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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Components of Pre-Tax Loss | Consolidated pre-tax income (loss) consists of the following:
| For the Year Ended
| December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
| (In thousands)
U.S. operations | $ | (165,736) |  |  | $ | (329,368) |  |  | $ | (342,219) |
Foreign operations | 349,542 |  |  | 171,851 |  |  | (72,660) |
| $ | 183,806 |  |  | $ | (157,517) |  |  | $ | (414,879) |
Schedule of Provision (Benefit) for Current and Deferred Income Taxes | The provision for current and deferred income taxes consists of the following:
| For the Year Ended
| December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
| (In thousands)
Current |  |  |  |  |
Federal | $ | — |  |  | $ | 5,520 |  |  | $ | 3,935 |
State | (575) |  |  | 2,170 |  |  | 1,340 |
Foreign | 78,870 |  |  | 68,837 |  |  | 95,404 |
| 78,295 |  |  | 76,527 |  |  | 100,679 |
Deferred |  |  |  |  |
Federal | 4,264 |  |  | (5,610) |  |  | (4,630) |
State | (481) |  |  | 68 |  |  | (3,368) |
Foreign | (13,429) |  |  | (15,761) |  |  | 23,515 |
| (9,646) |  |  | (21,303) |  |  | 15,517 |
Provision for income taxes | $ | 68,649 |  |  | $ | 55,224 |  |  | $ | 116,196 |
Schedule of Deferred Income Tax Assets (Liabilities) | Mattel’s deferred income tax assets (liabilities) are composed of the following:
| December 31, 2020 |  | December 31, 2019
| (In thousands)
Tax credit carryforwards | $ | 71,428 |  |  | $ | 59,640 |
Research and development expenses | 41,862 |  |  | 58,340 |
Net operating loss carryforwards | 161,846 |  |  | 153,866 |
Interest expense | 108,069 |  |  | 80,774 |
Allowances and reserves | 92,372 |  |  | 100,896 |
Deferred compensation | 60,665 |  |  | 67,689 |
Postretirement benefits | 38,182 |  |  | 33,839 |
Intangible assets | 231,527 |  |  | 245,138 |
Lease liabilities | 74,600 |  |  | 77,948 |
Other | 42,058 |  |  | 33,619 |
Gross deferred income tax assets | 922,609 |  |  | 911,749 |
Intangible assets | (187,001) |  |  | (190,677) |
Right-of-use assets | (66,404) |  |  | (68,082) |
Other | (25,500) |  |  | (31,024) |
Gross deferred income tax liabilities | (278,905) |  |  | (289,783) |
Deferred income tax asset valuation allowances | (631,914) |  |  | (610,560) |
Net deferred income tax assets | $ | 11,790 |  |  | $ | 11,406 |
Net deferred income tax assets are reported in the consolidated balance sheets as follows:
| December 31, 2020 |  | December 31, 2019
| (In thousands)
Other noncurrent assets | $ | 72,682 |  |  | $ | 67,900 |
Other noncurrent liabilities | (60,892) |  |  | (56,494) |
| $ | 11,790 |  |  | $ | 11,406 |
Schedule of Expiration of Loss and Tax Credit Carryforwards | Mattel’s loss and tax credit carryforwards expire in the following periods:
| Loss Carryforward |  | Tax Credit Carryforward
| (In thousands)
2021–2025 | $ | 36,337 |  |  | $ | 496 |
Thereafter | 250,810 |  |  | 47,287 |
No expiration date | 407,444 |  |  | 23,626 |
Total | $ | 694,591 |  |  | $ | 71,409 |
Schedule of Reconciliation of Provision for Income Taxes at US Federal Statutory Rate to Provision in Statements of Operations | Differences between the provision for income taxes at the U.S. federal statutory income tax rate and the provision in the consolidated statements of operations are as follows:
| For the Year Ended
| December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
| (In thousands)
Provision (benefit) at U.S. federal statutory rate | $ | 41,008 |  |  | $ | (33,240) |  |  | $ | (87,592) |
Increase resulting from: |  |  |  |  |
U.S. valuation allowance | 17,676 |  |  | 19,141 |  |  | 64,907 |
Foreign earnings taxed at different rates, including foreign losses without benefit | 6,203 |  |  | 51,612 |  |  | 103,231 |
U.S. Tax Act (a) | — |  |  | — |  |  | 3,709 |
State and local taxes, net of U.S. federal (expense) benefit | (1,056) |  |  | 2,438 |  |  | (2,028) |
Adjustments to previously accrued taxes | 5,354 |  |  | 14,160 |  |  | 6,621 |
Change in indefinite reinvestment assertion | — |  |  | (2,700) |  |  | 14,566 |
Other (b) | (536) |  |  | 3,813 |  |  | 12,782 |
Provision for income taxes | $ | 68,649 |  |  | $ | 55,224 |  |  | $ | 116,196 |
(a) For 2018, U.S. Tax Act expense was netted with utilization of carryover tax attributes and current year generated tax attributes. (b) For 2018, Other includes $8.1 million of tax credit expiration.
Schedule of Reconciliation of Unrecognized Tax Benefits | A reconciliation of the reserve for unrecognized tax benefits is as follows:
| For the Year Ended
| December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
| (In thousands)
Unrecognized tax benefits at January 1 | $ | 137,929 |  |  | $ | 119,818 |  |  | $ | 116,070 |
Increases for positions taken in current year | 5,969 |  |  | 3,836 |  |  | 7,548 |
Increases for positions taken in a prior year | 5,811 |  |  | 29,487 |  |  | 25,239 |
Decreases for positions taken in a prior year | (3,127) |  |  | (10,150) |  |  | (1,813) |
Decreases for settlements with taxing authorities | (3,410) |  |  | (1,982) |  |  | (1,143) |
Decreases for lapses in the applicable statute of limitations | (2,863) |  |  | (3,080) |  |  | (26,083) |
Unrecognized tax benefits at December 31 | $ | 140,309 |  |  | $ | 137,929 |  |  | $ | 119,818 |

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