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Income Taxes (Tables)

12 Months Ended

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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