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Derivative Instruments (Tables) | 6 Months Ended
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Jun. 30, 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
|  | June 30, 2021 |  | June 30, 2020 |  | December 31, 2020
|  |  | (In thousands)
Derivatives designated as hedging instruments |  |  |  |  |  |  |
Foreign currency forward exchange and other contracts | Prepaid expenses and other current assets |  | $ | 5,405 |  |  | $ | 11,731 |  |  | $ | 3,641 |
Foreign currency forward exchange and other contracts | Other noncurrent assets |  | 1,774 |  |  | 1,237 |  |  | 50 |
Total derivatives designated as hedging instruments |  |  | $ | 7,179 |  |  | $ | 12,968 |  |  | $ | 3,691 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |
Foreign currency forward exchange and other contracts | Prepaid expenses and other current assets |  | $ | 1,624 |  |  | $ | 786 |  |  | $ | 1,982 |
Foreign currency forward exchange and other contracts | Other noncurrent assets |  | — |  |  | — |  |  | 38 |
Total derivatives not designated as hedging instruments |  |  | $ | 1,624 |  |  | $ | 786 |  |  | $ | 2,020 |
|  |  | $ | 8,803 |  |  | $ | 13,754 |  |  | $ | 5,711 |
| Derivative Liabilities
| Balance Sheet Classification |  | Fair Value
|  | June 30, 2021 |  | June 30, 2020 |  | December 31, 2020
|  |  | (In thousands)
Derivatives designated as hedging instruments |  |  |  |  |  |  |
Foreign currency forward exchange and other contracts | Accrued liabilities |  | $ | 10,774 |  |  | $ | 1,973 |  |  | $ | 20,330 |
Foreign currency forward exchange and other contracts | Other noncurrent liabilities |  | 270 |  |  | 1,241 |  |  | 4,361 |
Total derivatives designated as hedging instruments |  |  | $ | 11,044 |  |  | $ | 3,214 |  |  | $ | 24,691 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |
Foreign currency forward exchange and other contracts | Accrued liabilities |  | $ | 5,187 |  |  | $ | 5,280 |  |  | $ | 803 |
Foreign currency forward exchange and other contracts | Other noncurrent liabilities |  | — |  |  | 185 |  |  | — |
Total derivatives not designated as hedging instruments |  |  | $ | 5,187 |  |  | $ | 5,465 |  |  | $ | 803 |
|  |  | $ | 16,231 |  |  | $ | 8,679 |  |  | $ | 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 |  |
| June 30, 2021 |  | June 30, 2020 |  | Statements of Operations Classification
| (In thousands) |  |
Foreign currency forward exchange contracts: |  |  |  |  |
Amount of (losses) gains recognized in OCI | $ | (771) |  |  | $ | 2,594 |  |  |
Amount of (losses) gains reclassified from accumulated OCI to consolidated statements of operations | (2,060) |  |  | 1,589 |  |  | Cost of sales
| Derivatives Designated As Hedging Instruments |  |
| For the Six Months Ended |  |
| June 30, 2021 |  | June 30, 2020 |  | Statements of Operations Classification
| (In thousands) |  |
Foreign currency forward exchange contracts: |  |  |  |  |
Amount of gains recognized in OCI | $ | 9,331 |  |  | $ | 16,022 |  |  |
Amount of gains reclassified from accumulated OCI to consolidated statements of operations | 671 |  |  | 9,037 |  |  | 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 |  |
| June 30, 2021 |  | June 30, 2020 |  | Statements of Operations Classification
| (In thousands) |  |
Amount of net gains recognized in the Statements of Operations |  |  |  |  |
Foreign currency forward exchange and other contract gains | $ | 7,673 |  |  | $ | 8,121 |  |  | Other non-operating expense (income), net
Foreign currency forward exchange and other contract gains | — |  |  | — |  |  | Cost of sales
| $ | 7,673 |  |  | $ | 8,121 |  |  |
| Derivatives Not Designated As Hedging Instruments |  |
| For the Six Months Ended |  |
| June 30, 2021 |  | June 30, 2020 |  | Statements of Operations Classification
| (In thousands) |  |
Amount of net losses recognized in the Statements of Operations |  |  |  |  |
Foreign currency forward exchange and other contract (losses) | $ | (963) |  |  | $ | (30,247) |  |  | Other non-operating expense (income), net
Foreign currency forward exchange and other contract gains | 639 |  |  | — |  |  | Cost of sales
| $ | (324) |  |  | $ | (30,247) |  |  |

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