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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Components of Pre-Tax (Loss) Income | Consolidated pre-tax income (loss) consists of the following:
| For the Year Ended
| December 31, 2021 |  | December 31, 2020 |  | December 31, 2019
| (In thousands)
U.S. operations | $ | 9,612 |  |  | $ | (172,478) |  |  | $ | (329,112) |
Foreign operations | 461,152 |  |  | 350,135 |  |  | 169,457 |
Consolidated pre-tax income (loss) excluding equity method | $ | 470,764 |  |  | $ | 177,657 |  |  | $ | (159,655) |
Schedule of Provision (Benefit) for Current and Deferred Income Taxes | The (benefit) provision for current and deferred income taxes consists of the following:
| For the Year Ended
| December 31, 2021 |  | December 31, 2020 |  | December 31, 2019
| (In thousands)
Current |  |  |  |  |
Federal | $ | (9,819) |  |  | $ | — |  |  | $ | 5,520 |
State | (4,060) |  |  | (575) |  |  | 2,170 |
Foreign | 81,899 |  |  | 78,870 |  |  | 68,837 |
| 68,020 |  |  | 78,295 |  |  | 76,527 |
Deferred |  |  |  |  |
Federal | (229,217) |  |  | 1,164 |  |  | (2,510) |
State | (27,970) |  |  | (481) |  |  | 68 |
Foreign | (231,214) |  |  | (13,429) |  |  | (15,761) |
| (488,401) |  |  | (12,746) |  |  | (18,203) |
(Benefit) provision for income taxes | $ | (420,381) |  |  | $ | 65,549 |  |  | $ | 58,324 |
Schedule of Deferred Income Tax Assets (Liabilities) | Mattel’s deferred income tax assets (liabilities) are composed of the following:
| December 31, 2021 |  | December 31, 2020
| (In thousands)
Tax credit carryforwards | $ | 100,575 |  |  | $ | 71,428 |
Research and development expenses | 27,996 |  |  | 41,862 |
Net operating loss carryforwards | 124,792 |  |  | 161,846 |
Interest expense | 90,671 |  |  | 108,069 |
Allowances and reserves | 102,634 |  |  | 92,372 |
Deferred compensation | 66,183 |  |  | 60,665 |
Postretirement benefits | 31,841 |  |  | 38,182 |
Intangible assets | 219,629 |  |  | 231,527 |
Lease liabilities | 70,712 |  |  | 74,600 |
Other | 46,382 |  |  | 42,058 |
Gross deferred income tax assets | 881,415 |  |  | 922,609 |
Intangible assets | (189,021) |  |  | (187,001) |
Right-of-use assets | (63,206) |  |  | (66,404) |
Other | (40,781) |  |  | (25,500) |
Gross deferred income tax liabilities | (293,008) |  |  | (278,905) |
Deferred income tax asset valuation allowances | (101,489) |  |  | (631,914) |
Net deferred income tax assets | $ | 486,918 |  |  | $ | 11,790 |
Net deferred income tax assets are reported in the consolidated balance sheets as follows:
| December 31, 2021 |  | December 31, 2020
| (In thousands)
Other noncurrent assets | $ | 526,906 |  |  | $ | 72,682 |
Other noncurrent liabilities | (39,988) |  |  | (60,892) |
| $ | 486,918 |  |  | $ | 11,790 |
Schedule of Expiration of Loss and Tax Credit Carryforwards | Mattel’s loss and tax credit carryforwards expire in the following periods:
| Loss Carryforward |  | Tax Credit Carryforward
| (In thousands)
2022–2026 | $ | 39,420 |  |  | $ | 870 |
Thereafter | 154,475 |  |  | 75,802 |
No expiration date | 252,320 |  |  | 23,902 |
Total | $ | 446,215 |  |  | $ | 100,574 |
Schedule of Reconciliation of Provision for Income Taxes at US Federal Statutory Rate to Provision in Statements of Operations | Differences between the provision for income taxes at the U.S. federal statutory income tax rate and the provision in the consolidated statements of operations are as follows:
| For the Year Ended
| December 31, 2021 |  | December 31, 2020 |  | December 31, 2019
| (In thousands)
Provision (benefit) at U.S. federal statutory rate | $ | 101,347 |  |  | $ | 41,008 |  |  | $ | (33,240) |
Differences resulting from: |  |  |  |  |
Changes in valuation allowances | (540,803) |  |  | 14,576 |  |  | 8,752 |
Foreign earnings taxed at different rates, including foreign losses without benefit | 35,468 |  |  | 6,203 |  |  | 65,101 |
State and local taxes, net of U.S. federal (expense) benefit | (983) |  |  | (1,056) |  |  | 2,438 |
Adjustments to previously accrued taxes | (19,101) |  |  | 5,354 |  |  | 14,160 |
Change in indefinite reinvestment assertion | 7,000 |  |  | — |  |  | (2,700) |
Other | (3,309) |  |  | (536) |  |  | 3,813 |
(Benefit) provision for income taxes | $ | (420,381) |  |  | $ | 65,549 |  |  | $ | 58,324 |
Schedule of Reconciliation of Unrecognized Tax Benefits | A reconciliation of the reserve for unrecognized tax benefits is as follows:
| For the Year Ended
| December 31, 2021 |  | December 31, 2020 |  | December 31, 2019
| (In thousands)
Unrecognized tax benefits at January 1 | $ | 140,309 |  |  | $ | 137,929 |  |  | $ | 119,818 |
Increases for positions taken in current year | 5,113 |  |  | 5,969 |  |  | 3,836 |
Increases for positions taken in a prior year | 3,658 |  |  | 5,811 |  |  | 29,487 |
Decreases for positions taken in a prior year | (1,324) |  |  | (3,127) |  |  | (10,150) |
Decreases for settlements with taxing authorities | (2,852) |  |  | (3,410) |  |  | (1,982) |
Decreases for lapses in the applicable statute of limitations | (26,123) |  |  | (2,863) |  |  | (3,080) |
Unrecognized tax benefits at December 31 | $ | 118,781 |  |  | $ | 140,309 |  |  | $ | 137,929 |

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