Tax benefit on settlement of U.S. defined benefit plan

[Table of Contents](#i3d0ebbc4e2a2420f98ed7e6fe698936a_7) HASBRO, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements — (Continued)  
(4)    Other Comprehensive Earnings (Loss)Components of other comprehensive earnings (loss) are presented within the consolidated statements of comprehensive earnings (loss). The following table presents the related tax effects on changes in other comprehensive earnings (loss) for each of the three fiscal years ended December 26, 2021.

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (In millions) | 2021 |  | 2020 |  | 2019 |
| Other comprehensive earnings (loss), tax effect: |  |  |  |  |  |
| Tax (expense) on unrealized holding (losses) gains  | $ | —  |  |  | $ | (0.2) |  |  | (0.2) |  |
| Tax (expense) benefit on cash flow hedging activities | (1.0) |  |  | (3.4) |  |  | 0.2  |  |
| Tax benefit on foreign currency translation amounts | (7.2) |  |  | 2.1  |  |  | —  |  |
| Tax (expense) benefit on changes in unrecognized pension amounts | (1.5) |  |  | 2.6  |  |  | (3.5) |  |
| Reclassifications to earnings, tax effect: |  |  |  |  |  |
| Tax (benefit) expense on cash flow hedging activities | (0.5) |  |  | 4.3  |  |  | 2.3  |  |
| Tax benefit on amortization of unrecognized pension and postretirement amounts reclassified to the consolidated statements of operations | (0.6) |  |  | (0.8) |  |  | (2.0) |  |
| Tax benefit on settlement of U.S. defined benefit plan | —  |  |  | —  |  |  | (24.9) |  |
| Total tax effect on other comprehensive earnings (loss) | $ | (10.8) |  |  | 4.6  |  |  | (28.1) |  |

  
Changes in the components of accumulated other comprehensive earnings (loss), net of tax for each of the three fiscal years ended December 26, 2021 are as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (In millions) | Pension andPostretirementAmounts |  | Gains(Losses) onDerivativeInstruments |  | UnrealizedHoldingGains (Losses) onAvailablefor-SaleSecurities |  | ForeignCurrencyTranslationAdjustments |  | TotalAccumulatedOtherComprehensiveEarnings (Loss) |
| 2021 |  |  |  |  |  |  |  |  |  |
| Balance at December 27, 2020 | $ | (40.7) |  |  | (22.1) |  |  | 0.3  |  |  | (132.5) |  |  | (195.0) |  |
| Current period other comprehensive earnings (loss) | 3.4  |  |  | 13.5  |  |  | (0.1) |  |  | (61.9) |  |  | (45.1) |  |
| Reclassifications from AOCE to earnings | 2.2  |  |  | 2.6  |  |  | —  |  |  | —  |  |  | 4.8  |  |
| Balance at December 26, 2021 | $ | (35.1) |  |  | (6.0) |  |  | 0.2  |  |  | (194.4) |  |  | (235.3) |  |
| 2020 |  |  |  |  |  |  |  |  |  |
| Balance at December 29, 2019 | $ | (36.1) |  |  | (5.2) |  |  | (0.3) |  |  | (142.6) |  |  | (184.2) |  |
|  |  |  |  |  |  |  |  |  |  |
| Current period other comprehensive earnings (loss) | (6.6) |  |  | 2.4  |  |  | 0.5  |  |  | 10.1  |  |  | 6.4  |  |
| Reclassifications from AOCE to earnings | 2.0  |  |  | (19.3) |  |  | —  |  |  | —  |  |  | (17.2) |  |
| Balance at December 27, 2020 | $ | (40.7) |  |  | (22.1) |  |  | 0.3  |  |  | (132.5) |  |  | (195.0) |  |
| 2019 |  |  |  |  |  |  |  |  |  |
| Balance at December 30, 2018 | $ | (143.1) |  |  | 1.5  |  |  | (0.9) |  |  | (152.2) |  |  | (294.7) |  |
| Current period other comprehensive earnings (loss) | 14.8  |  |  | 11.7  |  |  | 0.6  |  |  | 9.6  |  |  | 36.7  |  |
| Reclassifications from AOCE to earnings | 92.2  |  |  | (18.4) |  |  | —  |  |  | —  |  |  | 73.8  |  |
| Balance at December 29, 2019 | $ | (36.1) |  |  | (5.2) |  |  | (0.3) |  |  | (142.6) |  |  | (184.2) |  |

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