Restructuring Actions

12 Months Ended

Dec. 25, 2022

During 2018 and 2020, the Company took certain restructuring actions including headcount reduction aimed at right-sizing the Company’s cost-structure and integration actions related to the acquisition of eOne. As of December 25, 2022, the Company had a remaining balance of $9.0 million in severance and other employee expenses related to these programs, after reflecting payments of $5.8 million during the year.

During 2022, in support of Blueprint 2.0, Hasbro announced an Operational Excellence program under which the Company took certain restructuring actions, including global workforce reductions, resulting in severance and other employee charges of $94.1 million recorded in Selling, Distribution and Administration within the Corporate and Other segment.

The detail of activity related to the Company's Operational Excellence program as of December 25, 2022 is as follows:


(In millions)	Total




2022 Operational Excellence charges	$	94.1

Payments made in 2022	(9.2)
Remaining amounts to be paid as of December 25, 2022	$	84.9