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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash, cash equivalents and restricted cash $ 392 $ 541
Accounts receivable 1,104 975
Unbilled accounts receivable 610 544
Inventories, net 2,246 2,034
Other current assets 282 233
Total current assets 4,634 4,327
Property, plant and equipment, net 1,419 1,429
Goodwill 8,590 8,508
Other intangible assets, net 3,267 3,402
Other noncurrent assets 890 850
Total noncurrent assets 14,166 14,189
Total Assets 18,800 18,516
Liabilities    
Accounts payable 1,243 1,301
Customer deposits 679 772
Accrued compensation 308 300
Accrued warranty 220 215
Current portion of long-term debt 759 251
Other accrued liabilities 682 628
Total current liabilities 3,891 3,467
Long-term debt 3,288 3,751
Accrued postretirement and pension benefits 63 57
Deferred income taxes 355 326
Contingent consideration 49 47
Other long-term liabilities 787 721
Total Liabilities 8,433 8,369
Commitments and contingencies (Note 14)
Equity    
Common stock, $.01 par value; 500.0 shares authorized and 226.9 shares issued: 179.1 and 181.2 outstanding at September 30, 2023 and December 31, 2022, respectively 2 2
Additional paid-in capital 7,965 7,953
Treasury stock, at cost, 47.8 and 45.7 shares, at September 30, 2023 and December 31, 2022, respectively (2,013) (1,769)
Retained earnings 5,085 4,577
Accumulated other comprehensive loss (713) (661)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 10,326 10,102
Noncontrolling interest 41 45
Total Equity 10,367 10,147
Total Liabilities and Equity $ 18,800 $ 18,516