Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 435.7	$ 336.1
Short-term investments	9.9	12.6
Accounts receivable (net of allowances of $11.4 and $11.6)	894.8	785.4
Inventories, net	850.0	832.9
Other current assets	128.7	129.7
Assets held for sale - current	0.0	70.5
Total Current Assets	2,319.1	2,167.2
Property, Plant, and Equipment, net	692.6	652.6
Other Assets
Investments	85.5	75.8
Goodwill	2,523.5	2,533.4
Other intangible assets, net	1,108.4	1,196.0
Other long-term assets	205.9	197.1
Assets held for sale - non-current	0.0	91.9
TOTAL ASSETS	6,935.0	6,914.0
Current Liabilities
Short-term debt and current portion of long-term debt	291.2	117.4
Accounts payable	547.5	563.5
Accrued salaries, wages and employee benefits	120.4	173.6
Accrued insurance	77.8	79.1
Other accrued liabilities	359.8	365.2
Liabilities held for sale - current	0.0	24.6
Total Current Liabilities	1,396.7	1,323.4
Long-Term Debt	1,640.3	2,023.2
Other Non-Current Liabilities	669.2	660.6
Liabilities held for sale - non-current	0.0	17.5
TOTAL LIABILITIES	3,706.2	4,024.7
Commitments and contingencies (Note 15)
Hubbell Incorporated Shareholders’ Equity	3,215.0	2,877.0
Noncontrolling interest	13.8	12.3
TOTAL EQUITY	3,228.8	2,889.3
TOTAL LIABILITIES AND EQUITY	$ 6,935.0	$ 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).