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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net sales:      
Total net sales $ 10,387 $ 9,677 $ 8,362
Cost of sales:      
Total cost of sales (7,021) (6,733) (5,822)
Gross profit 3,366 2,944 2,540
Operating expenses:      
Selling, general and administrative expenses (1,248) (1,139) (1,029)
Engineering expenses (206) (218) (209)
Amortization expense (303) (321) (291)
Total operating expenses (1,757) (1,678) (1,529)
Income from operations 1,609 1,266 1,011
Other income and expenses:      
Interest expense, net (201) (218) (186)
Other income, net 2 44 29
Income before income taxes 1,410 1,092 854
Income tax expense (343) (267) (213)
Net income 1,067 825 641
Less: Net income attributable to noncontrolling interest (11) (10) (8)
Net income attributable to Wabtec shareholders $ 1,056 $ 815 $ 633
Basic      
Net income attributable to Wabtec shareholders (in dollars per share) $ 6.05 $ 4.54 $ 3.46
Diluted      
Net income attributable to Wabtec shareholders (in dollars per share) $ 6.04 $ 4.53 $ 3.46
Weighted average shares outstanding      
Basic (in shares) 174.1 178.8 182.2
Diluted (in shares) 174.8 179.5 182.8
Product      
Net sales:      
Total net sales $ 8,434 $ 7,647 $ 6,459
Cost of sales:      
Total cost of sales (5,918) (5,581) (4,791)
Services      
Net sales:      
Total net sales 1,953 2,030 1,903
Cost of sales:      
Total cost of sales $ (1,103) $ (1,152) $ (1,031)