XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Condensed Statements of Operations and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jul. 03, 2021
Jun. 27, 2020
Income Statement [Abstract]        
Revenue $ 631.9 $ 349.1 $ 1,142.6 $ 788.4
Cost of goods sold 361.5 201.9 649.9 459.4
Gross profit 270.4 147.2 492.7 329.0
Selling, general and administrative expenses 201.8 143.6 376.2 299.7
Environmental and other related costs, net of recoveries 4.8 (3.9) (5.4) 4.9
Operating profit 63.8 7.5 121.9 24.4
Other expenses:        
Interest expense, net 9.7 10.5 19.3 18.3
Debt extinguishment and other costs 0.0 0.2 0.0 0.2
Other expense (income), net 0.1 (1.7) 2.9 (2.3)
Total other expenses 9.8 9.0 22.2 16.2
Earnings (loss) before income taxes 54.0 (1.5) 99.7 8.2
Income tax expense (benefit) 9.6 0.4 16.9 (2.7)
Net earnings (loss) 44.4 (1.9) 82.8 10.9
Less: net loss attributable to noncontrolling interests (0.3) (0.3) (0.4) (0.5)
Net earnings (loss) attributable to Wolverine World Wide, Inc. $ 44.7 $ (1.6) $ 83.2 $ 11.4
Net earnings (loss) per share (see Note 3):        
Basic $ 0.53 $ (0.02) $ 0.99 $ 0.14
Diluted $ 0.53 $ (0.02) $ 0.98 $ 0.14
Comprehensive income (loss) $ 49.8 $ (1.8) $ 94.4 $ 0.4
Less: comprehensive loss attributable to noncontrolling interests (0.1) (0.2) (0.5) (1.6)
Comprehensive income (loss) attributable to Wolverine World Wide, Inc. $ 49.9 $ (1.6) $ 94.9 $ 2.0
Cash dividends declared per share $ 0.10 $ 0.10 $ 0.20 $ 0.20