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Long-Term Debt | 6 Months Ended
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Jun. 30, 2021
Debt Disclosure [Abstract] |
Long-Term Debt | Long-Term Debt Long-term debt includes the following:
| June 30, 2021 |  | June 30, 2020 |  | December 31, 2020
| (In thousands)
2010 Senior Notes due October 2040 | $ | 250,000 |  |  | $ | 250,000 |  |  | $ | 250,000 |
2011 Senior Notes due November 2041 | 300,000 |  |  | 300,000 |  |  | 300,000 |
2013 Senior Notes due March 2023 | 250,000 |  |  | 250,000 |  |  | 250,000 |
2017/2018 Senior Notes due December 2025 | 275,000 |  |  | 1,500,000 |  |  | 1,500,000 |
2019 Senior Notes due December 2027 | 600,000 |  |  | 600,000 |  |  | 600,000 |
2021 Senior Notes due April 2026 | 600,000 |  |  | — |  |  | — |
2021 Senior Notes due April 2029 | 600,000 |  |  | — |  |  | — |
Debt issuance costs and debt discount | (35,881) |  |  | (49,159) |  |  | (45,336) |
| $ | 2,839,119 |  |  | $ | 2,850,841 |  |  | $ | 2,854,664 |
On March 19, 2021, Mattel issued (i) $600 million aggregate principal amount of 3.375% Senior Notes due 2026 (the "2026 Notes") and (ii) $600 million aggregate principal amount of 3.750% Senior Notes due 2029 (the "2029 Notes" and, together with the 2026 Notes, the "Notes"). The 2026 Notes will mature on April 1, 2026 and the 2029 Notes will mature on April 1, 2029, unless earlier redeemed in accordance with their respective terms. The Notes are guaranteed by Mattel’s existing and, subject to certain exceptions, future wholly owned domestic restricted subsidiaries that guarantee Mattel’s senior secured revolving credit facilities or certain other indebtedness. The net proceeds from the offering, together with cash on hand, were used to redeem $1,225 million in aggregate principal amount of Mattel’s outstanding 6.750% Senior Notes due December 2025 (the "2025 Notes") and pay related prepayment premiums and transaction fees and expenses. As a result of the partial redemption of the 2025 Notes, Mattel incurred a loss on extinguishment of $83.2 million, comprised of $62.0 million of prepayment premium costs and a $21.2 million write-off of the unamortized debt issuance costs, which was recorded within interest expense in the consolidated statements of operations. Following completion of the partial redemption of the 2025 Notes, $275 million aggregate principal amount of the 2025 Notes remained outstanding. On June 21, 2021, Mattel issued a conditional notice of redemption to holders of its 2025 Notes for the redemption of the remaining $275 million outstanding aggregate principal amount of the 2025 Notes on July 1, 2021 (the "Redemption Date") at a price equal to 105.063% of the principal amount of the 2025 Notes redeemed plus accrued and unpaid interest to, but excluding, the Redemption Date. The conditional notice was subject to the condition precedent that Mattel receive funds from the senior secured revolving credit facilities sufficient to consummate the redemption (the "Condition Precedent") and provided Mattel the right to delay the Redemption Date or modify or rescind such notice in the event the Condition Precedent was not satisfied or waived by the Redemption Date, which, consequently, gave Mattel the right to defer settlement of the 2025 Notes for a period greater than one year after June 30, 2021. The Condition Precedent was satisfied and Mattel fully redeemed the 2025 Notes on the Redemption Date using cash on hand and funds from the senior secured revolving credit facilities.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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