Goodwill

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill

Changes in the carrying amount of goodwill, by operating segment, for the six months ended June 30, 2024 and July 2, 2023 are as follows:

	Consumer Products		Wizards of the Coast and Digital Gaming		Entertainment (1)		Total
2024
Balance as of December 31, 2023	$	1,582.3	$	371.7	$	325.2	$	2,279.2
Foreign exchange translation	(0.1)		(0.3)		—		(0.4)
Balance as of June 30, 2024	$	1,582.2	$	371.4	$	325.2	$	2,278.8

	Consumer Products		Wizards of the Coast and Digital Gaming		Entertainment (1)		Total
2023
Balance as of December 25, 2022	$	1,584.7	$	371.5	$	1,513.9	$	3,470.1
Foreign exchange translation	0.1		0.2		—		0.3
Impairment during the period	—		—		(231.2)		(231.2)
Balance as of July 2, 2023	$	1,584.8	$	371.7	$	1,282.7	$	3,239.2

(1) During the fourth quarter of 2023, the Company recorded $960.0 million of non-cash goodwill impairment charges within the Entertainment segment. See further detail in the 2023 Annual Report.

During the six months ended July 2, 2023, the Company recorded non-cash impairment charges of $296.2 million within the Entertainment segment. These impairment charges consisted of a $231.2 million goodwill impairment charge associated recorded within Impairment of goodwill and a $65.0 million intangible asset impairment charge, recorded in Selling, distribution and administration costs, within the Consolidated Statements of Operations for the three and six months ended July 2, 2023.