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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net sales:    
Total net sales $ 1,927.0 $ 1,830.0
Cost of sales:    
Total cost of sales (1,332.0) (1,296.0)
Gross profit 595.0 534.0
Operating expenses:    
Selling, general and administrative expenses (238.0) (234.0)
Engineering expenses (45.0) (38.0)
Amortization expense (73.0) (70.0)
Total operating expenses (356.0) (342.0)
Income from operations 239.0 192.0
Other income and expenses:    
Interest expense, net (43.0) (48.0)
Other income, net 4.0 14.0
Income before income taxes 200.0 158.0
Income tax expense (50.0) (43.0)
Net income 150.0 115.0
Less: Net income attributable to noncontrolling interest (1.0) (3.0)
Net income attributable to Wabtec shareholders $ 149.0 $ 112.0
Basic    
Net income attributable to Wabtec shareholders (in dollars per share) $ 0.80 $ 0.59
Diluted    
Net income attributable to Wabtec shareholders (in dollars per share) $ 0.80 $ 0.59
Weighted average shares outstanding    
Basic (in shares) 184.5 188.5
Diluted (in shares) 185.0 188.9
Goods    
Net sales:    
Total net sales $ 1,505.0 $ 1,485.0
Cost of sales:    
Total cost of sales (1,084.0) (1,108.0)
Services    
Net sales:    
Total net sales 422.0 345.0
Cost of sales:    
Total cost of sales $ (248.0) $ (188.0)