XML 16 R3.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 30, 2024
Dec. 30, 2023
Apr. 01, 2023
Current assets:      
Cash and cash equivalents $ 169.7 $ 179.0 $ 116.2
Accounts receivable, less allowances: March 30, 2024: $17.3; December 30, 2023 $18.3; April 1, 2023: $13.3 231.2 230.8 251.2
Inventories:      
Finished products, net 352.6 371.6 723.7
Raw materials and work-in-process, net 1.7 2.0 2.2
Total inventories 354.3 373.6 725.9
Prepaid expenses and other current assets 70.7 81.1 87.2
Current assets held for sale 0.0 160.6 22.1
Total current assets 825.9 1,025.1 1,202.6
Noncurrent assets:      
Property plant and equipment net of accumulated depreciation: March 30, 2024: $249.8; December 30, 2023: $255.2; April 1, 2023: $242.7 92.6 96.3 140.5
Lease right-of-use assets, net 112.9 118.2 172.2
Goodwill 426.0 427.1 466.7
Indefinite-lived intangibles 173.3 174.1 276.6
Amortizable intangibles, net 33.9 34.9 60.1
Deferred Income Tax Assets, Net 116.3 116.4 28.5
Other assets 72.1 70.7 69.5
Total assets 1,853.0 2,062.8 2,416.7
Current liabilities:      
Accounts payable 202.3 206.0 226.9
Accrued salaries and wages 28.9 37.1 23.9
Other accrued liabilities 187.6 252.4 280.2
Lease liabilities 36.5 34.7 39.3
Current maturities of long-term debt 10.0 10.0 10.0
Borrowings under revolving credit agreements 265.0 305.0 450.0
Disposal Group, Including Discontinued Operation, Liabilities, Current 0.0 24.2 5.6
Total current liabilities 730.3 869.4 1,035.9
Noncurrent liabilities:      
Long-term debt, less current maturities 581.9 605.8 720.8
Accrued pension liabilities 77.7 78.4 72.6
Deferred Income Tax Liabilities, Net 27.4 26.9 34.2
Operating Lease, Liability, Noncurrent 126.6 132.4 150.9
Other liabilities 49.0 49.9 57.8
Stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): March 30, 2024: 113,319,919 shares; December 30, 2023: 112,953,782 shares; April 1, 2023: 112,838,495 shares 113.3 113.0 112.8
Additional paid-in capital 366.1 364.0 323.8
Retained earnings 812.0 834.8 917.9
Accumulated other comprehensive loss (147.9) (142.2) (136.6)
Cost of shares in treasury: March 30, 2024: 33,399,710 shares; December 30, 2023: 33,403,280 shares; April 1, 2023: 33,411,379 shares (891.0) (891.0) (891.3)
Total Wolverine World Wide, Inc. stockholders’ equity 252.5 278.6 326.6
Noncontrolling interest 7.6 21.4 17.9
Total stockholders’ equity 260.1 300.0 344.5
Total liabilities and stockholders’ equity $ 1,853.0 $ 2,062.8 $ 2,416.7