2020 Form 10-K Financial Statement

#000162828021002557 Filed on February 19, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $7.556B $2.368B $8.200B
YoY Change -7.85% 111.88% 87.92%
Cost Of Revenue $5.419B $1.694B $5.922B
YoY Change -8.49% 106.3% 89.23%
Gross Profit $2.137B $674.9M $2.278B
YoY Change -6.19% 127.24% 84.62%
Gross Profit Margin 28.28% 28.5% 27.78%
Selling, General & Admin $948.0M $319.1M $1.167B
YoY Change -18.77% 89.94% 84.3%
% of Gross Profit 44.36% 47.28% 51.23%
Research & Development $162.0M $59.60M $210.0M
YoY Change -22.86% 130.12% 140.0%
% of Gross Profit 7.58% 8.83% 9.22%
Depreciation & Amortization $183.0M $112.1M $158.0M
YoY Change 15.82% 326.24% 137.95%
% of Gross Profit 8.56% 16.61% 6.94%
Operating Expenses $1.392B $444.2M $1.615B
YoY Change -13.81% 118.28% 112.36%
Operating Profit $745.0M $226.1M $663.0M
YoY Change 12.37% 142.08% 40.05%
Interest Expense -$197.4M -$50.50M -$224.5M
YoY Change -12.07% 39.5% 93.53%
% of Operating Profit -26.5% -22.34% -33.86%
Other Income/Expense, Net $11.00M -$900.0K $3.000M
YoY Change 266.67% -400.0% -53.13%
Pretax Income $557.0M $174.7M $447.0M
YoY Change 24.61% 203.3% 21.6%
Income Tax $145.0M $37.70M $120.0M
% Of Pretax Income 26.03% 21.58% 26.85%
Net Earnings $414.0M $135.7M $327.0M
YoY Change 26.61% 294.48% 10.89%
Net Earnings / Revenue 5.48% 5.73% 3.99%
Basic Earnings Per Share $2.18 $0.71 $1.91
Diluted Earnings Per Share $2.17 $0.71 $1.84
COMMON SHARES
Basic Shares Outstanding 189.9M shares 191.7M shares 170.5M shares
Diluted Shares Outstanding 190.4M shares 177.3M shares

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $599.0M $604.0M $604.0M
YoY Change -0.83% 3.96% 3.96%
Cash & Equivalents $599.0M $604.2M $604.0M
Short-Term Investments
Other Short-Term Assets $227.0M $150.9M $151.0M
YoY Change 50.33% 30.54% -91.96%
Inventory $1.642B $1.773B $1.773B
Prepaid Expenses
Receivables $1.413B $1.150B $1.664B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.880B $4.192B $4.192B
YoY Change -7.44% -5.79% -5.8%
LONG-TERM ASSETS
Property, Plant & Equipment $1.602B $1.656B $1.656B
YoY Change -3.26% 193.69% 193.62%
Goodwill $8.361B
YoY Change 248.88%
Intangibles $4.727B
YoY Change 176.0%
Long-Term Investments $95.20M
YoY Change 209.09%
Other Assets $619.0M $631.7M $632.0M
YoY Change -2.06% 477.42% 479.82%
Total Long-Term Assets $14.58B $14.75B $14.75B
YoY Change -1.2% 251.27% 251.32%
TOTAL ASSETS
Total Short-Term Assets $3.880B $4.192B $4.192B
Total Long-Term Assets $14.58B $14.75B $14.75B
Total Assets $18.46B $18.94B $18.94B
YoY Change -2.58% 119.03% 119.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $909.0M $1.158B $1.158B
YoY Change -21.5% 96.39% 96.6%
Accrued Expenses $1.227B $1.401B $1.401B
YoY Change -12.42% 125.97% 125.97%
Deferred Revenue $604.2M
YoY Change 61.77%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $447.0M $95.70M $96.00M
YoY Change 365.63% 49.3% 50.0%
Total Short-Term Liabilities $3.226B $3.258B $3.258B
YoY Change -0.98% 97.86% 97.81%
LONG-TERM LIABILITIES
Long-Term Debt $3.792B $4.334B $4.334B
YoY Change -12.51% 14.26% 14.26%
Other Long-Term Liabilities $1.115B $808.9M $1.214B
YoY Change -8.15% 1621.06% 754.93%
Total Long-Term Liabilities $4.907B $5.143B $5.548B
YoY Change -11.55% 33.93% 40.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.226B $3.258B $3.258B
Total Long-Term Liabilities $4.907B $5.143B $5.548B
Total Liabilities $8.332B $8.951B $8.988B
YoY Change -7.3% 54.85% 55.39%
SHAREHOLDERS EQUITY
Retained Earnings $3.267B
YoY Change 8.11%
Common Stock $7.879B
YoY Change 760.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $807.1M
YoY Change -1.1%
Treasury Stock Shares 35.20M shares
Shareholders Equity $10.12B $9.957B $9.957B
YoY Change
Total Liabilities & Shareholders Equity $18.46B $18.94B $18.94B
YoY Change -2.58% 119.03% 119.03%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income $414.0M $135.7M $327.0M
YoY Change 26.61% 294.48% 10.89%
Depreciation, Depletion And Amortization $183.0M $112.1M $158.0M
YoY Change 15.82% 326.24% 137.95%
Cash From Operating Activities $784.0M $447.8M $1.016B
YoY Change -22.83% 61.84% 222.85%
INVESTING ACTIVITIES
Capital Expenditures $136.0M -$72.70M $186.0M
YoY Change -26.88% 149.83% 99.36%
Acquisitions $40.00M $2.996B
YoY Change -98.66% 5751.56%
Other Investing Activities $0.00 $4.700M $0.00
YoY Change -133.33% -100.0%
Cash From Investing Activities -$155.0M -$68.00M -$3.178B
YoY Change -95.12% 57.77% 2057.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $207.0M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$619.0M -355.6M $461.0M
YoY Change -234.27% 1967.44% -76.69%
NET CHANGE
Cash From Operating Activities $784.0M 447.8M $1.016B
Cash From Investing Activities -$155.0M -68.00M -$3.178B
Cash From Financing Activities -$619.0M -355.6M $461.0M
Net Change In Cash -$5.000M 24.20M -$1.738B
YoY Change -99.71% -88.82% -182.41%
FREE CASH FLOW
Cash From Operating Activities $784.0M $447.8M $1.016B
Capital Expenditures $136.0M -$72.70M $186.0M
Free Cash Flow $648.0M $520.5M $830.0M
YoY Change -21.93% 70.21% 274.89%

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326700000 USD
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48400000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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-106400000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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7800000 USD
CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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-4300000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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14300000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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21500000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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3800000 USD
