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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Summary of Segment Financial Information |
Segment financial information for 2022 is as follows: |  |  |  |  |  |  |  |
In million |  | Freight Segment |  | Transit Segment |  | Corporate Activities and Elimination |  | Total
Sales to external customers |  | $ | 6,012 |  |  | $ | 2,350 |  |  | $ | — |  |  | $ | 8,362 |
Intersegment sales/(elimination) |  | 51 |  |  | 31 |  |  | (82) |  |  | — |
Total sales |  | $ | 6,063 |  |  | $ | 2,381 |  |  | $ | (82) |  |  | $ | 8,362 |
Income (loss) from operations |  | $ | 864 |  |  | $ | 231 |  |  | $ | (84) |  |  | $ | 1,011 |
Interest expense and other, net |  | — |  |  | — |  |  | (157) |  |  | (157) |
Income (loss) before income taxes |  | $ | 864 |  |  | $ | 231 |  |  | $ | (241) |  |  | $ | 854 |
Depreciation and amortization |  | $ | 399 |  |  | $ | 60 |  |  | $ | 20 |  |  | $ | 479 |
Capital expenditures |  | $ | 87 |  |  | $ | 54 |  |  | $ | 8 |  |  | $ | 149 |
Segment assets |  | $ | 21,118 |  |  | $ | 5,116 |  |  | $ | (7,718) |  |  | $ | 18,516 |
Segment financial information for 2021 is as follows:
In millions |  | Freight Segment |  | Transit Segment |  | Corporate Activities and Elimination |  | Total
Sales to external customers |  | $ | 5,239 |  |  | $ | 2,583 |  |  | $ | — |  |  | $ | 7,822 |
Intersegment sales/(elimination) |  | 48 |  |  | 33 |  |  | (81) |  |  | — |
Total sales |  | $ | 5,287 |  |  | $ | 2,616 |  |  | $ | (81) |  |  | $ | 7,822 |
Income (loss) from operations |  | $ | 717 |  |  | $ | 238 |  |  | $ | (79) |  |  | $ | 876 |
Interest expense and other, net |  | — |  |  | — |  |  | (139) |  |  | (139) |
Income (loss) from operations before income taxes |  | $ | 717 |  |  | $ | 238 |  |  | $ | (218) |  |  | $ | 737 |
Depreciation and amortization |  | $ | 405 |  |  | $ | 70 |  |  | $ | 16 |  |  | $ | 491 |
Capital expenditures |  | $ | 79 |  |  | $ | 48 |  |  | $ | 3 |  |  | $ | 130 |
Segment assets |  | $ | 18,291 |  |  | $ | 5,768 |  |  | $ | (5,605) |  |  | $ | 18,454 |
Segment financial information for 2020 is as follows: |  |  |  |  |  |  |  |
In millions |  | Freight Segment |  | Transit Segment |  | Corporate Activities and Elimination |  | Total
Sales to external customers |  | $ | 5,082 |  |  | $ | 2,474 |  |  | $ | — |  |  | $ | 7,556 |
Intersegment sales/(elimination) |  | 49 |  |  | 37 |  |  | (86) |  |  | — |
Total sales |  | $ | 5,131 |  |  | $ | 2,511 |  |  | $ | (86) |  |  | $ | 7,556 |
Income (loss) from operations |  | $ | 584 |  |  | $ | 230 |  |  | $ | (69) |  |  | $ | 745 |
Interest expense and other, net |  | — |  |  | — |  |  | (188) |  |  | (188) |
Income (loss) before income taxes |  | $ | 584 |  |  | $ | 230 |  |  | $ | (257) |  |  | $ | 557 |
Depreciation and amortization |  | $ | 393 |  |  | $ | 67 |  |  | $ | 13 |  |  | $ | 473 |
Capital expenditures |  | $ | 70 |  |  | $ | 40 |  |  | $ | 26 |  |  | $ | 136 |
Summary of Geographic Area Data | The following geographic area data as of and for the years ended December 31, 2022, 2021 and 2020, respectively, includes net sales based on product shipment destination and long-lived assets, which consist of property, plant and equipment, net of depreciation, resident in their respective countries:
|  | Net Sales |  | Long-Lived Assets
In millions |  | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021
United States |  | $ | 3,734 |  |  | $ | 3,321 |  |  | $ | 3,161 |  |  | $ | 956 |  |  | $ | 983 |
Canada |  | 454 |  |  | 462 |  |  | 372 |  |  | 5 |  |  | 6 |
Mexico |  | 287 |  |  | 220 |  |  | 187 |  |  | 21 |  |  | 22 |
North America |  | 4,475 |  |  | 4,003 |  |  | 3,720 |  |  | 982 |  |  | 1,011 |
South America |  | 336 |  |  | 301 |  |  | 217 |  |  | 37 |  |  | 32 |
United Kingdom |  | 213 |  |  | 300 |  |  | 314 |  |  | 40 |  |  | 45 |
Germany |  | 339 |  |  | 383 |  |  | 351 |  |  | 59 |  |  | 70 |
France |  | 273 |  |  | 286 |  |  | 252 |  |  | 52 |  |  | 54 |
Italy |  | 163 |  |  | 196 |  |  | 172 |  |  | 33 |  |  | 29 |
Switzerland |  | 73 |  |  | 88 |  |  | 83 |  |  | 2 |  |  | 2 |
Other Europe |  | 385 |  |  | 427 |  |  | 405 |  |  | 50 |  |  | 55 |
Europe |  | 1,446 |  |  | 1,680 |  |  | 1,577 |  |  | 236 |  |  | 255 |
India |  | 531 |  |  | 531 |  |  | 441 |  |  | 131 |  |  | 151 |
Australia / New Zealand |  | 465 |  |  | 386 |  |  | 366 |  |  | 8 |  |  | 9 |
China |  | 244 |  |  | 228 |  |  | 225 |  |  | 29 |  |  | 32 |
Other Asia / Middle East |  | 183 |  |  | 177 |  |  | 199 |  |  | — |  |  | — |
Egypt |  | 164 |  |  | 32 |  |  | 360 |  |  | — |  |  | — |
Other Africa |  | 119 |  |  | 72 |  |  | 138 |  |  | 3 |  |  | 4 |
Kazakhstan / Russia / CIS |  | 399 |  |  | 412 |  |  | 313 |  |  | 3 |  |  | 3 |
Total |  | $ | 8,362 |  |  | $ | 7,822 |  |  | $ | 7,556 |  |  | $ | 1,429 |  |  | $ | 1,497 |
Summary of Sales by Product | Net sales to external customers by product line are as follows:
In millions |  | 2022 |  | 2021 |  | 2020
Freight Segment: |  |  |  |  |  |
Services |  | $ | 2,819 |  |  | $ | 2,430 |  |  | $ | 2,068 |
Equipment |  | 1,528 |  |  | 1,302 |  |  | 1,531 |
Components |  | 936 |  |  | 867 |  |  | 819 |
Digital Electronics |  | 729 |  |  | 640 |  |  | 664 |
Total Freight Segment sales |  | $ | 6,012 |  |  | $ | 5,239 |  |  | $ | 5,082 |
Transit Segment: |  |  |  |  |  |
Original Equipment Manufacturer |  | $ | 1,095 |  |  | $ | 1,193 |  |  | $ | 1,139 |
Aftermarket |  | 1,255 |  |  | 1,390 |  |  | 1,335 |
Total Transit Segment sales |  | $ | 2,350 |  |  | $ | 2,583 |  |  | $ | 2,474 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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