Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 329.1	$ 336.1
Short-term investments	15.9	12.6
Accounts receivable (net of allowances of $11.3 and $11.6)	756.0	785.4
Inventories, net	841.8	832.9
Other current assets	146.5	129.7
Assets held for sale - current	0.0	70.5
Total Current Assets	2,089.3	2,167.2
Property, Plant, and Equipment, net	726.6	652.6
Other Assets
Investments	84.9	75.8
Goodwill	2,500.8	2,533.4
Other intangible assets, net	1,080.0	1,196.0
Other long-term assets	197.5	197.1
Assets held for sale - non-current	0.0	91.9
TOTAL ASSETS	6,679.1	6,914.0
Current Liabilities
Short-term debt and current portion of long-term debt	125.4	117.4
Accounts payable	541.7	563.5
Accrued salaries, wages and employee benefits	145.7	173.6
Accrued insurance	89.0	79.1
Other accrued liabilities	372.4	365.2
Liabilities held for sale - current	0.0	24.6
Total Current Liabilities	1,274.2	1,323.4
Long-term Debt	1,442.7	2,023.2
Other Non-Current Liabilities	679.5	660.6
Liabilities held for sale - non-current	0.0	17.5
TOTAL LIABILITIES	3,396.4	4,024.7
Commitments and Contingencies (see Note 16)
Hubbell Incorporated Shareholders’ Equity
Common stock - Authorized 200,000,000 shares, outstanding 53,759,976 and 53,730,566 shares	0.6	0.6
Additional paid-in capital	2.6	6.1
Retained earnings	3,651.6	3,182.7
Accumulated other comprehensive loss	(386.5)	(312.4)
Total Hubbell Incorporated Shareholders’ Equity	3,268.3	2,877.0
Noncontrolling interest	14.4	12.3
TOTAL EQUITY	3,282.7	2,889.3
TOTAL LIABILITIES AND EQUITY	$ 6,679.1	$ 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).