2020 Q1 Form 10-Q Financial Statement

#000161686220000036 Filed on May 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $983.5M $1.119B
YoY Change -12.13% -4.5%
Cost Of Revenue $646.8M $751.3M
YoY Change -13.91% -3.18%
Gross Profit $336.7M $368.0M
YoY Change -8.51% -7.07%
Gross Profit Margin 34.23% 32.88%
Selling, General & Admin $195.4M $215.6M
YoY Change -9.37% -5.36%
% of Gross Profit 58.03% 58.59%
Research & Development $16.60M $18.20M
YoY Change -8.79% -5.7%
% of Gross Profit 4.93% 4.95%
Depreciation & Amortization $41.60M $45.40M
YoY Change -8.37% -2.16%
% of Gross Profit 12.36% 12.34%
Operating Expenses $212.0M $233.8M
YoY Change -9.32% -5.38%
Operating Profit $65.10M $98.60M
YoY Change -33.98% -17.83%
Interest Expense $36.50M $41.30M
YoY Change -11.62% 4.82%
% of Operating Profit 56.07% 41.89%
Other Income/Expense, Net -$800.0K $1.000M
YoY Change -180.0% -54.55%
Pretax Income $27.80M $58.30M
YoY Change -52.32% -29.59%
Income Tax -$24.60M $14.20M
% Of Pretax Income -88.49% 24.36%
Net Earnings $52.20M $43.40M
YoY Change 20.28% -37.91%
Net Earnings / Revenue 5.31% 3.88%
Basic Earnings Per Share $0.22 $0.19
Diluted Earnings Per Share $0.22 $0.18
COMMON SHARES
Basic Shares Outstanding 234.9M shares 234.1M shares
Diluted Shares Outstanding 235.9M shares 236.6M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $657.2M $501.1M
YoY Change 31.15% -16.54%
Cash & Equivalents $657.2M $501.1M
Short-Term Investments
Other Short-Term Assets $121.7M $213.2M
YoY Change -42.92% 77.96%
Inventory $596.1M $626.8M
Prepaid Expenses $155.6M $210.4M
Receivables $661.7M $809.9M
Other Receivables $115.9M $110.6M
Total Short-Term Assets $2.189B $2.262B
YoY Change -3.2% -1.79%
LONG-TERM ASSETS
Property, Plant & Equipment $1.163B $1.274B
YoY Change -8.73% -9.48%
Goodwill $1.197B $1.216B
YoY Change -1.55% -6.77%
Intangibles $1.179B $1.311B
YoY Change -10.05% -11.68%
Long-Term Investments $14.80M $14.80M
YoY Change 0.0% -7.5%
Other Assets $661.9M $610.5M
YoY Change 8.42% 43.07%
Total Long-Term Assets $4.201B $4.412B
YoY Change -4.77% -5.01%
TOTAL ASSETS
Total Short-Term Assets $2.189B $2.262B
Total Long-Term Assets $4.201B $4.412B
Total Assets $6.391B $6.673B
YoY Change -4.24% -3.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $489.8M $530.9M
YoY Change -7.74% -6.86%
Accrued Expenses $452.7M $445.9M
YoY Change 1.53% 9.45%
Deferred Revenue
YoY Change
Short-Term Debt $15.90M $19.20M
YoY Change -17.19% 13.61%
Long-Term Debt Due $24.30M $24.30M
YoY Change 0.0% -2.41%
Total Short-Term Liabilities $1.007B $1.022B
YoY Change -1.4% 0.2%
LONG-TERM LIABILITIES
Long-Term Debt $3.480B $3.809B
YoY Change -8.65% -2.82%
Other Long-Term Liabilities $179.2M $167.2M
YoY Change 7.18% 444.63%
Total Long-Term Liabilities $179.2M $167.2M
YoY Change 7.18% 444.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.007B $1.022B
Total Long-Term Liabilities $179.2M $167.2M
Total Liabilities $5.050B $5.394B
YoY Change -6.38% -0.54%
SHAREHOLDERS EQUITY
Retained Earnings $493.9M $241.3M
YoY Change 104.68% -2694.62%
Common Stock $1.729B $1.679B
YoY Change 2.97% 3.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $417.5M $378.0M
YoY Change 10.45% 512.64%
Treasury Stock Shares
Shareholders Equity $1.291B $1.206B
YoY Change
Total Liabilities & Shareholders Equity $6.391B $6.673B
YoY Change -4.24% -3.94%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $52.20M $43.40M
YoY Change 20.28% -37.91%
Depreciation, Depletion And Amortization $41.60M $45.40M
YoY Change -8.37% -2.16%
Cash From Operating Activities -$800.0K -$57.90M
YoY Change -98.62% 175.71%
INVESTING ACTIVITIES
Capital Expenditures $22.70M $20.50M
YoY Change 10.73% -48.1%
Acquisitions $0.00 $1.700M
YoY Change -100.0% -97.83%
Other Investing Activities -$400.0K $100.0K
YoY Change -500.0%
Cash From Investing Activities -$18.60M -$18.80M
YoY Change -1.06% -87.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $65.70M
YoY Change -100.0% 1890.91%
Debt Paid & Issued, Net $307.2M $7.300M
YoY Change 4108.22% 5.8%
Cash From Financing Activities -$321.3M -$101.8M
YoY Change 215.62% 611.89%
NET CHANGE
Cash From Operating Activities -$800.0K -$57.90M
Cash From Investing Activities -$18.60M -$18.80M
Cash From Financing Activities -$321.3M -$101.8M
Net Change In Cash -$340.7M -$178.5M
YoY Change 90.87% -0.78%
FREE CASH FLOW
Cash From Operating Activities -$800.0K -$57.90M
Capital Expenditures $22.70M $20.50M
Free Cash Flow -$23.50M -$78.40M
YoY Change -70.03% 29.59%

