XML 32 R22.htm IDEA: XBRL DOCUMENT v3.24.3
Employee Benefit Plans
 9 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Mattel and certain of its subsidiaries have qualified and nonqualified retirement plans covering substantially all employees of these companies, which are more fully described in Part II, Item 8 "Financial Statements and Supplementary Data—Note 4 to the Consolidated Financial Statements–Employee Benefit Plans" in the 2023 Annual Report on Form 10-K.
The components of Mattel's net periodic benefit cost for defined benefit pension plans were as follows:
 For the Three Months EndedFor the Nine Months Ended
 September 30,
2024		September 30,
2023		September 30,
2024		September 30,
2023
 (In thousands)
Service cost$851 $848 $2,548 $2,548 
Interest cost5,059 5,234 15,142 15,670 
Expected return on plan assets(4,693)(5,103)(14,052)(15,280)
Amortization of prior service cost49 37 145 112 
Recognized actuarial loss1,950 1,467 5,836 4,399 
Net periodic benefit cost$3,216 $2,483 $9,619 $7,449 
The components of Mattel's net periodic benefit credit for postretirement benefit plans were as follows:
 For the Three Months EndedFor the Nine Months Ended
September 30,
2024		September 30,
2023		September 30,
2024		September 30,
2023
 (In thousands)
Interest cost$45 $45 $135 $134 
Amortization of prior service credit(509)(509)(1,528)(1,528)
Recognized actuarial gain(48)(57)(143)(170)
Net periodic benefit credit$(512)$(521)$(1,536)$(1,564)
Mattel's service cost component is recorded within operating income while other components of net periodic pension cost and postretirement benefit cost are recorded within other non-operating (income) expense, net.
During the nine months ended September 30, 2024, Mattel made cash contributions totaling approximately $14 million related to its defined benefit pension and postretirement benefit plans. During the remainder of 2024, Mattel expects to make additional cash contributions of approximately $5 million.