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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 29, 2019
Dec. 29, 2018
Jun. 30, 2018
Current assets:      
Cash and cash equivalents $ 116.5 $ 143.1 $ 354.9
Accounts receivable, less allowances: June 29, 2019: $25.6; December 29, 2018: $26.6; June 30, 2018: $29.4 363.7 361.2 297.2
Inventories:      
Finished products, net 397.0 301.4 281.1
Raw materials and work-in-process, net 9.5 16.2 12.7
Total inventories 406.5 317.6 293.8
Prepaid expenses and other current assets 42.6 45.8 36.3
Total current assets 929.3 867.7 982.2
Property, plant and equipment:      
Gross cost 392.2 381.8 390.3
Accumulated depreciation (254.0) (250.9) (259.9)
Property plant and equipment net 138.2 130.9 130.4
Lease right-of-use assets, net 157.8 0.0 0.0
Other assets:      
Goodwill 438.5 424.4 427.0
Indefinite-lived intangibles 604.5 604.5 604.5
Amortizable intangibles, net 82.0 71.9 74.2
Deferred income taxes 3.2 3.1 4.1
Other 89.4 80.6 77.9
Total other assets 1,217.6 1,184.5 1,187.7
Total assets 2,442.9 2,183.1 2,300.3
Current liabilities:      
Accounts payable 212.7 202.3 174.3
Accrued salaries and wages 18.1 31.9 24.0
Other accrued liabilities 105.3 106.4 126.4
Current maturities of long-term debt 10.0 7.5 45.0
Borrowings under revolving credit agreements and other short-term notes 368.0 125.0 1.3
Operating Lease, Liability, Current 30.8 0.0 0.0
Total current liabilities 744.9 473.1 371.0
Long-term debt, less current maturities 433.0 438.0 615.6
Operating Lease, Liability, Noncurrent 146.0 0.0 0.0
Accrued pension liabilities 92.2 92.0 121.6
Deferred income taxes 111.2 107.9 87.3
Other liabilities 60.4 80.5 89.5
Wolverine World Wide, Inc. stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): June 29, 2019: 107,997,808 shares; December 29, 2018: 107,609,206 shares; June 30, 2018: 107,279,667shares 108.0 107.6 107.3
Additional paid-in capital 213.2 201.4 177.1
Retained earnings 1,232.8 1,169.7 1,087.1
Accumulated other comprehensive loss (86.0) (88.3) (82.9)
Cost of shares in treasury: June 29, 2019: 22,741,032 shares; December 29, 2018: 15,905,681 shares; June 30, 2018: 12,217,481 shares (624.3) (404.4) (279.0)
Total Wolverine World Wide, Inc. stockholders’ equity 843.7 986.0 1,009.6
Noncontrolling interest 11.5 5.6 5.7
Total stockholders’ equity 855.2 991.6 1,015.3
Total liabilities and stockholders’ equity $ 2,442.9 $ 2,183.1 $ 2,300.3