CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 262,774	$ 226,191
Accounts receivable	475,659	494,975
Unbilled accounts receivable	144,127	103,814
Inventories	478,723	478,574
Deposit in escrow	212,772	202,942
Deferred income taxes	72,244	71,658
Other current assets	40,266	33,524
Total current assets	1,686,565	1,611,678
Property, plant and equipment	730,531	717,295
Accumulated depreciation	(376,658)	(364,102)
Property, plant and equipment, net	353,873	353,193
Other Assets
Goodwill	867,623	858,532
Other intangibles, net	437,149	440,534
Other noncurrent assets	35,575	32,909
Total other assets	1,340,347	1,331,975
Total Assets	3,380,785	3,296,846
Current Liabilities
Accounts payable	304,247	319,525
Customer deposits	100,740	106,127
Accrued compensation	59,212	69,892
Accrued warranty	77,318	72,678
Current portion of long-term debt	101	433
Other accrued liabilities	116,050	96,121
Total current liabilities	657,668	664,776
Long-term debt	801,883	691,805
Accrued postretirement and pension benefits	59,553	55,765
Deferred income taxes	141,338	139,852
Accrued warranty	18,314	19,386
Other long-term liabilities	23,643	23,923
Total liabilities	1,702,399	1,595,507
Shareholders’ Equity
Preferred stock	0	0
Common stock	1,323	1,323
Additional paid-in capital	462,814	469,326
Treasury stock	(906,088)	(775,124)
Retained earnings	2,367,609	2,280,801
Accumulated other comprehensive loss	(249,097)	(276,719)
Total Westinghouse Air Brake Technologies Corporation shareholders' equity	1,676,561	1,699,607
Non-controlling interest (minority interest)	1,825	1,732
Total shareholders’ equity	1,678,386	1,701,339
Total Liabilities and Shareholders’ Equity	$ 3,380,785	$ 3,296,846