XML 67 R64.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsidiary Guarantors of the Public Bonds (Consolidated Condensed Balance Sheets) (Details) (USD $)
In Millions, unless otherwise specified
Sep. 06, 2014
Dec. 28, 2013
Sep. 07, 2013
Dec. 29, 2012
Current assets:        
Cash and cash equivalents $ 231.5 $ 214.2 $ 147.8 $ 171.4
Accounts receivable, net 483.9 398.1 478.9  
Inventories:        
Finished products, net 446.7 406.0 432.9  
Raw materials and work-in-process, net 19.6 22.2 29.7  
Total inventories 466.3 428.2 462.6  
Deferred income taxes 27.2 29.1 26.7  
Prepaid expenses and other current assets 40.1 48.4 34.1  
Total current assets 1,249.0 1,118.0 1,150.1  
Property, plant and equipment:        
Gross cost 425.8 416.1 411.2  
Accumulated depreciation (284.3) (264.2) (255.9)  
Property plant and equipment net 141.5 151.9 155.3  
Other assets:        
Goodwill 443.9 445.3 445.8 459.9
Indefinite-lived intangibles 690.5 690.5 692.7 679.8
Amortizable intangibles, net 116.8 126.7 130.5  
Deferred income taxes 3.3 3.4 0.4  
Deferred financing costs, net 19.1 22.0 34.3  
Other 63.6 64.4 61.1  
Total other assets 1,337.2 1,352.3 1,364.8  
Total assets 2,727.7 2,622.2 2,670.2  
Current liabilities:        
Accounts payable 162.3 135.2 182.8  
Accrued salaries and wages 36.3 41.5 40.8  
Other accrued liabilities 112.0 99.3 111.3  
Current maturities of long-term debt 51.6 53.3 40.2  
Total current liabilities 362.2 329.3 375.1  
Long-term debt, less current maturities 1,045.0 1,096.7 1,101.9  
Accrued pension liabilities 74.0 74.2 167.4  
Deferred income taxes 253.8 253.9 236.1  
Other liabilities 26.5 26.7 21.7  
Stockholders’ equity        
Wolverine World Wide, Inc. stockholders’ equity 962.1 837.6 766.5  
Non-controlling interest 4.1 3.8 1.5  
Total stockholders’ equity 966.2 841.4 768.0  
Total liabilities and stockholders’ equity 2,727.7 2,622.2 2,670.2  
Parent [Member]
       
Current assets:        
Cash and cash equivalents 28.5 18.8 (3.4) 21.3
Accounts receivable, net 43.6 63.9 101.8  
Inventories:        
Finished products, net 70.1 55.0 64.7  
Raw materials and work-in-process, net 2.5 (0.1) 0.8  
Total inventories 72.6 54.9 65.5  
Deferred income taxes 15.2 15.3 9.4  
Prepaid expenses and other current assets 60.3 26.9 17.6  
Total current assets 220.2 179.8 190.9  
Property, plant and equipment:        
Gross cost 228.4 223.7 220.5  
Accumulated depreciation (179.6) (174.4) (170.2)  
Property plant and equipment net 48.8 49.3 50.3  
Other assets:        
Goodwill 7.8 7.7 7.6  
Indefinite-lived intangibles 4.2 4.4 4.1  
Amortizable intangibles, net 0.4 0.2 0.4  
Deferred income taxes       0.2  
Deferred financing costs, net 19.1 22.0 34.3  
Other 49.9 46.0 45.4  
Intercompany accounts receivable       0  
Investment in affiliates 3,209.9 3,033.2 2,701.9  
Total other assets 3,291.3 3,113.5 2,793.9  
Total assets 3,560.3 3,342.6 3,035.1  
Current liabilities:        
Accounts payable 39.7 31.6 44.5  
Accrued salaries and wages 19.2 27.0 22.0  
Other accrued liabilities 37.8 40.8 59.9  
Current maturities of long-term debt 51.6 53.3 40.2  
Total current liabilities 148.3 152.7 166.6  
Long-term debt, less current maturities 1,044.3 1,096.7 1,101.9  
Accrued pension liabilities 64.0 60.9 131.8  
Deferred income taxes (37.9) (38.2) (49.7)  
Other liabilities 13.0 12.4 9.5  
Intercompany accounts payable 1,366.5 1,220.5 908.5  
Stockholders’ equity        
Wolverine World Wide, Inc. stockholders’ equity 962.1 837.6 766.5  
Non-controlling interest      0  
Total stockholders’ equity 962.1 837.6 766.5  
Total liabilities and stockholders’ equity 3,560.3 3,342.6 3,035.1  
Subsidiary Guarantors [Member]
       
Current assets:        
Cash and cash equivalents 3.9 15.0 13.1 48.5
Accounts receivable, net 285.8 213.2 230.1  
Inventories:        
Finished products, net 287.1 270.8 279.3  
Raw materials and work-in-process, net 1.1 0.9 0.6  
Total inventories 288.2 271.7 279.9  
Deferred income taxes 12.6 12.6 16.9  
Prepaid expenses and other current assets (34.3) 11.1 3.8  
Total current assets 556.2 523.6 543.8  
Property, plant and equipment:        
Gross cost 156.9 143.2 136.5  
Accumulated depreciation (77.5) (57.4) (49.0)  
Property plant and equipment net 79.4 85.8 87.5  
Other assets:        
Goodwill 353.1 354.3 354.7  
Indefinite-lived intangibles 674.9 674.7 677.3  
Amortizable intangibles, net 116.3 126.4 129.9  
Deferred income taxes           
Deferred financing costs, net           
Other 11.5 12.3 9.4  
Intercompany accounts receivable 1,947.9 1,445.4 1,209.2  
Investment in affiliates 680.8 555.6 566.3  
Total other assets 3,784.5 3,168.7 2,946.8  
Total assets 4,420.1 3,778.1 3,578.1  
Current liabilities:        
Accounts payable 74.5 61.7 90.2  
Accrued salaries and wages 8.0 8.6 11.2  
Other accrued liabilities 33.1 22.1 8.5  
Current maturities of long-term debt          
Total current liabilities 115.6 92.4 109.9  
Long-term debt, less current maturities 0.7        
Accrued pension liabilities 10.0 13.3 35.6  
Deferred income taxes 287.5 287.7 284.1  
Other liabilities 10.5 11.5 9.2  
Intercompany accounts payable 555.3 153.7 80.9  
Stockholders’ equity        
Wolverine World Wide, Inc. stockholders’ equity 3,440.5 3,219.5 3,058.4  
Non-controlling interest      0  
Total stockholders’ equity 3,440.5 3,219.5 3,058.4  
Total liabilities and stockholders’ equity 4,420.1 3,778.1 3,578.1  
Non-Guarantor Subsidiaries [Member]
       
Current assets:        
Cash and cash equivalents 199.1 180.4 138.1 101.6
Accounts receivable, net 154.5 121.0 147.0  
Inventories:        
Finished products, net 89.5 81.0 90.3  
Raw materials and work-in-process, net 16.0 21.4 28.3  
Total inventories 105.5 102.4 118.6  
Deferred income taxes (0.6) 1.2 0.4  
Prepaid expenses and other current assets 14.1 10.4 12.1  
Total current assets 472.6 415.4 416.2  
Property, plant and equipment:        
Gross cost 40.5 49.2 54.2  
Accumulated depreciation (27.2) (32.4) (36.7)  
Property plant and equipment net 13.3 16.8 17.5  
Other assets:        
Goodwill 83.0 83.3 83.5  
Indefinite-lived intangibles 11.4 11.4 11.3  
Amortizable intangibles, net 0.1 0.1 0.2  
Deferred income taxes 3.3 3.4 0.2  
Deferred financing costs, net           
Other 2.2 5.3 4.0  
Intercompany accounts receivable 651.0 347.5 132.8  
Investment in affiliates 1,249.4 393.5 379.0  
Total other assets 2,000.4 844.5 611.0  
Total assets 2,486.3 1,276.7 1,044.7  
Current liabilities:        
Accounts payable 48.1 41.9 48.1  
Accrued salaries and wages 9.1 5.9 7.6  
Other accrued liabilities 41.1 36.4 41.4  
Current maturities of long-term debt          
Total current liabilities 98.3 84.2 97.1  
Long-term debt, less current maturities           
Accrued pension liabilities           
Deferred income taxes 4.2 4.4 1.7  
Other liabilities 3.0 2.8 3.0  
Intercompany accounts payable 677.1 418.7 352.6  
Stockholders’ equity        
Wolverine World Wide, Inc. stockholders’ equity 1,699.6 762.8 588.8  
Non-controlling interest 4.1 3.8 1.5  
Total stockholders’ equity 1,703.7 766.6 590.3  
Total liabilities and stockholders’ equity 2,486.3 1,276.7 1,044.7  
Eliminations [Member]
       
Current assets:        
Cash and cash equivalents 0 0 0 0
Inventories:        
Finished products, net   (0.8) (1.4)  
Total inventories   (0.8) (1.4)  
Prepaid expenses and other current assets     0.6  
Total current assets   (0.8) (0.8)  
Other assets:        
Other   0.8 2.3  
Intercompany accounts receivable (2,598.9) (1,792.9) (1,342.0)  
Investment in affiliates (5,140.1) (3,982.3) (3,647.2)  
Total other assets (7,739.0) (5,774.4) (4,986.9)  
Total assets (7,739.0) (5,775.2) (4,987.7)  
Current liabilities:        
Other accrued liabilities     1.5  
Total current liabilities     1.5  
Intercompany accounts payable (2,598.9) (1,792.9) (1,342.0)  
Stockholders’ equity        
Wolverine World Wide, Inc. stockholders’ equity (5,140.1) (3,982.3) (3,647.2)  
Total stockholders’ equity (5,140.1) (3,982.3) (3,647.2)  
Total liabilities and stockholders’ equity $ (7,739.0) $ (5,775.2) $ (4,987.7)