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Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Sep. 30, 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 loss, including current period other comprehensive loss and reclassifications from accumulated other comprehensive income (loss):
| For the Three Months Ended September 30, 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 June 30, 2023 | $ | 5,221 |  |  | $ | — |  |  | $ | (137,042) |  |  | $ | (765,431) |  |  | $ | (897,252) |
Other comprehensive income (loss) before reclassifications | 7,521 |  |  | — |  |  | 5 |  |  | (39,273) |  |  | (31,747) |
Amounts reclassified from accumulated other comprehensive income (loss) | (5,801) |  |  | — |  |  | 659 |  |  | — |  |  | (5,142) |
Net increase (decrease) in other comprehensive income | 1,720 |  |  | — |  |  | 664 |  |  | (39,273) |  |  | (36,889) |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of September 30, 2023 | $ | 6,941 |  |  | $ | — |  |  | $ | (136,378) |  |  | $ | (804,704) |  |  | $ | (934,141) |
| For the Nine Months Ended September 30, 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 | (1,729) |  |  | — |  |  | 20 |  |  | (8,992) |  |  | (10,701) |
Amounts reclassified from accumulated other comprehensive income (loss) | (14,062) |  |  | — |  |  | 2,100 |  |  | — |  |  | (11,962) |
Net (decrease) increase in other comprehensive income | (15,791) |  |  | — |  |  | 2,120 |  |  | (8,992) |  |  | (22,663) |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of September 30, 2023 | $ | 6,941 |  |  | $ | — |  |  | $ | (136,378) |  |  | $ | (804,704) |  |  | $ | (934,141) |
| For the Three Months Ended September 30, 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 June 30, 2022 | $ | 33,330 |  |  | $ | — |  |  | $ | (151,388) |  |  | $ | (795,090) |  |  | $ | (913,148) |
Other comprehensive income (loss) before reclassifications | 24,715 |  |  | — |  |  | 63 |  |  | (72,643) |  |  | (47,865) |
Amounts reclassified from accumulated other comprehensive income (loss) | (11,312) |  |  | — |  |  | 1,291 |  |  | — |  |  | (10,021) |
Net increase (decrease) in other comprehensive income | 13,403 |  |  | — |  |  | 1,354 |  |  | (72,643) |  |  | (57,886) |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of September 30, 2022 | $ | 46,733 |  |  | $ | — |  |  | $ | (150,034) |  |  | $ | (867,733) |  |  | $ | (971,034) |
| For the Nine Months Ended September 30, 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 | 58,604 |  |  | — |  |  | (35) |  |  | (78,212) |  |  | (19,643) |
Amounts reclassified from accumulated other comprehensive income (loss) | (20,667) |  |  | 3,646 |  |  | 4,100 |  |  | — |  |  | (12,921) |
Net increase (decrease) in other comprehensive income | 37,937 |  |  | 3,646 |  |  | 4,065 |  |  | (78,212) |  |  | (32,564) |
Adjustment of accumulated other comprehensive loss to retained earnings | — |  |  | 2,801 |  |  | — |  |  | — |  |  | 2,801 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of September 30, 2022 | $ | 46,733 |  |  | $ | — |  |  | $ | (150,034) |  |  | $ | (867,733) |  |  | $ | (971,034) |
The following tables present the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:
| For the Three Months Ended |  |
| September 30, 2023 |  | September 30, 2022 |  | Statements of Operations Classification
| (In thousands) |  |
Derivative Instruments: |
Gain on foreign currency forward exchange and other contracts | $ | 5,784 |  |  | $ | 11,292 |  |  | Cost of sales
Tax effect | 17 |  |  | 20 |  |  | Provision for income taxes
| $ | 5,801 |  |  | $ | 11,312 |  |  | Net income
Employee Benefit Plans: |  |  |  |  |
Amortization of prior service credit (a) | $ | 472 |  |  | $ | 504 |  |  | Other non-operating (income) expense, net
Recognized actuarial loss (a) | (1,410) |  |  | (2,108) |  |  | Other non-operating (income) expense, net
| (938) |  |  | (1,604) |  |  |
Tax effect | 279 |  |  | 313 |  |  | Provision for income taxes
| $ | (659) |  |  | $ | (1,291) |  |  | Net 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.
| For the Nine Months Ended |  |
| September 30, 2023 |  | September 30, 2022 |  | Statements of Operations Classification
| (In thousands) |  |
Derivative Instruments: |
Gain on foreign currency forward exchange and other contracts | $ | 13,709 |  |  | $ | 20,764 |  |  | Cost of sales
Tax effect | 353 |  |  | (97) |  |  | Provision for income taxes
| $ | 14,062 |  |  | $ | 20,667 |  |  | Net income
Employee Benefit Plans: |  |  |  |  |
Amortization of prior service credit (a) | $ | 1,416 |  |  | $ | 1,409 |  |  | Other non-operating (income) expense, net
Recognized actuarial loss (a) | (4,229) |  |  | (6,649) |  |  | Other non-operating (income) expense, net
| (2,813) |  |  | (5,240) |  |  |
Tax effect | 713 |  |  | 1,140 |  |  | Provision for income taxes
| $ | (2,100) |  |  | $ | (4,100) |  |  | Net 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 Accounting Standards Codification 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 nine months ended September 30, 2023, currency translation adjustments resulted in a net loss of $9.0 million, primarily due to the weakening of the Russian ruble and Malaysian ringgit against the U.S. dollar, offset by the strengthening of the Mexican peso, British pound sterling, and Brazilian real against the U.S. dollar. During the nine months ended September 30, 2022, currency translation adjustments resulted in a net loss of $78.2 million, primarily due to the weakening of the British pound sterling and the Euro against the U.S. dollar, offset by the strengthening of the Russian ruble against the U.S. dollar.

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- 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://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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