Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2022

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
		March 31, 2022		March 31, 2021		December 31, 2021
		(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange and other contracts	Prepaid expenses and other current assets	$	17,146	$	4,534	$	13,361
Foreign currency forward exchange and other contracts	Other noncurrent assets	1,655		1,250		1,000
Total derivatives designated as hedging instruments		$	18,801	$	5,784	$	14,361
Derivatives not designated as hedging instruments
Foreign currency forward exchange and other contracts	Prepaid expenses and other current assets	$	14,096	$	2,050	$	3,714
		$	32,897	$	7,834	$	18,075

	Derivative Liabilities
	Balance Sheet Classification	Fair Value
		March 31, 2022		March 31, 2021		December 31, 2021
		(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange and other contracts	Accrued liabilities	$	2,345	$	11,009	$	2,301
Foreign currency forward exchange and other contracts	Other noncurrent liabilities	720		808		280
Total derivatives designated as hedging instruments		$	3,065	$	11,817	$	2,581
Derivatives not designated as hedging instruments
Foreign currency forward exchange and other contracts	Accrued liabilities	$	454	$	5,487	$	1,229
		$	3,519	$	17,304	$	3,810

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

March 31,
2022

March 31,
2021

Statements of
Operations
Classification

(In thousands)

Foreign currency forward exchange contracts:

Amount of gains recognized in OCI

7,464

10,101

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

1,357

2,730

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
	March 31, 2022		March 31, 2021		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)	$	(7,832)	$	(8,636)	Other non-operating (income)/expense, net

Foreign currency forward exchange and other contract gains	—		639		Cost of sales
	$	(7,832)	$	(7,997)