v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash, cash equivalents and restricted cash $ 1,499 $ 715
Accounts receivable 1,441 1,152
Unbilled accounts receivable 558 550
Inventories, net 2,571 2,314
Other current assets 285 212
Total current assets 6,354 4,943
Property, plant and equipment, net 1,476 1,447
Goodwill 8,936 8,710
Other intangible assets, net 2,889 2,934
Other noncurrent assets 736 668
Total noncurrent assets 14,037 13,759
Total Assets 20,391 18,702
Liabilities    
Accounts payable 1,407 1,300
Customer deposits 936 693
Accrued compensation 325 425
Accrued warranty 263 248
Current portion of long-term debt 0 500
Other accrued liabilities 675 626
Total current liabilities 3,606 3,792
Long-term debt 4,784 3,480
Accrued postretirement and pension benefits 64 58
Deferred income taxes 411 376
Other long-term liabilities 681 863
Total Liabilities 9,546 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 June 30, 2025; 226.9 shares issued and 171.3 outstanding at December 31, 2024 1 2
Additional paid-in capital 8,025 8,023
Treasury stock, at cost, 1.0 and 55.6 shares, at June 30, 2025 and December 31, 2024, respectively (116) (3,273)
Retained earnings 3,452 6,185
Accumulated other comprehensive loss (561) (846)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 10,801 10,091
Noncontrolling interest 44 42
Total Equity 10,845 10,133
Total Liabilities and Equity $ 20,391 $ 18,702