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Long-Term Debt | 3 Months Ended
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Mar. 31, 2022
Debt Disclosure [Abstract] |
Long-Term Debt | Long-Term Debt Long-term debt includes the following:
| March 31, 2022 |  | March 31, 2021 |  | December 31, 2021
| (In thousands)
2010 Senior Notes due October 2040 | $ | 250,000 |  |  | $ | 250,000 |  |  | $ | 250,000 |
2011 Senior Notes due November 2041 | 300,000 |  |  | 300,000 |  |  | 300,000 |
2013 Senior Notes due March 2023 | 250,000 |  |  | 250,000 |  |  | 250,000 |
2017/2018 Senior Notes due December 2025 | — |  |  | 275,000 |  |  | — |
2019 Senior Notes due December 2027 | 600,000 |  |  | 600,000 |  |  | 600,000 |
2021 Senior Notes due April 2026 | 600,000 |  |  | 600,000 |  |  | 600,000 |
2021 Senior Notes due April 2029 | 600,000 |  |  | 600,000 |  |  | 600,000 |
Debt issuance costs and debt discount | (27,850) |  |  | (37,268) |  |  | (29,008) |
| $ | 2,572,150 |  |  | $ | 2,837,732 |  |  | $ | 2,570,992 |
Less: current portion | (250,000) |  |  | — |  |  | — |
Total long-term debt | $ | 2,322,150 |  |  | $ | 2,837,732 |  |  | $ | 2,570,992 |
On March 19, 2021, Mattel issued (i) $600 million aggregate principal amount of 3.375% Senior Notes due 2026 (the "2026 Notes") and (ii) $600 million aggregate principal amount of 3.750% Senior Notes due 2029 (the "2029 Notes" and, together with the 2026 Notes, the "Notes"). The 2026 Notes will mature on April 1, 2026 and the 2029 Notes will mature on April 1, 2029, unless earlier redeemed in accordance with their respective terms. The Notes are guaranteed by Mattel’s existing and, subject to certain exceptions, future wholly-owned domestic restricted subsidiaries that guarantee Mattel’s senior secured revolving credit facilities or certain other indebtedness. The net proceeds from the offering, together with cash on hand, were used to redeem $1.225 billion in aggregate principal amount of Mattel’s outstanding 6.750% Senior Notes due December 2025 (the "2025 Notes") and pay related prepayment premiums and transaction fees and expenses. As a result of the partial redemption of the 2025 Notes, Mattel incurred a loss on extinguishment of $83.2 million, comprised of $62.0 million of prepayment premium costs and a $21.2 million write-off of the unamortized debt issuance costs, which was recorded within interest expense in the consolidated statements of operations in the first quarter of 2021. On July 1, 2021, Mattel redeemed the remaining outstanding $275 million aggregate principal amount of the 2025 Notes. As a result of the redemption, Mattel incurred a loss on extinguishment of $18.5 million, comprised of $14.0 million of prepayment premium costs and a $4.5 million write-off of the unamortized debt issuance costs, which was recorded within interest expense in the consolidated statements of operations in the third quarter of 2021.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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