XML 12 R3.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Oct. 01, 2022
Jan. 01, 2022
Oct. 02, 2021
Current assets:      
Cash and cash equivalents $ 136.4 $ 161.7 $ 183.6
Accounts receivable, less allowances: October 1, 2022: $23.0; January 1, 2022 $28.3; October 2, 2021: $27.4 440.0 319.6 362.6
Inventories:      
Finished products, net 871.1 354.1 400.2
Raw materials and work-in-process, net 9.8 11.4 11.8
Total inventories 880.9 365.5 412.0
Prepaid expenses and other current assets 94.5 56.9 44.4
Total current assets 1,551.8 903.7 1,002.6
Noncurrent assets:      
Property plant and equipment net of accumulated depreciation: October 1, 2022: $228.4; January 1, 2022: $219.1; October 2, 2021: $212.2 126.0 129.0 127.3
Lease right-of-use assets, net 165.0 138.2 134.7
Goodwill 526.5 556.6 555.5
Indefinite-lived intangibles 658.6 718.1 718.3
Amortizable intangibles, net 67.7 74.6 76.8
Deferred Income Tax Assets, Net 0.8 1.8 1.9
Other assets 74.2 64.4 64.3
Total assets 3,170.6 2,586.4 2,681.4
Current liabilities:      
Accounts payable 317.9 222.1 265.1
Accrued salaries and wages 26.5 41.7 39.1
Other accrued liabilities 203.4 222.5 193.5
Lease liabilities 33.5 38.3 34.4
Current maturities of long-term debt 10.0 10.0 10.0
Borrowings under revolving credit agreements 740.0 225.0 310.0
Total current liabilities 1,331.3 759.6 852.1
Noncurrent liabilities:      
Long-term debt, less current maturities 725.2 731.8 704.4
Accrued pension liabilities 103.0 107.4 145.3
Deferred Income Tax Liabilities, Net 116.4 118.9 121.2
Operating Lease, Liability, Noncurrent 147.5 118.2 117.9
Other liabilities 73.0 106.1 98.6
Stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): October 1, 2022: 112,170,049 shares; January 1, 2022: 111,632,094 shares; October 2, 2021: 111,538,349 shares 112.2 111.6 111.5
Additional paid-in capital 318.7 298.9 289.8
Retained earnings 1,277.1 1,128.2 1,151.2
Accumulated other comprehensive loss (159.7) (98.9) (128.4)
Cost of shares in treasury: October 1, 2022: 33,414,974 shares; January 1, 2022: 29,604,013 shares; October 2, 2021: 29,170,142 shares (891.4) (810.2) (797.4)
Total Wolverine World Wide, Inc. stockholders’ equity 656.9 629.6 626.7
Noncontrolling interest 17.3 14.8 15.2
Total stockholders’ equity 674.2 644.4 641.9
Total liabilities and stockholders’ equity $ 3,170.6 $ 2,586.4 $ 2,681.4