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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Assets and Liabilities | The following tables present Mattel's derivative assets and liabilities:
| Derivative Assets
| Balance Sheet Classification |  | Fair Value
|  |  | December 31, 2024 |  | December 31, 2023
|  |  | (In thousands)
Derivatives Designated as Hedging Instruments: |  |  |  |  |
Foreign currency forward exchange and other contracts | Prepaid expenses and other current assets |  | $ | 17,290 |  |  | $ | 2,198 |
Foreign currency forward exchange and other contracts | Other noncurrent assets |  | 2,775 |  |  | 52 |
Total Derivatives Designated as Hedging Instruments |  |  | $ | 20,065 |  |  | $ | 2,250 |
Derivatives Not Designated as Hedging Instruments: |  |  |  |  |
Foreign currency forward exchange and other contracts | Prepaid expenses and other current assets |  | $ | 1,966 |  |  | $ | 578 |
Total Derivatives Not Designated as Hedging Instruments |  |  | $ | 1,966 |  |  | $ | 578 |
|  |  | $ | 22,031 |  |  | $ | 2,828 |
| Derivative Liabilities
| Balance Sheet Classification |  | Fair Value
|  |  | December 31, 2024 |  | December 31, 2023
|  |  | (In thousands)
Derivatives Designated as Hedging Instruments: |  |  |  |  |
Foreign currency forward exchange and other contracts | Accrued liabilities |  | $ | 1,370 |  |  | $ | 7,520 |
Foreign currency forward exchange and other contracts | Other noncurrent liabilities |  | 65 |  |  | 1,575 |
Total Derivatives Designated as Hedging Instruments |  |  | $ | 1,435 |  |  | $ | 9,095 |
Derivatives Not Designated as Hedging Instruments: |  |  |  |  |
Foreign currency forward exchange and other contracts | Accrued liabilities |  | $ | 902 |  |  | $ | 449 |
Foreign currency forward exchange and other contracts | Other noncurrent liabilities |  | — |  |  | 20 |
Total Derivatives Not Designated as Hedging Instruments |  |  | $ | 902 |  |  | $ | 469 |
|  |  | $ | 2,337 |  |  | $ | 9,564 |
Schedule of Derivatives Designated as Hedging Instruments by Classification and Amount of Gains and Losses | The following tables present the classification and amount of gains and losses, net of tax, from derivatives reported in the consolidated statements of operations:
| Derivatives Designated As Hedging Instruments
| For the Year Ended |  | Statements of Operations Classification
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022 |
| (In thousands) |  |
Foreign Currency Forward Exchange Contracts: |  |  |  |  |  |  |
Amount of gains (losses) recognized in OCI | $ | 39,409 |  |  | $ | (15,903) |  |  | $ | 40,449 |  |  |
Amount of gains reclassified from accumulated OCI to the consolidated statements of operations | 21,639 |  |  | 10,292 |  |  | 26,513 |  |  | Cost of sales
Schedule of Derivatives Not Designated as Hedging Instruments by Classification and Amount of Gains and Losses |
| Derivatives Not Designated As Hedging Instruments
| For the Year Ended |  | Statements of Operations Classification
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022 |
| (In thousands) |  |
Amount of Net Gains (Losses) Recognized in the Statements of Operations: |  |  |  |  |  |  |
Foreign currency forward exchange and other contracts | $ | 8,404 |  |  | $ | 19,939 |  |  | $ | (7,833) |  |  | Other non-operating income/expense, net

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