XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information Mattel designs, manufactures, and markets a broad variety of toy products worldwide, which are sold to its customers and directly to consumers. Segment Data Mattel's operating segments are: (i) North America, which consists of the U.S. and Canada; (ii) International; and (iii) American Girl. The North America and International segments sell products across categories, although some products are developed and adapted for particular international markets. The following tables present information regarding net sales, operating income (loss), and assets by segment. The corporate and other expense category includes operating costs not allocated to individual segments, including charges related to incentive and share-based compensation, corporate headquarters functions managed on a worldwide basis, the impact of changes in foreign currency exchange rates on intercompany transactions, and certain severance and other restructuring costs. The prior period presentation of operating income by segment and assets by segment has been conformed to the current period's presentation. It is impracticable for Mattel to present net sales by categories, brands, or products, as trade discounts and other allowances are generally recorded in the financial accounting systems by customer.
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2021 |  | June 30, 2020 |  | June 30, 2021 |  | June 30, 2020
| (In thousands)
Net Sales by Segment |  |  |  |  |  |  |
North America | $ | 560,830 |  |  | $ | 432,892 |  |  | $ | 1,040,489 |  |  | $ | 720,446 |
International | 424,897 |  |  | 271,065 |  |  | 774,252 |  |  | 540,421 |
American Girl | 40,639 |  |  | 28,179 |  |  | 85,817 |  |  | 65,339 |
Net sales | $ | 1,026,366 |  |  | $ | 732,136 |  |  | $ | 1,900,558 |  |  | $ | 1,326,206 |
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2021 |  | June 30, 2020 |  | June 30, 2021 |  | June 30, 2020
| (In thousands)
Operating Income (Loss) by Segment |  |  |  |  |  |  |
North America (a) | $ | 149,600 |  |  | $ | 81,838 |  |  | $ | 274,451 |  |  | $ | 98,686 |
International (a) | 50,758 |  |  | (4,420) |  |  | 87,018 |  |  | (31,444) |
American Girl | (9,725) |  |  | (13,886) |  |  | (19,290) |  |  | (30,987) |
| 190,633 |  |  | 63,532 |  |  | 342,179 |  |  | 36,255 |
Corporate and other expense (b) | (141,493) |  |  | (111,610) |  |  | (259,168) |  |  | (229,105) |
Operating Income (Loss) | 49,140 |  |  | (48,078) |  |  | 83,011 |  |  | (192,850) |
Interest expense | 38,144 |  |  | 49,615 |  |  | 168,627 |  |  | 98,595 |
Interest (income) | (584) |  |  | (1,025) |  |  | (1,403) |  |  | (3,108) |
Other non-operating expense (income), net | 533 |  |  | 2,662 |  |  | (555) |  |  | 5,684 |
Income (Loss) Before Income Taxes | $ | 11,047 |  |  | $ | (99,330) |  |  | $ | (83,658) |  |  | $ | (294,021) |
_______________________________________ (a)Segment operating income (loss) included severance and restructuring expenses of $(0.2) million and $1.8 million, for the three and six months ended June 30, 2021, respectively, and $1.4 million and $4.5 million, for the three and six months ended June 30, 2020, respectively, which were allocated to the North America and International segments. (b)Corporate and other expense included severance and restructuring charges of $10.7 million and $16.5 million, for the three and six months ended June 30, 2021, respectively, and $16.2 million and $23.8 million, for the three and six months ended June 30, 2020, respectively. Corporate and other expense also included expenses related to inclined sleeper product recall litigation of $6.8 million and $12.1 million for the three and six months ended June 30, 2021, respectively, and $2.9 million and $9.1 million, for the three and six months ended June 30, 2020, respectively, and incentive and share-based compensation for all periods presented. Segment assets are comprised of accounts receivable and inventories, net of applicable allowances and reserves.
| June 30, 2021 |  | June 30, 2020 |  | December 31, 2020
| (In thousands)
Assets by Segment |  |  |  |  |
North America | $ | 686,959 |  |  | $ | 615,180 |  |  | $ | 658,404 |
International | 644,450 |  |  | 528,510 |  |  | 715,043 |
American Girl | 51,453 |  |  | 47,028 |  |  | 40,414 |
| 1,382,862 |  |  | 1,190,718 |  |  | 1,413,861 |
Corporate and other | 219,259 |  |  | 187,648 |  |  | 148,579 |
Accounts receivable and inventories, net | $ | 1,602,121 |  |  | $ | 1,378,366 |  |  | $ | 1,562,440 |
Geographic Information The table below presents information by geographic area. Net sales are attributed to countries based on location of the customer.
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2021 |  | June 30, 2020 |  | June 30, 2021 |  | June 30, 2020
| (In thousands)
Net Sales by Geographic Area |  |  |  |  |  |  |
North America | $ | 601,469 |  |  | $ | 461,071 |  |  | $ | 1,126,306 |  |  | $ | 785,785 |
International |  |  |  |  |  |  |
EMEA | 246,816 |  |  | 151,948 |  |  | 484,985 |  |  | 325,271 |
Latin America | 92,477 |  |  | 57,719 |  |  | 148,755 |  |  | 108,994 |
Asia Pacific | 85,604 |  |  | 61,398 |  |  | 140,512 |  |  | 106,156 |
Total International | 424,897 |  |  | 271,065 |  |  | 774,252 |  |  | 540,421 |
Net sales | $ | 1,026,366 |  |  | $ | 732,136 |  |  | $ | 1,900,558 |  |  | $ | 1,326,206 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration