v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net sales:        
Total net sales $ 2,706 $ 2,644 $ 5,316 $ 5,141
Cost of sales:        
Total cost of sales (1,768) (1,770) (3,478) (3,452)
Gross profit 938 874 1,838 1,689
Operating expenses:        
Selling, general and administrative expenses (347) (316) (654) (597)
Engineering expenses (50) (57) (96) (105)
Amortization expense (69) (71) (142) (145)
Total operating expenses (466) (444) (892) (847)
Income from operations 472 430 946 842
Other income and expenses:        
Interest expense, net (46) (49) (92) (96)
Other income, net 24 4 22 2
Income before income taxes 450 385 876 748
Income tax expense (111) (94) (210) (180)
Net income 339 291 666 568
Less: Net income attributable to noncontrolling interest (3) (2) (8) (7)
Net income attributable to Wabtec shareholders $ 336 $ 289 $ 658 $ 561
Basic        
Net income attributable to Wabtec shareholders (in dollars per share) $ 1.96 $ 1.64 $ 3.84 $ 3.18
Diluted        
Net income attributable to Wabtec shareholders (in dollars per share) $ 1.96 $ 1.64 $ 3.84 $ 3.17
Weighted average shares outstanding        
Basic (in shares) 170.6 175.4 170.6 176.0
Diluted (in shares) 171.2 176.0 171.2 176.6
Goods        
Net sales:        
Total net sales $ 2,226 $ 2,145 $ 4,383 $ 4,152
Cost of sales:        
Total cost of sales (1,481) (1,490) (2,931) (2,901)
Services        
Net sales:        
Total net sales 480 499 933 989
Cost of sales:        
Total cost of sales $ (287) $ (280) $ (547) $ (551)