Restructuring Actions

3 Months Ended

Apr. 02, 2023

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 April 2, 2023, the Company had a remaining balance of $8.2 million in severance and other employee expenses related to these programs, after making payments of $0.9 million during the first three months of 2023.

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 April 2, 2023 is as follows:


	Total
Remaining amounts to be paid as of December 25, 2022	$	84.9

Payments made in the first three months of 2023	(16.2)
Remaining amounts to be paid as of April 2, 2023	$	68.7