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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 492.6 $ 440.5
Short-term investments 16.2 14.3
Accounts receivable (net of allowances of $13.6 and $14.3) 811.2 741.6
Inventories, net 794.1 740.7
Other current assets 91.7 84.3
Total Current Assets 2,205.8 2,021.4
Property, Plant, and Equipment, net 557.5 528.0
Other Assets    
Investments 69.6 65.9
Goodwill 1,998.8 1,970.5
Other intangible assets, net 664.4 669.9
Other long-term assets 144.8 146.9
TOTAL ASSETS 5,640.9 5,402.6
Current Liabilities    
Short-term debt 1.8 4.7
Accounts payable 554.8 529.9
Accrued salaries, wages and employee benefits 117.2 144.2
Accrued insurance 78.9 75.6
Other accrued liabilities 317.1 334.1
Total Current Liabilities 1,069.8 1,088.5
Long-Term Debt 1,439.1 1,437.9
Other Non-Current Liabilities 500.9 505.6
TOTAL LIABILITIES 3,009.8 3,032.0
Hubbell Incorporated Shareholders’ Equity 2,620.7 2,360.9
Noncontrolling interest 10.4 9.7
TOTAL EQUITY 2,631.1 2,370.6
TOTAL LIABILITIES AND EQUITY $ 5,640.9 $ 5,402.6