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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Net sales:    
Total net sales $ 2,194.0 $ 1,927.0
Cost of sales:    
Total cost of sales (1,529.0) (1,332.0)
Gross profit 665.0 595.0
Operating expenses:    
Selling, general and administrative expenses (263.0) (238.0)
Engineering expenses (51.0) (45.0)
Amortization expense (75.0) (73.0)
Total operating expenses (389.0) (356.0)
Income from operations 276.0 239.0
Other income and expenses:    
Interest expense, net (48.0) (43.0)
Other income, net 5.0 4.0
Income before income taxes 233.0 200.0
Income tax expense (60.0) (50.0)
Net income 173.0 150.0
Less: Net income attributable to noncontrolling interest (4.0) (1.0)
Less: Net income attributable to noncontrolling interest $ 169.0 $ 149.0
Basic    
Net income attributable to Wabtec shareholders (in dollars per share) $ 0.94 $ 0.80
Diluted    
Net income attributable to Wabtec shareholders (in dollars per share) $ 0.93 $ 0.80
Weighted average shares outstanding    
Basic (in shares) 179.9 184.5
Diluted (in shares) 180.6 185.0
Goods    
Net sales:    
Total net sales $ 1,684.0 $ 1,505.0
Cost of sales:    
Total cost of sales (1,257.0) (1,084.0)
Services    
Net sales:    
Total net sales 510.0 422.0
Cost of sales:    
Total cost of sales $ (272.0) $ (248.0)