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Segment Reporting (Tables)
3 Months Ended
Mar. 28, 2021
Segment Reporting [Abstract]  
Information by Segment and Reconciliation to Reported Amounts
Information by segment and a reconciliation to reported amounts for the quarters ended March 28, 2021 and March 29, 2020 are as follows:
Quarter Ended
March 28, 2021March 29, 2020
Net revenuesExternal
Affiliate (b)
External
Affiliate (b)
Consumer Products$653.9 $70.3 $572.5 $55.6 
Wizards of the Coast & Digital Gaming242.2 25.4 210.6 15.1 
Entertainment218.7 14.1 322.5 0.9 
Corporate and Other (a)
— (109.8)— (71.6)
$1,114.8 $— $1,105.6 $— 
Operating Profit (Loss) by Segment
Quarter Ended
Operating profit (loss)March 28,
2021
March 29,
2020
Consumer Products$32.3 $(9.7)
Wizards of the Coast & Digital Gaming110.0 95.8 
Entertainment17.0 (64.3)
Corporate and Other (a)
(12.0)(45.1)
$147.3 $(23.3)
Total Assets by Segment
Total assetsMarch 28,
2021
March 29,
2020
December 27,
2020
Consumer Products$5,567.7 $5,098.5 $5,552.5 
Wizards of the Coast & Digital Gaming616.9 706.0 585.7 
Entertainment6,106.8 6,232.8 6,003.0 
Corporate and Other (a)
(2,102.3)(1,612.9)(1,322.9)
$10,189.1 $10,424.4 $10,818.3 
(a) Certain long-term assets, including property, plant and equipment, goodwill and other intangibles, which benefit multiple operating segments, are included in both Entertainment and Corporate and Other. Allocations of certain expenses related to these assets are made to the individual operating segments at the beginning of the year based on budgeted amounts. Any differences between actual and budgeted amounts are reflected in Corporate and Other because allocations are translated from the U.S. Dollar to local currency at budgeted rates when recorded. Corporate and Other also includes the elimination of inter-company balance sheet amounts.
(b) Amounts represent revenues from transactions with other operating segments that are included in the operating profit (loss) of the segment.
Schedule of Net Revenues by Major Geographic Region
The following table represents consolidated Consumer Products segment net revenues by major geographic region for the quarters ended March 28, 2021 and March 29, 2020:
Quarter Ended
March 28,
2021
March 29,
2020
North America$362.7 $321.8 
Europe188.5 156.7 
Asia Pacific64.8 58.2 
Latin America37.9 35.8 
Net revenues$653.9 $572.5 
Schedules of Net Revenues by Category
The following table represents consolidated Entertainment segment net revenues by category for the quarters ended March 28, 2021 and March 29, 2020:
Quarter Ended
March 28,
2021
March 29,
2020
Film and TV$166.4 $264.0 
Family Brands18.8 25.9 
Music and Other33.5 32.6 
Net revenues$218.7 $322.5 
The following table presents consolidated net revenues by brand and entertainment portfolio for the quarters ended March 28, 2021 and March 29, 2020:
Quarter Ended
March 28,
2021
March 29,
2020
Franchise Brands$491.5 $396.5 
Partner Brands188.0 182.3 
Hasbro Gaming (1)
136.3 140.1 
Emerging Brands104.7 94.2 
Entertainment194.3 292.5 
Total $1,114.8 $1,105.6 
(1) Hasbro's total gaming category, which includes all gaming net revenues, both those reported in Hasbro Gaming and those reported elsewhere, most notably MAGIC: THE GATHERING and MONOPOLY which are reported within Franchise Brands, totaled $365.3 million and $340.5 million for the quarters ended March 28, 2021 and March 29, 2020, respectively.