Hasbro (HAS) 10-Q 1 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 01, 2018	Jul. 23, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	HASBRO INC
Entity Central Index Key	46,080
Current Fiscal Year End Date	--12-30
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		126,938,974
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 1, 2018
Trading Symbol	HAS

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jul. 02, 2017
Current assets
Cash and cash equivalents	$ 1,159,072	$ 1,581,234	$ 1,433,500
Accounts receivable, less allowance for doubtful accounts of $95,900, $31,400 and $15,200 as of July 1, 2018, December 31, 2017 and July 2, 2017, respectively	739,268	1,405,399	846,547
Inventories	610,248	433,293	557,507
Prepaid expenses and other current assets	319,045	214,000	257,251
Total current assets	2,827,633	3,633,926	3,094,805
Property, plant and equipment, less accumulated depreciation of $444,500, $422,100 and $408,200 as of July 1, 2018, December 31, 2017 and July 2, 2017, respectively	265,904	259,710	268,973
Other assets
Goodwill	572,488	573,063	572,143
Other intangible assets, net of accumulated amortization of $915,900, $904,900 and $891,800 as of July 1, 2018, December 31, 2017 and July 2, 2017, respectively	741,076	217,382	230,188
Other	706,755	605,902	746,634
Total other assets	2,020,319	1,396,347	1,548,965
Total assets	5,113,856	5,289,983	4,912,743
Current liabilities
Short-term borrowings	20,121	154,957	186,863
Current portion of long-term debt	0	0	349,916
Accounts payable	339,861	348,476	368,312
Accrued liabilities	692,462	748,264	567,156
Total current liabilities	1,052,444	1,251,697	1,472,247
Long-term debt	1,694,350	1,693,609	1,199,114
Other liabilities	600,312	514,720	408,888
Total liabilities	3,347,106	3,460,026	3,080,249
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 at July 1, 2018, December 31, 2017, and July 2, 2017	104,847	104,847	104,847
Additional paid-in capital	1,263,657	1,050,605	1,021,690
Retained earnings	4,070,661	4,260,222	4,141,903
Accumulated other comprehensive loss	(295,076)	(239,425)	(226,613)
Treasury stock, at cost; 82,370,078 shares at July 1, 2018; 85,244,923 shares at December 31, 2017; and 84,615,971 shares at July 2, 2017	(3,377,339)	(3,346,292)	(3,209,333)
Total shareholders' equity	1,766,750	1,829,957	1,832,494
Total liabilities and shareholders' equity	$ 5,113,856	$ 5,289,983	$ 4,912,743

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) Parenthetical - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jul. 02, 2017
Current assets
Accounts receivable, allowance for doubtful accounts	$ 95,900	$ 31,400	$ 15,200
Property, plant and equipment, accumulated depreciation	444,500	422,100	408,200
Other assets
Other intangibles, accumulated amortization	$ 915,900	$ 904,900	$ 891,800
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)	82,370,078	85,244,923	84,615,971

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017
Consolidated Statements of Operations (Unaudited) [Abstract]
Net revenues	$ 904,458	$ 972,506	$ 1,620,799	$ 1,822,169
Costs and expenses
Cost of sales	338,306	368,233	593,493	674,315
Royalties	66,045	79,152	135,697	143,532
Product development	59,859	62,793	117,243	125,379
Advertising	87,601	92,374	155,617	173,310
Amortization of intangibles	4,554	7,881	11,032	15,762
Program production cost amortization	7,297	5,188	19,331	10,758
Selling, distribution and administration	253,208	256,901	581,217	500,786
Total costs and expenses	816,870	872,522	1,613,630	1,643,842
Operating Profit	87,588	99,984	7,169	178,327
Non-operating (income) expense
Interest Expense	22,803	24,224	45,612	48,680
Interest income	(6,308)	(5,116)	(12,556)	(10,680)
Other income, net	2,969	(6,010)	(5,623)	(17,396)
Total non-operating expense, net	19,464	13,098	27,433	20,604
Earnings (loss) before income taxes	68,124	86,886	(20,264)	157,723
Income tax expense	7,825	19,163	31,929	21,401
Net earnings (loss)	$ 60,299	$ 67,723	$ (52,193)	$ 136,322
Net earnings (loss) per common share:
Basic (in dollars per share)	$ 0.48	$ 0.54	$ (0.42)	$ 1.09
Diluted (in dollars per share)	0.48	0.53	(0.42)	1.07
Cash dividends declared per common share (in dollars per share)	$ 0.63	$ 0.57	$ 1.26	$ 1.14

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017
Consolidated Statements of Comprehensive Earnings (Loss) [Abstract]
Net earnings (loss)	$ 60,299	$ 67,723	$ (52,193)	$ 136,322
Other comprehensive earnings (loss):
Foreign currency translation adjustments	(50,627)	4,139	(37,798)	28,812
Net losses on cash flow hedging activities, net of tax	43,712	(33,880)	18,442	(57,197)
Unrealized holding losses on available-for-sale securities, net of tax	87	260	(56)	229
Changes in unrecognized pension and postretirement amounts, net of tax	0	0	(26,058)	0
Reclassifications to earnings (loss), net of tax:
Net losses (gains) on cash flow hedging activities	1,635	(1,410)	6,990	(6,784)
Amortization of unrecognized pension and postretirement amounts	2,512	1,449	4,332	2,897
Total other comprehensive loss, net of tax	(2,681)	(29,442)	(34,148)	(32,043)
Comprehensive earnings (loss)	$ 57,618	$ 38,281	$ (86,341)	$ 104,279

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017
Cash flows from operating activities
Net earnings (loss)	$ (52,193)	$ 136,322
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of plant and equipment	62,292	65,791
Amortization of intangibles	11,032	15,762
Program production cost amortization	19,331	10,758
Deferred income taxes	(17,839)	10,908
Stock-based compensation	23,545	25,132
Other non-cash items	(8,442)	(10,212)
Change in operating assets and liabilities net of acquired balances:
Decrease in accounts receivable	657,175	491,935
Increase in inventories	(194,838)	(157,059)
Increase in prepaid expenses and other current assets	(87,863)	(28,150)
Program production costs	(78,020)	(19,135)
Decrease in accounts payable and accrued liabilities	(142,172)	(208,903)
Changes in net deemed repatriation tax	54,622	0
Other	(5,829)	32,957
Net cash provided by operating activities	240,801	366,106
Cash flows from investing activities
Additions to property, plant and equipment	(71,755)	(66,321)
Acquisitions	(155,451)	0
Other	3,384	(1,465)
Net cash utilized by investing activities	(223,822)	(67,786)
Cash flows from financing activities
Net (repayments of) proceeds from other short-term borrowings	(133,582)	14,258
Purchases of common stock	(103,493)	(18,561)
Stock-based compensation transactions	20,108	9,902
Dividends paid	(149,528)	(134,655)
Payments related to tax withholding for share-based compensation	(54,730)	(31,400)
Net cash utilized by financing activities	(421,225)	(160,456)
Effect of exchange rate changes on cash	(17,916)	13,351
(Decrease) increase in cash and cash equivalents	(422,162)	151,215
Cash and cash equivalents at beginning of year	1,581,234	1,282,285
Cash and cash equivalents at end of period	1,159,072	1,433,500
Supplemental information
Interest	41,200	43,960
Income taxes	$ 72,545	$ 64,787

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 01, 2018
Basis of Presentation [Abstract]
Basis of Presentation	( 1 ) Basis of Presentation In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all normal and recurring adjustments necessary to present fairly the consolidated financial position of Hasbro, Inc. and all majority-owned subsidiaries ("Hasbro" or the "Company") as of July 1, 2018 and July 2, 2017 , 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 July 1, 2018 and July 2, 2017 were each 13-week periods . The six -month period ended July 1, 2018 was a 26 -week period while the six -month period ended July 2, 2017 was a 27 -week period . The results of operations for the quarter and six -month periods ended July 1, 2018 are not necessarily indicative of results to be expected for the full year, nor were those of the comparable 2017 periods representative of those actual ly experienced for the full year 2017 . Certain reclassifications have been made to prior year amounts to conform to the current period presentation . 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 31, 2017 in its Annual Report on Form 10-K (“2017 Form 10-K”), which includes all such information and disclosures and, accordingly, should be read in conjunction with the financial information included herein. Recently Adopted Accounting Standards The Company's accounting policies ar e the same as those described in Note 1 to the Company's consolidated financial statements in its 2017 Form 10-K with the exception of the accounting policies related to revenue recognition, reclassification of disproportionate tax effects from accumulated other comprehensive income (“AOCI”) caused by the Tax Cuts and Jobs Act of 2017, the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost and Business Combinations, Clarifying the Definition of a Business. On January 1, 2018, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (ASC 606 or the “New Revenue Standard”) using the modified retrospective method. ASC 606 supersedes the revenue recognition requirements in ASC 605 – Revenue Recognition and most industry-specific guidance in U.S. GAAP. The New Revenue Standard provides a five-step model for analyzing contracts and transactions to determine when, how, and if revenue is recognized. Revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to w hich an entity expects to be entitled in exchange for those goods or services. The cumulative impact of the adoption of the New Revenue Standard was not material to the Company therefore the Company did not record any adjustments to retained earnings. Thi s was determined by analyzing contracts not completed as of January 1, 2018. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. For further details, see Note 2. Reven ue recognition from the sale of finished product to customers, which is the majority of the Company’s revenues, did not change under the new standard and the Company does not expect material changes in the future as a result of the New Revenue Standard rel ated to the sale of finished product to its customers. Within the Company’s Entertainment and Licensing segment, the timing of revenue recognition for minimum guarantees that the Company receives from licensees is impacted by the New Revenue Standard. Pr ior to the adoption of ASC 606, for licenses of the Company’s brands that are subject to minimum guaranteed license fees, the Company recognized the difference between the minimum guaranteed amount and the actual royalties earned from licensee merchandise sales (“shortfalls”) at the end of the contract period, which was in the fourth quarter for most of the Company’s licensee arrangements. In periods following January 1, 2018, minimum guaranteed amounts will be recognized on a straight-line basis over the l icense period. While the impact of this change will not be material to the year, it will impact the timing of revenue recognition within the Company’s Entertainment and Licensing segment such that under ASC 606, less revenues will be recorded in the fourth quarter and more revenues will be recorded within the first, second, and third quarters. No other areas of the Company’s business were materially impacted by the New Revenue Standard. In January 2018, the FASB issued Accounting Standards Update No. 2017- 01(“ASU 2017-01”), Business Combinations (Topic 805): Clarifying the Definition of a Business. The standard clarifies the definition of a business with the objective of providing guidance when evaluating whether transactions should be accounted for as acqu isitions (or disposals) of assets or businesses. For public companies, this standard is effective for annual reporting periods beginning after December 15, 2017. The Company adopted ASU 2017-01 in the second quarter of 2018. In February 2018, the FASB iss ued Accounting Standards Update No. 2018-02 ( “ ASU 2018-02 ” ), Income Statement -Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The standard provides for a reclassification fro m accumulated other comprehensive income (“AOCI”) to retained earnings, of disproportionate income tax effects arising from the impact of the Tax Cuts and Jobs Act of 2017 . For public companies, this standard is effective for annual reporting periods begin ning after December 15, 2018. Early adoption is permitted. The Company adopted ASU 2018-02 in the first quarter of 2018. The impact of the adoption resulted in a one-time reclassification in the amount of $ 21,503 from AOCI with a corresponding credit to retained earnings. In March 2017, the FASB issued Accounting Standards Update No. 2017-07 (ASU 2017-07), Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Ben efit Cost. The standard requires companies to present the service cost component of net benefit cost in the income statement line items where they report compensation cost. Companies will present all other components of net benefit cost outside operating income, if this subtotal is presented. For public companies, this standard was effective for annual reporting periods beginning after December 15, 2017, and early adoption was permitted. The Company adopted this standard in the first quarter of 2018 and th e adoption of this standard did not have a material impact on the Company’s results or consolidated financial statements in the first half of 2018. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (ASC 230) – Classification of Certain Cash Receipts and Cash Payments . The new guidance is intended to reduce diversity in practice across all industries, in how certain transactions are classified in the statement of cash flows. ASU 2016-15 was effective for public companies for fiscal years beginning after December 15, 2017. The Company adopted this standard in 2018 and the adoption of this standard did not have an impact on the Company’s statement of cash flows for the six-month periods ended July 1, 2018 and July 2, 2017. In October 2016, the FASB issued Accounting Standards Update No. 2016-16 (ASU 2016-16), Accounting for Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory . For public companies, this standard was effective for annual reporting periods beginning after Decem ber 15, 2017, and early adoption is permitted. The standard requires that the income tax impact of intra-entity sales and transfers of property, except for inventory, be recognized when the transfer occurs requiring any deferred taxes not yet recognized on intra-entity transfers to be recorded to retained earnings. The Company adopted this standard in the first quarter of 2018 and the adoption did not have an impact on the Company’s results or consolidated financial statements.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jul. 01, 2018
Revenue Recognition [Abstract]
Revenue Recognition Policy	( 2 ) Revenue Recognition Revenue Recognition Revenue is recognized when control of the promised goods is transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for transferring those goods. The Company accounts for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance, and collectability of consideration is probab le. Toy and Games The majority of the Company’s revenues are derived from sales of finished products to customers. Revenues from sales of finished products to customers account ed for 9 1 % and 9 3 % of the Company’s revenues for the six-month periods ended July 1, 2018 and July 2, 2017, respectively. When determining whether control of the finished products has transferred to the customer, the Company considers any future performance obligations. Generally, the Company has no post-shipment obligatio n on sales of finished products to customers and revenues from product sales are recognized upon passing of title to the customer, which is generally at the time of shipment. Any shipping and handling activities that are performed by the Company, whether b efore or after a customer has obtained control of the products, are considered activities to fulfill our obligation to transfer the products, and are recorded as incurred within selling, distribution, and administration expenses. For the quarters ended Jul y 1, 2018 and July 2, 2017 these costs were approximately $ 42,400 and $ 37,500 , respectively, and for the six-month periods ended July 1, 2018 and July 2, 2017, these costs were approximately $ 83,900 and $ 74,100 , respectively. The Company offers various di scounts, rebates, allowances, returns, and markdowns to its customers, (collectively, “allowances”), all of which are considered when determining the transaction price. Certain allowances are fixed and determinable at the time of sale and are recorded at the time of sale as a reduction to revenues. Other allowances can vary depending on future outcomes such as customer sales volume (“variable consideration”). The Company estimates the amount of variable consideration using the expected value method. In estimating the amount of variable consideration using the expected value method, the Company considers various factors including but not limited to: customer terms, historical experience, any expected deviations from historical experience, and existing or expected market conditions. The Company then records an estimate of variable consideration as a reduction to revenues at the time of sale. The Company adjusts its estimate of variable consideration at least quarterly or when facts and circumstances used in the estimation process may change. Historically, adjustments to estimated variable consideration have not been material. Entertainment and Licensing Revenues within the Company’s Entertainment and Licensing segment, which accounted for 8% and 6% of the Company’s revenues for the six-month periods ended July 1, 2018 and July 2, 2017, respectively, are recorded either over a period of time or at a point in time. The Company enters into contracts to license its intellectual property, which consists of its brands, in various channels including but not limited to: consumer products such as apparel or home goods, within formats such as on-line games, within venues such as theme parks, or within formats such as motion picture films. The licensees pay the Comp any either a sales-based or usage-based royalty, or a combination of both, for use of the brands, in some cases subject to minimum guaranteed amounts or fixed fees. The license of the Company’s brands provide access to the intellectual property over the t erm of the license, generally without any other performance obligation of the Company other than keeping the intellectual property active, and is therefore considered a right-to-access license of symbolic intellectual property. The Company records sales-b ased or usage-based royalty revenues for right-to-access licenses at the occurrence of the licensees’ subsequent sale or usage. When the arrangement includes a minimum guarantee, the Company records the minimum guarantee on a ratable basis over the term of the license period and does not record the sales-based or usage-based royalty revenues until they exceed the minimum guarantee. The Company also produces television or streaming programming for licensing to third parties. The licensees typically pay a f ixed fee for the license of the produced content. The content that the Company delivers to its licensees has stand-alone functionality, generally without any other performance obligation of the Company, and is therefore considered a right-to-use license o f functional intellectual property. The Company records revenues for right-to-use licenses once the license period has commenced and the licensee has the ability to use the delivered content. In arrangements where the licensee pays the Company a fixed fe e for multiple seasons or multiple series of programming, arrangement fees are recorded as revenues based upon their relative fair values. As of July 1, 2018, the Company did not have any material future performance commitments for film streaming or telev ision orders that have not yet been delivered. The Company also develops application based digital games featuring its brands within the games. These games are hosted by third-party platform providers. The Company does not charge a fee to the end users f or the download of the games or the ability to play the games. The end users make in-application purchases of digital currencies, via the Company’s platform providers, with such purchased digital currencies to be used in the games. The Company records re venues from in-application purchases based on the spending patterns of the players. For the majority of the Company’s digital games, players spend their currencies in the month of purchase, and therefore revenues are recorded at the time of sale. The Com pany has no additional performance obligations other than delivery of the currency via its platform providers. The Company controls all aspects of the goods delivered to the consumer. The third-party platform providers are providing only the service of h osting and administering receipt from the end users. The Company is the principal in the arrangement and revenues are recorded in net revenues inclusive of the fees charged by the third-party platform providers. The fee charged by the third-party platfor m providers to the Company are recorded within cost of sales. Contract Assets and Liabilities A contract asset is defined as an entity's right to consideration for goods or services that the entity has transferred to a customer. A contract liability is defined to occur if the customer's payment of consideration precedes the entity's performance and represents the entity's obligation to transfer goods or services to a customer for which the entity has received consideration. The Company occasionally will require payment from customers for finished product in advance of the customer receiving control of the finished product. In these situations, the Company defers revenue on the advanced payment until the customer has control of the finished product, gene rally within the next month. Within our Entertainment and Licensing segment, the Company may receive royalty payments from licensees in advance of the licensees’ subsequent sales to their customers, or in advance of the Company’s performance obligation be ing satisfied. The Company defers revenues on these advanced payments until its performance obligation is satisfied. The aggregate deferred revenues are recorded as liabilities and were $ 41,380 , and $ 10,261 as of July 1, 2018 and December 31, 2017, respe ctively, and the changes in deferred revenues are not material to the Company’s consolidated statement of operations for the six-months ended July 1, 2018 and July 2, 2017 . The Company records contract assets in the case of minimum guarantees that are bein g recognized ratably over the term of the respective license periods. At July 1, 2018 and July 2, 2017, these contract assets were not material to the Company’s consolidated balance sheets. Accounts Receivable and Allowance for Doubtful Accounts The Comp any’s accounts receivable on the consolidated balance sheets as of July 1, 2018, July 2, 2017 and Dec ember 31, 2017 are primarily from contracts with customers. In the six-months ended July 1, 2018, the Company recorded a bad debt charge of $ 59,115 relate d to a significant customer. The Company had no other material bad debt expense in the six-month period ended July 2, 2017 or the quarters ended on July 1, 2018 and July 2, 2017. Disaggregation of revenues The Company disaggregates its revenues from contracts with customers by segment: US and Canada, International, Entertainment and Licensing, and Global Operations. The Company further disaggregates revenues within its International segment by major geographic region: Europe, Latin America, and Asia Pacific. Finally, the Company disaggregates its revenues by brand portfolio into four brand categories: Franchise brands, Partner brands, Hasbro gaming, and Emerging brands. We believe these collectively depict how the nature, amount, t iming and uncertainty of revenue and cash flows are affected by economic factors. See Note 11, Segment Reporting, for further information.

