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v3.22.1

Segment Reporting (Tables) | 3 Months Ended
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Mar. 27, 2022
Segment Reporting [Abstract] |
Information by Segment and Reconciliation to Reported Amounts | Information by segment and a reconciliation to reported amounts for the quarters ended March 27, 2022 and March 28, 2021 are as follows:
| Quarter Ended
| March 27, 2022 |  | March 28, 2021
Net revenues | External |  | Affiliate (c) |  | External |  | Affiliate (c)
Consumer Products | $ | 672.8 |  |  | $ | 91.9 |  |  | $ | 653.9 |  |  | $ | 70.3 |
Wizards of the Coast and Digital Gaming | 262.8 |  |  | 29.8 |  |  | 242.2 |  |  | 25.4 |
Entertainment | 227.5 |  |  | 13.9 |  |  | 218.7 |  |  | 14.1 |
Corporate and Other (a) | — |  |  | (135.6) |  |  | — |  |  | (109.8) |
| $ | 1,163.1 |  |  | $ | — |  |  | $ | 1,114.8 |  |  | $ | — |
Operating Profit (Loss) by Segment |
| Quarter Ended |  |
Operating profit (loss) | March 27, 2022 |  | March 28, 2021 |  |  |  |
Consumer Products (a) | $ | 8.6 |  |  | $ | 32.3 |  |  |  |  |
Wizards of the Coast and Digital Gaming | 106.4 |  |  | 110.0 |  |  |  |  |
Entertainment (a) | 12.2 |  |  | 17.0 |  |  |  |  |
Corporate and Other (a) | (7.2) |  |  | (12.0) |  |  |  |  |
| $ | 120.0 |  |  | $ | 147.3 |  |  |  |  |
Total Assets by Segment |
Total assets | March 27, 2022 |  | March 28, 2021 |  | December 26, 2021
Consumer Products (b) | $ | 4,817.9 |  |  | $ | 5,567.7 |  |  | $ | 4,925.5 |
Wizards of the Coast and Digital Gaming | 1,877.7 |  |  | 616.9 |  |  | 1,585.1 |
Entertainment (a) | 6,214.4 |  |  | 6,106.8 |  |  | 6,052.8 |
Corporate and Other (a) | (3,391.3) |  |  | (2,102.3) |  |  | (2,525.6) |
| $ | 9,518.7 |  |  | $ | 10,189.1 |  |  | $ | 10,037.8 |
(a) Certain long-term assets, including property, plant and equipment, goodwill and other intangibles, which benefit multiple operating segments, are included in both Entertainment and Corporate and Other. Allocations of certain Corporate and Other expenses, related to these assets are made to the individual operating segments at the beginning of the year based on budgeted amounts. Any differences between actual and budgeted amounts are reflected in Corporate and Other because allocations are translated from the U.S. Dollar to local currency at budgeted rates when recorded. Beginning in 2022, the Company has allocated certain of the intangible amortization costs related to the assets acquired in the eOne acquisition, between the Consumer Products and Entertainment segments. Corporate and Other also includes the elimination of inter-company balance sheet amounts. (b) During the second quarter of 2021, the Company adjusted certain inter-segment balance sheet amounts which impacted the Consumer Products and Corporate and Other total asset values. These adjustments did not impact the Company's total assets. (c) Amounts represent revenues from transactions with other operating segments that are included in the operating profit (loss) of the segment.
Schedule of Net Revenues by Major Geographic Region | The following table represents consolidated Consumer Products segment net revenues by major geographic region for the quarters ended March 27, 2022 and March 28, 2021:
| Quarter Ended |  |
| March 27, 2022 |  | March 28, 2021 |  |  |  |
North America | $ | 405.2 |  |  | $ | 362.7 |  |  |  |  |
Europe | 176.7 |  |  | 188.5 |  |  |  |  |
Asia Pacific | 52.2 |  |  | 64.8 |  |  |  |  |
Latin America | 38.7 |  |  | 37.9 |  |  |  |  |
Net revenues | $ | 672.8 |  |  | $ | 653.9 |  |  |  |  |
Schedules of Net Revenues by Category | The following table represents consolidated Wizards of the Coast and Digital Gaming segment net revenues by category for the quarters ended March 27, 2022 and March 28, 2021:
| Quarter Ended
| March 27, 2022 |  | March 28, 2021
Tabletop Gaming | $ | 192.2 |  |  | $ | 175.3 |
Digital and Licensed Gaming | 70.6 |  |  | 66.9 |
Net revenues | $ | 262.8 |  |  | $ | 242.2 |
The following table represents consolidated Entertainment segment net revenues by category for the quarters ended March 27, 2022 and March 28, 2021:
| Quarter Ended |  |
| March 27, 2022 |  | March 28, 2021 |  |  |  |
Film and TV | $ | 190.2 |  |  | $ | 166.4 |  |  |  |  |
Family Brands | 23.2 |  |  | 18.8 |  |  |  |  |
Music and Other | 14.1 |  |  | 33.5 |  |  |  |  |
Net revenues | $ | 227.5 |  |  | $ | 218.7 |  |  |  |  |
The following table presents consolidated net revenues by brand and entertainment portfolio for the quarters ended March 27, 2022 and March 28, 2021:
| Quarter Ended |  |
| March 27, 2022 |  | March 28, 2021 |  |  |  |
Franchise Brands (1) | $ | 543.1 |  |  | $ | 523.1 |  |  |  |  |
Partner Brands | 206.5 |  |  | 188.0 |  |  |  |  |
Hasbro Gaming (2) | 143.6 |  |  | 136.3 |  |  |  |  |
Emerging Brands (1) | 76.4 |  |  | 73.1 |  |  |  |  |
TV/Film/Entertainment | 193.5 |  |  | 194.3 |  |  |  |  |
Total | $ | 1,163.1 |  |  | $ | 1,114.8 |  |  |  |  |
(1) Effective in the first quarter of 2022, the Company moved PEPPA PIG into Franchise Brands from Emerging Brands. For comparability, net revenues for the quarter ended March 28, 2021 have been restated to reflect the elevation of PEPPA PIG from Emerging Brands to Franchise Brands, which amounted to a change of $31.6 million. (2) 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 which are reported within Franchise Brands, totaled $378.8 million and $365.3 million for the quarters ended March 27, 2022 and March 28, 2021, respectively.

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