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Segment Reporting
9 Months Ended
Sep. 25, 2016
Segment Reporting (Thousands of Dollars) [Abstract]  
Segment Reporting

Hasbro is a global play and entertainment company with a broad portfolio of brands and entertainment properties spanning toys, games, licensed products ranging from traditional to high-tech and digital, and film and television entertainment. The Company's segments are (i) U.S. and Canada, (ii) International, (iii) Entertainment and Licensing, and (iv) Global Operations.

The U.S. and Canada segment includes the marketing and selling of action figures, arts and crafts and creative play products, electronic toys and related electronic interactive products, fashion and other dolls, infant products, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, as well as traditional board games and puzzles, and trading card and role-playing games primarily within the United States and Canada. Within the International segment, the Company markets and sells both toy and game products in markets outside of the U.S. and Canada, primarily in the European, Asia Pacific, and Latin and South American regions. The Company's Entertainment and Licensing segment includes the Company's consumer products licensing, digital gaming, movie and television entertainment operations. The Global Operations segment is responsible for sourcing finished products for the Company's U.S. and Canada and International segments.

Segment performance is measured at the operating profit level. Included in Corporate and Eliminations are certain corporate expenses, including the elimination of intersegment transactions and certain assets benefiting more than one segment. Intersegment sales and transfers are reflected in management reports at amounts approximating cost. Certain shared costs, including global development and marketing expenses and corporate administration, are allocated to segments based upon expenses and foreign exchange rates fixed at the beginning of the year, with adjustments to actual expenses and foreign exchange rates included in Corporate and Eliminations. The accounting policies of the segments are the same as those referenced in note 1.

Results shown for the quarter and nine months are not necessarily representative of those which may be expected for the full year 2016, nor were those of the comparable 2015 period representative of those actually experienced for the full year 2015. Similarly, such results are not necessarily those which would be achieved were each segment an unaffiliated business enterprise.

Information by segment and a reconciliation to reported amounts for the quarter and nine-month periods ended September 25, 2016 and September 27, 2015 are as follows.

Quarter Ended
September 25, 2016September 27, 2015
Net revenuesExternalAffiliateExternalAffiliate
U.S. and Canada$932,8442,392803,8241,352
International690,745417612,6458
Entertainment and Licensing56,1307,80652,1397,604
Global Operations (a)38629,0902,389595,476
Corporate and Eliminations-(639,705)-(604,440)
$1,679,757-1,470,997-

Nine Months Ended
September 25, 2016September 27, 2015
Net revenuesExternalAffiliateExternalAffiliate
U.S. and Canada$1,802,3915,3881,534,6974,120
International1,436,9116781,281,1188
Entertainment and Licensing150,52116,607160,41015,038
Global Operations (a)591,298,3375,9301,183,183
Corporate and Eliminations-(1,321,010)-(1,202,349)
$3,389,882-2,982,155-

Quarter EndedNine Months Ended
September 25,September 27,September 25,September 27,
Operating profit (loss)2016201520162015
U.S. and Canada$228,034187,052364,322275,622
International133,075114,206165,582141,470
Entertainment and Licensing14,09516,24533,36740,090
Global Operations (a)24,85213,80525,42812,042
Corporate and Eliminations (b)(37,955)(27,781)(55,808)(35,992)
$362,101303,527532,891433,232

September 25,September 27,December 27,
Total assets201620152015
U.S. and Canada$2,316,6243,569,8032,654,270
International2,261,7422,486,5892,345,847
Entertainment and Licensing632,933727,002567,753
Global Operations2,038,7362,431,8662,410,142
Corporate and Eliminations (b)(2,294,888)(4,648,113)(3,257,295)
$4,955,1474,567,1474,720,717

(a) The Global Operations segment derives substantially all of its revenues, and thus its operating results, from intersegment activities.

(b) Certain long-term assets, including property, plant and equipment, goodwill and other intangibles, which benefit multiple operating segments, are included in Corporate and Eliminations. Allocations of certain expenses related to these assets to the individual operating segments are done at the beginning of the year based on budgeted amounts. Any differences between actual and budgeted amounts are reflected in Corporate and Eliminations because allocations are translated from the US Dollar to local currency at budget rates when recorded, and Corporate and Eliminations also includes the elimination of inter-company balance sheet amounts.

The following table represents consolidated International segment net revenues by major geographic region for the quarter and nine-month periods ended September 25, 2016 and September 27, 2015.

Quarter EndedNine Months Ended
September 25,September 27,September 25,September 27,
2016201520162015
Europe$452,834389,024905,081770,555
Latin America154,985141,901307,949297,877
Asia Pacific82,92681,720223,881212,686
Net revenues$690,745612,6451,436,9111,281,118

The following table presents consolidated net revenues by class of principal products for the quarter and nine-month periods ended September 25, 2016 and September 27, 2015.

Quarter EndedNine Months Ended
September 25,September 27,September 25,September 27,
2016201520162015
Boys$605,452593,0941,297,3581,206,118
Games409,528363,470868,373810,748
Girls462,021294,785799,700539,401
Preschool202,756219,648424,451425,888
Net revenues$1,679,7571,470,9973,389,8822,982,155