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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash, cash equivalents and restricted cash $ 595 $ 620
Accounts receivable 1,269 1,160
Unbilled accounts receivable 532 524
Inventories, net 2,364 2,284
Other current assets 267 267
Total current assets 5,027 4,855
Property, plant and equipment, net 1,439 1,485
Goodwill 8,706 8,780
Other intangible assets, net 3,031 3,205
Other noncurrent assets 673 663
Total noncurrent assets 13,849 14,133
Total Assets 18,876 18,988
Liabilities    
Accounts payable 1,331 1,250
Customer deposits 646 804
Accrued compensation 280 341
Accrued warranty 228 220
Current portion of long-term debt 503 781
Other accrued liabilities 659 660
Total current liabilities 3,647 4,056
Long-term debt 3,494 3,288
Accrued postretirement and pension benefits 61 62
Deferred income taxes 323 318
Other long-term liabilities 831 740
Total Liabilities 8,356 8,464
Commitments and contingencies (Note 14)
Equity    
Common stock, $.01 par value; 500.0 shares authorized and 226.9 shares issued: 175.6 and 177.8 outstanding at June 30, 2024 and December 31, 2023, respectively 2 2
Additional paid-in capital 7,981 7,977
Treasury stock, at cost, 51.3 and 49.1 shares, at June 30, 2024 and December 31, 2023, respectively (2,545) (2,171)
Retained earnings 5,759 5,269
Accumulated other comprehensive loss (720) (590)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 10,477 10,487
Noncontrolling interest 43 37
Total Equity 10,520 10,524
Total Liabilities and Equity $ 18,876 $ 18,988