Total Equity

9 Months Ended

Sep. 30, 2020

Stockholders' Equity Note [Abstract]

A summary of changes in total equity for the three and nine months ended September 30, 2020 and the three and nine months ended September 30, 2019 is provided below (in millions, except per share amounts):


	Common Stock		Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Total Hubbell Shareholders' Equity		Non- controlling interest
BALANCE AT DECEMBER 31, 2019	$	0.6	$	—	$	2,279.4	$	(332.9)	$	1,947.1	$	13.4
Net income	—		—		163.2		—		163.2		1.6
Other comprehensive (loss) income	—		—		—		(19.0)		(19.0)		—
Stock-based compensation	—		15.9		—		—		15.9		—

Acquisition/surrender of common shares⁽¹⁾	—		(12.0)		(34.1)		—		(46.1)		—
Cash dividends declared ($0.91 per share)	—		—		(99.1)		—		(99.1)		—
Dividends to noncontrolling interest	—		—		—		—		—		(1.4)

Directors deferred compensation	—		(1.1)		—		—		(1.1)		—
Cumulative effect from adoption of CECL accounting standard (Note1)	—		—		(1.0)		—		(1.0)		—
BALANCE AT JUNE 30, 2020	$	0.6	$	2.8	$	2,308.4	$	(351.9)	$	1,959.9	$	13.6
Net income	—		—		107.1		—		107.1		1.5
Other comprehensive (loss) income	—		—		—		(4.4)		(4.4)		—
Stock-based compensation	—		4.1		—		—		4.1		—
Acquisition/surrender of common shares⁽¹⁾	—		(0.6)		—		—		(0.6)		—
Cash dividends declared ($0.91 per share)	—		—		(49.5)		—		(49.5)		—
Dividends to noncontrolling interest	—		—		—		—		—		(0.9)
Directors deferred compensation	—		0.2		—		—		0.2		—

BALANCE AT SEPTEMBER 30, 2020	$	0.6	$	6.5	$	2,366.0	$	(356.3)	$	2,016.8	$	14.2


	Common Stock		Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Total Hubbell Shareholders' Equity		Non- controlling interest
BALANCE AT DECEMBER 31, 2018	$	0.6	$	1.3	$	2,064.4	$	(285.7)	$	1,780.6	$	18.3
Net income	—		—		168.3		—		168.3		3.4
Other comprehensive (loss) income	—		—		—		6.0		6.0		—
Stock-based compensation	—		8.3		—		—		8.3		—
Reclassification of stranded tax effects	—		—		30.0		(30.0)		—		—
Acquisition/surrender of common shares⁽¹⁾	—		(8.8)		(27.2)		—		(36.0)		—
Cash dividends declared ($0.84 per share)	—		—		(91.7)		—		(91.7)		—
Dividends to noncontrolling interest	—		—		—		—		—		(2.6)

Directors deferred compensation	—		0.4		—		—		0.4		—
BALANCE AT JUNE 30, 2019	$	0.6	$	1.2	$	2,143.8	$	(309.7)	$	1,835.9	$	19.1
Net income	—		—		130.7		—		130.7		1.9
Other comprehensive (loss) income	—		—		—		(16.0)		(16.0)		—
Stock-based compensation	—		5.2		—		—		5.2		—
Acquisition/surrender of common shares⁽¹⁾	—		(5.8)		(1.4)		—		(7.2)		—
Cash dividends declared ($0.84 per share)	—		—		(45.6)		—		(45.6)		—
Dividends to noncontrolling interest	—		—		—		—		—		(8.5)
Directors deferred compensation	—		0.1		—		—		0.1		—
BALANCE AT SEPTEMBER 30, 2019	$	0.6	$	0.7	$	2,227.5	$	(325.7)	$	1,903.1	$	12.5

⁽¹⁾ 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. The change in Retained earnings of $34.1 million and $28.6 million in the first nine months of 2020 and 2019, respectively, reflects this accounting treatment.

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