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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Apr. 01, 2017
Dec. 31, 2016
Mar. 26, 2016
Current assets:      
Cash and cash equivalents $ 304.1 $ 369.8 $ 158.2
Accounts receivable, less allowances: April 1, 2017: $39.3; December 31, 2016: $39.4; March 26, 2016: $42.7 287.7 263.3 326.0
Inventories:      
Finished products, net 341.4 333.7 462.6
Raw materials and work-in-process, net 15.1 15.0 18.2
Total inventories 356.5 348.7 480.8
Prepaid expenses and other current assets 39.5 49.6 40.3
Total current assets 987.8 1,031.4 1,005.3
Property, plant and equipment:      
Gross cost 429.7 434.0 440.5
Accumulated depreciation (284.6) (287.9) (305.2)
Property plant and equipment net 145.1 146.1 135.3
Other assets:      
Goodwill 425.1 424.3 430.2
Indefinite-lived intangibles 678.5 678.5 685.4
Amortizable intangibles, net 81.4 83.8 93.8
Deferred income taxes 2.8 2.3 3.0
Other 67.1 65.3 71.6
Total other assets 1,254.9 1,254.2 1,284.0
Total assets 2,387.8 2,431.7 2,424.6
Current liabilities:      
Accounts payable 113.8 150.8 105.9
Accrued salaries and wages 21.7 30.8 18.1
Other accrued liabilities 101.0 111.7 123.1
Current maturities of long-term debt 41.2 37.5 16.9
Borrowings under revolving credit agreements and other short-term notes 2.4 2.9 60.0
Total current liabilities 280.1 333.7 324.0
Long-term debt, less current maturities 769.5 780.3 793.4
Accrued pension liabilities 143.5 143.1 110.2
Deferred income taxes 159.5 161.0 177.4
Other liabilities 39.7 39.5 38.5
Wolverine World Wide, Inc. stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): April 1, 2017: 105,735,062 shares; December 31, 2016: 105,647,040 shares; March 26, 2016: 105,567,828 shares 105.7 105.6 105.6
Additional paid-in capital 117.1 103.2 82.2
Retained earnings 1,026.0 1,015.1 962.3
Accumulated other comprehensive loss (78.1) (81.1) (57.5)
Cost of shares in treasury: April 1, 2017: 8,827,675 shares; December 31, 2016: 8,522,425 shares; March 26, 2016: 5,892,172 shares (183.2) (176.3) (118.2)
Total Wolverine World Wide, Inc. stockholders’ equity 987.5 966.5 974.4
Noncontrolling interest 8.0 7.6 6.7
Total stockholders’ equity 995.5 974.1 981.1
Total liabilities and stockholders’ equity $ 2,387.8 $ 2,431.7 $ 2,424.6