Employee Benefit Plans

6 Months Ended

Jun. 30, 2015

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 (credit)/cost for Mattel’s defined benefit pension plans is as follows:


	For the Three Months Ended						For the Six Months Ended
	June 30, 2015			June 30, 2014			June 30, 2015			June 30, 2014
	(In thousands)
Service cost	$	2,186		$	2,715		$	4,364		$	5,312
Interest cost		6,260			6,978			12,532			13,919
Expected return on plan assets		(7,640	)		(8,020	)		(15,273	)		(16,023	)
Amortization of prior service credit		(264	)		(264	)		(528	)		(528	)
Recognized actuarial loss		4,889			3,589			9,781			7,176
Curtailment gain		(8,639	)		—			(8,639	)		—

	$	(3,208	)	$	4,998		$	2,237		$	9,856

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


	For the Three Months Ended				For the Six Months Ended
	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
	(In thousands)
Service cost	$	21	$	20	$	42	$	40
Interest cost		313		452		626		904
Recognized actuarial loss		38		75		77		150

	$	372	$	547	$	745	$	1,094

During the six months ended June 30, 2015, Mattel made cash contributions totaling approximately $8 million and $1 million related to its defined benefit pension and postretirement benefit plans, respectively. During 2015, Mattel expects to make additional cash contributions of approximately $28 million, including approximately $22 million of expected lump sum benefit payments for its unfunded plans.