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Segment Information (Tables)

9 Months Ended

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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