Property, Plant, and Equipment, Net

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property, plant, and equipment, net includes the following:


	September 30, 2022		September 30, 2021		December 31, 2021
	(In thousands)
Land	$	19,198	$	21,817	$	21,811
Buildings	303,862		315,222		317,114
Machinery and equipment	711,000		754,440		762,462
Software	343,172		344,427		348,062
Tools, dies, and molds	526,639		587,886		537,499
Leasehold improvements	105,223		117,692		115,844
Construction in progress	61,938		53,060		55,559
	2,071,032		2,194,544		2,158,351
Less: accumulated depreciation	(1,626,590)		(1,738,655)		(1,702,385)
	$	444,442	$	455,889	$	455,966

During the three months ended June 30, 2022, Mattel completed the sale of the American Girl corporate offices and a distribution center, located in Middleton, Wisconsin, which included land and buildings. The assets sold were previously designated as held for sale, and included within property, plant, and equipment, net in the consolidated balance sheet. Mattel received net proceeds from the sale of $23.8 million, which resulted in a pre-tax gain of $15.2 million, recorded in other selling and administrative expenses in the consolidated statement of operations.

During the three months ended March 31, 2021, Mattel completed the sale of a manufacturing plant, located in Mexico, which included land and buildings. The assets sold were previously designated as held for sale, and included within property, plant, and equipment, net in the consolidated balance sheet. Mattel received net proceeds from the sale of $24.8 million, which resulted in a pre-tax gain of $15.8 million, recorded in other selling and administrative expenses in the consolidated statement

of operations.