XML 66 R3.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 28, 2020
Dec. 28, 2019
Mar. 30, 2019
Current assets:      
Cash and cash equivalents $ 472.6 $ 180.6 $ 80.6
Accounts receivable, less allowances: September 28, 2019: $24.0; December 29, 2018: $26.6; September 29, 2018: $29.7 323.4 331.2 375.5
Inventories:      
Finished products, net 396.2 342.0 359.2
Raw materials and work-in-process, net 9.1 6.2 14.8
Total inventories 405.3 348.2 374.0
Prepaid expenses and other current assets 50.4 107.1 45.4
Total current assets 1,251.7 967.1 875.5
Property, plant and equipment:      
Gross cost 325.6 325.0 385.6
Accumulated depreciation (187.3) (184.0) (252.6)
Property plant and equipment net 138.3 141.0 133.0
Lease right-of-use assets, net 158.3 160.8 157.2
Other assets:      
Goodwill 434.7 438.9 425.9
Indefinite-lived intangibles 604.5 604.5 604.5
Amortizable intangibles, net 76.2 77.8 70.7
Deferred Income Tax Assets, Net 2.4 2.9 3.4
Other 87.6 87.0 81.1
Total other assets 1,205.4 1,211.1 1,185.6
Total assets 2,753.7 2,480.0 2,351.3
Current liabilities:      
Accounts payable 137.6 202.1 112.6
Accrued salaries and wages 15.3 20.8 16.9
Other accrued liabilities 129.4 157.9 98.0
Operating Lease, Liability, Current 34.9 34.1 28.6
Current maturities of long-term debt 12.5 12.5 10.0
Borrowings under revolving credit agreements 790.0 360.0 326.0
Total current liabilities 1,119.7 787.4 592.1
Long-term debt, less current maturities 423.6 425.9 435.3
Accrued pension liabilities 109.5 109.7 92.1
Deferred income taxes 86.5 99.0 108.6
Operating Lease, Liability, Noncurrent 145.0 147.2 147.3
Other liabilities 133.5 132.4 58.6
Wolverine World Wide, Inc. stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): September 28, 2019: 108,058,005 shares; December 29, 2018: 107,609,206 shares; September 29, 2018: 107,587,377 shares 109.2 108.3 107.9
Additional paid-in capital 219.8 233.4 208.0
Retained earnings 1,268.1 1,263.3 1,201.2
Accumulated other comprehensive loss (111.5) (102.1) (85.7)
Cost of shares in treasury: September 28, 2019: 26,992,711 shares; December 29, 2018: 15,905,681 shares; September 29, 2018: 12,746,435 shares (760.0) (736.2) (520.0)
Total Wolverine World Wide, Inc. stockholders’ equity 725.6 766.7 911.4
Noncontrolling interest 10.3 11.7 5.9
Total stockholders’ equity 735.9 778.4 917.3
Total liabilities and stockholders’ equity $ 2,753.7 $ 2,480.0 $ 2,351.3