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Accounting Policies (Tables) | 9 Months Ended
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Sep. 27, 2025
Accounting Policies [Abstract] |
Details of Impairment of Long-Lived Assets Held and Used by Asset | The following table provides details related to asset impairment charges recorded:
|  |  | Quarter Ended |  |  |  | Year-To-Date Ended
(In millions) |  |  | September 28, 2024 |  |  |  | September 28, 2024
Lease right-of-use assets impairment |  |  | $ | — |  |  |  |  | $ | 5.9 |
Property, plant and equipment impairment |  |  | — |  |  |  |  | 3.4 |
Total impairment |  |  | $ | — |  |  |  |  | $ | 9.3 |
Schedule of Error Corrections and Prior Period Adjustments | The tables below illustrate the impacts for the quarter and year-to-date periods ended September 27, 2025 and historical financial statement line items within the accompanying financial statements that were adjusted as a result of the retrospective application:
| Quarter Ended September 27, 2025 |  | Year-To-Date Ended September 27, 2025
(In millions, except share data) | As Computed under LIFO |  | Effect of Change |  | As Reported |  | As Computed under LIFO |  | Effect of Change |  | As Reported
Consolidated Condensed Statement of Operations and Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | $ | 249.5 |  |  | $ | (2.4) |  |  | $ | 247.1 |  |  | $ | 717.2 |  |  | $ | (3.7) |  |  | $ | 713.5 |
Earnings (loss) before income taxes | 30.7 |  |  | 2.4 |  |  | 33.1 |  |  | 77.5 |  |  | 3.7 |  |  | 81.2 |
Income tax expense (benefit) | 6.2 |  |  | 0.6 |  |  | 6.8 |  |  | 11.8 |  |  | 0.9 |  |  | 12.7 |
Net earnings (loss) | 24.5 |  |  | 1.8 |  |  | 26.3 |  |  | 65.7 |  |  | 2.8 |  |  | 68.5 |
Net earnings (loss) attributable to Wolverine World Wide, Inc. | 23.3 |  |  | 1.8 |  |  | 25.1 |  |  | 61.2 |  |  | 2.8 |  |  | 64.0 |
Comprehensive income (loss) | 17.4 |  |  | 1.8 |  |  | 19.2 |  |  | 69.9 |  |  | 2.8 |  |  | 72.7 |
Comprehensive income (loss) attributable to Wolverine World Wide, Inc. | 16.1 |  |  | 1.8 |  |  | 17.9 |  |  | 64.8 |  |  | 2.8 |  |  | 67.6 |
Net earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.28 |  |  | $ | 0.02 |  |  | $ | 0.30 |  |  | $ | 0.73 |  |  | $ | 0.03 |  |  | $ | 0.76 |
Diluted | $ | 0.28 |  |  | $ | 0.02 |  |  | $ | 0.30 |  |  | $ | 0.73 |  |  | $ | 0.03 |  |  | $ | 0.76 |
| Quarter Ended September 28, 2024 |  | Year-To-Date Ended September 28, 2024
(In millions, except share data) | As Originally Reported |  | Effect of Change |  | As Adjusted |  | As Originally Reported |  | Effect of Change |  | As Adjusted
Consolidated Condensed Statement of Operations and Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | $ | 241.0 |  |  | $ | 0.5 |  |  | $ | 241.5 |  |  | $ | 696.5 |  |  | $ | 1.5 |  |  | $ | 698.0 |
Earnings (loss) before income taxes | 29.4 |  |  | (0.5) |  |  | 28.9 |  |  | 33.1 |  |  | (1.5) |  |  | 31.6 |
Income tax expense (benefit) | 5.1 |  |  | (0.1) |  |  | 5.0 |  |  | 6.9 |  |  | (0.3) |  |  | 6.6 |
Net earnings (loss) | 24.3 |  |  | (0.4) |  |  | 23.9 |  |  | 26.2 |  |  | (1.2) |  |  | 25.0 |
Net earnings (loss) attributable to Wolverine World Wide, Inc. | 23.6 |  |  | (0.4) |  |  | 23.2 |  |  | 23.3 |  |  | (1.2) |  |  | 22.1 |
