Cover
Cover | 12 Months Ended |
Dec. 31, 2022 | |
Document Information [Line Items] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | HASBRO, INC. |
Entity Central Index Key | 0000046080 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Pay vs Performance Disclosure [Table] | |||
Pay vs Performance [Table Text Block] | Pay Versus Performance The following table provides information regarding compensation paid to the Company’s Chief Executive Officer and other Named Executive Officers along with the cumulative total shareholder return of the Company and the Total Shareholder Return of the Russell 1000 Consumer Discretionary Index, the Company’s net income and the Company’s revenue, which is the Company’s most important financial performance measure used by the Company to link compensation actually paid to the Company’s named executive officers, for 2022, to Company performance. Cocks Stoddart Goldner Year (1) Summary Compensation (SCT) For Compensation to CEO Summary Compensation (SCT) For Compensation to CEO Summary Compensation (SCT) For Compensation to CEO (2) Average (4) Average (4) Value of Initial Fixed (5) Net Income Company TSR TSR (Russell 1000 Revenue 2022 $9,443,047 $ 3,460,022 $ 270,000 ($ 574,022 ) n/a n/a $ 7,444,885 $ 2,209,062 $ 60.60 $ 108.23 $ 203,500,000 $ 5,856,700,000 2021 n/a n/a $ 3,130,233 $ 3,198,778 $ 23,714,681 $ 29,079,175 $ 6,265,507 $ 7,724,029 $ 38.45 $ 164.69 $ 428,700,000 $ 6,420,400,000 2020 n/a n/a n/a n/a $ 16,668,010 $ 6,508,847 $ 9,964,919 $ 7,610,559 $ 91.07 $ 138.64 $ 222,500,000 $ 5,465,400,000 2022 (3) 2021 (3) 2020 (3) Adjustments CEO CEO Other (4) CEO CEO Other (4) CEO Other (4) Total from Summary Compensation Table $ 9,443,047 $ 270,000 $ 7,444,885 $ 3,130,233 $ 23,714,681 $ 6,265,507 $ 16,668,010 $ 9,964,919 Adjustments for defined benefit and actuarial plans Subtract: Pension Value Reported in SCT ($ 1,121 ) $ 0 ($ 2,394 ) $ 0 ($ 140,367 ) ($ 19,737 ) ($ 354,447 ) ($ 36,909 ) Add: Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Total Impact: Adjustments for defined benefit and actuarial plans ($ 1,121 ) $ 0 ($ 2,394 ) $ 0 ($ 140,367 ) ($ 19,737 ) ($ 354,447 ) ($ 36,909 ) Adjustments for stock and options awards Subtract: SCT Amounts ($ 7,871,541 ) $ 0 ($ 5,413,134 ) ($ 2,660,077 ) ($ 6,872,319 ) ($ 3,419,074 ) ($ 10,030,160 ) ($ 6,432,778 ) Add: Fair value at year-end of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY $ 4,216,348 $ 0 $ 2,804,299 $ 2,567,462 $ 764,559 $ 3,946,937 $ 6,769,907 $ 6,896,721 +/-: Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end ($ 2,088,044 ) $ 0 ($ 2,829,032 ) $ 0 $ 1,325,727 $ 1,016,013 ($ 5,058,029 ) ($ 2,494,125 ) 2022 (3) 2021 (3) 2020 (3) Adjustments CEO CEO Other (4) CEO CEO Other (4) CEO Other (4) Add: Vesting date fair value of awards granted and vesting during such year $ 0 $ 0 $ 340,380 $ 161,160 $ 11,692,035 $ 0 $ 0 $ 0 +/-: Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during such year ($ 238,667 ) ($ 844,022 ) ($ 135,942 ) $ 0 ($ 1,405,142 ) ($ 65,617 ) ($ 1,486,435 ) ($ 287,268 ) Total Impact: Adjustments for stock and option awards ($ 5,981,904 ) ($ 844,022 ) ($ 5,233,428 ) $ 68,545 $ 5,504,861 $ 1,478,259 ($ 9,804,716 ) ($ 2,317,450 ) Compensation Actually Paid (as calculated) $ 3,460,022 ($ 574,022 ) $ 2,209,062 $ 3,198,778 $ 29,079,175 $ 7,724,029 $ 6,508,847 $ 7,610,559 Footnotes: (1) The other NEOs were Mr. Cocks (2021), Ms. Thomas (all years), Messrs. Frascotti, Throop & Johnson (2020 and 2021), Ms. Williams and Messrs. Nyman and Throop (2022). (2) The 2021 amounts for Mr. Golder are primarily a result of increased compensation as a result of his untimely passing. (3) The following detailed breakdown table describes the adjustments, each of which is prescribed by SEC rule, to calculate the CAP Amount from the SCT Amount. The SCT Amount and the CAP Amount do not reflect the actual amount of compensation earned by or paid during the applicable year, but rather are amounts determined in accordance with SEC rules contained in item 402 of Regulation S-K (4) Amounts presented are averages for the entire group of other NEOS. (5) Total Shareholder Return (TSR) data is calculated based on an initial measurement date of December 29, 2019 and reflects: For 2022 - - | ||
