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Employee Benefit Plans | 3 Months Ended
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Mar. 31, 2024
Retirement Benefits [Abstract] |
Employee Benefit Plans | Employee Benefit Plans Mattel and certain of its subsidiaries have qualified and nonqualified retirement plans covering substantially all employees of these companies, which are more fully described in Part II, Item 8 "Financial Statements and Supplementary Data—Note 4 to the Consolidated Financial Statements–Employee Benefit Plans" in the 2023 Annual Report on Form 10-K. The components of Mattel's net periodic benefit cost for defined benefit pension plans were as follows:
| For the Three Months Ended
| March 31, 2024 |  | March 31, 2023
| (In thousands)
Service cost | $ | 859 |  |  | $ | 843 |
Interest cost | 5,053 |  |  | 5,198 |
Expected return on plan assets | (4,681) |  |  | (5,080) |
Amortization of prior service cost | 48 |  |  | 37 |
Recognized actuarial loss | 1,943 |  |  | 1,465 |
Net periodic benefit cost | $ | 3,222 |  |  | $ | 2,463 |
The components of Mattel's net periodic benefit cost (credit) for postretirement benefit plans were as follows:
| For the Three Months Ended
| March 31, 2024 |  | March 31, 2023
| (In thousands)
Interest cost | $ | 45 |  |  | $ | 45 |
Amortization of prior service credit | (509) |  |  | (509) |
Recognized actuarial gain | (48) |  |  | (57) |
Net periodic benefit credit | $ | (512) |  |  | $ | (521) |
Mattel's service cost component is recorded within operating loss while other components of net periodic pension cost and postretirement benefit cost are recorded within other non-operating expense (income), net. During the three months ended March 31, 2024, Mattel made cash contributions totaling approximately $1 million related to its defined benefit pension and postretirement benefit plans. During the remainder of 2024, Mattel expects to make additional cash contributions of approximately $13 million.

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