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Income Taxes (Tables) | 12 Months Ended
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Dec. 29, 2019
Income Tax Disclosure [Abstract] |
Schedule of Components of Earnings Before Income Taxes, Determined by Tax Jurisdiction | The components of earnings before income taxes, determined by tax jurisdiction, are as follows:
| 2019 |  | 2018 |  | 2017
United States | $ | 250,453 |  |  | 6,293 |  |  | 168,370 |
International | 343,757 |  |  | 264,109 |  |  | 617,780 |
Total earnings before income taxes | $ | 594,210 |  |  | 270,402 |  |  | 786,150 |
Schedule of Income Taxes Attributable to Earnings Before Income Taxes | Income taxes attributable to earnings before income taxes are:
| 2019 |  | 2018 |  | 2017
Current |  |  |  |  |
United States | $ | 41,355 |  |  | 12,805 |  |  | 202,374 |
State and local | 5,528 |  |  | 5,644 |  |  | 2,926 |
International | 41,829 |  |  | 42,613 |  |  | 72,138 |
| 88,712 |  |  | 61,062 |  |  | 277,438 |
Deferred |  |  |  |  |
United States | (20,139 | ) |  | (4,937 | ) |  | 105,174 |
State and local | (1,438 | ) |  | (471 | ) |  | 1,658 |
International | 6,621 |  |  | (5,686 | ) |  | 5,273 |
| (14,956 | ) |  | (11,094 | ) |  | 112,105 |
Total income taxes | $ | 73,756 |  |  | 49,968 |  |  | 389,543 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the statutory United States federal income tax rate to Hasbro’s effective income tax rate is as follows:
| 2019 |  | 2018 |  | 2017
Statutory income tax rate | 21.0 | % |  | 21.0 | % |  | 35.0 | %
State and local income taxes, net | 0.5 |  |  | 1.5 |  |  | 0.3 |
Tax on international earnings | (4.6 | ) |  | (11.4 | ) |  | (23.0 | )
Change in unrecognized tax benefits | 0.6 |  |  | (7.9 | ) |  | 1.0 |
Share-based compensation | (0.8 | ) |  | (4.0 | ) |  | (4.1 | )
Tax Cuts and Jobs Act of 2017 | — |  |  | 15.0 |  |  | 39.4 |
Research and development tax credits | (0.7 | ) |  | (1.9 | ) |  | (0.5 | )
Non-deductible goodwill impairment | — |  |  | 2.0 |  |  | — |
Gains on integrated hedging instruments | (4.0 | ) |  | — |  |  | — |
Other, net | 0.4 |  |  | 4.2 |  |  | 1.5 |
| 12.4 | % |  | 18.5 | % |  | 49.6 | %
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at December 29, 2019 and December 30, 2018 are:
| 2019 |  | 2018
Deferred tax assets: |  |  |
Accounts receivable | $ | 26,973 |  |  | 29,094 |
Inventories | 10,020 |  |  | 11,958 |
Loss and credit carryforwards | 35,509 |  |  | 105,915 |
Operating leases | 15,378 |  |  | — |
Operating expenses | 23,686 |  |  | 21,213 |
Pension | 6,206 |  |  | 11,543 |
Other compensation | 27,633 |  |  | 35,418 |
Postretirement benefits | 7,053 |  |  | 7,894 |
Interest rate hedge | 5,202 |  |  | 5,607 |
Tax sharing agreement | 3,096 |  |  | 4,015 |
Other | 15,122 |  |  | 9,077 |
Gross deferred tax assets | 175,878 |  |  | 241,734 |
Valuation allowance | (33,260 | ) |  | (36,311 | )
Net deferred tax assets | 142,618 |  |  | 205,423 |
Deferred tax liabilities: |  |  |
Depreciation and amortization of long-lived assets | 13,361 |  |  | 12,258 |
Equity method investment | 17,674 |  |  | 15,113 |
Operating leases | 11,936 |  |  | — |
Other | 9,852 |  |  | 9,885 |
Deferred tax liabilities | 52,823 |  |  | 37,256 |
Net deferred income taxes | $ | 89,795 |  |  | 168,167 |
Schedule of Deferred Tax Assets and Liabilities by Balance Sheet Location | At December 29, 2019 and December 30, 2018, the Company’s net deferred income taxes are recorded in the consolidated balance sheets as follows:
| 2019 |  | 2018
Other assets | 92,401 |  |  | 174,077 |
Other liabilities | (2,606 | ) |  | (5,910 | )
Net deferred income taxes | $ | 89,795 |  |  | 168,167 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of unrecognized tax benefits, excluding potential interest and penalties, for the fiscal years ended December 29, 2019, December 30, 2018, and December 31, 2017 is as follows:
| 2019 |  | 2018 |  | 2017
Balance at beginning of year | $ | 46,074 |  |  | 84,244 |  |  | 80,388 |
Gross increases in prior period tax positions | 2,031 |  |  | 4,449 |  |  | 2,518 |
Gross decreases in prior period tax positions | — |  |  | (55,752 | ) |  | (28,653 | )
Gross increases in current period tax positions | 4,152 |  |  | 16,987 |  |  | 34,056 |
Decreases related to settlements with tax authorities | (12,037 | ) |  | (1,102 | ) |  | (1,375 | )
Decreases from the expiration of statute of limitations | (3,569 | ) |  | (2,752 | ) |  | (2,690 | )
Balance at end of year | $ | 36,651 |  |  | 46,074 |  |  | 84,244 |

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