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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 587.9 $ 604.2
Accounts receivable 964.4 1,149.9
Unbilled accounts receivables 445.9 514.0
Inventories 1,799.5 1,773.1
Other current assets 172.0 150.9
Total current assets 3,969.7 4,192.1
Property, plant and equipment 2,240.5 2,216.0
Accumulated depreciation (628.1) (560.2)
Property, plant and equipment, net 1,612.4 1,655.8
Other Assets    
Goodwill 8,309.9 8,360.6
Other intangibles, net 3,935.4 4,104.0
Other noncurrent assets 638.0 631.7
Total other assets 12,883.3 13,096.3
Total Assets 18,465.4 18,944.2
Current Liabilities    
Accounts payable 1,006.0 1,157.5
Customer deposits 619.5 604.2
Accrued compensation 231.1 343.8
Accrued warranty 216.8 226.5
Current portion of long-term debt 697.1 95.7
Other accrued liabilities 712.7 830.3
Total current liabilities 3,483.2 3,258.0
Long-term debt 3,768.7 4,333.6
Accrued postretirement and pension benefits 106.6 113.0
Deferred income taxes 155.6 145.3
Contingent consideration 297.6 291.8
Other long term liabilities 773.1 808.9
Total Liabilities 8,584.8 8,950.6
Commitments and contingencies (Note 15)
Equity    
Convertible preferred stock, $.01 par value; 1.0 shares authorized, no shares issued and outstanding, at June 30, 2020 and December 31, 2019 0.0 0.0
Common stock, $.01 par value; 500.0 shares authorized: 226.9 and 226.9 shares issued and 190.3 and 191.7 outstanding at June 30, 2020 and December 31, 2019, respectively 2.0 2.0
Additional paid-in capital 7,871.7 7,877.2
Treasury stock, at cost, 36.6 and 35.2 shares, at June 30, 2020 and December 31, 2019, respectively (909.3) (807.1)
Retained earnings 3,419.0 3,267.0
Accumulated other comprehensive loss (537.8) (382.6)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 9,845.6 9,956.5
Noncontrolling interest 35.0 37.1
Total Equity 9,880.6 9,993.6
Total Liabilities and Equity $ 18,465.4 $ 18,944.2