v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Net sales:        
Total net sales $ 3,120 $ 2,886 $ 9,249 $ 8,202
Cost of sales:        
Total cost of sales (1,956) (1,884) (5,863) (5,362)
Gross profit 1,164 1,002 3,386 2,840
Operating expenses:        
Selling, general and administrative expenses (383) (375) (1,184) (1,029)
Engineering expenses (67) (59) (193) (155)
Amortization expense (89) (77) (267) (219)
Total operating expenses (539) (511) (1,644) (1,403)
Income from operations 625 491 1,742 1,437
Other income and expenses:        
Interest expense, net (80) (65) (231) (157)
Other income (expense), net 12 (1) 33 21
Income (loss) before income taxes 557 425 1,544 1,301
Income tax expense (146) (112) (374) (322)
Net income 411 313 1,170 979
Less: Net income attributable to noncontrolling interest (2) (3) (4) (11)
Net income attributable to Wabtec shareholders $ 409 $ 310 $ 1,166 $ 968
Basic        
Net income attributable to Wabtec shareholders (in dollars per share) $ 2.43 $ 1.81 $ 6.88 $ 5.66
Diluted        
Net income attributable to Wabtec shareholders (in dollars per share) $ 2.42 $ 1.81 $ 6.86 $ 5.64
Weighted average shares outstanding        
Basic (in shares) 168.2 170.5 169.1 170.5
Diluted (in shares) 168.8 171.1 169.7 171.2
Goods        
Net sales:        
Total net sales $ 2,627 $ 2,425 $ 7,828 $ 6,808
Cost of sales:        
Total cost of sales (1,664) (1,617) (4,990) (4,548)
Services        
Net sales:        
Total net sales 493 461 1,421 1,394
Cost of sales:        
Total cost of sales $ (292) $ (267) $ (873) $ (814)