Total Equity

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Total Equity

Total Equity

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

	March 31, 2017			December 31, 2016
Common stock, $.01 par value:
Common Stock-- authorized 200.0 shares; issued and outstanding 55.0 and 55.5 shares	$	0.5		$	0.6
Additional paid-in capital	—			15.4
Retained earnings	1,867.2			1,879.3
Accumulated other comprehensive loss:
Pension and post retirement benefit plan adjustment, net of tax	(178.8		)	(180.5		)
Cumulative translation adjustment	(109.3		)	(120.8		)
Unrealized gain on investment, net of tax	(0.8		)	(1.2		)
Cash flow hedge (loss) gain, net of tax	(0.1		)	—
Total Accumulated other comprehensive loss	(289.0		)	(302.5		)
Hubbell shareholders’ equity	1,578.7			1,592.8
Noncontrolling interest	10.1			10.4
TOTAL EQUITY	$	1,588.8		$	1,603.2

For accounting purposes, the Company treats repurchased shares as constructively retired when acquired and accordingly charges the purchase price against Common Stock par value, Additional paid-in capital, to the extent available, and Retained earnings. As a result of this accounting treatment, during the first three months of 2017, $36.1 million of purchase price of repurchased shares was allocated to retained earnings.

A summary of the changes in equity for the three months ended March 31, 2017 and 2016 is provided below (in millions):

	Three Months Ended March 31,
	2017									2016
	Hubbell Shareholders’ Equity			Noncontrolling interest			Total Equity			Hubbell Shareholders’ Equity			Noncontrolling interest			Total Equity
EQUITY, JANUARY 1	$	1,592.8		$	10.4		$	1,603.2		$	1,740.6		$	8.4		$	1,749.0
Total comprehensive income	76.3			1.1			77.4			61.6			1.1			62.7
Stock-based compensation	4.2			—			4.2			4.6			—			4.6
Income tax windfall from stock-based awards, net	—			—			—			0.8			—			0.8
Repurchase/surrender of shares of common stock	(55.9		)	—			(55.9		)	(205.2		)	—			(205.2		)
Issuance of shares related to directors’ deferred compensation, net	0.1			—			0.1			0.1			—			0.1
Dividends to noncontrolling interest	—			(1.4		)	(1.4		)	—			(0.7		)	(0.7		)
Cash dividends declared	(38.8		)	—			(38.8		)	(35.6		)	—			(35.6		)
EQUITY, MARCH 31	$	1,578.7		$	10.1		$	1,588.8		$	1,566.9		$	8.8		$	1,575.7

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