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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Supplier Finance Program Obligations
The rollforward of the Company’s outstanding obligations confirmed as valid under the Payment Services Arrangements supplier finance program for the year ended December 31, 2025 and December 31, 2024, is as follows:
 
(in millions)Year Ended December 31, 2025Year Ended December 31, 2024
Confirmed obligations outstanding at the beginning of the period$101.9 $101.3 
Invoices confirmed during the period322.9 348.7 
Confirmed invoices paid during the period(329.3)(348.1)
Confirmed obligations outstanding at the end of the period$95.5 $101.9 
The rollforward of the Company’s outstanding obligations confirmed as valid under the commercial card supplier finance program for the year ended December 31, 2025 and December 31, 2024, is as follows:
 
(in millions)Year Ended December 31, 2025Year Ended December 31, 2024
Confirmed obligations outstanding at the beginning of the period$2.4 $2.0 
Invoices confirmed during the period21.8 24.7 
Confirmed invoices paid during the period(22.1)(24.3)
Confirmed obligations outstanding at the end of the period$2.1 $2.4 
Schedule of Change in Inventory Costing Method
The table below illustrates the impacts for the years ended December 31, 2025, 2024 and 2023, respectively had the Company continued to report under the LIFO basis of accounting. The Consolidated Statement of Income at December 31, 2025, 2024 and 2023 have been retrospectively adjusted to reflect the change in accounting principle (in millions, except per share data):


 For the Year Ended December, 31, 2025For the Year Ended December, 31, 2024For the Year Ended December, 31, 2023
 As Computed Under LIFOImpact of ChangeAs ReportedAs Reported Under LIFOImpact of Change FIFOAs AdjustedAs Reported Under LIFOImpact of Change FIFOAs Adjusted
Consolidated Statement of Income    
Net sales$5,844.6 $— $5,844.6 $5,628.5 $— $5,628.5 $5,372.9 $— $5,372.9 
Cost of goods sold3,843.2 (62.7)3,780.5 3,724.4 (1.5)3,722.9 3,484.8 11.1 3,495.9 
Operating Income1,146.1 62.7 1,208.8 1,091.6 1.5 1,093.1 1,038.5 (11.1)1,027.4 
Income before income taxes1,056.4 62.7 1,119.1 1,005.3 1.5 1,006.8 983.3 (11.1)972.2 
Provision for income taxes212.3 14.9 227.2 221.8 0.3 222.1 217.3 (2.7)214.6 
Net income844.1 47.8 891.9 783.5 1.2 784.7 766.0 (8.4)757.6 
Less: Net income attributable to noncontrolling interest(4.8)— (4.8)(5.7)— (5.7)(6.2)— (6.2)
Net income attributable to Hubbell Incorporated$839.3 $47.8 $887.1 $777.8 $1.2 $779.0 $759.8 $(8.4)$751.4 
Earnings per share
Basic earnings per share$15.73 $0.90 $16.63 $14.46 $0.03 $14.49 $14.14 $(0.16)$13.98 
Diluted earnings per share$15.65 $0.89 $16.54 $14.37 $0.02 $14.39 $14.05 $(0.16)$13.89 

The Consolidated Balance Sheet at December 31, 2025 and December 31, 2024 have been retrospectively adjusted to reflect the change in accounting principle (in millions):

 December 31, 2025December 31, 2024
 As Computed Under LIFOImpact of ChangeAs ReportedAs Reported Under LIFOImpact of Change FIFOAs Adjusted
Condensed Balance Sheet
Inventories, net$852.5 $231.3 $1,083.8 $841.8 $168.6 $1,010.4 
Total Current Assets2,362.7 231.3 2,594.0 2,089.3 168.6 2,257.9 
Total Assets7,997.5 231.3 8,228.8 6,679.1 168.6 6,847.7 
Other Accrued Liabilities422.6 28.1 450.7 372.4 — 372.4 
Total Current Liabilities1,480.6 28.1 1,508.7 1,274.2 — 1,274.2 
Other Non-Current Liabilities798.4 27.5 825.9 679.5 40.7 720.2 
Total Liabilities4,315.3 55.6 4,370.9 3,396.4 40.7 3,437.1 
Hubbell Incorporated Shareholders' Equity3,672.2 175.7 3,847.9 3,268.3 127.9 3,396.2 
Total Equity3,682.2 175.7 3,857.9 3,282.7 127.9 3,410.6 
Total Liabilities and Equity$7,997.5 $231.3 $8,228.8 $6,679.1 $168.6 $6,847.7 
The Consolidated Statement of Cash Flows for the years ended December 31, 2024 and December 31, 2023 have been retrospectively adjusted to reflect the change in accounting principle (in millions):

 Year Ended December 31, 2024Year Ended December 31, 2023
 As Reported Under LIFOImpact of Change FIFOAs AdjustedAs Reported Under LIFOImpact of Change FIFOAs Adjusted
Condensed Statement of Cash Flows
Net income $783.5 $1.2 $784.7 $766.0 $(8.4)$757.6 
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income taxes1.7 0.3 2.0 (16.2)(2.7)(18.9)
Changes in assets and liabilities, excluding effects of acquisitions:
(Increase) Decrease in inventories, net(22.7)(1.5)(24.2)(42.1)11.1 (31.0)
Net cash provided by operating activities $991.2 $— $991.2 $880.8 $— $880.8