XML 34 R25.htm IDEA: XBRL DOCUMENT
v3.22.1

Restructuring Charges | 3 Months Ended
--- | ---
Mar. 31, 2022
Restructuring and Related Activities [Abstract] |
Restructuring Charges | Restructuring Charges Optimizing for Growth (formerly Capital Light) In February 2021, Mattel announced the Optimizing for Growth program, a multi-year cost savings program that integrates and expands upon the previously announced Capital Light program, which commenced in 2019 (the "Program"). In connection with the Program, Mattel recorded severance and other restructuring costs in the following cost and expense categories within the consolidated statements of operations for the three months ended March 31, 2022 and 2021 respectively:
| For the Three Months Ended |  |
| March 31, 2022 |  | March 31, 2021 |  |  |  |
| (In thousands)
Cost of sales (a) | $ | 2,669 |  |  | $ | 1,932 |  |  |  |  |
Other selling and administrative expenses (b) | 6,414 |  |  | 5,710 |  |  |  |  |
| $ | 9,083 |  |  | $ | 7,642 |  |  |  |  |
(a)Severance and other restructuring costs recorded within cost of sales in the consolidated statements of operations include charges associated with the consolidation of manufacturing facilities. (b)Severance and other restructuring costs recorded within other selling and administrative expenses in the consolidated statements of operations are included in corporate and other expense in "Note 21 to the Consolidated Financial Statements—Segment Information." The following tables summarize Mattel's severance and other restructuring charges activity related to the Program:
| Liability at December 31, 2021 |  | Charges (a) |  | Payments/Utilization |  | Liability at March 31, 2022
| (In thousands)
Severance | $ | 12,411 |  |  | $ | 3,518 |  |  | $ | (3,901) |  |  | $ | 12,028 |
Other restructuring charges | 2,834 |  |  | 5,565 |  |  | (5,178) |  |  | 3,221 |
| $ | 15,245 |  |  | $ | 9,083 |  |  | $ | (9,079) |  |  | $ | 15,249 |
| Liability at December 31, 2020 |  | Charges (a) |  | Payments/Utilization |  | Liability at March 31, 2021
| (In thousands)
Severance | $ | 5,294 |  |  | $ | 4,342 |  |  | $ | (1,405) |  |  | $ | 8,231 |
Other restructuring charges | 30 |  |  | 3,300 |  |  | (3,071) |  |  | 259 |
| $ | 5,324 |  |  | $ | 7,642 |  |  | $ | (4,476) |  |  | $ | 8,490 |
(a) Other restructuring charges consist primarily of charges associated with the consolidation of manufacturing facilities and commercial and corporate functions. As of March 31, 2022, Mattel had recorded cumulative severance and other restructuring charges related to the Program of approximately $95 million, which included approximately $23 million of non-cash charges. Furthermore, cumulatively, in conjunction with previous actions taken under the Capital Light program, total expected cash expenditures are approximately $140 to $165 million and total expected non-cash charges are $70 to $75 million. During the three months ended March 31, 2021, in connection with the Program, Mattel completed the sale of a manufacturing plant based in Mexico, which included land and buildings, resulting in a pre-tax gain of $15.8 million.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration