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Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Sep. 30, 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 September 30, 2024
| Derivative Instruments |  | Employee Benefit Plans |  | Currency Translation Adjustments |  | Total
| (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2024 | $ | 5,268 |  |  | $ | (140,469) |  |  | $ | (799,916) |  |  | $ | (935,117) |
Other comprehensive income (loss) before reclassifications | (13,288) |  |  | 16 |  |  | 24,442 |  |  | 11,170 |
Amounts reclassified from accumulated other comprehensive income (loss) | 7,264 |  |  | 978 |  |  | — |  |  | 8,242 |
Net change in other comprehensive income (loss) | (6,024) |  |  | 994 |  |  | 24,442 |  |  | 19,412 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of September 30, 2024 | $ | (756) |  |  | $ | (139,475) |  |  | $ | (775,474) |  |  | $ | (915,705) |
| For the Nine Months Ended September 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 | 9,764 |  |  | 50 |  |  | (16,885) |  |  | (7,071) |
Amounts reclassified from accumulated other comprehensive income (loss) | (7,057) |  |  | 3,391 |  |  | — |  |  | (3,666) |
Net change in other comprehensive income (loss) | 2,707 |  |  | 3,441 |  |  | (16,885) |  |  | (10,737) |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of September 30, 2024 | $ | (756) |  |  | $ | (139,475) |  |  | $ | (775,474) |  |  | $ | (915,705) |
| For the Three Months Ended September 30, 2023
| Derivative Instruments |  | Employee Benefit Plans |  | Currency Translation Adjustments |  | Total
| (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2023 | $ | 5,221 |  |  | $ | (137,042) |  |  | $ | (765,431) |  |  | $ | (897,252) |
Other comprehensive income (loss) before reclassifications | 7,521 |  |  | 5 |  |  | (39,273) |  |  | (31,747) |
Amounts reclassified from accumulated other comprehensive income (loss) | (5,801) |  |  | 659 |  |  | — |  |  | (5,142) |
Net change in other comprehensive income (loss) | 1,720 |  |  | 664 |  |  | (39,273) |  |  | (36,889) |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of September 30, 2023 | $ | 6,941 |  |  | $ | (136,378) |  |  | $ | (804,704) |  |  | $ | (934,141) |
| For the Nine Months Ended September 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 | (1,729) |  |  | 20 |  |  | (8,992) |  |  | (10,701) |
Amounts reclassified from accumulated other comprehensive income (loss) | (14,062) |  |  | 2,100 |  |  | — |  |  | (11,962) |
Net change in other comprehensive income (loss) | (15,791) |  |  | 2,120 |  |  | (8,992) |  |  | (22,663) |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of September 30, 2023 | $ | 6,941 |  |  | $ | (136,378) |  |  | $ | (804,704) |  |  | $ | (934,141) |
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 |  |
| September 30, 2024 |  | September 30, 2023 |  | Statements of Operations Classification
| (In thousands) |  |
Derivative Instruments: |
(Loss) gain on foreign currency forward exchange and other contracts | $ | (7,275) |  |  | $ | 5,784 |  |  | Cost of sales
Tax effect | 11 |  |  | 17 |  |  | Provision/benefit from income taxes
| $ | (7,264) |  |  | $ | 5,801 |  |  | Net income/loss
Employee Benefit Plans: |  |  |  |  |
Amortization of prior service credit (a) | $ | 460 |  |  | $ | 472 |  |  | Other non-operating income/expense, net
Recognized actuarial loss (a) | (1,902) |  |  | (1,410) |  |  | Other non-operating income/expense, net
| (1,442) |  |  | (938) |  |  |
Tax effect | 464 |  |  | 279 |  |  | Provision/benefit from income taxes
| $ | (978) |  |  | $ | (659) |  |  | Net income/loss
| For the Nine Months Ended |  |
| September 30, 2024 |  | September 30, 2023 |  | Statements of Operations Classification
| (In thousands) |  |
Derivative Instruments: |
Gain on foreign currency forward exchange and other contracts | $ | 7,023 |  |  | $ | 13,709 |  |  | Cost of sales
Tax effect | 34 |  |  | 353 |  |  | Provision/benefit from income taxes
| $ | 7,057 |  |  | $ | 14,062 |  |  | Net income/loss
Employee Benefit Plans: |  |  |  |  |
Amortization of prior service credit (a) | $ | 1,383 |  |  | $ | 1,416 |  |  | Other non-operating income/expense, net
Recognized actuarial loss (a) | (5,693) |  |  | (4,229) |  |  | Other non-operating income/expense, net
| (4,310) |  |  | (2,813) |  |  |
Tax effect | 919 |  |  | 713 |  |  | Provision/benefit from income taxes
| $ | (3,391) |  |  | $ | (2,100) |  |  | 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. Currency Translation Adjustments During the nine months ended September 30, 2024, currency translation adjustments resulted in a net loss of $16.9 million, primarily due to the weakening of the Mexican peso and Brazilian real against the U.S. dollar, partially offset by the strengthening of the British pound sterling against the U.S. dollar. During the nine months ended September 30, 2023, currency translation adjustments resulted in a net loss of $9.0 million, primarily due to the weakening of the Russian ruble and Malaysian ringgit against the U.S. dollar, partially offset by the strengthening of the Mexican peso, British pound sterling, and Brazilian real 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/1943274/2147477250/944-220-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/1943274/2147478524/942-220-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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