HNI (HNI) 10-Q 8 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover	6 Months Ended
	Jul. 01, 2023 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 01, 2023
Document Transition Report	false
Entity File Number	1-14225
Entity Registrant Name	HNI Corporation
Entity Incorporation, State or Country Code	IA
Entity Tax Identification Number	42-0617510
Entity Address, Address Line One	600 East Second Street
Entity Address, Address Line Two	P.O. Box 1109
Entity Address, City or Town	Muscatine
Entity Address, State or Province	IA
Entity Address, Postal Zip Code	52761-0071
City Area Code	563
Local Phone Number	272-7400
Title of 12(b) Security	Common Stock
Trading Symbol	HNI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	46,548,782
Entity Central Index Key	0000048287
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-30

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Income Statement [Abstract]
Net sales	$ 563.5	$ 621.7	$ 1,042.5	$ 1,194.1
Cost of sales	347.9	401.2	652.7	776.6
Gross profit	215.5	220.6	389.8	417.5
Selling and administrative expenses	211	189.7	378.9	366.1
Restructuring and impairment charges	8.1	1	8.1	1
Operating income (loss)	(3.6)	29.9	2.9	50.3
Interest expense, net	5.5	2.1	8.2	4.1
Income (loss) before income taxes	(9)	27.8	(5.3)	46.2
Income taxes	3.8	(2.5)	6	1.8
Net income (loss)	(12.8)	30.3	(11.3)	44.5
Less: Net income (loss) attributable to non-controlling interest	0	0	0	0
Net income (loss) attributable to HNI Corporation	$ (12.8)	$ 30.3	$ (11.3)	$ 44.5
Average number of common shares outstanding – basic (in shares)	43.3	41.8	42.4	42.1
Net income (loss) attributable to HNI Corporation per common share – basic (in dollars per share)	$ (0.30)	$ 0.73	$ (0.27)	$ 1.06
Average number of common shares outstanding – diluted (in shares)	43.3	42.4	42.4	42.7
Net income (loss) attributable to HNI Corporation per common share – diluted (in dollars per share)	$ (0.30)	$ 0.72	$ (0.27)	$ 1.04
Foreign currency translation adjustments	$ 0	$ (1.3)	$ 0	$ (1.8)
Change in unrealized gains (losses) on marketable securities, net of tax	(0.1)	(0.1)	0.1	(0.5)
Change in derivative financial instruments, net of tax	0	0.1	(0.1)	1
Other comprehensive income (loss), net of tax	(0.1)	(1.3)	0	(1.3)
Comprehensive income (loss)	(12.9)	29	(11.2)	43.1
Less: Comprehensive income (loss) attributable to non-controlling interest	0	0	0	0
Comprehensive income (loss) attributable to HNI Corporation	$ (12.9)	$ 29	$ (11.2)	$ 43.1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 23.8	$ 17.4
Short-term investments	5.7	2
Receivables	258.1	218.4
Allowance for doubtful accounts	(2.6)	(3.2)
Inventories, net	234.8	180.1
Prepaid expenses and other current assets	58.9	52.5
Assets held for sale	18.9	1.9
Total Current Assets	597.7	469.2
Property, Plant, and Equipment:
Land and land improvements	58.5	30.8
Buildings	410	275.4
Machinery and equipment	682.7	602.6
Construction in progress	41.7	34.2
Property plant and equipment	1,192.9	942.9
Less: Accumulated depreciation	(613.3)	(590.3)
Net Property, Plant, and Equipment	579.6	352.5
Right-of-use Finance Leases	11.8	11.4
Right-of-use Operating Leases	124.3	88.4
Goodwill and Other Intangible Assets, net	701.8	439.8
Other Assets	60.4	53.2
Total Assets	2,075.6	1,414.5
Current Liabilities:
Accounts payable and accrued expenses	438.8	367.7
Current maturities of debt	1.1	1.3
Current maturities of other long-term obligations	7.3	2.1
Current lease obligations - Finance	4	3.7
Current lease obligations - Operating	23.8	20.3
Liabilities held for sale	14.4	0
Total Current Liabilities	489.4	395.1
Long-Term Debt	597.1	188.8
Long-Term Lease Obligations - Finance	7.7	7.7
Long-Term Lease Obligations - Operating	114	78.9
Other Long-Term Liabilities	79.3	66.3
Deferred Income Taxes	72.9	61
Total Liabilities	1,360.3	797.7
Equity:
HNI Corporation shareholders’ equity	715	616.5
Non-controlling interest	0.3	0.3
Total Equity	715.3	616.8
Total Liabilities and Equity	$ 2,075.6	$ 1,414.5

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Equity - USD ($) $ in Millions	Total	Dividend Declared	Dividend Paid	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Dividend Declared	Retained Earnings Dividend Paid	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interest
Beginning balance at Jan. 01, 2022	$ 590			$ 42.6	$ 39.2	$ 514.6			$ (6.8)	$ 0.3
Comprehensive income:
Net income (loss)	44.5					44.5				0
Other comprehensive income (loss), net of tax	(1.3)								(1.3)
Dividends		$ (0.4)	$ (26.5)				$ (0.4)	$ (26.5)
Common shares – treasury:
Shares purchased	(63.9)			(1.7)	(11.1)	(51.1)
Shares issued under Members’ Stock Purchase Plan and stock awards, net of tax	19.7			0.4	19.3
Ending balance at Jul. 02, 2022	562			41.3	47.4	481.1			(8.1)	0.3
Beginning balance at Apr. 02, 2022	582			42.4	45.4	500.8			(6.8)	0.3
Comprehensive income:
Net income (loss)	30.3					30.3				0
Other comprehensive income (loss), net of tax	(1.3)								(1.3)
Dividends		(0.4)	(13.4)				(0.4)	(13.4)
Common shares – treasury:
Shares purchased	(40)			(1.1)	(2.6)	(36.3)
Shares issued under Members’ Stock Purchase Plan and stock awards, net of tax	4.7			0.1	4.6
Ending balance at Jul. 02, 2022	562			41.3	47.4	481.1			(8.1)	0.3
Beginning balance at Dec. 31, 2022	616.8			41.4	49.1	534			(8)	0.3
Comprehensive income:
Net income (loss)	(11.3)					(11.3)				0
Other comprehensive income (loss), net of tax	0								0
Dividends		(0.6)	(28.2)				(0.6)	(28.2)
Shares issued in connection with Kimball International, Inc. acquisition	120.8			4.7	116.1
Common shares – treasury:
Shares issued under Members’ Stock Purchase Plan and stock awards, net of tax	17.8			0.4	17.3
Ending balance at Jul. 01, 2023	715.3			46.5	182.5	493.9			(8)	0.3
Beginning balance at Apr. 01, 2023	613.2			41.7	57.1	522			(7.9)	0.3
Comprehensive income:
Net income (loss)	(12.8)					(12.8)				0
Other comprehensive income (loss), net of tax	(0.1)								(0.1)
Dividends		$ (0.3)	$ (14.9)				$ (0.3)	$ (14.9)
Shares issued in connection with Kimball International, Inc. acquisition	120.8			4.7	116.1
Common shares – treasury:
Shares issued under Members’ Stock Purchase Plan and stock awards, net of tax	9.5			0.1	9.4
Ending balance at Jul. 01, 2023	$ 715.3			$ 46.5	$ 182.5	$ 493.9			$ (8)	$ 0.3

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Statement of Stockholders' Equity [Abstract]
Cash dividends, cash paid (in dollars per share)	$ 0.32	$ 0.32	$ 0.64	$ 0.63

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Net Cash Flows From (To) Operating Activities:
Net income (loss)	$ (11.3)	$ 44.5
Non-cash items included in net income (loss):
Depreciation and amortization	42.7	42.4
Other post-retirement and post-employment benefits	0.5	0.7
Stock-based compensation	7.6	8.5
Deferred income taxes	(9.5)	(13.4)
Other – net	2.3	0.6
Net increase (decrease) in cash from operating assets and liabilities	4.8	(105)
Increase (decrease) in other liabilities	2.7	(3.5)
Net cash flows from (to) operating activities	39.8	(25.2)
Net Cash Flows From (To) Investing Activities:
Capital expenditures	(37.7)	(27.9)
Capitalized software	(3.4)	(5.3)
Acquisition spending, net of cash acquired	(369.8)	(9.3)
Purchase of investments	(3.1)	(1.8)
Sales or maturities of investments	3	1.5
Other – net	0.2	0
Net cash flows from (to) investing activities	(410.8)	(42.8)
Net Cash Flows From (To) Financing Activities:
Payments of debt	(161.7)	(159.3)
Proceeds from debt	572.3	291.8
Dividends paid	(28.6)	(26.7)
Purchase of HNI Corporation common stock	0	(65.2)
Proceeds from sales of HNI Corporation common stock	1.2	3.4
Other – net	(5.9)	(2.5)
Net cash flows from (to) financing activities	377.3	41.5
Net increase (decrease) in cash and cash equivalents including cash classified within current assets held for sale	6.3	(26.5)
Less: net increase in cash classified within current assets held for sale	0	6.2
Net increase (decrease) in cash and cash equivalents	6.3	(32.7)
Cash and cash equivalents at beginning of period	17.4	52.3
Cash and cash equivalents at end of period	$ 23.8	$ 19.6

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 01, 2023
Accounting Changes and Error Corrections [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited, condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. The December 31, 2022, consolidated balance sheet included in this Form 10-Q was derived from audited financial statements but does not include all disclosures required by generally accepted accounting principles. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair statement have been included. Operating results for the six-month period ended July 1, 2023, are not necessarily indicative of the results expected for the fiscal year ending December 30, 2023. For further information, refer to the consolidated financial statements and accompanying notes included in HNI Corporation’s (the "Corporation") Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Certain reclassifications have been made within the interim financial information to conform to the current presentation. All dollar amounts presented are in millions, except per share data or where otherwise indicated. Amounts may not sum due to rounding. On June 1, 2023 the Corporation acquired Kimball International, Inc. ("Kimball International"). The Corporation included the financial results of Kimball International in the Condensed Consolidated Financial Statements starting as of the date of acquisition. See "Note 3. Acquisition and Divestitures" in the Notes to Condensed Consolidated Financial Statements for further information.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jul. 01, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers Disaggregation of Revenue Revenue from contracts with customers disaggregated by product category is as follows: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Systems and storage $ 251.4 $ 241.1 $ 433.7 $ 449.0 Seating 123.4 129.6 216.9 239.9 Other 38.3 36.0 62.1 70.9 Total workplace furnishings 413.0 406.7 712.7 759.8 Residential building products 150.4 215.1 329.8 434.3 Net sales $ 563.5 $ 621.7 $ 1,042.5 $ 1,194.1 Sales by product category are subject to similar economic factors and market conditions. See "Note 14. Reportable Segment Information" in the Notes to Condensed Consolidated Financial Statements for further information about operating segments. Contract Assets and Contract Liabilities In addition to trade receivables, the Corporation has contract assets consisting of funds paid up-front to certain workplace furnishings dealers in exchange for their multi-year commitment to market and sell the Corporation’s products. These contract assets are amortized over the term of the contracts and recognized as a reduction of revenue. The Corporation has contract liabilities consisting of customer deposits and rebate and marketing program liabilities. Contract assets and contract liabilities were as follows: July 1, December 31, Trade receivables (1) $ 258.1 $ 218.4 Contract assets (current) (2) $ 3.1 $ 2.9 Contract assets (long-term) (3) $ 30.0 $ 29.8 Contract liabilities - Customer deposits (4) $ 39.7 $ 27.3 Contract liabilities - Accrued rebate and marketing programs (4) $ 32.0 $ 31.3 Increases in Trade receivables and Contract liabilities - Customer deposits balances during the current year to date period are primarily due to the acquisition of Kimball International. Balances as of July 1, 2023 in the table above exclude amounts classified as held for sale. See "Note 17. Held for Sale" in the Notes to Condensed Consolidated Financial Statements for further information. The index below indicates the line item in the Condensed Consolidated Balance Sheets where contract assets and contract liabilities are reported: (1) "Receivables" (2) "Prepaid expenses and other current assets" (3) "Other Assets" (4) "Accounts payable and accrued expenses" Contract liabilities for customer deposits paid to the Corporation prior to the satisfaction of performance obligations are recognized as revenue upon completion of the performance obligations. The contract liability balance related to customer deposits was $27.3 million as of December 31, 2022, of which, $15.9 million was recognized as revenue in the first six months of 2023. Performance Obligations The Corporation recognizes revenue for sales of workplace furnishings and residential building products at a point in time following the transfer of control of such products to the customer, which typically occurs upon shipment of the product. In certain circumstances, transfer of control to the customer does not occur until the goods are received by the customer or upon installation and/or customer acceptance, depending on the terms of the underlying contracts. Contracts typically have a duration of less than one year and normally do not include a significant financing component. Generally, payment is due within 30 days of invoicing. The Corporation’s backlog orders are typically cancellable for a period of time and almost all contracts have an original duration of one year or less. As a result, the Corporation has elected the practical expedient permitted in the revenue accounting standard not to disclose the unsatisfied performance obligation as of period end. The backlog is typically fulfilled within a few months. Significant Judgments The amount of consideration the Corporation receives and revenue recognized varies with changes in rebate and marketing program incentives, as well as early pay discounts, offered to customers. The Corporation uses significant judgment throughout the year in estimating the reduction in net sales driven by variable consideration for rebate and marketing programs. Judgments made include expected sales levels and utilization of funds. However, this judgment factor is significantly reduced at the end of each year when sales volumes and the impact to rebate and marketing programs are known and recorded as the programs typically end near the Corporation’s fiscal year end.

