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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 01, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 16.8 $ 17.4
Short-term investments 2.0 2.0
Receivables 190.9 218.4
Allowance for doubtful accounts (3.4) (3.2)
Inventories, net 191.1 180.1
Prepaid expenses and other current assets 49.8 54.4
Total Current Assets 447.1 469.2
Property, Plant, and Equipment:    
Land and land improvements 30.7 30.8
Buildings 278.3 275.4
Machinery and equipment 607.3 602.6
Construction in progress 39.8 34.2
Property plant and equipment 956.2 942.9
Less: Accumulated depreciation (601.4) (590.3)
Net Property, Plant, and Equipment 354.8 352.5
Right-of-use Finance Leases 10.9 11.4
Right-of-use Operating Leases 84.8 88.4
Goodwill and Other Intangible Assets, net 432.6 439.8
Other Assets 52.6 53.2
Total Assets 1,382.8 1,414.5
Current Liabilities:    
Accounts payable and accrued expenses 326.3 367.7
Current maturities of debt 1.6 1.3
Current maturities of other long-term obligations 2.7 2.1
Current lease obligations - Finance 3.8 3.7
Current lease obligations - Operating 18.3 20.3
Total Current Liabilities 352.6 395.1
Long-Term Debt 206.3 188.8
Long-Term Lease Obligations - Finance 7.1 7.7
Long-Term Lease Obligations - Operating 75.6 78.9
Other Long-Term Liabilities 67.6 66.3
Deferred Income Taxes 60.4 61.0
Total Liabilities 769.7 797.7
Equity:    
HNI Corporation shareholders’ equity 612.8 616.5
Non-controlling interest 0.3 0.3
Total Equity 613.2 616.8
Total Liabilities and Equity $ 1,382.8 $ 1,414.5