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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 28, 2024
Dec. 30, 2023
Current Assets:    
Cash and cash equivalents $ 22.5 $ 28.9
Short-term investments 6.4 5.6
Receivables 248.4 247.1
Allowance for doubtful accounts (2.0) (3.5)
Inventories, net 194.3 196.6
Prepaid expenses and other current assets 54.9 61.3
Total Current Assets 524.5 535.9
Property, Plant, and Equipment:    
Land and land improvements 58.5 58.9
Buildings 407.9 406.8
Machinery and equipment 685.9 705.8
Construction in progress 25.9 22.2
Property plant and equipment 1,178.2 1,193.7
Less accumulated depreciation (648.6) (638.5)
Net Property, Plant, and Equipment 529.6 555.2
Right-of-use - Finance Leases 14.3 12.2
Right-of-use - Operating Leases 121.8 115.2
Goodwill and Other Intangible Assets, net 624.3 651.9
Other Assets 60.7 58.4
Total Assets 1,875.1 1,928.8
Current Liabilities:    
Accounts payable and accrued expenses 391.2 418.7
Current maturities of debt 50.3 7.5
Current maturities of other long-term obligations 2.3 7.3
Current lease obligations - Finance 5.6 4.4
Current lease obligations - Operating 28.1 25.9
Total Current Liabilities 477.5 463.7
Long-Term Debt 294.3 428.3
Long-Term Lease Obligations - Finance 8.9 7.9
Long-Term Lease Obligations - Operating 109.6 104.0
Other Long-Term Liabilities 72.9 78.0
Deferred Income Taxes 71.6 85.1
Total Liabilities 1,034.7 1,167.0
HNI Corporation shareholders’ equity:    
Preferred stock - $1 par value, authorized 2.0 million shares, no shares outstanding 0.0 0.0
Common stock - $1 par value, authorized 200.0 million shares, outstanding: December 28, 2024 - 47.2 million shares; December 30, 2023 - 46.9 million shares 47.2 46.9
Additional paid-in capital 201.5 201.6
Retained earnings 599.6 523.6
Accumulated other comprehensive loss (8.3) (10.6)
Total HNI Corporation shareholders’ equity 840.1 761.4
Non-controlling interest 0.3 0.3
Total Equity 840.4 761.8
Total Liabilities and Equity $ 1,875.1 $ 1,928.8