Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 482.5	$ 329.1
Short-term investments	15.4	15.9
Accounts receivable (net of allowances of $13.9 and $11.3)	856.9	756.0
Inventories, net	1,083.8	1,010.4
Other current assets	155.4	146.5
Total Current Assets	2,594.0	2,257.9
Property, Plant, and Equipment, net	841.2	726.6
Other Assets
Investments	98.4	84.9
Goodwill	3,060.8	2,500.8
Other intangible assets, net	1,394.3	1,080.0
Other long-term assets	240.1	197.5
TOTAL ASSETS	8,228.8	6,847.7
Current Liabilities
Short-term debt	289.1	125.4
Accounts payable	570.5	541.7
Accrued salaries, wages and employee benefits	115.4	145.7
Accrued insurance	83.0	89.0
Other accrued liabilities	450.7	372.4
Total Current Liabilities	1,508.7	1,274.2
Long-term Debt	2,036.3	1,442.7
Other Non-Current Liabilities	825.9	720.2
TOTAL LIABILITIES	4,370.9	3,437.1
Commitments and Contingencies (see Note 15)
Hubbell Incorporated Shareholders’ Equity
Common stock - Authorized 200,000,000 shares, outstanding 53,253,805 and 53,759,976 shares	0.6	0.6
Additional paid-in capital	6.4	2.6
Retained earnings	4,155.7	3,779.5
Accumulated other comprehensive loss	(314.8)	(386.5)
Total Hubbell Incorporated Shareholders’ Equity	3,847.9	3,396.2
Noncontrolling interest	10.0	14.4
TOTAL EQUITY	3,857.9	3,410.6
TOTAL LIABILITIES AND EQUITY	$ 8,228.8	$ 6,847.7

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).