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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 598.7 $ 604.2
Accounts receivable 969.3 1,149.9
Unbilled accounts receivables 443.2 514.0
Inventories 1,642.1 1,773.1
Other current assets 226.5 150.9
Total current assets 3,879.8 4,192.1
Property, plant and equipment, net 1,601.6 1,655.8
Goodwill 8,485.2 8,360.6
Other intangibles, net 3,869.2 4,104.0
Other noncurrent assets 618.7 631.7
Total other assets 12,973.1 13,096.3
Total Assets 18,454.5 18,944.2
Current Liabilities    
Accounts payable 909.4 1,157.5
Customer deposits 642.7 604.2
Accrued compensation 242.3 343.8
Accrued warranty 240.1 226.5
Current portion of long-term debt 447.2 95.7
Other accrued liabilities 744.6 830.3
Total current liabilities 3,226.3 3,258.0
Long-term debt 3,792.2 4,333.6
Accrued postretirement and pension benefits 113.5 113.0
Deferred income taxes 168.4 145.3
Contingent consideration 218.1 291.8
Other long term liabilities 783.3 808.9
Total Liabilities 8,301.8 8,950.6
Commitment and Contingencies (Note 19)
Equity    
Convertible preferred stock, $.01 par value; 1.0 shares authorized, no shares issued and outstanding, at December 31, 2020 and 2019 0.0 0.0
Common stock, $.01 par value; 500.0 shares authorized: 226.9 and 226.9 shares issued and 188.9 and 191.7 outstanding at December 31, 2020 and 2019, respectively 2.0 2.0
Additional paid-in capital 7,880.6 7,877.2
Treasury stock, at cost, 38.0 and 35.2 shares, at December 31, 2020 and 2019, respectively (1,010.1) (807.1)
Retained earnings 3,588.9 3,267.0
Accumulated other comprehensive loss (339.1) (382.6)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 10,122.3 9,956.5
Noncontrolling interest 30.4 37.1
Total Equity 10,152.7 9,993.6
Total Liabilities and Equity $ 18,454.5 $ 18,944.2