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SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company has two reportable segments—the Freight Segment and the Transit Segment. The key factors used to identify these reportable segments are the organization and alignment of the Company’s internal operations, the nature of the products and services, and customer type. Initiatives to integrate GE Transportation operations into Wabtec including recent restructuring programs announced in late 2019 resulted in changes to the Company's organizational structure and the financial reporting utilized by the Company's chief operating decision maker to assess performance and allocate resources; as a result, certain asset groups were reorganized from the Freight Segment to the Transit Segment and vice versa. The change in the Company’s reportable segments was effective in the fourth quarter of 2019 and is reflected below. The Company believes these changes better present Management's new view of the business. The Company’s business segments are:
Freight Segment primarily builds new locomotives, manufactures and services components for new and existing freight cars and locomotives, rebuilds freight locomotives, supplies railway electronics, positive train control equipment, signal design and engineering services, and provides related heat exchange and cooling systems. Customers include large, publicly traded railroads, leasing companies, manufacturers of original equipment such as locomotives and freight cars, and utilities.
Transit Segment primarily manufactures and services components for new and existing passenger transit vehicles, typically regional trains, high speed trains, subway cars, light-rail vehicles and buses. It also refurbishes subway cars and provides heating, ventilation, and air conditioning equipment, and doors for buses and subways. Customers include public transit authorities and municipalities, leasing companies, and manufacturers of subway cars and buses around the world.
The Company evaluates its business segments’ operating results based on income from operations. Intersegment sales are accounted for at prices that are generally established by reference to similar transactions with unaffiliated customers. Corporate activities include general corporate expenses, elimination of intersegment transactions, interest income and expense and other unallocated charges. The changes to the asset groups comprising the Freight and Transit segments have been reflected through retrospective revision of prior period segment information.
Segment financial information for 2020 is as follows:    
In millionFreight SegmentTransit SegmentCorporate Activities and EliminationTotal
Sales to external customers$5,082.3 $2,473.8 $— $7,556.1 
Intersegment sales/(elimination)48.6 36.5 (85.1)— 
Total sales$5,130.9 $2,510.3 $(85.1)$7,556.1 
Income (loss) from operations$583.9 $229.7 $(69.1)$744.5 
Interest expense and other, net— — (187.3)(187.3)
Income (loss) before income taxes$583.9 $229.7 $(256.4)$557.2 
Depreciation and amortization$393.9 $66.7 $12.7 $473.3 
Capital expenditures70.4 39.9 26.1 136.4 
Segment assets15,392.8 6,395.0 (3,333.3)18,454.5 
Segment financial information for 2019 is as follows:
In millionsFreight SegmentTransit SegmentCorporate Activities and EliminationTotal
Sales to external customers$5,441.4 $2,758.6 $— $8,200.0 
Intersegment sales/(elimination)59.6 23.4 (83.0)— 
Total sales$5,501.0 $2,782.0 $(83.0)$8,200.0 
Income (loss) from operations$642.9 $214.4 $(194.2)$663.1 
Interest expense and other, net— — (216.3)(216.3)
Income (loss) before income taxes$642.9 $214.4 $(410.5)$446.8 
Depreciation and amortization$330.4 $62.2 $8.8 $401.4 
Capital expenditures105.1 63.7 16.5 185.3 
Segment assets14,450.9 6,026.0 (1,532.7)18,944.2 

Segment financial information for 2018 is as follows:    
In millionsFreight SegmentTransit SegmentCorporate Activities and EliminationTotal
Sales to external customers$1,766.4 $2,597.1 $— $4,363.5 
Intersegment sales/(elimination)52.8 11.3 (64.1)— 
Total sales$1,819.2 $2,608.4 $(64.1)$4,363.5 
Income (loss) from operations$334.3 $192.5 $(53.4)$473.4 
Interest expense and other, net— — (105.8)(105.8)
Income (loss) before income taxes$334.3 $192.5 $(159.2)$367.6 
Depreciation and amortization$41.6 $62.7 $5.0 $109.3 
Capital expenditures$24.6 $61.6 $7.1 $93.3 
The following geographic area data as of and for the years ended December 31, 2020, 2019 and 2018, respectively, includes net sales based on product shipment destination and long-lived assets, which consist of plant, property and equipment, net of depreciation, resident in their respective countries:
Net SalesLong-Lived Assets
In millions20202019201820202019
United States$3,160.7 $3,381.0 $1,460.3 $1,039.7 $1,089.8 
Canada372.4 733.3 279.0 9.4 13.2 
Mexico187.3 356.6 200.6 22.5 23.7 
North America3,720.4 4,470.9 1,939.9 1,071.6 1,126.7 
South America217.1 217.8 105.7 31.6 40.0 
United Kingdom314.0 376.2 395.8 51.4 55.5 
Germany350.5 340.0 314.7 81.8 77.7 
France251.8 294.3 247.8 58.5 57.7 
Italy172.3 206.3 189.8 31.0 29.3 
Switzerland83.0 88.6 59.8 2.1 1.9 
Other Europe405.1 386.5 354.5 59.8 56.6 
Europe1,576.7 1,691.9 1,562.4 284.6 278.7 
India441.1 504.2 178.5 164.3 159.2 
Australia / New Zealand366.2 300.7 176.2 11.9 12.0 
China225.0 290.4 170.3 30.4 33.4 
Other Asia / Middle East198.9 215.9 167.5 0.5 0.6 
Egypt359.8 227.6 0.6 — — 
Other Africa138.4 105.8 46.8 4.4 3.8 
Russia / CIS312.5 174.8 15.6 2.3 1.4 
Total$7,556.1 $8,200.0 $4,363.5 $1,601.6 $1,655.8 
Net sales by product line are as follows:
In millions202020192018
Freight Segment:
Equipment$1,531.5 $1,699.7 $— 
Components818.7 1,073.5 1,169.1 
Digital Electronics664.0 677.1 474.1 
Services2,068.1 1,991.1 123.2 
Total Freight Segment sales$5,082.3 $5,441.4 $1,766.4 
Transit Segment:
Original Equipment Manufacturer1,138.6 1,286.6 1,194.0 
Aftermarket1,335.2 1,472.0 1,403.1 
Total Transit Segment sales$2,473.8 $2,758.6 $2,597.1