XML 33 R23.htm IDEA: XBRL DOCUMENT v3.21.2
Employee Benefit Plans
 6 Months Ended
Jun. 30, 2021
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Mattel and certain of its subsidiaries have qualified and nonqualified retirement plans covering substantially all employees of these companies, which are more fully described in Part II, Item 8 "Financial Statements and Supplementary Data—Note 4 to the Consolidated Financial Statements–Employee Benefit Plans" in the 2020 Annual Report on Form 10-K.
A summary of the components of net periodic benefit cost for Mattel's defined benefit pension plans is as follows:
 For the Three Months EndedFor the Six Months Ended
 June 30,
2021		June 30,
2020		June 30,
2021		June 30,
2020
 (In thousands)(In thousands)
Service cost$1,293 $1,112 $2,586 $2,221 
Interest cost2,530 3,737 5,070 7,518 
Expected return on plan assets(4,637)(4,902)(9,264)(9,823)
Amortization of prior service cost119 43 230 86 
Recognized actuarial loss2,775 2,356 5,560 4,715 
$2,080 $2,346 $4,182 $4,717 
A summary of the components of net periodic benefit cost for Mattel's postretirement benefit plans is as follows:
 For the Three Months EndedFor the Six Months Ended
 June 30,
2021		June 30,
2020		June 30,
2021		June 30,
2020
 (In thousands)(In thousands)
Interest cost$19 $35 $39 $70 
Amortization of prior service credit(509)(509)(1,019)(1,018)
Recognized actuarial gain(2)(19)(5)(38)
$(492)$(493)$(985)$(986)
During the six months ended June 30, 2021, Mattel made cash contributions totaling approximately $4 million related to its defined benefit pension and postretirement benefit plans. During the remainder of 2021, Mattel expects to make additional cash contributions of approximately $13 million.