Goodwill

9 Months Ended

Sep. 29, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill

Changes in the carrying amount of goodwill, by operating segment, for the nine months ended September 29, 2024 and October 1, 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)		(0.2)		—		(0.3)
Balance as of September 29, 2024	$	1,582.2	$	371.5	$	325.2	$	2,278.9

	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)		—		—		(0.1)
Impairment during the period	—		—		(231.2)		(231.2)
Balance as of October 1, 2023	$	1,584.6	$	371.5	$	1,282.7	$	3,238.8

(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 nine months ended October 1, 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 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 nine months ended October 1, 2023.