Company Selected Measure Name | Revenue | ||
Named Executive Officers, Footnote [Text Block] | The other NEOs were Mr. Cocks (2021), Ms. Thomas (all years), Messrs. Frascotti, Throop & Johnson (2020 and 2021), Ms. Williams and Messrs. Nyman and Throop (2022). | ||
Adjustment To PEO Compensation, Footnote [Text Block] | 2022 (3) 2021 (3) 2020 (3) Adjustments CEO CEO Other (4) CEO CEO Other (4) CEO Other (4) Total from Summary Compensation Table $ 9,443,047 $ 270,000 $ 7,444,885 $ 3,130,233 $ 23,714,681 $ 6,265,507 $ 16,668,010 $ 9,964,919 Adjustments for defined benefit and actuarial plans Subtract: Pension Value Reported in SCT ($ 1,121 ) $ 0 ($ 2,394 ) $ 0 ($ 140,367 ) ($ 19,737 ) ($ 354,447 ) ($ 36,909 ) Add: Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Total Impact: Adjustments for defined benefit and actuarial plans ($ 1,121 ) $ 0 ($ 2,394 ) $ 0 ($ 140,367 ) ($ 19,737 ) ($ 354,447 ) ($ 36,909 ) Adjustments for stock and options awards Subtract: SCT Amounts ($ 7,871,541 ) $ 0 ($ 5,413,134 ) ($ 2,660,077 ) ($ 6,872,319 ) ($ 3,419,074 ) ($ 10,030,160 ) ($ 6,432,778 ) Add: Fair value at year-end of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY $ 4,216,348 $ 0 $ 2,804,299 $ 2,567,462 $ 764,559 $ 3,946,937 $ 6,769,907 $ 6,896,721 +/-: Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end ($ 2,088,044 ) $ 0 ($ 2,829,032 ) $ 0 $ 1,325,727 $ 1,016,013 ($ 5,058,029 ) ($ 2,494,125 ) 2022 (3) 2021 (3) 2020 (3) Adjustments CEO CEO Other (4) CEO CEO Other (4) CEO Other (4) Add: Vesting date fair value of awards granted and vesting during such year $ 0 $ 0 $ 340,380 $ 161,160 $ 11,692,035 $ 0 $ 0 $ 0 +/-: Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during such year ($ 238,667 ) ($ 844,022 ) ($ 135,942 ) $ 0 ($ 1,405,142 ) ($ 65,617 ) ($ 1,486,435 ) ($ 287,268 ) Total Impact: Adjustments for stock and option awards ($ 5,981,904 ) ($ 844,022 ) ($ 5,233,428 ) $ 68,545 $ 5,504,861 $ 1,478,259 ($ 9,804,716 ) ($ 2,317,450 ) Compensation Actually Paid (as calculated) $ 3,460,022 ($ 574,022 ) $ 2,209,062 $ 3,198,778 $ 29,079,175 $ 7,724,029 $ 6,508,847 $ 7,610,559 | ||
Non-PEO NEO Average Total Compensation Amount | $ 7,444,885 | $ 6,265,507 | $ 9,964,919 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 2,209,062 | 7,724,029 | 7,610,559 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | 2022 (3) 2021 (3) 2020 (3) Adjustments CEO CEO Other (4) CEO CEO Other (4) CEO Other (4) Total from Summary Compensation Table $ 9,443,047 $ 270,000 $ 7,444,885 $ 3,130,233 $ 23,714,681 $ 6,265,507 $ 16,668,010 $ 9,964,919 Adjustments for defined benefit and actuarial plans Subtract: Pension Value Reported in SCT ($ 1,121 ) $ 0 ($ 2,394 ) $ 0 ($ 140,367 ) ($ 19,737 ) ($ 354,447 ) ($ 36,909 ) Add: Pension value attributable to current year’s service and any change in pension value attributable to plan amendments made in the current year $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Total Impact: Adjustments for defined benefit and actuarial plans ($ 1,121 ) $ 0 ($ 2,394 ) $ 0 ($ 140,367 ) ($ 19,737 ) ($ 354,447 ) ($ 36,909 ) Adjustments for stock and options awards Subtract: SCT Amounts ($ 7,871,541 ) $ 0 ($ 5,413,134 ) ($ 2,660,077 ) ($ 6,872,319 ) ($ 3,419,074 ) ($ 10,030,160 ) ($ 6,432,778 ) Add: Fair value at year-end of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY $ 4,216,348 $ 0 $ 2,804,299 $ 2,567,462 $ 764,559 $ 3,946,937 $ 6,769,907 $ 6,896,721 +/-: Year-over-year change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end ($ 2,088,044 ) $ 0 ($ 2,829,032 ) $ 0 $ 1,325,727 $ 1,016,013 ($ 5,058,029 ) ($ 2,494,125 ) 2022 (3) 2021 (3) 2020 (3) Adjustments CEO CEO Other (4) CEO CEO Other (4) CEO Other (4) Add: Vesting date fair value of awards granted and vesting during such year $ 0 $ 0 $ 340,380 $ 161,160 $ 11,692,035 $ 0 $ 0 $ 0 +/-: Change as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during such year ($ 238,667 ) ($ 844,022 ) ($ 135,942 ) $ 0 ($ 1,405,142 ) ($ 65,617 ) ($ 1,486,435 ) ($ 287,268 ) Total Impact: Adjustments for stock and option awards ($ 5,981,904 ) ($ 844,022 ) ($ 5,233,428 ) $ 68,545 $ 5,504,861 $ 1,478,259 ($ 9,804,716 ) ($ 2,317,450 ) Compensation Actually Paid (as calculated) $ 3,460,022 ($ 574,022 ) $ 2,209,062 $ 3,198,778 $ 29,079,175 $ 7,724,029 $ 6,508,847 $ 7,610,559 | ||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | |||
Compensation Actually Paid vs. Net Income [Text Block] | |||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | |||
Total Shareholder Return Vs Peer Group [Text Block] | |||
Tabular List [Table Text Block] | Financial Performance Measures The following table lists the most important financial performance measures used Performance Measure Primary Measure Short-Term Incentive Measure Performance Share Award Performance Measure Net Revenue X X X Operating Margin X Free Cash Flow X EPS X ROIC X | ||
Total Shareholder Return Amount | $ 60.6 | 38.45 | 91.07 |
Peer Group Total Shareholder Return Amount | 108.23 | 164.69 | 138.64 |
Net Income (Loss) | $ 203,500,000 | $ 428,700,000 | $ 222,500,000 |
Company Selected Measure Amount | 5,856,700,000 | 6,420,400,000 | 5,465,400,000 |
Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Net Revenue | ||
Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Operating Margin | ||
Measure [Axis]: 3 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Free Cash Flow | ||
Measure [Axis]: 4 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | EPS | ||
Measure [Axis]: 5 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | ROIC | ||
Cocks [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 9,443,047 | ||
PEO Actually Paid Compensation Amount | $ 3,460,022 | ||
PEO Name | Cocks | ||
Stoddart [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 270,000 | $ 3,130,233 | |
PEO Actually Paid Compensation Amount | $ (574,022) | $ 3,198,778 | |
PEO Name | Stoddart | Stoddart | |
Goldner [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 23,714,681 | $ 16,668,010 | |
PEO Actually Paid Compensation Amount | $ 29,079,175 | $ 6,508,847 | |
PEO Name | Goldner | Goldner | |
PEO [Member] | Cocks [Member] | Pension Value Reported in SCT [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ (1,121) | ||
PEO [Member] | Cocks [Member] | Pension value attributable to current years service and any change in pension value attributable to plan amendments made in the current year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | ||
PEO [Member] | Cocks [Member] | Adjustments for defined benefit and actuarial plans [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,121) | ||
PEO [Member] | Cocks [Member] | SCT Amounts [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (7,871,541) | ||
PEO [Member] | Cocks [Member] | Fair value at yearend of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 4,216,348 | ||
PEO [Member] | Cocks [Member] | change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,088,044) | ||
PEO [Member] | Cocks [Member] | Vesting date fair value of awards granted and vesting during such year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | ||
PEO [Member] | Cocks [Member] | Yearoveryear change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (238,667) | ||
PEO [Member] | Cocks [Member] | Adjustments for stock and option awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (5,981,904) | ||
PEO [Member] | Stoddart [Member] | Pension Value Reported in SCT [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | $ 0 | |
PEO [Member] | Stoddart [Member] | Pension value attributable to current years service and any change in pension value attributable to plan amendments made in the current year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 0 | |
PEO [Member] | Stoddart [Member] | Adjustments for defined benefit and actuarial plans [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 0 | |
PEO [Member] | Stoddart [Member] | SCT Amounts [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | (2,660,077) | |
PEO [Member] | Stoddart [Member] | Fair value at yearend of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 2,567,462 | |
PEO [Member] | Stoddart [Member] | change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 0 | |
PEO [Member] | Stoddart [Member] | Vesting date fair value of awards granted and vesting during such year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 161,160 | |
PEO [Member] | Stoddart [Member] | Yearoveryear change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (844,022) | 0 | |
PEO [Member] | Stoddart [Member] | Adjustments for stock and option awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (844,022) | 68,545 | |
PEO [Member] | Goldner [Member] | Pension Value Reported in SCT [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (140,367) | $ (354,447) | |
PEO [Member] | Goldner [Member] | Pension value attributable to current years service and any change in pension value attributable to plan amendments made in the current year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 0 | |
PEO [Member] | Goldner [Member] | Adjustments for defined benefit and actuarial plans [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (140,367) | (354,447) | |
PEO [Member] | Goldner [Member] | SCT Amounts [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (6,872,319) | (10,030,160) | |
PEO [Member] | Goldner [Member] | Fair value at yearend of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 764,559 | 6,769,907 | |
PEO [Member] | Goldner [Member] | change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 1,325,727 | (5,058,029) | |
PEO [Member] | Goldner [Member] | Vesting date fair value of awards granted and vesting during such year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 11,692,035 | 0 | |
PEO [Member] | Goldner [Member] | Yearoveryear change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,405,142) | (1,486,435) | |
PEO [Member] | Goldner [Member] | Adjustments for stock and option awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 5,504,861 | (9,804,716) | |
Non-PEO NEO [Member] | Pension Value Reported in SCT [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,394) | (19,737) | (36,909) |
Non-PEO NEO [Member] | Pension value attributable to current years service and any change in pension value attributable to plan amendments made in the current year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 0 | 0 |
Non-PEO NEO [Member] | Adjustments for defined benefit and actuarial plans [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,394) | (19,737) | (36,909) |
Non-PEO NEO [Member] | SCT Amounts [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (5,413,134) | (3,419,074) | (6,432,778) |
Non-PEO NEO [Member] | Fair value at yearend of any equity awards granted in the covered FY that are outstanding and unvested as of the end of the covered FY [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 2,804,299 | 3,946,937 | 6,896,721 |
Non-PEO NEO [Member] | change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,829,032) | 1,016,013 | (2,494,125) |
Non-PEO NEO [Member] | Vesting date fair value of awards granted and vesting during such year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 340,380 | 0 | 0 |
Non-PEO NEO [Member] | Yearoveryear change in fair value of awards granted in any prior fiscal year that are outstanding and unvested at year end [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (135,942) | (65,617) | (287,268) |
Non-PEO NEO [Member] | Adjustments for stock and option awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ (5,233,428) | $ 1,478,259 | $ (2,317,450) |