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Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 27, 2011	Dec. 26, 2010	Mar. 28, 2010
Current assets
Cash and cash equivalents	$ 927,422	$ 727,796	$ 1,259,799
Accounts receivable, less allowance for doubtful accounts of $33,300, $31,200, and $32,500	558,980	961,252	526,031
Inventories	401,309	364,194	226,784
Prepaid expenses and other current assets	173,070	167,807	200,226
Total current assets	2,060,781	2,221,049	2,212,840
Property, plant and equipment, less accumulated depreciation of $437,900, $430,200 and $432,400	238,403	233,580	220,522
Other assets
Goodwill	475,343	474,813	474,401
Other intangibles, less accumulated amortization of $586,700, $586,900 and $570,400	489,910	500,597	542,942
Other	675,904	663,187	627,318
Total other assets	1,641,157	1,638,597	1,644,661
Total assets	3,940,341	4,093,226	4,078,023
Current liabilities
Short-term borrowings	37,923	14,568	11,438
Current portion of long-term debt	0	0	138,651
Accounts payable	142,876	132,517	128,780
Accrued liabilities	445,733	571,716	412,974
Total current liabilities	626,532	718,801	691,843
Long-term debt, excluding current portion	1,396,695	1,397,681	1,390,484
Other liabilities	386,126	361,324	325,842
Total liabilities	2,409,353	2,477,806	2,408,169
Shareholders' equity
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued	0	0	0
Common stock of $.50 par value. Authorized 600,000,000 shares; issued 209,694,630	104,847	104,847	104,847
Additional paid-in capital	624,666	625,961	516,488
Retained earnings	2,954,517	2,978,317	2,744,517
Accumulated other comprehensive (loss) earnings	(1,763)	8,149	56,043
Treasury stock, at cost; 72,890,160 shares at March 27, 2011; 72,278,515 shares at December 26, 2010 and 69,288,243 shares at March 28, 2010	(2,151,279)	(2,101,854)	(1,752,041)
Total shareholders' equity	1,530,988	1,615,420	1,669,854
Total liabilities and shareholders' equity	$ 3,940,341	$ 4,093,226	$ 4,078,023

Parenthetical Data to the Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 27, 2011	Dec. 26, 2010	Mar. 28, 2010
Current assets
Accounts receivable, allowance for doubtful accounts	$ 33,300	$ 31,200	$ 32,500
Property, plant and equipment, accumulated depreciation	437,900	430,200	432,400
Other assets
Other intangibles, accumulated amortization	$ 586,700	$ 586,900	$ 570,400
Shareholders' equity
Preference stock, par value	$ 2.50	$ 2.50	$ 2.50
Preference stock, shares Authorized	5,000,000	5,000,000	5,000,000
Preference stock, shares issued	0	0	0
Common stock, par value	$ 0.50	$ 0.50	$ 0.50
Common stock, shares Authorized	600,000,000	600,000,000	600,000,000
Common stock, shares issued	209,694,630	209,694,630	209,694,630
Treasury stock, at cost; shares	72,890,160	72,278,515	69,288,243

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2011	Mar. 28, 2010
Income Statement [Abstract]
Net revenues	$ 671,986	$ 672,371
Costs and Expenses
Cost of sales	267,246	262,679
Royalties	43,226	43,782
Product development	45,818	40,324
Advertising	66,537	71,174
Amortization of intangibles	10,696	11,384
Program production cost amortization	3,117	0
Selling, distribution and administration	186,423	173,701
Total costs and expenses	623,063	603,044
Operating profit	48,923	69,327
Nonoperating (income) expense
Interest expense	21,375	16,792
Interest income	(1,412)	(830)
Other (income) expense, net	6,122	(865)
Total nonoperating expense, net	26,085	15,097
Earnings before income taxes	22,838	54,230
Income tax expense (benefit)	5,642	(4,713)
Net earnings	$ 17,196	$ 58,943
Net earnings per common share
Basic	$ 0.12	$ 0.43
Diluted	0.12	0.40
Cash dividends declared per common share	$ 0.30	$ 0.25

