<SEC-DOCUMENT>0001628280-20-016986.txt : 20210104
<SEC-HEADER>0001628280-20-016986.hdr.sgml : 20210104
<ACCEPTANCE-DATETIME>20201202141735
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001628280-20-016986
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20201202

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MATTEL INC /DE/
		CENTRAL INDEX KEY:			0000063276
		STANDARD INDUSTRIAL CLASSIFICATION:	DOLLS & STUFFED TOYS [3942]
		IRS NUMBER:				951567322
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		333 CONTINENTAL BLVD
		CITY:			EL SEGUNDO
		STATE:			CA
		ZIP:			90245
		BUSINESS PHONE:		3102522000
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
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<title>Document</title></head><body><div id="i0b016c14b20f416fb3c96fe36f85cb4f_1"></div><div style="min-height:74.5pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:9.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.429%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:55.224%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div><img alt="mattellogoa081a.jpg" src="mattellogoa081a.jpg" style="height:45px;margin-bottom:5pt;vertical-align:text-bottom;width:60px"></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">MATTEL, INC.</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">December 2, 2020</font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font><br></font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">VIA EDGAR</font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">U.S. Securities and Exchange Commission</font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Division of Corporation Finance</font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">100 F Street, N.E.</font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Washington, D.C. 20549</font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font><br></font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Attention&#58; Melissa Raminpour</font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font><br></font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Re&#58; Mattel, Inc. (the &#8220;Company&#8221; or &#8220;Mattel&#8221;)</font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Form 10-K for the Year Ended December 31, 2019, Filed February 25, 2020</font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Form 10-Q for the Quarter Ended September 30, 2020, Filed November 3, 2020</font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">File No. 001-05647</font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font><br></font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Dear Ms. Raminpour&#58;</font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font><br></font></div><div style="margin-top:0.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">We received and have carefully reviewed the comments provide by the staff (&#8220;Staff&#8221;) of the Securities and Exchange Commission in its correspondence dated November 18, 2020. The following is our response to your comments. We have organized our response so that it appears in the format used in your letter. For your convenience, we have repeated the Staff&#8217;s comment exactly as given and set forth our response below such comment.</font></div><div style="margin-top:1.8pt;padding-left:4.5pt;padding-right:225.4pt"><font><br></font></div><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Form 10-K for the Year Ended December 31, 2019 </font></div><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Management Discussion and Analysis</font></div><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Non-GAAP Financial Measures, page 47</font></div><div style="margin-top:0.5pt"><font><br></font></div><div style="padding-left:40.8pt;padding-right:5.15pt;text-indent:-35.35pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:119%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:119%;padding-left:26.35pt;text-decoration:underline">Comment&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:119%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:119%">We have carefully considered your response to prior comment 1 and your revised disclosures that &#8220;gross sales&#8221; represents sales to customers at invoice. Based upon this clarification, it appears that &#8220;gross sales&#8221; is more akin to a billings-type metric. Accordingly, please revise the title so as not to imply that it represents GAAP sales or revenue and comply with the metrics guidance set forth in SEC Release No. 33-10751. In your response, please include your proposed revisions, including your discussion of this metric in MD&#38;A.</font></div><div style="padding-left:40.8pt;padding-right:5.15pt"><font><br></font></div><div style="padding-left:40.8pt;padding-right:5.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:119%;text-decoration:underline">Response&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:119%"> In future filings, Mattel will replace the term &#8220;gross sales&#8221; with &#8220;gross billings,&#8221; to comply with the metrics guidance detailed in SEC Release No. 33-10751 and also include the following language regarding the use of the term &#8220;gross billings.&#8221;</font></div><div style="padding-left:40.8pt;padding-right:5.15pt"><font><br></font></div><div style="padding-left:54pt;padding-right:5.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:119%">Gross billings represent amounts invoiced to customers.  