18%	-5.58%
Long-Term Investments	$14.20M	$15.60M
YoY Change	-8.97%	48.57%
Other Assets	$523.0M	$458.3M
YoY Change	14.12%	-5.6%
Total Long-Term Assets	$4.025B	$3.955B
YoY Change	1.77%	-4.64%
TOTAL ASSETS
Total Short-Term Assets	$1.935B	$1.878B
Total Long-Term Assets	$4.025B	$3.955B
Total Assets	$5.960B	$5.833B
YoY Change	2.18%	-1.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$456.7M	$419.8M
YoY Change	8.79%	-8.4%
Accrued Expenses	$363.9M	$300.6M
YoY Change	21.06%	3.05%
Deferred Revenue
YoY Change
Short-Term Debt	$9.200M	$26.20M
YoY Change	-64.89%	83.22%
Long-Term Debt Due	$19.80M	$27.50M
YoY Change	-28.0%	0.73%
Total Short-Term Liabilities	$851.5M	$781.2M
YoY Change	9.0%	-2.11%
LONG-TERM LIABILITIES
Long-Term Debt	$3.278B	$3.405B
YoY Change	-3.72%	-4.53%
Other Long-Term Liabilities	$32.90M	$26.80M
YoY Change	22.76%	20.18%
Total Long-Term Liabilities	$32.90M	$26.80M
YoY Change	22.76%	20.18%
TOTAL LIABILITIES
Total Short-Term Liabilities	$851.5M	$781.2M
Total Long-Term Liabilities	$32.90M	$26.80M
Total Liabilities	$4.577B	$4.632B
YoY Change	-1.2%	-4.5%
SHAREHOLDERS EQUITY
Retained Earnings	$17.00M	-$103.1M
YoY Change	-116.49%	-43.16%
Common Stock	$1.553B	$1.493B
YoY Change	4.03%	8.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.260B	$1.134B
YoY Change
Total Liabilities & Shareholders Equity	$5.960B	$5.833B
YoY Change	2.18%	-1.11%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	$64.10M	$31.90M
YoY Change	100.94%	-29.27%
Depreciation, Depletion And Amortization	$43.30M	$41.70M
YoY Change	3.84%	0.97%
Cash From Operating Activities	-$4.700M	-$13.30M
YoY Change	-64.66%	-86.52%
INVESTING ACTIVITIES
Capital Expenditures	$32.30M	$40.30M
YoY Change	-19.85%	27.94%
Acquisitions	$56.90M	$0.00
YoY Change		-100.0%
Other Investing Activities	$200.0K	$2.900M
YoY Change	-93.1%	-207.41%
Cash From Investing Activities	-$89.40M	-$43.20M
YoY Change	106.94%	43.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00
YoY Change
Debt Paid & Issued, Net	$5.000M	$6.900M
YoY Change	-27.54%	1.47%
Cash From Financing Activities	-4.600M	-7.000M
YoY Change	-34.29%	-64.47%
NET CHANGE
Cash From Operating Activities	-4.700M	-13.30M
Cash From Investing Activities	-89.40M	-43.20M
Cash From Financing Activities	-4.600M	-7.000M
Net Change In Cash	-98.70M	-63.50M
YoY Change	55.43%	-57.27%
FREE CASH FLOW
Cash From Operating Activities	-$4.700M	-$13.30M
Capital Expenditures	$32.30M	$40.30M
Free Cash Flow	-$37.00M	-$53.60M
YoY Change	-30.97%	-58.83%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2017Q1	axta	Adjusted Earnings Before Interest Tax Depreciation And Amortization AdjustedEarningsBeforeInterestTaxDepreciationAndAmortization	203100000	USD
CY2015Q4	axta	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	487700000	USD
CY2016Q1	axta	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	422300000	USD
CY2016Q4	axta	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	538100000	USD
CY2017Q1	axta	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	442000000	USD
CY2016Q1	axta	Cumulative Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax Benefits CumulativeOtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTaxBenefits	13400000	USD
CY2017Q1	axta	Cumulative Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax Benefits CumulativeOtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTaxBenefits	19200000	USD