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2011	Mar. 28, 2010
Cash flows from operating activities
Net earnings	$ 17,196	$ 58,943
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of plant and equipment	20,322	17,916
Amortization of intangibles	10,696	11,384
Program production cost amortization	3,117	0
Deferred income taxes	(584)	15,096
Stock-based compensation	7,384	7,182
Change in operating assets and liabilities:
Decrease in accounts receivable	419,622	502,295
Increase in inventories	(28,022)	(22,045)
Increase in prepaid expenses and other current assets	(11,024)	(13,889)
Program production costs	(16,613)	(4,273)
Decrease in accounts payable and accrued liabilities	(152,626)	(283,925)
Other, including long-term portion of royalty advances	7,026	(23,567)
Net cash provided by operating activities	276,494	265,117
Cash flows from investing activities
Additions to property, plant and equipment	(22,396)	(20,783)
Other	(2,037)	(332)
Net cash utilized by investing activities	(24,433)	(21,115)
Cash flows from financing activities
Net proceeds from borrowings with original maturities of more than three months	0	492,528
Net proceeds (repayments) from short-term borrowings	23,622	(1,948)
Purchases of common stock	(58,320)	(95,597)
Stock option transactions	9,732	11,860
Excess tax benefits from stock-based compensation	1,868	2,592
Dividends paid	(34,297)	(27,292)
Net cash (utilized) provided by financing activities	(57,395)	382,143
Effect of exchange rate changes on cash	4,960	(2,391)
Increase in cash and cash equivalents	199,626	623,754
Cash and cash equivalents at beginning of year	727,796	636,045
Cash and cash equivalents at end of period	927,422	1,259,799
Cash paid during the period for:
Interest	31,223	14,771
Income taxes	$ 3,921	$ 23,395

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 27, 2011
Notes to Financial Statements [Abstract]
Basis of Presentation	(1) Basis of Presentation In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all normal and recurring adjustments necessary to present fairly the financial position of Hasbro, Inc. and all majority-owned subsidiaries (“Hasbro” or the “Company”) as of March 27, 2011 and March 28, 2010, and the results of its operations and cash flows for the periods then ended in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and notes thereto. Actual results could differ from those estimates. The quarters ended March 27, 2011 and March 28, 2010 are both 13-week periods. The results of operations for the quarter ended March 27, 2011 are not necessarily indicative of results to be expected for the full year, nor were those of the comparable 2010 period representative of those actually experienced for the full year 2010. These condensed consolidated financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and disclosures normally included in the consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The Company filed audited consolidated financial statements for the year ended December 26, 2010 in its Annual Report on Form 10-K, which includes all such information and disclosures and, accordingly, should be read in conjunction with the financial information included herein. The Company's accounting policies are the same as those described in Note 1 to the Company's consolidated financial statements in its Annual Report on Form 10-K for the fiscal year ended December 26, 2010. Certain amounts in the Company’s 2010 consolidated financial statements have been reclassified to conform to the 2011 presentation. Substantially all of the Company's inventories consist of finished goods.

Earnings Per Share

3 Months Ended

Mar. 27, 2011

Notes to Financial Statements [Abstract]

Earnings Per Share

(2) Earnings Per Share

Net earnings per share data for the fiscal quarters ended March 27, 2011 and March 28, 2010 were computed as follows:

	2011		2010
	-----------------		-----------------
	Basic -------	Diluted ---------	Basic -------	Diluted ----------
Net earnings	$ 17,196	17,196	58,943	58,943
Effect of dilutive securities:
Interest expense on contingent convertible
debentures due 2021, net of tax	-	-	-	1,017
	-----------	-----------	-----------	-----------
Adjusted net earnings	$ 17,196	17,196	58,943	59,960
	======	======	======	======

Average shares outstanding	137,645	137,645	137,320	137,320
Effect of dilutive securities:
Contingent convertible debentures
due 2021	-	-	-	10,989
Options and other share-based awards	-	3,308	-	2,973
	-----------	-----------	-----------	-----------
Equivalent shares	137,645	140,953	137,320	151,282
	======	======	======	======

Net earnings per common share	$ 0.12	0.12	0.43	0.40
	======	======	======	======

For the quarter ended March 28, 2010, the effect of the Company’s contingent convertible debt was dilutive and, accordingly, for the diluted earnings per share calculation, the numerator includes an adjustment to earnings to exclude the interest expense incurred for these debentures and the denominator includes an adjustment to include the shares issuable upon conversion. During the first and second quarter of 2010, all of these debentures were either converted into shares of common stock or redeemed and, accordingly, no adjustment is necessary for these debentures in the first quarter of 2011.

Options to acquire shares totaling 1,173 at March 27, 2011 and 2,327 at March 28, 2010 were excluded from the calculation of diluted earnings per share because to include them would have been antidilutive.

Financial Instruments

3 Months Ended

Mar. 27, 2011

Notes to Financial Statements [Abstract]

Financial Instruments

(4) Financial Instruments

Hasbro’s financial instruments include cash and cash equivalents, accounts receivable, marketable securities, short-term borrowings, accounts payable and certain accrued liabilities. At March 27, 2011, the carrying cost of these instruments approximated their fair value. The Company’s financial instruments at March 27, 2011 also include certain assets and liabilities measured at fair value (see Notes 6 and 8) as well as long-term borrowings. The carrying costs and fair values of the Company’s long-term borrowings as of March 27, 2011, March 28, 2010, and December 26, 2010 are as follows:

	March 27, 2011		March 28, 2010		Dec. 26, 2010
	--------------------		--------------------		------------------
	Carrying Cost	Fair Value	Carrying Cost	Fair Value	Carrying Cost	Fair Value
	-------	-------	-------	-------	-------	-------
6.125% Notes Due 2014	$ 436,800	465,545	430,589	466,735	437,786	462,698
6.30% Notes Due 2017	350,000	386,295	350,000	380,590	350,000	382,830
2.75% Convertible Debentures Due 2021	-	-	138,651	242,122	-	-
6.60% Debentures Due 2028	109,895	113,115	109,895	111,543	109,895	110,038
6.35% Notes Due 2040	500,000	498,800	500,000	491,900	500,000	499,900
	-------------	-----------	-------------	-----------	-------------	-----------
Total long-term debt	$1,396,695	1,463,755	1,529,135	1,692,890	1,397,681	1,455,466
	=======	=======	=======	=======	=======	=======

The carrying cost of the 6.125% Notes Due 2014 includes principal amounts of $425,000 as well as fair value adjustments of $11,800, $5,589, and $12,786 at March 27, 2011, March 28, 2010, and December 26, 2010, respectively, related to interest rate swaps. All other carrying costs represent principal amounts. Total principal amounts of long-term debt at March 27, 2011, March 28, 2011, and December 26, 2010 were each $1,384,895, $1,523,546, and $1,384,895, respectively.

The fair value of the convertible debt was based on an average of the prices of trades occurring around the balance sheet date. The fair value of the Company’s other long-term borrowings is measured using a combination of broker quotations when available and discounted future cash flows. The fair value of the interest rate swaps are measured based on the present value of future cash flows using the swap curve as of the date of valuation.

In March 2010 the Company issued $500,000 of Notes that are due in 2040 (the "Notes"). The Notes bear interest at a rate of 6.35%. 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.

The Company is party to a series of interest rate swap agreements which effectively adjust the interest rates on a portion of the Company’s long-term debt from fixed to variable. The interest rate swaps are matched with a portion of the 6.125% Notes Due 2014 and accounted for as fair value hedges of those notes. The interest rate swaps have a total notional amount of $400,000 with maturities in 2014 which match the maturity date of the related notes. In each of the contracts, the Company receives payments based upon a fixed interest rate of 6.125%, which matches the interest rate of the notes being hedged, and makes payments based upon a floating rate based on Libor. These contracts are designated and effective as hedges of the change in the fair value of the associated debt. At March 27, 2011, March 28, 2010 and December 26, 2010, the fair values of these contracts were $11,800, $5,589, and $12,786, respectively, which are recorded in other assets with a corresponding fair value adjustment to increase long-term debt. The Company recorded a loss of $(986) and a gain of $8,314 on these instruments in other (income) expense, net for the quarters ended March 27, 2011 and March 28, 2010, respectively, relating to the change in fair value of such derivatives, wholly offsetting losses from the change in fair value of the associated long-term debt, also included in other (income) expense.

