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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
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		Depreciation
and
Amortization		Capital
Additions		Total
Assets
2023
Consumer Products (a)
$2,886.4 279.9 130.0 60.0 6,456.2 
Wizards of the Coast and Digital Gaming1,457.6 183.6 27.8 122.5 4,340.5 
Entertainment (a)(b)
659.3 51.8 28.5 0.4 3,507.7 
Corporate and Other (b)
— (515.3)24.4 26.4 (7,763.5)
Consolidated Total$5,003.3 — 210.7 209.3 6,540.9 
2022
Consumer Products (a)
$3,572.5 396.7 152.5 87.0 5,757.7 
Wizards of the Coast and Digital Gaming1,325.1 172.5 14.6 52.5 2,968.7 
Entertainment (a)(b)
959.1 57.5 43.8 6.9 6,273.3 
Corporate and Other (b)
— (626.7)21.6 27.8 (5,703.8)
Consolidated Total$5,856.7 — 232.5 174.2 9,295.9 
2021
Consumer Products$3,981.6 465.4 112.4 73.1 4,925.5 
Wizards of the Coast and Digital Gaming1,286.6 121.6 48.5 35.1 1,585.1 
Entertainment (b)
1,152.2 61.5 96.6 6.2 6,052.8 
Corporate and Other (b)
— (648.5)22.6 18.3 (2,525.6)
Consolidated Total$6,420.4 — 280.1 132.7 10,037.8 
Schedule of Operating Profit (Loss) by Segment
(In millions)
2023
2022
2021
Operating profit (loss)
Consumer Products
$(64.7)217.3 401.4 
Wizards of the Coast and Digital Gaming525.7 538.3 547.0 
Entertainment (b)
(1,911.5)22.7 (91.8)
Corporate and Other (b)(c)
(88.3)(370.6)(93.3)
Operating profit (loss)
(1,538.8)407.7 763.3 
Interest expense
186.3 171.0 179.7 
Interest income
(23.0)(11.8)(5.4)
Other non-operating expense (income)
7.0 (13.0)7.1 
Earnings (loss) before income taxes
$(1,709.1)261.5 581.9 
(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 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.
(c)Corporate and Other Operating profit (loss) includes Operational Excellence related transformation office and consulting fees of $35.3 million for the year ended December 31, 2023, 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 2024 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 $24.7 million for the year ended December 25, 2022, as well as incentive compensation for all periods presented
Summary of 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 31, 2023.
(In millions)202320222021
North America$1,649.1 2,064.8 2,315.9 
Europe669.5 899.5 1,067.7 
Asia Pacific256.3 293.4 310.1 
Latin America311.5 314.8 287.9 
Net revenues$2,886.4 3,572.5 3,981.6 
Summary of 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 31, 2023:
(In millions)202320222021
Tabletop Gaming$1,072.5 1,067.0 950.6 
Digital and Licensed Gaming385.1 258.1 336.0 
Net revenues$1,457.6 1,325.1 1,286.6 
The following table represents consolidated Entertainment segment net revenues by category for the three fiscal years ended December 31, 2023.
(In millions)202320222021
Film and TV$575.5 837.6 932.5 
Family Brands83.8 79.4 132.9 
Music and Other— 42.1 86.8 
Net revenues$659.3 959.1 1,152.2 
The following table presents consolidated net revenues by brand portfolio for the three fiscal years ended December 31, 2023.
(In millions)202320222021
Franchise Brands
$3,256.5 3,350.8 3,541.9 
Partner Brands687.8 1,052.0 1,161.0 
Portfolio Brands
521.3 625.2 719.8 
Non-Hasbro Branded Film & TV
537.7 828.7 997.7 
Net revenues$5,003.3 5,856.7 6,420.4 
Net revenue from Hasbro’s Total Gaming category, including all gaming revenues, most notably DUNGEONS
& DRAGONS, MAGIC: THE GATHERING and Hasbro Gaming, totaled $2,074.4 million, $1,997.5 million and $2,098.9 million for the years ended December 31, 2023, December 25, 2022 and December 26, 2021, respectively, of which MAGIC: THE GATHERING contributed $1,085.8 million, $1,065.2 million and $992.1 million.
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)202320222021
Net revenues
United States$3,010.1 3,544.2 3,898.9 
International1,993.2 2,312.5 2,521.5 
$5,003.3 5,856.7 6,420.4 
Long-lived assets
United States$1,153.7 1,042.3 1,359.6 
International2,201.6 3,665.3 3,653.0 
$3,355.3 4,707.6 5,012.6