XML 46 R34.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 28, 2020
Segment Reporting [Abstract] |
Information by Segment and Reconciliation to Reported Amounts | Information by segment and a reconciliation to reported amounts for the quarters and six months ended June 28, 2020 and June 30, 2019 are as follows:
| Quarter Ended |  |  |  |  |  |
| June 28, 2020 |  |  |  | June 30, 2019 |  |
Net revenues | External |  | Affiliate |  | External |  | Affiliate
U.S. and Canada | $ | 359,720 |  |  | 3,724 |  |  | $ | 510,529 |  |  | 2,996 |
International | 249,812 |  |  | — |  |  | 377,438 |  |  | 145 |
Entertainment, Licensing and Digital | 89,825 |  |  | 838 |  |  | 96,506 |  |  | 2,165 |
eOne | 160,922 |  |  | — |  |  | — |  |  | — |
Global Operations (a) | — |  |  | 272,213 |  |  | 64 |  |  | 320,618 |
Corporate and Eliminations (b) | — |  |  | (276,775) |  |  | — |  |  | (325,924) |
| $ | 860,279 |  |  | — |  |  | $ | 984,537 |  |  | — |
| Six Months Ended |  |  |  |  |  |
| June 28, 2020 |  |  |  | June 30, 2019 |  |
Net revenues | External |  | Affiliate |  | External |  | Affiliate
U.S. and Canada | $ | 788,367 |  |  | 7,052 |  |  | $ | 868,380 |  |  | 4,845 |
International | 500,215 |  |  | — |  |  | 660,087 |  |  | 186 |
Entertainment, Licensing and Digital | 173,852 |  |  | 1,808 |  |  | 188,500 |  |  | 4,140 |
eOne | 503,415 |  |  | — |  |  | — |  |  | — |
Global Operations (a) | — |  |  | 467,069 |  |  | 80 |  |  | 550,043 |
Corporate and Eliminations (b) | — |  |  | (475,929) |  |  | — |  |  | (559,214) |
| $ | 1,965,849 |  |  | — |  |  | $ | 1,717,047 |  |  | — |
Operating Profit (Loss) by Segment |
| Quarter Ended |  |  |  | Six Months Ended |  |
Operating profit (loss) | June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
U.S. and Canada | $ | 24,271 |  |  | 106,577 |  |  | $ | 96,051 |  |  | 120,109 |
International | (24,900) |  |  | 14,583 |  |  | (51,591) |  |  | (15,828) |
Entertainment, Licensing and Digital | 27,793 |  |  | 7,936 |  |  | 32,967 |  |  | 37,956 |
eOne | (5,967) |  |  | — |  |  | (39,048) |  |  | — |
Global Operations (a) | (5,945) |  |  | (5,986) |  |  | (1,296) |  |  | (4,732) |
Corporate and Eliminations (b) | (13,077) |  |  | 5,223 |  |  | (58,191) |  |  | 26,955 |
| $ | 2,175 |  |  | 128,333 |  |  | $ | (21,108) |  |  | 164,460 |
Total Assets by Segment |
Total assets | June 28, 2020 |  | June 30, 2019 |  | December 29, 2019
U.S. and Canada | $ | 3,470,896 |  |  | 2,845,806 |  |  | 3,244,950 |
International | 2,052,708 |  |  | 2,093,725 |  |  | 2,482,170 |
Entertainment, Licensing and Digital | 1,018,453 |  |  | 945,196 |  |  | 695,898 |
eOne | 5,713,517 |  |  | — |  |  | — |
Global Operations (a) | 3,944,699 |  |  | 1,036,919 |  |  | 3,334,190 |
Corporate and Eliminations (b) | (5,978,223) |  |  | (1,883,036) |  |  | (901,580) |
| $ | 10,222,050 |  |  | 5,038,610 |  |  | 8,855,628 |
(a) The Global Operations segment derives substantially all of its revenues, and thus its operating results, from intersegment activities. (b) Certain long-term assets, including property, plant and equipment, goodwill and other intangibles, which benefit multiple operating segments, are included in Corporate and Eliminations. Allocations of certain expenses related to these assets to the individual operating segments are done at the beginning of the year based on budgeted amounts. Any differences between actual and budgeted amounts are reflected in Corporate and Eliminations because allocations are translated from the U.S. Dollar to local currency at budgeted rates when recorded. Corporate and Eliminations also includes the elimination of inter-company balance sheet amounts.
Schedule of Net Revenues by Major Geographic Region | The following table represents consolidated International segment net revenues by major geographic region for the quarters and six months ended June 28, 2020 and June 30, 2019:
| Quarter Ended |  |  |  | Six Months Ended |  |
| June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
Europe | $ | 157,672 |  |  | 201,072 |  |  | $ | 319,921 |  |  | 354,451 |
Latin America | 32,488 |  |  | 90,342 |  |  | 66,409 |  |  | 153,119 |
Asia Pacific | 59,652 |  |  | 86,024 |  |  | 113,885 |  |  | 152,517 |
Net revenues | $ | 249,812 |  |  | 377,438 |  |  | $ | 500,215 |  |  | 660,087 |
Schedules of Net Revenues by Brand Portfolio | The following table presents consolidated net revenues by brand and entertainment portfolio for the quarters and six months ended June 28, 2020 and June 30, 2019:
| Quarter Ended |  |  |  | Six Months Ended |  |
| June 28, 2020 |  | June 30, 2019 |  | June 28, 2020 |  | June 30, 2019
Franchise Brands | $ | 376,826 |  |  | 576,715 |  |  | $ | 773,323 |  |  | 970,289 |
Partner Brands | 138,227 |  |  | 213,448 |  |  | 320,558 |  |  | 385,437 |
Hasbro Gaming (1) | 137,031 |  |  | 123,420 |  |  | 277,115 |  |  | 230,985 |
Emerging Brands (2) | 75,991 |  |  | 70,954 |  |  | 170,136 |  |  | 130,336 |
TV/Film/Entertainment (3) | 132,204 |  |  | — |  |  | 424,717 |  |  | — |
Total | $ | 860,279 |  |  | 984,537 |  |  | $ | 1,965,849 |  |  | 1,717,047 |
(1) Hasbro's total gaming category, which includes all gaming net revenues, both those reported in Hasbro Gaming and those reported elsewhere, most notably MAGIC: THE GATHERING and MONOPOLY, totaled $319,017 and $659,497 for the quarter and six months ended June 28, 2020, respectively. For the quarter and six months ended June 30, 2019, total gaming revenues were $393,367 and $636,758, respectively. (2) Emerging Brands portfolio balances for the quarter and six month period ended June 28, 2020 include eOne brands PEPPA PIG, PJ MASKS and RICKY ZOOM. (3) TV/Film/Entertainment represents eOne revenues not allocated to the Emerging Brands portfolio.

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration