Business Segments (Tables)

12 Months Ended

Jan. 01, 2022

Segment Reporting [Abstract]

Business Segment Information

The following is a summary of certain key financial measures for the respective fiscal periods indicated.

	Fiscal Year
(In millions)	2021		2020		2019
Revenue:
Wolverine Michigan Group	$	1,298.9	$	1,051.0	$	1,299.7
Wolverine Boston Group	935.8		696.0		910.9
Other	180.2		44.1		63.1
Total	$	2,414.9	$	1,791.1	$	2,273.7
Operating profit (loss):
Wolverine Michigan Group	$	245.3	$	179.9	$	244.8
Wolverine Boston Group	149.3		88.1		153.8
Other	14.3		1.6		2.9
Corporate	(253.2)		(406.7)		(230.5)
Total	$	155.7	$	(137.1)	$	171.0
Depreciation and amortization expense:
Wolverine Michigan Group	$	2.2	$	2.7	$	2.4
Wolverine Boston Group	2.6		3.4		3.3
Other	4.8		2.0		2.4
Corporate	23.6		24.7		24.6
Total	$	33.2	$	32.8	$	32.7
Capital expenditures:
Wolverine Michigan Group	$	0.8	$	0.8	$	2.2
Wolverine Boston Group	0.4		2.3		5.7
Other	6.0		0.9		2.2
Corporate	10.4		6.3		24.3
Total	$	17.6	$	10.3	$	34.4

(In millions)	January 1, 2022		January 2, 2021
Total assets:
Wolverine Michigan Group	$	651.9	$	626.9
Wolverine Boston Group	1,123.6		1,077.8
Other	606.2		31.4
Corporate	204.7		401.3
Total	$	2,586.4	$	2,137.4
Goodwill:
Wolverine Michigan Group	$	145.1	$	145.4
Wolverine Boston Group	296.2		297.0
Other	115.3		—
Total	$	556.6	$	442.4

Revenue by Geographic Region

Geographic dispersion of revenue from external customers, based on shipping destination is as follows:

	Fiscal Year
(In millions)	2021		2020		2019
United States	$	1,573.9	$	1,234.2	$	1,507.9
Foreign:
Europe, Middle East and Africa	460.3		279.8		343.1
Asia Pacific	161.6		120.3		193.7
Canada	116.9		88.9		117.9
Latin America	102.2		67.9		111.1
Total from foreign territories	841.0		556.9		765.8
Total revenue	$	2,414.9	$	1,791.1	$	2,273.7

Geographic Location of Long-Lived Assets

The location of the Company’s tangible long-lived assets, which comprises property, plant and equipment and lease right-of-use assets, is as follows:

(In millions)	January 1, 2022		January 2, 2021		December 28, 2019
United States	$	205.8	$	222.2	$	247.2
Foreign countries	61.4		44.9		54.6
Total	$	267.2	$	267.1	$	301.8