Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill, by operating segment, for the years ended December 31, 2023 and December 25, 2022 are as follows:

(In millions)	Consumer Products		Wizards of the Coast and Digital Gaming	Entertainment	Total
2023
Balance at December 25, 2022	$	1,584.7	371.5	1,513.9	3,470.1
Impairment during the period	—		—	(1,191.2)	(1,191.2)
Foreign exchange translation	(2.4)		0.2	2.5	0.3
Balance at December 31, 2023	$	1,582.3	371.7	325.2	2,279.2
2022
Balance at December 26, 2021	$	1,584.9	307.3	1,527.4	3,419.6
Acquired during the period	—		64.7	—	64.7
Impairment during the period	—		—	(11.8)	(11.8)
Foreign exchange translation	(0.2)		(0.5)	(1.7)	(2.4)
Balance at December 25, 2022	$	1,584.7	371.5	1,513.9	3,470.1

Schedule of Finite-Lived Intangible Assets

The following table represents a summary of the Company’s other intangible assets, net at December 31, 2023 and December 25, 2022:

(In millions)	2023		2022
Acquired product rights	$	1,763.8	2,112.1
Licensed rights of entertainment properties	45.0		45.0
Impairment	(116.0)		(281.0)
Accumulated amortization	(1,181.0)		(1,137.2)
Amortizable intangible assets	511.8		738.9
Product rights with indefinite lives	75.7		75.7
Total other intangibles assets, net	$	587.5	814.6

Schedule of Indefinite-Lived Intangible Assets

The following table represents a summary of the Company’s other intangible assets, net at December 31, 2023 and December 25, 2022:

(In millions)	2023		2022
Acquired product rights	$	1,763.8	2,112.1
Licensed rights of entertainment properties	45.0		45.0
Impairment	(116.0)		(281.0)
Accumulated amortization	(1,181.0)		(1,137.2)
Amortizable intangible assets	511.8		738.9
Product rights with indefinite lives	75.7		75.7
Total other intangibles assets, net	$	587.5	814.6

Schedule of Expected Amortization Expense

The Company currently estimates amortization expense related to the above intangible assets for the next five years to be approximately:

	(In millions)
2024	$	68.1
2025	65.5
2026	57.6
2027	57.6
2028	57.5