Asset Acquisition

Asset Acquisition	6 Months Ended
	Jul. 01, 2018
Acquisitions [Abstract]
Business Combination Disclosure [TextBlock]	(3) Asset Acquisition On June 12, 2018 , the Company completed the acquisition of Saban Properties’ Power Rangers and other Entertainment Assets. The Company accounted for the acquisition as an asset acquisition based on the guidance in ASC 805-50-30-3, which uses the cost accumulation and allocation method. As such, the Company included acquisition costs in its calculation of the purchase price to be allocated to the assets acquired. The total purchase price for the assets was $535,850, consisting of t he following: Cash Consideration: To seller (1) $ 152,000 Held in escrow (2) 25,000 Market value of stock issued to seller (3) 280,397 Deferred purchase price due in January 2019 (4) 75,000 532,397 Acquisition costs 1,973 Other adjustment 1,480 Total Purchase Price to be allocated $ 535,850 1. The Company previously paid Saban Brands $ 22,250 for the Power Rangers master toy license agreement announced in February 2018 and those amounts were credited to, and included above, in the purchase price. 2. The $25,000 was placed into an escrow account to support customary indemnification obligations of Saban Properties, and is considered restricted cash within cash and cash equivalents on the balance sheet with an offsetting liability included in other current liabilities. One-half of the $25,00 0 in escrow is scheduled to be released on January 3, 2019, and the remaining half to be released on the one-year anniversary of the closing date, less any claim amounts deducted from the escrow prior to those dates. 3. The Company issued 3,074,190 shares of Hasbro common stock to Saban Properties, valued at $280,397. 4. An additional $75,000 will be paid in January 2019 with no contingencies. The total purchase price was allocated on a relative fair value basis as follows: • $ 534,370 was recorded as a n intangible asset – P ower R angers IP rights , which will be amortized over a period of 25 years; • $ 7,884 as current assets; • $ 325 as capitalized production costs; and • $ 6,729 as other current liabilities.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 01, 2018
Earnings (Loss) Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]
Earnings (Loss) Per Share	(4 ) Earnings (Loss) Per Share Net earnings per share data for the quarter s and six -month periods ended July 1, 2018 and July 2, 2017 were computed as follows: 2018 2017 Quarter Basic Diluted Basic Diluted Net earnings $ 60,299 60,299 67,723 67,723 Average shares outstanding 125,711 125,711 125,263 125,263 Effect of dilutive securities: Options and other share-based awards - 624 - 2,104 Equivalent Shares 125,711 126,335 125,263 127,367 Net earnings per common share $ 0.48 0.48 0.54 0.53 2018 2017 Six Months Basic Diluted Basic Diluted Net earnings (loss) $ (52,193) (52,193) 136,322 136,322 Average shares outstanding 125,392 125,392 125,221 125,221 Effect of dilutive securities: Options and other share-based awards - - - 2,075 Equivalent Shares 125,392 125,392 125,221 127,296 Net earnings (loss) per common share $ (0.42) (0.42) 1.09 1.07 For the quarter s ended July 1, 2018 and July 2, 2017 , options and restricted stock units totaling 1,214 and 453, 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 1, 2018 and July 2, 2017 , options and restricted stock units totaling 3,127 and 546 , respectively, were excluded from the calculation of diluted earnings per share because to incl ude them would have been antidilutive . Of this amount 1,921 would have been included in the calculation of diluted shares had the Company not had a net loss in the six month period ended July 1, 2018. Assuming that these awards and options were included, u nder the treasury stock method, they would have resulted in an additional 823 shares being included in the diluted earnings per share calculation for the six month period ended July 1, 2018.

Other Comprehensive Earnings (L

Other Comprehensive Earnings (Loss)	6 Months Ended
	Jul. 01, 2018
Other Comprehensive Earnings (Loss) [Abstract]
Other Comprehensive Earnings (Loss)	(5 ) Other Comprehensive Earnings (Loss) Components of other comprehensive earnings (loss) are presented within the consolidated statements of comprehensive earnings (loss) . The following table presents the related tax effects on changes in other comprehensive earnings (loss) for the quarter and six -month periods ended July 1, 2018 and July 2, 2017 . Quarter Ended Six Months Ended July 1, July 2, July 1, July 2, 2018 2017 2018 2017 Other comprehensive earnings (loss), tax effect: Tax (expense) benefit on unrealized holding gains (losses) $ (25) (148) 16 (130) Tax (expense) benefit on cash flow hedging activities (5,669) (1,074) 311 4,236 Tax benefit on changes in unrecognized pension amounts - - 7,565 - Reclassifications to earnings, tax effect: Tax benefit on cash flow hedging activities (114) (640) (908) (1,009) Tax benefit on unrecognized pension and postretirement amounts reclassified to the consolidated statements of operations (729) (822) (1,257) (1,644) Total tax effect on other comprehensive earnings (loss) $ (6,537) (2,684) 5,727 1,453 Changes in the components of accumulated other comprehensive earnings ( loss ) for the six months ended July 1, 2018 and July 2, 2017 are 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 2018 Balance at December 31, 2017 $ (110,971) (32,827) 1,034 (96,661) (239,425) Adoption of ASU 2018-02 (18,065) (3,660) 222 - (21,503) Current period other comprehensive earnings (loss) (21,726) 25,432 (56) (37,798) (34,148) Balance at July 1, 2018 $ (150,762) (11,055) 1,200 (134,459) (295,076) 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) At July 1, 2018 , the Company had remaining net deferred gains on foreign currency forward c ontracts, net of tax, of $ 8,953 in accumulated other comprehensive loss ("AOCE"). These instruments hedge payments related to i nventory purchased in the second quarter of 2018 or forecasted to be purcha sed during the remainder of 2018 and, to a lesser extent, 2019 through 2022 , intercompany expenses expected to be paid or received during 2018 and 2019 , television and movie production costs paid in 2018 or expecte d to be paid in 2018 or 2019 and cash receipts for sal es made at the end of the second quarter 2018 or forecasted to be made in the remainder of 2018 and, to a lesser extent, 2019 through 2020 . These amounts will be reclassified into the consolidated state ments 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 int erest rate method. At July 1, 2018 , deferr ed losses, net of tax, of $20,0 08 related to these instruments remained in AOCE. For the quarter s ended July 1, 2018 and July 2, 2017 , previously deferred losses of $449 and $450 were reclassified from AOCE to net earnings, respectively . For the six -month periods ended July 1, 2018 and July 2, 2017 , previously deferred losses of $ 899 and $934 were reclassified from AOCE to net earnings, respectively. Of the amount included in AOCE at July 1, 2018 , the Company expects net gains of approximately $6,028 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. 01, 2018
Financial Instruments (Thousands of Dollars) [Abstract]
Financial Instruments	(6 ) 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 1, 2018 , July 2, 2017 and December 31, 2017 , the carrying cost of these instruments approximated their fair value. The Company's financial instruments at July 1, 2018 , July 2, 2017 and December 31, 2017 also include certain assets and liabilities mea sured at fair value (see Notes 8 an d 10 ) 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 1, 2018 , July 2, 2017 and December 31, 2017 are as follows: July 1, 2018 July 2, 2017 December 31, 2017 Carrying Fair Carrying Fair Carrying Fair Cost Value Cost Value Cost Value 6.35% Notes Due 2040 $ 500,000 557,250 500,000 614,800 500,000 601,800 3.50% Notes Due 2027 500,000 464,600 - - 500,000 488,300 6.30% Notes Due 2017 - - 350,000 353,115 - - 5.10% Notes Due 2044 300,000 287,730 300,000 325,500 300,000 313,320 3.15% Notes Due 2021 300,000 297,960 300,000 307,230 300,000 302,640 6.60% Debentures Due 2028 109,895 127,094 109,895 127,940 109,895 131,390 Total long-term debt $ 1,709,895 1,734,634 1,559,895 1,728,585 1,709,895 1,837,450 Less: Current portion - - 350,000 353,115 - - Less: Deferred debt expenses 15,545 - 10,781 - 16,286 - Long-term debt $ 1,694,350 1,734,634 1,199,114 1,375,470 1,693,609 1,837,450 Current portion of long-term debt at July 2, 2017 of $ 3 49,916 , as shown on the consolidated balance sheet represents the $350,000 principal of 6.30% notes less $ 84 of deferred debt expenses. The fair values of the Company's long-term debt are considered Level 3 fair values (see Note 8 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 tha t 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 Co mpany believes that this is the best information available for use in the fair value measurement.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 01, 2018
Income Taxes (Thousands of Dollars) [Abstract]
Income Taxes	(7 ) 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 authoritie s in various tax jurisdictions. On December 22, 2017 , the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act made broad and complex changes to th e U.S. tax code which impacted 2017 including, but not limited to, reducing the U.S. federal corporate tax rate and requiring a one-time tax on certain unrepatriated ear nings of foreign subsidiaries. On December 22, 2017, Staff Accounting Bulletin No. 118 (“SAB 118”) established a one-year measurement period to complete the accounting for the ASC 740 income tax effects of the Tax Act. An entity recognizes the impact of those amounts for which the accounting is complete. For matters that have not been com pleted, provisional amounts are recorded to the extent they can be reasonably estimated. For amounts for which a reasonable estimate cannot be determined, no adjustment is made until su ch estimate can be completed. As a result, the Company recorded a one -time tax expense of $ 47,800 in the first quarter of 2018 which reversed certain discrete benefits recorded in 2017 as well as increased our provisional deemed repatriation tax liability. No adjustments were ma de to the provisional amounts during the secon d quarter of 2018. 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 m ajor jurisdictions for years before 2012. 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	6 Months Ended
	Jul. 01, 2018
Fair Value of Financial Instruments (Thousands of Dollars) [Abstract]
Fair Value of Financial Instruments	(8 ) 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 1, 2018 , July 2, 2017 and December 31, 2017 , these investments totaled $24, 219 , $23,967 and $24,436, respectively, and are included in prepaid expenses and other current assets in the consolidated balance sheets. The Company recorded net (losses) gains of $ ( 342) and $ 106 on these investments in other ( income ) expense , net for the quarter and six months ended July 1, 2018 , respectively, related to the change in fair value of such instruments. For the quarter and six -month periods ended July 2, 2017 , the Company recorded net gains of $ 384 and $ 1,015 , respectively, in other ( income ) expense , net, related to the change in fair value of such instruments. At July 1, 2018 , July 2, 2017 and December 31, 2017 , the Company had the following assets and liabilities measured at fair value in its consolidated balance sheets (excluding assets for which the fair value is meas ured 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 1, 2018 Assets: Available-for-sale securities $ 3,054 3,054 - - Derivatives 22,551 - 22,551 - Total assets $ 25,605 3,054 22,551 - Liabilities: Derivatives $ 5,191 - 5,191 - Option agreement 23,546 - - 23,546 Total liabilities $ 28,737 - 5,191 23,546 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 December 31, 2017 Assets: Available-for-sale securities $ 3,126 3,126 - - Derivatives 12,226 - 12,226 - Total assets $ 15,352 3,126 12,226 - Liabilities: Derivatives $ 23,051 - 23,051 - Option agreement 23,980 - - 23,980 Total Liabilities $ 47,031 - 23,051 23,980 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 Company’s option agreement relates to an equity method in vestment in Discovery Family Channel (“Discovery”). The option agreement is included in other liabilities at July 1, 2018 , July 2, 2017 and December 31, 2017 , and is valued using an option pricing model based on the fair value of the related investmen t. 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 pricin g 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 1, 2018 . 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): 2018 2017 Balance at beginning of year $ (23,980) (28,770) Gain from change in fair value 434 270 Balance at end of second quarter $ (23,546) (28,500) 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 1, 2018 , July 2, 2017 and December 31, 2017 , these investments had fair values of $ 24,219 , $23,967 and $ 24,436, 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 generall y redeemable on a quarterly basis with 30 – 90 days’ notice.

