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Property, Plant, and Equipment, Net
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment, Net Property, Plant, and Equipment, Net
Property, plant, and equipment, net included the following:
 December 31,
2024
December 31,
2023
 (In thousands)
Land$42,584 $19,838 
Buildings350,920 313,750 
Machinery and equipment605,311 628,089 
Software234,699 233,224 
Tools, dies, and molds476,551 488,170 
Leasehold improvements107,139 121,571 
Construction in progress62,130 48,483 
1,879,334 1,853,125 
Less: accumulated depreciation(1,363,285)(1,387,602)
$516,049 $465,523 
In July 2024, Mattel completed the purchase of an office building located in El Segundo, California for cash consideration of $58.8 million. The building totals approximately 168,000 square feet and, upon completion of an interior build-out, will replace a currently leased facility that supports Mattel's global design and development and other activities. The building will support the North America and International segments.