Wolverine World Wide (WWW) 10-Q 27 Jul 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 18, 2016	Jul. 15, 2016
Document Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 18, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Registrant Name	WOLVERINE WORLD WIDE INC /DE/
Entity Central Index Key	110,471
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		99,444,918

Consolidated Condensed Statemen

Consolidated Condensed Statements of Operations and Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015	Jun. 18, 2016	Jun. 20, 2015
Income Statement [Abstract]
Revenue	$ 583.7	$ 630.1	$ 1,161.3	$ 1,261.5
Cost of goods sold	357.1	383.7	702	753.7
Restructuring costs	0	0	3.9	0
Gross profit	226.6	246.4	455.4	507.8
Selling, general and administrative expenses	183	195.1	367.1	393.9
Restructuring and impairment costs	1.8	3.7	12.5	2.7
Operating profit	41.8	47.6	75.8	111.2
Other expenses:
Interest expense, net	7.8	9	16.3	18.5
Other expense, net	1.1	1.8	1	0.8
Total other expenses	8.9	10.8	17.3	19.3
Earnings before income taxes	32.9	36.8	58.5	91.9
Income tax expense	8.8	11.6	16.8	26.6
Net earnings	24.1	25.2	41.7	65.3
Less: net earnings (loss) attributable to noncontrolling interest	0.1	(0.1)	0.3	(0.1)
Net earnings attributable to Wolverine World Wide, Inc.	$ 24	$ 25.3	$ 41.4	$ 65.4
Net earnings per share (see Note 3):
Basic	$ 0.25	$ 0.25	$ 0.42	$ 0.65
Diluted	$ 0.24	$ 0.24	$ 0.42	$ 0.63
Comprehensive income	$ 24.2	$ 28.4	$ 40.1	$ 58.6
Less: comprehensive loss attributable to noncontrolling interest	0	(0.2)	(0.1)	(0.4)
Comprehensive income attributable to Wolverine World Wide, Inc.	$ 24.2	$ 28.6	$ 40.2	$ 59
Cash dividends declared per share	$ 0.06	$ 0.06	$ 0.12	$ 0.12

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Jun. 18, 2016	Jan. 02, 2016	Jun. 20, 2015
Current assets:
Cash and cash equivalents	$ 221.7	$ 194.1	$ 220.7
Accounts receivable, less allowances: June 18, 2016 – $43.9; January 2, 2016 – $44.4; June 20, 2015 – $41.3	312.6	298.9	355.3
Inventories:
Finished products, net	421.8	448	439.2
Raw materials and work-in-process, net	17.5	18.6	13
Total inventories	439.3	466.6	452.2
Deferred income taxes	0	0	28.2
Prepaid expenses and other current assets	46.9	54.2	51.6
Total current assets	1,020.5	1,013.8	1,108
Property, plant and equipment:
Gross cost	454.6	431.5	429.3
Accumulated depreciation	(305.3)	(299.9)	(292)
Property plant and equipment net	149.3	131.6	137.3
Other assets:
Goodwill	431.9	429.1	436.5
Indefinite-lived intangibles	685.4	685.4	687.9
Amortizable intangibles, net	90.5	97.3	105.3
Deferred income taxes	4.1	3.7	2.9
Other	71.8	73.5	65.1
Total other assets	1,283.7	1,289	1,297.7
Total assets	2,453.5	2,434.4	2,543
Current liabilities:
Accounts payable	172.9	199.7	202.1
Accrued salaries and wages	26.5	28.5	26.8
Other accrued liabilities	111.9	108.2	116.9
Current maturities of long-term debt	19.7	16.9	45.2
Total current liabilities	331	353.3	391
Long-term debt, less current maturities	788.3	792.9	776.3
Accrued pension liabilities	110.9	109.6	130.3
Deferred income taxes	175	178.6	219.3
Other liabilities	46.3	30.3	27.3
Wolverine World Wide, Inc. stockholders’ equity:
Common Stock - par value $1, authorized 320,000,000 shares; shares issued (including shares in treasury): June 18, 2016 - 105,468,293 shares; January 2, 2016 - 103,915,928 shares; June 20, 2015 - 103,987,155 shares	105.5	103.9	104
Additional paid-in capital	86.5	75.9	65.6
Retained earnings	980.5	950.8	905.5
Accumulated other comprehensive loss	(57.3)	(56.1)	(55.9)
Cost of shares in treasury: June 18, 2016 - 6,016,471; January 2, 2016 - 5,457,726 shares; June 20, 2015 - 861,374	(120.4)	(110.8)	(24.5)
Total Wolverine World Wide, Inc. stockholders’ equity	994.8	963.7	994.7
Noncontrolling interest	7.2	6	4.1
Total stockholders’ equity	1,002	969.7	998.8
Total liabilities and stockholders’ equity	$ 2,453.5	$ 2,434.4	$ 2,543

Consolidated Condensed Balance4

Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 18, 2016	Jan. 02, 2016	Jun. 20, 2015
Statement of Financial Position [Abstract]
Accounts receivable allowance	$ 43.9	$ 44.4	$ 41.3
Common stock, par value	$ 1	$ 1	$ 1
Common stock, shares authorized	320,000,000	320,000,000	320,000,000
Common stock, shares issued (including shares in treasury)	105,468,293	103,915,928	103,987,155
Treasury shares	6,016,471	5,457,726	861,374

Consolidated Condensed Stateme5

Consolidated Condensed Statements of Cash Flow - USD ($) $ in Millions	6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015
OPERATING ACTIVITIES
Net earnings	$ 41.7	$ 65.3
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	20.3	21.7
Deferred income taxes	(1.6)	(0.1)
Stock-based compensation expense	11.5	14.1
Excess tax benefits from stock-based compensation	(0.1)	(3.8)
Pension contribution	(0.2)	0
Pension and SERP expense	4.8	12.9
Restructuring and impairment costs	16.4	2.7
Cash payments related to restructuring costs	(9.3)	(4.6)
Other	(6.8)	(2.3)
Changes in operating assets and liabilities:
Accounts receivable	(12.9)	(44.4)
Inventories	27.2	(42.2)
Other operating assets	5.8	16.7
Accounts payable	(30)	53.3
Other operating liabilities	6	5.6
Net cash provided by operating activities	72.8	94.9
INVESTING ACTIVITIES
Additions to property, plant and equipment	(28.2)	(15.8)
Investment in joint venture	(0.5)	0
Other	2.7	3.2
Net cash used in investing activities	(26)	(12.6)
FINANCING ACTIVITIES
Payments on long-term debt	(2.8)	(67.7)
Cash dividends paid	(11.8)	(12.3)
Purchase of common stock for treasury	(6)	(5.9)
Purchases of shares under employee stock plans	(4.3)	(7.5)
Proceeds from the exercise of stock options	2.2	8.5
Excess tax benefits from stock-based compensation	0.1	3.8
Contributions from noncontrolling interests	1.3	0
Net cash used in financing activities	(21.3)	(81.1)
Effect of foreign exchange rate changes	2.1	(4.3)
Increase (decrease) in cash and cash equivalents	27.6	(3.1)
Cash and cash equivalents at beginning of the year	194.1	223.8
Cash and cash equivalents at end of the period	$ 221.7	$ 220.7

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 18, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Wolverine World Wide, Inc. (the “Company”) is a leading global designer, manufacturer and marketer of footwear, apparel and accessories. The Company’s portfolio of owned and licensed brands includes: Bates ® , Cat ® , Chaco ® , Harley-Davidson ® , Hush Puppies ® , HyTest ® , Keds ® , Merrell ® , Saucony ® , Sebago ® , Sperry ® , Stride Rite ® and Wolverine ® . Third-party distributors, licensees and joint ventures extend the global reach of the Company’s brand portfolio. The Company also operates a consumer-direct division that markets both its own brands and branded footwear and apparel from other manufacturers, as well as a leathers division that markets Wolverine Performance Leathers™ . Basis of Presentation The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to the Quarterly Report on Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for a complete presentation of the financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included in the accompanying financial statements. For further information, refer to the consolidated financial statements and footnotes included in the Company’s 2015 Form 10-K. Revenue Recognition Revenue is recognized on the sale of products manufactured or sourced by the Company when the related goods have been shipped, legal title has passed to the customer and collectability is reasonably assured. Revenue generated through licensees and distributors involving products bearing the Company’s trademarks is recognized as earned according to stated contractual terms upon either the purchase or shipment of branded products by licensees and distributors. Retail store revenue is recognized at time of sale. The Company records provisions for estimated sales returns and allowances at the time of sale based on historical rates of returns and allowances and specific identification of outstanding returns not yet received from customers. However, estimates of actual returns and allowances in any future period are inherently uncertain and actual returns and allowances may differ from these estimates. If actual or expected future returns and allowances were significantly greater or less than established reserves, a reduction or increase to net revenues would be recorded in the period this determination was made. Cost of Goods Sold Cost of goods sold includes the actual product costs, including inbound freight charges and certain outbound freight charges, purchasing, sourcing, inspection and receiving costs. Warehousing costs are included in selling, general and administrative expenses. Seasonality The Company’s business is subject to seasonal influences and the Company’s fiscal year has 12 weeks in each of the first three fiscal quarters and, depending on the fiscal calendar, 16 or 17 weeks in the fourth fiscal quarter. Both of these factors can cause significant differences in revenue, earnings and cash flows from quarter to quarter; however, the differences have followed a consistent pattern in recent years.

New Accounting Standards

New Accounting Standards	6 Months Ended
	Jun. 18, 2016
Accounting Policies [Abstract]
New Accounting Standards	NEW ACCOUNTING STANDARDS The Financial Accounting Standards Board (“FASB”) issued the following Accounting Standards Updates (“ASU”) that have been adopted by the Company during fiscal 2016. The following is a summary of the effect of adoption of these new standards. Standard Description Effect on the Financial Statements or Other Significant Matters ASU 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period Requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Did not have, nor does the Company believe it will have, a material impact on its existing stock-based compensation plans. ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern Requires that an entity’s management evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. Did not have a significant impact on its quarterly reporting process. ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs and ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements Requires that debt issuance costs be presented in the balance sheet as a deduction from the carrying amount of the debt. Allows an entity to present debt issuance costs associated with a revolving line of credit arrangement as an asset, regardless of whether a balance is outstanding. Does not affect the recognition and measurement guidance for debt issuance costs. Resulted in the reclassification of $10.2 million and $11.6 million of deferred financing costs associated with the Company’s long-term debt from deferred financing costs to long-term debt as of January 2, 2016 and June 20, 2015, respectively. In accordance with ASU 2015-15, the Company elected to continue to present its debt issuance costs related to its revolving line of credit as an asset. Due to the adoption of this standard, these deferred financing costs are included in other noncurrent assets. The prior period disclosures have been restated to conform to the current year presentation. The new standards did not affect the Company’s results of operations or cash flows. The FASB has issued the following ASUs that have not yet been adopted by the Company. The following is a summary of the planned adoption period and anticipated impact of adopting these new standards. Standard Description Planned Period of Adoption Effect on the Financial Statements or Other Significant Matters ASU 2014-09, Revenue from Contracts with Customers (as amended by ASUs 2015-04, 2016-08, 2016-10 and 2016-12) The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also amends the required disclosures of the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Q1 2018 The Company is evaluating the impacts of the new standards on its existing revenue recognition policies and procedures. ASU 2015-11, Simplifying the Measurement of Inventory Requires that an entity measure inventory at the lower of cost and net realizable value. This ASU does not apply to inventory measured using last-in, first-out. Q1 2017 The Company does not expect the new standard to have a significant impact on its consolidated financial position, results of operations or cash flows. ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities Enhances the reporting model for financial instruments to provide users of financial statements with more decision-useful information. This ASU addresses certain aspects of recognition, measurement, presentation and disclosure of financial statements. Q1 2018 The Company is evaluating the impacts of the new standard on its consolidated financial statements. Standard Description Planned Period of Adoption Effect on the Financial Statements or Other Significant Matters ASU 2016-02, Leases The core principle is that a lessee shall recognize a lease asset and lease liability in its statement of financial position. A lessee should recognize a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. Q1 2019 The Company is evaluating the impacts of the new standard on its existing leases. ASU 2016-05, Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships Clarifies that the novation of a derivative contract (i.e., a change in the counterparty) in a hedge accounting relationship does not, in and of itself, require dedesignation of that hedge accounting relationship, provided that all other hedge accounting criteria continue to be met. Q1 2017 The Company is evaluating the impacts of the new standard on its accounting for derivatives. ASU 2016-09, Improvements to Employee Share-Based Payment Accounting Seeks to provide simplification to issues of share-based payment awards in relation to income tax consequences, forfeitures, classification of awards as either equity or liabilities and classification on the statement of cash flows. Q1 2017 The Company is evaluating the impacts of the new standard on its share-based payment accounting. ASU 2016-13, Measurement of Credit Losses on Financial Instruments Seeks to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date by replacing the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Q1 2020 The Company is evaluating the impacts of the new standard on its existing financial instruments, including trade receivables.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 18, 2016
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE The Company calculates earnings per share in accordance with FASB Accounting Standards Codification (“ASC”) Topic 260, Earnings Per Share (“ASC 260”). ASC 260 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share under the two-class method. Under the guidance in ASC 260, the Company’s unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, are participating securities and must be included in the computation of earnings per share pursuant to the two-class method. The following table sets forth the computation of basic and diluted earnings per share. 12 Weeks Ended 24 Weeks Ended (In millions, except per share data) June 18, June 20, June 18, June 20, Numerator: Net earnings attributable to Wolverine World Wide, Inc. $ 24.0 $ 25.3 $ 41.4 $ 65.4 Adjustment for earnings allocated to non-vested restricted common stock (0.5 ) (0.4 ) (0.9 ) (1.2 ) Net earnings used in calculating basic earnings per share 23.5 24.9 40.5 64.2 Adjustment for earnings reallocated from non-vested restricted common stock — — — 0.1 Net earnings used in calculating diluted earnings per share $ 23.5 $ 24.9 $ 40.5 $ 64.3 Denominator: Weighted average shares outstanding 99.5 103.2 99.4 102.8 Adjustment for non-vested restricted common stock (4.0 ) (3.4 ) (3.8) (3.4) Shares used in calculating basic earnings per share 95.5 99.8 95.6 99.4 Effect of dilutive stock options 0.6 1.8 0.5 1.9 Shares used in calculating diluted earnings per share 96.1 101.6 96.1 101.3 Net earnings per share: Basic $ 0.25 $ 0.25 $ 0.42 $ 0.65 Diluted $ 0.24 $ 0.24 $ 0.42 $ 0.63 For the 12 and 24 weeks ended June 18, 2016 , options relating to 5,587,283 and 5,717,179 shares of common stock outstanding, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive. For the 12 and 24 weeks ended June 20, 2015 , options relating to 1,637,793 and 1,382,502 shares of common stock outstanding, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive.

Goodwill and Indefinite-Lived I

Goodwill and Indefinite-Lived Intangibles	6 Months Ended
	Jun. 18, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Indefinite-Lived Intangibles	GOODWILL AND INDEFINITE-LIVED INTANGIBLES The changes in the carrying amount of goodwill and indefinite-lived intangibles are as follows: (In millions) Goodwill Indefinite-lived intangibles Total Balance at January 3, 2015 $ 438.8 $ 690.5 $ 1,129.3 Impairment — (2.6 ) (2.6 ) Foreign currency translation effects (2.3 ) — (2.3 ) Balance at June 20, 2015 $ 436.5 $ 687.9 $ 1,124.4 Balance at January 2, 2016 $ 429.1 $ 685.4 $ 1,114.5 Foreign currency translation effects 2.8 — 2.8 Balance at June 18, 2016 $ 431.9 $ 685.4 $ 1,117.3 During the fourth quarter of 2015, the results of our indefinite-lived intangible impairment test based on the Company's outlook for future operating results gave rise to a reduction in the excess of fair value over the carrying value for the Stride Rite ® and Sperry ® trade name indefinite-lived intangible assets. The operating results for the first half of fiscal 2016 met the Company’s financial plan; however, if future operating results were to not meet its revenue and profitability projections, the Company may record a non-cash indefinite-lived intangible asset impairment charge in future periods. The carrying value of the Company’s Stride Rite ® and Sperry ® trade name indefinite-lived intangible assets was $ 15.0 million and $ 586.8 million , respectively, as of June 18, 2016 .

Accounts Receivable (Notes)

Accounts Receivable (Notes)	6 Months Ended
	Jun. 18, 2016
Accounts Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	ACCOUNTS RECEIVABLE The Company has an agreement with a financial institution to sell selected trade accounts receivable on a recurring, nonrecourse basis that expires in the fourth quarter of fiscal 2017. Under the agreement, up to $ 200.0 million of accounts receivable may be sold to the financial institution and remain outstanding at any point in time. After the sale, the Company does not retain any interests in the accounts receivable and removes them from its consolidated balance sheet, but continues to service and collect the outstanding accounts receivable on behalf of the financial institution. The Company recognizes a servicing asset or servicing liability, initially measured at fair value, each time it undertakes an obligation to service the accounts receivable under the agreement. The fair value of this obligation resulted in a nominal servicing liability for all periods presented. For receivables sold under the agreement, 90 % of the stated amount is paid for in cash to the Company at the time of sale, with the remainder paid to the Company at the completion of the collection process. The following is a summary of the stated amount of accounts receivable that was sold as well as fees charged by the financial institution. 12 Weeks Ended 24 Weeks Ended (In millions) June 18, June 20, June 18, June 20, Accounts receivable sold $ 140.2 $ 156.8 $ 298.9 $ 314.1 Fees charged 0.4 0.4 0.8 0.7 The fees are recorded in other expense. Net proceeds of this program are classified in operating activities in the consolidated condensed statements of cash flows. This program reduced the Company's accounts receivable by $ 76.5 million , $ 77.6 million and $ 82.6 million as of June 18, 2016 , January 2, 2016 and June 20, 2015 , respectively.

Debt

Debt	6 Months Ended
	Jun. 18, 2016
Debt Disclosure [Abstract]
Debt	DEBT Total debt consists of the following obligations: (In millions) June 18, January 2, June 20, Term Loan A Facility, due July 13, 2020 $ 441.5 $ 444.4 $ 457.5 Public Bonds, 6.125% interest, due October 15, 2020 375.0 375.0 375.0 Capital lease obligation 0.6 0.6 0.6 Unamortized debt issuance costs (9.1 ) (10.2 ) (11.6 ) Total debt $ 808.0 $ 809.8 $ 821.5 On July 13, 2015, the Company amended its credit agreement (as amended, the "Credit Agreement"). The amendment replaced the previous term loan facility and revolving credit facility with a new $ 450.0 million Term Loan A Facility and a new $ 500.0 million Revolving Credit Facility, and extended the maturity date of these facilities to July 13, 2020. The Credit Agreement’s debt capacity is limited to an aggregate debt amount (including outstanding term loan principal and revolver commitment amounts in addition to permitted incremental debt) not to exceed $ 1,425.0 million , unless certain specified conditions set forth in the Credit Agreement are met. The Revolving Credit Facility allows the Company to borrow up to an aggregate amount of $500.0 million , which includes a $ 200.0 million foreign currency subfacility under which borrowings may be made, subject to certain conditions, in Canadian dollars, British pounds, euros, Hong Kong dollars, Swedish kronor, Swiss francs and such additional currencies as are determined in accordance with the Credit Agreement. The Revolving Credit Facility also includes a $50.0 million swingline subfacility and a $50.0 million letter of credit subfacility. The Company had outstanding letters of credit under the Revolving Credit Facility of $ 2.6 million , $ 3.8 million and $ 3.6 million as of June 18, 2016 , January 2, 2016 and June 20, 2015 , respectively. These outstanding letters of credit reduce the borrowing capacity under the Revolving Credit Facility. The interest rates applicable to amounts outstanding under the Term Loan A Facility and to U.S. dollar denominated amounts outstanding under the Revolving Credit Facility will be, at the Company’s option, either (1) the Alternate Base Rate plus an Applicable Margin as determined by the Company’s Consolidated Leverage Ratio, within a range of 0.25% to 1.00% , or (2) the Eurocurrency Rate plus an Applicable Margin as determined by the Company’s Consolidated Leverage Ratio, within a range of 1.25% to 2.00% (all capitalized terms used in this sentence are as defined in the Credit Agreement). The Company has two interest rate swap arrangements that reduce the Company’s exposure to fluctuations in interest rates on its variable rate debt. At June 18, 2016 , Term Loan A Facility had a weighted-average interest rate of 2.27 %. The obligations of the Company pursuant to the Credit Agreement are guaranteed by substantially all of the Company’s material domestic subsidiaries and secured by substantially all of the personal and real property of the Company and its material domestic subsidiaries, subject to certain exceptions. The Credit Agreement also contains certain affirmative and negative covenants, including covenants that limit the ability of the Company and its Restricted Subsidiaries to, among other things: incur or guarantee indebtedness; incur liens; pay dividends or repurchase stock; enter into transactions with affiliates; consummate asset sales, acquisitions or mergers; prepay certain other indebtedness; or make investments, as well as covenants restricting the activities of certain foreign subsidiaries of the Company that hold intellectual property related assets. Further, the Credit Agreement requires compliance with the following financial covenants: a maximum Consolidated Leverage Ratio; a maximum Consolidated Secured Leverage Ratio; and a minimum Consolidated Interest Coverage Ratio (all capitalized terms used in this paragraph are as defined in the Credit Agreement). As of June 18, 2016 , the Company was in compliance with all covenants and performance ratios under the Credit Agreement. The Company has $ 375.0 million of senior notes outstanding that may be traded in the public market (the “Public Bonds”) that are due on October 15, 2020. The Public Bonds bear interest at 6.125% with the related interest payments due semi-annually. The Public Bonds are guaranteed by substantially all of the Company’s domestic subsidiaries. The Company has various foreign revolving line of credit facilities with aggregate available borrowings of $ 7.0 million that are uncommitted and, therefore, each borrowing against the applicable facility is subject to approval by the lender. There were no borrowings against these facilities for all periods presented. The Company has a capital lease obligation with payments scheduled to continue through February 2022. The Company included in interest expense the amortization of deferred financing costs of $ 0.7 million and $1.4 million for the 12 and 24 weeks ended June 18, 2016 , respectively. The Company included in interest expense the amortization of deferred financing costs of $1.0 million and $2.0 million for the 12 and 24 weeks ended June 20, 2015 , respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 18, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income (loss) (“AOCI”) represents net earnings and any revenue, expenses, gains and losses that, under U.S. GAAP, are excluded from net earnings and recognized directly as a component of stockholders’ equity. The change in AOCI during the 12 weeks ended June 18, 2016 and June 20, 2015 is as follows: (In millions) Foreign currency translation adjustments Foreign exchange contracts Interest rate swaps Pension adjustments Total Balance of AOCI as of March 28, 2015 $ (34.3 ) $ 13.9 $ (0.3 ) $ (38.5 ) $ (59.2 ) Other comprehensive income (loss) before reclassifications (1) 8.2 (4.6 ) — — 3.6 Amounts reclassified from AOCI — (4.9 ) (2) — 4.9 (4) — Income tax expense (benefit) — 1.5 — (1.8 ) (0.3 ) Net reclassifications — (3.4 ) — 3.1 (0.3 ) Net current-period other comprehensive income (loss) (1) 8.2 (8.0 ) — 3.1 3.3 Balance of AOCI as of June 20, 2015 $ (26.1 ) $ 5.9 $ (0.3 ) $ (35.4 ) $ (55.9 ) Balance of AOCI as of March 26, 2016 $ (42.3 ) $ 3.2 $ (6.4 ) $ (12.0 ) $ (57.5 ) Other comprehensive income (loss) before reclassifications (1) 5.3 (1.4 ) (2.5 ) — 1.4 Amounts reclassified from AOCI — (2.9 ) (2) 0.2 (3) 1.2 (4) (1.5 ) Income tax expense (benefit) — 0.9 (0.1 ) (0.5 ) 0.3 Net reclassifications — (2.0 ) 0.1 0.7 (1.2 ) Net current-period other comprehensive income (loss) (1) 5.3 (3.4 ) (2.4 ) 0.7 0.2 Balance of AOCI as of June 18, 2016 $ (37.0 ) $ (0.2 ) $ (8.8 ) $ (11.3 ) $ (57.3 ) (1) Other comprehensive income (loss) is reported net of taxes and noncontrolling interest. (2) Amounts reclassified are included in cost of goods sold. (3) Amounts reclassified are included in interest expense. (4) Amounts reclassified are included in the computation of net pension expense. The change in AOCI during the 24 weeks ended June 18, 2016 and June 20, 2015 is as follows: (In millions) Foreign currency translation adjustments Foreign exchange contracts Interest rate swap Pension adjustments Total Balance of AOCI as of January 3, 2015 $ (16.9 ) $ 8.6 $ 0.4 $ (41.6 ) $ (49.5 ) Other comprehensive income (loss) before reclassifications (1) (9.2 ) 2.5 (0.7 ) — (7.4 ) Amounts reclassified from AOCI — (7.4 ) (2) — 9.7 (3) 2.3 Income tax expense (benefit) — 2.2 — (3.5 ) (1.3 ) Net reclassifications — (5.2 ) — 6.2 1.0 Net current-period other comprehensive income (loss) (1) (9.2 ) (2.7 ) (0.7 ) 6.2 (6.4 ) Balance of AOCI as of June 20, 2015 $ (26.1 ) $ 5.9 $ (0.3 ) $ (35.4 ) $ (55.9 ) Balance of AOCI as of January 2, 2016 $ (47.3 ) $ 6.4 $ (2.4 ) $ (12.8 ) $ (56.1 ) Other comprehensive income (loss) before reclassifications (1) 10.3 (3.3 ) (6.7 ) — 0.3 Amounts reclassified from AOCI — (4.7 ) (2) 0.5 2.3 (3) (1.9 ) Income tax expense (benefit) — 1.4 (0.2 ) (0.8 ) 0.4 Net reclassifications — (3.3 ) 0.3 1.5 (1.5 ) Net current-period other comprehensive income (loss) (1) 10.3 (6.6 ) (6.4 ) 1.5 (1.2 ) Balance of AOCI as of June 18, 2016 $ (37.0 ) $ (0.2 ) $ (8.8 ) $ (11.3 ) $ (57.3 ) (1) Other comprehensive income (loss) is reported net of taxes and noncontrolling interest. (2) Amounts reclassified are included in cost of goods sold. (3) Amounts reclassified are included in interest expense. (4) Amounts reclassified are included in the computation of net pension expense.

Financial Instruments and Risk

Financial Instruments and Risk Management	6 Months Ended
	Jun. 18, 2016
Investments, All Other Investments [Abstract]
Financial Instruments and Risk Management	FINANCIAL INSTRUMENTS AND RISK MANAGEMENT The Company follows FASB ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”), which provides a consistent definition of fair value, focuses on exit price, prioritizes the use of market-based inputs over entity-specific inputs for measuring fair value and establishes a three-tier hierarchy for fair value measurements. ASC 820 requires fair value measurements to be classified and disclosed in one of the following three categories: Level 1: Fair value is measured using quoted prices (unadjusted) in active markets for identical assets and liabilities. Level 2: Fair value is measured using either direct or indirect inputs, other than quoted prices included within Level 1, which are observable for similar assets or liabilities. Level 3: Fair value is measured using valuation techniques in which one or more significant inputs are unobservable. The Company’s financial instruments consist of cash and cash equivalents, accounts and notes receivable, accounts payable, foreign currency forward exchange contracts, interest rate swap arrangements, borrowings under the Revolving Credit Facility and long-term debt. The carrying amount of the Company’s financial instruments is historical cost, which approximates fair value, except for the interest rate swaps and foreign currency forward exchange contracts, which are carried at fair value. The carrying value and the fair value of the Company’s long-term debt, excluding capital leases, are as follows: (In millions) June 18, 2016 January 2, 2016 June 20, 2015 Carrying value $ 807.4 $ 809.2 $ 820.9 Fair value 849.3 836.3 863.1 The fair value of the fixed rate debt was based on third-party quotes (Level 2). The fair value of the variable rate debt was calculated by discounting the future cash flows to its present value using a discount rate based on the risk-free rate of the same maturity (Level 3). The Company follows ASC 815, which is intended to improve transparency in financial reporting and requires that all derivative instruments be recorded on the consolidated balance sheets at fair value by establishing criteria for designation and effectiveness of hedging relationships. The Company utilizes foreign currency forward exchange contracts to manage the volatility associated primarily with U.S. dollar inventory purchases made by non-U.S. wholesale operations in the normal course of business. These foreign currency forward exchange hedge contracts extend out to a maximum of 363 days, 349 days and 356 days, as of June 18, 2016 , January 2, 2016 and June 20, 2015 , respectively. The Company also utilizes foreign currency forward exchange contracts that are not designated as hedging instruments to manage foreign currency translation exposure. Foreign currency derivatives not designated as hedging instruments are offset by foreign exchange gains or losses resulting from the underlying exposures of foreign currency denominated assets and liabilities. The Company has two interest rate swap arrangements which exchange floating rate for fixed rate interest payments over the life of the agreements without the exchange of the underlying notional amounts. These derivative instruments, which, unless otherwise terminated, will mature on October 6, 2017 and July 13, 2020 , have been designated as cash flow hedges of the debt. The notional amounts of the interest rate swap arrangements are used to measure interest to be paid or received and do not represent the amount of exposure to credit loss. The Company does not hold or issue financial instruments for trading purposes. The notional amounts of the Company’s derivative instruments are as follows: (Dollars in millions) June 18, 2016 January 2, 2016 June 20, 2015 Foreign exchange contracts: Hedge contracts $ 193.1 $ 192.6 $ 202.6 Non-hedge contracts 15.0 23.2 — Interest rate swaps (1) 556.3 609.7 364.7 (1) Includes a forward starting interest rate swap with a notional amount of $ 288.8 million , which has an effective date of October 17, 2016 . The following table sets forth financial assets and liabilities measured at fair value in the consolidated balance sheets and the respective pricing levels to which the fair value measurements are classified within the fair value hierarchy. Fair Value Measurements Quoted Prices With Other Observable Inputs (Level 2) (In millions) June 18, 2016 January 2, 2016 June 20, 2015 Financial assets: Foreign exchange contracts - hedge $ 1.2 $ 6.7 $ 2.4 Foreign exchange contracts - non-hedge — 0.5 — Interest rate swaps — 0.2 — Financial liabilities: Foreign exchange contracts - hedge $ 3.1 $ — $ 2.0 Foreign exchange contracts - non-hedge 0.1 0.1 — Interest rate swaps 13.6 3.9 0.4 The fair value of the foreign currency forward exchange contracts represents the estimated receipts or payments necessary to terminate the contracts. Hedge effectiveness is evaluated by the hypothetical derivative method. Any hedge ineffectiveness is reported within the cost of goods sold line item in the consolidated condensed statements of operations. Hedge ineffectiveness was not material to the Company’s consolidated condensed financial statements for the 12 or 24 weeks ended June 18, 2016 and June 20, 2015 . If, in the future, the foreign exchange contracts are determined to be ineffective hedges or terminated before their contractual termination dates, the Company would be required to reclassify into earnings all or a portion of the unrealized amounts related to the cash flow hedges that are currently included in AOCI within stockholders’ equity. The differential paid or received on the interest rate swap arrangements is recognized as interest expense. In accordance with ASC 815, the Company has formally documented the relationship between the interest rate swaps and the variable rate borrowings, as well as its risk management objective and strategy for undertaking the hedge transaction. This process included linking the derivative to the specific liability or asset on the balance sheet. The Company also assessed at the hedges’ inception, and continues to assess on an ongoing basis, whether the derivatives used in the hedging transaction are highly effective in offsetting changes in the cash flows of the hedged item. The effective portion of unrealized gains (losses) is deferred as a component of AOCI and will be recognized in earnings at the time the hedged item affects earnings. Any ineffective portion of the change in fair value will be immediately recognized in earnings.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 18, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	STOCK-BASED COMPENSATION The Company accounts for stock-based compensation in accordance with the fair value recognition provisions of FASB ASC Topic 718, Compensation – Stock Compensation (“ASC 718”). The Company recognized compensation expense of $ 3.9 million and $ 11.5 million , and related income tax benefits of $ 1.3 million and $ 3.9 million , for grants under its stock-based compensation plans for the 12 and 24 weeks ended June 18, 2016 , respectively. The Company recognized compensation expense of $ 7.4 million and $ 14.1 million , and related income tax benefits of $ 2.5 million and $ 4.7 million , for grants under its stock-based compensation plans for the 12 and 24 weeks ended June 20, 2015 . Stock-based compensation expense recognized in the consolidated condensed statements of operations and comprehensive income is based on awards ultimately expected to vest and, as such, has been reduced for estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Forfeitures were estimated based on historical experience. The Company estimated the fair value of employee stock options on the date of grant using the Black-Scholes model. The estimated weighted average fair value for each option granted during the 24 weeks ended June 18, 2016 and June 20, 2015 was $ 3.32 and $ 6.37 , respectively, with the following weighted average assumptions: 24 Weeks Ended June 18, June 20, Expected market price volatility (1) 27.1 % 28.8 % Risk-free interest rate (2) 1.0 % 1.3 % Dividend yield (3) 1.4 % 0.9 % Expected term (4) 4 years 4 years (1) Based on historical volatility of the Company’s common stock. The expected volatility is based on the daily percentage change in the price of the stock over the four years prior to the grant. (2) Represents the U.S. Treasury yield curve in effect for the expected term of the option at the time of grant. (3) Represents the Company’s estimated cash dividend yield for the expected term. (4) Represents the period of time that options granted are expected to be outstanding. As part of the determination of the expected term, the Company concluded that all employee groups exhibit similar exercise and post-vesting termination behavior. The Company issued 54,004 and 191,470 shares of common stock in connection with new restricted stock grants and the exercise of stock options during the 12 weeks ended June 18, 2016 and June 20, 2015 , respectively. During the 12 weeks ended June 18, 2016 and June 20, 2015 , the Company canceled 153,539 and 60,991 shares, respectively, of common stock issued under restricted stock awards as a result of forfeitures. The Company issued 2,144,157 and 1,938,006 shares of common stock in connection with new restricted stock grants and the exercise of stock options during the 24 weeks ended June 18, 2016 and June 20, 2015 , respectively. During the 24 weeks ended June 18, 2016 and June 20, 2015 , the Company canceled 591,792 and 204,001 shares, respectively, of common stock issued under restricted stock awards as a result of forfeitures.

Retirement Plans

Retirement Plans	6 Months Ended
	Jun. 18, 2016
Compensation and Retirement Disclosure [Abstract]
Retirement Plans	RETIREMENT PLANS The following is a summary of net pension and Supplemental Executive Retirement Plan expense recognized by the Company. 12 Weeks Ended 24 Weeks Ended (In millions) June 18, June 20, June 18, June 20, Service cost pertaining to benefits earned during the period $ 1.5 $ 2.1 $ 3.0 $ 4.2 Interest cost on projected benefit obligations 4.4 4.3 8.8 8.5 Expected return on pension assets (4.7 ) (4.8 ) (9.3 ) (9.5 ) Net amortization loss 1.2 4.9 2.3 9.7 Net pension expense $ 2.4 $ 6.5 $ 4.8 $ 12.9

Income Taxes

Income Taxes	6 Months Ended
	Jun. 18, 2016
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The Company maintains certain strategic management and operational activities in overseas subsidiaries, and its foreign earnings are taxed at rates that are generally lower than the U.S. federal statutory income tax rate. A significant amount of the Company’s earnings are generated by its Canadian, European and Asia Pacific subsidiaries and, to a lesser extent, in other foreign jurisdictions that are not subject to income tax. The Company has not provided for U.S. taxes for earnings generated in foreign jurisdictions because it plans to reinvest these earnings indefinitely outside the U.S. However, if certain foreign earnings previously treated as permanently reinvested are repatriated, the additional U.S. tax liability could have a material adverse effect on the Company’s after-tax results of operations, financial position and cash flows. The Company’s effective tax rate for the 12 weeks ended June 18, 2016 and June 20, 2015 was 26.7 % and 31.4 %, respectively. For the 24 weeks ended June 18, 2016 and June 20, 2015 , the Company’s effective tax rate was 28.8% and 28.9% , respectively. The lower effective tax rate in the current year periods reflects a shift in income between tax jurisdictions with differing tax rates. The Company is subject to periodic audits by domestic and foreign tax authorities. Currently, the Company is undergoing routine periodic audits in both domestic and foreign tax jurisdictions. It is reasonably possible that the amounts of unrecognized tax benefits could change in the next 12 months as a result of the audits; however, any payment of tax is not expected to be significant to the consolidated financial statements. The Company is no longer subject to U.S. federal, state and local or non-U.S. income tax examinations by tax authorities for years before 2011 in the majority of tax jurisdictions.

Litigation and Contingencies

Litigation and Contingencies	6 Months Ended
	Jun. 18, 2016
Commitments and Contingencies Disclosure [Abstract]
Litigation and Contingencies	LITIGATION AND CONTINGENCIES The Company is involved in various environmental claims and other legal actions arising in the normal course of business. The environmental claims include sites where the U.S. Environmental Protection Agency has notified the Company that it is a potentially responsible party with respect to environmental remediation. These remediation claims are subject to ongoing environmental impact studies, assessment of remediation alternatives, allocation of costs between responsible parties and concurrence by regulatory authorities and have not yet advanced to a stage where the Company’s liability is fixed. However, after taking into consideration legal counsel’s evaluation of all actions and claims against the Company, it is management’s opinion that the outcome of these matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows. The Company is also involved in routine non-environmental litigation incidental to its business and is a party to legal actions and claims, including, but not limited to, those related to employment and intellectual property. Some of the legal proceedings include claims for compensatory as well as punitive damages. While the final outcome of these matters cannot be predicted with certainty, considering, among other things, the meritorious legal defenses available and liabilities that have been recorded along with applicable insurance, it is management’s opinion that the outcome of these items will not have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows. Minimum future royalty and advertising obligations for the fiscal periods subsequent to June 18, 2016 under the terms of certain licenses held by the Company are as follows: (In millions) 2016 2017 2018 2019 2020 Thereafter Minimum royalties $ 0.9 $ 2.0 $ 1.4 $ 1.5 $ 1.5 $ — Minimum advertising 2.6 3.2 3.3 3.4 3.5 7.4 Minimum royalties are based on both fixed obligations and assumptions regarding the Consumer Price Index. Royalty obligations in excess of minimum requirements are based upon future sales levels. In accordance with these agreements, the Company incurred royalty expense of $ 0.5 million and $ 0.4 million for the 12 weeks ended June 18, 2016 and June 20, 2015 , respectively. For the 24 weeks ended June 18, 2016 and June 20, 2015 , the Company incurred royalty expense, in accordance with these agreements, of $ 0.9 million and $ 0.9 million , respectively. The terms of certain license agreements also require the Company to make advertising expenditures based on the level of sales of the licensed products. In accordance with these agreements, the Company incurred advertising expense of $ 0.9 million and $ 1.0 million for the 12 weeks ended June 18, 2016 and June 20, 2015 , respectively. For the 24 weeks ended June 18, 2016 and June 20, 2015 , the Company incurred advertising expense, in accordance with these agreements, of $ 1.6 million and $ 1.8 million , respectively.

Business Segments

Business Segments	6 Months Ended
	Jun. 18, 2016
Segment Reporting [Abstract]
Business Segments	BUSINESS SEGMENTS During the first quarter of fiscal 2016, the Company’s portfolio of brands was realigned into the following four operating segments, which the Company has determined to be reportable operating segments. • Wolverine Outdoor & Lifestyle Group , consisting of Merrell ® footwear and apparel, Cat ® footwear, Hush Puppies ® footwear and apparel, Chaco ® footwear, Sebago ® footwear and apparel and Cushe ® footwear; • Wolverine Boston Group , consisting of Sperry ® footwear and apparel, Saucony ® footwear and apparel and Keds ® footwear and apparel; • Wolverine Heritage Group , consisting of Wolverine ® footwear and apparel, Bates ® uniform footwear, Harley-Davidson ® footwear and HyTest ® safety footwear; and • Wolverine Multi-Brand Group , consisting of Stride Rite ® footwear and apparel and the Company's multi-brand consumer-direct businesses. The reportable segments are engaged in designing, manufacturing, sourcing, marketing, licensing and distributing branded footwear, apparel and accessories. Reported revenue for the reportable operating segments includes revenue from the sale of branded footwear, apparel and accessories to third-party customers; revenue from third-party licensees and distributors; and revenue from the Company’s consumer-direct businesses. The Company also reports “Other” and “Corporate” categories. The Other category consists of the Company’s leather marketing operations and sourcing operations that include third-party commission revenues. The Corporate category consists of unallocated corporate expenses, including restructuring and impairment costs. The Company’s operating segments are determined based on how the Company internally reports and evaluates financial information used to make operating decisions. The operating segment managers all report directly to the chief operating decision maker. Company management uses various financial measures to evaluate the performance of the reportable operating segments. The following is a summary of certain key financial measures for the respective fiscal periods indicated. All prior period amounts have been restated to reflect the new reportable operating segments. 12 Weeks Ended 24 Weeks Ended (In millions) June 18, June 20, June 18, June 20, Revenue: Wolverine Outdoor & Lifestyle Group $ 203.0 $ 210.3 $ 420.7 $ 441.4 Wolverine Boston Group 218.2 240.7 427.3 475.0 Wolverine Heritage Group 74.2 79.2 146.0 160.6 Wolverine Multi-Brand Group 69.7 81.5 138.1 153.4 Other 18.6 18.4 29.2 31.1 Total $ 583.7 $ 630.1 $ 1,161.3 $ 1,261.5 Operating profit (loss): Wolverine Outdoor & Lifestyle Group $ 34.7 $ 35.9 $ 83.5 $ 90.6 Wolverine Boston Group 30.9 39.3 58.6 76.6 Wolverine Heritage Group 8.3 11.0 16.8 22.8 Wolverine Multi-Brand Group 2.6 4.2 1.2 2.5 Other 1.6 1.1 2.1 2.3 Corporate (36.3 ) (43.9 ) (86.4 ) (83.6 ) Total $ 41.8 $ 47.6 $ 75.8 $ 111.2 (In millions) June 18, January 2, June 20, Total assets: Wolverine Outdoor & Lifestyle Group $ 455.8 $ 444.2 $ 466.4 Wolverine Boston Group 1,337.0 1,324.2 1,354.8 Wolverine Heritage Group 148.8 169.9 162.5 Wolverine Multi-Brand Group 189.4 204.3 214.3 Other 28.3 23.9 27.1 Corporate 294.2 267.9 317.9 Total $ 2,453.5 $ 2,434.4 $ 2,543.0 Goodwill: Wolverine Outdoor & Lifestyle Group $ 129.9 $ 130.4 $ 131.9 Wolverine Boston Group 259.5 256.2 262.1 Wolverine Heritage Group 16.5 16.5 16.5 Wolverine Multi-Brand Group 26.0 26.0 26.0 Total $ 431.9 $ 429.1 $ 436.5

Restructuring Activities

Restructuring Activities	6 Months Ended
	Jun. 18, 2016
Restructuring Activities [Abstract]
Restructuring Activities	RESTRUCTURING ACTIVITIES 2014 Plan On July 9, 2014, the Board of Directors of the Company approved a realignment of the Company’s consumer-direct operations (the “2014 Plan”). As a part of the 2014 Plan, the Company closed 136 retail stores, consolidated certain consumer-direct support functions and implemented certain other organizational changes. The Company completed the 2014 Plan during the first quarter of fiscal 2016. Costs incurred related to the 2014 Plan have been recorded within the Corporate category. The cumulative costs incurred is $ 49.5 million , with $ 6.5 million recorded in the restructuring costs line item as a component of cost of goods sold, and $ 43.0 million recorded in the restructuring and impairment costs line item as a component of operating expenses. Approximately $ 23.0 million represents non-cash charges. The Company expects annual pretax benefits of approximately $ 16.0 million as a result of the 2014 Plan. The Company estimates the remaining restructuring reserve will be settled during the remainder of fiscal 2016. The following is a summary of the activity during the 24 weeks ended June 18, 2016 and June 20, 2015 , with respect to a reserve established by the Company in connection with the 2014 Plan, by category of costs. (In millions) Severance and employee related Impairment of property and equipment Costs associated with exit or disposal activities Total Balance at January 3, 2015 $ 1.0 $ — $ 6.5 $ 7.5 Restructuring and impairment costs (gain) 1.4 0.3 (1.9 ) (0.2 ) Amounts paid (1.7 ) — (2.9 ) (4.6 ) Charges against assets — (0.3 ) (0.4 ) (0.7 ) Balance at June 20, 2015 $ 0.7 $ — $ 1.3 $ 2.0 Balance at January 2, 2016 $ 2.1 $ — $ 6.5 $ 8.6 Restructuring and impairment costs 1.2 0.2 9.6 11.0 Amounts paid (3.3 ) — (4.7 ) (8.0 ) Charges against assets — (0.2 ) (6.9 ) (7.1 ) Balance at June 18, 2016 $ — $ — $ 4.5 $ 4.5 Other Restructuring Activities During the 24 weeks ended June 18, 2016 , the Company recorded restructuring costs of $ 5.1 million in connection with certain organizational changes made during the first quarter of fiscal 2016. The costs associated with these restructuring activities were recorded within the Company’s Corporate category included in the restructuring and impairment costs line item as a component of operating expenses in the consolidated condensed statements of operations and comprehensive income. The Company estimates another $ 5.0 million to $ 6.0 million of costs will be incurred during the remainder of fiscal 2016 to complete these organizational changes. During the 24 weeks ended June 18, 2016 , the Company recorded restructuring costs of $ 0.3 million in connection with the Company’s decision to wind-down operations of its Cushe ® brand. During the second quarter of fiscal 2015, the Company recorded restructuring and impairment costs, primarily related to indefinite-lived intangibles, of $ 2.9 million related to its Cushe brand. The Company recorded these costs within its Corporate category in the restructuring and impairment costs line item as a component of operating expenses in the consolidated condensed statements of operations and comprehensive income.

