HASBRO INC
For the period ended Dec 29, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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Property, Plant and Equipment
(6)Property, Plant and Equipment
| (In millions) | 2024 | 2023 |
|---|---|---|
| Land and improvements | $3.4 | $3.5 |
| Buildings and improvements | 201.0 | 225.9 |
| Machinery, equipment and software | 554.9 | 552.4 |
| Tools, dies and molds | 365.3 | 385.5 |
| Right of use assets | 204.7 | 208.4 |
| Total property, plant and equipment, gross | 1,329.3 | 1,375.7 |
| Less: accumulated depreciation | (1,026.7) | (1,041.4) |
| Total property, plant and equipment, net | $302.6 | $334.3 |
Expenditures for maintenance and repairs which do not materially extend the life of the assets are charged to operations as incurred. In 2024, 2023 and 2022 the Company recorded $94.7 million, $127.7 million and $127.3 million, respectively, of depreciation expense. See Note 17, Leases, for additional discussion on right of use assets.
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