Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

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 Year Ended December 31, 2024
	Derivative Instruments		Available-for-Sale Security		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	39,409		—		(819)		(110,507)		(71,917)
Amounts reclassified from accumulated other comprehensive income (loss)	(21,639)		—		4,072		—		(17,567)
Net change in other comprehensive income (loss)	17,770		—		3,253		(110,507)		(89,484)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2024	$	14,307	$	—	$	(139,663)	$	(869,096)	$	(994,452)

	For the Year Ended December 31, 2023
	Derivative Instruments		Available-for-Sale Security		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	(15,903)		—		(6,558)		37,123		14,662
Amounts reclassified from accumulated other comprehensive income (loss)	(10,292)		—		2,140		—		(8,152)
Net change in other comprehensive income (loss)	(26,195)		—		(4,418)		37,123		6,510
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2023	$	(3,463)	$	—	$	(142,916)	$	(758,589)	$	(904,968)

	For the Year Ended December 31, 2022
	Derivative Instruments		Available-for-Sale Security		Employee Benefit Plans		Currency Translation Adjustments		Total
	(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2021	$	8,796	$	(6,447)	$	(154,099)	$	(789,521)	$	(941,271)
Other comprehensive income (loss) before reclassifications	40,449		—		14,988		(51,557)		3,880
Amounts reclassified from accumulated other comprehensive income (loss)	(26,513)		3,646		613		45,366		23,112
Net change in other comprehensive income (loss)	13,936		3,646		15,601		(6,191)		26,992
Adjustment of accumulated other comprehensive income (loss) to retained earnings	—		2,801		—		—		2,801
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2022	$	22,732	$	—	$	(138,498)	$	(795,712)	$	(911,478)

Schedule of Consolidated Statement of Operations Line Items Affected by Reclassifications from Accumulated Other Comprehensive Income (Loss)

The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:


	For the Year Ended						Consolidated Statements of Operations Classification
	December 31, 2024		December 31, 2023		December 31, 2022
	(In thousands)
Derivative Instruments
Gain on foreign currency forward exchange and other contracts	$	21,590	$	9,880	$	26,500	Cost of sales
Tax effect	49		412		13		Provision/benefit for income taxes
	$	21,639	$	10,292	$	26,513	Net Income




Employee Benefit Plans
Amortization of prior service credit (a)	$	1,844	$	1,888	$	1,883	Other non-operating income/expense, net
Recognized actuarial (loss) (a)	(7,591)		(5,667)		(8,896)		Other non-operating income/expense, net
Curtailment gain (loss) (a)	—		—		326		Other non-operating income/expense, net
Settlement gain (loss) (a)	—		59		(19)		Other non-operating income/expense, net
	(5,747)		(3,720)		(6,706)
Tax effect	1,675		1,580		6,093		Provision/benefit for income taxes
	$	(4,072)	$	(2,140)	$	(613)	Net Income
Currency Translation Adjustments
(Loss) on liquidation of subsidiary	$	—	$	—	$	(45,366)	Other non-operating income/expense, net
Tax effect (b)	—		—		—		Provision/benefit for income taxes
	$	—	$	—	$	(45,366)

(a)The amortization of prior service credit, recognized actuarial (loss), curtailment gain (loss) and settlement gain (loss) are included in the computation of net periodic benefit cost. Refer to "Note 4 to the Consolidated Financial Statements—Employee Benefit Plans" for additional information regarding Mattel's net periodic benefit cost.

(b)There is no tax effect associated with the loss on the liquidation of Mattel's subsidiary in Argentina.