XML 27 R17.htm IDEA: XBRL DOCUMENT
v3.23.1

Accumulated Other Comprehensive Income (Loss) | 3 Months Ended
--- | ---
Mar. 31, 2023
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) The following tables present changes in the accumulated balances for each component of other comprehensive income (loss), including current period other comprehensive income (loss) and reclassifications out of accumulated other comprehensive income (loss):
| For the Three Months Ended March 31, 2023
| Derivative Instruments |  | Available-for-Sale Security |  | Employee Benefit Plans |  | Currency Translation Adjustments |  | Total
| (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2022 | $ | 22,732 |  |  | $ | — |  |  | $ | (138,498) |  |  | $ | (795,712) |  |  | $ | (911,478) |
Other comprehensive (loss) income before reclassifications | (1,772) |  |  | — |  |  | 7 |  |  | 28,100 |  |  | 26,335 |
Amounts reclassified from accumulated other comprehensive loss | (3,895) |  |  | — |  |  | 720 |  |  | — |  |  | (3,175) |
Net (decrease) increase in other comprehensive income | (5,667) |  |  | — |  |  | 727 |  |  | 28,100 |  |  | 23,160 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2023 | $ | 17,065 |  |  | $ | — |  |  | $ | (137,771) |  |  | $ | (767,612) |  |  | $ | (888,318) |
| For the Three Months Ended March 31, 2022
| Derivative Instruments |  | Available-for-Sale Security |  | Employee Benefit Plans |  | Currency Translation Adjustments |  | Total
| (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2021 | $ | 8,796 |  |  | $ | (6,447) |  |  | $ | (154,099) |  |  | $ | (789,521) |  |  | $ | (941,271) |
Other comprehensive income (loss) before reclassifications | 7,464 |  |  | — |  |  | (315) |  |  | 921 |  |  | 8,070 |
Amounts reclassified from accumulated other comprehensive loss | (1,357) |  |  | 3,646 |  |  | 1,702 |  |  | — |  |  | 3,991 |
Net increase in other comprehensive income | 6,107 |  |  | 3,646 |  |  | 1,387 |  |  | 921 |  |  | 12,061 |
Adjustment of accumulated other comprehensive loss to retained earnings | — |  |  | 2,801 |  |  | — |  |  | — |  |  | 2,801 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2022 | $ | 14,903 |  |  | $ | — |  |  | $ | (152,712) |  |  | $ | (788,600) |  |  | $ | (926,409) |
The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:
| For the Three Months Ended |  |
| March 31, 2023 |  | March 31, 2022 |  | Statements of Operations Classification
| (In thousands) |  |
Derivative Instruments: |
Gain on foreign currency forward exchange and other contracts | $ | 3,603 |  |  | $ | 1,429 |  |  | Cost of sales
Tax effect | 292 |  |  | (72) |  |  | (Benefit) Provision for income taxes
| $ | 3,895 |  |  | $ | 1,357 |  |  | Net (Loss) Income
Employee Benefit Plans: |  |  |  |  |
Amortization of prior service credit (a) | $ | 472 |  |  | $ | 469 |  |  | Other non-operating (income) expense, net
Recognized actuarial loss (a) | (1,408) |  |  | (2,222) |  |  | Other non-operating (income) expense, net
| (936) |  |  | (1,753) |  |  |
Tax effect | 216 |  |  | 51 |  |  | (Benefit) Provision for income taxes
| $ | (720) |  |  | $ | (1,702) |  |  | Net (Loss) Income
(a)The amortization of prior service credit and recognized actuarial loss are included in the computation of net periodic benefit cost. Refer to "Note 15 to the Consolidated Financial Statements—Employee Benefit Plans" for additional information regarding Mattel's net periodic benefit cost. During the three months ended March 31, 2022, Mattel adjusted accumulated other comprehensive loss by $6.4 million in relation to previously recorded available-for-sale equity securities. This amount was adjusted in order to account for such securities in a manner consistent with ASC 321, Investments—Equity Securities. The adjustment included $3.6 million of accumulated other comprehensive loss reclassified to other non-operating expense (income), net in the consolidated statement of operations and $2.8 million reclassified to retained earnings in the consolidated statement of stockholders' equity. The adjustment, including tax effect, was immaterial to the financial statements. Currency Translation Adjustments During the three months ended March 31, 2023, currency translation adjustments resulted in a net gain of $28.1 million, primarily due to the strengthening of the Mexican peso, British pound sterling, Chilean peso, and Brazilian real against the U.S. dollar, offset by the weakening of the Russian ruble against the U.S. dollar. During the three months ended March 31, 2022, currency translation adjustments resulted in a net gain of $0.9 million, primarily due to the strengthening of the Brazilian real, Mexican peso, and the Chilean peso against the U.S. dollar, offset by the weakening of the British pound sterling and the Russian ruble against the U.S. dollar.

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration