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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Pre-tax Income

Consolidated pre-tax income consists of the following:

	For the Year
	2015				2014				2013
	(In thousands)
US operations	$	(3,435	)		$	39,149			$	231,372
Foreign operations	467,350				547,761				867,756
	$	463,915			$	586,910			$	1,099,128

Provision (Benefit) for Current and Deferred Income Taxes

The provision (benefit) for current and deferred income taxes consists of the following:

	For the Year
	2015				2014				2013
	(In thousands)
Current
Federal	$	(1,405	)		$	(25,075	)		$	38,227
State	1,946				(2,029		)		6,447
Foreign	89,825				106,998				130,878
	90,366				79,894				175,552
Deferred
Federal	(3,802		)		21,987				30,342
State	(2,200		)		8,233				(512		)
Foreign	10,135				(22,078		)		(10,198		)
	4,133				8,142				19,632
Provision for income taxes	$	94,499			$	88,036			$	195,184

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,
	2015				2014
	(In thousands)
Allowances and reserves	$	211,538			$	233,434
Research and development expenses	191,057				189,694
Loss carryforwards	150,270				172,347
Deferred compensation	98,832				91,530
Tax credit carryforwards	50,309				54,674
Postretirement benefits	48,648				50,235
Intangible assets	14,035				30,803
Other	71,453				68,604
Gross deferred income tax assets	836,142				891,321
Intangible assets	(305,818		)		(298,444		)
Other	(2,905		)		(3,868		)
Gross deferred income tax liabilities	(308,723		)		(302,312		)
Deferred income tax asset valuation allowances	(77,334		)		(133,297		)
Net deferred income tax assets	$	450,085			$	455,712

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,
	2015				2014
	(In thousands)
Prepaid expenses and other current assets	$	195,804			$	195,841
Other noncurrent assets	317,391				385,434
Accrued liabilities	(43		)		(181		)
Other noncurrent liabilities	(63,067		)		(125,382		)
	$	450,085			$	455,712

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)
2016 – 2020	$	76,686			$	684
Thereafter	316,722				45,682
No expiration date	247,200				3,943
Total	$	640,608			$	50,309

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
	2015				2014				2013
	(In thousands)
Provision at US federal statutory rate	$	162,370			$	205,419			$	384,695
(Decrease) increase resulting from:
Foreign earnings taxed at different rates, including withholding taxes	(56,877		)		(107,409		)		(165,768		)
Foreign losses without income tax benefit	5,843				20,140				3,215
State and local taxes, net of US federal benefit	482				3,760				4,854
Adjustments to previously accrued taxes	(19,134		)		(55,026		)		(32,200		)
Tax restructuring	—				12,400				—
Other	1,815				8,752				388
Provision for income taxes	$	94,499			$	88,036			$	195,184

Reconciliation of Unrecognized Tax Benefits

A reconciliation of unrecognized tax benefits is as follows:

	For the Year
	2015				2014				2013
	(In thousands)
Unrecognized tax benefits at January 1	$	100,357			$	111,370			$	285,560
Increases for positions taken in current year	5,724				9,886				12,997
Increases for positions taken in a prior year	22,584				53,221				14,289
Decreases for positions taken in a prior year	(4,242		)		(51,421		)		(186,555		)
Decreases for settlements with taxing authorities	(3,577		)		(9,493		)		(5,135		)
Decreases for lapses in the applicable statute of limitations	(2,747		)		(13,206		)		(9,786		)
Unrecognized tax benefits at December 31	$	118,099			$	100,357			$	111,370

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