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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 28, 2019
Dec. 29, 2018
Sep. 29, 2018
Current assets:      
Cash and cash equivalents $ 125.2 $ 143.1 $ 228.1
Accounts receivable, less allowances: September 28, 2019: $24.0; December 29, 2018: $26.6; September 29, 2018: $29.7 357.3 361.2 364.0
Inventories:      
Finished products, net 410.0 301.4 309.2
Raw materials and work-in-process, net 7.7 16.2 15.2
Total inventories 417.7 317.6 324.4
Prepaid expenses and other current assets 48.4 45.8 32.2
Total current assets 948.6 867.7 948.7
Property, plant and equipment:      
Gross cost 399.1 381.8 393.7
Accumulated depreciation (256.1) (250.9) (262.3)
Property plant and equipment net 143.0 130.9 131.4
Lease right-of-use assets, net 163.9 0.0 0.0
Other assets:      
Goodwill 437.0 424.4 427.5
Indefinite-lived intangibles 604.5 604.5 604.5
Amortizable intangibles, net 79.6 71.9 73.1
Deferred income taxes 3.2 3.1 4.0
Other 88.7 80.6 79.9
Total other assets 1,213.0 1,184.5 1,189.0
Total assets 2,468.5 2,183.1 2,269.1
Current liabilities:      
Accounts payable 155.6 202.3 139.5
Accrued salaries and wages 25.5 31.9 32.2
Other accrued liabilities 116.0 106.4 124.4
Operating Lease, Liability, Current 33.5 0.0 0.0
Current maturities of long-term debt 10.0 7.5 60.0
Borrowings under revolving credit agreements and other short-term notes 493.3 125.0 1.5
Total current liabilities 833.9 473.1 357.6
Long-term debt, less current maturities 430.7 438.0 601.0
Accrued pension liabilities 92.3 92.0 81.2
Deferred income taxes 112.0 107.9 99.4
Operating Lease, Liability, Noncurrent 151.0 0.0 0.0
Other liabilities 54.7 80.5 67.6
Wolverine World Wide, Inc. stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): September 28, 2019: 108,058,005 shares; December 29, 2018: 107,609,206 shares; September 29, 2018: 107,587,377 shares 108.1 107.6 107.6
Additional paid-in capital 221.3 201.4 190.6
Retained earnings 1,273.2 1,169.7 1,138.3
Accumulated other comprehensive loss (88.6) (88.3) (81.2)
Cost of shares in treasury: September 28, 2019: 26,992,711 shares; December 29, 2018: 15,905,681 shares; September 29, 2018: 12,746,435 shares (731.1) (404.4) (299.0)
Total Wolverine World Wide, Inc. stockholders’ equity 782.9 986.0 1,056.3
Noncontrolling interest 11.0 5.6 6.0
Total stockholders’ equity 793.9 991.6 1,062.3
Total liabilities and stockholders’ equity $ 2,468.5 $ 2,183.1 $ 2,269.1