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Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Revenues from Segment to Consolidated

The following tables present information regarding Mattel's net sales, operating income, 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 Nine Months Ended
			September 30, 2023						September 30, 2022						September 30, 2023						September 30, 2022
			(In thousands)
Net Sales by Segment
North America			$	1,104,377					$	1,002,126					$	2,138,210					$	2,330,747
International			771,827						704,640						1,578,632						1,584,878
American Girl			42,584						49,014						103,689						117,142
Net sales			$	1,918,788					$	1,755,780					$	3,820,531					$	4,032,767

			For the Three Months Ended												For the Nine Months Ended
			September 30, 2023						September 30, 2022						September 30, 2023						September 30, 2022
			(In thousands)
Operating Income by Segment (a)
North America			$	405,667					$	337,305					$	589,664					$	707,605
International			202,550						162,828						245,773						268,012
American Girl			(4,572)						(8,964)						(24,073)						(20,426)
			603,645						491,169						811,364						955,191
Corporate and other expense (b)			(129,787)						(99,797)						(389,768)						(358,672)
Operating income			473,858						391,372						421,596						596,519
Interest expense			30,716						33,870						92,486						99,730
Interest (income)			(4,569)						(1,903)						(15,409)						(5,064)
Other non-operating (income) expense, net			(2,391)						(4,293)						(5,976)						11,966
Income before income taxes			$	450,102					$	363,698					$	350,495					$	489,887

(a)Segment operating income included (i) severance and other restructuring charges of $(0.1) million and $(1.3) million for the three and nine months ended September 30, 2023, respectively, and $1.4 million and $9.8 million for the three and nine months ended September 30, 2022, respectively, which were allocated to the North America and International segments; and (ii) a loss on sale of assets of $1.8 million from the sale of a production facility for the three and nine months ended September 30, 2023, which was recorded in the International segment; and a gain on sale of assets of $15.2 million from the sale of the American Girl corporate office and distribution center for the nine months ended September 30, 2022, which was recorded in the American Girl segment.

(b)Corporate and other expense included (i) severance and other restructuring charges of $29.3 million and $63.0 million for the three and nine months ended September 30, 2023 and $4.5 million and $17.1 million for the three and nine months ended September 30, 2022, respectively; and (ii) inclined sleeper product recall litigation expense of $1.3 million and $9.0 million for the three and nine months ended September 30, 2023, respectively; and $0.7 million and $1.2 million for the three months and nine months ended September 30, 2022, respectively.

Schedule of Segment Assets

Segment assets are comprised of accounts receivable, net and inventories.

			September 30, 2023						September 30, 2022						December 31, 2022
			(In thousands)
Assets by Segment
North America			$	1,194,978					$	1,233,835					$	778,897
International			1,024,549						961,097						756,830
American Girl			75,272						85,705						58,833
			2,294,799						2,280,637						1,594,560
Corporate and other			66,769						184,666						159,725
Accounts receivable, net and inventories			$	2,361,568					$	2,465,303					$	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 Nine Months Ended
			September 30, 2023						September 30, 2022						September 30, 2023						September 30, 2022
			(In thousands)
Net Sales by Geographic Area
North America			$	1,146,961					$	1,051,140					$	2,241,899					$	2,447,889
International
EMEA			423,923						410,187						874,972						958,839
Latin America			262,071						221,805						475,648						418,531
Asia Pacific			85,833						72,648						228,012						207,508
Total International			771,827						704,640						1,578,632						1,584,878
Net sales			$	1,918,788					$	1,755,780					$	3,820,531					$	4,032,767

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