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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Apr. 02, 2022
Jan. 01, 2022
Apr. 03, 2021
Current assets:      
Cash and cash equivalents $ 149.6 $ 161.7 $ 364.8
Accounts receivable, less allowances: April 2, 2022: $25.4; January 1, 2022 $28.3; April 3, 2021: $25.0 370.6 319.6 323.6
Inventories:      
Finished products, net 470.6 354.1 311.2
Raw materials and work-in-process, net 12.7 11.4 9.7
Total inventories 483.3 365.5 320.9
Prepaid expenses and other current assets 74.4 56.9 37.9
Total current assets 1,077.9 903.7 1,047.2
Noncurrent assets:      
Property plant and equipment net of accumulated depreciation: April 2, 2022: $222.0; January 1, 2022: $219.1; April 3, 2021: $202.6 128.4 129.0 120.8
Lease right-of-use assets, net 137.7 138.2 136.7
Goodwill 552.4 556.6 442.7
Indefinite-lived intangibles 707.4 718.1 382.3
Amortizable intangibles, net 72.6 74.6 71.2
Deferred Income Tax Assets, Net 1.6 1.8 2.2
Other assets 68.0 64.4 64.2
Total assets 2,746.0 2,586.4 2,267.3
Current liabilities:      
Accounts payable 293.8 222.1 279.3
Accrued salaries and wages 18.9 41.7 17.8
Other accrued liabilities 254.5 222.5 157.0
Lease liabilities 35.2 38.3 33.7
Current maturities of long-term debt 10.0 10.0 10.0
Borrowings under revolving credit agreements 355.0 225.0 0.0
Total current liabilities 967.4 759.6 497.8
Noncurrent liabilities:      
Long-term debt, less current maturities 729.6 731.8 710.4
Accrued pension liabilities 106.2 107.4 146.5
Deferred Income Tax Liabilities, Net 110.8 118.9 37.0
Operating Lease, Liability, Noncurrent 119.3 118.2 122.8
Other liabilities 97.4 106.1 127.7
Stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): April 2, 2022: 112,092,848 shares; January 1, 2022: 111,632,094 shares; April 3, 2021: 111,243,844 shares 112.1 111.6 111.2
Additional paid-in capital 302.3 298.9 265.7
Retained earnings 1,129.6 1,128.2 1,123.1
Accumulated other comprehensive loss (102.2) (98.9) (124.1)
Cost of shares in treasury: April 2, 2022: 31,035,541 shares; January 1, 2022: 29,604,013 shares; April 3, 2021: 28,359,799 shares (845.1) (810.2) (766.8)
Total Wolverine World Wide, Inc. stockholders’ equity 596.7 629.6 609.1
Noncontrolling interest 18.6 14.8 16.0
Total stockholders’ equity 615.3 644.4 625.1
Total liabilities and stockholders’ equity $ 2,746.0 $ 2,586.4 $ 2,267.3