Pension and Postretirement Bene

Pension and Postretirement Benefits	6 Months Ended
	Jul. 01, 2018
Pension and Postretirement Benefits (Thousands of Dollars) [Abstract]
Pension and Postretirement Benefits	(9 ) 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 1, 2018 and July 2, 2017 are as follows: Quarter Ended Pension Postretirement July 1, July 2, July 1, July 2, 2018 2017 2018 2017 Service cost $ 667 921 189 173 Interest cost 3,980 4,430 293 295 Expected return on assets (5,174) (5,880) - - Net amortization and deferrals 2,965 2,519 43 - Net periodic benefit cost $ 2,438 1,990 525 468 Six Months Ended Pension Postretirement July 1, July 2, July 1, July 2, 2018 2017 2018 2017 Service cost $ 1,352 1,873 377 345 Interest cost 7,996 9,155 585 590 Expected return on assets (10,379) (12,161) - - Net amortization and deferrals 5,942 5,213 85 - Net periodic benefit cost $ 4,911 4,080 1,047 935 During the six months ended July 1, 2018 , the Company made cash contributions of $ 540 to its defined benefit pe nsion plans . During fiscal 2018, t he Company expects to make cash contribut ions to its defined benefit pension plans of approximately $ 1,300 in the aggregate. In February 2018 , the Compensation Committee of the Company’s Board of Directors approved a resolution to terminate the Company’s U.S. defined benefit pension plan (“Plan”). During the first quarter of 2018 the Company commenced t he plan termination process and expects to complete the transfer of the Plan’s assets to a third-party administrator over a period of eighteen months. The decision to terminate the Plan follows the 2015 decision to freeze benefits being accrued covering n on-union employees after the sale of the Company’s manufacturing facility in East Longmeadow, MA. Benefits covering non-union employees were frozen in December 2007 . In connection with the decision to terminate the Plan, the Company remeasured the project ed benefit obligation based on the expected Plan termination costs. This remeasurement utilized a discount rate of 3.2 % compared to the discount rate of 3.7 % utilized in the December 31, 2017 measurement and resulted in an increase in the projected benefit obligation of $ 35,192 with offsetting amounts recorded to accumulated other comprehensive losses and deferred taxes. Upon settlement of the pension liability, the Company will reclassify the related pension losses currently recorded to accumulated other c omprehensive loss , to the consolidated statements of operations .

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jul. 01, 2018
Derivative Financial Instruments (Thousands of Dollars) [Abstract]
Derivative Financial Instruments	(10 ) 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 2018 through 2022 . At July 1, 2018 , July 2, 2017 and December 31, 2017 , the notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows: July 1, 2018 July 2, 2017 December 31, 2017 Notional Fair Notional Fair Notional Fair Hedged transaction Amount Value Amount Value Amount Value Inventory purchases $ 647,255 10,248 942,896 259 756,673 (13,695) Sales 342,123 11,291 618,755 15,229 423,315 16,144 Royalties and Other 151,689 (4,575) 308,407 (9,545) 196,889 (10,383) Total $ 1,141,067 16,964 1,870,058 5,943 1,376,877 (7,934) 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 1, 2018 , July 2, 2017 and December 31, 2017 as follows: July 1, July 2, December 31, 2018 2017 2017 Prepaid expenses and other current assets Unrealized gains $ 17,388 12,220 13,666 Unrealized losses (5,307) (4,059) (10,319) Net unrealized gains $ 12,081 8,161 3,347 Other assets Unrealized gains $ 12,774 22,468 11,255 Unrealized losses (2,700) (5,257) (2,376) Net unrealized gains $ 10,074 17,211 8,879 Accrued liabilities Unrealized gains $ 911 6,403 4,215 Unrealized losses (3,118) (23,421) (15,484) Net unrealized losses $ (2,207) (17,018) (11,269) Other liabilities Unrealized gains $ 807 2,079 4,546 Unrealized losses (3,791) (4,490) (13,437) Net unrealized losses $ (2,984) (2,411) (8,891) 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 1, 2018 and July 2, 2017 as follows: Quarter Ended Six Months Ended July 1, July 2, July 1, July 2, 2018 2017 2018 2017 Statements of Operations Classification Cost of sales $ (950) 2,711 (4,841) 12,585 Net revenues 430 475 762 1,016 Other 1,339 (436) (84) (405) Net realized (losses) gains $ 819 2,750 (4,163) 13,196 In addition, losses of $ 2,118 and $ 2,836 were reclassified to earnings as a result of hedge ineffectiveness for the quarter and six -month periods ended July 1, 2018 , respectively. Net 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. 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 1, 2018 , July 2, 2017 and December 31, 2017 the total notional amounts of the Company's undesignated der i vative instruments were $140 ,151 , $163,969 and $418,471 , respectively. At July 1, 2018 , July 2, 2017 and December 31, 2017 , the fair values of the Company's undesignated derivative financial instruments were recorded in the consolidated balance sheets as follows: July 1, July 2, December 31, 2018 2017 2017 Prepaid expenses and other current assets Unrealized gains $ 1,120 - - Unrealized losses (724) - - Net unrealized gains $ 396 - - Accrued liabilities Unrealized gains $ - 55 1,793 Unrealized losses - (2,870) (4,684) Net unrealized losses - (2,815) (2,891) Total unrealized gains (losses), net $ 396 (2,815) (2,891) The Comp any recorded net gains of $10,451 and $ 3,751 on these instruments to other ( income ) expense , net for the quarter and six -month periods ended July 1, 2018 , respectively, and 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, 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 6 and 8 .

