Hasbro (HAS) 10-Q 2 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 02, 2017	Apr. 24, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	HASBRO INC
Entity Central Index Key	46,080
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		125,081,081
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 2, 2017
Trading Symbol	HAS

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 02, 2017	Dec. 25, 2016	Jun. 26, 2016
Current assets
Cash and cash equivalents	$ 1,433,500	$ 1,282,285	$ 924,098
Accounts receivable, less allowance for doubtful accounts of $15,200, $16,800 and $32,800 as of July 2, 2017, December 25, 2016 and June 26, 2016, respectively	846,547	1,319,963	703,821
Inventories	557,507	387,675	572,391
Prepaid expenses and other current assets	257,251	237,684	323,046
Total current assets	3,094,805	3,227,607	2,523,356
Property, plant and equipment, less accumulated depreciation of $408,200, $383,700 and $375,300 as of July 2, 2017, December 25, 2016 and June 26, 2016, respectively	268,973	267,398	242,607
Other assets
Goodwill	572,143	570,555	592,806
Other intangibles, net, accumulated amortization of $891,800, $876,000 and $858,700 as of July 2, 2017, December 25, 2016 and June 26, 2016, respectively	230,188	245,949	263,425
Other	746,634	779,857	722,191
Total other assets	1,548,965	1,596,361	1,578,422
Total assets	4,912,743	5,091,366	4,344,385
Current liabilities
Short-term borrowings	186,863	172,582	5,400
Current portion of long-term debt	349,916	349,713	0
Accounts payable	368,312	319,525	214,243
Accrued liabilities	567,156	776,039	525,377
Total current liabilities	1,472,247	1,617,859	745,020
Long-term debt	1,199,114	1,198,679	1,547,753
Other liabilities	408,888	389,388	402,614
Total liabilities	3,080,249	3,205,926	2,695,387
Redeemable noncontrolling interests	0	22,704	36,465
Shareholders' equity
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued	0	0	0
Common stock of $.50 par value. Authorized 600,000,000 shares; issued 209,694,630 at July 2, 2017, December 25, 2016, and June 26, 2016	104,847	104,847	104,847
Additional paid-in capital	1,021,690	985,418	945,802
Retained earnings	4,141,903	4,148,722	3,825,289
Accumulated other comprehensive loss	(226,613)	(194,570)	(174,301)
Treasury stock, at cost; 84,615,971 shares at July 2, 2017; 85,207,677 shares at December 25, 2016; and 84,241,018 shares at June 26, 2016	(3,209,333)	(3,181,681)	(3,089,104)
Total shareholders' equity	1,832,494	1,862,736	1,612,533
Total liabilities, redeemable noncontrolling interests and shareholders' equity	$ 4,912,743	$ 5,091,366	$ 4,344,385

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) Parenthetical - USD ($) $ in Thousands	Jul. 02, 2017	Dec. 25, 2016	Jun. 26, 2016
Current assets
Accounts receivable, allowance for doubtful accounts	$ 15,200	$ 16,800	$ 32,800
Property, plant and equipment, accumulated depreciation	408,200	383,700	375,300
Other assets
Other intangibles, accumulated amortization	$ 891,800	$ 876,000	$ 858,700
Shareholders' equity
Preference stock, par value (in dollars per share)	$ 2.5	$ 2.5	$ 2.5
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)	$ 0.5	$ 0.5	$ 0.5
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)	84,615,971	85,207,677	84,241,018

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016
Consolidated Statements of Operations (Unaudited) [Abstract]
Net revenues	$ 972,506	$ 878,945	$ 1,822,169	$ 1,710,125
Costs and expenses
Cost of sales	368,233	321,676	674,315	611,916
Royalties	79,152	69,408	143,532	139,377
Product development	62,793	63,671	125,379	120,835
Advertising	92,374	86,957	173,310	166,816
Amortization of intangibles	7,881	8,691	15,762	17,382
Program production cost amortization	5,188	5,033	10,758	11,219
Selling, distribution and administration	256,901	238,635	500,786	471,790
Total costs and expenses	872,522	794,071	1,643,842	1,539,335
Operating Profit	99,984	84,874	178,327	170,790
Non-operating (income) expense
Interest Expense	24,224	23,914	48,680	47,958
Interest income	(5,116)	(2,312)	(10,680)	(4,525)
Other (income) expense, net	(6,010)	(3,748)	(17,396)	1,124
Total non-operating expense, net	13,098	17,854	20,604	44,557
Earnings before income taxes	86,886	67,020	157,723	126,233
Income tax expense	19,163	17,601	21,401	29,843
Net earnings	67,723	49,419	136,322	96,390
Net loss attributable to noncontrolling interests	0	(2,687)	0	(4,467)
Net Earnings Attributable to Hasbro, Inc.	$ 67,723	$ 52,106	$ 136,322	$ 100,857
Net earnings attributable to Hasbro, Inc. per common share:
Basic (in dollars per share)	$ 0.54	$ 0.42	$ 1.09	$ 0.8
Diluted (in dollars per share)	0.53	0.41	1.07	0.79
Cash dividends declared per common share (in dollars per share)	$ 0.57	$ 0.51	$ 1.14	$ 1.02

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016
Consolidated Statements of Comprehensive Earnings [Abstract]
Net earnings	$ 67,723	$ 49,419	$ 136,322	$ 96,390
Other comprehensive earnings (loss):
Foreign currency translation adjustments	4,139	7,825	28,812	19,965
Net losses on cash flow hedging activities, net of tax	(33,880)	(8,258)	(57,197)	(24,044)
Unrealized holding gains (losses) on available-for-sale securities, net of tax	260	(327)	229	1,353
Reclassifications to earnings, net of tax:
Net gains on cash flow hedging activities	(1,410)	(10,363)	(6,784)	(27,924)
Unrecognized pension and postretirement amounts	1,449	1,175	2,897	2,350
Total other comprehensive earnings loss, net of tax	(29,442)	(9,948)	(32,043)	(28,300)
Comprehensive earnings	38,281	39,471	104,279	68,090
Comprehensive loss attributable to noncontrolling interests	0	(2,687)	0	(4,467)
Comprehensive earnings attributable to Hasbro, Inc.	$ 38,281	$ 42,158	$ 104,279	$ 72,557

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2017	Jun. 26, 2016
Cash flows from operating activities
Net earnings	$ 136,322	$ 96,390
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of plant and equipment	65,791	57,091
Amortization of intangibles	15,762	17,382
Program production cost amortization	10,758	11,219
Deferred income taxes	10,908	8,702
Stock-based compensation	25,132	25,577
Change in operating assets and liabilities net of acquired and disposed balances:
Decrease in accounts receivable	491,935	519,376
Increase in inventories	(157,059)	(185,048)
Increase in prepaid expenses and other current assets	(28,150)	(60,483)
Program Production Costs	(19,135)	(25,387)
Decrease in accounts payable and accrued liabilities	(208,903)	(156,690)
Other	22,745	(2,193)
Net cash provided by operating activities	366,106	305,936
Cash flows from investing activities
Additions to property, plant and equipment	(66,321)	(66,390)
Other	(1,465)	20,431
Net cash utilized by investing activities	(67,786)	(45,959)
Cash flows from financing activities
Net proceeds from (repayments of) other short-term borrowings	14,258	(159,136)
Purchases of common stock	(18,561)	(57,337)
Stock-based compensation transactions	9,902	36,388
Dividends paid	(134,655)	(121,311)
Payments related to tax withholding for share-based compensation	(31,400)	(18,672)
Other	0	762
Net cash utilized by financing activities	(160,456)	(319,306)
Effect of exchange rate changes on cash	13,351	6,677
Increase (decrease) in cash and cash equivalents	151,215	(52,652)
Cash and cash equivalents at beginning of year	1,282,285	976,750
Cash and cash equivalents at end of period	1,433,500	924,098
Supplemental information
Interest	43,960	43,682
Income taxes	$ 64,787	$ 49,297

