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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of Revenues from Segment to Consolidated | The following tables present information about gross sales, income (loss), and assets by segment. Mattel does not include sales adjustments such as trade discounts and other allowances in the calculation of segment gross sales. See reconciliations of gross sales to net sales in the tables below. Mattel records these adjustments in its financial accounting systems at the time of sale to each customer, but the adjustments generally are not associated with categories, brands, and individual products. For this reason, Mattel's Chief Operating Decision Maker uses total net sales and gross sales by segment as measures to evaluate segment performance. Sales adjustments are included in the determination of segment income (loss) from operations based on the adjustments recorded in the financial accounting systems. Segment income (loss) represents each segment's operating income (loss), while consolidated operating income (loss) represents income (loss) from operations before net interest, other non-operating (income) expense, net, and income taxes as reported in the consolidated statements of operations. The corporate and other expense category includes costs not allocated to individual segments, including charges related to incentive compensation, severance and other restructuring costs, share-based compensation, certain corporate headquarters functions managed on a worldwide basis, and the impact of changes in foreign currency exchange rates on intercompany transactions.
| For the Three Months Ended |  | For the Nine Months Ended
| September 30, 2020 |  | September 30, 2019 |  | September 30, 2020 |  | September 30, 2019
| (In thousands)
Gross Sales by Segment |  |  |  |  |  |  |
North America | $ | 991,609 |  |  | $ | 880,441 |  |  | $ | 1,758,912 |  |  | $ | 1,697,186 |
International | 773,056 |  |  | 721,705 |  |  | 1,423,120 |  |  | 1,567,390 |
American Girl | 53,738 |  |  | 54,764 |  |  | 120,896 |  |  | 134,726 |
Gross sales | 1,818,403 |  |  | 1,656,910 |  |  | 3,302,928 |  |  | 3,399,302 |
Sales adjustments | (186,712) |  |  | (175,353) |  |  | (345,031) |  |  | (368,436) |
Net sales | $ | 1,631,691 |  |  | $ | 1,481,557 |  |  | $ | 2,957,897 |  |  | $ | 3,030,866 |
| For the Three Months Ended |  | For the Nine Months Ended
| September 30, 2020 |  | September 30, 2019 |  | September 30, 2020 |  | September 30, 2019
| (In thousands)
Segment Income (Loss) |  |  |  |  |  |  |
North America (a) | $ | 344,420 |  |  | $ | 194,368 |  |  | $ | 430,371 |  |  | $ | 202,923 |
International (a) | 183,220 |  |  | 89,244 |  |  | 139,372 |  |  | 61,434 |
American Girl | (10,296) |  |  | (11,079) |  |  | (41,595) |  |  | (41,442) |
| 517,344 |  |  | 272,533 |  |  | 528,148 |  |  | 222,915 |
Corporate and other expense (b) | (133,187) |  |  | (122,446) |  |  | (339,943) |  |  | (251,255) |
Operating income (loss) | 384,157 |  |  | 150,087 |  |  | 188,205 |  |  | (28,340) |
Interest expense | 50,415 |  |  | 47,689 |  |  | 149,010 |  |  | 140,881 |
Interest (income) | (455) |  |  | (821) |  |  | (3,564) |  |  | (4,625) |
Other non-operating (income) expense, net | (3,877) |  |  | 1,264 |  |  | (133) |  |  | 2,874 |
Income (loss) before income taxes | $ | 338,074 |  |  | $ | 101,955 |  |  | $ | 42,892 |  |  | $ | (167,470) |
_______________________________________ (a)Segment income (loss) included severance and restructuring expenses of $0.3 million and $4.8 million, for the three and nine months ended September 30, 2020, respectively, and $8.4 million and $11.9 million, for the three and nine months ended September 30, 2019, respectively, which were allocated to the North America and International segments. Segment income (loss) for the three and nine months ended September 30, 2019 also included charges of $3.9 million and $34.3 million, respectively, attributable to the inclined sleeper product recalls, substantially all of which was recorded in the North America segment. (b)Corporate and other expense included severance and restructuring charges of $6.7 million and $30.5 million, for the three and nine months ended September 30, 2020, respectively, and $11.3 million and $34.4 million, for the three and nine months ended September 30, 2019. Corporate and other expense also included expenses related to inclined sleeper product recall litigation of $10.1 million and $19.2 million, for the three and nine months ended September 30, 2020, respectively, and incentive and share-based compensation for all periods presented.
Schedule of Segment Assets | Segment assets are comprised of accounts receivable and inventories, net of applicable allowances and reserves.
| September 30, 2020 |  | September 30, 2019 |  | December 31, 2019
| (In thousands)
Assets by Segment |  |  |  |  |
North America | $ | 975,224 |  |  | $ | 916,250 |  |  | $ | 569,819 |
International | 818,710 |  |  | 906,788 |  |  | 721,251 |
American Girl | 66,333 |  |  | 60,171 |  |  | 35,004 |
| 1,860,267 |  |  | 1,883,209 |  |  | 1,326,074 |
Corporate and other | 129,500 |  |  | 109,613 |  |  | 105,789 |
Accounts receivable and inventories, net | $ | 1,989,767 |  |  | $ | 1,992,822 |  |  | $ | 1,431,863 |
Schedule of Worldwide Revenues | The table below presents worldwide gross sales by categories:
| For the Three Months Ended |  | For the Nine Months Ended
| September 30, 2020 |  | September 30, 2019 |  | September 30, 2020 |  | September 30, 2019
| (In thousands)
Gross Sales by Categories |  |  |  |  |  |  |
Dolls | $ | 690,466 |  |  | $ | 567,598 |  |  | $ | 1,177,358 |  |  | $ | 1,093,890 |
Infant, Toddler, and Preschool | 404,064 |  |  | 430,973 |  |  | 744,208 |  |  | 876,595 |
Vehicles | 369,388 |  |  | 346,939 |  |  | 713,723 |  |  | 744,437 |
Action Figures, Building Sets, Games, and Other | 354,485 |  |  | 311,400 |  |  | 667,639 |  |  | 684,380 |
Gross sales | 1,818,403 |  |  | 1,656,910 |  |  | 3,302,928 |  |  | 3,399,302 |
Sales adjustments | (186,712) |  |  | (175,353) |  |  | (345,031) |  |  | (368,436) |
Net sales | $ | 1,631,691 |  |  | $ | 1,481,557 |  |  | $ | 2,957,897 |  |  | $ | 3,030,866 |
The table below presents supplemental disclosure of worldwide gross sales:
| For the Three Months Ended |  | For the Nine Months Ended
| September 30, 2020 |  | September 30, 2019 |  | September 30, 2020 |  | September 30, 2019
| (In thousands)
Gross Sales by Top 3 Power Brands |  |  |  |  |  |  |
Barbie | $ | 532,228 |  |  | $ | 412,840 |  |  | $ | 879,025 |  |  | $ | 762,849 |
Hot Wheels | 312,788 |  |  | 293,295 |  |  | 607,885 |  |  | 619,030 |
Fisher-Price and Thomas & Friends | 387,648 |  |  | 396,339 |  |  | 692,657 |  |  | 791,146 |
Other | 585,739 |  |  | 554,436 |  |  | 1,123,361 |  |  | 1,226,277 |
Gross sales | 1,818,403 |  |  | 1,656,910 |  |  | 3,302,928 |  |  | 3,399,302 |
Sales adjustments | (186,712) |  |  | (175,353) |  |  | (345,031) |  |  | (368,436) |
Net sales | $ | 1,631,691 |  |  | $ | 1,481,557 |  |  | $ | 2,957,897 |  |  | $ | 3,030,866 |
Schedule of Revenues by Geographic Area | The table below presents information by geographic area. Gross sales are attributed to countries based on location of the customer.
| For the Three Months Ended |  | For the Nine Months Ended
| September 30, 2020 |  | September 30, 2019 |  | September 30, 2020 |  | September 30, 2019
| (In thousands)
Gross Sales by Geographic Area |  |  |  |  |  |  |
North America | $ | 1,045,347 |  |  | $ | 935,205 |  |  | $ | 1,879,808 |  |  | $ | 1,831,912 |
International |  |  |  |  |  |  |
EMEA | 482,590 |  |  | 408,660 |  |  | 881,895 |  |  | 859,116 |
Latin America | 186,644 |  |  | 213,535 |  |  | 313,995 |  |  | 430,095 |
Asia Pacific | 103,822 |  |  | 99,510 |  |  | 227,230 |  |  | 278,179 |
Total International | 773,056 |  |  | 721,705 |  |  | 1,423,120 |  |  | 1,567,390 |
Gross sales | 1,818,403 |  |  | 1,656,910 |  |  | 3,302,928 |  |  | 3,399,302 |
Sales adjustments | (186,712) |  |  | (175,353) |  |  | (345,031) |  |  | (368,436) |
Net sales | $ | 1,631,691 |  |  | $ | 1,481,557 |  |  | $ | 2,957,897 |  |  | $ | 3,030,866 |

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