Non-current

[Table of Contents](#i3d0ebbc4e2a2420f98ed7e6fe698936a_7) HASBRO, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements — (Continued)  
The Company's long-term borrowings have the following future contractual maturities:

|  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |
| Future long-term borrowings contractual payments | (In millions) |
| 2022\* | $ | 52.5  |  |
| 2023\*\* | 60.0  |  |
| 2024 | 785.0  |  |
| 2025 | —  |  |
| 2026 | 675.0  |  |
| 2027 and thereafter | 2,309.9  |  |
|  | 3,882.4  |  |
| Production financing facilities | 170.1  |  |
|  | $ | 4,052.5  |  |

\*Represents the Company's current portion of required quarterly principal amortization payments for term loan facilities.\*\* Represents the Company's required quarterly principal amortization payments for term loan facilities in 2023.The fair values of the Company’s long-term debt are considered Level 3 fair values (see note 13 for further discussion of the fair value hierarchy) and are measured using the discounted future cash flows method. In addition to the debt terms, the valuation methodology includes an assumption of a discount rate that approximates the current yield on a similar debt security. This assumption is considered an unobservable input in that it reflects the Company’s own assumptions about the inputs that market participants would use in pricing the asset or liability. The Company believes that this is the best information available for use in the fair value measurement.Production FinancingIn addition to the Company's financial instruments, the Company uses production financing to fund certain of its television and film productions which are typically arranged on an individual production basis by special purpose production subsidiaries.Production financing facilities are secured by the assets and future revenue of the individual production subsidiaries and are non-recourse to the Company's assets.Production financing facilities typically have maturities of less than two years, while the titles are in production, and are repaid once delivered and all credits, broadcaster pre-sales and international sales have been received. The production financing facilities as of December 26, 2021 are as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
| (In millions) | 2021 |  | 2020 |
| Production financing held by production subsidiaries | $ | 170.1  |  |  | $ | 165.5  |  |
| Other loans (1) | —  |  |  | 5.4  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
|           Total | $ | 170.1  |  |  | $ | 170.9  |  |
|  |  |  |  |
| Production financing included in the consolidated balance sheet as: |  |  |  |
| Non-current | $ | —  |  |  | $ | 62.9  |  |
| Current | 170.1  |  |  | 102.6  |  |
|           Total | $ | 170.1  |  |  | $ | 165.5  |  |

(1)Other loans of $5.4 million, consist of production related demand loans, and are recorded within Short-term Borrowings in the Company's consolidated balance sheets.Interest is charged at bank prime rate plus a margin based on the risk of the respective production. The weighted average interest rate on all production financing as of December 26, 2021 was 3.9%.  
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