CY2020 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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41900000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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-132200000 USD
CY2018 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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-216400000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2019 us-gaap Profit Loss
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326500000 USD
CY2018 us-gaap Profit Loss
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291700000 USD
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CY2019 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2018 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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43500000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-126000000.0 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020 us-gaap Comprehensive Income Net Of Tax
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457900000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
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200700000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
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83300000 USD
CY2020 us-gaap Profit Loss
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412300000 USD
CY2020 us-gaap Depreciation And Amortization
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473300000 USD
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401400000 USD
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109300000 USD
CY2020 us-gaap Share Based Compensation
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19500000 USD
CY2019 us-gaap Share Based Compensation
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50000000.0 USD
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25300000 USD
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88200000 USD
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82200000 USD
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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29400000 USD
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-27300000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
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-5300000 USD
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-9600000 USD
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-15900000 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-900000 USD
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6300000 USD
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54600000 USD
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-180800000 USD
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-255900000 USD
CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
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115400000 USD
CY2019 us-gaap Payment For Contingent Consideration Liability Financing Activities
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10100000 USD
CY2018 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2020 us-gaap Payments Of Dividends Common Stock
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92500000 USD
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81700000 USD
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1978100000 USD
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CY2018 us-gaap Increase Decrease In Accounts Payable
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48800000 USD
CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
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56900000 USD
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
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10700000 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
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7900000 USD
CY2020 wab Increase Decrease In Accrued Liabilities And Customer Deposits
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-91400000 USD
CY2019 wab Increase Decrease In Accrued Liabilities And Customer Deposits
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-11900000 USD
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31700000 USD
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264500000 USD
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-227100000 USD
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
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32100000 USD
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783700000 USD
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1015500000 USD
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314700000 USD
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93300000 USD
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3900000 USD
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11300000 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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40300000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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2996400000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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51200000 USD
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0 USD
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0 USD
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14100000 USD
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
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3878000000.0 USD
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46300000 USD
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CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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CY2018 us-gaap Proceeds From Payments For Other Financing Activities
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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2108900000 USD
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604200000 USD
