A summary of changes in total equity for the three months ended March 31, 2025 and the three months ended March 31, 2024 is provided below (in millions, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | Common Stock | Additional
Paid-in
Capital | Retained
Earnings | Accumulated
Other
Comprehensive
Income (Loss) | Total Hubbell
Shareholders'
Equity | Non-
controlling
interest | | BALANCE AT DECEMBER 31, 2024 | $ | 0.6 | | $ | 2.6 | | $ | 3,651.6 | | $ | (386.5) | | $ | 3,268.3 | | $ | 14.4 | | | Net income | — | | — | | 169.7 | | — | | 169.7 | | 1.3 | | | Other comprehensive (loss) income | — | | — | | — | | 19.5 | | 19.5 | | — | | | Stock-based compensation | — | | 14.4 | | — | | — | | 14.4 | | — | | Acquisition/surrender of common shares(1) | — | | (15.5) | | (122.7) | | — | | (138.2) | | — | | Cash dividends declared ($1.32 per share) | — | | — | | (70.8) | | — | | (70.8) | | — | | | Dividends to noncontrolling interest | — | | — | | — | | — | | — | | (4.9) | | | Directors deferred compensation | — | | (1.5) | | — | | — | | (1.5) | | — | | | BALANCE AT MARCH 31, 2025 | $ | 0.6 | | $ | — | | $ | 3,627.8 | | $ | (367.0) | | $ | 3,261.4 | | $ | 10.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | Common Stock | Additional
Paid-in
Capital | Retained
Earnings | Accumulated
Other
Comprehensive
Income (Loss) | Total Hubbell
Shareholders'
Equity | Non-
controlling
interest | | BALANCE AT DECEMBER 31, 2023 | $ | 0.6 | | $ | 6.1 | | $ | 3,182.7 | | $ | (312.4) | | $ | 2,877.0 | | $ | 12.3 | | | Net income | — | | — | | 147.8 | | — | | 147.8 | | 1.3 | | | Other comprehensive (loss) income | — | | — | | — | | (9.3) | | (9.3) | | — | | | Stock-based compensation | — | | 12.8 | | — | | — | | 12.8 | | — | | Acquisition/surrender of common shares(1) | — | | (17.6) | | (14.6) | | — | | (32.2) | | — | | Cash dividends declared ($1.22 per share) | — | | — | | (65.7) | | — | | (65.7) | | — | | | Dividends to noncontrolling interest | — | | — | | — | | — | | — | | (0.9) | | | Directors deferred compensation | — | | — | | — | | — | | — | | — | | | BALANCE AT MARCH 31, 2024 | $ | 0.6 | | $ | 1.3 | | $ | 3,250.2 | | $ | (321.7) | | $ | 2,930.4 | | $ | 12.7 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|