XML 57 R41.htm IDEA: XBRL DOCUMENT v3.25.0.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present information about Mattel's assets and liabilities measured and reported in the financial statements at fair value on a recurring basis as of December 31, 2024 and 2023 and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value. The three levels of the fair value hierarchy are as follows:
•Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access.
•Level 2 – Valuations based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities.
•Level 3 – Valuations based on inputs that are unobservable, supported by little or no market activity, and that are significant to the fair value of the assets or liabilities.
 December 31, 2024
  
Level 1Level 2Level 3Total
 (In thousands)
Assets:
Foreign currency forward exchange and other contracts (a)$— $22,031 $— $22,031 
Liabilities:
Foreign currency forward exchange and other contracts (a)$— $2,337 $— $2,337 
 December 31, 2023
  
Level 1Level 2Level 3Total
 (In thousands)
Assets:
Foreign currency forward exchange and other contracts (a)$— $2,828 $— $2,828 
Liabilities:
Foreign currency forward exchange and other contracts (a)$— $9,564 $— $9,564 
(a)The fair value of the foreign currency forward exchange and other contracts was based on dealer quotes of market forward rates and reflects the amount that Mattel would receive or pay at their maturity dates for contracts involving the same notional amounts, currencies, and maturity dates.