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Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Revenues and Income from Segment

The following tables present information regarding Mattel's net sales, operating income, and assets by reportable segment. The corporate and other expense category includes operating costs not allocated to individual segments, including charges related to incentive and share-based compensation, corporate headquarters functions managed on a worldwide basis, the impact of changes in foreign currency exchange rates on intercompany transactions, and certain severance and other restructuring costs. It is generally impracticable for Mattel to present net sales by categories, brands, or products, as trade discounts and other allowances are generally recorded in the financial accounting systems by customer.

			For the Three Months Ended
			March 31, 2024						March 31, 2023
			(In thousands)
Net Sales by Segment
North America			$	477,786					$	470,486
International			331,722						344,093
Net sales			$	809,508					$	814,579

			For the Three Months Ended
			March 31, 2024						March 31, 2023
			(In thousands)
Operating Income by Segment (a)
North America			$	72,991					$	32,143
International			9,270						313
			82,261						32,456
Corporate and other expense (b)			(117,779)						(147,493)
Operating loss			(35,518)						(115,037)
Interest expense			30,059						31,128
Interest (income)			(17,282)						(6,519)
Other non-operating expense (income), net			5,613						(1,439)
Loss before income taxes			$	(53,908)					$	(138,207)

(a)Segment operating income included severance and other restructuring charges of $2.2 million for the three months ended March 31, 2024, and no severance and other restructuring charges were allocated to the segments for the three months ended March 31, 2023.

(b)Corporate and other expense included severance and other restructuring charges of $6.3 million and $23.9 million for the three months ended March 31, 2024 and 2023, respectively, and inclined sleeper product recall litigation expense of $3.7 million and $4.3 million for the three months ended March 31, 2024 and 2023, respectively.

Schedule of Segment Assets

Segment assets are comprised of accounts receivable, net and inventories.

			March 31, 2024						March 31, 2023						December 31, 2023
			(In thousands)
Assets by Segment
North America			$	686,694					$	793,021					$	845,113
International			566,572						694,469						735,236
			1,253,266						1,487,490						1,580,349
Corporate and other			89,339						147,402						73,087
Accounts receivable, net and inventories			$	1,342,605					$	1,634,892					$	1,653,436

Schedule of Revenues by Geographic Area

The following table presents information regarding Mattel's net sales by geographic area. Net sales are attributed to countries based on the location of the customer:

			For the Three Months Ended
			March 31, 2024						March 31, 2023
			(In thousands)
Net Sales by Geographic Area
North America			$	477,786					$	470,486
International
EMEA			185,239						209,356
Latin America			79,651						75,531
Asia Pacific			66,832						59,206
Total International			331,722						344,093
Net sales			$	809,508					$	814,579

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