XML 87 R65.htm IDEA: XBRL DOCUMENT v3.25.4
Significant Accounting Policies - Schedule of Change in Accounting Principle (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Jan. 01, 2023
Consolidated Statement of Income                        
Net sales $ 1,492.7 $ 1,502.4 $ 1,484.3 $ 1,365.2 $ 1,334.3 $ 1,442.6 $ 1,452.5 $ 1,399.1 $ 5,844.6 $ 5,628.5 $ 5,372.9  
Cost of goods sold 967.6 958.1 932.2 922.6 882.1 936.6 938.7 965.5 3,780.5 3,722.9 3,495.9  
Operating Income                 1,208.8 1,093.1 1,027.4  
Income before income taxes                 1,119.1 1,006.8 972.2  
Provision for income taxes                 227.2 222.1 214.6  
Net income 225.2 256.7 245.5 164.5 199.4 227.8 219.1 138.4 891.9 784.7 757.6  
Less: Net income attributable to noncontrolling interest                 (4.8) (5.7) (6.2)  
Net income attributable to Hubbell Incorporated $ 224.2 $ 255.5 $ 244.2 $ 163.2 $ 198.2 $ 226.2 $ 217.5 $ 137.1 $ 887.1 $ 779.0 $ 751.4  
Earnings per share:                        
Basic earnings per share (USD per share) $ 4.21 $ 4.80 $ 4.58 $ 3.04 $ 3.69 $ 4.21 $ 4.04 $ 2.55 $ 16.63 $ 14.49 $ 13.98  
Diluted earnings per share (USD per share) $ 4.19 $ 4.77 $ 4.56 $ 3.03 $ 3.66 $ 4.18 $ 4.01 $ 2.53 $ 16.54 $ 14.39 $ 13.89  
Condensed Balance Sheet                        
Inventories, net $ 1,083.8       $ 1,010.4       $ 1,083.8 $ 1,010.4    
Total Current Assets 2,594.0       2,257.9       2,594.0 2,257.9    
TOTAL ASSETS 8,228.8       6,847.7       8,228.8 6,847.7 $ 7,081.1  
Other accrued liabilities 450.7       372.4       450.7 372.4    
Total Current Liabilities 1,508.7       1,274.2       1,508.7 1,274.2    
Other Non-Current Liabilities 825.9       720.2       825.9 720.2    
TOTAL LIABILITIES 4,370.9       3,437.1       4,370.9 3,437.1    
Hubbell Incorporated Shareholders' Equity 3,847.9       3,396.2       3,847.9 3,396.2    
TOTAL EQUITY 3,857.9       3,410.6       3,857.9 3,410.6    
TOTAL LIABILITIES AND EQUITY 8,228.8       6,847.7       8,228.8 6,847.7    
Condensed Statement of Cash Flows                        
Net income 225.2 $ 256.7 $ 245.5 $ 164.5 199.4 $ 227.8 $ 219.1 $ 138.4 891.9 784.7 757.6  
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:                        
Deferred income taxes                 11.0 2.0 (18.9)  
Changes in assets and liabilities, net of acquisitions:                        
(Increase) Decrease in inventories, net                 (32.3) (24.2) (31.0)  
Net cash provided by operating activities                 1,029.8 991.2 880.8  
As Computed Under LIFO                        
Consolidated Statement of Income                        
Net sales                 5,844.6 5,628.5 5,372.9  
Cost of goods sold                 3,843.2 3,724.4 3,484.8  
Operating Income                 1,146.1 1,091.6 1,038.5  
Income before income taxes                 1,056.4 1,005.3 983.3  
Provision for income taxes                 212.3 221.8 217.3  
Net income                 844.1 783.5 766.0  
Less: Net income attributable to noncontrolling interest                 (4.8) (5.7) (6.2)  
Net income attributable to Hubbell Incorporated                 $ 839.3 $ 777.8 $ 759.8  
Earnings per share:                        
Basic earnings per share (USD per share)                 $ 15.73 $ 14.46 $ 14.14  
Diluted earnings per share (USD per share)                 $ 15.65 $ 14.37 $ 14.05  
Condensed Balance Sheet                        
Inventories, net 852.5       841.8       $ 852.5 $ 841.8    
Total Current Assets 2,362.7       2,089.3       2,362.7 2,089.3    
TOTAL ASSETS 7,997.5       6,679.1       7,997.5 6,679.1    
Other accrued liabilities 422.6       372.4       422.6 372.4    
Total Current Liabilities 1,480.6       1,274.2       1,480.6 1,274.2    
Other Non-Current Liabilities 798.4       679.5       798.4 679.5    
TOTAL LIABILITIES 4,315.3       3,396.4       4,315.3 3,396.4    
Hubbell Incorporated Shareholders' Equity 3,672.2       3,268.3       3,672.2 3,268.3    
TOTAL EQUITY 3,682.2       3,282.7       3,682.2 3,282.7    
TOTAL LIABILITIES AND EQUITY 7,997.5       6,679.1       7,997.5 6,679.1    
Condensed Statement of Cash Flows                        
Net income                 844.1 783.5 $ 766.0  
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:                        
Deferred income taxes                   1.7 (16.2)  
Changes in assets and liabilities, net of acquisitions:                        
(Increase) Decrease in inventories, net                   (22.7) (42.1)  
Net cash provided by operating activities                   991.2 880.8  
Impact of Change                        
Consolidated Statement of Income                        
Net sales                 0.0 0.0 0.0  
Cost of goods sold                 (62.7) (1.5) 11.1  
Operating Income                 62.7 1.5 (11.1)  
Income before income taxes                 62.7 1.5 (11.1)  
Provision for income taxes                 14.9 0.3 (2.7)  
Net income                 47.8 1.2 (8.4)  
Less: Net income attributable to noncontrolling interest                 0.0 0.0 0.0  
Net income attributable to Hubbell Incorporated                 $ 47.8 $ 1.2 $ (8.4)  
Earnings per share:                        
Basic earnings per share (USD per share)                 $ 0.90 $ 0.03 $ (0.16)  
Diluted earnings per share (USD per share)                 $ 0.89 $ 0.02 $ (0.16)  
Condensed Balance Sheet                        
Inventories, net 231.3       168.6       $ 231.3 $ 168.6   $ 178.2
Total Current Assets 231.3       168.6       231.3 168.6    
TOTAL ASSETS 231.3       168.6       231.3 168.6    
Other accrued liabilities 28.1       0.0       28.1 0.0    
Total Current Liabilities 28.1       0.0       28.1 0.0    
Other Non-Current Liabilities 27.5       40.7       27.5 40.7    
TOTAL LIABILITIES 55.6       40.7       55.6 40.7    
Hubbell Incorporated Shareholders' Equity 175.7       127.9       175.7 127.9    
TOTAL EQUITY 175.7       127.9       175.7 127.9    
TOTAL LIABILITIES AND EQUITY $ 231.3       $ 168.6       231.3 168.6    
Condensed Statement of Cash Flows                        
Net income                 $ 47.8 1.2 $ (8.4)  
Adjustments to reconcile net income to net cash provided by operating activities, net of acquisitions:                        
Deferred income taxes                   0.3 (2.7)  
Changes in assets and liabilities, net of acquisitions:                        
(Increase) Decrease in inventories, net                   (1.5) 11.1  
Net cash provided by operating activities                   $ 0.0 $ 0.0