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Employee Benefit Plans
 3 Months Ended
Mar. 31, 2015
Employee Benefit Plans
15. Employee Benefit Plans

Mattel and certain of its subsidiaries have qualified and nonqualified retirement plans covering substantially all employees of these companies, which are more fully described in Part II, Item 8 “Financial Statements and Supplementary Data–Note 4 to the Consolidated Financial Statements–Employee Benefit Plans” in its 2014 Annual Report on Form 10-K.

 

A summary of the components of net periodic benefit cost for Mattel’s defined benefit pension plans is as follows:

 

          For the Three Months Ended  
          March 31,
2015		     March 31,
2014		  
          (In thousands)  

Service cost

       $ 2,178      $ 2,597   

Interest cost

         6,272        6,941   

Expected return on plan assets

         (7,633 )      (8,003 ) 

Amortization of prior service credit

         (264 )      (264 ) 

Recognized actuarial loss

         4,892        3,587   
     

 

 

    

 

 

  
$ 5,445    $ 4,858   
     

 

 

    

 

 

  

A summary of the components of net periodic benefit cost for Mattel’s postretirement benefit plans is as follows:

 

         For the Three Months Ended  
         March 31,
2015		      March 31,
2014		  
         (In thousands)  

Service cost

      $ 21       $ 20   

Interest cost

        313         452   

Recognized actuarial loss

        39         75   
    

 

 

     

 

 

  
$ 373    $ 547   
    

 

 

     

 

 

  

During the three months ended March 31, 2015, Mattel made cash contributions totaling approximately $8 million related to its defined benefit pension and postretirement benefit plans. During 2015, Mattel expects to make additional cash contributions of approximately $29 million, including approximately $22 million of expected lump sum benefit payments for its unfunded plans.