v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net sales:        
Total net sales $ 3,179 $ 2,706 $ 6,129 $ 5,316
Cost of sales:        
Total cost of sales (2,018) (1,768) (3,907) (3,478)
Gross profit 1,161 938 2,222 1,838
Operating expenses:        
Selling, general and administrative expenses (400) (347) (801) (654)
Engineering expenses (70) (50) (126) (96)
Amortization expense (91) (69) (178) (142)
Total operating expenses (561) (466) (1,105) (892)
Income from operations 600 472 1,117 946
Other income and expenses:        
Interest expense, net (80) (46) (151) (92)
Other (expense) income, net (2) 24 21 22
Income before income taxes 518 450 987 876
Income tax expense (122) (111) (228) (210)
Net income 396 339 759 666
Less: Net income attributable to noncontrolling interest (1) (3) (2) (8)
Net income attributable to Wabtec shareholders $ 395 $ 336 $ 757 $ 658
Basic        
Net income attributable to Wabtec shareholders (in dollars per share) $ 2.33 $ 1.96 $ 4.45 $ 3.84
Diluted        
Net income attributable to Wabtec shareholders (in dollars per share) $ 2.33 $ 1.96 $ 4.44 $ 3.84
Weighted average shares outstanding        
Basic (in shares) 169.1 170.6 169.5 170.6
Diluted (in shares) 169.6 171.2 170.1 171.2
Goods        
Net sales:        
Total net sales $ 2,670 $ 2,226 $ 5,201 $ 4,383
Cost of sales:        
Total cost of sales (1,710) (1,481) (3,326) (2,931)
Services        
Net sales:        
Total net sales 509 480 928 933
Cost of sales:        
Total cost of sales $ (308) $ (287) $ (581) $ (547)