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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 259.6 $ 182.0
Short-term investments 9.3 14.2
Accounts receivable (net of allowances of $12.5 and $7.7) 634.7 683.0
Inventories, net 607.3 633.0
Other current assets 76.7 62.0
Total Current Assets 1,587.6 1,574.2
Property, Plant, and Equipment, net 519.2 505.2
Other Assets    
Investments 71.1 55.7
Goodwill 1,923.3 1,811.8
Other Intangible assets, net 810.6 781.5
Other long-term assets 173.3 174.6
TOTAL ASSETS 5,085.1 4,903.0
Current Liabilities    
Short-term debt and current portion of long-term debt 153.1 65.4
Accounts payable 378.0 347.7
Accrued salaries, wages and employee benefits 91.5 101.5
Accrued insurance 71.6 68.1
Other accrued liabilities 254.0 262.2
Total Current Liabilities 948.2 844.9
Long-term Debt 1,436.9 1,506.0
Other Non-Current Liabilities 614.6 591.6
TOTAL LIABILITIES 2,999.7 2,942.5
Commitments and Contingencies (see Note 15)
Hubbell Incorporated Shareholders’ Equity    
Common Stock - par value $.01, Authorized 200,000,000 shares, outstanding 54,382,659 and 54,514,172 shares 0.6 0.6
Additional paid-in capital 4.9 0.0
Retained earnings 2,393.7 2,279.4
Accumulated other comprehensive loss (329.2) (332.9)
Total Hubbell Incorporated Shareholders’ Equity 2,070.0 1,947.1
Noncontrolling interest 15.4 13.4
TOTAL EQUITY 2,085.4 1,960.5
TOTAL LIABILITIES AND EQUITY $ 5,085.1 $ 4,903.0