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SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment Financial Information
Segment financial information for 2017 is as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate
 
 
 
 
Freight
 
Transit
 
Activities and
 
 
In thousands
 
Segment
 
Segment
 
Elimination
 
Total
Sales to external customers
 
$
1,396,588

 
$
2,485,168

 
$

 
$
3,881,756

Intersegment sales/(elimination)
 
37,630

 
21,548

 
(59,178
)
 

Total sales
 
$
1,434,218

 
$
2,506,716

 
$
(59,178
)
 
$
3,881,756

Income (loss) from operations
 
$
264,603

 
$
188,546

 
$
(31,416
)
 
$
421,733

Interest expense and other, net
 

 

 
(69,670
)
 
(69,670
)
Income (loss) from operations before income taxes
 
$
264,603

 
$
188,546

 
$
(101,086
)
 
$
352,063

Depreciation and amortization
 
$
43,721

 
$
57,441

 
$
2,086

 
$
103,248

Capital expenditures
 
33,921

 
50,762

 
4,783

 
89,466

Segment assets
 
3,504,289

 
7,562,122

 
(4,486,431
)
 
6,579,980

 
 
 
 
 
 
 
 
 
Segment financial information for 2016 is as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate
 
 
 
 
Freight
 
Transit
 
Activities and
 
 
In thousands
 
Segment
 
Segment
 
Elimination
 
Total
Sales to external customers
 
$
1,543,098

 
$
1,388,090

 
$

 
$
2,931,188

Intersegment sales/(elimination)
 
39,519

 
9,393

 
(48,912
)
 
$

Total sales
 
$
1,582,617

 
$
1,397,483

 
$
(48,912
)
 
$
2,931,188

Income (loss) from operations
 
$
344,455

 
$
171,446

 
$
(57,540
)
 
$
458,361

Interest expense and other, net
 

 

 
(45,524
)
 
(45,524
)
Income (loss) from operations before income taxes
 
$
344,455

 
$
171,446

 
$
(103,064
)
 
$
412,837

Depreciation and amortization
 
$
36,519

 
$
31,545

 
$
1,731

 
$
69,795

Capital expenditures
 
22,726

 
20,987

 
6,503

 
50,216

Segment assets
 
2,949,668

 
6,720,302

 
(3,088,952
)
 
6,581,018

Segment financial information for 2015 is as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate
 
 
 
 
Freight
 
Transit
 
Activities and
 
 
In thousands
 
Segment
 
Segment
 
Elimination
 
Total
Sales to external customers
 
$
2,054,715

 
$
1,235,283

 
$

 
$
3,307,998

Intersegment sales/(elimination)
 
35,372

 
10,895

 
(46,267
)
 

Total sales
 
$
2,090,087

 
$
1,264,178

 
$
(46,267
)
 
$
3,307,998

Income (loss) from operations
 
$
482,640

 
$
150,988

 
$
(26,061
)
 
$
607,567

Interest expense and other, net
 

 

 
(22,199
)
 
(22,199
)
Income (loss) from operations before income taxes
 
$
482,640

 
$
150,988

 
$
(48,260
)
 
$
585,368

Depreciation and amortization
 
$
36,834

 
$
26,196

 
$
1,704

 
$
64,734

Capital expenditures
 
24,715

 
22,996

 
1,717

 
49,428

Segment assets
 
2,708,724

 
2,202,614

 
(1,681,825
)
 
3,229,513

Geographic Area Data
The following geographic area data as of and for the years ended December 31, 2017, 2016 and 2015, respectively, includes net sales based on product shipment destination and long-lived assets, which consist of plant, property and equipment, net of depreciation, resident in their respective countries:
 
 
Net Sales
 
Long-Lived Assets
In thousands
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
United States
 
$
1,323,781

 
$
1,362,255

 
$
1,754,924

 
$
211,608

 
$
205,895

 
$
171,362

United Kingdom
 
356,493

 
322,563

 
368,505

 
57,668

 
54,215

 
63,694

Canada
 
279,013

 
206,258

 
204,674

 
5,822

 
5,156

 
4,876

France
 
237,454

 
66,287

 
45,565

 
57,849

 
33,636

 
7,194

Germany
 
208,817

 
98,364

 
92,422

 
71,709

 
57,902

 
31,642

China
 
178,137

 
106,357

 
100,586

 
36,388

 
42,672

 
12,256

Mexico
 
160,029

 
183,583

 
190,034

 
9,117

 
8,766

 
8,839

Italy
 
142,037

 
45,771

 
38,164

 
30,329

 
27,253

 
15,170

India
 
137,837

 
24,161

 
12,345

 
12,519

 
1,271

 
1,946

Australia
 
136,127

 
82,099

 
86,809

 
10,483

 
8,039

 
8,424

Brazil
 
69,378

 
51,493

 
84,595

 
13,184

 
13,227

 
9,318

Other international
 
652,653

 
381,997

 
329,375

 
57,296

 
60,344

 
18,472

Total
 
$
3,881,756

 
$
2,931,188

 
$
3,307,998

 
$
573,972

 
$
518,376

 
$
353,193

Sales by Product
Sales by product are as follows:
In thousands
 
2017
 
2016
 
2015
Specialty Products & Electronics
 
$
1,350,727

 
$
1,374,580

 
$
1,733,881

Brake Products
 
749,959

 
588,081

 
627,552

Remanufacturing, Overhaul & Build
 
522,275

 
559,284

 
606,624

Transit Products
 
1,112,340

 
276,124

 
189,581

Other
 
146,455

 
133,119

 
150,360

Total sales
 
$
3,881,756

 
$
2,931,188

 
$
3,307,998