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 02, 2017
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 July 2, 2017 and June 26, 2016 , and th e 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 m anagement 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 July 2, 2017 and June 26, 2016 were each 13-week periods . The six -month period ended July 2, 2017 was a 27-week period while the six-month period ended June 26, 2016 was a 26-week period . The results of operations for the quarter and six -month periods ended July 2, 2017 are not necessarily indicative of results to be expected for the full year, nor were those of the comparable 2016 periods representative of those actual ly experienced for the full year 2016 . 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 25, 2016 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 25, 2016 with the exception of the accounting policy related to stock compensation. During the first quarter of 2017, the Company adopted Acco unting Standards Update (“ ASU ”) 2016-09, Improvements to Employee Share-Based Payment Accounting. The ASU includes provisions intended to simp lify how share-based payments are accounted for and presented in th e financial statements including: Prospectivel y, the requirement to record all of the tax effects related to share-based payments at settlement through the income statement . For the six-months ended July 2, 2017, excess tax benefits of $15,461 were recorded to income tax expense . A requirement that all tax-related cash flows resulting from share-based payments be reported as operating activities on the statement of cash flows. Previously, these amounts were reported as a cash inflow from financing activities. The Company elected t o apply this requirement of the standard retrospective ly. Accordingly, the cash flow statement for the six months ended June 26, 2016 has been restated to include $ 18,423 of cash flows from excess tax benefits, previously included as financing activities, in operating activities with other income tax cash flows. For the six months ended July 2, 2017 excess tax benefits of $ 15,461 were reported as operating activities. A requirement that all cash payments made to taxing authorities on the employees’ behalf for withheld shares shall be presented as financing activities in the statements of cash flows . Prior to adoption of ASU 2016-09, these cash flows were included as operating activities . This change was required to be applied on a retrospective basis and as a result, the Company has restated the consolidated statement of cash flows for the six months ended June 26, 2016 . T his change resulted in payments of $ 18,672 for the six months ended June 26, 2016 being included in financing activities . For the six m onths ended July 2, 2017, such payments amounted to $ 31,400 . E ntities are permitted to make an accounting policy election for the impact of forfeitures on the recognition of expense for share-based payment awards choosing either to estimate forfeitures as previously required or recognize forfeitures as they occur. The Company elected to change its method of accounting for forfeitures from estimating the number of stock-based awards expected to vest, to accountin g for forfeitures as they occur which resulted in a one-time charge , net of tax, of $ 700 to retained earnings recorded during the first quarter of 2017 . Based upon the Company’s history of forfeitures, it is not expected that this election will have a material impact on its financial statements going forward however, as any impact will be based on future forfeitures, the actual impact could differ from the Company’s expectation. Through 2016, the Company had one investment with a redeemable noncontrolling interest which was the Company’s 70 % majority interest in Backflip Studios, LLC (“Backflip”). During the first quarter of 2017, the Company acquired the remaining 30 % of Backflip for no additional consideration, making it a wholly-owned subsidiary of the Company.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 02, 2017
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 s and six-month periods ended July 2, 2017 and June 26, 2016 were computed as follows: 2017 2016 Quarter Basic Diluted Basic Diluted Net earnings attributable to Hasbro, Inc. $ 67,723 67,723 52,106 52,106 Average shares outstanding 125,263 125,263 125,475 125,475 Effect of dilutive securities: Options and other share-based awards - 2,104 - 1,566 Equivalent Shares 125,263 127,367 125,475 127,041 Net earnings attributable to Hasbro, Inc. per common share $ 0.54 0.53 0.42 0.41 2017 2016 Six Months Basic Diluted Basic Diluted Net earnings attributable to Hasbro, Inc. $ 136,322 136,322 100,857 100,857 Average shares outstanding 125,221 125,221 125,371 125,371 Effect of dilutive securities: Options and other share-based awards - 2,075 - 1,624 Equivalent Shares 125,221 127,296 125,371 126,995 Net earnings attributable to Hasbro, Inc. per common share $ 1.09 1.07 0.80 0.79 For the quarter s ended July 2, 2017 and June 26, 2016 , options and restricted stock units totaling 453 and 492, respectively, were excluded from the calculation of diluted earnings per share because to include them would have been antidilutive. For the six -month periods ended July 2, 2017 and June 26, 2016 , options and restricted stock units totaling 546 and 492 , respectively, were excluded from the calculation of diluted earnings per share because to includ e them would have been antidilutive.

Other Comprehensive Earnings (L

Other Comprehensive Earnings (Loss)	6 Months Ended
	Jul. 02, 2017
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 six -month periods ended July 2, 2017 and June 26, 2016 . Quarter Ended Six Months Ended July 2, June 26, July 2, June 26, 2017 2016 2017 2016 Other comprehensive earnings (loss), tax effect: Tax (expense) benefit on cash flow hedging activities $ (1,074) 4,747 4,236 8,003 Tax (expense) benefit on unrealized holding gains (losses) (148) 185 (130) (768) Reclassifications to earnings, tax effect: Tax expense (benefit) on cash flow hedging activities (640) 1,069 (1,009) 2,818 Tax benefit on unrecognized pension and postretirement amounts reclassified to the consolidated statements of operations (822) (666) (1,644) (1,333) Total tax effect on other comprehensive earnings (loss) $ (2,684) 5,335 1,453 8,720 Changes in the components of accumulated other comprehensive loss for the quarters ended July 2, 2017 and June 26, 2016 a re as follows: Unrealized Holding Total Gains Gains on Foreign Accumulated Pension and (Losses) on Available- Currency Other Postretirement Derivative for-Sale Translation Comprehensive Amounts Instruments Securities Adjustments Loss 2017 Balance at December 25, 2016 $ (118,401) 51,085 1,424 (128,678) (194,570) Current period other comprehensive earnings (loss) 2,897 (63,981) 229 28,812 (32,043) Balance at July 2, 2017 $ (115,504) (12,896) 1,653 (99,866) (226,613) 2016 Balance at December 27, 2015 $ (102,931) 79,317 1,258 (123,645) (146,001) Current period other comprehensive earnings (loss) 2,350 (51,968) 1,353 19,965 (28,300) Balance at June 26, 2016 $ (100,581) 27,349 2,611 (103,680) (174,301) At July 2, 2017 , the Company had remaining net deferred gains on foreign currency forward c ontracts, net of tax, of $4, 724 in accumulated other comprehensive loss ("AOCE"). These instruments hedge payments related to i nventory purchased in the second quarter of 2017 or forecasted to be purcha sed during the remainder of 2017 and, to a lesser extent, 2018 through 2021 , intercompany expenses expected to be paid or received during 2017 and 2018 , cash receipts for sal es made at the end of the second quarter of 2017 or forecasted to be made in the remainder of 2017 and, to a lesser extent, 2018 through 2019 . These amounts will be reclassified into the consolidated statements of operations upon t he 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 July 2, 2017 , deferr ed losses, net of tax of $17,620 related to these instruments remained in AOCE. For the quarter s ended July 2, 2017 and June 26, 2016 , previously deferred losses of $450 were reclassified from AOCE to net earnings. For the six month periods ended July 2, 2017 and June 26, 2016 , previously deferred losses of $ 934 and $899 were reclassified from AOCE to net earnings , respectively . Of the amount included in AOCE at July 2, 2017 , the Company expects n et losses of approximately $8,476 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	6 Months Ended
	Jul. 02, 2017
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 July 2, 2017 , June 26, 2016 and December 25, 2016 , the carrying cost of these instruments approximated their fair value. The Company's financial instruments at July 2, 2017 , June 26, 2016 and December 25, 2016 also include certain assets and liabilities mea sured at fair value (see Notes 6 an d 8 ) as well as long-term borrowings. The carrying costs which are equal to the outstanding principal amounts, and fair values of the Company's long-term borrowings as of July 2, 2017 , June 26, 2016 and December 25, 2016 are as follows: July 2, 2017 June 26, 2016 December 25, 2016 Carrying Fair Carrying Fair Carrying Fair Cost Value Cost Value Cost Value 6.35% Notes Due 2040 $ 500,000 614,800 500,000 608,600 500,000 584,850 6.30% Notes Due 2017 350,000 353,115 350,000 370,125 350,000 361,900 5.10% Notes Due 2044 300,000 325,500 300,000 317,490 300,000 297,600 3.15% Notes Due 2021 300,000 307,230 300,000 308,640 300,000 300,450 6.60% Debentures Due 2028 109,895 127,940 109,895 133,006 109,895 123,984 Total long-term debt $ 1,559,895 1,728,585 1,559,895 1,737,861 1,559,895 1,668,784 Less: Current portion 350,000 353,115 - - 350,000 361,900 Less: Deferred debt expenses 10,781 - 12,142 - 11,216 - Long-term debt $ 1,199,114 1,375,470 1,547,753 1,737,861 1,198,679 1,306,884 Current portion of long-term debt at July 2, 2017 and December 25, 2016 of $ 349,916 and $ 349,713 , respectively, as shown on the consolidated balance sheet represents the $350,000 principal of 6.30% notes less $ 84 and $ 287 , respectively, of deferred debt expenses. 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 term s, 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 th at 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	6 Months Ended
	Jul. 02, 2017
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 2012. 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. In the third quarter of 2016, the U.S. Internal Revenue Service commenced an examination related to the 2012 and 2013 amended U.S. federal income tax returns. The Company is also 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	6 Months Ended
	Jul. 02, 2017
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 o bservable 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 f or similar assets and liabilities. The Company has elected the fair value option for certain available-for-sale investments. At July 2, 2017 , June 26, 2016 and December 25, 2016 , t hese investments totaled $23,967, $23,056 and $23,571 , respectively, and are included in prepaid expenses and other current assets in the consolidated balance sheets. The Co mpany recorded net gains of $384 and $1,015 on these investments in other (income) expense, net for the quarter and six -months ended July 2, 2017 , respectively, related to the change in fair value of such instruments. For the quarter and six - month periods ended June 26, 2016 the Company recorded net losses of $399 and $482 , respectively, in other (income) expense, net, related to the change in fair value of such instruments. At July 2, 2017 , June 26, 2016 and December 25, 2016 , the Company had the following assets and liabilities measured at fair value in its consolidated balance sheets (excluding assets for which the fair val ue is measured using net asset value per share) : Fair Value Measurements Using: Quoted Prices in Active Markets Significant for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) July 2, 2017 Assets: Available-for-sale securities $ 4,096 4,096 - - Derivatives 25,372 - 25,372 - Total assets $ 29,468 4,096 25,372 - Liabilities: Derivatives $ 22,244 - 22,244 - Option agreement 28,500 - - 28,500 Total liabilities $ 50,744 - 22,244 28,500 June 26, 2016 Assets: Available-for-sale securities $ 5,597 5,597 - - Derivatives 63,277 - 63,277 - Total assets $ 68,874 5,597 63,277 - Liabilities: Derivatives $ 13,148 - 13,148 - Option agreement 27,560 - - 27,560 Total liabilities $ 40,708 - 13,148 27,560 December 25, 2016 Assets: Available-for-sale securities $ 3,736 3,736 - - Derivatives 87,894 - 87,894 - Total assets $ 91,630 3,736 87,894 - Liabilities: Derivatives $ 11,309 - 11,309 - Option agreement 28,770 - - 28,770 Total Liabilities $ 40,079 - 11,309 28,770 Available-for-sale securities include equity securities of one company quoted on an active public market . The Company' s derivatives consist of foreign currency forward contracts. The Company used current forward rates of the respective foreign currencies to measure the fair value of these contracts. The option agreement included in other liabilities at July 2, 2017 , June 26, 2016 and December 25, 2016 , is valued using an option pricing model based on the fair value of the related investment. Inputs used in the option pricing model include the volatility and fair value of the underlying compan y 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 valua tion techniques during the six -month period ended July 2, 2017 . The following is a reconciliation of the beginning and ending balances of the fair value measurements of the Company's fin ancial instruments which use significant unobservable inputs (Level 3): 2017 2016 Balance at beginning of year $ (28,770) (28,360) Gain from change in fair value 270 800 Balance at end of second quarter $ (28,500) (27,560) In addition to the above, the Company has three investments for which the fair value is measured using net asset value per share. At July 2, 2017 , June 26, 2016 and December 25, 2016 , these investments had fair values of $ 23 , 967 , $ 23,056 and $ 23,571, respectively. Two of the investments have net asset values that are predominantly based on underlying investments which are traded on an active market and are redeemable within 45 days. The third investment invests in hedge funds which are ge nerally redeemable on a quarterly basis with 30 – 90 days’ notice.

Pension and Postretirement Bene

Pension and Postretirement Benefits	6 Months Ended
	Jul. 02, 2017
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 postretireme nt plans for the quarter and six -month periods ended July 2, 2017 and June 26, 2016 are as follows: Quarter Ended Pension Postretirement July 2, June 26, July 2, June 26, 2017 2016 2017 2016 Service cost $ 921 995 173 133 Interest cost 4,430 4,604 295 293 Expected return on assets (5,880) (5,504) - - Net amortization and deferrals 2,519 2,132 - - Net periodic benefit cost $ 1,990 2,227 468 426 Six Months Ended Pension Postretirement July 2, June 26, July 2, June 26, 2017 2016 2017 2016 Service cost $ 1,873 1,993 345 265 Interest cost 9,155 9,210 590 587 Expected return on assets (12,161) (11,011) - - Net amortization and deferrals 5,213 4,264 - - Net periodic benefit cost $ 4,080 4,456 935 852 During the six months ended July 2, 2017 , the Company made cash contributions to its defined benefit pe nsion plans of approximately $ 1 , 050 in the aggregate. The Company expects to contribute approximately $ 27, 5 50 during the remainder of fiscal 2017 .

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jul. 02, 2017
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 E uros. 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 Com pany. 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 2017 through 2021 . At July 2, 2017 , June 26, 2016 and December 25, 2016 , the notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows: July 2, 2017 June 26, 2016 December 25, 2016 Notional Fair Notional Fair Notional Fair Hedged transaction Amount Value Amount Value Amount Value Inventory purchases $ 942,896 259 1,301,560 54,698 945,728 60,520 Sales 618,755 15,229 218,459 (2,792) 290,181 9,775 Royalties and Other 308,407 (9,545) 259,963 (2,810) 198,849 1,633 Total $ 1,870,058 5,943 1,779,982 49,096 1,434,758 71,928 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 July 2, 2017 , June 26, 2016 and December 25, 2016 as follows: July 2, June 26, December 25, 2017 2016 2016 Prepaid expenses and other current assets Unrealized gains $ 12,220 49,195 34,265 Unrealized losses (4,059) (9,953) (2,075) Net unrealized gain $ 8,161 39,242 32,190 Other assets Unrealized gains $ 22,468 29,838 51,839 Unrealized losses (5,257) (6,836) (792) Net unrealized gains $ 17,211 23,002 51,047 Accrued liabilities Unrealized gains $ 6,403 1,660 8,481 Unrealized losses (23,421) (10,600) (19,790) Net unrealized loss $ (17,018) (8,940) (11,309) Other liabilities Unrealized gains $ 2,079 223 - Unrealized losses (4,490) (4,431) - Net unrealized loss $ (2,411) (4,208) - Net gains (losses) on cash flow hedging activities have been reclassified from other comprehensive earnings (loss) to net earnings for the quarter and six -month periods ended July 2, 2017 and June 26, 2016 as follows: Quarter Ended Six Months Ended July 2, June 26, July 2, June 26, 2017 2016 2017 2016 Statements of Operations Classification Cost of sales $ 2,711 11,438 12,585 27,136 Sales 475 318 1,016 416 Other (436) (738) (405) (731) Net realized gains $ 2,750 11,018 13,196 26,821 In addition, losses of $1,528 and $6,486 were reclassified to earnings as a result of hedge ineffectiveness for the quarter and six -month periods ended July 2, 2017 , respectively. Net gains of $863 and $4,820 were reclassified to earnings as a result of hedge ineffectiveness for the quarter and six -month periods ended June 26, 2016 , respectively . 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 changes . T he Company does not use hedge accounting for these contracts as changes in the fair values of these contracts are substantially offset by changes in the fair value of the intercompany loans . As of July 2, 2017 , June 26, 2016 and December 25, 2016 the total notional amounts of the Company's undesignated der i vative instruments were $163,969, $105,569 and $268,308 , respectively. At July 2, 2017 , June 26, 2016 and December 25, 2016 , the fair values of the Company's undesignated derivative financial instruments were recorded in the consolidated balance sheets as follows: July 2, June 26, December 25, 2017 2016 2016 Prepaid expenses and other current assets Unrealized gains $ - 1,033 5,854 Unrealized losses - - (1,197) Net unrealized gain $ - 1,033 4,657 Accrued liabilities Unrealized gains $ 55 - - Unrealized losses (2,870) - - Net unrealized loss $ (2,815) - - Total unrealized (loss) gain, net $ (2,815) 1,033 4,657 The Comp any recorded net (losses) gains of ($2,856) and $725 on these instruments to other (income) expense, net for the quarter and six -month periods ended July 2, 2017 , respectively, and $5 ,079 and $8,334 on these instruments to other (income) expe nse, net for the quarter and six -month periods ended June 26, 2016 , respectively, relating to the change in fair value of such derivatives, substantially offsetting gains and losses from the change in fair value o f intercompany loans to which the contracts relate. For additional information related to the Company's derivative f inancial instruments see Notes 4 and 6 .

Segment Reporting

Segment Reporting	6 Months Ended
	Jul. 02, 2017
Segment Reporting (Thousands of Dollars) [Abstract]
Segment Reporting	(9) Segment Reporting Hasbro is a global play and entertainment company 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 product s, 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 consumer products licensing, digital gaming, movie and television entertainment operatio ns. The Global Operations segment is re sponsible for sourcing finished products for the Company's U.S. and Canada and International segments. 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, inclu ding 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 include d in Corporate and Eliminations. The accounting policies of the segments are the sa me as those referenced in note 1 . Results shown for the quarter and six months are not necessarily representative of those which may be expected for the full year 2017 , nor were those of the comparable 2016 period representative of those actually experienced for the full year 2016 . Similarly, such results are not necessarily those which would be achieved were each segment an unaffiliated business enter prise. Information by segment and a reconciliation to reported amounts for the quarter and six -month periods ended July 2, 2017 and June 26, 2016 are as follows. Quarter Ended July 2, 2017 June 26, 2016 Net revenues External Affiliate External Affiliate U.S. and Canada $ 494,427 2,455 425,899 1,552 International 426,564 15 401,129 261 Entertainment and Licensing 51,494 3,511 51,896 4,100 Global Operations (a) 21 403,541 21 372,058 Corporate and Eliminations - (409,522) - (377,971) $ 972,506 - 878,945 - Six Months Ended July 2, 2017 June 26, 2016 Net revenues External Affiliate External Affiliate U.S. and Canada $ 946,004 4,846 869,547 2,996 International 771,845 15 746,166 261 Entertainment and Licensing 104,223 7,013 94,391 8,801 Global Operations (a) 97 663,770 21 669,247 Corporate and Eliminations - (675,644) - (681,305) $ 1,822,169 - 1,710,125 - Quarter Ended Six Months Ended July 2, June 26, July 2, June 26, Operating profit (loss) 2017 2016 2017 2016 U.S. and Canada $ 81,557 57,953 146,311 136,288 International 16,884 29,654 17,428 32,507 Entertainment and Licensing 11,324 13,830 22,670 19,272 Global Operations (a) (7,607) (2,868) (6,774) 576 Corporate and Eliminations (b) (2,174) (13,695) (1,308) (17,853) $ 99,984 84,874 178,327 170,790 July 2, June 26, December 25, Total assets 2017 2016 2016 U.S. and Canada $ 2,799,960 2,400,243 2,559,792 International 2,132,992 1,982,740 2,368,761 Entertainment and Licensing 827,185 524,962 692,898 Global Operations 2,502,546 2,401,676 2,326,566 Corporate and Eliminations (b) (3,349,940) (2,965,236) (2,856,651) $ 4,912,743 4,344,385 5,091,366 (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 b etween actual and budgeted amounts are reflected in Corporate and Eliminations because allocations are translated from the US Dollar to local currenc y at budget rates when recorded. Corporate and Eliminations also includes the elimin ation of inter-comp any balance sheet amounts. The following table represents consolidated International segment net revenues by major geographic region for the quarter and six -month periods ended July 2, 2017 and June 26, 2016 . Quarter Ended Six Months Ended July 2, June 26, July 2, June 26, 2017 2016 2017 2016 Europe $ 237,607 228,124 453,727 452,247 Latin America 99,869 97,368 164,625 152,964 Asia Pacific 89,088 75,637 153,493 140,955 Net revenues $ 426,564 401,129 771,845 746,166 The following table presents consolidated net revenues by brand portfolio for the quarter and six -month periods ended July 2, 2017 and June 26, 2016 . Quarter Ended Six Months Ended July 2, June 26, July 2, June 26, 2017 2016 2017 2016 Franchise brands $ 545,718 452,268 976,462 868,642 Partner brands 230,015 227,088 442,977 485,313 Hasbro gaming 133,872 126,438 269,639 226,666 Emerging brands 62,901 73,151 133,091 129,504 Net revenues $ 972,506 878,945 1,822,169 1,710,125 Hasbro's total gaming category, including the Hasbro Gaming portfolio as reported above and all other gaming revenue, most notably MAGIC: THE GATHERING and MONOPOLY, which are included in the Franchise Brands portfolio, totaled $ 273,261 and $ 526,550 for the quarter and six months ended July 2, 2017, respectively. For the quarter and six months ended June 26, 2016 , revenues were $ 227,698 and $ 458,845 respectively. Hasbro believes its gaming portfolio is a competitive differentiator and views it in it s entirety. For the six-months ended July 2, 2017, first quarter revenues of $ 7,141 were reclassified from Hasbro Gaming to Franchise Brands to conform to the presentation for the quarter ended July 2, 2017. Including this reclassification, first quarter 2017 net revenues by Brand Portfolio were: Quarter Ended April 2, 2017 Franchise brands $ 430,744 Partner brands 212,962 Hasbro gaming 135,767 Emerging brands 70,190 Total $ 849,663

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jul. 02, 2017
Basis of Presentation [Abstract]
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 July 2, 2017 and June 26, 2016 , and th e 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 m anagement 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 July 2, 2017 and June 26, 2016 were each 13-week periods . The six -month period ended July 2, 2017 was a 27-week period while the six-month period ended June 26, 2016 was a 26-week period . The results of operations for the quarter and six -month periods ended July 2, 2017 are not necessarily indicative of results to be expected for the full year, nor were those of the comparable 2016 periods representative of those actual ly experienced for the full year 2016 . 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 25, 2016 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 25, 2016 with the exception of the accounting policy related to stock compensation. During the first quarter of 2017, the Company adopted Acco unting Standards Update (“ ASU ”) 2016-09, Improvements to Employee Share-Based Payment Accounting. The ASU includes provisions intended to simp lify how share-based payments are accounted for and presented in th e financial statements including: Prospectivel y, the requirement to record all of the tax effects related to share-based payments at settlement through the income statement . For the six-months ended July 2, 2017, excess tax benefits of $15,461 were recorded to income tax expense . A requirement that all tax-related cash flows resulting from share-based payments be reported as operating activities on the statement of cash flows. Previously, these amounts were reported as a cash inflow from financing activities. The Company elected t o apply this requirement of the standard retrospective ly. Accordingly, the cash flow statement for the six months ended June 26, 2016 has been restated to include $ 18,423 of cash flows from excess tax benefits, previously included as financing activities, in operating activities with other income tax cash flows. For the six months ended July 2, 2017 excess tax benefits of $ 15,461 were reported as operating activities. A requirement that all cash payments made to taxing authorities on the employees’ behalf for withheld shares shall be presented as financing activities in the statements of cash flows . Prior to adoption of ASU 2016-09, these cash flows were included as operating activities . This change was required to be applied on a retrospective basis and as a result, the Company has restated the consolidated statement of cash flows for the six months ended June 26, 2016 . T his change resulted in payments of $ 18,672 for the six months ended June 26, 2016 being included in financing activities . For the six m onths ended July 2, 2017, such payments amounted to $ 31,400 . E ntities are permitted to make an accounting policy election for the impact of forfeitures on the recognition of expense for share-based payment awards choosing either to estimate forfeitures as previously required or recognize forfeitures as they occur. The Company elected to change its method of accounting for forfeitures from estimating the number of stock-based awards expected to vest, to accountin g for forfeitures as they occur which resulted in a one-time charge , net of tax, of $ 700 to retained earnings recorded during the first quarter of 2017 . Based upon the Company’s history of forfeitures, it is not expected that this election will have a material impact on its financial statements going forward however, as any impact will be based on future forfeitures, the actual impact could differ from the Company’s expectation. Through 2016, the Company had one investment with a redeemable noncontrolling interest which was the Company’s 70 % majority interest in Backflip Studios, LLC (“Backflip”). During the first quarter of 2017, the Company acquired the remaining 30 % of Backflip for no additional consideration, making it a wholly-owned subsidiary of the Company.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jul. 02, 2017
Earnings Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]
Earnings Per Share	2017 2016 Quarter Basic Diluted Basic Diluted Net earnings attributable to Hasbro, Inc. $ 67,723 67,723 52,106 52,106 Average shares outstanding 125,263 125,263 125,475 125,475 Effect of dilutive securities: Options and other share-based awards - 2,104 - 1,566 Equivalent Shares 125,263 127,367 125,475 127,041 Net earnings attributable to Hasbro, Inc. per common share $ 0.54 0.53 0.42 0.41 2017 2016 Six Months Basic Diluted Basic Diluted Net earnings attributable to Hasbro, Inc. $ 136,322 136,322 100,857 100,857 Average shares outstanding 125,221 125,221 125,371 125,371 Effect of dilutive securities: Options and other share-based awards - 2,075 - 1,624 Equivalent Shares 125,221 127,296 125,371 126,995 Net earnings attributable to Hasbro, Inc. per common share $ 1.09 1.07 0.80 0.79

Other Comprehensive Earnings 18

Other Comprehensive Earnings (Loss) (Tables)	6 Months Ended
	Jul. 02, 2017
Other Comprehensive Earnings (Loss) [Abstract]
Schedule of Other Comprehensive Income, Tax Effect [Text Block]	Quarter Ended Six Months Ended July 2, June 26, July 2, June 26, 2017 2016 2017 2016 Other comprehensive earnings (loss), tax effect: Tax (expense) benefit on cash flow hedging activities $ (1,074) 4,747 4,236 8,003 Tax (expense) benefit on unrealized holding gains (losses) (148) 185 (130) (768) Reclassifications to earnings, tax effect: Tax expense (benefit) on cash flow hedging activities (640) 1,069 (1,009) 2,818 Tax benefit on unrecognized pension and postretirement amounts reclassified to the consolidated statements of operations (822) (666) (1,644) (1,333) Total tax effect on other comprehensive earnings (loss) $ (2,684) 5,335 1,453 8,720
Schedule of Accumulated Other Comprehensive Earnings (Loss)	Unrealized Holding Total Gains Gains on Foreign Accumulated Pension and (Losses) on Available- Currency Other Postretirement Derivative for-Sale Translation Comprehensive Amounts Instruments Securities Adjustments Loss 2017 Balance at December 25, 2016 $ (118,401) 51,085 1,424 (128,678) (194,570) Current period other comprehensive earnings (loss) 2,897 (63,981) 229 28,812 (32,043) Balance at July 2, 2017 $ (115,504) (12,896) 1,653 (99,866) (226,613) 2016 Balance at December 27, 2015 $ (102,931) 79,317 1,258 (123,645) (146,001) Current period other comprehensive earnings (loss) 2,350 (51,968) 1,353 19,965 (28,300) Balance at June 26, 2016 $ (100,581) 27,349 2,611 (103,680) (174,301)

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jul. 02, 2017
Financial Instruments (Thousands of Dollars) [Abstract]
Schedule of Long-term Debt Instruments	July 2, 2017 June 26, 2016 December 25, 2016 Carrying Fair Carrying Fair Carrying Fair Cost Value Cost Value Cost Value 6.35% Notes Due 2040 $ 500,000 614,800 500,000 608,600 500,000 584,850 6.30% Notes Due 2017 350,000 353,115 350,000 370,125 350,000 361,900 5.10% Notes Due 2044 300,000 325,500 300,000 317,490 300,000 297,600 3.15% Notes Due 2021 300,000 307,230 300,000 308,640 300,000 300,450 6.60% Debentures Due 2028 109,895 127,940 109,895 133,006 109,895 123,984 Total long-term debt $ 1,559,895 1,728,585 1,559,895 1,737,861 1,559,895 1,668,784 Less: Current portion 350,000 353,115 - - 350,000 361,900 Less: Deferred debt expenses 10,781 - 12,142 - 11,216 - Long-term debt $ 1,199,114 1,375,470 1,547,753 1,737,861 1,198,679 1,306,884

Fair Value of Financial Instr20

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jul. 02, 2017
Fair Value of Financial Instruments (Thousands of Dollars) [Abstract]
Fair Value Hierarchy	Fair Value Measurements Using: Quoted Prices in Active Markets Significant for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) July 2, 2017 Assets: Available-for-sale securities $ 4,096 4,096 - - Derivatives 25,372 - 25,372 - Total assets $ 29,468 4,096 25,372 - Liabilities: Derivatives $ 22,244 - 22,244 - Option agreement 28,500 - - 28,500 Total liabilities $ 50,744 - 22,244 28,500 June 26, 2016 Assets: Available-for-sale securities $ 5,597 5,597 - - Derivatives 63,277 - 63,277 - Total assets $ 68,874 5,597 63,277 - Liabilities: Derivatives $ 13,148 - 13,148 - Option agreement 27,560 - - 27,560 Total liabilities $ 40,708 - 13,148 27,560 December 25, 2016 Assets: Available-for-sale securities $ 3,736 3,736 - - Derivatives 87,894 - 87,894 - Total assets $ 91,630 3,736 87,894 - Liabilities: Derivatives $ 11,309 - 11,309 - Option agreement 28,770 - - 28,770 Total Liabilities $ 40,079 - 11,309 28,770
Reconciliation of Level 3 Fair Value	2017 2016 Balance at beginning of year $ (28,770) (28,360) Gain from change in fair value 270 800 Balance at end of second quarter $ (28,500) (27,560)

Pension and Postretirement Be21

Pension and Postretirement Benefits (Tables)	6 Months Ended
	Jul. 02, 2017
Pension and Postretirement Benefits (Thousands of Dollars) [Abstract]
Components of net periodic cost	Quarter Ended Pension Postretirement July 2, June 26, July 2, June 26, 2017 2016 2017 2016 Service cost $ 921 995 173 133 Interest cost 4,430 4,604 295 293 Expected return on assets (5,880) (5,504) - - Net amortization and deferrals 2,519 2,132 - - Net periodic benefit cost $ 1,990 2,227 468 426 Six Months Ended Pension Postretirement July 2, June 26, July 2, June 26, 2017 2016 2017 2016 Service cost $ 1,873 1,993 345 265 Interest cost 9,155 9,210 590 587 Expected return on assets (12,161) (11,011) - - Net amortization and deferrals 5,213 4,264 - - Net periodic benefit cost $ 4,080 4,456 935 852

Derivative Financial Instrume22

Derivative Financial Instruments (Tables)	6 Months Ended
	Jul. 02, 2017
Derivative Financial Instruments (Thousands of Dollars) [Abstract]
Summary of Cash Flow Hedging Instruments	July 2, 2017 June 26, 2016 December 25, 2016 Notional Fair Notional Fair Notional Fair Hedged transaction Amount Value Amount Value Amount Value Inventory purchases $ 942,896 259 1,301,560 54,698 945,728 60,520 Sales 618,755 15,229 218,459 (2,792) 290,181 9,775 Royalties and Other 308,407 (9,545) 259,963 (2,810) 198,849 1,633 Total $ 1,870,058 5,943 1,779,982 49,096 1,434,758 71,928
Derivatives Fair Value by Balance Sheet Location	July 2, June 26, December 25, 2017 2016 2016 Prepaid expenses and other current assets Unrealized gains $ 12,220 49,195 34,265 Unrealized losses (4,059) (9,953) (2,075) Net unrealized gain $ 8,161 39,242 32,190 Other assets Unrealized gains $ 22,468 29,838 51,839 Unrealized losses (5,257) (6,836) (792) Net unrealized gains $ 17,211 23,002 51,047 Accrued liabilities Unrealized gains $ 6,403 1,660 8,481 Unrealized losses (23,421) (10,600) (19,790) Net unrealized loss $ (17,018) (8,940) (11,309) Other liabilities Unrealized gains $ 2,079 223 - Unrealized losses (4,490) (4,431) - Net unrealized loss $ (2,411) (4,208) -
Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations	Quarter Ended Six Months Ended July 2, June 26, July 2, June 26, 2017 2016 2017 2016 Statements of Operations Classification Cost of sales $ 2,711 11,438 12,585 27,136 Sales 475 318 1,016 416 Other (436) (738) (405) (731) Net realized gains $ 2,750 11,018 13,196 26,821
Fair values of undesignated derivative financial instruments	July 2, June 26, December 25, 2017 2016 2016 Prepaid expenses and other current assets Unrealized gains $ - 1,033 5,854 Unrealized losses - - (1,197) Net unrealized gain $ - 1,033 4,657 Accrued liabilities Unrealized gains $ 55 - - Unrealized losses (2,870) - - Net unrealized loss $ (2,815) - - Total unrealized (loss) gain, net $ (2,815) 1,033 4,657

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended	6 Months Ended
	Apr. 02, 2017	Jul. 02, 2017
Segment Reporting (Thousands of Dollars) [Abstract]
Net revenues by segment		Quarter Ended July 2, 2017 June 26, 2016 Net revenues External Affiliate External Affiliate U.S. and Canada $ 494,427 2,455 425,899 1,552 International 426,564 15 401,129 261 Entertainment and Licensing 51,494 3,511 51,896 4,100 Global Operations (a) 21 403,541 21 372,058 Corporate and Eliminations - (409,522) - (377,971) $ 972,506 - 878,945 - Six Months Ended July 2, 2017 June 26, 2016 Net revenues External Affiliate External Affiliate U.S. and Canada $ 946,004 4,846 869,547 2,996 International 771,845 15 746,166 261 Entertainment and Licensing 104,223 7,013 94,391 8,801 Global Operations (a) 97 663,770 21 669,247 Corporate and Eliminations - (675,644) - (681,305) $ 1,822,169 - 1,710,125 -
Operating profit (loss) by segments		Quarter Ended Six Months Ended July 2, June 26, July 2, June 26, Operating profit (loss) 2017 2016 2017 2016 U.S. and Canada $ 81,557 57,953 146,311 136,288 International 16,884 29,654 17,428 32,507 Entertainment and Licensing 11,324 13,830 22,670 19,272 Global Operations (a) (7,607) (2,868) (6,774) 576 Corporate and Eliminations (b) (2,174) (13,695) (1,308) (17,853) $ 99,984 84,874 178,327 170,790
Total assets by segments		July 2, June 26, December 25, Total assets 2017 2016 2016 U.S. and Canada $ 2,799,960 2,400,243 2,559,792 International 2,132,992 1,982,740 2,368,761 Entertainment and Licensing 827,185 524,962 692,898 Global Operations 2,502,546 2,401,676 2,326,566 Corporate and Eliminations (b) (3,349,940) (2,965,236) (2,856,651) $ 4,912,743 4,344,385 5,091,366
Schedule of net revenues by international region		Quarter Ended Six Months Ended July 2, June 26, July 2, June 26, 2017 2016 2017 2016 Europe $ 237,607 228,124 453,727 452,247 Latin America 99,869 97,368 164,625 152,964 Asia Pacific 89,088 75,637 153,493 140,955 Net revenues $ 426,564 401,129 771,845 746,166
Net revenues by product category	Quarter Ended April 2, 2017 Franchise brands $ 430,744 Partner brands 212,962 Hasbro gaming 135,767 Emerging brands 70,190 Total $ 849,663	Quarter Ended Six Months Ended July 2, June 26, July 2, June 26, 2017 2016 2017 2016 Franchise brands $ 545,718 452,268 976,462 868,642 Partner brands 230,015 227,088 442,977 485,313 Hasbro gaming 133,872 126,438 269,639 226,666 Emerging brands 62,901 73,151 133,091 129,504 Net revenues $ 972,506 878,945 1,822,169 1,710,125

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Apr. 02, 2017	Jul. 02, 2017	Jun. 26, 2016	Dec. 25, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Payments Related To Tax Withholding For Share Based Compensation		$ 31,400	$ 18,672
Backflip Studios, LLC [Member]
Redeemable Noncontrolling Interest [Line Items]
MinorityInterestOwnershipPercentageByParent				70.00%
Noncontrolling Interest, Remaining Ownership Percentage Acquired by Parent		30.00%
Accounting Standards Update 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Excess Tax Benefit from Share-based Compensation, Operating Activities		$ 15,461	18,423
Payments Related To Tax Withholding For Share Based Compensation		$ 31,400	$ 18,672
Stock Issued During Period, Value, Restricted Stock Award, Forfeitures	$ 700

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016
Earnings Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]
Net Earnings Attributable to Hasbro, Inc.	$ 67,723	$ 52,106	$ 136,322	$ 100,857
Basic [Abstract]
Average shares outstanding (in shares)	125,263	125,475	125,221	125,371
Equivalent shares (basic) (in shares)	125,263	125,475	125,221	125,371
Net earnings attributable to Hasbro, Inc. per common share-basic (in dollars per share)	$ 0.54	$ 0.42	$ 1.09	$ 0.8
Diluted [Abstract]
Average shares outstanding (in shares)	125,263	125,475	125,221	125,371
Effect of dilutive securities:
Options and other share-based awards (in shares)	2,104	1,566	2,075	1,624
Equivalent shares (diluted) (in shares)	127,367	127,041	127,296	126,995
Net earnings attributable to Hasbro, Inc. per common share-diluted (in dollars per share)	$ 0.53	$ 0.41	$ 1.07	$ 0.79
Employee Stock Option and Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to acquire shares totaling excluded as antidilutive	453	492	546	492

