XML 73 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 514 $ 473
Accounts receivable 1,004 1,085
Unbilled accounts receivable 458 392
Inventories 2,023 1,689
Other current assets 200 193
Total current assets 4,199 3,832
Property, plant and equipment, net 1,402 1,497
Goodwill 8,361 8,587
Other intangible assets, net 3,410 3,705
Other noncurrent assets 890 833
Total noncurrent assets 14,063 14,622
Total Assets 18,262 18,454
Liabilities    
Accounts payable 1,206 1,012
Customer deposits 691 629
Accrued compensation 278 335
Accrued warranty 208 228
Current portion of long-term debt 251 2
Other accrued liabilities 694 704
Total current liabilities 3,328 2,910
Long-term debt 3,824 4,056
Accrued postretirement and pension benefits 63 77
Deferred income taxes 287 288
Contingent consideration 143 141
Other long-term liabilities 692 743
Total Liabilities 8,337 8,215
Commitments and contingencies (Note 14)
Equity    
Common stock, $.01 par value; 500.0 shares authorized and 226.9 shares issued: 181.9 and 185.8 outstanding at September 30, 2022 and December 31, 2021, respectively 2 2
Additional paid-in capital 7,937 7,916
Treasury stock, at cost, 45.0 and 41.1 shares, at September 30, 2022 and December 31, 2021, respectively (1,697) (1,306)
Retained earnings 4,447 4,055
Accumulated other comprehensive loss (808) (466)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 9,881 10,201
Noncontrolling interest 44 38
Total Equity 9,925 10,239
Total Liabilities and Equity $ 18,262 $ 18,454