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Derivative Instruments (Tables) | 3 Months Ended
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Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Assets and Liabilities | The following tables present Mattel's derivative assets and liabilities:
| Derivative Assets
| Balance Sheet Classification |  | Fair Value
|  | March 31, 2021 |  | March 31, 2020 |  | December 31, 2020
|  |  | (In thousands)
Derivatives designated as hedging instruments |  |  |  |  |  |  |
Foreign currency forward exchange and other contracts | Prepaid expenses and other current assets |  | $ | 4,534 |  |  | $ | 21,121 |  |  | $ | 3,641 |
Foreign currency forward exchange and other contracts | Other noncurrent assets |  | 1,250 |  |  | 2,525 |  |  | 50 |
Total derivatives designated as hedging instruments |  |  | $ | 5,784 |  |  | $ | 23,646 |  |  | $ | 3,691 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |
Foreign currency forward exchange and other contracts | Prepaid expenses and other current assets |  | $ | 2,050 |  |  | $ | 13,811 |  |  | $ | 1,982 |
Foreign currency forward exchange and other contracts | Other noncurrent assets |  | — |  |  | — |  |  | 38 |
Total derivatives not designated as hedging instruments |  |  | $ | 2,050 |  |  | $ | 13,811 |  |  | $ | 2,020 |
|  |  | $ | 7,834 |  |  | $ | 37,457 |  |  | $ | 5,711 |
| Derivative Liabilities
| Balance Sheet Classification |  | Fair Value
|  | March 31, 2021 |  | March 31, 2020 |  | December 31, 2020
|  |  | (In thousands)
Derivatives designated as hedging instruments |  |  |  |  |  |  |
Foreign currency forward exchange and other contracts | Accrued liabilities |  | $ | 11,009 |  |  | $ | 6,841 |  |  | $ | 20,330 |
Foreign currency forward exchange and other contracts | Other noncurrent liabilities |  | 808 |  |  | 2,507 |  |  | 4,361 |
Total derivatives designated as hedging instruments |  |  | $ | 11,817 |  |  | $ | 9,348 |  |  | $ | 24,691 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |
Foreign currency forward exchange and other contracts | Accrued liabilities |  | $ | 5,487 |  |  | $ | 1,594 |  |  | $ | 803 |
Foreign currency forward exchange and other contracts | Other noncurrent liabilities |  | — |  |  | 224 |  |  | — |
Total derivatives not designated as hedging instruments |  |  | $ | 5,487 |  |  | $ | 1,818 |  |  | $ | 803 |
|  |  | $ | 17,304 |  |  | $ | 11,166 |  |  | $ | 25,494 |
Schedule of Derivatives Designated as Hedging Instruments by Classification and Amount of Gains and Losses | The following tables present the classification and amount of gains and losses, net of tax, from derivatives reported in the consolidated statements of operations:
| Derivatives Designated As Hedging Instruments |  |
| For the Three Months Ended |  |
| March 31, 2021 |  | March 31, 2020 |  | Statements of Operations Classification
| (In thousands) |  |
Foreign currency forward exchange contracts: |  |  |  |  |
Amount of gains recognized in OCI | $ | 4,057 |  |  | $ | 9,190 |  |  |
Amount of (losses) gains reclassified from accumulated OCI to consolidated statements of operations | (3,314) |  |  | 3,210 |  |  | Cost of sales
Schedule of Derivatives Not Designated as Hedging Instruments by Classification and Amount of Gains and Losses |
| Derivatives Not Designated As Hedging Instruments |  |
| For the Three Months Ended |  |
| March 31, 2021 |  | March 31, 2020 |  | Statements of Operations Classification
| (In thousands) |  |
Amount of net loss recognized in the Statements of Operations |  |  |  |  |
Foreign currency forward exchange and other contract (losses) | $ | (8,636) |  |  | $ | (38,369) |  |  | Other non-operating income/expense, net
Foreign currency forward exchange and other contract gains | 639 |  |  | — |  |  | Cost of sales
| $ | (7,997) |  |  | $ | (38,369) |  |  |

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