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2342300000 USD
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233400000 USD
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598700000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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604200000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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2342300000 USD
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2828600000 USD
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0.48
CY2018 us-gaap Dividends Cash
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46300000 USD
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21500000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2019 us-gaap Stock Issued During Period Value Acquisitions
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CY2019 us-gaap Stockholders Equity Other
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CY2018 us-gaap Profit Loss
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291700000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-211600000 USD
CY2018 us-gaap Minority Interest Decrease From Redemptions
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12600000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2869100000 USD
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
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0.48
CY2019 us-gaap Dividends Common Stock Cash
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81700000 USD
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38200000 USD
CY2019 us-gaap Profit Loss
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326500000 USD
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9993600000 USD
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
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0.48
CY2020 us-gaap Dividends Cash
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92500000 USD
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CY2020 us-gaap Provision For Doubtful Accounts
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36500000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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16900000 USD
CY2020 us-gaap Profit Loss
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412300000 USD
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42200000 USD
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
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207200000 USD
CY2020 us-gaap Stockholders Equity Other
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8100000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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10152700000 USD
CY2020 us-gaap Nature Of Operations
NatureOfOperations
BUSINESS<div style="margin-top:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Wabtec 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 2020, approximately 58% of the Company’s net sales came from customers outside the U.S.</span></div><div style="margin-top:6pt;text-indent:27pt"><span style="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 year ended December 31, 2020.</span></div>
CY2020Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
50 country
CY2020 wab Number Of Countries Where Product Found
NumberOfCountriesWhereProductFound
100 country
CY2019 us-gaap Provision For Doubtful Accounts
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19900000 USD
CY2020Q4 us-gaap Equity Method Investments
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100000000.0 USD
CY2019Q4 us-gaap Equity Method Investments
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95200000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Realized
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-13500000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Realized
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-5700000 USD
CY2020Q2 wab Accounts Receivable After Allowance For Credit Loss Maximum Recurring Transfer
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150000000.0 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
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-8200000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
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20800000000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Percentage
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0.25
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
CY2020Q4 us-gaap Proceeds From Accounts Receivable Securitization
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852100000 USD
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779400000 USD
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72700000 USD
CY2020Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
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87000000.0 USD
CY2019Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
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88000000.0 USD
CY2020Q4 us-gaap Preferred Stock Shares Authorized
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1000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
The Company’s trade receivables are primarily from rail and transit industry original equipment manufacturers, Class I railroads, railroad carriers and commercial companies that utilize rail cars in their operations, such as utility and chemical companies. No one customer accounted for more than 10% of the Company’s consolidated net sales in 2020, 2019 or 2018.
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain prior year amounts have been reclassified, where necessary, to conform to the current year presentation.
CY2020 us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with generally accepted accounting principles 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 materially 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.
