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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash, cash equivalents and restricted cash $ 541 $ 473
Accounts receivable 975 1,085
Unbilled accounts receivable 544 392
Inventories, net 2,034 1,689
Other current assets 233 193
Total current assets 4,327 3,832
Property, plant and equipment, net 1,429 1,497
Goodwill 8,508 8,587
Other intangible assets, net 3,402 3,705
Other noncurrent assets 850 833
Total noncurrent assets 14,189 14,622
Total Assets 18,516 18,454
Liabilities    
Accounts payable 1,301 1,012
Customer deposits 772 629
Accrued compensation 300 335
Accrued warranty 215 228
Current portion of long-term debt 251 2
Other accrued liabilities 628 704
Total current liabilities 3,467 2,910
Long-term debt 3,751 4,056
Accrued postretirement and pension benefits 57 77
Deferred income taxes 326 288
Contingent consideration 47 141
Other long term liabilities 721 743
Total Liabilities 8,369 8,215
Commitments and Contingencies (Note 18)
Equity    
Common stock, $.01 par value; 500.0 shares authorized and 226.9 shares issued; 181.2 and 185.8 shares outstanding at December 31, 2022 and 2021, respectively 2 2
Additional paid-in capital 7,953 7,916
Treasury stock, at cost, 45.7 and 41.1 shares, at December 31, 2022 and 2021, respectively (1,769) (1,306)
Retained earnings 4,577 4,055
Accumulated other comprehensive loss (661) (466)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 10,102 10,201
Noncontrolling interest 45 38
Total Equity 10,147 10,239
Total Liabilities and Equity $ 18,516 $ 18,454