XML 69 R59.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsidiary Guarantors of the Notes (Consolidated Condensed Balance Sheets) (Details) (USD $)
In Millions, unless otherwise specified
Sep. 07, 2013
Dec. 29, 2012
Sep. 08, 2012
Dec. 31, 2011
Current assets:        
Cash and cash equivalents $ 147.8 $ 171.4 $ 144.3 $ 140.0
Accounts receivable, net 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  
Intercompany accounts receivable 0   0  
Investment in affiliates 0   0  
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  
Intercompany accounts payable 0      
Other liabilities 21.7 26.1 14.0  
Stockholders’ equity:        
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  
Parent [Member]
        
Current assets:        
Cash and cash equivalents (3.4) 21.3 5.6 1.5
Accounts receivable, net 101.8   102.8  
Inventories:        
Finished products 64.7   77.7  
Raw materials and work-in-process 0.8   1.8  
Total inventory, net 65.5   79.5  
Deferred income taxes 9.4   14.4  
Prepaid expenses and other current assets 17.6   8.2  
Total current assets 190.9   210.5  
Property, plant and equipment:        
Gross cost 220.5   209.4  
Accumulated depreciation (170.2)   (162.5)  
Property plant and equipment net 50.3   46.9  
Other assets:        
Goodwill and indefinite-lived intangibles 11.7   11.3  
Amortizable intangibles, net 0.4   0.3  
Deferred income taxes 0.2   45.2  
Deferred financing costs, net 34.3   0.4  
Other 45.4   39.4  
Intercompany accounts receivable      229.6  
Investment in affiliates 2,752.3   749.2  
Total other assets 2,844.3   1,075.4  
Total assets 3,085.5   1,332.8  
Current liabilities:        
Accounts payable 44.5   22.9  
Accrued salaries and wages 22.0   10.8  
Other accrued liabilities 59.9   28.8  
Current maturities of long-term debt 40.2      
Borrowings under revolving credit agreement     27.0  
Total current liabilities 166.6   89.5  
Long-term debt, less current maturities 1,101.9       
Accrued pension liabilities 131.8   95.3  
Deferred income taxes (49.7)   473.0  
Intercompany accounts payable 958.9      
Other liabilities 9.5   8.4  
Stockholders’ equity:        
Wolverine World Wide, Inc. stockholders’ equity 766.5   666.6  
Non-controlling interest          
Total stockholders’ equity 766.5   666.6  
Total liabilities and stockholders’ equity 3,085.5   1,332.8  
Subsidiary Guarantors [Member]
        
Current assets:        
Cash and cash equivalents 13.1 48.5 (5.5) 3.0
Accounts receivable, net 226.6   77.8  
Inventories:        
Finished products 279.3   78.9  
Raw materials and work-in-process 0.6   0.3  
Total inventory, net 279.9   79.2  
Deferred income taxes 16.9       
Prepaid expenses and other current assets 3.8   2.6  
Total current assets 540.3   154.1  
Property, plant and equipment:        
Gross cost 136.5   46.1  
Accumulated depreciation (49.0)   (30.8)  
Property plant and equipment net 87.5   15.3  
Other assets:        
Goodwill and indefinite-lived intangibles 1,032.0   14.2  
Amortizable intangibles, net 129.9   0.3  
Deferred income taxes          
Deferred financing costs, net          
Other 9.4       
Intercompany accounts receivable 1,209.2   432.1  
Investment in affiliates 510.2   203.5  
Total other assets 2,890.7   650.1  
Total assets 3,518.5   819.5  
Current liabilities:        
Accounts payable 86.7   10.7  
Accrued salaries and wages 11.2   1.6  
Other accrued liabilities 8.5   12.2  
Current maturities of long-term debt         
Borrowings under revolving credit agreement         
Total current liabilities 106.4   24.5  
Long-term debt, less current maturities          
Accrued pension liabilities 35.6       
Deferred income taxes 284.1   5.9  
Intercompany accounts payable 24.8      
Other liabilities 9.2   1.2  
Stockholders’ equity:        
Wolverine World Wide, Inc. stockholders’ equity 3,058.4   787.9  
Non-controlling interest          
Total stockholders’ equity 3,058.4   787.9  
Total liabilities and stockholders’ equity 3,518.5   819.5  
Non-Guarantor Subsidiaries [Member]
        
