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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Summary of Retirement Plan Expense

A summary of retirement plan expense is as follows:

	For the Year
	2015				2014				2013
	(In thousands)
Defined contribution retirement plans	$	40,673			$	43,819			$	43,694
Defined benefit pension plans	14,779				18,124				30,747
Deferred compensation and excess benefit plans	225				4,840				9,298
Postretirement benefit plans	1,396				1,461				2,245
	$	57,073			$	68,244			$	85,984

Summary of Components of Net Periodic Benefit Cost

A summary of the components of Mattel’s net periodic benefit cost and other changes in plan assets and benefit obligations recognized in other comprehensive income for the years ended December 31 is as follows:

	Defined Benefit Pension Plans												Postretirement Benefit Plans
	2015				2014				2013				2015				2014				2013
	(In thousands)
Net periodic benefit cost:
Service cost	$	6,105			$	7,515			$	12,982			$	54			$	67			$	82
Interest cost	26,007				27,708				25,580				1,194				1,377				1,585
Expected return on plan assets	(29,850		)		(31,833		)		(29,786		)		—				—				—
Amortization of prior service credit	(465		)		(1,037		)		(1,057		)		—				—				—
Recognized actuarial loss	15,168				15,771				21,193				148				17				578
Settlement loss	6,453				—				1,835				—				—				—
Curtailment gain	(8,639		)		—				—				—				—				—
Net periodic benefit cost	$	14,779			$	18,124			$	30,747			$	1,396			$	1,461			$	2,245
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net actuarial (gain) loss	$	(8,813	)		$	48,502			$	(95,744	)		$	(3,130	)		$	(2,205	)		$	3,470
Prior service cost	8,691				20				—				—				—				—
Amortization of prior service credit	465				1,037				1,057				—				—				—
Total recognized in other comprehensive income (a)	$	343			$	49,559			$	(94,687	)		$	(3,130	)		$	(2,205	)		$	3,470
Total recognized in net periodic benefit cost and other comprehensive income	$	15,122			$	67,683			$	(63,940	)		$	(1,734	)		$	(744	)		$	5,715

(a) Amounts exclude related tax expense (benefit) of $1.1 million, $(17.8) million, and $32.5 million, during 2015, 2014, and 2013, respectively, which are also included in other comprehensive income.

Summary of Summary of Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income

A summary of the components of Mattel’s net periodic benefit cost and other changes in plan assets and benefit obligations recognized in other comprehensive income for the years ended December 31 is as follows:

	Defined Benefit Pension Plans												Postretirement Benefit Plans
	2015				2014				2013				2015				2014				2013
	(In thousands)
Net periodic benefit cost:
Service cost	$	6,105			$	7,515			$	12,982			$	54			$	67			$	82
Interest cost	26,007				27,708				25,580				1,194				1,377				1,585
Expected return on plan assets	(29,850		)		(31,833		)		(29,786		)		—				—				—
Amortization of prior service credit	(465		)		(1,037		)		(1,057		)		—				—				—
Recognized actuarial loss	15,168				15,771				21,193				148				17				578
Settlement loss	6,453				—				1,835				—				—				—
Curtailment gain	(8,639		)		—				—				—				—				—
Net periodic benefit cost	$	14,779			$	18,124			$	30,747			$	1,396			$	1,461			$	2,245
Other changes in plan assets and benefit obligations recognized in other comprehensive income:
Net actuarial (gain) loss	$	(8,813	)		$	48,502			$	(95,744	)		$	(3,130	)		$	(2,205	)		$	3,470
Prior service cost	8,691				20				—				—				—				—
Amortization of prior service credit	465				1,037				1,057				—				—				—
Total recognized in other comprehensive income (a)	$	343			$	49,559			$	(94,687	)		$	(3,130	)		$	(2,205	)		$	3,470
Total recognized in net periodic benefit cost and other comprehensive income	$	15,122			$	67,683			$	(63,940	)		$	(1,734	)		$	(744	)		$	5,715

(a) Amounts exclude related tax expense (benefit) of $1.1 million, $(17.8) million, and $32.5 million, during 2015, 2014, and 2013, respectively, which are also included in other comprehensive income.

Assumptions Used to Calculate Net Periodic Benefit Cost for Domestic Defined Benefit Pension and Postretirement Benefit Plans

Net periodic benefit cost for Mattel’s domestic defined benefit pension and postretirement benefit plans was calculated on January 1 of each year using the following assumptions:

	For the Year
	2015			2014			2013
Defined benefit pension plans:
Discount rate	3.8	%		4.7	%		4.0	%
Weighted average rate of future compensation increases	3.8	%		3.8	%		3.8	%
Long-term rate of return on plan assets	(a)			8.0	%		8.0	%
Postretirement benefit plans:
Discount rate	3.8	%		4.7	%		4.0	%
Annual increase in Medicare Part B premium	6.0	%		6.0	%		6.0	%
Health care cost trend rate:
Pre-65	7.5	%		8.5	%		8.5	%
Post-65	8.8	%		7.5	%		7.5	%
Ultimate cost trend rate:
Pre-65	4.5	%		6.1	%		6.1	%
Post-65	4.5	%		5.4	%		5.4	%
Year that the rate reaches the ultimate cost trend rate:
Pre-65	2023			2030			2030
Post-65	2024			2030			2030

(a) A long-term rate of return on plan assets of 7.5% was used for the first half of 2015. A long-term rate of return on plan assets of 6.8% was used for the second half of 2015, resulting from a change in the plans' target asset allocation.

