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 June 30, 2024
	Derivative Instruments		Employee Benefit Plans		Currency Translation Adjustments		Total
	(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2024	$	1,520	$	(140,718)	$	(776,535)	$	(915,733)
Other comprehensive income (loss) before reclassifications	9,828		(1,458)		(23,381)		(15,011)
Amounts reclassified from accumulated other comprehensive income (loss)	(6,080)		1,707		—		(4,373)
Net change in other comprehensive income (loss)	3,748		249		(23,381)		(19,384)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2024	$	5,268	$	(140,469)	$	(799,916)	$	(935,117)


	For the Six Months Ended June 30, 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	23,052		34		(41,327)		(18,241)
Amounts reclassified from accumulated other comprehensive income (loss)	(14,321)		2,413		—		(11,908)
Net change in other comprehensive income (loss)	8,731		2,447		(41,327)		(30,149)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2024	$	5,268	$	(140,469)	$	(799,916)	$	(935,117)


	For the Three Months Ended June 30, 2023
	Derivative Instruments		Employee Benefit Plans		Currency Translation Adjustments		Total
	(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2023	$	17,065	$	(137,771)	$	(767,612)	$	(888,318)
Other comprehensive income (loss) before reclassifications	(7,479)		8		2,181		(5,290)
Amounts reclassified from accumulated other comprehensive income (loss)	(4,365)		721		—		(3,644)
Net change in other comprehensive income (loss)	(11,844)		729		2,181		(8,934)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2023	$	5,221	$	(137,042)	$	(765,431)	$	(897,252)


	For the Six Months Ended June 30, 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	(9,251)		15		30,281		21,045
Amounts reclassified from accumulated other comprehensive income (loss)	(8,260)		1,441		—		(6,819)
Net change in other comprehensive income (loss)	(17,511)		1,456		30,281		14,226
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2023	$	5,221	$	(137,042)	$	(765,431)	$	(897,252)

The following tables present the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:


	For the Three Months Ended
	June 30, 2024		June 30, 2023		Statements of Operations Classification
	(In thousands)
Derivative Instruments:
Gain on foreign currency forward exchange and other contracts	$	6,073	$	4,320	Cost of sales
Tax effect	7		45		Provision/benefit from income taxes
	$	6,080	$	4,365	Net income/loss
Employee Benefit Plans:
Amortization of prior service credit (a)	$	462	$	471	Other non-operating income/expense, net
Recognized actuarial loss (a)	(1,895)		(1,410)		Other non-operating income/expense, net

	(1,433)		(939)
Tax effect	(274)		218		Provision/benefit from income taxes
	$	(1,707)	$	(721)	Net income/loss


	For the Six Months Ended
	June 30, 2024		June 30, 2023		Statements of Operations Classification
	(In thousands)
Derivative Instruments:
Gain on foreign currency forward exchange and other contracts	$	14,298	$	7,924	Cost of sales
Tax effect	23		336		Provision/benefit from income taxes
	$	14,321	$	8,260	Net income/loss
Employee Benefit Plans:
Amortization of prior service credit (a)	$	923	$	943	Other non-operating income/expense, net
Recognized actuarial loss (a)	(3,791)		(2,818)		Other non-operating income/expense, net

	(2,868)		(1,875)
Tax effect	455		434		Provision/benefit from income taxes
	$	(2,413)	$	(1,441)	Net income/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.

During the six months ended June 30, 2024, currency translation adjustments resulted in a net loss of $41.3 million, due to the general weakening of most currencies, including the Mexican peso and Brazilian real, against the U.S. dollar, partially offset by the strengthening of the Russian ruble against the U.S. dollar.

During the six months ended June 30, 2023, currency translation adjustments resulted in a net gain of $30.3 million, primarily due to the strengthening of the Mexican peso, British pound sterling, and Brazilian real against the U.S. dollar, partially offset by the weakening of the Russian ruble and Malaysian ringgit against the U.S. dollar.