Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 25, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill, by operating segment, for the years ended December 25, 2022 and December 26, 2021 are as follows:

(In millions)	Consumer Products		Wizards of the Coast and Digital Gaming	Entertainment	Total
2022
Balance at December 26, 2021	$	1,584.9	307.3	1,527.4	3,419.6
Acquired during the period	—		64.7	—	64.7
Impairment during the period	—		—	(11.8)	(11.8)
Foreign exchange translation	(0.2)		(0.5)	(1.7)	(2.4)
Balance at December 25, 2022	$	1,584.7	371.5	1,513.9	3,470.1
2021
Balance at December 27, 2020	$	1,385.7	53.1	2,252.9	3,691.7
Goodwill allocation	199.4		254.2	(453.6)	—
Goodwill associated with disposal of business	—		—	(162.2)	(162.2)
Impairment during the period	—		—	(108.8)	(108.8)
Foreign exchange translation	(0.2)		—	(0.9)	(1.1)
Balance at December 26, 2021	$	1,584.9	307.3	1,527.4	3,419.6

Schedule of Finite-Lived Intangible Assets

The following table represents a summary of the Company’s other intangible assets, net at December 25, 2022 and December 26, 2021:

(In millions)	2022		2021
Acquired product rights	$	2,112.1	2,101.7
Licensed rights of entertainment properties	45.0		45.0
Impairment	(281.0)		—
Accumulated amortization	(1,137.2)		(1,050.4)
Amortizable intangible assets	738.9		1,096.3
Product rights with indefinite lives	75.7		75.7
Total other intangibles assets, net	$	814.6	1,172.0

Schedule of Indefinite-Lived Intangible Assets

The following table represents a summary of the Company’s other intangible assets, net at December 25, 2022 and December 26, 2021:

(In millions)	2022		2021
Acquired product rights	$	2,112.1	2,101.7
Licensed rights of entertainment properties	45.0		45.0
Impairment	(281.0)		—
Accumulated amortization	(1,137.2)		(1,050.4)
Amortizable intangible assets	738.9		1,096.3
Product rights with indefinite lives	75.7		75.7
Total other intangibles assets, net	$	814.6	1,172.0

Schedule of Expected Amortization Expense

The Company currently estimates amortization expense related to the above intangible assets for the next five years to be approximately:

	(In millions)
2023	$	89.6
2024	87.9
2025	87.9
2026	87.9
2027	74.9