Other Comprehensive Earnings 26

Other Comprehensive Earnings (Loss), Tax Effects on Changes in Other Comprehensive Earnings (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016
Other Comprehensive Earnings (Loss) [Abstract]
Tax (expense) benefit on cash flow hedging activities	$ (1,074)	$ 4,747	$ 4,236	$ 8,003
Tax (expense) benefit on unrealized holding gains (losses)	(148)	185	(130)	(768)
Reclassification Adjustment from AOCE, Tax expense (benefit) on cash flow hedging activities	(640)	1,069	(1,009)	2,818
Reclassification Adjustment from AOCE, Tax benefit on amortization of unrecognized pension and postretirement amounts	(822)	(666)	(1,644)	(1,333)
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent, Total	(2,684)	$ 5,335	$ 1,453	$ 8,720
Cash Flow Hedge gains to be Reclassified within Twelve Months	$ 8,476

Other Comprehensive Earnings 27

Other Comprehensive Earnings (Loss), Changes in the components of accumulated other comprehensive loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			$ (194,570)	$ (146,001)
Other Comprehensive Earnings (Loss), Net of Tax, Total	$ (29,442)	$ (9,948)	(32,043)	(28,300)
Total accumulated other comprehensive earnings (loss), End of Period	(226,613)	(174,301)	(226,613)	(174,301)
Pension and Postretirement Amounts [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			(118,401)	(102,931)
Other Comprehensive Earnings (Loss), Net of Tax, Total			2,897	2,350
Total accumulated other comprehensive earnings (loss), End of Period	(115,504)	(100,581)	(115,504)	(100,581)
Gains (Losses) On Derivative Instruments [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			51,085	79,317
Other Comprehensive Earnings (Loss), Net of Tax, Total			(63,981)	(51,968)
Total accumulated other comprehensive earnings (loss), End of Period	(12,896)	27,349	(12,896)	27,349
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	(17,620)		(17,620)
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	4,724		4,724
Unrealized Holding Gains on Available-for-Sale Securities [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			1,424	1,258
Other Comprehensive Earnings (Loss), Net of Tax, Total			229	1,353
Total accumulated other comprehensive earnings (loss), End of Period	1,653	2,611	1,653	2,611
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			(128,678)	(123,645)
Other Comprehensive Earnings (Loss), Net of Tax, Total			28,812	19,965
Total accumulated other comprehensive earnings (loss), End of Period	$ (99,866)	$ (103,680)	$ (99,866)	$ (103,680)

Other Comprehensive Earnings 28

Other Comprehensive Earnings (Loss), Reclassification From Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest Expense	$ 24,224	$ 23,914	$ 48,680	$ 47,958
Reclassification out of Accumulated Other Comprehensive Income [Member] | Gains (Losses) On Derivative Instruments [Member] | Interest Rate Contract [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest Expense	$ 450	$ 450	$ 934	$ 899

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2017	Dec. 25, 2016	Jun. 26, 2016
Debt Instrument [Line Items]
Carrying Cost	$ 1,559,895	$ 1,559,895	$ 1,559,895
Current portion of long-term debt	350,000	350,000	0
Less: Deferred debt expenses	10,781	11,216	12,142
Long-term debt	1,199,114	1,198,679	1,547,753
Fair Value	1,728,585	1,668,784	1,737,861
Long-Term Debt Fair Value, Current Maturities	353,115	361,900	0
Long-term Debt Fair Value, Excluding Current Maturities	1,375,470	1,306,884	1,737,861
Current portion of long-term debt	349,916	349,713	0
Notes 6.35% Due 2040 [Member]
Debt Instrument [Line Items]
Carrying Cost	500,000	500,000	500,000
Fair Value	$ 614,800	584,850	608,600
Maturity Date	Mar. 15, 2040
Interest Rate	6.35%
Notes 6.30% Due 2017 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 350,000	350,000	350,000
Fair Value	$ 353,115	361,900	370,125
Maturity Date	Sep. 15, 2017
Interest Rate	6.30%
Current portion of long-term debt	$ 349,916	349,713
Deferred debt expenses, current portion	84	287
Notes 5.10% Due 2044 [Member]
Debt Instrument [Line Items]
Carrying Cost	300,000	300,000	300,000
Fair Value	$ 325,500	297,600	317,490
Maturity Date	May 16, 2044
Interest Rate	5.10%
Notes 3.15% Due 2021 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 300,000	300,000	300,000
Fair Value	$ 307,230	300,450	308,640
Maturity Date	May 17, 2021
Interest Rate	3.15%
Debentures 6.60% Due 2028 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 109,895	109,895	109,895
Fair Value	$ 127,940	$ 123,984	$ 133,006
Maturity Date	Jan. 18, 2028
Interest Rate	6.60%

Fair Value of Financial Instr30

Fair Value of Financial Instruments, Assests and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2017	Dec. 25, 2016	Jun. 26, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, assets	$ 4,096	$ 3,736	$ 5,597
Derivatives, assets	25,372	87,894	63,277
Total assets, fair value hierarchy	29,468	91,630	68,874
Derivatives, liabilities	22,244	11,309	13,148
Option Agreement	28,500	28,770	27,560
Total Liabilities	$ 50,744	40,079	40,708
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Investment Redemption, Notice Period	45 days
Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Investment Redemption, Notice Period	60 days
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Investment Redemption, Notice Period	90 days
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	$ 4,096	3,736	5,597
Derivatives, assets	0	0	0
Total assets, fair value hierarchy	4,096	3,736	5,597
Derivatives, liabilities	0	0	0
Option Agreement	0	0	0
Total Liabilities	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	0	0	0
Derivatives, assets	25,372	87,894	63,277
Total assets, fair value hierarchy	25,372	87,894	63,277
Derivatives, liabilities	22,244	11,309	13,148
Option Agreement	0	0	0
Total Liabilities	22,244	11,309	13,148
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, assets	0	0	0
Derivatives, assets	0	0	0
Total assets, fair value hierarchy	0	0	0
Derivatives, liabilities	0	0	0
Option Agreement	28,500	28,770	27,560
Total Liabilities	$ 28,500	$ 28,770	$ 27,560

Fair Value of Financial Instr31

Fair Value of Financial Instruments, Significant Unobservable Inputs Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016	Dec. 25, 2016
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of year			$ (28,770)	$ (28,360)
Gain from change in fair value			270	800
Balance at end of period	$ (28,500)	$ (27,560)	(28,500)	(27,560)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Other (income) expense, net	6,010	3,748	17,396	(1,124)
Fair Value, Measurements, Recurring [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Alternative Investments, Fair Value Disclosure	23,967	23,056	23,967	23,056	$ 23,571
Other (income) expense, net	$ 384	$ 399	$ 1,015	$ 482

Pension and Postretirement Be32

Pension and Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016
Pension [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 921	$ 995	$ 1,873	$ 1,993
Interest cost	4,430	4,604	9,155	9,210
Expected return on assets	(5,880)	(5,504)	(12,161)	(11,011)
Net amortization and deferrals	2,519	2,132	5,213	4,264
Curtailment losses			0	0
Net periodic benefit cost	1,990	2,227	4,080	4,456
Contributions to defined benefit pension plans			1,050
Expected contributions during the remainder of fiscal year			27,550
Postretirement [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	173	133	345	265
Interest cost	295	293	590	587
Expected return on assets	0	0	0	0
Net amortization and deferrals	0	0	0	0
Curtailment losses			0	0
Net periodic benefit cost	$ 468	$ 426	$ 935	$ 852

Derivative Financial Instrume33

Derivative Financial Instruments, Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016	Dec. 25, 2016
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Other Income (Expense) [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$ (2,856)	$ 5,079	$ 725	$ 8,334
Not Designated as Hedging Instrument [Member] | Intercompany Loans [Member]
Derivative [Line Items]
Notional amount of derivative	163,969	105,569	163,969	105,569	$ 268,308
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Derivative [Line Items]
Ineffective portion, amount of gains (losses) reclassified from other comprehensive earnings into earnings	(1,528)	863	(6,486)	4,820
Notional amount of derivative	$ 1,870,058	$ 1,779,982	$ 1,870,058	$ 1,779,982	$ 1,434,758