At March 28, 2010, the Company had $138,651 outstanding in principal amount of contingent convertible debentures due 2021. If the closing price of the Company's common stock exceeded $23.76 for at least 20 trading days, within the 30 consecutive trading day period ending on the last trading day of the calendar quarter, the holders had the right to convert the notes to shares of the Company's common stock at the initial conversion price of $21.60 in the next calendar quarter. During the first quarter of 2010, holders of these debentures converted $111,177 of these debentures which resulted in the issuance of 5,147 shares of common stock. In addition, if the closing price of the Company's common stock exceeded $27.00 for at least 20 trading days in any thirty day period, the Company had the right to call the debentures by giving notice to the holders of the debentures. During a prescribed notice period following a call by the Company, the holders of the debentures had the right to convert their debentures in accordance with the conversion terms described above. On March 29, 2010, the Company gave notice of its election to redeem all of the outstanding debentures on April 29, 2010 at a redemption price to be paid in cash of $1,011.31 per $1,000 principal amount, which was equal to the par value thereof plus accrued and unpaid cash interest through April 29, 2010. During the notice period, $138,467 of the debentures were converted by the holders, resulting in the issuance of 6,410 shares of common stock. The remaining debentures were redeemed at a total cost of $186, which included accrued interest through the redemption date.

Income Taxes	3 Months Ended
Income Taxes	Mar. 27, 2011
Notes to Financial Statements [Abstract]
Income Taxes	(5) Income Taxes The Company and its subsidiaries file income tax returns in the United States and various state and international jurisdictions. In the normal course of business, the Company is regularly audited by U.S. federal, state and local and international tax authorities in various tax jurisdictions. The Company is no longer subject to U.S. federal income tax examinations for years before 2006. With few exceptions, the Company is no longer subject to U.S. state or local and non-U.S. income tax examinations by tax authorities in its major jurisdictions for years before 2004. The U.S. Internal Revenue Service has commenced an examination related to the 2006 and 2007 U.S. federal income tax returns. The Company is also under income tax examination in several U.S. state and local and non-U.S. jurisdictions. In connection with the Mexican tax examinations for the years 2000 to 2005, the Company has received tax assessments totaling approximately $191,900 (at March 27, 2011 exchange rates), which include interest, penalties and inflation updates, related to transfer pricing which the Company is vigorously defending. In order to continue the process of defending its position, the Company was required to guarantee the amount of the assessments for the years 2000 to 2003, as is usual and customary in Mexico with respect to these matters. Accordingly, as of March 27, 2011, bonds totaling approximately $127,390 (at March 27, 2011 exchange rates) have been provided to the Mexican government related to the 2000 to 2003 assessments, allowing the Company to defend its positions. The Company currently does not expect to be required to guarantee the amount of the 2004 or 2005 assessment. The Company expects to be successful in sustaining its position with respect to these assessments as well as similar positions that may be taken by the Mexican tax authorities for periods subsequent to 2005. The Company believes that it is reasonably possible that certain tax examinations may be concluded and statutes of limitations will expire within the next twelve months, and that liabilities for unrecognized tax benefits, inclusive of penalties and interest, may decrease by up to approximately $24,000. This may result in the recognition of an income tax benefit of up to $22,000 and the reversal of approximately $2,000 of deferred tax assets, dependent on the ultimate outcome of the tax examinations and expiration of statutes of limitations. The unrecognized tax benefits primarily relate to both the timing and the nature of the deductibility of certain expenses, as well as the tax treatment of certain subsidiary and other transactions.

