Segment Reporting (Tables)

12 Months Ended

Dec. 25, 2022

Schedule of Information and Reconciliation by Segment

Information by segment and a reconciliation to reported amounts are as follows:


(In millions)	Revenues from External Customers		Affiliate Revenue	Operating Profit (Loss)	Depreciation and Amortization	Capital Additions	Total Assets
2022
Consumer Products(a)	$	3,572.5	396.7	217.3	152.5	87.0	5,757.7
Wizards of the Coast and Digital Gaming	1,325.1		172.5	538.3	14.6	52.5	2,968.7
Entertainment(a)	959.1		57.5	22.7	43.8	6.9	6,273.3
Corporate and Other(b)	—		(626.7)	(370.6)	21.6	27.8	(5,703.8)
Consolidated Total	$	5,856.7	—	407.7	232.5	174.2	9,295.9
2021
Consumer Products	$	3,981.6	465.4	401.4	112.4	73.1	4,925.5
Wizards of the Coast and Digital Gaming	1,286.6		121.6	547.0	48.5	35.1	1,585.1
Entertainment	1,152.2		61.5	(91.8)	96.6	6.2	6,052.8
Corporate and Other(b)	—		(648.5)	(93.3)	22.6	18.3	(2,525.6)
Consolidated Total	$	6,420.4	—	763.3	280.1	132.7	10,037.8
2020
Consumer Products	$	3,649.6	379.0	308.1	78.3	69.3	5,552.5
Wizards of the Coast and Digital Gaming	906.7		77.3	420.4	9.0	35.9	585.7
Entertainment	909.1		5.9	(141.1)	138.0	6.6	6,003.0
Corporate and Other(b)	—		(462.2)	(85.6)	39.7	14.0	(1,322.8)
Consolidated Total	$	5,465.4	—	501.8	265.0	125.8	10,818.4

(a)Beginning in 2022, the Company has allocated certain of the intangible amortization costs related to the assets acquired in the eOne Acquisition, between the Consumer Products and Entertainment segments.

(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 expenses, related assets within the individual operating segments, are done at the beginning of the

year based on budgeted amounts. Any differences between actual and budgeted amounts are reflected in Corporate and Other. Furthermore, Corporate and Other includes elimination of inter-company income statement transactions. Corporate and Other also includes the elimination of inter-company balance sheet amounts.

Net Revenues by Geographic Regions

The following table represents consolidated Consumer Products segment net revenues by major geographic region for the three fiscal years ended December 25, 2022.


(In millions)	2022		2021	2020
North America	$	2,064.8	2,315.9	2,116.2
Europe	899.5		1,067.7	989.2
Asia Pacific	293.4		310.1	295.6
Latin America	314.8		287.9	248.6
Net revenues	$	3,572.5	3,981.6	3,649.6

Net Revenues by Category and Brand Portfolio

The following table represents consolidated Wizards of the Coast and Digital Gaming segment net revenues by category for the three fiscal years ended December 25, 2022:


(In millions)	2022		2021	2020
Tabletop Gaming	$	1,067.0	950.6	659.6
Digital and Licensed Gaming	258.1		336.0	247.1
Net revenues	$	1,325.1	1,286.6	906.7

The following table represents consolidated Entertainment segment net revenues by category for the three fiscal years ended December 25, 2022.


(In millions)	2022		2021	2020
Film and TV	$	837.6	932.5	700.5
Family Brands	79.4		132.9	86.5
Music and Other	42.1		86.8	122.1
Net revenues	$	959.1	1,152.2	909.1

The following table presents consolidated net revenues by brand portfolio for the three fiscal years ended December 25, 2022.


(In millions)	2022		2021	2020
Franchise Brands (1)	$	2,830.6	2,955.6	2,394.3
Partner Brands	1,052.0		1,161.0	1,079.4
Hasbro Gaming (2)	743.3		851.4	814.8
Emerging Brands (1)	402.1		454.7	372.2
TV/Film/Entertainment	828.7		997.7	804.7
Net revenues	$	5,856.7	6,420.4	5,465.4

(1) Effective in the first quarter of 2022, the Company moved PEPPA PIG into Franchise Brands from Emerging Brands. For comparability, the year ended December 26, 2021 net revenues have been restated to reflect the elevation of PEPPA PIG from Emerging Brands into Franchise Brands resulting in a change of $162.9 million.

(2) Hasbro’s total gaming category, including all gaming net revenues, most notably MAGIC: THE GATHERING and MONOPOLY, totaled $1,997.5 million, $2,098.9 million and $1,763.8 million for the years ended December 25, 2022, December 26, 2021 and December 27, 2020, respectively.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

Information as to Hasbro’s operations in different geographical areas is presented below on the basis the Company uses to manage its business. Net revenues are categorized based on the location of the customer, while long-lived assets (property, plant and equipment, goodwill and other intangibles) are categorized based on their location.


(In millions)	2022		2021	2020
Net revenues
United States	$	3,544.2	3,898.9	3,202.4
International	2,312.5		2,521.5	2,263.0
	$	5,856.7	6,420.4	5,465.4
Long-lived assets
United States	$	1,042.3	1,359.6	1,491.3
International	3,665.3		3,653.0	4,220.2
	$	4,707.6	5,012.6	5,711.5