Total Equity

6 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

Total Equity

Total Equity

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

	June 30, 2016			December 31, 2015
Common stock, $.01 par value:
Common Stock-- authorized 200.0 shares; issued and outstanding 55.3 and 57.8 shares	$	0.6		$	0.6
Additional paid-in capital	2.8			78.1
Retained earnings	1,802.0			1,886.1
Accumulated other comprehensive loss:
Pension and post retirement benefit plan adjustment, net of tax	(136.1		)	(140.2		)
Cumulative translation adjustment	(98.5		)	(85.4		)
Unrealized gain on investment, net of tax	0.5			—
Cash flow hedge (loss) gain, net of tax	(1.1		)	1.4
Total Accumulated other comprehensive loss	(235.2		)	(224.2		)
Hubbell shareholders’ equity	1,570.2			1,740.6
Noncontrolling interest	9.2			8.4
TOTAL EQUITY	$	1,579.4		$	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 change in Retained earnings in the first six months of 2016 reflects this accounting treatment.

A summary of the changes in equity for the six months ended June 30, 2016 and 2015 is provided below (in millions):

	Six Months Ended June 30,
	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	130.9			2.1			133.0			135.7			2.2			137.9
Stock-based compensation	8.8			—			8.8			7.0			—			7.0
Income tax windfall from stock-based awards, net	0.9			—			0.9			1.6			—			1.6
Repurchase/surrender of shares of common stock	(240.8		)	—			(240.8		)	(79.3		)	—			(79.3		)
Issuance of shares related to directors’ deferred compensation, net	0.3			—			0.3			0.2			—			0.2
Dividends to noncontrolling interest	—			(1.3		)	(1.3		)	—			(1.7		)	(1.7		)
Cash dividends declared	(70.5		)	—			(70.5		)	(64.9		)	—			(64.9		)
EQUITY, JUNE 30	$	1,570.2		$	9.2		$	1,579.4		$	1,927.4		$	9.1		$	1,936.5

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