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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 24.4 $ 17.4
Short-term investments 5.8 2.0
Receivables 262.2 218.4
Allowance for doubtful accounts (3.4) (3.2)
Inventories, net 228.9 180.1
Prepaid expenses and other current assets 54.5 54.4
Total Current Assets 572.4 469.2
Property, Plant, and Equipment:    
Land and land improvements 58.7 30.8
Buildings 403.1 275.4
Machinery and equipment 689.2 602.6
Construction in progress 32.9 34.2
Property plant and equipment 1,184.0 942.9
Less: Accumulated depreciation (624.2) (590.3)
Net Property, Plant, and Equipment 559.8 352.5
Right-of-use Finance Leases 12.1 11.4
Right-of-use Operating Leases 119.4 88.4
Goodwill and Other Intangible Assets, net 693.3 439.8
Other Assets 60.0 53.2
Total Assets 2,017.0 1,414.5
Current Liabilities:    
Accounts payable and accrued expenses 450.8 367.7
Current maturities of debt 15.4 1.3
Current maturities of other long-term obligations 7.5 2.1
Current lease obligations - Finance 4.3 3.7
Current lease obligations - Operating 24.3 20.3
Total Current Liabilities 502.3 395.1
Long-Term Debt 493.2 188.8
Long-Term Lease Obligations - Finance 7.9 7.7
Long-Term Lease Obligations - Operating 109.0 78.9
Other Long-Term Liabilities 81.2 66.3
Deferred Income Taxes 82.3 61.0
Total Liabilities 1,275.9 797.7
Equity:    
HNI Corporation shareholders’ equity 740.8 616.5
Non-controlling interest 0.3 0.3
Total Equity 741.1 616.8
Total Liabilities and Equity $ 2,017.0 $ 1,414.5