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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 29, 2024
Dec. 30, 2023
Current Assets:    
Cash and cash equivalents $ 28.2 $ 28.9
Short-term investments 5.3 5.6
Receivables 258.9 247.1
Allowance for doubtful accounts (2.3) (3.5)
Inventories, net 222.8 196.6
Prepaid expenses and other current assets 55.1 61.3
Total Current Assets 568.1 535.9
Property, Plant, and Equipment:    
Land and land improvements 59.2 58.9
Buildings 413.4 406.8
Machinery and equipment 708.1 705.8
Construction in progress 23.3 22.2
Property plant and equipment 1,204.1 1,193.7
Less accumulated depreciation (656.0) (638.5)
Net Property, Plant, and Equipment 548.1 555.2
Right-of-use - Finance Leases 12.7 12.2
Right-of-use - Operating Leases 111.5 115.2
Goodwill and Other Intangible Assets, net 638.7 651.9
Other Assets 61.8 58.4
Total Assets 1,940.8 1,928.8
Current Liabilities:    
Accounts payable and accrued expenses 390.9 418.7
Current maturities of debt 50.7 7.5
Current maturities of other long-term obligations 2.2 7.3
Current lease obligations - Finance 4.8 4.4
Current lease obligations - Operating 25.7 25.9
Total Current Liabilities 474.2 463.7
Long-Term Debt 411.7 428.3
Long-Term Lease Obligations - Finance 7.9 7.9
Long-Term Lease Obligations - Operating 101.6 104.0
Other Long-Term Liabilities 79.6 78.0
Deferred Income Taxes 77.7 85.1
Total Liabilities 1,152.7 1,167.0
Equity:    
HNI Corporation shareholders’ equity 787.8 761.4
Non-controlling interest 0.3 0.3
Total Equity 788.1 761.8
Total Liabilities and Equity $ 1,940.8 $ 1,928.8