Comprehensive income (loss) | 29.7 |  |  | (0.4) |  |  | 29.3 |  |  | 23.3 |  |  | (1.2) |  |  | 22.1 |
Comprehensive income (loss) attributable to Wolverine World Wide, Inc. | 29.4 |  |  | (0.4) |  |  | 29.0 |  |  | 21.4 |  |  | (1.2) |  |  | 20.2 |
Net earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.28 |  |  | $ | — |  |  | $ | 0.28 |  |  | $ | 0.28 |  |  | $ | (0.01) |  |  | $ | 0.27 |
Diluted | $ | 0.28 |  |  | $ | — |  |  | $ | 0.28 |  |  | $ | 0.28 |  |  | $ | (0.01) |  |  | $ | 0.27 |
| Quarter Ended June 28, 2025 |  | Year-To-Date Ended June 28, 2025
(In millions, except share data) | As Originally Reported |  | Effect of Change |  | As Adjusted |  | As Originally Reported |  | Effect of Change |  | As Adjusted
Consolidated Condensed Statement of Operations and Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | $ | 250.2 |  |  | $ | — |  |  | $ | 250.2 |  |  | $ | 467.7 |  |  | $ | (1.3) |  |  | $ | 466.4 |
Earnings (loss) before income taxes | 33.6 |  |  | — |  |  | 33.6 |  |  | 46.8 |  |  | 1.3 |  |  | 48.1 |
Income tax expense (benefit) | 4.6 |  |  | — |  |  | 4.6 |  |  | 5.6 |  |  | 0.3 |  |  | 5.9 |
Net earnings (loss) | 29.0 |  |  | — |  |  | 29.0 |  |  | 41.2 |  |  | 1.0 |  |  | 42.2 |
Net earnings (loss) attributable to Wolverine World Wide, Inc. | 26.8 |  |  | — |  |  | 26.8 |  |  | 37.9 |  |  | 1.0 |  |  | 38.9 |
Comprehensive income (loss) | 37.9 |  |  | — |  |  | 37.9 |  |  | 52.5 |  |  | 1.0 |  |  | 53.5 |
Comprehensive income (loss) attributable to Wolverine World Wide, Inc. | 35.1 |  |  | — |  |  | 35.1 |  |  | 48.7 |  |  | 1.0 |  |  | 49.7 |
Net earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.32 |  |  | $ | — |  |  | $ | 0.32 |  |  | $ | 0.45 |  |  | $ | 0.02 |  |  | $ | 0.47 |
Diluted | $ | 0.32 |  |  | $ | — |  |  | $ | 0.32 |  |  | $ | 0.45 |  |  | $ | 0.02 |  |  | $ | 0.47 |
| Quarter Ended June 29, 2024 |  | Year-To-Date Ended June 29, 2024
(In millions, except share data) | As Originally Reported |  | Effect of Change |  | As Adjusted |  | As Originally Reported |  | Effect of Change |  | As Adjusted
Consolidated Condensed Statement of Operations and Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | $ | 242.0 |  |  | $ | 0.5 |  |  | $ | 242.5 |  |  | $ | 455.5 |  |  | $ | 1.0 |  |  | $ | 456.5 |
Earnings (loss) before income taxes | 18.0 |  |  | (0.5) |  |  | 17.5 |  |  | 3.7 |  |  | (1.0) |  |  | 2.7 |
Income tax expense (benefit) | 2.4 |  |  | (0.1) |  |  | 2.3 |  |  | 1.8 |  |  | (0.2) |  |  | 1.6 |
Net earnings (loss) | 15.6 |  |  | (0.4) |  |  | 15.2 |  |  | 1.9 |  |  | (0.8) |  |  | 1.1 |
Net earnings (loss) attributable to Wolverine World Wide, Inc. | 14.2 |  |  | (0.4) |  |  | 13.8 |  |  | (0.3) |  |  | (0.8) |  |  | (1.1) |
Comprehensive income (loss) | 12.9 |  |  | (0.4) |  |  | 12.5 |  |  | (6.4) |  |  | (0.8) |  |  | (7.2) |
Comprehensive income (loss) attributable to Wolverine World Wide, Inc. | 12.2 |  |  | (0.4) |  |  | 11.8 |  |  | (8.0) |  |  | (0.8) |  |  | (8.8) |
Net earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.17 |  |  | $ | — |  |  | $ | 0.17 |  |  | $ | (0.01) |  |  | $ | (0.01) |  |  | $ | (0.02) |
Diluted | $ | 0.17 |  |  | $ | — |  |  | $ | 0.17 |  |  | $ | (0.01) |  |  | $ | (0.01) |  |  | $ | (0.02) |
| Quarter Ended March 29, 2025 |  | Quarter Ended March 30, 2024
