XML 32 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Employee Benefit Plans
9 Months Ended
Sep. 30, 2017
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
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 2016 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
 
For the Nine Months Ended
 
September 30,
2017
 
September 30,
2016
 
September 30,
2017
 
September 30,
2016
 
(In thousands)
Service cost
$
1,198

 
$
1,609

 
$
3,441

 
$
4,293

Interest cost
4,479

 
6,107

 
13,370

 
18,407

Expected return on plan assets
(5,768
)
 
(6,393
)
 
(17,253
)
 
(19,309
)
Amortization of prior service cost
8

 
8

 
23

 
23

Recognized actuarial loss
1,823

 
1,732

 
5,464

 
5,194

Settlement loss

 
1,495

 

 
1,495

 
$
1,740

 
$
4,558

 
$
5,045

 
$
10,103


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 Nine Months Ended
 
September 30,
2017
 
September 30,
2016
 
September 30,
2017
 
September 30,
2016
 
(In thousands)
Service cost
$

 
$
13

 
$
1

 
$
39

Interest cost
203

 
286

 
609

 
857

Recognized actuarial loss
37

 
37

 
112

 
111

 
$
240

 
$
336

 
$
722

 
$
1,007


During the nine months ended September 30, 2017, Mattel made cash contributions totaling approximately $3 million and $1 million related to its defined benefit pension and postretirement benefit plans, respectively. During the remainder of 2017, Mattel expects to make additional cash contributions of approximately $6 million.