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Employee Benefit Plans | 9 Months Ended
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Sep. 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 Ended |  | For the Nine Months Ended
|  | September 30, 2021 |  | September 30, 2020 |  | September 30, 2021 |  | September 30, 2020
|  | (In thousands) |  | (In thousands)
Service cost |  | $ | 1,194 |  |  | $ | 1,015 |  |  | $ | 3,780 |  |  | $ | 3,236 |
Interest cost |  | 2,525 |  |  | 3,729 |  |  | 7,595 |  |  | 11,247 |
Expected return on plan assets |  | (4,627) |  |  | (4,899) |  |  | (13,891) |  |  | (14,722) |
Amortization of prior service cost |  | 54 |  |  | 37 |  |  | 275 |  |  | 123 |
Recognized actuarial loss |  | 2,832 |  |  | 2,355 |  |  | 8,401 |  |  | 7,070 |
Settlement loss |  | 3,375 |  |  | — |  |  | 3,375 |  |  | — |
|  | $ | 5,353 |  |  | $ | 2,237 |  |  | $ | 9,535 |  |  | $ | 6,954 |
A summary of the components of net periodic benefit cost for Mattel's postretirement benefit plans is as follows:
|  | For the Three Months Ended |  | For the Nine Months Ended
|  | September 30, 2021 |  | September 30, 2020 |  | September 30, 2021 |  | September 30, 2020
|  | (In thousands) |  | (In thousands)
Interest cost |  | $ | 19 |  |  | $ | 35 |  |  | $ | 59 |  |  | $ | 104 |
Amortization of prior service credit |  | (509) |  |  | (509) |  |  | (1,528) |  |  | (1,528) |
Recognized actuarial gain |  | (2) |  |  | (19) |  |  | (7) |  |  | (56) |
|  | $ | (492) |  |  | $ | (493) |  |  | $ | (1,476) |  |  | $ | (1,480) |
Mattel's service cost component is recorded within operating income while other components of net periodic pension cost and postretirement benefit cost are recorded outside of operating income, presented in other non-operating expense, net. During the nine months ended September 30, 2021, Mattel made cash contributions totaling approximately $10 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 $12 million.

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