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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net sales:        
Total net sales $ 2,886 $ 2,663 $ 8,202 $ 7,804
Cost of sales:        
Total cost of sales (1,884) (1,783) (5,362) (5,235)
Gross profit 1,002 880 2,840 2,569
Operating expenses:        
Selling, general and administrative expenses (375) (318) (1,029) (915)
Engineering expenses (59) (50) (155) (155)
Amortization expense (77) (79) (219) (224)
Total operating expenses (511) (447) (1,403) (1,294)
Income from operations 491 433 1,437 1,275
Other income and expenses:        
Interest expense, net (65) (52) (157) (148)
Other (expense) income, net (1) (3) 21 (1)
Income before income taxes 425 378 1,301 1,126
Income tax expense (112) (92) (322) (272)
Net income 313 286 979 854
Less: Net income attributable to noncontrolling interest (3) (3) (11) (10)
Net income attributable to Wabtec shareholders $ 310 $ 283 $ 968 $ 844
Basic        
Net income attributable to Wabtec shareholders (in dollars per share) $ 1.81 $ 1.63 $ 5.66 $ 4.81
Diluted        
Net income attributable to Wabtec shareholders (in dollars per share) $ 1.81 $ 1.63 $ 5.64 $ 4.80
Weighted average shares outstanding        
Basic (in shares) 170.5 173.4 170.5 175.1
Diluted (in shares) 171.1 174.1 171.2 175.7
Goods        
Net sales:        
Total net sales $ 2,425 $ 2,171 $ 6,808 $ 6,323
Cost of sales:        
Total cost of sales (1,617) (1,512) (4,548) (4,413)
Services        
Net sales:        
Total net sales 461 492 1,394 1,481
Cost of sales:        
Total cost of sales $ (267) $ (271) $ (814) $ (822)