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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash, cash equivalents and restricted cash $ 528 $ 715
Accounts receivable 1,662 1,152
Unbilled accounts receivable 536 550
Inventories, net 2,747 2,314
Other current assets 315 212
Total current assets 5,788 4,943
Property, plant and equipment, net 1,534 1,447
Goodwill 9,853 8,710
Other intangible assets, net 3,546 2,934
Other noncurrent assets 806 668
Total noncurrent assets 15,739 13,759
Total Assets 21,527 18,702
Liabilities    
Accounts payable 1,429 1,300
Customer deposits 940 693
Accrued compensation 424 425
Accrued warranty 261 248
Current portion of long-term debt 251 500
Other accrued liabilities 759 626
Total current liabilities 4,064 3,792
Long-term debt 5,034 3,480
Accrued postretirement and pension benefits 64 58
Deferred income taxes 553 376
Other long-term liabilities 717 863
Total Liabilities 10,432 8,569
Commitments and contingencies (Note 14)
Equity    
Common stock, $.01 par value; 500.0 shares authorized; 171.9 shares issued and 170.9 outstanding at September 30, 2025; 226.9 shares issued and 171.3 outstanding at December 31, 2024 1 2
Additional paid-in capital 8,047 8,023
Treasury stock, at cost, 1.0 and 55.6 shares, at September 30, 2025 and December 31, 2024, respectively (115) (3,273)
Retained earnings 3,719 6,185
Accumulated other comprehensive loss (604) (846)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 11,048 10,091
Noncontrolling interest 47 42
Total Equity 11,095 10,133
Total Liabilities and Equity $ 21,527 $ 18,702