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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Pre-Tax Income

Consolidated pre-tax income consists of the following:

			For the Year Ended
			December 31, 2023						December 31, 2022						December 31, 2021
			(In thousands)
U.S. operations			$	150,361					$	221,149					$	9,612
Foreign operations			315,043						283,186						461,152
Consolidated pre-tax income excluding equity method investments			$	465,404					$	504,335					$	470,764

Schedule of Provision (Benefit) for Current and Deferred Income Taxes

The provision (benefit) for current and deferred income taxes consists of the following:

			For the Year Ended
			December 31, 2023						December 31, 2022						December 31, 2021
			(In thousands)
Current
Federal			$	8,256					$	—					$	(9,819)
State			4,669						2,359						(4,060)
Foreign			79,843						62,278						81,899
			92,768						64,637						68,020
Deferred
Federal			(24,711)						55,805						(229,217)
State			1,986						2,440						(27,970)
Foreign			199,432						12,969						(231,214)
			176,707						71,214						(488,401)
Provision (benefit) for income taxes			$	269,475					$	135,851					$	(420,381)

Schedule of Deferred Income Tax Assets (Liabilities)

Mattel's deferred income tax assets (liabilities) consist of the following:

			December 31, 2023						December 31, 2022
			(In thousands)
Tax credit carryforwards			$	41,550					$	67,451
Research and development expenses			104,582						44,323
Net operating loss carryforwards			77,321						91,704
Interest expense			65,045						79,720
Allowances and reserves			116,148						118,168
Deferred compensation			63,458						40,716
Postretirement benefits			22,741						23,227
Intangible assets			115						212,497
Lease liabilities			81,604						81,298
Other			35,509						35,308
Gross deferred income tax assets			608,073						794,412
Intangible assets			(167,336)						(175,077)
Right-of-use assets			(75,076)						(73,757)
Other			(37,259)						(39,260)
Gross deferred income tax liabilities			(279,671)						(288,094)
Deferred income tax asset valuation allowances			(85,352)						(89,841)
Net deferred income tax assets			$	243,050					$	416,477

Net deferred income tax assets are presented in the consolidated balance sheets as follows:

			December 31, 2023						December 31, 2022
			(In thousands)
Deferred income tax assets			$	299,157					$	471,672
Other noncurrent liabilities			(56,107)						(55,195)
			$	243,050					$	416,477

Schedule of Expiration of Loss and Tax Credit Carryforwards

Mattel's loss and tax credit carryforwards expire in the following periods:

			Loss Carryforward						Tax Credit Carryforward
			(In thousands)
2024–2028			$	10,085					$	882
Thereafter			113,274						22,390
No expiration date			165,707						21,105
			$	289,066					$	44,377

Schedule of Reconciliation of Provision for Income Taxes at US Federal Statutory Rate to Provision in Statements of Operations

Differences between the provision for income taxes at the U.S. federal statutory income tax rate and the provision in the consolidated statements of operations are as follows:

			For the Year Ended
			December 31, 2023						December 31, 2022						December 31, 2021
			(In thousands)
Provision at U.S. federal statutory rate			$	97,735					$	105,910					$	98,861
Differences resulting from:
Changes in valuation allowances			2,343						—						(540,803)
Foreign earnings taxed at different rates, including foreign losses without benefit			(12,844)						16,877						35,468
Tax related to pass-through income			3,869						5,340						2,487
Non deductible executive compensation			7,248						5,141						7,115
State and local taxes, net of U.S. federal benefit (expense)			8,480						5,027						(983)
Adjustments to previously accrued taxes			9,943						(9,471)						(19,101)
Tax on undistributed earnings of foreign subsidiaries			(1,000)						10,600						7,000
Research and development tax credit			(7,248)						(5,487)						(5,350)
Discrete tax impact due to intra-group IP transfer			161,388						—						—
Other			(439)						1,914						(5,075)
Provision (benefit) for income taxes			$	269,475					$	135,851					$	(420,381)

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the reserve for unrecognized tax benefits is as follows:

			For the Year Ended
			December 31, 2023						December 31, 2022						December 31, 2021
			(In thousands)
Unrecognized tax benefits at January 1			$	114,057					$	118,781					$	140,309
Increases for positions taken in current year			5,855						5,034						5,113
Increases for positions taken in a prior year			18,831						8,037						3,658
Decreases for positions taken in a prior year			(4,841)						(7,315)						(1,324)
Decreases for settlements with taxing authorities			(273)						(1,236)						(2,852)
Decreases for lapses in the applicable statute of limitations			(3,659)						(9,244)						(26,123)
Unrecognized tax benefits at December 31			$	129,970					$	114,057					$	118,781

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