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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 01, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 23.8 $ 17.4
Short-term investments 5.7 2.0
Receivables 258.1 218.4
Allowance for doubtful accounts (2.6) (3.2)
Inventories, net 234.8 180.1
Prepaid expenses and other current assets 58.9 52.5
Assets held for sale 18.9 1.9
Total Current Assets 597.7 469.2
Property, Plant, and Equipment:    
Land and land improvements 58.5 30.8
Buildings 410.0 275.4
Machinery and equipment 682.7 602.6
Construction in progress 41.7 34.2
Property plant and equipment 1,192.9 942.9
Less: Accumulated depreciation (613.3) (590.3)
Net Property, Plant, and Equipment 579.6 352.5
Right-of-use Finance Leases 11.8 11.4
Right-of-use Operating Leases 124.3 88.4
Goodwill and Other Intangible Assets, net 701.8 439.8
Other Assets 60.4 53.2
Total Assets 2,075.6 1,414.5
Current Liabilities:    
Accounts payable and accrued expenses 438.8 367.7
Current maturities of debt 1.1 1.3
Current maturities of other long-term obligations 7.3 2.1
Current lease obligations - Finance 4.0 3.7
Current lease obligations - Operating 23.8 20.3
Liabilities held for sale 14.4 0.0
Total Current Liabilities 489.4 395.1
Long-Term Debt 597.1 188.8
Long-Term Lease Obligations - Finance 7.7 7.7
Long-Term Lease Obligations - Operating 114.0 78.9
Other Long-Term Liabilities 79.3 66.3
Deferred Income Taxes 72.9 61.0
Total Liabilities 1,360.3 797.7
Equity:    
HNI Corporation shareholders’ equity 715.0 616.5
Non-controlling interest 0.3 0.3
Total Equity 715.3 616.8
Total Liabilities and Equity $ 2,075.6 $ 1,414.5