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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

Mattel’s financial assets and liabilities measured and reported at fair value on a recurring basis include the following:

		September 30, 2014
		Level 1				Level 2				Level 3				Total
		(In thousands)
Assets:
Foreign currency forward exchange contracts (a)		$	—			$	33,902			$	—			$	33,902
Auction rate security (b)			—				—				31,142				31,142
Total assets		$	—			$	33,902			$	31,142			$	65,044
Liabilities:
Foreign currency forward exchange contracts (a)		$	—			$	12,596			$	—			$	12,596

		September 30, 2013
		Level 1				Level 2				Level 3				Total
		(In thousands)
Assets:
Foreign currency forward exchange contracts (a)		$	—			$	3,370			$	—			$	3,370
Auction rate security (b)			—				—				26,758				26,758
Total assets		$	—			$	3,370			$	26,758			$	30,128
Liabilities:
Foreign currency forward exchange contracts (a)		$	—			$	15,108			$	—			$	15,108

		December 31, 2013
		Level 1				Level 2				Level 3				Total
		(In thousands)
Assets:
Foreign currency forward exchange contracts (a)		$	—			$	2,310			$	—			$	2,310
Auction rate security (b)			—				—				28,895				28,895
Total assets		$	—			$	2,310			$	28,895			$	31,205
Liabilities:
Foreign currency forward exchange contracts (a)		$	—			$	14,613			$	—			$	14,613

(a) The fair value of the foreign currency forward exchange contracts is based on dealer quotes of market forward rates and reflects the amount that Mattel would receive or pay at their maturity dates for contracts involving the same notional amounts, currencies, and maturity dates.

(b) The fair value of the auction rate security is estimated using a discounted cash flow model based on (i) estimated interest rates, timing, and amount of cash flows, (ii) credit spreads, recovery rates, and credit quality of the underlying securities, (iii) illiquidity considerations, and (iv) market correlation.

Reconciliation of Fair Value of Assets Measured Using Level 3 Inputs

The following table presents information about Mattel’s auction rate security measured and reported at fair value on a recurring basis using significant Level 3 inputs:

		Level 3
		(In thousands)
Balance at December 31, 2013		$	28,895
Unrealized gain			2,247
Balance at September 30, 2014		$	31,142

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

+ Details

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