XML 63 R51.htm IDEA: XBRL DOCUMENT
v3.20.2

Financial Instruments - Narrative (Details) - USD ($) | 1 Months Ended | 3 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Nov. 30, 2019 | Sep. 30, 2019 | Jun. 28, 2020 | Dec. 30, 2019 | Dec. 29, 2019 | Jun. 30, 2019
Debt Instrument [Line Items] |  |  |  |  |  |
Current portion of long-term debt |  |  | $ 378,558,000 |  | $ 0 | $ 0
Production financing loan, weighted average interest rate |  |  | 3.60% |  |  |
Minimum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Term of loan facility | 3 years |  |  |  |  |
Senior Unsecured Notes | Minimum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Upward adjustment if credit rating is reduced (as a percent) | 0.25% |  |  |  |  |
Senior Unsecured Notes | Maximum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Term of loan facility | 10 years |  |  |  |  |
Upward adjustment if credit rating is reduced (as a percent) | 2.00% |  |  |  |  |
Senior Notes | Senior Unsecured Notes |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Aggregate principal amount | $ 2,375,000,000 |  |  | $ 2,375,000,000 |  |
Underwriting discount and fees | 20,043,000 |  |  |  |  |
Net proceeds after deduction of underwriting discount and fees | 2,354,957,000 |  |  |  |  |
Senior Notes | 2.60% Notes Due 2022 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Aggregate principal amount | $ 300,000,000 |  |  |  |  |
Interest rate | 2.60% |  |  |  |  |
Effective interest rate | 0.15% |  |  |  |  |
Senior Notes | 3.00% Notes Due 2024 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Aggregate principal amount | $ 500,000,000 |  |  |  |  |
Interest rate | 3.00% |  |  |  |  |
Effective interest rate | 0.25% |  |  |  |  |
Senior Notes | 3.55% Notes Due 2026 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Aggregate principal amount | $ 675,000,000 |  |  |  |  |
Interest rate | 3.55% |  |  |  |  |
Effective interest rate | 0.30% |  |  |  |  |
Senior Notes | 3.90% Notes Due 2029 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Aggregate principal amount | $ 900,000,000 |  |  |  |  |
Interest rate | 3.90% |  |  |  |  |
Effective interest rate | 0.35% |  |  |  |  |
3.50% Notes Due 2027 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Interest rate |  |  | 3.50% |  |  |
Redemption price (as a percent) | 100.00% |  |  |  |  |
3.15% Notes Due 2021 |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Aggregate principal amount | $ 300,000 |  |  |  |  |
Interest rate |  |  | 3.15% |  |  |
Unsecured Debt | Term Loan Agreement |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Aggregate principal amount |  | $ 1,000,000,000.0 |  |  |  |
Consolidated interest coverage ratio |  | 3.00 |  |  |  |
Consolidated total leverage ratio |  | 3.50 |  |  |  |
Repayments of unsecured debt |  |  | $ 7,500,000 |  |  |
Unsecured Debt | Term Loan Agreement | Minimum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Consolidated total leverage ratio |  | 5.40 |  |  |  |
Unsecured Debt | Term Loan Agreement | Maximum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Consolidated total leverage ratio |  | 5.65 |  |  |  |
Unsecured Debt | Three-Year Term Loan Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Aggregate principal amount |  | $ 400,000,000 |  |  |  |
Term of loan facility |  | 3 years |  |  |  |
Unsecured Debt | Five-Year Term Loan Facility |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Aggregate principal amount |  | $ 600,000,000 |  |  |  |
Term of loan facility |  | 5 years |  |  |  |
Unsecured Debt | Five-Year Term Loan Facility | Debt Instrument, Redemption, Period One |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Interest rate |  | 5.00% |  |  |  |
Term of loan facility |  | 2 years |  |  |  |
Unsecured Debt | Five-Year Term Loan Facility | Debt Instrument, Redemption, Period Two |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Interest rate |  | 10.00% |  |  |  |
Eurocurrency Rate | Unsecured Debt | Three-Year Term Loan Facility | Minimum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 0.875% |  |  |  |
Eurocurrency Rate | Unsecured Debt | Three-Year Term Loan Facility | Maximum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 1.75% |  |  |  |
Eurocurrency Rate | Unsecured Debt | Five-Year Term Loan Facility | Minimum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 1.00% |  |  |  |
Eurocurrency Rate | Unsecured Debt | Five-Year Term Loan Facility | Maximum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 1.875% |  |  |  |
Base Rate | Unsecured Debt | Three-Year Term Loan Facility | Minimum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 0.00% |  |  |  |
Base Rate | Unsecured Debt | Three-Year Term Loan Facility | Maximum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 0.75% |  |  |  |
Base Rate | Unsecured Debt | Five-Year Term Loan Facility | Minimum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 0.00% |  |  |  |
Base Rate | Unsecured Debt | Five-Year Term Loan Facility | Maximum |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Basis spread on variable rate (as a percent) |  | 0.875% |  |  |  |

X
- Definition Consolidated Interest Coverage Ratio + References No definition available. + Details
Name: | has_DebtInstrumentCovenantComplianceConsolidatedInterestCoverageRatio
Namespace Prefix: | has_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Consolidated Total Leverage Ratio + References No definition available. + Details
Name: | has_DebtInstrumentCovenantComplianceConsolidatedTotalLeverageRatio
Namespace Prefix: | has_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Production Financing Loan, Weighted Average Interest Rate + References No definition available. + Details
Name: | has_ProductionFinancingLoanWeightedAverageInterestRate
Namespace Prefix: | has_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Incremental percentage increase (decrease) in the stated rate on a debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentInterestRateIncreaseDecrease
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage price of original principal amount of debt at which debt can be redeemed by the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph e -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 + Details
Name: | us-gaap_DebtInstrumentRedemptionPricePercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, before accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28555-108399 + Details
Name: | us-gaap_DeferredFinanceCostsGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromIssuanceOfLongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash outflow to repay long-term debt that is not secured by collateral. Excludes repayments of tax exempt unsecured debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfUnsecuredDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=has_SeniorUnsecuredNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=has_Notes2.60Due2022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=has_Notes3.00Due2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=has_Notes3.55Due2026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=has_Notes3.90Due2029Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=has_Notes3.50Due2027Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=has_Notes315Due2021MemberMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=has_TermLoanAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=has_ThreeYearTermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=has_FiveYearTermLoanFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=us-gaap_DebtInstrumentRedemptionPeriodOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentRedemptionPeriodAxis=us-gaap_DebtInstrumentRedemptionPeriodTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_EurodollarMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |