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Derivative Instruments
 9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative InstrumentsMattel seeks to mitigate its exposure to foreign currency transaction risk by monitoring its foreign currency transaction exposure for the year and partially hedging such exposure using foreign currency forward exchange contracts. Mattel uses foreign currency forward exchange contracts as cash flow hedges primarily to hedge its purchases and sales of inventory denominated in foreign currencies. These contracts generally have maturity dates of up to 24 months. These derivative instruments have been designated as effective cash flow hedges, whereby the unsettled hedges are reported in Mattel's consolidated balance sheets at fair value, with changes in the fair value of the hedges reflected in other comprehensive income (loss) ("OCI"). Realized gains and losses for these contracts are recorded in the consolidated statements of operations in the period in which the inventory is sold to customers. Mattel uses foreign currency forward exchange contracts to hedge intercompany loans and advances denominated in foreign currencies. Due to the short-term nature of the contracts involved, Mattel does not use hedge accounting for these contracts, and as such, changes in fair value are recorded in the period of change in the consolidated statements of operations. Mattel utilizes derivative contracts to hedge certain purchases of commodities, which were not material. As of September 30, 2022, September 30, 2021, and December 31, 2021, Mattel held foreign currency forward exchange contracts and other commodity derivative instruments, with notional amounts of approximately $771 million, $861 million, and $925 million, respectively.
The following tables present Mattel's derivative assets and liabilities:
 Derivative Assets
 Balance Sheet ClassificationFair Value
 September 30,
2022		September 30,
2021		December 31,
2021
(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange and other contractsPrepaid expenses and other current assets$41,832 $11,624 $13,361 
Foreign currency forward exchange and other contractsOther noncurrent assets8,320 2,775 1,000 
Total derivatives designated as hedging instruments$50,152 $14,399 $14,361 
Derivatives not designated as hedging instruments
Foreign currency forward exchange and other contractsPrepaid expenses and other current assets$3,424 $1,165 $3,714 
$53,576 $15,564 $18,075 
 Derivative Liabilities
 Balance Sheet ClassificationFair Value
 September 30,
2022		September 30,
2021		December 31,
2021
(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange and other contractsAccrued liabilities$1,981 $4,046 $2,301 
Foreign currency forward exchange and other contractsOther noncurrent liabilities194 7 280 
Total derivatives designated as hedging instruments$2,175 $4,053 $2,581 
Derivatives not designated as hedging instruments
Foreign currency forward exchange and other contractsAccrued liabilities$3,609 $2,247 $1,229 
Foreign currency forward exchange and other contractsOther noncurrent liabilities$44 $— $— 
Total derivatives not designated as hedging instruments$3,653 $2,247 $1,229 
$5,828 $6,300 $3,810 
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
 September 30,
2022		September 30,
2021		Statements of
Operations
Classification
 (In thousands)
Foreign currency forward exchange contracts:
Amount of gains recognized in OCI$24,715 $13,900 
Amount of gains reclassified from accumulated OCI to consolidated statements of operations11,312 2,223 Cost of sales

Derivatives Designated As Hedging Instruments
For the Nine Months Ended
 September 30,
2022		September 30,
2021		Statements of
Operations
Classification
 (In thousands)
Foreign currency forward exchange contracts:
Amount of gains recognized in OCI$58,604 $23,230 
Amount of gains reclassified from accumulated OCI to consolidated statements of operations20,667 2,893 Cost of sales
The net gains reclassified from accumulated other comprehensive loss to the consolidated statements of operations during the three and nine months ended September 30, 2022 and 2021, respectively, were offset by the changes in cash flows associated with the underlying hedged transactions.
 Derivatives Not Designated As Hedging Instruments
For the Three Months Ended
September 30,
2022		September 30,
2021		Statements of
Operations
Classification
 (In thousands)
Amount of net (losses) recognized in the Statements of Operations
Foreign currency forward exchange and other contract (losses)$(2,279)$(2,900)Other non-operating (income) expense, net
Foreign currency forward exchange and other contract gains— — Cost of sales
$(2,279)$(2,900)

 Derivatives Not Designated As Hedging Instruments
For the Nine Months Ended
September 30,
2022		September 30,
2021		Statements of
Operations
Classification
 (In thousands)
Amount of net gains (losses) recognized in the Statements of Operations
Foreign currency forward exchange and other contract gains (losses)$843 $(3,863)Other non-operating (income) expense, net
Foreign currency forward exchange and other contract gains— 639 Cost of sales
$843 $(3,224)
The net gains (losses) recognized in the consolidated statements of operations during the three and nine months ended September 30, 2022 and September 30, 2021, respectively, were partially offset by foreign currency transaction gains and losses on the related derivative balances.