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Segments (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Adjusted EBITDA is the primary measure used by our CODM to evaluate financial performance of the operating segments and allocate resources and is therefore our measure of segment profitability in accordance with GAAP under ASC 280, Segment Reporting. Asset information is not reviewed or included with our internal management reporting. Therefore, we have not disclosed asset information for each reportable segment. The following table presents relevant information of our reportable segments.
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Net sales (1):
Refinish$546 $520 $1,065 $1,018 
Industrial341 336 670 685 
Total Net sales Performance Coatings887 856 1,735 1,703 
Light Vehicle354 330 696 659 
Commercial Vehicle110 108 214 216 
Total Net sales Mobility Coatings464 438 910 875 
Total Net sales$1,351 $1,294 $2,645 $2,578 
(1)The Company has no intercompany sales between segments.
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table reconciles our segment operating performance to income before income taxes for the periods presented:
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Segment Adjusted EBITDA (1):
Performance Coatings$223 $181 $419 $350 
Mobility Coatings68 46 131 90 
Total291 227 550 440 
Interest expense, net50 55 104 103 
Depreciation and amortization68 66 136 136 
Debt extinguishment and refinancing-related costs (a)
— 1 3 3 
Termination benefits and other employee-related costs (b)
1 2 56 2 
Acquisition and divestiture-related costs (c)
2 (1)4 — 
Site closure costs (d)
— 1 1 2 
Impairment charges (e)
— 8 — 15 
Foreign exchange remeasurement losses (f)
3 10 8 12 
Long-term employee benefit plan adjustments (g)
2 2 5 4 
Stock-based compensation (h)
8 8 14 14 
Environmental charge (i)
— — 4 — 
Other adjustments (j)
1 1 — (1)
Income before income taxes$156 $74 $215 $150 
(1)The primary measure of segment operating performance is Adjusted EBITDA, which is defined as net income before interest, taxes, depreciation, amortization and select other items impacting operating results. These other items impacting operating results are items that management has concluded are (1) non-cash items included within net income, (2) items the Company does not believe are indicative of ongoing operating performance or (3) non-recurring, unusual or infrequent items that have not occurred within the last two years or we believe are not reasonably likely to recur within the next two years. Adjusted EBITDA is a key metric that is used by management to evaluate business performance in comparison to budgets, forecasts and prior year financial results, providing a measure that management believes reflects the Company's core operating performance, which represents Adjusted EBITDA adjusted for the select items referred to above.
(a)Represents expenses and associated changes to estimates related to the prepayment, restructuring, and refinancing of our indebtedness, which are not considered indicative of our ongoing operating performance.
(b)Represents expenses and associated changes to estimates related to employee termination benefits, consulting, legal and other employee-related costs associated with restructuring programs and other employee-related costs. These amounts are not considered indicative of our ongoing operating performance.
(c)Represents acquisition and divestiture-related expenses and integration activities associated with our business combinations, all of which are not considered indicative of our ongoing operating performance.
(d)Represents costs related to the closure of certain manufacturing sites, which we do not consider indicative of our ongoing operating performance.
(e)Represents impairment charges, which are not considered indicative of our ongoing operating performance. The losses recorded during the three and six months ended June 30, 2023 were due to the decision to demolish assets at a previously closed manufacturing site during the three months ended June 30, 2023 and the then anticipated exit of a non-core business category in the Mobility Coatings segment during the three months ended March 31, 2023.
(f)Represents foreign exchange losses resulting from the remeasurement of assets and liabilities denominated in foreign currencies, net of the impacts of our foreign currency instruments used to hedge our balance sheet exposures.
(g)Represents the non-cash, non-service cost components of long-term employee benefit costs.
(h)Represents non-cash impacts associated with stock-based compensation.
(i)Represents costs related to certain environmental remediation activities, which are not considered indicative of our ongoing operating performance.
(j)Represents costs for certain non-operational or non-cash losses (gains), unrelated to our core business and which we do not consider indicative of our ongoing operating performance.