Subsidiary Guarantors of the Pu

Subsidiary Guarantors of the Public Bonds	6 Months Ended
	Jun. 18, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Subsidiary Guarantors of the Public Bonds	SUBSIDIARY GUARANTORS OF THE PUBLIC BONDS The following tables present consolidated condensed financial information for (a) the Company (for purposes of this discussion and table, “Parent”); (b) the guarantors of the Public Bonds, which include substantially all of the domestic, 100 % owned subsidiaries of the Parent (“Subsidiary Guarantors”); and (c) the wholly- and partially-owned foreign subsidiaries of the Parent, which do not guarantee the Public Bonds (“Non-Guarantor Subsidiaries”). Separate financial statements of the Subsidiary Guarantors are not presented because they are fully and unconditionally, jointly and severally liable under the guarantees, except for normal and customary release provisions. WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Operations and Comprehensive Income For the 12 Weeks Ended June 18, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 658.1 $ 127.3 $ (201.7 ) $ 583.7 Cost of goods sold 1.8 472.3 66.1 (183.1 ) 357.1 Gross profit (loss) (1.8 ) 185.8 61.2 (18.6 ) 226.6 Selling, general and administrative expenses 21.9 129.3 50.4 (18.6 ) 183.0 Restructuring and impairment costs 0.1 1.6 0.1 — 1.8 Operating profit (loss) (23.8 ) 54.9 10.7 — 41.8 Other expenses: Interest expense (income), net 8.0 (0.1 ) (0.1 ) — 7.8 Other expense, net 0.4 0.3 0.4 — 1.1 Total other expenses (income) 8.4 0.2 0.3 — 8.9 Earnings (loss) before income taxes (32.2 ) 54.7 10.4 — 32.9 Income tax expense (benefit) (12.8 ) 21.5 0.1 — 8.8 Earnings (loss) before equity in earnings of consolidated subsidiaries (19.4 ) 33.2 10.3 — 24.1 Equity in earnings of consolidated subsidiaries 43.4 8.5 1.5 (53.4 ) — Net earnings 24.0 41.7 11.8 (53.4 ) 24.1 Less: net earnings attributable to noncontrolling interest — — 0.1 — 0.1 Net earnings attributable to Wolverine World Wide, Inc. $ 24.0 $ 41.7 $ 11.7 $ (53.4 ) $ 24.0 Comprehensive income $ 24.1 $ 41.7 $ 13.6 $ (55.2 ) $ 24.2 Less: comprehensive income (loss) attributable to noncontrolling interest (0.1 ) — — 0.1 — Comprehensive income attributable to Wolverine World Wide, Inc. $ 24.2 $ 41.7 $ 13.6 $ (55.3 ) $ 24.2 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Operations and Comprehensive Income For the 12 Weeks Ended June 20, 2015 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ 133.5 $ 985.3 $ 182.3 $ (671.0 ) $ 630.1 Cost of goods sold 102.8 830.7 101.7 (651.5 ) 383.7 Gross profit 30.7 154.6 80.6 (19.5 ) 246.4 Selling, general and administrative expenses 43.6 109.2 61.7 (19.4 ) 195.1 Restructuring and impairment costs 1.1 0.6 2.0 — 3.7 Operating profit (loss) (14.0 ) 44.8 16.9 (0.1 ) 47.6 Other expenses: Interest expense, net 8.9 0.1 — — 9.0 Other expense (income), net 2.2 0.3 (0.7 ) — 1.8 Total other expenses (income) 11.1 0.4 (0.7 ) — 10.8 Earnings (loss) before income taxes (25.1 ) 44.4 17.6 (0.1 ) 36.8 Income tax expense (benefit) (10.1 ) 16.8 4.9 — 11.6 Earnings (loss) before equity in earnings of consolidated subsidiaries (15.0 ) 27.6 12.7 (0.1 ) 25.2 Equity in earnings of consolidated subsidiaries 40.3 32.0 7.1 (79.4 ) — Net earnings 25.3 59.6 19.8 (79.5 ) 25.2 Less: net loss attributable to noncontrolling interest — — (0.1 ) — (0.1 ) Net earnings attributable to Wolverine World Wide, Inc. $ 25.3 $ 59.6 $ 19.9 $ (79.5 ) $ 25.3 Comprehensive income $ 28.6 $ 59.6 $ 19.9 $ (79.7 ) $ 28.4 Less: comprehensive loss attributable to noncontrolling interest — — (0.2 ) — (0.2 ) Comprehensive income attributable to Wolverine World Wide, Inc. $ 28.6 $ 59.6 $ 20.1 $ (79.7 ) $ 28.6 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Operations and Comprehensive Income For the 24 Weeks Ended June 18, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 1,308.7 $ 259.5 $ (406.9 ) $ 1,161.3 Cost of goods sold 3.3 941.3 130.7 (373.3 ) 702.0 Restructuring costs 0.3 3.6 — — 3.9 Gross profit (loss) (3.6 ) 363.8 128.8 (33.6 ) 455.4 Selling, general and administrative expenses 45.4 259.5 95.8 (33.6 ) 367.1 Restructuring and impairment costs 1.6 7.2 3.7 — 12.5 Operating (loss) profit (50.6 ) 97.1 29.3 — 75.8 Other expenses: Interest expense (income), net 16.7 (0.2 ) (0.2 ) — 16.3 Other expense, net 0.4 0.6 — — 1.0 Total other expenses (income) 17.1 0.4 (0.2 ) — 17.3 Earnings (loss) before income taxes (67.7 ) 96.7 29.5 — 58.5 Income taxes (benefit) (26.1 ) 37.3 5.6 — 16.8 Earnings (loss) before equity in earnings of consolidated subsidiaries (41.6 ) 59.4 23.9 — 41.7 Equity in earnings of consolidated subsidiaries 83.0 35.0 9.7 (127.7 ) — Net earnings 41.4 94.4 33.6 (127.7 ) 41.7 Less: net earnings attributable to noncontrolling interests — — 0.3 — 0.3 Net earnings attributable to Wolverine World Wide, Inc. $ 41.4 $ 94.4 $ 33.3 $ (127.7 ) $ 41.4 Comprehensive income $ 39.8 $ 94.4 $ 36.9 $ (131.0 ) $ 40.1 Less: comprehensive loss attributable to noncontrolling interest (0.4 ) — (0.1 ) 0.4 (0.1 ) Comprehensive income attributable to Wolverine World Wide, Inc. $ 40.2 $ 94.4 $ 37.0 $ (131.4 ) $ 40.2 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Operations and Comprehensive Income For the 24 Weeks Ended June 20, 2015 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ 269.3 $ 1,933.0 $ 373.5 $ (1,314.3 ) $ 1,261.5 Cost of goods sold 201.3 1,627.1 205.6 (1,280.3 ) 753.7 Gross profit 68.0 305.9 167.9 (34.0 ) 507.8 Selling, general and administrative expenses 90.2 215.2 122.4 (33.9 ) 393.9 Restructuring and impairment costs 1.5 1.2 — — 2.7 Operating profit (loss) (23.7 ) 89.5 45.5 (0.1 ) 111.2 Other expenses: Interest expense (income), net 18.4 0.2 (0.1 ) — 18.5 Other expense (income), net 2.2 (0.9 ) (0.5 ) — 0.8 Total other expenses (income) 20.6 (0.7 ) (0.6 ) — 19.3 Earnings (loss) before income taxes (44.3 ) 90.2 46.1 (0.1 ) 91.9 Income taxes (benefit) (17.0 ) 34.6 9.0 — 26.6 Earnings (loss) before equity in earnings of consolidated subsidiaries (27.3 ) 55.6 37.1 (0.1 ) 65.3 Equity in earnings of consolidated subsidiaries 92.7 39.1 62.1 (193.9 ) — Net earnings 65.4 94.7 99.2 (194.0 ) 65.3 Less: net loss attributable to noncontrolling interests — — (0.1 ) — (0.1 ) Net earnings attributable to Wolverine World Wide, Inc. $ 65.4 $ 94.7 $ 99.3 $ (194.0 ) $ 65.4 Comprehensive income $ 59.0 $ 94.7 $ 87.0 $ (182.1 ) $ 58.6 Less: comprehensive loss attributable to noncontrolling interest — — (0.4 ) — (0.4 ) Comprehensive income attributable to Wolverine World Wide, Inc. $ 59.0 $ 94.7 $ 87.4 $ (182.1 ) $ 59.0 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets As of June 18, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 57.9 $ 1.9 $ 161.9 $ — $ 221.7 Accounts receivable, net 7.8 213.5 91.3 — 312.6 Inventories: Finished products, net — 338.8 83.0 — 421.8 Raw materials and work-in-process, net — 4.7 12.8 — 17.5 Total inventories — 343.5 95.8 — 439.3 Prepaid expenses and other current assets 12.0 22.2 12.7 — 46.9 Total current assets 77.7 581.1 361.7 — 1,020.5 Property, plant and equipment: Gross cost 185.5 237.0 32.1 — 454.6 Accumulated depreciation (142.0 ) (147.6 ) (15.7 ) — (305.3 ) Property, plant and equipment, net 43.5 89.4 16.4 — 149.3 Other assets: Goodwill 2.7 353.7 75.5 — 431.9 Indefinite-lived intangibles 3.7 675.4 6.3 — 685.4 Amortizable intangibles, net 0.6 89.9 — — 90.5 Deferred income taxes — — 4.1 — 4.1 Other 46.0 22.1 3.7 — 71.8 Intercompany accounts receivable 22.1 3,286.8 618.3 (3,927.2 ) — Investment in affiliates 3,558.8 902.2 1,031.0 (5,492.0 ) — Total other assets 3,633.9 5,330.1 1,738.9 (9,419.2 ) 1,283.7 Total assets $ 3,755.1 $ 6,000.6 $ 2,117.0 $ (9,419.2 ) $ 2,453.5 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets - continued As of June 18, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 22.4 $ 125.3 $ 25.2 $ — $ 172.9 Accrued salaries and wages 12.2 8.0 6.3 — 26.5 Other accrued liabilities 28.1 49.5 34.3 — 111.9 Current maturities of long-term debt 19.7 — — — 19.7 Total current liabilities 82.4 182.8 65.8 — 331.0 Long-term debt, less current maturities 787.7 0.6 — — 788.3 Accrued pension liabilities 93.0 17.9 — — 110.9 Deferred income taxes (76.4 ) 249.8 1.6 — 175.0 Other liabilities 26.9 17.5 1.9 — 46.3 Intercompany accounts payable 1,846.7 1,568.8 511.7 (3,927.2 ) — Stockholders’ equity: Wolverine World Wide, Inc. stockholders’ equity 994.8 3,963.2 1,528.8 (5,492.0 ) 994.8 Noncontrolling interest — — 7.2 — 7.2 Total stockholders’ equity 994.8 3,963.2 1,536.0 (5,492.0 ) 1,002.0 Total liabilities and stockholders’ equity $ 3,755.1 $ 6,000.6 $ 2,117.0 $ (9,419.2 ) $ 2,453.5 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets As of January 2, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 27.2 $ 2.6 $ 164.3 $ — $ 194.1 Accounts receivable, net 84.8 105.8 108.3 — 298.9 Inventories: Finished products, net (0.8 ) 371.7 77.1 — 448.0 Raw materials and work-in-process, net 0.8 1.8 16.0 — 18.6 Total inventories — 373.5 93.1 — 466.6 Prepaid expenses and other current assets 10.7 24.9 18.6 — 54.2 Total current assets 122.7 506.8 384.3 — 1,013.8 Property, plant and equipment: Gross cost 228.4 170.5 32.6 — 431.5 Accumulated depreciation (178.1 ) (103.6 ) (18.2 ) — (299.9 ) Property, plant and equipment, net 50.3 66.9 14.4 — 131.6 Other assets: Goodwill 2.7 353.3 73.1 — 429.1 Indefinite-lived intangibles 3.8 675.3 6.3 — 685.4 Amortizable intangibles, net 0.6 96.7 — — 97.3 Deferred income taxes — — 3.7 — 3.7 Other 54.1 15.6 3.8 — 73.5 Intercompany accounts receivable 19.8 3,002.0 583.9 (3,605.7 ) — Investment in affiliates 3,388.4 854.0 949.4 (5,191.8 ) — Total other assets 3,469.4 4,996.9 1,620.2 (8,797.5 ) 1,289.0 Total assets $ 3,642.4 $ 5,570.6 $ 2,018.9 $ (8,797.5 ) $ 2,434.4 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets - continued As of January 2, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 37.3 $ 98.7 $ 63.7 $ — $ 199.7 Accrued salaries and wages 17.2 4.3 7.0 — 28.5 Other accrued liabilities 42.6 35.6 30.0 — 108.2 Current maturities of long-term debt 16.9 — — — 16.9 Total current liabilities 114.0 138.6 100.7 — 353.3 Long-term debt, less current maturities 792.3 0.6 — — 792.9 Accrued pension liabilities 91.2 18.4 — — 109.6 Deferred income taxes (75.2 ) 249.8 4.0 — 178.6 Other liabilities 17.0 11.2 2.1 — 30.3 Intercompany accounts payable 1,739.4 1,360.0 506.3 (3,605.7 ) — Stockholders’ equity: Wolverine World Wide, Inc. stockholders’ equity 963.7 3,792.0 1,399.8 (5,191.8 ) 963.7 Noncontrolling interest — — 6.0 — 6.0 Total stockholders’ equity 963.7 3,792.0 1,405.8 (5,191.8 ) 969.7 Total liabilities and stockholders’ equity $ 3,642.4 $ 5,570.6 $ 2,018.9 $ (8,797.5 ) $ 2,434.4 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets As of June 20, 2015 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 60.3 $ 2.3 $ 158.1 $ — $ 220.7 Accounts receivable, net 6.8 222.2 126.3 — 355.3 Inventories: Finished products, net 79.5 277.3 82.4 — 439.2 Raw materials and work-in-process, net (0.4 ) 1.4 12.0 — 13.0 Total inventories 79.1 278.7 94.4 — 452.2 Deferred income taxes 12.8 14.0 1.4 — 28.2 Prepaid expenses and other current assets 62.3 (15.2 ) 4.5 — 51.6 Total current assets 221.3 502.0 384.7 — 1,108.0 Property, plant and equipment: Gross cost 237.2 156.8 35.3 — 429.3 Accumulated depreciation (187.2 ) (81.0 ) (23.8 ) — (292.0 ) Property, plant and equipment, net 50.0 75.8 11.5 — 137.3 Other assets: Goodwill 7.8 353.0 75.7 — 436.5 Indefinite-lived intangibles 3.8 674.9 9.2 — 687.9 Amortizable intangibles, net 0.5 104.7 0.1 — 105.3 Deferred income taxes — — 2.9 — 2.9 Other 51.0 10.1 4.0 — 65.1 Intercompany accounts receivable 22.2 2,560.2 611.5 (3,193.9 ) — Investment in affiliates 3,233.9 1,039.3 967.0 (5,240.2 ) — Total other assets 3,319.2 4,742.2 1,670.4 (8,434.1 ) 1,297.7 Total assets $ 3,590.5 $ 5,320.0 $ 2,066.6 $ (8,434.1 ) $ 2,543.0 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets - continued As of June 20, 2015 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 51.9 $ 89.2 $ 61.0 $ — $ 202.1 Accrued salaries and wages 14.7 5.0 7.1 — 26.8 Other accrued liabilities 36.2 45.4 35.3 — 116.9 Current maturities of long-term debt 45.2 — — — 45.2 Total current liabilities 148.0 139.6 103.4 — 391.0 Long-term debt, less current maturities 775.7 0.6 — — 776.3 Accrued pension liabilities 109.4 20.9 — — 130.3 Deferred income taxes (58.2 ) 274.6 2.9 — 219.3 Other liabilities 14.7 10.4 2.2 — 27.3 Intercompany accounts payable 1,606.2 1,000.5 587.2 (3,193.9 ) — Stockholders’ equity: Wolverine World Wide, Inc. stockholders’ equity 994.7 3,873.4 1,366.8 (5,240.2 ) 994.7 Noncontrolling interest — — 4.1 — 4.1 Total stockholders’ equity 994.7 3,873.4 1,370.9 (5,240.2 ) 998.8 Total liabilities and stockholders’ equity $ 3,590.5 $ 5,320.0 $ 2,066.6 $ (8,434.1 ) $ 2,543.0 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Cash Flow For the 24 Weeks Ended June 18, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ 57.5 $ 18.0 $ (2.7 ) $ — $ 72.8 INVESTING ACTIVITIES Additions to property, plant and equipment (6.2 ) (19.4 ) (2.6 ) (28.2 ) Investment in joint venture — — (0.5 ) (0.5 ) Other 2.0 0.7 — — 2.7 Net cash used in investing activities (4.2 ) (18.7 ) (3.1 ) — (26.0 ) FINANCING ACTIVITIES Payments on long-term debt (2.8 ) — — — (2.8 ) Cash dividends paid (11.8 ) — — — (11.8 ) Purchase of common stock for treasury (6.0 ) — — — (6.0 ) Purchases of shares under employee stock plans (4.3 ) — — — (4.3 ) Proceeds from the exercise of stock options 2.2 — — — 2.2 Excess tax benefits from stock-based compensation 0.1 — — — 0.1 Contributions from noncontrolling interests — — 1.3 — 1.3 Net cash provided by (used in) financing activities (22.6 ) — 1.3 — (21.3 ) Effect of foreign exchange rate changes — — 2.1 — 2.1 Increase (decrease) in cash and cash equivalents 30.7 (0.7 ) (2.4 ) — 27.6 Cash and cash equivalents at beginning of the year 27.2 2.6 164.3 — 194.1 Cash and cash equivalents at end of the period $ 57.9 $ 1.9 $ 161.9 $ — $ 221.7 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Cash Flow For the 24 Weeks Ended June 20, 2015 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ 136.1 $ 3.6 $ (44.8 ) $ — $ 94.9 INVESTING ACTIVITIES Additions to property, plant and equipment (7.6 ) (6.3 ) (1.9 ) — (15.8 ) Other 1.5 1.7 — — 3.2 Net cash used in investing activities (6.1 ) (4.6 ) (1.9 ) — (12.6 ) FINANCING ACTIVITIES Payments on long-term debt (67.7 ) — — — (67.7 ) Cash dividends paid (12.3 ) — — — (12.3 ) Purchase of common stock for treasury (5.9 ) — — — (5.9 ) Purchases of shares under employee stock plans (7.5 ) — — — (7.5 ) Proceeds from the exercise of stock options 8.5 — — — 8.5 Excess tax benefits from stock-based compensation 3.8 — — — 3.8 Net cash used in financing activities (81.1 ) — — — (81.1 ) Effect of foreign exchange rate changes — — (4.3 ) — (4.3 ) Increase (decrease) in cash and cash equivalents 48.9 (1.0 ) (51.0 ) — (3.1 ) Cash and cash equivalents at beginning of the year 11.4 3.3 209.1 — 223.8 Cash and cash equivalents at end of the period $ 60.3 $ 2.3 $ 158.1 $ — $ 220.7

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 18, 2016
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Wolverine World Wide, Inc. (the “Company”) is a leading global designer, manufacturer and marketer of footwear, apparel and accessories. The Company’s portfolio of owned and licensed brands includes: Bates ® , Cat ® , Chaco ® , Harley-Davidson ® , Hush Puppies ® , HyTest ® , Keds ® , Merrell ® , Saucony ® , Sebago ® , Sperry ® , Stride Rite ® and Wolverine ® . Third-party distributors, licensees and joint ventures extend the global reach of the Company’s brand portfolio. The Company also operates a consumer-direct division that markets both its own brands and branded footwear and apparel from other manufacturers, as well as a leathers division that markets Wolverine Performance Leathers™ .
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to the Quarterly Report on Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for a complete presentation of the financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included in the accompanying financial statements. For further information, refer to the consolidated financial statements and footnotes included in the Company’s 2015 Form 10-K.
Revenue Recognition	Revenue Recognition Revenue is recognized on the sale of products manufactured or sourced by the Company when the related goods have been shipped, legal title has passed to the customer and collectability is reasonably assured. Revenue generated through licensees and distributors involving products bearing the Company’s trademarks is recognized as earned according to stated contractual terms upon either the purchase or shipment of branded products by licensees and distributors. Retail store revenue is recognized at time of sale. The Company records provisions for estimated sales returns and allowances at the time of sale based on historical rates of returns and allowances and specific identification of outstanding returns not yet received from customers. However, estimates of actual returns and allowances in any future period are inherently uncertain and actual returns and allowances may differ from these estimates. If actual or expected future returns and allowances were significantly greater or less than established reserves, a reduction or increase to net revenues would be recorded in the period this determination was made.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold includes the actual product costs, including inbound freight charges and certain outbound freight charges, purchasing, sourcing, inspection and receiving costs. Warehousing costs are included in selling, general and administrative expenses.
Seasonality	Seasonality The Company’s business is subject to seasonal influences and the Company’s fiscal year has 12 weeks in each of the first three fiscal quarters and, depending on the fiscal calendar, 16 or 17 weeks in the fourth fiscal quarter. Both of these factors can cause significant differences in revenue, earnings and cash flows from quarter to quarter; however, the differences have followed a consistent pattern in recent years.

Earnings Per Share (Policies)

Earnings Per Share (Policies)	6 Months Ended
	Jun. 18, 2016
Earnings Per Share [Abstract]
Earnings Per Share	The Company calculates earnings per share in accordance with FASB Accounting Standards Codification (“ASC”) Topic 260, Earnings Per Share (“ASC 260”). ASC 260 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share under the two-class method. Under the guidance in ASC 260, the Company’s unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, are participating securities and must be included in the computation of earnings per share pursuant to the two-class method.

Financial Instruments and Ris23

Financial Instruments and Risk Management (Policies)	6 Months Ended
	Jun. 18, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value Measurements and Disclosures	The Company follows FASB ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”), which provides a consistent definition of fair value, focuses on exit price, prioritizes the use of market-based inputs over entity-specific inputs for measuring fair value and establishes a three-tier hierarchy for fair value measurements. ASC 820 requires fair value measurements to be classified and disclosed in one of the following three categories: Level 1: Fair value is measured using quoted prices (unadjusted) in active markets for identical assets and liabilities. Level 2: Fair value is measured using either direct or indirect inputs, other than quoted prices included within Level 1, which are observable for similar assets or liabilities. Level 3: Fair value is measured using valuation techniques in which one or more significant inputs are unobservable.
Derivatives and Hedging	The Company follows ASC 815, which is intended to improve transparency in financial reporting and requires that all derivative instruments be recorded on the consolidated balance sheets at fair value by establishing criteria for designation and effectiveness of hedging relationships.

