Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 334.5	$ 482.5
Short-term investments	20.5	15.4
Accounts receivable (net of allowances of $19.4 and $13.9)	1,228.8	856.9
Inventories, net	1,327.2	1,083.8
Other current assets	174.5	155.4
Total Current Assets	3,085.5	2,594.0
Property, Plant, and Equipment, net	913.2	841.2
Other Assets
Investments	100.5	98.4
Goodwill	4,368.2	3,060.8
Other intangible assets, net	3,143.4	1,394.3
Other long-term assets	287.5	240.1
TOTAL ASSETS	11,898.3	8,228.8
Current Liabilities
Short-term debt and current portion of long-term debt	613.8	289.1
Accounts payable	662.4	570.5
Accrued salaries, wages and employee benefits	161.2	115.4
Accrued insurance	83.4	83.0
Other accrued liabilities	497.8	450.7
Total Current Liabilities	2,018.6	1,508.7
Long-Term Debt	4,506.4	2,036.3
Deferred tax liabilities	819.1	420.1
Other Non-Current Liabilities	436.4	405.8
TOTAL LIABILITIES	7,780.5	4,370.9
Commitments and contingencies (Note 15)
Hubbell Incorporated Shareholders’ Equity	4,105.6	3,847.9
Noncontrolling interest	12.2	10.0
TOTAL EQUITY	4,117.8	3,857.9
TOTAL LIABILITIES AND EQUITY	$ 11,898.3	$ 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).