Segment Reporting

Segment Reporting	6 Months Ended
	Jul. 01, 2018
Segment Reporting (Thousands of Dollars) [Abstract]
Segment Reporting	(11 ) 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 products, as w ell as traditional board games , 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 Europe an, Asia Pacific, and Latin and South American regions. The Company's Entertainment and Licensing segment includes the Company's consumer products licensing, digital licensing and gaming, and movie and television entertainment operations. 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 elim ination 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 e xpenses 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 ac counting 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 2018 , nor were those of the com parable 2017 period representative of those actually experienced for the full year 2017 . Similarly, such results are not necessarily those which would be achieved were each segment an unaffiliated business enterprise. Information by segment and a re conciliation to reported amounts for the quarter and six -month periods ended July 1, 2018 and July 2, 2017 are as follows. Quarter Ended July 1, 2018 July 2, 2017 Net revenues External Affiliate External Affiliate U.S. and Canada $ 459,332 2,596 494,427 2,455 International 380,444 226 426,564 15 Entertainment and Licensing 64,651 3,090 51,494 3,511 Global Operations (a) 31 342,482 21 403,541 Corporate and Eliminations (b) - (348,394) - (409,522) $ 904,458 - 972,506 - Six Months Ended July 1, 2018 July 2, 2017 Net revenues External Affiliate External Affiliate U.S. and Canada $ 823,629 4,729 946,004 4,846 International 668,389 288 771,845 15 Entertainment and Licensing 128,672 6,666 104,223 7,013 Global Operations (a) 109 595,802 97 663,770 Corporate and Eliminations (b) - (607,485) - (675,644) $ 1,620,799 - 1,822,169 - Quarter Ended Six Months Ended July 1, July 2, July 1, July 2, Operating profit (loss) 2018 2017 2018 2017 U.S. and Canada $ 76,231 81,557 52,848 146,311 International 173 16,884 (55,915) 17,428 Entertainment and Licensing 18,627 11,324 32,533 22,670 Global Operations (a) (9,978) (7,607) (7,802) (6,774) Corporate and Eliminations (b) 2,535 (2,174) (14,495) (1,308) $ 87,588 99,984 7,169 178,327 July 1, July 2, December 31, Total assets 2018 2017 2017 U.S. and Canada $ 2,912,825 2,799,960 2,749,384 International 2,048,122 2,132,992 2,499,985 Entertainment and Licensing 794,799 827,185 626,193 Global Operations 3,689,721 2,502,546 2,819,768 Corporate and Eliminations (b) (4,331,611) (3,349,940) (3,405,347) $ 5,113,856 4,912,743 5,289,983 (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 U . S . Dollar to local currenc y at budgeted rates when recorded. Corporate and Eliminations also includes the elimination of inter-comp any balance sheet amounts. The following table represents consolidated International segment net revenues by major geographic region for the quarter s and six -month periods ended July 1, 2018 and July 2, 2017 . Quarter Ended Six Months Ended July 1, July 2, July 1, July 2, 2018 2017 2018 2017 Europe $ 199,575 237,607 355,137 453,727 Latin America 96,401 99,869 162,362 164,625 Asia Pacific 84,468 89,088 150,890 153,493 Net revenues $ 380,444 426,564 668,389 771,845 The following table presents consolidated net revenues by brand portfolio for the quarter s and six -month periods ended July 1, 2018 and July 2, 2017 . Quarter Ended Six Months Ended July 1, July 2, July 1, July 2, 2018 2017 2018 2017 Franchise brands $ 506,535 552,435 868,241 1,001,594 Partner brands 208,005 230,015 408,597 442,977 Hasbro gaming 134,275 133,872 239,502 269,639 Emerging brands 55,643 56,184 104,459 107,959 Net revenues $ 904,458 972,506 1,620,799 1,822,169 For the quarter and six months ended July 2, 2017, revenues of $ 6,717 and $ 25,132 , respectively, were reclassified from Emerging Brands to Franchise Brands to conform to the presentation for the quarter and six months ended July 1, 2018. Hasbro's total gaming category, including all gaming net revenue s , most notably MAGIC: THE GATHERING and MONOPOLY, totaled $ 312,773 and $ 516,315 for the quarter and six-months ended July 1, 201 8, respectively. For the quarter and six-months ended July 2, 2 017, total gaming net revenues were $ 273,261 and $ 526,550 , respectively.

Commercial Reorganization

Commercial Reorganization	6 Months Ended
	Jul. 01, 2018
Restructuring Charges [Abstract]
Restructuring and related activities disclosure [TextBlock]	(12) Commercial Reorganization In the first quarter of 2018, the Company recorded a pre-tax severance expense of $ 17, 3 49 associated with accelerating its commercial organization transformation. The charge was included within selling, distribution and administration costs on the Consolidated Statements of Operations for the six months ended July 1, 2018 and reported within C orporate and Eliminations in footnote (1 1 ) Segment Reporting. Over the past several years, the Company has invested in developing an omni-channel retail presence, and in 2018 is bringing onboard new skill sets and talent to lead in today’s converged retail environment. The expense represents the total cost of this commercial reorganization for which the Company has a liability of $ 13,590 remaining on its Consolidate d Balance Sheet as of July 1, 2018.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jul. 01, 2018
Basis of Presentation [Abstract]
Basis of Presentation	In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all normal and recurring adjustments necessary to present fairly the consolidated financial position of Hasbro, Inc. and all majority-owned subsidiaries ("Hasbro" or the "Company") as of July 1, 2018 and July 2, 2017 , 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 July 1, 2018 and July 2, 2017 were each 13-week periods . The six -month period ended July 1, 2018 was a 26 -week period while the six -month period ended July 2, 2017 was a 27 -week period . The results of operations for the quarter and six -month periods ended July 1, 2018 are not necessarily indicative of results to be expected for the full year, nor were those of the comparable 2017 periods representative of those actual ly experienced for the full year 2017 . Certain reclassifications have been made to prior year amounts to conform to the current period presentation . 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 31, 2017 in its Annual Report on Form 10-K (“2017 Form 10-K”), which includes all such information and disclosures and, accordingly, should be read in conjunction with the financial information included herein. Recently Adopted Accounting Standards The Company's accounting policies ar e the same as those described in Note 1 to the Company's consolidated financial statements in its 2017 Form 10-K with the exception of the accounting policies related to revenue recognition, reclassification of disproportionate tax effects from accumulated other comprehensive income (“AOCI”) caused by the Tax Cuts and Jobs Act of 2017, the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost and Business Combinations, Clarifying the Definition of a Business. On January 1, 2018, the Company adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (ASC 606 or the “New Revenue Standard”) using the modified retrospective method. ASC 606 supersedes the revenue recognition requirements in ASC 605 – Revenue Recognition and most industry-specific guidance in U.S. GAAP. The New Revenue Standard provides a five-step model for analyzing contracts and transactions to determine when, how, and if revenue is recognized. Revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to w hich an entity expects to be entitled in exchange for those goods or services. The cumulative impact of the adoption of the New Revenue Standard was not material to the Company therefore the Company did not record any adjustments to retained earnings. Thi s was determined by analyzing contracts not completed as of January 1, 2018. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. For further details, see Note 2. Reven ue recognition from the sale of finished product to customers, which is the majority of the Company’s revenues, did not change under the new standard and the Company does not expect material changes in the future as a result of the New Revenue Standard rel ated to the sale of finished product to its customers. Within the Company’s Entertainment and Licensing segment, the timing of revenue recognition for minimum guarantees that the Company receives from licensees is impacted by the New Revenue Standard. Pr ior to the adoption of ASC 606, for licenses of the Company’s brands that are subject to minimum guaranteed license fees, the Company recognized the difference between the minimum guaranteed amount and the actual royalties earned from licensee merchandise sales (“shortfalls”) at the end of the contract period, which was in the fourth quarter for most of the Company’s licensee arrangements. In periods following January 1, 2018, minimum guaranteed amounts will be recognized on a straight-line basis over the l icense period. While the impact of this change will not be material to the year, it will impact the timing of revenue recognition within the Company’s Entertainment and Licensing segment such that under ASC 606, less revenues will be recorded in the fourth quarter and more revenues will be recorded within the first, second, and third quarters. No other areas of the Company’s business were materially impacted by the New Revenue Standard. In January 2018, the FASB issued Accounting Standards Update No. 2017- 01(“ASU 2017-01”), Business Combinations (Topic 805): Clarifying the Definition of a Business. The standard clarifies the definition of a business with the objective of providing guidance when evaluating whether transactions should be accounted for as acqu isitions (or disposals) of assets or businesses. For public companies, this standard is effective for annual reporting periods beginning after December 15, 2017. The Company adopted ASU 2017-01 in the second quarter of 2018. In February 2018, the FASB iss ued Accounting Standards Update No. 2018-02 ( “ ASU 2018-02 ” ), Income Statement -Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The standard provides for a reclassification fro m accumulated other comprehensive income (“AOCI”) to retained earnings, of disproportionate income tax effects arising from the impact of the Tax Cuts and Jobs Act of 2017 . For public companies, this standard is effective for annual reporting periods begin ning after December 15, 2018. Early adoption is permitted. The Company adopted ASU 2018-02 in the first quarter of 2018. The impact of the adoption resulted in a one-time reclassification in the amount of $ 21,503 from AOCI with a corresponding credit to retained earnings. In March 2017, the FASB issued Accounting Standards Update No. 2017-07 (ASU 2017-07), Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Ben efit Cost. The standard requires companies to present the service cost component of net benefit cost in the income statement line items where they report compensation cost. Companies will present all other components of net benefit cost outside operating income, if this subtotal is presented. For public companies, this standard was effective for annual reporting periods beginning after December 15, 2017, and early adoption was permitted. The Company adopted this standard in the first quarter of 2018 and th e adoption of this standard did not have a material impact on the Company’s results or consolidated financial statements in the first half of 2018. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (ASC 230) – Classification of Certain Cash Receipts and Cash Payments . The new guidance is intended to reduce diversity in practice across all industries, in how certain transactions are classified in the statement of cash flows. ASU 2016-15 was effective for public companies for fiscal years beginning after December 15, 2017. The Company adopted this standard in 2018 and the adoption of this standard did not have an impact on the Company’s statement of cash flows for the six-month periods ended July 1, 2018 and July 2, 2017. In October 2016, the FASB issued Accounting Standards Update No. 2016-16 (ASU 2016-16), Accounting for Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory . For public companies, this standard was effective for annual reporting periods beginning after Decem ber 15, 2017, and early adoption is permitted. The standard requires that the income tax impact of intra-entity sales and transfers of property, except for inventory, be recognized when the transfer occurs requiring any deferred taxes not yet recognized on intra-entity transfers to be recorded to retained earnings. The Company adopted this standard in the first quarter of 2018 and the adoption did not have an impact on the Company’s results or consolidated financial statements.

