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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Jul. 03, 2021
Jan. 02, 2021
Jun. 27, 2020
Current assets:      
Cash and cash equivalents $ 345.8 $ 347.4 $ 422.6
Accounts receivable, less allowances: July 3, 2021: $26.3; January 2, 2021 $33.5; June 27, 2020: $38.2 372.0 268.3 263.8
Inventories:      
Finished products, net 323.6 237.9 376.5
Raw materials and work-in-process, net 8.1 5.2 10.0
Total inventories 331.7 243.1 386.5
Prepaid expenses and other current assets 36.9 45.4 45.7
Total current assets 1,086.4 904.2 1,118.6
Noncurrent assets:      
Property plant and equipment net of accumulated depreciation: July 3, 2021: $207.2; January 2, 2021: $197.2; June 27, 2020: $192.8 120.2 124.6 134.9
Lease right-of-use assets, net 134.6 142.5 152.4
Goodwill 443.6 442.4 435.6
Indefinite-lived intangibles 382.3 382.3 604.5
Amortizable intangibles, net 70.6 73.0 75.1
Deferred Income Tax Assets, Net 2.0 3.2 2.4
Other assets 63.9 65.2 65.9
Total assets 2,303.6 2,137.4 2,589.4
Current liabilities:      
Accounts payable 279.2 185.0 154.9
Accrued salaries and wages 33.7 27.0 11.6
Other accrued liabilities 167.3 150.0 163.9
Lease liabilities 32.7 34.0 37.5
Current maturities of long-term debt 10.0 10.0 183.5
Borrowings under revolving credit agreements 0.0 0.0 125.0
Total current liabilities 522.9 406.0 676.4
Noncurrent liabilities:      
Long-term debt, less current maturities 708.4 712.5 715.9
Accrued pension liabilities 145.9 147.0 109.4
Deferred Income Tax Liabilities, Net 37.6 35.5 86.0
Operating Lease, Liability, Noncurrent 119.3 130.3 139.2
Other liabilities 120.4 133.1 126.6
Stockholders’ equity:      
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): July 3, 2021: 111,382,593 shares; January 2, 2021: 110,426,769 shares; June 27, 2020: 110,006,517 shares 111.4 110.4 110.0
Additional paid-in capital 278.4 252.6 227.1
Retained earnings 1,159.6 1,093.3 1,258.3
Accumulated other comprehensive loss (118.9) (130.6) (111.5)
Cost of shares in treasury: July 3, 2021: 29,166,422 shares; January 2, 2021: 28,285,274 shares; June 27, 2020: 28,146,537 shares (797.3) (764.3) (759.9)
Total Wolverine World Wide, Inc. stockholders’ equity 633.2 561.4 724.0
Noncontrolling interest 15.9 11.6 11.9
Total stockholders’ equity 649.1 573.0 735.9
Total liabilities and stockholders’ equity $ 2,303.6 $ 2,137.4 $ 2,589.4