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Derivative Instruments
 12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative Instruments
Mattel seeks to mitigate its exposure to foreign currency transaction risk by monitoring its foreign currency transaction exposure for the year and partially hedging such exposure using foreign currency forward exchange contracts. Mattel uses foreign currency forward exchange contracts as cash flow hedges primarily to hedge its purchases and sales of inventory denominated in foreign currencies. These contracts have maturity dates of up to 24 months. These derivative instruments have been designated as effective cash flow hedges, whereby the unsettled hedges are reported in Mattel's consolidated balance sheets at fair value, with changes in the fair value of the hedges reflected in other comprehensive income ("OCI"). Realized gains and losses for these contracts are recorded in the consolidated statements of operations in the period in which the inventory is sold to customers. Mattel uses foreign currency forward exchange contracts to hedge intercompany loans and advances denominated in foreign currencies. Due to the short-term nature of the contracts involved, Mattel does not use hedge accounting for these contracts, and as such, changes in fair value are recorded in the period of change in the consolidated statements of operations. Mattel utilizes derivative contracts to hedge certain purchases of commodities, which were not material. As of December 31, 2023 and 2022, Mattel held foreign currency forward exchange contracts and other commodity derivative instruments, with notional amounts of approximately $609 million and $674 million, respectively.
The following tables present Mattel's derivative assets and liabilities:
 Derivative Assets
 Balance Sheet ClassificationFair Value
  December 31, 2023December 31, 2022
  (In thousands)
Derivatives Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsPrepaid expenses and other current assets$2,198 $14,899 
Foreign currency forward exchange and other contractsOther noncurrent assets52 1,501 
Total Derivatives Designated as Hedging Instruments$2,250 $16,400 
Derivatives Not Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsPrepaid expenses and other current assets$578 $1,163 
Total Derivatives Not Designated as Hedging Instruments$578 $1,163 
$2,828 $17,563 
 Derivative Liabilities
 Balance Sheet ClassificationFair Value
  December 31, 2023December 31, 2022
  (In thousands)
Derivatives Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsAccrued liabilities$7,520 $3,647 
Foreign currency forward exchange and other contractsOther noncurrent liabilities1,575 807 
Total Derivatives Designated as Hedging Instruments$9,095 $4,454 
Derivatives Not Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsAccrued liabilities$449 $6,261 
Foreign currency forward exchange and other contractsOther noncurrent liabilities20 39 
Total Derivatives Not Designated as Hedging Instruments$469 $6,300 
$9,564 $10,754 
The following tables present the classification and amount of gains and losses, net of tax, from derivatives reported in the consolidated statements of operations:
 Derivatives Designated As Hedging Instruments
For the Year EndedStatements of
Operations Classification
 December 31,
2023		December 31,
2022		December 31,
2021
 (In thousands) 
Foreign currency forward exchange contracts:
Amount of (losses) gains recognized in OCI$(15,903)$40,449 $23,253 
Amount of gains (losses) reclassified from accumulated OCI to the consolidated statements of operations10,292 26,513 (912)Cost of sales
The net gains (losses) reclassified from accumulated other comprehensive loss to the consolidated statements of operations during 2023, 2022, and 2021, respectively, were offset by changes in cash flows associated with the underlying hedged transactions.
 Derivatives Not Designated As Hedging Instruments
For the Year Ended Statements of
Operations Classification
 December 31,
2023		December 31,
2022		December 31,
2021
 (In thousands) 
Amount of net gains (losses) recognized in the Statements of Operations:
Foreign currency forward exchange and other contracts$19,939 $(7,833)$2,872 Other non-operating (income) expense, net
Foreign currency forward exchange and other contracts— — 639 Cost of sales
$19,939 $(7,833)$3,511 
The net gains (losses) recognized in the consolidated statements of operations during 2023, 2022, and 2021, respectively, were offset by foreign currency transaction gains and losses on the related derivative balances.