CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 501	$ 473
Accounts receivable	1,000	1,085
Unbilled accounts receivable	422	392
Inventories	1,918	1,689
Other current assets	205	193
Total current assets	4,046	3,832
Property, plant and equipment, net	1,428	1,497
Goodwill	8,459	8,587
Other intangible assets, net	3,531	3,705
Other noncurrent assets	869	833
Total noncurrent assets	14,287	14,622
Total Assets	18,333	18,454
Liabilities
Accounts payable	1,178	1,012
Customer deposits	627	629
Accrued compensation	228	335
Accrued warranty	216	228
Current portion of long-term debt	226	2
Other accrued liabilities	715	704
Total current liabilities	3,190	2,910
Long-term debt	3,987	4,056
Accrued postretirement and pension benefits	68	77
Deferred income taxes	289	288
Contingent consideration	143	141
Other long-term liabilities	709	743
Total Liabilities	8,386	8,215
Commitments and contingencies (Note 14)
Equity
Common stock, $.01 par value; 500.0 shares authorized and 226.9 shares issued: 181.9 and 185.8 outstanding at June 30, 2022 and December 31, 2021, respectively	2	2
Additional paid-in capital	7,926	7,916
Treasury stock, at cost, 45.0 and 41.1 shares, at June 30, 2022 and December 31, 2021, respectively	(1,696)	(1,306)
Retained earnings	4,314	4,055
Accumulated other comprehensive loss	(641)	(466)
Total Westinghouse Air Brake Technologies Corporation shareholders’ equity	9,905	10,201
Noncontrolling interest	42	38
Total Equity	9,947	10,239
Total Liabilities and Equity	$ 18,333	$ 18,454