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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 26, 2016
Jan. 02, 2016
Mar. 28, 2015
Current assets:      
Cash and cash equivalents $ 158.2 $ 194.1 $ 121.3
Accounts receivable, less allowances: March 26, 2016 – $42.7; January 2, 2016 – $44.4; March 28, 2015 – $40.8 326.0 298.9 357.2
Inventories:      
Finished products, net 462.6 448.0 404.3
Raw materials and work-in-process, net 18.2 18.6 15.5
Total inventories 480.8 466.6 419.8
Deferred income taxes 0.0 0.0 27.9
Prepaid expenses and other current assets 40.3 54.2 61.9
Total current assets 1,005.3 1,013.8 988.1
Property, plant and equipment:      
Gross cost 440.5 431.5 420.3
Accumulated depreciation (305.2) (299.9) (285.0)
Property plant and equipment net 135.3 131.6 135.3
Other assets:      
Goodwill 430.2 429.1 434.1
Indefinite-lived intangibles 685.4 685.4 690.5
Amortizable intangibles, net 93.8 97.3 108.7
Deferred income taxes 3.0 3.7 2.7
Other 71.6 73.5 68.7
Total other assets 1,284.0 1,289.0 1,304.7
Total assets 2,424.6 2,434.4 2,428.1
Current liabilities:      
Accounts payable 105.9 199.7 96.4
Accrued salaries and wages 18.1 28.5 18.1
Other accrued liabilities 123.1 108.2 121.3
Current maturities of long-term debt 16.9 16.9 42.0
Borrowings under revolving credit agreement 60.0 0.0 14.5
Total current liabilities 324.0 353.3 292.3
Long-term debt, less current maturities 793.4 792.9 788.4
Accrued pension liabilities 110.2 109.6 129.1
Deferred income taxes 177.4 178.6 220.0
Other liabilities 38.5 30.3 26.9
Wolverine World Wide, Inc. stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): March 26, 2016 - 105,567,828 shares; January 2, 2016 - 103,915,928 shares; March 28, 2015 - 103,856,676 shares 105.6 103.9 103.9
Additional paid-in capital 82.2 75.9 54.8
Retained earnings 962.3 950.8 886.3
Accumulated other comprehensive loss (57.5) (56.1) (59.2)
Cost of shares in treasury: March 26, 2016 - 5,892,172; January 2, 2016 - 5,457,726 shares; March 28, 2015 - 668,988 (118.2) (110.8) (18.7)
Total Wolverine World Wide, Inc. stockholders’ equity 974.4 963.7 967.1
Noncontrolling interest 6.7 6.0 4.3
Total stockholders’ equity 981.1 969.7 971.4
Total liabilities and stockholders’ equity $ 2,424.6 $ 2,434.4 $ 2,428.1