Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 378.6	$ 482.5
Short-term investments	16.1	15.4
Accounts receivable (net of allowances of $17.0 and $13.9)	1,150.9	856.9
Inventories, net	1,267.5	1,083.8
Other current assets	197.2	155.4
Total Current Assets	3,010.3	2,594.0
Property, Plant, and Equipment, net	902.4	841.2
Other Assets
Investments	103.7	98.4
Goodwill	4,354.1	3,060.8
Other intangible assets, net	3,189.9	1,394.3
Other long-term assets	285.8	240.1
TOTAL ASSETS	11,846.2	8,228.8
Current Liabilities
Short-term debt	568.7	289.1
Accounts payable	650.5	570.5
Accrued salaries, wages and employee benefits	117.1	115.4
Accrued insurance	84.9	83.0
Other accrued liabilities	449.3	450.7
Total Current Liabilities	1,870.5	1,508.7
Long-Term Debt	4,803.9	2,036.3
Deferred tax liabilities	816.0	420.1
Other Non-Current Liabilities	432.8	405.8
TOTAL LIABILITIES	7,923.2	4,370.9
Commitments and contingencies (Note 15)
Hubbell Incorporated Shareholders’ Equity	3,911.9	3,847.9
Noncontrolling interest	11.1	10.0
TOTAL EQUITY	3,923.0	3,857.9
TOTAL LIABILITIES AND EQUITY	$ 11,846.2	$ 8,228.8

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).