CY2016Q1	axta	Cumulative Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax CumulativeOtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	2700000	USD
CY2017Q1	axta	Cumulative Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax CumulativeOtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	800000	USD
CY2015	axta	Debt Instrument Covenant Maximum Consolidated Leverage Ratio DebtInstrumentCovenantMaximumConsolidatedLeverageRatio	4.50
CY2016Q4	axta	Decrease In Percentage On Excess Cash Flow For Mandatory Prepayments Of Debt DecreaseInPercentageOnExcessCashFlowForMandatoryPrepaymentsOfDebt	0.25
CY2016Q1	axta	Deferredacquisitionrelatedconsideration Deferredacquisitionrelatedconsideration	0	USD
CY2017Q1	axta	Deferredacquisitionrelatedconsideration Deferredacquisitionrelatedconsideration	3400000	USD
CY2016Q1	axta	Defined Benefit Plan Other Adjustments DefinedBenefitPlanOtherAdjustments	-600000	USD
CY2017Q1	axta	Defined Benefit Plan Other Adjustments DefinedBenefitPlanOtherAdjustments	-400000	USD
CY2016Q1	axta	Employee Termination And Other Related Costs EmployeeTerminationAndOtherRelatedCosts	1900000	USD
CY2017Q1	axta	Employee Termination And Other Related Costs EmployeeTerminationAndOtherRelatedCosts	800000	USD
CY2016Q3	axta	First Lien Leverage Ratio Lower Limit FirstLienLeverageRatioLowerLimit	2.50
CY2016Q3	axta	First Lien Leverage Ratio Lower Limit FirstLienLeverageRatioLowerLimit	5.50
CY2016Q4	axta	First Lien Leverage Ratio Lower Limit FirstLienLeverageRatioLowerLimit	3.50
CY2016Q3	axta	First Lien Leverage Ratio Upper Limit FirstLienLeverageRatioUpperLimit	3.00
CY2016Q4	axta	First Lien Leverage Ratio Upper Limit FirstLienLeverageRatioUpperLimit	4.25
CY2016Q1	axta	Income Loss From Continuing Operations Before Interest Income Tax Depreciation And Amortization IncomeLossFromContinuingOperationsBeforeInterestIncomeTaxDepreciationAndAmortization	171300000	USD
CY2017Q1	axta	Income Loss From Continuing Operations Before Interest Income Tax Depreciation And Amortization IncomeLossFromContinuingOperationsBeforeInterestIncomeTaxDepreciationAndAmortization	194000000	USD
CY2013Q4	axta	Number Of Interest Rate Swaps NumberOfInterestRateSwaps	5	Interest_Rate_Swaps
CY2016Q1	axta	Other Adjustments OtherAdjustments	1800000	USD
CY2017Q1	axta	Other Adjustments OtherAdjustments	200000	USD
CY2016Q4	axta	Percentage On Excess Cash Flow For Mandatory Prepayments Of Debt PercentageOnExcessCashFlowForMandatoryPrepaymentsOfDebt	0.5
CY2016Q4	axta	Percentage On First Lien Leverage Ratio For Mandatory Prepayments Of Debt PercentageOnFirstLienLeverageRatioForMandatoryPrepaymentsOfDebt	0
CY2017Q1	axta	Sharebased Compensation Tax Benefit Realizedfrom Exercisesand Vestingof Sharebased Awards SharebasedCompensationTaxBenefitRealizedfromExercisesandVestingofSharebasedAwards	5800000	USD
CY2016Q4	axta	Shorttermand Other Borrowings ShorttermandOtherBorrowings	39800000	USD
CY2017Q1	axta	Shorttermand Other Borrowings ShorttermandOtherBorrowings	51300000	USD
CY2016Q1	axta	Transactionalcostsgains Transactionalcostsgains	0	USD
CY2017Q1	axta	Transactionalcostsgains Transactionalcostsgains	-1000000	USD
CY2017Q1	dei	Amendment Flag AmendmentFlag	false
CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001616862
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	242100966	shares
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	Axalta Coating Systems Ltd.
