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Total Equity(Tables)
 9 Months Ended
Sep. 30, 2017
Stockholders' Equity Note [Abstract]  
Schedule of stockholders equity
Total equity is comprised of the following (in millions, except per share amounts):
 
September 30, 2017

December 31, 2016

Common stock, $.01 par value:
 

 

Common Stock-- authorized 200.0 shares; issued and outstanding 54.7 and 55.5 shares
$
0.5

$
0.6

Additional paid-in capital
3.8

15.4

Retained earnings
1,914.3

1,879.3

Accumulated other comprehensive loss:
 

 

   Pension and post retirement benefit plan adjustment, net of tax
(175.0
)
(180.5
)
   Cumulative translation adjustment
(85.5
)
(120.8
)
   Unrealized gain on investment, net of tax
(0.2
)
(1.2
)
   Cash flow hedge (loss) gain, net of tax
(1.9
)
—

Total Accumulated other comprehensive loss
(262.6
)
(302.5
)
Hubbell shareholders’ equity
1,656.0

1,592.8

Noncontrolling interest
11.7

10.4

TOTAL EQUITY
$
1,667.7

$
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 nine months of 2017, $72.1 million of purchase price of repurchased shares was allocated to retained earnings.

A summary of the changes in equity for the nine months ended September 30, 2017 and 2016 is provided below (in millions):
 
Nine Months Ended September 30,
 
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
262.6

4.8

267.4

217.5

3.5

221.0

Stock-based compensation
11.9

—

11.9

13.1

—

13.1

Income tax windfall from stock-based awards, net
—

—

—

2.2

—

2.2

Repurchase/surrender of shares of common stock
(96.0
)
—

(96.0
)
(242.9
)
—

(242.9
)
Issuance of shares related to directors’ deferred compensation, net
0.4

—

0.4

0.4

—

0.4

Dividends to noncontrolling interest
—

(3.5
)
(3.5
)
—

(2.8
)
(2.8
)
Cash dividends declared
(115.7
)
—

(115.7
)
(105.4
)
—

(105.4
)
EQUITY, SEPTEMBER 30
$
1,656.0

$
11.7

$
1,667.7

$
1,625.5

$
9.1

$
1,634.6