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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 29, 2025
Dec. 28, 2024
Current Assets:    
Cash and cash equivalents $ 21.1 $ 22.5
Short-term investments 6.4 6.4
Receivables 236.4 248.4
Allowance for doubtful accounts (1.9) (2.0)
Inventories, net 205.0 194.3
Prepaid expenses and other current assets 48.7 50.0
Assets held for sale 13.6 4.9
Total Current Assets 529.3 524.5
Property, Plant, and Equipment:    
Land and land improvements 56.9 58.5
Buildings 407.9 407.9
Machinery and equipment 666.4 685.9
Construction in progress 26.5 25.9
Property plant and equipment 1,157.7 1,178.2
Less accumulated depreciation (638.7) (648.6)
Net Property, Plant, and Equipment 519.0 529.6
Right-of-use - Finance Leases 14.0 14.3
Right-of-use - Operating Leases 116.5 121.8
Goodwill and Other Intangible Assets, net 617.5 624.3
Other Assets 61.9 60.7
Total Assets 1,858.1 1,875.1
Current Liabilities:    
Accounts payable and accrued expenses 348.8 391.2
Current maturities of debt 50.0 50.3
Current maturities of other long-term obligations 2.9 2.3
Current lease obligations - Finance 5.4 5.6
Current lease obligations - Operating 29.1 28.1
Liabilities held for sale 7.6 0.0
Total Current Liabilities 443.7 477.5
Long-Term Debt 354.7 294.3
Long-Term Lease Obligations - Finance 8.8 8.9
Long-Term Lease Obligations - Operating 103.5 109.6
Other Long-Term Liabilities 74.1 72.9
Deferred Income Taxes 69.5 71.6
Total Liabilities 1,054.2 1,034.7
Equity:    
HNI Corporation shareholders’ equity 803.6 840.1
Non-controlling interest 0.3 0.3
Total Equity 803.9 840.4
Total Liabilities and Equity $ 1,858.1 $ 1,875.1