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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES<div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span 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 </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, the results of operations, comprehensive income (loss), changes in shareholders' equity and cash flows for the </span><span style="font-family:inherit;font-size:10pt;">three months ended March 31, 2020</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2019</span><span style="font-family:inherit;font-size:10pt;">. All intercompany balances and transactions have been eliminated. </span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">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 </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span 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.</span></div><div style="line-height:120%;font-size:10pt;"><span 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.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The results of operations for the </span><span style="font-family:inherit;font-size:10pt;">three months ended March 31, 2020</span><span style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results to be expected for a full year.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Summary of Significant Accounting Policies Updates</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</span></div><div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The condensed consolidated statements of operations for the three months ended March 31, 2019 have been updated for comparability with the current year presentation to separately present other operating charges as detailed in our annual report on Form 10-K for the year ended December 31, 2019.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recently Adopted Accounting Guidance</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On January 1, 2020, we adopted Accounting Standards Update ("ASU") 2016-13, “Financial Instruments - Credit Losses” under a modified retrospective approach for all financial assets. ASU 2016-13 replaces the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires considerations of a broader range of reasonable and supportable information to inform credit loss estimates. The provisions of this standard primarily impact the allowance for doubtful accounts on our trade receivables, in which we have applied historical loss percentages, combined with reasonable and supportable forecasts of future losses to the respective aging categories. Adoption of ASU 2016-13 at January 1, 2020 resulted in a one-time loss to retained earnings of </span><span style="font-family:inherit;font-size:10pt;"><span>$1.5 million</span></span><span style="font-family:inherit;font-size:10pt;"> on our condensed consolidated balance sheets and statements of shareholders' equity for the three months ended March 31, 2020.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On March 12, 2020, we adopted ASU 2020-04, "Reference Rate Reform" which provides optional expedients exercisable from March 12, 2020 to December 31, 2022 to ease the potential burden in accounting for the effects of reference rate reform on financial reporting. As of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;">, the expedients provided in this standard do not impact the Company. We will continue to monitor for potential impacts on our financial statements.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Accounting Guidance Issued But Not Yet Adopted</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In December 2019, the FASB issued ASU 2019-12, "Simplifying the Accounting for Income Taxes" as part of its initiative to reduce complexity in accounting standards. The ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The new standard is effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact of ASU 2019-12 on our financial statements.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Risks and Uncertainties</span></div>In March 2020, the World Health Organization characterized the coronavirus ("COVID-19") a pandemic, and the President of the United States declared the COVID-19 outbreak a national emergency. The rapid spread of the pandemic and the continuously evolving responses to combat it have had an increasingly negative impact on the global economy. In view of the rapidly changing business environment, unprecedented market volatility and heightened degree of uncertainty resulting from COVID-19, we are currently unable to fully determine its future impact on our business. However, we are monitoring the progression of the pandemic and its potential effect on our financial position, results of operations, and cash flows. If the global pandemic continues to grow and evolves into an even more prolonged health crisis, the effects could have a material adverse impact to the Company's results of operations, financial condition and cash flows.
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CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
25.58
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
3600000 USD
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P4Y8M4D
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
0 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2000000.0 USD
CY2020Q1 axta Bad Debt Expense Net Of Recoveries
BadDebtExpenseNetOfRecoveries
3400000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2178800000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2231900000 USD
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1015700000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1008900000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1163100000 USD
CY2020Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-2300000 USD
CY2019Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-2400000 USD
CY2020Q1 axta Financing Feesand Extinguishment
FinancingFeesandExtinguishment
2400000 USD
CY2019Q1 axta Financing Feesand Extinguishment
FinancingFeesandExtinguishment
0 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3900000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3400000 USD
CY2020Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-800000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1000000.0 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.885
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
CY2020Q1 axta Tax Benefitonstepupvalue
TaxBenefitonstepupvalue
50500000 USD
CY2019Q1 axta Bad Debt Expense Net Of Recoveries
BadDebtExpenseNetOfRecoveries
1000000.0 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
52200000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
43400000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
234900000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
234100000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
235900000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
236600000 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2600000 shares
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2900000 shares
CY2020Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
661700000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
718400000 USD
CY2020Q1 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
26300000 USD
CY2019Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
24700000 USD
CY2020Q1 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
89600000 USD
CY2020Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
777600000 USD
CY2019Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
830100000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
18200000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16000000.0 USD
CY2020Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
338200000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
327400000 USD
CY2020Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
103400000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
109900000 USD
CY2020Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
134200000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
133700000 USD
CY2020Q1 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
20300000 USD
CY2019Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
20600000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
596100000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
591600000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1223000000.0 USD
CY2020Q1 us-gaap Depreciation
Depreciation
41600000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
45400000 USD
CY2020Q1 axta Shorttermand Other Borrowings
ShorttermandOtherBorrowings
104700000 USD
CY2019Q4 axta Shorttermand Other Borrowings
ShorttermandOtherBorrowings
109000000.0 USD
CY2020Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
8800000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
10500000 USD
CY2020Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
28100000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
31100000 USD
CY2020Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
3519700000 USD
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
3834100000 USD
CY2020Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
15900000 USD
CY2019Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
19600000 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
24300000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
24300000 USD
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3479500000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3790200000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
32800000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
26700000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
54200000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFour
27100000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearFive
2864800000 USD
CY2020Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingAfterYearFive
551000000.0 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
3556600000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
41300000 USD
CY2020Q1 axta Financing Feesand Extinguishment
FinancingFeesandExtinguishment
2400000 USD
CY2019Q1 axta Financing Feesand Extinguishment
FinancingFeesandExtinguishment
0 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
36500000 USD
CY2020Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
27100000 USD
CY2020Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
983500000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1119300000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
300000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-300000 USD
CY2020Q1 us-gaap Equity Method Investments
EquityMethodInvestments
14800000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
15100000 USD
CY2020Q1 axta Intercompanysalesbetweensegments
Intercompanysalesbetweensegments
0 USD
CY2020Q1 axta Adjusted Earnings Before Interestand Tax
AdjustedEarningsBeforeInterestandTax
105200000 USD
CY2019Q1 axta Adjusted Earnings Before Interestand Tax
AdjustedEarningsBeforeInterestandTax
112800000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
27800000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
58300000 USD
CY2020Q1 axta Employee Termination And Other Related Costs
EmployeeTerminationAndOtherRelatedCosts
19500000 USD
CY2019Q1 axta Employee Termination And Other Related Costs
EmployeeTerminationAndOtherRelatedCosts
1300000 USD
CY2020Q1 axta Strategicreviewandretentioncosts
Strategicreviewandretentioncosts
11500000 USD
CY2019Q1 axta Strategicreviewandretentioncosts
Strategicreviewandretentioncosts
0 USD
CY2020Q1 axta Offeringandtransactionalcosts
Offeringandtransactionalcosts
100000 USD
CY2019Q1 axta Offeringandtransactionalcosts
Offeringandtransactionalcosts
600000 USD
CY2020Q1 axta Divestitureand Impairment
DivestitureandImpairment
500000 USD
CY2019Q1 axta Divestitureand Impairment
DivestitureandImpairment
5200000 USD
CY2020Q1 axta Pensionspecialevent
Pensionspecialevent
-1200000 USD
CY2019Q1 axta Pensionspecialevent
Pensionspecialevent
0 USD
CY2020Q1 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
8100000 USD
CY2019Q1 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
6100000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
1200000 USD
CY2020Q1 axta Cumulative Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Income Tax Expense Benefit
CumulativeOtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansIncomeTaxExpenseBenefit
26800000 USD
CY2020Q1 axta Cumulative Other Comprehensive Income Loss Gain Losson Derivatives Income Tax Expense Benefit
CumulativeOtherComprehensiveIncomeLossGainLossonDerivativesIncomeTaxExpenseBenefit
10300000 USD
CY2019Q1 axta Cumulative Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Income Tax Expense Benefit
CumulativeOtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansIncomeTaxExpenseBenefit
-13900000 USD
CY2019Q1 axta Cumulative Other Comprehensive Income Loss Gain Losson Derivatives Income Tax Expense Benefit
CumulativeOtherComprehensiveIncomeLossGainLossonDerivativesIncomeTaxExpenseBenefit
-1700000 USD

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