Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 424.2	$ 286.2
Short-term investments	13.9	9.4
Accounts receivable (net of allowances of $13.9 and $10.6)	780.5	675.3
Inventories, net	719.5	662.1
Other current assets	96.1	66.8
Assets held for sale - current	0.0	179.5
Total Current Assets	2,034.2	1,879.3
Property, Plant, and Equipment, net	464.8	459.5
Other Assets
Investments	71.9	69.1
Goodwill	1,859.4	1,871.3
Other intangible assets, net	644.1	681.5
Other long-term assets	163.8	143.7
Assets held for sale - non-current	0.0	177.1
TOTAL ASSETS	5,238.2	5,281.5
Current Liabilities
Short-term debt	5.8	9.7
Accounts payable	550.7	532.8
Accrued salaries, wages and employee benefits	91.7	94.7
Accrued insurance	73.0	73.3
Other accrued liabilities	281.7	263.4
Liabilities held for sale - current	0.0	91.3
Total Current Liabilities	1,002.9	1,065.2
Long-Term Debt	1,436.7	1,435.5
Other Non-Current Liabilities	530.7	521.3
Liabilities held for sale - non-current	0.0	18.8
TOTAL LIABILITIES	2,970.3	3,040.8
Hubbell Incorporated Shareholders’ Equity	2,256.9	2,229.8
Noncontrolling interest	11.0	10.9
TOTAL EQUITY	2,267.9	2,240.7
TOTAL LIABILITIES AND EQUITY	$ 5,238.2	$ 5,281.5

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable to insurance entities to mitigate potential loss from various risks or to satisfy a promise to provide certain coverage's to employees. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).