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Employee Benefit Plans | 9 Months Ended
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Sep. 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 Nine Months Ended
| September 30, 2023 |  | September 30, 2022 |  | September 30, 2023 |  | September 30, 2022
| (In thousands)
Service cost | $ | 848 |  |  | $ | 980 |  |  | $ | 2,548 |  |  | $ | 3,046 |
Interest cost | 5,234 |  |  | 2,996 |  |  | 15,670 |  |  | 9,112 |
Expected return on plan assets | (5,103) |  |  | (4,776) |  |  | (15,280) |  |  | (14,480) |
Amortization of prior service cost | 37 |  |  | 5 |  |  | 112 |  |  | 118 |
Recognized actuarial loss | 1,467 |  |  | 2,133 |  |  | 4,399 |  |  | 6,724 |
| $ | 2,483 |  |  | $ | 1,338 |  |  | $ | 7,449 |  |  | $ | 4,520 |
The components of net periodic benefit cost for Mattel's postretirement benefit plans were as follows:
| For the Three Months Ended |  | For the Nine Months Ended
| September 30, 2023 |  | September 30, 2022 |  | September 30, 2023 |  | September 30, 2022
| (In thousands)
Interest cost | $ | 45 |  |  | $ | 22 |  |  | $ | 134 |  |  | $ | 66 |
Amortization of prior service credit | (509) |  |  | (509) |  |  | (1,528) |  |  | (1,527) |
Recognized actuarial gain | (57) |  |  | (25) |  |  | (170) |  |  | (75) |
| $ | (521) |  |  | $ | (512) |  |  | $ | (1,564) |  |  | $ | (1,536) |
Mattel's service cost component is recorded within operating income while other components of net periodic pension cost and postretirement benefit cost are recorded within other non-operating (income) expense, net. During the nine months ended September 30, 2023, Mattel made cash contributions totaling approximately $11 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 $3 million.

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