Asset Acquisition (Tables)

Asset Acquisition (Tables)	6 Months Ended
	Jul. 01, 2018
Acquisitions [Abstract]
Schedule of business acquisition [Table Text Block]	Cash Consideration: To seller (1) $ 152,000 Held in escrow (2) 25,000 Market value of stock issued to seller (3) 280,397 Deferred purchase price due in January 2019 (4) 75,000 532,397 Acquisition costs 1,973 Other adjustment 1,480 Total Purchase Price to be allocated $ 535,850 (1) The Company previously paid Saban Brands $22,250 for the Power Rangers master toy license agreement announced in February 2018 and those amounts were credited to, and included above, in the purchase price. (2) The $25,000 was placed into an escrow account to support customary indemnification obligations of Saban Properties, and is considered restricted cash within cash and cash equivalents on the balance sheet with an offsetting liability included in other current liabilities. One-half of the $25,000 in escrow is scheduled to be released on January 3, 2019, and the remaining half to be released on the one-year anniversary of the closing date, less any claim amounts deducted from the escrow prior to those dates. (3) The Company issued 3,074,190 shares of Hasbro common stock to Saban Properties, valued at $280,397. (4) An additional $75,000 will be paid in January 2019 with no contingencies.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jul. 01, 2018
Earnings (Loss) Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]
Earnings (Loss) Per Share	2018 2017 Quarter Basic Diluted Basic Diluted Net earnings $ 60,299 60,299 67,723 67,723 Average shares outstanding 125,711 125,711 125,263 125,263 Effect of dilutive securities: Options and other share-based awards - 624 - 2,104 Equivalent Shares 125,711 126,335 125,263 127,367 Net earnings per common share $ 0.48 0.48 0.54 0.53 2018 2017 Six Months Basic Diluted Basic Diluted Net earnings (loss) $ (52,193) (52,193) 136,322 136,322 Average shares outstanding 125,392 125,392 125,221 125,221 Effect of dilutive securities: Options and other share-based awards - - - 2,075 Equivalent Shares 125,392 125,392 125,221 127,296 Net earnings (loss) per common share $ (0.42) (0.42) 1.09 1.07

Other Comprehensive Earnings 22

Other Comprehensive Earnings (Loss) (Tables)	6 Months Ended
	Jul. 01, 2018
Other Comprehensive Earnings (Loss) [Abstract]
Schedule of Other Comprehensive Income (Loss), Tax Effect [Text Block]	Quarter Ended Six Months Ended July 1, July 2, July 1, July 2, 2018 2017 2018 2017 Other comprehensive earnings (loss), tax effect: Tax (expense) benefit on unrealized holding gains (losses) $ (25) (148) 16 (130) Tax (expense) benefit on cash flow hedging activities (5,669) (1,074) 311 4,236 Tax benefit on changes in unrecognized pension amounts - - 7,565 - Reclassifications to earnings, tax effect: Tax benefit on cash flow hedging activities (114) (640) (908) (1,009) Tax benefit on unrecognized pension and postretirement amounts reclassified to the consolidated statements of operations (729) (822) (1,257) (1,644) Total tax effect on other comprehensive earnings (loss) $ (6,537) (2,684) 5,727 1,453
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 2018 Balance at December 31, 2017 $ (110,971) (32,827) 1,034 (96,661) (239,425) Adoption of ASU 2018-02 (18,065) (3,660) 222 - (21,503) Current period other comprehensive earnings (loss) (21,726) 25,432 (56) (37,798) (34,148) Balance at July 1, 2018 $ (150,762) (11,055) 1,200 (134,459) (295,076) 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)

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jul. 01, 2018
Financial Instruments (Thousands of Dollars) [Abstract]
Schedule of Long-term Debt Instruments	July 1, 2018 July 2, 2017 December 31, 2017 Carrying Fair Carrying Fair Carrying Fair Cost Value Cost Value Cost Value 6.35% Notes Due 2040 $ 500,000 557,250 500,000 614,800 500,000 601,800 3.50% Notes Due 2027 500,000 464,600 - - 500,000 488,300 6.30% Notes Due 2017 - - 350,000 353,115 - - 5.10% Notes Due 2044 300,000 287,730 300,000 325,500 300,000 313,320 3.15% Notes Due 2021 300,000 297,960 300,000 307,230 300,000 302,640 6.60% Debentures Due 2028 109,895 127,094 109,895 127,940 109,895 131,390 Total long-term debt $ 1,709,895 1,734,634 1,559,895 1,728,585 1,709,895 1,837,450 Less: Current portion - - 350,000 353,115 - - Less: Deferred debt expenses 15,545 - 10,781 - 16,286 - Long-term debt $ 1,694,350 1,734,634 1,199,114 1,375,470 1,693,609 1,837,450

Fair Value of Financial Instr24

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jul. 01, 2018
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 1, 2018 Assets: Available-for-sale securities $ 3,054 3,054 - - Derivatives 22,551 - 22,551 - Total assets $ 25,605 3,054 22,551 - Liabilities: Derivatives $ 5,191 - 5,191 - Option agreement 23,546 - - 23,546 Total liabilities $ 28,737 - 5,191 23,546 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 December 31, 2017 Assets: Available-for-sale securities $ 3,126 3,126 - - Derivatives 12,226 - 12,226 - Total assets $ 15,352 3,126 12,226 - Liabilities: Derivatives $ 23,051 - 23,051 - Option agreement 23,980 - - 23,980 Total Liabilities $ 47,031 - 23,051 23,980
Reconciliation of Level 3 Fair Value	2018 2017 Balance at beginning of year $ (23,980) (28,770) Gain from change in fair value 434 270 Balance at end of second quarter $ (23,546) (28,500)

Pension and Postretirement Be25

Pension and Postretirement Benefits (Tables)	6 Months Ended
	Jul. 01, 2018
Pension and Postretirement Benefits (Thousands of Dollars) [Abstract]
Components of net periodic cost	Quarter Ended Pension Postretirement July 1, July 2, July 1, July 2, 2018 2017 2018 2017 Service cost $ 667 921 189 173 Interest cost 3,980 4,430 293 295 Expected return on assets (5,174) (5,880) - - Net amortization and deferrals 2,965 2,519 43 - Net periodic benefit cost $ 2,438 1,990 525 468 Six Months Ended Pension Postretirement July 1, July 2, July 1, July 2, 2018 2017 2018 2017 Service cost $ 1,352 1,873 377 345 Interest cost 7,996 9,155 585 590 Expected return on assets (10,379) (12,161) - - Net amortization and deferrals 5,942 5,213 85 - Net periodic benefit cost $ 4,911 4,080 1,047 935

Derivative Financial Instrume26

Derivative Financial Instruments (Tables)	6 Months Ended
	Jul. 01, 2018
Derivative Financial Instruments (Thousands of Dollars) [Abstract]
Summary of Cash Flow Hedging Instruments	July 1, 2018 July 2, 2017 December 31, 2017 Notional Fair Notional Fair Notional Fair Hedged transaction Amount Value Amount Value Amount Value Inventory purchases $ 647,255 10,248 942,896 259 756,673 (13,695) Sales 342,123 11,291 618,755 15,229 423,315 16,144 Royalties and Other 151,689 (4,575) 308,407 (9,545) 196,889 (10,383) Total $ 1,141,067 16,964 1,870,058 5,943 1,376,877 (7,934)
Derivatives Fair Value by Balance Sheet Location	July 1, July 2, December 31, 2018 2017 2017 Prepaid expenses and other current assets Unrealized gains $ 17,388 12,220 13,666 Unrealized losses (5,307) (4,059) (10,319) Net unrealized gains $ 12,081 8,161 3,347 Other assets Unrealized gains $ 12,774 22,468 11,255 Unrealized losses (2,700) (5,257) (2,376) Net unrealized gains $ 10,074 17,211 8,879 Accrued liabilities Unrealized gains $ 911 6,403 4,215 Unrealized losses (3,118) (23,421) (15,484) Net unrealized losses $ (2,207) (17,018) (11,269) Other liabilities Unrealized gains $ 807 2,079 4,546 Unrealized losses (3,791) (4,490) (13,437) Net unrealized losses $ (2,984) (2,411) (8,891)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations	Quarter Ended Six Months Ended July 1, July 2, July 1, July 2, 2018 2017 2018 2017 Statements of Operations Classification Cost of sales $ (950) 2,711 (4,841) 12,585 Net revenues 430 475 762 1,016 Other 1,339 (436) (84) (405) Net realized (losses) gains $ 819 2,750 (4,163) 13,196
Fair values of undesignated derivative financial instruments	July 1, July 2, December 31, 2018 2017 2017 Prepaid expenses and other current assets Unrealized gains $ 1,120 - - Unrealized losses (724) - - Net unrealized gains $ 396 - - Accrued liabilities Unrealized gains $ - 55 1,793 Unrealized losses - (2,870) (4,684) Net unrealized losses - (2,815) (2,891) Total unrealized gains (losses), net $ 396 (2,815) (2,891)

