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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2024 and July 2, 2023 are as follows:
June 30,
2024
July 2,
2023
Assets
Balance at beginning of the year$213.3 $594.4 
Recognized in current year135.8 320.3 
Amounts reclassified to accounts receivable(109.6)(352.1)
Foreign currency impact(2.3)7.3 
Ending Balance$237.2 $569.9 
Liabilities
Balance at beginning of the year$230.8 $113.0 
Recognized in current year131.9 164.0 
Amounts in beginning balance reclassified to revenue(45.4)(58.8)
Current year amounts reclassified to revenue(58.5)(97.9)
Foreign currency impact0.1 (1.0)
Ending Balance$258.9 $119.3 
Schedule of Activity in Allowance for Credit Losses A summary of the activity in the allowance for credit losses for the six months ended June 30, 2024 and July 2, 2023 are as follows:
June 30,
2024
July 2,
2023
Balance at beginning of the year$12.7 $20.0 
Charged to costs and expenses, net1.8 1.5 
Customer accounts written off—net of recoveries(0.6)— 
Foreign currency impact(0.8)0.7 
Ending balance$13.1 $22.2 
Schedule of Operating Profit (Loss) by Segment
The following table represents consolidated Consumer Products segment net revenues by major geographic region for the three and six months ended June 30, 2024 and July 2, 2023:
Three Months EndedSix Months Ended
June 30,
2024
July 2,
2023
June 30,
2024
July 2,
2023
North America$306.1 $382.0 $545.2 $661.1 
Europe92.0 131.9 179.5 263.5 
Asia Pacific62.6 66.4 111.4 129.7 
Latin America63.8 74.9 101.4 121.3 
Net revenues$524.5 $655.2 $937.5 $1,175.6 
Schedule 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 three and six months ended June 30, 2024 and July 2, 2023:
Three Months EndedSix Months Ended
June 30,
2024
July 2,
2023
June 30,
2024
July 2,
2023
Tabletop Gaming$307.6 $298.5 $535.8 $516.4 
Digital and Licensed Gaming144.4 77.1 232.5 154.4 
Net revenues$452.0 $375.6 $768.3 $670.8 

The following table represents consolidated Entertainment segment net revenues by category for the three and six months ended June 30, 2024 and July 2, 2023:
Three Months EndedSix Months Ended
June 30,
2024
July 2,
2023
June 30,
2024
July 2,
2023
Film and TV (1)
$1.8 $153.3 $1.8 $321.7 
Family Brands17.0 25.9 45.0 42.9 
Net revenues$18.8 $179.2 $46.8 $364.6 
(1) Net revenues from the Company's Film and TV portfolio were primarily associated with the Company's non-core eOne Film and TV business sold to Lionsgate during the fourth quarter of 2023.

The following table presents consolidated net revenues by brand portfolio for the three and six months ended June 30, 2024 and July 2, 2023:
Three Months EndedSix Months Ended
June 30,
2024
July 2,
2023
June 30,
2024
July 2,
2023
Franchise Brands $786.6 $788.4 $1,393.1 $1,401.8 
Partner Brands124.6 172.9 212.3 305.6 
Portfolio Brands 84.1 107.9 147.2 200.0 
Non-Hasbro Branded Film & TV (1)
— 140.8 — 303.6 
Net revenues$995.3 $1,210.0 $1,752.6 $2,211.0 
(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.