Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 444.3	$ 653.9
Short-term investments	10.4	7.8
Accounts receivable, net	512.5	469.8
Inventories, net	511.9	441.8
Deferred taxes and other	57.7	56.1
Total Current Assets	1,536.8	1,629.4
Property, Plant, and Equipment, net	409.0	401.2
Other Assets
Investments	43.1	44.1
Goodwill	920.2	874.7
Intangible assets, net	368.1	322.8
Other long-term assets	52.9	50.6
TOTAL ASSETS	3,330.1	3,322.8
Current Liabilities
Short-term debt	0.2	1.4
Accounts payable	279.8	244.0
Accrued salaries, wages and employee benefits	54.6	76.0
Accrued insurance	54.2	47.8
Other accrued liabilities	127.5	130.0
Total Current Liabilities	516.3	499.2
Long-Term Debt	597.8	597.6
Other Non-Current Liabilities	279.5	290.3
TOTAL LIABILITIES	1,393.6	1,387.1
Total Hubbell Shareholders’ Equity	1,927.4	1,927.1
Noncontrolling interest	9.1	8.6
Total Equity	1,936.5	1,935.7
TOTAL LIABILITIES AND EQUITY	$ 3,330.1	$ 3,322.8

Aggregate carrying amount, as of the balance sheet date, of current assets not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Includes the current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets shall be classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, shall be classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward should be presented as a reduction of the related deferred tax asset.

No definition available.