Current assets:        
Cash and cash equivalents 138.1 101.6 144.2 135.5
Accounts receivable, net 147.0   99.9  
Inventories:        
Finished products 90.3   84.9  
Raw materials and work-in-process 28.3   26.1  
Total inventory, net 118.6   111.0  
Deferred income taxes 0.4   (0.1)  
Prepaid expenses and other current assets 12.1   7.8  
Total current assets 416.2   362.8  
Property, plant and equipment:        
Gross cost 54.2   45.4  
Accumulated depreciation (36.7)   (31.7)  
Property plant and equipment net 17.5   13.7  
Other assets:        
Goodwill and indefinite-lived intangibles 94.8   32.0  
Amortizable intangibles, net 0.2   0.2  
Deferred income taxes 0.2   (2.1)  
Deferred financing costs, net          
Other 4.0   3.5  
Intercompany accounts receivable 132.8   125.6  
Investment in affiliates 384.7   382.4  
Total other assets 616.7   541.6  
Total assets 1,050.4   918.1  
Current liabilities:        
Accounts payable 48.1   25.9  
Accrued salaries and wages 7.6   4.7  
Other accrued liabilities 41.4   26.4  
Current maturities of long-term debt         
Borrowings under revolving credit agreement         
Total current liabilities 97.1   57.0  
Long-term debt, less current maturities          
Accrued pension liabilities          
Deferred income taxes 1.7   308.4  
Intercompany accounts payable 358.3      
Other liabilities 3.0   4.4  
Stockholders’ equity:        
Wolverine World Wide, Inc. stockholders’ equity 588.8   547.2  
Non-controlling interest 1.5   1.1  
Total stockholders’ equity 590.3   548.3  
Total liabilities and stockholders’ equity 1,050.4   918.1  
Eliminations [Member]
        
Current assets:        
Cash and cash equivalents          
Accounts receivable, net 3.5       
Inventories:        
Finished products (1.4)       
Raw materials and work-in-process          
Total inventory, net (1.4)       
Deferred income taxes          
Prepaid expenses and other current assets 0.6       
Total current assets 2.7       
Property, plant and equipment:        
Gross cost          
Accumulated depreciation          
Property plant and equipment net          
Other assets:        
Goodwill and indefinite-lived intangibles          
Amortizable intangibles, net          
Deferred income taxes          
Deferred financing costs, net          
Other 2.3       
Intercompany accounts receivable (1,342.0)   (787.3)  
Investment in affiliates (3,647.2)   (1,335.1)  
Total other assets (4,986.9)   (2,122.4)  
Total assets (4,984.2)   (2,122.4)  
Current liabilities:        
Accounts payable 3.5       
Accrued salaries and wages          
Other accrued liabilities 1.5       
Current maturities of long-term debt         
Borrowings under revolving credit agreement         
Total current liabilities 5.0       
Long-term debt, less current maturities          
Accrued pension liabilities          
Deferred income taxes      (787.3)  
Intercompany accounts payable (1,342.0)      
Other liabilities          
Stockholders’ equity:        
Wolverine World Wide, Inc. stockholders’ equity (3,647.2)   (1,335.1)  
Non-controlling interest          
Total stockholders’ equity (3,647.2)   (1,335.1)  
Total liabilities and stockholders’ equity $ (4,984.2)   $ (2,122.4)  
[1] Borrowings shown for September 8, 2012 were under the Company’s previous revolving credit facility.