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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash, cash equivalents and restricted cash $ 698 $ 715
Accounts receivable 1,392 1,152
Unbilled accounts receivable 540 550
Inventories, net 2,378 2,314
Other current assets 247 212
Total current assets 5,255 4,943
Property, plant and equipment, net 1,462 1,447
Goodwill 8,787 8,710
Other intangible assets, net 2,892 2,934
Other noncurrent assets 700 668
Total noncurrent assets 13,841 13,759
Total Assets 19,096 18,702
Liabilities    
Accounts payable 1,324 1,300
Customer deposits 796 693
Accrued compensation 419 425
Accrued warranty 249 248
Current portion of long-term debt 504 500
Other accrued liabilities 635 626
Total current liabilities 3,927 3,792
Long-term debt 3,503 3,480
Accrued postretirement and pension benefits 60 58
Deferred income taxes 390 376
Other long-term liabilities 802 863
Total Liabilities 8,682 8,569
Commitments and contingencies (Note 14)
Equity    
Common stock, $.01 par value; 500.0 shares authorized; 171.9 shares issued and 171.1 outstanding at March 31, 2025; 226.9 shares issued and 171.3 outstanding at December 31, 2024 1 2
Additional paid-in capital 8,009 8,023
Treasury stock, at cost, 0.8 and 55.6 shares, at March 31, 2025 and December 31, 2024, respectively (69) (3,273)
Retained earnings 3,160 6,185
Accumulated other comprehensive loss (733) (846)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 10,368 10,091
Noncontrolling interest 46 42
Total Equity 10,414 10,133
Total Liabilities and Equity $ 19,096 $ 18,702