2023 Q3 Form 10-Q Financial Statement
#000161686223000051 Filed on August 01, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| Revenue | $1.309B | $1.294B |
| YoY Change | 5.68% | 4.78% |
| Cost Of Revenue | $885.5M | $904.4M |
| YoY Change | 1.02% | 2.03% |
| Gross Profit | $423.5M | $389.5M |
| YoY Change | 16.96% | 11.76% |
| Gross Profit Margin | 32.35% | 30.1% |
| Selling, General & Admin | $209.0M | $210.2M |
| YoY Change | 12.12% | 9.65% |
| % of Gross Profit | 49.35% | 53.97% |
| Research & Development | $18.50M | $18.60M |
| YoY Change | 12.12% | 11.38% |
| % of Gross Profit | 4.37% | 4.78% |
| Depreciation & Amortization | $71.20M | $66.20M |
| YoY Change | -4.43% | -14.36% |
| % of Gross Profit | 16.81% | 17.0% |
| Operating Expenses | $227.5M | $228.8M |
| YoY Change | 12.12% | 9.79% |
| Operating Profit | $163.4M | $137.6M |
| YoY Change | 32.31% | 32.82% |
| Interest Expense | $55.10M | $54.60M |
| YoY Change | 57.43% | 62.99% |
| % of Operating Profit | 33.72% | 39.68% |
| Other Income/Expense, Net | -$5.700M | -$8.500M |
| YoY Change | 67.65% | 18.06% |
| Pretax Income | $102.6M | $74.50M |
| YoY Change | 20.56% | 18.44% |
| Income Tax | $29.30M | $13.40M |
| % Of Pretax Income | 28.56% | 17.99% |
| Net Earnings | $72.90M | $60.90M |
| YoY Change | 16.83% | 38.1% |
| Net Earnings / Revenue | 5.57% | 4.71% |
| Basic Earnings Per Share | $0.33 | $0.27 |
| Diluted Earnings Per Share | $0.33 | $0.27 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 221.7M shares | 221.5M shares |
| Diluted Shares Outstanding | 221.9M shares | 222.5M shares |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $605.8M | $517.6M |
| YoY Change | 17.09% | 3.48% |
| Cash & Equivalents | $605.8M | $517.6M |
| Short-Term Investments | ||
| Other Short-Term Assets | $90.00M | $90.40M |
| YoY Change | -48.19% | -35.52% |
| Inventory | $750.0M | $766.7M |
| Prepaid Expenses | ||
| Receivables | $1.088B | $1.080B |
| Other Receivables | $213.1M | $190.7M |
| Total Short-Term Assets | $2.786B | $2.690B |
| YoY Change | 4.4% | 4.33% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.169B | $1.197B |
| YoY Change | 4.26% | 3.81% |
| Goodwill | $1.484B | $1.527B |
| YoY Change | 6.73% | 1.9% |
| Intangibles | $1.037B | $1.077B |
| YoY Change | -5.2% | -8.17% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $520.3M | $553.0M |
| YoY Change | -4.57% | 2.27% |
| Total Long-Term Assets | $4.210B | $4.354B |
| YoY Change | 1.44% | -0.25% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $2.786B | $2.690B |
| Total Long-Term Assets | $4.210B | $4.354B |
| Total Assets | $6.996B | $7.043B |
| YoY Change | 2.6% | 1.45% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $709.9M | $702.3M |
| YoY Change | -4.92% | -5.96% |
| Accrued Expenses | $616.4M | $587.9M |
| YoY Change | 14.91% | 11.96% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $13.50M | $19.00M |
| YoY Change | -68.16% | -48.92% |
| Long-Term Debt Due | $18.50M | $20.00M |
| YoY Change | -23.87% | -17.7% |
| Total Short-Term Liabilities | $1.358B | $1.329B |
| YoY Change | 0.64% | -0.31% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $3.511B | $3.529B |
| YoY Change | -4.17% | -4.8% |
| Other Long-Term Liabilities | $131.8M | $131.2M |
| YoY Change | 10.02% | 4.29% |
| Total Long-Term Liabilities | $131.8M | $131.2M |
| YoY Change | 10.02% | 4.29% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.358B | $1.329B |
| Total Long-Term Liabilities | $131.8M | $131.2M |
| Total Liabilities | $5.347B | $5.354B |
| YoY Change | -2.77% | -3.87% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $1.213B | $1.140B |
| YoY Change | 24.39% | 24.91% |
| Common Stock | $1.815B | $1.811B |
| YoY Change | 2.0% | 2.09% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.604B | $1.644B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $6.996B | $7.043B |
| YoY Change | 2.6% | 1.45% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $72.90M | $60.90M |
| YoY Change | 16.83% | 38.1% |
| Depreciation, Depletion And Amortization | $71.20M | $66.20M |
| YoY Change | -4.43% | -14.36% |
| Cash From Operating Activities | $210.1M | $131.0M |
| YoY Change | 162.95% | 973.77% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $31.40M | $32.50M |
| YoY Change | -188.45% | -210.17% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $3.900M | $1.000M |
| YoY Change | -31.58% | -41.18% |
| Cash From Investing Activities | -$27.50M | -$31.50M |
| YoY Change | -7.72% | 13.31% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -73.50M | -90.80M |
| YoY Change | 400.0% | 74.28% |
| NET CHANGE | ||
| Cash From Operating Activities | 210.1M | 131.0M |
| Cash From Investing Activities | -27.50M | -31.50M |
| Cash From Financing Activities | -73.50M | -90.80M |
| Net Change In Cash | 109.1M | 8.700M |
| YoY Change | 208.19% | -112.85% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $210.1M | $131.0M |
| Capital Expenditures | $31.40M | $32.50M |
| Free Cash Flow | $178.7M | $98.50M |
| YoY Change | 54.85% | 136.21% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.191 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.260 | ||
| CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1538700000 | usd |
| CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
40900000 | usd |
| CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
|
2600000 | usd |
| CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
16900000 | usd |
| CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
400000 | usd |
| CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
-500000 | usd |
| CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
0.0 | usd |
| CY2022Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-3900000 | usd |
| CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
54400000 | usd |
| CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5300000 | usd |
| CY2022Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
-1900000 | usd |
| CY2022Q1 | axta |
Noncontrolling Interest Increase Decreasefrom Business Combinationsand Divestitures
NoncontrollingInterestIncreaseDecreasefromBusinessCombinationsandDivestitures
|
-100000 | usd |
| CY2022Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
175100000 | usd |
| CY2022Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
100000 | usd |
| CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1421200000 | usd |
| CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
44100000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
|
1400000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
|
10000000.0 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
300000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
|
-400000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
0.0 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-81400000 | usd |
| CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-26900000 | usd |
| CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3700000 | usd |
| CY2022Q2 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
-200000 | usd |
| CY2022Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
25000000.0 | usd |
| CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1372800000 | usd |
| us-gaap |
Profit Loss
ProfitLoss
|
121600000 | usd | |
| us-gaap |
Profit Loss
ProfitLoss
|
85000000.0 | usd | |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
135700000 | usd | |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
155000000.0 | usd | |
| us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
4300000 | usd | |
| us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
4800000 | usd | |
| axta |
Financing Fees And Extinguishment
FinancingFeesAndExtinguishment
|
3000000.0 | usd | |
| axta |
Financing Fees And Extinguishment
FinancingFeesAndExtinguishment
|
-200000 | usd | |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
500000 | usd | |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
2000000.0 | usd | |
| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
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| us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-4900000 | usd | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
13600000 | usd | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
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| axta |
Divestiture And Impairment
DivestitureAndImpairment
|
15400000 | usd | |
| axta |
Divestiture And Impairment
DivestitureAndImpairment
|
700000 | usd | |
| axta |
Paymentsfor Proceedsfrom Hedge Operating Activities
PaymentsforProceedsfromHedgeOperatingActivities
|
6100000 | usd | |
| axta |
Paymentsfor Proceedsfrom Hedge Operating Activities
PaymentsforProceedsfromHedgeOperatingActivities
|
10000000.0 | usd | |
| axta |
Reserve For Collection Risk Commercial Agreement Restructuring
ReserveForCollectionRiskCommercialAgreementRestructuring
|
0 | usd | |
| axta |
Reserve For Collection Risk Commercial Agreement Restructuring
ReserveForCollectionRiskCommercialAgreementRestructuring
|
25000000.0 | usd | |
| us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1000000.0 | usd | |
| us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
7100000 | usd | |
| us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
194200000 | usd | |
| us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
190100000 | usd | |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-69500000 | usd | |
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
151400000 | usd | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
51800000 | usd | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
58900000 | usd | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-11700000 | usd | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
147500000 | usd | |
| us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-39800000 | usd | |
| us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-39400000 | usd | |
| us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-600000 | usd | |
| us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-8500000 | usd | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
79200000 | usd | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-31700000 | usd | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
73900000 | usd | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
72000000.0 | usd | |
| axta |
Proceeds From Swaps Designated As Hedges Interest
ProceedsFromSwapsDesignatedAsHedgesInterest
|
6100000 | usd | |
| axta |
Proceeds From Swaps Designated As Hedges Interest
ProceedsFromSwapsDesignatedAsHedgesInterest
|
10000000.0 | usd | |
| us-gaap |
Proceeds From Hedge Investing Activities
ProceedsFromHedgeInvestingActivities
|
29400000 | usd | |
| us-gaap |
Proceeds From Hedge Investing Activities
ProceedsFromHedgeInvestingActivities
|
25000000.0 | usd | |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-1400000 | usd | |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
1100000 | usd | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-37000000.0 | usd | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-38100000 | usd | |
| us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
8800000 | usd | |
| us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
0 | usd | |
| us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
25800000 | usd | |
| us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
44000000.0 | usd | |
| us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
156700000 | usd | |
| us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
13700000 | usd | |
| axta |
Payments Of Redemption Premiums And Financing Costs
PaymentsOfRedemptionPremiumsAndFinancingCosts
|
6300000 | usd | |
| axta |
Payments Of Redemption Premiums And Financing Costs
PaymentsOfRedemptionPremiumsAndFinancingCosts
|
100000 | usd | |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | usd | |
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
200100000 | usd | |
| us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
8500000 | usd | |
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2100000 | usd | |
| axta |
Deferred Acquisition Related Consideration
DeferredAcquisitionRelatedConsideration
|
7700000 | usd | |
| axta |
Deferred Acquisition Related Consideration
DeferredAcquisitionRelatedConsideration
|
0 | usd | |
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | usd | |
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-200000 | usd | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-179200000 | usd | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-260200000 | usd | |
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-137000000.0 | usd | |
| us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-330000000.0 | usd | |
| us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-11000000.0 | usd | |
| CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
517600000 | usd |
| CY2023Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
2400000 | usd |
| CY2022Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
10000000.0 | usd |
| CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
520000000.0 | usd |
| CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
510200000 | usd |
| us-gaap |
Basis Of Accounting
BasisOfAccounting
|
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 and shareholders' equity of Axalta Coating Systems Ltd., a Bermuda exempted company limited by shares, and its consolidated subsidiaries ("Axalta," the "Company," "we," "our" and "us") at June 30, 2023, the results of operations, comprehensive income (loss) and changes in shareholders' equity for the three and six months ended June 30, 2023 and 2022 and cash flows for the six months then ended. All intercompany balances and transactions have been eliminated. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 December 31, 2022. 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 ("GAAP").</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 entities are accounted for on a one-month lag basis, the effect of which is not material.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The results of operations for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the full year ended December 31, 2023 or any future period(s).</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Summary of Significant Accounting Policies Updates</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Recently Adopted Accounting Guidance</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In January 2023, we adopted Accounting Standards Update ("ASU") 2022-04, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Liabilities – Supplier Finance Programs</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, which codifies disclosure requirements for supplier financing programs. This ASU does not affect the recognition, measurement or financial statement presentation of obligations covered by supplier finance programs. Upon adoption of this ASU, we incorporated the required disclosures in Note 14. In addition to the disclosures included in Note 14, ASU 2022-04 requires a rollforward of activity for each supplier financing program beginning with reporting for the year ended December 31, 2024, at which time we will incorporate the required rollforward disclosure.</span></div> | ||
| CY2023Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
43800000 | usd |
| CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
40600000 | usd |
| CY2023Q2 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
158800000 | usd |
| CY2022Q4 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
152300000 | usd |
| CY2023Q2 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
14500000 | usd |
| us-gaap |
Restructuring Charges
RestructuringCharges
|
5800000 | usd | |
| axta |
Restructuringand Related Activities Payment Term
RestructuringandRelatedActivitiesPaymentTerm
|
P12M | ||
| us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
30500000 | usd | |
| CY2022Q2 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
15400000 | usd |
| us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
29900000 | usd | |
| CY2023Q2 | axta |
Upfront Incentive Payments
UpfrontIncentivePayments
|
39200000 | usd |
| CY2022Q4 | axta |
Upfront Incentive Payments
UpfrontIncentivePayments
|
42100000 | usd |
| axta |
Reserve For Collection Risk Commercial Agreement Restructuring
