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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 26, 2020
Dec. 28, 2019
Sep. 28, 2019
Current assets:      
Cash and cash equivalents $ 342.0 $ 180.6 $ 125.2
Accounts receivable, less allowances of $33.4, $26.7, and $24.0 332.1 331.2 357.3
Inventories:      
Finished products, net 318.1 342.0 410.0
Raw materials and work-in-process, net 7.6 6.2 7.7
Total inventories 325.7 348.2 417.7
Prepaid expenses and other current assets 42.2 107.1 48.4
Total current assets 1,042.0 967.1 948.6
Property, plant and equipment:      
Gross cost 326.6 325.0 399.1
Accumulated depreciation (200.3) (184.0) (256.1)
Property plant and equipment net 126.3 141.0 143.0
Lease right-of-use assets, net 148.3 160.8 163.9
Other assets:      
Goodwill 437.8 438.9 437.0
Indefinite-lived intangibles 604.5 604.5 604.5
Amortizable intangibles, net 74.0 77.8 79.6
Deferred Income Tax Assets, Net 1.8 2.9 3.2
Other 66.4 87.0 88.7
Total other assets 1,184.5 1,211.1 1,213.0
Total assets 2,501.1 2,480.0 2,468.5
Current liabilities:      
Accounts payable 191.8 202.1 155.6
Accrued salaries and wages 22.4 20.8 25.5
Other accrued liabilities 148.7 157.9 116.0
Operating Lease, Liability, Current 34.6 34.1 33.5
Current maturities of long-term debt 162.5 12.5 10.0
Borrowings under revolving credit agreements 0.0 360.0 493.3
Total current liabilities 560.0 787.4 833.9
Long-term debt, less current maturities 714.1 425.9 430.7
Accrued pension liabilities 109.2 109.7 92.3
Deferred Income Tax Liabilities, Net 85.0 99.0 112.0
Operating Lease, Liability, Noncurrent 135.0 147.2 151.0
Other liabilities 132.3 132.4 54.7
Wolverine World Wide, Inc. stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): September 26, 2020: 110,117,417 shares; December 28, 2019: 108,329,250 shares; September 28, 2019: 108,058,005 shares 110.1 108.3 108.1
Additional paid-in capital 239.8 233.4 221.3
Retained earnings 1,272.4 1,263.3 1,273.2
Accumulated other comprehensive loss (108.2) (102.1) (88.6)
Cost of shares in treasury: September 26, 2020: 28,148,131 shares; December 28, 2019: 27,181,512 shares; September 28, 2019: 26,992,711 shares (760.0) (736.2) (731.1)
Total Wolverine World Wide, Inc. stockholders’ equity 754.1 766.7 782.9
Noncontrolling interest 11.4 11.7 11.0
Total stockholders’ equity 765.5 778.4 793.9
Total liabilities and stockholders’ equity $ 2,501.1 $ 2,480.0 $ 2,468.5