2020 Q2 Form 10-Q Financial Statement

#000162828020010768 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $1.737B $2.236B
YoY Change -22.31% 101.16%
Cost Of Revenue $1.251B $1.622B
YoY Change -22.87% 105.86%
Gross Profit $486.7M $614.7M
YoY Change -20.82% 89.72%
Gross Profit Margin 28.01% 27.49%
Selling, General & Admin $216.8M $290.9M
YoY Change -25.47% 69.96%
% of Gross Profit 44.54% 47.32%
Research & Development $38.20M $57.20M
YoY Change -33.22% 195.03%
% of Gross Profit 7.85% 9.31%
Depreciation & Amortization $117.9M $109.1M
YoY Change 8.07% 331.23%
% of Gross Profit 24.22% 17.75%
Operating Expenses $327.3M $414.1M
YoY Change -20.96% 106.59%
Operating Profit $159.4M $200.6M
YoY Change -20.54% 62.43%
Interest Expense -$49.70M -$58.70M
YoY Change -15.33% 80.06%
% of Operating Profit -31.18% -29.26%
Other Income/Expense, Net $6.300M $2.100M
YoY Change 200.0% -3.27%
Pretax Income $114.3M $144.2M
YoY Change -20.74% 53.77%
Income Tax $28.50M $41.50M
% Of Pretax Income 24.93% 28.78%
Net Earnings $86.80M $104.1M
YoY Change -16.62% 23.34%
Net Earnings / Revenue 5.0% 4.66%
Basic Earnings Per Share $0.46 $0.58
Diluted Earnings Per Share $0.46 $0.54
COMMON SHARES
Basic Shares Outstanding 189.8M shares 177.3M shares
Diluted Shares Outstanding 190.2M shares 191.5M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $588.0M $461.0M
YoY Change 27.55% 87.4%
Cash & Equivalents $587.9M $461.4M
Short-Term Investments
Other Short-Term Assets $172.0M $178.6M
YoY Change -3.68% 43.68%
Inventory $1.800B $1.882B
Prepaid Expenses
Receivables $964.4M $1.247B
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.970B $4.229B
YoY Change -6.13% 72.84%
LONG-TERM ASSETS
Property, Plant & Equipment $1.612B $1.646B
YoY Change -2.05% 196.15%
Goodwill $8.310B $8.151B
YoY Change 1.95% 235.61%
Intangibles $4.550B $4.991B
YoY Change -8.84% 180.83%
Long-Term Investments
YoY Change
Other Assets $638.0M $552.3M
YoY Change 15.51% 668.25%
Total Long-Term Assets $14.50B $14.71B
YoY Change -1.48% 247.78%
TOTAL ASSETS
Total Short-Term Assets $3.970B $4.229B
Total Long-Term Assets $14.50B $14.71B
Total Assets $18.47B $18.94B
YoY Change -2.52% 183.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.006B $1.233B
YoY Change -18.38% 100.2%
Accrued Expenses $1.161B $1.226B
YoY Change -5.3% 113.59%
Deferred Revenue $619.5M $648.5M
YoY Change -4.47% 66.23%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $697.1M $104.0M
YoY Change 570.29% 285.19%
Total Short-Term Liabilities $3.483B $3.211B
YoY Change 8.47% 99.9%
LONG-TERM LIABILITIES
Long-Term Debt $3.769B $4.529B
YoY Change -16.79% 143.76%
Other Long-Term Liabilities $773.1M $1.070B
YoY Change -27.72% 1482.9%
Total Long-Term Liabilities $4.542B $1.070B
YoY Change 324.62% 1482.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.483B $3.211B
Total Long-Term Liabilities $4.542B $1.070B
Total Liabilities $8.585B $9.107B
YoY Change -5.74% 139.48%
SHAREHOLDERS EQUITY
Retained Earnings $3.419B $3.087B
YoY Change 10.74% 5.63%
Common Stock $7.874B $7.809B
YoY Change 0.83% 756.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $909.3M $805.6M
YoY Change 12.87% -1.89%
Treasury Stock Shares 36.60M shares 35.25M shares
Shareholders Equity $9.846B $9.802B
YoY Change
Total Liabilities & Shareholders Equity $18.47B $18.94B
YoY Change -2.52% 183.67%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $86.80M $104.1M
YoY Change -16.62% 23.34%
Depreciation, Depletion And Amortization $117.9M $109.1M
YoY Change 8.07% 331.23%
Cash From Operating Activities $310.5M $412.6M
YoY Change -24.75% 844.16%
INVESTING ACTIVITIES
Capital Expenditures -$34.30M -$32.20M
YoY Change 6.52% 45.05%
Acquisitions
YoY Change
Other Investing Activities -$1.300M -$268.6M
YoY Change -99.52% 8853.33%
Cash From Investing Activities -$35.60M -$300.8M
YoY Change -88.16% 1093.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -307.0M -156.9M
YoY Change 95.67% 2559.32%
NET CHANGE
Cash From Operating Activities 310.5M 412.6M
Cash From Investing Activities -35.60M -300.8M
Cash From Financing Activities -307.0M -156.9M
Net Change In Cash -32.10M -45.10M
YoY Change -28.82% -457.94%
FREE CASH FLOW
Cash From Operating Activities $310.5M $412.6M
Capital Expenditures -$34.30M -$32.20M
Free Cash Flow $344.8M $444.8M
YoY Change -22.48% 574.96%

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CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
191500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
190800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162200000 shares
CY2020Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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-27700000 USD
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CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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2900000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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2300000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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20800000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
20100000 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
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CY2019Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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300000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-900000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-1500000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
22800000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
19800000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-32600000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
123900000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
43200000 USD
us-gaap Comprehensive Income Net Of Tax
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67100000 USD
us-gaap Profit Loss
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CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Realized
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Profit Loss
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98800000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
233700000 USD
us-gaap Depreciation And Amortization
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165100000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5700000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
23900000 USD
wab Amortization Of Intangible Liability
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55400000 USD
wab Amortization Of Intangible Liability
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us-gaap Increase Decrease In Inventories
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30300000 USD
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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5100000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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21400000 USD
wab Increase Decrease In Accrued Liabilities And Customer Deposits
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wab Increase Decrease In Accrued Liabilities And Customer Deposits
IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits
24200000 USD
us-gaap Foreign Currency Transaction Gain Loss Realized
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us-gaap Increase Decrease In Other Operating Capital Net
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125500000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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443800000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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40300000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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2325900000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
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2059300000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
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1552100000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
105300000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
46400000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
34300000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
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us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
10100000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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-5500000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3300000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
726100000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-10600000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1881100000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
604200000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2342400000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
587900000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
461300000 USD
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-13800000 USD
CY2020Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000.0 USD
CY2019Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1100000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0.12
CY2020Q1 us-gaap Dividends Cash
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CY2020Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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10000000.0 USD
CY2020Q1 us-gaap Profit Loss
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CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
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105300000 USD
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5100000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
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0.12
CY2020Q2 us-gaap Dividends Cash
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2020Q2 us-gaap Profit Loss
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22800000 USD
us-gaap Income Loss From Equity Method Investments
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1100000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000.0 USD
CY2020Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9880600000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2869100000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2019Q1 us-gaap Dividends Cash
DividendsCash
11700000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8500000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
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CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-52400000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
6975000000.0 USD
CY2019Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2019Q2 us-gaap Dividends Cash
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22600000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15400000 USD
CY2020Q2 wab Periodic Defined Benefits Expense Reversalof Expense Excluding Interest Cost And Service Cost Component
PeriodicDefinedBenefitsExpenseReversalofExpenseExcludingInterestCostAndServiceCostComponent
-2300000 USD
CY2019Q2 wab Periodic Defined Benefits Expense Reversalof Expense Excluding Interest Cost And Service Cost Component
PeriodicDefinedBenefitsExpenseReversalofExpenseExcludingInterestCostAndServiceCostComponent
-1800000 USD
wab Periodic Defined Benefits Expense Reversalof Expense Excluding Interest Cost And Service Cost Component
PeriodicDefinedBenefitsExpenseReversalofExpenseExcludingInterestCostAndServiceCostComponent
-4700000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
102700000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
19800000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
-56200000 USD
CY2019Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
1600000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9834900000 USD
us-gaap Nature Of Operations
NatureOfOperations
BUSINESS <div style="text-indent:27pt;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Westinghouse Air Brake Technologies Corporation (“Wabtec” or the "Company") is one of the world’s largest providers of locomotives, value-added, technology-based equipment, systems and services for the global freight rail and passenger transit industries. Our highly engineered products, which are intended to enhance safety, improve productivity and reduce maintenance costs for customers, can be found on most locomotives, freight cars, passenger transit cars and buses around the world. Our products enhance safety, improve productivity and reduce maintenance costs for customers, and many of our core products and services are essential in the safe and efficient operation of freight rail and passenger transit vehicles. Wabtec is a global company with operations in over 50 countries and our products can be found in more than 100 countries throughout the world. In the first six months of 2020, approximately 56% of the Company’s revenues came from customers outside the United States. </span></div><div style="text-indent:27pt;margin-top:6pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">On March 11, 2020, the World Health Organization designated the outbreak of the novel strain of coronavirus, known as COVID-19, as a global pandemic. Governments and businesses around the world have taken unprecedented actions to mitigate the spread of COVID-19, including but not limited to, shelter-in-place orders, quarantines, significant restrictions on travel, as well as restrictions that prohibit many employees from going to work. Our top concern is, and remains, the health and well-being of our employees around the world. To date, COVID-19 has surfaced in nearly all regions around the world and has impacted our sales channels, supply chain, manufacturing operations, workforce, and other key aspects of our operations. The outbreak and preventive measures taken to help curb the spread, including temporary plant closures in China, India, Italy and other countries where outbreaks and stay-at-home orders were most prevalent, had an adverse impact on our operations and business results for the first six months of 2020.</span></div>
CY2020Q2 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
50 country
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassifications Certain prior year amounts have been reclassified, where necessary, to conform to the current year presentation.
wab Periodic Defined Benefits Expense Reversalof Expense Excluding Interest Cost And Service Cost Component
PeriodicDefinedBenefitsExpenseReversalofExpenseExcludingInterestCostAndServiceCostComponent
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CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2300000 USD
us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates The preparation of financial statements in conformity with GAAP in the United States requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from the estimates. On an ongoing basis, management reviews its estimates based on currently available information. Changes in facts and circumstances may result in revised estimates.
CY2020Q2 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
108100000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
109400000 USD
CY2020Q2 us-gaap Contract With Customer Liability Noncurrent
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61300000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
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77000000.0 USD
CY2020Q2 us-gaap Provision For Loss On Contracts
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96700000 USD
CY2019Q4 us-gaap Provision For Loss On Contracts
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118500000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
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20500000000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Percentage
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0.25
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
CY2020Q2 wab Accounts Receivable After Allowance For Credit Loss Maximum Recurring Transfer
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150000000.0 USD
us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reportingUnit
CY2020Q2 us-gaap Proceeds From Accounts Receivable Securitization
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293900000 USD
CY2020Q2 us-gaap Repayments Of Accounts Receivable Securitization
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193900000 USD
CY2020Q2 us-gaap Proceeds From Repayments Of Accounts Receivable Securitization
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100000000.0 USD
us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reportingUnit
CY2019Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
2236300000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-156700000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-1500000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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-155200000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-33700000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-1100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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-32600000 USD
CY2020Q2 us-gaap Business Acquisitions Pro Forma Revenue
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1737400000 USD
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
400000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
3667300000 USD
us-gaap Business Acquisitions Pro Forma Revenue
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4305500000 USD
CY2020Q2 wab Business Acquisition Pro Forma Gross Profit
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486700000 USD
CY2019Q2 wab Business Acquisition Pro Forma Gross Profit
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614700000 USD
wab Business Acquisition Pro Forma Gross Profit
BusinessAcquisitionProFormaGrossProfit
1065400000 USD
wab Business Acquisition Pro Forma Gross Profit
BusinessAcquisitionProFormaGrossProfit
1069000000.0 USD
CY2020Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
86800000 USD
CY2019Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
104100000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
198400000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
50400000 USD
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2020Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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0.46
CY2019Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.54
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.04
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.26
CY2020Q2 us-gaap Inventory Raw Materials Net Of Reserves
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724600000 USD
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
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786400000 USD
CY2020Q2 us-gaap Inventory Work In Process Net Of Reserves
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414800000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
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374000000.0 USD
CY2020Q2 us-gaap Inventory Finished Goods Net Of Reserves
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660100000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
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612700000 USD
CY2020Q2 us-gaap Inventory Net
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1799500000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
1773100000 USD
CY2019Q4 us-gaap Goodwill
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8360600000 USD
us-gaap Goodwill Purchase Accounting Adjustments
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-3500000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-47200000 USD
CY2020Q2 us-gaap Goodwill
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8309900000 USD
CY2020Q2 us-gaap Indefinite Lived Trademarks
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614300000 USD
CY2019Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
623100000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
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3321100000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3480900000 USD
us-gaap Other Nonoperating Income Expense
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-200000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
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72300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
141300000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
66000000.0 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
93400000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
139800000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
277700000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
277100000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
276700000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
267200000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
623400000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
345600000 USD
us-gaap Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination
4100000 USD
us-gaap Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination
213600000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
500000 USD
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6300000 USD
CY2019Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2100000 USD
wab Contract With Customer Asset New Contract Additions
ContractWithCustomerAssetNewContractAdditions
451800000 USD
wab Contract With Customer Asset New Contract Additions
ContractWithCustomerAssetNewContractAdditions
324900000 USD
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
519100000 USD
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
300700000 USD
wab Contract With Customer Asset Increase Decrease Foreign Currency Translation Adjustment
ContractWithCustomerAssetIncreaseDecreaseForeignCurrencyTranslationAdjustment
