Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Financial Information

Segment financial information for the three months ended September 30, 2020 is as follows:

In millions	Freight Segment		Transit Segment		Corporate Activities and Elimination		Total
Sales to external customers	$	1,237.3	$	627.8	$	—	$	1,865.1
Intersegment sales/(elimination)	10.9		7.8		(18.7)		—
Total sales	$	1,248.2	$	635.6	$	(18.7)	$	1,865.1
Income (loss) from operations	$	160.2	$	64.1	$	(17.6)	$	206.7
Interest expense and other, net	—		—		(31.3)		(31.3)
Income (loss) from operations before income taxes	$	160.2	$	64.1	$	(48.9)	$	175.4

Segment financial information for the three months ended September 30, 2019 is as follows:

In millions	Freight Segment		Transit Segment		Corporate Activities and Elimination		Total
Sales to external customers	$	1,332.5	$	669.2	$	—	$	2,001.7
Intersegment sales/(elimination)	12.7		6.3		(19.0)		—
Total sales	$	1,345.2	$	675.5	$	(19.0)	$	2,001.7
Income (loss) from operations	$	155.3	$	52.9	$	(39.1)	$	169.1
Interest expense and other, net	—		—		(55.8)		(55.8)
Income (loss) from operations before income taxes	$	155.3	$	52.9	$	(94.9)	$	113.3

Segment financial information for the nine months ended September 30, 2020 is as follows:

In millions	Freight Segment		Transit Segment		Corporate Activities and Elimination		Total
Sales to external customers	$	3,743.0	$	1,789.4	$	—	$	5,532.4
Intersegment sales/(elimination)	36.3		23.0		(59.3)		—
Total sales	$	3,779.3	$	1,812.4	$	(59.3)	$	5,532.4
Income (loss) from operations	$	463.4	$	172.9	$	(52.9)	$	583.4
Interest expense and other, net	—		—		(144.5)		(144.5)
Income (loss) from operations before income taxes	$	463.4	$	172.9	$	(197.4)	$	438.9

Segment financial information for the nine months ended September 30, 2019 is as follows:

In millions	Freight Segment		Transit Segment		Corporate Activities and Elimination		Total
Sales to external customers	$	3,774.3	$	2,057.3	$	—	$	5,831.6
Intersegment sales/(elimination)	44.0		14.4		(58.4)		—
Total sales	$	3,818.3	$	2,071.7	$	(58.4)	$	5,831.6
Income (loss) from operations	$	403.7	$	175.4	$	(142.1)	$	437.0
Interest expense and other, net	—		—		(164.9)		(164.9)
Income (loss) from operations before income taxes	$	403.7	$	175.4	$	(307.0)	$	272.1

Sales by Product

Sales by product line are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
In millions	2020		2019		2020		2019
Freight Segment:
Equipment	$	355.3	$	263.2	$	1,098.2	$	1,061.7
Components	208.2		248.7		624.1		823.4
Digital Electronics	161.0		185.5		500.1		466.3
Services	512.8		635.1		1,520.6		1,422.9
Total Freight Segment sales	$	1,237.3	$	1,332.5	$	3,743.0	$	3,774.3
Transit Segment:
Original Equipment Manufacturer	303.1		309.9		817.4		972.8
Aftermarket	324.7		359.3		972.0		1,084.5
Total Transit Segment sales	$	627.8	$	669.2	$	1,789.4	$	2,057.3