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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in the carrying amount of goodwill, by operating segment, for the years ended December 31, 2023 and December 25, 2022 are as follows:
(In millions) | Consumer Products |  | Wizards of the Coast and Digital Gaming |  | Entertainment |  |  | Total
2023 |  |  |  |  |  |  |  |
Balance at December 25, 2022 | $ | 1,584.7 |  |  | 371.5 |  |  | 1,513.9 |  |  |  | 3,470.1 |
Impairment during the period | — |  |  | — |  |  | (1,191.2) |  |  |  | (1,191.2) |
Foreign exchange translation | (2.4) |  |  | 0.2 |  |  | 2.5 |  |  |  | 0.3 |
Balance at December 31, 2023 | $ | 1,582.3 |  |  | 371.7 |  |  | 325.2 |  |  |  | 2,279.2 |
2022 |  |  |  |  |  |  |  |
Balance at December 26, 2021 | $ | 1,584.9 |  |  | 307.3 |  |  | 1,527.4 |  |  |  | 3,419.6 |
Acquired during the period | — |  |  | 64.7 |  |  | — |  |  |  | 64.7 |
Impairment during the period | — |  |  | — |  |  | (11.8) |  |  |  | (11.8) |
Foreign exchange translation | (0.2) |  |  | (0.5) |  |  | (1.7) |  |  |  | (2.4) |
Balance at December 25, 2022 | $ | 1,584.7 |  |  | 371.5 |  |  | 1,513.9 |  |  |  | 3,470.1 |
Schedule of Finite-Lived Intangible Assets | The following table represents a summary of the Company’s other intangible assets, net at December 31, 2023 and December 25, 2022:
(In millions) | 2023 |  | 2022
Acquired product rights | $ | 1,763.8 |  |  | 2,112.1 |
Licensed rights of entertainment properties | 45.0 |  |  | 45.0 |
Impairment | (116.0) |  |  | (281.0) |
Accumulated amortization | (1,181.0) |  |  | (1,137.2) |
Amortizable intangible assets | 511.8 |  |  | 738.9 |
Product rights with indefinite lives | 75.7 |  |  | 75.7 |
Total other intangibles assets, net | $ | 587.5 |  |  | 814.6 |
Schedule of Indefinite-Lived Intangible Assets | The following table represents a summary of the Company’s other intangible assets, net at December 31, 2023 and December 25, 2022:
(In millions) | 2023 |  | 2022
Acquired product rights | $ | 1,763.8 |  |  | 2,112.1 |
Licensed rights of entertainment properties | 45.0 |  |  | 45.0 |
Impairment | (116.0) |  |  | (281.0) |
Accumulated amortization | (1,181.0) |  |  | (1,137.2) |
Amortizable intangible assets | 511.8 |  |  | 738.9 |
Product rights with indefinite lives | 75.7 |  |  | 75.7 |
Total other intangibles assets, net | $ | 587.5 |  |  | 814.6 |
Schedule of Expected Amortization Expense | The Company currently estimates amortization expense related to the above intangible assets for the next five years to be approximately:
| (In millions)
2024 | $ | 68.1 |
2025 | 65.5 |
2026 | 57.6 |
2027 | 57.6 |
2028 | 57.5 |

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