Total Equity

3 Months Ended

Mar. 31, 2016

Stockholders' Equity Note [Abstract]

Total Equity

Total Equity

Total equity is comprised of the following (in millions, except per share amounts):

	March 31, 2016			December 31, 2015
Common stock, $.01 par value:
Common Stock-- authorized 200.0 shares; issued and outstanding 55.7 and 57.8 shares	$	0.6		$	0.6
Additional paid-in capital	—			78.1
Retained earnings	1,789.8			1,886.1
Accumulated other comprehensive loss:
Pension and post retirement benefit plan adjustment, net of tax	(138.2		)	(140.2		)
Cumulative translation adjustment	(84.7		)	(85.4		)
Unrealized gain on investment, net of tax	0.3			—
Cash flow hedge (loss) gain, net of tax	(0.9		)	1.4
Total Accumulated other comprehensive loss	(223.5		)	(224.2		)
Hubbell shareholders’ equity	1,566.9			1,740.6
Noncontrolling interest	8.8			8.4
TOTAL EQUITY	$	1,575.7		$	1,749.0

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 decline in Retained earnings in the first three months of 2016 reflects this accounting treatment.

A summary of the changes in equity for the three months ended March 31, 2016 and 2015 is provided below (in millions):

	Three Months Ended March 31,
	2016									2015
	Hubbell Shareholders’ Equity			Noncontrolling interest			Total Equity			Hubbell Shareholders’ Equity			Noncontrolling interest			Total Equity
EQUITY, JANUARY 1	$	1,740.6		$	8.4		$	1,749.0		$	1,927.1		$	8.6		$	1,935.7
Total comprehensive income	61.6			1.1			62.7			41.0			1.0			42.0
Stock-based compensation	4.6			—			4.6			3.7			—			3.7
Income tax windfall from stock-based awards, net	0.8			—			0.8			1.3			—			1.3
Repurchase/surrender of common shares	(205.2		)	—			(205.2		)	(78.6		)	—			(78.6		)
Issuance of shares related to directors’ deferred compensation, net	0.1			—			0.1			0.2			—			0.2
Dividends to noncontrolling interest	—			(0.7		)	(0.7		)	—			(0.6		)	(0.6		)
Cash dividends declared	(35.6		)	—			(35.6		)	(32.5		)	—			(32.5		)
EQUITY, MARCH 31	$	1,566.9		$	8.8		$	1,575.7		$	1,862.2		$	9.0		$	1,871.2

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