Investments in Productions and Investments in Acquired Content Rights (Tables)

12 Months Ended

Dec. 25, 2022

Other Industries [Abstract]

Schedule of Programming Costs

Programming costs are included in other assets and consist of the following at December 25, 2022 and December 26, 2021:

(In millions)	2022		2021
Investment in Films and Television Programs:
Individual monetization
Released, net of amortization	$	584.5	$	481.7
Completed and not released	23.3		18.5
In production	199.4		151.6
Pre-production	41.3		84.0
	848.5		735.8
Film/TV group monetization
Released, net of amortization	25.8		32.2
In production	22.2		13.0
	48.0		45.2
Investment in other programming:
Released, net of amortization	9.8		5.3
Completed and not released	—		0.4
In production	11.8		12.6
Pre-production	3.3		1.7
	24.9		20.0
Total program investments	$	921.4	$	801.0

Program Cost Amortization

The Company recorded $555.5 million of program cost amortization related to released programming during 2022, consisting of the following:

(In millions)	Investment in Production		Investment in Content		Total
Program cost amortization	$	495.4	$	60.1	$	555.5

Based on management’s total revenue estimates at December 25, 2022, the Company's expected future amortization expenses for capitalized programming costs over the next three years are as follows:

(In millions)	2023		2024	2025
Estimated Future Amortization Expense:
Individual monetization
Released	$	114.6	67.4	58.3
Completed and not released	42.3		n/a	n/a
Film/TV group monetization
Released	28.8		15.0	14.8
Total	$	185.7	82.4	73.1