Fair Value of Financial Instruments

3 Months Ended

Mar. 27, 2011

Notes to Financial Statements [Abstract]

Fair Value of Financial Instruments

(6) Fair Value of Financial Instruments

The Company measures certain financial instruments at fair value. The fair value hierarchy consists of three levels: Level 1 fair values are based on quoted market prices in active markets for identical assets or liabilities that the entity has the ability to access; Level 2 fair values are those based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities; and Level 3 fair values are based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Accounting standards permit entities to measure many financial instruments and certain other items at fair value and establish presentation and disclosure requirements designed to facilitate comparisons between entities that choose different measurement attributes for similar assets and liabilities. The Company has elected the fair value option for certain available-for-sale investments. At March 27, 2011, March 28, 2010, and December 26, 2010, these investments totaled $21,359, $20,850, and $21,767, respectively, and are included in prepaid expenses and other current assets in the consolidated balance sheet. The Company recorded net gains of $157 and $295 on these investments in other (income) expense, net for the quarters ended March 27, 2011 and March 28, 2010, respectively, related to the change in fair value of such investments.

At March 27, 2011, March 28, 2010 and December 26, 2010, the Company had the following assets measured at fair value in its consolidated balance sheets:

		Fair Value Measurements Using:
	Fair Value	Quoted Prices in Active Markets For Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
	--------	----------	----------	----------
March 27, 2011
---------------------
Available-for-sale securities	$ 21,387	28	21,359	-
Derivatives	(10,727)	-	(19,341)	8,614
	--------	-------	---------	-------
Total	$ 10,660	28	2,018	8,614
	=====	====	======	====
March 28, 2010
---------------------
Available-for-sale securities	$ 20,889	39	20,850	-
Derivatives	63,148	-	55,536	7,612
	--------	-------	---------	-------
Total	$ 84,037	39	76,386	7,612
	=====	====	======	====
December 26, 2010
---------------------
Available-for-sale securities	$ 21,791	24	21,767	-
Derivatives	38,092	-	28,937	9,155
	--------	-------	---------	-------
Total	$ 59,883	24	50,704	9,155
	=====	====	======	====

For a portion of the Company’s available-for-sale securities, the Company is able to obtain quoted prices from stock exchanges to measure the fair value of these securities. Certain other available-for-sale securities held by the Company are valued at the net asset value which is quoted on a private market that is not active; however, the unit price is predominantly based on underlying investments which are traded on an active market. The Company’s derivatives consist primarily of foreign currency forward contracts. The Company uses current forward rates of the respective foreign currencies to measure the fair value of these contracts. The Company’s derivatives also include interest rate swaps used to effectively adjust the interest rates on a portion of the Company’s long-term debt from fixed to variable. The fair values of the interest rate swaps are measured based on the present value of future cash flows using the swap curve as of the valuation date. The remaining derivative instruments consist of warrants to purchase common stock of two unrelated companies. The Company uses the Black-Scholes model to value these warrants. One of the inputs used in the Black-Scholes model, historical volatility, 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. There were no changes in these valuation techniques during 2011.

The following is a reconciliation of the beginning and ending balances of the fair value measurements of the Company’s warrants to purchase common stock that use significant unobservable inputs (Level 3):

	2011	2010
	---------	---------
Balance at beginning of year	$9,155	6,808
Gain (loss) from change in fair value	(541)	804
	--------	--------
Balance at end of first quarter	$8,614	7,612
	=====	=====

Pension, Postretirement and Postemployment Benefits

3 Months Ended

Mar. 27, 2011

Notes to Financial Statements [Abstract]

Pension, Postretirement and Postemployment Benefits

(7) Pension, Postretirement and Postemployment Benefits

The Company, except for certain international subsidiaries, has pension plans covering substantially all of its full-time employees. Substantially all United States employees are covered under at least one of several non-contributory defined benefit pension plans maintained by the Company. Benefits under the two major plans which principally cover non-union employees are based primarily on salary and years of service. One of these major plans is funded. Benefits under the remaining plans are based primarily on fixed amounts for specified years of service. Of these remaining plans, the plan covering union employees is also funded. Effective at the end of December 2007, the Company froze pension benefits being accrued for its non-union employees in the United States. Pension coverage for employees of Hasbro's international subsidiaries is provided, to the extent deemed appropriate, through separate defined benefit and defined contribution plans.