Summary of Changes in Benefit Obligation and Plan Assets for Defined Benefit Pension and Postretirement Benefit Plans

A summary of the changes in benefit obligation and plan assets is as follows:

	Defined Benefit Pension Plans								Postretirement Benefit Plans
	2015				2014				2015				2014
	(In thousands)
Change in Benefit Obligation:
Benefit obligation, beginning of year	$	677,641			$	616,938			$	34,402			$	37,914
Service cost	6,105				7,515				54				67
Interest cost	26,007				27,708				1,194				1,377
Impact of currency exchange rate changes	(11,016		)		(10,673		)		—				—
Actuarial (gain) loss	(14,604		)		75,839				(2,981		)		(2,188		)
Benefits paid	(67,994		)		(39,686		)		(2,253		)		(2,768		)
Plan amendments	(4,649		)		—				—				—
Benefit obligation, end of year	$	611,490			$	677,641			$	30,416			$	34,402
Change in Plan Assets:
Plan assets at fair value, beginning of year	$	475,940			$	456,445			$	—			$	—
Actual return on plan assets	(690		)		43,804				—				—
Employer contributions	33,353				21,596				2,253				2,768
Impact of currency exchange rate changes	(5,335		)		(6,219		)		—				—
Benefits paid	(67,994		)		(39,686		)		(2,253		)		(2,768		)
Plan assets at fair value, end of year	$	435,274			$	475,940			$	—			$	—
Net Amount Recognized in Consolidated Balance Sheets:
Funded status, end of year	$	(176,216	)		$	(201,701	)		$	(30,416	)		$	(34,402	)
Current accrued benefit liability	(7,416		)		(2,540		)		(3,300		)		(3,600		)
Noncurrent accrued benefit liability	(168,800		)		(199,161		)		(27,116		)		(30,802		)
Total accrued benefit liability	$	(176,216	)		$	(201,701	)		$	(30,416	)		$	(34,402	)
Amounts Recognized in Accumulated Other Comprehensive Loss (a):
Net actuarial loss	$	244,780			$	253,593			$	1,784			$	4,914
Prior service cost (credit)	120				(9,036		)		—				—
	$	244,900			$	244,557			$	1,784			$	4,914

(a) Amounts exclude related tax benefits of $86.8 million and $88.0 million for December 31, 2015 and 2014, respectively, which are also included in accumulated other comprehensive loss.

Assumptions Used to Determine Projected and Accumulated Benefit Obligations of Domestic Defined Benefit Pension and Postretirement Benefit Plans

The assumptions used in determining the projected and accumulated benefit obligations of Mattel’s domestic defined benefit pension and postretirement benefit plans are as follows:

	December 31,
	2015			2014
Defined benefit pension plans:
Discount rate	4.2	%		3.8	%
Weighted average rate of future compensation increases	3.8	%		3.8	%
Postretirement benefit plans:
Discount rate	4.2	%		3.8	%
Annual increase in Medicare Part B premium	6.0	%		6.0	%
Health care cost trend rate:
Pre-65	7.0	%		7.5	%
Post-65	8.3	%		8.8	%
Ultimate cost trend rate:
Pre-65	4.5	%		4.5	%
Post-65	4.5	%		4.5	%
Year that the rate reaches the ultimate cost trend rate:
Pre-65	2023			2023
Post-65	2024			2024

Estimated Future Benefit Payments for Defined Benefit Pension and Postretirement Benefit Plans

The estimated future benefit payments for Mattel’s defined benefit pension and postretirement benefit plans are as follows:

	Defined Benefit Pension Plans				Postretirement Benefit Plans
	(In thousands)
2016	$	37,588			$	3,300
2017	39,477				3,100
2018	38,114				3,100
2019	35,783				3,100
2020	36,547				2,900
2021 – 2025	182,695				13,400

Plan Assets Measured and Reported in Financial Statements at Fair Value

Mattel’s defined benefit pension plan assets are measured and reported in the financial statements at fair value using inputs, which are more fully described in “Note 10 to the Consolidated Financial Statements—Fair Value Measurements,” as follows:

	December 31, 2015
	Level 1				Level 2				Level 3				Total
	(In thousands)
Collective trust funds:
US equity securities	$	—			$	86,466			$	—			$	86,466
International equity securities	—				255,694				—				255,694
International fixed income	—				44,118				—				44,118
US government and US government agency securities	—				1,540				—				1,540
US corporate debt instruments	—				31,254				—				31,254
International corporate debt instruments	—				5,612				—				5,612
Mutual funds	567				—				—				567
Other	—				10,023				—				10,023
Total	$	567			$	434,707			$	—			$	435,274

	December 31, 2014
	Level 1				Level 2				Level 3				Total
	(In thousands)
Collective trust funds:
US equity securities	$	—			$	174,027			$	—			$	174,027
International equity securities	—				166,432				—				166,432
International fixed income	—				47,260				—				47,260
US government and US government agency securities	—				36,531				—				36,531
US corporate debt instruments	—				24,628				—				24,628
International corporate debt instruments	—				4,700				—				4,700
Mutual funds	561				15,000				—				15,561
Other	—				6,801				—				6,801
Total	$	561			$	475,379			$	—			$	475,940

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