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Employee Benefit Plans
6 Months Ended
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 EndedFor 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 cost5,237 3,039 10,435 6,116 
Expected return on plan assets(5,097)(4,826)(10,177)(9,704)
Amortization of prior service cost38 73 75 113 
Recognized actuarial loss1,467 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 EndedFor 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.