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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Net revenues by segment
Information by segment and a reconciliation to reported amounts for the quarter and six month periods ended June 30, 2019 and July 1, 2018 are as follows:
 
Quarter Ended
 
June 30, 2019
 
July 1, 2018
Net revenues
External
 
Affiliate
 
External
 
Affiliate
U.S. and Canada
$
510,529

 
2,996

 
448,444

 
2,596

International
377,438

 
145

 
380,444

 
226

Entertainment, Licensing and Digital
96,506

 
2,165

 
75,539

 
3,090

Global Operations  (a)
64

 
320,618

 
31

 
342,482

Corporate and Eliminations (b)

 
(325,924
)
 

 
(348,394
)
 
$
984,537

 

 
904,458

 


 
Six Months Ended
 
June 30, 2019
 
July 1, 2018
Net revenues
External
 
Affiliate
 
External
 
Affiliate
U.S. and Canada
$
868,380

 
4,845

 
802,357

 
4,729

International
660,087

 
186

 
668,389

 
288

Entertainment, Licensing and Digital
188,500

 
4,140

 
149,944

 
6,666

Global Operations  (a)
80

 
550,043

 
109

 
595,802

Corporate and Eliminations (b)

 
(559,214
)
 

 
(607,485
)
 
$
1,717,047

 

 
1,620,799

 



Operating profit (loss) by segments
 
Quarter Ended
 
Six Months Ended
Operating profit (loss)
June 30,
2019
 
July 1,
2018
 
June 30,
2019
 
July 1,
2018
U.S. and Canada
$
106,577

 
73,098

 
$
120,109

 
$
46,478

International
14,583

 
173

 
(15,828
)
 
(55,915
)
Entertainment, Licensing and Digital
7,936

 
21,760

 
37,956

 
38,903

Global Operations (a)
(5,986
)
 
(9,978
)
 
(4,732
)
 
(7,802
)
Corporate and Eliminations  (b)
5,223

 
2,535

 
26,955

 
(14,495
)
 
$
128,333

 
87,588

 
$
164,460

 
$
7,169


Total assets by segments
Total assets
June 30,
2019
 
July 1,
2018
 
December 30,
2018
U.S. and Canada
$
2,845,806

 
2,894,867

 
2,898,816

International
2,093,725

 
2,048,122

 
2,229,053

Entertainment, Licensing and Digital
945,196

 
812,757

 
621,595

Global Operations (a)
1,036,919

 
3,689,721

 
3,197,847

Corporate and Eliminations (b)
(1,883,036
)
 
(4,331,611
)
 
(3,684,323
)
 
$
5,038,610

 
5,113,856

 
5,262,988

(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 U.S. Dollar to local currency at budgeted rates when recorded. Corporate and Eliminations also includes the elimination of inter-company balance sheet amounts.
Schedule of international net revenues by major geographic region
The following table represents consolidated International segment net revenues by major geographic region for the quarters and six month periods ended June 30, 2019 and July 1, 2018:
 
Quarter Ended
 
Six Months Ended
 
June 30,
2019
 
July 1,
2018
 
June 30,
2019
 
July 1,
2018
Europe
$
201,072

 
199,575

 
$
354,451

 
355,137

Latin America
90,342

 
96,401

 
153,119

 
162,362

Asia Pacific
86,024

 
84,468

 
152,517

 
150,890

Net revenues
$
377,438

 
380,444

 
$
660,087

 
668,389


Net revenues by product category
The following table presents consolidated net revenues by brand portfolio for the quarters and six month periods ended June 30, 2019 and July 1, 2018:
 
Quarter Ended
 
Six Months Ended
 
June 30,
2019
 
July 1,
2018
 
June 30,
2019
 
July 1,
2018
Franchise Brands
$
576,715

 
506,535

 
$
970,289

 
$
868,241

Partner Brands
213,448

 
208,005

 
385,437

 
408,597

Hasbro Gaming
123,420

 
134,275

 
230,985

 
239,502

Emerging Brands
70,954

 
55,643

 
130,336

 
104,459

Total
$
984,537

 
904,458

 
$
1,717,047

 
$
1,620,799