-6200000 USD
wab Contract With Customer Asset Increase Decrease Foreign Currency Translation Adjustment
ContractWithCustomerAssetIncreaseDecreaseForeignCurrencyTranslationAdjustment
-900000 USD
CY2020Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
554000000.0 USD
CY2019Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
582500000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
799700000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
444800000 USD
us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
6800000 USD
us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
282100000 USD
wab Contract With Customer Liability New Contract Additions
ContractWithCustomerLiabilityNewContractAdditions
424700000 USD
wab Contract With Customer Liability New Contract Additions
ContractWithCustomerLiabilityNewContractAdditions
572600000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
333900000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
252000000.0 USD
wab Contractwith Customer Liability Revenue Recognizedfrom Current Year Additions
ContractwithCustomerLiabilityRevenueRecognizedfromCurrentYearAdditions
107500000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
300000 USD
wab Contractwith Customer Liability Revenue Recognizedfrom Current Year Additions
ContractwithCustomerLiabilityRevenueRecognizedfromCurrentYearAdditions
257600000 USD
wab Contractwith Customer Liability Increase Decrease Foreign Currency Translation Adjustment
ContractwithCustomerLiabilityIncreaseDecreaseForeignCurrencyTranslationAdjustment
-12000000.0 USD
wab Contractwith Customer Liability Increase Decrease Foreign Currency Translation Adjustment
ContractwithCustomerLiabilityIncreaseDecreaseForeignCurrencyTranslationAdjustment
-900000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
777800000 USD
CY2019Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
789000000.0 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
14100000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
13400000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
28800000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
26800000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
300000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
600000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
500000 USD
CY2020Q2 wab Shortterm And Variable Lease Cost
ShorttermAndVariableLeaseCost
0 USD
CY2019Q2 wab Shortterm And Variable Lease Cost
ShorttermAndVariableLeaseCost
200000 USD
wab Shortterm And Variable Lease Cost
ShorttermAndVariableLeaseCost
100000 USD
wab Shortterm And Variable Lease Cost
ShorttermAndVariableLeaseCost
300000 USD
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
100000 USD
CY2019Q2 us-gaap Sublease Income
SubleaseIncome
100000 USD
us-gaap Sublease Income
SubleaseIncome
200000 USD
us-gaap Sublease Income
SubleaseIncome
300000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
14300000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
13700000 USD
us-gaap Lease Cost
LeaseCost
29300000 USD
us-gaap Lease Cost
LeaseCost
27300000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8500000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6100000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
27700000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
300000 USD
CY2020Q2 wab Lessee Operating And Finance Lease Liability Total Payments Remainderof Fiscal Year
LesseeOperatingAndFinanceLeaseLiabilityTotalPaymentsRemainderofFiscalYear
28000000.0 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
48900000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
300000 USD
CY2020Q2 wab Lessee Operating And Finance Lease Liability To Be Paid Year One
LesseeOperatingAndFinanceLeaseLiabilityToBePaidYearOne
49200000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
41700000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
200000 USD
CY2020Q2 wab Lessee Operating And Finance Lease Liability Total Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityTotalPaymentsDueYearTwo
41900000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
35500000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
200000 USD
CY2020Q2 wab Lessee Operating And Finance Lease Liability Total Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityTotalPaymentsDueYearThree
35700000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
31000000.0 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
100000 USD
CY2020Q2 wab Lessee Operating And Finance Lease Liability Total Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityTotalPaymentsDueYearFour
31100000 USD
CY2020Q2 wab Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
93100000 USD
CY2020Q2 wab Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
200000 USD
CY2020Q2 wab Lessee Operating And Finance Lease Liability Total Payments Due After Year Four
LesseeOperatingAndFinanceLeaseLiabilityTotalPaymentsDueAfterYearFour
93300000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
277900000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1300000 USD
CY2020Q2 wab Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
279200000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
26300000 USD
CY2020Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0 USD
CY2020Q2 wab Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
26300000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
251600000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
1300000 USD
CY2020Q2 wab Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
252900000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.030
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.015
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
4465800000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
4429300000 USD
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
697100000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
95700000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3768700000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4333600000 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
20400000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
21300000 USD
CY2020Q2 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.020
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1600000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15800000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5700000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24300000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
46400000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
588024 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
63.36
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y8M12D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
8500000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
131556 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
78.33
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
11440 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
37.84
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
16712 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
74.11
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
691428 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
66.37
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M6D
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3200000 USD
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
443157 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
52.68
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y10M24D
CY2020Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3200000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0060
