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v3.23.1

Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2023
Segment Reporting [Abstract] |
Segment Information | Segment Information Mattel designs, manufactures, and markets a broad variety of toy products worldwide, which are sold to its customers and directly to consumers. Segment Data Mattel's reportable segments are: (i) North America, which consists of the United States and Canada; (ii) International; and (iii) American Girl. The North America and International segments sell products across Mattel's categories, although some products are developed and adapted for particular international markets. The following tables present information regarding Mattel's net sales, operating (loss) income, and assets by reportable segment. The corporate and other expense category includes operating costs not allocated to individual segments, including charges related to incentive and share-based compensation, corporate headquarters functions managed on a worldwide basis, the impact of changes in foreign currency exchange rates on intercompany transactions, and certain severance and other restructuring costs. It is impracticable for Mattel to present net sales by categories, brands, or products, as trade discounts and other allowances are generally recorded in the financial accounting systems by customer.
| For the Three Months Ended |  |
| March 31, 2023 |  | March 31, 2022 |  |  |  |
| (In thousands)
Net Sales by Segment |  |  |  |  |  |  |
North America | $ | 437,015 |  |  | $ | 602,118 |  |  |  |  |
International | 344,093 |  |  | 403,842 |  |  |  |  |
American Girl | 33,471 |  |  | 35,341 |  |  |  |  |
Net sales | $ | 814,579 |  |  | $ | 1,041,301 |  |  |  |  |
| For the Three Months Ended |  |
| March 31, 2023 |  | March 31, 2022 |  |  |  |
| (In thousands)
Operating (Loss) Income by Segment (a) |  |  |  |  |  |  |
North America | $ | 43,942 |  |  | $ | 171,413 |  |  |  |  |
International | 313 |  |  | 46,833 |  |  |  |  |
American Girl | (11,799) |  |  | (17,227) |  |  |  |  |
| 32,456 |  |  | 201,019 |  |  |  |  |
Corporate and other expense (b) | (147,493) |  |  | (120,952) |  |  |  |  |
Operating (Loss) Income | (115,037) |  |  | 80,067 |  |  |  |  |
Interest expense | 31,128 |  |  | 33,049 |  |  |  |  |
Interest (income) | (6,519) |  |  | (1,202) |  |  |  |  |
Other non-operating (income) expense, net | (1,439) |  |  | 9,112 |  |  |  |  |
(Loss) Income Before Income Taxes | $ | (138,207) |  |  | $ | 39,108 |  |  |  |  |
(a)Segment operating (loss) income included severance and other restructuring charges of $2.7 million for the three months ended March 31, 2022, which were allocated to the North America and International segments, and no severance and other restructuring charges were allocated to the segments for the three months ended March 31, 2023. (b)Corporate and other expense included (i) severance and restructuring charges of $23.9 million and $6.8 million for the three months ended March 31, 2023 and 2022, respectively, (ii) inclined sleeper product recall litigation expense of $4.3 million and $0.6 million for the three months ended March 31, 2023 and 2022, respectively. Segment assets are comprised of accounts receivable, net and inventories.
| March 31, 2023 |  | March 31, 2022 |  | December 31, 2022
| (In thousands)
Assets by Segment |  |  |  |  |
North America | $ | 732,004 |  |  | $ | 819,929 |  |  | $ | 778,897 |
International | 694,469 |  |  | 711,586 |  |  | 756,830 |
American Girl | 61,017 |  |  | 58,040 |  |  | 58,833 |
| 1,487,490 |  |  | 1,589,555 |  |  | 1,594,560 |
Corporate and other | 147,402 |  |  | 241,847 |  |  | 159,725 |
Accounts receivable, net and inventories | $ | 1,634,892 |  |  | $ | 1,831,402 |  |  | $ | 1,754,285 |
Geographic Information The table below presents information by geographic area. Net sales are attributed to countries based on location of the customer.
| For the Three Months Ended |  |
| March 31, 2023 |  | March 31, 2022 |  |  |  |
| (In thousands)
Net Sales by Geographic Area |  |  |  |  |  |  |
North America | $ | 470,486 |  |  | $ | 637,459 |  |  |  |  |
International |  |  |  |  |  |  |
EMEA | 209,356 |  |  | 277,742 |  |  |  |  |
Latin America | 75,531 |  |  | 71,974 |  |  |  |  |
Asia Pacific | 59,206 |  |  | 54,126 |  |  |  |  |
Total International | 344,093 |  |  | 403,842 |  |  |  |  |
Net sales | $ | 814,579 |  |  | $ | 1,041,301 |  |  |  |  |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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