Restructuring Actions |
9 Months Ended |
|---|---|
Sep. 25, 2022 | |
| Restructuring Charges [Abstract] | |
| Restructuring Actions | Restructuring Actions During the third quarter of 2022, the Company took certain restructuring actions related to the Company's strategic review which resulted in severance and other employee charges of $21.3 million recorded in Selling, Distribution and Administration within the Corporate and Other segment and a loss of $26.7 million of non-cash charges related to the sale or disposal of non-strategic businesses, recorded as assets held for sale of $23.1 million and program cost amortization of $3.7 million recorded within the Entertainment segment. These businesses do not constitute a material part of the Company's operations. See Note 1 for additional information related to these charges. During 2018 and 2020, the Company took certain restructuring actions including headcount reduction aimed at right-sizing the Company’s cost-structure and integration actions related to the acquisition of eOne. As of September 25, 2022, the Company had a remaining balance of $26.8 million in termination payments related to these restructuring programs.
|