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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Oct. 02, 2021
Jan. 02, 2021
Sep. 26, 2020
Current assets:      
Cash and cash equivalents $ 183.6 $ 347.4 $ 342.0
Accounts receivable, less allowances: October 2, 2021: $27.4; January 2, 2021 $33.5; September 26, 2020: $33.4 362.6 268.3 332.1
Inventories:      
Finished products, net 400.2 237.9 318.1
Raw materials and work-in-process, net 11.8 5.2 7.6
Total inventories 412.0 243.1 325.7
Prepaid expenses and other current assets 44.4 45.4 42.2
Total current assets 1,002.6 904.2 1,042.0
Noncurrent assets:      
Property plant and equipment net of accumulated depreciation: October 2, 2021: $212.2; January 2, 2021: $197.2; September 26, 2020: $200.3 127.3 124.6 126.3
Lease right-of-use assets, net 134.7 142.5 148.3
Goodwill 555.5 442.4 437.8
Indefinite-lived intangibles 718.3 382.3 604.5
Amortizable intangibles, net 76.8 73.0 74.0
Deferred Income Tax Assets, Net 1.9 3.2 1.8
Other assets 64.3 65.2 66.4
Total assets 2,681.4 2,137.4 2,501.1
Current liabilities:      
Accounts payable 265.1 185.0 191.8
Accrued salaries and wages 39.1 27.0 22.4
Other accrued liabilities 193.5 150.0 148.7
Lease liabilities 34.4 34.0 34.6
Current maturities of long-term debt 10.0 10.0 162.5
Borrowings under revolving credit agreements 310.0 0.0 0.0
Total current liabilities 852.1 406.0 560.0
Noncurrent liabilities:      
Long-term debt, less current maturities 704.4 712.5 714.1
Accrued pension liabilities 145.3 147.0 109.2
Deferred Income Tax Liabilities, Net 121.2 35.5 85.0
Operating Lease, Liability, Noncurrent 117.9 130.3 135.0
Other liabilities 98.6 133.1 132.3
Stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): October 2, 2021: 111,538,349 shares; January 2, 2021: 110,426,769 shares; September 26, 2020: 110,117,417 shares 111.5 110.4 110.1
Additional paid-in capital 289.8 252.6 239.8
Retained earnings 1,151.2 1,093.3 1,272.4
Accumulated other comprehensive loss (128.4) (130.6) (108.2)
Cost of shares in treasury: October 2, 2021: 29,170,142 shares; January 2, 2021: 28,285,274 shares; September 26, 2020: 28,148,131 shares (797.4) (764.3) (760.0)
Total Wolverine World Wide, Inc. stockholders’ equity 626.7 561.4 754.1
Noncontrolling interest 15.2 11.6 11.4
Total stockholders’ equity 641.9 573.0 765.5
Total liabilities and stockholders’ equity $ 2,681.4 $ 2,137.4 $ 2,501.1