XML 27 R11.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Goodwill and Intangible Assets, Net | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net Goodwill Mattel's reporting units are (i) North America, which consists of the United States and Canada, (ii) International, and (iii) American Girl. In the first quarter of 2024, Mattel implemented an organizational change integrating the American Girl business into Mattel's North America commercial organization. Such integration resulted in a change to Mattel's operating and reportable segments. Goodwill related to the American Girl reporting unit is included in the North America operating segment. Mattel's reportable segments are: (i) North America and (ii) International. The change in the carrying amount of goodwill by reporting unit for 2024 and 2023 is shown below. Brand-specific goodwill held by foreign subsidiaries is allocated to the North America reporting unit selling those brands, thereby causing a foreign currency translation impact.
| December 31, 2022 |  | Currency Exchange Rate Impact |  | December 31, 2023 |  | Currency Exchange Rate Impact |  | December 31, 2024
| (In thousands)
North America | $ | 731,993 |  |  | $ | 1,494 |  |  | $ | 733,487 |  |  | $ | (492) |  |  | $ | 732,995 |
International | 438,987 |  |  | 4,467 |  |  | 443,454 |  |  | (2,299) |  |  | 441,155 |
American Girl | 207,571 |  |  | — |  |  | 207,571 |  |  | — |  |  | 207,571 |
| $ | 1,378,551 |  |  | $ | 5,961 |  |  | $ | 1,384,512 |  |  | $ | (2,791) |  |  | $ | 1,381,721 |
In the third quarter of 2024, Mattel performed its annual goodwill impairment test and determined that goodwill was not impaired. The quantitative goodwill impairment assessment includes the use of certain assumptions and estimates to calculate the estimated fair value of Mattel's reporting units. To the extent assumptions, estimations, or market factors, including seasonality, differ from Mattel's current estimates, the estimated fair value of Mattel's reporting units may be susceptible to significant changes. The reporting unit that is most susceptible to changes in assumptions and estimates, given its smaller size, is American Girl, as excess fair value over carrying value is a lesser dollar and percentage value than the other reporting units. There were no events or changes in circumstances subsequent to the third quarter assessment that indicate that the carrying amount of a reporting unit may exceed its fair value as of December 31, 2024. Intangible Assets, Net Mattel's identifiable intangible assets, net consisted of the following:
| December 31, 2024 |  | December 31, 2023
| (In thousands)
Identifiable intangibles | $ | 798,655 |  |  | $ | 801,506 |
Less: accumulated amortization | (438,092) |  |  | (408,467) |
| $ | 360,563 |  |  | $ | 393,039 |
The estimated future amortization expense for the next five years is as follows:
| Amortization Expense
| (In thousands)
2025 | $ | 31,192 |
2026 | 31,165 |
2027 | 30,685 |
2028 | 29,046 |
2029 | 27,438 |
Mattel tests its amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Mattel's amortizable intangible assets primarily consist of trademarks and trade names. During 2024, 2023, and 2022, Mattel's amortizable intangible assets were not impaired.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration