Axalta Coating Systems Ltd
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
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(1) ACCOUNTS PAYABLE AND OTHER ACCRUED LIABILITIES
(16)ACCOUNTS PAYABLE AND OTHER ACCRUED LIABILITIES
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Accounts Payable | ||
| Trade payables (1) | $665.3 | $681.1 |
| Non-income taxes | 24.8 | 17.3 |
| Other | 34.8 | 35.1 |
| Total | $724.9 | $733.5 |
| Other Accrued Liabilities | ||
| Compensation and other employee-related costs | $259.3 | $181.4 |
| Restructuring—current | 14.4 | 42.5 |
| Discounts, rebates, and warranties (2) | 231.1 | 230.6 |
| Operating lease liabilities | 31.2 | 28.4 |
| Income taxes payable | 37.2 | 36.7 |
| Other | 103.7 | 100.6 |
| Total | $676.9 | $620.2 |
(1)Includes $35.2 million and $36.6 million at December 31, 2023 and 2022, respectively, payable to banking institutions as part of oursupplier financing programs discussed further in Note 17.
(2)Includes $30.6 million and $42.3 million at December 31, 2023 and 2022, respectively, of liabilities related to an operational matter discussed further in Note 5.
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