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Total Equity
9 Months Ended
Sep. 30, 2014
Stockholders Equity Disclosure [Abstract]  
Stockholders Equity Note Disclosure [Text Block]

Note 8 Total Equity

 

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

  September 30, December 31,
  2014 2013
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 51.9 and 52.0 shares  0.5   0.5
Additional paid-in-capital  17.9   44.2
Retained earnings  2,088.0   1,932.6
Accumulated other comprehensive loss:     
 Pension and post retirement benefit plan adjustment, net of tax  (65.4)   (67.0)
 Cumulative translation adjustment  (15.7)   (4.2)
 Unrealized gain on investment, net of tax  0.4   0.4
 Cash flow hedge loss, net of tax  (0.1)   (0.2)
Total Accumulated other comprehensive loss  (80.8)   (71.0)
Hubbell shareholders' equity  2,025.7   1,906.4
Noncontrolling interest  9.3   8.4
Total equity$ 2,035.0 $ 1,914.8

A summary of the changes in equity for the nine months ended September 30, 2014 and 2013 is provided below (in millions):

  Nine Months Ended September 30
  2014 2013
  Hubbell Shareholders' Equity  Noncontrolling interest Total Equity Hubbell Shareholders' Equity  Noncontrolling interest Total Equity
Equity, January 1,$ 1,906.4 $ 8.4 $ 1,914.8 $ 1,661.2 $ 6.7 $ 1,667.9
Total comprehensive income   234.2   2.6   236.8   239.2   2.5   241.7
Stock-based compensation   9.4   -   9.4   7.8   -   7.8
Exercise of stock options   1.1   -   1.1   1.5   -   1.5
Income tax windfall from stock-based awards, net  7.8   -   7.8   6.5   -   6.5
Repurchase/surrender of common shares   (45.0)   -   (45.0)   (40.4)   -   (40.4)
Issuance of shares related to directors' deferred compensation  0.5   -   0.5   0.1   -   0.1
Dividends to noncontrolling interest  -   (1.7)   (1.7)   -   (1.1)   (1.1)
Cash dividends declared   (88.7)   -   (88.7)   (80.1)   -   (80.1)
Equity, September 30,$ 2,025.7 $ 9.3 $ 2,035.0 $ 1,795.8 $ 8.1 $ 1,803.9

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