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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 615.9 $ 604.2
Accounts receivable 1,149.1 1,149.9
Unbilled accounts receivable 522.9 514.0
Inventories 1,785.7 1,773.1
Other current assets 167.5 150.9
Total current assets 4,241.1 4,192.1
Property, plant and equipment 2,208.9 2,216.0
Accumulated depreciation (585.9) (560.2)
Property, plant and equipment, net 1,623.0 1,655.8
Other Assets    
Goodwill 8,273.7 8,360.6
Other intangibles, net 4,010.0 4,104.0
Other noncurrent assets 625.3 631.7
Total other assets 12,909.0 13,096.3
Total Assets 18,773.1 18,944.2
Current Liabilities    
Accounts payable 1,087.2 1,157.5
Customer deposits 602.8 604.2
Accrued compensation 257.4 343.8
Accrued warranty 216.8 226.5
Current portion of long-term debt 92.8 95.7
Other accrued liabilities 724.6 830.3
Total current liabilities 2,981.6 3,258.0
Long-term debt 4,655.1 4,333.6
Accrued postretirement and pension benefits 109.2 113.0
Deferred income taxes 151.4 145.3
Contingent consideration 294.7 291.8
Other long-term liabilities 783.4 808.9
Total Liabilities 8,975.4 8,950.6
Commitments and contingencies (Note 15)
Equity    
Convertible preferred stock, $.01 par value; 1,000,000 shares authorized, no shares issued and outstanding, at March 31, 2020 and December 31, 2019 0.0 0.0
Common stock, $.01 par value; 500,000,000 shares authorized: 226,947,180 and 226,947,180 shares issued and 190,277,837 and 191,699,193 outstanding at March 31, 2020 and December 31, 2019, respectively 2.0 2.0
Additional paid-in capital 7,875.0 7,877.2
Treasury stock, at cost, 36,669,343 and 35,247,987 shares, at March 31, 2020 and December 31, 2019, respectively (910.2) (807.1)
Retained earnings 3,355.6 3,267.0
Accumulated other comprehensive loss (560.6) (382.6)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 9,761.8 9,956.5
Noncontrolling interest 35.9 37.1
Total Equity 9,797.7 9,993.6
Total Liabilities and Equity $ 18,773.1 $ 18,944.2