Stock-Based Compensation (Polic

Stock-Based Compensation (Policies)	6 Months Ended
	Jun. 18, 2016
Share-based Compensation [Abstract]
Stock Based Compensation Policy	Stock-based compensation expense recognized in the consolidated condensed statements of operations and comprehensive income is based on awards ultimately expected to vest and, as such, has been reduced for estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Forfeitures were estimated based on historical experience. The Company estimated the fair value of employee stock options on the date of grant using the Black-Scholes model.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 18, 2016
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share. 12 Weeks Ended 24 Weeks Ended (In millions, except per share data) June 18, June 20, June 18, June 20, Numerator: Net earnings attributable to Wolverine World Wide, Inc. $ 24.0 $ 25.3 $ 41.4 $ 65.4 Adjustment for earnings allocated to non-vested restricted common stock (0.5 ) (0.4 ) (0.9 ) (1.2 ) Net earnings used in calculating basic earnings per share 23.5 24.9 40.5 64.2 Adjustment for earnings reallocated from non-vested restricted common stock — — — 0.1 Net earnings used in calculating diluted earnings per share $ 23.5 $ 24.9 $ 40.5 $ 64.3 Denominator: Weighted average shares outstanding 99.5 103.2 99.4 102.8 Adjustment for non-vested restricted common stock (4.0 ) (3.4 ) (3.8) (3.4) Shares used in calculating basic earnings per share 95.5 99.8 95.6 99.4 Effect of dilutive stock options 0.6 1.8 0.5 1.9 Shares used in calculating diluted earnings per share 96.1 101.6 96.1 101.3 Net earnings per share: Basic $ 0.25 $ 0.25 $ 0.42 $ 0.65 Diluted $ 0.24 $ 0.24 $ 0.42 $ 0.63

Goodwill and Indefinite-Lived26

Goodwill and Indefinite-Lived Intangibles (Tables)	6 Months Ended
	Jun. 18, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the Carrying Amount of Goodwill and Indefinite-Lived Intangibles	The changes in the carrying amount of goodwill and indefinite-lived intangibles are as follows: (In millions) Goodwill Indefinite-lived intangibles Total Balance at January 3, 2015 $ 438.8 $ 690.5 $ 1,129.3 Impairment — (2.6 ) (2.6 ) Foreign currency translation effects (2.3 ) — (2.3 ) Balance at June 20, 2015 $ 436.5 $ 687.9 $ 1,124.4 Balance at January 2, 2016 $ 429.1 $ 685.4 $ 1,114.5 Foreign currency translation effects 2.8 — 2.8 Balance at June 18, 2016 $ 431.9 $ 685.4 $ 1,117.3

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 20, 2015
Accounts Receivable [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	The following is a summary of the stated amount of accounts receivable that was sold as well as fees charged by the financial institution. 12 Weeks Ended 24 Weeks Ended (In millions) June 18, June 20, June 18, June 20, Accounts receivable sold $ 140.2 $ 156.8 $ 298.9 $ 314.1 Fees charged 0.4 0.4 0.8 0.7

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 18, 2016
Debt Disclosure [Abstract]
Schedule of Borrowings	Total debt consists of the following obligations: (In millions) June 18, January 2, June 20, Term Loan A Facility, due July 13, 2020 $ 441.5 $ 444.4 $ 457.5 Public Bonds, 6.125% interest, due October 15, 2020 375.0 375.0 375.0 Capital lease obligation 0.6 0.6 0.6 Unamortized debt issuance costs (9.1 ) (10.2 ) (11.6 ) Total debt $ 808.0 $ 809.8 $ 821.5

Accumulated Other Comprehensi29

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 18, 2016
Equity [Abstract]
Changes in Accumulated Other Comprehensive Income (Loss)	The change in AOCI during the 12 weeks ended June 18, 2016 and June 20, 2015 is as follows: (In millions) Foreign currency translation adjustments Foreign exchange contracts Interest rate swaps Pension adjustments Total Balance of AOCI as of March 28, 2015 $ (34.3 ) $ 13.9 $ (0.3 ) $ (38.5 ) $ (59.2 ) Other comprehensive income (loss) before reclassifications (1) 8.2 (4.6 ) — — 3.6 Amounts reclassified from AOCI — (4.9 ) (2) — 4.9 (4) — Income tax expense (benefit) — 1.5 — (1.8 ) (0.3 ) Net reclassifications — (3.4 ) — 3.1 (0.3 ) Net current-period other comprehensive income (loss) (1) 8.2 (8.0 ) — 3.1 3.3 Balance of AOCI as of June 20, 2015 $ (26.1 ) $ 5.9 $ (0.3 ) $ (35.4 ) $ (55.9 ) Balance of AOCI as of March 26, 2016 $ (42.3 ) $ 3.2 $ (6.4 ) $ (12.0 ) $ (57.5 ) Other comprehensive income (loss) before reclassifications (1) 5.3 (1.4 ) (2.5 ) — 1.4 Amounts reclassified from AOCI — (2.9 ) (2) 0.2 (3) 1.2 (4) (1.5 ) Income tax expense (benefit) — 0.9 (0.1 ) (0.5 ) 0.3 Net reclassifications — (2.0 ) 0.1 0.7 (1.2 ) Net current-period other comprehensive income (loss) (1) 5.3 (3.4 ) (2.4 ) 0.7 0.2 Balance of AOCI as of June 18, 2016 $ (37.0 ) $ (0.2 ) $ (8.8 ) $ (11.3 ) $ (57.3 ) (1) Other comprehensive income (loss) is reported net of taxes and noncontrolling interest. (2) Amounts reclassified are included in cost of goods sold. (3) Amounts reclassified are included in interest expense. (4) Amounts reclassified are included in the computation of net pension expense. The change in AOCI during the 24 weeks ended June 18, 2016 and June 20, 2015 is as follows: (In millions) Foreign currency translation adjustments Foreign exchange contracts Interest rate swap Pension adjustments Total Balance of AOCI as of January 3, 2015 $ (16.9 ) $ 8.6 $ 0.4 $ (41.6 ) $ (49.5 ) Other comprehensive income (loss) before reclassifications (1) (9.2 ) 2.5 (0.7 ) — (7.4 ) Amounts reclassified from AOCI — (7.4 ) (2) — 9.7 (3) 2.3 Income tax expense (benefit) — 2.2 — (3.5 ) (1.3 ) Net reclassifications — (5.2 ) — 6.2 1.0 Net current-period other comprehensive income (loss) (1) (9.2 ) (2.7 ) (0.7 ) 6.2 (6.4 ) Balance of AOCI as of June 20, 2015 $ (26.1 ) $ 5.9 $ (0.3 ) $ (35.4 ) $ (55.9 ) Balance of AOCI as of January 2, 2016 $ (47.3 ) $ 6.4 $ (2.4 ) $ (12.8 ) $ (56.1 ) Other comprehensive income (loss) before reclassifications (1) 10.3 (3.3 ) (6.7 ) — 0.3 Amounts reclassified from AOCI — (4.7 ) (2) 0.5 2.3 (3) (1.9 ) Income tax expense (benefit) — 1.4 (0.2 ) (0.8 ) 0.4 Net reclassifications — (3.3 ) 0.3 1.5 (1.5 ) Net current-period other comprehensive income (loss) (1) 10.3 (6.6 ) (6.4 ) 1.5 (1.2 ) Balance of AOCI as of June 18, 2016 $ (37.0 ) $ (0.2 ) $ (8.8 ) $ (11.3 ) $ (57.3 ) (1) Other comprehensive income (loss) is reported net of taxes and noncontrolling interest. (2) Amounts reclassified are included in cost of goods sold. (3) Amounts reclassified are included in interest expense. (4) Amounts reclassified are included in the computation of net pension expense.

Financial Instruments and Ris30

Financial Instruments and Risk Management (Tables)	6 Months Ended
	Jun. 18, 2016
Investments, All Other Investments [Abstract]
Fair Value, by Balance Sheet Grouping [Table Text Block]	The carrying value and the fair value of the Company’s long-term debt, excluding capital leases, are as follows: (In millions) June 18, 2016 January 2, 2016 June 20, 2015 Carrying value $ 807.4 $ 809.2 $ 820.9 Fair value 849.3 836.3 863.1
Schedule of Derivative Instruments [Table Text Block]	The notional amounts of the Company’s derivative instruments are as follows: (Dollars in millions) June 18, 2016 January 2, 2016 June 20, 2015 Foreign exchange contracts: Hedge contracts $ 193.1 $ 192.6 $ 202.6 Non-hedge contracts 15.0 23.2 — Interest rate swaps (1) 556.3 609.7 364.7 (1) Includes a forward starting interest rate swap with a notional amount of $ 288.8 million , which has an effective date of
Financial Assets and Liabilities Measured at Fair Value in Consolidated Condensed Balance Sheets	The following table sets forth financial assets and liabilities measured at fair value in the consolidated balance sheets and the respective pricing levels to which the fair value measurements are classified within the fair value hierarchy. Fair Value Measurements Quoted Prices With Other Observable Inputs (Level 2) (In millions) June 18, 2016 January 2, 2016 June 20, 2015 Financial assets: Foreign exchange contracts - hedge $ 1.2 $ 6.7 $ 2.4 Foreign exchange contracts - non-hedge — 0.5 — Interest rate swaps — 0.2 — Financial liabilities: Foreign exchange contracts - hedge $ 3.1 $ — $ 2.0 Foreign exchange contracts - non-hedge 0.1 0.1 — Interest rate swaps 13.6 3.9 0.4

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 18, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted-Average Assumptions to Estimated Fair Value of Stock Options Granted	The estimated weighted average fair value for each option granted during the 24 weeks ended June 18, 2016 and June 20, 2015 was $ 3.32 and $ 6.37 , respectively, with the following weighted average assumptions: 24 Weeks Ended June 18, June 20, Expected market price volatility (1) 27.1 % 28.8 % Risk-free interest rate (2) 1.0 % 1.3 % Dividend yield (3) 1.4 % 0.9 % Expected term (4) 4 years 4 years (1) Based on historical volatility of the Company’s common stock. The expected volatility is based on the daily percentage change in the price of the stock over the four years prior to the grant. (2) Represents the U.S. Treasury yield curve in effect for the expected term of the option at the time of grant. (3) Represents the Company’s estimated cash dividend yield for the expected term. (4) Represents the period of time that options granted are expected to be outstanding. As part of the determination of the expected term, the Company concluded that all employee groups exhibit similar exercise and post-vesting termination behavior.

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Jun. 18, 2016
Compensation and Retirement Disclosure [Abstract]
Summary of Net Pension and SERP Expense Recognized	summary of net pension and Supplemental Executive Retirement Plan expense recognized by the Company. 12 Weeks Ended 24 Weeks Ended (In millions) June 18, June 20, June 18, June 20, Service cost pertaining to benefits earned during the period $ 1.5 $ 2.1 $ 3.0 $ 4.2 Interest cost on projected benefit obligations 4.4 4.3 8.8 8.5 Expected return on pension assets (4.7 ) (4.8 ) (9.3 ) (9.5 ) Net amortization loss 1.2 4.9 2.3 9.7 Net pension expense $ 2.4 $ 6.5 $ 4.8 $ 12.9

Litigation and Contingencies (T

Litigation and Contingencies (Tables)	6 Months Ended
	Jun. 18, 2016
Commitments and Contingencies Disclosure [Abstract]
Minimum Royalty and Advertising Obligations Due Under Terms of Certain Licenses Held by Company	Minimum future royalty and advertising obligations for the fiscal periods subsequent to June 18, 2016 under the terms of certain licenses held by the Company are as follows: (In millions) 2016 2017 2018 2019 2020 Thereafter Minimum royalties $ 0.9 $ 2.0 $ 1.4 $ 1.5 $ 1.5 $ — Minimum advertising 2.6 3.2 3.3 3.4 3.5 7.4

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 18, 2016
Segment Reporting [Abstract]
Revenue and Operating Profit by Segment	The following is a summary of certain key financial measures for the respective fiscal periods indicated. All prior period amounts have been restated to reflect the new reportable operating segments. 12 Weeks Ended 24 Weeks Ended (In millions) June 18, June 20, June 18, June 20, Revenue: Wolverine Outdoor & Lifestyle Group $ 203.0 $ 210.3 $ 420.7 $ 441.4 Wolverine Boston Group 218.2 240.7 427.3 475.0 Wolverine Heritage Group 74.2 79.2 146.0 160.6 Wolverine Multi-Brand Group 69.7 81.5 138.1 153.4 Other 18.6 18.4 29.2 31.1 Total $ 583.7 $ 630.1 $ 1,161.3 $ 1,261.5 Operating profit (loss): Wolverine Outdoor & Lifestyle Group $ 34.7 $ 35.9 $ 83.5 $ 90.6 Wolverine Boston Group 30.9 39.3 58.6 76.6 Wolverine Heritage Group 8.3 11.0 16.8 22.8 Wolverine Multi-Brand Group 2.6 4.2 1.2 2.5 Other 1.6 1.1 2.1 2.3 Corporate (36.3 ) (43.9 ) (86.4 ) (83.6 ) Total $ 41.8 $ 47.6 $ 75.8 $ 111.2
Assets and Goodwill by Segment	(In millions) June 18, January 2, June 20, Total assets: Wolverine Outdoor & Lifestyle Group $ 455.8 $ 444.2 $ 466.4 Wolverine Boston Group 1,337.0 1,324.2 1,354.8 Wolverine Heritage Group 148.8 169.9 162.5 Wolverine Multi-Brand Group 189.4 204.3 214.3 Other 28.3 23.9 27.1 Corporate 294.2 267.9 317.9 Total $ 2,453.5 $ 2,434.4 $ 2,543.0 Goodwill: Wolverine Outdoor & Lifestyle Group $ 129.9 $ 130.4 $ 131.9 Wolverine Boston Group 259.5 256.2 262.1 Wolverine Heritage Group 16.5 16.5 16.5 Wolverine Multi-Brand Group 26.0 26.0 26.0 Total $ 431.9 $ 429.1 $ 436.5

Restructuring Activities (Table

Restructuring Activities (Tables)	6 Months Ended
	Jun. 18, 2016
Consumer Direct Operations [Member]
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Costs	(In millions) Severance and employee related Impairment of property and equipment Costs associated with exit or disposal activities Total Balance at January 3, 2015 $ 1.0 $ — $ 6.5 $ 7.5 Restructuring and impairment costs (gain) 1.4 0.3 (1.9 ) (0.2 ) Amounts paid (1.7 ) — (2.9 ) (4.6 ) Charges against assets — (0.3 ) (0.4 ) (0.7 ) Balance at June 20, 2015 $ 0.7 $ — $ 1.3 $ 2.0 Balance at January 2, 2016 $ 2.1 $ — $ 6.5 $ 8.6 Restructuring and impairment costs 1.2 0.2 9.6 11.0 Amounts paid (3.3 ) — (4.7 ) (8.0 ) Charges against assets — (0.2 ) (6.9 ) (7.1 ) Balance at June 18, 2016 $ — $ — $ 4.5 $ 4.5

