Debt issuance costs, gross

[Table of Contents](#i3d0ebbc4e2a2420f98ed7e6fe698936a_7) HASBRO, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements — (Continued)  
(11)    Long-Term DebtComponents of long-term debt for the fiscal years ended on December 26, 2021 and December 27, 2020 are as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (In millions) | 2021 |  | 2020 |
|  | CarryingCost |  | Fair Value |  | CarryingCost |  | Fair Value |
| 3.90% Notes Due 2029 | $ | 900.0  |  |  | 991.7  |  |  | $ | 900.0  |  |  | 1,011.1  |  |
| 3.55% Notes Due 2026 | 675.0  |  |  | 725.6  |  |  | 675.0  |  |  | 752.7  |  |
| 3.00% Notes Due 2024 | 500.0  |  |  | 521.2  |  |  | 500.0  |  |  | 540.6  |  |
| 6.35% Notes Due 2040 | 500.0  |  |  | 692.8  |  |  | 500.0  |  |  | 636.5  |  |
| 3.50% Notes Due 2027 | 500.0  |  |  | 539.2  |  |  | 500.0  |  |  | 544.5  |  |
| 2.60% Notes Due 2022 (1) | —  |  |  | —  |  |  | 300.0  |  |  | 311.5  |  |
| 5.10% Notes Due 2044 | 300.0  |  |  | 374.5  |  |  | 300.0  |  |  | 338.1  |  |
| 3.15% Notes Due 2021 (2) | —  |  |  | —  |  |  | 300.0  |  |  | 302.3  |  |
| 6.60% Debentures Due 2028 | 109.9  |  |  | 136.7  |  |  | 109.9  |  |  | 137.4  |  |
| Variable % Notes Due December 30, 2022 (3) | —  |  |  | —  |  |  | 300.0  |  |  | 300.0  |  |
| Variable % Notes Due December 30, 2024 (4) | 397.5  |  |  | 397.5  |  |  | 577.5  |  |  | 577.5  |  |
| Production Financing Facilities | 170.1  |  |  | 170.1  |  |  | 165.5  |  |  | 165.5  |  |
| Total long-term debt | $ | 4,052.5  |  |  | 4,549.3  |  |  | $ | 5,127.9  |  |  | 5,617.7  |  |
| Less: Deferred debt expenses | 28.2  |  |  | —  |  |  | 35.3  |  |  | —  |  |
| Less: Current portion | 200.1  |  |  | —  |  |  | 432.6  |  |  | —  |  |
| Long-term debt | $ | 3,824.2  |  |  | 4,549.3  |  |  | $ | 4,660.0  |  |  | 5,617.7  |  |

(1) During the third quarter of 2021, the Company repaid in full its 2.60% Notes, in the aggregate principal amount of $300.0 million due in November 2022. (2) During the first quarter of 2021, the Company repaid in full its 3.15% Notes, in the aggregate principal amount of $300.0 million due in May 2021. (3) During the second quarter of 2021, the Company repaid $250.0 million of the Variable % Notes Due December 30, 2022 and during the third quarter of 2021, the Company repaid the remaining balance of $50.0 million of the Variable % Notes Due December 30, 2022. (4) During the third quarter of 2021, the Company repaid $50.0 million, and during the fourth quarter of 2021, the Company repaid $100.0 million of the Variable % Notes Due December 30, 2024.In November 2019, in conjunction with the Company's acquisition of eOne, the Company issued an aggregate of $2.4 billion of senior unsecured debt securities (the "Notes") consisting of the following tranches: $300.0 million of notes due 2022 (the "2022 Notes") that bear interest at a fixed rate of 2.60%, $500.0 million of notes due 2024 (the "2024 Notes") that bear interest at a fixed rate of 3.00%, $675.0 million of notes due 2026 (the "2026 Notes") that bear interest at a fixed rate of 3.55% and $900.0 million of notes due 2029 (the "2029 Notes") that bear interest at a fixed rate of 3.90%. Net proceeds from the issuance of the Notes, after deduction of $20.0 million of underwriting discount and fees, totaled $2.4 billion. These costs are being amortized over the life of the Notes outstanding, which range from five years to ten years from the date of issuance. During the third quarter of 2021, the Company repaid in full the $300.0 million of 2022 Notes and recorded $9.1 million of debt extinguishment costs within other expense (income) in the Consolidated Statements of Operations.The Notes bear interest at the stated rates but may be subject to upward adjustment if the credit rating of the Company is reduced by Moody's or Standard & Poors. The adjustment can be from 0.25% to 2.00% based on the extent of the ratings decrease. The Company may redeem the Notes at its option at the greater of the principal amount of the Notes or the present value of the remaining scheduled payments discounted using the effective interest rate on applicable U.S. Treasury bills at the time of repurchase, plus (1) 25 basis points (in the case of the 2024 Notes); (2) 30 basis points (in the case of the 2026 Notes); and (3) 35 basis points (in the case of the 2029 101