Derivative Financial Instrume34

Derivative Financial Instruments, Notional Amounts and Fair Values of Foreign Currency Forward Contracts Designated as Cash Flow Hedging Instruments (Details) - Cash Flow Hedging [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Jul. 02, 2017	Dec. 25, 2016	Jun. 26, 2016
Foreign Exchange Forward [Member]
Derivative [Line Items]
Notional amount of derivative	$ 1,870,058	$ 1,434,758	$ 1,779,982
Fair value of hedged item	5,943	71,928	49,096
Inventory Purchases [Member]
Derivative [Line Items]
Notional amount of derivative	942,896	945,728	1,301,560
Fair value of hedged item	259	60,520	54,698
Sales [Member]
Derivative [Line Items]
Notional amount of derivative	618,755	290,181	218,459
Fair value of hedged item	15,229	9,775	(2,792)
Royalties and Other [Member]
Derivative [Line Items]
Notional amount of derivative	308,407	198,849	259,963
Fair value of hedged item	$ (9,545)	$ 1,633	$ (2,810)

Derivative Financial Instrume35

Derivative Financial Instruments, Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type (Details) - Foreign Exchange Forward [Member] - USD ($) $ in Thousands	Jul. 02, 2017	Dec. 25, 2016	Jun. 26, 2016
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Net unrealized gain (loss)	$ (2,815)	$ 4,657	$ 1,033
Not Designated as Hedging Instrument [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	0	5,854	1,033
Unrealized losses	0	(1,197)	0
Net unrealized gain (loss)	0	4,657	1,033
Not Designated as Hedging Instrument [Member] | Accrued liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	55	0	0
Unrealized losses	(2,870)	0	0
Net unrealized gain (loss)	(2,815)	0	0
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Net unrealized gain (loss)	5,943	71,928	49,096
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	12,220	34,265	49,195
Unrealized losses	(4,059)	(2,075)	(9,953)
Net unrealized gain (loss)	8,161	32,190	39,242
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	22,468	51,839	29,838
Unrealized losses	(5,257)	(792)	(6,836)
Net unrealized gain (loss)	17,211	51,047	23,002
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Accrued liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	6,403	8,481	1,660
Unrealized losses	(23,421)	(19,790)	(10,600)
Net unrealized gain (loss)	(17,018)	(11,309)	(8,940)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	2,079	0	223
Unrealized losses	(4,490)	0	(4,431)
Net unrealized gain (loss)	$ (2,411)	$ 0	$ (4,208)

Derivative Financial Instrume36

Derivative Financial Instruments, Gain (Loss) by Hedging Relationship, by Income Statement Location (Details) - Foreign Exchange Forward [Member] - Cash Flow Hedging [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	$ 2,750	$ 11,018	$ 13,196	$ 26,821
Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	2,711	11,438	12,585	27,136
Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	475	318	1,016	416
Royalties and Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	$ (436)	$ (738)	$ (405)	$ (731)

Segment Reporting, Net revenues

Segment Reporting, Net revenues by segment (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jul. 02, 2017	Apr. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		$ 972,506	$ 849,663	$ 878,945	$ 1,822,169	$ 1,710,125
Net revenues, affiliates		0		0	0	0
Operating Profit (Loss)		99,984		84,874	178,327	170,790
Corporate and Eliminations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		0		0	0	0
Net revenues, affiliates		(409,522)		(377,971)	(675,644)	(681,305)
Operating Profit (Loss)	[1]	(2,174)		(13,695)	(1,308)	(17,853)
U.S. and Canada [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		494,427		425,899	946,004	869,547
Net revenues, affiliates		2,455		1,552	4,846	2,996
Operating Profit (Loss)		81,557		57,953	146,311	136,288
International [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		426,564		401,129	771,845	746,166
Net revenues, affiliates		15		261	15	261
Operating Profit (Loss)		16,884		29,654	17,428	32,507
Entertainment and Licensing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		51,494		51,896	104,223	94,391
Net revenues, affiliates		3,511		4,100	7,013	8,801
Operating Profit (Loss)		11,324		13,830	22,670	19,272
Global Operations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external	[2]	21		21	97	21
Net revenues, affiliates	[2]	403,541		372,058	663,770	669,247
Operating Profit (Loss)	[2]	$ (7,607)		$ (2,868)	$ (6,774)	$ 576
[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 b etween actual and budgeted amounts are reflected in Corporate and Eliminations because allocations are translated from the US Dollar to local currenc y at budget rates when recorded. Corporate and Eliminations also includes the elimin ation of inter-comp any balance sheet amounts.
[2]	The Global Operations segment derives substantially all of its revenues, and thus its operating results, from intersegment activities.

Segment Reporting, Total assets

Segment Reporting, Total assets by segments (Details) - USD ($) $ in Thousands		Jul. 02, 2017	Dec. 25, 2016	Jun. 26, 2016
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		$ 4,912,743	$ 5,091,366	$ 4,344,385
Corporate and Eliminations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	[1]	(3,349,940)	(2,856,651)	(2,965,236)
U.S. and Canada [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,799,960	2,559,792	2,400,243
International [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,132,992	2,368,761	1,982,740
Entertainment and Licensing [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		827,185	692,898	524,962
Global Operations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		$ 2,502,546	$ 2,326,566	$ 2,401,676
[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 b etween actual and budgeted amounts are reflected in Corporate and Eliminations because allocations are translated from the US Dollar to local currenc y at budget rates when recorded. Corporate and Eliminations also includes the elimin ation of inter-comp any balance sheet amounts.

Segment Reporting, Internationa

Segment Reporting, International Segment Net Revenues (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jul. 02, 2017	Apr. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 972,506	$ 849,663	$ 878,945	$ 1,822,169	$ 1,710,125
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	426,564		401,129	771,845	746,166
Europe [Member] | International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	237,607		228,124	453,727	452,247
Latin America [Member] | International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	99,869		97,368	164,625	152,964
Asia Pacific [Member] | International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 89,088		$ 75,637	$ 153,493	$ 140,955

Segment Reporting, Revenue by P

Segment Reporting, Revenue by Products (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jul. 02, 2017	Apr. 02, 2017	Jun. 26, 2016	Jul. 02, 2017	Jun. 26, 2016
Revenue from External Customer [Line Items]
Net revenue	$ 972,506	$ 849,663	$ 878,945	$ 1,822,169	$ 1,710,125
Franchise Brands [Member]
Revenue from External Customer [Line Items]
Net revenue	545,718	430,744	452,268	976,462	868,642
Partner Brands [Member]
Revenue from External Customer [Line Items]
Net revenue	230,015	212,962	227,088	442,977	485,313
Hasbro Gaming [Member]
Revenue from External Customer [Line Items]
Net revenue	133,872	135,767	126,438	269,639	226,666
Gaming including Magic the Gathering and Monopoly [Member]
Revenue from External Customer [Line Items]
Net revenue	273,261		227,698	$ 526,550	458,845
Segment Reporting, Additional Information about Entity's Reportable Segments				Hasbro's total gaming category, including the Hasbro Gaming portfolio as reported above and all other gaming revenue, most notably MAGIC: THE GATHERING and MONOPOLY, which are included in the Franchise Brands portfolio, totaled $273,261 and $526,550 for the quarter and six months ended July 2, 2017, respectively. For the quarter and six months ended June 26, 2016, revenues were $227,698 and $458,845 respectively. Hasbro believes its gaming portfolio is a competitive differentiator and views it in its entirety. For the six-months ended July 2, 2017, first quarter revenues of $7,141 were reclassified from Hasbro Gaming to Franchise Brands to conform to the presentation for the quarter ended July 2, 2017. Including this reclassification, first quarter 2017 net revenues by Brand Portfolio were:
Emerging Brands [Member]
Revenue from External Customer [Line Items]
Net revenue	$ 62,901	70,190	$ 73,151	$ 133,091	$ 129,504
Hasbro Gaming to Franchise Brands [Member]
Revenue from External Customer [Line Items]
Net revenue		$ 7,141