Hasbro (HAS) 10-Q 4 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	9 Months Ended
	Sep. 27, 2015	Oct. 19, 2015	Jun. 26, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	HASBRO INC
Entity Central Index Key	46,080
Current Fiscal Year End Date	--12-27
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 5,864,425,000
Entity Common Stock, Shares Outstanding		124,623,554
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 27, 2015

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 27, 2015	Dec. 28, 2014	Sep. 28, 2014
Current assets
Cash and cash equivalents	$ 551,292	$ 893,167	$ 452,184
Accounts receivable, less allowance for doubtful accounts of $16,200 $15,900 and $21,100	1,390,274	1,094,673	1,314,022
Inventories	447,090	339,572	499,150
Prepaid expenses and other current assets	389,460	391,688	380,833
Total current assets	2,778,116	2,719,100	2,646,189
Property, plant and equipment, less accumulated depreciation of $358,100, $508,600 and $513,700	219,656	237,489	228,019
Other assets
Goodwill	592,781	593,438	593,719
Other intangibles, net, accumulated amortization of $823,900, $797,500 and $782,900	289,200	324,528	337,894
Other	700,493	657,587	702,981
Total other assets	1,582,474	1,575,553	1,634,594
Total assets	4,580,246	4,532,142	4,508,802
Current liabilities
Short-term borrowings	113,970	252,481	78,023
Accounts payable	282,772	212,549	284,023
Accrued liabilities	653,754	609,904	651,982
Total current liabilities	1,050,496	1,074,934	1,014,028
Long-term debt	1,559,895	1,559,895	1,559,895
Other liabilities	385,845	388,919	392,366
Total liabilities	2,996,236	3,023,748	2,966,289
Redeemable noncontrolling interests	41,173	42,730	43,949
Shareholders' equity
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued	0	0	0
Common stock of $0.50 par value. Authorized 600,000,000 shares; issued 209,694,630	104,847	104,847	104,847
Additional paid-in capital	863,543	806,265	786,329
Retained earnings	3,733,995	3,630,072	3,513,546
Accumulated other comprehensive loss	(126,185)	(95,454)	(36,805)
Treasury stock, at cost; 84,987,076 shares at September 27, 2015; 85,168,478 shares at December 28, 2014; and 83,535,298 shares at September 28, 2014	(3,033,363)	(2,980,066)	(2,869,353)
Total shareholders' equity	1,542,837	1,465,664	1,498,564
Total liabilities, redeemable noncontrolling interests and shareholders' equity	$ 4,580,246	$ 4,532,142	$ 4,508,802

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) Parenthetical - USD ($) $ in Thousands	Sep. 27, 2015	Dec. 28, 2014	Sep. 28, 2014
Current assets
Accounts receivable, allowance for doubtful accounts	$ 16,200	$ 15,900	$ 21,100
Property, plant and equipment, accumulated depreciation	358,100	508,600	513,700
Other assets
Other intangibles, accumulated amortization	$ 832,900	$ 797,500	$ 782,900
Shareholders' equity
Preference stock, par value (in dollars per share)	$ 2.50	$ 2.50	$ 2.50
Preference stock, authorized shares (in shares)	5,000,000	5,000,000	5,000,000
Preference stock, issued (in shares)	0	0	0
Common stock, par value (in dollars per share)	$ 0.50	$ 0.50	$ 0.50
Common stock, authorized shares (in shares)	600,000,000	600,000,000	600,000,000
Common stock, issued (in shares)	209,694,630	209,694,630	209,694,630
Treasury stock, at cost; shares (in shares)	84,987,076	85,168,478	83,535,298

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Consolidated Statements of Operations (Unaudited) [Abstract]
Net revenues	$ 1,470,997	$ 1,469,899	$ 2,982,155	$ 2,978,614
Costs and expenses
Cost of sales	579,149	602,766	1,122,283	1,181,647
Royalties	113,950	94,352	230,108	214,466
Product development	64,793	58,220	174,299	157,184
Advertising	142,029	147,492	288,136	296,444
Amortization of intangibles	9,031	12,809	35,330	38,103
Program production cost amortization	11,496	24,374	29,812	35,742
Selling, distribution and administration	247,022	244,072	668,955	643,202
Total costs and expenses	1,167,470	1,184,085	2,548,923	2,566,788
Operating profit	303,527	285,814	433,232	411,826
Non-operating (income) expense
Interest expense	24,045	24,710	72,816	69,940
Interest income	(672)	(745)	(2,292)	(3,236)
Other (income) expense, net	(4,463)	17,795	(9,870)	10,556
Total non-operating expense, net	18,910	41,760	60,654	77,260
Earnings before income taxes	284,617	244,054	372,578	334,566
Income tax expense	78,242	63,899	100,100	90,077
Net earnings	206,375	180,155	272,478	244,489
Net loss attributable to noncontrolling interests	(1,224)	(302)	(3,597)	(1,530)
Net Earnings Attributable to Hasbro, Inc.	$ 207,599	$ 180,457	$ 276,075	$ 246,019
Net earnings attributable to Hasbro, Inc. per common share:
Basic (in dollars per share)	$ 1.66	$ 1.42	$ 2.21	$ 1.90
Diluted (in dollars per share)	1.64	1.40	2.18	1.88
Cash dividends declared per common share (in dollars per share)	$ 0.46	$ 0.43	$ 1.38	$ 1.29

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Consolidated Statements of Comprehensive Earnings [Abstract]
Net earnings	$ 206,375	$ 180,155	$ 272,478	$ 244,489
Other comprehensive earnings (loss):
Foreign currency translation adjustments	(39,086)	(35,682)	(85,755)	(31,640)
Net gains on cash flow hedging activities, net of tax	25,948	44,368	78,576	16,528
Unrealized holding (losses) gains on available-for-sale securities, net of tax	(1,231)	(143)	(290)	3,382
Changes in unrecognized pension and postretirement amounts, net of tax	5,194	0	5,194	0
Reclassifications to earnings, net of tax:
Net (gains) losses on cash flow hedging activities	(12,698)	5,886	(30,117)	7,410
Amortization of unrecognized pension and postretirement amounts	(836)	550	1,661	1,650
Total other comprehensive earnings (loss), net of tax	(22,709)	14,979	(30,731)	(2,670)
Comprehensive earnings	183,666	195,134	241,747	241,819
Comprehensive loss attributable to noncontrolling interests	(1,224)	(302)	(3,597)	(1,530)
Comprehensive earnings attributable to Hasbro, Inc.	$ 184,890	$ 195,436	$ 245,344	$ 243,349

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014
Cash flows from operating activities
Net earnings	$ 272,478	$ 244,489
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of plant and equipment	86,393	82,536
Amortization of intangibles	35,330	38,103
Program production cost amortization	29,812	35,742
Deferred income taxes	(10,236)	(38,930)
Stock-based compensation	33,073	26,869
Change in operating assets and liabilities:
Increase in accounts receivable	(382,573)	(274,182)
Increase in inventories	(156,221)	(172,496)
Decrease in prepaid expenses and other current assets	39,521	37,037
Program Production Costs	(28,222)	(26,393)
Increase in accounts payable and accrued liabilities	165,632	51,305
Other	(15,429)	22,746
Net cash provided by operating activities	69,558	26,826
Cash flows from investing activities
Additions to property, plant and equipment	(97,873)	(78,255)
Proceeds from Divestiture of Businesses	18,632	64,400
Other	20,447	4,009
Net cash utilized by investing activities	(58,794)	(9,846)
Cash flows from financing activities
Net proceeds from borrowings with maturity greater than three months	0	559,986
Repayments of borrowings with maturity greater than three months	0	(425,000)
Net (repayments of) proceeds from other short-term borrowings	(138,101)	71,172
Purchases of common stock	(74,110)	(338,184)
Stock option transactions	33,929	43,447
Excess tax benefits from stock-based compensation	9,804	8,507
Dividends paid	(168,393)	(162,789)
Other financing activities	928	0
Net cash utilized by financing activities	(335,943)	(242,861)
Effect of exchange rate changes on cash	(16,696)	(4,384)
Decrease in cash and cash equivalents	(341,875)	(230,265)
Cash and cash equivalents at beginning of year	893,167	682,449
Cash and cash equivalents at end of period	551,292	452,184
Cash paid during the period for:
Interest	78,056	80,384
Income taxes	$ 80,833	$ 65,286

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 27, 2015
Basis of Presentation [Abstract]
Basis of Presentation	(1) Basis of Presentation In the opinion of management, the accompanying unaudited interim financial statements contain all normal and recurring adjustments necessary to present fairly the financial position of Hasbro, Inc. and all majority-owned subsidiaries ("Hasbro" or the "Company") as of September 27, 2015 and September 28, 2014, and the results of its operations and cash flows for the periods then ended in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and notes thereto. Actual results could differ from those estimates. The quarters ended September 27, 2015 and September 28, 2014 are each 13-week periods. The nine-month periods ended September 27, 2015 and September 28, 2014 are each 39-week periods. The results of operations for the quarter and nine-month periods ended September 27, 2015 are not necessarily indicative of results to be expected for the full year, nor were those of the comparable 2014 periods representative of those actually experienced for the full year 2014. These condensed consolidated financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and disclosures normally included in the consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The Company filed audited consolidated financial statements for the fiscal year ended December 28, 2014 in its Annual Report on Form 10-K, which includes all such information and disclosures and, accordingly, should be read in conjunction with the financial information included herein. The Company's accounting policies are the same as those described in Note 1 to the Company's consolidated financial statements in its Annual Report on Form 10-K for the fiscal year ended December 28, 2014.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 27, 2015
Earnings Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]
Earnings Per Share	(2) Earnings Per Share Net earnings per share data for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014 were computed as follows: 2015 2014 Quarter Basic Diluted Basic Diluted Net earnings attributable to Hasbro, Inc. $ 207,599 207,599 180,457 180,457 Average shares outstanding 125,100 125,100 127,293 127,293 Effect of dilutive securities: Options and other share-based awards - 1,817 - 1,410 Equivalent Shares 125,100 126,917 127,293 128,703 Net earnings attributable to Hasbro, Inc. per common share $ 1.66 1.64 1.42 1.40 2015 2014 Nine Months Basic Diluted Basic Diluted Net earnings attributable to Hasbro, Inc. $ 276,075 276,075 246,019 246,019 Average shares outstanding 125,016 125,016 129,302 129,302 Effect of dilutive securities: Options and other share-based awards - 1,673 - 1,487 Equivalent Shares 125,016 126,689 129,302 130,789 Net earnings attributable to Hasbro, Inc. per common share $ 2.21 2.18 1.90 1.88 For the quarter ended September 27, 2015, no options or restricted stock units were excluded from the calculation of diluted earnings per share as none were antidilutive. For the quarter ended September 28, 2014, options and restricted stock units totaling 675 were excluded from the calculation of diluted earnings per share because to include them would have been antidilutive.

Other Comprehensive Earnings (L

Other Comprehensive Earnings (Loss)	9 Months Ended
	Sep. 27, 2015
Other Comprehensive Earnings (Loss) [Abstract]
Other Comprehensive Earnings (Loss)	(3) Other Comprehensive Earnings (Loss) Components of other comprehensive earnings (loss) are presented within the consolidated statements of comprehensive earnings. The following table presents the related tax effects on changes in other comprehensive earnings (loss) for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014. Quarter Ended Nine Months Ended September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Other comprehensive earnings (loss), tax effect: Tax benefit (expense) on cash flow hedging activities $ (7,400 ) (2,924 ) (11,362 ) 11,987 Tax benefit (expense) on unrealized holding (losses) gains 700 80 164 (1,919 ) Tax expense on changes in unrecognized pension and postretirement amounts (660 ) - (660 ) - Reclassifications to earnings, tax effect: Tax expense (benefit) on cash flow hedging activities 1,487 (2,129 ) 2,537 (2,471 ) Tax expense (benefit) on amortization of unrecognized pension and postretirement amounts 338 (312 ) (942 ) (936 ) Total tax effect on other comprehensive earnings (loss) $ (5,535 ) (5,285 ) (10,263 ) 6,661 Changes in the components of accumulated other comprehensive loss for the nine months ended September 27, 2015 and September 28, 2014 are as follows: Pension and Postretirement Amounts Gains (Losses) on Derivative Instruments Unrealized Holding Gains on Available-for-Sale Securities Foreign Currency Translation Adjustments Total Accumulated Other Comprehensive Loss 2015 Balance at Dec. 28, 2014 $ (113,092 ) 43,689 1,900 (27,951 ) (95,454 ) Current period other comprehensive earnings (loss) 6,855 48,459 (290 ) (85,755 ) (30,731 ) Balance at September 27, 2015 $ (106,237 ) 92,148 1,610 (113,706 ) (126,185 ) 2014 Balance at Dec. 29, 2013 $ (64,841 ) (7,313 ) - 38,019 (34,135 ) Current period other comprehensive earnings (loss) 1,650 23,938 3,382 (31,640 ) (2,670 ) Balance at September 28, 2014 $ (63,191 ) 16,625 3,382 6,379 (36,805 ) At September 27, 2015, the Company had remaining net deferred gains on foreign currency forward contracts, net of tax, of $111,798 in accumulated other comprehensive loss ("AOCE"). These instruments hedge payments related to inventory purchased in the third quarter of 2015 or forecasted to be purchased during the remainder of 2015 and, to a lesser extent, 2016 through 2020, intercompany expenses expected to be paid or received during 2015 and 2016, cash receipts for sales made at the end of the third quarter of 2015 or forecasted to be made in the remainder of 2015 and, to a lesser extent, 2016 through 2017. These amounts will be reclassified into the consolidated statements of operations upon the sale of the related inventory or recognition of the related sales or expenses. In addition to foreign currency forward contracts, the Company entered into hedging contracts on future interest payments related to the long-term notes due 2021 and 2044. At the date of debt issuance, these contracts were terminated and the fair value on the date of settlement was deferred in AOCE and is being amortized to interest expense over the life of the related notes using the effective interest rate method. At September 27, 2015, deferred losses, net of tax, of $19,650 related to these instruments remained in AOCE. For the quarter and nine months ended September 27, 2015, losses of $450 and $1,349, respectively, were reclassified from AOCE to net earnings. For the quarter and nine months ended September 28, 2014, losses of $450 and $707, respectively, were reclassified from AOCE to net earnings. Of the amount included in AOCE at September 27, 2015, the Company expects approximately $64,807 to be reclassified to the consolidated statements of operations within the next 12 months. However, the amount ultimately realized in earnings is dependent on the fair value of the hedging instruments on the settlement dates.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 27, 2015
Financial Instruments (Thousands of Dollars) [Abstract]
Financial Instruments	(4) Financial Instruments The Company's financial instruments include cash and cash equivalents, accounts receivable, short-term borrowings, accounts payable and certain accrued liabilities. At September 27, 2015, September 28, 2014 and December 28, 2014, the carrying cost of these instruments approximated their fair value. The Company's financial instruments at September 27, 2015, September 28, 2014 and December 28, 2014 also include certain assets and liabilities measured at fair value (see Notes 6 and 8) as well as long-term borrowings. The carrying costs of the long-term borrowings are equal to the outstanding principal amounts, and fair values of the Company's long-term borrowings as of September 27, 2015, September 28, 2014 and December 28, 2014 are as follows: September 27, 2015 September 28, 2014 December 28, 2014 Carrying Cost Fair Value Carrying Cost Fair Value Carrying Cost Fair Value 6.35% Notes Due 2040 $ 500,000 563,400 500,000 602,050 500,000 617,700 6.30% Notes Due 2017 350,000 379,925 350,000 392,595 350,000 387,660 5.10% Notes Due 2044 300,000 291,900 300,000 310,500 300,000 316,980 3.15% Notes Due 2021 300,000 303,990 300,000 302,130 300,000 302,700 6.60% Debentures Due 2028 109,895 123,225 109,895 125,764 109,895 128,698 Total long-term debt $ 1,559,895 1,662,440 1,559,895 1,733,039 1,559,895 1,753,738 In May 2014, the Company issued $600,000 in long-term debt consisting of $300,000 of 3.15% Notes Due in 2021 and $300,000 of 5.10% Notes Due in 2044 (collectively, the "Notes"). The Company may redeem the Notes at its option at the greater of the principal amount of the Notes or the present value of the remaining scheduled payments discounted using the effective interest rate on applicable U.S. Treasury bills at the time of repurchase. The fair values of the Company's long-term debt are considered Level 3 fair values (see Note 6 for further discussion of the fair value hierarchy) and are measured using the discounted future cash flows method. In addition to the debt terms, the valuation methodology includes an assumption of a discount rate that approximates the current yield on a similar debt security. This assumption is considered an unobservable input in that it reflects the Company's own assumptions about the inputs that market participants would use in pricing the asset or liability. The Company believes that this is the best information available for use in the fair value measurement.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 27, 2015
Income Taxes (Thousands of Dollars) [Abstract]
Income Taxes	(5) Income Taxes The Company and its subsidiaries file income tax returns in the United States and various state and international jurisdictions. In the normal course of business, the Company is regularly audited by U.S. federal, state and local and international tax authorities in various tax jurisdictions. The Company is no longer subject to U.S. federal income tax examinations for years before 2013. With few exceptions, the Company is no longer subject to U.S., state or local and non-U.S. income tax examinations by tax authorities in its major jurisdictions for years before 2009. The Company is currently under income tax examination in several U.S., state and local and non-U.S. jurisdictions.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 27, 2015
Fair Value of Financial Instruments (Thousands of Dollars) [Abstract]
Fair Value of Financial Instruments	(6) Fair Value of Financial Instruments The Company measures certain financial instruments at fair value. The fair value hierarchy consists of three levels: Level 1 fair values are based on quoted market prices in active markets for identical assets or liabilities that the entity has the ability to access; Level 2 fair values are those based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities; and Level 3 fair values are based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Accounting standards permit entities to measure many financial instruments and certain other items at fair value and establish presentation and disclosure requirements designed to facilitate comparisons between entities that choose different measurement attributes for similar assets and liabilities. The Company has elected the fair value option for certain available-for-sale investments. At September 27, 2015, September 28, 2014 and December 28, 2014, these investments totaled $22,834, $24,292 and $23,560, respectively, and are included in prepaid expenses and other current assets in the consolidated balance sheets. The Company recorded net losses of $176 and $246 on these investments in other (income) expense, net for the quarter and nine-months ended September 27, 2015, respectively, related to the change in fair value of such instruments. For the quarter and nine-month periods ended September 28, 2014 the Company recorded net gains and interest income of $247 and $2,487, respectively, in other (income) expense, net, related to the change in fair value of such instruments. At September 27, 2015, September 28, 2014 and December 28, 2014, the Company had the following assets and liabilities measured at fair value in its consolidated balance sheets: Fair Value Measurements Using: Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) September 27, 2015 Assets: Available-for-sale securities $ 26,863 4,029 11,664 11,170 Derivatives 119,123 - 119,123 - Total assets $ 145,986 4,029 130,787 11,170 Liabilities: Derivatives $ 605 - 605 - Option agreement 24,780 - - 24,780 Total liabilities $ 25,385 - 605 24,780 September 28, 2014 Assets: Available-for-sale securities $ 31,097 6,805 18,632 5,660 Derivatives 41,475 - 41,475 - Total assets $ 72,572 6,805 60,107 5,660 Liabilities: Derivatives $ 3,426 - 3,426 - Option agreement 25,590 - - 25,590 Total Liabilities $ 29,016 - 3,426 25,590 December 28, 2014 Assets: Available-for-sale securities $ 28,042 4,482 17,773 5,787 Derivatives 69,148 - 69,148 - Total assets $ 97,190 4,482 86,921 5,787 Liabilities: Derivatives $ 2,591 - 2,591 - Option agreement 25,340 - - 25,340 Total Liabilities $ 27,931 - 2,591 25,340 Available-for-sale securities include equity securities of one company quoted on an active public market as well as certain investments valued at net asset values quoted on private markets that are not active. These net asset values are predominantly based on underlying investments which are traded on an active market; investments are redeemable within 45 days. T The Company's derivatives consist primarily of foreign currency forward contracts. The Company uses current forward rates of the respective foreign currencies to measure the fair value of these contracts. Inputs used in the option pricing model include the volatility and fair value of the underlying company which are considered unobservable inputs as they reflect the Company's own assumptions about the inputs that market participants would use in pricing the asset or liability. The Company believes that this is the best information available for use in the fair value measurement. There were no changes in these valuation techniques during the first nine months of 2015. The following is a reconciliation of the beginning and ending balances of the fair value measurements of the Company's financial instruments which use significant unobservable inputs (Level 3): 2015 2014 Balance at beginning of year $ (19,553 ) 5,484 Purchases 5,000 - Issuance of option agreement - (25,590 ) Gain from change in fair value 943 176 Balance at end of third quarter $ (13,610 ) (19,930 )

Pension and Postretirement Bene

Pension and Postretirement Benefits	9 Months Ended
	Sep. 27, 2015
Pension and Postretirement Benefits (Thousands of Dollars) [Abstract]
Pension and Postretirement Benefits	(7) Pension and Postretirement Benefits The components of the net periodic cost of the Company's defined benefit pension and other postretirement plans for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014 are as follows: Quarter Ended Pension Postretirement September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Service cost $ 1,006 921 150 137 Interest cost 4,603 4,953 285 332 Expected return on assets (5,476 ) (5,469 ) - - Net amortization and deferrals 2,202 1,210 (114 ) (114 ) Curtailment 643 - (3,842 ) - Net periodic benefit cost $ 2,978 1,615 (3,521 ) 355 Nine Months Ended Pension Postretirement September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Service cost $ 3,038 2,861 450 412 Interest cost 13,827 15,064 855 997 Expected return on assets (16,452 ) (16,587 ) - - Net amortization and deferrals 6,610 3,713 (341 ) (341 ) Curtailment 781 - (3,842 ) - Net periodic benefit cost $ 7,804 5,051 (2,878 ) 1,068 During the first nine months of fiscal 2015, the Company made cash contributions to its defined benefit pension plans of approximately $10,760 in the aggregate. The Company expects to contribute approximately $3,240 during the remainder of fiscal 2015.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 27, 2015
Derivative Financial Instruments (Thousands of Dollars) [Abstract]
Derivative Financial Instruments	(8) Derivative Financial Instruments Hasbro uses foreign currency forward contracts to mitigate the impact of currency rate fluctuations on firmly committed and projected future foreign currency transactions. These over-the-counter contracts, which hedge future currency requirements related to purchases of inventory, product sales and other cross-border transactions not denominated in the functional currency of the business unit, are primarily denominated in United States and Hong Kong dollars, and Euros. All contracts are entered into with a number of counterparties, all of which are major financial institutions. The Company believes that a default by a single counterparty would not have a material adverse effect on the financial condition of the Company. Hasbro does not enter into derivative financial instruments for speculative purposes. Cash Flow Hedges The Company uses foreign currency forward contracts to reduce the impact of currency rate fluctuations on firmly committed and projected future foreign currency transactions. All of the Company's designated foreign currency forward contracts are considered to be cash flow hedges. These instruments hedge a portion of the Company's currency requirements associated with anticipated inventory purchases, product sales and other cross-border transactions in 2015 through 2020. At September 27, 2015, September 28, 2014 and December 28, 2014, the notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows: September 27, 2015 September 28, 2014 December 28, 2014 Hedged transaction Notional Amount Fair Value Notional Amount Fair Value Notional Amount Fair Value Inventory purchases $ 1,122,827 124,422 716,028 45,501 863,232 69,049 Sales 213,841 (3,352 ) 195,364 (6,484 ) 139,946 829 Other 57,360 (2,512 ) 29,242 (1,992 ) 51,213 (1,008 ) Total $ 1,394,028 118,558 940,634 37,025 1,054,391 68,870 The Company has a master agreement with each of its counterparties that allows for the netting of outstanding forward contracts. The fair values of the Company's foreign currency forward contracts designated as cash flow hedges are recorded in the consolidated balance sheets at September 27, 2015, September 28, 2014 and December 28, 2014 as follows: September 27, 2015 September 28, 2014 December 28, 2014 Prepaid expenses and other current assets Unrealized gains $ 81,718 24,242 46,594 Unrealized losses (9,717 ) (6,356 ) (11,508 ) Net unrealized gain $ 72,001 17,886 35,086 Other assets Unrealized gains $ 48,111 23,127 34,234 Unrealized losses (989 ) (964 ) (172 ) Net unrealized gains $ 47,122 22,163 34,062 Accrued liabilities Unrealized gains $ 62 2,519 447 Unrealized losses (566 ) (5,539 ) (725 ) Net unrealized loss $ (504 ) (3,020 ) (278 ) Other liabilities Unrealized gains $ - 22 - Unrealized losses (61 ) (26 ) - Net unrealized loss $ (61 ) (4 ) - Net gains (losses) on cash flow hedging activities have been reclassified from other comprehensive earnings (loss) to net earnings for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014 as follows: Quarter Ended Nine Months Ended September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Statements of Operations Classification Cost of sales $ 19,244 (3,165 ) 41,990 (3,363 ) Sales (4,507 ) (3,477 ) (8,506 ) (4,340 ) Other (377 ) (923 ) (322 ) (1,533 ) Net realized gains (losses) $ 14,360 (7,565 ) 33,162 (9,236 ) In addition, gains of $275 and $842, respectively, were reclassified to earnings as a result of hedge ineffectiveness for the quarter and nine-month periods ended September 27, 2015, and net gains of $62 were reclassified to earnings as a result of hedge ineffectiveness for the nine-month periods ended September 28, 2014. Undesignated Hedges The Company also enters into foreign currency forward contracts to minimize the impact of changes in the fair value of intercompany loans due to foreign currency fluctuations. Due to the nature of the derivative contracts involved, the Company does not use hedge accounting for these contracts. At September 27, 2015, September 28, 2014 and December 28, 2014 the total notional amounts of the Company's undesignated derivative instruments were $263,247, $413,065 and $294,571, respectively. At September 27, 2015, September 28, 2014 and December 28, 2014, the fair values of the Company's undesignated derivative financial instruments were recorded in the consolidated balance sheets as follows: September 27, 2015 September 28, 2014 December 28, 2014 Prepaid expenses and other current assets Unrealized gains $ 93 4,876 - Unrealized losses - (3,450 ) - Net unrealized gain 93 1,426 - Accrued liabilities Unrealized gains 360 - 1,733 Unrealized losses (493 ) - (4,046 ) Net unrealized loss (133 ) - (2,313 ) Other liabilities Unrealized gains - 303 - Unrealized losses - (705 ) - Net unrealized loss - (402 ) - Total unrealized gain (loss), net $ (40 ) 1,024 (2,313 ) The Company recorded net gains of $21,070 and $40,024 on these instruments to other (income) expense, net for the quarter and nine-month periods ended September 27, 2015, respectively, and net losses of $20,050 and $19,988 on these instruments to other (income) expense, net for the quarter and nine-month periods ended September 28, 2014, respectively, relating to the change in fair value of such derivatives, substantially offsetting gains and losses from the change in fair value of intercompany loans to which the contracts relate. For additional information related to the Company's derivative financial instruments see Notes 4 and 6.

