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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 336.1 $ 440.5
Short-term investments 12.6 14.3
Accounts receivable (net of allowances of $11.6 and $14.3) 785.4 741.6
Inventories, net 832.9 740.7
Other current assets 129.7 84.3
Assets held for sale - current 70.5 0.0
Total Current Assets 2,167.2 2,021.4
Property, Plant, and Equipment, net 652.6 528.0
Other Assets    
Investments 75.8 65.9
Goodwill 2,533.4 1,970.5
Other intangible assets, net 1,196.0 669.9
Other long-term assets 197.1 146.9
Assets held for sale - non-current 91.9 0.0
TOTAL ASSETS 6,914.0 5,402.6
Current Liabilities    
Short-term debt and current portion of long-term debt 117.4 4.7
Accounts payable 563.5 529.9
Accrued salaries, wages and employee benefits 173.6 144.2
Accrued insurance 79.1 75.6
Other accrued liabilities 365.2 334.1
Liabilities held for sale - current 24.6 0.0
Total Current Liabilities 1,323.4 1,088.5
Long-term Debt 2,023.2 1,437.9
Other Non-Current Liabilities 660.6 505.6
Liabilities held for sale - non-current 17.5 0.0
TOTAL LIABILITIES 4,024.7 3,032.0
Commitments and Contingencies (see Note 16)
Hubbell Incorporated Shareholders’ Equity    
Common Stock - par value $0.01, Authorized 200,000,000 shares, outstanding 53,730,566 and 53,689,539 shares 0.6 0.6
Additional paid-in capital 6.1 0.0
Retained earnings 3,182.7 2,705.5
Accumulated other comprehensive loss (312.4) (345.2)
Total Hubbell Incorporated Shareholders’ Equity 2,877.0 2,360.9
Noncontrolling interest 12.3 9.7
TOTAL EQUITY 2,889.3 2,370.6
TOTAL LIABILITIES AND EQUITY $ 6,914.0 $ 5,402.6