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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 01, 2022
Jan. 01, 2022
Current Assets:    
Cash and cash equivalents $ 21.1 $ 52.3
Short-term investments 2.0 1.4
Receivables 243.8 240.0
Allowance for doubtful accounts (2.4) (2.8)
Inventories, net 222.2 181.6
Prepaid expenses and other current assets 53.4 51.1
Total Current Assets 540.0 523.5
Property, Plant, and Equipment:    
Land and land improvements 31.0 30.9
Buildings 292.3 294.5
Machinery and equipment 589.3 593.6
Construction in progress 31.9 29.7
Property plant and equipment 944.5 948.7
Less: Accumulated depreciation (595.4) (581.9)
Net Property, Plant, and Equipment 349.1 366.8
Right-of-use Finance Leases 11.0 10.2
Right-of-use Operating Leases 92.3 82.9
Goodwill and Other Intangible Assets, Net 451.9 471.5
Other Assets 54.3 43.1
Total Assets 1,498.6 1,497.9
Current Liabilities:    
Accounts payable and accrued expenses 435.0 473.8
Current maturities of debt 1.2 3.2
Current maturities of other long-term obligations 2.0 3.9
Current lease obligations - Finance 3.3 2.8
Current lease obligations - Operating 18.8 22.8
Total Current Liabilities 460.4 506.4
Long-Term Debt 199.7 174.6
Long-Term Lease Obligations - Finance 7.7 7.4
Long-Term Lease Obligations - Operating 82.3 63.8
Other Long-Term Liabilities 77.5 80.7
Deferred Income Taxes 64.6 75.0
Total Liabilities 892.2 907.9
Equity:    
HNI Corporation shareholders' equity 606.1 589.6
Non-controlling interest 0.3 0.3
Total Equity 606.4 590.0
Total Liabilities and Equity $ 1,498.6 $ 1,497.9