CY2019 us-gaap Business Acquisitions Pro Forma Revenue
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8675600000 USD
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2343300000 USD
CY2019 us-gaap Business Acquisitions Pro Forma Net Income Loss
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277200000 USD
CY2019 us-gaap Earnings Per Share Diluted
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1.84
CY2019 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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1.45
CY2020 us-gaap Interest Paid Net
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174200000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
193100000 USD
CY2018 us-gaap Interest Paid Net
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81800000 USD
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128800000 USD
CY2019 us-gaap Income Taxes Paid Net
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99500000 USD
CY2018 us-gaap Income Taxes Paid Net
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83900000 USD
CY2020 us-gaap Fair Value Of Assets Acquired
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70300000 USD
CY2019 us-gaap Fair Value Of Assets Acquired
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12612900000 USD
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91800000 USD
CY2020 us-gaap Liabilities Assumed1
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35000000.0 USD
CY2019 us-gaap Liabilities Assumed1
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2466300000 USD
CY2018 us-gaap Liabilities Assumed1
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32900000 USD
CY2020 wab Noncontrolling Interest Assumed
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-5600000 USD
CY2019 wab Noncontrolling Interest Assumed
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30900000 USD
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0 USD
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40900000 USD
CY2019 us-gaap Payments To Acquire Businesses Gross
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10115700000 USD
CY2018 us-gaap Payments To Acquire Businesses Gross
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58900000 USD
CY2020 us-gaap Cash Acquired From Acquisition
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600000 USD
CY2019 us-gaap Cash Acquired From Acquisition
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179600000 USD
CY2018 us-gaap Cash Acquired From Acquisition
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7700000 USD
CY2020 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
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0 USD
CY2019 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
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6939700000 USD
CY2018 us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
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0 USD
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40300000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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2996400000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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51200000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
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669400000 USD
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
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786400000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
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339400000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
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374000000.0 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
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633300000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
612700000 USD
CY2020Q4 us-gaap Inventory Net
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1642100000 USD
CY2019Q4 us-gaap Inventory Net
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1773100000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
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1474600000 USD
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1363800000 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
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801100000 USD
CY2019Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
774200000 USD
CY2020Q4 us-gaap Land And Land Improvements
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97600000 USD
CY2019Q4 us-gaap Land And Land Improvements
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CY2019Q4 us-gaap Property Plant And Equipment Gross
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2216000000.0 USD
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771700000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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560200000 USD
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2100000 USD
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1655800000 USD
CY2020 us-gaap Depreciation
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183100000 USD
CY2019 us-gaap Depreciation
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157800000 USD
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CY2020 wab Goodwill Disposals
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CY2020Q4 us-gaap Goodwill
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623100000 USD
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282400000 USD
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238400000 USD
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39800000 USD
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278100000 USD
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277600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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277200000 USD
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267600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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265000000.0 USD
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101000000.0 USD
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109400000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
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79600000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
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77000000.0 USD
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108900000 USD
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345600000 USD
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4100000 USD
CY2019 us-gaap Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination
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237500000 USD
CY2020 wab Contract With Customer Asset New Contract Additions
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849700000 USD
CY2019 wab Contract With Customer Asset New Contract Additions
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619300000 USD
CY2020 us-gaap Contract With Customer Asset Reclassified To Receivable
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950400000 USD
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578600000 USD
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17400000 USD
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CY2019Q4 us-gaap Contract With Customer Asset Net
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623400000 USD
CY2019Q4 us-gaap Contract With Customer Liability
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799700000 USD
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444800000 USD
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6900000 USD
CY2019 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
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333900000 USD
CY2020 wab Contract With Customer Liability New Contract Additions
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871900000 USD
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410600000 USD
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325700000 USD
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483500000 USD
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10800000 USD
CY2019 wab Contractwith Customer Liability Increase Decrease Foreign Currency Translation Adjustment
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CY2020Q4 us-gaap Contract With Customer Liability
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CY2019Q4 us-gaap Contract With Customer Liability
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799700000 USD
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447200000 USD
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311100000 USD
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55700000 USD
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54800000 USD
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28900000 USD
