XML 49 R3.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Jun. 20, 2015
Jan. 03, 2015
Jun. 14, 2014
Current assets:      
Cash and cash equivalents $ 220.7 $ 223.8 $ 232.4
Accounts receivable, less allowances: June 20, 2015 – $41.3; January 3, 2015 – $41.0; June 14, 2014 – $35.7 355.3 312.7 434.3
Inventories:      
Finished products, net 439.2 398.1 439.6
Raw materials and work-in-process, net 13.0 15.9 20.2
Total inventories 452.2 414.0 459.8
Deferred income taxes 28.2 28.1 28.5
Prepaid expenses and other current assets 51.6 63.6 38.0
Total current assets 1,108.0 1,042.2 1,193.0
Property, plant and equipment:      
Gross cost 429.3 415.3 417.8
Accumulated depreciation (292.0) (278.5) (271.8)
Property plant and equipment net 137.3 136.8 146.0
Other assets:      
Goodwill 436.5 438.8 444.8
Indefinite-lived intangibles 687.9 690.5 690.5
Amortizable intangibles, net 105.3 112.1 120.2
Deferred income taxes 2.9 2.8 3.4
Deferred financing costs, net 14.5 16.5 20.0
Other 62.2 64.8 63.3
Total other assets 1,309.3 1,325.5 1,342.2
Total assets 2,554.6 2,504.5 2,681.2
Current liabilities:      
Accounts payable 202.1 149.4 165.9
Accrued salaries and wages 26.8 36.1 31.5
Other accrued liabilities 116.9 108.5 89.3
Current maturities of long-term debt 45.2 46.7 48.4
Total current liabilities 391.0 340.7 335.1
Long-term debt, less current maturities 787.9 854.1 1,082.9
Accrued pension liabilities 130.3 128.1 74.3
Deferred income taxes 219.3 217.0 254.9
Other liabilities 27.3 26.6 26.1
Wolverine World Wide, Inc. stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): June 20, 2015 - 103,987,155 shares; January 3, 2015 - 102,253,150 shares; June 14, 2014 - 101,895,474 shares 104.0 102.3 101.9
Additional paid-in capital 65.6 40.1 23.3
Retained earnings 905.5 852.2 796.0
Accumulated other comprehensive loss (55.9) (49.5) (6.3)
Cost of shares in treasury: June 20, 2015 - 861,374; January 3, 2015 - 416,812 shares; June 14, 2014 - 393,288 (24.5) (11.6) (11.0)
Total Wolverine World Wide, Inc. stockholders’ equity 994.7 933.5 903.9
Noncontrolling interest 4.1 4.5 4.0
Total stockholders’ equity 998.8 938.0 907.9
Total liabilities and stockholders’ equity $ 2,554.6 $ 2,504.5 $ 2,681.2