XML 34 R25.htm IDEA: XBRL DOCUMENT v3.22.2.2
Restructuring Charges
 9 Months Ended
Sep. 30, 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 EndedFor the Nine Months Ended
September 30,
2022		September 30,
2021		September 30,
2022		September 30,
2021
 (In thousands)
Cost of sales (a)$1,366 $148 $9,795 $1,930 
Other selling and administrative expenses (b)4,441 9,258 16,602 26,411 
$5,807 $9,406 $26,397 $28,341 
(a)Severance and other restructuring costs recorded within cost of sales in the consolidated statements of operations are included in segment operating income (loss) in "Note 21 to the Consolidated Financial Statements—Segment Information."
(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 for the nine months ended September 30, 2022 and 2021, respectively:
Liability at December 31, 2021 Charges (a)Payments/UtilizationLiability at
September 30, 2022
(In thousands)
Severance$12,411 $14,021 $(12,290)$14,142 
Other restructuring charges2,834 12,376 (14,278)932 
$15,245 $26,397 $(26,568)$15,074 
Liability at December 31, 2020Charges (a)Payments/UtilizationLiability at
September 30, 2021
(In thousands)
Severance$5,294 $15,277 $(7,716)$12,855 
Other restructuring charges30 13,064 (10,179)2,915 
$5,324 $28,341 $(17,895)$15,770 
(a) Other restructuring charges consist primarily of charges associated with the consolidation of manufacturing facilities and restructuring of commercial and corporate functions.
As of September 30, 2022, Mattel had recorded cumulative severance and other restructuring charges related to the Program of approximately $112 million, which included approximately $26 million of non-cash charges. Furthermore, cumulatively, in conjunction with previous actions taken under the Capital Light program, total expected cash expenditures are approximately $165 to $190 million and total expected non-cash charges are approximately $70 to $75 million.