Subsidiary Guarantors of the 36

Subsidiary Guarantors of the Public Bonds (Tables)	6 Months Ended
	Jun. 18, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Consolidated Condensed Statements of Operations and Comprehensive Income	WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Operations and Comprehensive Income For the 12 Weeks Ended June 18, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 658.1 $ 127.3 $ (201.7 ) $ 583.7 Cost of goods sold 1.8 472.3 66.1 (183.1 ) 357.1 Gross profit (loss) (1.8 ) 185.8 61.2 (18.6 ) 226.6 Selling, general and administrative expenses 21.9 129.3 50.4 (18.6 ) 183.0 Restructuring and impairment costs 0.1 1.6 0.1 — 1.8 Operating profit (loss) (23.8 ) 54.9 10.7 — 41.8 Other expenses: Interest expense (income), net 8.0 (0.1 ) (0.1 ) — 7.8 Other expense, net 0.4 0.3 0.4 — 1.1 Total other expenses (income) 8.4 0.2 0.3 — 8.9 Earnings (loss) before income taxes (32.2 ) 54.7 10.4 — 32.9 Income tax expense (benefit) (12.8 ) 21.5 0.1 — 8.8 Earnings (loss) before equity in earnings of consolidated subsidiaries (19.4 ) 33.2 10.3 — 24.1 Equity in earnings of consolidated subsidiaries 43.4 8.5 1.5 (53.4 ) — Net earnings 24.0 41.7 11.8 (53.4 ) 24.1 Less: net earnings attributable to noncontrolling interest — — 0.1 — 0.1 Net earnings attributable to Wolverine World Wide, Inc. $ 24.0 $ 41.7 $ 11.7 $ (53.4 ) $ 24.0 Comprehensive income $ 24.1 $ 41.7 $ 13.6 $ (55.2 ) $ 24.2 Less: comprehensive income (loss) attributable to noncontrolling interest (0.1 ) — — 0.1 — Comprehensive income attributable to Wolverine World Wide, Inc. $ 24.2 $ 41.7 $ 13.6 $ (55.3 ) $ 24.2 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Operations and Comprehensive Income For the 12 Weeks Ended June 20, 2015 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ 133.5 $ 985.3 $ 182.3 $ (671.0 ) $ 630.1 Cost of goods sold 102.8 830.7 101.7 (651.5 ) 383.7 Gross profit 30.7 154.6 80.6 (19.5 ) 246.4 Selling, general and administrative expenses 43.6 109.2 61.7 (19.4 ) 195.1 Restructuring and impairment costs 1.1 0.6 2.0 — 3.7 Operating profit (loss) (14.0 ) 44.8 16.9 (0.1 ) 47.6 Other expenses: Interest expense, net 8.9 0.1 — — 9.0 Other expense (income), net 2.2 0.3 (0.7 ) — 1.8 Total other expenses (income) 11.1 0.4 (0.7 ) — 10.8 Earnings (loss) before income taxes (25.1 ) 44.4 17.6 (0.1 ) 36.8 Income tax expense (benefit) (10.1 ) 16.8 4.9 — 11.6 Earnings (loss) before equity in earnings of consolidated subsidiaries (15.0 ) 27.6 12.7 (0.1 ) 25.2 Equity in earnings of consolidated subsidiaries 40.3 32.0 7.1 (79.4 ) — Net earnings 25.3 59.6 19.8 (79.5 ) 25.2 Less: net loss attributable to noncontrolling interest — — (0.1 ) — (0.1 ) Net earnings attributable to Wolverine World Wide, Inc. $ 25.3 $ 59.6 $ 19.9 $ (79.5 ) $ 25.3 Comprehensive income $ 28.6 $ 59.6 $ 19.9 $ (79.7 ) $ 28.4 Less: comprehensive loss attributable to noncontrolling interest — — (0.2 ) — (0.2 ) Comprehensive income attributable to Wolverine World Wide, Inc. $ 28.6 $ 59.6 $ 20.1 $ (79.7 ) $ 28.6 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Operations and Comprehensive Income For the 24 Weeks Ended June 18, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ — $ 1,308.7 $ 259.5 $ (406.9 ) $ 1,161.3 Cost of goods sold 3.3 941.3 130.7 (373.3 ) 702.0 Restructuring costs 0.3 3.6 — — 3.9 Gross profit (loss) (3.6 ) 363.8 128.8 (33.6 ) 455.4 Selling, general and administrative expenses 45.4 259.5 95.8 (33.6 ) 367.1 Restructuring and impairment costs 1.6 7.2 3.7 — 12.5 Operating (loss) profit (50.6 ) 97.1 29.3 — 75.8 Other expenses: Interest expense (income), net 16.7 (0.2 ) (0.2 ) — 16.3 Other expense, net 0.4 0.6 — — 1.0 Total other expenses (income) 17.1 0.4 (0.2 ) — 17.3 Earnings (loss) before income taxes (67.7 ) 96.7 29.5 — 58.5 Income taxes (benefit) (26.1 ) 37.3 5.6 — 16.8 Earnings (loss) before equity in earnings of consolidated subsidiaries (41.6 ) 59.4 23.9 — 41.7 Equity in earnings of consolidated subsidiaries 83.0 35.0 9.7 (127.7 ) — Net earnings 41.4 94.4 33.6 (127.7 ) 41.7 Less: net earnings attributable to noncontrolling interests — — 0.3 — 0.3 Net earnings attributable to Wolverine World Wide, Inc. $ 41.4 $ 94.4 $ 33.3 $ (127.7 ) $ 41.4 Comprehensive income $ 39.8 $ 94.4 $ 36.9 $ (131.0 ) $ 40.1 Less: comprehensive loss attributable to noncontrolling interest (0.4 ) — (0.1 ) 0.4 (0.1 ) Comprehensive income attributable to Wolverine World Wide, Inc. $ 40.2 $ 94.4 $ 37.0 $ (131.4 ) $ 40.2 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Operations and Comprehensive Income For the 24 Weeks Ended June 20, 2015 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Revenue $ 269.3 $ 1,933.0 $ 373.5 $ (1,314.3 ) $ 1,261.5 Cost of goods sold 201.3 1,627.1 205.6 (1,280.3 ) 753.7 Gross profit 68.0 305.9 167.9 (34.0 ) 507.8 Selling, general and administrative expenses 90.2 215.2 122.4 (33.9 ) 393.9 Restructuring and impairment costs 1.5 1.2 — — 2.7 Operating profit (loss) (23.7 ) 89.5 45.5 (0.1 ) 111.2 Other expenses: Interest expense (income), net 18.4 0.2 (0.1 ) — 18.5 Other expense (income), net 2.2 (0.9 ) (0.5 ) — 0.8 Total other expenses (income) 20.6 (0.7 ) (0.6 ) — 19.3 Earnings (loss) before income taxes (44.3 ) 90.2 46.1 (0.1 ) 91.9 Income taxes (benefit) (17.0 ) 34.6 9.0 — 26.6 Earnings (loss) before equity in earnings of consolidated subsidiaries (27.3 ) 55.6 37.1 (0.1 ) 65.3 Equity in earnings of consolidated subsidiaries 92.7 39.1 62.1 (193.9 ) — Net earnings 65.4 94.7 99.2 (194.0 ) 65.3 Less: net loss attributable to noncontrolling interests — — (0.1 ) — (0.1 ) Net earnings attributable to Wolverine World Wide, Inc. $ 65.4 $ 94.7 $ 99.3 $ (194.0 ) $ 65.4 Comprehensive income $ 59.0 $ 94.7 $ 87.0 $ (182.1 ) $ 58.6 Less: comprehensive loss attributable to noncontrolling interest — — (0.4 ) — (0.4 ) Comprehensive income attributable to Wolverine World Wide, Inc. $ 59.0 $ 94.7 $ 87.4 $ (182.1 ) $ 59.0
Consolidated Condensed Balance Sheets	WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets As of June 18, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 57.9 $ 1.9 $ 161.9 $ — $ 221.7 Accounts receivable, net 7.8 213.5 91.3 — 312.6 Inventories: Finished products, net — 338.8 83.0 — 421.8 Raw materials and work-in-process, net — 4.7 12.8 — 17.5 Total inventories — 343.5 95.8 — 439.3 Prepaid expenses and other current assets 12.0 22.2 12.7 — 46.9 Total current assets 77.7 581.1 361.7 — 1,020.5 Property, plant and equipment: Gross cost 185.5 237.0 32.1 — 454.6 Accumulated depreciation (142.0 ) (147.6 ) (15.7 ) — (305.3 ) Property, plant and equipment, net 43.5 89.4 16.4 — 149.3 Other assets: Goodwill 2.7 353.7 75.5 — 431.9 Indefinite-lived intangibles 3.7 675.4 6.3 — 685.4 Amortizable intangibles, net 0.6 89.9 — — 90.5 Deferred income taxes — — 4.1 — 4.1 Other 46.0 22.1 3.7 — 71.8 Intercompany accounts receivable 22.1 3,286.8 618.3 (3,927.2 ) — Investment in affiliates 3,558.8 902.2 1,031.0 (5,492.0 ) — Total other assets 3,633.9 5,330.1 1,738.9 (9,419.2 ) 1,283.7 Total assets $ 3,755.1 $ 6,000.6 $ 2,117.0 $ (9,419.2 ) $ 2,453.5 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets - continued As of June 18, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 22.4 $ 125.3 $ 25.2 $ — $ 172.9 Accrued salaries and wages 12.2 8.0 6.3 — 26.5 Other accrued liabilities 28.1 49.5 34.3 — 111.9 Current maturities of long-term debt 19.7 — — — 19.7 Total current liabilities 82.4 182.8 65.8 — 331.0 Long-term debt, less current maturities 787.7 0.6 — — 788.3 Accrued pension liabilities 93.0 17.9 — — 110.9 Deferred income taxes (76.4 ) 249.8 1.6 — 175.0 Other liabilities 26.9 17.5 1.9 — 46.3 Intercompany accounts payable 1,846.7 1,568.8 511.7 (3,927.2 ) — Stockholders’ equity: Wolverine World Wide, Inc. stockholders’ equity 994.8 3,963.2 1,528.8 (5,492.0 ) 994.8 Noncontrolling interest — — 7.2 — 7.2 Total stockholders’ equity 994.8 3,963.2 1,536.0 (5,492.0 ) 1,002.0 Total liabilities and stockholders’ equity $ 3,755.1 $ 6,000.6 $ 2,117.0 $ (9,419.2 ) $ 2,453.5 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets As of January 2, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 27.2 $ 2.6 $ 164.3 $ — $ 194.1 Accounts receivable, net 84.8 105.8 108.3 — 298.9 Inventories: Finished products, net (0.8 ) 371.7 77.1 — 448.0 Raw materials and work-in-process, net 0.8 1.8 16.0 — 18.6 Total inventories — 373.5 93.1 — 466.6 Prepaid expenses and other current assets 10.7 24.9 18.6 — 54.2 Total current assets 122.7 506.8 384.3 — 1,013.8 Property, plant and equipment: Gross cost 228.4 170.5 32.6 — 431.5 Accumulated depreciation (178.1 ) (103.6 ) (18.2 ) — (299.9 ) Property, plant and equipment, net 50.3 66.9 14.4 — 131.6 Other assets: Goodwill 2.7 353.3 73.1 — 429.1 Indefinite-lived intangibles 3.8 675.3 6.3 — 685.4 Amortizable intangibles, net 0.6 96.7 — — 97.3 Deferred income taxes — — 3.7 — 3.7 Other 54.1 15.6 3.8 — 73.5 Intercompany accounts receivable 19.8 3,002.0 583.9 (3,605.7 ) — Investment in affiliates 3,388.4 854.0 949.4 (5,191.8 ) — Total other assets 3,469.4 4,996.9 1,620.2 (8,797.5 ) 1,289.0 Total assets $ 3,642.4 $ 5,570.6 $ 2,018.9 $ (8,797.5 ) $ 2,434.4 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets - continued As of January 2, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 37.3 $ 98.7 $ 63.7 $ — $ 199.7 Accrued salaries and wages 17.2 4.3 7.0 — 28.5 Other accrued liabilities 42.6 35.6 30.0 — 108.2 Current maturities of long-term debt 16.9 — — — 16.9 Total current liabilities 114.0 138.6 100.7 — 353.3 Long-term debt, less current maturities 792.3 0.6 — — 792.9 Accrued pension liabilities 91.2 18.4 — — 109.6 Deferred income taxes (75.2 ) 249.8 4.0 — 178.6 Other liabilities 17.0 11.2 2.1 — 30.3 Intercompany accounts payable 1,739.4 1,360.0 506.3 (3,605.7 ) — Stockholders’ equity: Wolverine World Wide, Inc. stockholders’ equity 963.7 3,792.0 1,399.8 (5,191.8 ) 963.7 Noncontrolling interest — — 6.0 — 6.0 Total stockholders’ equity 963.7 3,792.0 1,405.8 (5,191.8 ) 969.7 Total liabilities and stockholders’ equity $ 3,642.4 $ 5,570.6 $ 2,018.9 $ (8,797.5 ) $ 2,434.4 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets As of June 20, 2015 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 60.3 $ 2.3 $ 158.1 $ — $ 220.7 Accounts receivable, net 6.8 222.2 126.3 — 355.3 Inventories: Finished products, net 79.5 277.3 82.4 — 439.2 Raw materials and work-in-process, net (0.4 ) 1.4 12.0 — 13.0 Total inventories 79.1 278.7 94.4 — 452.2 Deferred income taxes 12.8 14.0 1.4 — 28.2 Prepaid expenses and other current assets 62.3 (15.2 ) 4.5 — 51.6 Total current assets 221.3 502.0 384.7 — 1,108.0 Property, plant and equipment: Gross cost 237.2 156.8 35.3 — 429.3 Accumulated depreciation (187.2 ) (81.0 ) (23.8 ) — (292.0 ) Property, plant and equipment, net 50.0 75.8 11.5 — 137.3 Other assets: Goodwill 7.8 353.0 75.7 — 436.5 Indefinite-lived intangibles 3.8 674.9 9.2 — 687.9 Amortizable intangibles, net 0.5 104.7 0.1 — 105.3 Deferred income taxes — — 2.9 — 2.9 Other 51.0 10.1 4.0 — 65.1 Intercompany accounts receivable 22.2 2,560.2 611.5 (3,193.9 ) — Investment in affiliates 3,233.9 1,039.3 967.0 (5,240.2 ) — Total other assets 3,319.2 4,742.2 1,670.4 (8,434.1 ) 1,297.7 Total assets $ 3,590.5 $ 5,320.0 $ 2,066.6 $ (8,434.1 ) $ 2,543.0 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Balance Sheets - continued As of June 20, 2015 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 51.9 $ 89.2 $ 61.0 $ — $ 202.1 Accrued salaries and wages 14.7 5.0 7.1 — 26.8 Other accrued liabilities 36.2 45.4 35.3 — 116.9 Current maturities of long-term debt 45.2 — — — 45.2 Total current liabilities 148.0 139.6 103.4 — 391.0 Long-term debt, less current maturities 775.7 0.6 — — 776.3 Accrued pension liabilities 109.4 20.9 — — 130.3 Deferred income taxes (58.2 ) 274.6 2.9 — 219.3 Other liabilities 14.7 10.4 2.2 — 27.3 Intercompany accounts payable 1,606.2 1,000.5 587.2 (3,193.9 ) — Stockholders’ equity: Wolverine World Wide, Inc. stockholders’ equity 994.7 3,873.4 1,366.8 (5,240.2 ) 994.7 Noncontrolling interest — — 4.1 — 4.1 Total stockholders’ equity 994.7 3,873.4 1,370.9 (5,240.2 ) 998.8 Total liabilities and stockholders’ equity $ 3,590.5 $ 5,320.0 $ 2,066.6 $ (8,434.1 ) $ 2,543.0
Consolidated Condensed Statements of Cash Flow	WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Cash Flow For the 24 Weeks Ended June 18, 2016 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ 57.5 $ 18.0 $ (2.7 ) $ — $ 72.8 INVESTING ACTIVITIES Additions to property, plant and equipment (6.2 ) (19.4 ) (2.6 ) (28.2 ) Investment in joint venture — — (0.5 ) (0.5 ) Other 2.0 0.7 — — 2.7 Net cash used in investing activities (4.2 ) (18.7 ) (3.1 ) — (26.0 ) FINANCING ACTIVITIES Payments on long-term debt (2.8 ) — — — (2.8 ) Cash dividends paid (11.8 ) — — — (11.8 ) Purchase of common stock for treasury (6.0 ) — — — (6.0 ) Purchases of shares under employee stock plans (4.3 ) — — — (4.3 ) Proceeds from the exercise of stock options 2.2 — — — 2.2 Excess tax benefits from stock-based compensation 0.1 — — — 0.1 Contributions from noncontrolling interests — — 1.3 — 1.3 Net cash provided by (used in) financing activities (22.6 ) — 1.3 — (21.3 ) Effect of foreign exchange rate changes — — 2.1 — 2.1 Increase (decrease) in cash and cash equivalents 30.7 (0.7 ) (2.4 ) — 27.6 Cash and cash equivalents at beginning of the year 27.2 2.6 164.3 — 194.1 Cash and cash equivalents at end of the period $ 57.9 $ 1.9 $ 161.9 $ — $ 221.7 WOLVERINE WORLD WIDE, INC. AND SUBSIDIARIES Consolidated Condensed Statements of Cash Flow For the 24 Weeks Ended June 20, 2015 (Unaudited) (In millions) Parent Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities $ 136.1 $ 3.6 $ (44.8 ) $ — $ 94.9 INVESTING ACTIVITIES Additions to property, plant and equipment (7.6 ) (6.3 ) (1.9 ) — (15.8 ) Other 1.5 1.7 — — 3.2 Net cash used in investing activities (6.1 ) (4.6 ) (1.9 ) — (12.6 ) FINANCING ACTIVITIES Payments on long-term debt (67.7 ) — — — (67.7 ) Cash dividends paid (12.3 ) — — — (12.3 ) Purchase of common stock for treasury (5.9 ) — — — (5.9 ) Purchases of shares under employee stock plans (7.5 ) — — — (7.5 ) Proceeds from the exercise of stock options 8.5 — — — 8.5 Excess tax benefits from stock-based compensation 3.8 — — — 3.8 Net cash used in financing activities (81.1 ) — — — (81.1 ) Effect of foreign exchange rate changes — — (4.3 ) — (4.3 ) Increase (decrease) in cash and cash equivalents 48.9 (1.0 ) (51.0 ) — (3.1 ) Cash and cash equivalents at beginning of the year 11.4 3.3 209.1 — 223.8 Cash and cash equivalents at end of the period $ 60.3 $ 2.3 $ 158.1 $ — $ 220.7

Earnings Per Share (Computation

Earnings Per Share (Computation of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015	Jun. 18, 2016	Jun. 20, 2015
Numerator:
Net earnings attributable to Wolverine World Wide, Inc.	$ 24	$ 25.3	$ 41.4	$ 65.4
Adjustment for earnings allocated to non-vested restricted common stock	(0.5)	(0.4)	(0.9)	(1.2)
Net earnings used in calculating basic earnings per share	23.5	24.9	40.5	64.2
Adjustment for earnings reallocated from non-vested restricted common stock	0	0	0	0.1
Net earnings used in calculating diluted earnings per share	$ 23.5	$ 24.9	$ 40.5	$ 64.3
Denominator:
Weighted average shares outstanding	99.5	103.2	99.4	102.8
Adjustment for non-vested restricted common stock	(4)	(3.4)	(3.8)	(3.4)
Shares used in calculating basic earnings per share	95.5	99.8	95.6	99.4
Effect of dilutive stock options	0.6	1.8	0.5	1.9
Shares used in calculating diluted earnings per share	96.1	101.6	96.1	101.3
Net earnings per share:
Basic	$ 0.25	$ 0.25	$ 0.42	$ 0.65
Diluted	$ 0.24	$ 0.24	$ 0.42	$ 0.63

Earnings Per Share (Additional

Earnings Per Share (Additional Information) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015	Jun. 18, 2016	Jun. 20, 2015
Earnings Per Share [Abstract]
Anti-dilutive stock options	5,587,283	1,637,793	5,717,179	1,382,502

Goodwill and Indefinite-Lived39

Goodwill and Indefinite-Lived Intangibles (Changes in the Carrying Amount of Goodwill and Indefinite-Lived Intangibles) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015
Goodwill [Roll Forward]
Goodwill, Beginning balance	$ 429.1	$ 438.8
Foreign currency translation effects	2.8	(2.3)
Goodwill, Ending balance	431.9	436.5
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived Intangibles, Beginning balance	685.4	690.5
Impairment		(2.6)
Indefinite-lived Intangibles, Ending balance	685.4	687.9
Goodwill and Indefinite-lived Intangible Assets [Roll Forward]
Goodwill and Indefinite-lived Intangibles, Beginning balance	1,114.5	1,129.3
Goodwill and Intangible Asset Impairment		(2.6)
Goodwill and Indefinite-lived Intangibles, Foreign currency translation effects	2.8	(2.3)
Goodwill and Indefinite-lived Intangibles, Ending balance	$ 1,117.3	$ 1,124.4

Goodwill and Indefinite-Lived40

Goodwill and Indefinite-Lived Intangibles Additional Information (Details) - USD ($) $ in Millions	Jun. 18, 2016	Jan. 02, 2016	Jun. 20, 2015	Jan. 03, 2015
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangibles	$ 685.4	$ 685.4	$ 687.9	$ 690.5
Sperry [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangibles	586.8
Stride Rite [Member]
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangibles	$ 15

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015	Jun. 18, 2016	Jun. 20, 2015	Jan. 02, 2016
Accounts Receivables [Abstract]
Sale of accounts receivable, maximum amount under agreement	$ 200		$ 200
Sale of accounts receivable percent paid at sale	90.00%		90.00%
Accounts receivable, reduction due to sale	$ 76.5	$ 82.6	$ 76.5	$ 82.6	$ 77.6
Accounts receivable sold	140.2	156.8	298.9	314.1
Fee charged on sale of accounts receivable	$ 0.4	$ 0.4	$ 0.8	$ 0.7

Debt (Schedule of Borrowings) (

Debt (Schedule of Borrowings) (Details) - USD ($) $ in Millions	Jun. 18, 2016	Jan. 02, 2016	Jun. 20, 2015
Debt Instrument [Line Items]
Capital lease obligations	$ 0.6	$ 0.6	$ 0.6
Unamortized debt issuance costs	(9.1)	(10.2)	(11.6)
Total debt	808	809.8	821.5
Term Loan A [Member] | July Thirteenth Two Thousand Twenty [Member]
Debt Instrument [Line Items]
Long-term debt	441.5	444.4	457.5
Public Bonds [Member] | October Fifteen Two Thousand Twenty [Member]
Debt Instrument [Line Items]
Long-term debt	$ 375	$ 375	$ 375

Debt (Additional Information) (

Debt (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015	Jun. 18, 2016	Jun. 20, 2015	Jan. 02, 2016
Debt Instrument [Line Items]
Amortization of deferred financing costs	$ 0.7	$ 1	$ 1.4	$ 2
Maximum [Member]
Debt Instrument [Line Items]
Aggregate principal amount debt instrument	1,425		$ 1,425
Alternative Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			1.00%
Alternative Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			0.25%
Euro Currency Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			2.00%
Euro Currency Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate			1.25%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Aggregate principal amount debt instrument	500		$ 500
Outstanding letters of credit	2.6	3.6	2.6	3.6	$ 3.8
Foreign Currency Subfacility [Member]
Debt Instrument [Line Items]
Revolving credit facility amount	200		200
Swingline Subfacility [Member]
Debt Instrument [Line Items]
Revolving credit facility amount	50		50
Letter of Credit Subfacility [Member]
Debt Instrument [Line Items]
Revolving credit facility amount	50		50
Foreign Line of Credit [Member]
Debt Instrument [Line Items]
Revolving credit facility amount	7		7
Borrowings under revolving credit agreement	0	$ 0	0	$ 0	$ 0
Public Bonds [Member]
Debt Instrument [Line Items]
Aggregate principal amount debt instrument	$ 375		$ 375
Interest rate	6.125%		6.125%
July Thirteenth Two Thousand Twenty [Member] | Term Loan A [Member]
Debt Instrument [Line Items]
Aggregate principal amount debt instrument	$ 450		$ 450
Weighted average interest rate	2.27%		2.27%

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Income (Changes in Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Jun. 18, 2016		Jun. 20, 2015	Jun. 18, 2016		Jun. 20, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance AOCI		$ (57.5)		$ (59.2)	$ (56.1)		$ (49.5)
Other comprehensive income (loss) before reclassifications	[1]	1.4		3.6	0.3		(7.4)
Amounts reclassified from AOCI		(1.5)		0	(1.9)		2.3
Income tax expense (benefit)		0.3		(0.3)	0.4		(1.3)
Net reclassifications		(1.2)		(0.3)	(1.5)		1
Other comprehensive income (loss)	[1]	0.2		3.3	(1.2)		(6.4)
Ending balance AOCI		(57.3)		(55.9)	(57.3)		(55.9)
Foreign exchange contracts [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance AOCI		3.2		13.9	6.4		8.6
Other comprehensive income (loss) before reclassifications	[1]	(1.4)		(4.6)	(3.3)		2.5
Amounts reclassified from AOCI	[2]	(2.9)		(4.9)	(4.7)		(7.4)
Income tax expense (benefit)		0.9		1.5	1.4		2.2
Net reclassifications		(2)		(3.4)	(3.3)		(5.2)
Other comprehensive income (loss)	[1]	(3.4)		(8)	(6.6)		(2.7)
Ending balance AOCI		(0.2)		5.9	(0.2)		5.9
Interest rate swaps [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance AOCI		(6.4)		(0.3)	(2.4)		0.4
Other comprehensive income (loss) before reclassifications	[1]	(2.5)		0	(6.7)		(0.7)
Amounts reclassified from AOCI		0.2	[3]	0	0.5	[3]	0
Income tax expense (benefit)		(0.1)		0	(0.2)		0
Net reclassifications		0.1		0	0.3		0
Other comprehensive income (loss)	[1]	(2.4)		0	(6.4)		(0.7)
Ending balance AOCI		(8.8)		(0.3)	(8.8)		(0.3)
Foreign currency translation adjustments [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance AOCI		(42.3)		(34.3)	(47.3)		(16.9)
Other comprehensive income (loss) before reclassifications	[1]	5.3		8.2	10.3		(9.2)
Amounts reclassified from AOCI		0		0	0		0
Income tax expense (benefit)		0		0	0		0
Net reclassifications		0		0	0		0
Other comprehensive income (loss)	[1]	5.3		8.2	10.3		(9.2)
Ending balance AOCI		(37)		(26.1)	(37)		(26.1)
Pension adjustments [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance AOCI		(12)		(38.5)	(12.8)		(41.6)
Other comprehensive income (loss) before reclassifications	[1]	0		0	0		0
Amounts reclassified from AOCI	[4]	1.2		4.9	2.3		9.7
Income tax expense (benefit)		(0.5)		(1.8)	(0.8)		(3.5)
Net reclassifications		0.7		3.1	1.5		6.2
Other comprehensive income (loss)	[1]	0.7		3.1	1.5		6.2
Ending balance AOCI		$ (11.3)		$ (35.4)	$ (11.3)		$ (35.4)
[1]	Other comprehensive income (loss) is reported net of taxes and noncontrolling interest.
[2]	Amounts reclassified are included in cost of goods sold.
[3]	Amounts reclassified are included in interest expense.
[4]	Amounts reclassified are included in the computation of net pension expense.

Financial Instruments and Ris45

Financial Instruments and Risk Management (Fair Value of Debt) (Details) - USD ($) $ in Millions	Jun. 18, 2016	Jan. 02, 2016	Jun. 20, 2015
Fair Value Disclosures [Abstract]
Long-term debt, including current maturities, excluding capital leases	$ 807.4	$ 809.2	$ 820.9
Fair value, long-term debt, including current maturities	$ 849.3	$ 836.3	$ 863.1

Financial Instruments and Ris46

Financial Instruments and Risk Management (Additional Information) (Details) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 18, 2016USD ($)	Jun. 20, 2015USD ($)	Jan. 02, 2016USD ($)
Interest rate swaps [Member]
Financial Instruments And Derivatives [Line Items]
Number of interest rate swap agreements	2
Financial instrument expiration date	Oct. 6, 2017
Notional amount	$ 556.3	$ 364.7	$ 609.7
Foreign exchange contracts [Member]
Financial Instruments And Derivatives [Line Items]
Maximum remaining maturity of foreign currency derivatives	363 days	356 days	349 days
Interest Rate Swap Forward Starting [Member]
Financial Instruments And Derivatives [Line Items]
Financial instrument expiration date	Jul. 13, 2020
Notional amount	$ 288.8
Derivative, effective date	Oct. 17, 2016

Financial Instruments and Ris47

Financial Instruments and Risk Management (Derivative Notional Amounts) (Details) - USD ($) $ in Millions	Jun. 18, 2016	Jan. 02, 2016	Jun. 20, 2015
Foreign exchange contracts [Member] | Hedge [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 193.1	$ 192.6	$ 202.6
Foreign exchange contracts [Member] | Non-hedge [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	15	23.2	0
Interest rate swaps [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 556.3	$ 609.7	$ 364.7

Financial Instruments and Ris48

Financial Instruments and Risk Management (Financial Assets and Liabilities Measured at Fair Value) (Details) - Quoted Prices with Other Observable Inputs (Level 2) [Member] - USD ($) $ in Millions	Jun. 18, 2016	Jan. 02, 2016	Jun. 20, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps asset	$ 0	$ 0.2	$ 0
Interest rate swaps liability	13.6	3.9	0.4
Hedge [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange contracts asset	1.2	6.7	2.4
Foreign exchange contracts liability	3.1	0	2
Non-hedge [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign exchange contracts asset	0	0.5	0
Foreign exchange contracts liability	$ 0.1	$ 0.1	$ 0

Stock-Based Compensation (Addit

Stock-Based Compensation (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015	Jun. 18, 2016	Jun. 20, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation expense	$ 3.9	$ 7.4	$ 11.5	$ 14.1
Related income tax benefits on share based compensation	$ 1.3	$ 2.5	$ 3.9	$ 4.7
Common stock issued in connection with new restricted stock grants and exercise of stock options	54,004	191,470	2,144,157	1,938,006
Common stock cancelled as result of forfeitures	153,539	60,991	591,792	204,001

Stock-Based Compensation (Stock

Stock-Based Compensation (Stock Option Assumptions) (Details) - $ / shares		6 Months Ended
		Jun. 18, 2016	Jun. 20, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted-average fair values of options granted		$ 3.32	$ 6.37
Expected market price volatility	[1]	27.10%	28.80%
Risk-free interest rate	[2]	1.00%	1.30%
Dividend yield	[3]	1.40%	0.90%
Expected term	[4]	4 years	4 years
Expected term, Historical volatility term		4 years	4 years
[1]	Based on historical volatility of the Company’s common stock. The expected volatility is based on the daily percentage change in the price of the stock over the four years prior to the grant.
[2]	Represents the U.S. Treasury yield curve in effect for the expected term of the option at the time of grant.
[3]	Represents the Company’s estimated cash dividend yield for the expected term.
[4]	Represents the period of time that options granted are expected to be outstanding. As part of the determination of the expected term, the Company concluded that all employee groups exhibit similar exercise and post-vesting termination behavior.

Retirement Plans (Summary of Ne

Retirement Plans (Summary of Net Pension and Supplemental Executive Retirement Plan Expense Recognized) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015	Jun. 18, 2016	Jun. 20, 2015
Compensation and Retirement Disclosure [Abstract]
Service cost pertaining to benefits earned during the period	$ 1.5	$ 2.1	$ 3	$ 4.2
Interest cost on projected benefit obligations	4.4	4.3	8.8	8.5
Expected return on pension assets	(4.7)	(4.8)	(9.3)	(9.5)
Net amortization loss	1.2	4.9	2.3	9.7
Net pension expense	$ 2.4	$ 6.5	$ 4.8	$ 12.9

Income Taxes (Additional Inform

Income Taxes (Additional Information) (Details)	3 Months Ended		6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015	Jun. 18, 2016	Jun. 20, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	26.70%	31.40%	28.80%	28.90%

Litigation and Contingencies (M

Litigation and Contingencies (Minimum Royalty and Advertising Obligations Due Under Terms of Certain Licenses Held by Company) (Details) $ in Millions	Jun. 18, 2016USD ($)
Royalties [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
2,016	$ 0.9
2,017	2
2,018	1.4
2,019	1.5
2,020	1.5
Thereafter	0
Advertising [Member]
Unrecorded Unconditional Purchase Obligation [Line Items]
2,016	2.6
2,017	3.2
2,018	3.3
2,019	3.4
2,020	3.5
Thereafter	$ 7.4

Litigation and Contingencies (A

Litigation and Contingencies (Additional Information) (Details) - Licensing agreements [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015	Jun. 18, 2016	Jun. 20, 2015
Long-term Purchase Commitment [Line Items]
Royalty expense, licensing agreements	$ 0.5	$ 0.4	$ 0.9	$ 0.9
Advertising expense, licensing agreements	$ 0.9	$ 1	$ 1.6	$ 1.8

Business Segments (Additional I

Business Segments (Additional Information) (Details)	6 Months Ended
	Jun. 18, 2016Segment
Segment Reporting [Abstract]
Number of operating segments	4

Business Segments (Revenue and

Business Segments (Revenue and Operating Profit by Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015	Jun. 18, 2016	Jun. 20, 2015
Segment Reporting Information [Line Items]
Revenue	$ 583.7	$ 630.1	$ 1,161.3	$ 1,261.5
Operating profit (loss)	41.8	47.6	75.8	111.2
Wolverine Outdoor and Lifestyle Group [Member]
Segment Reporting Information [Line Items]
Revenue	203	210.3	420.7	441.4
Operating profit (loss)	34.7	35.9	83.5	90.6
Wolverine Boston Group [Member]
Segment Reporting Information [Line Items]
Revenue	218.2	240.7	427.3	475
Operating profit (loss)	30.9	39.3	58.6	76.6
Wolverine Heritage Group [Member]
Segment Reporting Information [Line Items]
Revenue	74.2	79.2	146	160.6
Operating profit (loss)	8.3	11	16.8	22.8
Wolverine Multi-Brand Group [Member]
Segment Reporting Information [Line Items]
Revenue	69.7	81.5	138.1	153.4
Operating profit (loss)	2.6	4.2	1.2	2.5
Other [Member]
Segment Reporting Information [Line Items]
Revenue	18.6	18.4	29.2	31.1
Operating profit (loss)	1.6	1.1	2.1	2.3
Corporate [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)	$ (36.3)	$ (43.9)	$ (86.4)	$ (83.6)

Business Segments (Assets and G

Business Segments (Assets and Goodwill by Segment) (Details) - USD ($) $ in Millions	Jun. 18, 2016	Jan. 02, 2016	Jun. 20, 2015	Jan. 03, 2015
Segment Reporting Information [Line Items]
Total assets	$ 2,453.5	$ 2,434.4	$ 2,543
Goodwill	431.9	429.1	436.5	$ 438.8
Wolverine Outdoor and Lifestyle Group [Member]
Segment Reporting Information [Line Items]
Total assets	455.8	444.2	466.4
Goodwill	129.9	130.4	131.9
Wolverine Boston Group [Member]
Segment Reporting Information [Line Items]
Total assets	1,337	1,324.2	1,354.8
Goodwill	259.5	256.2	262.1
Wolverine Heritage Group [Member]
Segment Reporting Information [Line Items]
Total assets	148.8	169.9	162.5
Goodwill	16.5	16.5	16.5
Wolverine Multi-Brand Group [Member]
Segment Reporting Information [Line Items]
Total assets	189.4	204.3	214.3
Goodwill	26	26	26
Other [Member]
Segment Reporting Information [Line Items]
Total assets	28.3	23.9	27.1
Corporate [Member]
Segment Reporting Information [Line Items]
Total assets	$ 294.2	$ 267.9	$ 317.9

Restructuring Activities (Restr

Restructuring Activities (Restructuring Rollforward) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015	Jun. 18, 2016	Jun. 20, 2015
Restructuring Reserve [Roll Forward]
Restructuring costs	$ 0	$ 0	$ 3.9	$ 0
Restructuring and impairment costs	1.8	3.7	12.5	2.7
Amounts paid			(9.3)	(4.6)
Consumer Direct Operations [Member]
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			8.6	7.5
Restructuring and impairment costs			11	(0.2)
Amounts paid			(8)	(4.6)
Charges against assets			(7.1)	(0.7)
Restructuring reserve, ending balance	4.5	2	4.5	2
Consumer Direct Operations [Member] | Severance and employee related [Member]
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			2.1	1
Restructuring and impairment costs			1.2	1.4
Amounts paid			(3.3)	(1.7)
Restructuring reserve, ending balance	0	0.7	0	0.7
Consumer Direct Operations [Member] | Impairment of property and equipment [Member]
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			0	0
Restructuring and impairment costs			0.2	0.3
Amounts paid			0	0
Charges against assets			(0.2)	(0.3)
Restructuring reserve, ending balance	0	0	0	0
Consumer Direct Operations [Member] | Exit or disposal activities [Member]
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			6.5	6.5
Restructuring and impairment costs			9.6	(1.9)
Amounts paid			(4.7)	(2.9)
Charges against assets			(6.9)	(0.4)
Restructuring reserve, ending balance	$ 4.5	$ 1.3	$ 4.5	$ 1.3

Restructuring Activities (Addit

Restructuring Activities (Additional Information) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 18, 2016USD ($)	Jun. 20, 2015USD ($)	Jun. 18, 2016USD ($)	Jun. 20, 2015USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment costs	$ 1.8	$ 3.7	$ 12.5	$ 2.7
Consumer Direct Operations [Member]
Restructuring Cost and Reserve [Line Items]
Cumulative restructuring costs incurred	49.5		$ 49.5
Number of retail stores closed			136
Non-cash charges			$ 23
Estimated annualized pretax benefit			16
Restructuring and impairment costs			11	(0.2)
Consumer Direct Operations [Member] | Cost of goods sold [Member]
Restructuring Cost and Reserve [Line Items]
Cumulative restructuring costs incurred	6.5		6.5
Consumer Direct Operations [Member] | Selling, general and administrative expenses [Member]
Restructuring Cost and Reserve [Line Items]
Cumulative restructuring costs incurred	43		43
Organizational Changes [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment costs			5.1
Brand Discontinuation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment costs			0.3	2.9
Impairment of property and equipment [Member] | Consumer Direct Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and impairment costs			0.2	$ 0.3
Maximum [Member] | Organizational Changes [Member]
Restructuring Cost and Reserve [Line Items]
Estimated restructuring costs remaining	6		6
Minimum [Member] | Organizational Changes [Member]
Restructuring Cost and Reserve [Line Items]
Estimated restructuring costs remaining	$ 5		$ 5

Subsidiary Guarantors of the 60

Subsidiary Guarantors of the Public Bonds (Additional Information) (Details)	Jun. 18, 2016
Condensed Financial Information of Parent Company [Abstract]
Ownership percentage of subsidiaries by parent	100.00%

