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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 28, 2025
Dec. 28, 2024
Current Assets:    
Cash and cash equivalents $ 32.0 $ 22.5
Short-term investments 6.2 6.4
Receivables 292.4 248.4
Allowance for doubtful accounts (1.7) (2.0)
Inventories, net 216.5 194.3
Prepaid expenses and other current assets 52.3 54.9
Total Current Assets 597.6 524.5
Property, Plant, and Equipment:    
Land and land improvements 56.9 58.5
Buildings 411.8 407.9
Machinery and equipment 664.1 685.9
Construction in progress 29.9 25.9
Property plant and equipment 1,162.7 1,178.2
Less accumulated depreciation (647.6) (648.6)
Net Property, Plant, and Equipment 515.0 529.6
Right-of-use - Finance Leases 12.7 14.3
Right-of-use - Operating Leases 114.2 121.8
Goodwill and Other Intangible Assets, net 610.6 624.3
Other Assets 61.9 60.7
Total Assets 1,912.0 1,875.1
Current Liabilities:    
Accounts payable and accrued expenses 370.8 391.2
Current maturities of debt 0.0 50.3
Current maturities of other long-term obligations 3.1 2.3
Current lease obligations - Finance 4.9 5.6
Current lease obligations - Operating 31.8 28.1
Total Current Liabilities 410.7 477.5
Long-Term Debt 444.4 294.3
Long-Term Lease Obligations - Finance 8.0 8.9
Long-Term Lease Obligations - Operating 98.5 109.6
Other Long-Term Liabilities 74.6 72.9
Deferred Income Taxes 64.8 71.6
Total Liabilities 1,101.0 1,034.7
Equity:    
HNI Corporation shareholders’ equity 811.0 840.1
Non-controlling interest 0.0 0.3
Total Equity 811.0 840.4
Total Liabilities and Equity $ 1,912.0 $ 1,875.1