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Employee Benefit Plans | 6 Months Ended
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Jun. 30, 2023
Retirement Benefits [Abstract] |
Employee Benefit Plans | Employee Benefit PlansMattel and certain of its subsidiaries have qualified and nonqualified retirement plans covering substantially all employees of these companies, which are more fully described in Part II, Item 8 "Financial Statements and Supplementary Data—Note 4 to the Consolidated Financial Statements–Employee Benefit Plans" in the 2022 Annual Report on Form 10-K. The components of net periodic benefit cost for Mattel's defined benefit pension plans were as follows:
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022
| (In thousands)
Service cost | $ | 858 |  |  | $ | 1,019 |  |  | $ | 1,701 |  |  | $ | 2,066 |
Interest cost | 5,237 |  |  | 3,039 |  |  | 10,435 |  |  | 6,116 |
Expected return on plan assets | (5,097) |  |  | (4,826) |  |  | (10,177) |  |  | (9,704) |
Amortization of prior service cost | 38 |  |  | 73 |  |  | 75 |  |  | 113 |
Recognized actuarial loss | 1,467 |  |  | 2,344 |  |  | 2,932 |  |  | 4,591 |
| $ | 2,503 |  |  | $ | 1,649 |  |  | $ | 4,966 |  |  | $ | 3,182 |
The components of net periodic benefit cost for Mattel's postretirement benefit plans were as follows:
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022
| (In thousands)
Interest cost | $ | 45 |  |  | $ | 22 |  |  | $ | 90 |  |  | $ | 44 |
Amortization of prior service credit | (509) |  |  | (509) |  |  | (1,018) |  |  | (1,018) |
Recognized actuarial gain | (57) |  |  | (25) |  |  | (114) |  |  | (50) |
| $ | (521) |  |  | $ | (512) |  |  | $ | (1,042) |  |  | $ | (1,024) |
Mattel's service cost component is recorded within operating income (loss) while other components of net periodic pension cost and postretirement benefit cost are recorded within other non-operating (income) expense, net. During the six months ended June 30, 2023, Mattel made cash contributions totaling approximately $2 million related to its defined benefit pension and postretirement benefit plans. During the remainder of 2023, Mattel expects to make additional cash contributions of approximately $4 million.

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