CY2017Q1	dei	Trading Symbol TradingSymbol	AXTA
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CY2017Q1	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	88600000	USD
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CY2017Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	735200000	USD
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CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-350400000	USD
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CY2016Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1294300000	USD
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CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	13700000	USD
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CY2016Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	5100000	USD
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CY2016Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1900000	shares
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-98700000	USD
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
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CY2017Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1600000	shares
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CY2016Q4	us-gaap	Available For Sale Securities AvailableForSaleSecurities	4400000	USD
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CY2017Q1	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	1700000	USD
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CY2017Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets	62600000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	419500000	USD
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CY2017Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	77300000	USD
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CY2017Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	84700000	USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	86100000	USD
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CY2017Q1	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	22200000	USD
CY2016Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-7500000	USD
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CY2016Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-7500000	USD
CY2017Q1	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	1200000	USD
CY2016Q4	us-gaap	Goodwill Goodwill	961000000	USD
CY2017Q1	us-gaap	Goodwill Goodwill	1016100000	USD
CY2017Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	33200000	USD
CY2017Q1	us-gaap	Goodwill Translation Adjustments GoodwillTranslationAdjustments	21900000	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	45200000	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	75800000	USD
CY2016Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	200000	USD
CY2017Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	200000	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13400000	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	9900000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	26500000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts And Notes Receivable IncreaseDecreaseInAccountsAndNotesReceivable	62500000	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-16600000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-800000	USD
CY2016Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	7500000	USD
CY2017Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	11200000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-69900000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-54800000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-3400000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-4700000	USD
CY2016Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	13800000	USD
CY2017Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	27500000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1130300000	USD
CY2017Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1151500000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	50100000	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	35800000	USD
CY2016Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	315200000	USD
CY2017Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	326200000	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	529700000	USD
CY2017Q1	us-gaap	Inventory Net InventoryNet	559100000	USD
CY2016Q4	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	127000000	USD
CY2017Q1	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	139300000	USD
CY2016Q4	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	20200000	USD
CY2017Q1	us-gaap	Inventory Supplies Net Of Reserves InventorySuppliesNetOfReserves	21400000	USD
CY2016Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	87500000	USD
CY2017Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	93600000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	4597200000	USD
CY2017Q1	us-gaap	Liabilities Liabilities	4576600000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5854800000	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5960400000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	919700000	USD
CY2017Q1	us-gaap	Liabilities Current LiabilitiesCurrent	851500000	USD
CY2017Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	400000000.0	USD
CY2017Q1	us-gaap	Long Term Debt LongTermDebt	3334900000	USD
CY2016Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	3236000000	USD
CY2017Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	3278300000	USD
CY2016Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	19600000	USD
CY2017Q1	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	19800000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	24200000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive	3227800000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive	20400000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Rolling Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour	20500000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	20600000	USD
CY2017Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	21400000	USD
CY2016Q4	us-gaap	Minority Interest MinorityInterest	121500000	USD
CY2017Q1	us-gaap	Minority Interest MinorityInterest	123800000	USD
CY2016Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	1500000	USD
CY2017Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	400000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-7000000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-4600000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-43200000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-89400000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-13300000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-4700000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	30900000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	64100000	USD
CY2016Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	900000	USD
CY2017Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1800000	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-8000000	USD
CY2017Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	1600000	USD
CY2016Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	68700000	USD
CY2017Q1	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	48400000	USD
CY2017Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	Segment
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	103300000	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	110000000	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	417600000	USD
CY2017Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	365800000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	527800000	USD
CY2017Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	523000000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	13000000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	41700000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	15700000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	40600000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	13800000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	41500000	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
CY2017Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax	500000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	0	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	-100000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-800000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	200000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	800000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-2200000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	600000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	300000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	-400000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	0	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	32200000	USD
CY2017Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	32900000	USD
CY2016Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	2900000	USD
CY2017Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	300000	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-500000	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	400000	USD
CY2016Q1	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	6000000	USD
CY2017Q1	us-gaap	Other Sales Revenue Net OtherSalesRevenueNet	5900000	USD
CY2016Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	2900000	USD
CY2017Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	200000	USD
