v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash, cash equivalents and restricted cash $ 670 $ 789
Accounts receivable 1,720 1,410
Unbilled accounts receivable 449 487
Inventories, net 2,857 2,745
Other current assets 345 263
Total current assets 6,041 5,694
Property, plant and equipment, net 1,653 1,616
Goodwill 10,603 10,216
Other intangible assets, net 4,122 3,838
Other noncurrent assets 709 705
Total noncurrent assets 17,087 16,375
Total Assets 23,128 22,069
Liabilities    
Accounts payable 1,427 1,402
Customer deposits 878 1,015
Accrued compensation 374 490
Accrued warranty 273 266
Current portion of long-term debt 1,656 1,250
Other accrued liabilities 779 727
Total current liabilities 5,387 5,150
Long-term debt 4,915 4,291
Deferred income taxes 724 606
Other long-term liabilities 858 832
Total Liabilities 11,884 10,879
Commitments and contingencies (Note 14)
Equity    
Common stock, $.01 par value; 500.0 shares authorized and 171.9 shares issued; 169.1 and 170.6 outstanding at June 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 8,043 8,069
Treasury stock, at cost, 2.8 and 1.3 shares, at June 30, 2026 and December 31, 2025, respectively (630) (190)
Retained earnings 4,529 3,878
Accumulated other comprehensive loss (729) (616)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 11,214 11,142
Noncontrolling interest 30 48
Total Equity 11,244 11,190
Total Liabilities and Equity $ 23,128 $ 22,069