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Segment Reporting (Tables)
 6 Months Ended
Jul. 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 and six months ended July 2, 2023 and June 26, 2022 are as follows:
Quarter Ended
July 2, 2023June 26, 2022
Net revenuesExternal
Affiliate (b)
External
Affiliate (b)
Consumer Products$655.2 $80.8 $734.2 $145.2 
Wizards of the Coast and Digital Gaming375.6 45.2 419.8 52.9 
Entertainment179.2 11.4 185.2 12.8 
Corporate and Other— (137.4)— (210.9)
$1,210.0 $— $1,339.2 $— 
Six Months Ended
July 2, 2023June 26, 2022
Net revenuesExternal
Affiliate (b)
External
Affiliate (b)
Consumer Products$1,175.6 $154.0 $1,407.0 $237.1 
Wizards of the Coast and Digital Gaming670.8 93.0 682.6 82.6 
Entertainment364.6 24.6 412.7 26.7 
Corporate and Other— (271.6)— (346.4)
$2,211.0 $— $2,502.3 $— 
Schedule of Operating Profit (Loss) by Segment
Quarter EndedSix Months Ended
Operating profit (loss)July 2,
2023		June 26,
2022		July 2,
2023		June 26,
2022
Consumer Products $11.4 $(6.5)$(34.6)$2.1 
Wizards of the Coast and Digital Gaming142.3 225.6 219.1 332.0 
Entertainment (a)
(324.2)14.3 (332.9)26.5 
Corporate and Other (a)(c)
(18.1)(14.3)(22.3)(21.5)
Operating profit (loss)(188.6)219.1 (170.7)339.1 
Interest expense46.6 41.7 92.9 83.3 
Interest income(5.8)(2.7)(11.8)(4.8)
Other non-operating (income) expense(1.5)0.2 (2.9)0.5 
Earnings (loss) before income taxes$(227.9)$179.9 $(248.9)$260.1 
Schedule of Total Assets by Segment
Total assetsJuly 2,
2023		June 26,
2022		December 25,
2022
Consumer Products $5,954.2 $5,318.9 $5,757.7 
Wizards of the Coast and Digital Gaming3,634.9 2,295.8 2,968.7 
Entertainment (a)
5,924.1 6,286.7 6,273.3 
Corporate and Other (a)
(6,903.5)(4,398.4)(5,703.8)
$8,609.7 $9,503.0 $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. 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.
(c) Corporate and Other Operating profit (loss) includes Operational Excellence related transformation office and consulting fees of $10.4 million and $21.0 million, for the quarter and six-month periods ended July 2, 2023, respectively, which are recorded within Selling, Distribution and Administration costs within the Consolidated Statements of Operations. Third party consultants were engaged to assist the Company in performing a comprehensive review of operations and developing a transformation plan designed to support the organization in identifying, realizing, and capturing savings through the identification of organizational initiatives intended to create efficiencies and improve business processes and operations. The consultants assisted in providing benchmark data and are currently assisting with the design of an improved operating model and supply chain function. The Company expects this consulting assistance to conclude in 2023 in line with the planning stages of the final components of the transformation plan. Corporate and Other Operating Profit (loss) includes other consulting expense of $19.1 million and $21.5 million for the quarter and six month periods ended June 26, 2022, respectively, as well as incentive compensation for all periods presented.
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 and six months ended July 2, 2023 and June 26, 2022:
Quarter EndedSix Months Ended
July 2,
2023		June 26,
2022		July 2,
2023		June 26,
2022
North America$382.0 $433.3 $661.1 $838.5 
Europe131.9 162.1 263.5 338.8 
Asia Pacific66.4 66.6 129.7 118.8 
Latin America74.9 72.2 121.3 110.9 
Net revenues$655.2 $734.2 $1,175.6 $1,407.0 
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 and six months ended July 2, 2023 and June 26, 2022:
Quarter EndedSix Months Ended
July 2,
2023		June 26,
2022		July 2,
2023		June 26,
2022
Tabletop Gaming$298.5 $361.8 $516.4 $554.0 
Digital and Licensed Gaming77.1 58.0 154.4 128.6 
Net revenues$375.6 $419.8 $670.8 $682.6 
The following table represents consolidated Entertainment segment net revenues by category for the quarters and six months ended July 2, 2023 and June 26, 2022:
Quarter EndedSix Months Ended
July 2,
2023		June 26,
2022		July 2,
2023		June 26,
2022
Film and TV$153.3 $148.2 $321.7 $338.4 
Family Brands25.9 22.8 42.9 46.0 
Music and Other— 14.2 — 28.3 
Net revenues$179.2 $185.2 $364.6 $412.7 
The following table presents consolidated net revenues by brand portfolio for the quarters and six months ended July 2, 2023 and June 26, 2022:
Quarter EndedSix Months Ended
Net revenuesJuly 2,
2023		June 26,
2022		July 2,
2023		June 26,
2022
Franchise Brands $788.4 $826.0 $1,401.8 $1,476.4 
Partner Brands172.9 219.4 305.6 425.9 
Portfolio Brands 107.1 135.8 199.1 248.4 
Non-Hasbro Branded Film & TV 141.6 158.0 304.5 351.6 
Total $1,210.0 $1,339.2 $2,211.0 $2,502.3