Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 397.2	$ 336.1
Short-term investments	9.3	12.6
Accounts receivable (net of allowances of $10.9 and $11.6)	893.2	785.4
Inventories, net	856.5	832.9
Other current assets	118.5	129.7
Assets held for sale - current	0.0	70.5
Total Current Assets	2,274.7	2,167.2
Property, Plant, and Equipment, net	674.5	652.6
Other Assets
Investments	80.8	75.8
Goodwill	2,513.7	2,533.4
Other intangible assets, net	1,135.7	1,196.0
Other long-term assets	192.3	197.1
Assets held for sale - non-current	0.0	91.9
TOTAL ASSETS	6,871.7	6,914.0
Current Liabilities
Short-term debt and current portion of long-term debt	110.5	117.4
Accounts payable	586.7	563.5
Accrued salaries, wages and employee benefits	110.9	173.6
Accrued insurance	76.1	79.1
Other accrued liabilities	374.3	365.2
Liabilities held for sale - current	0.0	24.6
Total Current Liabilities	1,258.5	1,323.4
Long-Term Debt	1,892.7	2,023.2
Other Non-Current Liabilities	654.2	660.6
Liabilities held for sale - non-current	0.0	17.5
TOTAL LIABILITIES	3,805.4	4,024.7
Commitments and contingencies (Note 15)
Hubbell Incorporated Shareholders’ Equity	3,052.6	2,877.0
Noncontrolling interest	13.7	12.3
TOTAL EQUITY	3,066.3	2,889.3
TOTAL LIABILITIES AND EQUITY	$ 6,871.7	$ 6,914.0

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).