Sale of Manufacturing Operation

Sale of Manufacturing Operations	9 Months Ended
	Sep. 27, 2015
Sale of Manufacturing Operations (Details) [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	(9) Sale of Manufacturing Operations On August 30, 2015, the Company completed the sale of its manufacturing operations to Cartamundi Group ("Cartamundi") for approximately $54,400, approximately $18,600 of which was received on the date of sale with the remainder to be paid in 5 annual installments. Under the terms of the purchase and sale agreement, Cartamundi acquired the inventory and property, plant and equipment related to manufacturing operations in East Longmeadow, MA and the common stock of the Company's manufacturing subsidiary in Waterford, Ireland. Inclusive of this transaction and other related costs, the Company recognized a gain of $6,832 on the sale recorded in other (income) expense, net in the consolidated statements of operations. These operations were a component of the Company's Global Operations segment. In connection with this transaction, the Company also entered into a manufacturing services agreement under which Cartamundi will provide manufacturing services over a 5-year term. In connection with this agreement, the Company has agreed to minimum purchase commitments from Cartamundi over the term of the agreement. The Company and Cartamundi are also party to a warehousing agreement under which the Company leases designated warehouse space at the East Longmeadow, MA location, as well as a transition services agreement related to certain administrative functions each party is providing each other during a defined transition period. In connection with this transaction, the Company froze the benefits of one of its funded defined benefit pension plans covering union employees. In connection with these actions, the Company recognized a net curtailment benefit of $3,061 related to net prior service credits in the related defined benefit pension and post-retirement plans. This benefit is recorded in selling, distribution and administration expenses in the consolidated statements of operations. The Company has retained the frozen defined benefit pension plans related to its' former employees of its East Longmeadow, MA and Waterford, Ireland businesses.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 27, 2015
Segment Reporting (Thousands of Dollars) [Abstract]
Segment Reporting	(10) Segment Reporting Hasbro is a worldwide leader in children's and family leisure time products and services with a broad portfolio of brands and entertainment properties spanning toys, games, licensed products ranging from traditional to high-tech and digital, and film and television entertainment. The Company's segments are (i) U.S. and Canada, (ii) International, (iii) Entertainment and Licensing, and (iv) Global Operations. The U.S. and Canada segment includes the marketing and selling of action figures, arts and crafts and creative play products, electronic toys and related electronic interactive products, fashion and other dolls, infant products, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, as well as traditional board games and puzzles, and trading card and role-playing games primarily within the United States and Canada. Within the International segment, the Company markets and sells both toy and game products in markets outside of the U.S. and Canada, primarily in the European, Asia Pacific, and Latin and South American regions. The Company's Entertainment and Licensing segment includes the Company's lifestyle licensing, digital gaming, movie and television entertainment operations. The Global Operations segment is responsible for manufacturing and sourcing finished products for the Company's U.S. and Canada and International segments. In fiscal September 2015, the company sold its remaining manufacturing operations and henceforth the Global Operations segment will only be responsible for sourcing product from third parties. Segment performance is measured at the operating profit level. Included in Corporate and Eliminations are certain corporate expenses, including the elimination of intersegment transactions and certain assets benefiting more than one segment. Intersegment sales and transfers are reflected in management reports at amounts approximating cost. Certain shared costs, including global development and marketing expenses and corporate administration, are allocated to segments based upon expenses and foreign exchange rates fixed at the beginning of the year, with adjustments to actual expenses and foreign exchange rates included in Corporate and Eliminations. The accounting policies of the segments are the same as those referenced in note 1. Results shown for the quarter and nine months are not necessarily representative of those which may be expected for the full year 2015, nor were those of the comparable 2014 period representative of those actually experienced for the full year 2014. Similarly, such results are not necessarily those which would be achieved were each segment an unaffiliated business enterprise. Information by segment and a reconciliation to reported amounts for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014 are as follows. Quarter Ended September 27, 2015 September 28, 2014 Net revenues External Affiliate External Affiliate U.S. and Canada $ 803,824 1,352 764,268 2,388 International 612,645 8 649,284 78 Entertainment and Licensing 52,139 7,604 53,378 7,362 Global Operations (a) 2,389 595,476 2,969 593,435 Corporate and Eliminations - (604,440 ) - (603,263 ) $ 1,470,997 - 1,469,899 - Nine Months Ended September 27, 2015 September 28, 2014 Net revenues External Affiliate External Affiliate U.S. and Canada $ 1,534,697 4,120 1,484,968 5,065 International 1,281,118 8 1,351,608 170 Entertainment and Licensing 160,410 15,038 135,915 14,100 Global Operations (a) 5,930 1,183,183 6,123 1,200,303 Corporate and Eliminations - (1,202,349 ) - (1,219,638 ) $ 2,982,155 - 2,978,614 - Quarter Ended Nine Months Ended Operating profit (loss) September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 U.S. and Canada $ 187,052 169,850 275,622 252,541 International 114,206 116,451 141,470 148,097 Entertainment and Licensing 16,245 493 40,090 21,120 Global Operations (a) 13,805 15,704 12,042 15,770 Corporate and Eliminations (b) (27,781 ) (16,684 ) (35,992 ) (25,702 ) $ 303,527 285,814 433,232 411,826 Total assets September 27, 2015 September 28, 2014 December 28, 2014 U.S. and Canada $ 3,569,803 3,380,207 3,663,497 International 2,486,589 2,394,325 2,422,046 Entertainment and Licensing 727,002 754,575 783,878 Global Operations 2,431,866 2,293,319 2,433,888 Corporate and Eliminations (b) (4,635,014 ) (4,313,624 ) (4,771,167 ) $ 4,580,246 4,508,802 4,532,142 (a) The Global Operations segment derives substantially all of its revenues, and thus its operating results, from intersegment activities. (b) Certain long-term assets, including property, plant and equipment, goodwill and other intangibles, which benefit multiple operating segments, are included in Corporate and Eliminations. Allocations of certain expenses related to these assets to the individual operating segments are done at the beginning of the year based on budgeted amounts. Any differences between actual and budgeted amounts are reflected in Corporate and Eliminations because allocations are translated from the US Dollar to local currency at budget rates when recorded, and Corporate and Eliminations also includes the elimination of inter-company balance sheet amounts. The following table represents consolidated International segment net revenues by major geographic region for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014. Quarter Ended Nine Months Ended September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Europe $ 389,024 403,602 770,555 827,412 Latin America 141,901 163,163 297,877 313,466 Asia Pacific 81,720 82,519 212,686 210,730 Net revenues $ 612,645 649,284 1,281,118 1,351,608 The following table presents consolidated net revenues by class of principal products for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014. Quarter Ended Nine Months Ended September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Boys $ 593,094 478,509 1,206,118 1,062,082 Games 363,470 395,221 810,748 841,449 Girls 294,785 407,718 539,401 710,235 Preschool 219,648 188,451 425,888 364,848 Net revenues $ 1,470,997 1,469,899 2,982,155 2,978,614

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 27, 2015
Earnings Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]
Earnings Per Share	Net earnings per share data for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014 were computed as follows: 2015 2014 Quarter Basic Diluted Basic Diluted Net earnings attributable to Hasbro, Inc. $ 207,599 207,599 180,457 180,457 Average shares outstanding 125,100 125,100 127,293 127,293 Effect of dilutive securities: Options and other share-based awards - 1,817 - 1,410 Equivalent Shares 125,100 126,917 127,293 128,703 Net earnings attributable to Hasbro, Inc. per common share $ 1.66 1.64 1.42 1.40 2015 2014 Nine Months Basic Diluted Basic Diluted Net earnings attributable to Hasbro, Inc. $ 276,075 276,075 246,019 246,019 Average shares outstanding 125,016 125,016 129,302 129,302 Effect of dilutive securities: Options and other share-based awards - 1,673 - 1,487 Equivalent Shares 125,016 126,689 129,302 130,789 Net earnings attributable to Hasbro, Inc. per common share $ 2.21 2.18 1.90 1.88

Other Comprehensive Earnings 18

Other Comprehensive Earnings (Loss) (Tables)	9 Months Ended
	Sep. 27, 2015
Other Comprehensive Earnings (Loss) [Abstract]
Schedule of Other Comprehensive Income, Tax Effect [Text Block]	Components of other comprehensive earnings (loss) are presented within the consolidated statements of comprehensive earnings. The following table presents the related tax effects on changes in other comprehensive earnings (loss) for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014. Quarter Ended Nine Months Ended September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Other comprehensive earnings (loss), tax effect: Tax benefit (expense) on cash flow hedging activities $ (7,400 ) (2,924 ) (11,362 ) 11,987 Tax benefit (expense) on unrealized holding (losses) gains 700 80 164 (1,919 ) Tax expense on changes in unrecognized pension and postretirement amounts (660 ) - (660 ) - Reclassifications to earnings, tax effect: Tax expense (benefit) on cash flow hedging activities 1,487 (2,129 ) 2,537 (2,471 ) Tax expense (benefit) on amortization of unrecognized pension and postretirement amounts 338 (312 ) (942 ) (936 ) Total tax effect on other comprehensive earnings (loss) $ (5,535 ) (5,285 ) (10,263 ) 6,661
Schedule of Accumulated Other Comprehensive Earnings (Loss)	Changes in the components of accumulated other comprehensive loss for the nine months ended September 27, 2015 and September 28, 2014 are as follows: Pension and Postretirement Amounts Gains (Losses) on Derivative Instruments Unrealized Holding Gains on Available-for-Sale Securities Foreign Currency Translation Adjustments Total Accumulated Other Comprehensive Loss 2015 Balance at Dec. 28, 2014 $ (113,092 ) 43,689 1,900 (27,951 ) (95,454 ) Current period other comprehensive earnings (loss) 6,855 48,459 (290 ) (85,755 ) (30,731 ) Balance at September 27, 2015 $ (106,237 ) 92,148 1,610 (113,706 ) (126,185 ) 2014 Balance at Dec. 29, 2013 $ (64,841 ) (7,313 ) - 38,019 (34,135 ) Current period other comprehensive earnings (loss) 1,650 23,938 3,382 (31,640 ) (2,670 ) Balance at September 28, 2014 $ (63,191 ) 16,625 3,382 6,379 (36,805 )

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 27, 2015
Financial Instruments (Thousands of Dollars) [Abstract]
Schedule of Long-term Debt Instruments	The Company's financial instruments include cash and cash equivalents, accounts receivable, short-term borrowings, accounts payable and certain accrued liabilities. At September 27, 2015, September 28, 2014 and December 28, 2014, the carrying cost of these instruments approximated their fair value. The Company's financial instruments at September 27, 2015, September 28, 2014 and December 28, 2014 also include certain assets and liabilities measured at fair value (see Notes 6 and 8) as well as long-term borrowings. The carrying costs of the long-term borrowings are equal to the outstanding principal amounts, and fair values of the Company's long-term borrowings as of September 27, 2015, September 28, 2014 and December 28, 2014 are as follows: September 27, 2015 September 28, 2014 December 28, 2014 Carrying Cost Fair Value Carrying Cost Fair Value Carrying Cost Fair Value 6.35% Notes Due 2040 $ 500,000 563,400 500,000 602,050 500,000 617,700 6.30% Notes Due 2017 350,000 379,925 350,000 392,595 350,000 387,660 5.10% Notes Due 2044 300,000 291,900 300,000 310,500 300,000 316,980 3.15% Notes Due 2021 300,000 303,990 300,000 302,130 300,000 302,700 6.60% Debentures Due 2028 109,895 123,225 109,895 125,764 109,895 128,698 Total long-term debt $ 1,559,895 1,662,440 1,559,895 1,733,039 1,559,895 1,753,738

Fair Value of Financial Instr20

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 27, 2015
Fair Value of Financial Instruments (Thousands of Dollars) [Abstract]
Fair Value Hierarchy	At September 27, 2015, September 28, 2014 and December 28, 2014, the Company had the following assets and liabilities measured at fair value in its consolidated balance sheets: Fair Value Measurements Using: Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) September 27, 2015 Assets: Available-for-sale securities $ 26,863 4,029 11,664 11,170 Derivatives 119,123 - 119,123 - Total assets $ 145,986 4,029 130,787 11,170 Liabilities: Derivatives $ 605 - 605 - Option agreement 24,780 - - 24,780 Total liabilities $ 25,385 - 605 24,780 September 28, 2014 Assets: Available-for-sale securities $ 31,097 6,805 18,632 5,660 Derivatives 41,475 - 41,475 - Total assets $ 72,572 6,805 60,107 5,660 Liabilities: Derivatives $ 3,426 - 3,426 - Option agreement 25,590 - - 25,590 Total Liabilities $ 29,016 - 3,426 25,590 December 28, 2014 Assets: Available-for-sale securities $ 28,042 4,482 17,773 5,787 Derivatives 69,148 - 69,148 - Total assets $ 97,190 4,482 86,921 5,787 Liabilities: Derivatives $ 2,591 - 2,591 - Option agreement 25,340 - - 25,340 Total Liabilities $ 27,931 - 2,591 25,340
Reconciliation of Level 3 Fair Value	The following is a reconciliation of the beginning and ending balances of the fair value measurements of the Company's financial instruments which use significant unobservable inputs (Level 3): 2015 2014 Balance at beginning of year $ (19,553 ) 5,484 Purchases 5,000 - Issuance of option agreement - (25,590 ) Gain from change in fair value 943 176 Balance at end of third quarter $ (13,610 ) (19,930 )

Pension and Postretirement Be21

Pension and Postretirement Benefits (Tables)	9 Months Ended
	Sep. 27, 2015
Pension and Postretirement Benefits (Thousands of Dollars) [Abstract]
Components of net periodic cost	(7) Pension and Postretirement Benefits The components of the net periodic cost of the Company's defined benefit pension and other postretirement plans for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014 are as follows: Quarter Ended Pension Postretirement September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Service cost $ 1,006 921 150 137 Interest cost 4,603 4,953 285 332 Expected return on assets (5,476 ) (5,469 ) - - Net amortization and deferrals 2,202 1,210 (114 ) (114 ) Curtailment 643 - (3,842 ) - Net periodic benefit cost $ 2,978 1,615 (3,521 ) 355 Nine Months Ended Pension Postretirement September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Service cost $ 3,038 2,861 450 412 Interest cost 13,827 15,064 855 997 Expected return on assets (16,452 ) (16,587 ) - - Net amortization and deferrals 6,610 3,713 (341 ) (341 ) Curtailment 781 - (3,842 ) - Net periodic benefit cost $ 7,804 5,051 (2,878 ) 1,068

Derivative Financial Instrume22

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 27, 2015
Derivative Financial Instruments (Thousands of Dollars) [Abstract]
Summary of Cash Flow Hedging Instruments	At September 27, 2015, September 28, 2014 and December 28, 2014, the notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows: September 27, 2015 September 28, 2014 December 28, 2014 Hedged transaction Notional Amount Fair Value Notional Amount Fair Value Notional Amount Fair Value Inventory purchases $ 1,122,827 124,422 716,028 45,501 863,232 69,049 Sales 213,841 (3,352 ) 195,364 (6,484 ) 139,946 829 Other 57,360 (2,512 ) 29,242 (1,992 ) 51,213 (1,008 ) Total $ 1,394,028 118,558 940,634 37,025 1,054,391 68,870
Derivatives Fair Value by Balance Sheet Location	The Company has a master agreement with each of its counterparties that allows for the netting of outstanding forward contracts. The fair values of the Company's foreign currency forward contracts designated as cash flow hedges are recorded in the consolidated balance sheets at September 27, 2015, September 28, 2014 and December 28, 2014 as follows: September 27, 2015 September 28, 2014 December 28, 2014 Prepaid expenses and other current assets Unrealized gains $ 81,718 24,242 46,594 Unrealized losses (9,717 ) (6,356 ) (11,508 ) Net unrealized gain $ 72,001 17,886 35,086 Other assets Unrealized gains $ 48,111 23,127 34,234 Unrealized losses (989 ) (964 ) (172 ) Net unrealized gains $ 47,122 22,163 34,062 Accrued liabilities Unrealized gains $ 62 2,519 447 Unrealized losses (566 ) (5,539 ) (725 ) Net unrealized loss $ (504 ) (3,020 ) (278 ) Other liabilities Unrealized gains $ - 22 - Unrealized losses (61 ) (26 ) - Net unrealized loss $ (61 ) (4 ) -
Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations	Net gains (losses) on cash flow hedging activities have been reclassified from other comprehensive earnings (loss) to net earnings for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014 as follows: Quarter Ended Nine Months Ended September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Statements of Operations Classification Cost of sales $ 19,244 (3,165 ) 41,990 (3,363 ) Sales (4,507 ) (3,477 ) (8,506 ) (4,340 ) Other (377 ) (923 ) (322 ) (1,533 ) Net realized gains (losses) $ 14,360 (7,565 ) 33,162 (9,236 )
Fair values of undesignated derivative financial instruments	At September 27, 2015, September 28, 2014 and December 28, 2014, the fair values of the Company's undesignated derivative financial instruments were recorded in the consolidated balance sheets as follows: September 27, 2015 September 28, 2014 December 28, 2014 Prepaid expenses and other current assets Unrealized gains $ 93 4,876 - Unrealized losses - (3,450 ) - Net unrealized gain 93 1,426 - Accrued liabilities Unrealized gains 360 - 1,733 Unrealized losses (493 ) - (4,046 ) Net unrealized loss (133 ) - (2,313 ) Other liabilities Unrealized gains - 303 - Unrealized losses - (705 ) - Net unrealized loss - (402 ) - Total unrealized gain (loss), net $ (40 ) 1,024 (2,313 )

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 27, 2015
Segment Reporting (Thousands of Dollars) [Abstract]
Net revenues by segment	Information by segment and a reconciliation to reported amounts for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014 are as follows. Quarter Ended September 27, 2015 September 28, 2014 Net revenues External Affiliate External Affiliate U.S. and Canada $ 803,824 1,352 764,268 2,388 International 612,645 8 649,284 78 Entertainment and Licensing 52,139 7,604 53,378 7,362 Global Operations (a) 2,389 595,476 2,969 593,435 Corporate and Eliminations - (604,440 ) - (603,263 ) $ 1,470,997 - 1,469,899 - Nine Months Ended September 27, 2015 September 28, 2014 Net revenues External Affiliate External Affiliate U.S. and Canada $ 1,534,697 4,120 1,484,968 5,065 International 1,281,118 8 1,351,608 170 Entertainment and Licensing 160,410 15,038 135,915 14,100 Global Operations (a) 5,930 1,183,183 6,123 1,200,303 Corporate and Eliminations - (1,202,349 ) - (1,219,638 ) $ 2,982,155 - 2,978,614 -
Operating profit (loss) by segments	Quarter Ended Nine Months Ended Operating profit (loss) September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 U.S. and Canada $ 187,052 169,850 275,622 252,541 International 114,206 116,451 141,470 148,097 Entertainment and Licensing 16,245 493 40,090 21,120 Global Operations (a) 13,805 15,704 12,042 15,770 Corporate and Eliminations (b) (27,781 ) (16,684 ) (35,992 ) (25,702 ) $ 303,527 285,814 433,232 411,826
Total assets by segments	Total assets September 27, 2015 September 28, 2014 December 28, 2014 U.S. and Canada $ 3,569,803 3,380,207 3,663,497 International 2,486,589 2,394,325 2,422,046 Entertainment and Licensing 727,002 754,575 783,878 Global Operations 2,431,866 2,293,319 2,433,888 Corporate and Eliminations (b) (4,635,014 ) (4,313,624 ) (4,771,167 ) $ 4,580,246 4,508,802 4,532,142 (a) The Global Operations segment derives substantially all of its revenues, and thus its operating results, from intersegment activities. (b) Certain long-term assets, including property, plant and equipment, goodwill and other intangibles, which benefit multiple operating segments, are included in Corporate and Eliminations. Allocations of certain expenses related to these assets to the individual operating segments are done at the beginning of the year based on budgeted amounts. Any differences between actual and budgeted amounts are reflected in Corporate and Eliminations because allocations are translated from the US Dollar to local currency at budget rates when recorded, and Corporate and Eliminations also includes the elimination of inter-company balance sheet amounts.
Schedule of net revenues by international region	The following table represents consolidated International segment net revenues by major geographic region for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014. Quarter Ended Nine Months Ended September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Europe $ 389,024 403,602 770,555 827,412 Latin America 141,901 163,163 297,877 313,466 Asia Pacific 81,720 82,519 212,686 210,730 Net revenues $ 612,645 649,284 1,281,118 1,351,608
Net revenues by product category	The following table presents consolidated net revenues by class of principal products for the quarter and nine-month periods ended September 27, 2015 and September 28, 2014. Quarter Ended Nine Months Ended September 27, 2015 September 28, 2014 September 27, 2015 September 28, 2014 Boys $ 593,094 478,509 1,206,118 1,062,082 Games 363,470 395,221 810,748 841,449 Girls 294,785 407,718 539,401 710,235 Preschool 219,648 188,451 425,888 364,848 Net revenues $ 1,470,997 1,469,899 2,982,155 2,978,614

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Earnings Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]
Net Earnings Attributable to Hasbro, Inc.	$ 207,599	$ 180,457	$ 276,075	$ 246,019
Basic [Abstract]
Adjusted net earnings (basic) (in dollars)	$ 207,599	$ 180,457	$ 276,075	$ 246,019
Average shares outstanding (in shares)	125,100	127,293	125,016	129,302
Equivalent shares (basic) (in shares)	125,100	127,293	125,016	129,302
Net earnings attributable to Hasbro, Inc. per common share-basic (in dollars per share)	$ 1.66	$ 1.42	$ 2.21	$ 1.90
Diluted [Abstract]
Adjusted net earnings (Diluted) (in dollars)	$ 207,599	$ 180,457	$ 276,075	$ 246,019
Average shares outstanding (in shares)	125,100	127,293	125,016	129,302
Effect of dilutive securities:
Options and other share-based awards (in shares)	1,817	1,410	1,673	1,487
Equivalent shares (diluted) (in shares)	126,917	128,703	126,689	130,789
Net earnings attributable to Hasbro, Inc. per common share-diluted (in dollars per share)	$ 1.64	$ 1.40	$ 2.18	$ 1.88
Options to acquire shares totaling excluded as antidilutive	0	675	261	675

Other Comprehensive Earnings 25

Other Comprehensive Earnings (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Other Comprehensive Earnings (Loss) [Abstract]
Tax expense on changes in unrecognized pension and postretirement amounts	$ (660)	$ 0	$ (660)	$ 0
Tax benefit (expense) on cash flow hedging activities	(7,400)	(2,924)	(11,362)	11,987
Tax benefit (expense) on unrealized holding gains	700	80	164	(1,919)
Reclassification Adjustment from AOCE, Tax expense (benefit) on cash flow hedging activities	1,487	(2,129)	2,537	(2,471)
Reclassification Adjustment from AOCE, Tax expense (benefit) on amortization of unrecognized pension and postretirement amounts	338	(312)	(942)	(936)
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent, Total	(5,535)	(5,285)	(10,263)	6,661
Cash Flow Hedge gains to be Reclassified within Twelve Months	64,807
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			(95,454)	(34,135)
Other Comprehensive Earnings (Loss), Net of Tax, Total	(22,709)	14,979	(30,731)	(2,670)
Total accumulated other comprehensive earnings (loss), End of Period	(126,185)	(36,805)	(126,185)	(36,805)
Pension and Postretirement Amounts [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			(113,092)	(64,841)
Other Comprehensive Earnings (Loss), Net of Tax, Total			6,855	1,650
Total accumulated other comprehensive earnings (loss), End of Period	(106,237)	(63,191)	(106,237)	(63,191)
Gains (Losses) On Derivative Instruments [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			43,689	(7,313)
Other Comprehensive Earnings (Loss), Net of Tax, Total			48,459	23,938
Total accumulated other comprehensive earnings (loss), End of Period	92,148	16,625	92,148	16,625
Gains (Losses) On Derivative Instruments [Member] | Interest Rate Contract [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), End of Period	(19,650)		(19,650)
Gains (Losses) On Derivative Instruments [Member] | Foreign Exchange Forward [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), End of Period	111,798		111,798
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			(27,951)	38,019
Other Comprehensive Earnings (Loss), Net of Tax, Total			(85,755)	(31,640)
Total accumulated other comprehensive earnings (loss), End of Period	(113,706)	6,379	(113,706)	6,379
Unrealized Holding Gains on Available-for-Sale Securities [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			1,900	0
Other Comprehensive Earnings (Loss), Net of Tax, Total			(290)	3,382
Total accumulated other comprehensive earnings (loss), End of Period	$ 1,610	$ 3,382	$ 1,610	$ 3,382

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Dec. 28, 2014
Debt Instrument [Line Items]
Carrying Cost	$ 1,559,895	$ 1,559,895	$ 1,559,895
Fair Value	1,662,440	1,733,039	1,753,738
Principal Amount	1,559,895	1,559,895	1,559,895
Notes 6.30% Due 2017 [Member]
Debt Instrument [Line Items]
Carrying Cost	350,000	350,000	350,000
Fair Value	379,925	392,595	387,660
Principal Amount	$ 350,000	$ 350,000	$ 350,000
Maturity Date	2,017	2,017	2,017
Interest Rate	6.30%	6.30%	6.30%
Debentures 6.60% Due 2028 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 109,895	$ 109,895	$ 109,895
Fair Value	123,225	125,764	128,698
Principal Amount	$ 109,895	$ 109,895	$ 109,895
Maturity Date	2,028	2,028	2,028
Interest Rate	6.60%	6.60%	6.60%
Notes 6.35% Due 2040 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 500,000	$ 500,000	$ 500,000
Fair Value	563,400	602,050	617,700
Principal Amount	$ 500,000	$ 500,000	$ 500,000
Maturity Date	2,040	2,040	2,040
Interest Rate	6.35%	6.35%	6.35%
Notes 3.15% Due 2021 Member [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 300,000	$ 300,000	$ 300,000
Fair Value	303,990	302,130	302,700
Principal Amount	$ 300,000	$ 300,000	$ 300,000
Maturity Date	2,021	2,021	2,021
Interest Rate	3.15%	3.15%	3.15%
Notes 5.10% Due 2044 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 300,000	$ 300,000	$ 300,000
Fair Value	291,900	310,500	316,980
Principal Amount	$ 300,000	$ 300,000	$ 300,000
Maturity Date	2,044	2,044	2,044
Interest Rate	5.10%	5.10%	5.10%

Fair Value of Financial Instr27

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014	Dec. 28, 2014
Fair Value of Financial Instruments (Thousands of Dollars) [Abstract]
Fair Value of Available for Sale Investments, Fair Value Option	$ 22,834	$ 24,292	$ 22,834	$ 24,292	$ 23,560
Net Gain (Loss) on Available-for-Sale Investments, Fair Value Option	(176)	247	(246)	2,487
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, assets	26,863	31,097	26,863	31,097	28,042
Derivatives, assets	119,123	41,475	119,123	41,475	69,148
Total assets, fair value hierarchy	145,986	72,572	145,986	72,572	97,190
Derivatives, liabilities	605	3,426	605	3,426	2,591
Option Agreement	24,780	25,590	24,780	25,590	25,340
Total Liabilities	25,385	29,016	25,385	29,016	27,931
Reconciliation of fair value for Level 3 financial instruments
Balance at beginning of year			(19,553)	5,484
Purchases			5,000	0
Gain from change in fair value			943	176
Issuance of option agreement			0	(25,590)
Balance at end of period	(13,610)	(19,930)	(13,610)	(19,930)
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, assets	4,029	6,805	4,029	6,805	4,482
Derivatives, assets	0	0	0	0	0
Total assets, fair value hierarchy	4,029	6,805	4,029	6,805	4,482
Derivatives, liabilities	0	0	0	0	0
Option Agreement	0	0	0	0	0
Total Liabilities	0	0	0	0	0
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, assets	11,664	18,632	11,664	18,632	17,773
Derivatives, assets	119,123	41,475	119,123	41,475	69,148
Total assets, fair value hierarchy	130,787	60,107	130,787	60,107	86,921
Derivatives, liabilities	605	3,426	605	3,426	2,591
Option Agreement	0	0	0	0	0
Total Liabilities	605	3,426	605	3,426	2,591
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, assets	11,170	5,660	11,170	5,660	5,787
Derivatives, assets	0	0	0	0	0
Total assets, fair value hierarchy	11,170	5,660	11,170	5,660	5,787
Derivatives, liabilities	0	0	0	0	0
Option Agreement	24,780	25,590	24,780	25,590	25,340
Total Liabilities	$ 24,780	$ 25,590	$ 24,780	$ 25,590	$ 25,340

Pension and Postretirement Be28

Pension and Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Pension [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 1,006	$ 921	$ 3,038	$ 2,861
Interest cost	4,603	4,953	13,827	15,064
Expected return on assets	(5,476)	(5,469)	(16,452)	(16,587)
Net amortization and deferrals	2,202	1,210	6,610	3,713
Curtailment/settlement losses	643	0	781	0
Net periodic benefit cost	2,978	1,615	7,804	5,051
Contributions to defined benefit pension plans			10,760
Expected contributions during the remainder of fiscal year			3,240
Postretirement [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	150	137	450	412
Interest cost	285	332	855	997
Expected return on assets	0	0	0	0
Net amortization and deferrals	(114)	(114)	(341)	(341)
Curtailment/settlement losses	(3,842)	0	(3,842)	0
Net periodic benefit cost	$ (3,521)	$ 355	$ (2,878)	$ 1,068

Derivative Financial Instrume29

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Dec. 28, 2014
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional amount of hedged item	$ 1,394,028	$ 940,634	$ 1,054,391
Fair value of hedged item	$ 118,558	$ 37,025	$ 68,870
Inventory Purchases [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Hedge description of hedged item	Inventory purchases	Inventory purchases	Inventory purchases
Underlying risk	foreign currency	foreign currency	foreign currency
Notional amount of hedged item	$ 1,122,827	$ 716,028	$ 863,232
Fair value of hedged item	$ 124,422	$ 45,501	$ 69,049
Sales [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Hedge description of hedged item	Sales	Sales	Sales
Underlying risk	foreign currency	foreign currency	foreign currency
Notional amount of hedged item	$ 213,841	$ 195,364	$ 139,946
Fair value of hedged item	$ (3,352)	$ (6,484)	$ 829
Other [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Hedge description of hedged item	Other	Other	Other
Underlying risk	foreign currency	foreign currency	foreign currency
Notional amount of hedged item	$ 57,360	$ 29,242	$ 51,213
Fair value of hedged item	$ (2,512)	$ (1,992)	$ (1,008)
Intercompany Loans [Member] | Fair Value Hedging [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Hedge description of hedged item	intercompany loans	intercompany loans	intercompany loans
Underlying risk	foreign currency	foreign currency	foreign currency
Notional amount of hedged item	$ 263,247	$ 413,065	$ 294,571
Fair value of hedged item	$ (40)	$ 1,024	$ (2,313)

Derivative Financial Instrume30

Derivative Financial Instruments, Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type (Details) - Foreign Exchange Forward [Member] - USD ($) $ in Thousands	Sep. 27, 2015	Dec. 28, 2014	Sep. 28, 2014
Designated as Hedging Instrument [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	$ 81,718	$ 46,594	$ 24,242
Unrealized losses	(9,717)	(11,508)	(6,356)
Net unrealized gain (loss)	72,001	35,086	17,886
Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	48,111	34,234	23,127
Unrealized losses	(989)	(172)	(964)
Net unrealized gain (loss)	47,122	34,062	22,163
Designated as Hedging Instrument [Member] | Accrued liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	62	447	2,519
Unrealized losses	(566)	(725)	(5,539)
Net unrealized gain (loss)	(504)	(278)	(3,020)
Designated as Hedging Instrument [Member] | Other liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	0	0	22
Unrealized losses	(61)	0	(26)
Net unrealized gain (loss)	(61)	0	(4)
Not Designated as Hedging Instrument [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	93	0	4,876
Unrealized losses	0	0	(3,450)
Net unrealized gain (loss)	93	0	1,426
Not Designated as Hedging Instrument [Member] | Accrued liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	360	1,733	0
Unrealized losses	(493)	(4,046)	0
Net unrealized gain (loss)	(133)	(2,313)	0
Not Designated as Hedging Instrument [Member] | Other liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	0	0	303
Unrealized losses	0	0	(705)
Net unrealized gain (loss)	$ 0	$ 0	$ (402)

Derivative Financial Instrume31

Derivative Financial Instruments, Gain (Loss) by Hedging Relationship, by Income Statement Location (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Ineffective portion, amount of gains (losses) reclassified from other comprehensive earnings into earnings	$ 275	$ 0	$ 842	$ 62
Fair Value Hedging [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	21,070	20,050	40,024	19,988
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	14,360	(7,565)	33,162	(9,236)
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	19,244	(3,165)	41,990	(3,363)
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	(4,507)	(3,477)	(8,506)	(4,340)
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	(377)	(923)	(322)	(1,533)
Interest Rate Contract [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	$ (450)	$ (450)	$ (1,349)	$ (707)

Sale of Manufacturing Operati32

Sale of Manufacturing Operations (Details) - Manufacturing Operations [Member] - Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] $ in Thousands	9 Months Ended
	Sep. 27, 2015USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Consideration	$ 54,400
Disposal Group, Including Discontinued Operation, Description and Timing of Disposal	On August 30, 2015, the Company completed the sale of its manufacturing operations to Cartamundi Group
Disposal Group, Including Discontinued Operation, Segment that Includes Disposal Group	Global Operations
(Payments for) Proceeds from Productive Assets	$ 18,600
Nonoperating Income (Expense) [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	6,832
Selling, General and Administrative Expenses [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ 3,061

Segment Reporting, Net revenues

Segment Reporting, Net revenues by segment (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		$ 1,470,997	$ 1,469,899	$ 2,982,155	$ 2,978,614
Net revenues, affiliates		0	0	0	0
Operating Profit (Loss)		303,527	285,814	433,232	411,826
U.S. and Canada [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		803,824	764,268	1,534,697	1,484,968
Net revenues, affiliates		1,352	2,388	4,120	5,065
Operating Profit (Loss)		187,052	169,850	275,622	252,541
International [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		612,645	649,284	1,281,118	1,351,608
Net revenues, affiliates		8	78	8	170
Operating Profit (Loss)		114,206	116,451	141,470	148,097
Entertainment and Licensing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		52,139	53,378	160,410	135,915
Net revenues, affiliates		7,604	7,362	15,038	14,100
Operating Profit (Loss)		16,245	493	40,090	21,120
Global Operations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external	[1]	2,389	2,969	5,930	6,123
Net revenues, affiliates	[1]	595,476	593,435	1,183,183	1,200,303
Operating Profit (Loss)	[1]	13,805	15,704	12,042	15,770
Corporate and Eliminations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		0	0	0	0
Net revenues, affiliates		(604,440)	(603,263)	(1,202,349)	(1,219,638)
Operating Profit (Loss)	[2]	$ (27,781)	$ (16,684)	$ (35,992)	$ (25,702)
[1]	The Global Operations segment derives substantially all of it's revenues, and thus its operating results, from intersegment activities.
[2]	Certain long-term assets, including property, plant and equipment, goodwill and other intangibles, which benefit multiple operating segments, are included in Corporate and Eliminations. Allocations of certain expenses related to these assets to the individual operating segments are done at the beginning of the year based on budgeted amounts. Any differences between actual and budgeted amounts are reflected in Corporate and eliminations. Corporate and Eliminations also includes the elimination of inter-company balance sheet amounts.

Segment Reporting, Total assets

Segment Reporting, Total assets by segments (Details) - USD ($) $ in Thousands		Sep. 27, 2015	Dec. 28, 2014	Sep. 28, 2014
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		$ 4,580,246	$ 4,532,142	$ 4,508,802
U.S. and Canada [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		3,569,803	3,663,497	3,380,207
International [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,486,589	2,422,046	2,394,325
Entertainment and Licensing [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		727,002	783,878	754,575
Global Operations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,431,866	2,433,888	2,293,319
Corporate and Eliminations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	[1]	$ (4,635,014)	$ (4,771,167)	$ (4,313,624)
[1]	Certain long-term assets, including property, plant and equipment, goodwill and other intangibles, which benefit multiple operating segments, are included in Corporate and Eliminations. Allocations of certain expenses related to these assets to the individual operating segments are done at the beginning of the year based on budgeted amounts. Any differences between actual and budgeted amounts are reflected in Corporate and eliminations. Corporate and Eliminations also includes the elimination of inter-company balance sheet amounts.

Segment Reporting, Internationa

Segment Reporting, International Segment Net Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 28, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues by geographical location	$ 612,645	$ 649,284	$ 1,281,118	$ 1,351,608
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues by geographical location	389,024	403,602	770,555	827,412
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues by geographical location	81,720	82,519	212,686	210,730
Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues by geographical location	$ 141,901	$ 163,163	$ 297,877	$ 313,466

Segment Reporting, Revenue by P

Segment Reporting, Revenue by Products (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 27, 2015	Sep. 28, 2014	Sep. 27, 2015	Sep. 28, 2014
Revenue from External Customer [Line Items]
Net revenue	$ 1,470,997	$ 1,469,899	$ 2,982,155	$ 2,978,614
Boys [Member]
Revenue from External Customer [Line Items]
Net revenue	593,094	478,509	1,206,118	1,062,082
Games [Member]
Revenue from External Customer [Line Items]
Net revenue	363,470	395,221	810,748	841,449
Girls [Member]
Revenue from External Customer [Line Items]
Net revenue	294,785	407,718	539,401	710,235
Preschool [Member]
Revenue from External Customer [Line Items]
Net revenue	$ 219,648	$ 188,451	$ 425,888	$ 364,848