Axalta Coating Systems Ltd.
For the period ended Sep 30, 2025. Filed Oct 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 29, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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(18) ACCUMULATED OTHER COMPREHENSIVE LOSS
| UnrealizedCurrencyTranslationAdjustments | Pension PlanAdjustments | Unrealized(Loss) Gain onDerivatives | AccumulatedOtherComprehensive Loss | |
|---|---|---|---|---|
| Balance, December 31, 2024 | $(517) | $(64) | $(1) | $(582) |
| Current year deferrals to AOCI | 66 | — | — | 66 |
| Reclassifications from AOCI to Net income | (5) | 1 | — | (4) |
| Net Change | 61 | 1 | — | 62 |
| Balance, March 31, 2025 | (456) | (63) | (1) | (520) |
| Current year deferrals to AOCI | 140 | — | — | 140 |
| Reclassifications from AOCI to Net income | (4) | 1 | — | (3) |
| Net Change | 136 | 1 | — | 137 |
| Balance, June 30, 2025 | (320) | (62) | (1) | (383) |
| Current year deferrals to AOCI | 2 | — | 1 | 3 |
| Reclassifications from AOCI to Net income | (4) | — | — | (4) |
| Net Change | (2) | — | 1 | (1) |
| Balance, September 30, 2025 | $(322) | $(62) | $— | $(384) |
The cumulative income tax benefit related to the adjustments for foreign exchange at September 30, 2025 was $7 million. The cumulative income tax benefit related to the adjustments for pension benefits at September 30, 2025 was $26 million. The cumulative income tax expense related to the adjustments for the unrealized loss on derivatives at September 30, 2025 wasimmaterial. See Note 16 for classification within the condensed consolidated statements of operations of the gains and losses on derivatives reclassified from AOCI.
| UnrealizedCurrencyTranslationAdjustments | Pension PlanAdjustments | UnrealizedLoss onDerivatives | AccumulatedOtherComprehensive Loss | |
|---|---|---|---|---|
| Balance, December 31, 2023 | $(374) | $(70) | $— | $(444) |
| Current year deferrals to AOCI | (41) | — | — | (41) |
| Reclassifications from AOCI to Net income | (4) | 1 | — | (3) |
| Net Change | (45) | 1 | — | (44) |
| Balance, March 31, 2024 | (419) | (69) | — | (488) |
| Current year deferrals to AOCI | (26) | — | — | (26) |
| Reclassifications from AOCI to Net income | (4) | 1 | — | (3) |
| Net Change | (30) | 1 | — | (29) |
| Balance, June 30, 2024 | (449) | (68) | — | (517) |
| Current year deferrals to AOCI | 80 | — | (2) | 78 |
| Reclassifications from AOCI to Net income | (3) | — | — | (3) |
| Net Change | 77 | — | (2) | 75 |
| Balance, September 30, 2024 | $(372) | $(68) | $(2) | $(442) |
The cumulative income tax benefit related to the adjustments for pension benefits at September 30, 2024 was $3 million. The cumulative income tax benefit related to the adjustments for pension benefits at September 30, 2024 was $29 million. The cumulative income tax expense related to the adjustments for the unrealized gain on derivatives at September 30, 2024 wasimmaterial. See Note 16 for classification within the condensed consolidated statements of operations of the gains and losses on derivatives reclassified from AOCI.
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