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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 29, 2018
Dec. 30, 2017
Sep. 30, 2017
Current assets:      
Cash and cash equivalents $ 228.1 $ 481.0 $ 342.7
Accounts receivable, less allowances: September 29, 2018: $29.7; December 30, 2017: $31.5; September 30, 2017: $37.0 364.0 271.3 294.5
Inventories:      
Finished products, net 309.2 265.2 331.5
Raw materials and work-in-process, net 15.2 11.5 7.3
Total inventories 324.4 276.7 338.8
Prepaid expenses and other current assets 32.2 45.3 44.0
Total current assets 948.7 1,074.3 1,020.0
Property, plant and equipment:      
Gross cost 393.7 391.1 410.0
Accumulated depreciation (262.3) (254.4) (267.8)
Property plant and equipment net 131.4 136.7 142.2
Other assets:      
Goodwill 427.5 429.8 429.9
Indefinite-lived intangibles 604.5 604.5 673.1
Amortizable intangibles, net 73.1 77.0 78.5
Deferred income taxes 4.0 4.3 4.4
Other 79.9 72.4 70.6
Total other assets 1,189.0 1,188.0 1,256.5
Total assets 2,269.1 2,399.0 2,418.7
Current liabilities:      
Accounts payable 139.5 162.3 141.7
Accrued salaries and wages 32.2 40.0 36.2
Other accrued liabilities 124.4 122.0 100.1
Current maturities of long-term debt 60.0 37.5 48.8
Borrowings under revolving credit agreements and other short-term notes 1.5 0.5 3.7
Total current liabilities 357.6 362.3 330.5
Long-term debt, less current maturities 601.0 744.6 744.2
Accrued pension liabilities 81.2 142.2 133.8
Deferred income taxes 99.4 84.2 150.5
Other liabilities 67.6 110.5 49.6
Wolverine World Wide, Inc. stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): September 29, 2018: 107,587,377 shares; December 30, 2017: 106,405,449 shares; September 30, 2017: 105,956,497 shares 107.6 106.4 105.9
Additional paid-in capital 190.6 149.2 134.1
Retained earnings 1,138.3 992.2 1,058.4
Accumulated other comprehensive loss (81.2) (75.2) (73.7)
Cost of shares in treasury: September 29, 2018: 12,746,435 shares; December 30, 2017: 10,345,141 shares; September 30, 2017: 10,347,476 shares (299.0) (223.0) (223.0)
Total Wolverine World Wide, Inc. stockholders’ equity 1,056.3 949.6 1,001.7
Noncontrolling interest 6.0 5.6 8.4
Total stockholders’ equity 1,062.3 955.2 1,010.1
Total liabilities and stockholders’ equity $ 2,269.1 $ 2,399.0 $ 2,418.7