It does not include the impact of sales adjustments, such as trade discounts and other allowances.  Mattel presents changes in gross billings as a metric for comparing its aggregate, categorical, and brand results to highlight significant trends in Mattel's business.  Changes in gross billings are discussed because, while Mattel records the details of sales adjustments in its financial accounting systems at the time of sale, such sales adjustments are generally not associated with categories, brands, and individual products.  </font></div><div style="padding-left:40.8pt;padding-right:5.15pt"><font><br></font></div><div style="padding-left:40.8pt;padding-right:5.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:119%"> </font></div><div style="height:14pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:74.5pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:9.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.429%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:55.224%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div><img alt="mattellogoa081a.jpg" src="mattellogoa081a.jpg" style="height:45px;margin-bottom:5pt;vertical-align:text-bottom;width:60px"></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">MATTEL, INC.</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div></div><div style="padding-left:40.8pt;padding-right:5.15pt"><font><br></font></div><div style="padding-left:40.8pt;padding-right:5.15pt"><font><br></font></div><div><font><br></font></div><div style="margin-top:9.4pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Note 13. Segment Information, page 97</font></div><div style="margin-top:0.45pt;padding-left:4.5pt"><font><br></font></div><div style="padding-left:40.8pt;padding-right:19.2pt;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:119%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:119%;padding-left:27pt;text-decoration:underline">Comment&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:119%"> You disclose &#8220;gross sales&#8221; by segment, categories, top 3 power brands, and geographic area. We note that &#8220;gross sales&#8221; does not represent amounts determined in accordance with GAAP. Accordingly, please remove &#8220;gross sales&#8221; from your segment and entity- wide disclosures and revise to disclose revenues from external customers by reportable segment, as well as for information about products and geographic areas. Refer to ASC 280-10-50-22(a), 50-40, and 50-41. In your response, please include the proposed revisions to this footnote.</font></div><div style="padding-left:40.8pt;padding-right:19.2pt"><font><br></font></div><div style="padding-left:40.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%;text-decoration:underline">Response&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%"> In future filings, Mattel will remove references to gross sales and replace gross sales with net sales in its segment and entity-wide disclosures&#59; however, Mattel will not be able to present net sales information by product (categories and Top 3 Power Brands). Mattel will include the following language regarding the impracticability of disclosing net sales by product&#58;</font></div><div style="padding-left:40.8pt;padding-right:19.2pt"><font><br></font></div><div style="padding-left:67.5pt;padding-right:19.2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:119%">It is impracticable for Mattel to present net sales by categories, brands, or products, as trade discounts and other allowances are generally recorded in the financial accounting systems by customer.  </font></div><div style="padding-right:19.2pt"><font><br></font></div><div style="padding-left:4.5pt;padding-right:19.2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Please feel free to call the undersigned at (310) 252-3611 or Brian Lane of Gibson, Dunn &#38; Crutcher LLP at (202) 887&#8209;3646 with any questions or comments regarding the foregoing.</font></div><div style="margin-top:2.35pt;padding-left:7pt"><font><br></font></div><div style="margin-top:2.35pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Very truly yours,</font></div><div style="margin-top:2.35pt;padding-left:7pt"><font><br></font></div><div style="margin-top:2.35pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#47;s&#47; Anthony DiSilvestro</font></div><div style="margin-top:2.35pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Anthony DiSilvestro</font></div><div style="margin-top:2.35pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Chief Financial Officer</font></div><div style="margin-top:2.35pt;padding-left:7pt"><font><br></font></div><div style="margin-top:2.35pt;padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">cc&#58;   Effie Simpson, Staff Accountant, Division of Corporation Finance </font></div><div style="margin-top:2.35pt;padding-left:27pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Anthony DiSilvestro, Chief Financial Officer, Mattel, Inc.</font></div><div style="margin-top:2.35pt;padding-left:27pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Robert Normile, Executive Vice President, Chief Legal Officer &#38; Secretary, Mattel, Inc. </font></div><div style="margin-top:2.35pt;padding-left:27pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Brian Lane, Partner, Gibson, Dunn &#38; Crutcher LLP</font></div><div style="height:14pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
