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v3.23.1

Segment Reporting (Tables) | 3 Months Ended
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Apr. 02, 2023
Segment Reporting [Abstract] |
Schedule of Information by Segment and Reconciliation to Reported Amounts | Information by segment and a reconciliation to reported amounts for the quarters ended April 2, 2023 and March 27, 2022 are as follows:
| Quarter Ended
| April 2, 2023 |  | March 27, 2022
Net revenues | External |  | Affiliate (b) |  | External |  | Affiliate (b)
Consumer Products | $ | 520.4 |  |  | $ | 73.3 |  |  | $ | 672.8 |  |  | $ | 91.9 |
Wizards of the Coast and Digital Gaming | 295.2 |  |  | 47.8 |  |  | 262.8 |  |  | 29.8 |
Entertainment | 185.4 |  |  | 13.1 |  |  | 227.5 |  |  | 13.9 |
Corporate and Other (a) | — |  |  | (134.2) |  |  | — |  |  | (135.6) |
| $ | 1,001.0 |  |  | $ | — |  |  | $ | 1,163.1 |  |  | $ | — |
Schedule of Operating Profit (Loss) by Segment |
| Quarter Ended |  |
Operating profit (loss) | April 2, 2023 |  | March 27, 2022 |  |  |  |
Consumer Products (a) | $ | (46.0) |  |  | $ | 8.6 |  |  |  |  |
Wizards of the Coast and Digital Gaming | 76.8 |  |  | 106.4 |  |  |  |  |
Entertainment (a) | (8.7) |  |  | 12.2 |  |  |  |  |
Corporate and Other (a) | (4.2) |  |  | (7.2) |  |  |  |  |
| $ | 17.9 |  |  | $ | 120.0 |  |  |  |  |
Schedule of Total Assets by Segment |
Total assets | April 2, 2023 |  | March 27, 2022 |  | December 25, 2022
Consumer Products | $ | 5,533.3 |  |  | $ | 4,817.9 |  |  | $ | 5,757.7 |
Wizards of the Coast and Digital Gaming | 3,256.8 |  |  | 1,877.7 |  |  | 2,968.7 |
Entertainment (a) | 6,272.7 |  |  | 6,214.4 |  |  | 6,273.3 |
Corporate and Other (a) | (6,139.1) |  |  | (3,391.3) |  |  | (5,703.8) |
| $ | 8,923.7 |  |  | $ | 9,518.7 |  |  | $ | 9,295.9 |
(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) 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 April 2, 2023 and March 27, 2022:
| Quarter Ended |  |
| April 2, 2023 |  | March 27, 2022 |  |  |  |
North America | $ | 279.1 |  |  | $ | 405.2 |  |  |  |  |
Europe | 131.6 |  |  | 176.7 |  |  |  |  |
Asia Pacific | 63.3 |  |  | 52.2 |  |  |  |  |
Latin America | 46.4 |  |  | 38.7 |  |  |  |  |
Net revenues | $ | 520.4 |  |  | $ | 672.8 |  |  |  |  |
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 April 2, 2023 and March 27, 2022:
| Quarter Ended |  |
| April 2, 2023 |  | March 27, 2022 |  |  |  |
Tabletop Gaming | $ | 217.9 |  |  | $ | 192.2 |  |  |  |  |
Digital and Licensed Gaming | 77.3 |  |  | 70.6 |  |  |  |  |
Net revenues | $ | 295.2 |  |  | $ | 262.8 |  |  |  |  |
The following table represents consolidated Entertainment segment net revenues by category for the quarters ended April 2, 2023 and March 27, 2022:
| Quarter Ended |  |
| April 2, 2023 |  | March 27, 2022 |  |  |  |
Film and TV | $ | 168.4 |  |  | $ | 190.2 |  |  |  |  |
Family Brands | 17.0 |  |  | 23.2 |  |  |  |  |
Music and Other | — |  |  | 14.1 |  |  |  |  |
Net revenues | $ | 185.4 |  |  | $ | 227.5 |  |  |  |  |
The following table presents consolidated net revenues by brand portfolio for the quarters ended April 2, 2023 and March 27, 2022:
| Quarter Ended |  |
Net revenues | April 2, 2023 |  | March 27, 2022 |  |  |  |
Franchise Brands | $ | 613.4 |  |  | $ | 650.4 |  |  |  |  |
Partner Brands | 132.7 |  |  | 206.5 |  |  |  |  |
Portfolio Brands | 92.0 |  |  | 112.6 |  |  |  |  |
Non-Hasbro Branded Film & TV | 162.9 |  |  | 193.6 |  |  |  |  |
Total | $ | 1,001.0 |  |  | $ | 1,163.1 |  |  |  |  |

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