QuickLinks -- Click here to rapidly navigate through this document

EXHIBIT 12

HASBRO, INC. AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges
Fiscal Years Ended in December

(Thousands of Dollars)

			2002			2001	2000		1999	1998
Earnings available for fixed charges:
	Net earnings (loss)		$	(170,674	)	59,732	(144,631	)	188,953	206,365
	Add:
		Cumulative effect of accounting change		245,732		1,066	—		—	—
		Fixed charges		99,209		126,323	135,302		88,456	53,209
		Taxes on income		29,030		35,401	(81,355	)	84,892	97,113
		Total	$	203,297		222,522	(90,684	)	362,301	356,687
Fixed charges:
	Interest on long-term debt		$	69,480		86,244	74,206		25,068	9,688
	Other interest charges			8,019		17,444	40,215		44,272	26,423
	Amortization of debt expense			1,843		3,031	1,724		425	121
	Rental expense representative of interest factor			19,867		19,604	19,157		18,691	16,977
	Total		$	99,209		126,323	135,302		88,456	53,209
Ratio of earnings to fixed charges				2.05		1.76	(0.67	)	4.10	6.70

1

QuickLinks

HASBRO, INC. AND SUBSIDIARIES Computation of Ratio of Earnings to Fixed Charges Fiscal Years Ended in December (Thousands of Dollars)