EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The computation of basic and diluted earnings per share for Net income attributable to Wabtec shareholders is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
In millions, except per share data	2022		2021		2022		2021
Numerator
Net income attributable to Wabtec shareholders	$	166	$	125	$	315	$	237
Denominator
Weighted average shares outstanding - basic	181.9		188.6		183.2		188.5
Effect of dilutive securities:
Assumed conversion of dilutive stock-based compensation plans	0.5		0.3		0.5		0.4
Weighted average shares outstanding - diluted	182.4		188.9		183.7		188.9
Net income attributable to Wabtec shareholders per common share
Basic	$	0.91	$	0.66	$	1.71	$	1.25
Diluted	$	0.91	$	0.66	$	1.71	$	1.25

Approximately 0.2 million outstanding shares of stock options for the three and six months ended June 30, 2021 were not included in the computation of quarterly diluted earnings per share because their exercise price exceeded the average market price of the Company's common stock.