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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Oct. 01, 2022
Current assets:      
Cash and cash equivalents $ 160.4 $ 131.5 $ 136.4
Accounts receivable, less allowances: September 30, 2023: $13.3; December 31, 2022 $11.1; October 1, 2022: $23.0 272.0 241.7 440.0
Inventories:      
Finished products, net 561.7 743.2 871.1
Raw materials and work-in-process, net 2.1 2.0 9.8
Total inventories 563.8 745.2 880.9
Prepaid expenses and other current assets 84.9 79.0 94.5
Current assets held for sale 16.1 67.9 0.0
Total current assets 1,097.2 1,265.3 1,551.8
Noncurrent assets:      
Property plant and equipment net of accumulated depreciation: September 30, 2023: $254.6; December 31, 2022: $236.1; October 1, 2022: $228.4 126.5 136.2 126.0
Lease right-of-use assets, net 148.7 174.7 165.0
Goodwill 465.4 485.0 526.5
Indefinite-lived intangibles 237.0 274.0 658.6
Amortizable intangibles, net 57.4 67.4 67.7
Deferred Income Tax Assets, Net 26.3 24.5 0.8
Other assets 72.8 65.6 74.2
Total assets 2,231.3 2,492.7 3,170.6
Current liabilities:      
Accounts payable 197.2 272.2 317.9
Accrued salaries and wages 21.8 32.3 26.5
Other accrued liabilities 210.9 322.9 203.4
Lease liabilities 38.7 39.1 33.5
Current maturities of long-term debt 10.0 10.0 10.0
Borrowings under revolving credit agreements 370.0 425.0 740.0
Disposal Group, Including Discontinued Operation, Liabilities, Current 3.1 8.8 0.0
Total current liabilities 851.7 1,110.3 1,331.3
Noncurrent liabilities:      
Long-term debt, less current maturities 716.3 723.0 725.2
Accrued pension liabilities 71.7 72.9 103.0
Deferred Income Tax Liabilities, Net 34.0 35.3 116.4
Operating Lease, Liability, Noncurrent 141.3 153.6 147.5
Other liabilities 53.6 58.6 73.0
Stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): September 30, 2023: 112,939,664 shares; December 31, 2022: 112,202,078 shares; October 1, 2022: 112,170,049 shares 112.9 112.2 112.2
Additional paid-in capital 330.7 325.4 318.7
Retained earnings 934.5 907.2 1,277.1
Accumulated other comprehensive loss (144.5) (132.9) (159.7)
Cost of shares in treasury: September 30, 2023: 33,407,203 shares; December 31, 2022: 33,413,204 shares; October 1, 2022: 33,414,974 shares (891.2) (891.3) (891.4)
Total Wolverine World Wide, Inc. stockholders’ equity 342.4 320.6 656.9
Noncontrolling interest 20.3 18.4 17.3
Total stockholders’ equity 362.7 339.0 674.2
Total liabilities and stockholders’ equity $ 2,231.3 $ 2,492.7 $ 3,170.6