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Derivative Instruments (Tables)

3 Months Ended

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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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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