Acquisitions and Divestitures

Acquisitions and Divestitures	6 Months Ended
	Jul. 01, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures Acquisition - Kimball International On June 1, 2023, the Corporation completed its previously announced acquisition of Kimball International, Inc. ("Kimball International"), a leading commercial furnishings company with expertise in workplace, health, and hospitality, resulting in Kimball becoming a wholly-owned subsidiary of the Corporation. Immediately following the close of the transaction, Kimball International shareholders owned approximately 10 percent of the combined company. The Corporation incurred acquisition-related expenses of $31.3 million and $34.7 million in the three months and six months ended July 1, 2023, respectively, that are included in "Selling and administrative expenses" in the Condensed Consolidated Statements of Comprehensive Income. Additionally, acquisition-related financing costs of $2.7 million and $0.2 million were recorded to the Condensed Consolidated Balance Sheet in "Long-term debt" and "Other assets", respectively, while $0.3 million of acquisition-related stock issuance costs were recorded to "Additional paid-in capital". The acquired assets and assumed liabilities and results of Kimball International's operations are included in the Corporation's Workplace Furnishings reportable segment. The excess of purchase consideration over the fair value of net assets acquired was recorded as goodwill, which is not expected to be tax-deductible, and has not yet been assigned to the new reporting units created. Goodwill is primarily attributed to the assembled workforce of Kimball International and anticipated synergies. Under the terms of the Agreement and Plan of Merger, the Corporation acquired all outstanding shares of Kimball International's common stock and holders of Kimball International’s outstanding common stock received $9.00 in cash and 0.1301 shares of the Corporation’s common stock for each share of Kimball International’s common stock. For fair value purposes, shares of the Corporation's common stock were valued at $25.50, the closing market price on May 31, 2023 the day preceding the transaction's close. The total preliminary fair market value of consideration is approximately $503.7 million, which is allocated as follows: Kimball International Shares HNI Shares Exchanged Fair Value Cash Consideration: Shares of Kimball International stock issued and outstanding as of June 1, 2023 36.4 $ 327.8 Kimball International equivalent shares 0.2 2.3 Total number of Kimball International shares for cash consideration 36.6 330.0 Consideration for payment to settle Kimball International's outstanding debt 50.2 Share Consideration: Shares of Kimball International stock issued and outstanding as of June 1, 2023 36.4 4.7 120.8 Replacement Share-Based Awards: Outstanding awards of Kimball International restricted stock units relating to Kimball International Common Stock as of June 1, 2023 0.5 0.2 2.6 Total preliminary acquisition date fair value of purchase consideration $ 503.7 Consideration provided in the form of HNI Corporation shares and HNI Corporation replacement share-based awards represent non-cash consideration and thus are not included in the acquisition spending presented in the Condensed Consolidated Statement of Cash Flows. The preliminary purchase price allocation of identifiable tangible and intangible assets and liabilities as of the date of acquisition is as follows: Fair Value Assets Cash and cash equivalents $ 10.5 Short-term investments 4.2 Receivables 46.1 Inventories, net 52.3 Prepaid expenses and other current assets 13.3 Assets held for sale 17.5 Property, plant, and equipment 218.4 Right-of-use operating leases 16.0 Goodwill 187.3 Intangible assets 88.0 Other assets 12.2 Total Assets $ 665.9 Liabilities Accounts payable and accrued expenses $ 91.2 Current lease obligations - operating 5.8 Liabilities held for sale 14.4 Long-term lease obligations - operating 16.2 Other long-term liabilities 13.3 Deferred income taxes 21.3 Total Liabilities $ 162.2 Net Assets and Liabilities $ 503.7 The following table summarizes the acquired identified intangible assets and weighted average useful lives: Category Weighted-average useful life Fair Value Software 3 years $ 13.9 Customer lists and other 10 years 40.7 Acquired technology 16 years 14.9 Trademarks and trade names 16 years 18.5 Total intangible assets $ 88.0 The valuation analysis requires the use of complex management estimates and assumptions such as property appraisals, future cash flows, discount rates, royalty rates, long-term growth rates, and technology build costs. At this time, assets and liabilities are recorded based on preliminary assumptions, and the Corporation has not obtained all of the information necessary to finalize the determination of the fair values. The provisional assets and liabilities may be adjusted to reflect the finally determined amounts, and those adjustments may be material. The Corporation expects to finalize the purchase price allocation in the first half of 2024. See "Note 17. Held for Sale" for information on certain assets and liabilities acquired of Kimball International's Poppin business unit, which were determined to meet the held for sale accounting criteria. The Corporation's Condensed Consolidated Statements of Comprehensive Income for the period ended July 1, 2023, include Net sales of $56.0 million and Net loss of $21.3 million attributable to results of operations of Kimball International from the acquisition date thru July 1, 2023. These amounts include the results of Poppin, which was determined not to require discontinued operations presentation as this entity is not material to the consolidated results of the periods presented, and also since the planned divestiture does not represent a strategic shift in the Corporation's business. Pro Forma Results of Operations - Kimball International Acquisition: The following table provides pro forma results of operations for the three and six month periods ended July 1, 2023 and July 2, 2022, as if Kimball International had been acquired as of January 2, 2022, the first day of the Corporation's 2022 fiscal year. The pro forma results include certain purchase accounting adjustments such as: reclassifications to conform Kimball International's results to HNI's financial statement presentation; estimated depreciation and amortization expense on acquired tangible and intangible assets; estimated share based compensation expense for Kimball International awards converted to HNI awards; interest associated with additional borrowings to finance the acquisition; non-recurring transaction costs as outlined above; and the impact to income tax expense. This pro forma information is not necessarily reflective of what the Corporation's results would have been had the acquisition occurred on the date indicated, nor is it indicative of future results. Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Net sales $ 666.3 $ 793.3 $ 1,306.6 $ 1,541.7 Net income $ 11.2 $ 32.2 $ 15.4 $ 22.9 Acquisition - Dickerson In June 2022, the Corporation acquired Dickerson Hearth Products ("Dickerson"), an installing fireplace distributor in the Raleigh, North Carolina area, for approximately $8 million. The transaction, which aligns with the Corporation’s vertical integration strategy in the residential building products market, was structured as an asset acquisition and was consummated entirely in cash. The purchase price allocation includes $7.6 million of goodwill. The remaining assets and liabilities acquired were not material to the consolidated financial statements. The purchase accounting was finalized in the second quarter of 2023. The above acquisitions were accounted for using the acquisition method pursuant to ASC 805, with goodwill being recorded as a result of the purchase price exceeding the fair value of identifiable tangible and intangible assets and liabilities. Divestiture In July 2022, the Corporation closed on the sale of its China- and Hong Kong-based Lamex office furniture business ("Lamex"), which was a component of the workplace furnishings segment, to Kokuyo Co., Ltd, a leading manufacturer and provider of office furniture in Japan and across Asia. The transaction was valued at approximately $75 million plus standard post-closing working capital adjustments, net of cash acquired by the buyer. The Corporation recorded a pre-tax gain on sale in the second half of 2022 of $50.4 million that included transaction-related expenses of approximately $6 million as well as a cumulative foreign currency translation benefit of $3.3 million that was reclassified from accumulated other comprehensive income. The assets and liabilities of Lamex which were disposed of in conjunction with the sale are as follows: As of Assets: Cash and cash equivalents $ 5.5 Receivables 20.1 Allowance for doubtful accounts (0.5) Inventories, net 6.9 Prepaid expenses and other current assets 6.4 Buildings 6.2 Machinery and equipment 25.9 Accumulated depreciation (17.0) Right-of-use - Operating Leases 5.8 Goodwill and Other Intangible Assets, net 10.9 Total Assets $ 70.4 Liabilities: Accounts payable and accrued expenses $ 36.1 Current lease obligations - Operating 1.7 Long-Term Lease Obligations - Operating 4.9 Deferred Income Taxes 0.1 Total Liabilities $ 42.7

Inventories

Inventories	6 Months Ended
	Jul. 01, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories The Corporation’s residential building products inventories, and a majority of its workplace furnishings inventories, are valued at cost, on the "last-in, first-out" (LIFO) basis. Remaining inventories are generally valued at the lower of cost, on the "first-in, first-out" (FIFO) basis, or net realizable value. Inventories included in the Condensed Consolidated Balance Sheets consisted of the following: July 1, December 31, Finished products, net $ 148.1 $ 121.0 Materials and work in process, net 140.6 112.8 LIFO allowance (54.0) (53.7) Total inventories, net $ 234.8 $ 180.1 Inventory valued by the LIFO costing method 91 % 91 % The increase in inventory during the current year-to-date period is primarily due to the acquisition of Kimball International. Balances as of July 1, 2023 in the table above exclude amounts classified as held for sale. See "Note 17. Held for Sale" in the Notes to Condensed Consolidated Financial Statements for further information. In addition to the LIFO allowance, the Corporation recorded inventory allowances of $15.0 million and $14.9 million as of July 1, 2023 and December 31, 2022, respectively, to adjust for excess and obsolete inventory or otherwise reduce FIFO-basis inventory to net realizable value.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill and other intangible assets included in the Condensed Consolidated Balance Sheets consisted of the following: July 1, December 31, Goodwill, net $ 493.2 $ 305.9 Definite-lived intangible assets, net 193.0 118.4 Indefinite-lived intangible assets 15.5 15.5 Total goodwill and other intangible assets, net $ 701.8 $ 439.8 Goodwill The changes in the carrying amount of goodwill, by reporting segment, are as follows: Workplace Furnishings Residential Building Products Total Balance as of December 31, 2022 Goodwill $ 148.7 $ 222.4 $ 371.1 Accumulated impairment losses (65.0) (0.1) (65.2) Net goodwill balance as of December 31, 2022 83.6 222.3 305.9 Goodwill acquired 187.3 — 187.3 Balance as of July 1, 2023 Goodwill 336.0 222.4 558.4 Accumulated impairment losses (65.0) (0.1) (65.2) Net goodwill balance as of July 1, 2023 $ 270.9 $ 222.3 $ 493.2 Goodwill acquired in the second quarter of 2023 relates to the acquisition of Kimball International. See "Note 3. Acquisitions and Divestitures" in the Notes to Condensed Consolidated Financial Statements for further information. Definite-lived intangible assets The table below summarizes amortizable definite-lived intangible assets, which are reflected in "Goodwill and Other Intangible Assets, net" in the Condensed Consolidated Balance Sheets: July 1, 2023 December 31, 2022 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Software $ 223.6 $ 134.1 $ 89.5 $ 194.4 $ 122.5 $ 71.9 Trademarks and trade names 34.3 6.7 27.6 14.3 5.9 8.4 Customer lists and other 120.6 44.7 75.9 80.2 42.1 38.1 Net definite-lived intangible assets $ 378.5 $ 185.5 $ 193.0 $ 288.8 $ 170.4 $ 118.4 The increase in gross definite-lived intangible assets is due to the acquisition of Kimball International. Amortization expense is reflected in "Selling and administrative expenses" in the Condensed Consolidated Statements of Comprehensive Income and was as follows: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Capitalized software $ 5.5 $ 6.1 $ 10.9 $ 12.3 Other definite-lived intangibles $ 1.9 $ 1.6 $ 3.4 $ 3.2 The occurrence of events such as acquisitions, dispositions, or impairments may impact future amortization expense. Based on the current amount of intangible assets subject to amortization, the estimated amortization expense for each of the following five years is as follows: 2023 2024 2025 2026 2027 Amortization expense $ 32.3 $ 33.7 $ 31.3 $ 25.0 $ 17.8 Indefinite-lived intangible assets The Corporation also owns certain intangible assets, which are deemed to have indefinite useful lives because they are expected to generate cash flows indefinitely. These indefinite-lived intangible assets are reflected in "Goodwill and Other Intangible Assets, net" in the Condensed Consolidated Balance Sheets: July 1, December 31, Trademarks and trade names $ 15.5 $ 15.5 Impairment Analysis

Product Warranties

Product Warranties	6 Months Ended
	Jul. 01, 2023
Product Warranties Disclosures [Abstract]
Product Warranties	Product Warranties The Corporation issues certain warranty policies on its workplace furnishings and residential building products that provide for repair or replacement of any covered product or component that fails during normal use because of a defect in design, materials, or workmanship. The duration of warranty policies on the Corporation’s products varies based on the type of product. Allowances have been established for the anticipated future costs associated with the Corporation’s warranty programs. A warranty allowance is determined by recording a specific allowance for known warranty issues and an additional allowance for unknown claims expected to be incurred based on historical claims experience. Actual claims incurred could differ from the original estimates, requiring adjustments to the allowance. Activity associated with warranty obligations was as follows: Six Months Ended July 1, July 2, Balance at beginning of period $ 14.8 $ 16.0 Accruals related to acquisitions 3.5 — Accruals for warranties issued 6.2 5.2 Settlements and other (5.6) (5.3) Balance at end of period $ 19.0 $ 15.9 The current and long-term portions of the allowance for estimated settlements are included within "Accounts payable and accrued expenses" and "Other Long-Term Liabilities," respectively, in the Condensed Consolidated Balance Sheets. The following table summarizes when these estimated settlements are expected to be paid: July 1, December 31, Current - in the next twelve months $ 6.9 $ 5.4 Long-term - beyond one year 12.1 9.4 Total $ 19.0 $ 14.8 Balances as of July 1, 2023 in the tables above exclude amounts classified as held for sale. See "Note 17. Held for Sale" in the Notes to Condensed Consolidated Financial Statements for further information.

Debt

Debt	6 Months Ended
	Jul. 01, 2023
Debt Disclosure [Abstract]
Debt	Debt Debt is as follows: July 1, December 31, Revolving credit facility with interest at a variable rate (July 1, 2023 - 6.2%; December 31, 2022 - 5.6%) $ 200.0 $ 89.1 Term loan with interest at a variable rate (July 1, 2023 - 6.9%) 300.0 — Fixed-rate notes due in 2025 with an interest rate of 4.22% 50.0 50.0 Fixed-rate notes due in 2028 with an interest rate of 4.40% 50.0 50.0 Other amounts 1.1 1.3 Deferred debt issuance costs (2.9) (0.3) Total debt 598.1 190.1 Less: Current maturities of debt 1.1 1.3 Long-term debt $ 597.1 $ 188.8 The aggregate carrying value of the Corporation’s variable-rate, long-term debt obligations under the revolving credit and term loan facilities at July 1, 2023, was $500 million, which approximated fair value. The fair value of the fixed rate notes was estimated based on a discounted cash flow method (Level 2) to be $96 million at July 1, 2023. As of July 1, 2023, the Corporation’s revolving credit facility borrowings were under the amended and restated credit agreement entered into on June 14, 2022, as further amended on March 14, 2023 and June 1, 2023 with a scheduled maturity of June 2027. The Corporation deferred the related debt issuance costs, which are classified as assets, and is amortizing them over the term of the credit agreement. The current portion of debt issuance costs of $0.4 million is the amount to be amortized over the next twelve months, based on the current credit agreement, and is reflected in "Prepaid expenses and other current assets" in the Condensed Consolidated Balance Sheets. The long-term portion of debt issuance costs of $1.1 million is reflected in "Other Assets" in the Condensed Consolidated Balance Sheets. As of July 1, 2023, there was $200 million outstanding under the $425 million revolving credit facility. The entire amount drawn under the revolving credit facility is considered long-term as the Corporation assumes no obligation to repay any of the amounts borrowed in the next twelve months. Based on current earnings before interest, taxes, depreciation, and amortization, the Corporation can access the full remaining $225 million of borrowing capacity available under the revolving credit facility and maintain compliance with applicable covenants. In addition to cash flows from operations, the revolving credit facility under the credit agreement is the primary source of daily operating capital for the Corporation and provides additional financial capacity for capital expenditures, repurchases of common stock, payment of dividends, and investments in strategic initiatives. Additionally, as of July 1, 2023, the Corporation has borrowings outstanding under a term loan credit facility and private placement notes. The Corporation has $300 million of borrowings outstanding under a term loan agreement entered into on March 31, 2023, as further amended on May 25, 2023. The proceeds of the term loan were used to support funding of the Corporation's acquisition of Kimball International on June 1, 2023. The principal amount under the term loan is subject to amortization beginning June 30, 2024, with incremental amounts due each quarter until the expiration of the term loan on the fifth year of the funding date, defined as June 1, 2028. The Corporation deferred the debt issuance costs related to the agreement, which are classified as a reduction of long-term debt, and is amortizing them over the term of the agreement. The deferred debt issuance costs do not reduce the amount owed by the Corporation under the terms of the agreement. As of July 1, 2023, the deferred debt issuance costs balance of $2.7 million related to the agreement is reflected in "Long-Term Debt" in the Condensed Consolidated Balance Sheets. The Corporation also has $100 million of borrowings outstanding under private placement note agreements entered into on May 31, 2018. Under the agreements, the Corporation issued $50 million of seven-year fixed-rate notes with an interest rate of 4.22 percent, due May 31, 2025, and $50 million of ten-year fixed-rate notes with an interest rate of 4.40 percent, due May 31, 2028. The Corporation deferred the debt issuance costs related to the private placement note agreements, which are classified as a reduction of long-term debt, and is amortizing them over the terms of the private placement note agreements. The deferred debt issuance costs do not reduce the amount owed by the Corporation under the terms of the private placement note agreements. As of July 1, 2023, the deferred debt issuance costs balance of $0.3 million related to the private placement note agreements is reflected in "Long-Term Debt" in the Condensed Consolidated Balance Sheets. The Corporation has the option to repay the private placement notes upon providing 10-day notice to the noteholders. Such repayment is subject to payment of any accrued but yet unpaid interest in addition to a make-whole provision which is calculated based on current market interest rates. As of July 1, 2023, due to current market rates, the Corporation would not owe any amounts to the note holders for the make-whole provision. The revolving credit facility, term loan credit facility, and private placement notes all contain financial and non-financial covenants. Non-compliance with covenants under the agreements could prevent the Corporation from being able to access further borrowings, require immediate repayment of all amounts outstanding, and/or increase the cost of borrowing. The covenants under all the agreements are substantially the same. In the event the private placement notes are repaid by the Corporation, the revolving credit facility and term loan credit facility include certain fall-away provisions to allow for modification of the covenant measures whereby the Corporation shall have increased financial flexibility. Namely, the definition of consolidated EBITDA and the maximum leverage under the consolidated leverage ratio would adjust to a more flexible definition while the interest coverage ratio would no longer be an included measure. Covenants require maintenance of financial ratios as of the end of any fiscal quarter, including: • a consolidated interest coverage ratio (as defined in the credit agreement) of not less than 4.0 to 1.0, based upon the ratio of (a) consolidated EBITDA for the last four fiscal quarters to (b) the sum of consolidated interest charges; and • a consolidated leverage ratio (as defined in the credit agreement) of not greater than 3.5 to 1.0, based upon the ratio of (a) the quarter-end consolidated funded indebtedness to (b) consolidated EBITDA for the last four fiscal quarters. The most restrictive of the financial covenants is the consolidated leverage ratio requirement of 3.5 to 1.0. Under the credit agreement, consolidated EBITDA is defined as consolidated net income before interest expense, income taxes, depreciation, and amortization of intangibles, as well as non-cash items that increase or decrease net income. As of July 1, 2023, the Corporation was below the maximum allowable ratio and was in compliance with all of the covenants and other restrictions in the credit agreement. The Corporation expects to remain in compliance with all of the covenants and other restrictions in the credit agreement over the next twelve months.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 01, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Corporation’s tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items. The following table summarizes the Corporation’s income tax provision: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Income (loss) before income taxes $ (9.0) $ 27.8 $ (5.3) $ 46.2 Income taxes $ 3.8 $ (2.5) $ 6.0 $ 1.8 Effective tax rate (41.8) % (9.0) % (113.1) % 3.8 %

Fair Value Measurements of Fina

Fair Value Measurements of Financial Instruments	6 Months Ended
	Jul. 01, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements of Financial Instruments	Fair Value Measurements of Financial Instruments For recognition purposes, on a recurring basis, the Corporation is required to measure at fair value its marketable securities, put option liabilities, and deferred stock-based compensation. The marketable securities are comprised of money market funds, government securities, corporate bonds, and mutual funds. When available, the Corporation uses quoted market prices to determine fair value and classifies such measurements within Level 1. Where market prices are not available, the Corporation makes use of observable market-based inputs (prices or quotes from published exchanges and indexes) to calculate fair value using the market approach, in which case the measurements are classified within Level 2. Significant unobservable inputs, which are classified within Level 3, are used in the estimation of the fair value of put options related to private entities, determined using a simulation model based on assumptions including future cash flows, discount rates, and volatility. In connection with the Kimball International transaction in the second quarter of 2023, the Corporation acquired Kimball International's supplemental employee retirement plan (“SERP”). SERP investment assets consist of mutual fund holdings classified as trading securities which are recognized on the Condensed Consolidated Balance Sheets at fair value, along with a corresponding liability of the same amount which represents the obligation to distribute SERP funds to participants. Financial instruments measured at fair value were as follows: Fair value as of measurement date Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs Balance as of July 1, 2023 Cash and cash equivalents (including money market funds) (1) $ 23.8 $ 23.8 $ — $ — Mutual funds in SERP (2) $ 11.2 $ 11.2 $ — $ — Government securities (2) $ 5.8 $ — $ 5.8 $ — Corporate bonds (2) $ 7.2 $ — $ 7.2 $ — SERP liabilities (3) $ (11.2) $ (11.2) $ — $ — Deferred stock-based compensation (3) $ (4.4) $ — $ (4.4) $ — Put option liability (4) $ (5.1) $ — $ — $ (5.1) Balance as of December 31, 2022 Cash and cash equivalents (including money market funds) (1) $ 17.4 $ 17.4 $ — $ — Government securities (2) $ 5.6 $ — $ 5.6 $ — Corporate bonds (2) $ 7.2 $ — $ 7.2 $ — Deferred stock-based compensation (3) $ (4.7) $ — $ (4.7) $ — Put option liability (4) $ (5.1) $ — $ — $ (5.1) Amounts in parentheses indicate liabilities. The index below indicates the line item in the Condensed Consolidated Balance Sheets where the financial instruments are reported: (1) "Cash and cash equivalents" (2) Current portion - "Short-term investments"; Long-term portion - "Other Assets" (3) Current portion - "Current maturities of other long-term obligations"; Long-term portion - "Other Long-Term Liabilities" (4) "Other Long-Term Liabilities"

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity	6 Months Ended
	Jul. 01, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity	Accumulated Other Comprehensive Income (Loss) and Shareholders’ Equity The following tables summarize the components of accumulated other comprehensive income (loss) and the changes in accumulated other comprehensive income (loss), net of tax, as applicable: Foreign Currency Translation Adjustment Unrealized Gains (Losses) on Debt Securities Pension and Post-retirement Liabilities Derivative Financial Instrument Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2022 $ (6.4) $ (0.6) $ (1.1) $ 0.1 $ (8.0) Other comprehensive income (loss) before reclassifications 0.0 0.0 — — 0.1 Tax (expense) or benefit — (0.0) — — (0.0) Amounts reclassified from accumulated other comprehensive income (loss), net of tax — 0.1 — (0.1) (0.0) Balance as of July 1, 2023 $ (6.3) $ (0.5) $ (1.1) $ — $ (8.0) Amounts in parentheses indicate reductions to equity. Foreign Currency Translation Adjustment Unrealized Gains (Losses) on Debt Securities Pension and Post-retirement Liabilities Derivative Financial Instrument Accumulated Other Comprehensive Income (Loss) Balance as of January 1, 2022 $ (0.7) $ 0.1 $ (5.4) $ (0.7) $ (6.8) Other comprehensive income (loss) before reclassifications (1.8) (0.6) — 1.1 (1.3) Tax (expense) or benefit — 0.1 — (0.3) (0.1) Amounts reclassified from accumulated other comprehensive income (loss), net of tax — 0.0 — 0.1 0.1 Balance as of July 2, 2022 $ (2.5) $ (0.4) $ (5.4) $ 0.3 $ (8.1) Amounts in parentheses indicate reductions to equity. Interest Rate Swap Termination In April 2022, the Corporation terminated its interest rate swap agreement and received cash proceeds of $0.4 million, the fair value of the swap on the termination date. The proceeds were recorded as cash provided by operating activities in the Condensed Consolidated Statement of Cash Flows. The $0.4 million gain from the termination of this interest rate swap agreement was recorded to "Accumulated other comprehensive income (loss)" and has been fully amortized to interest expense as of April 1, 2023. The following table details the reclassifications from accumulated other comprehensive income (loss): Three Months Ended Six Months Ended Details about Accumulated Other Comprehensive Income (Loss) Components Affected Line Item in the Statement Where Net Income is Presented July 1, July 2, July 1, July 2, Derivative financial instrument Interest rate swap Interest expense, net $ — $ 0.1 $ 0.1 $ (0.2) Income taxes — (0.0) (0.0) 0.0 Unrealized gains (losses) on debt securities Gain (loss) on sale of debt securities Selling and administrative expenses 0.0 0.0 (0.1) 0.0 Income tax expense (0.0) (0.0) 0.0 (0.0) Net of tax $ 0.0 $ 0.0 $ 0.0 $ (0.1) Amounts in parentheses indicate reductions to profit. Dividend The Corporation declared and paid cash dividends per common share as follows: Six Months Ended July 1, July 2, Dividends per common share $ 0.64 $ 0.63 Stock Repurchase The following table summarizes shares repurchased and settled by the Corporation: Six Months Ended July 1, July 2, Shares repurchased — 1.7 Average price per share $ — $ 38.11 Cash purchase price $ — $ (63.9) Prior year purchases settled in current year — (1.3) Shares repurchased per cash flow $ — $ (65.2) As of July 1, 2023, $234.0 million of the Corporation’s Board of Directors’ ("Board") current repurchase authorizations remained unspent.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 01, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share ("EPS"): Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Numerator: Numerator for both basic and diluted EPS attributable to HNI Corporation net income $ (12.8) $ 30.3 $ (11.3) $ 44.5 Denominators: Denominator for basic EPS weighted-average common shares outstanding 43.3 41.8 42.4 42.1 Potentially dilutive shares from stock-based compensation plans — 0.6 — 0.6 Denominator for diluted EPS 43.3 42.4 42.4 42.7 Earnings per share – basic $ (0.30) $ 0.73 $ (0.27) $ 1.06 Earnings per share – diluted $ (0.30) $ 0.72 $ (0.27) $ 1.04 As of the end of second quarter 2023 the Corporation had 46.5 million shares of common stock outstanding, including 4.7 million shares issued in June 2023 as part of the consideration to acquire Kimball International. The weighted-average common stock equivalents presented above do not include the effect of the common stock equivalents in the table below because their inclusion would be anti-dilutive: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Common stock equivalents excluded because their inclusion would be anti-dilutive 3.0 2.0 2.8 1.8

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jul. 01, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Corporation measures stock-based compensation expense at grant date, based on the fair value of the award. Forms of awards issued under shareholder approved plans include stock options, restricted stock units based on a service condition ("restricted stock units"), restricted stock units based on both performance and service conditions ("performance stock units"), and shares issued under member stock purchase plans. Stock-based compensation expense related to stock options, restricted stock units, and performance stock units is recognized over the employees’ requisite service periods, adjusted for an estimated forfeiture rate for those shares not expected to vest. Additionally, expense related to performance stock units is periodically adjusted for the probable number of shares to be awarded based on Corporation achievement within an established target range of cumulative profitability over a multi-year period. In the second quarter of 2023, the Corporation assumed the Kimball International, Inc. Stock Incentive Plan and its remaining share pool. The plan was renamed the “HNI Corporation Stock Incentive Plan for Legacy Kimball Employees”. Under this plan the Corporation may grant equity compensation awards using the plan’s share pool. At inception, there were approximately 1.1 million shares of the Corporation's stock available for issuance under this plan. The following table summarizes expense associated with these plans: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Compensation cost $ 3.1 $ 2.9 $ 7.6 $ 8.5 The units granted by the Corporation had fair values as follows: Six Months Ended July 1, July 2, Restricted stock units $ 12.1 $ 6.8 Performance stock units $ 6.0 $ 6.1 Included in the current year period restricted stock units total above is $6.1 million of fair value associated with replacement awards issued in the second quarter of 2023 in connection with the Kimball International acquisition. Approximately 48 percent of the fair value of the replacement awards is attributed to service provided by Kimball International employees prior to the acquisition by the Corporation and is accounted for as purchase consideration. See "Note 3. Acquisitions and Divestitures" for further information. The following table summarizes unrecognized compensation expense and the weighted-average remaining service period for non-vested stock units as of July 1, 2023: Unrecognized Compensation Expense Weighted-Average Remaining Non-vested restricted stock units $ 6.0 0.7 Non-vested performance stock units $ 6.8 1.2

Guarantees, Commitments and Con

Guarantees, Commitments and Contingencies	6 Months Ended
	Jul. 01, 2023
Commitments and Contingencies Disclosure [Abstract]
Guarantees, Commitments and Contingencies	Guarantees, Commitments, and ContingenciesThe Corporation utilizes letters of credit and surety bonds in the amount of approximately $36 million to back certain insurance policies and payment obligations. Additionally, the Corporation periodically utilizes trade letters of credit and bankers’ acceptances to guarantee certain payments to overseas suppliers; as of July 1, 2023, there were no outstanding amounts related to these types of guarantees. The letters of credit, bonds, and bankers’ acceptances reflect fair value as a condition of their underlying purpose and are subject to competitively determined fees. The Corporation periodically guarantees borrowing arrangements involving certain workplace furnishings dealers and third-party financial institutions. The terms of these guarantees, which range from less than one year to five years, generally require the Corporation to make payments directly to the financial institution in the event that the dealer is unable to repay its borrowings in accordance with the stated terms. The aggregate amount guaranteed by the Corporation in connection with these agreements is approximately $8 million as of July 1, 2023. The Corporation has determined the likelihood of making future payments under these guarantees is not probable and therefore no liability has been accrued. The Corporation has contingent liabilities which have arisen in the ordinary course of its business, including liabilities relating to pending litigation, environmental remediation, taxes, and other claims. It is the Corporation’s opinion, after consultation with legal counsel, that liabilities, if any, resulting from these matters are not expected to have a material adverse effect on the Corporation’s financial condition, cash flows, or on the Corporation’s quarterly or annual operating results when resolved in a future period. In the first quarter of 2022, the Corporation entered into an agreement to lease a new facility. The lease requires approximately $61 million of legally binding minimum payments over the approximate 15-year term of the agreement. The lease accounting, which includes recording right-of-use assets, lease obligations (liabilities), and lease expense, commenced during the second quarter of 2023 and thus the asset and liability related to this agreement was recorded on the Condensed Consolidated Balance Sheet as of July 1, 2023.

Reportable Segment Information

Reportable Segment Information	6 Months Ended
	Jul. 01, 2023
Segment Reporting [Abstract]
Reportable Segment Information	Reportable Segment Information Management views the Corporation as two reportable segments based on industries: workplace furnishings and residential building products. The aggregated workplace furnishings segment, which includes the newly acquired Kimball International business, manufactures and markets a broad line of commercial furniture, which includes panel-based and freestanding furniture systems, seating, storage, tables, and architectural products. The residential building products segment manufactures and markets a full array of gas, wood, electric, and pellet fueled fireplaces, inserts, stoves, facings, and accessories. For purposes of segment reporting, intercompany sales between segments are not material, and operating profit is income before income taxes exclusive of certain unallocated general corporate expenses. These unallocated general corporate expenses include the net costs of the Corporation’s corporate operations. Management views interest income and expense as corporate financing costs and not as a reportable segment cost. In addition, management applies an effective income tax rate to its consolidated income before income taxes so income taxes are not reported or viewed internally on a segment basis. Identifiable assets by segment are those assets applicable to the respective industry segments. Corporate assets consist principally of cash and cash equivalents, short-term investments, long-term investments, IT infrastructure, and corporate office real estate and related equipment. No geographic information for revenues from external customers or for long-lived assets is disclosed since the Corporation’s primary market and capital investments are concentrated in the United States. Reportable segment data reconciled to the Corporation’s condensed consolidated financial statements was as follows: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Net Sales: Workplace furnishings $ 413.0 $ 406.7 $ 712.7 $ 759.8 Residential building products 150.4 215.1 329.8 434.3 Total $ 563.5 $ 621.7 $ 1,042.5 $ 1,194.1 Income (Loss) Before Income Taxes: Workplace furnishings $ 15.9 $ 11.9 $ 11.9 $ 5.5 Residential building products 15.6 37.0 43.6 77.3 General corporate (35.0) (19.0) (52.7) (32.5) Operating income (loss) (3.6) 29.9 2.9 50.3 Interest expense, net 5.5 2.1 8.2 4.1 Total $ (9.0) $ 27.8 $ (5.3) $ 46.2 Depreciation and Amortization Expense: Workplace furnishings $ 13.8 $ 11.7 $ 25.0 $ 23.2 Residential building products 3.4 3.1 6.7 6.1 General corporate 5.4 6.6 11.0 13.1 Total $ 22.6 $ 21.3 $ 42.7 $ 42.4 Capital Expenditures (including capitalized software): Workplace furnishings $ 17.9 $ 8.2 $ 31.8 $ 16.4 Residential building products 2.4 2.7 7.4 8.5 General corporate 0.9 4.1 2.0 8.4 Total $ 21.1 $ 15.0 $ 41.2 $ 33.2 As of As of Identifiable Assets: Workplace furnishings $ 1,440.8 $ 761.5 Residential building products 491.5 493.0 General corporate 143.3 160.0 Total $ 2,075.6 $ 1,414.5

Supplier Finance Program

Supplier Finance Program	6 Months Ended
	Jul. 01, 2023
Equity [Abstract]
Supplier Finance Program	Supplier Finance Program The Corporation adopted ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations in the first fiscal quarter of 2023, which enhances the transparency of supplier finance programs by requiring the disclosure of key terms, amounts outstanding, a rollforward of outstanding amounts, and a description of where in the financial statements outstanding amounts are presented. The rollforward disclosure is not required until fiscal 2024. One of the Corporation’s third-party financial institutions offers a supply chain finance ("SCF") program by which it allows eligible Corporation suppliers the opportunity to sell their trade receivables due from the Corporation. Supplier participation in the SCF program is voluntary and requires an agreement between the supplier and the financial institution, to which the Corporation is not a party. Any sales of supplier receivables to the financial institution is at the sole discretion of the supplier and is priced at a rate that leverages the Corporation’s credit rating and thus may be more beneficial to the supplier. The Corporation’s responsibility is limited to making payment on the terms originally negotiated with each supplier, regardless of whether the supplier sells its receivables to the financial institution. The Corporation’s payments to the financial institution to settle obligations related to suppliers that elected to participate in the SCF program are reflected in cash flows from operating activities in the Condensed Consolidated Statements of Cash Flows. Additionally, SCF program payment obligations due by the Corporation to the financial institution are recorded in "Accounts payable and accrued expenses" in the Condensed Consolidated Balance Sheets as follows: As of As of Supplier finance program obligations $ 29.3 $ 27.4

Restructuring and Impairment

Restructuring and Impairment	6 Months Ended
	Jul. 01, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Impairment	Restructuring and Impairment Restructuring charges relate to exit costs in connection with the Poppin divestiture (as further described below under "Note 17. Held for Sale"), costs tied to the closure of a small workplace furnishings eCommerce brand, and start up costs at a manufacturing facility in Mexico. Impairment charges relate to long-lived asset disposals in the current year and an equity investment in the prior year. Three Months Ended Six Months Ended Classification July 1, July 2, July 1, July 2, Workplace Furnishings Inventory valuation Cost of sales $ (0.4) $ 0.1 $ (0.3) $ 0.2 Facility set-up costs Cost of sales 0.2 0.1 0.5 0.2 Long-lived asset impairments Restructuring and impairment charges 2.1 — 2.1 — Exit costs Restructuring and impairment charges 6.0 — 6.0 — General Corporate Investment impairment Restructuring and impairment charges — 1.0 — 1.0 Total $ 7.8 $ 1.2 $ 8.3 $ 1.4 As of July 1, 2023 and December 31, 2022, accrued restructuring expenses of $6.3 million and $0.5 million, respectively, were included in "Accounts payable and accrued expenses" in the Consolidated Balance Sheets. Cash payments related to restructuring charges in all periods presented were not significant, and any future costs connected to these current initiatives are not expected to be material.

Held for Sale

Held for Sale	6 Months Ended
	Jul. 01, 2023
Discontinued Operations and Disposal Groups [Abstract]
Held for Sale	Held for SaleThe Corporation evaluated the Poppin business unit of Kimball International and determined that it met the criteria for held-for-sale presentation, as established in ASC 360. In August 2023, subsequent to the end of the second quarter, the Corporation reached an agreement to sell substantially all assets and liabilities of Poppin. The following table summarizes assets and liabilities held for sale in the workplace furnishings segment in the "Condensed Consolidated Balance Sheets," by major class. In addition to Poppin assets and liabilities, the assets held for sale includes $1.4 million related to the pending sale of one of the Corporation's office buildings in Muscatine, Iowa. The long-lived asset balances are recorded at fair value, based on the expected sales price, less costs to sell. As of As of Assets: Receivables $ 1.4 $ — Inventories 11.9 — Prepaid expenses and other current assets 0.7 — Property, plant & equipment 3.1 1.9 Right-of-use operating leases 1.8 — Total Assets held for sale $ 18.9 $ 1.9 Liabilities: Accounts payable and accrued expenses $ 9.4 $ — Lease obligations - operating 5.0 — Total Liabilities held for sale $ 14.4 $ —

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Pay vs Performance Disclosure
Numerator for both basic and diluted EPS attributable to HNI Corporation net income	$ (12.8)	$ 30.3	$ (11.3)	$ 44.5

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jul. 01, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jul. 01, 2023
Accounting Changes and Error Corrections [Abstract]
Basis of Presentation	The accompanying unaudited, condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by generally accepted accounting principles for complete financial statements. The December 31, 2022, consolidated balance sheet included in this Form 10-Q was derived from audited financial statements but does not include all disclosures required by generally accepted accounting principles. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair statement have been included. Operating results for the six-month period ended July 1, 2023, are not necessarily indicative of the results expected for the fiscal year ending December 30, 2023. For further information, refer to the consolidated financial statements and accompanying notes included in HNI Corporation’s (the "Corporation") Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Certain reclassifications have been made within the interim financial information to conform to the current presentation. All dollar amounts presented are in millions, except per share data or where otherwise indicated. Amounts may not sum due to rounding.On June 1, 2023 the Corporation acquired Kimball International, Inc. ("Kimball International"). The Corporation included the financial results of Kimball International in the Condensed Consolidated Financial Statements starting as of the date of acquisition.
Revenue	Contract Assets and Contract Liabilities In addition to trade receivables, the Corporation has contract assets consisting of funds paid up-front to certain workplace furnishings dealers in exchange for their multi-year commitment to market and sell the Corporation’s products. These contract assets are amortized over the term of the contracts and recognized as a reduction of revenue. The Corporation has contract liabilities consisting of customer deposits and rebate and marketing program liabilities. Performance Obligations The Corporation recognizes revenue for sales of workplace furnishings and residential building products at a point in time following the transfer of control of such products to the customer, which typically occurs upon shipment of the product. In certain circumstances, transfer of control to the customer does not occur until the goods are received by the customer or upon installation and/or customer acceptance, depending on the terms of the underlying contracts. Contracts typically have a duration of less than one year and normally do not include a significant financing component. Generally, payment is due within 30 days of invoicing. The Corporation’s backlog orders are typically cancellable for a period of time and almost all contracts have an original duration of one year or less. As a result, the Corporation has elected the practical expedient permitted in the revenue accounting standard not to disclose the unsatisfied performance obligation as of period end. The backlog is typically fulfilled within a few months. Significant Judgments The amount of consideration the Corporation receives and revenue recognized varies with changes in rebate and marketing program incentives, as well as early pay discounts, offered to customers. The Corporation uses significant judgment throughout the year in estimating the reduction in net sales driven by variable consideration for rebate and marketing programs. Judgments made include expected sales levels and utilization of funds. However, this judgment factor is significantly reduced at the end of each year when sales volumes and the impact to rebate and marketing programs are known and recorded as the programs typically end near the Corporation’s fiscal year end.
Inventories	The Corporation’s residential building products inventories, and a majority of its workplace furnishings inventories, are valued at cost, on the "last-in, first-out" (LIFO) basis. Remaining inventories are generally valued at the lower of cost, on the "first-in, first-out" (FIFO) basis, or net realizable value.
Goodwill and Other Intangible Assets	Impairment AnalysisThe Corporation evaluates its goodwill and indefinite-lived intangible assets for impairment on an annual basis during the fourth quarter, or whenever indicators of impairment exist. The Corporation also evaluates long-lived assets (which include definite-lived intangible assets) for impairment if indicators exist.
Product Warranties	The Corporation issues certain warranty policies on its workplace furnishings and residential building products that provide for repair or replacement of any covered product or component that fails during normal use because of a defect in design, materials, or workmanship. The duration of warranty policies on the Corporation’s products varies based on the type of product. Allowances have been established for the anticipated future costs associated with the Corporation’s warranty programs.A warranty allowance is determined by recording a specific allowance for known warranty issues and an additional allowance for unknown claims expected to be incurred based on historical claims experience. Actual claims incurred could differ from the original estimates, requiring adjustments to the allowance.
Fair Value Measurements	For recognition purposes, on a recurring basis, the Corporation is required to measure at fair value its marketable securities, put option liabilities, and deferred stock-based compensation. The marketable securities are comprised of money market funds, government securities, corporate bonds, and mutual funds. When available, the Corporation uses quoted market prices to determine fair value and classifies such measurements within Level 1. Where market prices are not available, the Corporation makes use of observable market-based inputs (prices or quotes from published exchanges and indexes) to calculate fair value using the market approach, in which case the measurements are classified within Level 2. Significant unobservable inputs, which are classified within Level 3, are used in the estimation of the fair value of put options related to private entities, determined using a simulation model based on assumptions including future cash flows, discount rates, and volatility.
Share-based Compensation, Option and Incentive Plans	The Corporation measures stock-based compensation expense at grant date, based on the fair value of the award. Forms of awards issued under shareholder approved plans include stock options, restricted stock units based on a service condition ("restricted stock units"), restricted stock units based on both performance and service conditions ("performance stock units"), and shares issued under member stock purchase plans. Stock-based compensation expense related to stock options, restricted stock units, and performance stock units is recognized over the employees’ requisite service periods, adjusted for an estimated forfeiture rate for those shares not expected to vest. Additionally, expense related to performance stock units is periodically adjusted for the probable number of shares to be awarded based on Corporation achievement within an established target range of cumulative profitability over a multi-year period.
Business Segment Information	Management views the Corporation as two reportable segments based on industries: workplace furnishings and residential building products. The aggregated workplace furnishings segment, which includes the newly acquired Kimball International business, manufactures and markets a broad line of commercial furniture, which includes panel-based and freestanding furniture systems, seating, storage, tables, and architectural products. The residential building products segment manufactures and markets a full array of gas, wood, electric, and pellet fueled fireplaces, inserts, stoves, facings, and accessories. For purposes of segment reporting, intercompany sales between segments are not material, and operating profit is income before income taxes exclusive of certain unallocated general corporate expenses. These unallocated general corporate expenses include the net costs of the Corporation’s corporate operations. Management views interest income and expense as corporate financing costs and not as a reportable segment cost. In addition, management applies an effective income tax rate to its consolidated income before income taxes so income taxes are not reported or viewed internally on a segment basis. Identifiable assets by segment are those assets applicable to the respective industry segments. Corporate assets consist principally of cash and cash equivalents, short-term investments, long-term investments, IT infrastructure, and corporate office real estate and related equipment. No geographic information for revenues from external customers or for long-lived assets is disclosed since the Corporation’s primary market and capital investments are concentrated in the United States.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jul. 01, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Revenue from contracts with customers disaggregated by product category is as follows: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Systems and storage $ 251.4 $ 241.1 $ 433.7 $ 449.0 Seating 123.4 129.6 216.9 239.9 Other 38.3 36.0 62.1 70.9 Total workplace furnishings 413.0 406.7 712.7 759.8 Residential building products 150.4 215.1 329.8 434.3 Net sales $ 563.5 $ 621.7 $ 1,042.5 $ 1,194.1
Schedule of Contract with Customer, Asset and Liability	Contract assets and contract liabilities were as follows: July 1, December 31, Trade receivables (1) $ 258.1 $ 218.4 Contract assets (current) (2) $ 3.1 $ 2.9 Contract assets (long-term) (3) $ 30.0 $ 29.8 Contract liabilities - Customer deposits (4) $ 39.7 $ 27.3 Contract liabilities - Accrued rebate and marketing programs (4) $ 32.0 $ 31.3

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	6 Months Ended
	Jul. 01, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions by Acquisition, Contingent Consideration	The total preliminary fair market value of consideration is approximately $503.7 million, which is allocated as follows: Kimball International Shares HNI Shares Exchanged Fair Value Cash Consideration: Shares of Kimball International stock issued and outstanding as of June 1, 2023 36.4 $ 327.8 Kimball International equivalent shares 0.2 2.3 Total number of Kimball International shares for cash consideration 36.6 330.0 Consideration for payment to settle Kimball International's outstanding debt 50.2 Share Consideration: Shares of Kimball International stock issued and outstanding as of June 1, 2023 36.4 4.7 120.8 Replacement Share-Based Awards: Outstanding awards of Kimball International restricted stock units relating to Kimball International Common Stock as of June 1, 2023 0.5 0.2 2.6 Total preliminary acquisition date fair value of purchase consideration $ 503.7
Schedule of Assets and Liabilities Held For Sale in the Condensed Consolidated Balance Sheets	The preliminary purchase price allocation of identifiable tangible and intangible assets and liabilities as of the date of acquisition is as follows: Fair Value Assets Cash and cash equivalents $ 10.5 Short-term investments 4.2 Receivables 46.1 Inventories, net 52.3 Prepaid expenses and other current assets 13.3 Assets held for sale 17.5 Property, plant, and equipment 218.4 Right-of-use operating leases 16.0 Goodwill 187.3 Intangible assets 88.0 Other assets 12.2 Total Assets $ 665.9 Liabilities Accounts payable and accrued expenses $ 91.2 Current lease obligations - operating 5.8 Liabilities held for sale 14.4 Long-term lease obligations - operating 16.2 Other long-term liabilities 13.3 Deferred income taxes 21.3 Total Liabilities $ 162.2 Net Assets and Liabilities $ 503.7 The following table summarizes the acquired identified intangible assets and weighted average useful lives: Category Weighted-average useful life Fair Value Software 3 years $ 13.9 Customer lists and other 10 years 40.7 Acquired technology 16 years 14.9 Trademarks and trade names 16 years 18.5 Total intangible assets $ 88.0 The assets and liabilities of Lamex which were disposed of in conjunction with the sale are as follows: As of Assets: Cash and cash equivalents $ 5.5 Receivables 20.1 Allowance for doubtful accounts (0.5) Inventories, net 6.9 Prepaid expenses and other current assets 6.4 Buildings 6.2 Machinery and equipment 25.9 Accumulated depreciation (17.0) Right-of-use - Operating Leases 5.8 Goodwill and Other Intangible Assets, net 10.9 Total Assets $ 70.4 Liabilities: Accounts payable and accrued expenses $ 36.1 Current lease obligations - Operating 1.7 Long-Term Lease Obligations - Operating 4.9 Deferred Income Taxes 0.1 Total Liabilities $ 42.7 The following table summarizes assets and liabilities held for sale in the workplace furnishings segment in the "Condensed Consolidated Balance Sheets," by major class. In addition to Poppin assets and liabilities, the assets held for sale includes $1.4 million related to the pending sale of one of the Corporation's office buildings in Muscatine, Iowa. The long-lived asset balances are recorded at fair value, based on the expected sales price, less costs to sell. As of As of Assets: Receivables $ 1.4 $ — Inventories 11.9 — Prepaid expenses and other current assets 0.7 — Property, plant & equipment 3.1 1.9 Right-of-use operating leases 1.8 — Total Assets held for sale $ 18.9 $ 1.9 Liabilities: Accounts payable and accrued expenses $ 9.4 $ — Lease obligations - operating 5.0 — Total Liabilities held for sale $ 14.4 $ —
Schedule of Business Acquisition, Pro Forma Information	This pro forma information is not necessarily reflective of what the Corporation's results would have been had the acquisition occurred on the date indicated, nor is it indicative of future results. Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Net sales $ 666.3 $ 793.3 $ 1,306.6 $ 1,541.7 Net income $ 11.2 $ 32.2 $ 15.4 $ 22.9

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 01, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories included in the Condensed Consolidated Balance Sheets consisted of the following: July 1, December 31, Finished products, net $ 148.1 $ 121.0 Materials and work in process, net 140.6 112.8 LIFO allowance (54.0) (53.7) Total inventories, net $ 234.8 $ 180.1 Inventory valued by the LIFO costing method 91 % 91 %

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	Goodwill and other intangible assets included in the Condensed Consolidated Balance Sheets consisted of the following: July 1, December 31, Goodwill, net $ 493.2 $ 305.9 Definite-lived intangible assets, net 193.0 118.4 Indefinite-lived intangible assets 15.5 15.5 Total goodwill and other intangible assets, net $ 701.8 $ 439.8
Schedule of Goodwill	The changes in the carrying amount of goodwill, by reporting segment, are as follows: Workplace Furnishings Residential Building Products Total Balance as of December 31, 2022 Goodwill $ 148.7 $ 222.4 $ 371.1 Accumulated impairment losses (65.0) (0.1) (65.2) Net goodwill balance as of December 31, 2022 83.6 222.3 305.9 Goodwill acquired 187.3 — 187.3 Balance as of July 1, 2023 Goodwill 336.0 222.4 558.4 Accumulated impairment losses (65.0) (0.1) (65.2) Net goodwill balance as of July 1, 2023 $ 270.9 $ 222.3 $ 493.2
Schedule of Definite-Lived Intangible Assets	The table below summarizes amortizable definite-lived intangible assets, which are reflected in "Goodwill and Other Intangible Assets, net" in the Condensed Consolidated Balance Sheets: July 1, 2023 December 31, 2022 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Software $ 223.6 $ 134.1 $ 89.5 $ 194.4 $ 122.5 $ 71.9 Trademarks and trade names 34.3 6.7 27.6 14.3 5.9 8.4 Customer lists and other 120.6 44.7 75.9 80.2 42.1 38.1 Net definite-lived intangible assets $ 378.5 $ 185.5 $ 193.0 $ 288.8 $ 170.4 $ 118.4
Schedule of Finite-lived Intangible Assets Amortization Expense	Amortization expense is reflected in "Selling and administrative expenses" in the Condensed Consolidated Statements of Comprehensive Income and was as follows: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Capitalized software $ 5.5 $ 6.1 $ 10.9 $ 12.3 Other definite-lived intangibles $ 1.9 $ 1.6 $ 3.4 $ 3.2
Schedule of Expected Amortization Expense Table	Based on the current amount of intangible assets subject to amortization, the estimated amortization expense for each of the following five years is as follows: 2023 2024 2025 2026 2027 Amortization expense $ 32.3 $ 33.7 $ 31.3 $ 25.0 $ 17.8
Schedule of Indefinite Lived Intangible Assets and Goodwill	These indefinite-lived intangible assets are reflected in "Goodwill and Other Intangible Assets, net" in the Condensed Consolidated Balance Sheets: July 1, December 31, Trademarks and trade names $ 15.5 $ 15.5

Product Warranties (Tables)

