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Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Income (Loss)

The following tables present information regarding Mattel's statement of operations information by segment. The corporate and other category includes operating costs not allocated to individual segments, including charges related to incentive and share-based compensation, corporate headquarters functions managed on a worldwide basis, the impact of changes in foreign currency exchange rates on intercompany transactions, and certain severance and other restructuring costs. It is impracticable for Mattel to present net sales by categories, brands, or products, as trade discounts and other allowances are generally recorded in the financial accounting systems by customer.

			For the Year Ended December 31, 2024
			North America						International						Total Reportable Segments						Corporate and other						Consolidated
			(In thousands)
Net Sales			$	3,168,069					$	2,211,477					$	5,379,546					$	—					$	5,379,546
Cost of Sales (a)			1,602,047						1,137,859						2,739,906						(94,428)						2,645,478
Gross Profit			1,566,022						1,073,618						2,639,640						94,428						2,734,068
Advertising and promotion expenses			245,037						262,284						507,321						—						507,321
Other selling and administrative expenses (b)			480,997						422,357						903,354						629,111						1,532,465
Operating Income (Loss)			839,988						388,977						1,228,965						(534,683)						694,282
Interest expense																					118,774						118,774
Interest (income)																					(51,478)						(51,478)
Other non-operating expense, net																					4,481						4,481
Income before income taxes																											$	622,505

(a)Cost of sales included severance and other restructuring charges of approximately $4 million recorded to corporate and other.

(b)Other selling and administrative expenses included severance and other restructuring charges, the impact of inclined sleeper product recall litigation, incentive compensation, and share-based compensation of approximately $44 million, $(4) million, $151 million, and $79 million, respectively, which were recorded in corporate and other.

			For the Year Ended December 31, 2023
			North America						International						Total Reportable Segments						Corporate and other						Consolidated
			(In thousands)
Net Sales			$	3,210,436					$	2,230,783					$	5,441,219					$	—					$	5,441,219
Cost of Sales (a)			1,723,162						1,233,055						2,956,217						(98,714)						2,857,503
Gross Profit			1,487,274						997,728						2,485,002						98,714						2,583,716
Advertising and promotion expenses			251,738						273,048						524,786						—						524,786
Other selling and administrative expenses (b)			447,793						425,596						873,389						623,882						1,497,271
Operating Income (Loss)			787,743						299,084						1,086,827						(525,168)						561,659
Interest expense																					123,786						123,786
Interest (income)																					(25,238)						(25,238)
Other non-operating (income), net																					(2,293)						(2,293)
Income before income taxes																											$	465,404

(a)Cost of sales included impact of severance and other restructuring activities of approximately $(1) million recorded to corporate and other.

(b)Other selling and administrative expenses included severance and other restructuring charges, inclined sleeper product recall litigation charges, incentive compensation, and share-based compensation of approximately $61 million, $18 million, $138 million, and $83 million respectively, which were recorded in corporate and other.

			For the Year Ended December 31, 2022
			North America						International						Total Reportable Segments						Corporate and other						Consolidated
			(In thousands)
Net Sales			$	3,214,686					$	2,220,001					$	5,434,687					$	—					$	5,434,687
Cost of Sales (a)			1,758,890						1,212,288						2,971,178						(17,843)						2,953,335
Gross Profit			1,455,796						1,007,713						2,463,509						17,843						2,481,352
Advertising and promotion expenses			255,540						278,715						534,255						—						534,255
Other selling and administrative expenses (b)			434,190						433,158						867,348						404,234						1,271,582
Operating Income (Loss)			766,066						295,840						1,061,906						(386,391)						675,515
Interest expense																					132,818						132,818
Interest (income)																					(9,398)						(9,398)
Other non-operating expense, net (c)																					47,760						47,760
Income before income taxes																											$	504,335

(a)Cost of sales included severance and other restructuring charges of approximately $2 million, $1 million, and $8 million allocated to North America, International, and corporate and other, respectively.

