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Guarantor Subsidiaries Financial Information
 3 Months Ended
Mar. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Guarantor Subsidiaries Financial Information GUARANTOR SUBSIDIARIES FINANCIAL INFORMATION
The obligations under the Company's Senior Notes and Senior Credit Facility have been fully and unconditionally guaranteed by certain of the Company's U.S. subsidiaries. Each guarantor is 100% owned by the parent company, with the exception of GE Transportation, a Wabtec Company, which has 15,000 shares outstanding of Class A Non-Voting Preferred Stock held by General Electric Company. In accordance with positions established by the Securities and Exchange Commission, the following shows separate financial information with respect to the parent, the guarantor subsidiaries and the non-guarantor subsidiaries. The principal elimination entries eliminate investment in subsidiaries and certain intercompany balances and transactions.
Balance Sheet for March 31, 2020:
In millionsParentGuarantorsNon-GuarantorsEliminationConsolidated
Cash and cash equivalents$14.6  $5.8  $595.5  $—  $615.9  
Receivables, net130.3  316.5  1,225.2  —  1,672.0  
Inventories137.7  759.5  888.5  —  1,785.7  
Current assets - other0.3  29.4  137.8  —  167.5  
Total current assets282.9  1,111.2  2,847.0  —  4,241.1  
Property, plant and equipment, net78.8  68.0  1,476.2  —  1,623.0  
Goodwill527.4  284.2  7,462.1  —  8,273.7  
Investment in subsidiaries15,638.8  6,698.2  —  (22,337.0) —  
Other intangibles, net36.5  760.2  3,213.3  —  4,010.0  
Other long-term assets103.6  115.9  405.8  —  625.3  
Total assets$16,668.0  $9,037.7  $15,404.4  $(22,337.0) $18,773.1  
Current liabilities$503.0  $1,042.2  $1,436.4  $—  $2,981.6  
Inter-company1,382.0  (2,763.0) 1,381.0  —  —  
Long-term debt4,643.4  —  11.7  —  4,655.1  
Long-term liabilities - other378.0  128.4  832.3  —  1,338.7  
Total liabilities6,906.4  (1,592.4) 3,661.4  —  8,975.4  
Shareholders' equity9,746.6  10,630.1  11,722.1  (22,337.0) 9,761.8  
Non-controlling interest15.0  —  20.9  —  35.9  
Total shareholders' equity$9,761.6  $10,630.1  $11,743.0  $(22,337.0) $9,797.7  
Total Liabilities and Shareholders' Equity$16,668.0  $9,037.7  $15,404.4  $(22,337.0) $18,773.1  
Balance Sheet for December 31, 2019:
In millionsParentGuarantorsNon-GuarantorsEliminationConsolidated
Cash and cash equivalents$24.0  $14.7  $565.5  $—  $604.2  
Receivables, net103.5  298.2  1,262.2  —  1,663.9  
Inventories135.3  763.1  874.7  —  1,773.1  
Current assets - other(0.8) 22.0  129.7  —  150.9  
Total current assets262.0  1,098.0  2,832.1  —  4,192.1  
Property, plant and equipment, net73.2  65.0  1,517.6  —  1,655.8  
Goodwill564.1  283.2  7,513.3  —  8,360.6  
Investment in subsidiaries15,566.2  6,583.9  —  (22,150.1) —  
Other intangibles, net35.8  731.2  3,337.0  —  4,104.0  
Other long-term assets105.6  116.2  409.9  —  631.7  
Total assets$16,606.9  $8,877.5  $15,609.9  $(22,150.1) $18,944.2  
Current liabilities$586.0  $1,109.6  $1,562.4  $—  $3,258.0  
Inter-company1,357.6  (2,546.3) 1,188.7  —  —  
Long-term debt4,321.8  —  11.8  —  4,333.6  
Long-term liabilities - other385.0  154.1  819.9  —  1,359.0  
Total liabilities6,650.4  (1,282.6) 3,582.8  —  8,950.6  
Shareholders' equity9,941.5  10,160.1  12,005.0  (22,150.1) 9,956.5  
Non-controlling interest15.0  —  22.1  —  37.1  
Total shareholders' equity$9,956.5  $10,160.1  $12,027.1  $(22,150.1) $9,993.6  
