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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 30, 2019
Dec. 29, 2018
Mar. 31, 2018
Current assets:      
Cash and cash equivalents $ 80.6 $ 143.1 $ 257.1
Accounts receivable, less allowances: March 30, 2019: $25.7; December 29, 2018: $26.6; March 31, 2018: $33.6 375.5 361.2 295.3
Inventories:      
Finished products, net 359.2 301.4 278.7
Raw materials and work-in-process, net 14.8 16.2 11.8
Total inventories 374.0 317.6 290.5
Prepaid expenses and other current assets 45.4 45.8 37.5
Total current assets 875.5 867.7 880.4
Property, plant and equipment:      
Gross cost 385.6 381.8 394.5
Accumulated depreciation (252.6) (250.9) (260.8)
Property plant and equipment net 133.0 130.9 133.7
Lease right-of-use assets, net 157.2 0.0 0.0
Other assets:      
Goodwill 425.9 424.4 429.3
Indefinite-lived intangibles 604.5 604.5 604.5
Amortizable intangibles, net 70.7 71.9 75.6
Deferred income taxes 3.4 3.1 4.5
Other 81.1 80.6 76.0
Total other assets 1,185.6 1,184.5 1,189.9
Total assets 2,351.3 2,183.1 2,204.0
Current liabilities:      
Accounts payable 112.6 202.3 97.2
Accrued salaries and wages 16.9 31.9 17.5
Other accrued liabilities 98.0 106.4 120.0
Current maturities of long-term debt 10.0 7.5 41.2
Borrowings under revolving credit agreements and other short-term notes 326.0 125.0 0.8
Operating Lease, Liability, Current 28.6 0.0 0.0
Total current liabilities 592.1 473.1 276.7
Long-term debt, less current maturities 435.3 438.0 630.3
Operating Lease, Liability, Noncurrent 147.3 0.0 0.0
Accrued pension liabilities 92.1 92.0 142.0
Deferred income taxes 108.6 107.9 84.4
Other liabilities 58.6 80.5 113.3
Wolverine World Wide, Inc. stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): March 30, 2019: 107,881,756 shares; December 29, 2018: 107,609,206 shares; March 31, 2018: 106,825,575 shares 107.9 107.6 106.8
Additional paid-in capital 208.0 201.4 163.1
Retained earnings 1,201.2 1,169.7 1,039.4
Accumulated other comprehensive loss (85.7) (88.3) (84.1)
Cost of shares in treasury: March 30, 2019: 19,152,384 shares; December 29, 2018: 15,905,681 shares; March 31, 2018: 12,048,223 shares (520.0) (404.4) (273.7)
Total Wolverine World Wide, Inc. stockholders’ equity 911.4 986.0 951.5
Noncontrolling interest 5.9 5.6 5.8
Total stockholders’ equity 917.3 991.6 957.3
Total liabilities and stockholders’ equity $ 2,351.3 $ 2,183.1 $ 2,204.0