ReserveForCollectionRiskCommercialAgreementRestructuring
|
25000000 | usd | |
| CY2022Q2 | axta |
Reserve For Collection Risk Commercial Agreement Restructuring
ReserveForCollectionRiskCommercialAgreementRestructuring
|
25000000 | usd |
| CY2022Q2 | axta |
Reserve For Collection Risk Commercial Agreement Restructuring Increase Decrease To Revenue
ReserveForCollectionRiskCommercialAgreementRestructuringIncreaseDecreaseToRevenue
|
-20300000 | usd |
| CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
1498000000 | usd |
| axta |
Goodwill Purchase Accounting Adjustments And Divestitures
GoodwillPurchaseAccountingAdjustmentsAndDivestitures
|
-500000 | usd | |
| us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
29100000 | usd | |
| CY2023Q2 | us-gaap |
Goodwill
Goodwill
|
1526600000 | usd |
| CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
1662400000 | usd |
| CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
585300000 | usd |
| CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1077100000 | usd |
| CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
2044800000 | usd |
| CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
932500000 | usd |
| CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1112300000 | usd |
| CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
41900000 | usd |
| CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
82900000 | usd |
| CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
82300000 | usd |
| CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
81900000 | usd |
| CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
81100000 | usd |
| CY2023Q2 | axta |
Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
|
67700000 | usd |
| CY2023Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
2100000 | usd |
| us-gaap |
Restructuring Charges
RestructuringCharges
|
2500000 | usd | |
| CY2022Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
3400000 | usd |
| CY2022Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
48700000 | usd |
| us-gaap |
Restructuring Charges
RestructuringCharges
|
2500000 | usd | |
| us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
26100000 | usd | |
| us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
-300000 | usd | |
| CY2023Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
25400000 | usd |
| CY2023Q2 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
6000000 | usd |
| CY2022Q4 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
7100000 | usd |
| CY2023Q2 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
0 | usd |
| CY2022Q4 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
0 | usd |
| CY2022Q2 | us-gaap |
Loss Contingency Loss In Period
LossContingencyLossInPeriod
|
100000 | usd |
| us-gaap |
Loss Contingency Loss In Period
LossContingencyLossInPeriod
|
200000 | usd | |
| CY2023Q2 | us-gaap |
Loss Contingency Loss In Period
LossContingencyLossInPeriod
|
0 | usd |
| us-gaap |
Loss Contingency Loss In Period
LossContingencyLossInPeriod
|
0 | usd | |
| CY2023Q2 | us-gaap |
Loss Contingency Receivable
LossContingencyReceivable
|
38700000 | usd |
| CY2022Q4 | us-gaap |
Loss Contingency Receivable
LossContingencyReceivable
|
38700000 | usd |
| CY2023Q2 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
39800000 | usd |
| CY2022Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
42300000 | usd |
| CY2023Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7300000 | usd |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
13600000 | usd | |
| CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3700000 | usd |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9000000 | usd | |
| CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
700000 | usd |
| us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1600000 | usd | |
| CY2022Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
400000 | usd |
| us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1000000 | usd | |
| CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1100000 | shares |
| CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
26.56 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | shares | |
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | ||
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
400000 | shares | |
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
24.02 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
100000 | shares | |
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
32.50 | ||
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
600000 | shares |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
27.86 | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
600000 | shares |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
27.86 | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
2800000 | usd |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P3Y7M20D | ||
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
600000 | shares |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
27.86 | |
| CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
2800000 | usd |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
|
P3Y7M20D | ||
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
11400000 | usd | |
| us-gaap |
Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
|
100000 | usd | |
| CY2023Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
0 | usd |
| CY2023Q2 | us-gaap |
Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