Total Liabilities and Shareholders' Equity$16,606.9  $8,877.5  $15,609.9  $(22,150.1) $18,944.2  
Income Statement for the Three Months Ended March 31, 2020:
In millionsParentGuarantorsNon-GuarantorsEliminationConsolidated
Net sales$168.4  $903.0  $1,365.0  $(506.5) $1,929.9  
Cost of sales(128.6) (748.1) (879.1) 404.6  (1,351.2) 
Gross profit39.8  154.9  485.9  (101.9) 578.7  
Total operating expenses(53.4) (63.8) (244.2) —  (361.4) 
Income from operations(13.6) 91.1  241.7  (101.9) 217.3  
Interest (expense) income, net(51.1) 2.4  (4.6) —  (53.3) 
Other income (expense), net(32.8) 49.8  (31.8) —  (14.8) 
Equity earnings (loss)220.7  114.1  —  (334.8) —  
Pretax income (loss)123.2  257.4  205.3  (436.7) 149.2  
Income tax (expense) benefit(11.7) 22.1  (48.4) —  (38.0) 
Net income (loss)111.5  279.5  156.9  (436.7) 111.2  
Less: Net loss attributable to noncontrolling interest—  —  0.4  —  0.4  
Net income (loss) attributable to Wabtec shareholders$111.5  $279.5  $157.3  $(436.7) $111.6  
Comprehensive income (loss) attributable to Wabtec shareholders$111.5  $279.5  $(20.7) $(436.7) $(66.4) 
Income Statement for the Three Months Ended March 31, 2019:
In millionsParentGuarantorsNon-GuarantorsEliminationConsolidated
Net sales$193.1  $128.8  $1,327.2  $(55.5) $1,593.6  
Cost of sales(157.7) (82.0) (998.0) 33.1  (1,204.6) 
Gross profit35.4  46.8  329.2  (22.4) 389.0  
Total operating expenses(97.5) (15.3) (208.9) —  (321.7) 
Income from operations(62.1) 31.5  120.3  (22.4) 67.3  
Interest (expense) income, net(41.6) 3.5  (6.5) —  (44.6) 
Other income (expense), net20.3  (2.5) (26.0) —  (8.2) 
Equity earnings (loss)91.5  79.8  —  (171.3) —  
Pretax income (loss)8.1  112.3  87.8  (193.7) 14.5  
Income tax expense(12.5) —  (6.0) —  (18.5) 
Net income(4.4) 112.3  81.8  (193.7) (4.0) 
Less: Net gain attributable to noncontrolling interest—  —  (0.5) —  (0.5) 
Net (loss) income attributable to Wabtec shareholders$(4.4) $112.3  $81.3  $(193.7) $(4.5) 
Comprehensive income (loss) attributable to Wabtec shareholders$(4.4) $112.3  $28.9  $(193.7) $(56.9) 
Condensed Statement of Cash Flows for the Three Months Ended March 31, 2020:
In millionsParentGuarantorsNon-GuarantorsEliminationConsolidated
Net cash (used for) provided by operating activities$(176.8) $23.7  $173.1  $(101.9) $(81.9) 
Net cash (used for) provided by investing activities(8.9) (6.2) (47.5) —  (62.6) 
Net cash provided by (used for) financing activities176.3  (26.4) (68.3) 101.9  183.5  
Effect of changes in currency exchange rates—  —  (27.3) —  (27.3) 
(Decrease) increase in cash(9.4) (8.9) 30.0  —  11.7  
Cash, cash equivalents, and restricted cash, beginning of period24.0  14.7  565.5  —  604.2  
Cash and cash equivalents, end of period$14.6  $5.8  $595.5  $—  $615.9  
Condensed Statement of Cash Flows for the Three Months Ended March 31, 2019:
In millionsParentGuarantorsNon-GuarantorsEliminationConsolidated
Net cash (used for) provided by operating activities$(118.4) $24.1  $148.0  $(22.4) $31.3  
Net cash provided by (used for) investing activities6,898.0  (1.6) (9,636.0) —  (2,739.6) 
Net cash (used for) provided by financing activities(8,557.0) (22.5) 9,440.1  22.4  883.0  
Effect of changes in currency exchange rates—  —  (4.2) —  (4.2) 
(Decrease) increase in cash(1,777.4) —  (52.1) —  (1,829.5) 
Cash, cash equivalents, and restricted cash, beginning of period1,782.7  —  559.7  —  2,342.4  
Cash and cash equivalents, end of period$5.3  $—  $507.6  $—  $512.9