HASBRO, INC.
For the period ended Dec 28, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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5. Other Comprehensive Earnings (Loss)
Components of other comprehensive earnings (loss) are presented within the Consolidated Statements of Comprehensive Earnings (Loss), net of tax. Income tax effects are released from Accumulated other comprehensive loss ("AOCL") at the effective tax rate during the period in which the components are released.
Changes in the components of AOCL are as follows:
| (In millions) | Pension andPostretirementAmounts | DerivativeInstruments | Availablefor-SaleSecurities | ForeignCurrencyTranslationAdjustments | TotalAOCL |
|---|---|---|---|---|---|
| Balance, December 25, 2022 | $(3.0) | $(12.0) | $(0.1) | $(239.8) | $(254.9) |
| Other comprehensive earnings (loss) before reclassifications, before tax | (0.9) | (11.4) | — | 59.4 | 47.1 |
| Income tax benefit | — | 2.8 | — | — | 2.8 |
| Other comprehensive earnings (loss), before reclassifications | (0.9) | (8.6) | — | 59.4 | 49.9 |
| Reclassifications from AOCL to earnings, before tax | (0.4) | 5.7 | — | — | 5.3 |
| Income tax (expense) benefit | 0.1 | (1.9) | — | — | (1.8) |
| Reclassifications from AOCL to earnings | (0.3) | 3.8 | — | — | 3.5 |
| Other comprehensive earnings (loss) | (1.2) | (4.8) | — | 59.4 | 53.4 |
| Balance, December 31, 2023 | $(4.2) | $(16.8) | $(0.1) | $(180.4) | $(201.5) |
| (In millions) | Pension andPostretirementAmounts | DerivativeInstruments | Availablefor-SaleSecurities | ForeignCurrencyTranslationAdjustments | TotalAOCL |
|---|---|---|---|---|---|
| Other comprehensive (loss) earnings before reclassifications, before tax | (3.4) | 11.1 | — | (48.8) | (41.1) |
| Income tax (expense) benefit | 0.5 | (3.8) | — | — | (3.3) |
| Other comprehensive (loss) earnings, before reclassifications | (2.9) | 7.3 | — | (48.8) | (44.4) |
| Reclassifications from AOCL to earnings, before tax | (1.0) | 0.7 | — | — | (0.3) |
| Income tax (expense) benefit | 0.1 | (0.3) | — | — | (0.2) |
| Reclassifications from AOCL to earnings | (0.9) | 0.4 | — | — | (0.5) |
| Other comprehensive (loss) earnings | (3.8) | 7.7 | — | (48.8) | (44.9) |
| Balance, December 29, 2024 | $(8.0) | $(9.1) | $(0.1) | $(229.2) | $(246.4) |
| Other comprehensive earnings (loss) before reclassifications, before tax | 0.9 | (16.0) | — | 40.1 | 25.0 |
| Income tax benefit (expense) | (0.3) | 3.5 | — | — | 3.2 |
| Other comprehensive earnings (loss), before reclassifications | 0.6 | (12.5) | — | 40.1 | 28.2 |
| Reclassifications from AOCL to earnings, before tax | 0.4 | 0.5 | — | — | 0.9 |
| Income tax expense | (0.2) | — | — | — | (0.2) |
| Reclassifications from AOCL to earnings | 0.2 | 0.5 | — | — | 0.7 |
| Other comprehensive earnings (loss) | 0.8 | (12.0) | — | 40.1 | 28.9 |
| Balance, December 28, 2025 | $(7.2) | $(21.1) | $(0.1) | $(189.1) | $(217.5) |
Gains (Losses) on Derivative Instruments
As of December 28, 2025, the Company had remaining net deferred losses on foreign currency forward contracts, net of tax, of $8.3 million in AOCL. These instruments hedge payments related to inventory purchased in the fourth quarter of 2025 or forecasted to be purchased in 2026, intercompany expenses expected to be paid or received during 2026 and cash receipts for sales made at the end of the fourth quarter of 2025 or forecasted to be made in 2026. These amounts will be reclassified into the Consolidated Statements of Operations upon the sale of the related inventory or recognition of the related sales or expenses.
In addition to foreign currency forward contracts, the Company entered into hedging contracts on future interest payments related to the 5.10% Notes due 2044 (refer to Note 12, Long-Term Debt and Other Financing). At the date of debt issuance, these contracts were terminated and the fair value on the date of settlement was deferred in AOCL and is being amortized to interest expense over the life of the related notes using the effective interest rate method. As of December 28, 2025, deferred losses, net of tax, of $12.8 million related to these instruments remained in AOCL. For each of the years ending December 28, 2025, December 29, 2024, and December 31, 2023, losses, net of tax, of $0.7 million related to these hedging instruments were reclassified from AOCL to net earnings.
Of the amounts included in AOCL as of December 28, 2025, the Company expects net losses of approximately $7.2 million to be reclassified to the Consolidated Statements of Operations within the next 12 months. However, the amount ultimately realized in earnings is dependent on the fair value of the hedging instruments on the settlement dates.
Refer to Note 19, Derivative Financial Instruments, to the consolidated financial statements for additional discussion on reclassifications from AOCL to earnings.
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