CY2017Q1	us-gaap	Payments For Restructuring PaymentsForRestructuring	7600000	USD
CY2016Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	1500000	USD
CY2017Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	400000	USD
CY2016Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
CY2017Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	2300000	USD
CY2016Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2017Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	56900000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	40300000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	32300000	USD
CY2016Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	249100000	USD
CY2017Q1	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	252000000	USD
CY2016Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	50300000	USD
CY2017Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	62100000	USD
CY2016Q4	us-gaap	Proceeds From Maturities Prepayments And Calls Of Other Investments ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments	75000000	USD
CY2016Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-300000	USD
CY2017Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	0	USD
CY2016Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2000000	USD
CY2017Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	8800000	USD
CY2016Q1	us-gaap	Professional Fees ProfessionalFees	3000000	USD
CY2017Q1	us-gaap	Professional Fees ProfessionalFees	-100000	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	31800000	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	65900000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1933000000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2005100000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1315700000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1334400000	USD
CY2016Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	100000	USD
CY2017Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	700000	USD
CY2016Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	801900000	USD
CY2017Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	872200000	USD
CY2016Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	6900000	USD
CY2016Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	300000	USD
CY2016Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	2800000	USD
CY2016Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	2700000	USD
CY2017Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	2300000	USD
CY2017Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	2900000	USD
CY2017Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	5000000	USD
CY2016Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	12600000	USD
CY2017Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	15600000	USD
CY2016Q1	us-gaap	Restructuring Charges RestructuringCharges	500000	USD
CY2017Q1	us-gaap	Restructuring Charges RestructuringCharges	1000000	USD
CY2017Q1	us-gaap	Restructuring Reserve Accelerated Depreciation RestructuringReserveAcceleratedDepreciation	2200000	USD
CY2016Q4	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	66100000	USD
CY2017Q1	us-gaap	Restructuring Reserve Current RestructuringReserveCurrent	61300000	USD
CY2017Q1	us-gaap	Restructuring Reserve Translation And Other Adjustment RestructuringReserveTranslationAndOtherAdjustment	1800000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-47100000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	17000000	USD
CY2016Q1	us-gaap	Revenues Revenues	961600000	USD
CY2017Q1	us-gaap	Revenues Revenues	1013700000	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	955600000	USD
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	1007800000	USD
CY2016Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	219100000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	225300000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	10200000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	10400000	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	100000	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	900000	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	9600000	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	9500000	shares
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	14.40
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	16.08
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue	144800000	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber	7200000	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice	12.21
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue	153700000	USD
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	9500000	shares
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	16.08
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	10.09
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	23.38
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	29.48
CY2017Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1	P6Y6M11D
CY2017Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P7Y1M14D
CY2016Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	8300000	USD
CY2017Q1	us-gaap	Short Term Borrowings ShortTermBorrowings	9200000	USD
CY2017Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	900000	shares
CY2016Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	6700000	USD
CY2017Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	8800000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	1136100000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	1260000000	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	1246100000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1257600000	USD
CY2017Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1383800000	USD
CY2016Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1185100000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	243400000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	246100000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	237100000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	239800000	shares
CY2017Q1	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, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the results of operations and comprehensive income for the </font><font style="font-family:inherit;font-size:10pt;">three months ended March 31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</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 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, 2016</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 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, 2017</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 DuPont Performance Coatings business ("DPC"), 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;">Accounting Standards - Reclassifications</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At December 31, 2016, we elected to early adopt Accounting Standards Update ("ASU") 2016-18, "Statement of Cash Flows: Restricted Cash", which requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. As a result, the condensed consolidated financial statements herein have been retroactively adjusted. These adjustments included a decrease in net cash used in investing activities by </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;"> for the three months ended March 31, 2016.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At December 31, 2016, we elected to early adopt ASU 2016-09, "Stock Compensation", which provides various areas of simplification surrounding the accounting for stock-based compensation which resulted in retrospective changes to our previously issued condensed consolidated financial statements. The new standard resulted in the recognition of excess tax benefits in our provision for income taxes. Upon adoption, this resulted in a cumulative effect of an accounting change reclassification of </font><font style="font-family:inherit;font-size:10pt;">$43.9 million</font><font style="font-family:inherit;font-size:10pt;"> to retained earnings (accumulated deficit) on the balance sheet as of January 1, 2016, as reflected in Note 18. It also resulted in a decrease to the tax provision and corresponding increase to net income of </font><font style="font-family:inherit;font-size:10pt;">$1.2 million</font><font style="font-family:inherit;font-size:10pt;"> for the previously reported condensed consolidated statements of operations and comprehensive income for the three months ended March 31, 2016. The effect on our dilutive shares is disclosed in Note 10. </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 retrospectively applied the changes in presentation to the condensed consolidated statements of cash flows and no longer classify excess tax benefits or employee taxes paid for shares withheld as financing activities, which increased net cash provided by operating activities and decreased net cash used in financing activities by </font><font style="font-family:inherit;font-size:10pt;">$4.7 million</font><font style="font-family:inherit;font-size:10pt;"> for the three months ended March 31, 2016.</font></div></div>

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$AXTA
Axalta Coating Systems Ltd. Stock $axta

2017 Q1 Form 10-Q Financial Statement

#000161686217000032 Filed on April 26, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AXTA Axalta Coating Systems Ltd. Stock $axta

2017 Q1 Form 10-Q Financial Statement

#000161686217000032 Filed on April 26, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AXTA
Axalta Coating Systems Ltd. Stock $axta