XML 20 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Income Statement [Abstract]      
Revenue $ 2,684.8 $ 2,414.9 $ 1,791.1
Cost of goods sold 1,614.4 1,385.0 1,055.5
Gross profit 1,070.4 1,029.9 735.6
Selling, general and administrative expenses 906.4 817.8 639.4
Gain on sale of trademarks (90.0) 0.0 0.0
Impairment of goodwill and intangible assets 428.7 0.0 222.2
Environmental and other related costs, net of recoveries 33.7 56.4 11.1
Operating profit (loss) (208.4) 155.7 (137.1)
Other expenses:      
Interest expense, net 47.3 37.4 43.6
Debt extinguishment and other costs 0.0 34.3 5.5
Other expense (income), net (2.8) 3.7 (2.1)
Total other expenses 44.5 75.4 47.0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (252.9) 80.3 (184.1)
Income tax expense (benefit) (63.8) 13.3 (45.5)
Net earnings (loss) (189.1) 67.0 (138.6)
Less: net loss attributable to noncontrolling interests (0.8) (1.6) (1.7)
Net earnings (loss) attributable to Wolverine World Wide, Inc. $ (188.3) $ 68.6 $ (136.9)
Net earnings per share :      
Earnings per share - Basic $ (2.37) $ 0.82 $ (1.70)
Earnings per share - Diluted $ (2.37) $ 0.81 $ (1.70)