|
5200000 | usd |
| CY2023Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-9600000 | usd |
| CY2022Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-4900000 | usd |
| us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-11900000 | usd | |
| us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-7500000 | usd | |
| CY2023Q2 | axta |
Financing Fees And Extinguishment
FinancingFeesAndExtinguishment
|
1200000 | usd |
| CY2022Q2 | axta |
Financing Fees And Extinguishment
FinancingFeesAndExtinguishment
|
-200000 | usd |
| axta |
Financing Fees And Extinguishment
FinancingFeesAndExtinguishment
|
3000000.0 | usd | |
| axta |
Financing Fees And Extinguishment
FinancingFeesAndExtinguishment
|
-200000 | usd | |
| CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2300000 | usd |
| CY2022Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-2500000 | usd |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
5100000 | usd | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1700000 | usd | |
| CY2023Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-8500000 | usd |
| CY2022Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-7200000 | usd |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-9800000 | usd | |
| us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-9000000.0 | usd | |
| axta |
Reserve For Contingent Customer Concession Income Expense
ReserveForContingentCustomerConcessionIncomeExpense
|
-4700000 | usd | |
| CY2022Q2 | axta |
Reserve For Contingent Customer Concession Income Expense
ReserveForContingentCustomerConcessionIncomeExpense
|
-4700000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
60900000 | usd |
| CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
44100000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
121400000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
85600000 | usd | |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
221600000 | shares |
| CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
221000000.0 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
221400000 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
222800000 | shares | |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
222500000 | shares |
| CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
221400000 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
222300000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
223300000 | shares | |
| CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.27 | |
| CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.20 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.55 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.38 | ||
| CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.27 | |
| CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.20 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.55 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.38 | ||
| CY2023Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
100000 | shares |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
500000 | shares | |
| CY2022Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1300000 | shares |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1200000 | shares | |
| CY2023Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1080400000 | usd |
| CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
909300000 | usd |
| CY2023Q2 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
53100000 | usd |
| CY2022Q4 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
23100000 | usd |
| CY2023Q2 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
137600000 | usd |
| CY2022Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
135000000.0 | usd |
| CY2023Q2 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
1271100000 | usd |
| CY2022Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
1067400000 | usd |
| CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
23600000 | usd |
| CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
22600000 | usd |
| CY2023Q2 | us-gaap |
Loss Contingency Receivable
LossContingencyReceivable
|
38700000 | usd |
| CY2022Q4 | us-gaap |
Loss Contingency Receivable
LossContingencyReceivable
|
38700000 | usd |
| CY2023Q2 | axta |
Bad Debt Expense Benefit Net Of Recoveries
BadDebtExpenseBenefitNetOfRecoveries
|
600000 | usd |
| axta |
Bad Debt Expense Benefit Net Of Recoveries
BadDebtExpenseBenefitNetOfRecoveries
|
4700000 | usd | |
| CY2022Q2 | axta |
Bad Debt Expense Benefit Net Of Recoveries
BadDebtExpenseBenefitNetOfRecoveries
|
500000 | usd |
| axta |
Bad Debt Expense Benefit Net Of Recoveries
BadDebtExpenseBenefitNetOfRecoveries
|
0 | usd | |
| CY2023Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
403600000 | usd |
| CY2022Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
438600000 | usd |
| CY2023Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
133900000 | usd |
| CY2022Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
130800000 | usd |
| CY2023Q2 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
199900000 | usd |
| CY2022Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
233700000 | usd |
| CY2023Q2 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
29300000 | usd |
| CY2022Q4 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
26500000 | usd |
| CY2023Q2 | us-gaap |
Inventory Net
InventoryNet
|
766700000 | usd |
| CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
829600000 | usd |