The components of the net periodic cost of the Company's defined benefit pension and other postretirement plans for the quarters ended March 27, 2011 and March 28, 2010 are as follows:

	Pension		Postretirement
	------------------		-------------------
	2011	2010	2011	2010
	-------	-------	-------	------ -
Service cost	$ 1,079	1,082	171	153
Interest cost	5,223	5,236	440	450
Expected return on assets	(6,249)	(6,144)	-	-
Net amortization and deferrals	1,295	1,095	18	-
	--------	--------	--------	--------
Net periodic benefit cost	$ 1,348	1,269	629	603
	=====	=====	=====	=====

In the first quarter of fiscal 2011, the Company made cash contributions to its defined benefit pension plans of approximately $1,800 in the aggregate. The Company expects to contribute approximately $5,400 during the remainder of fiscal 2011.

Derivative Financial Instruments

3 Months Ended

Mar. 27, 2011

Notes to Financial Statements [Abstract]

Derivative Financial Instruments

(8) Derivative Financial Instruments

Hasbro uses foreign currency forward contracts to mitigate the impact of currency rate fluctuations on firmly committed and projected future foreign currency transactions. These over-the-counter contracts, which hedge future currency requirements related to purchases of inventory and other cross-border transactions not denominated in the functional currency of the business unit, are primarily denominated in United States and Hong Kong dollars and Euros and are entered into with a number of counterparties, all of which are major financial institutions. The Company believes that a default by a single counterparty would not have a material adverse effect on the financial condition of the Company. Hasbro does not enter into derivative financial instruments for speculative purposes.

The Company also has warrants to purchase common stock of two unrelated companies that constitute and are accounted for as derivatives. For additional information related to these warrants see Note 6. In addition the Company is party to several interest rate swap agreements to effectively adjust the interest rates on a portion of the Company’s long-term debt from fixed to variable. For additional information related to these interest rate swaps see Note 4.

Cash Flow Hedges

----------------------------------

Hasbro uses foreign currency forward contracts to reduce the impact of currency rate fluctuations on firmly committed and projected future foreign currency transactions. All of the Company’s designated foreign currency forward contracts are considered to be cash flow hedges. These instruments hedge a portion of the Company’s currency requirements associated with anticipated inventory purchases and other cross-border transactions in 2011 and 2012.

At March 27, 2011, March 28, 2010 and December 26, 2010, the notional amounts and fair values of the Company’s foreign currency forward contracts designated as cash flow hedging instruments were as follows:

	March 27, 2011		March 28, 2010		Dec. 26, 2010
	----------------------		---------------------		------------------
Hedged transaction	Notional Amount	Fair Value	Notional Amount	Fair Value	Notional Amount	Fair Value
----------------------------	------------	---------	------------	---------	----------	---------
Inventory purchases	$ 598,637	(25,697)	333,838	37,366	593,953	11,074
Intercompany royalty transactions	173,760	(6,144)	124,405	13,283	179,308	5,344
Other	11,123	711	21,848	(701)	17,047	533
	------------	----------	------------	----------	-----------	----------
Total	$ 783,520	(31,130)	480,091	49,948	790,308	16,951
	=======	======	=======	======	======	======

The Company has a master agreement with each of its counterparties that allows for the netting of outstanding forward contracts. The fair values of the Company’s foreign currency forward contracts designated as cash flow hedges are recorded in the consolidated balance sheets at March 27, 2011, March 28, 2010, and December 26, 2010 as follows:

	Mar. 27, 2011	Mar. 28, 2010	Dec. 26, 2010
	-------------------	-------------------	-------------------
Prepaid expenses and other current assets
-----------------------------------------------------------
Unrealized gains	$ 3,977	26,666	24,710
Unrealized losses	(1,519)	(2,881)	(9,229)
	------------	------------	------------
Net unrealized gain	2,458	23,785	15,481
	------------	------------	------------
Other assets
---------------------
Unrealized gains	-	26,163	4,403
Unrealized losses	-	-	(2,933)
	------------	------------	------------
Net unrealized gain	-	26,163	1,470
	------------	------------	------------
Total asset derivatives	$ 2,458	49,948	16,951
	=======	=======	=======
Accrued expenses and other liabilities
-----------------------------------------------------------
Unrealized gains	$ 7,981	-	-
Unrealized losses	(19,992)	-	-
	------------	------------	------------
Net unrealized loss	(12,011)	-	-
	------------	------------	------------
Other long-term liabilities
-------------------------------------
Unrealized gains	17	-	-
Unrealized losses	(21,594)	-	-
	------------	------------	------------
Net unrealized loss	(21,577)	-	-
	------------	------------	------------
Total liability derivatives	$ (33,588)	-	-
	=======	=======	=======

During the quarters ended March 27, 2011 and March 28, 2010, the Company reclassified net gains from other comprehensive earnings to net earnings of $1,846 and $1,919, respectively. Of the amount reclassified during the quarter ended March 27, 2011, $1,024 was reclassified to cost of sales and $822 was reclassified to royalty expense. Of the amount reclassified during the quarter ended March 28, 2010, $1,112 and $807 were reclassified to cost of sales and royalty expense, respectively. In the first quarters of 2011 and 2010 there were no reclassifications to earnings as a result of hedge ineffectiveness. In the first quarter of 2011, the Company recognized a loss of approximately $3,700 in other (income) expense related to certain derivatives which no longer qualified for hedge accounting.

Undesignated Hedges

----------------------------------

The Company also enters into foreign currency forward contracts to minimize the impact of changes in the fair value of intercompany loans due to foreign currency changes. Due to the short-term nature of the derivative contracts involved, the Company does not use hedge accounting for these contracts. At March 27, 2011, March 28, 2010 and December 26, 2010, the total notional amounts of the Company’s undesignated derivative instruments were $24,573, $27,193 and $89,191, respectively.

At March 27, 2011, March 28, 2010, and December 26, 2010, the fair values of the Company’s undesignated derivative financial instruments were recorded in accrued liabilities in the consolidated balance sheets as follows:

	Mar. 27, 2011	Mar. 28, 2010	Dec. 26, 2010
	---------	---------	---------
Unrealized gains	$ 80	292	27
Unrealized losses	(91)	(293)	(827)
	--------	---------	---------
Net unrealized (loss) gain	$ (11)	(1)	(800)
	=====	=====	=====

The Company recorded net gains of $1,698 and $120 on these instruments to other (income) expense, net for the quarters ended March 27, 2011 and March 28, 2010, respectively, relating to the change in fair value of such derivatives, substantially offsetting gains and losses from the change in fair value of intercompany loans to which the contracts relate.

For additional information related to the Company’s derivative financial instruments see Notes 4 and 6.

Segment Reporting

3 Months Ended

Mar. 27, 2011

Notes to Financial Statements [Abstract]

Segment Reporting

(9) Segment Reporting

Hasbro is a worldwide leader in children’s and family leisure time products and services, including toys, games and licensed products ranging from traditional to high-tech and digital. The Company’s segments are (i) U.S. and Canada; (ii) International; (iii) Entertainment and Licensing; and (iv) Global Operations.

The U.S. and Canada segment includes the marketing and selling of boys’ action figures, vehicles and playsets, girls’ toys, electronic toys and games, plush products, preschool toys and infant products, electronic interactive products, toy-related specialty products, traditional board games and puzzles, DVD-based games and trading card and role-playing games within the United States and Canada. Within the International segment, the Company markets and sells both toy and certain game products in markets outside of the U.S. and Canada, primarily the European, Asia Pacific, and Latin and South American regions. The Company’s Entertainment and Licensing segment includes the Company’s lifestyle licensing, digital gaming, movie, television and online entertainment operations. The Global Operations segment is responsible for manufacturing and sourcing finished product for the Company’s U.S. and Canada and International segments.