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jul. 01, 2018
Segment Reporting (Thousands of Dollars) [Abstract]
Net revenues by segment	Quarter Ended July 1, 2018 July 2, 2017 Net revenues External Affiliate External Affiliate U.S. and Canada $ 459,332 2,596 494,427 2,455 International 380,444 226 426,564 15 Entertainment and Licensing 64,651 3,090 51,494 3,511 Global Operations (a) 31 342,482 21 403,541 Corporate and Eliminations (b) - (348,394) - (409,522) $ 904,458 - 972,506 - Six Months Ended July 1, 2018 July 2, 2017 Net revenues External Affiliate External Affiliate U.S. and Canada $ 823,629 4,729 946,004 4,846 International 668,389 288 771,845 15 Entertainment and Licensing 128,672 6,666 104,223 7,013 Global Operations (a) 109 595,802 97 663,770 Corporate and Eliminations (b) - (607,485) - (675,644) $ 1,620,799 - 1,822,169 -
Operating profit (loss) by segments	Quarter Ended Six Months Ended July 1, July 2, July 1, July 2, Operating profit (loss) 2018 2017 2018 2017 U.S. and Canada $ 76,231 81,557 52,848 146,311 International 173 16,884 (55,915) 17,428 Entertainment and Licensing 18,627 11,324 32,533 22,670 Global Operations (a) (9,978) (7,607) (7,802) (6,774) Corporate and Eliminations (b) 2,535 (2,174) (14,495) (1,308) $ 87,588 99,984 7,169 178,327
Total assets by segments	July 1, July 2, December 31, Total assets 2018 2017 2017 U.S. and Canada $ 2,912,825 2,799,960 2,749,384 International 2,048,122 2,132,992 2,499,985 Entertainment and Licensing 794,799 827,185 626,193 Global Operations 3,689,721 2,502,546 2,819,768 Corporate and Eliminations (b) (4,331,611) (3,349,940) (3,405,347) $ 5,113,856 4,912,743 5,289,983
Schedule of net revenues by international region	Quarter Ended Six Months Ended July 1, July 2, July 1, July 2, 2018 2017 2018 2017 Europe $ 199,575 237,607 355,137 453,727 Latin America 96,401 99,869 162,362 164,625 Asia Pacific 84,468 89,088 150,890 153,493 Net revenues $ 380,444 426,564 668,389 771,845
Net revenues by product category	Quarter Ended Six Months Ended July 1, July 2, July 1, July 2, 2018 2017 2018 2017 Franchise brands $ 506,535 552,435 868,241 1,001,594 Partner brands 208,005 230,015 408,597 442,977 Hasbro gaming 134,275 133,872 239,502 269,639 Emerging brands 55,643 56,184 104,459 107,959 Net revenues $ 904,458 972,506 1,620,799 1,822,169 (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 U . S . Dollar to local currenc y at budgeted rates when recorded. Corporate and Eliminations also includes the elimination of inter-comp any balance sheet amounts.

Basis of Presentation (Details)

Basis of Presentation (Details) $ in Thousands	Jul. 01, 2018USD ($)
Accounting Standards Update 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets	$ (21,503)

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Bad Debt Expense Related To Toys R Us			$ 59,115
Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of Revenues from Sales of Finished Products			91.00%	93.00%
Activities necessary to fulfill obligation to transfer products to customers included in selling, distribution and administration expense	$ 42,400	$ 37,500	$ 83,900	$ 74,100
Deferred revenues recorded as liabilities	$ 41,380		$ 41,380		$ 10,261
Accounting Standards Update 2014-09 [Member] | Entertainment and Licensing [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of Revenues from Segment			8.00%	6.00%

Asset Acquisition (Details)

Asset Acquisition (Details) - USD ($) shares in Thousands, $ in Thousands	6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017
Business Acquisition [Line Items]
Date of acquisition	Jun. 12, 2018
Program Production Costs	$ 78,020	$ 19,135
Power Rangers and other entertainment assets [Member]
Business Acquisition [Line Items]
Cash paid at closing	152,000
Transaction costs	1,973
Cash in escrow supporting indemnification obligations	25,000
Other payments to acquire business	22,250
Purchase price remainder to be paid in subsequent period	75,000
Total acquisition price per agreement	535,850
Identifiable intangible assets recorded	534,370
Other Assets Current	7,884
Program Production Costs	325
OtherLiabilitiesCurrent	6,729
Business combination, recognized identifiable assets acquired and liabilities assumed, working capital adjustment	1,480
Business combination, consideration transferred before transaction costs and working capital adjustments	$ 532,397
Acquired intangible asset, amortization period	25 years
Power Rangers and other entertainment assets [Member] | Common stock [Member]
Business Acquisition [Line Items]
Value, Hasbro, Inc. common shares, issued to Saban Properties	$ 280,397
Business acquisition, Equity interests issued or issuable, Number of shares issued	3,074,190

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017
Earnings (Loss) Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]
Net earnings (loss)	$ 60,299	$ 67,723	$ (52,193)	$ 136,322
Basic [Abstract]
Average shares outstanding (in shares)	125,711	125,263	125,392	125,221
Equivalent shares (basic) (in shares)	125,711	125,263	125,392	125,221
Net earnings (loss) per common share-basic (in dollars per share)	$ 0.48	$ 0.54	$ (0.42)	$ 1.09
Diluted [Abstract]
Average shares outstanding (in shares)	125,711	125,263	125,392	125,221
Effect of dilutive securities:
Options and other share-based awards (in shares)	624	2,104	0	2,075
Equivalent shares (diluted) (in shares)	126,335	127,367	125,392	127,296
Net earnings (loss) per common share-diluted (in dollars per share)	$ 0.48	$ 0.53	$ (0.42)	$ 1.07
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	1,214	453	3,127	546
Dilutive securities excluded because of net loss			1,921
Impact of dilutive securities excluded because of net loss			823

Other Comprehensive Earnings 32

Other Comprehensive Earnings (Loss), Tax Effects on Changes in Other Comprehensive Earnings (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017
Other Comprehensive Earnings (Loss) [Abstract]
Tax benefit on unrealized holding losses and gains	$ (25)	$ (148)	$ 16	$ (130)
Tax benefit on cash flow hedging activities	(5,669)	(1,074)	311	4,236
Tax benefit on changes in unrecognized pension and postretirement amounts	0	0	7,565	0
Reclassification Adjustment from AOCE, Tax benefit on cash flow hedging activities	(114)	(640)	(908)	(1,009)
Reclassification Adjustment from AOCE, Tax benefit on amortization of unrecognized pension and postretirement amounts	(729)	(822)	(1,257)	(1,644)
Other Comprehensive Income, Tax, Total	(6,537)	$ (2,684)	$ 5,727	$ 1,453
Cash Flow Hedge losses to be Reclassified within Twelve Months	$ 6,028

Other Comprehensive Earnings 33

Other Comprehensive Earnings (Loss), Changes in the components of accumulated other comprehensive loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			$ (239,425)	$ (194,570)
Adoption of ASU 2018-02			(21,503)
Other Comprehensive Earnings (Loss), Net of Tax, Total	$ (2,681)	$ (29,442)	(34,148)	(32,043)
Total accumulated other comprehensive earnings (loss), End of Period	(295,076)	(226,613)	(295,076)	(226,613)
Pension and Postretirement Amounts [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			(110,971)	(118,401)
Adoption of ASU 2018-02			(18,065)
Other Comprehensive Earnings (Loss), Net of Tax, Total			(21,726)	2,897
Total accumulated other comprehensive earnings (loss), End of Period	(150,762)	(115,504)	(150,762)	(115,504)
Gains (Losses) On Derivative Instruments [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			(32,827)	51,085
Adoption of ASU 2018-02			(3,660)
Other Comprehensive Earnings (Loss), Net of Tax, Total			25,432	(63,981)
Total accumulated other comprehensive earnings (loss), End of Period	(11,055)	(12,896)	(11,055)	(12,896)
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	(20,008)		(20,008)
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	8,953		8,953
Unrealized Holding Gains on Available-for-Sale Securities [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			1,034	1,424
Adoption of ASU 2018-02			222
Other Comprehensive Earnings (Loss), Net of Tax, Total			(56)	229
Total accumulated other comprehensive earnings (loss), End of Period	1,200	1,653	1,200	1,653
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			(96,661)	(128,678)
Adoption of ASU 2018-02			0
Other Comprehensive Earnings (Loss), Net of Tax, Total			(37,798)	28,812
Total accumulated other comprehensive earnings (loss), End of Period	$ (134,459)	$ (99,866)	$ (134,459)	$ (99,866)

Other Comprehensive Earnings 34

Other Comprehensive Earnings (Loss), Reclassification From Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest Expense	$ 22,803	$ 24,224	$ 45,612	$ 48,680
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 (Loss) [Line Items]
Interest Expense	$ 499	$ 450	$ 899	$ 934

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2018	Dec. 31, 2017	Jul. 02, 2017
Debt Instrument [Line Items]
Carrying Cost	$ 1,709,895	$ 1,709,895	$ 1,559,895
Current portion of long-term debt	0	0	350,000
Less: Deferred debt expenses	15,545	16,286	10,781
Long-term debt	1,694,350	1,693,609	1,199,114
Fair Value	1,734,634	1,837,450	1,728,585
Long-Term Debt Fair Value, Current Maturities	0	0	353,115
Long-term Debt Fair Value, Excluding Current Maturities	1,734,634	1,837,450	1,375,470
Current portion of long-term debt	0	0	349,916
Notes 6.35% Due 2040 [Member]
Debt Instrument [Line Items]
Carrying Cost	500,000	500,000	500,000
Fair Value	$ 557,250	601,800	614,800
Maturity Date	Mar. 15, 2040
Interest Rate	6.35%
Notes 6.30% Due 2017 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 0	0	350,000
Fair Value	$ 0	0	353,115
Maturity Date	Sep. 15, 2017
Interest Rate	6.30%
Current portion of long-term debt			349,916
Deferred debt expenses, current portion			84
Notes 5.10% Due 2044 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 300,000	300,000	300,000
Fair Value	$ 287,730	313,320	325,500
Maturity Date	May 16, 2044
Interest Rate	5.10%
Notes 3.50% Due 2027 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 500,000	500,000	0
Fair Value	$ 464,600	488,300	0
Maturity Date	Sep. 15, 2027
Interest Rate	3.50%
Notes 3.15% Due 2021 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 300,000	300,000	300,000
Fair Value	$ 297,960	302,640	307,230
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	$ 127,094	$ 131,390	$ 127,940
Maturity Date	Jan. 18, 2028
Interest Rate	6.60%

Income Taxes (Details)

Income Taxes (Details) $ in Thousands	6 Months Ended
	Jul. 01, 2018USD ($)
Income Taxes Tax Cuts And Jobs Act [Abstract]
Increase to Provisional tax expense, net	$ 47,800
Tax cuts and jobs act, Date enacted	Dec. 22, 2017

Fair Value of Financial Instr37

Fair Value of Financial Instruments, Assests and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2018	Dec. 31, 2017	Jul. 02, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, assets	$ 3,054	$ 3,126	$ 4,096
Derivatives, assets	22,551	12,226	25,372
Total assets, fair value hierarchy	25,605	15,352	29,468
Derivatives, liabilities	5,191	23,051	22,244
Option Agreement	23,546	23,980	28,500
Total Liabilities	$ 28,737	47,031	50,744
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	30 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	$ 3,054	3,126	4,096
Derivatives, assets	0	0	0
Total assets, fair value hierarchy	3,054	3,126	4,096
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	22,551	12,226	25,372
Total assets, fair value hierarchy	22,551	12,226	25,372
Derivatives, liabilities	5,191	23,051	22,244
Option Agreement	0	0	0
Total Liabilities	5,191	23,051	22,244
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	23,546	23,980	28,500
Total Liabilities	$ 23,546	$ 23,980	$ 28,500

Fair Value of Financial Instr38

Fair Value of Financial Instruments, Significant Unobservable Inputs Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017	Dec. 31, 2017
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of year			$ (23,980)	$ (28,770)
Gain from change in fair value			434	270
Balance at end of period	$ (23,546)	$ (28,500)	(23,546)	(28,500)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Other income, net	(2,969)	6,010	5,623	17,396
Fair Value, Measurements, Recurring [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Alternative Investments, Fair Value Disclosure	24,219	23,967	24,219	23,967	$ 24,436
Other income, net	$ (342)	$ 384	$ 106	$ 1,015

Pension and Postretirement Be39

Pension and Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017	Dec. 31, 2017
Defined Benefit Plan Plan Amendment [Abstract]
Defined Benefit Plan Accumulated Benefit Obligation Increase For Plan Amendment	$ 35,192
Date of resolution approval plan termination	February 2,018
Pension [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 667	$ 921	$ 1,352	$ 1,873
Interest cost	3,980	4,430	7,996	9,155
Expected return on assets	(5,174)	(5,880)	(10,379)	(12,161)
Net amortization and deferrals	2,965	2,519	5,942	5,213
Net periodic benefit cost	$ 2,438	1,990	4,911	4,080
Contributions to defined benefit pension plans			540
Expected fiscal year defined benefit pension plan contributions			$ 1,300
Weighted average discount rate	3.20%		3.20%		3.70%
Postretirement [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 189	173	$ 377	345
Interest cost	293	295	585	590
Expected return on assets	0	0	0	0
Net amortization and deferrals	43	0	85	0
Net periodic benefit cost	$ 525	$ 468	$ 1,047	$ 935

Derivative Financial Instrume40

Derivative Financial Instruments, Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017	Dec. 31, 2017
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	$ 10,451	$ (2,856)	$ 3,751	$ 725
Not Designated as Hedging Instrument [Member] | Intercompany Loans [Member]
Derivative [Line Items]
Notional amount of derivative	140,151	163,969	140,151	163,969	$ 418,471
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	(2,118)	(1,528)	(2,836)	(6,486)
Notional amount of derivative	$ 1,141,067	$ 1,870,058	$ 1,141,067	$ 1,870,058	$ 1,376,877

Derivative Financial Instrume41

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. 01, 2018	Dec. 31, 2017	Jul. 02, 2017
Foreign Exchange Forward [Member]
Derivative [Line Items]
Notional amount of derivative	$ 1,141,067	$ 1,376,877	$ 1,870,058
Fair value of hedged item	16,964	(7,934)	5,943
Inventory Purchases [Member]
Derivative [Line Items]
Notional amount of derivative	647,255	756,673	942,896
Fair value of hedged item	10,248	(13,695)	259
Sales [Member]
Derivative [Line Items]
Notional amount of derivative	342,123	423,315	618,755
Fair value of hedged item	11,291	16,144	15,229
Royalties and Other [Member]
Derivative [Line Items]
Notional amount of derivative	151,689	196,889	308,407
Fair value of hedged item	$ (4,575)	$ (10,383)	$ (9,545)

Derivative Financial Instrume42

Derivative Financial Instruments, Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type (Details) - Foreign Exchange Forward [Member] - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jul. 02, 2017
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Net unrealized gain	$ 396	$ (2,891)	$ (2,815)
Not Designated as Hedging Instrument [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	1,120	0	0
Unrealized losses	(724)	0	0
Net unrealized gain	396	0	0
Not Designated as Hedging Instrument [Member] | Accrued liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	0	1,793	55
Unrealized losses	0	(4,684)	(2,870)
Net unrealized gain	0	(2,891)	(2,815)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Net unrealized gain	16,964	(7,934)	5,943
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	17,388	13,666	12,220
Unrealized losses	(5,307)	(10,319)	(4,059)
Net unrealized gain	12,081	3,347	8,161
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	12,774	11,255	22,468
Unrealized losses	(2,700)	(2,376)	(5,257)
Net unrealized gain	10,074	8,879	17,211
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Accrued liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	911	4,215	6,403
Unrealized losses	(3,118)	(15,484)	(23,421)
Net unrealized gain	(2,207)	(11,269)	(17,018)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	807	4,546	2,079
Unrealized losses	(3,791)	(13,437)	(4,490)
Net unrealized gain	$ (2,984)	$ (8,891)	$ (2,411)

Derivative Financial Instrume43

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. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	$ 819	$ 2,750	$ (4,163)	$ 13,196
Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	(950)	2,711	(4,841)	12,585
Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	430	475	762	1,016
Royalties and Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	$ 1,339	$ (436)	$ (84)	$ (405)

Segment Reporting, Net revenues

Segment Reporting, Net revenues by segment (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		$ 904,458	$ 972,506	$ 1,620,799	$ 1,822,169
Net revenues, affiliates		0	0	0	0
Operating Profit		87,588	99,984	7,169	178,327
Corporate and Eliminations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		0	0	0	0
Net revenues, affiliates		(348,394)	(409,522)	(607,485)	(675,644)
Operating Profit	[1]	2,535	(2,174)	(14,495)	(1,308)
U.S. and Canada [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		459,332	494,427	823,629	946,004
Net revenues, affiliates		2,596	2,455	4,729	4,846
Operating Profit		76,231	81,557	52,848	146,311
International [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		380,444	426,564	668,389	771,845
Net revenues, affiliates		226	15	288	15
Operating Profit		173	16,884	(55,915)	17,428
Entertainment and Licensing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external		64,651	51,494	128,672	104,223
Net revenues, affiliates		3,090	3,511	6,666	7,013
Operating Profit		18,627	11,324	32,533	22,670
Global Operations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external	[2]	31	21	109	97
Net revenues, affiliates	[2]	342,482	403,541	595,802	663,770
Operating Profit	[2]	$ (9,978)	$ (7,607)	$ (7,802)	$ (6,774)
[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 U . S . Dollar to local currenc y at budgeted rates when recorded. Corporate and Eliminations also includes the elimination 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. 01, 2018	Dec. 31, 2017	Jul. 02, 2017
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		$ 5,113,856	$ 5,289,983	$ 4,912,743
Corporate and Eliminations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	[1]	(4,331,611)	(3,405,347)	(3,349,940)
U.S. and Canada [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,912,825	2,749,384	2,799,960
International [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,048,122	2,499,985	2,132,992
Entertainment and Licensing [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		794,799	626,193	827,185
Global Operations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		$ 3,689,721	$ 2,819,768	$ 2,502,546
[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 U . S . Dollar to local currenc y at budgeted rates when recorded. Corporate and Eliminations also includes the elimination 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. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 904,458	$ 972,506	$ 1,620,799	$ 1,822,169
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	380,444	426,564	668,389	771,845
Europe [Member] | International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	199,575	237,607	355,137	453,727
Latin America [Member] | International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	96,401	99,869	162,362	164,625
Asia Pacific [Member] | International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 84,468	$ 89,088	$ 150,890	$ 153,493

Segment Reporting, Revenue by B

Segment Reporting, Revenue by Brand Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jul. 02, 2017	Jul. 01, 2018	Jul. 02, 2017
Revenue from External Customer [Line Items]
Net revenue	$ 904,458	$ 972,506	$ 1,620,799	$ 1,822,169
Franchise Brands [Member]
Revenue from External Customer [Line Items]
Net revenue	506,535	552,435	868,241	1,001,594
Partner Brands [Member]
Revenue from External Customer [Line Items]
Net revenue	208,005	230,015	408,597	442,977
Hasbro Gaming [Member]
Revenue from External Customer [Line Items]
Net revenue	134,275	133,872	239,502	269,639
Gaming including Magic the Gathering and Monopoly [Member]
Revenue from External Customer [Line Items]
Net revenue	312,773	273,261	$ 516,315	526,550
Segment Reporting, Additional Information about Entity's Reportable Segments			For the quarter and six months ended July 2, 2017, revenues of $6,717 and $25,132, respectively, were reclassified from Emerging Brands to Franchise Brands to conform to the presentation for the quarter and six months ended July 1, 2018. Hasbro's total gaming category, including all gaming net revenues, most notably MAGIC: THE GATHERING and MONOPOLY, totaled $312,773 and $516,315 for the quarter and six-months ended July 1, 2018, respectively. For the quarter and six-months ended July 2, 2017, total gaming net revenues were $273,261 and $526,550, respectively.
Emerging Brands [Member]
Revenue from External Customer [Line Items]
Net revenue	$ 55,643	56,184	$ 104,459	107,959
Emerging Brands to Franchise Brands [Member]
Revenue from External Customer [Line Items]
Net revenue		$ 6,717		$ 25,132

Commercial Reorganization (Deta

Commercial Reorganization (Details) $ in Thousands	6 Months Ended
	Jul. 01, 2018USD ($)
Restructuring Charges [Abstract]
Pre-tax severance expense related to the Company's commercial reorganization.	$ 17,349
Cost of commercial reorganization liability remaining on the consolidated balance sheet	$ 13,590