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Subsidiary Guarantors of the Public Bonds (Tables) | 12 Months Ended
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Jan. 02, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Consolidated Condensed Statements of Operations and Comprehensive Income | WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Operations For the fiscal year ended January 2, 2016
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenue | $ | 613.3 |  |  | $ | 2,628.6 |  |  | $ | 723.8 |  |  | $ | (1,274.1 | ) |  | $ | 2,691.6 |
Cost of goods sold | 458.4 |  |  | 1,948.8 |  |  | 375.2 |  |  | (1,145.5 | ) |  | 1,636.9 |
Restructuring costs | (0.1 | ) |  | 2.8 |  |  | 0.3 |  |  | — |  |  | 3.0 |
Gross profit | 155.0 |  |  | 677.0 |  |  | 348.3 |  |  | (128.6 | ) |  | 1,051.7 |
Selling, general and administrative expenses | 127.9 |  |  | 559.2 |  |  | 257.5 |  |  | (128.6 | ) |  | 816.0 |
Restructuring and impairment costs | 3.5 |  |  | 24.0 |  |  | 7.1 |  |  | — |  |  | 34.6 |
Operating profit | 23.6 |  |  | 93.8 |  |  | 83.7 |  |  | — |  |  | 201.1 |
Other expenses: |  |  |  |  |  |  |  |  |
Interest expense (income), net | 38.6 |  |  | 0.1 |  |  | (0.5 | ) |  | — |  |  | 38.2 |
Debt extinguishment costs | 1.6 |  |  | — |  |  | — |  |  | — |  |  | 1.6 |
Other income | (1.2 | ) |  | (1.1 | ) |  | (1.0 | ) |  | — |  |  | (3.3 | )
Total other expense (income) | 39.0 |  |  | (1.0 | ) |  | (1.5 | ) |  | — |  |  | 36.5 |
Earnings (loss) before income taxes | (15.4 | ) |  | 94.8 |  |  | 85.2 |  |  | — |  |  | 164.6 |
Income tax expense (benefit) | (6.3 | ) |  | 38.6 |  |  | 9.1 |  |  | — |  |  | 41.4 |
Earnings (loss) before equity in earnings of consolidated subsidiaries | (9.1 | ) |  | 56.2 |  |  | 76.1 |  |  | — |  |  | 123.2 |
Equity in earnings of consolidated subsidiaries | 131.9 |  |  | 13.6 |  |  | 88.0 |  |  | (233.5 | ) |  | — |
Net earnings | 122.8 |  |  | 69.8 |  |  | 164.1 |  |  | (233.5 | ) |  | 123.2 |
Less: net earnings attributable to noncontrolling interest | — |  |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |
Net earnings attributable to Wolverine World Wide, Inc. | $ | 122.8 |  |  | $ | 69.8 |  |  | $ | 163.7 |  |  | $ | (233.5 | ) |  | $ | 122.8 |
WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Comprehensive Income For the fiscal year ended January 2, 2016
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net earnings | $ | 122.8 |  |  | $ | 69.8 |  |  | $ | 164.1 |  |  | $ | (233.5 | ) |  | $ | 123.2 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (31.8 | ) |  | — |  |  | (31.8 | ) |  | 31.8 |  |  | (31.8 | )
Change in fair value of foreign exchange contracts | (2.2 | ) |  | — |  |  | (2.2 | ) |  | 2.2 |  |  | (2.2 | )
Change in fair value of interest rate swap | (2.8 | ) |  | — |  |  | — |  |  | — |  |  | (2.8 | )
Pension adjustments | 28.8 |  |  | 1.2 |  |  | — |  |  | (1.2 | ) |  | 28.8 |
Other comprehensive income (loss) | (8.0 | ) |  | 1.2 |  |  | (34.0 | ) |  | 32.8 |  |  | (8.0 | )
Comprehensive income | 114.8 |  |  | 71.0 |  |  | 130.1 |  |  | (200.7 | ) |  | 115.2 |
Less: comprehensive loss attributable to noncontrolling interest | (1.4 | ) |  | — |  |  | (1.0 | ) |  | 1.4 |  |  | (1.0 | )
Comprehensive income attributable to Wolverine World Wide, Inc. | $ | 116.2 |  |  | $ | 71.0 |  |  | $ | 131.1 |  |  | $ | (202.1 | ) |  | $ | 116.2 |
WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Operations For the fiscal year ended January 3, 2015
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenue | $ | 607.8 |  |  | $ | 3,276.1 |  |  | $ | 848.8 |  |  | $ | (1,971.6 | ) |  | $ | 2,761.1 |
Cost of goods sold | 442.9 |  |  | 2,594.9 |  |  | 483.5 |  |  | (1,847.5 | ) |  | 1,673.8 |
Restructuring costs | 0.1 |  |  | — |  |  | 0.9 |  |  | — |  |  | 1.0 |
Gross profit | 164.8 |  |  | 681.2 |  |  | 364.4 |  |  | (124.1 | ) |  | 1,086.3 |
Selling, general and administrative expenses | 126.1 |  |  | 555.1 |  |  | 258.1 |  |  | (124.1 | ) |  | 815.2 |
Acquisition-related integration costs | 6.5 |  |  | 1.1 |  |  | 7.6 |  |  | — |  |  | 15.2 |
Restructuring costs | 3.0 |  |  | 10.4 |  |  | 12.6 |  |  | — |  |  | 26.0 |
Operating profit (loss) | 29.2 |  |  | 114.6 |  |  | 86.1 |  |  | — |  |  | 229.9 |
Other expenses: |  |  |  |  |  |  |  |  |
Interest expense (income), net | 45.4 |  |  | 0.1 |  |  | (0.1 | ) |  | — |  |  | 45.4 |
Debt extinguishment costs | 1.3 |  |  | — |  |  | — |  |  | — |  |  | 1.3 |
Other expense (income), net | — |  |  | (1.3 | ) |  | 3.0 |  |  | — |  |  | 1.7 |
Total other expense (income) | 46.7 |  |  | (1.2 | ) |  | 2.9 |  |  | — |  |  | 48.4 |
Earnings (loss) before income taxes | (17.5 | ) |  | 115.8 |  |  | 83.2 |  |  | — |  |  | 181.5 |
Income tax expense | 0.7 |  |  | 37.7 |  |  | 9.2 |  |  | — |  |  | 47.6 |
Earnings (loss) before equity in earnings of consolidated subsidiaries | (18.2 | ) |  | 78.1 |  |  | 74.0 |  |  | — |  |  | 133.9 |
Equity in earnings of consolidated subsidiaries | 151.3 |  |  | 9.4 |  |  | 74.7 |  |  | (235.4 | ) |  | — |
Net earnings | 133.1 |  |  | 87.5 |  |  | 148.7 |  |  | (235.4 | ) |  | 133.9 |
Less: net earnings attributable to noncontrolling interest | — |  |  | — |  |  | 0.8 |  |  | — |  |  | 0.8 |
Net earnings attributable to Wolverine World Wide, Inc. | $ | 133.1 |  |  | $ | 87.5 |  |  | $ | 147.9 |  |  | $ | (235.4 | ) |  | $ | 133.1 |
WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Comprehensive Income For the fiscal year ended January 3, 2015
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net earnings | $ | 133.1 |  |  | $ | 87.5 |  |  | $ | 148.7 |  |  | $ | (235.4 | ) |  | $ | 133.9 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (17.4 | ) |  | — |  |  | (18.5 | ) |  | 17.4 |  |  | (18.5 | )
Change in fair value of foreign exchange contracts | 9.4 |  |  | — |  |  | 9.4 |  |  | (9.4 | ) |  | 9.4 |
Change in fair value of interest rate swap | (0.2 | ) |  | — |  |  | — |  |  | — |  |  | (0.2 | )
Pension adjustments | (32.1 | ) |  | (10.3 | ) |  | — |  |  | 10.3 |  |  | (32.1 | )
Other comprehensive loss | (40.3 | ) |  | (10.3 | ) |  | (9.1 | ) |  | 18.3 |  |  | (41.4 | )
Comprehensive income | 92.8 |  |  | 77.2 |  |  | 139.6 |  |  | (217.1 | ) |  | 92.5 |
Less: comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | (0.3 | ) |  | — |  |  | (0.3 | )
Comprehensive income attributable to Wolverine World Wide, Inc. | $ | 92.8 |  |  | $ | 77.2 |  |  | $ | 139.9 |  |  | $ | (217.1 | ) |  | $ | 92.8 |
WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Operations For the fiscal year ended December 28, 2013
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenue | $ | 538.2 |  |  | $ | 3,849.1 |  |  | $ | 774.4 |  |  | $ | (2,470.6 | ) |  | $ | 2,691.1 |
Cost of goods sold | 383.8 |  |  | 3,207.9 |  |  | 415.4 |  |  | (2,388.1 | ) |  | 1,619.0 |
Restructuring costs | 0.1 |  |  | — |  |  | 7.5 |  |  | — |  |  | 7.6 |
Gross profit | 154.3 |  |  | 641.2 |  |  | 351.5 |  |  | (82.5 | ) |  | 1,064.5 |
Selling, general and administrative expenses | 139.0 |  |  | 506.7 |  |  | 266.8 |  |  | (82.5 | ) |  | 830.0 |
Acquisition-related transaction and integration costs | 16.9 |  |  | 14.9 |  |  | 9.7 |  |  | — |  |  | 41.5 |
Restructuring and impairment costs | — |  |  | — |  |  | 0.7 |  |  | — |  |  | 0.7 |
Operating profit (loss) | (1.6 | ) |  | 119.6 |  |  | 74.3 |  |  | — |  |  | 192.3 |
Other expenses: |  |  |  |  |  |  |  |  |
Interest expense (income), net | 52.1 |  |  | (0.2 | ) |  | 0.1 |  |  | — |  |  | 52.0 |
Debt extinguishment costs | 13.1 |  |  | — |  |  | — |  |  | — |  |  | 13.1 |
Other expense (income), net | (3.7 | ) |  | 0.1 |  |  | 3.1 |  |  | — |  |  | (0.5 | )
Total other expense (income) | 61.5 |  |  | (0.1 | ) |  | 3.2 |  |  | — |  |  | 64.6 |
Earnings (loss) before income taxes | (63.1 | ) |  | 119.7 |  |  | 71.1 |  |  | — |  |  | 127.7 |
Income tax expense | 1.5 |  |  | 19.3 |  |  | 5.9 |  |  | — |  |  | 26.7 |
Earnings (loss) before equity in earnings of consolidated subsidiaries | (64.6 | ) |  | 100.4 |  |  | 65.2 |  |  | — |  |  | 101.0 |
Equity in earnings of consolidated subsidiaries | 165.0 |  |  | 114.5 |  |  | 21.7 |  |  | (301.2 | ) |  | — |
Net earnings | 100.4 |  |  | 214.9 |  |  | 86.9 |  |  | (301.2 | ) |  | 101.0 |
Less: net earnings attributable to noncontrolling interest | — |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.6 |
Net earnings attributable to Wolverine World Wide, Inc. | $ | 100.4 |  |  | $ | 214.9 |  |  | $ | 86.3 |  |  | $ | (301.2 | ) |  | $ | 100.4 |
WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Comprehensive Income For the fiscal year ended December 28, 2013
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net earnings | $ | 100.4 |  |  | $ | 214.9 |  |  | $ | 86.9 |  |  | $ | (301.2 | ) |  | $ | 101.0 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (5.4 | ) |  | — |  |  | (5.4 | ) |  | 5.4 |  |  | (5.4 | )
Change in fair value of foreign exchange contracts | 0.9 |  |  | — |  |  | 0.9 |  |  | (0.9 | ) |  | 0.9 |
Change in fair value of interest rate swap | 1.6 |  |  | — |  |  | — |  |  | — |  |  | 1.6 |
Pension adjustments | 81.2 |  |  | 13.1 |  |  | — |  |  | (13.1 | ) |  | 81.2 |
Other comprehensive (loss) income | 78.3 |  |  | 13.1 |  |  | (4.5 | ) |  | (8.6 | ) |  | 78.3 |
Comprehensive income | 178.7 |  |  | 228.0 |  |  | 82.4 |  |  | (309.8 | ) |  | 179.3 |
Less comprehensive income (loss) attributable to noncontrolling interest | (0.1 | ) |  | — |  |  | 0.6 |  |  | — |  |  | 0.5 |
Comprehensive income attributable to Wolverine World Wide, Inc. | $ | 178.8 |  |  | $ | 228.0 |  |  | $ | 81.8 |  |  | $ | (309.8 | ) |  | $ | 178.8 |
Consolidated Condensed Balance Sheets | WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets As of January 2, 2016
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 27.2 |  |  | $ | 2.6 |  |  | $ | 164.3 |  |  | $ | — |  |  | $ | 194.1 |
Accounts receivable, net | 84.8 |  |  | 105.8 |  |  | 108.3 |  |  | — |  |  | 298.9 |
Inventories: |  |  |  |  |  |  |  |  |
Finished products | (0.8 | ) |  | 371.7 |  |  | 77.1 |  |  | — |  |  | 448.0 |
Raw materials and work-in-process | 0.8 |  |  | 1.8 |  |  | 16.0 |  |  | — |  |  | 18.6 |
Total inventories | — |  |  | 373.5 |  |  | 93.1 |  |  | — |  |  | 466.6 |
Prepaid expenses and other current assets | 10.7 |  |  | 24.9 |  |  | 18.6 |  |  | — |  |  | 54.2 |
Total current assets | 122.7 |  |  | 506.8 |  |  | 384.3 |  |  | — |  |  | 1,013.8 |
Property, plant and equipment: |  |  |  |  |  |  |  |  |
Gross cost | 228.4 |  |  | 170.5 |  |  | 32.6 |  |  | — |  |  | 431.5 |
Accumulated depreciation | (178.1 | ) |  | (103.6 | ) |  | (18.2 | ) |  | — |  |  | (299.9 | )
Property, plant and equipment, net | 50.3 |  |  | 66.9 |  |  | 14.4 |  |  | — |  |  | 131.6 |
Other assets: |  |  |  |  |  |  |  |  |
Goodwill | 2.7 |  |  | 353.3 |  |  | 73.1 |  |  | — |  |  | 429.1 |
Indefinite-lived intangibles | 3.8 |  |  | 675.3 |  |  | 6.3 |  |  | — |  |  | 685.4 |
Amortizable intangibles, net | 0.6 |  |  | 96.7 |  |  | — |  |  | — |  |  | 97.3 |
Deferred income taxes | — |  |  | — |  |  | 3.7 |  |  | — |  |  | 3.7 |
Other | 54.1 |  |  | 15.6 |  |  | 3.8 |  |  | — |  |  | 73.5 |
Intercompany accounts receivable | 19.8 |  |  | 3,002.0 |  |  | 583.9 |  |  | (3,605.7 | ) |  | — |
Investment in affiliates | 3,388.4 |  |  | 854.0 |  |  | 949.4 |  |  | (5,191.8 | ) |  | — |
Total other assets | 3,469.4 |  |  | 4,996.9 |  |  | 1,620.2 |  |  | (8,797.5 | ) |  | 1,289.0 |
Total assets | $ | 3,642.4 |  |  | $ | 5,570.6 |  |  | $ | 2,018.9 |  |  | $ | (8,797.5 | ) |  | $ | 2,434.4 |
WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets - continued As of January 2, 2016
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 37.3 |  |  | $ | 98.7 |  |  | $ | 63.7 |  |  | $ | — |  |  | $ | 199.7 |
Accrued salaries and wages | 17.2 |  |  | 4.3 |  |  | 7.0 |  |  | — |  |  | 28.5 |
Other accrued liabilities | 42.6 |  |  | 35.6 |  |  | 30.0 |  |  | — |  |  | 108.2 |
Current maturities of long-term debt | 16.9 |  |  | — |  |  | — |  |  | — |  |  | 16.9 |
Total current liabilities | 114.0 |  |  | 138.6 |  |  | 100.7 |  |  | — |  |  | 353.3 |
Long-term debt, less current maturities | 792.3 |  |  | 0.6 |  |  | — |  |  | — |  |  | 792.9 |
Accrued pension liabilities | 91.2 |  |  | 18.4 |  |  | — |  |  | — |  |  | 109.6 |
Deferred income taxes | (75.2 | ) |  | 249.8 |  |  | 4.0 |  |  | — |  |  | 178.6 |
Other liabilities | 17.0 |  |  | 11.2 |  |  | 2.1 |  |  | — |  |  | 30.3 |
Intercompany accounts payable | 1,739.4 |  |  | 1,360.0 |  |  | 506.3 |  |  | (3,605.7 | ) |  | — |
Stockholders’ equity |  |  |  |  |  |  |  |  |
Wolverine World Wide, Inc. stockholders’ equity | 963.7 |  |  | 3,792.0 |  |  | 1,399.8 |  |  | (5,191.8 | ) |  | 963.7 |
Noncontrolling interest | — |  |  | — |  |  | 6.0 |  |  | — |  |  | 6.0 |
Total stockholders’ equity | 963.7 |  |  | 3,792.0 |  |  | 1,405.8 |  |  | (5,191.8 | ) |  | 969.7 |
Total liabilities and stockholders’ equity | $ | 3,642.4 |  |  | $ | 5,570.6 |  |  | $ | 2,018.9 |  |  | $ | (8,797.5 | ) |  | $ | 2,434.4 |
WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets As of January 3, 2015
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 11.4 |  |  | $ | 3.3 |  |  | $ | 209.1 |  |  | $ | — |  |  | $ | 223.8 |
Accounts receivable, net | 18.8 |  |  | 181.4 |  |  | 112.5 |  |  | — |  |  | 312.7 |
Inventories: |  |  |  |  |  |  |  |  |
Finished products | 59.5 |  |  | 260.0 |  |  | 78.6 |  |  | — |  |  | 398.1 |
Raw materials and work-in-process | 2.1 |  |  | 1.3 |  |  | 12.5 |  |  | — |  |  | 15.9 |
Total inventories | 61.6 |  |  | 261.3 |  |  | 91.1 |  |  | — |  |  | 414.0 |
Deferred income taxes | 12.8 |  |  | 14.0 |  |  | 1.3 |  |  | — |  |  | 28.1 |
Prepaid expenses and other current assets | 24.8 |  |  | 21.4 |  |  | 17.4 |  |  | — |  |  | 63.6 |
Total current assets | 129.4 |  |  | 481.4 |  |  | 431.4 |  |  | — |  |  | 1,042.2 |
Property, plant and equipment: |  |  |  |  |  |  |  |  |
Gross cost | 230.7 |  |  | 150.7 |  |  | 33.9 |  |  | — |  |  | 415.3 |
Accumulated depreciation | (183.3 | ) |  | (72.6 | ) |  | (22.6 | ) |  | — |  |  | (278.5 | )
Property, plant and equipment, net | 47.4 |  |  | 78.1 |  |  | 11.3 |  |  | — |  |  | 136.8 |
Other assets: |  |  |  |  |  |  |  |  |
Goodwill | 7.9 |  |  | 353.0 |  |  | 77.9 |  |  | — |  |  | 438.8 |
Indefinite-lived intangibles | 4.3 |  |  | 674.9 |  |  | 11.3 |  |  | — |  |  | 690.5 |
Amortizable intangibles, net | 0.6 |  |  | 111.5 |  |  | — |  |  | — |  |  | 112.1 |
Deferred income taxes | — |  |  | — |  |  | 2.8 |  |  | — |  |  | 2.8 |
Other | 53.1 |  |  | 11.9 |  |  | 3.1 |  |  | — |  |  | 68.1 |
Intercompany accounts receivable | 22.1 |  |  | 2,225.4 |  |  | 621.1 |  |  | (2,868.6 | ) |  | — |
Investment in affiliates | 3,158.2 |  |  | 608.8 |  |  | 1,221.3 |  |  | (4,988.3 | ) |  | — |
Total other assets | 3,246.2 |  |  | 3,985.5 |  |  | 1,937.5 |  |  | (7,856.9 | ) |  | 1,312.3 |
Total assets | $ | 3,423.0 |  |  | $ | 4,545.0 |  |  | $ | 2,380.2 |  |  | $ | (7,856.9 | ) |  | $ | 2,491.3 |
WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets - continued As of January 3, 2015
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 37.5 |  |  | $ | 66.4 |  |  | $ | 45.5 |  |  | $ | — |  |  | $ | 149.4 |
Accrued salaries and wages | 23.2 |  |  | 6.0 |  |  | 6.9 |  |  | — |  |  | 36.1 |
Other accrued liabilities | 31.6 |  |  | 40.9 |  |  | 36.0 |  |  | — |  |  | 108.5 |
Current maturities of long-term debt | 46.7 |  |  | — |  |  | — |  |  | — |  |  | 46.7 |
Total current liabilities | 139.0 |  |  | 113.3 |  |  | 88.4 |  |  | — |  |  | 340.7 |
Long-term debt, less current maturities | 840.3 |  |  | 0.6 |  |  | — |  |  | — |  |  | 840.9 |
Accrued pension liabilities | 106.6 |  |  | 21.5 |  |  | — |  |  | — |  |  | 128.1 |
Deferred income taxes | (60.7 | ) |  | 274.7 |  |  | 3.0 |  |  | — |  |  | 217.0 |
Other liabilities | 13.3 |  |  | 10.6 |  |  | 2.7 |  |  | — |  |  | 26.6 |
Intercompany accounts payable | 1,451.0 |  |  | 734.5 |  |  | 683.1 |  |  | (2,868.6 | ) |  | — |
Stockholders’ equity: |  |  |  |  |  |  |  |  |
Wolverine World Wide, Inc. stockholders’ equity | 933.5 |  |  | 3,389.8 |  |  | 1,598.5 |  |  | (4,988.3 | ) |  | 933.5 |
Noncontrolling interest | — |  |  | — |  |  | 4.5 |  |  | — |  |  | 4.5 |
Total stockholders’ equity | 933.5 |  |  | 3,389.8 |  |  | 1,603.0 |  |  | (4,988.3 | ) |  | 938.0 |
Total liabilities and stockholders’ equity | $ | 3,423.0 |  |  | $ | 4,545.0 |  |  | $ | 2,380.2 |  |  | $ | (7,856.9 | ) |  | $ | 2,491.3 |
Consolidated Condensed Statements of Cash Flow | WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Cash Flow For the fiscal year ended January 2, 2016
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided by (used in) operating activities | $ | 221.2 |  |  | $ | 24.3 |  |  | $ | (30.0 | ) |  | $ | — |  |  | $ | 215.5 |
Investing activities |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment | (15.9 | ) |  | (21.1 | ) |  | (9.4 | ) |  |  |  |  | (46.4 | )
Other | 0.3 |  |  | (3.9 | ) |  | — |  |  | — |  |  | (3.6 | )
Net cash used in investing activities | (15.6 | ) |  | (25.0 | ) |  | (9.4 | ) |  | — |  |  | (50.0 | )
Financing activities |  |  |  |  |  |  |  |  |
Borrowings of long-term debt | 450.0 |  |  | — |  |  | — |  |  | — |  |  | 450.0 |
Payments of long-term debt | (530.9 | ) |  | — |  |  | — |  |  | — |  |  | (530.9 | )
Payments of debt issuance costs | (2.4 | ) |  | — |  |  | — |  |  | — |  |  | (2.4 | )
Cash dividends paid | (24.4 | ) |  | — |  |  | — |  |  | — |  |  | (24.4 | )
Purchase of common stock for treasury | (92.6 | ) |  | — |  |  | — |  |  | — |  |  | (92.6 | )
Purchases of shares under employee stock plans | (7.7 | ) |  | — |  |  | — |  |  | — |  |  | (7.7 | )
Proceeds from the exercise of stock options | 13.3 |  |  | — |  |  | — |  |  | — |  |  | 13.3 |
Excess tax benefits from stock-based compensation | 4.9 |  |  | — |  |  | — |  |  | — |  |  | 4.9 |
Contributions from noncontrolling interests | — |  |  | — |  |  | 2.5 |  |  | — |  |  | 2.5 |
Net cash (used in) provided by financing activities | (189.8 | ) |  | — |  |  | 2.5 |  |  | — |  |  | (187.3 | )
Effect of foreign exchange rate changes | — |  |  | — |  |  | (7.9 | ) |  | — |  |  | (7.9 | )
Increase (decrease) in cash and cash equivalents | 15.8 |  |  | (0.7 | ) |  | (44.8 | ) |  | — |  |  | (29.7 | )
Cash and cash equivalents at beginning of the year | 11.4 |  |  | 3.3 |  |  | 209.1 |  |  | — |  |  | 223.8 |
Cash and cash equivalents at end of the year | $ | 27.2 |  |  | $ | 2.6 |  |  | $ | 164.3 |  |  | $ | — |  |  | $ | 194.1 |
WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Cash Flow For the fiscal year ended January 3, 2015
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided by operating activities | $ | 274.1 |  |  | $ | 9.1 |  |  | $ | 31.4 |  |  | $ | — |  |  | $ | 314.6 |
Investing activities |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment | (7.7 | ) |  | (19.6 | ) |  | (2.7 | ) |  | — |  |  | (30.0 | )
Investment in joint ventures | — |  |  | — |  |  | (1.1 | ) |  | — |  |  | (1.1 | )
Other | (2.4 | ) |  | (1.2 | ) |  | (0.1 | ) |  | — |  |  | (3.7 | )
Net cash used in investing activities | (10.1 | ) |  | (20.8 | ) |  | (3.9 | ) |  | — |  |  | (34.8 | )
Financing activities |  |  |  |  |  |  |  |  |
Payments of long-term debt | (249.8 | ) |  | — |  |  | — |  |  | — |  |  | (249.8 | )
