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Consolidated Condensed Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 07, 2013
Dec. 29, 2012
Sep. 08, 2012
Current assets:      
Cash and cash equivalents $ 147.8 $ 171.4 $ 144.3
Accounts receivable, less allowances: September 7, 2013 - $38.5, December 29, 2012 - $26.7, September 8, 2012 - $14.8 478.9 353.6 280.5
Inventories:      
Finished products 432.9 431.8 241.5
Raw materials and work-in-process 29.7 34.4 28.2
Total inventory, net 462.6 466.2 269.7
Deferred income taxes 26.7 28.0 14.3
Prepaid expenses and other current assets 34.1 55.7 18.6
Total current assets 1,150.1 1,074.9 727.4
Property, plant and equipment:      
Gross cost 411.2 384.8 300.9
Accumulated depreciation (255.9) (235.1) (225.0)
Property plant and equipment net 155.3 149.7 75.9
Other assets:      
Goodwill and indefinite-lived intangibles 1,138.5 1,139.7 57.5
Amortizable intangibles, net 130.5 153.5 0.8
Deferred income taxes 0.4 0.9 43.1
Deferred financing costs, net 34.3 38.9 0.4
Other 61.1 56.8 42.9
Total other assets 1,364.8 1,389.8 144.7
Total assets 2,670.2 2,614.4 948.0
Current liabilities:      
Accounts payable 182.8 160.9 59.5
Accrued salaries and wages 40.8 36.4 17.1
Other accrued liabilities 111.3 91.3 67.4
Current maturities of long-term debt 40.2 30.7 0
Borrowings under revolving credit agreement 0 [1] 0 [1] 27.0 [1]
Total current liabilities 375.1 319.3 171.0
Long-term debt, less current maturities 1,101.9 1,219.3 0
Accrued pension liabilities 167.4 165.5 95.3
Deferred income taxes 236.1 240.5 0
Other liabilities 21.7 26.1 14.0
Wolverine World Wide, Inc. stockholders’ equity:      
Common Stock - par value $1, authorized 160,000,000 shares; shares issued (including shares in treasury): September 7, 2013 – 100,645,938 shares, December 29, 2012 – 98,749,221 shares, September 8, 2012 – 97,997,058 shares 100.7 98.7 98.0
Additional paid-in capital 0 0 0
Retained earnings 746.3 633.4 638.0
Accumulated other comprehensive loss (78.4) [2] (87.5) [2] (69.4)
Cost of shares in treasury: September 7, 2013 – 77,284 shares, December 29, 2012 – 82,019 shares, September 8, 2012 – 0 shares (2.1) (2.2) 0
Total Wolverine World Wide, Inc. stockholders’ equity 766.5 642.4 666.6
Non-controlling interest 1.5 1.3 1.1
Total stockholders’ equity 768.0 643.7 667.7
Total liabilities and stockholders’ equity $ 2,670.2 $ 2,614.4 $ 948.0
[1] Borrowings shown for September 8, 2012 were under the Company’s previous revolving credit facility.
[2] All amounts are net of tax and noncontrolling interest.