v3.22.2.2
Segment Reporting (Tables)
 9 Months Ended
Sep. 25, 2022
Segment Reporting [Abstract]  
Information by Segment and Reconciliation to Reported Amounts
Information by segment and a reconciliation to reported amounts for the quarters and nine months ended September 25, 2022 and September 26, 2021 are as follows:
Quarter Ended
September 25, 2022September 26, 2021
Net revenuesExternal
Affiliate (c)
External
Affiliate (c)
Consumer Products$1,160.8 $113.2 $1,282.7 $(149.6)
Wizards of the Coast and Digital Gaming303.5 39.4 360.2 (38.0)
Entertainment211.6 14.6 327.1 (13.7)
Corporate and Other (a)
— (167.2)— 201.3 
$1,675.9 $— $1,970.0 $— 
Nine Months Ended
September 25, 2022September 26, 2021
Net revenuesExternal
Affiliate (c)
External
Affiliate (c)
Consumer Products$2,567.8 $350.3 $2,625.8 $(316.8)
Wizards of the Coast and Digital Gaming986.1 122.1 1,008.7 (93.1)
Entertainment624.3 41.3 772.5 (40.4)
Corporate and Other (a)
— (513.7)— 450.3 
$4,178.2 $— $4,407.0 $— 
Operating Profit (Loss) by Segment
Quarter EndedNine Months Ended
Operating profit (loss)September 25,
2022		September 26,
2021		September 25,
2022		September 26,
2021
Consumer Products (a)
$136.8 $210.4 $138.9 $260.5 
Wizards of the Coast and Digital Gaming102.2 159.4 434.2 462.3 
Entertainment (a)
(28.9)22.4 (2.4)(74.3)
Corporate and Other (a)
(15.8)(24.3)(37.3)(56.7)
$194.3 $367.9 $533.4 $591.8 
Total Assets by Segment
Total assetsSeptember 25,
2022		September 26,
2021		December 26,
2021
Consumer Products (b)
$5,817.9 $4,754.0 $4,925.5 
Wizards of the Coast and Digital Gaming2,646.6 915.1 1,585.1 
Entertainment (a)
6,158.5 5,570.0 6,052.8 
Corporate and Other (a)
(4,996.9)(1,008.7)(2,525.6)
$9,626.1 $10,230.4 $10,037.8 
(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) During the second quarter of 2021, the Company adjusted certain inter-segment balance sheet amounts which impacted the Consumer Products and Corporate and Other total asset values. These adjustments did not impact the Company's total assets.
(c) 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 and nine months ended September 25, 2022 and September 26, 2021:
Quarter EndedNine Months Ended
September 25,
2022		September 26,
2021		September 25,
2022		September 26,
2021
North America$693.3 $805.0 $1,531.8 $1,559.1 
Europe271.6 304.2 610.4 669.2 
Asia Pacific82.8 75.5 201.6 208.7 
Latin America113.1 98.0 224.0 188.8 
Net revenues$1,160.8 $1,282.7 $2,567.8 $2,625.8 
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 and nine months ended September 25, 2022 and September 26, 2021:
Quarter EndedNine Months Ended
September 25,
2022		September 26,
2021		September 25,
2022		September 26,
2021
Tabletop Gaming$246.3 $269.4 $800.3 $760.1 
Digital and Licensed Gaming57.2 90.8 185.8 248.6 
Net revenues$303.5 $360.2 $986.1 $1,008.7 
The following table represents consolidated Entertainment segment net revenues by category for the quarters and nine months ended September 25, 2022 and September 26, 2021:
Quarter EndedNine Months Ended
September 25,
2022		September 26,
2021		September 25,
2022		September 26,
2021
Film and TV$188.6 $255.4 $527.0 $586.1 
Family Brands13.6 60.5 59.6 105.4 
Music and Other9.4 11.2 37.7 81.0 
Net revenues$211.6 $327.1 $624.3 $772.5 
The following table presents consolidated net revenues by brand and entertainment portfolio for the quarters and nine months ended September 25, 2022 and September 26, 2021:
Quarter EndedNine Months Ended
September 25,
2022		September 26,
2021		September 25,
2022		September 26,
2021
Franchise Brands (1)
$814.1 $925.1 $2,101.1 $2,125.4 
Partner Brands349.9 366.7 775.8 766.7 
Hasbro Gaming (2)
211.3 281.9 480.7 565.3 
Emerging Brands (1)
123.4 134.4 291.8 297.2 
TV/Film/Entertainment177.2 261.9 528.8 652.4 
Total $1,675.9 $1,970.0 $4,178.2 $4,407.0 
(1) Effective in the first quarter of 2022, the Company moved PEPPA PIG into Franchise Brands from Emerging Brands. For comparability, net revenues for the quarter and nine months ended September 26, 2021 have been restated to reflect the elevation of PEPPA PIG from Emerging Brands to Franchise Brands, which amounted to a change of $43.1 million and $102.0 million, respectively.
(2) Hasbro's total gaming category, which includes all gaming net revenues, both those reported in Hasbro Gaming and those reported elsewhere, most notably MAGIC: THE GATHERING and MONOPOLY which are reported within Franchise Brands, totaled $508.6 million and $1,415.7 million for the quarter and nine months ended September 25, 2022, respectively. For the quarter and nine months ended September 26, 2021, total gaming revenues were $658.6 million and $1,543.3 million, respectively.