XML 112 R26.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Pre-tax Income | Consolidated pre-tax income consists of the following:
|  | For the Year |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
US operations |  | $ | 39,149 |  |  | $ | 231,372 |  |  | $ | 104,707 |
Foreign operations |  |  | 547,761 |  |  |  | 867,756 |  |  |  | 840,338 |
|  | $ | 586,910 |  |  | $ | 1,099,128 |  |  | $ | 945,045 |
Provision (Benefit) for Current and Deferred Income Taxes | The provision (benefit) for current and deferred income taxes consists of the following:
|  | For the Year |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Current |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (25,075 | ) |  | $ | 38,227 |  |  | $ | 69,639 |
State |  |  | (2,029 | ) |  |  | 6,447 |  |  |  | 8,660 |
Foreign |  |  | 106,998 |  |  |  | 130,878 |  |  |  | 126,465 |
|  |  | 79,894 |  |  |  | 175,552 |  |  |  | 204,764 |
Deferred |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 21,987 |  |  |  | 30,342 |  |  |  | (26,489 | )
State |  |  | 8,233 |  |  |  | (512 | ) |  |  | 520 |
Foreign |  |  | (22,078 | ) |  |  | (10,198 | ) |  |  | (10,214 | )
|  |  | 8,142 |  |  |  | 19,632 |  |  |  | (36,183 | )
Provision for income taxes |  | $ | 88,036 |  |  | $ | 195,184 |  |  | $ | 168,581 |
Deferred Income Tax Assets (Liabilities) | Deferred income taxes are provided principally for tax credit carryforwards, research and development expenses, net operating loss carryforwards, employee compensation-related expenses, and certain other reserves that are recognized in different years for financial statement and income tax reporting purposes. Mattel’s deferred income tax assets (liabilities) are composed of the following:
|  | December 31, |
|  | 2014 |  |  | 2013 |
|  | (In thousands) |
Tax credit carryforwards |  | $ | 54,674 |  |  | $ | 77,396 |
Research and development expenses |  |  | 189,694 |  |  |  | 187,477 |
Loss carryforwards |  |  | 172,347 |  |  |  | 124,201 |
Allowances and reserves |  |  | 233,434 |  |  |  | 202,141 |
Deferred compensation |  |  | 91,530 |  |  |  | 111,850 |
Postretirement benefits |  |  | 50,235 |  |  |  | 37,479 |
Intangible assets |  |  | 30,803 |  |  |  | — |
Other |  |  | 68,604 |  |  |  | 66,599 |
Gross deferred income tax assets |  |  | 891,321 |  |  |  | 807,143 |
Intangible assets |  |  | (298,444 | ) |  |  | (282,737 | )
Other |  |  | (3,868 | ) |  |  | (5,555 | )
Gross deferred income tax liabilities |  |  | (302,312 | ) |  |  | (288,292 | )
Deferred income tax asset valuation allowances |  |  | (133,297 | ) |  |  | (64,641 | )
Net deferred income tax assets |  | $ | 455,712 |  |  | $ | 454,210 |
Balance Sheet Classification of Deferred Income Tax Assets (Liabilities) | Net deferred income tax assets are reported in the consolidated balance sheets as follows:
|  | December 31, |
|  | 2014 |  |  | 2013 |
|  | (In thousands) |
Prepaid expenses and other current assets |  | $ | 195,841 |  |  | $ | 195,872 |
Other noncurrent assets |  |  | 385,434 |  |  |  | 373,638 |
Accrued liabilities |  |  | (181 | ) |  |  | (109 | )
Other noncurrent liabilities |  |  | (125,382 | ) |  |  | (115,191 | )
|  | $ | 455,712 |  |  | $ | 454,210 |
Expiration of Loss and Tax Credit Carryforwards | Mattel’s loss and tax credit carryforwards expire in the following periods:
|  | Loss Carryforwards |  |  | Tax Credit Carryforwards |
|  | (In thousands) |
2015 – 2019 |  | $ | 251,698 |  |  | $ | 25,620 |
Thereafter |  |  | 376,764 |  |  |  | 42,890 |
No expiration date |  |  | 241,478 |  |  |  | 3,959 |
Total |  | $ | 869,940 |  |  | $ | 72,469 |
Reconciliation of Provision for Income Taxes at US Federal Statutory Rate to Provision in Statements of Operations | Differences between the provision for income taxes at the US federal statutory income tax rate and the provision in the consolidated statements of operations are as follows:
|  | For the Year |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Provision at US federal statutory rate |  | $ | 205,419 |  |  | $ | 384,695 |  |  | $ | 330,766 |
(Decrease) increase resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Foreign earnings taxed at different rates, including withholding taxes |  |  | (107,409 | ) |  |  | (165,768 | ) |  |  | (157,488 | )
Foreign losses without income tax benefit |  |  | 20,140 |  |  |  | 3,215 |  |  |  | 1,047 |
State and local taxes, net of US federal benefit |  |  | 3,760 |  |  |  | 4,854 |  |  |  | 6,856 |
Adjustments to previously accrued taxes |  |  | (55,026 | ) |  |  | (32,200 | ) |  |  | (16,000 | )
Tax restructuring |  |  | 12,400 |  |  |  | — |  |  |  | — |
Other |  |  | 8,752 |  |  |  | 388 |  |  |  | 3,400 |
Provision for income taxes |  | $ | 88,036 |  |  | $ | 195,184 |  |  | $ | 168,581 |
Reconciliation of Unrecognized Tax Benefits | A reconciliation of unrecognized tax benefits is as follows:
|  | For the Year |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Unrecognized tax benefits at January 1 |  | $ | 111,370 |  |  | $ | 285,560 |  |  | $ | 262,560 |
Increases for positions taken in current year |  |  | 9,886 |  |  |  | 12,997 |  |  |  | 14,800 |
Increases for positions taken in a prior year |  |  | 53,221 |  |  |  | 14,289 |  |  |  | 21,030 |
Decreases for positions taken in a prior year |  |  | (51,421 | ) |  |  | (186,555 | ) |  |  | (700 | )
Decreases for settlements with taxing authorities |  |  | (9,493 | ) |  |  | (5,135 | ) |  |  | (800 | )
Decreases for lapses in the applicable statute of limitations |  |  | (13,206 | ) |  |  | (9,786 | ) |  |  | (11,330 | )
Unrecognized tax benefits at December 31 |  | $ | 100,357 |  |  | $ | 111,370 |  |  | $ | 285,560 |

X
- Definition Tabular disclosure of the balance sheet classification of deferred income tax assets and liabilities. + References No definition available. + Details
Name: | mat_BalanceSheetClassificationOfDeferredIncomeTaxAssetsLiabilitiesTableTextBlock
Namespace Prefix: | mat_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of federal and foreign loss carryforwards and tax credit carryforwards available to reduce future taxable income, including amounts and expiration dates. + References No definition available. + Details
Name: | mat_SummaryOfLossAndTaxCreditCarryforwardsTableTextBlock
Namespace Prefix: | mat_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration