Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 346.9	$ 329.1
Short-term investments	13.4	15.9
Accounts receivable (net of allowances of $12.1 and $11.3)	902.0	756.0
Inventories, net	848.7	841.8
Other current assets	150.8	146.5
Total Current Assets	2,261.8	2,089.3
Property, Plant, and Equipment, net	734.4	726.6
Other Assets
Investments	86.9	84.9
Goodwill	2,548.8	2,500.8
Other intangible assets, net	1,090.8	1,080.0
Other long-term assets	199.4	197.5
TOTAL ASSETS	6,922.1	6,679.1
Current Liabilities
Short-term debt and current portion of long-term debt	816.1	125.4
Accounts payable	545.8	541.7
Accrued salaries, wages and employee benefits	71.2	145.7
Accrued insurance	83.9	89.0
Other accrued liabilities	421.3	372.4
Total Current Liabilities	1,938.3	1,274.2
Long-Term Debt	1,044.0	1,442.7
Other Non-Current Liabilities	667.6	679.5
TOTAL LIABILITIES	3,649.9	3,396.4
Commitments and contingencies (Note 15)
Hubbell Incorporated Shareholders’ Equity	3,261.4	3,268.3
Noncontrolling interest	10.8	14.4
TOTAL EQUITY	3,272.2	3,282.7
TOTAL LIABILITIES AND EQUITY	$ 6,922.1	$ 6,679.1

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).