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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Financial Information

Segment financial information for the three months ended March 31, 2025 is as follows:

In millions			Freight Segment						Transit Segment						Corporate Activities and Elimination						Total
Sales to external customers			$	1,901					$	709					$	—					$	2,610
Cost of sales			(1,216)						(494)						—						(1,710)
Gross profit			$	685					$	215					$	—					$	900
Gross margin			36.0		%				30.3		%
Selling, general & administrative expenses			$	(164)					$	(107)					$	(36)					$	(307)
Engineering expenses			(36)						(10)						—						(46)
Amortization expense			(65)						(8)						—						(73)
Income (loss) from operations			420						90						(36)						474
Interest expense and other, net			—						—						(48)						(48)
Income (loss) before income taxes			$	420					$	90					$	(84)					$	426
Intersegment sales/(elimination)			$	11					$	9					$	(20)					$	—
Depreciation and amortization			$	97					$	20					$	3					$	120
Capital expenditures			$	31					$	10					$	3					$	44
Segment assets			$	13,224					$	4,145					$	1,727					$	19,096

Segment financial information for the three months ended March 31, 2024 is as follows:

In millions			Freight Segment						Transit Segment						Corporate Activities and Elimination						Total
Sales to external customers			$	1,824					$	673					$	—					$	2,497
Cost of sales			(1,199)						(483)						—						(1,682)
Gross profit			$	625					$	190					$	—					$	815
Gross margin			34.3		%				28.2		%
Selling, general & administrative expenses			$	(150)					$	(101)					$	(30)					$	(281)
Engineering expenses			(39)						(9)						—						(48)
Amortization expense			(68)						(6)						—						(74)
Income (loss) from operations			368						74						(30)						412
Interest expense and other, net			—						—						(49)						(49)
Income (loss) before income taxes			$	368					$	74					$	(79)					$	363
Intersegment sales/(elimination)			$	13					$	11					$	(24)					$	—
Depreciation and amortization			$	103					$	16					$	4					$	123
Capital expenditures			$	17					$	13					$	1					$	31
Segment assets			$	13,316					$	3,938					$	1,493					$	18,747

Schedule of Sales by Product

Sales to external customers by product line are as follows:

						Three Months Ended March 31,
In millions						2025						2024
Freight Segment:
Services						$	863					$	738
Equipment						476						526
Components						381						384
Digital Intelligence						181						176
Total Freight Segment						$	1,901					$	1,824
Transit Segment:
Original Equipment Manufacturer						$	322					$	310
Aftermarket						387						363
Total Transit Segment						$	709					$	673

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

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-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 30
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