CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 302,935	$ 226,191
Accounts receivable	440,900	494,975
Unbilled accounts receivable	145,451	103,814
Inventories	493,442	478,574
Deposit in escrow	206,212	202,942
Deferred income taxes	75,705	71,658
Other current assets	35,713	33,524
Total current assets	1,700,358	1,611,678
Property, plant and equipment	730,050	717,295
Accumulated depreciation	(381,400)	(364,102)
Property, plant and equipment, net	348,650	353,193
Other Assets
Goodwill	860,027	858,532
Other intangibles, net	430,331	440,534
Other noncurrent assets	39,830	32,909
Total other assets	1,330,188	1,331,975
Total Assets	3,379,196	3,296,846
Current Liabilities
Accounts payable	305,160	319,525
Customer deposits	110,968	106,127
Accrued compensation	62,062	69,892
Accrued warranty	77,566	72,678
Current portion of long-term debt	115	433
Other accrued liabilities	108,681	96,121
Total current liabilities	664,552	664,776
Long-term debt	744,139	691,805
Accrued postretirement and pension benefits	56,487	55,765
Deferred income taxes	145,572	139,852
Accrued warranty	18,780	19,386
Other long-term liabilities	23,827	23,923
Total liabilities	1,653,357	1,595,507
Shareholders’ Equity
Preferred stock, 1,000,000 shares authorized, no shares issued	0	0
Common stock, $0.01 par value; 200,000,000 shares authorized: 132,349,534 shares issued and 90,119,492 and 91,836,106 outstanding at June 30, 2016 and December 31, 2015, respectively	1,323	1,323
Additional paid-in capital	466,553	469,326
Treasury stock, at cost, 42,230,042 and 40,513,428 shares, at June 30, 2016 and December 31, 2015, respectively	(905,877)	(775,124)
Retained earnings	2,450,884	2,280,801
Accumulated other comprehensive loss	(290,346)	(276,719)
Total Westinghouse Air Brake Technologies Corporation shareholders' equity	1,722,537	1,699,607
Non-controlling interest (minority interest)	3,302	1,732
Total shareholders’ equity	1,725,839	1,701,339
Total Liabilities and Shareholders’ Equity	$ 3,379,196	$ 3,296,846

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.