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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Schedule of Assets and Liabilities, Lessee | The following table summarizes Mattel's right-of-use assets and liabilities and other information about its leases:
| December 31, 2023 |  | December 31, 2022
| (In thousands, except years and percentage information)
Right-of-use assets, net | $ | 313,191 |  |  | $ | 318,680 |
Accrued liabilities | 77,254 |  |  | 75,297 |
Noncurrent lease liabilities | 259,548 |  |  | 271,418 |
Total lease liabilities | $ | 336,802 |  |  | $ | 346,715 |
Weighted-average remaining lease term | 5.7 years |  | 5.6 years
Weighted-average discount rate | 6.5 | % |  | 6.5 | %
Schedule of Lease Components and Supplemental Information | Lease costs for the years ended December 31, 2023, 2022, and 2021 were as follows:
| For the Year Ended
| December 31, 2023 |  | December 31, 2022 |  | December 31, 2021
| (In thousands)
Lease costs (a) (b) | $ | 127,850 |  |  | $ | 140,188 |  |  | $ | 134,272 |
(a) Includes short-term and variable lease costs of approximately $36 million, $47 million, and $39 million for 2023, 2022, and 2021 respectively. Variable lease costs primarily relate to variable components of third-party logistics rental charges, common area maintenance charges, management fees, and taxes. (b) Contingent rental expense is recorded in the period in which the contingent event becomes probable. During 2023, 2022, and 2021, contingent rental expense was not material. Supplemental information related to leases were as follows:
| For the Year Ended
| December 31, 2023 |  | December 31, 2022 |  | December 31, 2021
| (In thousands)
Cash payments for leases | $ | 98,453 |  |  | $ | 93,465 |  |  | $ | 100,286 |
Right-of-use assets obtained in exchange for new and modified lease liabilities | 71,375 |  |  | 74,199 |  |  | 105,898 |
Schedule of Future Maturities of Lease Liabilities | The following table shows the future maturities of lease liabilities for leases in effect as of December 31, 2023:
Years Ending December 31, |  | Lease Liabilities
|  | (In thousands)
2024 |  | $ | 93,172 |
2025 |  | 84,210 |
2026 |  | 69,664 |
2027 |  | 39,407 |
2028 |  | 27,534 |
Thereafter |  | 100,103 |
|  | 414,090 |
Less: imputed interest |  | (77,288) |
|  | $ | 336,802 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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