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.

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.