XML 54 R45.htm IDEA: XBRL DOCUMENT
v3.23.2

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Segment Reporting [Abstract] |
Schedule of Revenues from Segment to Consolidated | The following tables present information regarding Mattel's net sales, operating income (loss), 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 |  | For the Six Months Ended
| June 30, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022
| (In thousands)
Net Sales by Segment |  |  |  |  |  |  |
North America | $ | 596,818 |  |  | $ | 726,504 |  |  | $ | 1,033,833 |  |  | $ | 1,328,621 |
International | 462,712 |  |  | 476,396 |  |  | 806,805 |  |  | $ | 880,238 |
American Girl | 27,634 |  |  | 32,787 |  |  | 61,105 |  |  | 68,128 |
Net sales | $ | 1,087,164 |  |  | $ | 1,235,687 |  |  | $ | 1,901,743 |  |  | $ | 2,276,987 |
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022
| (In thousands)
Operating income (loss) by Segment (a) |  |  |  |  |  |  |
North America | $ | 140,055 |  |  | $ | 198,887 |  |  | $ | 183,997 |  |  | $ | 370,300 |
International | 42,911 |  |  | 58,350 |  |  | 43,224 |  |  | 105,184 |
American Girl | (7,702) |  |  | 5,765 |  |  | (19,501) |  |  | (11,462) |
| 175,264 |  |  | 263,002 |  |  | 207,720 |  |  | 464,022 |
Corporate and other expense (b) | (112,489) |  |  | (137,922) |  |  | (259,983) |  |  | (258,875) |
Operating income (loss) | 62,775 |  |  | 125,080 |  |  | (52,263) |  |  | 205,147 |
Interest expense | 30,642 |  |  | 32,811 |  |  | 61,770 |  |  | 65,860 |
Interest (income) | (4,321) |  |  | (1,959) |  |  | (10,840) |  |  | (3,161) |
Other non-operating (income) expense, net | (2,147) |  |  | 7,147 |  |  | (3,586) |  |  | 16,259 |
Income (loss) before income taxes | $ | 38,601 |  |  | $ | 87,081 |  |  | $ | (99,607) |  |  | $ | 126,189 |
(a)Segment operating income (loss) included (i) severance and other restructuring charges of $(1.2) million for the three and six months ended June 30, 2023, and $5.8 million and $8.4 million for the three and six months ended June 30, 2022, respectively, which were allocated to the North America and International segments; and (ii) a gain on sale of assets of $15.2 million from the sale of the American Girl corporate office and distribution center for the three and six months ended June 30, 2022, which was recorded in the American Girl segment. (b)Corporate and other expense included (i) severance and other restructuring charges of $9.8 million and $33.7 million for the three and six months ended June 30, 2023 and $5.8 million and $12.6 million for the three and six months ended June 30, 2022, respectively; (ii) inclined sleeper product recall litigation expense of $3.4 million and $7.7 million for the three and six months ended June 30, 2023, respectively; and (iii) no expenses related to inclined sleeper product recall litigation for the three months ended June 30, 2022 and $0.6 million for the six months ended June 30, 2022.
Schedule of Segment Assets | Segment assets are comprised of accounts receivable, net and inventories.
| June 30, 2023 |  | June 30, 2022 |  | December 31, 2022
| (In thousands)
Assets by Segment |  |  |  |  |
North America | $ | 846,352 |  |  | $ | 1,026,173 |  |  | $ | 778,897 |
International | 833,407 |  |  | 809,990 |  |  | 756,830 |
American Girl | 67,646 |  |  | 72,806 |  |  | 58,833 |
| 1,747,405 |  |  | 1,908,969 |  |  | 1,594,560 |
Corporate and other | 115,091 |  |  | 257,776 |  |  | 159,725 |
Accounts receivable, net and inventories | $ | 1,862,496 |  |  | $ | 2,166,745 |  |  | $ | 1,754,285 |
Schedule of Revenues by Geographic Area | The following table presents information regarding Mattel's net sales by geographic area. Net sales are attributed to countries based on the location of the customer.
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2023 |  | June 30, 2022 |  | June 30, 2023 |  | June 30, 2022
| (In thousands)
Net Sales by Geographic Area |  |  |  |  |  |  |
North America | $ | 624,452 |  |  | $ | 759,291 |  |  | $ | 1,094,938 |  |  | $ | 1,396,749 |
International |  |  |  |  |  |  |
EMEA | 241,692 |  |  | 270,910 |  |  | 451,048 |  |  | 548,652 |
Latin America | 138,046 |  |  | 124,752 |  |  | 213,577 |  |  | 196,725 |
Asia Pacific | 82,974 |  |  | 80,734 |  |  | 142,180 |  |  | 134,861 |
Total International | 462,712 |  |  | 476,396 |  |  | 806,805 |  |  | 880,238 |
Net sales | $ | 1,087,164 |  |  | $ | 1,235,687 |  |  | $ | 1,901,743 |  |  | $ | 2,276,987 |

X
- Definition Tabular disclosure of segment accounts receivable and inventories, net. + References No definition available. + Details
Name: | mat_ScheduleOfSegmentAccountsReceivableAndInventoriesNetTableTextBlock
Namespace Prefix: | mat_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph a -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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