Revenue Recognition (Tables)

9 Months Ended

Sep. 28, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Liabilities

The opening and closing balances of contract assets and contract liabilities are as follows:

	September 28, 2025		September 29, 2024
Assets
Balance at beginning of the year	$	241.4	$	213.3
Ending Balance	$	266.9	$	242.5
Liabilities
Balance at beginning of the year	$	236.8	$	230.8
Ending Balance	$	213.5	$	256.9

Schedule of Activity in Allowance for Credit Losses

A summary of the activity in the allowance for credit losses are as follows:

	September 28, 2025		September 29, 2024
Balance at beginning of the year	$	25.8	$	12.7
Provisions/charges to income	29.7		4.6
Amounts charged off and other	(2.6)		(0.5)
Foreign currency impact	0.8		(0.6)
Ending balance	$	53.7	$	16.2

Schedule of Net Revenues by Category

The following table represents consolidated Wizards of the Coast and Digital Gaming segment net revenues by category:

	Three Months Ended				Nine Months Ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
Tabletop Gaming	$	441.8	$	296.8	$	1,191.9	$	832.6
Digital and Licensed Gaming	130.2		107.2		364.6		339.7
Net revenues	$	572.0	$	404.0	$	1,556.5	$	1,172.3

The following table represents consolidated Entertainment segment net revenues by category:

	Three Months Ended				Nine Months Ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
Film and TV	$	1.9	$	1.6	$	7.7	$	3.4
Family Brands	16.7		15.6		53.6		60.6
Net revenues	$	18.6	$	17.2	$	61.3	$	64.0

The following table represents consolidated net revenues by brand portfolio:

	Three Months Ended				Nine Months Ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
Grow Brands	$	1,006.0	$	839.0	$	2,391.6	$	2,065.0
Optimize Brands	221.9		223.2		509.5		530.0
Reinvent Brands	159.6		219.1		354.3		438.9
Net revenues	$	1,387.5	$	1,281.3	$	3,255.4	$	3,033.9

Schedule of Net Revenues by Geographic Regions

The following table represents consolidated Consumer Products segment net revenues by major geographic region:

	Three Months Ended				Nine Months Ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
North America	$	483.0	$	526.8	$	950.4	$	1,072.0
Europe	181.1		162.3		361.8		341.8
Asia Pacific	61.2		81.9		178.6		193.3
Latin America	71.6		89.1		146.8		190.5
Net revenues	$	796.9	$	860.1	$	1,637.6	$	1,797.6