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Restructuring Charges

12 Months Ended

Dec. 31, 2018

Restructuring and Related Activities [Abstract]

Restructuring Charges

Restructuring Charges

During the third quarter of 2017, Mattel initiated its Structural Simplification cost savings program and expects to exceed $650 million in cost savings by 2020.

The major initiatives of the Structural Simplification cost savings program include:

• Reducing manufacturing complexity, including SKU reduction, and implementing process improvement initiatives at owned and co-manufacturing facilities;

• Streamlining the organizational structure and reducing headcount expense to better align with the revenue base, and

• Optimizing advertising spend.

The following table summarizes Mattel's severance and other restructuring costs activity for the year ended December 31, 2018:

	Liability at December 31, 2017				Charges				Payments/Utilization				Liability at December 31, 2018
	(In thousands)
Severance	$	29,794			$	62,870			$	(64,994	)		$	27,670
Other restructuring costs (a)	5,394				46,960				(38,632		)		13,722
	$	35,188			$	109,830			$	(103,626	)		$	41,392

(a) Consists primarily of consulting fees.

To date, Mattel has recorded cumulative severance and other restructuring charges of $155.0 million and expects to incur total charges of approximately $200 million related to the Structural Simplification cost savings program.

In connection with the Structural Simplification cost savings program, Mattel recorded severance and other restructuring costs in the following cost and expense categories within the consolidated statements of operations:

	For the Year Ended
	December 31, 2018				December 31, 2017
	(In thousands)
Cost of sales (a)	$	5,741			$	—
Other selling and administrative (b)	104,089				45,126
	$	109,830			$	45,126

(a) Severance and other restructuring costs recorded within cost of sales include plant restructuring charges.

(b) Severance and other restructuring costs recorded within other selling and administrative expenses in the consolidated statements of operations are included in corporate and other expense in "Note 13 to the Consolidated Financial Statements—Segment Information."

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-URI http://asc.fasb.org/topic&trid=2175745

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