Business Segments (Tables)

9 Months Ended

Oct. 01, 2022

Segment Reporting [Abstract]

Revenue and Operating Profit by Segment

The following is a summary of certain key financial measures for each reportable segment.

	Quarter Ended				Year-to-Date Ended
(In millions)	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Revenue:
Wolverine Michigan Group	$	390.2	$	324.8	$	1,109.2	$	976.9
Wolverine Boston Group	247.7		258.8		713.9		717.7
Other	53.5		53.1		196.7		84.7
Total	$	691.4	$	636.7	$	2,019.8	$	1,779.3
Segment operating profit (loss):
Wolverine Michigan Group	$	72.3	$	61.3	$	219.7	$	196.0
Wolverine Boston Group	32.2		44.1		101.3		125.2
Other	(5.2)		2.4		(5.6)		3.9
Corporate	(40.5)		(65.3)		(69.1)		(160.7)
Operating profit	58.8		42.5		246.3		164.4
Interest expense, net	12.5		9.6		$	31.3	$	28.9
Debt extinguishment and other costs	—		34.0		—		34.0
Other expense (income), net	2.7		(0.4)		$	2.2	$	2.5
Earnings (loss) before income taxes	$	43.6	$	(0.7)	$	212.8	$	99.0

Assets and Goodwill by Segment

(In millions)	October 1, 2022		January 1, 2022		October 2, 2021
Total assets:
Wolverine Michigan Group	$	1,071.3	$	651.9	$	692.5
Wolverine Boston Group	1,369.3		1,123.6		1,162.4
Other	536.7		606.2		599.6
Corporate	193.3		204.7		226.9
Total	$	3,170.6	$	2,586.4	$	2,681.4
Goodwill:
Wolverine Michigan Group	$	141.0	$	145.1	$	145.2
Wolverine Boston Group	290.7		296.2		296.4
Other	94.8		115.3		113.9
Total	$	526.5	$	556.6	$	555.5