| CY2023Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
21000000 | usd |
| CY2022Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
16600000 | usd |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2433000000 | usd |
| CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2368900000 | usd |
| CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1236200000 | usd |
| CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1178700000 | usd |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1196800000 | usd |
| CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1190200000 | usd |
| CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
30100000 | usd |
| us-gaap |
Depreciation
Depreciation
|
59100000 | usd | |
| CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
29900000 | usd |
| us-gaap |
Depreciation
Depreciation
|
60000000 | usd | |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
|
33800000 | usd |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P22Y | |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
|
86200000 | usd |
| CY2023Q2 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P12Y | |
| CY2023Q2 | axta |
Shorttermand Other Borrowings
ShorttermandOtherBorrowings
|
75300000 | usd |
| CY2022Q4 | axta |
Shorttermand Other Borrowings
ShorttermandOtherBorrowings
|
74500000 | usd |
| CY2023Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
19500000 | usd |
| CY2022Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
22400000 | usd |
| CY2023Q2 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
24000000.0 | usd |
| CY2022Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
26900000 | usd |
| CY2023Q2 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
3567900000 | usd |
| CY2022Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
3704300000 | usd |
| CY2023Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
19000000.0 | usd |
| CY2022Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
16000000.0 | usd |
| CY2023Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
20000000.0 | usd |
| CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
15000000.0 | usd |
| CY2023Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
3528900000 | usd |
| CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
3673300000 | usd |
| CY2023Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
26500000 | usd |
| CY2023Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
24300000 | usd |
| CY2023Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
514600000 | usd |
| CY2023Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
23600000 | usd |
| CY2023Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
523900000 | usd |
| CY2023Q2 | axta |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
2498500000 | usd |
| CY2023Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
3611400000 | usd |
| CY2023Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
19500000 | usd |
| CY2023Q2 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
24000000.0 | usd |
| CY2023Q2 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
3567900000 | usd |
| CY2021Q2 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
7300000 | usd |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
|
6900000 | usd | |
| CY2022Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
7200000 | usd |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
|
6900000 | usd | |
| us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
-300000 | usd | |
| CY2023Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
0 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Hedge Investing Activities
ProceedsFromHedgeInvestingActivities
|
29400000 | usd |
| us-gaap |
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
|
1200000 | usd | |
| us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | segment | |
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment | |
| CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1293900000 | usd |
| CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1234900000 | usd |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2577800000 | usd | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2409000000 | usd | |
| CY2023Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
66200000 | usd |
| CY2022Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
77300000 | usd |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
135700000 | usd | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
155000000.0 | usd | |
| axta |
Intercompanysalesbetweensegments
Intercompanysalesbetweensegments
|
0 | usd | |
| axta |
Intercompanysalesbetweensegments
Intercompanysalesbetweensegments
|
0 | usd | |
| CY2023Q2 | axta |
Intercompanysalesbetweensegments
Intercompanysalesbetweensegments
|
0 | usd |
| CY2022Q2 | axta |
Intercompanysalesbetweensegments
Intercompanysalesbetweensegments
|
0 | usd |
| CY2023Q2 | axta |
Adjusted Earnings Before Interestand Tax
AdjustedEarningsBeforeInterestandTax
|
141500000 | usd |
| CY2022Q2 | axta |
Adjusted Earnings Before Interestand Tax
AdjustedEarningsBeforeInterestandTax
|
127500000 | usd |
| axta |
Adjusted Earnings Before Interestand Tax
AdjustedEarningsBeforeInterestandTax
|
274300000 | usd | |
| axta |
Adjusted Earnings Before Interestand Tax
AdjustedEarningsBeforeInterestandTax
|
222600000 | usd | |
| CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
54600000 | usd |
| CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
33500000 | usd |