Cash dividends paid | (24.0 | ) |  | — |  |  | — |  |  | — |  |  | (24.0 | )
Purchases of shares under employee stock plans | (10.5 | ) |  | — |  |  | — |  |  | — |  |  | (10.5 | )
Proceeds from the exercise of stock options | 7.3 |  |  | — |  |  | — |  |  | — |  |  | 7.3 |
Excess tax benefits from stock-based compensation | 5.6 |  |  | — |  |  | — |  |  | — |  |  | 5.6 |
Contributions from noncontrolling interest | — |  |  | — |  |  | 1.0 |  |  | — |  |  | 1.0 |
Net cash provided by (used in) financing activities | (271.4 | ) |  | — |  |  | 1.0 |  |  | — |  |  | (270.4 | )
Effect of foreign exchange rate changes | — |  |  | — |  |  | 0.2 |  |  | — |  |  | 0.2 |
Increase (decrease) in cash and cash equivalents | (7.4 | ) |  | (11.7 | ) |  | 28.7 |  |  | — |  |  | 9.6 |
Cash and cash equivalents at beginning of the year | 18.8 |  |  | 15.0 |  |  | 180.4 |  |  | — |  |  | 214.2 |
Cash and cash equivalents at end of the year | $ | 11.4 |  |  | $ | 3.3 |  |  | $ | 209.1 |  |  | $ | — |  |  | $ | 223.8 |
WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Cash Flow For the fiscal year ended December 28, 2013
(In millions) | Parent |  | Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided by (used in) operating activities | $ | 127.1 |  |  | $ | (10.0 | ) |  | $ | 85.2 |  |  | $ | — |  |  | $ | 202.3 |
Investing activities |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment | (11.9 | ) |  | (25.0 | ) |  | (4.8 | ) |  | — |  |  | (41.7 | )
Proceeds from sale of property, plant and equipment | — |  |  | 2.8 |  |  | — |  |  | — |  |  | 2.8 |
Investment in joint venture | — |  |  | — |  |  | (2.5 | ) |  | — |  |  | (2.5 | )
Other | (2.9 | ) |  | (1.3 | ) |  | 0.9 |  |  | — |  |  | (3.3 | )
Net cash used in investing activities | (14.8 | ) |  | (23.5 | ) |  | (6.4 | ) |  | — |  |  | (44.7 | )
Financing activities |  |  |  |  |  |  |  |  |
Borrowings of long-term debt | 775.0 |  |  | — |  |  | — |  |  | — |  |  | 775.0 |
Payments of long-term debt | (875.0 | ) |  | — |  |  | — |  |  | — |  |  | (875.0 | )
Payments of debt issuance costs | (2.3 | ) |  | — |  |  | — |  |  | — |  |  | (2.3 | )
Cash dividends paid | (23.7 | ) |  | — |  |  | — |  |  | — |  |  | (23.7 | )
Purchases of shares under employee stock plans | (0.8 | ) |  | — |  |  | — |  |  | — |  |  | (0.8 | )
Proceeds from the exercise of stock options | 8.6 |  |  | — |  |  | — |  |  | — |  |  | 8.6 |
Excess tax benefits from stock-based compensation | 3.4 |  |  | — |  |  | — |  |  | — |  |  | 3.4 |
Contributions from noncontrolling interest | — |  |  | — |  |  | 2.0 |  |  | — |  |  | 2.0 |
Net cash (used in) provided by financing activities | (114.8 | ) |  | — |  |  | 2.0 |  |  | — |  |  | (112.8 | )
Effect of foreign exchange rate changes | — |  |  | — |  |  | (2.0 | ) |  | — |  |  | (2.0 | )
Increase (decrease) in cash and cash equivalents | (2.5 | ) |  | (33.5 | ) |  | 78.8 |  |  | — |  |  | 42.8 |
Cash and cash equivalents at beginning of the year | 21.3 |  |  | 48.5 |  |  | 101.6 |  |  | — |  |  | 171.4 |
Cash and cash equivalents at end of the year | $ | 18.8 |  |  | $ | 15.0 |  |  | $ | 180.4 |  |  | $ | — |  |  | $ | 214.2 |

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