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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 27, 2020
Dec. 28, 2019
Jun. 29, 2019
Current assets:      
Cash and cash equivalents $ 422.6 $ 180.6 $ 116.5
Accounts receivable, less allowances of $38.2, $26.7, and $25.6 263.8 331.2 363.7
Inventories:      
Finished products, net 376.5 342.0 397.0
Raw materials and work-in-process, net 10.0 6.2 9.5
Total inventories 386.5 348.2 406.5
Prepaid expenses and other current assets 45.7 107.1 42.6
Total current assets 1,118.6 967.1 929.3
Property, plant and equipment:      
Gross cost 327.7 325.0 392.2
Accumulated depreciation (192.8) (184.0) (254.0)
Property plant and equipment net 134.9 141.0 138.2
Lease right-of-use assets, net 152.4 160.8 157.8
Other assets:      
Goodwill 435.6 438.9 438.5
Indefinite-lived intangibles 604.5 604.5 604.5
Amortizable intangibles, net 75.1 77.8 82.0
Deferred Tax Assets, Net 2.4 2.9 3.2
Other 65.9 87.0 89.4
Total other assets 1,183.5 1,211.1 1,217.6
Total assets 2,589.4 2,480.0 2,442.9
Current liabilities:      
Accounts payable 154.9 202.1 212.7
Accrued salaries and wages 11.6 20.8 18.1
Other accrued liabilities 163.9 157.9 105.3
Current maturities of long-term debt 183.5 12.5 10.0
Borrowings under revolving credit agreements 125.0 360.0 368.0
Operating Lease, Liability, Current 37.5 34.1 30.8
Total current liabilities 676.4 787.4 744.9
Long-term debt, less current maturities 715.9 425.9 433.0
Operating Lease, Liability, Noncurrent 139.2 147.2 146.0
Accrued pension liabilities 109.4 109.7 92.2
Deferred Income Tax Liabilities, Net 86.0 99.0 111.2
Other liabilities 126.6 132.4 60.4
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 110.0 108.3 108.0
Additional paid-in capital 227.1 233.4 213.2
Retained earnings 1,258.3 1,263.3 1,232.8
Accumulated other comprehensive loss (111.5) (102.1) (86.0)
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 (759.9) (736.2) (624.3)
Total Wolverine World Wide, Inc. stockholders’ equity 724.0 766.7 843.7
Noncontrolling interest 11.9 11.7 11.5
Total stockholders’ equity 735.9 778.4 855.2
Total liabilities and stockholders’ equity $ 2,589.4 $ 2,480.0 $ 2,442.9