Axalta Coating Systems Ltd
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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(1) ACCOUNTS PAYABLE AND OTHER ACCRUED LIABILITIES
(17)ACCOUNTS PAYABLE AND OTHER ACCRUED LIABILITIES
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Accounts Payable | ||
| Trade payables (1) | $603 | $665 |
| Non-income taxes | 26 | 25 |
| Other | 30 | 35 |
| Total | $659 | $725 |
| Other Accrued Liabilities | ||
| Compensation and other employee-related costs | $245 | $259 |
| Restructuring—current | 46 | 14 |
| Discounts, rebates, and warranties (2) | 246 | 231 |
| Operating lease liabilities | 27 | 31 |
| Income taxes payable | 29 | 37 |
| Other | 82 | 105 |
| Total | $675 | $677 |
(1)Includes $28 million and $35 million at December 31, 2024 and 2023, respectively, payable to banking institutions as part of oursupplier financing programs discussed further in Note 18.
(2)Includes $27 million and $31 million at December 31, 2024 and 2023, respectively, of liabilities related to an operational matter discussed further in Note 6.
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