v3.25.2
Segment Reporting - Segment Reporting Information, by Segment (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2025
USD ($)
Jun. 30, 2024
USD ($)
adjustment
Jun. 29, 2025
USD ($)
Jun. 30, 2024
USD ($)
adjustment
Segment Reporting, Revenue Reconciling Item [Line Items]        
Revenues $ 1,133.9 $ 1,142.2   $ 2,014.4
Total net revenues 980.8 995.3 $ 1,867.9 1,752.6
Cost of sales 225.3 237.7 429.8 441.9
Program cost amortization 6.2 8.5 13.6 16.6
Royalties 84.5 55.3 141.5 106.2
Advertising 63.6 60.4 119.0 111.9
Amortization of intangible assets 17.2 17.1 34.2 34.1
Distribution 45.1 46.6 85.3 87.0
Managed expense 1,337.1 357.6 1,672.0 626.6
Operating profit (loss) (798.2) 212.1 (627.5) 328.3
Reconciliation to Earnings (loss) before income taxes:        
Interest expense 40.6 43.0 82.2 81.5
Interest income (5.4) (13.0) (14.3) (21.3)
Other (income) expense, net (18.7) (0.8) (17.3) 4.2
Earnings (loss) before income taxes (814.7) 182.9 (678.1) 263.9
Impairment of goodwill 1,021.9 $ 0.0 1,021.9 $ 0.0
Segment reporting, number of non recurring prior year adjustments | adjustment   2   2
Selling, distribution and administration 282.8 $ 318.5 552.4 $ 553.3
Loss on disposal of business 0.0 15.3 25.0 24.4
Revision of Prior Period, Error Correction, Adjustment        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Cost of sales   26.7   26.7
Reconciliation to Earnings (loss) before income taxes:        
Selling, distribution and administration   31.1 31.1 31.1
Operating Segments        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Revenues     2,139.8  
Corporate and Other        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Revenues 41.2 34.2 70.0 63.4
Total net revenues 0.0 0.0 0.0 0.0
Cost of sales 0.0 (26.6) (0.2) (26.7)
Program cost amortization 0.0 0.0 0.0 0.0
Royalties (1.3) 0.7 3.2 0.8
Advertising 0.1 2.1 (1.4) 1.5
Amortization of intangible assets 0.1 0.2 0.1 0.2
Distribution 0.9 (0.1) 0.2 0.0
Managed expense 16.9 48.4 19.0 14.4
Operating profit (loss) (16.7) (24.7) (20.9) 9.8
Intersegment Eliminations        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Revenues 153.1 146.9 271.9 261.8
Wizards of the Coast and Digital Gaming        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total net revenues 522.4 452.0 984.5 768.3
Reconciliation to Earnings (loss) before income taxes:        
Impairment of goodwill     0.0  
Wizards of the Coast and Digital Gaming | Operating Segments        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Revenues 571.2 488.0 1,076.9 842.2
Total net revenues 522.4 452.0   768.3
Cost of sales 78.2 67.8 152.0 129.1
Program cost amortization 0.0 0.0 0.0 0.0
Royalties 40.6 10.7 50.8 21.2
Advertising 26.8 20.2 53.1 44.5
Amortization of intangible assets 2.1 2.0 4.2 4.1
Distribution 10.9 7.7 20.0 14.4
Managed expense 121.9 96.5 232.6 185.1
Operating profit (loss) 241.9 247.1 471.8 369.9
Wizards of the Coast and Digital Gaming | Intersegment Eliminations        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Revenues 48.8 36.0 92.4 73.9
Consumer Products        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total net revenues     840.7  
Reconciliation to Earnings (loss) before income taxes:        
Impairment of goodwill     1,021.9  
Consumer Products | Operating Segments        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Revenues 493.4 589.2 926.8 1,041.5
Total net revenues 442.4 524.5 840.7 937.5
Cost of sales 145.5 194.6 275.3 336.2
Program cost amortization 0.0 0.0 0.0 0.0
Royalties 56.7 61.1 107.4 109.4
Advertising 36.6 38.0 67.1 65.6
Amortization of intangible assets 10.1 11.1 20.3 22.2
Distribution 33.3 39.0 65.1 72.6
Managed expense 1,189.7 190.0 1,379.0 387.7
Operating profit (loss) (1,029.5) (9.3) (1,073.5) (56.2)
Consumer Products | Intersegment Eliminations        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Revenues 51.0 64.7 86.1 104.0
Entertainment        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Total net revenues 16.0 18.8 42.7 46.8
Reconciliation to Earnings (loss) before income taxes:        
Impairment of goodwill     0.0  
Entertainment | Operating Segments        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Revenues 28.1 30.8 66.1 67.3
Total net revenues 16.0 18.8   46.8
Cost of sales 1.6 1.9 2.7 3.3
Program cost amortization 6.2 8.5 13.6 16.6
Royalties (11.5) (17.2) (19.9) (25.2)
Advertising 0.1 0.1 0.2 0.3
Amortization of intangible assets 4.9 3.8 9.6 7.6
Distribution 0.0 0.0 0.0 0.0
Managed expense 8.6 22.7 41.4 39.4
Operating profit (loss) 6.1 (1.0) (4.9) 4.8
Entertainment | Intersegment Eliminations        
Segment Reporting, Revenue Reconciling Item [Line Items]        
Revenues $ 12.1 $ 12.0 $ 23.4 $ 20.5