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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets, Current [Abstract]    
Cash and cash equivalents $ 488 $ 473
Accounts receivable 998 1,085
Unbilled accounts receivable 384 392
Inventories 1,828 1,689
Other current assets 213 193
Total current assets 3,911 3,832
Property, plant and equipment, net 1,468 1,497
Goodwill 8,567 8,587
Other intangible assets, net 3,632 3,705
Other noncurrent assets 860 833
Total noncurrent assets 14,527 14,622
Total Assets 18,438 18,454
Liabilities, Current [Abstract]    
Accounts payable 1,058 1,012
Customer deposits 624 629
Accrued compensation 287 335
Accrued warranty 224 228
Current portion of long-term debt 14 2
Other accrued liabilities 673 704
Total current liabilities 2,880 2,910
Long-term debt 4,225 4,056
Accrued postretirement and pension benefits 72 77
Deferred income taxes 304 288
Contingent consideration 142 141
Other long-term liabilities 727 743
Total Liabilities 8,350 8,215
Commitments and contingencies (Note 14)
Equity    
Common stock, $.01 par value; 500.0 shares authorized: 226.9 and 226.9 shares issued and 182.9 and 185.8 outstanding at March 31, 2022 and December 31, 2021, respectively 2 2
Additional paid-in capital 7,917 7,916
Treasury stock, at cost, 44.0 and 41.1 shares, at March 31, 2022 and December 31, 2021, respectively (1,597) (1,306)
Retained earnings 4,176 4,055
Accumulated other comprehensive loss (449) (466)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 10,049 10,201
Noncontrolling interest 39 38
Total Equity 10,088 10,239
Total Liabilities and Equity $ 18,438 $ 18,454