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557200000 USD
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6200000 USD
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CY2018 us-gaap Net Income Loss
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294900000 USD
CY2020 us-gaap Dividends Cash
DividendsCash
92500000 USD
CY2019 us-gaap Dividends Cash
DividendsCash
80300000 USD
CY2018 us-gaap Dividends Cash
DividendsCash
46300000 USD
CY2020 us-gaap Undistributed Earnings
UndistributedEarnings
321900000 USD
CY2019 us-gaap Undistributed Earnings
UndistributedEarnings
246400000 USD
CY2018 us-gaap Undistributed Earnings
UndistributedEarnings
248600000 USD
CY2020 wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
CY2019 wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
CY2018 wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
CY2020 wab Undistributed Earnings Allocated To Common Shareholders
UndistributedEarningsAllocatedToCommonShareholders
320900000 USD
CY2019 wab Undistributed Earnings Allocated To Common Shareholders
UndistributedEarningsAllocatedToCommonShareholders
245700000 USD
CY2018 wab Undistributed Earnings Allocated To Common Shareholders
UndistributedEarningsAllocatedToCommonShareholders
247900000 USD
CY2020 wab Dividends Declared Common Shares
DividendsDeclaredCommonShares
92300000 USD
CY2019 wab Dividends Declared Common Shares
DividendsDeclaredCommonShares
80000000.0 USD
CY2018 wab Dividends Declared Common Shares
DividendsDeclaredCommonShares
46300000 USD
CY2020 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2019 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
400000 USD
CY2018 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2020 wab Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
413200000 USD
CY2019 wab Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
325300000 USD
CY2018 wab Numerator For Basic And Diluted Earnings Per Common Share
NumeratorForBasicAndDilutedEarningsPerCommonShare
294200000 USD
CY2020 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2019 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
400000 USD
CY2018 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
0 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
413200000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
325300000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
294200000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189900000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
170500000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96000000.0 shares
CY2020 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
6400000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
190400000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
177300000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96500000 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.18
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.91
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.06
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.17
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.84
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.05
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
189900000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
170500000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96000000.0 shares
CY2020 wab Basic Weighted Average Common Shares Outstanding And Non Vested Restricted Stock Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonVestedRestrictedStockExpectedToVest
190400000 shares
CY2019 wab Basic Weighted Average Common Shares Outstanding And Non Vested Restricted Stock Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonVestedRestrictedStockExpectedToVest
171000000.0 shares
CY2018 wab Basic Weighted Average Common Shares Outstanding And Non Vested Restricted Stock Expected To Vest
BasicWeightedAverageCommonSharesOutstandingAndNonVestedRestrictedStockExpectedToVest
96300000 shares
CY2020 wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
CY2019 wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
CY2018 wab Percentage Of Net Income Allocated To Common Shareholders
PercentageOfNetIncomeAllocatedToCommonShareholders
0.997
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
403000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
312000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
135000 shares
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19500000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
50000000.0 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25300000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
1800000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
1400000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
6300000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
31900000 USD
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y4M24D
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
983512 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.52
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
40100000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
82580 shares
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
77.54
CY2018 wab Share Based Compensation Arrangement By Share Based Payment Award Options Granted Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedIntrinsicValue
0 USD
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
582303 shares
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
28.29
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
24400000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
17112 shares
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
69.76
CY2018 wab Share Based Compensation Arrangementby Sharebased Payment Award Options Canceled Intrinsic Value
ShareBasedCompensationArrangementbySharebasedPaymentAwardOptionsCanceledIntrinsicValue
0 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
466677 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
61.04
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y8M12D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4300000 USD
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
35.47
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
134450 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
70.44
CY2019 wab Share Based Compensation Arrangement By Share Based Payment Award Options Granted Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedIntrinsicValue
1000000.0 USD
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4868 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
22.45
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
300000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
8235 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
73.00
CY2019 wab Share Based Compensation Arrangementby Sharebased Payment Award Options Canceled Intrinsic Value
ShareBasedCompensationArrangementbySharebasedPaymentAwardOptionsCanceledIntrinsicValue
0 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
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
136506 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
77.75
CY2020 wab Share Based Compensation Arrangement By Share Based Payment Award Options Granted Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedIntrinsicValue
0 USD
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
86145 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
85716 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
73.73
CY2020 wab Share Based Compensation Arrangementby Sharebased Payment Award Options Canceled Intrinsic Value
ShareBasedCompensationArrangementbySharebasedPaymentAwardOptionsCanceledIntrinsicValue
0 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
552669 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
69.82
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M6D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4200000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
336114 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
58.52
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3900000 USD
CY2020Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
552669 shares
CY2020Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
69.82
CY2020Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
336114 shares
CY2020Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
58.52
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0060
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0066
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0031
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.015
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.026
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.028
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.281
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.258
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.239
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
21.05
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
