Business Segments (Tables)

6 Months Ended

Jul. 02, 2022

Segment Reporting [Abstract]

Revenue and Operating Profit by Segment

The following is a summary of certain key financial measures for each reportable segment.

	Quarter Ended				Year-to-Date Ended
(In millions)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Revenue:
Wolverine Michigan Group	$	389.7	$	354.4	$	719.0	$	652.1
Wolverine Boston Group	253.9		258.0		466.2		458.9
Other	70.0		19.5		143.2		31.6
Total	$	713.6	$	631.9	$	1,328.4	$	1,142.6
Segment operating profit (loss):
Wolverine Michigan Group	$	82.3	$	75.5	$	147.4	$	134.7
Wolverine Boston Group	39.9		47.0		69.1		81.1
Other	(0.5)		1.2		(0.4)		1.5
Corporate	46.2		(59.9)		(28.6)		(95.4)
Operating profit	167.9		63.8		187.5		121.9
Interest expense, net	10.1		9.7		$	18.8	$	19.3
Other expense (income), net	0.6		0.1		$	(0.5)	$	2.9
Earnings before income taxes	$	157.2	$	54.0	$	169.2	$	99.7

Assets and Goodwill by Segment

(In millions)	July 2, 2022		January 1, 2022		July 3, 2021
Total assets:
Wolverine Michigan Group	$	922.2	$	651.9	$	702.4
Wolverine Boston Group	1,263.4		1,123.6		1,157.9
Other	561.4		606.2		43.4
Corporate	202.0		204.7		399.9
Total	$	2,949.0	$	2,586.4	$	2,303.6
Goodwill:
Wolverine Michigan Group	$	142.6	$	145.1	$	145.7
Wolverine Boston Group	294.2		296.2		297.9
Other	102.3		115.3		—
Total	$	539.1	$	556.6	$	443.6