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Property, Plant, and Equipment, Net
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment, Net Property, Plant, and Equipment, Net
Property, plant, and equipment, net included the following: 
June 30,
2024
June 30,
2023
December 31,
2023
 (In thousands)
Land$19,785 $19,813 $19,838 
Buildings314,063 323,936 313,750 
Machinery and equipment622,727 663,994 628,089 
Software233,550 336,587 233,224 
Tools, dies, and molds494,555 493,122 488,170 
Leasehold improvements122,107 111,021 121,571 
Construction in progress38,410 54,320 48,483 
1,845,197 2,002,793 1,853,125 
Less: accumulated depreciation(1,400,318)(1,538,682)(1,387,602)
$444,879 $464,111 $465,523 
In July 2024, Mattel completed the purchase of an office building located in El Segundo, California for cash consideration of approximately $59 million. The building totals approximately 168,000 square feet and, upon completion of an interior build-out, will replace a leased facility that supports global design and development and other activities. The building will support the North America and International segments.