Product Warranties (Tables)	6 Months Ended
	Jul. 01, 2023
Product Warranties Disclosures [Abstract]
Schedule of Activity Associated with Warranty Obligations	Activity associated with warranty obligations was as follows: Six Months Ended July 1, July 2, Balance at beginning of period $ 14.8 $ 16.0 Accruals related to acquisitions 3.5 — Accruals for warranties issued 6.2 5.2 Settlements and other (5.6) (5.3) Balance at end of period $ 19.0 $ 15.9 July 1, December 31, Current - in the next twelve months $ 6.9 $ 5.4 Long-term - beyond one year 12.1 9.4 Total $ 19.0 $ 14.8 Balances as of July 1, 2023 in the tables above exclude amounts classified as held for sale. See "Note 17. Held for Sale" in the Notes to Condensed Consolidated Financial Statements for further information.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 01, 2023
Debt Disclosure [Abstract]
Schedule of Debt	Debt is as follows: July 1, December 31, Revolving credit facility with interest at a variable rate (July 1, 2023 - 6.2%; December 31, 2022 - 5.6%) $ 200.0 $ 89.1 Term loan with interest at a variable rate (July 1, 2023 - 6.9%) 300.0 — Fixed-rate notes due in 2025 with an interest rate of 4.22% 50.0 50.0 Fixed-rate notes due in 2028 with an interest rate of 4.40% 50.0 50.0 Other amounts 1.1 1.3 Deferred debt issuance costs (2.9) (0.3) Total debt 598.1 190.1 Less: Current maturities of debt 1.1 1.3 Long-term debt $ 597.1 $ 188.8

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jul. 01, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Tax Provision	The following table summarizes the Corporation’s income tax provision: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Income (loss) before income taxes $ (9.0) $ 27.8 $ (5.3) $ 46.2 Income taxes $ 3.8 $ (2.5) $ 6.0 $ 1.8 Effective tax rate (41.8) % (9.0) % (113.1) % 3.8 %

Fair Value Measurements of Fi_2

Fair Value Measurements of Financial Instruments (Tables)	6 Months Ended
	Jul. 01, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value	Financial instruments measured at fair value were as follows: Fair value as of measurement date Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs Balance as of July 1, 2023 Cash and cash equivalents (including money market funds) (1) $ 23.8 $ 23.8 $ — $ — Mutual funds in SERP (2) $ 11.2 $ 11.2 $ — $ — Government securities (2) $ 5.8 $ — $ 5.8 $ — Corporate bonds (2) $ 7.2 $ — $ 7.2 $ — SERP liabilities (3) $ (11.2) $ (11.2) $ — $ — Deferred stock-based compensation (3) $ (4.4) $ — $ (4.4) $ — Put option liability (4) $ (5.1) $ — $ — $ (5.1) Balance as of December 31, 2022 Cash and cash equivalents (including money market funds) (1) $ 17.4 $ 17.4 $ — $ — Government securities (2) $ 5.6 $ — $ 5.6 $ — Corporate bonds (2) $ 7.2 $ — $ 7.2 $ — Deferred stock-based compensation (3) $ (4.7) $ — $ (4.7) $ — Put option liability (4) $ (5.1) $ — $ — $ (5.1) Amounts in parentheses indicate liabilities. The index below indicates the line item in the Condensed Consolidated Balance Sheets where the financial instruments are reported: (1) "Cash and cash equivalents" (2) Current portion - "Short-term investments"; Long-term portion - "Other Assets" (3) Current portion - "Current maturities of other long-term obligations"; Long-term portion - "Other Long-Term Liabilities" (4) "Other Long-Term Liabilities"

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Tables)	6 Months Ended
	Jul. 01, 2023
Equity [Abstract]
Schedule of Components of Accumulated Other Comprehensive Income and Changes in Accumulated Other Comprehensive Income, Net of Tax	The following tables summarize the components of accumulated other comprehensive income (loss) and the changes in accumulated other comprehensive income (loss), net of tax, as applicable: Foreign Currency Translation Adjustment Unrealized Gains (Losses) on Debt Securities Pension and Post-retirement Liabilities Derivative Financial Instrument Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2022 $ (6.4) $ (0.6) $ (1.1) $ 0.1 $ (8.0) Other comprehensive income (loss) before reclassifications 0.0 0.0 — — 0.1 Tax (expense) or benefit — (0.0) — — (0.0) Amounts reclassified from accumulated other comprehensive income (loss), net of tax — 0.1 — (0.1) (0.0) Balance as of July 1, 2023 $ (6.3) $ (0.5) $ (1.1) $ — $ (8.0) Amounts in parentheses indicate reductions to equity. Foreign Currency Translation Adjustment Unrealized Gains (Losses) on Debt Securities Pension and Post-retirement Liabilities Derivative Financial Instrument Accumulated Other Comprehensive Income (Loss) Balance as of January 1, 2022 $ (0.7) $ 0.1 $ (5.4) $ (0.7) $ (6.8) Other comprehensive income (loss) before reclassifications (1.8) (0.6) — 1.1 (1.3) Tax (expense) or benefit — 0.1 — (0.3) (0.1) Amounts reclassified from accumulated other comprehensive income (loss), net of tax — 0.0 — 0.1 0.1 Balance as of July 2, 2022 $ (2.5) $ (0.4) $ (5.4) $ 0.3 $ (8.1) Amounts in parentheses indicate reductions to equity.
Schedule of Reclassification from Accumulated Other Comprehensive Income	The following table details the reclassifications from accumulated other comprehensive income (loss): Three Months Ended Six Months Ended Details about Accumulated Other Comprehensive Income (Loss) Components Affected Line Item in the Statement Where Net Income is Presented July 1, July 2, July 1, July 2, Derivative financial instrument Interest rate swap Interest expense, net $ — $ 0.1 $ 0.1 $ (0.2) Income taxes — (0.0) (0.0) 0.0 Unrealized gains (losses) on debt securities Gain (loss) on sale of debt securities Selling and administrative expenses 0.0 0.0 (0.1) 0.0 Income tax expense (0.0) (0.0) 0.0 (0.0) Net of tax $ 0.0 $ 0.0 $ 0.0 $ (0.1) Amounts in parentheses indicate reductions to profit.
Schedule of Dividends Declared and Paid Per Share	The Corporation declared and paid cash dividends per common share as follows: Six Months Ended July 1, July 2, Dividends per common share $ 0.64 $ 0.63
Schedule of Share Repurchases	The following table summarizes shares repurchased and settled by the Corporation: Six Months Ended July 1, July 2, Shares repurchased — 1.7 Average price per share $ — $ 38.11 Cash purchase price $ — $ (63.9) Prior year purchases settled in current year — (1.3) Shares repurchased per cash flow $ — $ (65.2)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jul. 01, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share ("EPS"): Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Numerator: Numerator for both basic and diluted EPS attributable to HNI Corporation net income $ (12.8) $ 30.3 $ (11.3) $ 44.5 Denominators: Denominator for basic EPS weighted-average common shares outstanding 43.3 41.8 42.4 42.1 Potentially dilutive shares from stock-based compensation plans — 0.6 — 0.6 Denominator for diluted EPS 43.3 42.4 42.4 42.7 Earnings per share – basic $ (0.30) $ 0.73 $ (0.27) $ 1.06 Earnings per share – diluted $ (0.30) $ 0.72 $ (0.27) $ 1.04
Schedule of Anti-Dilutive Weighted Average Number of Shares	The weighted-average common stock equivalents presented above do not include the effect of the common stock equivalents in the table below because their inclusion would be anti-dilutive: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Common stock equivalents excluded because their inclusion would be anti-dilutive 3.0 2.0 2.8 1.8

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jul. 01, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Based Compensation Expense	The following table summarizes expense associated with these plans: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Compensation cost $ 3.1 $ 2.9 $ 7.6 $ 8.5
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period	The units granted by the Corporation had fair values as follows: Six Months Ended July 1, July 2, Restricted stock units $ 12.1 $ 6.8 Performance stock units $ 6.0 $ 6.1
Schedule of Unrecognized Compensation Cost, Nonvested Awards	The following table summarizes unrecognized compensation expense and the weighted-average remaining service period for non-vested stock units as of July 1, 2023: Unrecognized Compensation Expense Weighted-Average Remaining Non-vested restricted stock units $ 6.0 0.7 Non-vested performance stock units $ 6.8 1.2

Reportable Segment Information

Reportable Segment Information (Tables)	6 Months Ended
	Jul. 01, 2023
Segment Reporting [Abstract]
Schedule of Reportable Segment Data	Reportable segment data reconciled to the Corporation’s condensed consolidated financial statements was as follows: Three Months Ended Six Months Ended July 1, July 2, July 1, July 2, Net Sales: Workplace furnishings $ 413.0 $ 406.7 $ 712.7 $ 759.8 Residential building products 150.4 215.1 329.8 434.3 Total $ 563.5 $ 621.7 $ 1,042.5 $ 1,194.1 Income (Loss) Before Income Taxes: Workplace furnishings $ 15.9 $ 11.9 $ 11.9 $ 5.5 Residential building products 15.6 37.0 43.6 77.3 General corporate (35.0) (19.0) (52.7) (32.5) Operating income (loss) (3.6) 29.9 2.9 50.3 Interest expense, net 5.5 2.1 8.2 4.1 Total $ (9.0) $ 27.8 $ (5.3) $ 46.2 Depreciation and Amortization Expense: Workplace furnishings $ 13.8 $ 11.7 $ 25.0 $ 23.2 Residential building products 3.4 3.1 6.7 6.1 General corporate 5.4 6.6 11.0 13.1 Total $ 22.6 $ 21.3 $ 42.7 $ 42.4 Capital Expenditures (including capitalized software): Workplace furnishings $ 17.9 $ 8.2 $ 31.8 $ 16.4 Residential building products 2.4 2.7 7.4 8.5 General corporate 0.9 4.1 2.0 8.4 Total $ 21.1 $ 15.0 $ 41.2 $ 33.2 As of As of Identifiable Assets: Workplace furnishings $ 1,440.8 $ 761.5 Residential building products 491.5 493.0 General corporate 143.3 160.0 Total $ 2,075.6 $ 1,414.5

Supplier Finance Program (Table

Supplier Finance Program (Tables)	6 Months Ended
	Jul. 01, 2023
Equity [Abstract]
Schedule of Supply Chain Financing	The Corporation’s payments to the financial institution to settle obligations related to suppliers that elected to participate in the SCF program are reflected in cash flows from operating activities in the Condensed Consolidated Statements of Cash Flows. Additionally, SCF program payment obligations due by the Corporation to the financial institution are recorded in "Accounts payable and accrued expenses" in the Condensed Consolidated Balance Sheets as follows: As of As of Supplier finance program obligations $ 29.3 $ 27.4

Restructuring and Impairment (T

Restructuring and Impairment (Tables)	6 Months Ended
	Jul. 01, 2023
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	Impairment charges relate to long-lived asset disposals in the current year and an equity investment in the prior year. Three Months Ended Six Months Ended Classification July 1, July 2, July 1, July 2, Workplace Furnishings Inventory valuation Cost of sales $ (0.4) $ 0.1 $ (0.3) $ 0.2 Facility set-up costs Cost of sales 0.2 0.1 0.5 0.2 Long-lived asset impairments Restructuring and impairment charges 2.1 — 2.1 — Exit costs Restructuring and impairment charges 6.0 — 6.0 — General Corporate Investment impairment Restructuring and impairment charges — 1.0 — 1.0 Total $ 7.8 $ 1.2 $ 8.3 $ 1.4

Held for Sale (Tables)

Held for Sale (Tables)	6 Months Ended
	Jul. 01, 2023
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Assets and Liabilities Held For Sale in the Condensed Consolidated Balance Sheets	The preliminary purchase price allocation of identifiable tangible and intangible assets and liabilities as of the date of acquisition is as follows: Fair Value Assets Cash and cash equivalents $ 10.5 Short-term investments 4.2 Receivables 46.1 Inventories, net 52.3 Prepaid expenses and other current assets 13.3 Assets held for sale 17.5 Property, plant, and equipment 218.4 Right-of-use operating leases 16.0 Goodwill 187.3 Intangible assets 88.0 Other assets 12.2 Total Assets $ 665.9 Liabilities Accounts payable and accrued expenses $ 91.2 Current lease obligations - operating 5.8 Liabilities held for sale 14.4 Long-term lease obligations - operating 16.2 Other long-term liabilities 13.3 Deferred income taxes 21.3 Total Liabilities $ 162.2 Net Assets and Liabilities $ 503.7 The following table summarizes the acquired identified intangible assets and weighted average useful lives: Category Weighted-average useful life Fair Value Software 3 years $ 13.9 Customer lists and other 10 years 40.7 Acquired technology 16 years 14.9 Trademarks and trade names 16 years 18.5 Total intangible assets $ 88.0 The assets and liabilities of Lamex which were disposed of in conjunction with the sale are as follows: As of Assets: Cash and cash equivalents $ 5.5 Receivables 20.1 Allowance for doubtful accounts (0.5) Inventories, net 6.9 Prepaid expenses and other current assets 6.4 Buildings 6.2 Machinery and equipment 25.9 Accumulated depreciation (17.0) Right-of-use - Operating Leases 5.8 Goodwill and Other Intangible Assets, net 10.9 Total Assets $ 70.4 Liabilities: Accounts payable and accrued expenses $ 36.1 Current lease obligations - Operating 1.7 Long-Term Lease Obligations - Operating 4.9 Deferred Income Taxes 0.1 Total Liabilities $ 42.7 The following table summarizes assets and liabilities held for sale in the workplace furnishings segment in the "Condensed Consolidated Balance Sheets," by major class. In addition to Poppin assets and liabilities, the assets held for sale includes $1.4 million related to the pending sale of one of the Corporation's office buildings in Muscatine, Iowa. The long-lived asset balances are recorded at fair value, based on the expected sales price, less costs to sell. As of As of Assets: Receivables $ 1.4 $ — Inventories 11.9 — Prepaid expenses and other current assets 0.7 — Property, plant & equipment 3.1 1.9 Right-of-use operating leases 1.8 — Total Assets held for sale $ 18.9 $ 1.9 Liabilities: Accounts payable and accrued expenses $ 9.4 $ — Lease obligations - operating 5.0 — Total Liabilities held for sale $ 14.4 $ —

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 563.5	$ 621.7	$ 1,042.5	$ 1,194.1
Workplace furnishings
Disaggregation of Revenue [Line Items]
Net sales	413	406.7	712.7	759.8
Workplace furnishings | Systems and storage
Disaggregation of Revenue [Line Items]
Net sales	251.4	241.1	433.7	449
Workplace furnishings | Seating
Disaggregation of Revenue [Line Items]
Net sales	123.4	129.6	216.9	239.9
Workplace furnishings | Other
Disaggregation of Revenue [Line Items]
Net sales	38.3	36	62.1	70.9
Residential building products
Disaggregation of Revenue [Line Items]
Net sales	$ 150.4	$ 215.1	$ 329.8	$ 434.3

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Trade receivables	$ 258.1	$ 218.4
Contract assets (current)	3.1	2.9
Contract assets (long-term)	30	29.8
Contract liability, customer deposits	39.7	27.3
Contract liabilities - Accrued rebate and marketing programs	$ 32	$ 31.3

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract liability, customer deposits	$ 39.7	$ 27.3
Revenue recognized	$ 15.9
Payment terms	30 days

Acquisitions and Divestitures -

Acquisitions and Divestitures - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions		1 Months Ended			3 Months Ended		6 Months Ended
	Jun. 01, 2023	Jul. 01, 2023	Jul. 31, 2022	Jun. 30, 2022	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Dec. 31, 2022	Jul. 02, 2022	May 31, 2023
Schedule Of Asset Acquisition [Line Items]
Net sales					$ 563.5	$ 621.7	$ 1,042.5		$ 1,194.1
Net loss					0	$ 0	0		$ 0
Goodwill acquired / measurement period adjustments							187.3
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Lamex
Schedule Of Asset Acquisition [Line Items]
Consideration from sale			$ 75
Pre-tax gain								$ 50.4
Transaction-related expenses			6
Cumulative foreign currency translation benefit			$ 3.3
Dickerson Heart Products
Schedule Of Asset Acquisition [Line Items]
Payments for asset acquisitions				$ 8
Goodwill acquired / measurement period adjustments				$ 7.6
Kimball International, Inc
Schedule Of Asset Acquisition [Line Items]
Percent held by acquiree shareholders	10%
Transaction expenses					$ 31.3		$ 34.7
Share price (in dollars per share)	$ 9
Number of shares issued per acquiree share (in shares)	0.1301
Fair value of common stock share price on day preceding close of transaction (in dollars per share)										$ 25.50
Net sales		$ 56
Net loss		$ (21.3)
Kimball International, Inc | Other Noncurrent Assets
Schedule Of Asset Acquisition [Line Items]
Transaction costs	$ 0.2
Kimball International, Inc | Additional Paid-in Capital
Schedule Of Asset Acquisition [Line Items]
Transaction costs	0.3
Kimball International, Inc | Long-Term Debt
Schedule Of Asset Acquisition [Line Items]
Transaction costs	$ 2.7

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Preliminary Fair Market Value of Consideration Transferred (Details) - Kimball International, Inc shares in Millions, $ in Millions	Jun. 01, 2023 USD ($) shares
Schedule Of Asset Acquisition [Line Items]
Cash Consideration, shares of stock issued and outstanding (in shares) | shares	36.4
Cash Consideration, value of shares of stock issued and outstanding | $	$ 327.8
Cash Consideration, equivalent shares (in shares) | shares	0.2
Cash Consideration, fair value of equivalent shares | $	$ 2.3
Number of shares for cash consideration (in shares) | shares	36.6
Fair value of number of shares for cash consideration | $	$ 330
Consideration for payment to settle Kimball International's outstanding debt | $	50.2
Total preliminary acquisition date fair value of purchase consideration | $	$ 503.7
Common Stock
Schedule Of Asset Acquisition [Line Items]
Number of shares for cash consideration (in shares) | shares	36.4
Fair value of number of shares for cash consideration | $	$ 120.8
Number of shares exchanged (in shares) | shares	4.7
Non-vested restricted stock units
Schedule Of Asset Acquisition [Line Items]
Number of shares for cash consideration (in shares) | shares	0.5
Fair value of number of shares for cash consideration | $	$ 2.6
Number of shares exchanged (in shares) | shares	0.2

Acquisitions and Divestitures_3

Acquisitions and Divestitures - Purchase Price Allocation of Identifiable Tangible and Intangible Assets And Liabilities Assumed (Details) - USD ($) $ in Millions	Jul. 01, 2023	Jun. 01, 2023	Dec. 31, 2022
Assets:
Goodwill	$ 493.2		$ 305.9
Kimball International, Inc
Assets:
Cash and cash equivalents		$ 10.5
Short-term investments		4.2
Receivables		46.1
Inventories, net		52.3
Prepaid expenses and other current assets		13.3
Assets held for sale		17.5
Property, plant, and equipment		218.4
Right-of-use operating leases		16
Goodwill		187.3
Intangible assets		88
Other assets		12.2
Total Assets		665.9
Liabilities:
Accounts payable and accrued expenses		91.2
Current lease obligations - operating		5.8
Liabilities held for sale		14.4
Long-term lease obligations - operating		16.2
Other long-term liabilities		13.3
Deferred income taxes		21.3
Total Liabilities		162.2
Net Assets and Liabilities		$ 503.7

Acquisitions and Divestitures_4

Acquisitions and Divestitures - Summary of Acquired Identifiable Assets and Weighted Average Useful Life (Details) - Kimball International, Inc $ in Millions	Jun. 01, 2023 USD ($)
Schedule Of Asset Acquisition [Line Items]
Intangible assets	$ 88
Software
Schedule Of Asset Acquisition [Line Items]
Weighted-average useful life	3 years
Intangible assets	$ 13.9
Customer lists and other
Schedule Of Asset Acquisition [Line Items]
Weighted-average useful life	10 years
Intangible assets	$ 40.7
Acquired technology
Schedule Of Asset Acquisition [Line Items]
Weighted-average useful life	16 years
Intangible assets	$ 14.9
Trademarks and trade names
Schedule Of Asset Acquisition [Line Items]
Weighted-average useful life	16 years
Intangible assets	$ 18.5

Acquisitions and Divestitures_5

Acquisitions and Divestitures - Pro Forma Results of Operations (Details) - Kimball International, Inc - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Schedule Of Asset Acquisition [Line Items]
Net sales	$ 666.3	$ 793.3	$ 1,306.6	$ 1,541.7
Net income	$ 11.2	$ 32.2	$ 15.4	$ 22.9

Acquisitions and Divestitures_6

Acquisitions and Divestitures - Assets and Liabilities Disposed Of (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - Lamex $ in Millions	Jul. 20, 2022 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 5.5
Receivables	20.1
Allowance for doubtful accounts	(0.5)
Inventories, net	6.9
Prepaid expenses and other current assets	6.4
Accumulated depreciation	(17)
Right-of-use - Operating Leases	5.8
Goodwill and Other Intangible Assets, net	10.9
Total Assets	70.4
Accounts payable and accrued expenses	36.1
Current lease obligations - Operating	1.7
Long-Term Lease Obligations - Operating	4.9
Deferred Income Taxes	0.1
Total Liabilities	42.7
Buildings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Buildings, machinery and equipment	6.2
Machinery and equipment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Buildings, machinery and equipment	$ 25.9

Inventories - Schedule of Inven

Inventories - Schedule of Inventory (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Inventories
Finished products, net	$ 148.1	$ 121
Materials and work in process, net	140.6	112.8
LIFO allowance	(54)	(53.7)
Total inventories, net	$ 234.8	$ 180.1
Inventory valued by the LIFO costing method	91%	91%

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
FIFO inventory allowance	$ 15	$ 14.9

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Schedule of Goodwill and Intangible Assets (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, net	$ 493.2	$ 305.9
Definite-lived intangible assets, net	193	118.4
Indefinite-lived intangible assets	15.5	15.5
Total goodwill and other intangible assets, net	$ 701.8	$ 439.8

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Goodwill (Details) $ in Millions	6 Months Ended
	Jul. 01, 2023 USD ($)
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	$ 371.1
Accumulated impairment losses	(65.2)
Goodwill, net, beginning balance	305.9
Goodwill acquired	187.3
Goodwill, gross, ending balance	558.4
Accumulated impairment losses	(65.2)
Goodwill, net, ending balance	493.2
Workplace furnishings
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	148.7
Accumulated impairment losses	(65)
Goodwill, net, beginning balance	83.6
Goodwill acquired	187.3
Goodwill, gross, ending balance	336
Accumulated impairment losses	(65)
Goodwill, net, ending balance	270.9
Residential building products
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	222.4
Accumulated impairment losses	(0.1)
Goodwill, net, beginning balance	222.3
Goodwill acquired	0
Goodwill, gross, ending balance	222.4
Accumulated impairment losses	(0.1)
Goodwill, net, ending balance	$ 222.3

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Definite-lived Intangible Assets (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross	$ 378.5	$ 288.8
Accumulated Amortization	185.5	170.4
Net	193	118.4
Software
Finite-Lived Intangible Assets [Line Items]
Gross	223.6	194.4
Accumulated Amortization	134.1	122.5
Net	89.5	71.9
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Gross	34.3	14.3
Accumulated Amortization	6.7	5.9
Net	27.6	8.4
Customer lists and other
Finite-Lived Intangible Assets [Line Items]
Gross	120.6	80.2
Accumulated Amortization	44.7	42.1
Net	$ 75.9	$ 38.1

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Capitalized software	$ 5.5	$ 6.1	$ 10.9	$ 12.3
Other definite-lived intangibles	$ 1.9	$ 1.6	$ 3.4	$ 3.2

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets - Future Amortization Expense (Details) $ in Millions	Jul. 01, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 32.3
2024	33.7
2025	31.3
2026	25
2027	$ 17.8

Goodwill and Other Intangible_8

Goodwill and Other Intangible Assets - Indefinite Lived Intangible Assets (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 15.5	$ 15.5
Trademarks and trade names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 15.5	$ 15.5

Product Warranties - Warranty O

Product Warranties - Warranty Obligations (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 14.8	$ 16
Accruals related to acquisitions	3.5	0
Accruals for warranties issued	6.2	5.2
Settlements and other	(5.6)	(5.3)
Balance at end of period	$ 19	$ 15.9

Product Warranties - Current an

Product Warranties - Current and Long Term Warranty (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022	Jul. 02, 2022	Jan. 01, 2022
Product Warranties Disclosures [Abstract]
Current - in the next twelve months	$ 6.9	$ 5.4
Long-term - beyond one year	12.1	9.4
Total	$ 19	$ 14.8	$ 15.9	$ 16

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022	May 31, 2018
Debt Instrument [Line Items]
Deferred debt issuance costs	$ (2.9)	$ (0.3)
Total debt	598.1	190.1
Less: Current maturities of debt	1.1	1.3
Long-term debt	$ 597.1	$ 188.8
Fixed-rate notes due in 2025 with an interest rate of 4.22%
Debt Instrument [Line Items]
Interest rate	4.22%		4.22%
Fixed-rate notes due in 2028 with an interest rate of 4.40%
Debt Instrument [Line Items]
Interest rate	4.40%		4.40%
Revolving credit facility with interest at a variable rate (July 1, 2023 - 6.2%; December 31, 2022 - 5.6%)
Debt Instrument [Line Items]
Interest rate	6.20%	5.60%
Total debt	$ 200	$ 89.1
Term loan with interest at a variable rate (July 1, 2023 - 6.9%)
Debt Instrument [Line Items]
Interest rate	6.90%
Total debt	$ 300	0
Fixed-rate notes due in 2025 with an interest rate of 4.22%
Debt Instrument [Line Items]
Total debt	50	50
Fixed-rate notes due in 2028 with an interest rate of 4.40%
Debt Instrument [Line Items]
Total debt	50	50
Other amounts
Debt Instrument [Line Items]
Total debt	$ 1.1	$ 1.3

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Millions	May 31, 2018	Jul. 01, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt obligations		$ 598.1	$ 190.1
Deferred debt issuance costs, current		0.4
Deferred debt issuance costs		$ 1.1
Maximum ratio of interest coverage to earnings for the last four fiscal quarters		4
Maximum ratio of leverage to earnings for the last four fiscal quarters		3.5
Revolving credit facility with interest at a variable rate (July 1, 2023 - 6.2%; December 31, 2022 - 5.6%)
Debt Instrument [Line Items]
Long-term line of credit outstanding		$ 200
Line of credit maximum borrowing capacity		425
Line of credit remaining borrowing capacity		225
Notes Payable to Banks
Debt Instrument [Line Items]
Long-term debt obligations		500
Private Placement
Debt Instrument [Line Items]
Fair value of debt obligations		96
Deferred debt issuance costs		0.3
Borrowings		100
Term Loan Agreement
Debt Instrument [Line Items]
Borrowings		300
Deferred debt issuance costs		$ 2.7
Fixed-rate notes due in 2025 with an interest rate of 4.22%
Debt Instrument [Line Items]
Borrowings	$ 50
Note term	7 years
Interest rate	4.22%	4.22%
Fixed-rate notes due in 2028 with an interest rate of 4.40%
Debt Instrument [Line Items]
Borrowings	$ 50
Note term	10 years
Interest rate	4.40%	4.40%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Income Tax Disclosure [Abstract]
Income (loss) before income taxes	$ (9)	$ 27.8	$ (5.3)	$ 46.2
Income taxes	$ 3.8	$ (2.5)	$ 6	$ 1.8
Effective tax rate	(41.80%)	(9.00%)	(113.10%)	3.80%

Fair Value Measurements of Fi_3

Fair Value Measurements of Financial Instruments - Assets (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents (including money market funds)	$ 23.8	$ 17.4
Fair value, measurements, recurring
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents (including money market funds)	23.8	17.4
Deferred stock-based compensation	(4.4)	(4.7)
Fair value, measurements, recurring | Quoted prices in active markets for identical assets (Level 1)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents (including money market funds)	23.8	17.4
Deferred stock-based compensation	0	0
Fair value, measurements, recurring | Significant other observable inputs (Level 2)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents (including money market funds)	0	0
Deferred stock-based compensation	(4.4)	(4.7)
Fair value, measurements, recurring | Significant unobservable inputs (Level 3)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents (including money market funds)	0	0
Deferred stock-based compensation	0	0
Fair value, measurements, recurring | SERP
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	11.2
SERP liabilities	(11.2)
Fair value, measurements, recurring | SERP | Quoted prices in active markets for identical assets (Level 1)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	11.2
SERP liabilities	(11.2)
Fair value, measurements, recurring | SERP | Significant other observable inputs (Level 2)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0
SERP liabilities	0
Fair value, measurements, recurring | SERP | Significant unobservable inputs (Level 3)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0
SERP liabilities	0
Fair value, measurements, recurring | Government securities
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	5.8	5.6
Fair value, measurements, recurring | Government securities | Quoted prices in active markets for identical assets (Level 1)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0	0
Fair value, measurements, recurring | Government securities | Significant other observable inputs (Level 2)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	5.8	5.6
Fair value, measurements, recurring | Government securities | Significant unobservable inputs (Level 3)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0	0
Fair value, measurements, recurring | Corporate bonds
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	7.2	7.2
Fair value, measurements, recurring | Corporate bonds | Quoted prices in active markets for identical assets (Level 1)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0	0
Fair value, measurements, recurring | Corporate bonds | Significant other observable inputs (Level 2)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	7.2	7.2
Fair value, measurements, recurring | Corporate bonds | Significant unobservable inputs (Level 3)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities	0	0
Fair value, measurements, recurring | Put option
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments - liability	(5.1)	(5.1)
Fair value, measurements, recurring | Put option | Quoted prices in active markets for identical assets (Level 1)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments - liability	0	0
Fair value, measurements, recurring | Put option | Significant other observable inputs (Level 2)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments - liability	0	0
Fair value, measurements, recurring | Put option | Significant unobservable inputs (Level 3)
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments - liability	$ (5.1)	$ (5.1)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity - Components (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 616.8	$ 590
Ending balance	715.3	562
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(8)	(6.8)
Other comprehensive income (loss) before reclassifications	0.1	(1.3)
Tax (expense) or benefit	0	(0.1)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	0	0.1
Ending balance	(8)	(8.1)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(6.4)	(0.7)
Other comprehensive income (loss) before reclassifications	0	(1.8)
Tax (expense) or benefit	0	0
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	0	0
Ending balance	(6.3)	(2.5)
Unrealized Gains (Losses) on Debt Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(0.6)	0.1
Other comprehensive income (loss) before reclassifications	0	(0.6)
Tax (expense) or benefit	0	0.1
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	0.1	0
Ending balance	(0.5)	(0.4)
Pension and Post-retirement Liabilities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(1.1)	(5.4)
Other comprehensive income (loss) before reclassifications	0	0
Tax (expense) or benefit	0	0
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	0	0
Ending balance	(1.1)	(5.4)
Derivative Financial Instrument
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	0.1	(0.7)
Other comprehensive income (loss) before reclassifications	0	1.1
Tax (expense) or benefit	0	(0.3)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(0.1)	0.1
Ending balance	$ 0	$ 0.3

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity - Narrative (Details) - USD ($) $ in Millions	1 Months Ended
	Apr. 30, 2022	Jul. 01, 2023
Common Stock
Class of Stock [Line Items]
Remaining authorized repurchase amount		$ 234
Interest rate swap
Class of Stock [Line Items]
Cash proceeds from termination of derivative	$ 0.4

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity - Reclassification (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense, net	$ (5.5)	$ (2.1)	$ (8.2)	$ (4.1)
Income taxes	(3.8)	2.5	(6)	(1.8)
Selling and administrative expenses	211	189.7	378.9	366.1
Net of tax	(12.8)	30.3	(11.3)	44.5
Reclassifications from accumulated other comprehensive income (loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net of tax	0	0	0	(0.1)
Reclassifications from accumulated other comprehensive income (loss) | Unrealized Gains (Losses) on Debt Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income taxes	0	0	0	0
Selling and administrative expenses	0	0	(0.1)	0
Interest rate swap | Reclassifications from accumulated other comprehensive income (loss) | Derivative Financial Instrument
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense, net	0	0.1	0.1	(0.2)
Income taxes	$ 0	$ 0	$ 0	$ 0

Accumulated Other Comprehensi_6

Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity - Stock Repurchases (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares repurchased per cash flow	$ 0	$ (65.2)
Common Stock
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares repurchased (in shares)	0	1.7
Average price per share (in dollars per share)	$ 0	$ 38.11
Cash purchase price	$ 0	$ (63.9)
Prior year purchases settled in current year	0	(1.3)
Shares repurchased per cash flow	$ 0	$ (65.2)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Apr. 01, 2023	Dec. 31, 2022	Apr. 02, 2022	Jan. 01, 2022
Numerator:
Numerator for both basic and diluted EPS attributable to HNI Corporation net income	$ (12.8)	$ 30.3	$ (11.3)	$ 44.5
Denominators:
Denominator for basic EPS weighted-average common shares outstanding (in shares)	43.3	41.8	42.4	42.1
Potentially dilutive shares from stock-based compensation plans (in shares)	0	0.6	0	0.6
Denominator for diluted EPS (in shares)	43.3	42.4	42.4	42.7
Earnings per share - basic (in dollars per share)	$ (0.30)	$ 0.73	$ (0.27)	$ 1.06
Earnings per share - diluted (in dollars per share)	$ (0.30)	$ 0.72	$ (0.27)	$ 1.04
Stockholders' equity, including portion attributable to noncontrolling interest	$ 715.3	$ 562	$ 715.3	$ 562	$ 613.2	$ 616.8	$ 582	$ 590

Earnings Per Share - Schedule_2

Earnings Per Share - Schedule of Antidilutive Securities Excluded from Earnings Per Share (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Common stock equivalents excluded because their inclusion would be anti-dilutive
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock equivalents excluded because their inclusion would be anti-dilutive (in shares)	3	2	2.8	1.8

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 01, 2023	Jul. 01, 2023	Jul. 02, 2022
Kimball International, Inc. Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of stock available for issuance (in shares)	1,100,000	1,100,000
Non-vested restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value replacement awards		$ 12.1	$ 6.8
Non-vested restricted stock units | Kimball International, Inc
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value replacement awards	$ 6.1
Fair value replacement awards (as a percent)	48%

Stock-Based Compensation - Comp

Stock-Based Compensation - Compensation Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022
Share-Based Payment Arrangement [Abstract]
Compensation cost	$ 3.1	$ 2.9	$ 7.6	$ 8.5

Stock-Based Compensation - Shar

Stock-Based Compensation - Share-based Payment Award, Options, Grants in Period (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value	$ 12.1	$ 6.8
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value	$ 6	$ 6.1

Stock-Based Compensation - Unre

Stock-Based Compensation - Unrecognized Compensation Cost, Nonvested Awards (Details) $ in Millions	6 Months Ended
	Jul. 01, 2023 USD ($)
Non-vested restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Expense	$ 6
Weighted-Average Remaining Service Period (years)	8 months 12 days
Non-vested performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Expense	$ 6.8
Weighted-Average Remaining Service Period (years)	1 year 2 months 12 days

Guarantees, Commitments and C_2

Guarantees, Commitments and Contingencies (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2023	Apr. 02, 2022
Line of Credit Facility [Line Items]
Aggregate amount guaranteed	$ 8
New Facility
Line of Credit Facility [Line Items]
Minimum payments		$ 61
Term of contract		15 years
Minimum
Line of Credit Facility [Line Items]
Term of guarantees	1 year
Maximum
Line of Credit Facility [Line Items]
Term of guarantees	5 years
Letter of Credit
Line of Credit Facility [Line Items]
Letters of credit	$ 36
Trade Letters Of Credit And Bankers Acceptances
Line of Credit Facility [Line Items]
Letters of credit	$ 0

Reportable Segment Informatio_2

Reportable Segment Information - Narrative (Details)	6 Months Ended
	Jul. 01, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	2

Reportable Segment Informatio_3

Reportable Segment Information - Schedule of Reportable Segment Data (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net sales	$ 563.5	$ 621.7	$ 1,042.5	$ 1,194.1
Income (Loss) Before Income Taxes:	(3.6)	29.9	2.9	50.3
Interest expense, net	5.5	2.1	8.2	4.1
Total	(9)	27.8	(5.3)	46.2
Depreciation and Amortization Expense:	22.6	21.3	42.7	42.4
Capital Expenditures (including capitalized software):	21.1	15	41.2	33.2
Identifiable Assets:	2,075.6		2,075.6		$ 1,414.5
Workplace furnishings
Segment Reporting Information [Line Items]
Net sales	413	406.7	712.7	759.8
Residential building products
Segment Reporting Information [Line Items]
Net sales	150.4	215.1	329.8	434.3
Operating segments | Workplace furnishings
Segment Reporting Information [Line Items]
Net sales	413	406.7	712.7	759.8
Income (Loss) Before Income Taxes:	15.9	11.9	11.9	5.5
Depreciation and Amortization Expense:	13.8	11.7	25	23.2
Capital Expenditures (including capitalized software):	17.9	8.2	31.8	16.4
Identifiable Assets:	1,440.8		1,440.8		761.5
Operating segments | Residential building products
Segment Reporting Information [Line Items]
Net sales	150.4	215.1	329.8	434.3
Income (Loss) Before Income Taxes:	15.6	37	43.6	77.3
Depreciation and Amortization Expense:	3.4	3.1	6.7	6.1
Capital Expenditures (including capitalized software):	2.4	2.7	7.4	8.5
Identifiable Assets:	491.5		491.5		493
General corporate
Segment Reporting Information [Line Items]
Income (Loss) Before Income Taxes:	(35)	(19)	(52.7)	(32.5)
Depreciation and Amortization Expense:	5.4	6.6	11	13.1
Capital Expenditures (including capitalized software):	0.9	$ 4.1	2	$ 8.4
Identifiable Assets:	$ 143.3		$ 143.3		$ 160

Supplier Finance Program (Detai

Supplier Finance Program (Details) - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Equity [Abstract]
Supplier finance program obligations	$ 29.3	$ 27.4

Restructuring and Impairment (D

Restructuring and Impairment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2023	Jul. 02, 2022	Jul. 01, 2023	Jul. 02, 2022	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 7.8	$ 1.2	$ 8.3	$ 1.4
Restructuring reserve	6.3		6.3		$ 0.5
Inventory valuation | Workplace furnishings
Restructuring Cost and Reserve [Line Items]
Restructuring costs	(0.4)	0.1	(0.3)	0.2
Facility set-up costs | Workplace furnishings
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.2	0.1	0.5	0.2
Long-lived asset impairments | Workplace furnishings
Restructuring Cost and Reserve [Line Items]
Restructuring costs	2.1	0	2.1	0
Exit costs | Workplace furnishings
Restructuring Cost and Reserve [Line Items]
Restructuring costs	6	0	6	0
Investment impairment | General Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 0	$ 1	$ 0	$ 1

Held for Sale - Narrative (Deta

Held for Sale - Narrative (Details) $ in Millions	6 Months Ended
	Jul. 01, 2023 USD ($) Building	Dec. 31, 2022 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of pending building sales | Building	1
Discontinued Operations, Held-for-Sale | Poppin
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Receivables | $	$ 1.4	$ 0

Held for Sale - Condensed Conso

Held for Sale - Condensed Consolidated Balance Sheets (Details) - Discontinued Operations, Held-for-sale - Poppin - USD ($) $ in Millions	Jul. 01, 2023	Dec. 31, 2022
Assets
Receivables	$ 1.4	$ 0
Inventories	11.9	0
Prepaid expenses and other current assets	0.7	0
Property, plant & equipment	3.1	1.9
Right-of-use operating leases	1.8	0
Total Assets	18.9	1.9
Liabilities:
Accounts payable and accrued expenses	9.4	0
Long-Term Lease Obligations - Operating	5	0
Total Liabilities	$ 14.4	$ 0