19.54
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
20.59
CY2020 wab Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Expected Life
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateExpectedLife
P7Y
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
78.76
CY2018 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
73.76
CY2018 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
81.55
CY2018 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
74.62
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
78.60
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
75.51
CY2019 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
70.61
CY2019 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
71.65
CY2019 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
78.04
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
74.04
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-126000000.0 USD
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
CY2020 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
75.68
CY2020 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
77.45
CY2020 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
71.32
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
72.83
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
73.75
CY2020 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
40600000 USD
CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2900000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
43500000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-128100000 USD
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2100000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
57300000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
54400000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1200000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1100000 USD
CY2020 wab Short Term And Variable Lease Cost
ShortTermAndVariableLeaseCost
100000 USD
CY2019 wab Short Term And Variable Lease Cost
ShortTermAndVariableLeaseCost
600000 USD
CY2020 us-gaap Sublease Income
SubleaseIncome
400000 USD
CY2019 us-gaap Sublease Income
SubleaseIncome
500000 USD
CY2020 us-gaap Lease Cost
LeaseCost
58200000 USD
CY2019 us-gaap Lease Cost
LeaseCost
55600000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
56400000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
400000 USD
CY2020Q4 wab Lessee Operating And Finance Lease Liability Total Payments Next Twelve Months
LesseeOperatingAndFinanceLeaseLiabilityTotalPaymentsNextTwelveMonths
56800000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
50100000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
200000 USD
CY2020Q4 wab Lessee Operating And Finance Lease Liability Total Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityTotalPaymentsDueYearTwo
50300000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
43400000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
200000 USD
CY2020Q4 wab Lessee Operating And Finance Lease Liability Total Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityTotalPaymentsDueYearThree
43600000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
37900000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
200000 USD
CY2020Q4 wab Lessee Operating And Finance Lease Liability Total Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityTotalPaymentsDueYearFour
38100000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
32400000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
100000 USD
CY2020Q4 wab Lessee Operating And Finance Lease Liability Total Payments Due Year Five
LesseeOperatingAndFinanceLeaseLiabilityTotalPaymentsDueYearFive
32500000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
103600000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
100000 USD
CY2020Q4 wab Lessee Operating And Finance Lease Liability Total Payments Due After Year Five
LesseeOperatingAndFinanceLeaseLiabilityTotalPaymentsDueAfterYearFive
103700000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
323800000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1200000 USD
CY2020Q4 wab Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
325000000.0 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
29000000.0 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0 USD
CY2020Q4 wab Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
29000000.0 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
294800000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1200000 USD
CY2020Q4 wab Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
296000000.0 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y4M24D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.027
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.046
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.014
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.014
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
267700000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
153700000 USD
CY2020 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
4300000 USD
CY2019 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
127800000 USD
CY2020 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
130000000.0 USD
CY2019 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
105500000 USD
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
131300000 USD
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
118000000.0 USD
CY2020 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-7800000 USD
CY2019 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
1300000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
278500000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
267700000 USD
CY2020Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
218100000 USD
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7556100000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7556100000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
744500000 USD
CY2020 wab Interest Expense And Other Net
InterestExpenseAndOtherNet
187300000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
557200000 USD
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
473300000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
136400000 USD
CY2020Q4 us-gaap Assets
Assets
18454500000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8200000000.0 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8200000000.0 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
663100000 USD
CY2019 wab Interest Expense And Other Net
InterestExpenseAndOtherNet
216300000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
446800000 USD
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
401400000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
185300000 USD
CY2019Q4 us-gaap Assets
Assets
18944200000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4363500000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4363500000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
473400000 USD
CY2018 wab Interest Expense And Other Net
InterestExpenseAndOtherNet
105800000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
367600000 USD
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
109300000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
93300000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7556100000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8200000000.0 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4363500000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1601600000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1655800000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-8200000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-13500000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-5700000 USD
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9700000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8100000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1900000 USD
CY2020 wab Periodic Defined Benefits Expense Reversalof Expense Excluding Interest Cost And Service Cost Component
PeriodicDefinedBenefitsExpenseReversalofExpenseExcludingInterestCostAndServiceCostComponent
-10000000.0 USD
CY2019 wab Periodic Defined Benefits Expense Reversalof Expense Excluding Interest Cost And Service Cost Component
PeriodicDefinedBenefitsExpenseReversalofExpenseExcludingInterestCostAndServiceCostComponent
-9900000 USD
CY2018 wab Periodic Defined Benefits Expense Reversalof Expense Excluding Interest Cost And Service Cost Component
PeriodicDefinedBenefitsExpenseReversalofExpenseExcludingInterestCostAndServiceCostComponent
-9000000.0 USD
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1700000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1200000 USD
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
11600000 USD
CY2019 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2800000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6400000 USD

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