XML 55 R33.htm IDEA: XBRL DOCUMENT v3.23.1
Segment Reporting (Tables)
3 Months Ended
Apr. 02, 2023
Segment Reporting [Abstract]  
Schedule of Information by Segment and Reconciliation to Reported Amounts
Information by segment and a reconciliation to reported amounts for the quarters ended April 2, 2023 and March 27, 2022 are as follows:
Quarter Ended
April 2, 2023March 27, 2022
Net revenuesExternal
Affiliate (b)
External
Affiliate (b)
Consumer Products$520.4 $73.3 $672.8 $91.9 
Wizards of the Coast and Digital Gaming295.2 47.8 262.8 29.8 
Entertainment185.4 13.1 227.5 13.9 
Corporate and Other (a)
— (134.2)— (135.6)
$1,001.0 $— $1,163.1 $— 
Schedule of Operating Profit (Loss) by Segment
Quarter Ended
Operating profit (loss)April 2,
2023
March 27,
2022
Consumer Products (a)
$(46.0)$8.6 
Wizards of the Coast and Digital Gaming76.8 106.4 
Entertainment (a)
(8.7)12.2 
Corporate and Other (a)
(4.2)(7.2)
$17.9 $120.0 
Schedule of Total Assets by Segment
Total assetsApril 2,
2023
March 27,
2022
December 25,
2022
Consumer Products $5,533.3 $4,817.9 $5,757.7 
Wizards of the Coast and Digital Gaming3,256.8 1,877.7 2,968.7 
Entertainment (a)
6,272.7 6,214.4 6,273.3 
Corporate and Other (a)
(6,139.1)(3,391.3)(5,703.8)
$8,923.7 $9,518.7 $9,295.9 
(a) 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 Corporate and Other expenses, related to these assets are made to the individual operating segments at the beginning of the year based on budgeted amounts. Any differences between actual and budgeted amounts are reflected in Corporate and Other because allocations are translated from the U.S. Dollar to local currency at budgeted rates when recorded. 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. Corporate and Other also includes the elimination of inter-company balance sheet amounts.
(b) Amounts represent revenues from transactions with other operating segments that are included in the operating profit (loss) of the segment.
Schedule of Net Revenues by Major Geographic Region
The following table represents consolidated Consumer Products segment net revenues by major geographic region for the quarters ended April 2, 2023 and March 27, 2022:
Quarter Ended
April 2,
2023
March 27,
2022
North America$279.1 $405.2 
Europe131.6 176.7 
Asia Pacific63.3 52.2 
Latin America46.4 38.7 
Net revenues$520.4 $672.8 
Schedules of Net Revenues by Category
The following table represents consolidated Wizards of the Coast and Digital Gaming segment net revenues by category for the quarters ended April 2, 2023 and March 27, 2022:
Quarter Ended
April 2,
2023
March 27,
2022
Tabletop Gaming$217.9 $192.2 
Digital and Licensed Gaming77.3 70.6 
Net revenues$295.2 $262.8 
The following table represents consolidated Entertainment segment net revenues by category for the quarters ended April 2, 2023 and March 27, 2022:
Quarter Ended
April 2,
2023
March 27,
2022
Film and TV$168.4 $190.2 
Family Brands17.0 23.2 
Music and Other— 14.1 
Net revenues$185.4 $227.5 
The following table presents consolidated net revenues by brand portfolio for the quarters ended April 2, 2023 and March 27, 2022:
Quarter Ended
Net revenuesApril 2,
2023
March 27,
2022
Franchise Brands $613.4 $650.4 
Partner Brands132.7 206.5 
Portfolio Brands 92.0 112.6 
Non-Hasbro Branded Film & TV 162.9 193.6 
Total $1,001.0 $1,163.1