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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 388.2 $ 336.1
Short-term investments 12.1 12.6
Accounts receivable (net of allowances of $11.4 and $11.6) 865.6 785.4
Inventories, net 842.4 832.9
Other current assets 124.2 129.7
Assets held for sale - current 0.0 70.5
Total Current Assets 2,232.5 2,167.2
Property, Plant, and Equipment, net 662.2 652.6
Other Assets    
Investments 75.3 75.8
Goodwill 2,532.7 2,533.4
Other intangible assets, net 1,165.1 1,196.0
Other long-term assets 194.3 197.1
Assets held for sale - non-current 0.0 91.9
TOTAL ASSETS 6,862.1 6,914.0
Current Liabilities    
Short-term debt and current portion of long-term debt 219.7 117.4
Accounts payable 598.5 563.5
Accrued salaries, wages and employee benefits 74.0 173.6
Accrued insurance 87.6 79.1
Other accrued liabilities 368.9 365.2
Liabilities held for sale - current 0.0 24.6
Total Current Liabilities 1,348.7 1,323.4
Long-Term Debt 1,895.7 2,023.2
Other Non-Current Liabilities 674.6 660.6
Liabilities held for sale - non-current 0.0 17.5
TOTAL LIABILITIES 3,919.0 4,024.7
Commitments and contingencies (Note 15)
Hubbell Incorporated Shareholders’ Equity 2,930.4 2,877.0
Noncontrolling interest 12.7 12.3
TOTAL EQUITY 2,943.1 2,889.3
TOTAL LIABILITIES AND EQUITY $ 6,862.1 $ 6,914.0