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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Contract Assets and Liabilities | The changes in carrying amounts of contract assets and liabilities for the six months ended June 30, 2024 and July 2, 2023 are as follows:
| June 30, 2024 |  | July 2, 2023
Assets |  |  |
Balance at beginning of the year | $ | 213.3 |  |  | $ | 594.4 |
Recognized in current year | 135.8 |  |  | 320.3 |
Amounts reclassified to accounts receivable | (109.6) |  |  | (352.1) |
Foreign currency impact | (2.3) |  |  | 7.3 |
Ending Balance | $ | 237.2 |  |  | $ | 569.9 |
Liabilities |  |  |
Balance at beginning of the year | $ | 230.8 |  |  | $ | 113.0 |
Recognized in current year | 131.9 |  |  | 164.0 |
Amounts in beginning balance reclassified to revenue | (45.4) |  |  | (58.8) |
Current year amounts reclassified to revenue | (58.5) |  |  | (97.9) |
Foreign currency impact | 0.1 |  |  | (1.0) |
Ending Balance | $ | 258.9 |  |  | $ | 119.3 |
Schedule of Activity in Allowance for Credit Losses | A summary of the activity in the allowance for credit losses for the six months ended June 30, 2024 and July 2, 2023 are as follows:
| June 30, 2024 |  | July 2, 2023
Balance at beginning of the year | $ | 12.7 |  |  | $ | 20.0 |
Charged to costs and expenses, net | 1.8 |  |  | 1.5 |
Customer accounts written off—net of recoveries | (0.6) |  |  | — |
Foreign currency impact | (0.8) |  |  | 0.7 |
Ending balance | $ | 13.1 |  |  | $ | 22.2 |
Schedule of Operating Profit (Loss) by Segment | The following table represents consolidated Consumer Products segment net revenues by major geographic region for the three and six months ended June 30, 2024 and July 2, 2023:
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | July 2, 2023 |  | June 30, 2024 |  | July 2, 2023
North America | $ | 306.1 |  |  | $ | 382.0 |  |  | $ | 545.2 |  |  | $ | 661.1 |
Europe | 92.0 |  |  | 131.9 |  |  | 179.5 |  |  | 263.5 |
Asia Pacific | 62.6 |  |  | 66.4 |  |  | 111.4 |  |  | 129.7 |
Latin America | 63.8 |  |  | 74.9 |  |  | 101.4 |  |  | 121.3 |
Net revenues | $ | 524.5 |  |  | $ | 655.2 |  |  | $ | 937.5 |  |  | $ | 1,175.6 |
Schedule of Net Revenues by Geographic Regions | The following table represents consolidated Wizards of the Coast and Digital Gaming segment net revenues by category for the three and six months ended June 30, 2024 and July 2, 2023:
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | July 2, 2023 |  | June 30, 2024 |  | July 2, 2023
Tabletop Gaming | $ | 307.6 |  |  | $ | 298.5 |  |  | $ | 535.8 |  |  | $ | 516.4 |
Digital and Licensed Gaming | 144.4 |  |  | 77.1 |  |  | 232.5 |  |  | 154.4 |
Net revenues | $ | 452.0 |  |  | $ | 375.6 |  |  | $ | 768.3 |  |  | $ | 670.8 |
The following table represents consolidated Entertainment segment net revenues by category for the three and six months ended June 30, 2024 and July 2, 2023:
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | July 2, 2023 |  | June 30, 2024 |  | July 2, 2023
Film and TV (1) | $ | 1.8 |  |  | $ | 153.3 |  |  | $ | 1.8 |  |  | $ | 321.7 |
Family Brands | 17.0 |  |  | 25.9 |  |  | 45.0 |  |  | 42.9 |
Net revenues | $ | 18.8 |  |  | $ | 179.2 |  |  | $ | 46.8 |  |  | $ | 364.6 |
(1) Net revenues from the Company's Film and TV portfolio were primarily associated with the Company's non-core eOne Film and TV business sold to Lionsgate during the fourth quarter of 2023. The following table presents consolidated net revenues by brand portfolio for the three and six months ended June 30, 2024 and July 2, 2023:
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | July 2, 2023 |  | June 30, 2024 |  | July 2, 2023
Franchise Brands | $ | 786.6 |  |  | $ | 788.4 |  |  | $ | 1,393.1 |  |  | $ | 1,401.8 |
Partner Brands | 124.6 |  |  | 172.9 |  |  | 212.3 |  |  | 305.6 |
Portfolio Brands | 84.1 |  |  | 107.9 |  |  | 147.2 |  |  | 200.0 |
Non-Hasbro Branded Film & TV (1) | — |  |  | 140.8 |  |  | — |  |  | 303.6 |
Net revenues | $ | 995.3 |  |  | $ | 1,210.0 |  |  | $ | 1,752.6 |  |  | $ | 2,211.0 |
(1) Net revenues from the Company's Non-Hasbro-branded Film and TV portfolio were associated with the Company's non-core eOne Film and TV business sold to Lionsgate during the fourth quarter of 2023.

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
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