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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 30, 2024
Dec. 30, 2023
Current Assets:    
Cash and cash equivalents $ 27.0 $ 28.9
Short-term investments 5.5 5.6
Receivables 231.9 247.1
Allowance for doubtful accounts (2.8) (3.5)
Inventories, net 212.1 196.6
Prepaid expenses and other current assets 53.5 61.3
Total Current Assets 527.2 535.9
Property, Plant, and Equipment:    
Land and land improvements 59.0 58.9
Buildings 409.6 406.8
Machinery and equipment 714.5 705.8
Construction in progress 21.8 22.2
Property plant and equipment 1,204.8 1,193.7
Less accumulated depreciation (652.6) (638.5)
Net Property, Plant, and Equipment 552.2 555.2
Right-of-use - Finance Leases 11.7 12.2
Right-of-use - Operating Leases 113.8 115.2
Goodwill and Other Intangible Assets, net 645.9 651.9
Other Assets 61.8 58.4
Total Assets 1,912.6 1,928.8
Current Liabilities:    
Accounts payable and accrued expenses 363.7 418.7
Current maturities of debt 12.8 7.5
Current maturities of other long-term obligations 2.0 7.3
Current lease obligations - Finance 4.4 4.4
Current lease obligations - Operating 24.9 25.9
Total Current Liabilities 407.7 463.7
Long-Term Debt 460.2 428.3
Long-Term Lease Obligations - Finance 7.3 7.9
Long-Term Lease Obligations - Operating 103.7 104.0
Other Long-Term Liabilities 78.8 78.0
Deferred Income Taxes 83.0 85.1
Total Liabilities 1,140.8 1,167.0
Equity:    
HNI Corporation shareholders’ equity 771.5 761.4
Non-controlling interest 0.3 0.3
Total Equity 771.8 761.8
Total Liabilities and Equity $ 1,912.6 $ 1,928.8