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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 28, 2024
Dec. 30, 2023
Sep. 30, 2023
Current assets:      
Cash and cash equivalents $ 140.2 $ 179.0 $ 160.4
Accounts receivable, less allowances: September 28, 2024: $9.3; December 30, 2023: $18.3; September 30, 2023: $13.3 244.4 230.8 272.0
Inventories:      
Finished products, net 283.9 371.6 561.7
Raw materials and work-in-process, net 1.6 2.0 2.1
Total inventories 285.5 373.6 563.8
Prepaid expenses and other current assets 92.2 81.1 84.9
Current assets held for sale 0.0 160.6 16.1
Total current assets 762.3 1,025.1 1,097.2
Noncurrent assets:      
Property plant and equipment net of accumulated depreciation: September 28, 2024: $231.1; December 30, 2023: $255.2; September 30, 2023: $254.6 88.7 96.3 126.5
Lease right-of-use assets, net 108.0 118.2 148.7
Goodwill 430.5 427.1 465.4
Indefinite-lived intangibles 179.3 174.1 237.0
Amortizable intangibles, net 33.2 34.9 57.4
Deferred Income Tax Assets, Net 93.1 116.4 26.3
Other assets 63.6 70.7 72.8
Total assets 1,758.7 2,062.8 2,231.3
Current liabilities:      
Accounts payable 230.4 206.0 197.2
Accrued salaries and wages 29.7 37.1 21.8
Other accrued liabilities 190.2 252.4 210.9
Lease liabilities 33.3 34.7 38.7
Current maturities of long-term debt 10.0 10.0 10.0
Borrowings under revolving credit agreements 125.0 305.0 370.0
Disposal Group, Including Discontinued Operation, Liabilities, Current 0.0 24.2 3.1
Total current liabilities 618.6 869.4 851.7
Noncurrent liabilities:      
Long-term debt, less current maturities 567.8 605.8 716.3
Accrued pension liabilities 76.3 78.4 71.7
Deferred Income Tax Liabilities, Net 27.8 26.9 34.0
Operating Lease, Liability, Noncurrent 122.7 132.4 141.3
Other liabilities 48.8 49.9 53.6
Stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): September 28, 2024: 113,461,555 shares; December 30, 2023: 112,953,782 shares; September 30, 2023: 112,939,664 shares 113.5 113.0 112.9
Additional paid-in capital 376.5 364.0 330.7
Retained earnings 833.0 834.8 934.5
Accumulated other comprehensive loss (144.1) (142.2) (144.5)
Cost of shares in treasury: September 28, 2024: 33,394,607 shares; December 30, 2023: 33,403,280 shares; September 30, 2023: 33,407,203 shares (890.8) (891.0) (891.2)
Total Wolverine World Wide, Inc. stockholders’ equity 288.1 278.6 342.4
Noncontrolling interest 8.6 21.4 20.3
Total stockholders’ equity 296.7 300.0 362.7
Total liabilities and stockholders’ equity $ 1,758.7 $ 2,062.8 $ 2,231.3