| us-gaap |
Interest Expense
InterestExpense
|
102800000 | usd | |
| us-gaap |
Interest Expense
InterestExpense
|
66100000 | usd | |
| CY2023Q2 | axta |
Refinancing Costsand Gains Losseson Extinguishmentof Debt
RefinancingCostsandGainsLossesonExtinguishmentofDebt
|
1200000 | usd |
| CY2022Q2 | axta |
Refinancing Costsand Gains Losseson Extinguishmentof Debt
RefinancingCostsandGainsLossesonExtinguishmentofDebt
|
-200000 | usd |
| axta |
Refinancing Costsand Gains Losseson Extinguishmentof Debt
RefinancingCostsandGainsLossesonExtinguishmentofDebt
|
3000000.0 | usd | |
| axta |
Refinancing Costsand Gains Losseson Extinguishmentof Debt
RefinancingCostsandGainsLossesonExtinguishmentofDebt
|
-200000 | usd | |
| CY2023Q2 | axta |
Employee Termination And Other Related Costs
EmployeeTerminationAndOtherRelatedCosts
|
2300000 | usd |
| CY2022Q2 | axta |
Employee Termination And Other Related Costs
EmployeeTerminationAndOtherRelatedCosts
|
2700000 | usd |
| axta |
Employee Termination And Other Related Costs
EmployeeTerminationAndOtherRelatedCosts
|
2100000 | usd | |
| axta |
Employee Termination And Other Related Costs
EmployeeTerminationAndOtherRelatedCosts
|
5100000 | usd | |
| CY2023Q2 | axta |
Acquisition And Divestiture Related Benefits Costs
AcquisitionAndDivestitureRelatedBenefitsCosts
|
-100000 | usd |
| CY2022Q2 | axta |
Acquisition And Divestiture Related Benefits Costs
AcquisitionAndDivestitureRelatedBenefitsCosts
|
2200000 | usd |
| axta |
Acquisition And Divestiture Related Benefits Costs
AcquisitionAndDivestitureRelatedBenefitsCosts
|
400000 | usd | |
| axta |
Acquisition And Divestiture Related Benefits Costs
AcquisitionAndDivestitureRelatedBenefitsCosts
|
2600000 | usd | |
| CY2023Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
8300000 | usd |
| CY2022Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
-600000 | usd |
| us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
15400000 | usd | |
| us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
-300000 | usd | |
| CY2023Q2 | us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
800000 | usd |
| CY2022Q2 | us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
1800000 | usd |
| us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
1900000 | usd | |
| us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
3100000 | usd | |
| CY2023Q2 | axta |
Expenses Related To Russian Sanctions
ExpensesRelatedToRussianSanctions
|
100000 | usd |
| CY2022Q2 | axta |
Expenses Related To Russian Sanctions
ExpensesRelatedToRussianSanctions
|
300000 | usd |
| axta |
Expenses Related To Russian Sanctions
ExpensesRelatedToRussianSanctions
|
-1300000 | usd | |
| axta |
Expenses Related To Russian Sanctions
ExpensesRelatedToRussianSanctions
|
6100000 | usd | |
| CY2023Q2 | axta |
Reserve For Collection Risk Commercial Agreement Restructuring
ReserveForCollectionRiskCommercialAgreementRestructuring
|
0 | usd |
| CY2022Q2 | axta |
Reserve For Collection Risk Commercial Agreement Restructuring
ReserveForCollectionRiskCommercialAgreementRestructuring
|
25000000.0 | usd |
| axta |
Reserve For Collection Risk Commercial Agreement Restructuring
ReserveForCollectionRiskCommercialAgreementRestructuring
|
0 | usd | |
| axta |
Reserve For Collection Risk Commercial Agreement Restructuring
ReserveForCollectionRiskCommercialAgreementRestructuring
|
25000000.0 | usd | |
| CY2023Q2 | axta |
Gain Loss In Other Adjustments
GainLossInOtherAdjustments
|
200000 | usd |
| CY2022Q2 | axta |
Gain Loss In Other Adjustments
GainLossInOtherAdjustments
|
100000 | usd |
| axta |
Gain Loss In Other Adjustments
GainLossInOtherAdjustments
|
300000 | usd | |
| axta |
Gain Loss In Other Adjustments
GainLossInOtherAdjustments
|
-300000 | usd | |
| CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
74500000 | usd |
| CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
62900000 | usd |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
150300000 | usd | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
114800000 | usd | |
| axta |
Divestiture Related Costs Due Diligence Cost
DivestitureRelatedCostsDueDiligenceCost
|
800000 | usd | |
| CY2023Q2 | axta |
Cumulative Other Comprehensive Income Loss Foreign Exchange Adjustments Income Tax Expense Benefit
CumulativeOtherComprehensiveIncomeLossForeignExchangeAdjustmentsIncomeTaxExpenseBenefit
|
-1100000 | usd |
| CY2023Q2 | axta |
Cumulative Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Income Tax Expense Benefit
CumulativeOtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansIncomeTaxExpenseBenefit
|
-14300000 | usd |
| CY2023Q2 | axta |
Cumulative Other Comprehensive Income Loss Gain Losson Derivatives Income Tax Expense Benefit
CumulativeOtherComprehensiveIncomeLossGainLossonDerivativesIncomeTaxExpenseBenefit
|
-100000 | usd |
| CY2022Q2 | axta |
Cumulative Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Income Tax Expense Benefit
CumulativeOtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansIncomeTaxExpenseBenefit
|
-24100000 | usd |
| CY2022Q2 | axta |
Cumulative Other Comprehensive Income Loss Gain Losson Derivatives Income Tax Expense Benefit
CumulativeOtherComprehensiveIncomeLossGainLossonDerivativesIncomeTaxExpenseBenefit
|
-400000 | usd |
| CY2023Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2023Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2023Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2023Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |
