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v3.22.2

Business Segments (Tables) | 6 Months Ended
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Jul. 02, 2022
Segment Reporting [Abstract] |
Revenue and Operating Profit by Segment | The following is a summary of certain key financial measures for each reportable segment.
| Quarter Ended |  | Year-to-Date Ended
(In millions) | July 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021
Revenue: |  |  |  |  |  |  |
Wolverine Michigan Group | $ | 389.7 |  |  | $ | 354.4 |  |  | $ | 719.0 |  |  | $ | 652.1 |
Wolverine Boston Group | 253.9 |  |  | 258.0 |  |  | 466.2 |  |  | 458.9 |
Other | 70.0 |  |  | 19.5 |  |  | 143.2 |  |  | 31.6 |
Total | $ | 713.6 |  |  | $ | 631.9 |  |  | $ | 1,328.4 |  |  | $ | 1,142.6 |
Segment operating profit (loss): |  |  |  |  |  |  |
Wolverine Michigan Group | $ | 82.3 |  |  | $ | 75.5 |  |  | $ | 147.4 |  |  | $ | 134.7 |
Wolverine Boston Group | 39.9 |  |  | 47.0 |  |  | 69.1 |  |  | 81.1 |
Other | (0.5) |  |  | 1.2 |  |  | (0.4) |  |  | 1.5 |
Corporate | 46.2 |  |  | (59.9) |  |  | (28.6) |  |  | (95.4) |
Operating profit | 167.9 |  |  | 63.8 |  |  | 187.5 |  |  | 121.9 |
Interest expense, net | 10.1 |  |  | 9.7 |  |  | $ | 18.8 |  |  | $ | 19.3 |
Other expense (income), net | 0.6 |  |  | 0.1 |  |  | $ | (0.5) |  |  | $ | 2.9 |
Earnings before income taxes | $ | 157.2 |  |  | $ | 54.0 |  |  | $ | 169.2 |  |  | $ | 99.7 |
Assets and Goodwill by Segment |
(In millions) | July 2, 2022 |  | January 1, 2022 |  | July 3, 2021
Total assets: |  |  |  |  |
Wolverine Michigan Group | $ | 922.2 |  |  | $ | 651.9 |  |  | $ | 702.4 |
Wolverine Boston Group | 1,263.4 |  |  | 1,123.6 |  |  | 1,157.9 |
Other | 561.4 |  |  | 606.2 |  |  | 43.4 |
Corporate | 202.0 |  |  | 204.7 |  |  | 399.9 |
Total | $ | 2,949.0 |  |  | $ | 2,586.4 |  |  | $ | 2,303.6 |
Goodwill: |  |  |  |  |
Wolverine Michigan Group | $ | 142.6 |  |  | $ | 145.1 |  |  | $ | 145.7 |
Wolverine Boston Group | 294.2 |  |  | 296.2 |  |  | 297.9 |
Other | 102.3 |  |  | 115.3 |  |  | — |
Total | $ | 539.1 |  |  | $ | 556.6 |  |  | $ | 443.6 |

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