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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 559.3 $ 604.2
Accounts receivable 1,020.0 1,149.9
Unbilled accounts receivables 413.5 514.0
Inventories 1,779.7 1,773.1
Other current assets 163.7 150.9
Total current assets 3,936.2 4,192.1
Property, plant and equipment 2,283.6 2,216.0
Accumulated depreciation (679.9) (560.2)
Property, plant and equipment, net 1,603.7 1,655.8
Other Assets    
Goodwill 8,366.1 8,360.6
Other intangibles, net 3,889.6 4,104.0
Other noncurrent assets 648.8 631.7
Total other assets 12,904.5 13,096.3
Total Assets 18,444.4 18,944.2
Current Liabilities    
Accounts payable 962.0 1,157.5
Customer deposits 640.9 604.2
Accrued compensation 243.9 343.8
Accrued warranty 223.0 226.5
Current portion of long-term debt 454.8 95.7
Other accrued liabilities 704.0 830.3
Total current liabilities 3,228.6 3,258.0
Long-term debt 3,799.9 4,333.6
Accrued postretirement and pension benefits 106.1 113.0
Deferred income taxes 163.1 145.3
Contingent consideration 300.5 291.8
Other long-term liabilities 793.8 808.9
Total Liabilities 8,392.0 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 September 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 September 30, 2020 and December 31, 2019, respectively 2.0 2.0
Additional paid-in capital 7,882.3 7,877.2
Treasury stock, at cost, 36.6 and 35.2 shares, at September 30, 2020 and December 31, 2019, respectively (909.4) (807.1)
Retained earnings 3,524.2 3,267.0
Accumulated other comprehensive loss (482.2) (382.6)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 10,016.9 9,956.5
Noncontrolling interest 35.5 37.1
Total Equity 10,052.4 9,993.6
Total Liabilities and Equity $ 18,444.4 $ 18,944.2