XML 47 R38.htm IDEA: XBRL DOCUMENT v3.23.3
Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Assets and Liabilities
The following tables present Mattel's derivative assets and liabilities:
 Derivative Assets
 Balance Sheet ClassificationFair Value
September 30,
2023		September 30,
2022		December 31,
2022
(In thousands)
Derivatives Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsPrepaid expenses and other current assets$13,308 $41,832 $14,899 
Foreign currency forward exchange and other contractsOther noncurrent assets747 8,320 1,501 
Total Derivatives Designated as Hedging Instruments$14,055 $50,152 $16,400 
Derivatives Not Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsPrepaid expenses and other current assets$519 $3,424 $1,163 
Total Derivatives Not Designated as Hedging Instruments$519 $3,424 $1,163 
$14,574 $53,576 $17,563 
 Derivative Liabilities
 Balance Sheet ClassificationFair Value
 September 30,
2023		September 30,
2022		December 31,
2022
(In thousands)
Derivatives Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsAccrued liabilities$1,997 $1,981 $3,647 
Foreign currency forward exchange and other contractsOther noncurrent liabilities14 194 807 
Total Derivatives Designated as Hedging Instruments$2,011 $2,175 $4,454 
Derivatives Not Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsAccrued liabilities$323 $3,609 $6,261 
Foreign currency forward exchange and other contractsOther noncurrent liabilities— 44 39 
Total Derivatives Not Designated as Hedging Instruments$323 $3,653 $6,300 
$2,334 $5,828 $10,754 
Schedule of Derivatives Designated as Hedging Instruments by Classification and Amount of Gains and Losses
The following tables present the classification and amount of gains and losses, net of tax, from derivatives reported in the consolidated statements of operations:
Derivatives Designated as Hedging Instruments
For the Three Months Ended
 September 30,
2023		September 30,
2022		Statements of
Operations
Classification
 (In thousands)
Foreign Currency Forward Exchange and Other Contracts:
Amount of gains recognized in OCI$7,521 $24,715 
Amount of gains reclassified from accumulated OCI to the consolidated statements of operations5,801 11,312 Cost of sales
Derivatives Designated as Hedging Instruments
For the Nine Months Ended
September 30,
2023		September 30,
2022		Statements of
Operations
Classification
(In thousands)
Foreign Currency Forward Exchange and Other Contracts:
Amount of (losses) gains recognized in OCI$(1,729)$58,604 
Amount of gains reclassified from accumulated OCI to consolidated statements of operations14,062 20,667 Cost of sales
Schedule of Derivatives Not Designated as Hedging Instruments by Classification and Amount of Gains and Losses
The net gains reclassified from accumulated other comprehensive loss to the consolidated statements of operations during the three and nine months ended September 30, 2023 and 2022, respectively, were offset by changes in cash flows associated with the underlying hedged transactions.
 Derivatives Not Designated as Hedging Instruments
For the Three Months Ended
September 30,
2023		September 30,
2022		Statements of
Operations
Classification
 (In thousands)
Amount of Net Gains (Losses) Recognized in the Statements of Operations:
Foreign currency forward exchange and other contracts$6,805 $(2,279)Other non-operating (income) expense, net
Derivatives Not Designated as Hedging Instruments
For the Nine Months Ended
September 30,
2023		September 30,
2022		Statements of
Operations
Classification
(In thousands)
Amount of Net Gains Recognized in the Statements of Operations:
Foreign currency forward exchange and other contracts$25,083 $843 Other non-operating (income) expense, net