Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2014	Jun. 30, 2014	Feb. 11, 2015 Class A Common Stock	Feb. 11, 2015 Class B Common Stock
Class of Stock [Line Items]
Entity Registrant Name	HUBBELL INCORPORATED
Entity Central Index Key	0000048898
Document Period End Date	Dec. 31, 2014
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock Shares Outstanding			7,167,506	51,339,048
Entity Well Known Seasoned Issuer	Yes
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Public Float		$ 7,152,795,896

Consolidated Statement of Income (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Statement [Abstract]
Net sales	$ 3,359.4	$ 3,183.9	$ 3,044.4
Cost of goods sold	2,250.4	2,113.4	2,032.2
Gross profit	1,109.0	1,070.5	1,012.2
Selling & administrative expenses	591.6	562.9	540.4
Operating income	517.4	507.6	471.8
Interest expense	(31.2)	(30.8)	(30.8)
Investment income	1.1	1.3	1.8
Other expense, net	(1.8)	(4.3)	(1.0)
Total other expense	(31.9)	(33.8)	(30.0)
Income before income taxes	485.5	473.8	441.8
Provision for income taxes	158.3	144.0	139.7
Net income	327.2	329.8	302.1
Less: Net income attributable to noncontrolling interest	1.9	3.3	2.4
NET INCOME ATTRIBUTABLE TO HUBBELL	$ 325.3	$ 326.5	$ 299.7
Earnings per share
Basic (USD per share)	$ 5.51	$ 5.51	$ 5.05
Diluted (USD per share)	$ 5.48	$ 5.47	$ 5.00

Consolidated Statement of Comprehensive Income (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Net income	$ 327.2	$ 329.8	$ 302.1
Other comprehensive (loss) income:
Foreign currency translation adjustments	(35.7)	(15.0)	8.3
Pension and post retirement benefit plans’ service costs and net actuarial (losses) gains, net of taxes of $33.9, $(38.7) and $(14.2)	(57.7)	63.1	23.6
Unrealized loss on investments, net of taxes of $0.0, $0.2 and $0.1	(0.1)	(0.3)	(0.3)
Unrealized gains (losses) on cash flow hedges, net of taxes of $(0.1), $(0.1) and $0.2	0.2	0.3	(0.3)
Other comprehensive (loss) income	(93.3)	48.1	31.3
Comprehensive income	233.9	377.9	333.4
Less: Comprehensive income attributable to noncontrolling interest	1.9	3.3	2.4
COMPREHENSIVE INCOME ATTRIBUTABLE TO HUBBELL	$ 232.0	$ 374.6	$ 331.0

Consolidated Statement of Comprehensive Income (Parenthetical) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent, Parenthetical Disclosures [Abstract]
Adjustment to pension and other benefit plans tax impact	$ 33.9	$ (38.7)	$ (14.2)
Unrealized gain or loss on investment tax impact	0	0.2	0.1
Unrealized gain or loss on cash flow hedge tax impact	$ (0.1)	$ (0.1)	$ 0.2

Consolidated Balance Sheet (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Current Assets
Cash and cash equivalents	$ 653.9	$ 740.7
Short-term investments	7.8	10.1
Accounts receivable, net	469.8	440.9
Inventories, net	441.8	385.7
Deferred taxes and other	56.1	55.0
Total Current Assets	1,629.4	1,632.4
Property, Plant, and Equipment, net	401.2	377.1
Other Assets
Investments	44.1	35.8
Goodwill	874.7	800.4
Intangible assets, net	322.8	286.6
Other long-term assets	50.6	54.9
TOTAL ASSETS	3,322.8	3,187.2
Current Liabilities
Short-term debt	1.4	0.3
Accounts payable	244.0	225.9
Accrued salaries, wages and employee benefits	76.0	74.7
Accrued insurance	47.8	41.8
Other accrued liabilities	130.0	124.3
Total Current Liabilities	499.2	467.0
Long-term Debt	597.6	597.2
Other Non-Current Liabilities	290.3	208.2
TOTAL LIABILITIES	1,387.1	1,272.4
Commitments and Contingencies (see Note 15)
Class of Stock [Line Items]
Additional paid-in capital	146.7	236.6
Retained earnings	1,944.1	1,740.2
Accumulated other comprehensive loss	(164.3)	(71.0)
Total Hubbell Shareholders’ Equity	1,927.1	1,906.4
Noncontrolling interest	8.6	8.4
Total Equity	1,935.7	1,914.8
TOTAL LIABILITIES AND EQUITY	3,322.8	3,187.2
Class A Common Stock
Class of Stock [Line Items]
Common Stock, par value $.01	0.1	0.1
Class B Common Stock
Class of Stock [Line Items]
Common Stock, par value $.01	$ 0.5	$ 0.5

Consolidated Balance Sheet (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Class of Stock [Line Items]
Common stock, par value (USD per share)	$ 0.01	$ 0.01
Class A Common Stock
Class of Stock [Line Items]
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares outstanding	7,167,506	7,167,506
Class B Common Stock
Class of Stock [Line Items]
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares outstanding	51,328,974	52,005,492

Consolidated Statement of Cash Flows (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash Flows from Operating Activities
Net income	$ 327.2	$ 329.8	$ 302.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	79.2	70.6	66.8
Deferred income taxes	30.3	13.3	27.5
Stock-based compensation	16.4	14.3	15.8
Tax benefit on stock-based awards	(9.2)	(8.4)	(15.6)
(Gain) loss on sale of assets	(1.3)	0.2	0.4
Changes in assets and liabilities, net of acquisitions:
Increase in accounts receivable	(17.8)	(30.9)	(1.8)
Increase in inventories	(46.9)	(25.9)	(11.8)
Increase (decrease) in current liabilities	20.0	1.7	(31.7)
Changes in other assets and liabilities, net	15.4	15.8	20.7
Contributions to qualified defined benefit pension plans	(23.5)	(3.2)	(22.6)
Other, net	1.7	4.5	(0.7)
NET CASH PROVIDED BY OPERATING ACTIVITIES	391.5	381.8	349.1
Cash Flows from Investing Activities
Capital expenditures	(60.3)	(58.8)	(49.1)
Acquisitions, net of cash acquired	(183.8)	(96.5)	(90.7)
Receipt of escrow funds from acquisition	0	0	6.8
Purchases of available-for-sale investments	(17.6)	(11.1)	(9.5)
Proceeds from sales of available-for-sale investments	12.1	10.5	19.4
Proceeds from disposition of assets	6.0	3.4	4.8
Other, net	1.0	1.4	2.2
NET CASH USED IN INVESTING ACTIVITIES	(242.6)	(151.1)	(116.1)
Cash Flows from Financing Activities
Issuance of short-term debt	2.0	0.4	0.2
Payment of short-term debt	(0.8)	(0.1)	(3.1)
Payment of dividends	(121.2)	(109.5)	(122.3)
Payment of dividends to noncontrolling interest	(1.7)	(1.5)	(1.3)
Proceeds from exercise of stock options	2.4	2.4	24.8
Tax benefit on stock-based awards	9.2	8.4	15.6
Acquisition of common shares	(105.5)	(31.0)	(75.6)
NET CASH USED IN FINANCING ACTIVITIES	(215.6)	(130.9)	(161.7)
Effect of foreign currency exchange rate changes on cash and cash equivalents	(20.1)	(4.1)	4.1
Increase in cash and cash equivalents	(86.8)	95.7	75.4
Cash and cash equivalents, beginning of year	740.7	645.0	569.6
Cash and cash equivalents, end of year	$ 653.9	$ 740.7	$ 645.0

Consolidated Statement of Changes in Equity (USD $) In Millions, unless otherwise specified	Total	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total Hubbell Shareholders' Equity	Non- controlling interest
Equity, beginning of period at Dec. 31, 2011		$ 0.1	$ 0.5	$ 294.2	$ 1,323.4	$ (150.4)	$ 1,467.8	$ 5.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	302.1				299.7		299.7	2.4
Other comprehensive (loss) income	31.3					31.3	31.3
Stock-based compensation				15.4			15.4
Exercise of stock options				24.8			24.8
Income tax windfall from stock-based awards, net				15.1			15.1
Acquisition/surrender of common shares				(93.1)			(93.1)
Cash dividends declared					(99.8)		(99.8)
Dividends to noncontrolling interest								(1.4)
Equity, end of period at Dec. 31, 2012		0.1	0.5	256.4	1,523.3	(119.1)	1,661.2	6.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	329.8				326.5		326.5	3.3
Other comprehensive (loss) income	48.1					48.1	48.1
Stock-based compensation				13.5			13.5
Exercise of stock options				2.4			2.4
Income tax windfall from stock-based awards, net				8.4			8.4
Acquisition/surrender of common shares				(44.1)			(44.1)
Cash dividends declared					(109.6)		(109.6)
Dividends to noncontrolling interest								(1.6)
Equity, end of period at Dec. 31, 2013	1,914.8	0.1	0.5	236.6	1,740.2	(71.0)	1,906.4	8.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	327.2				325.3		325.3	1.9
Other comprehensive (loss) income	(93.3)					(93.3)	(93.3)
Stock-based compensation				15.8			15.8
Exercise of stock options				2.4			2.4
Income tax windfall from stock-based awards, net				9.2			9.2
Acquisition/surrender of common shares				(117.3)			(117.3)
Cash dividends declared					(121.4)		(121.4)
Dividends to noncontrolling interest								(1.7)
Equity, end of period at Dec. 31, 2014	$ 1,935.7	$ 0.1	$ 0.5	$ 146.7	$ 1,944.1	$ (164.3)	$ 1,927.1	$ 8.6

Significant Accounting Policies

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Significant Accounting Policies

Basis of Presentation

The accompanying consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

Principles of Consolidation

The Consolidated Financial Statements include all wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated. The Company participates in two joint ventures, one of which is accounted for using the equity method, the other has been consolidated in accordance with the consolidation accounting guidance. An analysis is performed to determine which reporting entity, if any, has a controlling financial interest in a variable interest entity (“VIE”) with a primarily qualitative analysis. The qualitative analysis is based on identifying the party that has both the power to direct the activities that most significantly impact the VIE’s economic performance (the “power criterion”) and the obligation to absorb losses from or the right to receive benefits of the VIE that could potentially be significant to the VIE (the “losses/benefit criterion”). The party that meets both these criteria is deemed to have a controlling financial interest. The party with the controlling financial interest is considered to be the primary beneficiary and as a result is required to consolidate the VIE. The Company has a 50% interest in a joint venture in Hong Kong, established as Hubbell Asia Limited (“HAL”). The principal objective of HAL is to manage the operations of its wholly-owned manufacturing company in China. Under the accounting guidance, the Company is the primary beneficiary of HAL and as a result consolidates HAL. This determination is based on the fact that HAL’s sole business purpose is to manufacture product exclusively for the Company (the power criterion) and the Company is financially responsible for ensuring HAL maintains a fixed operating margin (the losses/benefit criterion). The consolidation of HAL is not material to the Company’s consolidated financial statements.

Use of Estimates

The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts in the Consolidated Financial Statements and accompanying Notes to Consolidated Financial Statements. Actual results could differ from the estimates that are used.

Revenue Recognition

The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the price is fixed and determinable and collection is probable. Product is considered delivered to the customer once it has been shipped and title and risk of loss have been transferred. The majority of the Company’s revenue is recognized at the time of shipment. The Company recognizes less than one percent of total annual consolidated net revenue from post shipment obligations and service contracts, primarily within the Electrical segment. Revenue is recognized under these contracts when the service is completed and all conditions of sale have been met. In addition, within the Electrical segment, certain businesses sell large and complex equipment which requires construction and assembly and occasionally has long lead times. It is customary in these businesses to require a portion of the selling price to be paid in advance of construction. These payments are treated as deferred revenue and are classified in Other accrued liabilities in the Consolidated Balance Sheet. Once the equipment is shipped to the customer and meets the revenue recognition criteria, the deferred revenue is recognized in the Consolidated Statement of Income.

Further, certain of our businesses provide for sales discounts and allowances based on sales volumes, specific programs and customer deductions, as is customary in the electrical products industry. These items primarily relate to sales volume incentives, special pricing allowances, and returned goods. Sales volume incentives represent rebates with specific sales volume targets for specific customers. Certain distributors qualify for price rebates by subsequently reselling the Company’s products into select channels of end users. Following a distributor’s sale of an eligible product, the distributor submits a claim for a price rebate. Customers also have a right to return goods under certain circumstances which are reasonably estimable by affected businesses. Customer returns have historically ranged from 1%-3% of gross sales. These arrangements require us to estimate at the time of sale the amounts that should not be recorded as revenue as these amounts are not expected to be collected from customers. The Company principally relies on historical experience, specific customer agreements and anticipated future trends to estimate these amounts at the time of shipment.

Shipping and Handling Fees and Costs

The Company records shipping and handling costs as part of Cost of goods sold in the Consolidated Statement of Income. Any amounts billed to customers for reimbursement of shipping and handling are included in Net sales in the Consolidated Statement of Income.

Foreign Currency Translation

The assets and liabilities of international subsidiaries are translated to U.S. dollars at exchange rates in effect at the end of the year, and income and expense items are translated at average exchange rates in effect during the year. The effects of exchange rate fluctuations on the translated amounts of foreign currency assets and liabilities are included as translation adjustments in Accumulated other comprehensive loss within Hubbell shareholders’ equity. Gains and losses from foreign currency transactions are included in results of operations.

Cash and Cash Equivalents

The carrying value of cash equivalents approximates fair value. Cash equivalents consist of highly liquid investments with original maturities to the company of three months or less.

Investments

Investments in debt and equity securities are classified by individual security as available-for-sale, held-to-maturity or trading investments. Our available-for-sale investments, consisting of municipal bonds, are carried on the balance sheet at fair value with current period adjustments to carrying value recorded in Accumulated other comprehensive loss within Hubbell shareholders’ equity, net of tax. Realized gains and losses are recorded in income in the period of sale. The Company’s trading investments are carried on the balance sheet at fair value and consist primarily of debt and equity mutual funds. Gains and losses associated with these trading investments are reflected in the results of operations. The Company did not have any investments classified as held-to-maturity as of December 31, 2014 and 2013.

Accounts Receivable and Allowances

Trade accounts receivable are recorded at the invoiced amount and generally do not bear interest. The allowance for doubtful accounts is based on an estimated amount of probable credit losses in existing accounts receivable. The allowance is calculated based upon a combination of historical write-off experience, fixed percentages applied to aging categories and specific identification based upon a review of past due balances and problem accounts. Account balances are charged off against the allowance when it is determined that internal collection efforts should no longer be pursued. The Company also maintains a reserve for credit memos, cash discounts and product returns which are principally calculated based upon historical experience, specific customer agreements, as well as anticipated future trends.

Inventories

Inventories are stated at the lower of cost or market value. Approximately 74% of total net inventory value is determined utilizing the last-in, first-out (LIFO) method of inventory accounting. The cost of foreign inventories and certain domestic inventories is determined utilizing average cost or first-in, first-out (FIFO) methods of inventory accounting. Reserves for excess and obsolete inventory are provided based on current assessments about future demand compared to on-hand quantities.

Property, Plant, and Equipment

Property, plant, and equipment values are stated at cost less accumulated depreciation. Maintenance and repair expenditures that do not significantly increase the life of an asset are charged to expense when incurred. Property, plant, and equipment placed in service prior to January 1, 1999 are depreciated over their estimated useful lives, principally using accelerated methods. Assets placed in service subsequent to January 1, 1999 are depreciated over their estimated useful lives, using straight-line methods. Leasehold improvements are amortized over the shorter of their economic lives or the lease term. Gains and losses arising on the disposal of property, plant and equipment are included in Operating income in the Consolidated Statement of Income.

Capitalized Computer Software Costs

Capitalized computer software costs, net of amortization, were $12.7 million and $10.9 million at December 31, 2014 and 2013, respectively. This balance is reflected in Other long-term assets in the Consolidated Balance Sheet. Capitalized computer software is for internal use and costs primarily consist of purchased materials and services. Software is amortized on a straight-line basis over appropriate periods, generally five years. The Company recorded amortization expense of $4.3 million in both 2014 and 2013, and $3.5 million in 2012 relating to capitalized computer software.

Goodwill and Other Intangible Assets

Goodwill represents purchase price in excess of fair values of the underlying net assets of acquired companies. Indefinite-lived intangible assets and goodwill are subject to annual impairment testing using the specific guidance and criteria described in the accounting guidance. The Company performs its goodwill impairment testing as of April 1st of each year, unless circumstances dictate the need for more frequent assessments. The accounting guidance provides entities an option of performing a qualitative assessment before performing a quantitative analysis. If the entity determines, on the basis of certain qualitative factors, that it is more-likely-than-not that the goodwill is not impaired, the entity would not need to proceed to the two step goodwill impairment testing process as prescribed in the guidance. The Company elected to bypass the qualitative assessment and proceeded directly to the quantitative analysis. Step 1 compares the fair value of the Company’s reporting units to their carrying values. If the fair value of the reporting unit exceeds its carrying value, no further analysis is necessary. If the carrying value of the reporting unit exceeds its fair value, Step 2 must be completed to quantify the amount of impairment.

Goodwill impairment testing requires judgment, including the identification of reporting units, assigning assets and liabilities to reporting units and determining the fair value of each reporting unit. Significant judgments required to estimate the fair value of reporting units include estimating future cash flows, determining appropriate discount rates and other assumptions. The Company uses internal discounted cash flow estimates to determine fair value. These cash flow estimates are derived from historical experience and future long-term business plans and the application of an appropriate discount rate. Changes in these estimates and assumptions could materially affect the determination of fair value and/or goodwill impairment for each reporting unit. The Company’s estimated aggregate fair value of its reporting units are reasonable when compared to the Company’s market capitalization on the valuation date.

As of April 1, 2014, the impairment testing resulted in implied fair values for each reporting unit that exceeded the reporting unit’s carrying value, including goodwill. The Company did not have any reporting units at risk of failing Step 1 of the impairment test as the excess of the estimated fair value over carrying value (expressed as a percentage of carrying value) ranged from approximately 100% to approximately 400% for the respective reporting units. Additionally, the Company did not have any reporting units with zero or negative carrying amounts. The Company has not recorded any goodwill impairments since the initial adoption of the accounting guidance in 2002.

The Company’s intangible assets consist primarily of patents, tradenames and customer relationships. Intangible assets with definite lives are being amortized over periods generally ranging from 5-30 years. These definite lived intangibles are tested for impairment whenever events or circumstances indicate that the carrying amount of an asset (asset group) may not be recoverable. An impairment loss is recognized when the carrying amount of an asset exceeds the estimated undiscounted cash flows used in determining the fair value of the asset. The Company did not record any impairments related to its definite lived intangible assets in 2014, 2013 or 2012. The Company also has some tradenames that are considered to be indefinite-lived intangible assets. These indefinite-lived are not amortized and are tested for impairment annually, unless circumstances dictate the need for more frequent assessment.

The accounting guidance related to testing indefinite-lived intangible assets for impairment provides entities an option of performing a qualitative assessment before calculating the fair value of the asset. If the entity determines, on the basis of certain qualitative factors, that it is more-likely-than-not that the asset is not impaired, the entity would not need to calculate the fair value of the asset. The Company performed the qualitative assessment, which resulted in no impairment in 2014, 2013 or 2012 .

Other Long-Lived Assets

The Company reviews depreciable long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. If such a change in circumstances occurs, the related estimated future undiscounted cash flows expected to result from the use of the asset group and its eventual disposition is compared to the carrying amount. If the sum of the expected cash flows is less than the carrying amount, an impairment charge is recorded. The impairment charge is measured as the amount by which the carrying amount exceeds the fair value of the asset. The fair value of impaired assets is determined using expected cash flow estimates, quoted market prices when available and appraisals as appropriate. The Company did not record any material impairment charges in 2014, 2013 or 2012.

Accrued Insurance

The Company retains a significant portion of the risks associated with workers’ compensation, medical, automobile and general liability insurance. The Company estimates self-insurance liabilities using a number of factors, including historical claims experience, demographic factors, severity factors and other actuarial assumptions. The accrued liabilities associated with these programs are based on the Company’s estimate of the ultimate costs to settle known claims as well as claims incurred but not reported as of the balance sheet date. The Company periodically reviews the assumptions with a third party actuary to determine the adequacy of these self-insurance reserves.

Income Taxes

The Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. The IRS and other tax authorities routinely review the Company’s tax returns. These audits can involve complex issues which may require an extended period of time to resolve. The Company makes adequate provisions for best estimates of exposures on previously filed tax returns. Deferred income taxes are recognized for the tax consequence of differences between financial statement carrying amounts and the tax basis of assets and liabilities by applying the currently enacted statutory tax rates in accordance with the accounting guidance for income taxes. The effect of a change in statutory tax rates is recognized in the period that includes the enactment date. Additionally, deferred tax assets are required to be reduced by a valuation allowance if it is more-likely-than-not that some portion or all of the deferred tax asset will not be realized. The Company uses factors to assess the likelihood of realization of deferred tax assets such as the forecast of future taxable income and available tax planning strategies that could be implemented to realize the deferred tax assets.

In addition, the accounting guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of the tax position taken or expected to be taken in a tax return. For any amount of benefit to be recognized, it must be determined that it is more-likely-than-not that a tax position will be sustained upon examination by taxing authorities based on the technical merits of the position. The amount of benefit to be recognized is based on the Company’s assertion of the most likely outcome resulting from an examination, including resolution of any related appeals or litigation processes. Companies are required to reflect only those tax positions that are more-likely-than-not to be sustained. See also Note 12 — Income Taxes.

Research and Development

Research and development expenditures represent costs to discover and/or apply new knowledge in developing a new product, process, or in bringing about a significant improvement to an existing product or process. Research and development expenses are recorded as a component of Cost of goods sold. Expenses for research and development were approximately 2% of Cost of goods sold for each of the years 2014, 2013 or 2012.

Retirement Benefits

The Company maintains various defined benefit pension plans for some of its U.S. and foreign employees. The accounting guidance for retirement benefits requires the Company to recognize the funded status of its defined benefit pension and postretirement plans as an asset or liability in the Consolidated Balance Sheet. Gains or losses, prior service costs or credits, and transition assets or obligations that have not yet been included in net periodic benefit cost as of the end of the year are recognized as components of Accumulated other comprehensive loss, net of tax, within Hubbell shareholders’ equity. The Company’s policy is to fund pension costs within the ranges prescribed by applicable regulations. In addition to providing defined benefit pension benefits, the Company provides health care and life insurance benefits for some of its active and retired employees. The Company’s policy is to fund these benefits through insurance premiums or as actual expenditures are made. See also Note 10 — Retirement Benefits.

Earnings Per Share

The earnings per share accounting guidance requires use of the two-class method in determining earnings per share. The two-class method is an earnings allocation formula that determines earnings per share for common stock and participating securities. Restricted stock granted by the Company is considered a participating security since it contains a non-forfeitable right to dividends. Basic earnings per share is calculated as net income available to common shareholders divided by the weighted average number of shares of common stock outstanding. Earnings per diluted share is calculated as net income available to common shareholders divided by the weighted average number of shares outstanding of common stock plus the incremental shares outstanding assuming the exercise of dilutive stock options, stock appreciation rights and performance shares. See also Note 18 — Earnings Per Share.

Stock-Based Compensation

The Company recognizes the grant-date fair value of all stock-based awards on a straight-line basis over their respective requisite service periods (generally equal to an award’s vesting period), except for certain restricted stock awards granted in 2013 with a performance condition, which are expensed using the graded vesting attribution method. A stock-based award is considered vested for expense attribution purposes when the retention of the award is no longer contingent on providing subsequent service. Accordingly, the Company recognizes compensation cost immediately for awards granted to retirement-eligible individuals or over the period from the grant date to the date retirement eligibility is achieved, if less than the stated vesting period. The expense is recorded in Cost of goods sold and S&A expense in the Consolidated Statement of Income based on the recipients’ respective functions within the organization.

The Company records deferred tax assets for awards that will result in deductions on its tax returns, based upon the amount of compensation cost recognized and the statutory tax rate in the jurisdiction in which it will receive a deduction. Differences between the deferred tax assets recognized for financial reporting purposes and the actual tax deduction reported in the Company’s tax return are recorded to Additional paid-in capital to the extent that previously recognized credits to paid-in capital are still available. See also Note 17 — Stock-Based Compensation.

Derivatives

In order to limit financial risk in the management of its assets, liabilities and debt, the Company may use derivative financial instruments such as foreign currency hedges, commodity hedges, interest rate hedges and interest rate swaps. All derivative financial instruments are matched with an existing Company asset, liability or proposed transaction. The Company does not speculate or use leverage when trading a derivative product. Market value gains or losses on the derivative financial instrument are recognized in income when the effects of the related price changes of the underlying asset or liability are recognized in income. See Note 14 – Fair Value Measurement for more information regarding our derivative instruments.

Recent Accounting Pronouncements

In January 2015, the Financial Accounting Standards Board ("FASB") issued new guidance to eliminate the concept of extraordinary items as part of its initiative to reduce complexity in accounting standards. The guidance is effective for annual and interim periods beginning after December 2015 and may be applied prospectively or retrospectively. The Company does not expect adoption of this standard will have a material impact on its financial statements.

In November 2014, the FASB issued new guidance to clarify how current GAAP should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. The guidance is effective for annual and interim periods beginning after December 15, 2015, with early adoption permitted. The Company does not expect adoption of this standard will have a material impact on its financial statements.

In August 2014, the FASB issued new guidance requiring an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern and if those conditions exist, the required disclosures. The guidance is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. The Company does not expect adoption of this standard will have a material impact on its financial statements.

In June 2014, the FASB issued new guidance to resolve diverse accounting treatment for share based awards in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. The guidance is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015 and may be applied prospectively or retrospectively. The Company does not expect adoption of this standard will have a material impact on its financial statements.

In May 2014, the FASB issued new revenue recognition guidance that supersedes the existing revenue recognition guidance and most industry-specific guidance applicable to revenue recognition. According to the new guidance an entity will apply a principles-based five step model to recognize revenue upon the transfer of promised goods or services to customers and in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. The guidance is effective for annual periods beginning after December 15, 2016, including interim periods within that reporting period and early application is not permitted. The Company is currently assessing the impact of adopting this standard on its financial statements.

In April 2014, the FASB issued new guidance changing the criteria for determining which disposals of components of an entity can be presented as discontinued operations and modifying the related disclosure requirements. The guidance applies prospectively to new disposals and new classifications of assets as held for sale after the effective date and is effective for annual and interim periods beginning after December 15, 2014, with early adoption permitted. The Company does not expect adoption of this standard will have a material impact on its financial statements.

In July 2013, the FASB amended its guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carry-forward, similar tax loss, or a tax credit carry-forward exists. This amendment was adopted by the Company effective January 1, 2014 and did not have a material impact on its financial statements.

Business Acquisitions

12 Months Ended

Dec. 31, 2014

Business Combinations [Abstract]

Business Acquisitions

The Company periodically reviews acquisition targets that it believes will be a complementary strategic fit to its existing product portfolio. During 2014, the Company completed seven acquisitions with an aggregate purchase price of $183.8 million, net of cash acquired.

During the fourth quarter of 2014, the Company purchased all of the outstanding common stock of RFL Electronics ("RFL"). RFL is a leading North American designer and manufacturer of protection and communication products as well as customized systems primarily for the electric utility industry. RFL was purchased for $20.0 million, net of cash received, and has been added to the Power segment, resulting in the recognition of intangible assets of $5.3 million and goodwill of $7.3 million. The $5.3 million of intangible assets consists primarily of tradenames and customer relationships that will be amortized over a weighted average period of approximately 15 years. None of the $7.3 million of goodwill associated with the RFL acquisition is expected to be deductible for tax purposes.

During the third quarter of 2014, the Company purchased all of the membership interests of RigPower, LLC (“RigPower”), a manufacturer of high amperage electrical connectors used primarily in the oil and gas industry. RigPower was purchased for $15.2 million, net of cash received, and has been added to the Electrical segment, resulting in the recognition of intangible assets of $3.5 million and goodwill of $9.0 million. The $3.5 million of intangible assets consists primarily of customer relationships and noncompete agreements that will be amortized over a weighted average period of approximately 10 years. All of the goodwill associated with the RigPower acquisition is expected to be deductible for tax purposes.

During the second quarter of 2014, the Company purchased all of the outstanding common stock of Reuel, Inc. (“Reuel”), an industry leader in the manufacture of durable and weather resistant epoxy molded electrical products. Reuel was purchased for $11.5 million, net of cash received, and has been added to the Power segment, resulting in the recognition of intangible assets of $5.7 million and goodwill of $3.4 million. The $5.7 million of intangible assets consists primarily of customer relationships and tradenames that will be amortized over a weighted average period of approximately 12 years. None of the goodwill associated with the Reuel acquisition is expected to be deductible for tax purposes.

During the second quarter of 2014, the Company purchased all of the outstanding common stock of Litecontrol Corporation (“Litecontrol”), a manufacturer of linear architectural lighting products with significant custom capabilities. Litecontrol was purchased for $45.3 million, net of cash received, and has been added to the Electrical segment, resulting in the recognition of intangible assets of $16.7 million and goodwill of $12.0 million. The $16.7 million of intangible assets consists primarily of customer relationships and tradenames that will be amortized over a weighted average period of approximately 12 years. All of the goodwill associated with the Litecontrol acquisition is expected to be deductible for tax purposes.

During the first quarter of 2014, the Company purchased all of the outstanding common stock of Powerohm Resistors, Inc. (“Powerohm”), which manufactures and sells power and braking resistors. Powerohm was purchased for $51.1 million, net of cash received, and has been added to the Electrical segment, resulting in the recognition of intangible assets of $22.3 million and goodwill of $32.5 million. The $22.3 million of intangible assets consists primarily of customer relationships and tradenames that will be amortized over a weighted average period of approximately 19 years. None of the goodwill associated with the Powerohm acquisition is expected to be deductible for tax purposes.

During the first quarter of 2014, the Company purchased all of the outstanding common stock of PenCell Plastics, Inc. and all of the membership interests of English Road Holdings, LLC, collectively referred to as “PenCell”, for $32.4 million, resulting in the recognition of intangible assets of $5.2 million and goodwill of $13.8 million. PenCell manufactures and sells plastic enclosure boxes and has been added to the Power segment. The $5.2 million of intangible assets consists primarily of customer relationships and tradenames that will be amortized over a weighted average period of approximately 22 years. All of the goodwill associated with the PenCell acquisition is expected to be deductible for tax purposes.

During the first quarter of 2014, the Company purchased all of the outstanding common stock of Fiber and Cable Accessories, Inc. (“FCA”), a manufacturer of aerial slack storage devices for outside plant optical networks. FCA was purchased for $8.3 million and has been added to the Power segment, resulting in the recognition of intangible assets of $4.3 million and goodwill of $2.9 million. The $4.3 million of intangible assets consists primarily of customer relationships and tradenames that will be amortized over a weighted average period of approximately 19 years. All of the goodwill associated with the FCA acquisition is expected to be deductible for tax purposes.

All of these business acquisitions have been accounted for as business combinations and have resulted in the recognition of goodwill. The goodwill relates to a number of factors built into the purchase price, including the future earnings and cash flow potential of the businesses as well as the complementary strategic fit and resulting synergies they bring to the Company’s existing operations.

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of acquisition related to these transactions (in millions):



Tangible assets acquired	$	71.3
Intangible assets	63.0
Goodwill	80.9
Deferred tax liabilities	(11.4		)
Liabilities assumed	(20.0		)
TOTAL CASH CONSIDERATION	$	183.8

The Consolidated Financial Statements include the results of operations of the acquired businesses from their respective dates of acquisition. Net sales and earnings related to these acquisitions for the year ended December 31, 2014 were not significant to the consolidated results. Pro forma information related to these acquisitions has not been included because the impact to the Company’s consolidated results of operations was not material.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

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+ Details

Recievables and Allowances

12 Months Ended

Dec. 31, 2014

Accounts, Notes, Loans and Financing Receivable, Net, Current [Abstract]

Receivables and Allowances

Receivables consist of the following components at December 31, (in millions):



	2014			2013
Trade accounts receivable	$	494.0		$	461.1
Non-trade receivables	15.9			13.5
Accounts receivable, gross	509.9			474.6
Allowance for credit memos, returns and cash discounts	(36.7		)	(31.6		)
Allowance for doubtful accounts	(3.4		)	(2.1		)
Total allowances	(40.1		)	(33.7		)
ACCOUNTS RECEIVABLE, NET	$	469.8		$	440.9

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References+ Details

Inventories

12 Months Ended

Dec. 31, 2014

Inventory Disclosure [Abstract]

Inventories

Inventories are classified as follows at December 31, (in millions):



	2014			2013
Raw material	$	153.8		$	122.3
Work-in-process	94.8			87.2
Finished goods	277.6			259.4
	526.2			468.9
Excess of FIFO over LIFO cost basis	(84.4		)	(83.2		)
INVENTORIES, NET	$	441.8		$	385.7

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Other Intangible Assets

Goodwill and Other Intangible Assets

Changes in the carrying amounts of goodwill for the years ended December 31, 2014 and 2013, by segment, were as follows (in millions):



	Segment
	Electrical			Power			Total
BALANCE AT DECEMBER 31, 2012	$	474.6		$	280.9		$	755.5
Current year acquisitions	49.6			—			49.6
Foreign currency translation and prior year acquisitions	(3.3		)	(1.4		)	(4.7		)
BALANCE AT DECEMBER 31, 2013	$	520.9		$	279.5		$	800.4
Current year acquisitions	53.5			27.4			80.9
Foreign currency translation and prior year acquisitions	(5.5		)	(1.1		)	(6.6		)
BALANCE AT DECEMBER 31, 2014	$	568.9		$	305.8		$	874.7

In 2014, the Company completed seven acquisitions for an aggregate purchase price of $183.8 million, net of cash received. These acquisitions have been accounted for as business combinations and have resulted in the recognition of $80.9 million of goodwill. See also Note 2 - Business Acquisitions.

The Company has not recorded any goodwill impairments since the initial adoption of the accounting guidance in 2002.

Identifiable intangible assets are recorded in Intangible assets, net in the Consolidated Balance Sheet. Identifiable intangible assets are comprised of the following (in millions):



	December 31, 2014					December 31, 2013
	Gross Amount		Accumulated Amortization			Gross Amount		Accumulated Amortization
Definite-lived:
Patents, tradenames and trademarks	$	125.1	$	(32.5	)	$	111.2	$	(27.7	)
Customer/agent relationships and other	263.0		(87.8		)	222.2		(75.0		)
TOTAL DEFINITE-LIVED INTANGIBLES	388.1		(120.3		)	333.4		(102.7		)
Indefinite-lived:
Tradenames and other	55.0		—			55.9		—
TOTAL INTANGIBLE ASSETS	$	443.1	$	(120.3	)	$	389.3	$	(102.7	)

Amortization expense associated with these definite-lived intangible assets was $23.8 million, $19.9 million and $18.1 million in 2014, 2013 and 2012, respectively. Amortization expense associated with these intangible assets is expected to be $22.2 million in 2015, $21.4 million in 2016, $20.1 million in 2017, $18.4 million in 2018 and $17 million in 2019.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details

Investments

12 Months Ended

Dec. 31, 2014

Investments [Abstract]

Investments

At December 31, 2014 and December 31, 2013, the Company had both available-for-sale and trading investments. The available-for-sale investments consisted entirely of municipal bonds while the trading investments were comprised primarily of debt and equity mutual funds. These investments are stated at fair market value based on current quotes.

The following table sets forth selected data with respect to the Company’s investments at December 31, (in millions):



	2014											2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Carrying Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Carrying Value
Available-for-sale investments	$	42.5	$	0.6	$	(0.1	)	$	43.0	$	43.0	$	38.0	$	0.6	$	—	$	38.6	$	38.6
Trading investments	6.6		2.3		—			8.9		8.9		5.4		1.9		—		7.3		7.3
TOTAL INVESTMENTS	$	49.1	$	2.9	$	(0.1	)	$	51.9	$	51.9	$	43.4	$	2.5	$	—	$	45.9	$	45.9

Contractual maturities of available-for-sale investments at December 31, 2014 were as follows (in millions):



	Amortized Cost		Fair Value
Available-for-sale investments
Due within 1 year	$	7.7	$	7.8
After 1 year but within 5 years	26.9		27.4
After 5 years but within 10 years	7.9		7.8
Due after 10 years	—		—
TOTAL	$	42.5	$	43.0

At December 31, 2014 and 2013, the total net of tax unrealized gains recorded relating to available-for-sale securities were $0.3 million and $0.4 million, respectively. These net unrealized gains have been included in Accumulated other comprehensive loss, net of tax. Net unrealized gains relating to trading investments have been reflected in the results of operations. The cost basis used in computing the gain or loss on these securities was through specific identification. Gains and losses for both available-for-sale and trading securities were not material in 2014, 2013 and 2012.

- Definition

The entire disclosure for investments in certain debt and equity securities.

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+ Details

Property,Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant, and Equipment

Property, plant, and equipment, carried at cost, is summarized as follows at December 31, (in millions):



	2014			2013
Land	$	43.1		$	44.4
Buildings and improvements	252.8			243.6
Machinery, tools, and equipment	740.7			692.8
Construction-in-progress	20.8			24.1
Gross property, plant, and equipment	1,057.4			1,004.9
Less accumulated depreciation	(656.2		)	(627.8		)
NET PROPERTY, PLANT, AND EQUIPMENT	$	401.2		$	377.1

Depreciable lives on buildings range between 20-40 years. Depreciable lives on machinery, tools, and equipment range between 3-20 years. The Company recorded depreciation expense of $49.9 million, $45.3 million and $44.1 million for 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

Retirement Beneifts

12 Months Ended

Dec. 31, 2014

Pension and Other Postretirement Benefit Expense [Abstract]

Retirement Benefits

The Company has funded and unfunded non-contributory U.S. and foreign defined benefit pension plans. Benefits under these plans are generally provided based on either years of service and final average pay or a specified dollar amount per year of service. The U.S. defined benefit pension plan has been closed to new participants since 2004, while the Canadian and UK defined benefit pension plans have been closed to new entrants since 2006 and 2007, respectively. These U.S., Canadian and UK employees are eligible instead for defined contribution plans.

The Company also has a number of health care and life insurance benefit plans covering eligible employees who reached retirement age while working for the Company. These benefits have been discontinued for substantially all future retirees. The Company anticipates future cost-sharing changes for its discontinued plans that are consistent with past practices.

The Company uses a December 31 measurement date for all of its plans. There were no amendments made in 2014 or 2013 to the defined benefit pension plans which had a significant impact on the total pension benefit obligation. The Company's U.S. defined benefit pension plans were approximately 88% of the $976.3 million total pension benefit obligations at December 31, 2014.

The following table sets forth the reconciliation of beginning and ending balances of the benefit obligations and the plan assets for the Company’s defined benefit pension and other benefit plans at December 31, (in millions):



	Pension Benefits						Other Benefits
	2014			2013			2014			2013
Change in benefit obligation
Benefit obligation at beginning of year	$	828.2		$	879.5		$	28.1		$	30.4
Service cost	15.1			16.7			0.1			—
Interest cost	40.9			36.5			1.1			1.1
Plan participants’ contributions	0.7			0.7			—			—
Amendments	—			0.4			—			—
Actuarial loss (gain)	135.1			(69.2		)	1.6			(1.4		)
Currency impact	(6.0		)	0.3			—			—
Other	(0.6		)	(0.5		)	(2.2		)	(0.1		)
Benefits paid	(37.1		)	(36.2		)	(2.0		)	(1.9		)
Benefit obligation at end of year	$	976.3		$	828.2		$	26.7		$	28.1
Change in plan assets
Fair value of plan assets at beginning of year	$	764.0		$	726.3		$	—		$	—
Actual return on plan assets	87.1			64.8			—			—
Employer contributions	27.6			8.0			—			—
Plan participants’ contributions	0.7			0.7			—			—
Currency impact	(6.6		)	0.4			—			—
Benefits paid	(37.1		)	(36.2		)	—			—
Fair value of plan assets at end of year	$	835.7		$	764.0		$	—		$	—
FUNDED STATUS	$	(140.6	)	$	(64.2	)	$	(26.7	)	$	(28.1	)
Amounts recognized in the consolidated balance sheet consist of:
Prepaid pensions (included in Other long-term assets)	$	1.0		$	18.7		$	—		$	—
Accrued benefit liability (short-term and long-term)	(141.6		)	(82.9		)	(26.7		)	(28.1		)
NET AMOUNT RECOGNIZED IN THE CONSOLIDATED BALANCE SHEET	$	(140.6	)	$	(64.2	)	$	(26.7	)	$	(28.1	)
Amounts recognized in Accumulated other comprehensive loss (income) consist of:
Net actuarial loss	$	196.4		$	107.2		$	0.7		$	(0.9	)
Prior service cost (credit)	0.8			1.0			(5.2		)	(6.2		)
NET AMOUNT RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE LOSS	$	197.2		$	108.2		$	(4.5	)	$	(7.1	)

The accumulated benefit obligation for all defined benefit pension plans was $907.1 million and $771.9 million at December 31, 2014 and 2013, respectively. Information with respect to plans with accumulated benefit obligations in excess of plan assets is as follows, (in millions):



	2014		2013
Projected benefit obligation	$	266.5	$	77.2
Accumulated benefit obligation	$	261.1	$	74.5
Fair value of plan assets	$	168.9	$	—

The following table sets forth the components of pension and other benefit costs for the years ended December 31, (in millions):



	Pension Benefits									Other Benefits
	2014			2013			2012			2014			2013			2012
Components of net periodic benefit cost:
Service cost	$	15.1		$	16.7		$	16.0		$	0.1		$	—		$	—
Interest cost	40.9			36.5			36.5			1.1			1.1			1.3
Expected return on plan assets	(45.2		)	(46.7		)	(39.9		)	—			—			—
Amortization of prior service cost (credit)	0.2			0.2			0.2			(1.0		)	(1.0		)	(1.0		)
Amortization of actuarial losses (gains)	3.9			13.8			17.4			(0.1		)	(0.1		)	—
Other	—			—			—			(2.2		)	—			—
Curtailment and settlement losses (gains)	—			—			—			—			—			—
Net periodic benefit cost (credit)	$	14.9		$	20.5		$	30.2		$	(2.1	)	$	—		$	0.3
Changes recognized in other comprehensive loss (income), before tax:
Current year net actuarial loss (gain)	$	93.1		$	(87.8	)	$	(19.1	)	$	1.5		$	(1.4	)	$	(2.5	)
Current year prior service credit	—			0.4			—			—			—			—
Amortization of prior service (cost) credit	(0.2		)	(0.2		)	(0.2		)	1.0			1.0			1.0
Amortization of net actuarial (losses) gains	(3.9		)	(13.8		)	(17.4		)	0.1			0.1			—
Currency impact	—			(0.1		)	(0.2		)	—			—			—
Other adjustments	—			—			0.3			—			—			0.3
Total recognized in other comprehensive loss (income)	89.0			(101.5		)	(36.6		)	2.6			(0.3		)	(1.2		)
TOTAL RECOGNIZED IN NET PERIODIC PENSION COST AND OTHER COMPREHENSIVE LOSS (INCOME)	$	103.9		$	(81.0	)	$	(6.4	)	$	0.5		$	(0.3	)	$	(0.9	)
Amortization expected to be recognized through income during 2015
Amortization of prior service cost (credit)	$	0.2								$	(1.0	)
Amortization of net loss (gain)	11.9									(0.1		)
TOTAL EXPECTED TO BE RECOGNIZED THROUGH INCOME DURING NEXT FISCAL YEAR	$	12.1								$	(1.1	)

The Company also maintains six defined contribution pension plans. The total cost of these plans was $12.9 million in 2014, $11.2 million in 2013 and $10.5 million in 2012, excluding the employer match for the 401(k) plan. This cost is not included in the above net periodic benefit cost for the defined benefit pension plans.

As of December 31, 2014 and 2013, the Company participated in three multiemployer defined benefit pension plans under the terms of collective-bargaining agreements that cover its union represented employees. As of December 31, 2014 and 2013 one of the three multiemployer defined benefit pension plans in which the Company participates is considered to be less than 65 percent funded. The Company’s total contributions to these plans were $0.8 million in 2014, $0.9 million in 2013 and $0.7 million in 2012. These contributions represent more than five percent of the total contributions made to each of these plans during the past three years. After assessing future required contributions and/or the potential liabilities associated with withdrawing from these plans, the Company has concluded that none of these plans are significant.

Assumptions

The following assumptions were used to determine the projected benefit obligations at the measurement date and the net periodic benefit cost for the year:



	Pension Benefits						Other Benefits
	2014		2013		2012		2014		2013		2012
Weighted-average assumptions used to determine benefit obligations at December 31,
Discount rate	4.23	%	5.04	%	4.22	%	4.10	%	4.60	%	4.20	%
Rate of compensation increase	3.15	%	3.18	%	3.11	%	3.00	%	3.00	%	3.00	%
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31,
Discount rate	5.04	%	4.22	%	4.42	%	4.60	%	4.20	%	4.40	%
Expected return on plan assets	6.06	%	6.70	%	6.50	%	N/A		N/A		N/A
Rate of compensation increase	3.18	%	3.11	%	3.53	%	4.50	%	3.00	%	3.50	%

At the end of each year, the Company determines the appropriate expected return on assets for each plan based upon its strategic asset allocation (see discussion below). In making this determination, the Company utilizes expected returns for each asset class based upon current market conditions and expected risk premiums for each asset class.

The Company also determines the discount rate to be used to calculate the present value of pension plan liabilities at the end of each year. The discount rate for the Company’s U.S. and Canadian pension plans is determined by matching the expected cash flows associated with its benefit obligations to a yield curve based on high quality, fixed income debt instruments with maturities that closely match the expected funding period of its pension liabilities. This yield curve is derived using a bond matching approach which incorporates a selection of bonds that align with the Company’s projected benefit obligations. As of December 31, 2014, the Company used a discount rate of 4.3% for its U.S. pension plans compared to a discount rate of 5.1% used in 2013. For its Canadian pension plan, the Company used a discount rate of 3.95% as of December 31, 2014 compared to the 4.75% discount rate used in 2013.

For its UK pension plan the discount rate was derived using a yield curve fitted to the yields on AA bonds in the Barclays Capital Sterling Aggregate Corporate Index and uses sample plan cash flow data as a proxy to plan specific liability cash flows. The derived discount rate is the single discount rate equivalent to discounting these liability cash flows at the term-dependent spot rate of AA corporate bonds. This methodology resulted in a December 31, 2014 discount rate for the UK pension plan of 3.7% as compared to a discount rate of 4.6% used in 2013.

In 2014 we changed the mortality table used to calculate the present value of our pension plan liabilities from RP-2000 to the RP-2000 with generational projection using Scale BB-2D. This mortality table was chosen after considering alternative tables including the RP-2014 projected with Scale MP-2014. We chose the RP-2000 with Scale BB-2D because it resulted in the closest match to the plans’ actual experience over the period 2009-2013. This change resulted in an approximately $40 million increase in the projected benefit obligation of our U.S. defined benefit pension plans upon remeasurement at December 31, 2014.

The rate of compensation increase assumption reflects the Company’s actual experience and best estimate of future increases.

The assumed health care cost trend rates used to determine the projected postretirement benefit obligation are as follows:



	Other Benefits
	2014		2013		2012
Assumed health care cost trend rates at December 31,
Health care cost trend assumed for next year	6.5	%	6.6	%	6.9	%
Rate to which the cost trend is assumed to decline	5.0	%	5.0	%	5.0	%
Year that the rate reaches the ultimate trend rate	2028		2028		2028

Assumed health care cost trend rates have an effect on the amounts reported for the postretirement benefit plans. A one-percentage-point change in assumed health care cost trend rates would have the following effects (in millions):



	One Percentage Point Increase		One Percentage Point Decrease
Effect on total of service and interest cost	$	0.1	$	(0.1	)
Effect on postretirement benefit obligation	$	1.5	$	(1.5	)

Plan Assets

The Company’s combined targeted 2015 weighted average asset allocation for domestic and foreign pension plans and the actual weighted average asset allocation for domestic and foreign pension plans at December 31, 2014 and 2013 by asset category are as follows:



	Percentage of Plan Assets
	Target		Actual
Asset Category	2015		2014		2013
Equity securities	37	%	30	%	40	%
Debt securities & Cash	37	%	48	%	43	%
Alternative Investments	26	%	22	%	17	%
TOTAL	100	%	100	%	100	%

At the end of each year, the Company estimates the expected long-term rate of return on pension plan assets based on the strategic asset allocation for its plans. In making this determination, the Company utilizes expected rates of return for each asset class based upon current market conditions and expected risk premiums for each asset class. The Company has written investment policies and asset allocation guidelines for its domestic and foreign pension plans. In establishing these policies, the Company has considered that its various pension plans are a major retirement vehicle for most plan participants and has acted to discharge its fiduciary responsibilities with regard to the plans solely in the interest of such participants and their beneficiaries. The goal underlying the establishment of the investment policies is to provide that pension assets shall be invested in a prudent manner and so that, together with the expected contributions to the plans, the funds will be sufficient to meet the obligations of the plans as they become due. To achieve this result, the Company conducts a periodic strategic asset allocation study to form a basis for the allocation of pension assets between various asset categories. Specific policy benchmark percentages are assigned to each asset category with minimum and maximum ranges established for each. The assets are then tactically managed within these ranges. Equity securities include investments in large-cap, mid-cap and small-cap companies located inside and outside the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and US Treasuries. Derivative investments include futures contracts used by the plan to adjust the level of its investments within an asset allocation category. All futures contracts are 100% supported by cash or cash equivalent investments. At no time may derivatives be utilized to leverage the asset portfolio.

Equity securities include Company common stock in the amounts of $37.6 million (5.2% of total domestic plan assets) and $35.0 million (5.3% of total domestic plan assets) at December 31, 2014 and 2013, respectively.

The fair value of the Company’s pension plan assets at December 31, 2014 and 2013, by asset category are as follows (in millions):



				Quoted Prices in Active Markets for Identical Assets			Quoted Prices in Active Market for Similar Asset		Significant Unobservable Inputs
Asset Category	Total			(Level 1)			(Level 2)		(Level 3)
Cash and cash equivalents	$	26.2		$	26.2		$	—	$	—
Equity securities:
US Large-cap ^(a)	35.1			35.1			—		—
US Mid-cap and Small-cap Growth ^(b)	41.5			41.5			—		—
International Large-cap	23.4			23.4			—		—
Emerging Markets ^(c)	11.3			11.3			—		—
Fixed Income Securities:
US Treasuries	57.7			—			57.7		—
Corporate Bonds^(d)	214.1			—			214.1		—
Asset Backed Securities and Other	87.9			0.4			87.5		—
Derivatives:
Assets ^(e)	150.1			149.1			1.0		—
(Liabilities) ^(e)	(15.9		)	(15.9		)	—		—
Alternative Investment Funds ^(f)	188.2			110.1			—		78.1
Common Pooled Fund ^(g)	16.1			—			16.1		—
BALANCE AT DECEMBER 31, 2014	$	835.7		$	381.2		$	376.4	$	78.1



				Quoted Prices in Active Markets for Identical			Quoted Prices in Active Market for Similar Asset		Significant Unobservable Inputs
Asset Category	Total			Assets (Level 1)			(Level 2)		(Level 3)
Cash and cash equivalents	$	23.9		$	23.9		$	—	$	—
Equity securities:
US Large-cap ^(a)	75.7			75.7			—		—
US Mid-cap and Small-cap Growth^(b)	42.0			42.0			—		—
International Large-cap	80.7			80.7			—		—
Emerging Markets ^(c)	28.3			28.3			—		—
Fixed Income Securities:
US Treasuries	59.6			—			59.6		—
Corporate Bonds ^(d)	120.7			—			120.7		—
Asset Backed Securities and Other	91.8			1.1			90.7		—
Derivatives:
Assets ^(e)	97.5			97.5			—		—
(Liabilities) ^(e)	(37.2		)	(37.2		)	—		—
Alternative Investment Funds ^(f)	165.6			33.3			—		132.3
Common Pooled Funds ^(g)	15.4			—			15.4		—
BALANCE AT DECEMBER 31, 2013	$	764.0		$	345.3		$	286.4	$	132.3


(a)	Includes an actively managed portfolio of large-cap US stocks.


(b)	Includes $37.6 million and $35.0 million of the Company’s common stock at December 31, 2014 and 2013, respectively, and an investment in a small cap open ended mutual fund.


(c)	Includes open ended emerging markets mutual funds.


(d)	Includes primarily investment grade bonds of U.S. issuers from diverse industries.


(e)	Includes primarily large-cap U.S. and foreign equity futures as well as short positions on U.S. Treasuries to adjust the duration of the portfolio.


(f)	Includes investments in hedge funds, including fund of funds products and open end mutual funds


(g)	Investments in Common Pooled Funds, consisting of equities and fixed income securities. The fair value of the Common Pooled Funds has been calculated using the Funds Net Asset Value per share of the underlying investments.

The 2013 table above has been revised due to misstatements in the assignment of certain pension plan assets between Level 1 and 2 and between asset categories. As a result, Level 2 assets reported in the 2013 table above have increased by $226.3 million compared to the amounts reported in the prior year. The Company evaluated the materiality of this misstatement and concluded it was not material to the prior year financial statements.

The following table rolls forward the fair value of the Company’s alternative investment funds measured using significant unobservable inputs (Level 3) for the years ended December 31, 2013 and December 31, 2014 (in millions):



	Alternative
	Investment Funds
BALANCE AT December 31, 2012	$	126.2
Actual return on plan assets:
Relating to assets still held at the reporting date	9.0
Relating to assets sold during the period	0.2
Purchases, sales and settlements, net	(3.1		)
Transfers in and/or out of Level 3	—
BALANCE AT December 31, 2013	$	132.3
Actual return on plan assets:
Relating to assets still held at the reporting date	4.1
Relating to assets sold during the period	0.6
Purchases, sales and settlements, net	(58.9		)
Transfers in and/or out of Level 3	—
BALANCE AT December 31, 2014	$	78.1

The alternative investments held by the Company’s pension plans and assigned to Level 3 of the fair value hierarchy consist of fund of fund products. Funds of funds invest in a number of investment funds managed by a diversified group of third-party investment managers who employ a variety of alternative investment strategies, including relative value, security selection, distressed value, global macro, specialized credit and directional strategies. The objective of these funds is to achieve the desired capital appreciation with lower volatility than either traditional equity or fixed income securities. The alternative investments are valued using net asset values provided by the fund managers. The net asset values are determined based on the fair values of the underlying investments in the funds.

The Company’s other postretirement benefits are unfunded; therefore, no asset information is reported.

Contributions

Although not required under the Pension Protection Act of 2006, the Company made a voluntary contribution to its qualified domestic defined benefit pension plan of $20.0 million in January 2015. The Company expects to contribute approximately $3.0 million to its foreign plans in 2015.

Estimated Future Benefit Payments

The following domestic and foreign benefit payments, which reflect future service, as appropriate, are expected to be paid as follows, (in millions):



	Pension Benefits		Other Benefits
2015	$	38.8	$	2.3
2016	$	40.6	$	2.3
2017	$	42.5	$	2.2
2018	$	44.7	$	2.1
2019	$	46.8	$	2.1
2020-2024	$	267.1	$	9.1

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References+ Details

Debt

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Debt

The following table sets forth the Company’s long-term debt at December 31, (in millions):



	Maturity	2014		2013
Senior notes at 5.95%, net of unamortized discount	2018	$	299.2	$	299.0
Senior notes at 3.625%, net of unamortized discount	2022	298.4		298.2
TOTAL LONG-TERM DEBT		$	597.6	$	597.2

In November 2010, the Company completed a public debt offering for $300 million of long-term, senior, unsecured notes maturing in November 2022 and bearing interest at a fixed rate of 3.625%. Prior to the issuance of the 2022 Notes, the Company entered into a forward interest rate lock which resulted in a $1.6 million loss. This amount was recorded in Accumulated other comprehensive loss, net of tax and is being amortized over the life of the 2022 Notes.

In May 2008, the Company completed a public offering of $300 million long-term senior, unsecured notes maturing in May 2018. The 2018 Notes bear interest at a fixed rate of 5.95%. Prior to the issuance of the 2018 Notes, the Company entered into a forward interest rate lock which resulted in a $1.2 million gain. This amount was recorded in Accumulated other comprehensive loss, net of tax, and is being amortized over the life of the notes.

The 2018 Notes and the 2022 Notes are both fixed rate indebtedness, are callable at any time with a make whole premium and are only subject to accelerated payment prior to maturity in the event of a default under the indenture governing the 2018 Notes and 2022 Notes, as modified by the supplemental indentures creating such series, or upon a change in control event as defined in such indenture. The Company was in compliance with all of its covenants as of December 31, 2014.

At December 31, 2014 and 2013, the Company had $1.4 million and $0.3 million, respectively, of short-term debt outstanding. During 2013, the Company entered into an credit agreement for a 5.0 million Brazilian reais line of credit to support its Brazilian operations. This line of credit expires in October 2016; however, an undrawn balance is subject to an annual review by the lender. This line is not subject to annual commitment fees. At December 31, 2014, 3.0 million Brazilian reais (equivalent to $1.1 million) was outstanding. There were no borrowings outstanding at December 31, 2013 under this line of credit. Short-term debt is also comprised of outstanding borrowings under existing lines of credit used to support its operations in China. At December 31, 2014 and 2013 there were 1.7 million and 2.1 million Chinese renminbi, respectively, (equivalent to $0.3 million) of borrowings outstanding under this line of credit.

Other information related to short-term debt at December 31, is summarized below:



	2014		2013
Interest rate on short-term debt:
At year end	14.54	%	6.00	%
Paid during the year (weighted average)	14.35	%	5.20	%

As of December 31, 2014, the Company’s $500 million revolving credit facility had not been drawn against. The credit facility, which serves as a backup to our commercial paper program, was scheduled to expire in October 2016. In March 2013, the facility was amended to extend the maturity date to March 2018. The interest rate applicable to borrowing under the credit agreement is generally either the prime rate or a surcharge over LIBOR. The single financial covenant in the $500 million credit facility, which the Company is in compliance with, requires that total debt not exceed 55% of total capitalization. Annual commitment fees to support availability under the credit facility are not material.

The Company also maintains other lines of credit that are primarily used to support the issuance of letters of credit. Interest rates and other terms of borrowing under these lines of credit vary from country to country, depending on local market conditions. At December 31, 2014 and 2013 these lines totaled $54.6 million and $60.4 million, respectively, of which $27.1 million and $22.9 million was utilized to support letters of credit and the remaining amount was unused. The annual commitment fees associated with these lines of credit are not material.

Interest and fees paid related to total indebtedness was $29.4 million, $29.7 million and $29.8 million in 2014, 2013, and 2012, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

Income Taxes

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Taxes

The following table sets forth selected data with respect to the Company’s income tax provisions for the years ended December 31, (in millions):



	2014		2013			2012
Income before income taxes:
United States	$	385.6	$	360.8		$	330.2
International	99.9		113.0			111.6
TOTAL INCOME BEFORE INCOME TAXES	$	485.5	$	473.8		$	441.8
Provision for income taxes — current:
Federal	$	90.1	$	94.6		$	66.4
State	15.4		15.1			12.8
International	22.5		21.0			33.0
Total provision-current	128.0		130.7			112.2
Provision for income taxes — deferred:
Federal	24.4		14.4			25.6
State	2.7		0.1			1.8
International	3.2		(1.2		)	0.1
Total provision — deferred	30.3		13.3			27.5
TOTAL PROVISION FOR INCOME TAXES	$	158.3	$	144.0		$	139.7

Deferred tax assets and liabilities result from differences in the basis of assets and liabilities for tax and financial statement purposes. The components of the deferred tax assets/(liabilities) at December 31, were as follows (in millions):



	2014			2013
Deferred tax assets:
Inventory	$	4.6		$	4.7
Income tax credits	30.6			31.3
Accrued liabilities	23.3			19.0
Pension	43.6			23.4
Post retirement and post employment benefits	11.3			11.0
Stock-based compensation	11.4			10.1
Net operating loss carryforwards	46.3			53.1
Miscellaneous other	7.5			3.4
Gross deferred tax assets	178.6			156.0
Valuation allowance	(34.3		)	(28.5		)
Total deferred tax assets, net of valuation allowance	144.3			127.5
Deferred tax liabilities:
Acquisition basis difference	(145.8		)	(123.3		)
Property, plant, and equipment	(41.9		)	(40.4		)
Total deferred tax liabilities	(187.7		)	(163.7		)
TOTAL NET DEFERRED TAX LIABILITY	$	(43.4	)	$	(36.2	)
Deferred taxes are reflected in the Consolidated Balance Sheet as follows:
Current tax assets (included in Deferred taxes and other)	$	31.2		$	31.0
Non-current tax assets (included in Other long-term assets)	1.1			1.0
Current tax liabilities (included in Other accrued liabilities)	(1.2		)	(1.5		)
Non-current tax liabilities (included in Other Non-current liabilities)	(74.5		)	(66.7		)
TOTAL NET DEFERRED TAX LIABILITY	$	(43.4	)	$	(36.2	)

As of December 31, 2014, the Company had a total of $30.6 million of Federal, State (net of Federal benefit) and foreign (fully valued) tax credit carryforwards, available to offset future income taxes. As of December 31, 2014, $9.1 million of the tax credits may be carried forward indefinitely while the remaining $21.5 million will begin to expire at various times in 2015 through 2030. As of December 31, 2014, the Company had recorded tax benefits totaling $45.8 million for Federal, State and foreign net operating loss carryforwards (“NOLs”). As of December 31, 2014, $17.7 million of NOLs may be carried forward indefinitely while the remaining $28.1 million will begin to expire at various times in 2022 through 2031. The tax benefit related to a portion of these NOLs has been adjusted to reflect an “ownership change” pursuant to Internal Revenue Code Section 382, which imposes an annual limitation on the utilization of pre-acquisition operating losses. The Company has recorded a net valuation allowance of $34.3 million for the portion of the foreign tax and state tax credit carryforwards and foreign NOLs that the Company anticipates will expire prior to utilization.

At December 31, 2014, income and withholding taxes have not been provided on approximately $750 million of undistributed international earnings that are permanently reinvested in international operations. If such earnings were not indefinitely reinvested, a tax liability of approximately $150 million would be recognized.

Cash payments of income taxes were $125.4 million, $127.2 million and $113.2 million in 2014, 2013, and 2012, respectively.

The Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. The IRS and other tax authorities routinely audit the Company’s tax returns. These audits can involve complex issues which may require an extended period of time to resolve. During 2014 the IRS completed an exam of the Company’s 2010 - 2012 Federal income tax returns. The Company is currently not under Federal exam for any open tax year. With few exceptions, the Company is no longer subject to state, local, or non-U.S. income tax examinations by tax authorities for years prior to 2007.

The following tax years, by major jurisdiction, are still subject to examination by taxing authorities:



Jurisdiction	Open Years
United States	2013-2014
UK	2013-2014
Puerto Rico	2010-2014
Canada	2010-2014

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):



	2014			2013			2012
Unrecognized tax benefits at beginning of year	$	14.8		$	13.5		$	27.6
Additions based on tax positions relating to the current year	2.9			2.2			1.8
Reductions based on expiration of statute of limitations	(1.2		)	(1.5		)	(9.6		)
Additions to tax positions relating to previous years	9.5			2.1			0.8
Settlements	(4.4		)	(1.5		)	(7.1		)
TOTAL UNRECOGNIZED TAX BENEFITS	$	21.6		$	14.8		$	13.5

Included in the balance at December 31, 2014 are $17.8 million of tax positions which, if in the future are determined to be recognizable, would affect the annual effective income tax rate. Additionally, there are $0.5 million of tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty as to the timing of such deductibility. Because of the impact of deferred tax accounting, other than interest and penalties, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the applicable taxing authority to an earlier period. The increase in the unrecognized tax positions related to prior years is primarily due to certain acquisitions, which the Company expects to recover any pre acquisition taxes from the sellers, and certain foreign jurisdiction tax issues. It is reasonably possible that in the next twelve months, because of changes in facts and circumstances, the unrecognized tax benefits may increase or decrease. The Company estimates a possible decrease of up to $1.9 million within the next twelve months due to the possible settlements of state exposures. The Company has classified the amount of unrecognized tax positions that are expected to settle within the next twelve months as a current liability.

The Company’s policy is to record interest and penalties associated with the underpayment of income taxes within Provision for income taxes in the Consolidated Statement of Income. The Company recognized expense (benefit), before federal tax impact, related to interest and penalties of approximately $1.7 million in 2014, $(0.2) million in 2013 and $(0.5) million 2012. The Company had $2.9 million and $1.2 million accrued for the payment of interest and penalties as of December 31, 2014 and December 31, 2013, respectively.

The consolidated effective income tax rate varied from the United States federal statutory income tax rate for the years ended December 31, as follows:



	2014		2013		2012
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	2.0		2.1		1.8
Foreign income taxes	(2.1	)	(3.6	)	(3.4	)
Other, net	(2.3	)	(3.1	)	(1.8	)
CONSOLIDATED EFFECTIVE INCOME TAX RATE	32.6	%	30.4	%	31.6	%

The foreign income tax benefit shown is primarily due to lower statutory rates in foreign jurisdictions compared to the Federal statutory rate.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

Financial Instruments

12 Months Ended

Dec. 31, 2014

Financial Instruments [Abstract]

Financial Instruments

Concentrations of Credit Risk: Financial instruments which potentially subject the Company to significant concentrations of credit risk consist of trade receivables, cash equivalents and investments. The Company grants credit terms in the normal course of business to its customers. Due to the diversity of its product lines, the Company has an extensive customer base including electrical distributors and wholesalers, electric utilities, equipment manufacturers, electrical contractors, telecommunication companies and retail and hardware outlets. No single customer accounted for more than 10% of total sales in any year during the three years ended December 31, 2014. However, the Company’s top ten customers account for approximately one-third of its net sales. As part of its ongoing procedures, the Company monitors the credit worthiness of its customers. Bad debt write-offs have historically been minimal. The Company places its cash and cash equivalents with financial institutions and limits the amount of exposure in any one institution.

Fair Value: The carrying amounts reported in the Consolidated Balance Sheet for cash and cash equivalents, short-term investments, receivables, bank borrowings, accounts payable and accruals approximate their fair values given the immediate or short-term nature of these items. See also Note 6 — Investments and Note 14 – Fair Value Measurement.

Fair Value Measurement

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurement

Fair value is defined as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The FASB fair value measurement guidance established a fair value hierarchy that prioritizes the inputs used to measure fair value. The three broad levels of the fair value hierarchy are as follows:


Level 1 -	Quoted prices (unadjusted) in active markets for identical assets or liabilities


Level 2 -	Quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly


Level 3 -	Unobservable inputs for which little or no market data exists, therefore requiring a company to develop its own assumptions

The following tables show, by level within the fair value hierarchy, the Company’s financial assets and liabilities that are accounted for at fair value on a recurring basis at December 31, 2014 and 2013 (in millions):



Asset (Liability)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Quoted Prices in Active Markets for Similar Assets (Level 2)		Total
Money market funds^(a)	$	365.9		$	—	$	365.9
Available for sale investments	—			43.0		43.0
Trading securities	8.9			—		8.9
Deferred compensation plan liabilities	(8.9		)	—		(8.9		)
Derivatives:
Forward exchange contracts	—			0.7		0.7
BALANCE AT DECEMBER 31, 2014	$	365.9		$	43.7	$	409.6



Asset (Liability)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Quoted Prices in Active Markets for Similar Assets (Level 2)		Total
Money market funds ^(a)	$	482.2		$	—	$	482.2
Available-for-sale investments	—			38.6		38.6
Trading securities	7.3			—		7.3
Deferred compensation plan liabilities	(7.3		)	—		(7.3		)
Derivatives:
Forward exchange contracts	—			0.4		0.4
BALANCE AT DECEMBER 31, 2013	$	482.2		$	39.0	$	521.2


(a)	Money market funds are included in Cash and cash equivalents in the Consolidated Balance Sheet.

The 2013 table above has been revised due to a misstatement in the assignment of $38.6 million of available-for-sale investments that were reported in Level 1. The Company evaluated the materiality of this misstatement and concluded it was not material to the prior period financial statements.

The methods and assumptions used to estimate the Level 2 fair values were as follows:

Forward exchange contracts – The fair value of forward exchange contracts were based on quoted forward foreign exchange prices at the reporting date.

Municipal bonds – The fair value of available-for-sale investments in municipal bonds is based on observable market-based inputs, other than quoted prices in active markets for identical assets.

During 2014 and 2013, there were no transfers of financial assets or liabilities in or out of Level 1 or Level 2 of the fair value hierarchy. At December 31, 2014 and December 31, 2013, the Company did not have any financial assets or liabilities that fell within the Level 3 hierarchy.

Investments

At December 31, 2014 and December 31, 2013, the Company had $43.0 million and $38.6 million, respectively, of municipal bonds classified as available-for-sale securities. The Company also had $8.9 million and $7.3 million of trading securities at December 31, 2014 and December 31, 2013, respectively. These investments are carried on the balance sheet at fair value. Unrealized gains and losses associated with available-for-sale securities are reflected in Accumulated other comprehensive loss, net of tax, while unrealized gains and losses associated with trading securities are reflected in the results of operations.

Deferred compensation plan

The Company offers certain employees the opportunity to participate in non-qualified deferred compensation plans. A participant’s deferrals are invested in a variety of participant-directed debt and equity mutual funds that are classified as trading securities. During 2014 and 2013, the Company purchased $1.2 million and $0.9 million, respectively, of trading securities related to these deferred compensation plans. As a result of participant distributions, the Company sold $0.2 million of these trading securities in 2014. There were no distributions or sales in 2013. The unrealized gains and losses associated with these trading securities are directly offset by the changes in the fair value of the underlying deferred compensation plan obligation.

Derivatives

In order to limit financial risk in the management of its assets, liabilities and debt, the Company may use derivative financial instruments such as foreign currency hedges, commodity hedges, interest rate hedges and interest rate swaps. All derivative financial instruments are matched with an existing Company asset, liability or proposed transaction. Market value gains or losses on the derivative financial instrument are recognized in income when the effects of the related price changes of the underlying asset or liability are recognized in income.

The fair values of derivative instruments in the Consolidated Balance Sheet are as follows (in millions):



	Asset/(Liability) Derivatives
		Fair Value at December 31,
Derivatives designated as hedges	Balance Sheet Location	2014		2013
Forward exchange contracts designated as cash flow hedges	Deferred taxes and other	$	0.7	$	0.4

Forward exchange contracts

In 2014 and 2013, the Company entered into a series of forward exchange contracts to purchase U.S. dollars in order to hedge its exposure to fluctuating rates of exchange on anticipated inventory purchases by one of its Canadian subsidiaries. As of December 31, 2014, the Company had 18 individual forward exchange contracts for a notional $1.0 million each, which have various expiration dates through December 2015. These contracts have been designated as cash flow hedges in accordance with the accounting guidance for derivatives.

Interest rate locks

Prior to the issuance of long-term notes in 2010 and 2008, the Company entered into forward interest rate locks to hedge its exposure to fluctuations in treasury rates. The 2010 interest rate lock resulted in a $1.6 million loss while the 2008 interest rate lock resulted in a $1.2 million gain. These amounts were recorded in Accumulated other comprehensive loss, net of tax, and are being amortized over the life of the respective notes. The amortization associated with these interest rate locks is reclassified from Accumulated other comprehensive loss to Interest expense in the Consolidated Statement of Income. The amortization reclassification for the years ended December 31, 2014 and 2013 was not material. As of both December 31, 2014 and December 31, 2013 there was $0.4 million of net unamortized losses reflected in Accumulated other comprehensive loss.

The following table summarizes the results of cash flow hedging relationships for years ended December 31, (in millions):



	Derivative Gain/(Loss) Recognized in Accumulated Other Comprehensive Loss, net of tax				Location of Gain/(Loss) Reclassified into Income	Gain/(Loss) Reclassified into Earnings (Effective Portion)
Derivative Instrument	2014		2013		(Effective Portion)	2014		2013
Forward exchange contract	$	0.9	$	0.6	Cost of goods sold	$	1.0	$	0.4

There was no material hedge ineffectiveness with respect to the forward exchange cash flow hedges during 2014, 2013 and 2012.

Long-term Debt

The total carrying value of long-term debt as of December 31, 2014 and 2013 was $597.6 million and $597.2 million, respectively, net of unamortized discount. As of December 31, 2014 and 2013, the estimated fair value of the long-term debt was $645.1 million and $631.0 million, respectively, based on quoted market prices. The Company’s long-term debt falls within level 2 of the fair value hierarchy.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References+ Details

Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Legal and Environmental

The Company is subject to various legal proceedings arising in the normal course of its business. These proceedings include claims for damages arising out of use of the Company’s products, intellectual property, workers’ compensation and environmental matters. The Company is self-insured up to specified limits for certain types of claims, including product liability and workers’ compensation, and is fully self-insured for certain other types of claims, including environmental and intellectual property matters. The Company recognizes a liability for any contingency that in management’s judgment is probable of occurrence and can be reasonably estimated. We continually reassess the likelihood of adverse judgments and outcomes in these matters, as well as estimated ranges of possible losses based upon an analysis of each matter which includes consideration of outside legal counsel and, if applicable, other experts.

In the fourth quarter of 2014, the Company settled litigation involving Powerweb Energy, Inc. (“Powerweb”). The lawsuit had alleged claims arising from the Company’s development and sale of wiHUBB wireless lighting technology. The Company believes that it had meritorious defenses against the claims and had vigorously defended itself in the matter. During the third quarter of 2014 the parties engaged in settlement discussions and the Company increased the accrual by $4.0 million based on those discussions. In view of several considerations including the inherent uncertainty of litigation, and the expense of a trial, the Company settled the litigation. The settlement payment made by the Company did not exceed the amounts previously reserved for the litigation.

The Company is subject to environmental laws and regulations which may require that it investigate and remediate the effects of potential contamination associated with past and present operations as well as those acquired through business combinations. Environmental liabilities are recorded when remedial efforts are probable and the costs can be reasonably estimated. The Company continues to monitor these environmental matters and revalues its liabilities as necessary. Total environmental liabilities were $13.9 million and $12.3 million as of December 31, 2014 and 2013, respectively.

The Company accounts for conditional asset retirement and environmental obligations in accordance with the applicable accounting guidance. The accounting guidance defines “conditional asset retirement obligation” as a legal obligation to perform an asset retirement activity in which the timing and/or method of settlement are conditional on a future event that may or may not be within the control of the Company. Accordingly, an entity is required to recognize a liability for the fair value of a conditional asset retirement obligation if the fair value of the liability can be reasonably estimated. Asset retirement obligations were not material as of December 31, 2014 and 2013.

Leases

Total rental expense under operating leases was $24.7 million in 2014, $23.2 million in 2013 and $21.9 million in 2012. The minimum annual rentals on non-cancelable, long-term, operating leases in effect at December 31, 2014 are expected to approximate $13.3 million in 2015, $10.4 million in 2016, $6.8 million in 2017, $5.3 million in 2018, $3.5 million in 2019 and $13.4 million thereafter. The Company’s leases primarily consist of operating leases for buildings or equipment. The terms for building leases typically range from 5-25 years with 5-10 year renewal periods.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Capital Stock

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Capital Stock

Activity in the Company’s common shares outstanding is set forth below for the three years ended December 31, 2014 (in thousands):



	Common Stock
	Class A	Class B
OUTSTANDING AT DECEMBER 31, 2011	7,167	52,071
Exercise of stock options/stock appreciation rights	—	804
Director compensation arrangements, net	—	18
Restricted/performance shares activity, net of forfeitures	—	197
Acquisition/surrender of shares	—	(1,021	)
OUTSTANDING AT DECEMBER 31, 2012	7,167	52,069
Exercise of stock options/stock appreciation rights	—	157
Director compensation arrangements, net	—	16
Restricted/performance shares activity, net of forfeitures	—	138
Acquisition/surrender of shares	—	(375	)
OUTSTANDING AT DECEMBER 31, 2013	7,167	52,005
Exercise of stock options/stock appreciation rights	—	155
Director compensation arrangements, net	—	13
Restricted/performance shares activity, net of forfeitures	—	136
Acquisition/surrender of shares	—	(980	)
OUTSTANDING AT DECEMBER 31, 2014	7,167	51,329

For accounting purposes, the Company treats repurchased shares as constructively retired when acquired and accordingly charges the purchase price against Common stock par value, Additional paid-in capital and Retained earnings to the extent required. Shares may be repurchased through the Company’s stock repurchase program, acquired by the Company from employees under the Hubbell Incorporated Stock Option Plan for Key Employees (the “Option Plan”) or surrendered to the Company by employees in settlement of their minimum tax liability on vesting of restricted shares and performance shares under the Hubbell Incorporated 2005 Incentive Award Plan as amended and restated, (the “Award Plan”). Class A Common shares have twenty votes per share, while Class B Common shares have one vote per share. In addition, the Company has 5.9 million authorized shares of preferred stock; no preferred shares are outstanding.

In 2014 the Company identified a misstatement related to the accounting for repurchases of Class A Common Stock prior to 2012. The repurchase price in excess of par value was applied to Additional paid-in capital, however, a portion of the repurchase price should have been applied to Retained earnings. As a result, the Company increased Additional paid-in capital by $192 million and decreased Retained earnings for the periods presented herein. The misstatement had no impact on total shareholders' equity. The Company evaluated the materiality of this misstatement and concluded that it was not material to all prior periods.

The Company has an amended and restated Rights Agreement under which holders of Class A Common Stock have Class A Rights and holders of Class B Common Stock have Class B Rights (collectively, “Rights”). These Rights become exercisable after a specified period of time only if a person or group of affiliated persons acquires beneficial ownership of 20 percent or more of the outstanding Class A Common Stock of the Company or announces or commences a tender or exchange offer that would result in the offeror acquiring beneficial ownership of 20 percent or more of the outstanding Class A Common Stock of the Company. Each Class A Right entitles the holder to purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock (“Series A Preferred Stock”), without par value, at a price of $175.00 per one one-thousandth of a share. Similarly, each Class B Right entitles the holder to purchase one one-thousandth of a share of Series B Junior Participating Preferred Stock (“Series B Preferred Stock”), without par value, at a price of $175.00 per one one-thousandth of a share. The Rights may be redeemed by the Company for one cent per Right prior to the day a person or group of affiliated persons acquires 20 percent or more of the outstanding Class A Common Stock of the Company. The Rights will expire in December 31, 2018 (the “Final Expiration Date”), unless the Final Expiration Date is advanced or extended or unless the Rights are earlier redeemed or exchanged by the Company.

Shares of Series A Preferred Stock or Series B Preferred Stock purchasable upon exercise of the Rights will not be redeemable. Each share of Series A Preferred Stock or Series B Preferred Stock will be entitled, when, as and if declared, to a minimum preferential quarterly dividend payment of $10.00 per share but will be entitled to an aggregate dividend of 1,000 times the dividend declared per share of Common Stock. In the event of liquidation, the holders of the Series A Preferred Stock or Series B Preferred Stock will be entitled to a minimum preferential liquidation payment of $100 per share (plus any accrued but unpaid dividends) but will be entitled to an aggregate payment of 1,000 times the payment made per share of Class A Common Stock or Class B Common Stock, respectively. Each share of Series A Preferred Stock will have 20,000 votes and each share of Series B Preferred Stock will have 1,000 votes, voting together with the Common Stock. Finally, in the event of any merger, consolidation, transfer of assets or earning power or other transaction in which shares of Common Stock are converted or exchanged, each share of Series A Preferred Stock or Series B Preferred Stock will be entitled to receive 1,000 times the amount received per share of Common Stock. These rights are protected by customary antidilution provisions.

Upon the occurrence of certain events or transactions specified in the Rights Agreement, each holder of a Right will have the right to receive, upon exercise, that number of shares of the Company’s common stock or the acquiring company’s shares having a market value equal to twice the exercise price.

Shares of the Company’s common stock were reserved at December 31, 2014 as follows (in thousands):



	Common Stock		Preferred Stock
	Class A	Class B	Preferred Stock
Future grant of stock-based compensation	—	1,475	—
Exercise of stock purchase rights	—	—	58
Shares reserved under other equity compensation plans	—	96	—
TOTAL	—	1,571	58

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

Stock-Based Compensation

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

As of December 31, 2014, the Company had various stock-based awards outstanding which were issued to executives and other key employees. The Company recognizes the grant-date fair value of all stock-based awards to employees over their respective requisite service periods (generally equal to an award’s vesting period), net of estimated forfeitures. A stock-based award is considered vested for expense attribution purposes when the employee’s retention of the award is no longer contingent on providing subsequent service. Accordingly, the Company recognizes compensation cost immediately for awards granted to retirement-eligible individuals or over the period from the grant date to the date retirement eligibility is achieved, if less than the stated vesting period.

The Company’s long-term incentive program for awarding stock-based compensation uses a combination of restricted stock, stock appreciation rights (“SARs”), and performance shares of the Company’s Class B Common Stock pursuant to the Award Plan. Under the Award Plan, the Company may authorize up to 6.9 million shares of Class B Common Stock in settlement of restricted stock, performance shares, SARs or any-post 2004 grants of stock options. The Company issues new shares for settlement of any stock-based awards. In 2014, the Company granted stock-based awards using a combination of restricted stock, SARs and performance shares.

In 2014, 2013, and 2012, the Company recorded $16.4 million, $14.3 million and $15.8 million of stock-based compensation costs, respectively. The total income tax benefit recognized in 2014 was $7.8 million, $8.3 million during 2013, and $17.6 million during 2012. The net tax windfall recorded as a result of exercise or vesting (depending on the type of award) was $9.2 million, $8.4 million, and $15.1 million for the years ended December 31, 2014, 2013 and 2012, respectively. As of December 31, 2014, there was $26.5 million, pretax, of total unrecognized compensation cost related to non-vested share-based compensation arrangements. This cost is expected to be recognized through 2017.

Stock-based compensation expense is recorded in S&A expense as well as Cost of goods sold. Of the total 2014 expense, $15.7 million was recorded to S&A expense and $0.7 million was recorded to Cost of goods sold. In 2013 and 2012, $13.4 million and $15.1 million, respectively, was recorded to S&A expense and $0.9 million in 2013 and $0.7 million in 2012, was recorded to Cost of goods sold. Stock-based compensation costs capitalized to inventory was $0.2 million in 2014, 2013 and 2012.

Each of the compensation arrangements is discussed below.

Restricted Stock

The Company issues several types of restricted stock awards all of which are considered outstanding at the time of grant, as the award holders are entitled to dividends and voting rights. Unvested restricted stock awards are considered participating securities in computing earnings per share. Restricted stock granted is not transferable and is subject to forfeiture in the event of the recipient’s termination of employment prior to vesting

Restricted stock Issued to Employees - Service Condition

Service-based restricted stock awards are expensed on a straight-line basis over the requisite service period. The restricted stock vests in one-third increments annually for three years on each anniversary of the date of grant. The restricted stock fair values are measured using the average between the high and low trading prices of the Company’s Class B Common Stock on the most recent trading day immediately preceding the grant date (“measurement date”).

Restricted stock Issued to Employees - Market Condition

Certain restricted stock awards issued in 2014 will vest subject to the achievement of a market-based condition. The awards are expensed on a straight-line basis over the requisite service period which starts on the date of the grant and ends upon the completion of the performance period. Expense is recognized irrespective of the market condition being achieved.

The market-based condition associated with the awards is the Company’s total shareholder return (“TSR”) compared to the TSR generated by the companies that comprise the S&P Capital Goods 900 Index and is measured over a three year performance period beginning on January 1, 2015 and ending on December 31, 2017. The awards will vest contingent on achievement of the market condition, service through the requisite service period or to the date an employee becomes retirement-eligible, and approval by the Company's Compensation Committee. If the market-based condition is achieved, the awards will vest at 100% of the restricted stock awards granted. If the market-based condition is not achieved the awards will not vest. The fair value of these awards was determined based upon a lattice model.

The following table summarizes the assumptions used in estimating the fair value of these awards issued in 2014:



	Stock Price on Measurement Date		Dividend Yield		Expected Volatility		Risk Free Interest Rate		Expected Term	Weighted Avg. Grant Date Fair Value
2014	$	106.44	2.1	%	22.7	%	1.0	%	3 Years	$	95.96

Restricted stock Issued to Employees - Performance Condition

Certain restricted stock issued in 2013 will vest subject to the achievement of an annual performance-based condition. The awards vest in one-third increments for each of the years ending December 31, 2014, 2015 and 2016, contingent upon meeting the annual performance condition, and approval by the Company’s Compensation Committee. These awards are expensed on a graded basis over the requisite service period. The probability of vesting is reassessed each reporting period and compensation cost is adjusted accordingly. The fair value of the award is measured based upon the average between the high and low trading prices of the Company’s Class B Common Stock on the measurement date.

The performance condition for the year ending December 31, 2014 was met and 8,586 shares vested and were approved by the Compensation Committee in February 2015. The fair value of the shares at vesting was $1.0 million.

Restricted Stock Issued to Non-employee Directors

In 2014, 2013, and 2012, each non-employee director received a grant of Class B Common Stock. These grants were made on the date of the annual meeting of shareholders and vested or will vest at the following year’s annual meeting of shareholders, upon a change of control or termination of service by reason of death. These shares will be subject to forfeiture if the director’s service terminates prior to the date of the next regularly scheduled annual meeting of shareholders to be held in the following calendar year. During the years 2014, 2013, and 2012, the Company issued to non-employee directors 10,329 shares, 12,474 shares, and 13,980 shares, respectively.

Activity related to both employee and non-employee restricted stock for the year ended December 31, 2014 is as follows (in thousands, except per share amounts):



	Shares		Weighted Average Grant Date Fair Value/Share
RESTRICTED STOCK AT DECEMBER 31, 2013	167		$	91.17
Shares granted	87		105.35
Shares vested	(83	)	83.73
Shares forfeited	(4	)	76.28
RESTRICTED STOCK AT DECEMBER 31, 2014	167		$	102.22

The weighted average fair value per share of restricted stock granted during the years 2014, 2013, and 2012 was $105.35, $105.83 and $82.18, respectively. The total fair value of restricted stock vested during the years 2014, 2013, and 2012 was $7.0 million, $8.4 million and $8.9 million, respectively.

Stock Appreciation Rights

SARs granted entitle the recipient to the difference between the fair market value of the Company’s Class B Common Stock on the date of exercise and the grant price as determined using the average between the high and the low trading prices of the Company’s Class B Common Stock on the measurement date. This amount is payable in shares of the Company’s Class B Common Stock. SARs vest and become exercisable in three equal installments during the first three years following their grant date and expire ten years from the grant date.

Activity related to SARs for the year ended December 31, 2014 is as follows (in thousands, except per share amounts):



	Number of Rights		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
OUTSTANDING AT DECEMBER 31, 2013	1,531		$	69.68
Granted	251		106.73
Exercised	(314	)	57.16
Forfeited	(3	)	95.63
OUTSTANDING AT DECEMBER 31, 2014	1,465		$	78.64	7.4 Years	$	41,601
EXERCISABLE AT DECEMBER 31, 2014	947		$	65.79	6.4 Years	$	38,950

The aggregated intrinsic value of SARs exercised during 2014, 2013, and 2012 was $19.4 million, $16.4 million and $32.5 million, respectively.

The fair value of each SAR award was measured using the Black-Scholes option pricing model.

The following table summarizes the weighted-average assumptions used in estimating the fair value of the SARs granted during the years 2014, 2013, and 2012:



	Expected Dividend Yield		Expected Volatility		Risk Free Interest Rate		Expected Term	Weighted Avg. Grant Date Fair Value of 1 SAR
2014	2.0	%	21.8	%	1.6	%	5.3 Years	$	18.42
2013	1.9	%	28.3	%	1.6	%	5.4 Years	$	24.58
2012	2.0	%	29.4	%	0.7	%	5.5 Years	$	18.13

The expected dividend yield was calculated by dividing the Company’s expected annual dividend by the average stock price for the past three months. Expected volatilities are based on historical volatilities of the Company’s stock for a period consistent with the expected term. The expected term of SARs granted was based upon historical exercise behavior of stock options and SARs. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for the expected term of the award.

Performance Shares

Performance shares represent the right to receive a share of the Company’s Class B Common Stock after a three year period subject to the achievement of certain market or performance conditions established by the Company’s Compensation Committee. Partial vesting in these awards may occur after separation from the Company for retirement eligible employees. Shares are not vested until approved by the Company’s Compensation Committee.

Performance Shares - Market Condition

In December 2014, 2013, and 2012, the Company granted 28,871, 30,730 and 38,656, respectively, of performance shares that will vest subject to a market condition and service during the performance period. The market condition associated with the awards is the Company's TSR compared to the TSR generated by the companies of a reference index over a three year performance period. Performance at target will result in vesting and issuance of the number of performance shares granted, equal to 100% payout. Performance below or above target can result in issuance in the range of 0%-200% of the number of shares granted. Expense is recognized irrespective of the market condition being achieved.

In February 2014, the Company paid out 58,754 shares related to its December 2010 performance award grant. The performance period associated with this award was from January 1, 2011 through December 31, 2013 and was based upon the Company’s total TSR compared to the TSR generated by the other companies that comprise the S&P Mid-Cap 400 Index. The February 2014 payout was based upon achieving 200% of the market-based criteria. The fair value of the December 2010 performance awards at vesting was $7.0 million.

In February 2015, 38,589 shares related to the December 2011 performance award vested. The performance period associated with this award was from January 1, 2012 through December 31, 2014 and was based upon the Company’s TSR compared to the TSR generated by the other companies that comprise the S&P Mid-Cap 400 Index. The number of shares vested in February 2015 was based upon achieving 128% of the market condition and the fair value of the awards at vesting was $4.4 million.

The fair value of the performance share awards with a market condition for the fiscal years 2014, 2013, and 2012 was determined based upon a lattice model.

The following table summarizes the related assumptions used to determine the fair values of the performance share awards granted during the years 2014, 2013, and 2012:



	Stock Price on Measurement Date		Dividend Yield		Expected Volatility		Risk Free Interest Rate		Expected Term	Weighted Avg. Grant Date Fair Value
2014	$	106.44	2.1	%	22.7	%	1.0	%	3 Years	$	117.55
2013	$	107.87	1.9	%	33.8	%	0.6	%	3 Years	$	130.33
2012	$	83.73	2.0	%	27.3	%	0.4	%	3 Years	$	100.77

Expected volatilities are based on historical volatilities of the Company’s stock over a three year period. The risk free interest rate is based on the U.S. Treasury yield curve in effect at the time of the grant for the expected term of the award.

Performance Shares - Performance Condition

In December 2014, the Company also granted 28,871 performance share awards that are subject to a performance condition and service requirement during the three year performance period. The performance condition associated with the awards is based on the Company's net sales growth compared to the net sales growth of the companies of a reference index, further adjusted by the Company achieving a target net income margin, each measured over the same three year performance period. Performance at target will result in vesting and issuance of the number of performance shares granted, equal to 100% payout. Performance below or above target can result in issuance in the range of 0%-250% of the number of shares granted.

The fair value of the award is measured based upon the average between the high and low trading prices of the Company's Class B Common Stock on the measurement date and the Company expenses these awards on a straight-line basis. The weighted average fair value per share was $106.44 for the awards granted in 2014. The probability of vesting is reassessed each reporting period and compensation cost is adjusted accordingly.

Stock Option Awards

Prior to 2005, the Company granted options to officers and other key employees to purchase the Company’s Class B Common Stock. All options granted had an exercise price equal to the average between the high and low trading prices of the Company’s Class B Common Stock on the measurement date. These option awards expire ten years after grant date. Exercises of existing stock option grants are expected to be settled in the Company’s Class B Common Stock as authorized in the Option Plan. The last stock options granted by the Company were in 2004 and there are no remaining options outstanding as of December 31, 2014.

Stock option activity for the year ended December 31, 2014 is set forth below (in thousands, except per share amounts):



	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
OUTSTANDING AT DECEMBER 31, 2013	51		$	47.95
Exercised	(51	)	47.95
OUTSTANDING AT DECEMBER 31, 2014	—		$	—	—	$	—
EXERCISABLE AT DECEMBER 31, 2014	—		$	—	—	$	—

The aggregate intrinsic value of stock options exercised during 2014, 2013, and 2012 was $3.4 million, $2.9 million and $16.5 million, respectively. Cash received from option exercises was $2.4 million, $2.4 million and $24.8 million for 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details

Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

The Company computes earnings per share using the two-class method, which is an earnings allocation formula that determines earnings per share for common stock and participating securities. Restricted stock granted by the Company is considered a participating security since it contains a non-forfeitable right to dividends.

The following table sets forth the computation of earnings per share for the three years ended December 31 (in millions, except per share amounts):



	2014		2013		2012
Numerator:
Net income attributable to Hubbell	$	325.3	$	326.5	$	299.7
Less: Earnings allocated to participating securities	0.9		1.0		1.0
Net income available to common shareholders	$	324.4	$	325.5	$	298.7
Denominator:
Average number of common shares outstanding	58.8		59.1		59.1
Potential dilutive shares	0.4		0.5		0.7
Average number of diluted shares outstanding	59.2		59.6		59.8
Earnings per share:
Basic	$	5.51	$	5.51	$	5.05
Diluted	$	5.48	$	5.47	$	5.00

The Company did not have any significant anti-dilutive securities in 2014, 2013 or 2012. In December 2014, the Company granted 28,871 performance shares that are subject to a performance condition. Those shares are excluded from the calculation of 2014 diluted earnings per share because all necessary performance conditions have not been satisfied at the end of the reporting period. Refer to Note 17 - Stock-Based Compensation for further information about those awards.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

A summary of the changes in Accumulated other comprehensive loss (net of tax) for the three years ended December 31, 2014 is provided below (in millions):



	Cash Flow Hedge (loss)			Unrealized Gain (loss) on Available-for-			Pension and Post Retirement Benefit Plan			Cumulative Translation
(Debit) credit	Gain			Sale Securities			Adjustment			Adjustment			Total
BALANCE AT DECEMBER 31, 2011	$	(0.2	)	$	1.0		$	(153.7	)	$	2.5		$	(150.4	)
Other comprehensive income (loss) before Reclassifications	(0.4		)	(0.3		)	13.0			8.3			20.6
Amounts reclassified from accumulated other comprehensive loss	0.1			—			10.6			—			10.7
Current period other comprehensive income (loss)	(0.3		)	(0.3		)	23.6			8.3			31.3
BALANCE AT DECEMBER 31, 2012	$	(0.5	)	$	0.7		$	(130.1	)	$	10.8		$	(119.1	)
Other comprehensive income (loss) before Reclassifications	0.6			(0.3		)	54.8			(15.0		)	40.1
Amounts reclassified from accumulated other comprehensive loss	(0.3		)	—			8.3			—			8.0
Current period other comprehensive income (loss)	0.3			(0.3		)	63.1			(15.0		)	48.1
BALANCE AT DECEMBER 31, 2013	$	(0.2	)	$	0.4		$	(67.0	)	$	(4.2	)	$	(71.0	)
Other comprehensive income (loss) before Reclassifications	0.9			(0.1		)	(59.8		)	(35.7		)	(94.7		)
Amounts reclassified from accumulated other comprehensive loss	(0.7		)	—			2.1			—			1.4
Current period other comprehensive income (loss)	0.2			(0.1		)	(57.7		)	(35.7		)	(93.3		)
BALANCE AT DECEMBER 31, 2014	$	—		$	0.3		$	(124.7	)	$	(39.9	)	$	(164.3	)

A summary of the gain (loss) reclassifications out of Accumulated other comprehensive loss for the two years ended December 31 is provided below (in millions):



Details about Accumulated Other Comprehensive Loss Components	2014				2013				Location of Gain (Loss) Reclassified into Income
Cash flow hedges gain (loss):
Forward exchange contracts	$	1.0			$	0.4			Cost of goods sold
	1.0				0.4				Total before tax
	(0.3		)		(0.1		)		Tax (expense) benefit
	$	0.7			$	0.3			Gain (loss) net of tax
Amortization of defined benefit pension and post retirement benefit items:
Prior-service costs	$	0.8		^(a)	$	0.8		^(a)
Actuarial gains/(losses)	(3.8		)	^(a)	(13.7		)	^(a)
	(3.0		)		(12.9		)		Total before tax
	0.9				4.6				Tax benefit (expense)
	$	(2.1	)		$	(8.3	)		(Loss) gain net of tax
Losses reclassified into earnings	$	(1.4	)		$	(8.0	)		(Loss) gain net of tax


(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 10 - Retirement Benefits for additional details).

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 11

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-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 14

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

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-Name Accounting Standards Codification

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-Publisher FASB

-Name Accounting Standards Codification

-Glossary Reclassification Adjustments

-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Industry Segments and Geographic Area Information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Industry Segments and Geographic Area Information

Nature of Operations

Hubbell Incorporated was founded as a proprietorship in 1888, and was incorporated in Connecticut in 1905. Hubbell designs, manufactures and sells quality electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications. Products are either sourced complete, manufactured or assembled by subsidiaries in the United States, Canada, Switzerland, Puerto Rico, China, Mexico, Italy, the UK, Brazil and Australia. Hubbell also participates in joint ventures in Taiwan and Hong Kong, and maintains offices in Singapore, China, India, Mexico, South Korea and countries in the Middle East.

The Company’s reporting segments consist of the Electrical segment (comprised of electrical systems products and lighting products), and the Power segment, as described below.

The Electrical segment is comprised of businesses that sell stock and custom products including standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, and other electrical equipment. The products are typically used in and around industrial, commercial and institutional facilities by electrical contractors, maintenance personnel, electricians, and telecommunications companies. In addition, certain businesses design and manufacture a variety of high voltage test and measurement equipment, industrial controls and communication systems used in the non-residential and industrial markets. Many of these products are designed such that they can also be used in harsh and hazardous locations where a potential for fire and explosion exists due to the presence of flammable gasses and vapors. Harsh and hazardous products are primarily used in the oil and gas (onshore and offshore) and mining industries. There are also a variety of lighting fixtures, wiring devices and electrical products that have residential and utility applications. These products are primarily sold through electrical and industrial distributors, home centers, some retail and hardware outlets, lighting showrooms and residential product oriented internet sites. Special application products are sold primarily through wholesale distributors to contractors, industrial customers and OEMs. High voltage products are also sold direct to customers through our sales engineers.

The Power segment consists of operations that design and manufacture various distribution, transmission, substation and telecommunications products primarily used by the electrical utility industry. In addition, certain of these products are used in the civil construction and transportation industries. Products are sold to distributors and directly to users such as electric utilities, telecommunication companies, mining operations, industrial firms, construction and engineering firms.

Financial Information

Financial information by industry segment, product class and geographic area for the three years ended December 31, 2014, is summarized below (in millions). When reading the data the following items should be noted:


•	Net sales comprise sales to unaffiliated customers — inter-segment and inter-area sales are not significant.


•	Segment operating income consists of net sales less operating expenses, including total corporate expenses, which are generally allocated to each segment on the basis of the segment’s percentage of consolidated net sales. Interest expense and investment income and other expense, net have not been allocated to segments as these items are centrally managed by the Company.


•	General corporate assets not allocated to segments are principally cash, prepaid pensions, investments and deferred taxes. These assets have not been allocated as they are centrally managed by the Company.

INDUSTRY SEGMENT DATA



	2014			2013			2012
Net Sales:
Electrical	$	2,398.2		$	2,262.6		$	2,114.6
Power	961.2			921.3			929.8
TOTAL NET SALES	$	3,359.4		$	3,183.9		$	3,044.4
Operating Income:
Electrical	$	337.9		$	341.1		$	303.7
Power	179.5			166.5			168.1
Operating Income	$	517.4		$	507.6		$	471.8
Interest expense	(31.2		)	(30.8		)	(30.8		)
Investment income and other expense, net	(0.7		)	(3.0		)	0.8
INCOME BEFORE INCOME TAXES	$	485.5		$	473.8		$	441.8
Assets:
Electrical	$	1,963.0		$	1,813.8		$	1,659.2
Power	832.0			707.0			710.4
General Corporate	527.8			666.4			577.4
TOTAL ASSETS	$	3,322.8		$	3,187.2		$	2,947.0
Capital Expenditures:
Electrical	$	35.1		$	32.4		$	27.1
Power	21.8			25.0			20.4
General Corporate	3.4			1.4			1.6
TOTAL CAPITAL EXPENDITURES	$	60.3		$	58.8		$	49.1
Depreciation and Amortization:
Electrical	$	53.4		$	48.0		$	45.8
Power	25.8			22.6			21.0
TOTAL DEPRECIATION AND AMORTIZATION	$	79.2		$	70.6		$	66.8

PRODUCT CLASS DATA



	2014		2013		2012
Net Sales:
Electrical Systems	$	1,538.7	$	1,466.4	$	1,376.1
Lighting	859.5		796.2		738.5
Power	961.2		921.3		929.8
TOTAL NET SALES	$	3,359.4	$	3,183.9	$	3,044.4

GEOGRAPHIC AREA DATA



	2014		2013		2012
Net Sales:
United States	$	2,883.8	$	2,687.6	$	2,541.6
International	475.6		496.3		502.8
TOTAL NET SALES	$	3,359.4	$	3,183.9	$	3,044.4
Operating Income:
United States	$	447.2	$	417.5	$	383.8
International	70.2		90.1		88.0
TOTAL OPERATING INCOME	$	517.4	$	507.6	$	471.8
Long-lived Assets:
United States	$	1,492.5	$	1,341.4	$	1,225.4
International	199.7		212.3		227.0
TOTAL LONG-LIVED ASSETS	$	1,692.2	$	1,553.7	$	1,452.4

On a geographic basis, the Company defines “international” as operations based outside of the United States and its possessions. As a percentage of total net sales, shipments from foreign operations directly to third parties were 14% in 2014, 16% in 2013 and 17% in 2012, with the Canadian and UK operations representing approximately 31% and 26%, respectively, of 2014 total international net sales. Switzerland, Brazil and Mexico each represent 10% of 2014 total international sales. Long-lived assets, excluding deferred tax assets, of international subsidiaries were 12% of the consolidated total in 2014, 14% in 2013 and 16% in 2012, with the UK, Mexico and Canada operations representing approximately 28%, 20%, and 18%, respectively, of the 2014 international total. Export sales from United States operations were $234.5 million in 2014, $213.0 million in 2013 and $243.9 million in 2012.

Guarantees

12 Months Ended

Dec. 31, 2014

Standard Product Warranty Disclosure [Abstract]

Guarantees

The Company records a liability equal to the fair value of guarantees in the Consolidated Balance Sheet in accordance with the accounting guidance for guarantees. When it is probable that a liability has been incurred and the amount can be reasonably estimated, the Company accrues for costs associated with guarantees. The most likely costs to be incurred are accrued based on an evaluation of currently available facts and, where no amount within a range of estimates is more likely, the minimum is accrued.

As of December 31, 2014, the fair value and maximum potential payment related to the Company’s guarantees were not material.

The Company offers product warranties which cover defects on most of its products. These warranties primarily apply to products that are properly installed, maintained and used for their intended purpose. The Company accrues estimated

warranty costs at the time of sale. Estimated warranty expenses, recorded in cost of goods sold, are based upon historical information such as past experience, product failure rates, or the estimated number of units to be repaired or replaced. Adjustments are made to the product warranty accrual as claims are incurred, additional information becomes known or as historical experience indicates.

Changes in the accrual for product warranties in 2014 are set forth below (in millions):



BALANCE AT DECEMBER 31, 2013	$	6.6
Provision	18.3
Expenditures/other	(11.2		)
BALANCE AT DECEMBER 31, 2014	$	13.7

Subsequent Event (Notes)

12 Months Ended

Dec. 31, 2014

Subsequent Events [Abstract]

Subsequent Event

Subsequent Events

In January 2015 the Company completed the following acquisitions for an aggregate cash purchase price of approximately $126 million.

On January 21, 2015, the Company acquired the majority of the net assets of the Acme Electric business division of Power Products, LLC and all of the outstanding common stock of Acme Electric de Mexico S. de R.L. de C.V. and Acme Electric Manufacturing de Mexico S. de R.L. de C.V. (collectively "Acme") for approximately $67 million. Acme is a market leader in power conditioning equipment for use in industrial, commercial, and OEM applications and will be reported in the Electrical segment.

On January 21, 2015, the Company acquired the majority of net assets of the Turner Electric business division of Power Products, LLC ("Turner") constituting the transmission and substation switching business for approximately $38 million. Turner is a leading manufacturer of high voltage, air insulated

disconnect switches for electric substations and transmission lines and a leader in key switch accessories.Turner will be reported in the Power segment.

On January 20, 2015, the Company acquired all of the membership interests of the Electric Controller and Manufacturing Company, LLC ("EC&M") for approximately $21 million. EC&M designs and manufactures crane control products used in a wide range of heavy industry markets and is a premium brand and recognized leader in those markets. EC&M will be reported in the Electrical segment.

These acquisitions will be accounted for as business combinations whereby purchase accounting requires the assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date and goodwill and other intangible assets associated with tradenames and customer lists, among others, to be recognized. The preliminary purchase accounting for the acquisitions is not yet complete.

Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

The table below sets forth summarized quarterly financial data for the years ended December 31, 2014 and 2013 (in millions, except per share amounts):



	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2014
Net Sales	$	759.5	$	855.8	$	895.3	$	848.8
Gross Profit	$	245.0	$	292.5	$	296.2	$	275.3
Net Income	$	65.3	$	90.8	$	90.5	$	80.6
Net Income attributable to Hubbell	$	64.2	$	90.2	$	89.6	$	81.3
Earnings Per Share — Basic	$	1.08	$	1.53	$	1.52	$	1.39
Earnings Per Share — Diluted	$	1.08	$	1.51	$	1.51	$	1.38
2013
Net Sales	$	740.1	$	801.3	$	835.9	$	806.6
Gross Profit	$	236.3	$	272.0	$	291.3	$	270.9
Net Income	$	66.8	$	83.0	$	97.2	$	82.8
Net Income attributable to Hubbell	$	65.9	$	82.1	$	96.5	$	82.0
Earnings Per Share — Basic	$	1.11	$	1.38	$	1.63	$	1.39
Earnings Per Share — Diluted	$	1.10	$	1.37	$	1.62	$	1.38

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

Valuation and Qualifying Accounts and Reserves

12 Months Ended

Dec. 31, 2014

Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts and Reserves

Valuation and Qualifying Accounts and Reserves for the Years Ended December 31, 2012, 2013 and 2014

Reserves deducted in the balance sheet from the assets to which they apply (in millions):



	Balance at Beginning of Year		Additions / (Reversals) Charged to Costs and Expenses			Deductions			Acquisitions		Balance at End of Year
Allowances for doubtful accounts receivable:
Year 2012	$	3.0	$	1.4		$	(1.2	)	$	—	$	3.2
Year 2013	$	3.2	$	(0.2	)	$	(0.9	)	$	—	$	2.1
Year 2014	$	2.1	$	1.6		$	(0.3	)	$	—	$	3.4
Allowance for credit memos, returns and cash discounts:
Year 2012	$	22.8	$	192.5		$	(192.4	)	$	—	$	22.9
Year 2013	$	22.9	$	208.0		$	(199.3	)	$	—	$	31.6
Year 2014	$	31.6	$	222.4		$	(217.3	)	$	—	$	36.7
Valuation allowance on deferred tax assets:
Year 2012	$	19.7	$	6.4		$	—		$	—	$	26.1
Year 2013	$	26.1	$	2.6		$	(0.2	)	$	—	$	28.5
Year 2014	$	28.5	$	4.5		$	—		$	1.3	$	34.3

Significant Policies (Policies)	12 Months Ended
Significant Policies (Policies)	Dec. 31, 2014
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The Consolidated Financial Statements include all wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated. The Company participates in two joint ventures, one of which is accounted for using the equity method, the other has been consolidated in accordance with the consolidation accounting guidance. An analysis is performed to determine which reporting entity, if any, has a controlling financial interest in a variable interest entity (“VIE”) with a primarily qualitative analysis. The qualitative analysis is based on identifying the party that has both the power to direct the activities that most significantly impact the VIE’s economic performance (the “power criterion”) and the obligation to absorb losses from or the right to receive benefits of the VIE that could potentially be significant to the VIE (the “losses/benefit criterion”). The party that meets both these criteria is deemed to have a controlling financial interest. The party with the controlling financial interest is considered to be the primary beneficiary and as a result is required to consolidate the VIE. The Company has a 50% interest in a joint venture in Hong Kong, established as Hubbell Asia Limited (“HAL”). The principal objective of HAL is to manage the operations of its wholly-owned manufacturing company in China. Under the accounting guidance, the Company is the primary beneficiary of HAL and as a result consolidates HAL. This determination is based on the fact that HAL’s sole business purpose is to manufacture product exclusively for the Company (the power criterion) and the Company is financially responsible for ensuring HAL maintains a fixed operating margin (the losses/benefit criterion). The consolidation of HAL is not material to the Company’s consolidated financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts in the Consolidated Financial Statements and accompanying Notes to Consolidated Financial Statements. Actual results could differ from the estimates that are used.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the price is fixed and determinable and collection is probable. Product is considered delivered to the customer once it has been shipped and title and risk of loss have been transferred. The majority of the Company’s revenue is recognized at the time of shipment. The Company recognizes less than one percent of total annual consolidated net revenue from post shipment obligations and service contracts, primarily within the Electrical segment. Revenue is recognized under these contracts when the service is completed and all conditions of sale have been met. In addition, within the Electrical segment, certain businesses sell large and complex equipment which requires construction and assembly and occasionally has long lead times. It is customary in these businesses to require a portion of the selling price to be paid in advance of construction. These payments are treated as deferred revenue and are classified in Other accrued liabilities in the Consolidated Balance Sheet. Once the equipment is shipped to the customer and meets the revenue recognition criteria, the deferred revenue is recognized in the Consolidated Statement of Income. Further, certain of our businesses provide for sales discounts and allowances based on sales volumes, specific programs and customer deductions, as is customary in the electrical products industry. These items primarily relate to sales volume incentives, special pricing allowances, and returned goods. Sales volume incentives represent rebates with specific sales volume targets for specific customers. Certain distributors qualify for price rebates by subsequently reselling the Company’s products into select channels of end users. Following a distributor’s sale of an eligible product, the distributor submits a claim for a price rebate. Customers also have a right to return goods under certain circumstances which are reasonably estimable by affected businesses. Customer returns have historically ranged from 1%-3% of gross sales. These arrangements require us to estimate at the time of sale the amounts that should not be recorded as revenue as these amounts are not expected to be collected from customers. The Company principally relies on historical experience, specific customer agreements and anticipated future trends to estimate these amounts at the time of shipment.
Shipping and Handling Fees and Costs	Shipping and Handling Fees and Costs The Company records shipping and handling costs as part of Cost of goods sold in the Consolidated Statement of Income. Any amounts billed to customers for reimbursement of shipping and handling are included in Net sales in the Consolidated Statement of Income.
Foreign Currency Translation	Foreign Currency Translation The assets and liabilities of international subsidiaries are translated to U.S. dollars at exchange rates in effect at the end of the year, and income and expense items are translated at average exchange rates in effect during the year. The effects of exchange rate fluctuations on the translated amounts of foreign currency assets and liabilities are included as translation adjustments in Accumulated other comprehensive loss within Hubbell shareholders’ equity. Gains and losses from foreign currency transactions are included in results of operations.
Cash and Cash Equivalents	Cash and Cash Equivalents The carrying value of cash equivalents approximates fair value. Cash equivalents consist of highly liquid investments with original maturities to the company of three months or less.
Investments	Investments Investments in debt and equity securities are classified by individual security as available-for-sale, held-to-maturity or trading investments. Our available-for-sale investments, consisting of municipal bonds, are carried on the balance sheet at fair value with current period adjustments to carrying value recorded in Accumulated other comprehensive loss within Hubbell shareholders’ equity, net of tax. Realized gains and losses are recorded in income in the period of sale. The Company’s trading investments are carried on the balance sheet at fair value and consist primarily of debt and equity mutual funds. Gains and losses associated with these trading investments are reflected in the results of operations. The Company did not have any investments classified as held-to-maturity as of December 31, 2014 and 2013.
Accounts Receivable and Allowances	Accounts Receivable and Allowances Trade accounts receivable are recorded at the invoiced amount and generally do not bear interest. The allowance for doubtful accounts is based on an estimated amount of probable credit losses in existing accounts receivable. The allowance is calculated based upon a combination of historical write-off experience, fixed percentages applied to aging categories and specific identification based upon a review of past due balances and problem accounts. Account balances are charged off against the allowance when it is determined that internal collection efforts should no longer be pursued. The Company also maintains a reserve for credit memos, cash discounts and product returns which are principally calculated based upon historical experience, specific customer agreements, as well as anticipated future trends.
Inventories	Inventories Inventories are stated at the lower of cost or market value. Approximately 74% of total net inventory value is determined utilizing the last-in, first-out (LIFO) method of inventory accounting. The cost of foreign inventories and certain domestic inventories is determined utilizing average cost or first-in, first-out (FIFO) methods of inventory accounting. Reserves for excess and obsolete inventory are provided based on current assessments about future demand compared to on-hand quantities.
Property, Plant and Equipment	Property, Plant, and Equipment Property, plant, and equipment values are stated at cost less accumulated depreciation. Maintenance and repair expenditures that do not significantly increase the life of an asset are charged to expense when incurred. Property, plant, and equipment placed in service prior to January 1, 1999 are depreciated over their estimated useful lives, principally using accelerated methods. Assets placed in service subsequent to January 1, 1999 are depreciated over their estimated useful lives, using straight-line methods. Leasehold improvements are amortized over the shorter of their economic lives or the lease term. Gains and losses arising on the disposal of property, plant and equipment are included in Operating income in the Consolidated Statement of Income.
Capitalized Computer Software Costs	Capitalized Computer Software Costs Capitalized computer software costs, net of amortization, were $12.7 million and $10.9 million at December 31, 2014 and 2013, respectively. This balance is reflected in Other long-term assets in the Consolidated Balance Sheet. Capitalized computer software is for internal use and costs primarily consist of purchased materials and services. Software is amortized on a straight-line basis over appropriate periods, generally five years. The Company recorded amortization expense of $4.3 million in both 2014 and 2013, and $3.5 million in 2012 relating to capitalized computer software.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents purchase price in excess of fair values of the underlying net assets of acquired companies. Indefinite-lived intangible assets and goodwill are subject to annual impairment testing using the specific guidance and criteria described in the accounting guidance. The Company performs its goodwill impairment testing as of April 1st of each year, unless circumstances dictate the need for more frequent assessments. The accounting guidance provides entities an option of performing a qualitative assessment before performing a quantitative analysis. If the entity determines, on the basis of certain qualitative factors, that it is more-likely-than-not that the goodwill is not impaired, the entity would not need to proceed to the two step goodwill impairment testing process as prescribed in the guidance. The Company elected to bypass the qualitative assessment and proceeded directly to the quantitative analysis. Step 1 compares the fair value of the Company’s reporting units to their carrying values. If the fair value of the reporting unit exceeds its carrying value, no further analysis is necessary. If the carrying value of the reporting unit exceeds its fair value, Step 2 must be completed to quantify the amount of impairment. Goodwill impairment testing requires judgment, including the identification of reporting units, assigning assets and liabilities to reporting units and determining the fair value of each reporting unit. Significant judgments required to estimate the fair value of reporting units include estimating future cash flows, determining appropriate discount rates and other assumptions. The Company uses internal discounted cash flow estimates to determine fair value. These cash flow estimates are derived from historical experience and future long-term business plans and the application of an appropriate discount rate. Changes in these estimates and assumptions could materially affect the determination of fair value and/or goodwill impairment for each reporting unit. The Company’s estimated aggregate fair value of its reporting units are reasonable when compared to the Company’s market capitalization on the valuation date. As of April 1, 2014, the impairment testing resulted in implied fair values for each reporting unit that exceeded the reporting unit’s carrying value, including goodwill. The Company did not have any reporting units at risk of failing Step 1 of the impairment test as the excess of the estimated fair value over carrying value (expressed as a percentage of carrying value) ranged from approximately 100% to approximately 400% for the respective reporting units. Additionally, the Company did not have any reporting units with zero or negative carrying amounts. The Company has not recorded any goodwill impairments since the initial adoption of the accounting guidance in 2002. The Company’s intangible assets consist primarily of patents, tradenames and customer relationships. Intangible assets with definite lives are being amortized over periods generally ranging from 5-30 years. These definite lived intangibles are tested for impairment whenever events or circumstances indicate that the carrying amount of an asset (asset group) may not be recoverable. An impairment loss is recognized when the carrying amount of an asset exceeds the estimated undiscounted cash flows used in determining the fair value of the asset. The Company did not record any impairments related to its definite lived intangible assets in 2014, 2013 or 2012. The Company also has some tradenames that are considered to be indefinite-lived intangible assets. These indefinite-lived are not amortized and are tested for impairment annually, unless circumstances dictate the need for more frequent assessment. The accounting guidance related to testing indefinite-lived intangible assets for impairment provides entities an option of performing a qualitative assessment before calculating the fair value of the asset. If the entity determines, on the basis of certain qualitative factors, that it is more-likely-than-not that the asset is not impaired, the entity would not need to calculate the fair value of the asset. The Company performed the qualitative assessment, which resulted in no impairment in 2014, 2013 or 2012 .
Other Long-Lived Assets	Other Long-Lived Assets The Company reviews depreciable long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. If such a change in circumstances occurs, the related estimated future undiscounted cash flows expected to result from the use of the asset group and its eventual disposition is compared to the carrying amount. If the sum of the expected cash flows is less than the carrying amount, an impairment charge is recorded. The impairment charge is measured as the amount by which the carrying amount exceeds the fair value of the asset. The fair value of impaired assets is determined using expected cash flow estimates, quoted market prices when available and appraisals as appropriate. The Company did not record any material impairment charges in 2014, 2013 or 2012.
Accrued Insurance	Accrued Insurance The Company retains a significant portion of the risks associated with workers’ compensation, medical, automobile and general liability insurance. The Company estimates self-insurance liabilities using a number of factors, including historical claims experience, demographic factors, severity factors and other actuarial assumptions. The accrued liabilities associated with these programs are based on the Company’s estimate of the ultimate costs to settle known claims as well as claims incurred but not reported as of the balance sheet date. The Company periodically reviews the assumptions with a third party actuary to determine the adequacy of these self-insurance reserves.
Income Taxes	Income Taxes The Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. The IRS and other tax authorities routinely review the Company’s tax returns. These audits can involve complex issues which may require an extended period of time to resolve. The Company makes adequate provisions for best estimates of exposures on previously filed tax returns. Deferred income taxes are recognized for the tax consequence of differences between financial statement carrying amounts and the tax basis of assets and liabilities by applying the currently enacted statutory tax rates in accordance with the accounting guidance for income taxes. The effect of a change in statutory tax rates is recognized in the period that includes the enactment date. Additionally, deferred tax assets are required to be reduced by a valuation allowance if it is more-likely-than-not that some portion or all of the deferred tax asset will not be realized. The Company uses factors to assess the likelihood of realization of deferred tax assets such as the forecast of future taxable income and available tax planning strategies that could be implemented to realize the deferred tax assets. In addition, the accounting guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of the tax position taken or expected to be taken in a tax return. For any amount of benefit to be recognized, it must be determined that it is more-likely-than-not that a tax position will be sustained upon examination by taxing authorities based on the technical merits of the position. The amount of benefit to be recognized is based on the Company’s assertion of the most likely outcome resulting from an examination, including resolution of any related appeals or litigation processes. Companies are required to reflect only those tax positions that are more-likely-than-not to be sustained. See also Note 12 — Income Taxes.
Research and Development	Research and Development Research and development expenditures represent costs to discover and/or apply new knowledge in developing a new product, process, or in bringing about a significant improvement to an existing product or process. Research and development expenses are recorded as a component of Cost of goods sold. Expenses for research and development were approximately 2% of Cost of goods sold for each of the years 2014, 2013 or 2012.
Retirement Benefits	Retirement Benefits The Company maintains various defined benefit pension plans for some of its U.S. and foreign employees. The accounting guidance for retirement benefits requires the Company to recognize the funded status of its defined benefit pension and postretirement plans as an asset or liability in the Consolidated Balance Sheet. Gains or losses, prior service costs or credits, and transition assets or obligations that have not yet been included in net periodic benefit cost as of the end of the year are recognized as components of Accumulated other comprehensive loss, net of tax, within Hubbell shareholders’ equity. The Company’s policy is to fund pension costs within the ranges prescribed by applicable regulations. In addition to providing defined benefit pension benefits, the Company provides health care and life insurance benefits for some of its active and retired employees. The Company’s policy is to fund these benefits through insurance premiums or as actual expenditures are made. See also Note 10 — Retirement Benefits.
Earnings Per Share	Earnings Per Share The earnings per share accounting guidance requires use of the two-class method in determining earnings per share. The two-class method is an earnings allocation formula that determines earnings per share for common stock and participating securities. Restricted stock granted by the Company is considered a participating security since it contains a non-forfeitable right to dividends. Basic earnings per share is calculated as net income available to common shareholders divided by the weighted average number of shares of common stock outstanding. Earnings per diluted share is calculated as net income available to common shareholders divided by the weighted average number of shares outstanding of common stock plus the incremental shares outstanding assuming the exercise of dilutive stock options, stock appreciation rights and performance shares. See also Note 18 — Earnings Per Share.
Stock-Based Compensation	Stock-Based Compensation The Company recognizes the grant-date fair value of all stock-based awards on a straight-line basis over their respective requisite service periods (generally equal to an award’s vesting period), except for certain restricted stock awards granted in 2013 with a performance condition, which are expensed using the graded vesting attribution method. A stock-based award is considered vested for expense attribution purposes when the retention of the award is no longer contingent on providing subsequent service. Accordingly, the Company recognizes compensation cost immediately for awards granted to retirement-eligible individuals or over the period from the grant date to the date retirement eligibility is achieved, if less than the stated vesting period. The expense is recorded in Cost of goods sold and S&A expense in the Consolidated Statement of Income based on the recipients’ respective functions within the organization. The Company records deferred tax assets for awards that will result in deductions on its tax returns, based upon the amount of compensation cost recognized and the statutory tax rate in the jurisdiction in which it will receive a deduction. Differences between the deferred tax assets recognized for financial reporting purposes and the actual tax deduction reported in the Company’s tax return are recorded to Additional paid-in capital to the extent that previously recognized credits to paid-in capital are still available. See also Note 17 — Stock-Based Compensation.
Derivatives	Derivatives In order to limit financial risk in the management of its assets, liabilities and debt, the Company may use derivative financial instruments such as foreign currency hedges, commodity hedges, interest rate hedges and interest rate swaps. All derivative financial instruments are matched with an existing Company asset, liability or proposed transaction. The Company does not speculate or use leverage when trading a derivative product. Market value gains or losses on the derivative financial instrument are recognized in income when the effects of the related price changes of the underlying asset or liability are recognized in income. See Note 14 – Fair Value Measurement for more information regarding our derivative instruments.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2015, the Financial Accounting Standards Board ("FASB") issued new guidance to eliminate the concept of extraordinary items as part of its initiative to reduce complexity in accounting standards. The guidance is effective for annual and interim periods beginning after December 2015 and may be applied prospectively or retrospectively. The Company does not expect adoption of this standard will have a material impact on its financial statements. In November 2014, the FASB issued new guidance to clarify how current GAAP should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. The guidance is effective for annual and interim periods beginning after December 15, 2015, with early adoption permitted. The Company does not expect adoption of this standard will have a material impact on its financial statements. In August 2014, the FASB issued new guidance requiring an entity’s management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern and if those conditions exist, the required disclosures. The guidance is effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. The Company does not expect adoption of this standard will have a material impact on its financial statements. In June 2014, the FASB issued new guidance to resolve diverse accounting treatment for share based awards in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. The guidance is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015 and may be applied prospectively or retrospectively. The Company does not expect adoption of this standard will have a material impact on its financial statements. In May 2014, the FASB issued new revenue recognition guidance that supersedes the existing revenue recognition guidance and most industry-specific guidance applicable to revenue recognition. According to the new guidance an entity will apply a principles-based five step model to recognize revenue upon the transfer of promised goods or services to customers and in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. The guidance is effective for annual periods beginning after December 15, 2016, including interim periods within that reporting period and early application is not permitted. The Company is currently assessing the impact of adopting this standard on its financial statements. In April 2014, the FASB issued new guidance changing the criteria for determining which disposals of components of an entity can be presented as discontinued operations and modifying the related disclosure requirements. The guidance applies prospectively to new disposals and new classifications of assets as held for sale after the effective date and is effective for annual and interim periods beginning after December 15, 2014, with early adoption permitted. The Company does not expect adoption of this standard will have a material impact on its financial statements. In July 2013, the FASB amended its guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carry-forward, similar tax loss, or a tax credit carry-forward exists. This amendment was adopted by the Company effective January 1, 2014 and did not have a material impact on its financial statements.

Receivables and Allowances (Table)

12 Months Ended

Dec. 31, 2014

Accounts, Notes, Loans and Financing Receivable, Net, Current [Abstract]

Schedule of Components of Receivables and Allowances

Receivables consist of the following components at December 31, (in millions):



	2014			2013
Trade accounts receivable	$	494.0		$	461.1
Non-trade receivables	15.9			13.5
Accounts receivable, gross	509.9			474.6
Allowance for credit memos, returns and cash discounts	(36.7		)	(31.6		)
Allowance for doubtful accounts	(3.4		)	(2.1		)
Total allowances	(40.1		)	(33.7		)
ACCOUNTS RECEIVABLE, NET	$	469.8		$	440.9

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amounts of goodwill for the years ended December 31, 2014 and 2013, by segment, were as follows (in millions):



	Segment
	Electrical			Power			Total
BALANCE AT DECEMBER 31, 2012	$	474.6		$	280.9		$	755.5
Current year acquisitions	49.6			—			49.6
Foreign currency translation and prior year acquisitions	(3.3		)	(1.4		)	(4.7		)
BALANCE AT DECEMBER 31, 2013	$	520.9		$	279.5		$	800.4
Current year acquisitions	53.5			27.4			80.9
Foreign currency translation and prior year acquisitions	(5.5		)	(1.1		)	(6.6		)
BALANCE AT DECEMBER 31, 2014	$	568.9		$	305.8		$	874.7

Schedule of Identifiable Intangible Assets

Identifiable intangible assets are recorded in Intangible assets, net in the Consolidated Balance Sheet. Identifiable intangible assets are comprised of the following (in millions):



	December 31, 2014					December 31, 2013
	Gross Amount		Accumulated Amortization			Gross Amount		Accumulated Amortization
Definite-lived:
Patents, tradenames and trademarks	$	125.1	$	(32.5	)	$	111.2	$	(27.7	)
Customer/agent relationships and other	263.0		(87.8		)	222.2		(75.0		)
TOTAL DEFINITE-LIVED INTANGIBLES	388.1		(120.3		)	333.4		(102.7		)
Indefinite-lived:
Tradenames and other	55.0		—			55.9		—
TOTAL INTANGIBLE ASSETS	$	443.1	$	(120.3	)	$	389.3	$	(102.7	)

Investment (Table)

12 Months Ended

Dec. 31, 2014

Investments [Abstract]

Schedule of Investments, Amortized Cost Basis

The following table sets forth selected data with respect to the Company’s investments at December 31, (in millions):



	2014											2013
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Carrying Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Carrying Value
Available-for-sale investments	$	42.5	$	0.6	$	(0.1	)	$	43.0	$	43.0	$	38.0	$	0.6	$	—	$	38.6	$	38.6
Trading investments	6.6		2.3		—			8.9		8.9		5.4		1.9		—		7.3		7.3
TOTAL INVESTMENTS	$	49.1	$	2.9	$	(0.1	)	$	51.9	$	51.9	$	43.4	$	2.5	$	—	$	45.9	$	45.9

Schedule of Contractual Maturities of Available-For-Sale Investments

Contractual maturities of available-for-sale investments at December 31, 2014 were as follows (in millions):



	Amortized Cost		Fair Value
Available-for-sale investments
Due within 1 year	$	7.7	$	7.8
After 1 year but within 5 years	26.9		27.4
After 5 years but within 10 years	7.9		7.8
Due after 10 years	—		—
TOTAL	$	42.5	$	43.0

Property, Plant and Equipment (Table)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant, and Equipment

Property, plant, and equipment, carried at cost, is summarized as follows at December 31, (in millions):



	2014			2013
Land	$	43.1		$	44.4
Buildings and improvements	252.8			243.6
Machinery, tools, and equipment	740.7			692.8
Construction-in-progress	20.8			24.1
Gross property, plant, and equipment	1,057.4			1,004.9
Less accumulated depreciation	(656.2		)	(627.8		)
NET PROPERTY, PLANT, AND EQUIPMENT	$	401.2		$	377.1

Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2014

Pension and Other Postretirement Benefit Expense [Abstract]

Schedule of Changes in Benefit Obligation and the Plan Assets



	Pension Benefits						Other Benefits
	2014			2013			2014			2013
Change in benefit obligation
Benefit obligation at beginning of year	$	828.2		$	879.5		$	28.1		$	30.4
Service cost	15.1			16.7			0.1			—
Interest cost	40.9			36.5			1.1			1.1
Plan participants’ contributions	0.7			0.7			—			—
Amendments	—			0.4			—			—
Actuarial loss (gain)	135.1			(69.2		)	1.6			(1.4		)
Currency impact	(6.0		)	0.3			—			—
Other	(0.6		)	(0.5		)	(2.2		)	(0.1		)
Benefits paid	(37.1		)	(36.2		)	(2.0		)	(1.9		)
Benefit obligation at end of year	$	976.3		$	828.2		$	26.7		$	28.1
Change in plan assets
Fair value of plan assets at beginning of year	$	764.0		$	726.3		$	—		$	—
Actual return on plan assets	87.1			64.8			—			—
Employer contributions	27.6			8.0			—			—
Plan participants’ contributions	0.7			0.7			—			—
Currency impact	(6.6		)	0.4			—			—
Benefits paid	(37.1		)	(36.2		)	—			—
Fair value of plan assets at end of year	$	835.7		$	764.0		$	—		$	—
FUNDED STATUS	$	(140.6	)	$	(64.2	)	$	(26.7	)	$	(28.1	)
Amounts recognized in the consolidated balance sheet consist of:
Prepaid pensions (included in Other long-term assets)	$	1.0		$	18.7		$	—		$	—
Accrued benefit liability (short-term and long-term)	(141.6		)	(82.9		)	(26.7		)	(28.1		)
NET AMOUNT RECOGNIZED IN THE CONSOLIDATED BALANCE SHEET	$	(140.6	)	$	(64.2	)	$	(26.7	)	$	(28.1	)
Amounts recognized in Accumulated other comprehensive loss (income) consist of:
Net actuarial loss	$	196.4		$	107.2		$	0.7		$	(0.9	)
Prior service cost (credit)	0.8			1.0			(5.2		)	(6.2		)
NET AMOUNT RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE LOSS	$	197.2		$	108.2		$	(4.5	)	$	(7.1	)

Summary of Accumulated Benefit Obligations in Excess of Plan Assets

Information with respect to plans with accumulated benefit obligations in excess of plan assets is as follows, (in millions):



	2014		2013
Projected benefit obligation	$	266.5	$	77.2
Accumulated benefit obligation	$	261.1	$	74.5
Fair value of plan assets	$	168.9	$	—

Schedule of the Components of Pension and Other Benefit Costs

The following table sets forth the components of pension and other benefit costs for the years ended December 31, (in millions):



	Pension Benefits									Other Benefits
	2014			2013			2012			2014			2013			2012
Components of net periodic benefit cost:
Service cost	$	15.1		$	16.7		$	16.0		$	0.1		$	—		$	—
Interest cost	40.9			36.5			36.5			1.1			1.1			1.3
Expected return on plan assets	(45.2		)	(46.7		)	(39.9		)	—			—			—
Amortization of prior service cost (credit)	0.2			0.2			0.2			(1.0		)	(1.0		)	(1.0		)
Amortization of actuarial losses (gains)	3.9			13.8			17.4			(0.1		)	(0.1		)	—
Other	—			—			—			(2.2		)	—			—
Curtailment and settlement losses (gains)	—			—			—			—			—			—
Net periodic benefit cost (credit)	$	14.9		$	20.5		$	30.2		$	(2.1	)	$	—		$	0.3
Changes recognized in other comprehensive loss (income), before tax:
Current year net actuarial loss (gain)	$	93.1		$	(87.8	)	$	(19.1	)	$	1.5		$	(1.4	)	$	(2.5	)
Current year prior service credit	—			0.4			—			—			—			—
Amortization of prior service (cost) credit	(0.2		)	(0.2		)	(0.2		)	1.0			1.0			1.0
Amortization of net actuarial (losses) gains	(3.9		)	(13.8		)	(17.4		)	0.1			0.1			—
Currency impact	—			(0.1		)	(0.2		)	—			—			—
Other adjustments	—			—			0.3			—			—			0.3
Total recognized in other comprehensive loss (income)	89.0			(101.5		)	(36.6		)	2.6			(0.3		)	(1.2		)
TOTAL RECOGNIZED IN NET PERIODIC PENSION COST AND OTHER COMPREHENSIVE LOSS (INCOME)	$	103.9		$	(81.0	)	$	(6.4	)	$	0.5		$	(0.3	)	$	(0.9	)
Amortization expected to be recognized through income during 2015
Amortization of prior service cost (credit)	$	0.2								$	(1.0	)
Amortization of net loss (gain)	11.9									(0.1		)
TOTAL EXPECTED TO BE RECOGNIZED THROUGH INCOME DURING NEXT FISCAL YEAR	$	12.1								$	(1.1	)

Schedule Of Assumptions Used to Determine the Projected Benefit Obligation

The following assumptions were used to determine the projected benefit obligations at the measurement date and the net periodic benefit cost for the year:



	Pension Benefits						Other Benefits
	2014		2013		2012		2014		2013		2012
Weighted-average assumptions used to determine benefit obligations at December 31,
Discount rate	4.23	%	5.04	%	4.22	%	4.10	%	4.60	%	4.20	%
Rate of compensation increase	3.15	%	3.18	%	3.11	%	3.00	%	3.00	%	3.00	%
Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31,
Discount rate	5.04	%	4.22	%	4.42	%	4.60	%	4.20	%	4.40	%
Expected return on plan assets	6.06	%	6.70	%	6.50	%	N/A		N/A		N/A
Rate of compensation increase	3.18	%	3.11	%	3.53	%	4.50	%	3.00	%	3.50	%

Schedule of Health Care Cost Trend Rates

The assumed health care cost trend rates used to determine the projected postretirement benefit obligation are as follows:



	Other Benefits
	2014		2013		2012
Assumed health care cost trend rates at December 31,
Health care cost trend assumed for next year	6.5	%	6.6	%	6.9	%
Rate to which the cost trend is assumed to decline	5.0	%	5.0	%	5.0	%
Year that the rate reaches the ultimate trend rate	2028		2028		2028

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

A one-percentage-point change in assumed health care cost trend rates would have the following effects (in millions):



	One Percentage Point Increase		One Percentage Point Decrease
Effect on total of service and interest cost	$	0.1	$	(0.1	)
Effect on postretirement benefit obligation	$	1.5	$	(1.5	)

Schedule of Allocation of Plan Assets



	Percentage of Plan Assets
	Target		Actual
Asset Category	2015		2014		2013
Equity securities	37	%	30	%	40	%
Debt securities & Cash	37	%	48	%	43	%
Alternative Investments	26	%	22	%	17	%
TOTAL	100	%	100	%	100	%

The fair value of the Company’s pension plan assets at December 31, 2014 and 2013, by asset category are as follows (in millions):



				Quoted Prices in Active Markets for Identical Assets			Quoted Prices in Active Market for Similar Asset		Significant Unobservable Inputs
Asset Category	Total			(Level 1)			(Level 2)		(Level 3)
Cash and cash equivalents	$	26.2		$	26.2		$	—	$	—
Equity securities:
US Large-cap ^(a)	35.1			35.1			—		—
US Mid-cap and Small-cap Growth ^(b)	41.5			41.5			—		—
International Large-cap	23.4			23.4			—		—
Emerging Markets ^(c)	11.3			11.3			—		—
Fixed Income Securities:
US Treasuries	57.7			—			57.7		—
Corporate Bonds^(d)	214.1			—			214.1		—
Asset Backed Securities and Other	87.9			0.4			87.5		—
Derivatives:
Assets ^(e)	150.1			149.1			1.0		—
(Liabilities) ^(e)	(15.9		)	(15.9		)	—		—
Alternative Investment Funds ^(f)	188.2			110.1			—		78.1
Common Pooled Fund ^(g)	16.1			—			16.1		—
BALANCE AT DECEMBER 31, 2014	$	835.7		$	381.2		$	376.4	$	78.1



				Quoted Prices in Active Markets for Identical			Quoted Prices in Active Market for Similar Asset		Significant Unobservable Inputs
Asset Category	Total			Assets (Level 1)			(Level 2)		(Level 3)
Cash and cash equivalents	$	23.9		$	23.9		$	—	$	—
Equity securities:
US Large-cap ^(a)	75.7			75.7			—		—
US Mid-cap and Small-cap Growth^(b)	42.0			42.0			—		—
International Large-cap	80.7			80.7			—		—
Emerging Markets ^(c)	28.3			28.3			—		—
Fixed Income Securities:
US Treasuries	59.6			—			59.6		—
Corporate Bonds ^(d)	120.7			—			120.7		—
Asset Backed Securities and Other	91.8			1.1			90.7		—
Derivatives:
Assets ^(e)	97.5			97.5			—		—
(Liabilities) ^(e)	(37.2		)	(37.2		)	—		—
Alternative Investment Funds ^(f)	165.6			33.3			—		132.3
Common Pooled Funds ^(g)	15.4			—			15.4		—
BALANCE AT DECEMBER 31, 2013	$	764.0		$	345.3		$	286.4	$	132.3


(a)	Includes an actively managed portfolio of large-cap US stocks.


(b)	Includes $37.6 million and $35.0 million of the Company’s common stock at December 31, 2014 and 2013, respectively, and an investment in a small cap open ended mutual fund.


(c)	Includes open ended emerging markets mutual funds.


(d)	Includes primarily investment grade bonds of U.S. issuers from diverse industries.


(e)	Includes primarily large-cap U.S. and foreign equity futures as well as short positions on U.S. Treasuries to adjust the duration of the portfolio.


(f)	Includes investments in hedge funds, including fund of funds products and open end mutual funds


(g)	Investments in Common Pooled Funds, consisting of equities and fixed income securities. The fair value of the Common Pooled Funds has been calculated using the Funds Net Asset Value per share of the underlying investments.

Schedule Of Change In Plan Assets Fair Value



	Alternative
	Investment Funds
BALANCE AT December 31, 2012	$	126.2
Actual return on plan assets:
Relating to assets still held at the reporting date	9.0
Relating to assets sold during the period	0.2
Purchases, sales and settlements, net	(3.1		)
Transfers in and/or out of Level 3	—
BALANCE AT December 31, 2013	$	132.3
Actual return on plan assets:
Relating to assets still held at the reporting date	4.1
Relating to assets sold during the period	0.6
Purchases, sales and settlements, net	(58.9		)
Transfers in and/or out of Level 3	—
BALANCE AT December 31, 2014	$	78.1

Schedule of Expected Benefit Payments

The following domestic and foreign benefit payments, which reflect future service, as appropriate, are expected to be paid as follows, (in millions):



	Pension Benefits		Other Benefits
2015	$	38.8	$	2.3
2016	$	40.6	$	2.3
2017	$	42.5	$	2.2
2018	$	44.7	$	2.1
2019	$	46.8	$	2.1
2020-2024	$	267.1	$	9.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule Of Selected Data with Respect to the Company's Income Tax Provision

The following table sets forth selected data with respect to the Company’s income tax provisions for the years ended December 31, (in millions):



	2014		2013			2012
Income before income taxes:
United States	$	385.6	$	360.8		$	330.2
International	99.9		113.0			111.6
TOTAL INCOME BEFORE INCOME TAXES	$	485.5	$	473.8		$	441.8
Provision for income taxes — current:
Federal	$	90.1	$	94.6		$	66.4
State	15.4		15.1			12.8
International	22.5		21.0			33.0
Total provision-current	128.0		130.7			112.2
Provision for income taxes — deferred:
Federal	24.4		14.4			25.6
State	2.7		0.1			1.8
International	3.2		(1.2		)	0.1
Total provision — deferred	30.3		13.3			27.5
TOTAL PROVISION FOR INCOME TAXES	$	158.3	$	144.0		$	139.7

Schedule Of Deferred Tax Assets And Liabilities



	2014			2013
Deferred tax assets:
Inventory	$	4.6		$	4.7
Income tax credits	30.6			31.3
Accrued liabilities	23.3			19.0
Pension	43.6			23.4
Post retirement and post employment benefits	11.3			11.0
Stock-based compensation	11.4			10.1
Net operating loss carryforwards	46.3			53.1
Miscellaneous other	7.5			3.4
Gross deferred tax assets	178.6			156.0
Valuation allowance	(34.3		)	(28.5		)
Total deferred tax assets, net of valuation allowance	144.3			127.5
Deferred tax liabilities:
Acquisition basis difference	(145.8		)	(123.3		)
Property, plant, and equipment	(41.9		)	(40.4		)
Total deferred tax liabilities	(187.7		)	(163.7		)
TOTAL NET DEFERRED TAX LIABILITY	$	(43.4	)	$	(36.2	)
Deferred taxes are reflected in the Consolidated Balance Sheet as follows:
Current tax assets (included in Deferred taxes and other)	$	31.2		$	31.0
Non-current tax assets (included in Other long-term assets)	1.1			1.0
Current tax liabilities (included in Other accrued liabilities)	(1.2		)	(1.5		)
Non-current tax liabilities (included in Other Non-current liabilities)	(74.5		)	(66.7		)
TOTAL NET DEFERRED TAX LIABILITY	$	(43.4	)	$	(36.2	)

Reconciliation of Beginning and Ending Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):



	2014			2013			2012
Unrecognized tax benefits at beginning of year	$	14.8		$	13.5		$	27.6
Additions based on tax positions relating to the current year	2.9			2.2			1.8
Reductions based on expiration of statute of limitations	(1.2		)	(1.5		)	(9.6		)
Additions to tax positions relating to previous years	9.5			2.1			0.8
Settlements	(4.4		)	(1.5		)	(7.1		)
TOTAL UNRECOGNIZED TAX BENEFITS	$	21.6		$	14.8		$	13.5

Schedule Of Effective Income Tax Rate Reconciliation

The consolidated effective income tax rate varied from the United States federal statutory income tax rate for the years ended December 31, as follows:



	2014		2013		2012
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	2.0		2.1		1.8
Foreign income taxes	(2.1	)	(3.6	)	(3.4	)
Other, net	(2.3	)	(3.1	)	(1.8	)
CONSOLIDATED EFFECTIVE INCOME TAX RATE	32.6	%	30.4	%	31.6	%

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details

Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Accounted for at Fair Value



Asset (Liability)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Quoted Prices in Active Markets for Similar Assets (Level 2)		Total
Money market funds^(a)	$	365.9		$	—	$	365.9
Available for sale investments	—			43.0		43.0
Trading securities	8.9			—		8.9
Deferred compensation plan liabilities	(8.9		)	—		(8.9		)
Derivatives:
Forward exchange contracts	—			0.7		0.7
BALANCE AT DECEMBER 31, 2014	$	365.9		$	43.7	$	409.6



Asset (Liability)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Quoted Prices in Active Markets for Similar Assets (Level 2)		Total
Money market funds ^(a)	$	482.2		$	—	$	482.2
Available-for-sale investments	—			38.6		38.6
Trading securities	7.3			—		7.3
Deferred compensation plan liabilities	(7.3		)	—		(7.3		)
Derivatives:
Forward exchange contracts	—			0.4		0.4
BALANCE AT DECEMBER 31, 2013	$	482.2		$	39.0	$	521.2


(a)	Money market funds are included in Cash and cash equivalents in the Consolidated Balance Sheet.

Schedule of Derivative Instruments and Cash Flow Hedging Relationships

The fair values of derivative instruments in the Consolidated Balance Sheet are as follows (in millions):



	Asset/(Liability) Derivatives
		Fair Value at December 31,
Derivatives designated as hedges	Balance Sheet Location	2014		2013
Forward exchange contracts designated as cash flow hedges	Deferred taxes and other	$	0.7	$	0.4

The following table summarizes the results of cash flow hedging relationships for years ended December 31, (in millions):



	Derivative Gain/(Loss) Recognized in Accumulated Other Comprehensive Loss, net of tax				Location of Gain/(Loss) Reclassified into Income	Gain/(Loss) Reclassified into Earnings (Effective Portion)
Derivative Instrument	2014		2013		(Effective Portion)	2014		2013
Forward exchange contract	$	0.9	$	0.6	Cost of goods sold	$	1.0	$	0.4

Capital Stock (Tables)

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Schedule of Activity in the Company's Common Shares Outstanding

Activity in the Company’s common shares outstanding is set forth below for the three years ended December 31, 2014 (in thousands):



	Common Stock
	Class A	Class B
OUTSTANDING AT DECEMBER 31, 2011	7,167	52,071
Exercise of stock options/stock appreciation rights	—	804
Director compensation arrangements, net	—	18
Restricted/performance shares activity, net of forfeitures	—	197
Acquisition/surrender of shares	—	(1,021	)
OUTSTANDING AT DECEMBER 31, 2012	7,167	52,069
Exercise of stock options/stock appreciation rights	—	157
Director compensation arrangements, net	—	16
Restricted/performance shares activity, net of forfeitures	—	138
Acquisition/surrender of shares	—	(375	)
OUTSTANDING AT DECEMBER 31, 2013	7,167	52,005
Exercise of stock options/stock appreciation rights	—	155
Director compensation arrangements, net	—	13
Restricted/performance shares activity, net of forfeitures	—	136
Acquisition/surrender of shares	—	(980	)
OUTSTANDING AT DECEMBER 31, 2014	7,167	51,329

Schedule of Shares of the Company's Reserved Common Stock

Shares of the Company’s common stock were reserved at December 31, 2014 as follows (in thousands):



	Common Stock		Preferred Stock
	Class A	Class B	Preferred Stock
Future grant of stock-based compensation	—	1,475	—
Exercise of stock purchase rights	—	—	58
Shares reserved under other equity compensation plans	—	96	—
TOTAL	—	1,571	58

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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+ Details

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The following table summarizes the assumptions used in estimating the fair value of these awards issued in 2014:



	Stock Price on Measurement Date		Dividend Yield		Expected Volatility		Risk Free Interest Rate		Expected Term	Weighted Avg. Grant Date Fair Value
2014	$	106.44	2.1	%	22.7	%	1.0	%	3 Years	$	95.96

Schedule of Activity Related to Employee and Non-Employee Restricted Stock

Activity related to both employee and non-employee restricted stock for the year ended December 31, 2014 is as follows (in thousands, except per share amounts):



	Shares		Weighted Average Grant Date Fair Value/Share
RESTRICTED STOCK AT DECEMBER 31, 2013	167		$	91.17
Shares granted	87		105.35
Shares vested	(83	)	83.73
Shares forfeited	(4	)	76.28
RESTRICTED STOCK AT DECEMBER 31, 2014	167		$	102.22

Summary of Stock Appreciation Rights

Activity related to SARs for the year ended December 31, 2014 is as follows (in thousands, except per share amounts):



	Number of Rights		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
OUTSTANDING AT DECEMBER 31, 2013	1,531		$	69.68
Granted	251		106.73
Exercised	(314	)	57.16
Forfeited	(3	)	95.63
OUTSTANDING AT DECEMBER 31, 2014	1,465		$	78.64	7.4 Years	$	41,601
EXERCISABLE AT DECEMBER 31, 2014	947		$	65.79	6.4 Years	$	38,950

Summary of the Weighted-Average Assumption Used in Estimating Fair Value of Stock Appreciation Rights

The following table summarizes the weighted-average assumptions used in estimating the fair value of the SARs granted during the years 2014, 2013, and 2012:



	Expected Dividend Yield		Expected Volatility		Risk Free Interest Rate		Expected Term	Weighted Avg. Grant Date Fair Value of 1 SAR
2014	2.0	%	21.8	%	1.6	%	5.3 Years	$	18.42
2013	1.9	%	28.3	%	1.6	%	5.4 Years	$	24.58
2012	2.0	%	29.4	%	0.7	%	5.5 Years	$	18.13

Summary of Performance Shares Valuation

The following table summarizes the related assumptions used to determine the fair values of the performance share awards granted during the years 2014, 2013, and 2012:



	Stock Price on Measurement Date		Dividend Yield		Expected Volatility		Risk Free Interest Rate		Expected Term	Weighted Avg. Grant Date Fair Value
2014	$	106.44	2.1	%	22.7	%	1.0	%	3 Years	$	117.55
2013	$	107.87	1.9	%	33.8	%	0.6	%	3 Years	$	130.33
2012	$	83.73	2.0	%	27.3	%	0.4	%	3 Years	$	100.77

Summary of Stock Option Activity

Stock option activity for the year ended December 31, 2014 is set forth below (in thousands, except per share amounts):



	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
OUTSTANDING AT DECEMBER 31, 2013	51		$	47.95
Exercised	(51	)	47.95
OUTSTANDING AT DECEMBER 31, 2014	—		$	—	—	$	—
EXERCISABLE AT DECEMBER 31, 2014	—		$	—	—	$	—

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Summary of the Changes in Accumulated Other Comprehensive Loss (Net of Tax)

A summary of the changes in Accumulated other comprehensive loss (net of tax) for the three years ended December 31, 2014 is provided below (in millions):



	Cash Flow Hedge (loss)			Unrealized Gain (loss) on Available-for-			Pension and Post Retirement Benefit Plan			Cumulative Translation
(Debit) credit	Gain			Sale Securities			Adjustment			Adjustment			Total
BALANCE AT DECEMBER 31, 2011	$	(0.2	)	$	1.0		$	(153.7	)	$	2.5		$	(150.4	)
Other comprehensive income (loss) before Reclassifications	(0.4		)	(0.3		)	13.0			8.3			20.6
Amounts reclassified from accumulated other comprehensive loss	0.1			—			10.6			—			10.7
Current period other comprehensive income (loss)	(0.3		)	(0.3		)	23.6			8.3			31.3
BALANCE AT DECEMBER 31, 2012	$	(0.5	)	$	0.7		$	(130.1	)	$	10.8		$	(119.1	)
Other comprehensive income (loss) before Reclassifications	0.6			(0.3		)	54.8			(15.0		)	40.1
Amounts reclassified from accumulated other comprehensive loss	(0.3		)	—			8.3			—			8.0
Current period other comprehensive income (loss)	0.3			(0.3		)	63.1			(15.0		)	48.1
BALANCE AT DECEMBER 31, 2013	$	(0.2	)	$	0.4		$	(67.0	)	$	(4.2	)	$	(71.0	)
Other comprehensive income (loss) before Reclassifications	0.9			(0.1		)	(59.8		)	(35.7		)	(94.7		)
Amounts reclassified from accumulated other comprehensive loss	(0.7		)	—			2.1			—			1.4
Current period other comprehensive income (loss)	0.2			(0.1		)	(57.7		)	(35.7		)	(93.3		)
BALANCE AT DECEMBER 31, 2014	$	—		$	0.3		$	(124.7	)	$	(39.9	)	$	(164.3	)

Summary of the Gain (Loss) Reclassifications Out of Accumulated Other Comprehensive Loss

A summary of the gain (loss) reclassifications out of Accumulated other comprehensive loss for the two years ended December 31 is provided below (in millions):



Details about Accumulated Other Comprehensive Loss Components	2014				2013				Location of Gain (Loss) Reclassified into Income
Cash flow hedges gain (loss):
Forward exchange contracts	$	1.0			$	0.4			Cost of goods sold
	1.0				0.4				Total before tax
	(0.3		)		(0.1		)		Tax (expense) benefit
	$	0.7			$	0.3			Gain (loss) net of tax
Amortization of defined benefit pension and post retirement benefit items:
Prior-service costs	$	0.8		^(a)	$	0.8		^(a)
Actuarial gains/(losses)	(3.8		)	^(a)	(13.7		)	^(a)
	(3.0		)		(12.9		)		Total before tax
	0.9				4.6				Tax benefit (expense)
	$	(2.1	)		$	(8.3	)		(Loss) gain net of tax
Losses reclassified into earnings	$	(1.4	)		$	(8.0	)		(Loss) gain net of tax


(a)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see Note 10 - Retirement Benefits for additional details).

Industry Segments and Geographic Area Information (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Summary of Industry Segment Data

INDUSTRY SEGMENT DATA



	2014			2013			2012
Net Sales:
Electrical	$	2,398.2		$	2,262.6		$	2,114.6
Power	961.2			921.3			929.8
TOTAL NET SALES	$	3,359.4		$	3,183.9		$	3,044.4
Operating Income:
Electrical	$	337.9		$	341.1		$	303.7
Power	179.5			166.5			168.1
Operating Income	$	517.4		$	507.6		$	471.8
Interest expense	(31.2		)	(30.8		)	(30.8		)
Investment income and other expense, net	(0.7		)	(3.0		)	0.8
INCOME BEFORE INCOME TAXES	$	485.5		$	473.8		$	441.8
Assets:
Electrical	$	1,963.0		$	1,813.8		$	1,659.2
Power	832.0			707.0			710.4
General Corporate	527.8			666.4			577.4
TOTAL ASSETS	$	3,322.8		$	3,187.2		$	2,947.0
Capital Expenditures:
Electrical	$	35.1		$	32.4		$	27.1
Power	21.8			25.0			20.4
General Corporate	3.4			1.4			1.6
TOTAL CAPITAL EXPENDITURES	$	60.3		$	58.8		$	49.1
Depreciation and Amortization:
Electrical	$	53.4		$	48.0		$	45.8
Power	25.8			22.6			21.0
TOTAL DEPRECIATION AND AMORTIZATION	$	79.2		$	70.6		$	66.8

PRODUCT CLASS DATA



	2014		2013		2012
Net Sales:
Electrical Systems	$	1,538.7	$	1,466.4	$	1,376.1
Lighting	859.5		796.2		738.5
Power	961.2		921.3		929.8
TOTAL NET SALES	$	3,359.4	$	3,183.9	$	3,044.4

Summary of Geographic Area Data

GEOGRAPHIC AREA DATA



	2014		2013		2012
Net Sales:
United States	$	2,883.8	$	2,687.6	$	2,541.6
International	475.6		496.3		502.8
TOTAL NET SALES	$	3,359.4	$	3,183.9	$	3,044.4
Operating Income:
United States	$	447.2	$	417.5	$	383.8
International	70.2		90.1		88.0
TOTAL OPERATING INCOME	$	517.4	$	507.6	$	471.8
Long-lived Assets:
United States	$	1,492.5	$	1,341.4	$	1,225.4
International	199.7		212.3		227.0
TOTAL LONG-LIVED ASSETS	$	1,692.2	$	1,553.7	$	1,452.4

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Financial Data

The table below sets forth summarized quarterly financial data for the years ended December 31, 2014 and 2013 (in millions, except per share amounts):



	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2014
Net Sales	$	759.5	$	855.8	$	895.3	$	848.8
Gross Profit	$	245.0	$	292.5	$	296.2	$	275.3
Net Income	$	65.3	$	90.8	$	90.5	$	80.6
Net Income attributable to Hubbell	$	64.2	$	90.2	$	89.6	$	81.3
Earnings Per Share — Basic	$	1.08	$	1.53	$	1.52	$	1.39
Earnings Per Share — Diluted	$	1.08	$	1.51	$	1.51	$	1.38
2013
Net Sales	$	740.1	$	801.3	$	835.9	$	806.6
Gross Profit	$	236.3	$	272.0	$	291.3	$	270.9
Net Income	$	66.8	$	83.0	$	97.2	$	82.8
Net Income attributable to Hubbell	$	65.9	$	82.1	$	96.5	$	82.0
Earnings Per Share — Basic	$	1.11	$	1.38	$	1.63	$	1.39
Earnings Per Share — Diluted	$	1.10	$	1.37	$	1.62	$	1.38

Significant Accounting Policies (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of LIFO inventory	74.00%
Capitalized Computer Software, Net [Abstract]
Capitalized computer software costs, net of amortization	$ 12.7	$ 10.9
Amortization expense	$ 4.3	$ 4.3	$ 3.5
Goodwill Annual Impairment Test [Abstract]
Excess of goodwill implied fair value, over carrying value, beginning range	100.00%
Excess of goodwill implied fair value, over carrying value, end of range	400.00%
Research and development expense as a percentage of cost of goods sold	2.00%	2.00%	2.00%
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer returns as a percentage of gross sales	1.00%
Useful life, intangible assets	5 years
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customer returns as a percentage of gross sales	3.00%
Useful life, intangible assets	30 years

Business Acquistiions - Narrative (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended			3 Months Ended
	Dec. 31, 2014 Acquisition	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014 RFL Electronics	Sep. 30, 2014 RigPower, LLC	Jun. 30, 2014 Reuel, Inc.	Jun. 30, 2014 Litecontrol Corporation	Mar. 31, 2014 Powerohm Resistors, Inc.	Mar. 31, 2014 English Road Holdings, LLC	Mar. 31, 2014 Fiber and Cable Accessories, Inc.
Business Acquisition [Line Items]
Number of acquisitions completed	7
Acquisition of businesses, net of cash acquired	$ 183.8	$ 96.5	$ 90.7	$ 20.0	$ 15.2	$ 11.5	$ 45.3	$ 51.1	$ 32.4	$ 8.3
Intangible assets				5.3	3.5	5.7	16.7	22.3	5.2	4.3
Weighted average useful life				15 years	10 years	12 years	12 years	19 years	22 years	19 years
Goodwill expected to be deductible for tax purposes				0		0		0
Goodwill	$ 874.7	$ 800.4	$ 755.5	$ 7.3	$ 9.0	$ 3.4	$ 12.0	$ 32.5	$ 13.8	$ 2.9

Business Acquisitions (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Business Acquisition [Line Items]
Goodwill	$ 874.7	$ 800.4	$ 755.5
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Tangible assets acquired	71.3
Intangible assets	63.0
Goodwill	80.9
Deferred tax liabilities	(11.4)
Liabilities assumed	(20.0)
TOTAL CASH CONSIDERATION	$ 183.8

Receivables and Allowances (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable, Net, Current [Abstract]
Trade accounts receivable	$ 494.0	$ 461.1
Non-trade receivables	15.9	13.5
Accounts receivable, gross	509.9	474.6
Allowance for credit memos, returns and cash discounts	(36.7)	(31.6)
Allowance for doubtful accounts	(3.4)	(2.1)
Total allowances	(40.1)	(33.7)
ACCOUNTS RECEIVABLE, NET	$ 469.8	$ 440.9

Inventory (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]
Raw material	$ 153.8	$ 122.3
Work-in-process	94.8	87.2
Finished goods	277.6	259.4
Inventory, gross	526.2	468.9
Excess of FIFO over LIFO cost basis	(84.4)	(83.2)
INVENTORIES, NET	$ 441.8	$ 385.7

- Definition

Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

+ References+ Details

Goodwill and Other Intangible Assets Goodwill (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Goodwill [Line Items]
Goodwill, beginning of period	$ 800.4	$ 755.5
Current year acquisitions	80.9	49.6
Foreign currency translation and prior year acquisitions	(6.6)	(4.7)
Goodwill, end of period	874.7	800.4
Electrical
Goodwill [Line Items]
Goodwill, beginning of period	520.9	474.6
Current year acquisitions	53.5	49.6
Foreign currency translation and prior year acquisitions	(5.5)	(3.3)
Goodwill, end of period	568.9	520.9
Power
Goodwill [Line Items]
Goodwill, beginning of period	279.5	280.9
Current year acquisitions	27.4	0
Foreign currency translation and prior year acquisitions	(1.1)	(1.4)
Goodwill, end of period	$ 305.8	$ 279.5

Goodwill and Other Intangible Assets Narrative (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014 Acquisition	Dec. 31, 2013	Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]
Number of acquisitions completed	7
Acquisition of businesses, net of cash acquired	$ 183.8	$ 96.5	$ 90.7
Recognition of goodwill	80.9	49.6
Year to date amortization expense	23.8	19.9	18.1
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Amortization expense, 2015	22.2
Amortization expense, 2016	21.4
Amortization expense, 2017	20.1
Amortization expense, 2018	18.4
Amortization expense, 2019	$ 17

Other Intangible Assets (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Other Intangible Assets [Line Items]
Gross Amount	$ 388.1	$ 333.4
TOTAL INTANGIBLE ASSETS	443.1	389.3
Accumulated Amortization	(120.3)	(102.7)
Tradenames and other
Other Intangible Assets [Line Items]
Gross Amount	55.0	55.9
Patents, tradenames and trademarks
Other Intangible Assets [Line Items]
Gross Amount	125.1	111.2
Accumulated Amortization	(32.5)	(27.7)
Customer/agent relationships and other
Other Intangible Assets [Line Items]
Gross Amount	263.0	222.2
Accumulated Amortization	$ (87.8)	$ (75.0)

Investments - Amortized Cost Basis (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Investments [Abstract]
Available-for-sale securities, amortized cost	$ 42.5	$ 38.0
Available-for-sale securities, accumulated gross unrealized gains	0.6	0.6
Available-for-sale securities, accumulated gross unrealized losses	(0.1)	0
Available-for-sale debt securities	43.0	38.6
Trading securities, amortized cost	6.6	5.4
Trading securities, accumulated gross unrealized gains	2.3	1.9
Trading securities, accumulated gross unrealized losses	0	0
Trading securities	8.9	7.3
Investments, amortized cost	49.1	43.4
Investments, accumulated unrealized gains	2.9	2.5
TOTAL INVESTMENTS	$ 51.9	$ 45.9

Investments - Contractual Maturity (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Investments [Abstract]
Amortized Cost Due within 1 year	$ 7.7
Amortized Cost After 1 year but within 5 years	26.9
Amortized Cost After 5 years but within 10 years	7.9
Amortized Cost Due after 10 years	0
Available-for-sale securities, amortized cost	42.5	38.0
Fair Value Due within 1 year	7.8
Fair Value After 1 year but within 5 years	27.4
Fair Value After 5 years but within 10 years	7.8
Fair Value Due after 10 years	0
Available for Sale	$ 43.0	$ 38.6

Property, Plant and Equipment (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Property, Plant, and Equipment [Line Items]
Gross property, plant, and equipment	$ 1,057.4	$ 1,004.9
Less accumulated depreciation	(656.2)	(627.8)
NET PROPERTY, PLANT, AND EQUIPMENT	401.2	377.1
Depreciation	49.9	45.3	44.1
Land
Property, Plant, and Equipment [Line Items]
Gross property, plant, and equipment	43.1	44.4
Buildings and improvements
Property, Plant, and Equipment [Line Items]
Gross property, plant, and equipment	252.8	243.6
Buildings and improvements \| Minimum
Property, Plant, and Equipment [Line Items]
Depreciable lives	20 years
Buildings and improvements \| Maximum
Property, Plant, and Equipment [Line Items]
Depreciable lives	40 years
Machinery, tools, and equipment
Property, Plant, and Equipment [Line Items]
Gross property, plant, and equipment	740.7	692.8
Machinery, tools, and equipment \| Minimum
Property, Plant, and Equipment [Line Items]
Depreciable lives	3 years
Machinery, tools, and equipment \| Maximum
Property, Plant, and Equipment [Line Items]
Depreciable lives	20 years
Construction-in-progress
Property, Plant, and Equipment [Line Items]
Gross property, plant, and equipment	$ 20.8	$ 24.1

Other Accrued Liabilities (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Accrued Liabilities [Abstract]
Customer program incentives	$ 40.5	$ 39.1
Accrued income taxes	5.8	11.8
Deferred revenue	18.2	15.8
Other	65.5	57.6
TOTAL	$ 130.0	$ 124.3

- Definition

Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed.

+ References+ Details

Other Non-Current Liabilities (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Other Liabilities, Noncurrent [Abstract]
Pensions	$ 137.1	$ 78.9
Other postretirement benefits	24.3	25.6
Deferred tax liabilities	74.5	66.7
Other	54.4	37.0
TOTAL	$ 290.3	$ 208.2

- Definition

This represents the noncurrent liability recognized in the balance sheet that is associated with the defined benefit pension plans.

+ References+ Details

- Definition

This represents the noncurrent liability recognized in the balance sheet that is associated with other postretirement defined benefit plans (excluding pension plans).

+ References+ Details

Change in Benefit Obligations and Plan Assets (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Change in plan assets
Fair value of plan assets at end of year	$ 835.7	$ 764.0
Pension Benefits
Change in benefit obligation
Benefit obligation at beginning of year	828.2	879.5
Service cost	15.1	16.7	16.0
Interest cost	40.9	36.5	36.5
Plan participants’ contributions	0.7	0.7
Amendments	0	0.4
Actuarial loss (gain)	135.1	(69.2)
Currency impact	(6.0)	0.3
Other	(0.6)	(0.5)
Benefits paid	(37.1)	(36.2)
Benefit obligation at end of year	976.3	828.2	879.5
Change in plan assets
Fair value of plan assets at beginning of year	764.0	726.3
Actual return on plan assets	87.1	64.8
Employer contributions	27.6	8.0
Plan participants’ contributions	0.7	0.7
Currency impact	(6.6)	0.4
Benefits paid	(37.1)	(36.2)
Fair value of plan assets at end of year	835.7	764.0	726.3
FUNDED STATUS	(140.6)	(64.2)
Prepaid pensions (included in Other long-term assets)	1.0	18.7
Accrued benefit liability (short-term and long-term)	(141.6)	(82.9)
NET AMOUNT RECOGNIZED IN THE CONSOLIDATED BALANCE SHEET	(140.6)	(64.2)
Amounts recognized in Accumulated other comprehensive loss (income) consist of:
Net actuarial loss	196.4	107.2
Prior service cost (credit)	0.8	1.0
NET AMOUNT RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE LOSS	197.2	108.2
Other Benefits
Change in benefit obligation
Benefit obligation at beginning of year	28.1	30.4
Service cost	0.1	0	0
Interest cost	1.1	1.1	1.3
Plan participants’ contributions	0	0
Amendments	0	0
Actuarial loss (gain)	1.6	(1.4)
Currency impact	0	0
Other	(2.2)	(0.1)
Benefits paid	(2.0)	(1.9)
Benefit obligation at end of year	26.7	28.1	30.4
Change in plan assets
Fair value of plan assets at beginning of year	0	0
Plan participants’ contributions	0	0
Benefits paid	(2.0)	(1.9)
Fair value of plan assets at end of year	0	0	0
FUNDED STATUS	(26.7)	(28.1)
Accrued benefit liability (short-term and long-term)	(26.7)	(28.1)
NET AMOUNT RECOGNIZED IN THE CONSOLIDATED BALANCE SHEET	(26.7)	(28.1)
Amounts recognized in Accumulated other comprehensive loss (income) consist of:
Net actuarial loss	0.7	(0.9)
Prior service cost (credit)	(5.2)	(6.2)
NET AMOUNT RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE LOSS	$ (4.5)	$ (7.1)

Retirement Benefits Accumulated Benefit Obligation In Excess of Plan Assets (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Pension Benefits Disclosure [Abstract]
Projected benefit obligation	$ 266.5	$ 77.2
Accumulated benefit obligation	261.1	74.5
Fair value of plan assets	$ 168.9	$ 0

Retirement Benefits Components of Pension and Other Benefit Costs (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Pension Benefits
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost	$ 15.1	$ 16.7	$ 16.0
Interest cost	40.9	36.5	36.5
Expected return on plan assets	(45.2)	(46.7)	(39.9)
Amortization of prior service cost (credit)	0.2	0.2	0.2
Amortization of actuarial losses (gains)	3.9	13.8	17.4
Other	0	0	0
Curtailment and settlement losses (gains)	0	0	0
Net periodic benefit cost (credit)	14.9	20.5	30.2
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax [Abstract]
Current year net actuarial loss (gain)	93.1	(87.8)	(19.1)
Current year prior service credit	0	0.4	0
Amortization of prior service (cost) credit	(0.2)	(0.2)	(0.2)
Amortization of net actuarial (losses) gains	(3.9)	(13.8)	(17.4)
Currency impact	0	(0.1)	(0.2)
Other adjustments	0	0	0.3
Total recognized in other comprehensive loss (income)	89.0	(101.5)	(36.6)
Amount Recognized in Net Periodic Benefit Cost and Other Comprehensive Income (Loss), before Tax	103.9	(81.0)	(6.4)
Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year [Abstract]
Amortization of prior service cost (credit)	0.2
Amortization of net loss (gain)	11.9
TOTAL EXPECTED TO BE RECOGNIZED THROUGH INCOME DURING NEXT FISCAL YEAR	12.1
Other Benefits
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost	0.1	0	0
Interest cost	1.1	1.1	1.3
Expected return on plan assets	0	0	0
Amortization of prior service cost (credit)	(1.0)	(1.0)	(1.0)
Amortization of actuarial losses (gains)	(0.1)	(0.1)	0
Other	(2.2)	0	0
Curtailment and settlement losses (gains)	0	0	0
Net periodic benefit cost (credit)	(2.1)	0	0.3
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Reclassification Adjustments, Net of Tax [Abstract]
Current year net actuarial loss (gain)	1.5	(1.4)	(2.5)
Current year prior service credit	0	0	0
Amortization of prior service (cost) credit	1.0	1.0	1.0
Amortization of net actuarial (losses) gains	0.1	0.1	0
Currency impact	0	0	0
Other adjustments	0	0	0.3
Total recognized in other comprehensive loss (income)	2.6	(0.3)	(1.2)
Amount Recognized in Net Periodic Benefit Cost and Other Comprehensive Income (Loss), before Tax	0.5	(0.3)	(0.9)
Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year [Abstract]
Amortization of prior service cost (credit)	(1.0)
Amortization of net loss (gain)	(0.1)
TOTAL EXPECTED TO BE RECOGNIZED THROUGH INCOME DURING NEXT FISCAL YEAR	$ (1.1)

Retirement Benefits Projected Benefit Obligation Assumptions (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	4.23%	5.04%	4.22%
Rate of compensation increase	3.15%	3.18%	3.11%
Discount rate	5.04%	4.22%	4.42%
Expected return on plan assets	6.06%	6.70%	6.50%
Rate of compensation increase	3.18%	3.11%	3.53%
Other Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate	4.10%	4.60%	4.20%
Rate of compensation increase	3.00%	3.00%	3.00%
Discount rate	4.60%	4.20%	4.40%
Rate of compensation increase	4.50%	3.00%	3.50%

Retirement Benefits Assumed Health Care Cost Trend Rates (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Pension and Other Postretirement Benefit Expense [Abstract]
Health care cost trend assumed for next year	6.50%	6.60%	6.90%
Rate to which the cost trend is assumed to decline	5.00%	5.00%	5.00%
Year that the rate reaches the ultimate trend rate	2028	2028	2028

Retirement Benefits One-Percentage-Point Change in Assumed Health Care Cost Trend Rates (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014
Pension and Other Postretirement Benefit Expense [Abstract]
Effect on total of service and interest cost, one percentage point increase	$ 0.1
Effect on total of service and interest cost, one percentage point decrease	(0.1)
Effect of on postretirement benefit obligation, one percentage point increase	1.5
Effect on postretirement benefit obligation, one percentage point decrease	$ (1.5)

Retirement Benefits Combined Targeted and Actual Domestic and Foreign Pension Plans Weighted Average Asset Allocation (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percentage of plan assets, target	100.00%
Percentage of plan assets, actual	100.00%	100.00%
Equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percentage of plan assets, target	37.00%
Percentage of plan assets, actual	30.00%	40.00%
Debt securities & Cash
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percentage of plan assets, target	37.00%
Percentage of plan assets, actual	48.00%	43.00%
Alternative Investments
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percentage of plan assets, target	26.00%
Percentage of plan assets, actual	22.00%	17.00%

Retirement Benefits Fair Value Pension Plan Assets (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 835.7	$ 764.0
Employer stock included in plan assets	37.6	35.0
Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	381.2	345.3
Quoted Prices in Active Markets for Similar Assets (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	376.4	286.4
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	78.1	132.3
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	26.2	23.9
Cash and cash equivalents \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	26.2	23.9
Cash and cash equivalents \| Quoted Prices in Active Markets for Similar Assets (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Cash and cash equivalents \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
US Large-Cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	35.1	75.7
US Large-Cap \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	35.1	75.7
US Large-Cap \| Quoted Prices in Active Markets for Similar Assets (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
US Large-Cap \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
US Mid-Cap and Small-Cap Growth
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	41.5	42.0
US Mid-Cap and Small-Cap Growth \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	41.5	42.0
US Mid-Cap and Small-Cap Growth \| Quoted Prices in Active Markets for Similar Assets (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
US Mid-Cap and Small-Cap Growth \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
International Large-cap
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	23.4	80.7
International Large-cap \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	23.4	80.7
International Large-cap \| Quoted Prices in Active Markets for Similar Assets (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
International Large-cap \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Emerging Markets
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	11.3	28.3
Emerging Markets \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	11.3	28.3
Emerging Markets \| Quoted Prices in Active Markets for Similar Assets (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Emerging Markets \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
US Treasuries
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	57.7	59.6
US Treasuries \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
US Treasuries \| Quoted Prices in Active Markets for Similar Assets (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	57.7	59.6
US Treasuries \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Corporate Bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	214.1	120.7
Corporate Bonds \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Corporate Bonds \| Quoted Prices in Active Markets for Similar Assets (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	214.1	120.7
Corporate Bonds \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Asset Backed Securities and Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	87.9	91.8
Asset Backed Securities and Other \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.4	1.1
Asset Backed Securities and Other \| Quoted Prices in Active Markets for Similar Assets (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	87.5	90.7
Asset Backed Securities and Other \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Equity/Debt Futures
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	150.1	97.5
Equity/Debt Futures \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	149.1	97.5
Equity/Debt Futures \| Quoted Prices in Active Markets for Similar Assets (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1.0	0
Equity/Debt Futures \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Derivative Liability
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	(15.9)	(37.2)
Derivative Liability \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	(15.9)	(37.2)
Alternative Investment Funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	188.2	165.6
Alternative Investment Funds \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	110.1	33.3
Alternative Investment Funds \| Quoted Prices in Active Markets for Similar Assets (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Alternative Investment Funds \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	78.1	132.3	126.2
Common Pooled Fund
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	16.1	15.4
Common Pooled Fund \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Common Pooled Fund \| Quoted Prices in Active Markets for Similar Assets (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	16.1	15.4
Common Pooled Fund \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0

Retirement Benefits Alternative Investment Funds Fair Value (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	$ 835.7	$ 764.0
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	78.1	132.3
Alternative Investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at end of year	188.2	165.6
Alternative Investments \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	132.3	126.2
Relating to assets still held at the reporting date	4.1	9.0
Relating to assets sold during the period	0.6	0
Purchases, sales and settlements, net	(58.9)	(3.1)
Transfers in and/or out of Level 3	0	0
Fair value of plan assets at end of year	$ 78.1	$ 132.3

Retirement Benefits Estimated Future Benefit Payments (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2015	$ 38.8
2016	40.6
2017	42.5
2018	44.7
2019	46.8
2020-2024	267.1
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
2015	2.3
2016	2.3
2017	2.2
2018	2.1
2019	2.1
2020-2024	$ 9.1

Retirement Benefits Narrative (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended					1 Months Ended	12 Months Ended					12 Months Ended
	Dec. 31, 2014 benefit_plan	Dec. 31, 2013 benefit_plan	Dec. 31, 2012	Dec. 31, 2014 US Pension Plans	Dec. 31, 2013 US Pension Plans	Jan. 31, 2015 US Pension Plans Subsequent Event	Dec. 31, 2014 Foreign Pension Plan	Dec. 31, 2014 Foreign Pension Plan CANADA	Dec. 31, 2013 Foreign Pension Plan CANADA	Dec. 31, 2014 Foreign Pension Plan UNITED KINGDOM	Dec. 31, 2013 Foreign Pension Plan UNITED KINGDOM	Dec. 31, 2014 Pension Benefits	Dec. 31, 2013 Pension Benefits	Dec. 31, 2012 Pension Benefits	Dec. 31, 2013 Restatement Adjustment
Defined Benefit Plan Disclosure [Line Items]
Defined benefit obligation per plan, as a percent of total benefit obligation				88.00%
Benefit obligation												$ 976.3	$ 828.2	$ 879.5
Accumulated benefit obligation	907.1	771.9
Number of defined contribution pension plans	6
Defined contribution pension plans, total costs	12.9	11.2	10.5
Number of multiemployer defined benefit pension plans		3
Multiemployer plan total employer contributions	0.8	0.9	0.7
Discount rate				4.30%	5.10%			3.95%	4.75%	3.70%	4.60%	4.23%	5.04%	4.22%
Employer stock included in plan assets	37.6	35.0
Employer stock as percentage of plan assets	5.20%	5.30%
Level 1 assets adjusted to Level 2	835.7	764.0										835.7	764.0	726.3	226.3
Employer contributions						20.0						27.6	8.0
Estimated future employer contributions in next fiscal year							3.0
Effect on defined benefit obligation, due to change in mortality table utilized				$ 40

Debt Summary of Long-term Debt (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014 Notes 2018 Term	Dec. 31, 2013 Notes 2018 Term	May 31, 2008 Notes 2018 Term	Dec. 31, 2014 Notes 2022 Term	Dec. 31, 2013 Notes 2022 Term	Nov. 30, 2010 Notes 2022 Term
Debt Instrument [Line Items]
Long-term Debt	$ 597.6	$ 597.2	$ 299.2	$ 299.0		$ 298.4	$ 298.2
Interest rate, stated percentage					5.95%			3.625%

Debt Narrative (Details)	1 Months Ended	12 Months Ended									12 Months Ended	3 Months Ended
Debt Narrative (Details)	Nov. 30, 2010 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2014 BRL	Dec. 31, 2014 CNY	Dec. 31, 2013 BRL	Dec. 31, 2013 CNY	Dec. 31, 2014 Other LOC USD ($)	Dec. 31, 2013 Other LOC USD ($)	Dec. 31, 2014 Revolving Credit Agreement USD ($)	Dec. 31, 2010 Notes 2022 Term Interest Rate Lock USD ($)	Jun. 30, 2010 Notes 2018 Term Interest Rate Lock USD ($)	Nov. 30, 2010 Notes 2022 Term USD ($)	May 31, 2008 Notes 2018 Term USD ($)
Debt Instrument [Line Items]
Face amount														$ 300,000,000	$ 300,000,000
Interest rate, stated percentage														3.625%	5.95%
Gain (loss) on forward interest rate lock, recorded in accumulated other comprehensive loss	(400,000)											(1,600,000)	1,200,000
Short-term debt		1,400,000	300,000
Line of credit, maximum borrowing capacity							5,000,000.0		54,600,000	60,400,000	500,000,000
Long-term Line of Credit		1,100,000	0		3,000,000
Line of credit outstanding, current portion		300,000	300,000			1,700,000		2,100,000	27,100,000	22,900,000
Line of credit, maximum debt to capitalization, percentage											55.00%
Interest and fees paid		$ 29,400,000	$ 29,700,000	$ 29,800,000

Debt Other Information Related to Short-term Debt (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
Interest rate at year end	14.54%	6.00%
Interest rate paid during the year (weighted average)	14.35%	5.20%

Income Taxes Components of Income Tax Expense (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income before income taxes:
United States	$ 385.6	$ 360.8	$ 330.2
International	99.9	113.0	111.6
Income before income taxes	485.5	473.8	441.8
Provision for income taxes — current:
Federal	90.1	94.6	66.4
State	15.4	15.1	12.8
International	22.5	21.0	33.0
Total provision-current	128.0	130.7	112.2
Provision for income taxes — deferred:
Federal	24.4	14.4	25.6
State	2.7	0.1	1.8
International	3.2	(1.2)	0.1
Total provision — deferred	30.3	13.3	27.5
TOTAL PROVISION FOR INCOME TAXES	$ 158.3	$ 144.0	$ 139.7

Income Taxes Deferred Tax Assets and Liabilities (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Deferred tax assets:
Inventory	$ 4.6	$ 4.7
Income tax credits	30.6	31.3
Accrued liabilities	23.3	19.0
Pension	43.6	23.4
Post retirement and post employment benefits	11.3	11.0
Stock-based compensation	11.4	10.1
Net operating loss carryforwards	46.3	53.1
Miscellaneous other	7.5	3.4
Gross deferred tax assets	178.6	156.0
Valuation allowance	(34.3)	(28.5)
Total deferred tax assets, net of valuation allowance	144.3	127.5
Deferred tax liabilities:
Acquisition basis difference	(145.8)	(123.3)
Property, plant, and equipment	(41.9)	(40.4)
Total deferred tax liabilities	(187.7)	(163.7)
TOTAL NET DEFERRED TAX LIABILITY	(43.4)	(36.2)
Current tax assets (included in Deferred taxes and other)	31.2	31.0
Non-current tax assets (included in Other long-term assets)	1.1	1.0
Current tax liabilities (included in Other accrued liabilities)	(1.2)	(1.5)
Non-current tax liabilities (included in Other Non-current liabilities)	$ (74.5)	$ (66.7)

Income Taxes Unrecognized Tax Benefits (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Unrecognized tax benefits at beginning of year	$ 14.8	$ 13.5	$ 27.6
Additions based on tax positions relating to the current year	2.9	2.2	1.8
Reductions based on expiration of statute of limitations	(1.2)	(1.5)	(9.6)
Additions to tax positions relating to previous years	9.5	2.1	0.8
Settlements	(4.4)	(1.5)	(7.1)
TOTAL UNRECOGNIZED TAX BENEFITS	$ 21.6	$ 14.8	$ 13.5

Income Taxes Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Federal statutory income tax rate	35.00%	35.00%	35.00%
State income taxes, net of federal benefit	2.00%	2.10%	1.80%
Foreign income taxes	(2.10%)	(3.60%)	(3.40%)
Other, net	(2.30%)	(3.10%)	(1.80%)
CONSOLIDATED EFFECTIVE INCOME TAX RATE	32.60%	30.40%	31.60%

Income Taxes Narrative (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Tax Credit Carryforward [Line Items]
Income tax credits	$ 30.6	$ 31.3
Net operating loss carryforwards	46.3	53.1
Valuation allowance	34.3	28.5
Undistributed earnings of foreign subsidiaries	750
Amount of unrecognized deferred tax liability, undistributed earnings of foreign subsidiaries	150
Income taxes paid	125.4	127.2	113.2
Unrecognized tax benefits that would impact effective tax rate	17.8
Unrecognized tax benefits timing of deductibility unknown	0.5
Significant (increase) decrease in unrecognized tax benefits is reasonably possible, estimated range of change, upper bound	1.9
Unrecognized tax benefits, income tax penalties and interest expense	1.7	(0.2)	(0.5)
Unrecognized tax benefits, income tax penalties and interest accrued	2.9	1.2
Tax credit carryforward indefinitely
Tax Credit Carryforward [Line Items]
Income tax credits	9.1
Net operating loss carryforwards	17.7
Carryforward Subject To Expiration
Tax Credit Carryforward [Line Items]
Income tax credits	21.5
Net operating loss carryforwards	28.1
Federal, State, and Local
Tax Credit Carryforward [Line Items]
Net operating loss carryforwards	$ 45.8

Financial Instruments (Details) (Sales Revenue, Net)	12 Months Ended
Financial Instruments (Details) (Sales Revenue, Net)	Dec. 31, 2014
Sales Revenue, Net
Concentration Risk Percentage [Line Items]
Concentration risk, percentage	10.00%

Fair Value Measurement Fair Value Hierarchy (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 365.9	$ 482.2
Available for sale investments	43.0	38.6
Trading securities	8.9	7.3
Deferred compensation plan liabilities	(8.9)	(7.3)
Derivatives:
Forward exchange contracts	0.7	0.4
Fair value, net asset (liability)	409.6	521.2
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	365.9	482.2
Available for sale investments	0	0
Trading securities	8.9	7.3
Deferred compensation plan liabilities	(8.9)	(7.3)
Derivatives:
Forward exchange contracts	0	0
Fair value, net asset (liability)	365.9	482.2
Quoted Prices in Active Markets for Similar Assets (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Available for sale investments	43.0	38.6
Trading securities	0	0
Deferred compensation plan liabilities	0	0
Derivatives:
Forward exchange contracts	0.7	0.4
Fair value, net asset (liability)	$ 43.7	$ 39.0

Fair Value Measurement Narrative (Details) (USD $) In Millions, unless otherwise specified	1 Months Ended	12 Months Ended		1 Months Ended
	Nov. 30, 2010	Dec. 31, 2014 forward_exchange_contrtact	Dec. 31, 2013	Nov. 30, 2010 Interest Rate Lock 2010	May 31, 2008 Interest Rate Lock 2008	Dec. 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1)	Dec. 31, 2013 Quoted Prices in Active Markets for Identical Assets (Level 1)	Dec. 31, 2014 Quoted Prices in Active Markets for Similar Assets (Level 2)	Dec. 31, 2013 Quoted Prices in Active Markets for Similar Assets (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments		$ 43.0	$ 38.6			$ 0	$ 0	$ 43.0	$ 38.6
Available-for-sale debt securities		43.0	38.6			43.0	38.6
Trading securities		8.9	7.3			8.9	7.3	0	0
Purchase of trading securities held-for-investment		1.2	0.9
Proceeds from the sale of trading securities held-for-investment		0.2	0
Number of foreign exchange contracts held		18
Derivative, notional amount		1.0
Gain (loss) on forward interest rate lock, recorded in accumulated other comprehensive loss	(0.4)			(1.6)	1.2
Interest rate lock reclassified to interest expense			0
Long-term Debt		597.6	597.2
Long-term debt, fair value		$ 645.1	$ 631.0

Fair Value Measurement Cash Flow Hedging Relationships (Details) (Forward exchange contract, USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Gain/(Loss) Recognized in Accumulated Other Comprehensive Loss, net of tax	$ 0.9	$ 0.6
Cost of goods sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss) Reclassified into Earnings (Effective Portion)	$ 1.0	$ 0.4

Commitments and Contingencies (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Commitments and Contingencies Disclosure [Abstract]
Increase in accrual	$ 4.0
Accrual for environmental loss contingencies		13.9	12.3
Operating lease rent expense		24.7	23.2	21.9
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
Due in 2015		13.3
Due in 2016		10.4
Due in 2017		6.8
Due in 2018		5.3
Due in 2019		3.5
Due thereafter		$ 13.4
Minimum
Operating Leased Assets [Line Items]
Operating lease, contract term		5 years
Operating lease, renewal term		5 years
Maximum
Operating Leased Assets [Line Items]
Operating lease, contract term		25 years
Operating lease, renewal term		10 years

Capital Stock Common Stock Outstanding (Details)	12 Months Ended
Capital Stock Common Stock Outstanding (Details)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Class A Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding, beginning of period	7,167,506	7,167,000	7,167,000
Exercise of stock options/stock appreciation rights	0	0	0
Director compensation arrangements, net	0	0	0
Restricted/performance shares activity, net of forfeitures	0	0	0
Acquisition/surrender of shares	0	0	0
Common stock, shares outstanding, end of period	7,167,506	7,167,506	7,167,000
Class B Common Stock
Class of Stock [Line Items]
Common stock, shares outstanding, beginning of period	52,005,492	52,069,000	52,071,000
Exercise of stock options/stock appreciation rights	154,615,000	157,000	804,000
Director compensation arrangements, net	13,480,000	16,000	18,000
Restricted/performance shares activity, net of forfeitures	135,504,000	138,000	197,000
Acquisition/surrender of shares	(980,117,000)	(375,000)	(1,021,000)
Common stock, shares outstanding, end of period	51,328,974	52,005,492	52,069,000

Capital Stock Narrative (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended																12 Months Ended				12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014 Additional Paid-in Capital	Dec. 31, 2013 Additional Paid-in Capital	Dec. 31, 2012 Additional Paid-in Capital	Dec. 31, 2011 Additional Paid-in Capital	Dec. 31, 2014 Additional Paid-in Capital Restatement Adjustment	Dec. 31, 2013 Additional Paid-in Capital Restatement Adjustment	Dec. 31, 2012 Additional Paid-in Capital Restatement Adjustment	Dec. 31, 2014 Retained Earnings	Dec. 31, 2013 Retained Earnings	Dec. 31, 2012 Retained Earnings	Dec. 31, 2011 Retained Earnings	Dec. 31, 2014 Retained Earnings Restatement Adjustment	Dec. 31, 2013 Retained Earnings Restatement Adjustment	Dec. 31, 2012 Retained Earnings Restatement Adjustment	Dec. 31, 2014 Class A Common Stock	Dec. 31, 2014 Class B Common Stock	Dec. 31, 2014 Series A Preferred Stock	Dec. 31, 2014 Series A Preferred Stock Class A Right	Dec. 31, 2014 Series B Preferred Stock	Dec. 31, 2014 Series B Preferred Stock Class B Right
Class of Stock [Line Items]
Number of securities called by each warrant (shares)																				0.001		0.001
Common stock, voting rights (votes per share)																	20	1
Preferred stock, shares authorized	5,900,000
Preferred stock, shares outstanding	0
Equity	$ 1,935.7	$ 1,914.8	$ 146.7	$ 236.6	$ 256.4	$ 294.2	$ 192.0	$ 192.0	$ 192.0	$ 1,944.1	$ 1,740.2	$ 1,523.3	$ 1,323.4	$ (192.0)	$ (192.0)	$ (192.0)
Beneficial ownership percentage, trigger																	20.00%
Class of warrant or right, redemption price for company	$ 0.01
Exercise price of warrants or rights (USD per share)																				$ 0.18		$ 0.18
Maximum beneficial ownership percentage, for the company to redeem the rights																	20.00%
Preferred stock, dividend rate, per-dollar-amount																			$ 10.00
Preferred stock, dividend rate, percentage	100000.00%
Preferred stock, liquidation preference per share (USD per share)	$ 100
Preferred stock, voting rights, votes per share																			20,000		1,000

Capital Stock Reserved Common Stock (Details) In Thousands, unless otherwise specified	Dec. 31, 2014
Class A Common Stock
Class of Stock [Line Items]
Future grant of stock-based compensation	0
Exercise of stock purchase rights	0
Shares reserved under other equity compensation plans	0
TOTAL	0
Class B Common Stock
Class of Stock [Line Items]
Future grant of stock-based compensation	1,475
Exercise of stock purchase rights	0
Shares reserved under other equity compensation plans	96
TOTAL	1,571
Preferred Stock
Class of Stock [Line Items]
Future grant of stock-based compensation	0
Exercise of stock purchase rights	58
Shares reserved under other equity compensation plans	0
TOTAL	58

Stock-Based Compensation Narrative (Details) (USD $) In Millions, except Share data, unless otherwise specified	1 Months Ended	12 Months Ended						1 Months Ended	12 Months Ended			1 Months Ended	12 Months Ended					1 Months Ended					12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014 Restricted Stock Units RSU	Dec. 31, 2013 Restricted Stock Units RSU	Dec. 31, 2012 Restricted Stock Units RSU	Feb. 28, 2015 Restricted Stock Units RSU Subsequent Event	Dec. 31, 2014 Stock Appreciation Rights SARS	Dec. 31, 2013 Stock Appreciation Rights SARS	Dec. 31, 2012 Stock Appreciation Rights SARS	Dec. 31, 2014 Performance Shares	Dec. 31, 2014 Performance Shares	Dec. 31, 2013 Performance Shares	Dec. 31, 2012 Performance Shares	Dec. 31, 2014 Performance Shares Minimum	Dec. 31, 2014 Performance Shares Maximum	Feb. 28, 2014 Performance Shares Dec 2010 Grant	Feb. 28, 2015 Performance Shares Dec 2010 Grant Subsequent Event	Dec. 31, 2014 Performance Shares Granted December 2014	Dec. 31, 2014 Performance Shares Granted December 2014 Minimum	Dec. 31, 2014 Performance Shares Granted December 2014 Maximum	Dec. 31, 2014 Selling and administrative	Dec. 31, 2013 Selling and administrative	Dec. 31, 2012 Selling and administrative	Dec. 31, 2014 Cost of goods sold	Dec. 31, 2013 Cost of goods sold	Dec. 31, 2012 Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares authorized	6,900,000	6,900,000
Pre-tax stock-based compensation cost		$ 16.4	$ 14.3	$ 15.8																			$ 15.7	$ 13.4	$ 15.1	$ 0.7	$ 0.9	$ 0.7
Income tax benefits		7.8	8.3	17.6
Excess Tax Benefit From Share-based Compensation, Net Windfall, Operating Activities		9.2	8.4	15.1
Unrecognized compensation cost related to non-vested awards	26.5	26.5
Capitalized to inventory		0.2	0.2	0.2
Shares vested					83,000			8,586										58,754	38,589
Shares issued to non-employee directors		10,329	12,474	13,980
Weighted Avg. Grant Date Fair Value	$ 106.44				$ 105.35	$ 105.83	$ 82.18		$ 106.73				$ 117.55	$ 130.33	$ 100.77
Vested in period total fair value					7.0	8.4	8.9	1.0										7.0	4.4
SARS exercised intrinsic value									19.4	16.4	32.5
Shares granted					87,000				251,000			28,871	28,871	30,730	38,656
Performance shares criteria period																				3 years
Performance share payout at target												100.00%	100.00%
Performance based criteria plan payout percentage																0.00%	200.00%	200.00%			0.00%	250.00%
Market based criteria, actual payout percentage																			128.00%
Proceeds from exercise of stock options		2.4	2.4	24.8
Aggregate intrinsic value		$ 3.4	$ 2.9	$ 16.5

Stock-Based Compensation Valuation Assumptions (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Price on Measurement Date	$ 106.44
Expected Dividend Yield	2.10%
Expected Volatility	22.70%
Risk Free Interest Rate	1.00%
Expected Term	3 years
Weighted Avg. Grant Date Fair Value	$ 95.96

Stock-Based Compensation Restricted Stock Option Activity (Details) (USD $)	1 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014 Restricted Stock Units RSU	Dec. 31, 2013 Restricted Stock Units RSU	Dec. 31, 2012 Restricted Stock Units RSU
Number of Shares
OUTSTANDING AT DECEMBER 31, 2013		167,000
Shares granted		87,000
Shares vested		(83,000)
Shares forfeited		(4,000)
OUTSTANDING AT DECEMBER 31, 2014		167,000	167,000
Weighted Average Exercise Price (USD per share)
OUTSTANDING AT DECEMBER 31, 2013		$ 91.17
Granted	$ 106.44	$ 105.35	$ 105.83	$ 82.18
Shares vested		$ 83.73
Forfeited		$ 76.28
OUTSTANDING AT DECEMBER 31, 2014	$ 95.96	$ 102.22	$ 91.17

Stock-Based Compensation Stock Appreciation RIghts (Details) (USD $) In Thousands, except Share data, unless otherwise specified	1 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014
Weighted Average Exercise Price (USD per share)
Granted	$ 106.44
Exercised		$ 47.95
OUTSTANDING AT DECEMBER 31, 2014	$ 95.96	$ 95.96
Options, exercisable, weighted average exercise price	$ 0	$ 0
Aggregate intrinsic value, exercisable	$ 0	$ 0
Stock Appreciation Rights SARS
Number of Rights
OUTSTANDING AT DECEMBER 31, 2013		1,531,000
Shares granted		251,000
Exercised		(314,000)
Shares forfeited		(3,000)
OUTSTANDING AT DECEMBER 31, 2014	1,465,000	1,465,000
EXERCISABLE AT DECEMBER 31, 2014	947,000	947,000
Weighted Average Exercise Price (USD per share)
OUTSTANDING AT DECEMBER 31, 2013		$ 69.68
Granted		$ 106.73
Exercised		$ 57.16
Forfeited		$ 95.63
OUTSTANDING AT DECEMBER 31, 2014	$ 78.64	$ 78.64
Options, exercisable, weighted average exercise price	$ 65.79	$ 65.79
Weighted average remaining contractual term, outstanding share		7 years 5 months
Weighted average remaining contractual term, exercisable		6 years 5 months
Aggregate intrinsic value, outstanding	41,601	41,601
Aggregate intrinsic value, exercisable	$ 38,950	$ 38,950

Stock-Based Compensation Fair Value Assumptions (Details) (USD $)	1 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2014 Stock Appreciation Rights SARS	Dec. 31, 2013 Stock Appreciation Rights SARS	Dec. 31, 2012 Stock Appreciation Rights SARS	Dec. 31, 2014 Performance Shares	Dec. 31, 2013 Performance Shares	Dec. 31, 2012 Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Dividend Yield		2.10%	2.00%	1.90%	2.00%	2.10%	1.90%	2.00%
Expected Volatility		22.70%	21.80%	28.30%	29.40%	22.70%	33.80%	27.30%
Risk Free Interest Rate		1.00%	1.60%	1.60%	0.70%	1.00%	0.60%	0.40%
Expected Term		3 years	5 years 4 months	5 years 5 months	5 years 6 months	3 years	3 years	3 years
Stock Price on Measurement Date	$ 106.44	$ 106.44				$ 106.44	$ 107.87	$ 83.73
Weighted Avg. Grant Date Fair Value of 1 SAR			$ 18.42	$ 24.58	$ 18.13
Weighted Avg. Grant Date Fair Value	$ 106.44		$ 106.73			$ 117.55	$ 130.33	$ 100.77

Stock-Based Compensation Stock Option Activity (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014
Number of Shares
OUTSTANDING AT DECEMBER 31, 2013	51
Exercised	(51)
OUTSTANDING AT DECEMBER 31, 2014	0
EXERCISABLE AT DECEMBER 31, 2014	0
Weighted Average Exercise Price (USD per share)
Weighted average exercise price (USD per share)	$ 47.95
Exercised	$ 47.95
Weighted average exercise price (USD per share)	$ 0
Options, exercisable, weighted average exercise price	$ 0
Aggregate intrinsic value, outstanding	$ 0
Aggregate intrinsic value, exercisable	$ 0

Earnings Per Share (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended								12 Months Ended			1 Months Ended	12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014 Performance Shares	Dec. 31, 2014 Performance Shares	Dec. 31, 2013 Performance Shares	Dec. 31, 2012 Performance Shares
Earnings Per Share [Abstract]
Net Income attributable to Hubbell	$ 81.3	$ 89.6	$ 90.2	$ 64.2	$ 82.0	$ 96.5	$ 82.1	$ 65.9	$ 325.3	$ 326.5	$ 299.7
Less: Earning allocated to participating securities, basic									0.9	1.0	1.0
Less: Earning allocated to participating securities, diluted									0.9	1.0	1.0
Net income available to common shareholders									$ 324.4	$ 325.5	$ 298.7
Average number of common shares outstanding									58,800,000	59,100,000	59,100,000
Potential dilutive shares									400,000	500,000	700,000
Average number of diluted shares outstanding									59,200,000	59,600,000	59,800,000
Basic (USD per share)	$ 1.39	$ 1.52	$ 1.53	$ 1.08	$ 1.39	$ 1.63	$ 1.38	$ 1.11	$ 5.51	$ 5.51	$ 5.05
Diluted (USD per share)	$ 1.38	$ 1.51	$ 1.51	$ 1.08	$ 1.38	$ 1.62	$ 1.37	$ 1.10	$ 5.48	$ 5.47	$ 5.00
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares granted												28,871	28,871	30,730	38,656
Antidilutive sdecurities excluded from computation of earnings per share, amount									0	0	0

Accumulated Other Comprehensive Loss Changes in Accumulated Other Comprehensive Loss (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (71.0)	$ (119.1)	$ (150.4)
Other comprehensive income (loss) before Reclassifications	(94.7)	40.1	20.6
Amounts reclassified from accumulated other comprehensive loss	1.4	8.0	10.7
Other comprehensive (loss) income	(93.3)	48.1	31.3
Ending balance	(164.3)	(71.0)	(119.1)
Cash flow hedges gain (loss):
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(0.2)	(0.5)	(0.2)
Other comprehensive income (loss) before Reclassifications	0.9	0.6	(0.4)
Amounts reclassified from accumulated other comprehensive loss	(0.7)	(0.3)	0.1
Other comprehensive (loss) income	0.2	0.3	(0.3)
Ending balance	0	(0.2)	(0.5)
Unrealized Gain (Loss) on Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	0.4	0.7	1.0
Other comprehensive income (loss) before Reclassifications	(0.1)	(0.3)	(0.3)
Amounts reclassified from accumulated other comprehensive loss	0	0	0
Other comprehensive (loss) income	(0.1)	(0.3)	(0.3)
Ending balance	0.3	0.4	0.7
Amortization of defined benefit pension and post retirement benefit items:
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(67.0)	(130.1)	(153.7)
Other comprehensive income (loss) before Reclassifications	(59.8)	54.8	13.0
Amounts reclassified from accumulated other comprehensive loss	2.1	8.3	10.6
Other comprehensive (loss) income	(57.7)	63.1	23.6
Ending balance	(124.7)	(67.0)	(130.1)
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(4.2)	10.8	2.5
Other comprehensive income (loss) before Reclassifications	(35.7)	(15.0)	8.3
Amounts reclassified from accumulated other comprehensive loss	0	0	0
Other comprehensive (loss) income	(35.7)	(15.0)	8.3
Ending balance	$ (39.9)	$ (4.2)	$ 10.8

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References+ Details

Accumulated Other Comprehensive Loss Reclassifications Out of Accumulated Other Comprehensive Loss (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold									$ 2,250.4	$ 2,113.4	$ 2,032.2
Income before income taxes									485.5	473.8	441.8
Provision for income taxes									(158.3)	(144.0)	(139.7)
Net income	80.6	90.5	90.8	65.3	82.8	97.2	83.0	66.8	327.2	329.8	302.1
Cash flow hedges gain (loss):
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold									1.0	0.4
Income before income taxes									1.0	0.4
Provision for income taxes									(0.3)	(0.1)
Net income									0.7	0.3
Amortization of defined benefit pension and post retirement benefit items:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Prior-service costs									0.8	0.8
Actuarial gains/(losses)									(3.8)	(13.7)
Income before income taxes									(3.0)	(12.9)
Provision for income taxes									0.9	4.6
Net income									(2.1)	(8.3)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income									$ (1.4)	$ (8.0)

Industry Segments Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Net Sales:
Net sales	$ 848.8	$ 895.3	$ 855.8	$ 759.5	$ 806.6	$ 835.9	$ 801.3	$ 740.1	$ 3,359.4	$ 3,183.9	$ 3,044.4
Operating Income:
Operating Income									517.4	507.6	471.8
Interest expense									(31.2)	(30.8)	(30.8)
Investment income and other expense, net									(0.7)	(3.0)	0.8
Income before income taxes									485.5	473.8	441.8
Assets:
Assets	3,322.8				3,187.2				3,322.8	3,187.2	2,947.0
Capital Expenditures:
Capital expenditures									60.3	58.8	49.1
Depreciation and Amortization:
Depreciation and amortization									79.2	70.6	66.8
Electrical
Net Sales:
Net sales									2,398.2	2,262.6	2,114.6
Operating Income:
Operating Income									337.9	341.1	303.7
Assets:
Assets	1,963.0				1,813.8				1,963.0	1,813.8	1,659.2
Capital Expenditures:
Capital expenditures									35.1	32.4	27.1
Depreciation and Amortization:
Depreciation and amortization									53.4	48.0	45.8
Power
Net Sales:
Net sales											929.8
Operating Income:
Operating Income									179.5	166.5	168.1
Assets:
Assets	832.0				707.0				832.0	707.0	710.4
Capital Expenditures:
Capital expenditures									21.8	25.0	20.4
Depreciation and Amortization:
Depreciation and amortization									25.8	22.6	21.0
General Corporate
Assets:
Assets	527.8				666.4				527.8	666.4	577.4
Capital Expenditures:
Capital expenditures									$ 3.4	$ 1.4	$ 1.6

Industry Segments and Geographic Area Information Geographic Area (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Net Sales:
Net sales	$ 848.8	$ 895.3	$ 855.8	$ 759.5	$ 806.6	$ 835.9	$ 801.3	$ 740.1	$ 3,359.4	$ 3,183.9	$ 3,044.4
Operating Income:
Operating Income									517.4	507.6	471.8
Long-lived Assets:
Long-Lived Assets	1,692.2				1,553.7				1,692.2	1,553.7	1,452.4
United States
Net Sales:
Net sales									2,883.8	2,687.6	2,541.6
Operating Income:
Operating Income									447.2	417.5	383.8
Long-lived Assets:
Long-Lived Assets	1,492.5				1,341.4				1,492.5	1,341.4	1,225.4
International
Net Sales:
Net sales									475.6	496.3	502.8
Operating Income:
Operating Income									70.2	90.1	88.0
Long-lived Assets:
Long-Lived Assets	$ 199.7				$ 212.3				$ 199.7	$ 212.3	$ 227.0

Industry Segments and Geographic Area Information Narrative (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Concentration Risk [Line Items]
Export sales from United States	$ 234.5	$ 213.0	$ 243.9
Net Sales Total \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	14.00%	16.00%	17.00%
Long-lived assets Total \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	12.00%	14.00%	16.00%
SWITZERLAND \| International Net Sales \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%
CANADA \| International Net Sales \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	31.00%
CANADA \| International Long-lived assets \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	18.00%
UNITED KINGDOM \| International Net Sales \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	26.00%
UNITED KINGDOM \| International Long-lived assets \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	28.00%
MEXICO \| International Net Sales \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%
MEXICO \| International Long-lived assets \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	20.00%
BRAZIL \| International Net Sales \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%

Guarantees (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014
Movement in Standard Product Warranty Accrual [Roll Forward]
BALANCE AT DECEMBER 31, 2013	$ 6.6
Provision	18.3
Expenditures/other	(11.2)
BALANCE AT DECEMBER 31, 2014	$ 13.7

Quarterly Financial Data (Unaudited) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]
Net Sales	$ 848.8	$ 895.3	$ 855.8	$ 759.5	$ 806.6	$ 835.9	$ 801.3	$ 740.1	$ 3,359.4	$ 3,183.9	$ 3,044.4
Gross Profit	275.3	296.2	292.5	245.0	270.9	291.3	272.0	236.3	1,109.0	1,070.5	1,012.2
Net income	80.6	90.5	90.8	65.3	82.8	97.2	83.0	66.8	327.2	329.8	302.1
Net Income attributable to Hubbell	$ 81.3	$ 89.6	$ 90.2	$ 64.2	$ 82.0	$ 96.5	$ 82.1	$ 65.9	$ 325.3	$ 326.5	$ 299.7
Earning Per Share - Basic (USD per share)	$ 1.39	$ 1.52	$ 1.53	$ 1.08	$ 1.39	$ 1.63	$ 1.38	$ 1.11	$ 5.51	$ 5.51	$ 5.05
Earning Per Share - Diluted (USD per share)	$ 1.38	$ 1.51	$ 1.51	$ 1.08	$ 1.38	$ 1.62	$ 1.37	$ 1.10	$ 5.48	$ 5.47	$ 5.00

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References+ Details

Valuation and Qualifying Accounts and Reserves (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Allowances for doubtful accounts receivable:
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 2.1	$ 3.2	$ 3.0
Additions / (Reversals) Charged to Costs and Expenses	1.6	(0.2)	1.4
Deductions	(0.3)	(0.9)	(1.2)
Acquisitions	0	0	0
Balance at End of Year	3.4	2.1	3.2
Allowance for credit memos, returns and cash discounts:
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	31.6	22.9	22.8
Additions / (Reversals) Charged to Costs and Expenses	222.4	208.0	192.5
Deductions	(217.3)	(199.3)	(192.4)
Acquisitions	0	0	0
Balance at End of Year	36.7	31.6	22.9
Valuation allowance on deferred tax assets:
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	28.5	26.1	19.7
Additions / (Reversals) Charged to Costs and Expenses	4.5	2.6	6.4
Deductions	0	(0.2)	0
Acquisitions	1.3	0	0
Balance at End of Year	$ 34.3	$ 28.5	$ 26.1

Consolidated Statement of Changes in Equity (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Stockholders' Equity [Abstract]
Common stock, dividends declared (USD per share)	$ 2.06	$ 1.85	$ 1.68

Investments - Narrative (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]
Unrealized gains on available-for-sale securities, net of tax	$ 0.3	$ 0.4

Fair Value Measurement Derivative Instruments (Details) (Deferred taxes and other, USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Deferred taxes and other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Forward exchange contracts designated as cash flow hedges	$ 0.7	$ 0.4

Subsequent Event (Details) (Subsequent Event, USD $) In Millions, unless otherwise specified	1 Months Ended	0 Months Ended
	Jan. 31, 2015	Jan. 21, 2015 Acme	Jan. 21, 2015 Turner	Jan. 20, 2015 EC&M
Subsequent Event [Line Items]
Purchase price	$ 126	$ 67	$ 38	$ 21