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Total Equity
3 Months Ended
Mar. 31, 2013
Stockholders Equity Disclosure [Abstract]  
Stockholders Equity Note Disclosure [Text Block]

Note 7 Total Equity

 

Total equity is comprised of the following (in millions, except per share amounts):

  March 31, December 31,
  2013 2012
Common stock, $.01 par value:     
 Class A - authorized 50.0 shares; issued and outstanding 7.2 and 7.2 shares$ 0.1 $ 0.1
 Class B - authorized 150.0 shares; issued and outstanding 52.2 and 52.1 shares  0.5   0.5
Additional paid-in-capital  66.3   64.0
Retained earnings  1,754.9   1,715.7
Accumulated other comprehensive loss:     
 Pension and post retirement benefit plan adjustment, net of tax  (127.9)   (130.1)
 Cumulative translation adjustment  2.3   10.8
 Unrealized gain on investment, net of tax  0.7   0.7
 Cash flow hedge loss, net of tax  (0.1)   (0.5)
Total Accumulated other comprehensive loss  (125.0)   (119.1)
Hubbell shareholders' equity  1,696.8   1,661.2
Noncontrolling interest  7.2   6.7
Total equity$ 1,704.0 $ 1,667.9

A summary of the changes in equity for the three months ended March 31, 2013 and 2012 is provided below (in millions):

  Three Months Ended March 31
  2013 2012
  Hubbell Shareholders' Equity  Noncontrolling interest Total Equity Hubbell Shareholders' Equity  Noncontrolling interest Total Equity
Equity, January 1,$ 1,661.2 $ 6.7 $ 1,667.9 $ 1,467.8 $ 5.7 $ 1,473.5
Total comprehensive income   60.0   0.9   60.9   77.9   0.4   78.3
Stock-based compensation   2.8   -   2.8   2.8   -   2.8
Exercise of stock options   0.8   -   0.8   18.3   -   18.3
Income tax windfall from stock-based awards, net  4.4   -   4.4   8.6   -   8.6
Repurchase/surrender of common shares   (5.8)   -   (5.8)   (49.8)   -   (49.8)
Issuance of shares related to directors' deferred compensation  0.1   -   0.1   0.2   -   0.2
Dividends to noncontrolling interest     (0.4)   (0.4)   -   (0.4)   (0.4)
Cash dividends declared   (26.7)   -   (26.7)   (24.4)   -   (24.4)
Equity, March 31,$ 1,696.8 $ 7.2 $ 1,704.0 $ 1,501.4 $ 5.7 $ 1,507.1

The detailed components of total comprehensive income are presented in the Condensed Consolidated Statement of Comprehensive Income.