(b)Other selling and administrative expenses included severance and other restructuring charges, the impact of inclined sleeper product recall litigation, and share-based compensation of approximately $26 million, $(1) million, and $69 million respectively, which were recorded in corporate and other.

(c)Other non-operating expense, net included $45.4 million of currency translation losses recognized as a result of Mattel's liquidation of its subsidiary in Argentina, which was substantially completed in 2022.

Schedule of Segment Depreciation/Amortization

The following tables present information regarding depreciation and amortization by segment, as well as assets by segment.

			For the Year Ended
			December 31, 2024						December 31, 2023						December 31, 2022
			(In thousands)
Depreciation and Amortization by Segment
North America			$	94,282					$	97,456					$	98,085
International			54,611						59,876						58,683
			148,893						157,332						156,768
Corporate and other			19,070						20,012						25,411
Depreciation and amortization			$	167,963					$	177,344					$	182,179

Schedule of Segment Assets

Segment assets were comprised of accounts receivable and inventories, net of applicable reserves and allowances.

			December 31, 2024						December 31, 2023						December 31, 2022
			(In thousands)
Assets by Segment
North America			$	757,552					$	845,113					$	837,730
International			651,738						735,236						756,830
			1,409,290						1,580,349						1,594,560
Corporate and other			95,620						73,087						159,725
Accounts receivable and inventories, net			$	1,504,910					$	1,653,436					$	1,754,285

Schedule of Revenues by Geographic Area

The tables below present information by geographic area. Net sales were attributed to countries based on location of customer. Long-lived assets included property, plant, and equipment, net, and right-of-use assets, net.

			For the Year Ended
			December 31, 2024						December 31, 2023						December 31, 2022
			(In thousands)
Net Sales by Geographic Area
North America Region (a)			$	3,168,069					$	3,210,436					$	3,214,686
International Region
EMEA			1,240,444						1,241,483						1,324,435
Latin America			608,218						658,018						590,963
Asia Pacific			362,815						331,282						304,603
Total International Region			2,211,477						2,230,783						2,220,001
Net sales			$	5,379,546					$	5,441,219					$	5,434,687

			December 31, 2024						December 31, 2023						December 31, 2022
			(In thousands)
Long-Lived Assets
North America Region (b)			$	415,213					$	337,527					$	327,418
International Region			427,230						441,187						460,394
Consolidated total			$	842,443					$	778,714					$	787,812

(a)Net sales for the North America Region included net sales attributable to the United States of $3.02 billion, $3.05 billion, and $3.04 billion for 2024, 2023, and 2022, respectively.

(b)Long-lived assets for the North America Region included long-lived assets attributable to the United States of $399.4 million, $319.3 million, and $309.0 million for 2024, 2023, and 2022, respectively.

Schedule of Long-lived Assets by Geographic Areas

The tables below present information by geographic area. Net sales were attributed to countries based on location of customer. Long-lived assets included property, plant, and equipment, net, and right-of-use assets, net.

			For the Year Ended
			December 31, 2024						December 31, 2023						December 31, 2022
			(In thousands)
Net Sales by Geographic Area
North America Region (a)			$	3,168,069					$	3,210,436					$	3,214,686
International Region
EMEA			1,240,444						1,241,483						1,324,435
Latin America			608,218						658,018						590,963
Asia Pacific			362,815						331,282						304,603
Total International Region			2,211,477						2,230,783						2,220,001
Net sales			$	5,379,546					$	5,441,219					$	5,434,687

			December 31, 2024						December 31, 2023						December 31, 2022
			(In thousands)
Long-Lived Assets
North America Region (b)			$	415,213					$	337,527					$	327,418
International Region			427,230						441,187						460,394
Consolidated total			$	842,443					$	778,714					$	787,812

(a)Net sales for the North America Region included net sales attributable to the United States of $3.02 billion, $3.05 billion, and $3.04 billion for 2024, 2023, and 2022, respectively.

(b)Long-lived assets for the North America Region included long-lived assets attributable to the United States of $399.4 million, $319.3 million, and $309.0 million for 2024, 2023, and 2022, respectively.

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