Employee Benefit Plans

3 Months Ended

Mar. 31, 2018

Compensation and Retirement Disclosure [Abstract]

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 2017 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, 2018			March 31, 2017
	(In thousands)
Service cost	$	1,084		$	1,166
Interest cost	4,642			5,320
Expected return on plan assets	(5,674		)	(5,733		)
Amortization of prior service cost	8			8
Recognized actuarial loss	2,397			1,820
Settlement loss	42			—
	$	2,499		$	2,581

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, 2018			March 31, 2017
	(In thousands)
Service cost	$	—		$	1
Interest cost	52			255
Amortization of prior service credit	(509		)	—
Recognized actuarial (gain) loss	(80		)	37
	$	(537	)	$	293

In accordance with ASU 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which went into effect for interim and annual reporting periods beginning on January 1, 2018, Mattel's service cost component is recorded within operating income, presented in the same line items as other employee compensation costs arising from employee services rendered in the period, while other components of net periodic pension cost and postretirement benefit cost are recorded outside of income from operations, presented in other non-operating (income) expense, net. Prior period amounts have been retrospectively adjusted, which resulted in a reclassification of $1.4 million of expense from other selling and administrative expenses to other non-operating income/expense, net.

During the three months ended March 31, 2018, Mattel made cash contributions totaling approximately $2 million related to its defined benefit pension and postretirement benefit plans. During the remainder of 2018, Mattel expects to make additional cash contributions of approximately $17 million.