XML 33 R23.htm IDEA: XBRL DOCUMENT v3.19.1
Employee Benefit Plans
3 Months Ended
Mar. 31, 2019
Retirement Benefits [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 2018 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,
2019
 
March 31,
2018
 
(In thousands)
Service cost
$
956

 
$
1,084

Interest cost
4,840

 
4,642

Expected return on plan assets
(5,444
)
 
(5,674
)
Amortization of prior service cost
16

 
8

Recognized actuarial loss
1,833

 
2,397

Settlement loss

 
42


$
2,201

 
$
2,499


A summary of the components of net periodic benefit credit for Mattel's postretirement benefit plans is as follows:
 
For the Three Months Ended
 
March 31,
2019
 
March 31,
2018
 
(In thousands)
Interest cost
$
50

 
$
52

Amortization of prior service credit
(509
)
 
(509
)
Recognized actuarial gain
(96
)
 
(80
)

$
(555
)
 
$
(537
)

During the three months ended March 31, 2019, Mattel made cash contributions totaling approximately $1 million related to its defined benefit pension and postretirement benefit plans. During the remainder of 2019, Mattel expects to make additional cash contributions of approximately $5 million.