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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash, cash equivalents and restricted cash $ 789 $ 715
Accounts receivable 1,410 1,152
Unbilled accounts receivable 487 550
Inventories, net 2,745 2,314
Other current assets 263 212
Total current assets 5,694 4,943
Property, plant and equipment, net 1,616 1,447
Goodwill 10,216 8,710
Other intangible assets, net 3,838 2,934
Other noncurrent assets 705 668
Total noncurrent assets 16,375 13,759
Total Assets 22,069 18,702
Liabilities    
Accounts payable 1,402 1,300
Customer deposits 1,015 693
Accrued compensation 490 425
Accrued warranty 266 248
Current portion of long-term debt 1,250 500
Other accrued liabilities 727 626
Total current liabilities 5,150 3,792
Long-term debt 4,291 3,480
Deferred income taxes 606 376
Other long-term liabilities 832 921
Total Liabilities 10,879 8,569
Commitments and contingencies (Note 18)
Equity    
Common stock, $.01 par value; 500.0 shares authorized; 171.9 shares issued and 170.6 outstanding at December 31, 2025; 226.9 shares issued and 171.3 outstanding at December 31, 2024 1 2
Additional paid-in capital 8,069 8,023
Treasury stock, at cost, 1.3 and 55.6 shares, at December 31, 2025 and 2024, respectively (190) (3,273)
Retained earnings 3,878 6,185
Accumulated other comprehensive loss (616) (846)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity 11,142 10,091
Noncontrolling interest 48 42
Total Equity 11,190 10,133
Total Liabilities and Equity $ 22,069 $ 18,702