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Accumulated Other Comprehensive Income (Loss) | 3 Months Ended
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Mar. 31, 2024
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income (Loss) The following tables present changes in the accumulated balances for each component of other comprehensive income (loss), including current period other comprehensive income (loss) and reclassifications from accumulated other comprehensive income (loss):
| For the Three Months Ended March 31, 2024
| Derivative Instruments |  | Employee Benefit Plans |  | Currency Translation Adjustments |  | Total
| (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2023 | $ | (3,463) |  |  | $ | (142,916) |  |  | $ | (758,589) |  |  | $ | (904,968) |
Other comprehensive income (loss) before reclassifications | 13,224 |  |  | 1,493 |  |  | (17,946) |  |  | (3,229) |
Amounts reclassified from accumulated other comprehensive income (loss) | (8,241) |  |  | 705 |  |  | — |  |  | (7,536) |
Net change in other comprehensive income (loss) | 4,983 |  |  | 2,198 |  |  | (17,946) |  |  | (10,765) |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2024 | $ | 1,520 |  |  | $ | (140,718) |  |  | $ | (776,535) |  |  | $ | (915,733) |
| For the Three Months Ended March 31, 2023
| Derivative Instruments |  | Employee Benefit Plans |  | Currency Translation Adjustments |  | Total
| (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2022 | $ | 22,732 |  |  | $ | (138,498) |  |  | $ | (795,712) |  |  | $ | (911,478) |
Other comprehensive income (loss) before reclassifications | (1,772) |  |  | 7 |  |  | 28,100 |  |  | 26,335 |
Amounts reclassified from accumulated other comprehensive income (loss) | (3,895) |  |  | 720 |  |  | — |  |  | (3,175) |
Net change in other comprehensive income (loss) | (5,667) |  |  | 727 |  |  | 28,100 |  |  | 23,160 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2023 | $ | 17,065 |  |  | $ | (137,771) |  |  | $ | (767,612) |  |  | $ | (888,318) |
The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:
| For the Three Months Ended |  |
| March 31, 2024 |  | March 31, 2023 |  | Statements of Operations Classification
| (In thousands) |  |
Derivative Instruments: |
Gain on foreign currency forward exchange and other contracts | $ | 8,225 |  |  | $ | 3,603 |  |  | Cost of sales
Tax effect | 16 |  |  | 292 |  |  | Benefit from income taxes
| $ | 8,241 |  |  | $ | 3,895 |  |  | Net loss
Employee Benefit Plans: |  |  |  |  |
Amortization of prior service credit (a) | $ | 461 |  |  | $ | 472 |  |  | Other non-operating income/expense, net
Recognized actuarial (loss) (a) | (1,895) |  |  | (1,408) |  |  | Other non-operating income/expense, net
| (1,434) |  |  | (936) |  |  |
Tax effect | 729 |  |  | 216 |  |  | Benefit from income taxes
| $ | (705) |  |  | $ | (720) |  |  | Net loss
(a)The amortization of prior service credit and recognized actuarial loss are included in the computation of net periodic benefit cost. Refer to "Note 15 to the Consolidated Financial Statements—Employee Benefit Plans" for additional information regarding Mattel's net periodic benefit cost. Currency Translation Adjustments During the three months ended March 31, 2024, currency translation adjustments resulted in a net loss of $17.9 million, due to the general strengthening of the U.S. dollar against most currencies, including the Chilean peso and Russian ruble. The losses were partially offset by strengthening of the Mexican peso against the U.S. dollar. During the three months ended March 31, 2023, currency translation adjustments resulted in a net gain of $28.1 million, primarily due to the strengthening of the Mexican peso, British pound sterling, Chilean peso, and Brazilian real against the U.S. dollar, offset by the weakening of the Russian ruble against the U.S. dollar.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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