Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Liabilities

The changes in carrying amounts of contract assets and liabilities for the three months ended March 31, 2024 and April 2, 2023 are as follows:

	March 31, 2024		April 2, 2023
Assets
Balance at beginning of the year	$	213.3	$	594.4
Recognized in current year	60.8		213.8
Amounts reclassified to accounts receivable	(54.8)		(218.7)
Foreign currency impact	0.3		7.7
Ending Balance	$	219.6	$	597.2
Liabilities
Balance at beginning of the year	$	230.8	$	113.0
Recognized in current year	55.0		80.3
Amounts in beginning balance reclassified to revenue	(22.1)		(53.3)
Current year amounts reclassified to revenue	(22.0)		(22.5)
Foreign currency impact	(10.1)		(2.2)
Ending Balance	$	231.6	$	115.3

Summary of Activity in Allowance for Credit Losses

A summary of the activity in the allowance for credit losses for the three months ended March 31, 2024 and April 2, 2023 are as follows:

	March 31, 2024		April 2, 2023
Balance at beginning of the year	$	12.7	$	20.0
Charged to costs and expenses, net	0.7		1.3
Foreign currency impact	(0.3)		0.4
Ending balance	$	13.1	$	21.7

Schedule of Operating Profit (Loss) by Segment

The following table represents consolidated Consumer Products segment net revenues by major geographic region for the quarters ended March 31, 2024 and April 2, 2023:

	Quarter Ended
	March 31, 2024		April 2, 2023
North America	$	239.1	$	279.1
Europe	87.5		131.6
Asia Pacific	48.8		63.3
Latin America	37.6		46.4
Net revenues	$	413.0	$	520.4

Summary of Net Revenues by Geographic Regions

The following table represents consolidated Wizards of the Coast and Digital Gaming segment net revenues by category for the quarters ended March 31, 2024 and April 2, 2023:

	Quarter Ended
	March 31, 2024		April 2, 2023
Tabletop Gaming	$	228.2	$	217.9
Digital and Licensed Gaming	88.1		77.3
Net revenues	$	316.3	$	295.2

The following table represents consolidated Entertainment segment net revenues by category for the quarters ended March 31, 2024 and April 2, 2023:

	Quarter Ended
	March 31, 2024		April 2, 2023
Film and TV	$	—	$	168.4
Family Brands	28.0		17.0
Net revenues	$	28.0	$	185.4

The following table presents consolidated net revenues by brand portfolio for the quarters ended March 31, 2024 and April 2, 2023:

	Quarter Ended
Net revenues	March 31, 2024		April 2, 2023
Franchise Brands	$	606.5	$	613.4
Partner Brands	87.7		132.7
Portfolio Brands	63.1		92.1
Non-Hasbro Branded Film & TV (1)	—		162.8
Total	$	757.3	$	1,001.0

(1) Net revenues from the Company's Non-Hasbro-branded Film and TV portfolio were associated with the Company's non-core eOne Film and TV business sold to Lionsgate during the fourth quarter of 2023.