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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Summary of Segment Financial Information |
Segment financial information for 2023 is as follows: |  |  |  |  |  |  |  |
In millions |  | Freight Segment |  | Transit Segment |  | Corporate Activities and Elimination |  | Total
Sales to external customers |  | $ | 6,962 |  |  | $ | 2,715 |  |  | $ | — |  |  | $ | 9,677 |
Intersegment sales/(elimination) |  | 60 |  |  | 41 |  |  | (101) |  |  | — |
Total sales |  | $ | 7,022 |  |  | $ | 2,756 |  |  | $ | (101) |  |  | $ | 9,677 |
Income (loss) from operations |  | $ | 1,071 |  |  | $ | 289 |  |  | $ | (94) |  |  | $ | 1,266 |
Interest expense and other, net |  | — |  |  | — |  |  | (174) |  |  | (174) |
Income (loss) before income taxes |  | $ | 1,071 |  |  | $ | 289 |  |  | $ | (268) |  |  | $ | 1,092 |
Depreciation and amortization |  | $ | 443 |  |  | $ | 71 |  |  | $ | 17 |  |  | $ | 531 |
Capital expenditures |  | $ | 120 |  |  | $ | 57 |  |  | $ | 9 |  |  | $ | 186 |
Segment assets |  | $ | 24,674 |  |  | $ | 5,099 |  |  | $ | (10,785) |  |  | $ | 18,988 |
Segment financial information for 2022 is as follows:
In millions |  | 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) before income taxes |  | $ | 717 |  |  | $ | 238 |  |  | $ | (218) |  |  | $ | 737 |
Depreciation and amortization |  | $ | 405 |  |  | $ | 70 |  |  | $ | 16 |  |  | $ | 491 |
Capital expenditures |  | $ | 79 |  |  | $ | 48 |  |  | $ | 3 |  |  | $ | 130 |
Summary of Geographic Area Data | The following geographic area data as of and for the years ended December 31, 2023, 2022 and 2021, 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 |  | 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022
United States |  | $ | 4,553 |  |  | $ | 3,734 |  |  | $ | 3,321 |  |  | $ | 948 |  |  | $ | 956 |
Canada |  | 531 |  |  | 454 |  |  | 462 |  |  | 7 |  |  | 5 |
Mexico |  | 347 |  |  | 287 |  |  | 220 |  |  | 23 |  |  | 21 |
North America |  | 5,431 |  |  | 4,475 |  |  | 4,003 |  |  | 978 |  |  | 982 |
South America |  | 346 |  |  | 336 |  |  | 301 |  |  | 47 |  |  | 37 |
Germany |  | 347 |  |  | 339 |  |  | 383 |  |  | 54 |  |  | 59 |
France |  | 346 |  |  | 273 |  |  | 286 |  |  | 58 |  |  | 52 |
United Kingdom |  | 248 |  |  | 213 |  |  | 300 |  |  | 44 |  |  | 40 |
Italy |  | 183 |  |  | 163 |  |  | 196 |  |  | 37 |  |  | 33 |
Other Europe |  | 520 |  |  | 458 |  |  | 515 |  |  | 60 |  |  | 52 |
Europe |  | 1,644 |  |  | 1,446 |  |  | 1,680 |  |  | 253 |  |  | 236 |
India |  | 593 |  |  | 531 |  |  | 531 |  |  | 122 |  |  | 131 |
Australia / New Zealand |  | 451 |  |  | 465 |  |  | 386 |  |  | 15 |  |  | 8 |
China |  | 286 |  |  | 244 |  |  | 228 |  |  | 28 |  |  | 29 |
Kazakhstan / Russia / CIS |  | 457 |  |  | 399 |  |  | 412 |  |  | 39 |  |  | 3 |
Other Asia / Middle East |  | 240 |  |  | 183 |  |  | 177 |  |  | — |  |  | — |
Egypt |  | 120 |  |  | 164 |  |  | 32 |  |  | — |  |  | — |
Other Africa |  | 109 |  |  | 119 |  |  | 72 |  |  | 3 |  |  | 3 |
Total |  | $ | 9,677 |  |  | $ | 8,362 |  |  | $ | 7,822 |  |  | $ | 1,485 |  |  | $ | 1,429 |
Summary of Sales by Product | Net sales to external customers by product line are as follows:
In millions |  | 2023 |  | 2022 |  | 2021
Freight Segment: |  |  |  |  |  |
Services |  | $ | 3,262 |  |  | $ | 2,819 |  |  | $ | 2,430 |
Equipment |  | 1,770 |  |  | 1,528 |  |  | 1,302 |
Components |  | 1,157 |  |  | 936 |  |  | 867 |
Digital Intelligence |  | 773 |  |  | 729 |  |  | 640 |
Total Freight Segment sales |  | $ | 6,962 |  |  | $ | 6,012 |  |  | $ | 5,239 |
Transit Segment: |  |  |  |  |  |
Original Equipment Manufacturer |  | $ | 1,235 |  |  | $ | 1,095 |  |  | $ | 1,193 |
Aftermarket |  | 1,480 |  |  | 1,255 |  |  | 1,390 |
Total Transit Segment sales |  | $ | 2,715 |  |  | $ | 2,350 |  |  | $ | 2,583 |

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