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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 01, 2022
Jan. 02, 2021
Current assets:    
Cash and cash equivalents $ 161.7 $ 347.4
Accounts receivable, less allowances of $28.3 and $33.5 319.6 268.3
Inventory, Net, Combining Work in Process and Raw Materials Alternative [Abstract]    
Finished products, net 354.1 237.9
Raw materials and work-in-process, net 11.4 5.2
Total inventories 365.5 243.1
Prepaid expenses and other current assets 56.9 45.4
Total current assets 903.7 904.2
Property, plant and equipment, net of accumulated depreciation of $219.1 and $197.2    
Property, plant and equipment, net 129.0 124.6
Lease right-of-use assets 138.2 142.5
Other Assets [Abstract]    
Goodwill 556.6 442.4
Indefinite-lived intangibles 718.1 382.3
Amortizable intangibles, net 74.6 73.0
Deferred Income Tax Assets, Net 1.8 3.2
Other assets 64.4 65.2
Total assets 2,586.4 2,137.4
Current liabilities:    
Accounts payable 222.1 185.0
Accrued salaries and wages 41.7 27.0
Other accrued liabilities 222.5 150.0
Lease liabilities 38.3 34.0
Current maturities of long-term debt 10.0 10.0
Borrowings under revolving credit agreements 225.0 0.0
Total current liabilities 759.6 406.0
Current maturities of long-term debt 731.8 712.5
Accrued pension liabilities 107.4 147.0
Deferred income taxes 118.9 35.5
Lease liabilities, noncurrent 118.2 130.3
Other liabilities 106.1 133.1
Stockholders’ equity    
Common stock – par value $1, authorized 320,000,000 shares; 111,632,094, and 110,426,769 shares issued 111.6 110.4
Additional paid-in capital 298.9 252.6
Retained earnings 1,128.2 1,093.3
Accumulated other comprehensive loss (98.9) (130.6)
Cost of shares in treasury; 29,604,013, and 28,285,274 shares (810.2) (764.3)
Total Wolverine World Wide, Inc. stockholders’ equity 629.6 561.4
Noncontrolling interest 14.8 11.6
Total stockholders’ equity 644.4 573.0
Total liabilities and stockholders’ equity $ 2,586.4 $ 2,137.4