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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 02, 2021
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 347.4 $ 180.6
Accounts receivable, less allowances of $33.5 and $26.7 268.3 331.2
Inventories:    
Finished products, net 237.9 342.0
Raw materials and work-in-process, net 5.2 6.2
Total inventories 243.1 348.2
Prepaid expenses and other current assets 45.4 107.1
Total current assets 904.2 967.1
Property, plant and equipment:    
Gross cost 321.8 325.0
Accumulated depreciation (197.2) (184.0)
Property, plant and equipment, net 124.6 141.0
Lease right-of-use assets 142.5 160.8
Other assets:    
Goodwill 442.4 438.9
Indefinite-lived intangibles 382.3 604.5
Amortizable intangibles, net 73.0 77.8
Deferred Income Tax Assets, Net 3.2 2.9
Other 65.2 87.0
Total other assets 966.1 1,211.1
Total assets 2,137.4 2,480.0
Current liabilities:    
Accounts payable 185.0 202.1
Accrued salaries and wages 27.0 20.8
Other accrued liabilities 150.0 157.9
Lease liabilities 34.0 34.1
Current maturities of long-term debt 10.0 12.5
Borrowings under revolving credit agreements 0.0 360.0
Total current liabilities 406.0 787.4
Long-term debt, less current maturities 712.5 425.9
Accrued pension liabilities 147.0 109.7
Deferred income taxes 35.5 99.0
Lease liabilities, noncurrent 130.3 147.2
Other liabilities 133.1 132.4
Wolverine World Wide, Inc. stockholders’ equity:    
Common stock – par value $1, authorized 320,000,000 shares; 110,426,769, and 108,329,250 shares issued 110.4 108.3
Additional paid-in capital 252.6 233.4
Retained earnings 1,093.3 1,263.3
Accumulated other comprehensive loss (130.6) (102.1)
Cost of shares in treasury; 28,285,274, and 27,181,512 shares (764.3) (736.2)
Total Wolverine World Wide, Inc. stockholders’ equity 561.4 766.7
Noncontrolling interest 11.6 11.7
Total stockholders’ equity 573.0 778.4
Total liabilities and stockholders’ equity $ 2,137.4 $ 2,480.0