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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 28, 2024
Dec. 30, 2023
Current Assets:    
Cash and cash equivalents $ 34.3 $ 28.9
Short-term investments 5.9 5.6
Receivables 261.1 247.1
Allowance for doubtful accounts (2.3) (3.5)
Inventories, net 210.3 196.6
Prepaid expenses and other current assets 52.4 61.3
Total Current Assets 561.7 535.9
Property, Plant, and Equipment:    
Land and land improvements 59.4 58.9
Buildings 416.8 406.8
Machinery and equipment 699.4 705.8
Construction in progress 20.7 22.2
Property plant and equipment 1,196.4 1,193.7
Less accumulated depreciation (656.9) (638.5)
Net Property, Plant, and Equipment 539.5 555.2
Right-of-use - Finance Leases 12.2 12.2
Right-of-use - Operating Leases 107.4 115.2
Goodwill and Other Intangible Assets, net 631.5 651.9
Other Assets 61.2 58.4
Total Assets 1,913.4 1,928.8
Current Liabilities:    
Accounts payable and accrued expenses 431.3 418.7
Current maturities of debt 50.9 7.5
Current maturities of other long-term obligations 2.2 7.3
Current lease obligations - Finance 4.9 4.4
Current lease obligations - Operating 25.0 25.9
Total Current Liabilities 514.3 463.7
Long-Term Debt 294.5 428.3
Long-Term Lease Obligations - Finance 7.4 7.9
Long-Term Lease Obligations - Operating 98.3 104.0
Other Long-Term Liabilities 78.8 78.0
Deferred Income Taxes 73.1 85.1
Total Liabilities 1,066.4 1,167.0
Equity:    
HNI Corporation shareholders’ equity 846.6 761.4
Non-controlling interest 0.3 0.3
Total Equity 846.9 761.8
Total Liabilities and Equity $ 1,913.4 $ 1,928.8