XML 72 R62.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsidiary Guarantors of the Public Bonds (Consolidated Condensed Statements of Operations and Comprehensive Income) (Details) - USD ($)
$ in Millions
3 Months Ended 8 Months Ended
Sep. 10, 2016
Sep. 12, 2015
Sep. 10, 2016
Sep. 12, 2015
Condensed Income Statements, Captions [Line Items]        
Revenue $ 603.7 $ 678.9 $ 1,765.0 $ 1,940.4
Cost of goods sold 366.1 407.2 1,068.1 1,160.9
Restructuring costs 0.3 0.0 4.2 0.0
Gross profit 237.3 271.7 692.7 779.5
Selling, general and administrative expenses 167.4 191.0 534.5 584.9
Restructuring and impairment costs 0.9 4.8 13.4 7.5
Operating profit (Loss) 69.0 75.9 144.8 187.1
Other expenses:        
Interest expense (income), net 8.6 9.0 24.9 27.5
Debt extinguishment and other costs 0.5 1.6 0.5 1.6
Other expense (income), net 0.0 0.5 1.0 1.3
Total other expenses (income) (9.1) (11.1) (26.4) (30.4)
Earnings (loss) before income taxes 59.9 64.8 118.4 156.7
Income tax expense (benefit) 11.7 18.8 28.5 45.4
Earnings (loss) before equity in earnings of consolidated subsidiaries 48.2 46.0 89.9 111.3
Net earnings 48.2 46.0 89.9 111.3
Less: net earnings (loss) attributable to noncontrolling interests 0.0 0.2 0.3 0.1
Net earnings attributable to Wolverine World Wide, Inc. 48.2 45.8 89.6 111.2
Comprehensive income 46.5 32.8 86.6 91.4
Less: comprehensive income (loss) attributable to noncontrolling interest 0.4 (0.8) 0.3 (1.2)
Comprehensive income attributable to Wolverine World Wide, Inc. 46.1 33.6 86.3 92.6
Parent [Member]        
Condensed Income Statements, Captions [Line Items]        
Revenue 0.0 149.6 0.0 418.9
Cost of goods sold 0.8 108.3 4.1 309.6
Restructuring costs     0.3  
Gross profit (0.8) 41.3 (4.4) 109.3
Selling, general and administrative expenses 8.3 37.4 53.7 127.6
Restructuring and impairment costs   1.4 1.6 2.9
Operating profit (Loss) (9.1) 2.5 (59.7) (21.2)
Other expenses:        
Interest expense (income), net 8.7 9.0 25.4 27.4
Debt extinguishment and other costs 0.5 1.6 0.5 1.6
Other expense (income), net 6.0   6.4 2.2
Total other expenses (income) (15.2) (10.6) (32.3) (31.2)
Earnings (loss) before income taxes (24.3) (8.1) (92.0) (52.4)
Income tax expense (benefit) (12.4) (3.4) (38.5) (20.4)
Earnings (loss) before equity in earnings of consolidated subsidiaries (11.9) (4.7) (53.5) (32.0)
Equity in earnings (loss) of consolidated subsidiaries 60.1 50.5 143.1 143.2
Net earnings 48.2 45.8 89.6 111.2
Net earnings attributable to Wolverine World Wide, Inc. 48.2 45.8 89.6 111.2
Comprehensive income 46.5 32.3 86.3 91.3
Less: comprehensive income (loss) attributable to noncontrolling interest 0.4 (1.3) (1.3)
Comprehensive income attributable to Wolverine World Wide, Inc. 46.1 33.6 86.3 92.6
Subsidiary Guarantors [Member]        
Condensed Income Statements, Captions [Line Items]        
Revenue 671.7 1,016.0 1,980.4 2,949.0
Cost of goods sold 487.3 860.7 1,428.6 2,487.8
Restructuring costs 0.1   3.7  
Gross profit 184.3 155.3 548.1 461.2
