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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 30, 2017
Apr. 01, 2017
Current assets:      
Cash and cash equivalents $ 257.1 $ 481.0 $ 304.1
Accounts receivable, less allowances: March 31, 2018: $33.6; December 30, 2017: $31.5; April 1, 2017: $39.3 295.3 271.3 287.7
Inventories:      
Finished products, net 278.7 265.2 341.4
Raw materials and work-in-process, net 11.8 11.5 15.1
Total inventories 290.5 276.7 356.5
Prepaid expenses and other current assets 37.5 45.3 39.5
Total current assets 880.4 1,074.3 987.8
Property, plant and equipment:      
Gross cost 394.5 391.1 429.7
Accumulated depreciation (260.8) (254.4) (284.6)
Property plant and equipment net 133.7 136.7 145.1
Other assets:      
Goodwill 429.3 429.8 425.1
Indefinite-lived intangibles 604.5 604.5 678.5
Amortizable intangibles, net 75.6 77.0 81.4
Deferred income taxes 4.5 4.3 2.8
Other 76.0 72.4 67.1
Total other assets 1,189.9 1,188.0 1,254.9
Total assets 2,204.0 2,399.0 2,387.8
Current liabilities:      
Accounts payable 97.2 162.3 113.8
Accrued salaries and wages 17.5 40.0 21.7
Other accrued liabilities 120.0 122.0 101.0
Current maturities of long-term debt 41.2 37.5 41.2
Borrowings under revolving credit agreements and other short-term notes 0.8 0.5 2.4
Total current liabilities 276.7 362.3 280.1
Long-term debt, less current maturities 630.3 744.6 769.5
Accrued pension liabilities 142.0 142.2 143.5
Deferred income taxes 84.4 84.2 159.5
Other liabilities 113.3 110.5 39.7
Wolverine World Wide, Inc. stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): March 31, 2018: 106,825,575 shares; December 30, 2017: 106,405,449 shares; April 1, 2017: 105,735,062 shares 106.8 106.4 105.7
Additional paid-in capital 163.1 149.2 117.1
Retained earnings 1,039.4 992.2 1,026.0
Accumulated other comprehensive loss (84.1) (75.2) (78.1)
Cost of shares in treasury: March 31, 2018: 12,048,223 shares; December 30, 2017: 10,345,141 shares; April 1, 2017: 8,827,675 shares (273.7) (223.0) (183.2)
Total Wolverine World Wide, Inc. stockholders’ equity 951.5 949.6 987.5
Noncontrolling interest 5.8 5.6 8.0
Total stockholders’ equity 957.3 955.2 995.5
Total liabilities and stockholders’ equity $ 2,204.0 $ 2,399.0 $ 2,387.8