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Derivative Instruments
 6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative InstrumentsMattel seeks to mitigate its exposure to foreign currency transaction risk by monitoring its foreign currency transaction exposure for the year and partially hedging such exposure using foreign currency forward exchange contracts. Mattel uses foreign currency forward exchange contracts as cash flow hedges primarily to hedge its purchases and sales of inventory denominated in foreign currencies. These contracts generally have maturity dates of up to 18 months. These derivative instruments have been designated as effective cash flow hedges, whereby the unsettled hedges are reported in Mattel's consolidated balance sheets at fair value, with changes in the fair value of the hedges reflected in other comprehensive income ("OCI"). Realized gains and losses for these contracts are recorded in the consolidated statements of operations in the period in which the inventory is sold to customers. Mattel also uses foreign currency forward exchange contracts to hedge intercompany loans and advances denominated in foreign currencies. Due to the short-term nature of the contracts involved, Mattel does not use hedge accounting for these contracts, and as such, changes in fair value are recorded in the period of change in the consolidated statements of operations. Additionally, Mattel utilizes derivative contracts to hedge commodities including certain raw materials. As of June 30, 2020, June 30, 2019, and December 31, 2019, Mattel held foreign currency forward exchange contracts and other commodity derivative instruments, with notional amounts of $1.17 billion, $1.06 billion, and $742.0 million, respectively.
The following tables present Mattel's derivative assets and liabilities:
 Derivative Assets
 Fair ValueBalance Sheet Classification
 June 30,
2020		June 30,
2019		December 31,
2019
(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange contracts and other$11,731  $13,620  $10,227  Prepaid expenses and other current assets
Foreign currency forward exchange contracts and other1,237  2,573  715  Other noncurrent assets
Total derivatives designated as hedging instruments$12,968  $16,193  $10,942  
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts and other$786  $929  $4,060  Prepaid expenses and other current assets
$13,754  $17,122  $15,002  
 Derivative Liabilities
 Fair ValueBalance Sheet Classification
 June 30,
2020		June 30,
2019		December 31,
2019
(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange contracts and other$1,973  $949  $2,500  Accrued liabilities
Foreign currency forward exchange contracts and other1,241  363  213  Other noncurrent liabilities
Total derivatives designated as hedging instruments$3,214  $1,312  $2,713  
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts and other$5,280  $467  $263  Accrued liabilities
Foreign currency forward exchange contracts and other185  —  —  Other noncurrent liabilities
Total derivatives not designated as hedging instruments$5,465  $467  $263  
$8,679  $1,779  $2,976  
The following tables present the classification and amount of gains and losses, net of tax, from derivatives reported in the consolidated statements of operations:
For the Three Months Ended
 June 30, 2020June 30, 2019Statements of
Operations
Classification
 Amount of Gain Recognized in OCIAmount of Gain Reclassified from Accumulated OCI to Statement of OperationsAmount of Gain Recognized in OCIAmount of Gain Reclassified from Accumulated OCI to Statement of Operations
 (In thousands) 
Derivatives designated as hedging instruments
Foreign currency forward exchange contracts and other$4,704  $3,699  $3,254  $2,492  Cost of sales
For the Six Months Ended
June 30, 2020June 30, 2019
Amount of Gain Recognized in OCIAmount of Gain Reclassified from Accumulated OCI to Statement of OperationsAmount of Gain Recognized in OCIAmount of Gain Reclassified from Accumulated OCI to Statement of OperationsStatements of
Operations
Classification
(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange contracts and other$13,894  $6,909  $9,072  $3,251  Cost of sales
The net gains are offset by the changes in cash flows associated with the underlying hedged transactions.
 Amount of Gain Recognized in the Statements of OperationsStatements of Operations
Classification
For the Three Months Ended
 June 30,
2020		June 30,
2019
 (In thousands) 
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts and other$8,121  $4,366  Other non-operating expense (income), net

Amount of (Loss) Gain Recognized in the Statements of OperationsStatements of Operations
Classification
For the Six Months Ended
June 30,
2020		June 30,
2019
(In thousands)
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts and other$(30,247) $3,868  Other non-operating expense (income), net
The net gains (loss) are offset by gains and losses on the related transactions.