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0066
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0156
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0261
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.279
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.258
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
73.64
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
77.02
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
76.84
wab Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Net Performance Adjustment Weighted Average Net Performance Adjustment Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNetPerformanceAdjustmentWeightedAverageNetPerformanceAdjustmentFairValue
71.49
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
71.76
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
74.46
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.249
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.252
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.287
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.377
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12600000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
12600000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17200000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
17200000 USD
CY2020Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
2900000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
86800000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
104100000 USD
CY2020Q2 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
22800000 USD
CY2019Q2 us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
22500000 USD
CY2020Q2 us-gaap Undistributed Earnings
UndistributedEarnings
64000000.0 USD
CY2019Q2 us-gaap Undistributed Earnings
UndistributedEarnings
81600000 USD
CY2020Q2 wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
CY2019Q2 wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
CY2020Q2 wab Undistributed Earnings Allocated To Common Shareholders
UndistributedEarningsAllocatedToCommonShareholders
63800000 USD
CY2019Q2 wab Undistributed Earnings Allocated To Common Shareholders
UndistributedEarningsAllocatedToCommonShareholders
81400000 USD
CY2020Q2 wab Dividends Declared Common Shares
DividendsDeclaredCommonShares
22800000 USD
CY2019Q2 wab Dividends Declared Common Shares
DividendsDeclaredCommonShares
22500000 USD
CY2020Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2019Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
400000 USD
CY2020Q2 wab Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
86600000 USD
CY2019Q2 wab Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
103500000 USD
CY2020Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2019Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
400000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
86600000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
103900000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189800000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
177300000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
13700000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
190200000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
191500000 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189800000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
177300000 shares
CY2020Q2 wab Basic Weighted Average Common Shares Outstanding And Non Vested Restricted Stock Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonVestedRestrictedStockExpectedToVest
190300000 shares
CY2019Q2 wab Basic Weighted Average Common Shares Outstanding And Non Vested Restricted Stock Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonVestedRestrictedStockExpectedToVest
177900000 shares
CY2020Q2 wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
CY2019Q2 wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
us-gaap Net Income Loss
NetIncomeLoss
198400000 USD
us-gaap Net Income Loss
NetIncomeLoss
99700000 USD
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
45800000 USD
us-gaap Dividends Common Stock Stock
DividendsCommonStockStock
34200000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
152600000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
65500000 USD
wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
wab Undistributed Earnings Allocated To Common Shareholders
UndistributedEarningsAllocatedToCommonShareholders
152100000 USD
wab Undistributed Earnings Allocated To Common Shareholders
UndistributedEarningsAllocatedToCommonShareholders
65300000 USD
wab Dividends Declared Common Shares
DividendsDeclaredCommonShares
45700000 USD
wab Dividends Declared Common Shares
DividendsDeclaredCommonShares
34100000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
400000 USD
wab Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
197800000 USD
wab Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
99000000.0 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
400000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
197800000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
99400000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
190300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
149600000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
12200000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
190800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162200000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
190300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
149600000 shares
wab Basic Weighted Average Common Shares Outstanding And Non Vested Restricted Stock Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonVestedRestrictedStockExpectedToVest
190800000 shares
wab Basic Weighted Average Common Shares Outstanding And Non Vested Restricted Stock Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonVestedRestrictedStockExpectedToVest
150000000.0 shares
wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
267700000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
153700000 USD
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
4300000 USD
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
97500000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
54700000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
65800000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
66100000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
60600000 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
2100000 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
400000 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
258500000 USD
CY2019Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
256000000.0 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1737400000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
159400000 USD
CY2020Q2 wab Interest Expense And Other Net
InterestExpenseAndOtherNet
45100000 USD
CY2020Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
297600000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1737400000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
114300000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2236300000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2236300000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
200600000 USD
CY2019Q2 wab Interest Expense And Other Net
InterestExpenseAndOtherNet
56400000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
144200000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3667300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3667300000 USD

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