Axalta Coating Systems Ltd.
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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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.
Mar 31, 2026 · Filed Apr 30, 2026
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, 2025 | $(312) | $(71) | $— | $(383) |
| Current year deferrals to AOCI | (14) | — | 1 | (13) |
| Reclassifications from AOCI to Net income | (4) | 1 | — | (3) |
| Net Change | (18) | 1 | 1 | (16) |
| Balance, March 31, 2026 | $(330) | $(70) | $1 | $(399) |
The cumulative income tax expense related to the adjustments for foreign exchange at March 31, 2026 was $1 million. The cumulative income tax benefit related to the adjustments for pension benefits at March 31, 2026 was $29 million. The cumulative income tax expense related to the adjustments for the unrealized gain on derivatives at March 31, 2026 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, 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) |
The cumulative income tax expense related to the adjustments for foreign exchange at March 31, 2025 wasimmaterial. The cumulative income tax benefit related to the adjustments for pension benefits at March 31, 2025 was $27 million. The cumulative income tax expense related to the adjustments for the unrealized loss on derivatives at March 31, 2025 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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