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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 572.8 $ 440.5
Short-term investments 17.9 14.3
Accounts receivable (net of allowances of $13.2 and $14.3) 852.9 741.6
Inventories, net 788.4 740.7
Other current assets 86.4 84.3
Total Current Assets 2,318.4 2,021.4
Property, Plant, and Equipment, net 572.2 528.0
Other Assets    
Investments 61.6 65.9
Goodwill 1,994.7 1,970.5
Other intangible assets, net 644.7 669.9
Other long-term assets 176.7 146.9
TOTAL ASSETS 5,768.3 5,402.6
Current Liabilities    
Short-term debt 3.3 4.7
Accounts payable 554.7 529.9
Accrued salaries, wages and employee benefits 129.0 144.2
Accrued insurance 80.8 75.6
Other accrued liabilities 303.6 334.1
Total Current Liabilities 1,071.4 1,088.5
Long-Term Debt 1,439.7 1,437.9
Other Non-Current Liabilities 506.7 505.6
TOTAL LIABILITIES 3,017.8 3,032.0
Hubbell Incorporated Shareholders’ Equity 2,739.1 2,360.9
Noncontrolling interest 11.4 9.7
TOTAL EQUITY 2,750.5 2,370.6
TOTAL LIABILITIES AND EQUITY $ 5,768.3 $ 5,402.6