Derivative Instruments (Tables)

9 Months Ended

Sep. 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
		September 30, 2021		September 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	$	11,624	$	5,340	$	3,641
Foreign currency forward exchange and other contracts	Other noncurrent assets	2,775		896		50
Total derivatives designated as hedging instruments		$	14,399	$	6,236	$	3,691
Derivatives not designated as hedging instruments
Foreign currency forward exchange and other contracts	Prepaid expenses and other current assets	$	1,165	$	2,337	$	1,982
Foreign currency forward exchange and other contracts	Other noncurrent assets	—		—		38
Total derivatives not designated as hedging instruments		$	1,165	$	2,337	$	2,020
		$	15,564	$	8,573	$	5,711

	Derivative Liabilities
	Balance Sheet Classification	Fair Value
		September 30, 2021		September 30, 2020		December 31, 2020
		(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange and other contracts	Accrued liabilities	$	4,046	$	9,256	$	20,330
Foreign currency forward exchange and other contracts	Other noncurrent liabilities	7		3,602		4,361
Total derivatives designated as hedging instruments		$	4,053	$	12,858	$	24,691
Derivatives not designated as hedging instruments
Foreign currency forward exchange and other contracts	Accrued liabilities	$	2,247	$	984	$	803
Foreign currency forward exchange and other contracts	Other noncurrent liabilities	—		99		—
Total derivatives not designated as hedging instruments		$	2,247	$	1,083	$	803
		$	6,300	$	13,941	$	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

September 30,
2021

September 30,
2020

Statements of
Operations
Classification

(In thousands)

Foreign currency forward exchange contracts:

Amount of gains (losses) recognized in OCI

13,900

(20,578)

Amount of gains reclassified from accumulated OCI to consolidated statements of operations

2,223

2,200

Cost of sales

Derivatives Designated As Hedging Instruments

For the Nine Months Ended

September 30,
2021

September 30,
2020

Statements of
Operations
Classification

(In thousands)

Foreign currency forward exchange contracts:

Amount of gains (losses) recognized in OCI

23,230

(4,556)

Amount of gains reclassified from accumulated OCI to consolidated statements of operations

2,893

11,237

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
	September 30, 2021		September 30, 2020		Statements of Operations Classification
	(In thousands)
Amount of net (losses) gains recognized in the Statements of Operations
Foreign currency forward exchange and other contract (losses) gains	$	(2,900)	$	232	Other non-operating expense, net

	$	(2,900)	$	232


	Derivatives Not Designated As Hedging Instruments
	For the Nine Months Ended
	September 30, 2021		September 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)	$	(3,863)	$	(30,015)	Other non-operating expense, net
Foreign currency forward exchange and other contract gains	639		—		Cost of sales
	$	(3,224)	$	(30,015)