2020 Q1 Form 10-Q Financial Statement
#000161686220000036 Filed on May 06, 2020
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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OtherAccruedLiabilitiesCurrent
|
545300000 | USD |
CY2020Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1007200000 | USD |
CY2019Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1072900000 | 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 |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
179200000 | USD |
CY2019Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
144600000 | USD |
CY2020Q1 | us-gaap |
Liabilities
Liabilities
|
5049900000 | USD |
CY2019Q4 | us-gaap |
Liabilities
Liabilities
|
5408400000 | USD |
CY2020Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2019Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2020Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
250400000 | USD |
CY2019Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
249900000 | USD |
CY2020Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
1478100000 | USD |
CY2019Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
1474100000 | USD |
CY2020Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
493900000 | USD |
CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
443200000 | USD |
CY2020Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
417500000 | USD |
CY2019Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
417500000 | USD |
CY2020Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-513900000 | USD |
CY2019Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-395500000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1291000000.0 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1354200000 | USD |
CY2020Q1 | us-gaap |
Minority Interest
MinorityInterest
|
49800000 | USD |
CY2019Q4 | us-gaap |
Minority Interest
MinorityInterest
|
55400000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1340800000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1409600000 | USD |
CY2020Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6390700000 | USD |
CY2019Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6818000000.0 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1409600000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
52400000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
-34700000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
13300000 | USD |
CY2019Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
45000000.0 | USD |
CY2019Q1 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
-700000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
90400000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
27100000 | USD |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6700000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
11400000 | USD |
CY2019Q1 | us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
-26400000 | USD |
CY2019Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
65800000 | USD |
CY2019Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
1100000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1279600000 | USD |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
52400000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
22200000 | USD |
CY2020Q1 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
-1500000 | USD |
CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5100000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
-1100000 | USD |
CY2020Q1 | us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
-1600000 | USD |
CY2020Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
500000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1340800000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1310500000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
44100000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
-12400000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
0 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
44100000 | USD |
CY2020Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
86600000 | USD |
CY2019Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
91600000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
2200000 | USD |
CY2019Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
2200000 | USD |
CY2020Q1 | axta |
Financing Feesand Extinguishment
FinancingFeesandExtinguishment
|
2400000 | USD |
CY2019Q1 | axta |
Financing Feesand Extinguishment
FinancingFeesandExtinguishment
|
0 | USD |
CY2020Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-45700000 | USD |
CY2019Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
400000 | USD |
CY2020Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-3700000 | USD |
CY2019Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-900000 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5100000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6700000 | USD |
CY2020Q1 | axta |
Divestitureand Impairment
DivestitureandImpairment
|
500000 | USD |
CY2019Q1 | axta |
Divestitureand Impairment
DivestitureandImpairment
|
5200000 | USD |
CY2020Q1 | axta |
Paymentsfor Proceedsfrom Hedge Operating Activities
PaymentsforProceedsfromHedgeOperatingActivities
|
3700000 | USD |
CY2019Q1 | axta |
Paymentsfor Proceedsfrom Hedge Operating Activities
PaymentsforProceedsfromHedgeOperatingActivities
|
3500000 | USD |
CY2020Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
1900000 | USD |
CY2019Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
300000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
-5400000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
38200000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
22700000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-18600000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
60500000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
29000000.0 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
20500000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-73300000 | USD |
CY2020Q1 | us-gaap |
Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
|
-3700000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-18800000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
10600000 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
638900000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
0 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
14800000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
35400000 | USD |
CY2019Q1 | us-gaap |
Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
|
-3500000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-69200000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
1800000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
1700000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-800000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-57900000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
1700000 | USD |
CY2020Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-400000 | USD |
CY2019Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
100000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
11300000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
307200000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
7300000 | USD |
CY2020Q1 | axta |
Paymentsofredemptionpremiumsandfinancingcosts
Paymentsofredemptionpremiumsandfinancingcosts
|
0 | USD |
CY2019Q1 | axta |
Paymentsofredemptionpremiumsandfinancingcosts
Paymentsofredemptionpremiumsandfinancingcosts
|
900000 | USD |
CY2020Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
CY2019Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
65700000 | USD |
CY2020Q1 | axta |
Proceeds Paymentsfrom Stock Option Exercises
ProceedsPaymentsfromStockOptionExercises
|
-1100000 | USD |
CY2019Q1 | axta |
Proceeds Paymentsfrom Stock Option Exercises
ProceedsPaymentsfromStockOptionExercises
|
11400000 | USD |
CY2020Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
1600000 | USD |
CY2019Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
26900000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-800000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-1100000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-321300000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-101800000 | USD |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-340700000 | USD |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-178500000 | USD |
CY2020Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-19800000 | USD |
CY2019Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
800000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1020500000 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
696400000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
660000000.0 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
518700000 | USD |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
657200000 | USD |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
501100000 | USD |
CY2020Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
2800000 | USD |
CY2019Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
2800000 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
111100000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
660000000.0 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
518700000 | USD |
CY2020Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
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. | |
CY2020Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
18500000 | USD |
CY2020Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
36700000 | USD |
CY2019Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
37500000 | USD |
CY2020Q1 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
191400000 | USD |
CY2019Q4 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
191200000 | USD |
CY2020Q1 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
16900000 | USD |
CY2019Q1 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
17100000 | USD |
CY2020Q1 | axta |
Upfront Incentive Payments
UpfrontIncentivePayments
|
96400000 | USD |
CY2019Q4 | axta |
Upfront Incentive Payments
UpfrontIncentivePayments
|
79000000.0 | USD |
CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
1208900000 | USD |
CY2020Q1 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-11600000 | USD |
CY2020Q1 | us-gaap |
Goodwill
Goodwill
|
1197300000 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
1818000000.0 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
108900000 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
69900000 | USD |
CY2019Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
1300000 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
85100000 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1179100000 | USD |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
1843800000 | USD |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
619900000 | USD |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1223900000 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
65100000 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
64500000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2019Q4 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
78000000.0 | USD |
CY2020Q1 | us-gaap |
Restructuring Charges
RestructuringCharges
|
18500000 | USD |
CY2020Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
13500000 | USD |
CY2020Q1 | us-gaap |
Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
|
900000 | USD |
CY2020Q1 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
82100000 | USD |
CY2020Q1 | us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
8100000 | USD |
CY2019Q1 | us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
6100000 | USD |
CY2020Q1 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
11000000.0 | USD |
CY2019Q1 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
2100000 | USD |
CY2020Q1 | us-gaap |
Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
|
1400000 | USD |
CY2019Q4 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
11600000 | USD |
CY2020Q1 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
1000000.0 | USD |
CY2019Q4 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
0 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
15.63 | |
CY2020Q1 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
1800000 | USD |
CY2019Q1 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
1900000 | USD |
CY2020Q1 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
2300000 | USD |
CY2019Q1 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
3200000 | USD |
CY2020Q1 | us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
3200000 | USD |
CY2019Q1 | us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
3500000 | USD |
CY2020Q1 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-1000000.0 | USD |
CY2019Q1 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-500000 | USD |
CY2020Q1 | us-gaap |
Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
|
1200000 | USD |
CY2019Q1 | us-gaap |
Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
|
0 | USD |
CY2020Q1 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
700000 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
0 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5100000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6700000 | USD |
CY2020Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
200000 | USD |
CY2019Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
87000000.0 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
29.87 | |
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
25.92 | |
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3000000.0 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
3000000.0 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
25.99 | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
3000000.0 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
25.99 | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
3600000 | USD |
CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P5Y5M23D | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
2400000 | shares |
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 |