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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 453.5 $ 598.7
Accounts receivable 1,020.9 969.3
Unbilled accounts receivable 431.7 443.2
Inventories 1,661.2 1,642.1
Other current assets 240.9 226.5
Total current assets 3,808.2 3,879.8
Property, plant and equipment, net 1,544.3 1,601.6
Goodwill 8,653.2 8,485.2
Other intangible assets, net 3,876.0 3,869.2
Other noncurrent assets 630.7 618.7
Total noncurrent assets 14,704.2 14,574.7
Total Assets 18,512.4 18,454.5
Current Liabilities    
Accounts payable 994.7 909.4
Customer deposits 597.5 642.7
Accrued compensation 243.2 242.3
Accrued warranty 245.2 240.1
Current portion of long-term debt 0.6 447.2
Other accrued liabilities 763.5 744.6
Total current liabilities 2,844.7 3,226.3
Long-term debt 4,079.6 3,792.2
Accrued postretirement and pension benefits 108.1 113.5
Deferred income taxes 194.1 168.4
Contingent consideration 219.2 218.1
Other long term liabilities 738.9 783.3
Total Liabilities 8,184.6 8,301.8
Commitments and contingencies (Note 15)
Equity    
Common stock, $.01 par value; 500.0 shares authorized: 226.9 and 226.9 shares issued and 189.0 and 188.9 outstanding at June 30, 2021 and December 31, 2020, respectively 2.0 2.0
Additional paid-in capital 7,896.7 7,880.6
Treasury stock, at cost, 37.9 and 38.0 shares, at June 30, 2021 and December 31, 2020, respectively (1,008.6) (1,010.1)
Retained earnings 3,780.1 3,588.9
Accumulated other comprehensive loss (375.8) (339.1)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 10,294.4 10,122.3
Noncontrolling interest 33.4 30.4
Total Equity 10,327.8 10,152.7
Total Liabilities and Equity $ 18,512.4 $ 18,454.5