Selling, general and administrative expenses 126.6 107.9 386.1 323.1
Restructuring and impairment costs 0.7 1.7 7.9 2.9
Operating profit (Loss) 57.0 45.7 154.1 135.2
Other expenses:        
Interest expense (income), net     (0.2) 0.2
Other expense (income), net (6.0) 0.3 (5.4) (0.6)
Total other expenses (income) 6.0 (0.3) 5.6 0.4
Earnings (loss) before income taxes 63.0 45.4 159.7 135.6
Income tax expense (benefit) 29.5 18.4 66.8 53.0
Earnings (loss) before equity in earnings of consolidated subsidiaries 33.5 27.0 92.9 82.6
Equity in earnings (loss) of consolidated subsidiaries (4.8) 14.8 30.2 53.9
Net earnings 28.7 41.8 123.1 136.5
Net earnings attributable to Wolverine World Wide, Inc. 28.7 41.8 123.1 136.5
Comprehensive income 28.7 41.8 123.1 136.5
Comprehensive income attributable to Wolverine World Wide, Inc. 28.7 41.8 123.1 136.5
Non-Guarantor Subsidiaries [Member]        
Condensed Income Statements, Captions [Line Items]        
Revenue 146.7 213.9 406.2 587.4
Cost of goods sold 74.4 121.2 205.1 326.8
Restructuring costs 0.2   0.2  
Gross profit 72.1 92.7 200.9 260.6
Selling, general and administrative expenses 50.8 63.4 146.6 185.8
Restructuring and impairment costs 0.2 1.7 3.9 1.7
Operating profit (Loss) 21.1 27.6 50.4 73.1
Other expenses:        
Interest expense (income), net (0.1)   (0.3) (0.1)
Other expense (income), net   0.2   (0.3)
Total other expenses (income) 0.1 (0.2) 0.3 0.4
Earnings (loss) before income taxes 21.2 27.4 50.7 73.5
Income tax expense (benefit) (5.4) 3.8 0.2 12.8
Earnings (loss) before equity in earnings of consolidated subsidiaries 26.6 23.6 50.5 60.7
Equity in earnings (loss) of consolidated subsidiaries 43.2 31.7 52.9 93.8
Net earnings 69.8 55.3 103.4 154.5
Less: net earnings (loss) attributable to noncontrolling interests   0.2 0.3 0.1
Net earnings attributable to Wolverine World Wide, Inc. 69.8 55.1 103.1 154.4
Comprehensive income 66.3 41.9 103.2 128.9
Less: comprehensive income (loss) attributable to noncontrolling interest 0.4 (0.8) 0.3 (1.2)
Comprehensive income attributable to Wolverine World Wide, Inc. 65.9 42.7 102.9 130.1
Eliminations [Member]        
Condensed Income Statements, Captions [Line Items]        
Revenue (214.7) (700.6) (621.6) (2,014.9)
Cost of goods sold (196.4) (683.0) (569.7) (1,963.3)
Gross profit (18.3) (17.6) (51.9) (51.6)
Selling, general and administrative expenses (18.3) (17.7) (51.9) (51.6)
Operating profit (Loss)   0.1    
Other expenses:        
Earnings (loss) before income taxes   0.1    
Earnings (loss) before equity in earnings of consolidated subsidiaries   0.1    
Equity in earnings (loss) of consolidated subsidiaries (98.5) (97.0) (226.2) (290.9)
Net earnings (98.5) (96.9) (226.2) (290.9)
Net earnings attributable to Wolverine World Wide, Inc. (98.5) (96.9) (226.2) (290.9)
Comprehensive income (95.0) (83.2) (226.0) (265.3)
Less: comprehensive income (loss) attributable to noncontrolling interest (0.4) 1.3 1.3
Comprehensive income attributable to Wolverine World Wide, Inc. $ (94.6) $ (84.5) $ (226.0) $ (266.6)