Segment performance is measured at the operating profit level. Included in Corporate and eliminations are certain corporate expenses, the elimination of intersegment transactions and certain assets benefiting more than one segment. Intersegment sales and transfers are reflected in management reports at amounts approximating cost. Certain shared costs, including global product development and marketing expenses, are allocated to segments based upon foreign exchange rates fixed at the beginning of the year, with adjustments to actual foreign exchange rates included in Corporate and eliminations. The accounting policies of the segments are the same as those referenced in Note 1.

Results shown for the quarter are not necessarily representative of those which may be expected for the full year 2011, nor were those of the comparable 2010 periods representative of those actually experienced for the full year 2010. Similarly, such results are not necessarily those which would be achieved were each segment an unaffiliated business enterprise.

Information by segment and a reconciliation to reported amounts for the quarters ended March 27, 2011 and March 28, 2010 are as follows.

	2011		2010
	-----------------		-----------------
	External	Affiliate	External	Affiliate
Net revenues	-----------	----------	-----------	---------
U.S. and Canada	$ 391,152	3,525	424,710	2,724
International	254,332	83	221,719	24
Entertainment and Licensing	24,641	429	25,109	-
Global Operations (a)	1,861	251,855	833	246,060
Corporate and Eliminations	-	(255,892)	-	(248,808)
	------------	------------	------------	------------
	$ 671,986	-	672,371	-
	=======	=======	=======	=======


	2011	2010
	-------------	-------------
Operating profit (loss)
U.S. and Canada	$ 41,012	61,131
International	(1,733)	(2,430)
Entertainment and Licensing	5,431	9,366
Global Operations (a)	(7,209)	(2,728)
Corporate and Eliminations (b)	11,422	3,988
	----------	----------
	$ 48,923	69,327
	======	======

Total assets	March 27, 2011 -------------	March 28, 2010 --------------	Dec. 26, 2010 ------------
U.S. and Canada	$ 4,579,394	3,656,436	4,571,597
International	1,539,115	1,316,450	1,672,326
Entertainment and Licensing	905,640	740,867	861,971
Global Operations	1,573,368	1,006,218	1,542,896
Corporate and Eliminations (b)	(4,657,176)	(2,641,948)	(4,555,564)
	--------------	--------------	--------------
	$ 3,940,341	4,078,023	4,093,226
	========	========	========

(a) The Global Operations segment derives substantially all of its revenues, and thus its operating results, from intersegment activities.

(b) Certain intangible assets, primarily goodwill, which benefit multiple operating segments are reflected as Corporate assets for segment reporting purposes. In accordance with accounting standards related to impairment testing, these amounts have been allocated to the reporting unit which benefits from their use. In addition, allocations of certain expenses related to these assets to the individual operating segments are done at the beginning of the year based on budgeted amounts. Any difference between actual and budgeted amounts is reflected in Corporate and Eliminations.

The following table presents consolidated net revenues by class of principal products for the quarters ended March 27, 2011 and March 28, 2010. Effective at the beginning of fiscal 2011, the Company has reclassified certain of its products from the Boys category to the Preschool category. The table below presents the 2010 net revenues reclassified to reflect the 2011 product category classifications.

	2011	2010
	----------	---------
Boys	$ 290,232	232,122
Games and puzzles	200,352	227,024
Girls	113,156	129,385
Preschool	68,236	83,644
Other	10	196
	------------	------------
Net revenues	$ 671,986	672,371
	=======	=======

Entity Information - USD ($)	3 Months Ended
Entity Information - USD ($)	Mar. 27, 2011	Apr. 15, 2011	Jun. 25, 2010
Entity Registrant Name	HASBRO INC
Entity Central Index Key	0000046080
Current Fiscal Year End Date	--12-25
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 5,490,489,000
Entity Common Stock, Shares Outstanding		136,238,227
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q1

Consolidated Statements of Comprehensive Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 27, 2011	Mar. 28, 2010
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 17,196	$ 58,943
Other comprehensive loss	(9,912)	(2,588)
Total comprehensive earnings	$ 7,284	$ 56,355

Document Information	3 Months Ended
Document Information	Mar. 27, 2011
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 27, 2011