(In millions, except share data) | As Originally Reported |  | Effect of Change |  | As Adjusted |  | As Originally Reported |  | Effect of Change |  | As Adjusted
Consolidated Condensed Statement of Operations and Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | $ | 217.5 |  |  | $ | (1.3) |  |  | $ | 216.2 |  |  | $ | 213.5 |  |  | $ | 0.5 |  |  | $ | 214.0 |
Earnings (loss) before income taxes | 13.2 |  |  | 1.3 |  |  | 14.5 |  |  | (14.3) |  |  | (0.5) |  |  | (14.8) |
Income tax expense (benefit) | 1.0 |  |  | 0.3 |  |  | 1.3 |  |  | (0.6) |  |  | (0.1) |  |  | (0.7) |
Net earnings (loss) | 12.2 |  |  | 1.0 |  |  | 13.2 |  |  | (13.7) |  |  | (0.4) |  |  | (14.1) |
Net earnings (loss) attributable to Wolverine World Wide, Inc. | 11.1 |  |  | 1.0 |  |  | 12.1 |  |  | (14.5) |  |  | (0.4) |  |  | (14.9) |
Comprehensive income (loss) | 14.6 |  |  | 1.0 |  |  | 15.6 |  |  | (19.3) |  |  | (0.4) |  |  | (19.7) |
Comprehensive income (loss) attributable to Wolverine World Wide, Inc. | 13.6 |  |  | 1.0 |  |  | 14.6 |  |  | (20.2) |  |  | (0.4) |  |  | (20.6) |
Net earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.13 |  |  | $ | 0.02 |  |  | $ | 0.15 |  |  | $ | (0.19) |  |  | $ | — |  |  | $ | (0.19) |
Diluted | $ | 0.13 |  |  | $ | 0.02 |  |  | $ | 0.15 |  |  | $ | (0.19) |  |  | $ | — |  |  | $ | (0.19) |
| September 27, 2025 |  | September 28, 2024
(In millions) | As Computed under LIFO |  | Effect of Change |  | As Reported |  | As Originally Reported |  | Effect of Change |  | As Adjusted
Consolidated Condensed Balance Sheets |  |  |  |  |  |  |  |  |  |  |
Finished products, net | $ | 280.1 |  |  | $ | 10.9 |  |  | $ | 291.0 |  |  | $ | 283.9 |  |  | $ | 9.2 |  |  | $ | 293.1 |
Deferred income taxes | 96.9 |  |  | (2.5) |  |  | 94.4 |  |  | 93.1 |  |  | (2.1) |  |  | 91.0 |
Retained earnings | 885.5 |  |  | 8.4 |  |  | 893.9 |  |  | 833.0 |  |  | 7.1 |  |  | 840.1 |
| December 28, 2024
(In millions) | As Originally Reported |  | Effect of Change |  | As Adjusted
Consolidated Condensed Balance Sheets |  |  |  |  |
Finished products, net | $ | 237.8 |  |  | $ | 7.2 |  |  | $ | 245.0 |
Deferred income taxes | 93.7 |  |  | (1.6) |  |  | 92.1 |
Retained earnings | 849.5 |  |  | 5.6 |  |  | 855.1 |
| Year-To-Date Ended September 27, 2025 | Year-To-Date Ended September 28, 2024
(In millions) | As Computed under LIFO |  | Effect of Change |  | As Reported | As Originally Reported |  | Effect of Change |  | As Adjusted
Consolidated Condensed Statement of Cash Flows |  |  |  |  |  |  |  |  |
Net earnings (loss) | $ | 65.7 |  |  | $ | 2.8 |  |  | $ | 68.5 |  | $ | 26.2 |  |  | $ | (1.2) |  |  | $ | 25.0 |
Deferred income taxes | (0.7) |  |  | 0.9 |  |  | 0.2 |  | 23.5 |  |  | (0.3) |  |  | 23.2 |
Inventories | (38.2) |  |  | (3.7) |  |  | (41.9) |  | 87.2 |  |  | 1.5 |  |  | 88.7 |

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- Definition Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.CC) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480091/360-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-2 + Details
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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9 + Details
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