XML 55 R39.htm IDEA: XBRL DOCUMENT
v3.22.4

Long-Term Debt (Tables) | 12 Months Ended
--- | ---
Dec. 25, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Components of long-term debt for the fiscal years ended on December 25, 2022 and December 26, 2021 are as follows:
(In millions) | 2022 |  | 2021
| Carrying Cost |  | Fair Value |  | Carrying Cost |  | Fair Value
3.90% Notes Due 2029 | $ | 900.0 |  |  | 808.2 |  |  | $ | 900.0 |  |  | 991.7 |
3.55% Notes Due 2026 | 675.0 |  |  | 635.3 |  |  | 675.0 |  |  | 725.6 |
3.00% Notes Due 2024 | 500.0 |  |  | 482.2 |  |  | 500.0 |  |  | 521.2 |
6.35% Notes Due 2040 | 500.0 |  |  | 498.4 |  |  | 500.0 |  |  | 692.8 |
3.50% Notes Due 2027 | 500.0 |  |  | 465.8 |  |  | 500.0 |  |  | 539.2 |
5.10% Notes Due 2044 | 300.0 |  |  | 261.1 |  |  | 300.0 |  |  | 374.5 |
6.60% Debentures Due 2028 | 109.9 |  |  | 112.1 |  |  | 109.9 |  |  | 136.7 |
Variable % Notes Due December 30, 2024 (1) | 310.0 |  |  | 310.0 |  |  | 397.5 |  |  | 397.5 |
Production Financing Facilities | 53.2 |  |  | 53.2 |  |  | 170.1 |  |  | 170.1 |
Total long-term debt | $ | 3,848.1 |  |  | 3,626.3 |  |  | $ | 4,052.5 |  |  | 4,549.3 |
Less: Deferred debt expenses | 23.7 |  |  | — |  |  | 28.2 |  |  | — |
Less: Current portion | 113.2 |  |  | — |  |  | 200.1 |  |  | — |
Long-term debt | $ | 3,711.2 |  |  | 3,626.3 |  |  | $ | 3,824.2 |  |  | 4,549.3 |
(1) During the first quarter of 2022, the Company repaid $50.0 million of the principal balance of the Variable % Notes Due December 30, 2024.
Contractual Obligation, Fiscal Year Maturity | The Company's long-term borrowings have the following future contractual maturities:
Future long-term borrowings contractual payments | (In millions)
2023* | $ | 60.0 |
2024 | 750.0 |
2025 | — |
2026 | 675.0 |
2027 | 500.0 |
2028 and thereafter | 1,809.9 |
| 3,794.9 |
Production financing facilities | 53.2 |
| $ | 3,848.1 |
* Represents the Company's required quarterly principal amortization payments for term loan facilities in 2023.
Production Financing Loans | The production financing facilities as of December 25, 2022 are as follows:
(In millions) | 2022 |  | 2021
Production financing included in the consolidated balance sheet as: |  |  |
Current liabilities | $ | 195.6 |  |  | 170.1 |
Carrying Amount of Currencies for Production Credit Facilities | The Company has Canadian dollar and U.S. dollar production credit facilities with various banks. The carrying amounts are denominated in the following currencies:
(In millions) | Canadian Facilities |  | U.S. Facilities |  | Total
As of December 25, 2022 | $ | 53.2 |  |  | 142.4 |  |  | 195.6 |
Schedule of Movements in Production Financing and Other Related Loans | The following table represents the movements in production financing loans during 2022:
(In millions) | Production Financing |  |  |  |
December 26, 2021 | $ | 170.1 |  |  |  |  |
Drawdowns | 258.5 |  |  |  |  |
Repayments | (231.5) |  |  |  |  |
Foreign exchange differences | (1.5) |  |  |  |  |
Balance at December 25, 2022 | $ | 195.6 |  |  |  |  |

X
- Definition Carrying Amount of Currencies for Production Credit Facilities [Table Text Block] + References No definition available. + Details
Name: | has_CarryingAmountofCurrenciesforProductionCreditFacilitiesTableTextBlock
Namespace Prefix: | has_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Production Financing Loans [Table Text Block] + References No definition available. + Details
Name: | has_ProductionFinancingLoansTableTextBlock
Namespace Prefix: | has_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Movements In Production Financing And Other Related Loans + References No definition available. + Details
Name: | has_ScheduleOfMovementsInProductionFinancingAndOtherRelatedLoansTableTextBlock
Namespace Prefix: | has_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
Name: | srt_ContractualObligationFiscalYearMaturityScheduleTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + 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) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration