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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net sales:    
Total net sales $ 2,497 $ 2,194
Cost of sales:    
Total cost of sales (1,682) (1,529)
Gross profit 815 665
Operating expenses:    
Selling, general and administrative expenses (281) (263)
Engineering expenses (48) (51)
Amortization expense (74) (75)
Total operating expenses (403) (389)
Income from operations 412 276
Other income and expenses:    
Interest expense, net (47) (48)
Other (expense) income, net (2) 5
Income before income taxes 363 233
Income tax expense (86) (60)
Net income 277 173
Less: Net income attributable to noncontrolling interest (5) (4)
Net income attributable to Wabtec shareholders $ 272 $ 169
Basic    
Net income attributable to Wabtec shareholders (in dollars per share) $ 1.54 $ 0.94
Diluted    
Net income attributable to Wabtec shareholders (in dollars per share) $ 1.53 $ 0.93
Weighted average shares outstanding    
Basic (in shares) 176.5 179.9
Diluted (in shares) 177.2 180.6
Goods    
Net sales:    
Total net sales $ 2,007 $ 1,684
Cost of sales:    
Total cost of sales (1,411) (1,257)
Services    
Net sales:    
Total net sales 490 510
Cost of sales:    
Total cost of sales $ (271) $ (272)