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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 02, 2022
Jan. 01, 2022
Current Assets:    
Cash and cash equivalents $ 19.6 $ 52.3
Short-term investments 1.0 1.4
Receivables 255.3 240.0
Allowance for doubtful accounts (2.7) (2.8)
Inventories, net 227.0 181.6
Prepaid expenses and other current assets 53.4 51.1
Assets held for sale 71.2 0.0
Total Current Assets 624.7 523.5
Property, Plant, and Equipment:    
Land and land improvements 30.9 30.9
Buildings 291.1 294.5
Machinery and equipment 581.3 593.6
Construction in progress 26.9 29.7
Property plant and equipment 930.2 948.7
Less: Accumulated depreciation (584.0) (581.9)
Net Property, Plant, and Equipment 346.1 366.8
Right-of-use Finance Leases 11.3 10.2
Right-of-use Operating Leases 91.4 82.9
Goodwill and Other Intangible Assets 458.2 471.5
Other Assets 55.1 43.1
Total Assets 1,586.7 1,497.9
Current Liabilities:    
Accounts payable and accrued expenses 423.4 473.8
Current maturities of debt 1.7 3.2
Current maturities of other long-term obligations 2.1 3.9
Current lease obligations - Finance 3.3 2.8
Current lease obligations - Operating 20.5 22.8
Liabilities held for sale 41.1 0.0
Total Current Liabilities 492.1 506.4
Long-Term Debt 308.7 174.6
Long-Term Lease Obligations - Finance 7.9 7.4
Long-Term Lease Obligations - Operating 75.9 63.8
Other Long-Term Liabilities 78.5 80.7
Deferred Income Taxes 61.7 75.0
Total Liabilities 1,024.7 907.9
Equity:    
HNI Corporation shareholders' equity 561.7 589.6
Non-controlling interest 0.3 0.3
Total Equity 562.0 590.0
Total Liabilities and Equity $ 1,586.7 $ 1,497.9