Subsidiary Guarantors of the 61

Subsidiary Guarantors of the Public Bonds (Consolidated Condensed Statements of Operations and Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015	Jun. 18, 2016	Jun. 20, 2015
Condensed Income Statements, Captions [Line Items]
Revenue	$ 583.7	$ 630.1	$ 1,161.3	$ 1,261.5
Cost of goods sold	357.1	383.7	702	753.7
Restructuring costs	0	0	3.9	0
Gross profit	226.6	246.4	455.4	507.8
Selling, general and administrative expenses	183	195.1	367.1	393.9
Restructuring and impairment costs	1.8	3.7	12.5	2.7
Operating Income (Loss)	41.8	47.6	75.8	111.2
Other expenses:
Interest expense (income), net	7.8	9	16.3	18.5
Other expense (income), net	1.1	1.8	1	0.8
Total other expenses (income)	8.9	10.8	17.3	19.3
Earnings (loss) before income taxes	32.9	36.8	58.5	91.9
Income tax expense (benefit)	8.8	11.6	16.8	26.6
Earnings (loss) before equity in earnings of consolidated subsidiaries	24.1	25.2	41.7	65.3
Net earnings	24.1	25.2	41.7	65.3
Less: net earnings (loss) attributable to noncontrolling interests	0.1	(0.1)	0.3	(0.1)
Net earnings attributable to Wolverine World Wide, Inc.	24	25.3	41.4	65.4
Comprehensive income	24.2	28.4	40.1	58.6
Less: comprehensive income (loss) attributable to noncontrolling interest	0	(0.2)	(0.1)	(0.4)
Comprehensive income attributable to Wolverine World Wide, Inc.	24.2	28.6	40.2	59
Parent [Member]
Condensed Income Statements, Captions [Line Items]
Revenue	0	133.5	0	269.3
Cost of goods sold	1.8	102.8	3.3	201.3
Restructuring costs			0.3
Gross profit	(1.8)	30.7	(3.6)	68
Selling, general and administrative expenses	21.9	43.6	45.4	90.2
Restructuring and impairment costs	0.1	1.1	1.6	1.5
Operating Income (Loss)	(23.8)	(14)	(50.6)	(23.7)
Other expenses:
Interest expense (income), net	8	8.9	16.7	18.4
Other expense (income), net	0.4	2.2	0.4	2.2
Total other expenses (income)	8.4	11.1	17.1	20.6
Earnings (loss) before income taxes	(32.2)	(25.1)	(67.7)	(44.3)
Income tax expense (benefit)	(12.8)	(10.1)	(26.1)	(17)
Earnings (loss) before equity in earnings of consolidated subsidiaries	(19.4)	(15)	(41.6)	(27.3)
Equity in earnings (loss) of consolidated subsidiaries	43.4	40.3	83	92.7
Net earnings	24	25.3	41.4	65.4
Net earnings attributable to Wolverine World Wide, Inc.	24	25.3	41.4	65.4
Comprehensive income	24.1	28.6	39.8	59
Less: comprehensive income (loss) attributable to noncontrolling interest	(0.1)		(0.4)
Comprehensive income attributable to Wolverine World Wide, Inc.	24.2	28.6	40.2	59
Subsidiary Guarantors [Member]
Condensed Income Statements, Captions [Line Items]
Revenue	658.1	985.3	1,308.7	1,933
Cost of goods sold	472.3	830.7	941.3	1,627.1
Restructuring costs			3.6
Gross profit	185.8	154.6	363.8	305.9
Selling, general and administrative expenses	129.3	109.2	259.5	215.2
Restructuring and impairment costs	1.6	0.6	7.2	1.2
Operating Income (Loss)	54.9	44.8	97.1	89.5
Other expenses:
Interest expense (income), net	(0.1)	0.1	(0.2)	0.2
Other expense (income), net	0.3	0.3	0.6	(0.9)
Total other expenses (income)	0.2	0.4	0.4	(0.7)
Earnings (loss) before income taxes	54.7	44.4	96.7	90.2
Income tax expense (benefit)	21.5	16.8	37.3	34.6
Earnings (loss) before equity in earnings of consolidated subsidiaries	33.2	27.6	59.4	55.6
Equity in earnings (loss) of consolidated subsidiaries	8.5	32	35	39.1
Net earnings	41.7	59.6	94.4	94.7
Net earnings attributable to Wolverine World Wide, Inc.	41.7	59.6	94.4	94.7
Comprehensive income	41.7	59.6	94.4	94.7
Comprehensive income attributable to Wolverine World Wide, Inc.	41.7	59.6	94.4	94.7
Non-Guarantor Subsidiaries [Member]
Condensed Income Statements, Captions [Line Items]
Revenue	127.3	182.3	259.5	373.5
Cost of goods sold	66.1	101.7	130.7	205.6
Gross profit	61.2	80.6	128.8	167.9
Selling, general and administrative expenses	50.4	61.7	95.8	122.4
Restructuring and impairment costs	0.1	2	3.7
Operating Income (Loss)	10.7	16.9	29.3	45.5
Other expenses:
Interest expense (income), net	(0.1)		(0.2)	(0.1)
Other expense (income), net	0.4	(0.7)		(0.5)
Total other expenses (income)	0.3	(0.7)	(0.2)	(0.6)
Earnings (loss) before income taxes	10.4	17.6	29.5	46.1
Income tax expense (benefit)	0.1	4.9	5.6	9
Earnings (loss) before equity in earnings of consolidated subsidiaries	10.3	12.7	23.9	37.1
Equity in earnings (loss) of consolidated subsidiaries	1.5	7.1	9.7	62.1
Net earnings	11.8	19.8	33.6	99.2
Less: net earnings (loss) attributable to noncontrolling interests	0.1	(0.1)	0.3	(0.1)
Net earnings attributable to Wolverine World Wide, Inc.	11.7	19.9	33.3	99.3
Comprehensive income	13.6	19.9	36.9	87
Less: comprehensive income (loss) attributable to noncontrolling interest		(0.2)	(0.1)	(0.4)
Comprehensive income attributable to Wolverine World Wide, Inc.	13.6	20.1	37	87.4
Eliminations [Member]
Condensed Income Statements, Captions [Line Items]
Revenue	(201.7)	(671)	(406.9)	(1,314.3)
Cost of goods sold	(183.1)	(651.5)	(373.3)	(1,280.3)
Gross profit	(18.6)	(19.5)	(33.6)	(34)
Selling, general and administrative expenses	(18.6)	(19.4)	(33.6)	(33.9)
Operating Income (Loss)		(0.1)		(0.1)
Other expenses:
Earnings (loss) before income taxes		(0.1)		(0.1)
Earnings (loss) before equity in earnings of consolidated subsidiaries		(0.1)		(0.1)
Equity in earnings (loss) of consolidated subsidiaries	(53.4)	(79.4)	(127.7)	(193.9)
Net earnings	(53.4)	(79.5)	(127.7)	(194)
Net earnings attributable to Wolverine World Wide, Inc.	(53.4)	(79.5)	(127.7)	(194)
Comprehensive income	(55.2)	(79.7)	(131)	(182.1)
Less: comprehensive income (loss) attributable to noncontrolling interest	0.1		0.4
Comprehensive income attributable to Wolverine World Wide, Inc.	$ (55.3)	$ (79.7)	$ (131.4)	$ (182.1)

Subsidiary Guarantors of the 62

Subsidiary Guarantors of the Public Bonds (Consolidated Condensed Balance Sheets) (Details) - USD ($) $ in Millions	Jun. 18, 2016	Jan. 02, 2016	Jun. 20, 2015	Jan. 03, 2015
Current assets:
Cash and cash equivalents	$ 221.7	$ 194.1	$ 220.7	$ 223.8
Accounts receivable, net	312.6	298.9	355.3
Inventories:
Finished products, net	421.8	448	439.2
Raw materials and work-in-process, net	17.5	18.6	13
Total inventories	439.3	466.6	452.2
Deferred income taxes	0	0	28.2
Prepaid expenses and other current assets	46.9	54.2	51.6
Total current assets	1,020.5	1,013.8	1,108
Property, plant and equipment:
Gross cost	454.6	431.5	429.3
Accumulated depreciation	(305.3)	(299.9)	(292)
Property plant and equipment net	149.3	131.6	137.3
Other assets:
Goodwill	431.9	429.1	436.5	438.8
Indefinite-lived intangibles	685.4	685.4	687.9	690.5
Amortizable intangibles, net	90.5	97.3	105.3
Deferred income taxes	4.1	3.7	2.9
Other	71.8	73.5	65.1
Total other assets	1,283.7	1,289	1,297.7
Total assets	2,453.5	2,434.4	2,543
Current liabilities:
Accounts payable	172.9	199.7	202.1
Accrued salaries and wages	26.5	28.5	26.8
Other accrued liabilities	111.9	108.2	116.9
Current maturities of long-term debt	19.7	16.9	45.2
Total current liabilities	331	353.3	391
Long-term debt, less current maturities	788.3	792.9	776.3
Accrued pension liabilities	110.9	109.6	130.3
Deferred income taxes	175	178.6	219.3
Other liabilities	46.3	30.3	27.3
Stockholders’ equity
Wolverine World Wide, Inc. stockholders’ equity	994.8	963.7	994.7
Noncontrolling interest	7.2	6	4.1
Total stockholders’ equity	1,002	969.7	998.8
Total liabilities and stockholders’ equity	2,453.5	2,434.4	2,543
Parent [Member]
Current assets:
Cash and cash equivalents	57.9	27.2	60.3	11.4
Accounts receivable, net	7.8	84.8	6.8
Inventories:
Finished products, net	0	(0.8)	79.5
Raw materials and work-in-process, net	0	0.8	(0.4)
Total inventories	0	0	79.1
Deferred income taxes			12.8
Prepaid expenses and other current assets	12	10.7	62.3
Total current assets	77.7	122.7	221.3
Property, plant and equipment:
Gross cost	185.5	228.4	237.2
Accumulated depreciation	(142)	(178.1)	(187.2)
Property plant and equipment net	43.5	50.3	50
Other assets:
Goodwill	2.7	2.7	7.8
Indefinite-lived intangibles	3.7	3.8	3.8
Amortizable intangibles, net	0.6	0.6	0.5
Deferred income taxes			0
Other	46	54.1	51
Intercompany accounts receivable	22.1	19.8	22.2
Investment in affiliates	3,558.8	3,388.4	3,233.9
Total other assets	3,633.9	3,469.4	3,319.2
Total assets	3,755.1	3,642.4	3,590.5
Current liabilities:
Accounts payable	22.4	37.3	51.9
Accrued salaries and wages	12.2	17.2	14.7
Other accrued liabilities	28.1	42.6	36.2
Current maturities of long-term debt	19.7	16.9	45.2
Total current liabilities	82.4	114	148
Long-term debt, less current maturities	787.7	792.3	775.7
Accrued pension liabilities	93	91.2	109.4
Deferred income taxes	(76.4)	(75.2)	(58.2)
Other liabilities	26.9	17	14.7
Intercompany accounts payable	1,846.7	1,739.4	1,606.2
Stockholders’ equity
Wolverine World Wide, Inc. stockholders’ equity	994.8	963.7	994.7
Total stockholders’ equity	994.8	963.7	994.7
Total liabilities and stockholders’ equity	3,755.1	3,642.4	3,590.5
Subsidiary Guarantors [Member]
Current assets:
Cash and cash equivalents	1.9	2.6	2.3	3.3
Accounts receivable, net	213.5	105.8	222.2
Inventories:
Finished products, net	338.8	371.7	277.3
Raw materials and work-in-process, net	4.7	1.8	1.4
Total inventories	343.5	373.5	278.7
Deferred income taxes			14
Prepaid expenses and other current assets	22.2	24.9	(15.2)
Total current assets	581.1	506.8	502
Property, plant and equipment:
Gross cost	237	170.5	156.8
Accumulated depreciation	(147.6)	(103.6)	(81)
Property plant and equipment net	89.4	66.9	75.8
Other assets:
Goodwill	353.7	353.3	353
Indefinite-lived intangibles	675.4	675.3	674.9
Amortizable intangibles, net	89.9	96.7	104.7
Other	22.1	15.6	10.1
Intercompany accounts receivable	3,286.8	3,002	2,560.2
Investment in affiliates	902.2	854	1,039.3
Total other assets	5,330.1	4,996.9	4,742.2
Total assets	6,000.6	5,570.6	5,320
Current liabilities:
Accounts payable	125.3	98.7	89.2
Accrued salaries and wages	8	4.3	5
Other accrued liabilities	49.5	35.6	45.4
Total current liabilities	182.8	138.6	139.6
Long-term debt, less current maturities	0.6	0.6	0.6
Accrued pension liabilities	17.9	18.4	20.9
Deferred income taxes	249.8	249.8	274.6
Other liabilities	17.5	11.2	10.4
Intercompany accounts payable	1,568.8	1,360	1,000.5
Stockholders’ equity
Wolverine World Wide, Inc. stockholders’ equity	3,963.2	3,792	3,873.4
Total stockholders’ equity	3,963.2	3,792	3,873.4
Total liabilities and stockholders’ equity	6,000.6	5,570.6	5,320
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	161.9	164.3	158.1	209.1
Accounts receivable, net	91.3	108.3	126.3
Inventories:
Finished products, net	83	77.1	82.4
Raw materials and work-in-process, net	12.8	16	12
Total inventories	95.8	93.1	94.4
Deferred income taxes			1.4
Prepaid expenses and other current assets	12.7	18.6	4.5
Total current assets	361.7	384.3	384.7
Property, plant and equipment:
Gross cost	32.1	32.6	35.3
Accumulated depreciation	(15.7)	(18.2)	(23.8)
Property plant and equipment net	16.4	14.4	11.5
Other assets:
Goodwill	75.5	73.1	75.7
Indefinite-lived intangibles	6.3	6.3	9.2
Amortizable intangibles, net			0.1
Deferred income taxes	4.1	3.7	2.9
Other	3.7	3.8	4
Intercompany accounts receivable	618.3	583.9	611.5
Investment in affiliates	1,031	949.4	967
Total other assets	1,738.9	1,620.2	1,670.4
Total assets	2,117	2,018.9	2,066.6
Current liabilities:
Accounts payable	25.2	63.7	61
Accrued salaries and wages	6.3	7	7.1
Other accrued liabilities	34.3	30	35.3
Total current liabilities	65.8	100.7	103.4
Deferred income taxes	1.6	4	2.9
Other liabilities	1.9	2.1	2.2
Intercompany accounts payable	511.7	506.3	587.2
Stockholders’ equity
Wolverine World Wide, Inc. stockholders’ equity	1,528.8	1,399.8	1,366.8
Noncontrolling interest	7.2	6	4.1
Total stockholders’ equity	1,536	1,405.8	1,370.9
Total liabilities and stockholders’ equity	2,117	2,018.9	2,066.6
Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	0	$ 0
Other assets:
Intercompany accounts receivable	(3,927.2)	(3,605.7)	(3,193.9)
Investment in affiliates	(5,492)	(5,191.8)	(5,240.2)
Total other assets	(9,419.2)	(8,797.5)	(8,434.1)
Total assets	(9,419.2)	(8,797.5)	(8,434.1)
Current liabilities:
Intercompany accounts payable	(3,927.2)	(3,605.7)	(3,193.9)
Stockholders’ equity
Wolverine World Wide, Inc. stockholders’ equity	(5,492)	(5,191.8)	(5,240.2)
Total stockholders’ equity	(5,492)	(5,191.8)	(5,240.2)
Total liabilities and stockholders’ equity	$ (9,419.2)	$ (8,797.5)	$ (8,434.1)

Subsidiary Guarantors of the 63

Subsidiary Guarantors of the Public Bonds (Consolidated Condensed Statements of Cash Flow) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 18, 2016	Jun. 20, 2015
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 72.8	$ 94.9
INVESTING ACTIVITIES
Additions to property, plant and equipment	(28.2)	(15.8)
Investment in joint venture	(0.5)	0
Other	2.7	3.2
Net cash used in investing activities	(26)	(12.6)
FINANCING ACTIVITIES
Payments on long-term debt	(2.8)	(67.7)
Cash dividends paid	(11.8)	(12.3)
Purchase of common stock for treasury	(6)	(5.9)
Purchases of shares under employee stock plans	(4.3)	(7.5)
Proceeds from the exercise of stock options	2.2	8.5
Excess tax benefits from stock-based compensation	0.1	3.8
Contributions from noncontrolling interests	1.3	0
Net cash used in financing activities	(21.3)	(81.1)
Effect of foreign exchange rate changes	2.1	(4.3)
Increase (decrease) in cash and cash equivalents	27.6	(3.1)
Cash and cash equivalents at beginning of the year	194.1	223.8
Cash and cash equivalents at end of the period	221.7	220.7
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	57.5	136.1
INVESTING ACTIVITIES
Additions to property, plant and equipment	(6.2)	(7.6)
Other	2	1.5
Net cash used in investing activities	(4.2)	(6.1)
FINANCING ACTIVITIES
Payments on long-term debt	(2.8)	(67.7)
Cash dividends paid	(11.8)	(12.3)
Purchase of common stock for treasury	(6)	(5.9)
Purchases of shares under employee stock plans	(4.3)	(7.5)
Proceeds from the exercise of stock options	2.2	8.5
Excess tax benefits from stock-based compensation	0.1	3.8
Contributions from noncontrolling interests	0
Net cash used in financing activities	(22.6)	(81.1)
Increase (decrease) in cash and cash equivalents	30.7	48.9
Cash and cash equivalents at beginning of the year	27.2	11.4
Cash and cash equivalents at end of the period	57.9	60.3
Subsidiary Guarantors [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	18	3.6
INVESTING ACTIVITIES
Additions to property, plant and equipment	(19.4)	(6.3)
Other	0.7	1.7
Net cash used in investing activities	(18.7)	(4.6)
FINANCING ACTIVITIES
Purchase of common stock for treasury	0	0
Contributions from noncontrolling interests	0
Increase (decrease) in cash and cash equivalents	(0.7)	(1)
Cash and cash equivalents at beginning of the year	2.6	3.3
Cash and cash equivalents at end of the period	1.9	2.3
Non-Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(2.7)	(44.8)
INVESTING ACTIVITIES
Additions to property, plant and equipment	(2.6)	(1.9)
Investment in joint venture	(0.5)
Net cash used in investing activities	(3.1)	(1.9)
FINANCING ACTIVITIES
Purchase of common stock for treasury	0	0
Contributions from noncontrolling interests	1.3
Net cash used in financing activities	1.3
Effect of foreign exchange rate changes	2.1	(4.3)
Increase (decrease) in cash and cash equivalents	(2.4)	(51)
Cash and cash equivalents at beginning of the year	164.3	209.1
Cash and cash equivalents at end of the period	161.9	158.1
Eliminations [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	0	0
INVESTING ACTIVITIES
Net cash used in investing activities	0	0
FINANCING ACTIVITIES
Net cash used in financing activities	0	0
Effect of foreign exchange rate changes	0	0
Increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of the year	0	0
Cash and cash equivalents at end of the period	$ 0	$ 0