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SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Financial Information

Segment financial information for the three months ended March 31, 2026 is as follows:

In millions			Freight Segment						Transit Segment						Corporate Activities and Elimination						Total
Sales to external customers			$	2,115					$	835					$	—					$	2,950
Cost of sales			(1,327)						(562)						—						(1,889)
Gross profit			$	788					$	273					$	—					$	1,061
Gross margin			37.3		%				32.7		%
Selling, general & administrative expenses			$	(219)					$	(128)					$	(54)					$	(401)
Engineering expenses			(43)						(13)						—						(56)
Amortization expense			(76)						(11)						—						(87)
Income (loss) from operations			450						121						(54)						517
Interest expense and other, net			—						—						(48)						(48)
Income (loss) before income taxes			$	450					$	121					$	(102)					$	469
Intersegment sales/(elimination)			$	14					$	10					$	(24)					$	—
Depreciation and amortization			$	112					$	24					$	3					$	139
Capital expenditures			$	27					$	18					$	1					$	46
Segment assets			$	16,002					$	5,671					$	1,523					$	23,196

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

Schedule of Sales by Product

Sales to external customers by product line are as follows:

						Three Months Ended March 31,
In millions						2026						2025
Freight Segment:
Services						$	714					$	863
Equipment						726						476
Components						357						381
Digital Intelligence						318						181
Total Freight Segment						$	2,115					$	1,901
Transit Segment:
Original Equipment Manufacturer						$	381					$	322
Aftermarket						454						387
Total Transit Segment						$	835					$	709

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
-SubTopic 10
-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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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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