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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Apr. 03, 2021
Jan. 02, 2021
Mar. 28, 2020
Current assets:      
Cash and cash equivalents $ 364.8 $ 347.4 $ 472.6
Accounts receivable, less allowances: April 3, 2021: $25.0; January 2, 2021 $33.5; March 28, 2020: $28.3 323.6 268.3 323.4
Inventories:      
Finished products, net 311.2 237.9 396.2
Raw materials and work-in-process, net 9.7 5.2 9.1
Total inventories 320.9 243.1 405.3
Prepaid expenses and other current assets 37.9 45.4 50.4
Total current assets 1,047.2 904.2 1,251.7
Noncurrent assets:      
Property plant and equipment net of accumulated depreciation: April 3, 2021: $202.6; January 2, 2021: $197.2; March 28, 2020: $187.3 120.8 124.6 138.3
Lease right-of-use assets, net 136.7 142.5 158.3
Goodwill 442.7 442.4 434.7
Indefinite-lived intangibles 382.3 382.3 604.5
Amortizable intangibles, net 71.2 73.0 76.2
Deferred Income Tax Assets, Net 2.2 3.2 2.4
Other assets 64.2 65.2 87.6
Total assets 2,267.3 2,137.4 2,753.7
Current liabilities:      
Accounts payable 279.3 185.0 137.6
Accrued salaries and wages 17.8 27.0 15.3
Other accrued liabilities 157.0 150.0 129.4
Lease liabilities 33.7 34.0 34.9
Current maturities of long-term debt 10.0 10.0 12.5
Borrowings under revolving credit agreements 0.0 0.0 790.0
Total current liabilities 497.8 406.0 1,119.7
Noncurrent liabilities:      
Long-term debt, less current maturities 710.4 712.5 423.6
Accrued pension liabilities 146.5 147.0 109.5
Deferred Income Tax Liabilities, Net 37.0 35.5 86.5
Operating Lease, Liability, Noncurrent 122.8 130.3 145.0
Other liabilities 127.7 133.1 133.5
Stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): April 3, 2021: 111,243,844 shares; January 2, 2021: 110,426,769 shares; March 28, 2020: 109,208,832 shares 111.2 110.4 109.2
Additional paid-in capital 265.7 252.6 219.8
Retained earnings 1,123.1 1,093.3 1,268.1
Accumulated other comprehensive loss (124.1) (130.6) (111.5)
Cost of shares in treasury: April 3, 2021: 28,359,799 shares; January 2, 2021: 28,285,274 shares; March 28, 2020: 28,146,763 shares (766.8) (764.3) (760.0)
Total Wolverine World Wide, Inc. stockholders’ equity 609.1 561.4 725.6
Noncontrolling interest 16.0 11.6 10.3
Total stockholders’ equity 625.1 573.0 735.9
Total liabilities and stockholders’ equity $ 2,267.3 $ 2,137.4 $ 2,753.7