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Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Revenues and Income from Segment

The following tables present information regarding Mattel's net sales, operating income (loss), 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												For the Six Months Ended
			June 30, 2024						June 30, 2023						June 30, 2024						June 30, 2023
			(In thousands)
Net Sales by Segment
North America			$	606,480					$	624,452					$	1,084,267					$	1,094,938
International			473,248						462,712						804,970						806,805
Net sales			$	1,079,728					$	1,087,164					$	1,889,237					$	1,901,743

			For the Three Months Ended												For the Six Months Ended
			June 30, 2024						June 30, 2023						June 30, 2024						June 30, 2023
			(In thousands)
Operating Income (Loss) by Segment (a)
North America			$	136,927					$	132,353					$	209,917					$	164,496
International			77,311						42,911						86,582						43,224
			214,238						175,264						296,499						207,720
Corporate and other expense (b)			(131,031)						(112,489)						(248,810)						(259,983)
Operating income (loss)			83,207						62,775						47,689						(52,263)
Interest expense			29,984						30,642						60,044						61,770
Interest (income)			(12,398)						(4,321)						(29,680)						(10,840)
Other non-operating expense (income), net			6,110						(2,147)						11,721						(3,586)
Income (loss) before income taxes			$	59,511					$	38,601					$	5,604					$	(99,607)

(a)Segment operating income (loss) included severance and other restructuring charges of $0.4 million and $2.6 million for the three and six months ended June 30, 2024, respectively, and $(1.2) million for each of the three and six months ended June 30, 2023, which were allocated to the North America and International segments.

(b)Corporate and other expense included (i) severance and other restructuring charges of $10.4 million and $16.7 million for the three and six months ended June 30, 2024, respectively, and $9.8 million and $33.7 million for the three and six months ended June 30, 2023, respectively; and (ii) inclined sleeper product recall litigation expense of $2.2 million and $5.9 million for the three and six months ended June 30, 2024, respectively and $3.4 million and $7.7 million for the three and six months ended June 30, 2023, respectively.

Schedule of Segment Assets

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

			June 30, 2024						June 30, 2023						December 31, 2023
			(In thousands)
Assets by Segment
North America			$	779,167					$	913,998					$	845,113
International			719,869						833,407						735,236
			1,499,036						1,747,405						1,580,349
Corporate and other			117,246						115,091						73,087
Accounts receivable, net and inventories			$	1,616,282					$	1,862,496					$	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												For the Six Months Ended
			June 30, 2024						June 30, 2023						June 30, 2024						June 30, 2023
			(In thousands)
Net Sales by Geographic Area
North America			$	606,480					$	624,452					$	1,084,267					$	1,094,938
International
EMEA			250,688						241,692						435,927						451,048
Latin America			134,597						138,046						214,248						213,577
Asia Pacific			87,963						82,974						154,795						142,180
Total International			473,248						462,712						804,970						806,805
Net sales			$	1,079,728					$	1,087,164					$	1,889,237					$	1,901,743

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