XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Condensed Statements of Operations and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Income Statement [Abstract]        
Revenue $ 713.6 $ 631.9 $ 1,328.4 $ 1,142.6
Cost of goods sold 406.5 361.5 760.0 649.9
Gross profit 307.1 270.4 568.4 492.7
Selling, general and administrative expenses 229.2 201.8 440.5 376.2
Gain on sale of trademarks (90.0) 0.0 (90.0) 0.0
Environmental and other related costs, net of recoveries 0.0 4.8 30.4 (5.4)
Operating profit 167.9 63.8 187.5 121.9
Other expenses:        
Interest expense, net 10.1 9.7 18.8 19.3
Other expense (income), net 0.6 0.1 (0.5) 2.9
Total other expenses 10.7 9.8 18.3 22.2
Earnings before income taxes 157.2 54.0 169.2 99.7
Income tax expense 32.7 9.6 36.3 16.9
Net earnings 124.5 44.4 132.9 82.8
Less: net loss attributable to noncontrolling interests (0.1) (0.3) (1.4) (0.4)
Net earnings attributable to Wolverine World Wide, Inc. $ 124.6 $ 44.7 $ 134.3 $ 83.2
Net earnings per share (see Note 3):        
Basic $ 1.53 $ 0.53 $ 1.63 $ 0.99
Diluted $ 1.53 $ 0.53 $ 1.63 $ 0.98
Comprehensive income $ 91.3 $ 49.8 $ 96.6 $ 94.4
Less: comprehensive loss attributable to noncontrolling interests (0.7) (0.1) (1.8) (0.5)
Comprehensive income attributable to Wolverine World Wide, Inc. $ 92.0 $ 49.9 $ 98.4 $ 94.9
Cash dividends declared per share $ 0.10 $ 0.10 $ 0.20 $ 0.20