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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The following tables present changes in the accumulated balances for each component of other comprehensive income (loss), including other comprehensive income (loss) and reclassifications out of accumulated other comprehensive income (loss) for each period:
 For the Three Months Ended March 31, 2021
 Derivative
Instruments		Available-for-Sale SecurityEmployee Benefit PlansCurrency
Translation
Adjustments		Total
 (In thousands)
Accumulated Other Comprehensive Loss, Net of Tax, as of December 31, 2020$(15,369)$(7,522)$(186,854)$(734,831)$(944,576)
Other comprehensive income (loss) before reclassifications4,057 1,964 (67)(28,133)(22,179)
Amounts reclassified from accumulated other comprehensive loss3,314 — 2,415 — 5,729 
Net increase (decrease) in other comprehensive income (loss)7,371 1,964 2,348 (28,133)(16,450)
Accumulated Other Comprehensive Loss, Net of Tax, as of March 31, 2021$(7,998)$(5,558)$(184,506)$(762,964)$(961,026)
For the Three Months Ended March 31, 2020
 Derivative
Instruments		Available-for-Sale SecurityEmployee Benefit PlansCurrency
Translation
Adjustments		Total
 (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2019$11,041 $(8,260)$(169,857)$(702,408)$(869,484)
Other comprehensive income (loss) before reclassifications9,190 195 1,702 (145,634)(134,547)
Amounts reclassified from accumulated other comprehensive loss(3,210)— 1,358 — (1,852)
Net increase (decrease) in other comprehensive income (loss)5,980 195 3,060 (145,634)(136,399)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2020$17,021 $(8,065)$(166,797)$(848,042)$(1,005,883)

The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:
For the Three Months Ended
March 31,
2021		March 31,
2020		Statements of Operations
Classification
 (In thousands) 
Derivative Instruments
(Loss) gain on foreign currency forward exchange and other contracts$(3,206)$3,193 Cost of sales
Tax effect of net (loss) gain(108)17 Provision for income taxes
$(3,314)$3,210 Net loss
Employee Benefit Plans
Amortization of prior service credit (a)$398 $466 Other non-operating income/expense, net
Recognized actuarial loss (a)(2,783)(2,340)Other non-operating income/expense, net
(2,385)(1,874)
Tax effect of net (loss) gain(30)516 Provision for income taxes
$(2,415)$(1,358)Net loss
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(a)The amortization of prior service credit and recognized actuarial loss are included in the computation of net periodic benefit cost. Refer to "Note 16 to the Consolidated Financial Statements—Employee Benefit Plans" of this Quarterly Report on Form 10-Q for additional information regarding Mattel's net periodic benefit cost.
Currency Translation Adjustments
Mattel's reporting currency is the U.S. dollar. The translation of its net investments in subsidiaries with non-U.S. dollar functional currencies subjects Mattel to the impact of foreign currency exchange rate fluctuations in its results of operations and financial position. Assets and liabilities of subsidiaries with non-U.S. dollar functional currencies are translated into U.S. dollars at fiscal period-end exchange rates. Income and expense items are translated at weighted-average exchange rates prevailing during the fiscal period. The resulting currency translation adjustments are recorded as a component of accumulated other comprehensive loss within stockholders' equity. Currency translation adjustments resulted in a net loss of $28.1 million for the three months ended March 31, 2021, primarily due to the weakening of the Brazilian real, Mexican peso, Euro, and Turkish lira against the U.S. dollar. Currency translation adjustments resulted in a net loss of $145.6 million for the three months ended March 31, 2020, primarily due to the weakening of the Mexican peso, Russian ruble, Brazilian real, and British pound sterling against the U.S. dollar