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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Jan. 01, 2022
Current assets:    
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents $ 131.5 $ 161.7
Accounts receivable, less allowances of $11.1 and $28.3 241.7 319.6
Inventory, Net, Combining Work in Process and Raw Materials Alternative [Abstract]    
Finished products, net 743.2 354.1
Raw materials and work-in-process, net 2.0 11.4
Total inventories 745.2 365.5
Prepaid expenses and other current assets 79.0 56.9
Disposal Group, Including Discontinued Operation, Assets, Current 67.9 0.0
Total current assets 1,265.3 903.7
Property, plant and equipment, net of accumulated depreciation of $236.1 and $219.1    
Property, plant and equipment, net 136.2 129.0
Lease right-of-use assets 174.7 138.2
Other Assets [Abstract]    
Goodwill 485.0 556.6
Indefinite-lived intangibles 274.0 718.1
Amortizable intangibles, net 67.4 74.6
Deferred Income Tax Assets, Net 24.5 1.8
Other assets 65.6 64.4
Total assets 2,492.7 2,586.4
Current liabilities:    
Accounts payable 272.2 222.1
Accrued salaries and wages 32.3 41.7
Other accrued liabilities 322.9 222.5
Lease liabilities 39.1 38.3
Current maturities of long-term debt 10.0 10.0
Borrowings under revolving credit agreements 425.0 225.0
Disposal Group, Including Discontinued Operation, Liabilities, Current 8.8 0.0
Total current liabilities 1,110.3 759.6
Current maturities of long-term debt 723.0 731.8
Accrued pension liabilities 72.9 107.4
Deferred income taxes 35.3 118.9
Lease liabilities, noncurrent 153.6 118.2
Other liabilities 58.6 106.1
Stockholders’ equity    
Common stock – par value $1, authorized 320,000,000 shares; 112,202,078, and 111,632,094 shares issued 112.2 111.6
Additional paid-in capital 325.4 298.9
Retained earnings 907.2 1,128.2
Accumulated other comprehensive loss (132.9) (98.9)
Cost of shares in treasury; 33,413,204, and 29,604,013 shares (891.3) (810.2)
Total Wolverine World Wide, Inc. stockholders’ equity 320.6 629.6
Noncontrolling interest 18.4 14.8
Total stockholders’ equity 339.0 644.4
Total liabilities and stockholders’ equity $ 2,492.7 $ 2,586.4