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Segment Reporting (Tables)
9 Months Ended
Sep. 26, 2021
Segment Reporting [Abstract]  
Information by Segment and Reconciliation to Reported Amounts
Information by segment and a reconciliation to reported amounts for the quarters and nine months ended September 26, 2021 and September 27, 2020 are as follows:
Quarter Ended
September 26, 2021September 27, 2020
Net revenuesExternal
Affiliate (b)
External
Affiliate (b)
Consumer Products$1,282.7 $(149.6)$1,317.8 $(110.1)
Wizards of the Coast and Digital Gaming360.2 (38.0)273.4 (23.4)
Entertainment327.1 (13.7)185.4 (2.2)
Corporate and Other (b)
— 201.3 — 135.7 
$1,970.0 $— $1,776.6 $— 
Nine Months Ended
September 26, 2021September 27, 2020
Net revenuesExternal
Affiliate (b)
External
Affiliate (b)
Consumer Products$2,625.8 $(316.8)$2,409.8 $(268.8)
Wizards of the Coast and Digital Gaming1,008.7 (93.1)670.7 (56.4)
Entertainment772.5 (40.4)662.0 (3.9)
Corporate and Other (b)
— 450.3 — 329.1 
$4,407.0 $— $3,742.5 $— 
Operating Profit (Loss) by Segment
Quarter EndedNine Months Ended
Operating profit (loss)September 26,
2021
September 27,
2020
September 26,
2021
September 27,
2020
Consumer Products$210.4 $226.2 $260.5 $171.2 
Wizards of the Coast and Digital Gaming159.4 141.6 462.3 311.5 
Entertainment22.4 (28.3)(74.3)(106.1)
Corporate and Other (b)
(24.3)(2.9)(56.7)(61.1)
$367.9 $336.6 $591.8 $315.5 
Total Assets by Segment
Total assetsSeptember 26,
2021
September 27,
2020
December 27,
2020
Consumer Products (a)
$4,754.0 $6,323.4 $5,552.5 
Wizards of the Coast and Digital Gaming915.1 926.9 585.7 
Entertainment (b)
5,570.0 6,199.7 6,003.0 
Corporate and Other (b)
(1,008.7)(2,746.8)(1,322.9)
$10,230.4 $10,703.2 $10,818.3 
(a) During the second quarter of 2021, the Company adjusted certain inter-segment balance sheet amounts which impacted the Consumer Products and Corporate and Other total asset values. These adjustments did not impact the Company's total assets.
(b) 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 Corporate and Other 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.
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 and nine months ended September 26, 2021 and September 27, 2020:
Quarter EndedNine Months Ended
September 26,
2021
September 27,
2020
September 26,
2021
September 27,
2020
North America$805.0 $830.1 $1,559.1 $1,434.9 
Europe304.2 316.8 669.2 615.4 
Asia Pacific75.5 78.2 208.7 197.1 
Latin America98.0 92.7 188.8 162.4 
Net revenues$1,282.7 $1,317.8 $2,625.8 $2,409.8 
Schedules of Net Revenues by Category
The following table represents consolidated Entertainment segment net revenues by category for the quarters and nine months ended September 26, 2021 and September 27, 2020:
Quarter EndedNine Months Ended
September 26,
2021
September 27,
2020
September 26,
2021
September 27,
2020
Film and TV$255.4 $141.6 $586.1 $514.5 
Family Brands60.5 14.2 105.4 58.9 
Music and Other11.2 29.6 81.0 88.6 
Net revenues$327.1 $185.4 $772.5 $662.0 
The following table presents consolidated net revenues by brand and entertainment portfolio for the quarters and nine months ended September 26, 2021 and September 27, 2020:
Quarter EndedNine Months Ended
September 26,
2021
September 27,
2020
September 26,
2021
September 27,
2020
Franchise Brands$882.0 $807.5 $2,023.4 $1,580.9 
Partner Brands366.7 409.2 766.7 729.8 
Hasbro Gaming (1)
281.9 239.2 565.3 516.3 
Emerging Brands177.5 155.0 399.2 325.1 
TV/Film/Entertainment261.9 165.7 652.4 590.4 
Total $1,970.0 $1,776.6 $4,407.0 $3,742.5 
(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 $658.6 million and $1,543.3 million for the quarter and nine months ended September 26, 2021, respectively. For the quarter and nine months ended September 27, 2020, total gaming revenues were $543.1 million and $1,202.6 million, respectively.